Agenda item 7 b Croatian National Accounts Jadranka

Agenda item 7 b Croatian National Accounts Jadranka Vuglar & Jasna Kiš Workshop on the Implementation of the 2008 SNA, Kiev, 29 November – 2 December 2011

Croatia – some basic facts Page 2

Croatia – some basic facts Independent since 1991. Area 87 661 km 2 (33 826 SM) Land Area Coastal Sea 56 542 km 2 (21 831 SM) 31 067 km 2 (11 995 SM) Coastline 5 835 km (3 625 M) – 1185 islands, rocks and reefs Population 4 437 460 (women: 51, 87 %) Capital Zagreb (population: 779 145) Language Croatian Religion Catholic 87, 83 % Page 3

Croatia – basic economic indicators GDP per capita, estimate at current prices 10 394 EUR GDP, at constant previous year prices 2010. /2009. -1, 2 CPI 2010 101, 1 Average monthly gross earning person, 2010. 1 054 EUR Coverage of imports by exports, 2010. 60, 5 % Page 4

Croatia – some basic facts • • Tourism: Structure of tourist nights: 90% foreign, 10% domestic Most foreign tourists come from: Germany (22, 7%), Slovenia (11, 2%) Most tourist nights (5%): Rovinj Page 5

Producers of official statistics – The Croatian Bureau of Statistics as a central body – The Croatian National Bank – Administrative body of the City of Zagreb authorized to perform official statistics tasks – Other authorized bodies determined by the Programme Page 6

Croatian Statistical System Republic of Croatia’s EU accession process: February 2003 Croatia applies for accession to EU June 2004 Croatia becomes candidate country October 2005 The Commission formally opens negotiations June 2007 Chapter 18 Statistics opened October 2009 Chapter 18 Statistics closed Page 7

Croatian Statistical System • Accession negotiation Chapter 18 - Statistics – Two closing benchmark for provisional closure of negotiations on Chapter 18 • national accounts • agricultural statistics Page 8

Closing benchmarks - National Accounts – closing benchmark document; Gross National Income Inventory Progress achieved in National accounts during 2009 – Major statistical revision has improved the coverage and quality of estimates. – Three main parts of revision were: exhaustiveness adjustments, improved method for owner occupied dwellings and calculations and allocation of FISIM according to EU regulation. – New set of data were prepared for annual GDP for the period 1995 to 2005 and for quarterly GDP for the period 1 Q 2000 to 3 Q 2008. Page 9

Closing benchmarks – National Accounts (cont. ) – Revised GDP/GNI data for annual figures were also subject to the transmissions to Eurostat – A detailed description of sources and methods of compilation GNI/GDP (annual and quarterly) were prepared and sent to Eurostat. – Sector accounts have been revised according to new GDP level and transmitted to Eurostat – Regional gross value added had been revised according to MSR. Data for regional GVA, GFCF and employment in persons were sent according to transmission program. Page 10

Progres in 2010 and 2011 – Another (minor) revision of GDP: the inclusion of CFC for government non-market producers, the inclusion of EAA into the national accounts, the valuation of output of insurance in line with the ESA 95, the valuation of the output of non-market producers, who satisfy the 50% rule of the ESA 95, • the inclusion of the production of software for own account, • the verification of the size of cross-border flows of CE and • the reviewing of all taxes on production • • – New set of data were prepared for annual GDP for the period 1995 to 2007 and for quarterly GDP for the period 1 Q 2000 to 4 Q 2010 (transmission to Eurostat) – Update of GNI Inventory – revision of sector accounts according to new GDP data Page 11

Progres in 2010 and 2011 (cont. ) – Introduction of quarterly flash estimate at t+60 – The first Su. T for 2004 in current prices – Changeover to NACE Rev 2. of annual and quarterly data – Improvement of constant price estmates of annual and quarterly data Page 12

Future plans - Reconstruction of annual and quartarly GDP series according to NACE Rev 2. , - Improvements of NOE data (illegal economy), - Developing quarterly sector accounts, - Regularly compilation of Su. T and IOT tables, - Developing national accounts database Page 13

Thank you for your attention Jadranka Vuglar Jasna Kiš Tel: +385 (0)1 48 93 447 E-mail: vuglarj@dzs. hr Tel: +385 (0)1 48 93 457 E-mail: kisj@dzs. hr Page 14