Assessing the GDP structure in global comparison

Abstract

The paper deals with identifying relationships between the household consumption and the GDP on the selected sample of countries of the world. It provides an analysis of the GDP structure and its development and, on the basis of available statistic data, carries out evaluation of the development of the GDP structure from the point of view of the expenditure method of its estimating in the selected sample of the world countries. In this respect, the validity of a hypothesis is also verified that countries with higher GDP per capita reach the lower proportion of consumption in the total GDP than countries with a lower GDP per capita, namely at the global comparison on the more heterogeneous sample of countries than analyses published so far.

Keywords

• gross domestic product
• household consumption
• regression analysis
• global comparison