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Maybe investment and production of final goods and services have both been understated.
ECONOMIST: Performing miracles | The
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In macroeconomics, aggregate demand is the total demand for final goods and services in the economy at a given time and price level.
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Final consumption expenditures consist of final consumption expenditures of households, general governmental final consumption expenditures on individual goods and services and collective services, and also final consumption expenditures of non-profit institutions serving households.
UNESCO: Belarus: Report: Part I: Descriptive Section
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At the stage of use, GDP is calculated as the sum of final consumption of goods and services, gross formation and net exports excluding imports.
UNESCO: Belarus: Report: Part I: Descriptive Section
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By definition, GDP is a summary of final sales for new goods and services and not of all economic activity.
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General governmental final consumption expenditures on individual goods and services consist of outlays of government institutions on consumer goods and services intended for personal consumption.
UNESCO: Belarus: Report: Part I: Descriptive Section
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Final consumption expenditures of households include outlays for purchasing consumer goods and services from all trading enterprises and city markets, non-organised trade (street vendors), from public service, passenger transport, communications establishments, hotels, commercial Institutions of culture, health care and education.
UNESCO: Belarus: Report: Part I: Descriptive Section
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Final consumption expenditures of non-profit institutions serving households are outlays of public associations on consumer goods and services provided free to households.
UNESCO: Belarus: Report: Part I: Descriptive Section
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Thus, it enables to monitor the total flows of goods and services produced, as well as value added, starting from the initial production stage to the final use stage.
UNESCO: Belarus: Report: Part I: Descriptive Section