GROSS INVESTMENT, 2022

Due to the fact that the method of the judgemental sample was introduced as well as to the changes regarding the selection of elements of the basic sample set and methodological adjustments, the data are not entirely comparable to those for the previous years. The data may be used only to gain an overview of the trend and for certain analytical purposes in relation to the previous year.

The relation of some values of categories in relation to the previous year (2021) and some shares show the following trend.

The value of gross investment in new and existing fixed assets included in this survey shows a nominal positive trend of 17.7% in 2022. The nominal positive trend of gross investment in new fixed assets amounted to 17.0%.

Own financial and joint assets had the highest share in the financing/acquisition of investment in fixed assets, 49.4%.

According to investors’ activities, the sections C Manufacturing, with 16.9%, and O Public administration and defence; compulsory social security, with 13.1%, comprised the largest share in gross investment in new and existing fixed assets, while, according to the types of assets, the largest share of that investment, 46.6%, referred to buildings, spaces and structures. Out of the total investment, 90.9% was investment in new fixed assets.

According to the activity of the intended purpose of investment, the sections C Manufacturing, with 16.3%, F Construction, with 9.6%, and G Wholesale and retail trade; repair of motor vehicles and motorcycles, with 9.1%, comprised the largest share of gross investment in new fixed assets.

NOTES ON METHODOLOGY          

Source and method of data collection and analysis

The source of data on gross investment are data from the statistical survey entitled Annual Report on Gross Investment in Fixed Assets of Legal Entities (INV-P form) for 2022, collected and processed using the judgemental sample method.

The grouping of the survey data is done according to two principles:

- Organisational principle – by the location and main activity of the investor

- Kind-of-activity and territory principle – by the location and investment purpose activity.

The data are analysed according to the National Classification of Activities, 2007 version (NKD 2007.) at the level of the Republic of Croatia and counties by the territorial constitution in effect since 31 December of the reporting year.

Coverage and comparability

The reporting units for the reference year are selected legal entities in the country selected by using the judgemental sample method.

Since 2013, the survey has covered the following legal entities:

-  Large and medium-sized enterprises, financial and insurance institutions, budget beneficiaries

- Small enterprises (since 2017, small and micro-sized enterprises) selected by using the judgemental sample method on the basis of the value of fixed assets

-  Non-profit organisations – major investors.

Source data for the sample formation are the collected and processed data from the annual, semi-annual and quarterly financial reports taken over from the Financial Agency (Fina).

In 2014, the form was revised and partially adjusted in line with the revised international statistical standards and methodologies, the European System of Accounts (ESA 2010) and the UN’s System of National Accounts (SNA 2008).

Due to the fact that the method of the judgemental sample was introduced, as well as to the changes regarding the selection of elements of the basic sample set and methodological adjustments, the data are not entirely comparable with data for the previous years.

The data collected in this survey are primarily used as one of the input databases for calculating the categories of total gross fixed capital formation and regional investment and cannot be directly used for the calculation of the shares of total gross fixed capital formation and/or similar shares in relation to the GDP and/or other macroeconomic categories nor as the total data on gross fixed capital formation. These data can only be used for specific analytical purposes and for an overview of the current trend in relation to the previous years.

Definitions and explanations

Sources of financing/acquisition of investment in fixed assets include all amounts for investment in new and existing fixed assets for the reporting year, that is, the means of acquiring fixed assets regardless of whether they have been paid for or not. Own financial and joint assets of foreign and international co-investors, financial credits and financial leasing, funds granted through EU programmes and funds, budgetary assets and assets realised according to special regulations, as well as assets from other sources (assets acquired without compensation, capital transfers in kind, fixed assets produced and retained for producer's own use, works done for own account and similar) are included.

Gross investment in new and existing fixed assets refers to the total realised investment in tangible and intangible fixed assets of domestic or international origin as well as fixed assets owned and acquired under financial leasing conditions. Realised investment is construction works and asset acquisitions done during the reporting year, regardless of whether they were completed and paid for or not. The data are divided according to investors’ main activity and the basic categories of types of assets (table 3), as well as according to the activity for which the investment is intended (table 5).

Gross investment in new fixed assets is a part of realised investment and refers to the construction and acquiring of domestic and foreign fixed assets, significant improvements of existing fixed assets and used fixed assets imported during the reporting year, which are treated as new because they increase the national wealth of the country. The data are divided according to the investors’ main activity and according to the basic types of assets.

Part of the data is shown at the counties level (tables 6 and 7).

Under the category Not classified (by counties), a part of the investment that was not possible to classify at the level of territorial constitution lower than the level of the Republic of Croatia was presented (for example, investment in the railway, roads, powerlines, electric cables, oil pipeline, gas pipeline, and similar).

Notice

Detailed Instructions for filling in the Annual Survey on Investment in Fixed Assets and the INV-P form for 2022 are available in the internet application of the Croatian Bureau of Statistics at the following link: https://podaci.dzs.hr/hr/obrasci/bdp-i-nacionalni-racuni/.             

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Persons responsible:
Milenka Primorac Čačić, Director of Business Statistics Directorate
Lidija Brković, Director General

Prepared by:
Marijana Dragičević, Višnja Dožić and Ljiljana Batan

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