GDP by Income approach - Total of economy



GDP - Income approach
GENERATION OF INCOME ACCOUNT - TOTAL ECONOMY, CURRENT PRICES
(million levs)
Economic sectors and economic activity groupings NACE
Rev. 2
A10
Gross Value Added Compensation of employees Other taxes on production Other subsidies on production Gross operating surplus/Gross mixed income Consumption of fixed capital Net operating surplus/Net mixed income
2018*
Agriculture, forestry and fishing A 3 936.742 1 229.279 6.423 1 894.228 4 595.268 x x
Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities B_E 21 642.384 11 210.015 222.763 47.968 10 257.573 x x
Construction F 3 996.343 2 376.463 3.343 0.000 1 616.538 x x
Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities G_I 21 129.221 10 015.672 230.242 58.870 10 942.177 x x
Information and communication J 5 753.049 3 623.882 42.587 11.770 2 098.350 x x
Financial and insurance activities K 6 389.903 1 920.828 288.890 0.000 4 180.185 x x
Real estate activities L 9 770.408 499.436 2.458 0.000 9 268.515 x x
Professional, scientific and technical activities; administrative and support service activities M_N 5 645.185 3 837.671 14.691 0.018 1 792.842 x x
Public administration and defence; compulsory social security; education; human health and social work activities O_Q 13 216.554 10 619.062 44.081 179.304 2 732.716 x x
Arts, entertainment and recreation, repair of household goods and other services R_U 2 033.135 1 171.206 4.955 15.271 872.246 x x
Total Economic А+...+U 93 512.924 46 503.513 860.433 2 207.429 48 356.409 x x

* Preliminary data.
07.03.2019
GDP - Income 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 are 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" (ESA 2010), an issue of EUROSTAT. Main macroeconomic indicator of the system of national accounts is the gross domestic product (GDP).

The method of income is an integral part of the accounts for the primary distribution of income. Approach reflects income as an element of the value added created in the production process. Balance sheet item of income approach is the gross operating surplus / mixed income.

Classification system

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

Sector coverage

Total economy

Statistical concepts and definitions

The Generation of Income account is compiled in parallel with the Production account and shows the activity, economic and institutional sector in which the primary incomes originate. Gross value added is the resource of this account.

Scheme for the calculation of GDP by the value method is as follows:

Gross domestic product (market prices ) :

+ Compensation of employees ( labor costs and social security )

+ Net other taxes on production and imports (taxes - subsidies on production and imports )

+ Gross operating surplus / mixed income

+ Adjustments

Components of the value method are grouped by economic sector,

sectors and can only be assessed at current prices as follows:

Compensation of employees comprising two main components:

  • Salaries and wages;
  • Social security contributions paid by the employer.

Wages include all charges by the employer in cash and in kind, and all payments under employment legislation by reason of the employees work in the period before the payments made for income tax.

Social security contributions paid by the employer are payments for social security in order to secure funds for the payment of pensions, social benefits. These payments include social security contributions (actual and imputed), the contributions payable by the employer including health insurance contributions. Their size is defined as a percentage of the gross wage.

Other net taxes (taxes less subsidies) on production and imports are included as a component of value added by industry and are related to the production as a whole, not compensated by the employer payments to the state budget, less subsidies on production, provide business units.

Gross operating surplus / mixed income is the balancing item in the value method. It is a measure of the production activities of the business units. In unincorporated enterprises owned by households, this balancing item is called mixed income and contains as an element profits and remuneration for work by the owner himself or members of his family. Position can be represented in gross or net terms regarding the consumption of fixed capital (depreciation).

Statistical unit

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

Statistical population

Economic territory of the country

Reference area

Bulgaria

Time coverage

1995 - 2018

Base period

Not applicable.

Unit of measure

Million BGN

Reference period

Year

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

Date of publication of statistical information is available in the Calendar for the results of statistical surveys of NSI. Statistical information is published annually: 9months after 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

Annually

Accessibility and clarity
News release

Not applicable.

Publications

· Publication "Main Macroeconomic Indicators";

· Statistical Yearbook;

· Statistical Reference book;

· Electronic publication.

On-line database

Data are available to all users of the NSI website under the heading Macroeconomic statistics -Gross Domestic Product - Annual data - GDP by Income approach - Total of economy: http://www.nsi.bg/en/node/5487

Micro-data access

Not applicable.

Other
Documentation on methodology

European System of Accounts (2010) (Eurostat).

Quality documentation
Quality management
Quality assurance

· European Statistics Code of Practice;

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

Quality assessment

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.

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

· 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.

Punctuality
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
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

Sources of data are statistical surveys are annual accounts of economic units and administrative data:

  • Income and expenses, including statistical annexes;
  • Labour Force Survey;
  • Annual statistical report on employees and wages and salary;
  • Consolidated Statement of implementation of the state budget;
  • Tax information
Frequency of data collection

Yearly

Data collection

Exhaustively for all units

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

Not applicable.

Comment
Download in SDMX 2.1 file format: GDP - Income 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: GDP - Income approach - Total of economy - GDP
Metadata Structure Definition in SDMX 2.0: ESMS_MSD+BNSI+2.0+SDMX.2.0.xml

Pages

Pages