United Nations Statistics Division


	National Accounts \| Statistics Division

Latest Data Upload: December 2012

Glossary - Definition of Term

Term	GDP by types of expenditure
Definition	Expenditure-based gross domestic product is total final expenditure at purchasers’ prices (including final consumption expenditure, gross fixed capital formation, changes in inventories, valuables and f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.

It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.