Chapter 10 Gross Domestic Product – Expenditure approach (GDP(E))

10.1    GDP can be derived as the sum of all final expenditures, changes in inventories of finished goods, work-in-progress and raw materials, and the value of exports of goods and services less the value of imports of goods and services. In this context, final expenditures comprise final consumption expenditure and gross fixed capital formation (GFCF). These expenditures are equivalent to final demand and the measure is commonly referred to as GDP(E).