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What is the motivation?
Starting in 2017, our national source for Greece has been adapting its datasets to the latest nationally-defined administrative divisions. Previously, the data aligned with Eurostat NUTS 2010; they now partially align with NUTS 2013 (see article linked below).
We construct our subnational estimates for Europe according to NUTS areas. In response, we have modified the list of areas in Greece that we estimate. The changes apply at NUTS levels 1 and 3.
Which Moody's Analytics estimated releases for Greece were impacted?
- Population
- Labor force status (LFS)
- Employment by industry
- Compensation
- House Price Index
- Household disposable income
- Gross value added by industry (GVA)
- Retail sales
- Residential construction permits and starts
What did and did not change among the estimates?
Concept codes... are unchanged.
The corpus of series... For estimates describing single NUTS areas, we have synchronized to the NUTS 2013 set of areas, that is, we have created new series for the new areas, and deleted all series for terminated NUTS 2010 areas, as enumerated below. For metro areas, we have synchronized to the current Eurostat definitions, which are now based on NUTS 2013 (see article linked below).
- Terminated NUTS (2010) level 1 geo codes: IGRC_KEEL IGRC_VOEL
- Terminated NUTS (2010) level 3 geo codes: IGRC_GRE IGRC_KOZ IGRC_ART IGRC_PRE IGRC_KAR IGRC_TRI IGRC_ARG IGRC_ARK IGRC_LAK IGRC_MES IGRC_ATT
- New NUTS (2013) level 1 geo codes: IGRC_NORT IGRC_CENT
- New NUTS (2013) level 3 geo codes: IGRC_GKO IGRC_APR IGRC_KTR IGRC_AAR IGRC_LME IGRC_NAT IGRC_WET IGRC_CAT IGRC_SAT IGRC_EAT IGRC_WAT IGRC_PIR
Values in surviving series (that is, those using unchanged geo codes)... May have been revised because of revisions to historical data related to the geo change.
If you have legacy baskets... that use explicit geo codes, you will need to amend them. If they instead use the NUTS 1 or NUTS 3 geo wild card (IGRC_^^^^, IGRC_^^^), the new series will automatically be retrieved upon next execution.
Start dates... Within a release, are unchanged; that is, the new series have the same length of history as surviving series. Across the 10 impacted releases, start dates vary.
Methodologies... May have changed. Please consult the background in Mnemonic 411.
Examples
New series include, for example:
- RPOPQ.IGRC_NORT = Population - Total, (Ths. #, SA) - for NUTS (2013) 1 Northern Greece
- RYPEWQ.IGRC_CENT = Compensation - Total, (Mil. EUR, SAAR) - for NUTS (2013) 1 Central Greece
- RETOTQ.IGRC_GKO = Employment - Total, (Ths. #, WDASA) - for NUTS (2013) 3 Grevena, Kozani
- RYPDPIUSDQ.IGRC_APR = Disposable income of households - Net of consumption of fixed capital, (Mil. USD, SAAR) - for NUTS (2013) 3 Arta, Preveza
- RGDPQ.IGRC_EAT = Gross value added - Total, (Mil. EUR, SAAR) - for NUTS (2013) 3 East Attiki
- RGDP$Q.IGRC_NORT = Gross value added - Total, (Mil. 2010 EUR, SAAR) - for NUTS (2013) 1 Northern Greece
- RRT$Q.IGRC_NAT = Retail volume at constant prices - Total excluding sale; maintenance and repair of motor vehicles and motorcycles, (Mil. 2010 EUR, SAAR) - for NUTS (2013) 3 North Athens
- RHPMTRQ.IGRC_MTHS = Building permits - Residential, (#, SAAR) - for Thessaloniki, Metropolitan Area
See also
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