Gross Domestic Product (GDP) - Expenditure Approach


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METHODOLOGICAL INFORMATION
Description

Information is provided for the level of GDP and its analysis by type of expenditure at current prices, at volume measures (constant prices) based on 2010 and at Previous Year Prices.

Method

The calculation of GDP (expenditure approach) is based on the statistics of the Private and Government Consuption, the Gross Fixed Capital Formation, the Changes in Inventories, the acquisitions less disposals of valuables and the external balance of goods and services (Exports minus Imports). 

Data Coverage

The statistical data used for the calculation of GDP (expenditure approach) cover all the categories of expenditure, based on the European System of Accounts 2010 (ESA 2010).

Frequency

The statistical data for the calculation of GDP is produced on an annual and on a quarterly basis.

Data Availability

The statistical data for GDP are available in electronic form on the Statistical Service website and on the Eurostat website. Statistical time series are available from 1995 (1st quarter 1995) until the last year/quarter that data is available.

Comparability Over Time

The data are comparable over time.

Principal Variables

The main variables are:
- Private Consumption,
- Government Consumption,
- Gross Fixed Capital Formation,
- Changes in Inventories,
- Acquisitions less disposals of valuables,
- Exports of goods and services,
- less Imports of goods and services.

Classification Systems

Type of expenditure according to ESA 2010.

Legal Framework

Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union.

Last Update

18/10/2021

CONTACT DETAILS
Contact Name
Demetris Ioannou, Maria Constantinou
Οrganisation Unit
National Accounts
Εmail Address
dioannou@cystat.mof.gov.cy, mconstantinou@cystat.mof.gov.cy
Phone Number
22605128, 22602226
















Contact Details
Michael Karaolis Str.
CY-1444, Lefkosia, Cyprus

T: +357 22602129
E: enquiries@cystat.mof.gov.cy
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