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Real GDP growth rate - volume

Gross domestic product (GDP) is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. The calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes. For measuring the growth rate of GDP in terms of volumes, the GDP at current prices are valued in the prices of the previous year and the thus computed volume changes are imposed on the level of a reference year; this is called a chain-linked series. Accordingly, price movements will not inflate the growth rate.

Data and Resources

Additional Info

Field Value
Imported on January 8, 2025
Last update January 8, 2025
Source http://data.europa.eu/88u/dataset/1pdehxmf8q9yexgyf1pyhq
Defined In https://doi.org/10.2908/TEC00115
Citation
  • No citation available
Author Eurostat
Language English
Access Rights public
Production Year 2009-02-18