Quarterly National Accounts - 2 quarter 2014
Y-o-y GDP growth in the Q2 was refined to 2.5%
According to a new estimate, the gross domestic product (GDP) for the Q2 2014 adjusted for price effects and seasonally adjusted * / increased by 2.5%, year-on-year, and in the quarter-on-quarter comparison by 0.3%.
The new estimate is based already on the ESA 2010 standard and on a revision of the annual national accounts. Besides the methodological revision, also an ordinary revision related especially to updated data on excise taxes, to refinement of data sources, and to compilation of the first version of the annual national accounts for 2013 was made.
The most important impacts from the point of view of the methodological revision were related to a change in definition of capital formation (investments). It applied mainly to research and development expenditure, small assets, and other changes resulting from Eurostat requirements. All the changes influenced partially both the y-o-y and q-o-q GDP development.
The overall performance of the economy of the CR increased by 0.3% after the revision in the Q2 compared to the previous quarter. A rather significant increase was recorded by the final consumption expenditure of households, which increased by 0.9%. Capital formation expenditure increased by 1.9%.
The following contributed to the GDP growth in the Q2 2014: capital formation (1.0 p.p.), final consumption expenditure (0.7 p.p.), and external trade balance (0.8 p.p.).
The CZSO, together with the data for the Q2 2014, issues also time series of the annual national accounts (1990–2013) and quarterly national accounts since 1995. Users thus have for the first time available at the same time comparable both annual and quarterly time series in the ESA 2010 standard.
_____________________________
*/ Unless otherwise stated, all data presented in the News Release are adjusted for price, seasonal, and calendar effects.
Contact person: Vladimír Kermiet, Director of the National Accounts Department, phone number (+420) 274 054 247, e-mail: vladimir.kermiet@czso.cz
Used data sources updated as at: 23 September 2014
Related CZSO web page: /csu/czso/1-aktual-hdp
Next News Release will be published on: 14 November 2014 (Preliminary GDP estimate for the third quarter of 2014)
- year 2023 | 4th quarter of 2023 | 3rd quarter of 2023 | 2nd quarter of 2023 | 1st quarter of 2023
- year 2022 | 4. quarter of 2022 | 3. quarter of 2022 | 2. quarter of 2022 | 1. quarter of 2022
- year 2021 | 4. quarter of 2021 | 3. quarter of 2021 | 2. quarter of 2021 | 1. quarter of 2021
- year 2020 | 4th quarter of 2020 | 3rd quarter of 2020 | 2nd quarter of 2020 | 1st quarter of 2020
- year 2019 | 4th quarter of 2019 | 3rd quarter of 2019 | 2nd quarter of 2019 | 1st quarter of 2019
- year 2018 | 4. quarter of 2018 | 3. quarter of 2018 | 2. quarter of 2018 | 1. quarter of 2018
- year 2017 | 4th quarter of 2017 | 3rd quarter of 2017 | 2nd quarter of 2017 | 1st quarter of 2017
- year 2016 | 4. quarter of 2016 | 3. quarter of 2016 | 2. quarter of 2016 | 1. quarter of 2016
- year 2015 | 4th quarter of 2015 | 3rd quarter of 2015 | 2nd quarter of 2015 | 1st quarter of 2015
- year 2014 | 4 quarter 2014 | 3 quarter 2014 | 2 quarter 2014 | 1 quarter 2014
Published: 01.10.2014
The data are valid as of the release date of the publication.
Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz