Overview
Key Statistics
Gross domestic product (GDP) measures the final market value of all goods and services produced within a country. It is the most frequently used indicator of economic activity. The GDP by industry approach (or output-based GDP) is the sum of the gross value added (output less intermediate consumption) of all industry and services sectors of the economy (at basic prices), plus all taxes less subsidies on products. This concept is adjusted for inflation. Value-added at constant price GDP is calculated using fixed base period method, and currently the base period is replaced once every five years. From 2016 to 2020, the base period of value-added at constant price is 2015.<P>The time-series of values as of 2011-2015 is calculated based on Constant 2010 Prices while the data from 2016 to 2020, is calculated based on Constant 2015 Prices. From 2021 to 2025, base period at Constant Price is 2020.<P>National Bureau of Statistics does not release recalculated historical values but only provides data with different base years. The time-series of growth rates are not affected.