Because this is an international regulation, in order to facilitate the comparison of GDP among countries, countries adopt a unified standard of GDP accounting scope, in which the implied rent of self-owned housing is included in GDP.

The production scope of GDP accounting includes the following three parts:

1, one is the production of goods and services provided by producers or prepared to be provided to other units;

2. Second, the self-sufficient production of all commodities used by producers for final consumption or capital formation;

3. The third is the production of self-owned housing services and paid self-sufficient family services provided by the owners for their final consumption. The scope of production does not include unpaid self-sufficient family services, natural activities without unit control (such as the natural growth of wild and uncultivated forests, wild fruits or berries, and natural growth of fish on the high seas).

Extended data:

The main features of GDP:

1, because GDP uses market prices to evaluate goods and services, it does not include the value of almost all activities outside the market. In particular, GDP ignores the value of domestically produced goods and services.

2.GDP does not include environmental quality. Imagine that the government has abolished all environmental controls, so enterprises can produce goods and services without considering the pollution they cause. In this case, GDP will increase, but welfare is likely to decline. The deterioration of air and water quality is greater than the welfare benefits brought by more production.

3.GDP does not involve income and distribution. Per capita GDP tells us the average situation of everyone, but behind the average amount is the huge difference in personal income. Therefore, in most cases, but not all cases, GDP is a good indicator to measure economic welfare.

4. The concept of 4.GDP comes from the principle that exchange generates wealth. The basic conditions of this principle are:

(1) 1. The exchange must be voluntary;

(2) Second, the exchange shall not hinder the third party;

(3) Third, the exchange must really take place between two clear property rights subjects.

Assuming that these three conditions are not met, the accuracy of the obtained GDP value may be greatly reduced, or the GDP data will be flawed. For example, forced trading GDP, GDP that hinders others, GDP created by exports, GDP generated by investment, GDP brought by consumption, and so on. Will affect the total effective accumulation of GDP.

Baidu Encyclopedia-Gross Domestic Product

Baidu Encyclopedia-China GDP