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Data Revision: Croatia - National accounts SA - Method
Thursday, 11 Oct 2018 15:42 ET
By Katie Cristofano
Summary
October 2018 -- For the quarterly national accounts of Croatia, we produce seasonally adjusted supplements, and have switched from X-12 to X-13 (44 quarterly series, revised from 2000).
Detail

Motivation: The national source, Croatian Bureau of Statistics (CBS), recently revised their quarterly national accounts data over the interval 2000 to 2017. Previously, we created our seasonal factors using the X-12-ARIMA seasonal adjustment program. We are incrementally migrating our datasets to the X-13-ARIMA program, which is newer and usually produces superior results.

Response: We have recalculated our factors using the X-13-ARIMA program, and recomputed our SA series to better align with the source's revisions. As a result, all seasonally adjusted series have been revised.

Properties: Properties are unchanged. Series start at 2000Q1. Expect our SA series to be revised with each update.

The series reside in the historical catalog (Croatia » National Accounts » By expenditure | By value add » Quarterly) and include, for example:

  • NACEEXAQ.IHRV    = National accounts: Expenditure approach - Exports - Total, (Mil. 2010 HRK, SAAR)
  • NACSGVAMFAQ.IHRV = Production approach - Gross value added - Manufacturing [C], (Mil. 2010 HRK, SAAR)
  • NALSGVATAQ.IHRV  = Gross value added - Total, (Mil. HRK, SAAR)

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

Method:

  1. Adjust reported GDP by expenditure components and GVA by NACE sections individually, using the U.S. Census Bureau's X-13 ARIMA program.
  2. Compute total GVA (all activities) as an identity, i.e., the sum over NACE sections.
  3. Compute final consumption expenditure, gross capital formation, and changes in inventories as identities.

See also

Other
Related ReleaseQuarterly GDP Estimates
SourceCroatian Bureau of Statistics (CBS)
FrequencyQuarterly
GeographyCroatia
Upcoming
Release DateReference date
23 May 20194Q 2017
29 May 20191Q 2019
31 May 20191Q 2019