Page 91 - NIIÊN GIÁM THỐNG KÊ TỈNH HƯNG YÊN 2022
P. 91

EXPLANATION OF TERMINOLOGY, CONTENT AND
                        METHODOLOGY OF SOME STATISTICAL INDICATORS ON
                        GROSS REGIONAL DOMESTIC PRODUCT, STATE BUDGET,
                                           BANKING AND INSURANCE


                            GROSS REGIONAL DOMESTIC PRODUCT
                            Gross  regional  domestic  product  (GRDP)  is  the  value  of  final
                        physical products and services produced in provinces/cities under the central
                        government  over  a  given  period  of  time.  At  the  level  of  provinces/cities
                        under the central government, GRDP is calculated by production approach.
                        Accordingly,  GRDP  is  the  sum  of  the  value  added  at  basic  price  of  all
                        economic activities plus taxes on products less subsidises on products.
                            Value added (VA) is an economic indicator reflecting the new value of
                        goods and services that  was produced in an economy in a given period.
                        VA, a component of gross output, is the difference between gross output
                        and  intermediate  consumption.  Value  added  is  measured  at  current  and
                        constant price.

                            The basic price is the amount receivable by the producer through sale
                        of goods or services produced exclusive of taxes on products and inclusive
                        of subsidies on products. It excludes transport and trade margins invoiced
                        separately by the producers.

                            Value added is computed at the basic price. GRDP is always valued at
                        the purchaser’s price.
                            GRDP is calculated at current and constant prices.

                            GRDP  by current  prices is  used to  study the  economic structure, the
                        inter-industries relationship, relationship between the production results and
                        state budget mobilization.
                            GRDP by constant prices removing the factor of price changes is used
                        to  calculate  the  economic  growth  rate  in  the  locality  and  to  study  the
                        changes in goods and services quantities.
                            Gross regional domestic product per capita is calculated by dividing
                        the gross regional domestic product for the year by the average population
                        in local for the respective year. Gross regional domestic product per capita
                        can be calculated at current prices, in domestic or foreign currencies, or at
                        constant prices for computing the growth rate.

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