|Unit||Mil. EUR, NSA|
|Adjustments||Not Seasonally Adjusted|
|Government Consumption||2019 Q2||4,615||4,224||Mil. EUR, NSA||Quarterly|
|Investment||2019 Q2||6,033||5,549||Mil. EUR, SA||Quarterly|
|Nominal Fixed Investment (gross fixed capital formation)||2019 Q2||5,031||4,145||Mil. EUR, NSA||Quarterly|
|Nominal Gross Domestic Product||2019 Q2||23,591||23,363||Mil. EUR, SA||Quarterly|
|Private Consumption||2019 Q2||12,469||12,105||Mil. EUR, NSA||Quarterly|
|Real Fixed Investment (gross fixed capital formation)||2019 Q2||4,780||3,909||Mil. Ch. 2010 EUR, NSA||Quarterly|
|Real Government Consumption||2019 Q2||3,805||3,466||Mil. Ch. 2010 EUR, NSA||Quarterly|
|Real Gross Domestic Product||2019 Q2||21,754||21,655||Mil. Ch. 2010 EUR, SA||Quarterly|
|Real Investment||2019 Q2||5,760||5,240||Mil. Ch. 2010 EUR, SA||Quarterly|
|Real Private Consumption||2019 Q2||10,817||10,514||Mil. Ch. 2010 EUR, NSA||Quarterly|
This release covers Quarterly National Accounts data from the Statistical Office of the Slovak Republic. National accounts are compiled according to the European System of Accounts, 2010 (ESA 2010), which allows to perform the analysis and evaluation of the overall economy, specific areas or aspects of the economy, economic development at the time, comparison of the Slovak economy in relation to other economies.
The source defines the following:
GDP is one of the key aggregates in the ESA. GDP is a measure of overall economic activity in the economy, leading to production that satisfies final demand of the economy. There are three apporaches of measuring GDP at market prices, which must each other give a one balanced GDP figure:
GDP by production activities: Estimates of gross output and intermediate consumption in current prices are compiled using mainly primary data sources. Gross value added is derived as the difference between gross output and intermediate consumption. The data collected at sample statistical surveys are adjusted using standard procedures to achieve full coverage. For businesses that did not submit reports, adjustments based on the data recorded during the period under similar undertakings are made. The data are further adjusted for exhaustiveness due to the non-observed economy. Data in constant prices we obtain by double deflation of gross output and intermediate consumption using appropriate price indices (recalculation to the prices of the previous year and chaining to the reference year 2010).
GDP by expenditure categories: The main source of data for estimating final consumption of households is retail trade statistics, household budget survey, and other administrative and statistical data sources. Estimates of final consumption of households in constant prices are calculated using appropriate consumer price indices at levels of COICOP categories. Estimates of expenditures of general government final consumption are obtained directly from source data, which are processed by the Ministry of Finance SR. Data on gross fixed capital formation is based on information compiled expenditures on acquisition of asset from statistical reporting or administrative data sources and recalculated into constant prices using appropriate price indices of industrial producers. Data on changes in inventories are obtained as the difference between reported value of stocks at the beginning and at the end of the reference period and adjusted by the gains / losses caused by price developments (holding). Estimates of imports and exports of goods and services are based on the statistics of foreign trade, the balance of payments data and the data at constant prices are obtained by deflating using the adjusted price indices of domestic production and adjusted price indices of foreign trade.
Total employment is expressed by number of employees and self-employed, who are involved in production process belonging to the frame of output in SNA. In compilation of labour market indicators the method of balancing is used, i.e. job supply is balanced with demand. In particular, it is the comparison and harmonisation of data obtained from enterprise survey with data obtained from Labour force survey (LFS) carried out in households, to conform the definitions of ILO and ESA 2010. According to ESA 2010, the total employment is expressed in domestic concept. In this concept, data are acquired from enterprise survey. For the sake of comparability, data from Labour force survey (surveyed on the basis of national concept) are adjusted by items such number of residents working abroad, non-residents, coming from abroad, employees in collective households, women having maternity leave, etc.
Time series of GDP data are compiled according to ESA 2010 and are available at current prices, constant prices of the previous year and chain-linked volumes with reference year 2010. Seasonally adjusted quarterly time series of gross domestic product and its components were obtained by applying TRAMO-SEATS method implemented in software JDemetra+ (version 2.0.0.). Original time series of these indicators were analysed in current prices as well as in chain-linked volumes where the seasonal analysis confirmed statistically significant influence of the seasonal component on development of analysed time series.
The source releases data in two waves, where the following tables are updated first: nu0002qs, nu0004qs, nu2051qs, nu2052qs, nu2043qs, nu2044qs, nu0006qs, nu2025qs, nu2020qs, nu2022qs, and nu2042qs. Approximately 8 days later the remainig tables are updated: nu2002qs, nu2008qs, and nu2010q.
Revision of Quarterly National Accounts for time series 1. Quarter 2015 - 2. Quarter 2018
March 28, 2018 - As of 2018, the source only reports a single GDP without specification of approach. For consistency, Moody's Analytics sets the different approach time series equal to this figure.
January 5, 2016 - This release recently went through an ESA 2010 change. The source says
The data are preliminary when first released. The data become final after the annual national accounts and supply and use tables are closed, three years after the end of the reference year.