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Economy > National accounts > Shares of GDP and other Stats: compare key data on Hungary & Romania

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Definitions

  • Agriculture > Value added > % of GDP: Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator."
  • Chemicals > % of value added in manufacturing: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division 3. Chemicals comprise ISIC groups 351 and 352.
  • Exports > Goods and services > % of GDP: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments."
  • External balance on goods and services > % of GDP: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
  • Final > Consumption expenditure > Etc. > % of GDP: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.
  • Food > Beverages and tobacco > % of value added in manufacturing: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division 3. Food, beverages, and tobacco comprise ISIC division 31."
  • Gross capital formation > % of GDP: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" According to the 1993 SNA, net acquisitions of valuables are also considered capital formation."
  • Gross domestic savings > % of GDP: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).
  • Gross national expenditure > % of GDP: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment)."
  • Gross savings > % of GNI: Gross savings are calculated as gross national income less total consumption, plus net transfers."
  • Machinery and transport equipment > % of value added in manufact: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division 3. Machinery and transport equipment comprise ISIC groups 382-84.
  • Other manufacturing > % of value added in manufacturing: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division 3. Other manufacturing includes wood and related products (division 33), paper and paper-related products (division 34), petroleum and related products (groups 353-56), basic metals and mineral products (divisions 36 and 37), fabricated metal products and professional goods (groups 381 and 385), and other industries (group 390). Includes unallocated data. When data for textiles, machinery, or chemicals are shown as not available, they are included in other manufacturing."
  • Services > Etc. > Value added > % of GDP: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator."
  • Textiles and clothing > % of value added in manufacturing: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division 3. Textiles and clothing comprise ISIC division 32.
  • Trade > % of GDP: Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
  • Gross fixed capital formation > % of GDP: Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation."
  • Manufacturing > Value added > % of GDP: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator."
  • General government final > Consumption expenditure > % of GDP: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation."
  • Industry > Value added > % of GDP: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator."
STAT Hungary Romania HISTORY
Agriculture > Value added > % of GDP 4.31%
Ranked 100th.
7.16%
Ranked 74th. 66% more than Hungary

Chemicals > % of value added in manufacturing 9.63%
Ranked 25th. 78% more than Romania
5.4%
Ranked 19th.

Exports > Goods and services > % of GDP 81.45%
Ranked 10th. 2 times more than Romania
33.32%
Ranked 78th.

External balance on goods and services > % of GDP 1.23%
Ranked 46th.
-6.92%
Ranked 79th.

Final > Consumption expenditure > Etc. > % of GDP 76.78%
Ranked 84th. 1% more than Romania
76.38%
Ranked 94th.

Food > Beverages and tobacco > % of value added in manufacturing 11.84%
Ranked 42nd.
15.28%
Ranked 19th. 29% more than Hungary

Gross capital formation > % of GDP 22%
Ranked 103th.
30.54%
Ranked 22nd. 39% more than Hungary

Gross domestic savings > % of GDP 23.22%
Ranked 64th.
23.62%
Ranked 37th. 2% more than Hungary

Gross national expenditure > % of GDP 98.77%
Ranked 104th.
106.92%
Ranked 57th. 8% more than Hungary

Gross savings > % of GNI 15.87%
Ranked 89th.
28.44%
Ranked 19th. 79% more than Hungary

Machinery and transport equipment > % of value added in manufact 41.76%
Ranked 3rd. 2 times more than Romania
17.95%
Ranked 4th.

Other manufacturing > % of value added in manufacturing 33.43%
Ranked 53th.
46.89%
Ranked 17th. 40% more than Hungary

Services > Etc. > Value added > % of GDP 66.25%
Ranked 45th.
66.88%
Ranked 35th. 1% more than Hungary

Textiles and clothing > % of value added in manufacturing 3.33%
Ranked 36th.
14.48%
Ranked 5th. 4 times more than Hungary

Trade > % of GDP 161.67%
Ranked 14th. 2 times more than Romania
73.57%
Ranked 75th.

Gross fixed capital formation > % of GDP 20.13%
Ranked 109th.
30.34%
Ranked 20th. 51% more than Hungary

Manufacturing > Value added > % of GDP 21.72%
Ranked 16th. 1% more than Romania
21.55%
Ranked 11th.

General government final > Consumption expenditure > % of GDP 9.48%
Ranked 123th.
15.17%
Ranked 71st. 60% more than Hungary

Industry > Value added > % of GDP 29.45%
Ranked 61st. 13% more than Romania
25.96%
Ranked 68th.

SOURCES: World Bank national accounts data, and OECD National Accounts data files.; United Nations Industrial Development Organisation, International Yearbook of Industrial Statistics.

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