GDP by Production approach – Total of economy

Time series : GDP_1.1.1_ESA_2010_en.xls

GROSS DOMESTIC PRODUCT - PRODUCTION APPROACH
Economic sectors and economic activity groupings	А10	Gross Value Added
		current prices	previous year prices	at average 2015 prices*	Volume index** (previous year=100)
		2023***
		(million levs)	(million levs)	(million levs)	(%)
Agriculture, forestry and fishing	A	5 571	6 224	4 948	96.1
Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities	B_E	40 430	37 492	20 881	100.9
Construction	F	6 180	5 604	2 959	100.7
Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities	G_I	35 621	33 353	20 763	101.9
Information and communication	J	12 075	10 854	7 147	100.4
Financial and insurance activities	K	10 386	9 782	8 819	100.9
Real estate activities	L	13 039	12 413	10 590	100.9
Professional, scientific and technical activities; administrative and support service activities	M_N	10 188	9 331	6 637	99.3
Public administration and defence; compulsory social security; education; human health and social work activities	O_Q	25 138	22 961	13 166	101.1
Arts, entertainment and recreation, repair of household goods and other services	R_U	2 568	2 296	1 546	98.7
Total Economic	А+...+U	161 195	150 310	96 841	100.8
Adjustments (taxes less subsidies on products )		22 549	20 598	14 044	110.5
Gross Domestic Product		183 743	170 907	110 859	101.8
* 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 prices of 2015.
*** Preliminary data

08.03.2024

Methodology

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	Chief specialist
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 certified	03 August 2021
Metadata last posted	03 August 2021
Metadata last update	03 August 2021
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 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 Individual Consumption According to Purpose (COICOP); · Classification of the Functions of Government (COFOG);
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 annual period. 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	from 1995 (Infostat)
Base period	2015
Unit of measure
Million BGN
Reference period
Year
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: 9 months after the reporting 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
Annually
Accessibility and clarity
News release	Press release
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://www.nsi.bg/en/node/5484
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	Monitoring of Eurostat data quality in the field of national accounts - report description of sources and methods for the development of GDP, GNI / validation procedures / 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	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.
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	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	Sources of data are statistical surveys, annual accounts of economic units and administrative data: Income and expenses, including statistical annexes; Report on production and sales of industrial production; Revenues of construction enterprises by types of construction; Sales of retail outlets by product groups; National energy balance; Economic accounts for agriculture; Annual statistical report on employees and wages and salary; Sample observations for the statistical description of the economic behavior of specific actors in the institutional framework of the economic system: - Observations of household budgets; - Observations of the situation and business statistics; - Observations on private farms; Annual accounts: - Annual report of non-financial corporations; - Annual report of non-profit organizations; - Annual report of banking institutions; - Annual report of insurance companies and pension funds; - Annual report of other financial intermediaries; 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	Annually
Data collection	Exhaustively on an annual basis
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: Gross Domestic Product - production 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: Gross Domestic Product - production approach - Total of economy - GDP

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

Methodology

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	Chief specialist
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" (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 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 Individual Consumption According to Purpose (COICOP); · Classification of the Functions of Government (COFOG);
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 annual period. 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	from 1995 (Infostat)
Base period	2015
Statistical processing
Source data	Sources of data are statistical surveys, annual accounts of economic units and administrative data: Income and expenses, including statistical annexes; Report on production and sales of industrial production; Revenues of construction enterprises by types of construction; Sales of retail outlets by product groups; National energy balance; Economic accounts for agriculture; Annual statistical report on employees and wages and salary; Sample observations for the statistical description of the economic behavior of specific actors in the institutional framework of the economic system: - Observations of household budgets; - Observations of the situation and business statistics; - Observations on private farms; Annual accounts: - Annual report of non-financial corporations; - Annual report of non-profit organizations; - Annual report of banking institutions; - Annual report of insurance companies and pension funds; - Annual report of other financial intermediaries; 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	Annually
Data collection	Exhaustively on an annual basis
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	Monitoring of Eurostat data quality in the field of national accounts - report description of sources and methods for the development of GDP, GNI / validation procedures / 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 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	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	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.
Time lag - first results	Annual estimations: •The preliminary annual estimates - the sum of estimates of quarterly data - T+3 months after the reporting period; The data transmitted to Eurostat are in compliance with National Accounts Data Distribution Program Annex B and respective derogations for the country.
Time lag - final results	Annual estimations: •Updated annual data - T +9 months after the reporting period; · Final data - balance sheets Resource - Use - T+3 years;
Punctuality
Punctuality - delivery and publication
Coherence and comparability
Comparability - geographical
Asymmetry for mirror flows statistics - coefficient
Comparability - over time
Length of comparable time series
Coherence - cross domain	Additional information on other indicators in national accounts is available in other subject areas related to national accounts.
Coherence - sub annual and annual statistics
Coherence - National Accounts
Coherence - internal
Accessibility and clarity
News release	Press release
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://www.nsi.bg/en/node/5484
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