Gross domestic product and its expenditure components
Gross domestic product (GDP) is a key measure of the economic performance of a national economy (or economic region) within a certain period of time. It includes all goods and services produced within the geographical borders of an economy in a given period and valued at market prices, apart from intermediate goods used to produce other goods and services. Real GDP, which is measured not at current prices but at constant prices for a given base year, is typically used to compare an economy’s performance over time.
The following tables show the volume growth of GDP as well as the volume growth and contributions of its main expenditure components in the euro area and the euro-area countries. Additionally, the contributions of the individual euro-area countries to GDP growth in the euro area as a whole are shown.