Real Gross Domestic Product for Primary Agriculture Industries, Alberta and Canada

This Alberta Official Statistic presents annual per cent change for Alberta and Canada real Gross Domestic Product (GDP) for Primary Agriculture Industries, 2008-2014. Gross Domestic Product (GDP) is a measure of the economic production which takes place within a geographical area. The term "gross" in GDP means that capital consumption costs, that is the costs associated with the depreciation of capital assets (buildings, machinery and equipment), are included. The production estimates are prepared for 215 separate industries using the North American Industrial Classification System (NAICS). Real GDP is gross domestic product adjusted for price changes. By taking out the impact of fluctuation in prices, real GDP allows people to more accurately measure the changes in total output and service for a jurisdiction. GDP measures are part of the Canadian System of National Accounts (SNA). The SNA provides a conceptually integrated framework of statistics for studying the state and behavior of the Canadian economy. The accounts are centered on the measurement of activities associated with the production of goods and services, the sales of goods and services in final markets, the supporting financial transactions, and the resulting wealth positions.