Published on January 22nd, 2015 03:21 PM
According to relevant basic information and national accounting methods, the preliminary accounting results of GDP in 2014 are as follows:
1. Absolute value is computed at current price, growth rate is computed at constant price.
2. The Three Industries Classification is according to the Three Industries Classification Regulations enacted in 2012 by the NBS.
3. Industrial Classification for National Economic Activities adopts the “Industrial Classification for National Economic Activities" ( GB/T4754－2011).
1. The Q/Q growth rate is the growth rate over the previous quarter, with seasonal adjustments.
2. The Y/Y growth rate is the growth rate over the same period last year, without seasonal adjustments.
1. Overview on Quarterly GDP Accounting
1.1 Basic Concepts
Gross Domestic Product (GDP) refers to the final products at market prices produced by all resident units in a country (or a region) during a certain period of time. GDP is the core indicator of the national accounts, and also an important indicator to measure the economic conditions and the level of development of a country or region.
In the practice of national accounting, gross domestic product is calculated from