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Economy > National accounts > Shares of GDP and other Stats: compare key data on Equatorial Guinea & Germany

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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."
  • 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.
  • 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."
  • 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 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."
  • 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."
  • 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."
  • 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."
  • 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."
  • Trade > % of GDP: Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
STAT Equatorial Guinea Germany HISTORY
Agriculture > Value added > % of GDP 3.46%
Ranked 95th. 4 times more than Germany
0.81%
Ranked 119th.

Exports > Goods and services > % of GDP 74.07%
Ranked 8th. 81% more than Germany
40.83%
Ranked 54th.

External balance on goods and services > % of GDP 32.51%
Ranked 2nd. 7 times more than Germany
4.94%
Ranked 28th.

Final > Consumption expenditure > Etc. > % of GDP 27.76%
Ranked 130th.
78.56%
Ranked 86th. 3 times more than Equatorial Guinea

General government final > Consumption expenditure > % of GDP 3.42%
Ranked 127th.
19.7%
Ranked 43th. 6 times more than Equatorial Guinea

Gross capital formation > % of GDP 39.73%
Ranked 7th. 2 times more than Germany
16.5%
Ranked 111th.

Gross domestic savings > % of GDP 72.24%
Ranked 1st. 3 times more than Germany
21.44%
Ranked 45th.

Gross fixed capital formation > % of GDP 36.65%
Ranked 9th. 2 times more than Germany
17.63%
Ranked 103th.

Gross national expenditure > % of GDP 67.49%
Ranked 129th.
95.06%
Ranked 105th. 41% more than Equatorial Guinea

Gross savings > % of GNI 10.66%
Ranked 119th.
21.15%
Ranked 47th. 98% more than Equatorial Guinea

Industry > Value added > % of GDP 91.89%
Ranked 1st. 3 times more than Germany
26.47%
Ranked 64th.

Manufacturing > Value added > % of GDP 18.18%
Ranked 29th.
19.1%
Ranked 23th. 5% more than Equatorial Guinea

Services > Etc. > Value added > % of GDP 4.65%
Ranked 122nd.
72.73%
Ranked 21st. 16 times more than Equatorial Guinea

Trade > % of GDP 115.63%
Ranked 25th. 51% more than Germany
76.72%
Ranked 70th.

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

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