The income generated during the production process is used by final users for purchased of goods and services in an economy. Hence GDP can also be calculated by Expenditure Approach i.e. by summing the Final Consumption Expenditure (FCE), Gross Capital Formation (GCF) and Net Exports (NX). The expenditure approach works on the principle that all of the products must be purchased. The 2022 estimate of $11.0 billion is made up of the following components: Final Consumption
Expenditure: $11.3 billion; Gross Capital Formation: $2.0 billion; and Net Exports: – $2.3 billion
