Go to top button
Back to top

Regional economic accounts (reg_eco10)

PrintDownload

National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: ELSTAT (Hellenic Statistical Authority)

Need help? Contact the Eurostat user support

Regional accounts are compiled in accordance with the European System of Accounts - ESA 2010 (as defined in Annex B of the Council Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013, amended by Council Regulation (EU) 2023/734 of 15 March 2023).

Gross value added (GVA) is a measure of the value of goods and services produced within a single year by resident producer units. In regional accounts it can be defined from two perspectives: the production approach and the income approach.

Using the production approach, regional GVA at basic prices by industry is equal to the difference between output (at basic prices) and intermediate consumption (at purchasers’ prices).

Using the income approach, regional GVA at basic prices by industry is equal to the sum of other taxes less subsidies on production, wages and salaries, employers’ social contributions, consumption of fixed capital and net operating surplus.

In the regional accounts, however, the emphasis is on methods aligned with the production approach.

Regional accounts provide information on basic economic variables at regional level (region and prefecture levels of Greece). The main economic variables are gross value added, compensation of employees, employment (total employment, employees, self-employed) in persons and hours worked and gross fixed capital formation (investments) for which the available regional data are broken down per sector of economic activity. Data are also provided at regional level for Households Accounts.

In line with the Eurostat data transmission programme (ESA 2010 TP), data transmitted to Eurostat are compiled annually in three tables:

  • T1001 (NUTS 2 and NUTS 3 by NACE Rev. 2-A*10): gross value added at current and previous year prices, total employment, employees and self-employed (persons) and population.
  • T1002 (NUTS 2 by NACE Rev. 2-A*10): compensation of employees, gross fixed capital formation, total employment, employees and self-employed (hours worked).
  • T1300 (NUTS 2, household account): operating surplus and mixed income net, compensation of employees, property income (credit and debit), balance of primary incomes net/national income net, social benefits, other current transfers, current taxes on income and wealth, net social contributions, other current transfers (debit), disposable income net.

12 March 2026

Regional accounts uses national accounts concepts, and follow the statistical concepts and definitions of the European System of Accounts - ESA 2010.  

Comprehensive explanations on concepts, data sources, and compilation methods are available in the Eurostat Manual on Regional Accounts Methods (2013 edition).

The main variables of regional accounts are:

Gross Value Added (GVA) (B.1g) at basic prices is measured as the difference between Output valued at basic prices and Intermediate Consumption at purchasers' prices (ESA 2010, §13.35).

Compensation of employees (D.1) is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done by the latter during the accounting period. Compensation of employees is made up of the following components: wages and salaries (D.11) and employers' social contributions (D.12) (ESA 2010, §4.02).

Employment covers all persons engaged in productive activity (falls within the production boundary of the national accounts). Employed persons are either employees (persons by agreement for another resident unit and receiving remuneration) or self-employed (owners of unincorporated enterprises).

Gross Fixed Capital Formation (GFCF) (P.51) consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of producer or institutional units. Fixed assets are produced assets used in production for more than one year. Gross fixed means that consumption of fixed capital is included. Disposals of fixed assets are treated as negative acquisitions (ESA 2010, §3.124-§3.125).

Gross Domestic Product (GDP) at market prices is the final result of the production activity of resident producer units (ESA 2010, §8.89). The regional allocation of GDP follows the regional allocation of total GVA. 

National accounts aim to capture economic activity within the domestic territory. The elementary building blocks of ESA 2010 statistics are statistical units and their groupings. ESA 2010 defines two types of units, institutional units and local kind-of-activity (KAU) units (ESA 2010, 1.54).

An institutional unit is an economic entity characterized by decision-making autonomy in the exercise of its principal function. A resident unit is regarded as constituting an institutional unit in the economic territory where it has its center of predominant economic interest if it has decision-making autonomy and either keeps a complete set of accounts, or it is able to compile a complete set of accounts.

A local KAU groups all the parts of an institutional unit in its capacity as producer which are located in a single site or in closely located sites, and which contribute to the performance of an activity at the class level (four digits) of the NACE Rev. 2.

An institutional unit comprises one or more local KAUs; a local KAU belongs to one and only one institutional unit.

In general, KAUs are identified in ELSTAT Statistical Business Register. In Regional accounts, we aim at identifying data on LKAUs level to the extent possible, depending on the availability of the underlying data sources.

The statistical population of regional accounts refers to all resident institutional units within a region, i.e., those whose predominant centre of economic interest is located in that territory. A predominant centre of economic interest means that the unit carries out economic activities and transactions of a significant scale over a sufficiently long period (generally, one year or more).

The mid-year estimate of population is used for per capita calculations.

The whole greek territory with breakdown into region and perfecture level.

Specifically, 13 regions at NUTS 2 level and 52 regions at NUTS 3 level. There are no extra regions.

The periods referred to are calendar years.

The data sources used for the compilation of regional accounts are the exhaustive data from administrative sources and the microdata or results from statistical surveys. The accuracy and reliability of the produced results depends on the accuracy and the completeness of the data coming from the primary sources. These data from the primary sources are checked as for their accuracy and completeness and they are continuously revised until they are confirmed, in order to achieve the higher possible level of accuracy and reliability.

Overall accuracy increases with the size of the region concerned, e.g. NUTS 2 data is more accurate than NUTS 3 data.

In addition, Eurostat is performing an annual assessment of the accuracy regarding country data reported to Eurostat under ESA 2010 transmission programme (Quality report).

Data are expressed in million euro for both current and previous year’s prices. Total employment, employees and self-employed are measured in thousands of persons and hours worked.

The compilation of regional Gross Value Added (GVA) and other variables is carried out within the framework of the national accounts system, ensuring full consistency with the national aggregates.

Due to the limited availability of regional data sources, particularly concerning the detailed regional allocation of GVA, bottom-up estimation methods are generally not applied. Instead, top-down approaches are predominantly applied, using suitable allocation keys derived from employment or related indicators.

In most cases, employment-related data — such as the number of employees and self-employed persons, or wages and salaries — are used as the main key variables for the regional distribution of national totals. However, when the quality or reliability of available data differs across levels of the NUTS classification, a two-step allocation procedure may be implemented. For example, in the case of private health activities, GVA is first allocated at the NUTS 2 level based on the regional distribution of hours worked derived from the Labour Force Survey (LFS). In the second step, the GVA is further distributed at the NUTS 3 level according to the regional distribution of administrative staff and nurses, as reported in the annual census of clinics and health centres.

For specific sections, the income approach is also used. Under this method, GVA is decomposed into the main components: gross operating surplus and compensation of employees. The gross operating surplus is allocated to regions using appropriate physical indicators. For example, electricity production is used for the electricity supply sector, while the number of passengers serves as the indicator for water and air transport at the NUTS 3 level. The compensation of employees is distributed regionally according to the structure of employment data, based on wages and salaries, or the number of employees and/or self-employed persons, depending on the specific industry.

The underlying employment and auxiliary data primarily originate from administrative sources and annual statistical surveys conducted by ELSTAT, including the Structural Business Statistics (SBS) and the Labour Force Survey (LFS).

Where necessary, additional information is also sought to improve the robustness and coherence of the regional estimates.

Results from statistical surveys conducted by ELSTAT (Structural Business Statistics surveys, Labour Force survey etc.), data from administrative sources and the results of annual national accounts.

Annual.

 

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

The comparability is ensured by the application of common concepts and definitions (European System of Accounts ESA 2010). Between regions comparability is ensured by the NUTS classification.

By using a common framework, the European System of Accounts (ESA 2010), data can be comparable over time. 

Greek regional accounts data are fully comparable over the period from 2000 to the last reference year.