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  • Glossary item | 19 Mar 2025

Gross Ecosystem Product

Bioeconomy
The Gross Ecosystem Product (GEP) is an indicator that can be used alongside the Gross Domestic Product (GDP) indicator. It summarizes the value that ecosystem services provide to the economy in a single monetary metric. Analogous to GDP, GEP uses market prices and surrogates for market prices to calculate the accounting value of ecosystem services and aggregate them into a measure of the contribution of ecosystems to the economy. The power of GEP is enhanced by using similar methods for its construction as those underpinning GDP.
 
Rokicki, B., M`barek, R., Grammatikopoulou, I., La Notte, A., Van Alphen, M., Van Zeist, W., Bartelings, H. and Polman, N., Gross Ecosystem Product in macroeconomic modelling, Publications Office of the European Union, Luxembourg, 2024, doi:10.2760/57602 (online), JRC138106.
 
Source category: EC Technical Documents