Thursday, May 16, 2013

Three approaches to measuring GDP

The three methods to calculating GDP (with links to Eurostat definitions) are:

  1. The output approach
  2. The expenditure approach
  3. The income approach

The figures for each are in the Non-Financial Institutional Sector Accounts publication from the CSO’s National Accounts Section.  In 2011, nominal GDP for Ireland was estimated be to be just under €159 billion.  The following three tables extract the figures (by sector where relevant) from the 2011 ISAs for the three approaches.  Click each to enlarge.

The Output Approach The Expenditure Approach The Income Approach

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