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

Australian System of National Accounts: Concepts, Sources and Methods
Reference period
2020-21 financial year

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).

GDP(E)=Final consumption expenditure
 +Gross fixed capital formation
 +Changes in inventories
 +Net acquisitions of valuables (a)
 +Exports
 Imports

(a) net acquisitions of valuables are not separately identified in the ASNA