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Croatian National Accounts Jadranka Vuglar & Jasna Kiš Workshop on the Implementation of the 2008 SNA, Kiev, 29 November – 2 December 2011 Agenda item 7b
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Page 2 Croatia – some basic facts
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Page 3 Croatia – some basic facts Area87 661 km 2 (33 826 SM) Land Area Coastal Sea 56 542 km 2 (21 831 SM) 31 067 km 2 (11 995 SM) Coastline5 835 km (3 625 M) – 1185 islands, rocks and reefs Population4 437 460 (women: 51,87 %) CapitalZagreb (population: 779 145) LanguageCroatian ReligionCatholic 87,83 % Independent since 1991.
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Page 4 Croatia – basic economic indicators GDP per capita, estimate at current prices10 394 EUR GDP, at constant previous year prices 2010./2009. -1,2 CPI 2010101,1 Average monthly gross earning per person, 2010. 1 054 EUR Coverage of imports by exports, 2010. 60, 5 %
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Page 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
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Page 6 Producers of official statistics – The C roatian 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
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Page 7 Croatian Statistical System Republic of Croatia’s EU accession process: February 2003Croatia applies for accession to EU June 2004Croatia becomes candidate country October 2005The Commission formally opens negotiations June 2007Chapter 18 Statistics opened October 2009Chapter 18 Statistics closed
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Page 8 Croatian Statistical System Accession negotiation Chapter 18 - Statistics – Two closing benchmark for provisional closure of negotiations on Chapter 18 national accounts agricultural statistics
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Page 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.
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Page 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.
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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 Page 11
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Page 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
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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 Page 13
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Page 14 Thank you for your attention Jadranka VuglarJasna Kiš Tel: +385 (0)1 48 93 447 Tel: +385 (0)1 48 93 457 E-mail: vuglarj@dzs.hr E-mail: kisj@dzs.hr
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