GDP by Production approach – Total of economy



GROSS DOMESTIC PRODUCT - PRODUCTION APPROACH
Economic sectors and economic activity groupings
(NACE rev. 2)
А10 Gross Value Added
current prices previous year prices at average 2010 prices** Volume index*** (previous year=100)
Fourth quarter of 2018*
(million BGN) (million BGN) (million BGN) (%)
Agriculture, forestry and fishing A 775 810 660 98.9
Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities B_E 5 262 5 190 4 109 100.3
Construction F 792 753 866 106.6
Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities G_I 6 623 6 243 5 049 101.6
Information and communication J 1 666 1 644 1 393 103.9
Financial and insurance activities K 1 798 1 809 1 659 110.9
Real estate activities L 2 490 2 424 2 577 109.7
Professional, scientific and technical activities; administrative and support service activities M_N 1 767 1 773 1 428 100.6
Public administration and defence; compulsory social security; education; human health and social work activities O_Q 3 827 3 733 2 820 103.0
Arts, entertainment and recreation, repair of household goods and other services R_U 786 754 687 100.1
Total Economic А+...+U 25 785 25 133 21 382 103.0
Adjustments (taxes less subsidies on products)   4 028 3 862 3 625 103.1
Gross Domestic Product   29 813 28 995 24 992 103.0

* Preliminary data.
** Data are calculated according the annual overlap technique. Aggregates are non additive.
*** The volume indices are calculated based on the values of the corresponding indicator at constant prices of 2010; for more information, see Price and Volume Measures (Methodological notes)
07.03.2019
Gross Domestic Product - production approach - Total of economy - GDP
Contact
Contact organisation

National Statistical Institute

Contact organisation unit

"Non-Financial National Accounts"

Contact name

Milen Kolev

Contact person function

Head of department

Contact mail address

2 P. Volov Str., Sofia 1038

Contact email address

[email protected]

Contact phone number

+359 2 9857 623

Contact fax number
Metadata update
Metadata last certified07 March 2019
Metadata last posted07 March 2019
Metadata last update07 March 2019
Statistical presentation
Data description

National accounts for Bulgaria compiled according to the main methodological recommendations of the documents "System of National Accounts, 2008" (SNA2008), an issue of EUROSTAT, IMF, OECD, UN and the World Bank, and "European System of Accounts, 2010" (ESA2010), an issue of EUROSTAT.

Main macroeconomic indicators of the system of national accounts are the gross domestic product (GDP).

GDP by production method characterized the outcome of economic activity and is measured by the value added created during the production of goods and services by resident units within the economic territory of the country.

Classification system

· Classification of Economic Activities (CEA-2008, for international use NACE.BG-2008);

· Classification of Products by Economic Activities (CPEA-2008, for international use CPA.BG-2008);

· Nomenclature of Industrial Production (PRODCOM.BG);

· Classification of Individual Consumption According to Purpose (COICOP);

· Classification of the Functions of Government (COFOG);

· Classification of the Purposes of Non-Profit Institutions Serving Households (COPNI);

· Combined Nomenclature.

Sector coverage

Total economy

Statistical concepts and definitions

From the production side, GDP at market prices is calculated as a sum of the gross value added at basic prices for the economy as a whole and the adjustments. The latter includes net taxes on products, non-deductible VAT and import duties.

Gross output (at basic prices) is the value of goods and services produced as a result of the production activity of resident units in three months. It can be a market and non-market.

Market is the output that is sold or realized otherwise market or is intended for sale or exchange in future periods at prices significantly affect the market demand and supply and cover the costs of producing goods and services. This output is calculated as the sum of:

  • Net proceeds from sales (less the book value of goods sold );
  • Cost of acquisition of fixed assets by economic means;
  • Change in inventories of finished goods and work in progress.

As a result of the price changes the value of inventories of finished goods and work in progress accumulate so-called holding gains / losses. To eliminate its influence, the value of gross output is adjusted for holding gains / losses.

Is a non-market production, which is not intended for sale or other market conditions. It includes goods and services produced and used for their own final consumption or capital or provided for individual or collective consumption free of charge or at not economically significant prices.

This production is estimated as the sum of all current expenses ( materials for outside services, labor, social security , etc. ) used to produce it

Intermediate consumption includes the value of all goods and services, transformed or entirely consumed in the production process during the period, excluding consumption of fixed assets recorded as consumption of fixed capital (depreciation).

Intermediate consumption is valued at purchasers' prices ( buyer) and consists of:

· goods and services , transformed or entirely consumed in the production process;

· goods and services used by employees to mandatory or carrying out their work;

· tools and small equipment;

· Cost of repair and maintenance;

· payments for outsourced research services, staff training, market research, advertising, postal, telegraph and telephone services, rents, subscriptions and more.

Statistical unit

Institutional unit under ESA 2010 - enterprise, household, public institution

Statistical population

Economic territory of the country.

Reference area

Bulgaria

Time coverage

1995 - Forth quarter 2018* * Preliminary data

Base period

2010

Unit of measure

Million BGN

Reference period

Quarterly

Institutional mandate
Legal acts and other agreements

REGULATION (EU) No 549/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

Data sharing

Eurostat program to provide data on national accounts, the IMF, the UN

Confidentiality
Confidentiality - policy

· Law on Statistics;

· Regulation (EC) No 223/2009 on European statistics (recital 24 and Article 20(4)) of 11 March 2009 (OJ L 87, p. 164), stipulates the need to establish common principles and guidelines ensuring the confidentiality of data used for the production of European statistics and the access to those confidential data with due account for technical developments and the requirements of users in a democratic society.

Confidentiality - data treatment
Release policy
Release calendar

The date for publication of statistical information is listed in the Calendar presenting the results of the statistical surveys of NSI. Statistical information is published annually: 85days after the reporting period and 70days after the end of the reporting period.

Release calendar access

The calendar is available on the NSI website: http://www.nsi.bg/en/node/480

User access

Data is published on the NSI website, section Macroeconomic statistics - Gross Domestic Product in accordance with the Law on Statistics and the European Statistics Code of Practice respecting the professional independence and aimed at objectivity, transparency and equal treatment of all consumers.

Frequency of dissemination

Quarterly

Accessibility and clarity
News release

Press release

Publications

Not applicable.

On-line database

Data are available to all users of the NSI website under the heading Macroeconomic statistics - Gross Domestic Product - Quarterly data - GDP by Production approach  Total of economy: http://www.nsi.bg/en/node/5504

Micro-data access

Not applicable.

Other
Documentation on methodology

European system of accounts (ESA 2010)

Quality documentation
Quality management
Quality assurance

· European Statistics Code of Practice;

· Common framework for quality management in the National Statistical System.

Quality assessment

Questionnaire on the implementation of the principles of the European Statistics Code of Practice.

Relevance
User needs
User satisfaction
Completeness
Accuracy and reliability
Overall accuracy
Sampling error
Non-sampling error
Timeliness and punctuality
Timeliness

Quarterly estimation:

  • Flash estimates of GDP - from +42-43 days after the reporting period
  • Current quarterly estimates of GDP - T +65 days after the reporting period
Punctuality
Coherence and comparability
Comparability - geographical
Comparability - over time
Coherence - cross domain

Additional information on other indicators in national accounts are available in other subject areas related to national accounts.

Coherence - internal
Cost and burden
Data revision
Data revision - policy

In practice, the system of national accounts, there are two main types of revisions beyond the scope and content of the methods of seasonal adjustment. The first type of audits is ongoing, regular characterized by the presence of new or updated statistical information based on statistical surveys or administrative sources. The second type of revisions is related to a change in the methodology and calculation procedures for specific statistical indicators.

Data revision - practice

In line with Eurostat to provide data on national accounts and the National Statistical Programme of Bulgaria , GDP data are developed in the following intervals:

  • Quarterly estimates:

- Flash estimates of GDP - T +42-43 days after the reporting period

- Current quarterly estimates of GDP - T +65 days after the reporting period

  • The annual estimates - the sum of estimates of quarterly data - T +65 days after the reporting period
  • Updated annual data - T +9 months after the reporting period

· Final data - balance sheets " Resource - Use" - T +3 years

Statistical processing
Source data

Information sources for development are:

• Quarterly report;

• Statistical Annexes;

• Administrative data and balance sheet developments:

   - Consolidated reports on implementation of the state budget;

   - Customs information;

   - Tax Information;

   - Balance of Payments.

Frequency of data collection

Quarterly

Data collection

Quarterly data

Data validation

Implementation of validated procedures for assessing data quality.

Data compilation

Implementation of validated procedures for assessing the quality of data and the development of estimation of the completeness of the data.

Adjustment

Apply seasonal adjustment of the data using software Demeter.

Comment
Metadata Structure Definition in SDMX 2.1: ESMS_MSD+BNSI+2.0+SDMX.2.1.xml
Metadata Structure Definition in SDMX 2.0: ESMS_MSD+BNSI+2.0+SDMX.2.0.xml

Pages

Pages