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TEMPO - HOME >>> NATIONAL ACCOUNTS Press releases >>> CON117A - Select criteria
CON117A - Gross fixed capital formation by activity NACE Rev.2, at the macroregions and development regions level (current prices): Please select the criteria for your query
NACE Rev.2 (economic activities) Regions Years MU: LEI million

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CON117A - Gross fixed capital formation by activity NACE Rev.2, at the macroregions and development regions level (current prices) 
Definition Gross fixed capital formation consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realized by the productive activity of producers or institutional units. 
Periodicity Annual 
Data sources National accounts - final version ESA 2010 details 
Methodology The regional accounts represent a regional breakdown of the national economy accounts. Without exception, they use the same methodological concepts. The regional accounts are made on three administrative levels, according to the Nomenclature of Territorial Units for Statistics (NUTS): NUTS1 representing the 4 macroregions, NUTS2 representing the 8 statistical regions and the extra-regional territory and NUTS3 representing the 41 counties plus Bucharest.
The general principle that must be respected in the elaboration of the regional accounts is the residence principle - the allocation according to the region in which the producing unit has its residence.
Gross fixed capital formation is distributed by industries of the national economy, using descending method ("top-down") which involves the distribution of aggregates value at the national level between the different regions, using the distribution keys.
Gross fixed capital formation is valued at the purchase price, including installation costs plus other costs related to the ownership transfer.
GFCF = Investments + Capital Repairs
More definitions and explanations could be found in Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union ESA 2010, Chapter 3 "Product and asset operations non-produced" https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02013R0549-20150824&from=SK

Metadata and quality report
 
Last update DEC 19, 2023 
Observations Data are calculated according to SEC2010 and NACE Rev.2 methodology.
The data are available starting with 2000.
The 2010-2019 data series have been revised according to Eurostat reserves. 
Responsible person Stoika Cristina Alina, tel: 0313181824/1238, e-mail: alina.stoika@insse.ro 
Project funded by EU
Project funded
by the EU		 © 1998-2017 National Institute of Statistics - ROMANIA
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