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
Second quarter of 2019*
Agriculture, forestry and fishing A 942.009 365.053 4.228 492.792 1 065.520 x x
Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities B_E 5 839.941 2 997.202 120.128 23.727 2 746.337 x x
Construction F 1 218.268 681.697 1.611 0.000 534.960 x x
Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities G_I 5 358.822 2 798.181 143.030 29.119 2 446.730 x x
Information and communication J 1 516.701 1 089.978 21.009 5.822 411.536 x x
Financial and insurance activities K 1 564.912 500.301 307.554 0.000 757.057 x x
Real estate activities L 2 811.534 117.153 1.039 0.000 2 693.342 x x
Professional, scientific and technical activities; administrative and support service activities M_N 1 421.164 1 081.113 6.851 0.009 333.209 x x
Public administration and defence; compulsory social security; education; human health and social work activities O_Q 3 890.141 2 993.745 31.160 88.691 953.927 x x
Arts, entertainment and recreation, repair of household goods and other services R_U 494.917 314.341 3.100 7.554 185.030 x x
Total Economic А+...+U 25 058.409 12 938.764 639.710 647.714 12 127.648 x x

* Preliminary data
05.09.2019
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" (SNA2008), 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 ( labour 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 ESA2010 - enterprise, household, public institution

Statistical population

Economic territory of the country

Reference area

Bulgaria

Time coverage

1995 - Forth Quarter 2018* * Preliminary data

Base period

Not applicable.

Unit of measure

Million BGN

Reference period

Quarter

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. Statistics are published 70 days 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

Quarterly

Accessibility and clarity
News release

Not applicable.

Publications
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 Income approach - Total of economy: http://www.nsi.bg/en/node/5507

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

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

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 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

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
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

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