<p>If I buy a bottle of French wine at a wine shop - how does this add to GDP?</p>
<p>The imported (wholesale) bottle of wine does not count towards GDP; but the markup from the import price that I pay to the retailer does count towards GDP, right?</p>

CC BY-SA 4.0
2023-02-15T20:56:58.813Z
You may want to review the concept of GDP. Imports do count (negatively).
BrsG
CC BY-SA 4.0
2023-02-17T05:27:36.950Z
Yes, I didn't really say otherwise.
fahrrad
CC BY-SA 4.0
2023-02-17T05:33:46.330Z
GDP is value of all final goods and services; so imports *do not* count. In the formula, I they do count negatively, because they are included in, among others, consumption. So GDP = G + C + I - net imports. If the bottle of wine in the shop is 20 and the importer paid 10, then the contribution to GDP is C - I = $20 - $10 = $10. I.e. the markup. So I haven't forgotten about the formula, but still my question is: is this right?
fahrrad
<gdp>
Retail component of imported good in GDP?
fahrrad
# Retail component of imported good in GDP?

(Asked by: username_0 on 2023-02-14)

If I buy a bottle of French wine at a wine shop - how does this add to GDP?

The imported (wholesale) bottle of wine does not count towards GDP; but the markup from the import price that I pay to the retailer does count towards GDP, right?

**Tags:** gdp
> **Comments:**
> **username_1**: You may want to review the concept of GDP. Imports do count (negatively).  
> **username_0**: Yes, I didn't really say otherwise.  
> **username_0**: GDP is value of all final goods and services; so imports *do not* count. In the formula, I they do count negatively, because they are included in, among others, consumption. So GDP = G + C + I - net imports. If the bottle of wine in the shop is 20 and the importer paid 10, then the contribution to GDP is C - I = $20 - $10 = $10. I.e. the markup. So I haven't forgotten about the formula, but still my question is: is this right?  

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