REVISION OF THE GROSS DOMESTIC PRODUCT IN 2011–2012
Pursuant to the European Commission Regulation No 715/2010 of 10 August 2010, the EU Member States have to go over to the new classification of economic activities NACE Rev. 2 in national accounts (in Estonia, EMTAK 2008) in September 2011 for the years since 2000 and in September 2012 for the years 1995-1999.
In autumn 2011, Statistics Estonia released the Gross Domestic Product (GDP) time series data since 2000 that comprised the following revisions:
1) the GDP time series were revised pursuant to the new classification of economic activities and products (EMTAK 2008, which corresponds to NACE Rev. 2), and new versions of Statistical Classification of Products by Activity in the European Economic Community 2008 (CPA 2008) and the real GDP by production approach was recalculated by the double deflation (irregular major revisions);
2) 2007 annual and quarterly GDP was revised according to the Supply and Use Tables (SUT) and the 2009 GDP was revised according to the Structural Business Survey (in Estonia – EKOMAR) (regular revisions).
Besides, reference year 2000 was shifted to 2005 when chain-linking the GDP figures.
On 3 April 2012, Statistics Estonia released the GDP time series data of 1995–1999, which have been revised according to the new classification of economic activities EMTAK 2008, which corresponds to NACE Rev. 2.
Summary of the GDP revision http://www.stat.ee/dokumendid/63244
National Accounts Service
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