FIRST RELEASE

CROATIAN BUREAU OF STATISTICS
10000 ZAGREB, ILICA 3, PHONE: +385 1 4806-111, P.O.B. 80, CROATIA

ISSN 1334-0565

 

YEAR: XLVI.

ZAGREB, 29 JUNE, 2009

NUMBER: 12.1.1/1.

 

 

OBLIGED TO NOTIFY DATA SOURCE

 

 

 

 

 

 

 

QUARTERLY GROSS DOMESTIC PRODUCT ESTIMATE

FIRST QUARTER OF 2009

 

The estimation of quarterly gross domestic product (GDP) for the first quarter of 2009 by major categories of expenditure and economic activities is presented in this release. The data are presented at current prices, constant prices of a previous year and constant prices of a referent year (2000 = 100). Data series have been adjusted according to the annual GDP calculation for the period from 2000 to 2005.

 

Quarterly data for 2006, 2007 and 2008 are preliminary. They were calculated as a sum of four quarters.

 

The gross domestic product decreased by 6.7% in the first quarter of 2009, as compared to the same quarter of 2008.

 

The real decrease of GDP of 6.7% is the biggest one in the period from the first quarter of 2000 to the first quarter of 2009. All GDP expenditure components, except government consumption, recorded a significant decrease in real terms in the first quarter of 2009, as compared to the same quarter of 2008.

 

The final consumption expenditure of households, as the largest component of GDP, decreased by 9.9 %, which is the biggest real decrease in the whole period, and the gross fixed capital formation by 12.4%. The exports of goods and services decreased by 14.2% and the imports of goods and services by 20.9%. Only the final consumption expenditure of general government increased by 3.9%.

 

The contribution of domestic demand to GDP growth rate was -12.7 basic points, while the contribution of net foreign demand was 6.0 basic points.

 

The gross value added (GVA) decreased in the real terms by 4.0% in the first quarter of 2009, as compared to the corresponding quarter of the previous year.

 

The decrease of the GVA in the first quarter of 2009 was due to a significant decrease of the value added in industry and trade. Negative growth was recorded in Mining and quarrying, Manufacturing and Electricity, gas and water supply (10.3%), Wholesale and retail trade (15.0%), Hotels and restaurants (4.4%) and Transport, storage and communication (5.2%), as compared to the corresponding quarter of the previous year.  The GVA of Agriculture, hunting and forestry and Construction activity recorded a slower decrease during the first quarter of 2009. The GVA of Agriculture, hunting and forestry decreased by 0.6% and of Construction by 1.7%, as compared to the corresponding quarter of 2008.

 

The GVA in real terms increased in Financial intermediation as well as in Real estate, renting and business activities by 1.4% and in Public administration and defence; compulsory social security, Other community, social and personal services and Activities of households by 1.8%, as compared to the corresponding quarter of the previous year.

 

Excel tables from this Release can be downloaded here.

 

1.1     QUARTERLY GROSS DOMESTIC PRODUCT, BY EXPENDITURE APPROACH, current prices

Million kuna

 

Final consumption expenditure

Gross fixed capital formation

Changes in inventories

Exports of goods
and services

Imports of goods
and services

Gross domestic product (market prices)

Households

Government

1

2

3

4 

5

6

7=1+2+3+4+5-6

 

 

 

 

 

 

 

 

2006.

172 744

53 091

74 792

5 792

124 270

144 348

286 341

2007.

188 952

58 250

82 386

8 397

134 451

158 213

314 223

2008.

202 194

63 519

94 281

10 811

143 396

172 041

342 159

 

 

 

 

 

 

 

 

2006.

 

 

 

 

 

 

 

 I. - III.

41 200

12 611

17 131

6 063

21 512

33 705

64 812

 IV. - VI.

44 412

13 222

19 479

3 905

27 198

36 863

71 353

 VII. - IX.

40 016

13 248

19 379

-4 463

46 165

36 076

78 269

 X. - XII.

47 115

14 009

18 803

288

29 395

37 704

71 906

2007.

 

 

 

 

 

 

 

 I. - III.

44 818

13 556

19 530

6 586

22 920

36 055

71 357

 IV. - VI.

48 475

14 392

21 272

4 936

30 589

40 734

78 931

 VII. - IX.

43 829

14 841

21 171

-4 874

50 042

39 533

85 475

 X. - XII.

51 829

15 461

20 413

1 749

30 900

41 892

78 460

2008.

 

 

 

 

 

 

 

 I. - III.

49 382

14 684

22 410

8 180

24 872

40 460

79 068

 IV. - VI.

52 808

15 754

25 121

5 754

33 622

46 183

86 875

 VII. - IX.

47 417

16 075

24 237

-3 367

54 056

44 957

93 462

 X. - XII.

52 587

17 006

22 512

245

30 845

40 441

82 753

2009.

 

 

 

 

 

 

 

 I. - III.

46 474

16 201

19 644

5 156

22 253

31 860

77 867

 

 

1.2.    QUARTERLY GROSS DOMESTIC PRODUCT, BY EXPENDITURE APPROACH, constant prices of previous year

Million kuna

 

Final consumption expenditure

Gross fixed capital formation

Changes in inventories

Exports of goods
and services

Imports of goods
and services

Gross domestic product (market prices)

Households

Government

1

2

3

4 

5

6

7=1+2+3+4+5-6

 

 

 

 

 

 

 

 

2006.

167 799

50 879

72 074

5 537

120 000

139 392

276 897

2007.

183 422

54 885

79 679

8 122

129 598

153 697

302 007

2008.

190 502

59 375

89 148

9 760

136 792

163 941

321 636

 

 

 

 

 

 

 

 

2006.

 

 

 

 

 

 

 

 I. - III.

40 230

12 483

16 023

5 828

22 131

32 747

63 947

 IV. - VI.

42 747

12 838

19 482

3 770

27 427

36 831

69 434

 VII. - IX.

39 013

12 367

18 624

-4 333

43 223

34 289

74 604

 X. - XII.

45 809

13 191

17 945

272

27 219

35 525

68 911

2007.

 

 

 

 

 

 

 

 I. - III.

44 555

13 385

18 494

6 410

23 283

35 362

70 765

 IV. - VI.

46 817

13 753

21 391

4 768

30 525

40 646

76 608

 VII. - IX.

42 646

13 477

20 435

-4 687

47 399

38 412

80 858

 X. - XII.

49 405

14 269

19 359

1 630

28 391

39 277

73 777

2008.

 

 

 

 

 

 

 

 I. - III.

47 805

14 271

20 998

7 675

25 024

38 989

76 784

 IV. - VI.

49 339

15 061

24 910

5 336

33 073

45 300

82 419

 VII. - IX.

44 115

14 484

22 526

-3 477

49 973

42 106

85 514

 X. - XII.

49 244

15 559

20 714

226

28 722

37 547

76 919

2009.

 

 

 

 

 

 

 

 I. - III.

45 695

15 856

19 444

5 102

22 519

32 382

76 235

 

1.3.    REAL GROWTH RATES, comparison with corresponding quarter of previous year

%

 

Final consumption expenditure

Gross fixed capital
formation

Exports of goods
and services

Imports of goods
and services

Gross domestic product (market prices)

Households

Government

 

 

 

 

 

 

 

2006.

3,5

2,2

10,9

6,5

7,4

4,7

2007.

6,2

3,4

6,5

4,3

6,5

5,5

2008.

0,8

1,9

8,2

1,7

3,6

2,4

 

 

 

 

 

 

 

2006.

 

 

 

 

 

 

 I. - III.

3,8

1,0

18,1

13,6

16,5

6,1

 IV. - VI.

2,2

1,7

8,4

4,8

5,0

3,5

 VII. - IX.

3,9

1,5

9,3

1,8

4,7

4,8

 X. - XII.

4,0

4,4

9,2

10,8

5,0

4,7

2007.

 

 

 

 

 

 

 I. - III.

7,6

2,8

11,2

1,6

4,3

7,0

 IV. - VI.

6,4

2,7

5,8

7,5

6,6

6,7

 VII. - IX.

6,2

4,4

5,7

5,9

8,2

4,8

 X. - XII.

4,8

3,7

4,0

0,7

6,8

3,5

2008.

 

 

 

 

 

 

 I. - III.

4,2

0,5

9,8

3,6

7,1

4,3

 IV. - VI.

2,3

3,2

12,6

4,4

8,3

3,4

 VII. - IX.

0,4

1,3

6,6

1,6

6,5

1,6

 X. - XII.

-3,2

2,7

3,5

-2,5

-7,1

0,2

2009.

 

 

 

 

 

 

 I. - III.

-9,9

3,9

-12,4

-14,2

-20,9

-6,7

 

 

1.4.    QUARTERLY GROSS DOMESTIC PRODUCT, BY EXPENDITURE APPROACH, constant prices of previous year, 2000 referent year

Million kuna

 

Final consumption expenditure

Gross fixed capital formation

Changes in inventories

Exports of goods
and services

Imports of goods
and services

Gross domestic product (market prices)

Households

Government

 

 

 

 

 

 

 

 

2006. 

146 061

42 430

61 735

4 695

106 115

130 760

231 032

2007.

155 090

43 864

65 768

6 583

110 665

139 229

243 673

2008.

156 362

44 710

71 167

7 652

112 592

144 269

249 422

 

 

 

 

 

 

 

 

2006.

 

 

 

 

 

 

 

 I. - III.

35 018

10 410

13 725

4 942

19 570

30 719

53 355

 IV. - VI.

37 209

10 706

16 688

3 197

24 254

34 550

57 933

 VII. - IX.

33 959

10 313

15 952

-3 674

38 222

32 166

62 247

 X. - XII.

39 875

11 000

15 371

231

24 070

33 325

57 497

2007.

 

 

 

 

 

 

 

 I. - III.

37 673

10 697

15 265

5 196

19 882

32 033

57 096

 IV. - VI.

39 585

10 991

17 657

3 865

26 066

36 820

61 811

 VII. - IX.

36 058

10 771

16 867

-3 799

40 474

34 796

65 239

 X. - XII.

41 773

11 404

15 979

1 322

24 243

35 580

59 526

2008.

 

 

 

 

 

 

 

 I. - III.

39 238

10 746

16 763

6 017

20 597

34 310

59 545

 IV. - VI.

40 497

11 341

19 886

4 183

27 222

39 864

63 914

 VII. - IX.

36 209

10 907

17 982

-2 726

41 132

37 053

66 314

 X. - XII.

40 419

11 717

16 536

177

23 641

33 041

59 649

2009.

 

 

 

 

 

 

 

 I. - III.

35 337

11 161

14 677

3 612

17 682

27 154

55 573

 

2.1.    QUARTERLY GROSS VALUE ADDED AND GROSS DOMESTIC PRODUCT, current prices

Million kuna

 

NKD 2002.1)

Gross value
added
(basic prices)

Taxes on
products
less
subsidies on
products

Gross
domestic
product
(market prices)

A,B

C, D, E

F

G

H

I

J, K

L, M, N, O, P

Agriculture,
hunting and forestry
and Fishing

Mining and
quarrying,
Manufacturing,
Electricity,
gas and water
supply

Construction

Wholesale and
retail trade;
repair of motor
vehicles
motorcycles
and personal
and household
goods

Hotels and
restaurants

Transport,
storage and
communication

Financial
intermediation,
Real estate,
renting and
business
activities

Public administration
and defence;
compulsory social
security, Education,
Health and social
work, Other
community, social
and personal services
and Activities of
households

1

2

3

4

5

6

7

8

9 = (1do8)

10

11 = 9 + 10,

 

 

 

 

 

 

 

 

 

 

 

 

2006.

15 578

50 683

19 044

31 156

10 510

22 466

54 881

41 738

246 056

40 285

286 341

2007.

16 400

55 271

20 907

34 431

11 802

24 479

61 795

45 351

270 436

43 787

314 223

2008.

19 011

59 753

24 659

36 122

12 791

25 480

67 743

49 870

295 430

46 729

342 159

 

 

 

 

 

 

 

 

 

 

 

 

2006.

 

 

 

 

 

 

 

 

 

 

 

 I. - III.

3 521

12 230

4 602

7 059

1 186

4 669

13 184

10 170

56 621

8 191

64 812

 IV. - VI.

4 136

12 464

4 979

8 191

2 952

5 313

13 491

10 097

61 622

9 731

71 353

 VII. - IX.

3 979

13 833

4 959

8 371

4 659

6 822

13 309

10 703

66 635

11 635

78 269

 X. - XII.

3 942

12 156

4 504

7 535

1 714

5 662

14 896

10 768

61 178

10 728

71 906

2007.

 

 

 

 

 

 

 

 

 

 

 

 I. - III.

3 727

13 378

5 159

7 760

1 347

5 108

14 718

11 021

62 219

9 138

71 357

 IV. - VI.

4 343

13 749

5 371

8 982

3 249

5 908

15 430

10 937

67 969

10 962

78 931

 VII. - IX.

4 050

14 965

5 436

9 409

5 282

7 463

14 832

11 599

73 035

12 440

85 475

 X. - XII.

4 280

13 180

4 941

8 281

1 924

6 000

16 814

11 793

67 213

11 247

78 460

2008.

 

 

 

 

 

 

 

 

 

 

 

 I. - III.

4 184

14 765

6 006

8 477

1 505

5 211

16 418

12 118

68 683

10 385

79 068

 IV. - VI.

5 135

15 164

6 435

9 636

3 524

6 223

17 006

12 077

75 199

11 676

86 875

 VII. - IX.

4 866

16 280

6 494

9 795

5 762

7 816

16 156

12 787

79 958

13 505

93 462

 X. - XII.

4 826

13 544

5 724

8 214

2 000

6 230

18 164

12 888

71 590

11 164

82 753

2009.

 

 

 

 

 

 

 

 

 

 

 

 I. - III.

4 373

13 745

6 156

7 465

1 501

5 068

17 229

13 384

68 920

8 947

77 867

 

 

2.2.    QUARTERLY GROSS VALUE ADDED, constant prices of previous year

Million kuna

 

 

 

NKD 2002.1)

Gross value
added
(basic prices)

A,B

C, D,  E

F

G

H

I

J, K

L, M, N, O, P

Agriculture,
hunting and forestry
and Fishing

Mining and
quarrying,
Manufacturing,
Electricity,
gas and water
supply

Construction

Wholesale and
retail trade; repair
of motor vehicles
motorcycles and
personal and
household goods

Hotels and
restaurants

Transport,
storage and
communication

Financial
intermediation,
Real estate,
Renting and
business activities

Public administration
and defence;
compulsory social
security, Education,
Health and social
work, Other
community, social
and personal services
and  Activities of
households

1

2

3

4

5

6

7

8

9 = (1do 8)

 

 

 

 

 

 

 

 

 

 

2006.

15 008

48 964

18 028

30 116

10 169

22 323

52 598

39 696

236 902

2007.

15 794

53 600

19 696

33 378

11 456

24 139

59 083

42 429

259 576

2008.

16 920

56 034

22 686

34 331

12 065

25 750

63 892

46 345

278 022

 

 

 

 

 

 

 

 

 

 

2006.

 

 

 

 

 

 

 

 

 

 I. - III.

3 721

11 827

4 372

6 464

1 341

5 116

12 462

9 862

55 165

 IV. - VI.

3 589

12 114

4 712

7 865

2 794

5 493

12 815

9 864

59 246

 VII. - IX.

3 779

12 726

4 583

8 385

4 443

6 072

13 674

10 086

63 749

 X. - XII.

3 919

12 296

4 361

7 402

1 590

5 642

13 647

9 884

58 741

2007.

 

 

 

 

 

 

 

 

 

 I. - III.

4 025

13 241

4 950

7 210

1 515

5 644

14 188

10 518

61 290

 IV. - VI.

3 850

13 496

5 084

8 714

3 119

6 028

14 574

10 544

65 408

 VII. - IX.

3 853

13 740

4 936

9 455

5 030

6 515

15 293

10 756

69 578

 X. - XII.

4 066

13 122

4 727

8 000

1 793

5 953

15 028

10 611

63 301

2008.

 

 

 

 

 

 

 

 

 

 I. - III.

4 203

14 253

5 660

7 741

1 671

6 056

15 636

11 563

66 783

 IV. - VI.

4 142

14 461

5 958

9 151

3 263

6 561

15 893

11 540

70 968

 VII. - IX.

4 192

14 145

5 685

9 548

5 306

6 923

16 485

11 755

74 039

 X. - XII.

4 383

13 175

5 384

7 891

1 825

6 210

15 878

11 488

66 233

2009.

 

 

 

 

 

 

 

 

 

 I. - III.

4 695

13 633

6 050

6 919

1 694

5 682

16 806

12 666

68 146

 

 

1)  National Classification of Activities, 2002 version

2.3.    REAL GROWTH RATES, comparison with corresponding quarter of previous year

%

 

 

 

NKD 2002.1)

Gross value
added
(basic prices)

A,B

C, D,  E

F

G

H

I

J, K

L, M, N, O, P

Agriculture,
hunting and forestry
and Fishing

Mining and
quarrying,
Manufacturing,
Electricity,
gas and water
supply

Construction

Wholesale and
retail trade; repair
of motor vehicles
motorcycles and
personal and
household goods

Hotels and
restaurants

Transport,
storage and
communication

Financial
intermediation,
Real estate,
Renting and
business activities

Public administration
and defence;
compulsory social
security, Education,
Health and social
work, Other
community, social
and personal services
and  Activities of
households

 

 

 

 

 

 

 

 

 

 

2006.

1,9

3,5

7,7

2,9

4,7

8,6

8,2

1,1

4,7

2007.

1,4

5,8

3,4

7,1

9,0

7,4

7,7

1,7

5,5

2008.

3,2

1,3

8,5

-0,3

2,2

5,2

3,4

2,2

2,8

 

 

 

 

 

 

 

 

 

 

2006.

 

 

 

 

 

 

 

 

 

 I. - III.

4,6

6,7

12,1

3,8

6,0

10,3

7,2

0,7

6,0

 IV. - VI.

1,9

0,1

8,1

1,9

9,1

8,6

5,7

1,1

3,5

 VII. - IX.

0,4

4,5

5,9

2,9

2,4

7,0

11,2

1,3

5,0

 X. - XII.

0,9

3,1

5,0

3,4

2,8

8,7

8,5

1,2

4,6

2007.

 

 

 

 

 

 

 

 

 

 I. - III.

4,2

8,2

7,2

7,8

9,3

9,6

9,1

1,4

7,0

 IV. - VI.

3,4

7,6

2,1

7,1

8,0

9,0

9,0

1,7

6,3

 VII. - IX.

-1,8

4,3

1,9

9,0

9,5

6,6

7,2

1,4

5,1

 X. - XII.

0,0

3,1

2,6

4,5

9,1

4,8

5,5

2,1

3,8

2008.

 

 

 

 

 

 

 

 

 

 I. - III.

0,6

4,4

7,7

4,1

7,1

5,8

5,4

2,8

4,6

 IV. - VI.

3,6

3,9

10,4

1,8

1,6

7,3

4,3

2,4

4,1

 VII. - IX.

4,8

-0,2

8,5

-2,1

2,4

4,8

3,1

2,2

2,1

 X. - XII.

3,8

-2,6

7,3

-4,4

-1,2

2,9

1,0

1,3

0,4

2009

 

 

 

 

 

 

 

 

 

 I. - III.

-0,6

-10,3

-1,7

-15,0

-4,4

-5,2

1,4

1,8

-4,0

 

 

2.4.    QUARTERLY GROSS VALUE ADDED, constant prices of previous year, 2000 referent year    

Million kuna

 

 

 

NKD 2002.1)

Gross value
 added
(basic prices)

A,B

C, D,  E

F

G

H

I

J, K

L, M, N, O, P

Agriculture,
hunting and forestry
and Fishing

Mining and
quarrying,
Manufacturing,
Electricity,
gas and water
supply

Construction

Wholesale and
retail trade; repair
of motor vehicles
motorcycles and
personal and
household goods

Hotels and
restaurants

Transport,
storage and
communication

Financial
intermediation,
Real estate,
Renting and
business activities

Public administration
and defence;
compulsory social
security, Education,
Health and social
work, Other
community, social
and personal services
and  Activities of
households

 

 

 

 

 

 

 

 

 

 

2006.

13 706

42 552

13 389

28 324

7 911

19 504

34 267

32 276

192 676

2007.

13 897

45 001

13 847

30 344

8 624

20 956

36 891

32 811

203 264

2008.

14 338

45 621

15 026

30 255

8 816

22 044

38 143

33 530

208 966

 

 

 

 

 

 

 

 

 

 

2006.

 

 

 

 

 

 

 

 

 

 I. - III.

3 398

10 278

3 247

6 079

1 043

4 469

8 119

8 019

44 867

 IV. - VI.

3 278

10 528

3 499

7 397

2 174

4 799

8 349

8 020

48 186

 VII. - IX.

3 451

11 060

3 404

7 886

3 457

5 305

8 908

8 201

51 848

 X. - XII.

3 579

10 685

3 239

6 962

1 237

4 929

8 891

8 036

47 775

2007.

 

 

 

 

 

 

 

 

 

 I. - III.

3 542

11 117

3 480

6 554

1 140

4 899

8 859

8 134

47 994

 IV. - VI.

3 388

11 331

3 574

7 922

2 348

5 233

9 100

8 154

51 218

 VII. - IX.

3 390

11 536

3 470

8 595

3 786

5 656

9 549

8 318

54 483

 X. - XII.

3 577

11 017

3 324

7 272

1 350

5 168

9 384

8 206

49 568

2008.

 

 

 

 

 

 

 

 

 

 I. - III.

3 562

11 604

3 749

6 822

1 221

5 184

9 335

8 366

50 195

 IV. - VI.

3 510

11 774

3 946

8 065

2 384

5 617

9 488

8 349

53 341

 VII. - IX.

3 552

11 516

3 765

8 415

3 877

5 927

9 842

8 505

55 649

 X. - XII.

3 714

10 727

3 566

6 954

1 333

5 317

9 479

8 311

49 782

2009.

 

 

 

 

 

 

 

 

 

 I. - III.

3 541

10 409

3 686

5 796

1 167

4 916

9 463

8 516

48 202

 

 

1)  National Classification of Activities, 2002 version

NOTES ON METHODOLOGY

 

This release presents the revised data series on the gross domestic product (GDP) for the Republic of Croatia in the period from the first quarter of 2006 to the first quarter of 2009, by major categories of expenditure and economic activities.

 

GDP by expenditure approach is presented at market prices and GVA by activities at basic prices.

 

The chain-linking method has been applied in the calculation of GDP at constant prices. Quarterly time series at constant prices are expressed at prices of the previous year, by dividing current prices by indices expressed in average prices of the previous year. Basic chain-linked indices are calculated by using the time series at prices of the previous year by linking to the referent year (2000 = 100). Real growth rates are calculated by using the series of basic chain-linked indices.

 

The time series at constant prices of the previous year are additive (GDP and GVA equal the sum of categories and subcategories), while the time series at constant prices of the referent year are not additive (GDP and GVA do not equal the sum of categories and subcategories). This non-additivity of GDP and GVA sums results from using the basic chain-linked indices on detailed structure of categories and subcategories.

 

Adjustment of quarterly GDP figures (from the first quarter of 2000 to the fourth quarter of 2005), according to the revised annual data for the period from 2000 to 2005, was carried out by using the proportional Denton method.

 

The proportional Denton method was applied because, unlike the additive Denton method, it better preserves growth rates adjusted in relation to original GDP data, while with the additive Denton method the emphasis is on the adjustment of absolute values for a quarterly GDP.

 

The application of the proportional Denton method circumvents the step problem that a simple pro rata method can lead to, that is, it can lead to the situation that adjusted values are going up, while original ones are going down and vice versa.

 

Analytical framework, concepts, definitions and classification

 

The concept and the methodology used are consistent with the European System of Accounts (ESA 95).

 

The GDP measures the total value of final goods and services produced by resident institutional units during a certain period of time.

 

For the GDP at current and constant market prices by expenditure category, the following classifications were used: the Classification of Individual Consumption by Purpose (COICOP), the Standard International Trade Classification (SITC) and the Central Product Classification (CPC).

 

The classification of business entities by activities is in line with the NKD 2002., which is directly comparable to the NACE Rev 1.1 classification. The Product Classification, which was used for the calculation of gross value added in current and constant prices by activities, is harmonised with the National Nomenclature of Industrial Products and Services, which is comparable to the PRODCOM classification.

 

The GDP estimates include all activities within the ESA 95 production boundary and cover the total territory of the Republic of Croatia.

 

The estimates are prepared on an accrual basis.

 

Compilation practice

 

Expenditure approach

 

1. Current prices

 

The compilation of the GDP at market prices, according to the expenditure approach at current prices, is based on data from regular surveys of the Central Bureau of Statistics, the Ministry of Finance, the Croatian National Bank and the Financial Agency.

 

Final consumption expenditure of households is calculated from regular surveys of the Central Bureau of Statistics on turnover data for retail trade and for hotels and restaurants. Expenditure on other services, which are not covered by regular surveys made by the Central Bureau of Statistics, was extrapolated from the base year quarterly values by using volume indices from the production approach and relevant cost of living indices until the fourth quarter of 2003. Since the first quarter of 2004 adequate sub-indices of the CPI have been used for this purpose.

 

Government expenditures data, including NPISH, were calculated by using the Ministry of Finance data on the general government. Data for all quarters were based on data from the statistical quarterly survey, the Quarterly Statistical Report on Income and Expenditure of Budget and Budgetary Users and Non-Profit Organisations. The difference between the accrual and the cash concepts was provisional. Therefore, the final data were presented according to the accrual concept.

 

Data for 2001 and 2002 are not fully methodologically comparable. It has to be taken into account in the interpretation of results and monitoring time series (changes in the bookkeeping system of the Budget and budgetary users).

 

Gross fixed capital formation data were calculated by means of a commodity flow method, using data for production and imports of capital goods and construction activity.

 

Changes in inventories in all quarters from 2000 to 2008 were calculated by using data from the Quarterly Statistical Report on Business Results of Entrepreneurs. Statistical discrepancy is included in this category (difference between GDP production and expenditure approach).

 

Imports and exports of goods and services are based on the CNB balance of payments data of the Central National Bank.

 

2. Constant prices

 

Individual components of the GDP by expenditure category at constant prices were calculated by deflating the current market price data, using indices at prices of the previous year. .

 

Data on household consumption at constant prices were calculated by using adequate CPI sub-indices.

 

For government expenditures, an assumption of constant productivity was applied, so that the wage and salary indices at constant prices were calculated by dividing the data on current expenditures on wages and salaries by indices of the number of persons employed. Expenditures on other goods and services were deflated by using adequate CPI sub-indices and industrial producers' price indices.

 

Gross fixed capital formation data were deflated by domestic and import prices of capital goods and the implicit deflator for construction activity by production approach.

 

Changes in inventories of final goods and work in progress were deflated by prices of industrial products. Changes in inventories of raw materials were deflated by industrial producers' price indices and import prices of raw materials. For deflation of changes in inventories of goods purchased for resale, a relevant CPI was used.

 

 

Imports and exports of goods were deflated by using Fisher-type unit value indices. Exports of services were deflated by relevant price indices for goods on the domestic market. Imports of services were deflated by relevant prices indices on the markets of the most significant trading partner countries.

 

Production approach

 

1. Current prices

 

The calculation of the gross value added at current prices is based primarily on the results of the quarterly survey of revenues and expenditures (abbreviated profit and loss statement and selected balance sheet items) on business entities. The quarterly statistical report has been introduced since the first quarter of 1999 and covers five different groups of legal entities: enterprises, insurance companies, banks and other financial institutions, non-profit organisations and budgetary users. The calculation was done for each group at the 2-digit NKD 2002. level.

 

The estimates for certain components that are not covered by the quarterly survey (such as unincorporated businesses and non-market production of agricultural products) are based on the last available quarterly data and all relevant indicators.

 

Data on taxes and subsidies on products are taken from the data of the Ministry of Finance.

 

The gross domestic product at market prices was derived from the gross value added at basic prices by adding taxes less subsidies on products to the latter total.

 

2. Constant prices

 

The calculation of GVA in constant prices is done at prices of the previous year and at constant prices of the referent year (2000 = 100).

 

For the compilation, various surveys of the Central Bureau of Statistics were used as well as the Quarterly Statistical Report for Enterprises, Banks and Other Financial Institutions, Insurance, Non-profit Organisations and Budgetary Users, a quarterly survey introduced in the first quarter of 1999, which is conducted by the Financial Agency.

 

For the activities for which adequate volume indices are available (agriculture, industry, construction), the compilation was done at the
2-digit NKD 2002. level through these indices.

 

Physical indicators (transport, telecommunication) or turnover data (hotels and restaurants, trade) at the 3-digit NKD 2002. level were used for those activities.

 

Input indicators (number of employed persons in most cases) at the 4-digit NKD 2002. level were used for most other service activities.

 

Abbreviations

 

CPI              Consumer price indices

FISIM          Financial intermediate services indirectly measured

GDP            Gross domestic product

GVA            Gross value added

NACE          Statistical Classification of Economic Activities in the
                    European Community

NKD 2002.  National Classification of Activities, 2002 version

NPISH         Non Profit Institutions Serving Households

PRODCOM Products of the European Community

 

Symbols

 

-  no occurrence