GDP by Final Expenditure – Total of economy



GROSS DOMESTIC PRODUCT BY FINAL EXPENDITURE
GDP by Final Expenditure components current prices previous year prices at average 2010 prices** Volume index*** (previous year=100)
2018*
(million levs) (million levs) (million levs) (%)
Gross Domestic Product 107 925 104 156 89 777 103.1
Final Consumption Expenditure 84 648 81 692 74 283 106.0
Individual Consumption 75 464 73 188 66 967 106.0
of Households 66 179 64 522 59 790 106.3
of NPISH's 651 655 570 112.3
Individual of General Government 8 634 8 010 6 657 103.1
Collective 9 184 8 504 7 339 106.3
Gross Capital Formation 22 363 21 643 . .
Gross Fixed Capital Formation 20 549 19 938 17 659 106.5
Changes in Inventories 1 814 1 705 . .
Exports of Goods and Services 69 606 67 555 58 472 99.2
Goods 52 897 51 710 47 519 98.1
Services 16 709 15 845 11 191 103.1
Imports of Goods and Services 68 691 66 735 61 937 103.7
Goods 57 954 56 675 54 115 104.6
Services 10 738 10 060 7 761 99.0
Statistical Discrepancy . . . .

* Preliminary data.
** Data are calculated according the annual overlap technique. Aggregates are nonadditive.
*** The volume indices are calculated based on the values of the corresponding indicator at constant prices of 2010.
25.03.2019
Gross Domestic Product by Final Expenditure - 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 final expenditure is calculated as a sum of individual consumption(including final consumption expenditure of households, final consumption expenditure of non-profit institutions serving households, final government expenditure on individual consumption ), collective consumption (final cost to the government for collective consumption , which satisfy the needs of society as a whole), gross fixed capital formation(investments made in fixed assets), changes in inventories, net exports of goods and services(the difference between exports and imports of goods and services).

Classification system

Flows of products and services in the economic system of Bulgaria are structured based on national classifications consistent with the classification standards of the European System of Accounts 2010 (ESA 2010):Classification of Individual Consumption According to Purpose (COICOP);

· Classification of the Functions of Government (COFOG);

· Nomenclature of Industrial Production (PRODCOM.BG);

· Combined Nomenclature.

Sector coverage

Total of economy

Statistical concepts and definitions

GDP by the method of the costs of final use includes the following components:

Individual consumption of households, measured by :

Final consumption expenditure of households, covering the following items:

purchases of goods retailed incl. purchases between population purchases from catering and chairs, as well as pay for the repair of the goods;

  • Purchase of services - electricity, water and heat ;
  • transport and communication services, residential rents, educational services paid health services, services related to leisure, culture and sport;
  • insurance and other services;
  • goods produced by households for their own consumption, represented by unincorporated activities and natural products consumed by the population;
  • income in kind;
  • imputation of housing occupied by owners.

Individual consumption of households is calculated in accordance with the so-called national plan, i.e. includes consumption of residents abroad and excludes the use of non-residents. Since 1997, household consumption expenditures are estimated classification SOISOR - An international classification of consumer spending used in the SNA and ESA '93 '95. Household consumption expenditures are presented in 12 major sections.

Final consumption expenditure of government for Individual household for services provided include free services in health, social security, education, sport, culture and art. They are measured by the gross output of these activities, less the fees paid (if any) included in intermediate consumption of other sectors or in final consumption expenditure of households.

Final consumption expenditure of NPISHs is measured by the production of this institutional sector. This is the cost of union, religious, charitable and other non-profit organizations to provide goods and services to households free or at not economically significant prices.

Data on final consumption expenditure of households follow internationally accepted national concept in terms of consumption expenditure of foreign tourists in Bulgaria and the Bulgarians abroad. According to it, the cash expenditure of foreign tourists in the country are recognized in the revenue side of the balance as exports of goods and services , and monetary costs of Bulgarian citizens abroad are recognized in the expenditure side of the balance as imports of goods and services. The application of this methodological principle does not change the level of GDP, as it affects both besides the assessment of final consumption, and trade the balance of goods and services.

Collective consumption is measured by final government expenditure on collective services provided to the public as a whole. Includes Maintenance of the settlements made by the municipalities, basic research, public administration, defense and security.

They are measured by the volume of their gross output less the value from the fees paid for services element of final consumption expenditure of households.

Gross fixed capital formation includes the cost of acquiring these types of long-term financial assets, including the increase in construction in progress:

  • fixed assets, including perennials, productive livestock, buildings, machinery and equipment, vehicles, furniture and fixtures;
  • intangible assets such as software, prospecting and exploratory work, design and more.

These are investments made for the purchase of assets reused in the manufacturing process for an extended period of time (over a year).

According to the methodology acquired existing assets remain outside the scope of the indicator, as the value of the cost of distribution and installation of existing assets affects the amount of gross fixed capital formation.

Elements of gross fixed capital formation are valued at purchasers' prices when they are bought, and the basic price if they are produced for own consumption.

Changes in inventories include:

  • Change in inventories of raw materials, work in progress, finished goods and goods for resale businesses, young animals and animals for fattening. The assessment relates to their physical growth (reduction), i.e. the size of the holding gains / losses accumulated as a result of price changes rather than the actual production process;
  • Changes in inventories of households resulting from unincorporated activities.

Annual estimates of changes in inventories and holding gains and losses are made as the sum of the quarterly estimates.

For inventories of finished goods and work in progress, holding gains and losses are eliminated from estimates of production in the production account. Intermediate consumption is adjusted by the value of holding gains for raw materials. Changes in inventories as part of GDP by expenditure method for final use is calculated excluding holding gains and losses for the four groups of stocks.

Estimates of changes in inventories without holding gains / losses are made in the following manner:

The holdings of stocks by type and activity at the beginning and end of a given quarter are deflated with specific price indices, which are converted into average prices of the previous year. The difference between the deflated values (end minus beginning of the period) is an assessment of physical change in inventories at constant prices without holding gains / losses. Assessment of changes in stocks at the prices of the quarter is obtained through inflated the valuation at constant prices, a price index for the quarter.

The foreign trade balance (exports minus imports of goods and services) as a component of GDP by final use is the difference between the value of exported and imported goods and services. Exports and imports of goods are recorded at prices FOB.

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

2010

Unit of measure

Million BGN

Reference period

Yearly

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 of publication of statistical information available is in the Calendar for the results of 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

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

Yearly

Accessibility and clarity
News release

Press Release

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 Final Expenditure - Total of economy: http://www.nsi.bg/en/node/5490

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 rates:
    - 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, annual accounts of economic units and administrative data:

  • Annual report of the enterprises, including statistical reports:

- Income and expenses, including statistical annexes;

- Report on production and sales of industrial production;

- Revenues of construction enterprises by types of construction;

- Sales of retail outlets by product groups;

  • Annual report of insurance companies and pension funds;

· Annual report of non-profit organizations;

· Observations of household budgets;

· Consolidated reports on implementation of the state budget;

· Customs information;

· Balance of Payments.

Frequency of data collection

Yearly

Data collection

Comprehensive

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
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