Last update: 29.11.2013.
Regional accounts – a regional parallel of national accounts. Methodologically, the indicators ‘gross domestic product’ (GDP), ‘gross value added broken down by kind of activity’ (GVA) and ‘gross fixed capital formation’ (GFCF) corresponded to the European System of Accounts (ESA 95). In accordance with ESA 1995 regulation regional accounts indicators GDP, GVA, GFCF, employees and employment are calculated by workplace method, it means that indicators by enterprises are allocated into regions according to location of their local units. Household Accounts indicators are then allocated according to place of residence of households. Where current regional structured data were impossible to obtain, the regional structure of the previous year was used (this approach is also commonly used abroad if data are not available in the current period).