Regional Gross domestic product and Gross value added in regions
1. Contact
Responsible agency
Unit
Contact person
Position
Email (agency)
Phone
2. Statistical presentation
Data description
Regional Gross domestic product (GDP) is used to estimate the total value of end products or services produced within the territory of a region during a year.
Estimation of Regional gross value added by type of activity is based on the estimation of Gross value added (GVA) in the country. Regionalisation is performed on the basis of the local operation units indicated in the enterprise/ institution or organisation reports. If economic activity of a production unit takes place in several regions, its GVA is divided between the respective territories of regions, taking into account the number of employees involved in this activity in the respective territory.
Important notes:
- On the basis of the administrative territorial reform that took place in Latvia in 2021, an appropriate recalculations has been made and gross domestic product as well as gross value added by type of activity is published for the planning regions and state cities at current prices for 2019. The recalculations of entire time series will be completed in 2023.
- Since 2021 also experimental statistical data are available:
- nominal labour productivity per capita by region based on value added;
- nominal labour productivity per capita by region based on value added by kind of activity;
- total employment (persons employed) per capita by region.
More information in the section: National accounts: productivity indicators.
- In compliance with Commission Regulation No 715/2010 of 10 August 2010, along with the transition to the new version of Statistical Classification of Economic Activities in the European Community (NACE Rev. 2) and on the basis of the revised methodology of the European System of Accounts (ESA-2010) (Regulation No 549/2013) and other revisions, in 2014 regional data for 2000 - 2011 were recalculated, and regional indicators for 2012 calculated accordingly.
- According to Population and Housing census 2011 results the indicator GDP per capita in region for reference years 2000–2011 was recalculated in line with the data of the average number of residents in the region during the year revised in December 2012.
- Starting with 2009 as the reference year, calculation of regional indicators is based on the source data, collected in line with NACE Rev. 2 classification. Regional GVA valuations are calculated in breakdown by 19 economic activities.
Statistical concepts and definitions
Statistical unit
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.
Statistical population
National accounts combine data from many source statistics. The concept of statistical population is not applicable in a national accounts context.
3. Institutional mandate
Legal acts and other agreements
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
4. Accessibility and clarity
On-line database
5. Comparability
Comparability - geographical
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.
Length of comparable time series
Comparable data for the period since 1995.
6. Coherence
Coherence- cross domain
N/A
7. Statistical processing (data source etc.)
Source data
The list of main data sources used in compilation of regional GVA:
- CSB statistical report form 1-annual "Complex report on activities" - data from the largest and other economically active production units, taking into account the number of employees and turnover;
- CSB annual statistical report form 1-KAU "Survey of the local KAUs activity" – local kind-of-activities (KAUs) survey collects data from units, which provide 1-annual or 2-annual statistical report forms and have local KAUs; KAU economic activity’s codes (NACE Rev. 2) and corresponding number of employees at this unit;
- CSB statistical report form 2-annual "Complex report on activities" – collects data from the budget-financed institutions;
- The State Revenue Service data (annual balance sheet; revenue-expenditure account data) – collects data from association, foundations and trade unions, religious organizations and political organizations (parties) and their unions;
- The Treasury data (annual statement on state budget execution: expenditure of public authorities by programme/ subprogramme) – collects data related to persons employed outside the territory of Latvia;
- Statistical Enterprise Register data;
- Indicators of the System of National Accounts of Latvia.
Data collection
N/A
Data compilation
The GDP statistics from production and expenditure approach is calculated at current prices (registration and calculations are made at the actual prices of the respective period) and constant prices. The indicators at constant prices are expressed at prices of the previous calendar year and prices of the reference year (chain-linked).
To calculate GDP at the prices of the previous calendar year the actual prices of the previous calendar year are used as a base and the “annual average” method (where each running quarter (or year) is calculated at the average prices of the previous year) is used. To make the calculations, various deflators are used. Both volume indices and price indices may be used as deflators. The following price indices are used: consumer price index, producer price index, construction cost index, services producer price index, price indices of agricultural products, export unit value index, import unit value index. The following volume indices are used: change in number of employees and change in natural indicators (e.g., in removals, passenger number, freights, etc.).
To calculate GDP at the prices of the reference (base) year (currently, prices of 2010) the indices calculated from the GDP indicators at the prices of the previous year are used to chain-link the calculated volume indices with 2010.
Gross domestic product from the production approach is calculated as a sum of value added plus taxes on products minus subsidies on products.
Value added is calculated by subtracting intermediate consumption from the value of output of goods and services. Output refers to the total products created during the reference year. Intermediate consumption consists of the value of goods and services used during the production. Breakdown of the data by years provides information on value added at current prices at 2-digit level of NACE Rev. 2 classification.
Taxes on products added to the total value added cover the taxes paid at the sale of product, e.g., value added tax, customs and excise duties.
Gross domestic product from the expenditure side at current and constant prices is calculated by summing final consumption expenditure, gross capital formation, exports of goods and services and minus imports of goods and services.
Gross domestic product from the income approach is calculated at current prices only. When calculating GDP from the income approach, the data on the primary income of the economic activity: compensation of employees (wages and salaries in cash and kind and social contributions of employers), taxes on production and imports, subsidies, gross operating surplus and gross mixed income (including consumption of fixed capital).
Gross national income is calculated by summing gross domestic product with property income, compensation of employees and subsidies received from other countries and by subtracting property income, compensation of employees and taxes on production and imports paid to other countries.
Seasonally and calendar adjusted GDP indices are available in quarterly breakdown. Users must take into account the fact that upon adding data of a new period also the previous timeseries are recalculated. (Gross Domestic Product in Latvia, seasonally adjusted – methodology)