GDP by Final Expenditure – Total of economy

Time series : GDP_1.2.3_ESA_2010_en.xls

GROSS DOMESTIC PRODUCT BY FINAL EXPENDITURE
GDP by Final Expenditure components	current prices	previous year prices	at average 2020 prices**	Volume index*** (corresponding quarter of previous year = 100, (%)
	Second quarter of 2024*
	(million BGN)	(million BGN)	(million BGN)	(%)
Gross Domestic Product	48 142	44 051	32 900	102.3
Final Consumption Expenditure	37 243	33 901	25 501	104.2
Individual Consumption	32 987	30 132	22 567	104.8
of Households	27 409	25 587	19 234	105.3
of NPISH's	186	184	145	96.8
Individual of General Government	5 393	4 361	3 186	102.7
Collective	4 256	3 768	2 921	99.4
Gross Capital Formation	9 672	8 667	6 035	107.0
Gross Fixed Capital Formation	8 191	7 808	5 575	93.7
Changes in Inventories	1 481	859	.	.
Exports of Goods and Services	28 305	28 632	21 338	100.7
Goods	21 115	21 579	15 569	99.7
Services	7 190	7 053	5 900	104.8
Imports of Goods and Services	27 078	27 148	19 984	104.1
Goods	23 430	23 678	17 127	104.6
Services	3 648	3 470	2 888	101.2
Statistical Discrepancy	.	.	.	.
* Preliminary data.
**Aggregates are non-additive.
*** The volume indices are calculated based on the values of the corresponding indicator at constant prices of 2020.

18.10.2024

Methodology

Gross Domestic Product by Final Expenditure - Total of economy - GDP
Contact
Contact organisation	National Statistical Institute
Contact organisation unit	Non-Financial National and Regional Accounts
Contact name	Boryana Manolova Milena Panova
Contact person function	Head of department Chief expert
Contact mail address	2 P. Volov Str., Sofia 1038
Contact email address	[email protected] [email protected]
Contact phone number	+359 2 9857 623 +359 2 9857 737
Contact fax number
Metadata update
Metadata last certified	17 August 2023
Metadata last posted	17 August 2023
Metadata last update	17 August 2023
Statistical presentation
Data description	National accounts for Bulgaria 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" (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 2008-2010. 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 ESA2010 - enterprise, household, public institution.
Statistical population	Economic territory of the country
Reference area	Bulgaria
Time coverage	from 1995 (Infostat)
Base period	2015
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 of publication of statistical information available is in the Calendar for the results of statistical surveys of NSI. Statistics published: 42-43 days after the relevant period.
Release calendar access	The calendar is available on the NSI website: https://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
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 Final Expenditure - Total of economy: https://www.nsi.bg/en/node/5509
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 of the ESA 2010 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
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 – quarterly, 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	Applies seasonal adjustment of the data using software JDemetra+.
Comment

Download in SDMX 2.1 file format: Gross Domestic Product by Final Expenditure - 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: Gross Domestic Product by Final Expenditure - Total of economy - GDP

Metadata Structure Definition in SDMX 2.0: ESMS_MSD+BNSI+2.0+SDMX.2.0.xml

Methodology

Gross Domestic Product by Final Expenditure - Total of economy - GDP
Contact
Contact organisation	National Statistical Institute
Contact organisation unit	Non-Financial National and Regional Accounts
Contact name	Boryana Manolova Milena Panova
Contact person function	Head of department Chief expert
Contact mail address	2 P. Volov Str., Sofia 1038
Contact email address	[email protected] [email protected]
Contact phone number	+359 2 9857 623 +359 2 9857 737
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" (SNA 2008), 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 2008-2010. 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 ESA2010 - enterprise, household, public institution.
Statistical population	Economic territory of the country
Reference area	Bulgaria
Time coverage	from 1995 (Infostat)
Base period	2015
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	Applies seasonal adjustment of the data using software JDemetra+.
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 – quarterly, 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 of the ESA 2010 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
Accessibility and clarity
News release	Press Release
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 Final Expenditure - Total of economy: https://www.nsi.bg/en/node/5509
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