AGRICULTURE ECONOMIC ACCOUNTS, 2020

The value of the output of the agricultural industry in 2020 in the Republic of Croatia amounted to 18 259 million kuna, which was an increase of 1.6% compared to the previous year.

The gross value added in 2020 amounted to 8 694 million kuna. As compared to the previous year, it was an increase of 3.3%.

The agricultural labour input in this period decreased by 2.3%.

NOTES ON METHODOLOGY

Sources and methods of data collection

Economic accounts for agriculture for the Republic of Croatia are based on the survey data of the Croatian Bureau of Statistics and administrative data from the Croatian Agricultural Extension Service and the Paying Agency for Agriculture, Fisheries and Rural Development.

The non-additivity of the sum of individual components of the indicators is the result of applying the method of calculation and rounding of the detailed structure of categories and subcategories.

Coverage

Economic accounts in agriculture cover the whole agricultural production (by both private family farms and legal entities).

Definitions

Agricultural production equals the sum value of outputs of crops, animals, animal products, agricultural services and the value of inseparable non-agricultural secondary activities. The accounting period is a calendar year.

The agricultural production is valuated at basic prices, which means that all subsidies on products and services are included and all taxes on products and services are excluded.

Intermediate consumption is the value of inputs used for agricultural production. It is valuated at purchase prices.

Gross value added at basic prices equals the agricultural production at basic production less intermediate consumption at purchase prices.

Consumption of fixed capital is the decrease in the value of fixed capital goods as a result of their normal wear and tear during its production process.

Net value added at basic prices equals agricultural production at basic prices less fixed capital consumption.

Compensations of employees are defined as the total remuneration in cash or in kind paid by the employer to the employee in return for work done during the accounting period.

Other subsidies on production consist of subsidies other than subsidies on products, which manufacturing units can be supplied on the basis of agricultural production.

Factor income equals net value added less taxes on production plus other subsidies on production.

Net operating surplus/mixed income equals factor income less compensations of employees.

Rents paid correspond to payments made to the owner of the tangible assets in exchange for the transfer of assets using by another unit. In the economic accounts for agriculture, this item corresponds mainly to land rents that leaseholder pay to land owners.

Interests are made of expenses payable on the loan for capital investments. In the Economic Accounts for Agriculture, interest is the counterpart of loans that have been approved for the purposes of Agricultural holdings (e.g. for the purchase of land, buildings, machinery, vehicles or other equipment).

Net entrepreneurial income equals net operating surplus/net mixed income less paid rents and interest plus received interest that refers exclusively to agricultural production.

Agricultural labour input comprises all persons and employees who work as salaried or non-salaried labour force on typical agricultural jobs in agricultural industry. It is measured by annual work units. The annual work unit is a quotient of a total number of working hours done in the agricultural activity during a year and an average number of working hours, which amounts to 1 800 hours per annum for paid work.

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Lidija Brković, Director General

Prepared by: Matej Pejković, Viktor Štimac, Normela Pušić, Ivan Dujman and Mateja Ivezić

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