The methodology for calculating the gross domestic product changed
The main purpose of this revision was to implement the new European System of National and Regional Accounts (ESA 2010). During the revision, all previous calculations were reviewed, new datasets were introduced and, in some cases, calculations were improved. As a result, the corrections in different years are not identical, ranging from -0.2% in 2002 and 2003 to +2.3% in 2010.
In 2010, which is the new base year for calculations, the main changes in the GDP level were as follows:
- Introducing ESA 2010 increased the GDP 1.3%.
- Regular data accrual and revision added 1.1%.
- Methodological improvements reduced the GDP by 0.1%.
In the time series of national accounts, the indicators that are associated with the population number adjusted according to the results of the 2011 Population and Housing Census were updated; indicators regarding dwellings and the labour market estimates associated with the GDP were recalculated as well. Also, the reference year was shifted from 2005 to 2010 when chain-linking the GDP figures.
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| GDP before revision (million euros) | 14 371.1 | 16 216.4 | 17 415.1 | 18 434.7 |
| ESA 2010 changes, % | 1.3 | 1.4 | 1.4 | 1.5 |
| Regular revision, % | 1.1 | -0.1 | 0.3 | 1.0 |
| Other revisions, % | -0.1 | -0.1 | -0.4 | -0.9 |
| Total impact of all revisions on GDP, % | 2.3 | 1.2 | 1.3 | 1.6 |
Additional information about the revisions is available here.
Today, on 8 September at 10:00, Statistics Estonia will hold a briefing to explain the GDP revision and its influence on statistical indicators.