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Name Term description
Gigawatt (GW)

Unit of measure corresponding to one billion Watts (1.000 megawatts).


In external trade statistics, goods comprise all movable property, including electricity.

Goods carried by road

Any goods moved by road goods vehicles. This includes all packaging and equipment such as containers, swap-bodies or pallets.

Government Temporary Lay-off Indemnity

Payment of wages and salaries made by the Government to redundant workers who are temporarily laid off from troubled enterprises.

Greenhouse effect

Solar energy (heat from the sun), arrives in the earth?s atmosphere as short wavelength radiation. Some of this is reflected by the earth?s surface and atmosphere; however, the vast majority is absorbed, warming the planet. As the earth?s surface gains heat, it starts to emit long wavelength, infra-red radiation back into the atmosphere.

Greenhouse gas

Greenhouse gases make up less than 0.1 % of the total atmosphere, which consists mostly of nitrogen and oxygen. Carbon dioxide is by far the most common greenhouse gas. The main greenhouse gases include: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), sulphur hexafluoride (SF6), hydro fluorocarbons (HFCs), perfluorocarbons (PFCs), as well as ozone depleting chlorofluorocarbons (CFCs) and hydro chlorofluorocarbons (HCFCs) - these latter two groups of gases are not covered by the Kyoto Protocol.

Gross capital stock

Gross capital stock is the value of all fixed assets still in use, at the actual or estimated current purchasers' prices for new assets of the same type, irrespective of the age of the assets.

Gross disposable income

Gross disposable income is the result of all current transactions before consumption, excluding exceptional resources/uses such as capital transfers, holding gains/losses and the consequences of natural disasters. It reflects the net resources, earned during the period, which are available for consumption and/or saving.

Gross domestic product at market prices (GDP)

Gross domestic product at market prices is the final result of the production activity of resident producer units. It can be defined in three ways: a) GDP is the sum of gross value added of the various institutional sectors or the various industries plus taxes and less subsidies on products (which are not allocated to sectors and industries). It is also the balancing item in the total economy production account; b) GDP is the sum of final uses of goods and services by resident institutional units (actual final consumption and gross capital formation), plus exports and minus imports of goods and services; c) GDP is the sum of uses in the total economy generation of income account (compensation of employees, taxes on production and imports less subsidies, gross operating surplus and mixed income of the total economy).

Gross earnings

Gross earnings cover remuneration in cash paid directly and regularly by the employer at the time of each wage payment, before tax deductions and social security contributions payable by wage-earners and retained by the employer.Gross earnings correspond in general to the expression "wages and salaries (excluding wages and salaries in kind)" used in statistics of labour costs

Gross earnings of employees

Represent wages, salaries and accessory benefits paid to manual and non-manual workers. Compulsory social contributions and taxes are included.

Gross fixed capital formation

Gross fixed capital formation represents the value of durable goods, intended for non-military use, purchased by resident production units. Such goods are to be used by the purchasers in the production process, for a period longer than one year. It includes: gross fixed investments, changes in stocks, purchases minus sales of valuable objects, depreciation.

Gross national disposable income

Gross national disposable income is equal to GNI (Gross national income) less current transfers (other than taxes, less subsidies, on production and imports) payable to non-resident units, plus the corresponding transfers receivable by resident units from the rest of the world. Gross national disposable income measures the income available to the total economy for final consumption and gross saving (SNA 2008, § 2.145).Gross national disposable income may be derived from gross national income by adding all current transfers in cash or in kind receivable by resident institutional units from non-resident units and subtracting all current transfers in cash or in kind payable by resident institutional units to non-resident units (SNA 1993, § 8.16 [2.183]).

Gross national income (GNI)

Gross national income (GNI) is the aggregate value of the gross balances of primary incomes for all sectors Gross national income (GNI) is defined as GDP plus compensation of employees receivable from abroad plus property income receivable from abroad plus taxes less subsidies on production receivable from abroad less compensation of employees payable abroad less property income payable abroad and less taxes plus subsidies on production payable abroad (SNA 2008, § 16.54).Gross National Income (GNI) is GDP (Gross Domestic Product) less net taxes on production and imports, less compensation of employees and property income payable to the rest of the world plus the corresponding items receivable from the rest of the world (in other words, GDP less primary incomes payable to non-resident units plus primary incomes receivable from non-resident units); an alternative approach to measuring GNI at market prices is as the aggregate value of the balances of gross primary incomes for all sectors; (note that GNI is identical to gross national product (GNP) as previously used in national accounts generally) (SNA 1993 § 2.181 and 7.16 and Table 7.2 [2.181]).

Gross national saving

Measures the part of the gross national disposable income that is not used in final consumption. Gross national saving corresponds to the sum of the gross savings of the various sectors. Net national saving is obtained by subtracting depreciation.

Gross production of electricity

Total quantity of electricity produced, as measured at the generators' terminals.

Gross volume

Total volume of a building, comprised between the external walls, the lowest floor and the roof, measured from the outside.