Bulgaria - Real Gross Domestic Product

For Bulgaria, the main macroeconomic indicators for national accounts are the gross domestic product (GDP). This includes: 

• GDP by Production approach
• GDP by Income approach
• GDP by Final Expenditure

Active:

• National accounts framework: ESA 2010
• Industry classification: NACE Rev. 2
• Measurements:
  • Millions of Bulgarian new lev at chained year-2015 prices (Mil. Ch. 2015 BGN)
  • At current prices (Mil. BGN)
  • Thousands of persons (Ths. #)
• Adjustment:
  • Working day adjusted and seasonally adjusted (WDASA)
  • Not seasonally adjusted (NSA)
• Native frequency: Quarterly
• Start date: As early as 1995Q1

Predecessors:

• ESA 2010 at 2010 prices, 1995 to 2019
• ESA 95 at 2005 prices, 1995 to 2014
• ESA 95 at 2000 prices, 1995 to 2011

GDP by Production approach is calculated as a sum of two components. The first is the gross value added measured at basic prices for the economy as a whole. The second is adjustments, which includes net taxes on products, non deductible VAT, and import duties. 

GDP by Income approach is the sum of the compensation of employees (i.e. labor costs and social security), net other taxes on production and imports (i.e. taxes minus subsidies on production and imports), gross operating surplus divided by mixed income, and adjustments. 

GDP by Final Expenditure includes Individual consumption of households which is measured by the final consumption expenditure of households. Here are some items that are covered: 

• purchases of goods retailed incl. purchases between population purchases from catering and chairs, as well as pay for the repair of the goods;
• purchase of services - electricity, water and heat ;
• transport and communication services, residential rents, educational services paid health services, services related to leisure, culture and sport;
• insurance and other services;
• goods produced by households for their own consumption, represented by unincorporated activities and natural products consumed by the population;
• income in kind;
• imputation of housing occupied by owners.

Moody's Analytics supplements

We produce seasonally adjusted versions of:

• Expenditure components of GDP
• Gross value added by industry
• Employment by industry

One reason data for the system of national accounts is revised is because of new or updated statistical information based on statistical surveys or administrative sources. Another reason for revisions is updated methdology and calculation procedures for certain indicators. 

Further reading

At the source:

• GDP - ESA 2010: Quarterly data » tab:Metadata and methodology

At IMF (SDDS Plus):

• Real sector - National accounts