Questionnaire 0101 - Gross value added at basic prices and gross domestic product at market prices

Statistical domain

National accounts - quality reports for the ESA 2010 Data Transmission Programme

ESS Standard for Quality Reports Structure (ESQRS)

Gross value added at basic prices and gross domestic product at market prices - Annual data
Contact
Contact organisation	National Statistical Institute of Bulgaria
Contact organisation unit	National Non-financial Accounts
Contact name	Marin Gergov Radostina Partinova Elena Bakalova Hadil Shehebar
Contact person function	Head of department State expert Chief expert Chief expert
Contact mail address	2 P. Volov Str., Sofia 1038
Contact email address	[email protected] [email protected] [email protected] [email protected]
Contact phone number	+359 2 9857 666 +359 2 9857 402 +359 2 9857 540 +359 2 9857 537
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" (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). 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	National accounts aggregates by industry (up to NACE A*64); Classification of Economic Activities (CEA-2008, for international use NACE.BG-2008). Nomenclature of Industrial Production (PRODCOM.BG); Classification of Individual Consumption According to Purpose (COICOP); Classification of the Purposes of Non-Profit Institutions Serving Households (COPNI); Combined Nomenclature. ESA2010 uses aggregation levels of the NACE Rev.2 classification to define industry breakdowns (NACE stands for Nomenclature générale des Activités économiques dans les Communautés Européennes). NACE Rev.2 is a classification of economic activities widely used in statistics and in other domains. Requirements for the transmission of NACE Rev.2 series have been specified in the Commission Regulation (EC) No 715/2010 of 10 August 2010
Sector coverage	National accounts describe the total economy of a country. All units that have their centre of predominant economic interest in the economic territory of that country are covered. Two of the most important breakdowns are the breakdown by institutional sector and the breakdown by NACE Rev. 2 activity. Concerning the institutional sector breakdown, ESA 2010 distinguishes five mutually exclusive domestic institutional sectors: (a) non-financial corporations; (b) financial corporations; (c) general government; (d) households; (e) non-profit institutions serving households. The five sectors together make up the total domestic economy. Each sector is also divided into subsectors. Regarding the activity breakdown, ESA 2010 applies NACE Rev.2. Activities can be broken down into several levels of detail, for example into 3, 10, 21, 38, 64 or 88 activities. At the 'highest' level a breakdown into 3 categories is defined: (a) agriculture, forestry and fishing; (b) mining and quarrying, manufacturing, electricity gas steam and air conditioning supply, water supply, sewerage, waste management and remediation activities, construction; (c) services. Annual national accounts refer to the whole economy, but breakdowns by sectors are provided by the annual sector accounts.
Statistical concepts and definitions	All statistical concepts and definitions to be used in national accounts are described in Annex A of the ESA 2010 Regulation (link to blue book on ESA 2010 methodology). The two main sets of tables concern: (a) the institutional sector accounts; (b) the input-output framework, and the accounts by industry. 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.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. Gross Value Added (GVA)= Output (P.1) less Intermediate consumption (P.2).
Statistical unit	National accounts aim to capture economic activity within the domestic territory. They combine data from a host of base statistics, and thus they have no common sampling reference frame. The elementary building blocks of ESA 2010 statistics are statistical units and their groupings. ESA 2010, defines two types of units, institutional units and local kind-of-activity units (ESA 2010, 1.54). Following the ESA 2010 2010 guidelines, in national accounts two types of units and two corresponding ways of subdividing the economy are used: (a) institutional unit; (b) local kind-of-activity unit (local KAU). The first type is used for describing income, expenditure and financial flows as well as balance sheets. The second type of units is used for the description of production processes and for input-output analysis. An institutional unit is an economic entity characterised by decision-making autonomy in the exercise of its principal function. A resident unit is regarded as constituting an institutional unit in the economic territory where it has its centre of predominant economic interest if it has decision-making autonomy and either keeps a complete set of accounts, or is able to compile a complete set of accounts. A local KAU groups all the parts of an institutional unit in its capacity as producer which are located in a single site or in closely located sites, and which contribute to the performance of an activity at the class level (four digits) of the NACE Rev. 2. An institutional unit comprises one or more local KAUs; a local KAU belongs to one and only one institutional unit.
Statistical population	The national accounts population of a country consists of all resident statistical units (institutional units or local KAUs, see section 3.5). A unit is a resident unit of a country when it has a centre of predominant economic interest on the economic territory of that country — that is, when it engages for an extended period (one year or more) in economic activities on this territory. National accounts combine data from many source statistics. The concept of statistical population is not applicable in a national accounts context.
Reference area	The reference area for national accounts is the total economy of a country. The total economy of a country can be broken down into regions. The NUTS classification provides a single, uniform breakdown of the economic territory of (the Member States of) the EU.
Time coverage	data starting from 1995
Base period	2010
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; LFS, Annual statistical report on employees and wages and salary;Consolidated Statement of implementation of the state budget; Tax information and other.
Frequency of data collection	Annually
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
Quality management
Quality assurance	Quality is assured by strict application of ESA 2010 concepts and by thorough validation of the data.
Quality assessment
Relevance
User needs	National Accounts data is key information for economic policy monitoring and decision making, forecasting, for administrative purposes and for information of the general public and for economic research. Users of annual national accounts data are typically interested in analysing structural changes in the economy from a medium-term perspective
User satisfaction
Completeness	BG NSI follows up the interest perceived from users on the basis of databases and downloads of the data.
Data completeness - rate
Accuracy and reliability
Overall accuracy	BG NSI publishes all revision and explanations of the data.
Sampling error
Sampling errors - indicators	NA
Non-sampling error	NA
Coverage error	NA
Over-coverage - rate	NA
Common units - proportion	NA
Measurement error	NA
Non response error	NA
Unit non-response - rate	NA
Item non-response - rate	NA
Processing error	NA
Imputation - rate	NA
Model assumption error	NA
Seasonal adjustment	NA
Data revision - policy	National data are revised according to national schedules, and revisions are transmitted to Eurostat. Figures for the annual aggregates are revised at least twice per year, with the t+2 months and the t+9 months releases of quarterly accounts. These dates are pre-announced in the release calendar on BG NSI's web-site. On these occasions, previously published figures are subject to revision for all variables and all quarters.
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 – quarterly, preliminary, final data; and Major - based on implementation of new methodology or GNI reservations.
Data revision - average size
Timeliness and punctuality
Timeliness
Time lag - first results	The data transmitted to Eurostat are in compliance with ESA 2010 DTP and respective derogations for the country.
Time lag - final results	The data transmitted to Eurostat are in compliance with ESA 2010 DTP and respective derogations for the country.
Punctuality
Punctuality - delivery and publication	The data transmitted to Eurostat are in compliance with ESA 2010 DTP and respective derogations for the country.
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 BG NSI's website.
Coherence - sub annual and annual statistics	Annual and quarterly data for all sub domains of national accounts should be coherent.
Coherence - National Accounts	Annual and quarterly data for all sub domains of national accounts should be coherent.
Coherence - internal	Annual and quarterly data for all sub domains of national accounts should be coherent.
Accessibility and clarity
News release	NA
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 Production approach - Total of economy: https://infostat.nsi.bg/infostat/pages/reports/query.jsf?x_2=1169
Data tables - consultations
Micro-data access	NA
Other	NA
Metadata - consultations
Documentation on methodology	European System of Accounts (2010) (Eurostat). The methodology is also available on BG NSI website.
Metadata completeness – rate
Quality documentation	Quality is assured by strict application of ESA 2010 concepts and by thorough validation of the data
Cost and burden
NA
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. The European Statistics Code of Practice provides further conditions that have to be respected by statistical offices in regard to statistical confidentiality (Principle 5): The privacy of data providers (households, enterprises, administrations and other respondents), the confidentiality of the information they provide and its use only for statistical purposes are absolutely guaranteed.
Confidentiality – data treatment	If data are with a confidentiality flag or are under an embargo date, these data are not published.
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