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FIRST RELEASE |
CROATIAN BUREAU OF STATISTICS ISSN 1334-0565 |
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YEAR: XLVI. |
ZAGREB, 26 MARCH, 2010 |
NUMBER: 12.1.1/4. |
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OBLIGED TO NOTIFY DATA SOURCE |
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QUARTERLY GROSS DOMESTIC PRODUCT ESTIMATE
FOURTH QUARTER OF 2009
The estimation of quarterly gross domestic product (GDP) for the fourth 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 reference year (2000 = 100). Data series have been adjusted according to the annual GDP calculation for the period from 2000 to 2005.
The preliminary estimation of GDP for the whole 2009, calculated as a sum of four quarters, is presented in the same release.
Data for 2006, 2007, 2008 and 2009 are preliminary. They were calculated as a sum of four quarters.
The gross domestic product decreased in real terms by 4.5% in the fourth 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 7.5%. The decrease of the gross fixed capital formation was 11.3%. The exports of goods and services decreased by 11.2% and the imports of goods and services by 12.4%. The final consumption expenditure of general government decreased by 3.3%.
The gross domestic product decreased in real terms by 5.8% in 2009, as compared to 2008.
The final consumption expenditure of households decreased by 8.5%. The decrease of the gross fixed capital formation was 11.8%. The exports of goods and services decreased by 16.2% and the imports of goods and services by 20.7%. The final consumption expenditure of general government increased by 0.2%.
The gross value added (GVA) decreased in real terms by 4.2% in the fourth quarter of 2009, as compared to the corresponding quarter of the previous year.
The decrease of the GVA in real terms was due to a decrease in the gross value added recorded in Mining and quarrying, Manufacturing and Electricity, gas and water supply (7.0%), Construction (13.4%), Wholesale and retail trade (13.3%), Hotels and restaurants (5.0%) and Transport, storage and communication (7.4%), as compared to the corresponding quarter of the previous year.
The GVA in real terms increased in Agriculture by 3.2%, in Financial intermediation as well as in Real estate, renting and business activities by 1.5% and in Public administration and defence; compulsory social security, Other community, social and personal services and Activities of households by 0.2%, as compared to the corresponding quarter of the previous year.
The gross value added decreased in real terms by 4.0% in 2009, as compared to 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 |
Imports
of goods |
Gross domestic product (market prices) |
|
|
Households |
Government |
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|
1 |
2 |
3 |
4 |
5 |
6 |
7=1+2+3+4+5-6 |
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|
|
|
|
|
|
|
|
|
|
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 |
|
2009. |
189 638 |
65 664 |
82 259 |
6 573 |
120 197 |
131 268 |
333 063 |
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|
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|
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|
|
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 |
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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 |
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2009. |
|
|
|
|
|
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|
|
I. – III. |
46 474 |
16 201 |
19 644 |
5 156 |
22 253 |
31 860 |
77 867 |
|
IV. – VI. |
49 205 |
16 526 |
21 968 |
3 393 |
27 582 |
34 047 |
84 627 |
|
VII. - IX. |
44 576 |
16 301 |
21 320 |
-4 043 |
44 036 |
32 813 |
89 375 |
|
X. – XII. |
49 383 |
16 637 |
19 328 |
2 068 |
26 326 |
32 547 |
81 194 |
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 |
Imports
of goods |
Gross domestic product (market prices) |
|
|
Households |
Government |
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|
1 |
2 |
3 |
4 |
5 |
6 |
7=1+2+3+4+5-6 |
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|
2007. |
183 422 |
54 885 |
79 679 |
8 122 |
129 598 |
153 697 |
302 007 |
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2008. |
190 502 |
59 375 |
89 148 |
9 760 |
136 792 |
163 941 |
321 636 |
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2009. |
185 101 |
63 659 |
83 192 |
6 580 |
120 231 |
136 491 |
322 273 |
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2007. |
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|
|
|
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|
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 |
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X. – XII. |
49 405 |
14 269 |
19 359 |
1 630 |
28 391 |
39 277 |
73 777 |
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2008. |
|
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|
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|
|
|
|
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 |
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2009. |
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|
I. – III. |
45 695 |
15 856 |
19 444 |
5 102 |
22 519 |
32 382 |
76 235 |
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IV. – VI. |
47 427 |
16 298 |
23 004 |
3 373 |
27 808 |
35 779 |
82 131 |
|
VII. – IX. |
43 612 |
15 407 |
21 311 |
-3 919 |
43 154 |
33 823 |
85 742 |
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X. – XII. |
48 368 |
16 097 |
19 433 |
2 023 |
26 751 |
34 508 |
78 164 |
1.3. REAL GROWTH RATES, comparison with corresponding quarter of previous year
%
|
|
Final consumption expenditure |
Gross
fixed capital |
Exports
of goods |
Imports
of goods |
Gross domestic product (market prices) |
|
|
Households |
Government |
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2007. |
6,2 |
3,4 |
6,5 |
4,3 |
6,5 |
5,5 |
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2008. |
0,8 |
1,9 |
8,2 |
1,7 |
3,6 |
2,4 |
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2009. |
-8,5 |
0,2 |
-11,8 |
-16,2 |
-20,7 |
-5,8 |
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2007. |
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I. – III. |
7,6 |
2,8 |
11,2 |
1,6 |
4,3 |
7,0 |
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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 |
|
IV. – VI. |
-9,4 |
1,2 |
-12,7 |
-19,8 |
-24,7 |
-6,3 |
|
VII. – IX. |
-6,9 |
-0,6 |
-10,5 |
-17,6 |
-23,5 |
-5,7 |
|
X. – XII. |
-7,5 |
-3,3 |
-11,3 |
-11,2 |
-12,4 |
-4,5 |
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 |
Imports
of goods |
Gross domestic product (market prices) |
|
|
Households |
Government |
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|
|
|
|
|
|
|
|
|
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 |
|
2009. |
143 144 |
44 809 |
62 797 |
4 657 |
94 404 |
114 458 |
234 925 |
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|
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|
|
|
|
|
|
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 |
|
IV. – VI. |
36 676 |
11 472 |
17 364 |
2 388 |
21 835 |
30 003 |
59 871 |
|
VII. – IX. |
33 726 |
10 845 |
16 086 |
-2 774 |
33 884 |
28 363 |
62 503 |
|
X. – XII. |
37 404 |
11 331 |
14 669 |
1 432 |
21 004 |
28 937 |
56 979 |
2.1. QUARTERLY GROSS VALUE ADDED AND GROSS DOMESTIC PRODUCT, current prices
Million kuna
|
|
NKD 2002.1) |
Gross
value |
Taxes
on |
Gross
|
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|
A, B |
C, D, E |
F |
G |
H |
I |
J, K |
L, M, N, O, P |
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|
Agriculture,
|
Mining
and |
Construction |
Wholesale
and |
Hotels
and |
Transport, |
Financial
|
Public
administration |
||||
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 = (1do8) |
10 |
11 = 9 + 10, |
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|
|
|
|
|
|
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 |
|
2009. |
19 512 |
55 549 |
23 189 |
31 691 |
12 849 |
24 216 |
70 847 |
52 241 |
290 093 |
42 970 |
333 063 |
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2007. |
|
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|
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|
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|
|
|
|
|
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 |
|
IV. – VI. |
5 299 |
14 318 |
6 353 |
8 314 |
3 571 |
6 021 |
17 907 |
12 715 |
74 496 |
10 131 |
84 627 |
|
VII. – IX. |
4 926 |
14 797 |
5 826 |
8 686 |
5 821 |
7 295 |
16 716 |
13 227 |
77 294 |
12 081 |
89 375 |
|
X. – XII. |
4 913 |
12 690 |
4 854 |
7 227 |
1 956 |
5 832 |
18 995 |
12 915 |
69 383 |
11 812 |
81 194 |
1) National Classification of Activities, 2002 version
2.2. QUARTERLY GROSS VALUE ADDED, constant prices of previous year
Million kuna
|
|
NKD 2002.1) |
Gross
value |
|||||||
|
A, B |
C, D, E |
F |
G |
H |
I |
J, K |
L, M, N, O, P |
||
|
Agriculture,
|
Mining
and |
Construction |
Wholesale
and |
Hotels
and |
Transport, |
Financial
|
Public
administration |
||
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 = (1do 8) |
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|
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 |
|
2009. |
19 414 |
54 670 |
23 147 |
30 962 |
12 418 |
23 850 |
68 698 |
50 411 |
283 570 |
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
IV. – VI. |
4 846 |
14 112 |
6 267 |
8 049 |
3 381 |
6 092 |
17 119 |
12 572 |
72 437 |
|
VII. – IX. |
4 790 |
13 859 |
5 762 |
8 791 |
5 506 |
6 386 |
17 683 |
12 784 |
75 562 |
|
X. – XII. |
5 084 |
13 065 |
5 068 |
7 202 |
1 837 |
5 689 |
17 091 |
12 389 |
67 425 |
1) National Classification of Activities, 2002 version
2.3. REAL GROWTH RATES, comparison with corresponding quarter of previous year
%
|
|
NKD 2002.1) |
Gross
value |
|||||||
|
A, B |
C, D, E |
F |
G |
H |
I |
J, K |
L, M, N, O, P |
||
|
Agriculture,
|
Mining
and |
Construction |
Wholesale
and |
Hotels
and |
Transport, |
Financial
|
Public
administration |
||
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
2009. |
2,1 |
-8,5 |
-6,1 |
-14,3 |
-2,9 |
-6,4 |
1,4 |
1,1 |
-4,0 |
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
IV. – VI. |
4,1 |
-8,5 |
-3,2 |
-16,4 |
-2,3 |
-6,2 |
1,6 |
1,2 |
-3,9 |
|
VII. – IX. |
1,7 |
-8,1 |
-6,8 |
-12,5 |
-2,1 |
-6,8 |
1,2 |
1,1 |
-4,0 |
|
X. – XII. |
3,2 |
-7,0 |
-13,4 |
-13,3 |
-5,0 |
-7,4 |
1,5 |
0,2 |
-4,2 |
1) National Classification of Activities, 2002 version
2.4. QUARTERLY GROSS VALUE ADDED, constant prices of previous year, 2000 referent year
Million kuna
|
|
NKD 2002.1) |
Gross
value |
|||||||
|
A, B |
C, D, E |
F |
G |
H |
I |
J, K |
L, M, N, O, P |
||
|
Agriculture,
|
Mining
and |
Construction |
Wholesale
and |
Hotels
and |
Transport, |
Financial
|
Public
administration |
||
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
2009. |
14 641 |
41 741 |
14 104 |
25 933 |
8 559 |
20 634 |
38 681 |
33 894 |
200 577 |
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
IV. – VI. |
3 654 |
10 774 |
3 819 |
6 742 |
2 330 |
5 271 |
9 639 |
8 453 |
51 237 |
|
VII. – IX. |
3 612 |
10 582 |
3 511 |
7 363 |
3 795 |
5 525 |
9 956 |
8 596 |
53 447 |
|
X. – XII. |
3 834 |
9 975 |
3 088 |
6 033 |
1 266 |
4 921 |
9 623 |
8 330 |
47 691 |
1) National Classification of Activities, 2002 version
NOTES ON METHODOLOGY
This release presents the data series on the gross domestic product (GDP) for the Republic of Croatia in the period from the first quarter of 2007 to the fourth 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 2009 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 Companies, Non-profit Organisations, Budgets 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