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 2015 prices** Volume index*** (previous year=100)
Second quarter of 2019*
(million BGN) (million BGN) (million BGN) (%)
Agriculture, forestry and fishing A 885 834 932 104.5
Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities B_E 5 545 5 516 5 213 101.6
Construction F 1 211 1 104 922 106.6
Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities G_I 5 583 5 486 4 664 101.7
Information and communication J 1 703 1 626 1 408 103.1
Financial and insurance activities K 1 551 1 317 1 231 106.9
Real estate activities L 2 895 2 885 2 739 106.4
Professional, scientific and technical activities; administrative and support service activities M_N 1 552 1 417 1 259 105.0
Public administration and defence; compulsory social security; education; human health and social work activities O_Q 4 039 3 422 2 958 106.7
Arts, entertainment and recreation, repair of household goods and other services R_U 523 462 453 108.8
Total Economic А+...+U 25 486 24 069 21 776 103.8
Adjustments (taxes less subsidies on products )   4 047 3 812 3 374 103.4
Gross Domestic Product   29 533 27 881 25 150 103.8

* 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 2015; for more information, see Price and Volume Measures (Methodological notes)
17.10.2019
Gross Domestic Product - production approach - Total of economy - GDP
Contact
Contact organisation

National Statistical Institute

Contact organisation unit

„Non-Financial National and Regional Accounts“

Contact name

Elena Bakalova

Contact person function

methodology

Contact mail address

2 P. Volov Str., Sofia 1038

Contact email address

[email protected]

Contact phone number

+359 2 9857 540

Contact fax number
Metadata update
Metadata last certified22 August 2019
Metadata last posted22 August 2019
Metadata last update22 August 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 - Second quarter 2019* * 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
Punctuality

The data transmitted to Eurostat are in compliance with National Accounts Data Distribution Program Annex B and respective derogations for the country.

Coherence and comparability
Comparability - geographical

The comparability is ensured  through the implementation of common definitions of ESA 2010.

Comparability - over time

By using a common framework of the European System of Accounts  ESA 2010, the data can be comparable over time.

Coherence - cross domain

In certain cases, data from other domains of economic statistics, i.e. balance of payments statistics, business statistics, household budget statistics or external trade statistics can be used for cross-checking purposes. These economic statistics are also available from the appropriate domains on the NSI website.

Coherence - internal

Quarterly data for all sub domains of national accounts should be coherent.

Cost and burden
Data revision
Data revision - policy

In practice, the system of national accounts, there are two main types of revisions. 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

National accounts data are subject to continuous routine revisions as new input data becomes available. This will typically also entail revisions of the national accounts aggregates, which are derived from these data. In BG national accounts two types of revisions are: regular –  preliminary, final data; and main - based on implementation of new methodology or GNI reservations.

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
Gross Domestic Product - production approach - Total of economy - GDP
Contact
Contact organisation

National Statistical Institute

Contact organisation unit

„Non-Financial National and Regional Accounts“

Contact name

Elena Bakalova

Contact person function

methodology

Contact mail address

2 P. Volov Str., Sofia 1038

Contact email address

[email protected]

Contact phone number

+359 2 9857 540

Contact fax number
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 - Second quarter 2019* * Preliminary data

Base period

2010

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.

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
Data completeness - rate
Accuracy and reliability
Overall accuracy
Sampling error
Sampling errors - indicators
Non-sampling error
Coverage error
Over-coverage - rate
Common units - proportion
Measurement error
Non response error
Unit non-response - rate
Item non-response - rate
Processing error
Imputation - rate
Model assumption error
Seasonal adjustment
Data revision - policy

In practice, the system of national accounts, there are two main types of revisions. 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

National accounts data are subject to continuous routine revisions as new input data becomes available. This will typically also entail revisions of the national accounts aggregates, which are derived from these data. In BG national accounts two types of revisions are: regular –  preliminary, final data; and main - based on implementation of new methodology or GNI reservations.

Data revision - average size
Timeliness and punctuality
Timeliness
Time lag - first results

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

Time lag - final results

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

Punctuality

The data transmitted to Eurostat are in compliance with National Accounts Data Distribution Program Annex B and respective derogations for the country.

Punctuality - delivery and publication
Coherence and comparability
Comparability - geographical

The comparability is ensured  through the implementation of common definitions of ESA 2010.

Asymmetry for mirror flows statistics - coefficient
Comparability - over time

By using a common framework of the European System of Accounts  ESA 2010, the data can be comparable over time.

Length of comparable time series
Coherence - cross domain

In certain cases, data from other domains of economic statistics, i.e. balance of payments statistics, business statistics, household budget statistics or external trade statistics can be used for cross-checking purposes. These economic statistics are also available from the appropriate domains on the NSI website.

Coherence - sub annual and annual statistics
Coherence - National Accounts
Coherence - internal

Quarterly data for all sub domains of national accounts should be coherent.

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

Data tables - consultations
Micro-data access

Not applicable.

Other
Metadata - consultations
Documentation on methodology

European system of accounts (ESA 2010)

Metadata completeness – rate
Quality documentation
Cost and burden
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
Comment
Metadata Structure Definition in SDMX 2.1: ESQRS_MSD+BNSI+2.0+SDMX.2.1.xml
Metadata Structure Definition in SDMX 2.0: ESQRS_MSD+BNSI+2.0+SDMX.2.0.xml

Pages

Pages