National Statistical Institute
|Contact organisation unit|
"Non-Financial National Accounts"
|Contact person function|
Head of department
|Contact mail address|
2 P. Volov Str., Sofia 1038
|Contact email address|
|Contact phone number|
+359 2 9857 623
|Contact fax number|
|Metadata last certified||07 March 2019|
|Metadata last posted||07 March 2019|
|Metadata last update||07 March 2019|
National accounts for Bulgaria compiled according to the main methodological recommendations of the documents "System of National Accounts, 2008" (SNA 2008), 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 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.
|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.
Institutional unit under ESA 2010 - enterprise, household, public institution
Economic territory of the country.
1995 - 2018
|Unit of measure|
|Legal acts and other agreements|
REGULATION (EU) No 549/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
Eurostat program to provide data on national accounts, the IMF, the UN
|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|
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: 9 months after the reporting period.
|Release calendar access|
The calendar is available on the NSI website: http://www.nsi.bg/en/node/480
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|
|Accessibility and clarity|
· Publication "Main Macroeconomic Indicators";
· Statistical Yearbook;
· Statistical Reference book;
· Electronic publication.
Data are available to all users of the NSI website under the heading Macroeconomic statistics - Gross Domestic Product - Annual data - GDP by Production approach - Total of economy: http://www.nsi.bg/en/node/5484
|Documentation on methodology|
European system of accounts (ESA 2010)
· European Statistics Code of Practice;
· Common framework for quality management in the National Statistical System.
Monitoring of Eurostat data quality in the field of national accounts - report description of sources and methods for the development of GDP, GNI / validation procedures / Questionnaire on the implementation of the principles of the European Statistics Code of Practice.
|Accuracy and reliability|
|Timeliness and punctuality|
· Final data - balance sheets "Resource-Use" - T +3 years.
|Coherence and comparability|
|Comparability - geographical|
|Comparability - over time|
|Coherence - cross domain|
Additional information on other indicators in national accounts is available in other subject areas related to national accounts.
|Coherence - internal|
|Cost and burden|
|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:
- Flash estimates of GDP - T +42-43 days after the reporting period
- Current quarterly estimates of GDP - T +65 days after the reporting period
· Final data - balance sheets " Resource - Use" - T +3 years
Sources of data are statistical surveys, annual accounts of economic units and administrative data:
- Observations of household budgets;
- Observations of the situation and business statistics;
- Observations on private farms;
- Annual report of non-financial corporations;
- Annual report of non-profit organizations;
- Annual report of banking institutions;
- Annual report of insurance companies and pension funds;
- Annual report of other financial intermediaries;
- Consolidated reports on implementation of the state budget;
- Customs information;
- Tax Information;
- Balance of Payments.
|Frequency of data collection|
Exhaustively on an annual basis
Implementation of validated procedures for assessing data quality.
Implementation of validated procedures for assessing the quality of data and the development of estimation of the completeness of the data.
GDP by Production approach – Total of economy (Annual data)
Download in SDMX 2.1 file format: Gross Domestic Product - production approach - Total of economy - GDP
Metadata Structure Definition in SDMX 2.1: ESMS_MSD+BNSI+2.0+SDMX.2.1.xml
Download in SDMX 2.0 file format: Gross Domestic Product - production approach - Total of economy - GDP
Metadata Structure Definition in SDMX 2.0: ESMS_MSD+BNSI+2.0+SDMX.2.0.xml