|Unit||Mil. 2016 UAH, NSA|
|Adjustments||Not Seasonally Adjusted|
For Ukraine, the quarterly national accounts, including the detailed expenditure and production approaches (viz., use of GDP and GVA).
Predecessors, where different:
The source writes:
The major methodological changes which have the most impact on the level of GDP refer to investment.
According to SNA08, expenditure on research and development and weapons systems (warships, submarines, military aircraft, tanks, etc.) are now included in gross fixed capital formation, i.e. investment. This is recognition that expenditure on these items provide long-lasting services to businesses, non-profit institutions, and the governments who use them. This increases the level of GDP across time, but the impact on GDP growth rates will generally be minor (as can be seen in countries who have already implemented SNA08).
Moreover, in situations like this when a major methodological change is proposed and agreed to at the international level, countries tend to take advantage of the unique situation and make changes to improve all their compilation methods - therefore increasing the general level of revision. It is important to underline that the impact of compilation improvements could be higher than the impact of the SNA08 implementation. For example, the Netherlands increased their level of GDP by 7.6% for 2010, but only 3 percentage points are related to SNA08 implementation.
Ukraine has implemented the SNA08 in 2014 providing revised data according to the new methodology on specific datasets.
We extend select series. We compute NSA identities. We compute SA versions.
Four successive national accounts methodological revisions have taken place: 1952, 1968, 1993 and 2008.
The GDP data are revised and updated in accordance with the availability of input information.