Growth and Productivity Accounts

Growth and productivity indicators is statistics, which is estimated using national accounts system indicators. Growth and productivity indicators have two main groups: labour and capital productivity indicators.

Growth and productivity accounts are part of the ‘European System of Accounts’ (ESA 2010, chapter 22) which states that: "A major use of the national accounts is to describe, monitor and analyse productivity growth".

Labour and capital are key input factors affecting productivity growth. They are widely used for economic analysis and forecasting, policy design and policy making. The aim of this data collection based on national accounts data is to provide indicators that allow deeper analysis of productivity trends.

Capital productivity indicators are a set of indicators used to assess capital productivity evolution. Typically, capital productivity is defined as a ratio of a measure of output in real terms (e.g. value added in chain-linked volumes) to a measure of input in real terms (e.g. capital stock in chain-linked volumes).

National accounts aim to capture economic activity within the domestic territory. They combine data from a host of base statistics, and thus they have no common sampling reference frame. The elementary building blocks of ESA 2010 statistics are statistical units and their groupings. ESA 2010, defines two types of units, institutional units and local kind-of-activity units.

National accounts combine data from many source statistics. The concept of statistical population is not applicable in a national accounts context.

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.

Statistics database

The geographical comparability of national accounts in Member States of the European Union is ensured by the application of common definitions of the European System of Accounts (ESA 2010).

The Statistical Office of the European Union (Eurostat) publishes on its website information on gross domestic product for the EU-27 and for each country separately - the National Accounts section of Eurostat.

Worldwide geographical comparison is also possible as most non-European countries apply the System of National Accounts (SNA 2008) guidelines, and SNA 2008 is consistent with ESA 2010.

The OECD publishes Member State data.

Data are comparable for the period since 1995.

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Calculations are made in line with the methodology of the European System of Accounts (ESA 2010). Main data sources used in calculations are:

• Surveys of enterprises and institutions;
• Labour Force Survey;
• Data from the Budget, the Treasury, the State Revenue Service, the Bank of Latvia and the Financial and Market Commission;
• Household Budget Survey.

The calculations include also estimates for non-response, non-registered units, under-reporting to fiscal administration, income in kind, products produced for own consumption as well as income from illegal activities (e.g., sale of drugs).

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