Statistická ročenka Jihočeského kraje

 

Methodology

4. MACROECONOMIC INDICATORS, EXPORTS, TERRITORIAL BUDGET, LIVING CONDITIONS, PRICES

MACROECONOMIC INDICATORS

To regionalize gross domestic product and gross value added we newly employed the pseudo-bottom-up method. Basically, it means that for organizations of uni-regional character in sectors – non-financial corporations and households – data were directly aggregated, and for organizations of multi-regional character data were estimated directly for local units according to the regional structure of paid wages. The regionalization of Gross Fixed Capital Formation is made via the volume of investments by place of construction. This chapter includes also data on the Net Disposable Income of Households. The regional GDP indicator and indicators derived from it are yearly revised in accordance with data revisions on national level and methodological changes.

For the purpose of international comparisons, some indicators were converted according to PPS (Purchasing Power Standards) using valid coefficients issued by Eurostat (for Net Disposable Income of Households is used PPCS - Purchasing Power Consumption Standards). All the data in the time series are fully comparable.

Gross Domestic Product is a key indicator of development of the economy. It represents a sum of values added by processing in all branches in activities that are considered within the system of national accounts to be productive (i.e. including services of both market and non-market character). It is used for measuring of performance of the entire economy. It serves to comparison of the rate of economic development of the given country and its regions.

Gross Value Added is gross domestic product without taxes and subsidies on products (when classifying by branch, it is impossible to allocate taxes or subsidies on products by branch).

Gross domestic product from the point of view of uses equals to the sum of final consumption (of households, the government and non-profit organizations serving households), gross capital formation (fixed capital and balance of inventories) and external trade deficit.

Gross Fixed Capital Formation:

  • new investments, reconstructions, modernizations and acquisitions and free acquisition of fixed assets after deduction of their sale and free disposals;
  • acquisition of intangible fixed assets;
  • major improvements to non-produced non-financial assets.
The formation does not include fixed assets with the value lower than CZK 20 thousand, consumer durables purchased by households (e.g. cars, etc.); however, acquisition of a dwelling is included. Excluded are also objects for military purposes (tanks and suchlike), expenditure on research and development, etc.

Net Disposable Income of Households is an amount that households can give to final consumption, savings of financial assets and to accumulation of both tangible and intangible assets. It shows, how the balance of primary income is placed by re-distribution: by current taxes on income, social contributions and benefits and other current transfers. The indicator shows to a great extent the level of material wealth of households permanently residing in individual regions.

Data on year 2006 are based on definitive version of annual national accounts, data on 2007 are based on semi-definitive version and figures on 2008 are based on preliminary version of annual national accounts.

EXPORT

In relation to international practice of some of the EU member states, the Czech Statistical Office surveys external trade with goods according to individual regions. The data sources are data of customs statistics processed from the Single Administrative Documents. Published are only data on exports of goods of individual regions. As for imports, the precise place of final use of goods is unknown in many cases.

TERRITORIAL BUDGET

This subchapter contains selected data on income and expenditure of regional offices, municipalities and voluntary unions of municipalities. With regards to changes of budget rules, it is possible to publish a comparable time series from the year 2003. Data are taken over from the Ministry of Finance, which processes the necessary data from financial statements of individual territorial self-governing units.

LIVING CONDITIONS

Based on the EU membership and in compliance with Act No. 89/1995 Sb., on the State Statistical Service, as amended, the CZSO conducted in the period from February to May 2008 another sample survey on income and living conditions of households under the official title of "Living Conditions 2008“. The Living Conditions Survey is taken also in of other member states EU.

The aim of the survey is to obtain on a long term basis fully comparable data on social situation of the households that are thanks to standard methodology comparable with the other EU countries.

The method of a four-year sample rotation is used, with approximately a quarter of the observed households being replaced every year. Data were collected in all regions of the Czech Republic and the sample dwelling was obtained by utilizing two-stage probability sampling scheme independently for each of the regions, so that the total number of selected dwellings was in proportion to the size of individual region. Necessary data were successfully collected in 11 294 households. The values obtained were grossed up to the whole population using mathematic and statistical methods. The results of the survey with respect to the size of samples are representative data for the region only. At every explication and analyse of the survey results it should be constantly kept in mind, that the results are encumbered by certain mistake (sampling or non-sampling). More information along with tables with estimate of a 95% confidence interval (in which true value of estimated characteristics is situated with a 95% probability) can be found in source publication "Household Income and Living Conditions 2008“ on the website www.czso.cz.

The survey covers all persons who at the time of survey had their regular residence in the surveyed dwelling including persons temporarily absent, i.e. foreign nationals and sub-tenants. Private household is seen as a person or a group of persons who permanently live together and share expenditures to cover their needs. The number of equivalencies shows the composition of households by weight of consumption of individual household members (reflecting cost economies in household equipment and household services serving more than one person in households - household appliances, electricity etc.). According to standard OECD scale the first adult in the household is allocated the weight 1.0, any other person (aged 13+) the weight 0.7 and any child (aged up to 13) the weight 0.5. The EU scale reflects more precisely the economies in number, the weights of equivalencies for the above groups of persons are defined as follows: 1.0 – 0.5 – 0.3. Working persons are persons performing predominantly work activity including those enjoying sickness insurance benefits. Included are also persons with regular income from employment or self-employment, persons who study, receive pension or parental benefits. The unemployed were those individuals who did not have a job at the moment but who wished to have one. Income of individuals and income of households were observed for the year 2007, other data refer to the survey period of 2008. Gross money income includes all kinds of employment income (from employment or self-employment), social income and all other kinds of regular or irregular income awarded to the household or its members. Net money income of a household is obtained by subtracting compulsory health and social insurance contributions and income taxes. The total net income of a household included also income in-kind such as consumption of household own production and goods from own businesses and in-kind benefits of the employees (for example meal allowances). The subsistence minimum was calculated separately for each private household according to its composition, age of children and statutory subsistence minimum amounts effective in 2007. According to the new law the multiples of the subsistence minimum were adjusted to correspond with those stipulated by the new social security law as benefit entitlement limits. Consequently, 2007 results are no longer comparable with those from former years.

PRICES OF AGRICULTURAL PRODUCTS

The prices of agricultural products are measured in the network of selected agricultural producers. They are mostly nominal prices of selected agricultural products related to the main (specified) quality grades. The reported price is a simple arithmetic mean of prices of individual significant contracts, which were executed around the middle of the reference month.

RAW TIMBER PRICES

Reported are average prices of selected raw timber products (assortments) derived from quarterly price surveys related to the last quarter. Prices by regions are observed only for forest owners. The prices are calculated as a simple arithmetic mean of prices of individual business cases realized over the whole period of the reference quarter.

CONSUMER PRICES

Consumer prices of selected price representatives are average consumer prices reported for the regions in December of the reference year, which are, in nature, average values of individual varieties of respective representative. Their arrangement in the table is based on the consumer basket structure in force as from 2007.

REAL ESTATE PRICES

Data on real estate prices are obtained from the Ministry of Finance of the CR, from real estate transfer tax returns, which must be filed by real estate owners (sellers) with respective financial offices after the registered contract of purchase is taken over from the land registry. The establishment of the price information database at financial offices was started by processing tax return data in 1998 pursuant to Decree No. 279/1997, Sb. The database covers transactions in the whole real estate market and is based on real (reported) prices.

The data for individual years released in previous yearbooks cannot be compared due to subsequent conversions of data from administrative sources.



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Other regional information on living conditions and prices is available in the following CZSO publications:


7009-08

Prices of Observed Types of Real Estate (2005-2007)

7009-09

Prices of Observed Types of Real Estate (2006-2008)

7101-09

Consumer Prices Indicies (Cost of Living) - Basic Breakdown

7103-09

Consumer Prices Indicies (Cost of Living) - Detailed Breakdown

3012-09

Household Income and Living Conditions in 2008

Other information is published on the CZSO web pages:
http://www.cbudejovice.czso.cz/x/krajedata.nsf/oblast2/makroekonomika-xc
/csu/xc/rozpocty-xc
/csu/xc/prijmy-xc
/csu/xc/ceny-xc