ANNUAL GROSS DOMESTIC PRODUCT, 1995 – 2021.

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 2021 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 -0.1 percentage point to +1.6 percentage points throughout the whole period from 1995 to 2021 and represents an average increase of 0.1 percentage point.

This revision affected real growth rates in the range from -0.5 percentage points to +2.8 percentage points.

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 due to the implementation of the perpetual inventory method (PIM)

– revision of taxes

– revision of gross fixed capital formation (GFCF) for year 2019

– revision of balance of payments data.

Gross domestic product for 2020 – annual calculation

Gross domestic product decreased by 8.6% in real terms in 2020, as compared to 2019. Gross value added decreased by 7.5% in real terms in 2020, as compared to 2019.

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

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

Abbreviations

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

Prepared by:
Suzana Čajkušić, Jasna Medek, Patrik Pipp and Ingrid Omerzo

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