Gross domestic product in NRW

Definition: Gross domestic product includes the value of all goods and services produced within an economic area during a given period. It corresponds to the gross value added of all sectors plus taxes on products and minus subsidies on products. The changes compared to the previous year are price-adjusted and thus presented free of price inflows. The price-adjusted results are expressed in the prices of the previous year. Long-term comparisons of price-adjusted values are made possible by concatenation based on the reference year 2010. Note: A general audit was carried out in 2014. This mainly served to introduce the new European System of Accounts (ESA 2010) across Europe. ESA 2010 is based on the global new System of National Accounts (SNA 2008) and replaced the previous ESA 1995. As a result of this revision, the base year for the calculations changed from 2005 to 2010. GDP per inhabitant is shown in current prices, i.e. in the current year’s prices. Data source: Working Group on National Accounts of the Länder