ANNUAL GROSS DOMESTIC PRODUCT, 1995 – 2020

For data on gross domestic product (GDP) and main aggregates of national accounts according to the National Classification of Activities, 2007 version (NKD 2007.), and categories of expenditure according to the methodology of the European System of National and Regional Accounts (ESA 2010), the time series of data for the period from 1995 to 2020 have been revised.

The data are available at current prices, at constant prices of the previous year and at constant prices of the reference year (2015 = 100).

The impact of this statistical revision on the GDP level in nominal terms ranges from 0.7% to 2.5% throughout the whole period from 1995 to 2020 and represents an average GDP increase of 1.1%.

This revision affected real growth rates in the range from -0.2% to +0.6%.

GDP by expenditure approach is revised according to the GDP by production approach.

Detailed data can be downloaded on the link Statistics in Line.

The revision includes the following elements:

– revision of the government finance statistics data due to changes in the sectoral classification of institutional units and the inclusion of certain units in the general government sector

– revision of the estimates of the consumption of fixed capital (CFC) of the general government and non-profit institutions serving households (NPISH) due to the implementation of the perpetual inventory method (PIM)

– revision of taxes

– revision of gross fixed capital formation (GFCF) for the period from 2018 to 2020

– revision of financial intermediation services indirectly measured (FISIM)

– revision of balance of payments data.

Gross domestic product for 2019 – annual calculation

Gross domestic product increased by 3.5% in real terms in 2019, as compared to 2018. Gross value added increased by 3.6% in real terms in 2019, as compared to 2018.

The increase in the gross domestic product in real terms was mainly influenced by the increase in the gross value added in Wholesale and retail trade; repair of motor vehicles and motorcycles, as well as in Construction.

The increase in the gross domestic product in real terms by the expenditure approach was mainly influenced by the increase in the household final consumption expenditure and the increase in the exports of goods and services.

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Persons responsible:
Suzana Šamec, Director of Macroeconomic Statistics Directorate
Lidija Brković, Director General

Prepared by:
Suzana Čajkušić, Jasna Medek and Ingrid Omerzo

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