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Croatian National Accounts

Agenda item 7b. Croatian National Accounts. Jadranka Vuglar & Jasna Kiš. Workshop on the Implementation of the 2008 SNA, Kiev, 29 November – 2 December 2011. Croatia – some basic facts. Croatia – some basic facts. Independent since 1991. Croatia – basic economic indicators.

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Croatian National Accounts

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  1. Agenda item 7b Croatian National Accounts Jadranka Vuglar & Jasna Kiš Workshop on the Implementation of the 2008 SNA, Kiev, 29 November – 2 December 2011

  2. Croatia – some basic facts

  3. Croatia – some basic facts Independent since 1991.

  4. Croatia – basic economic indicators

  5. Croatia – some basic facts • Tourism: • Structure of tourist nights: 90% foreign, 10% domestic • Most foreign tourists come from: Germany (22,7%), Slovenia (11,2%) • Most tourist nights (5%): Rovinj

  6. Producers of official statistics The Croatian Bureau of Statistics as a central body The Croatian National Bank Administrative body of the City of Zagreb authorized to perform official statistics tasks Other authorized bodies determined by the Programme

  7. Croatian Statistical System Republic of Croatia’s EU accession process:

  8. Croatian Statistical System • Accession negotiation Chapter 18 - Statistics • Two closing benchmark for provisional closure of negotiations on Chapter 18 • national accounts • agricultural statistics

  9. Closing benchmarks - National Accounts • closing benchmark document; Gross National Income Inventory Progress achieved in National accounts during 2009 • Major statistical revision has improved the coverage and quality of estimates. • Three main parts of revision were: exhaustiveness adjustments, improved method for owner occupied dwellings and calculations and allocation of FISIM according to EU regulation. • New set of data were prepared for annual GDP for the period 1995 to 2005 and for quarterly GDP for the period 1Q2000 to 3Q2008.

  10. Closing benchmarks – National Accounts (cont.) • Revised GDP/GNI data for annual figures were also subject to the transmissions to Eurostat • A detailed description of sources and methods of compilation GNI/GDP (annual and quarterly) were prepared and sent to Eurostat. • Sector accounts have been revised according to new GDP level and transmitted to Eurostat • Regional gross value added had been revised according to MSR. Data for regional GVA, GFCF and employment in persons were sent according to transmission program.

  11. Progres in 2010 and 2011 • Another (minor) revision of GDP: • the inclusion of CFC for government non-market producers, • the inclusion of EAA into the national accounts, • the valuation of output of insurance in line with the ESA 95, • the valuation of the output of non-market producers, who satisfy the 50% rule of the ESA 95, • the inclusion of the production of software for own account, • the verification of the size of cross-border flows of CE and • the reviewing of all taxes on production • New set of data were prepared for annual GDP for the period 1995 to 2007 and for quarterly GDP for the period 1Q2000 to 4Q2010 (transmission to Eurostat) • Update of GNI Inventory • revision of sector accounts according to new GDP data

  12. Progres in 2010 and 2011 (cont.) • Introduction of quarterly flash estimate at t+60 • The first SuT for 2004 in current prices • Changeover to NACE Rev 2. of annual and quarterly data • Improvement of constant price estmates of annual and quarterly data

  13. Future plans • Reconstruction of annual and quartarly GDP series according to NACE Rev 2. , • Improvements of NOE data (illegal economy), • Developing quarterly sector accounts, • Regularly compilation of SuT and IOT tables, • Developing national accounts database

  14. Thank you for your attention Jadranka Vuglar Jasna Kiš Tel: +385(0)148 93 447 Tel: +385(0)148 93 457 E-mail: vuglarj@dzs.hr E-mail: kisj@dzs.hr

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