| Description |
The indicator is calculated as the ratio of real GDP to the average population of a specific year. GDP measures the value of total final output of goods and services produced by an economy within a certain period of time. It includes goods and services that have markets (or which could have markets) and products which are produced by general government and non-profit institutions. It is a measure of economic activity and is also used as a proxy for the development in a country's material living standards. However, it is a limited measure of economic welfare. For example, neither does GDP include most unpaid household work nor does GDP take account of negative effects of economic activity, like environmental degradation. |
| Definition |
Not specified |
| Driving force |
Economy |
| Outcome type |
Economic impacts |
| Category |
Competitiveness |
| Connects to transition domains |
None specified |
| Unit(s) of measurement |
Chain linked volumes (2010), euro per capita |
| Unit(s) of measurement description |
Chain linked volumes (2010) in EUR and % change on previous year (per capita) |
| SDG Targets |
SDG_1, SDG_8 |
| Transition domain alignment |
Area_1 (Weak), Area_2 (Adequate), Area_3 (Weak), Area_4 (Adequate) |
| Supply chain components |
Food processing, Primary food production, Retail, Transport |
| Methodology |
Not specified |