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
Fourth quarter of 2019*
Agriculture, forestry and fishing A 787.819 347.516 2.921 463.669 901.051 x x
Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities B_E 5 579.392 3 125.481 137.783 663.473 2 979.601 x x
Construction F 1 093.613 769.754 4.289 1.554 321.124 x x
Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities G_I 6 876.822 2 808.529 38.333 54.383 4 084.343 x x
Information and communication J 2 056.865 1 257.083 2.144 0.777 798.415 x x
Financial and insurance activities K 1 789.209 564.960 56.829 0.000 1 167.420 x x
Real estate activities L 2 660.664 161.335 20.909 0.000 2 478.420 x x
Professional, scientific and technical activities; administrative and support service activities M_N 2 088.654 1 181.698 4.289 9.323 911.990 x x
Public administration and defence; compulsory social security; education; human health and social work activities O_Q 4 564.472 3 457.195 2.413 45.837 1 150.701 x x
Arts, entertainment and recreation, repair of household goods and other services R_U 861.018 347.468 1.072 1.553 514.031 x x
Total Economic А+...+U 28 358.528 14 021.019 270.982 1 240.569 15 307.096 x x

* Preliminary data
21.05.2020
GDP - Income approach - Total of economy - GDP
Contact
Contact organisation

National Statistical Institute

Contact organisation unit

Non-financial National and Regional Accounts

Contact name

Polya Varbanova

Contact person function

chief expert

Contact mail address

2 P. Volov Str., Sofia 1038

Contact email address

[email protected]

Contact phone number

+359 2 9857 538

Contact fax number
Metadata update
Metadata last certified15 April 2020
Metadata last posted15 April 2020
Metadata last update15 April 2020
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

from 1995 (Infostat)

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
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 insured by the application of common definitions  of ESA 2010.

Comparability - over time

By using a common framework, the European System of Accounts  ESA 2010, 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 NSI's website.

Coherence - internal
Cost and burden
Data revision
Data revision - policy

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 major - based on implementation of new methodology or GNI reservations.

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
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
GDP - Income approach - Total of economy - GDP
Contact
Contact organisation

National Statistical Institute

Contact organisation unit

Non-financial National and Regional Accounts

Contact name

Polya Varbanova

Contact person function

chief expert

Contact mail address

2 P. Volov Str., Sofia 1038

Contact email address

[email protected]

Contact phone number

+359 2 9857 538

Contact fax number
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

from 1995 (Infostat)

Base period

Not applicable.

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
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

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 major - based on implementation of new methodology or GNI reservations.

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
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 insured by the application of common definitions  of ESA 2010.

Asymmetry for mirror flows statistics - coefficient
Comparability - over time

By using a common framework, the European System of Accounts  ESA 2010, 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 NSI's website.

Coherence - sub annual and annual statistics
Coherence - National Accounts

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

Coherence - internal
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

Data tables - consultations
Micro-data access

Not applicable.

Other
Metadata - consultations
Documentation on methodology

European System of Accounts (2010) (Eurostat).

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

Pages

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