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Regional economic accounts (reg_eco10)

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Compiling agency: Statistical Office of the European Union (Eurostat)

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Regional accounts are a regional specification of the national accounts and therefore based on the same concepts and definitions as national accounts (see domain nama10). The main specific regional issues are addressed in chapter 13 of ESA2010, but not practically specified. For practical rules and recommendations on sources and methods see the publication "Manual on regional accounts methods".

Gross domestic product (GDP) at market prices is the final result of the production activity of resident producer units. In regional accounts it can be calculated from:

1. Output approach

GDP is the sum of gross value added of the various institutional sectors or the various industries plus taxes and less subsidies on products (which are not allocated to sectors and industries). It is also the balancing item in the total economy production account.

2. Income approach

GDP is the sum of uses in the total economy generation of income account: compensation of employees plus gross operating surplus and mixed income plus taxes on products less subsidies plus consumption of fixed capital.

Contrary to national accounts GDP is not compoled from the expenditure side in regional accounts due to data limitations on the inter-regional flows of goods and services.

The different measures for the regional GDP are absolute figures in € and Purchasing Power Standards (PPS), figures per inhabitant and relative data compared to the EU Member States average.

30 April 2025

The regional gross domestic product (GDP) is used in order to measure and compare the economic activity of regions. It is the most important indicator for the selection of regions eligible for support under the investment for growth and jobs goal of the EU's regional policy.

Regional gross domestic product data are Eurostat estimates based on a harmonized methodology. Figures for gross value added at basic prices are used as the basic variable for the estimates. Extra-regio data (i.e. value added created in national regions than on national territory, e.g. in embassies, foreign army bases, offshore energy production, etc.) is treated like any other region; however as there is no population in the extra-regio there is no GDP per capita for the extra-regio.

The conversion to purchasing power standards (PPS) is based on national purchasing power parities (PPP) which are also regularly calculated and released by Eurostat. Regional PPP are not available. All regional accounts data published by Eurostat are based on PPP for the EU Member States.

For the methods of data compilation and collection see the publication "Manual on regional accounts methods": Products manuals and guidelines.

National accounts deal with the economy (or large sub-sectors) as a whole. They combine data from a host of base statistics, and thus have no common sampling reference frame. The elementary building block of ESA2010 statistics is the institutional unit, which is defined as an elementary economic decision-making centre characterised by uniformity of behaviour and decision-making autonomy in the exercise of its principal function. This can be, inter alia, a household, a corporation or a government agency. Institutional units producing goods and services are often engaged in a combination of activities at the same time. As regards the regional GDP, the economy is considered as a whole but the regional level is calculated according to the regional breakdown, called NUTS 1, 2 and 3 (see this website: Eurostat overview).

Regional Accounts combine data from many source statistics. Per inhabitant figures are obtained by dividing absolute figures by the total population. With the implementation of ESA2010, i.e. since the end of 2014, NSIs have to transmit this data as part of the mandatory ESA2010 data transmission programme.

When the annual regional GDP release is prepared, the regional population data is grossed up to the corresponding national population data which NSIs transmitted as part of the ESA2010 data transmission programme for national data. This grossing up ensures coherence between regional and national population data at the time of the regional GDP release. Due to this grossing up the regional population data (Table nama_10r_3popgdp) disseminated under the heading Regional economic accounts (nama_10r) is not identical with the regional population data available under the regional demographic statistics.

European Union Member States, Candidate and potential Candidate Countries, Norway and Switzerland.

The periods referred to are calendar years. Data cover the  period from 2000 to 2023 for GDP, total Value Added and total employment for NUTS 2 regions.

For NACE breakdowns, NUTS 3 and other variables the reference period is 2000-2022, but in some cases, countries voluntary transmitted also 2023 data.

Overall accuracy increases with the size of the region concerned, e.g. NUTS2 data is more accurate than NUTS3 data.

Depending on the variable values are shown in in National Currency, Euros, Purchasing Power Standards, thousands of persons and thousands of hours worked, growth rates or Index 2015=100.

Aggregates for the EU are taken from annual national accounts at the time of the regional release and not updated until the next regional accounts release.

Basic data (i.e. gross value added, population data and the national GDP) used for the calculation of the regional gross domestic product are provided by the National Statistical Institutes' Accounts Departments. The basic statistics come from many sources, including administrative data from government, censuses, and surveys of businesses and households. Sources vary from country to country and may cover a large set of economic, social, financial and environmental items, which need not always be strictly related to National Accounts. In any case, there is no one single survey source for National Accounts.

For further information about sources and collection methods in National Statistical Institutes (NSIs), please refer to National Statistical Institutes.

Annual.

Regional accounts are released based on data transmissions by Member States at the end of December of each year. Data are processed and checked and disseminated only on the day of the GDP release (February each year).

The deadline for the transmission of basic data from NSIs to Eurostat is at the moment T + 12, for NUTS 2 data for total Value Added, total employment and population, and T + 24 months, for all the other data.

The comparability is ensures by the application of common concepts and definitions (European System of Accounts ESA2010). Between regions comparability is ensured by the NUTS classification.

In case of revisions, NSIs usually revise the entire time series. If this is not feasible immediately the break in the time series is shown by the flag “b”. It is important to note that GDP data revisions at national level, which are published in domain nama10, also lead to revisions of regional GDP data at the next release, even if the regional source data may not have been revised.Eurostat uses the latest national available figures for GDP and population to gross-up the regional figures.