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| CON106F - Quarterly gross domestic product - unadjusted series CANE Rev.2, volume indices - % as against 2000 |
| Definition |
Quarterly Gross Domestic Product at market price (QGDP), the main macro-economic aggregate of national accounting, represents the final result of production activity for resident productive units, for a certain period, a quarter, respectively.
Quarterly Gross Domestic Product at market price is estimated by two approaches:
a) output approach:
QGDP=GVA+TP-SP
where:
GVA=gross value added at basic prices;
TP=taxes on products;
SP=subsidies on products.
b) expenditure approach:
QGDP=FC+GCF+E-I
where:
FC= actual final consumption;
GCF=gross capital formation;
E=exports of goods and services;
I=imports of goods and services. |
| Periodicity |
Quarterly |
| Data sources |
Quarterly national accounts ESA 2010 details
The GDP revision is presented in the document on the Harmonized European Revision Policy (HERP), available in the NIS metadata base at the specified data sources. |
| Last update |
SEP 06, 2023 |
| Observations |
The main data sources used for quarterly Gross Domestic Product estimation are:
- statistical sources: short-term surveys regarding industrial production, construction, services, trade; production account for agriculture; short-term surveys regarding earnings and employment;
- financial-accounting sources: accounting statements of financial institutions;
- administrative sources: execution of state budget and local budgets, and of social security budget; balance of payments.
Quarterly Gross Domestic Product is estimated in current prices, in the prices of the corresponding period of the previous year and in the average prices of the year 2000.
The estimates in average prices of 2000 are calculated by chain-linking volume indices.
The revision of the quarterly accounts data is periodically done, when a new version of yearly national accounts is available.
The revision of data has as objective to keep the coherence between the quarterly accounts and the yearly accounts.
The data for the period 2010-2019 have been revised according to Eurostat reserves.
The data calculated on the basis of CANE Rev.2, according to ESA 2010 methodology are available starting with 1995. |
| Interruption |
Last period of this series: Quarter II 2023. |
| Responsible person |
Negru Ecaterina Daniela, interior 2287, daniela.negru@insse.ro |
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