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Regional economic accounts (reg_eco10)

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: National Statistics Office (NSO)

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Regional accounts apply national-accounting concepts at a regional level, using the same classifications such as NACE Rev. 2. Regional Gross Value Added (GVA) can be measured either through the production approach, output at basic prices minus intermediate consumption or through the income approach, which sums wages and salaries, employers’ social contributions, other taxes less subsidies on production, consumption of fixed capital, and net operating surplus.

Regional Gross Domestic Product (GDP) is calculated as GVA plus taxes on products minus product subsidies. The Regional, Geospatial, Energy and Transport Statistics unit publishes annual regional accounts compiled using the production approach in line with ESA 2010 and EU Regulation 549/2013, with auxiliary indicators such as GDP per capita reported in euros at current prices.

The following table outlines an overview of the compiled variables which are published on the NSI website and those transmitted to Eurostat:

Variables published on Website

Variables transmitted to Eurostat

B1G at basic prices by year, industry and region

B1G Total A10 and by industry at current prices

B1GQ at market prices by year and region

B1G Total A10 and by industry at previous year prices

Employment in persons by year sex and industry

Total employment and self-employed in persons A10 and by industry

Persons registering for work by age, sex, district and duration of employment.

Total employees (SAL) A10 and by industry

Note: on the website, we distinguish between employment by place of work and employment by place of residence

B1GQ at current prices

Population by locality

Population

One variable which is published on website but not transmitted to Eurostat is ‘Persons registering for work’ by age, sex, district (LAU 1) and duration of unemployment.

30 October 2025

Regional GDP measures and compares the economic activity of different areas and is the key indicator for determining which regions qualify for EU investment support. It represents the final output of resident producers and can be calculated through the output, expenditure, or income approaches, though regional estimates rely solely on the output method due to limited trade data.

These estimates follow ESA 2010 standards, using gross value added at basic prices as the core variable and treating extra-regio production like any other region, except that it lacks GDP per capita because it does not account for population. Population and employment are defined as permanently settled individuals and all persons engaged in productive activity are essential complementary indicators that help convert monetary aggregates into comparable measures, and all transactions in regional accounts are assigned to the region where the producing unit or household resides.

GDP for Malta is compiled in a combination of bottom-up and top-down approaches. For the private sector, the top-down approach is utilised, whereby the regional breakdown is based on employment figures. Given that regional data is available for the public sector, a bottom-up approach is used for the distribution.

Employment data is collected from ‘Jobsplus’ which is the national employment agency in Malta and is based on the domestic concept. Data for regional employment is also based on employment by place of work which considers those persons who effectively work in the respective regions, irrespective of their locality or region of residence.

In Malta, the statistical unit is defined as the institutional unit (consistent with ESA). Business accounts are generally available for entire enterprises, the enterprise being the smallest legally independent institutional unit.  The KAU concept is used in exceptional cases only for large enterprises which can provide the basic data sources necessary for the compilation of production, intermediate consumption, compensation of employees, operating surplus, employment and gross fixed capital formation. In such cases legal units are split across industries. The concept of homogeneous units is not applied in Malta.

The national accounts population of a country consists of all resident statistical units (institutional units or local KAUs, see section 3.5). A unit is a resident unit of a country when it has a centre of predominant economic interest on the economic territory of that country, that is, when it engages for an extended period (one year or more) in economic activities on this territory.

National accounts and regional accounts are exhaustive. This means that all resident statistical units are covered.

The annual population in regional accounts is derived as the monthly average headcount of all individuals, whether Maltese or foreign nationals, who are permanently resident in Malta, irrespective of any temporary absence from the country.

Consistently with the domestic concept, persons employed in resident units are included, regardless of age or where the person is resident. All persons engaged in a productive activity, within the production boundary of national accounts, should be covered (this includes conscripts, people living in collective households, seasonal and cross-border workers etc).

The database used for estimating employment is exhaustive with respect to self-employed individuals and part-time workers. In the context of Malta, cross-border employment is considered negligible and is therefore not explicitly accounted for in the estimates.

For the purpose of regional accounts, MALTA is divided as follows:

 

NUTS 0

NUTS 1

NUTS 2

NUTS 3

MALTA

    MT

   MT0

    MT00

 

    Malta

 

 

 

MT001

    Gozo and Comino

 

 

 

MT002

Extra-regio

 

   MTZ

    MTZZ

MTZZZ

The regional territory includes the region that is part of the geographic territory of a country and any free zones, including bonded warehouses and factories under customs control in the region. The extra-regio territory is made up of parts of the economic territory of a country that cannot be attached directly to a single function.

The reference period to be used for presenting annual regional accounts data is the calendar year.

All time-series can be revised according to new revised data from source. Variables such as turnover, intermediate consumption which affect GVA and GDP can be revised from quarter to quarter depending on new administrative and company data. Revisions for open years are generally taken on baord as minor routine revisions. Major revisions referring to changes in definitions, classifications, changes in methodology or significant revisions from data sources are considered as major revisions. Some of these revisions may also be taken on board during benchmark revisions which take place every 4 to 5 years.

Employment and population tend to be more accurate from source data and only minor revisions from recent years are envisaged.

  • GVA data at basic prices (B.1g) (NUTS 3) are compiled and disseminated in thousand Euro.
  • GDP data at market prices (B.1*g) (NUTS 3) are compiled and disseminated in thousand Euro.
  • GDP per capita (NUTS 3) is compiled and disseminated in Euro.
  • Population data (NUTS 3) are disseminated in number of persons.
  • Employed persons data are compiled and disseminated in number of persons.
  • ESA2010 Questionnaire - Households accounts by region (NUTS II)

With the exception of variables on population and labour that are expressed in number of persons and hours worked, data series are expressed in millions of euros.

Regional accounts are compiled from the production approach at 2-digit NACE level. The GVA of the public sector is computed directly based on the sum of costs while a top-down approach is used for the private sector component. The national figures of output, intermediate consumption and GVA of the private sector are allocated to a region by using the indicator of full-time equivalents of employees as per the location of the producer unit. GDP at market prices (NUTS 3) is then calculated as regional GVA at basic price plus taxes less subsidies on products, while regional GDP per capita is worked out by taking the GDP at market prices of a specific region and dividing it by the population of that region. In addition, consistency is obtained by reconciling with national accounts data.

The sources that are used to compile regional accounts data include: (i) national output, intermediate consumption and GVA of the private sector at 2-digit NACE level; (ii) administrative data from government, (iii) employment by place of work split into full-time, part-time primary and part-time secondary and (iv) population. Recently, SBS micro-data are also being requested to help identify large companies in terms of GVA which operate from Malta region only in order to eliminate completely their presence from Gozo's GDP. Ultimately, the plan is to shift the current top-down approach to a bottom-up process.

Regional account data are disseminated annually. As mentioned in Section 3.1, one difference between data transmitted to Eurostat and published on website is for employed, whereby in Malta we make a difference between employment by place of residence and by place of work. Also, in Malta we publish annual data related to persons registering for work by region, which is not included in the regional account.

Regional accounts data are available at t+12 rather than t+24 as required by the ESA transmission programme. T+12 refers to the reference time-period + 12 months. For example, Regional GDP for reference year 2023 was published in December 2024. Efforts are continuously made for more timeliness of data source collection and reducing the processing time of data.

Geographical comparability is ensured by the application of common concepts and definitions as prescribed in the European System of Accounts, ESA2010. Furthermore, comparability between regions is ensured by the NUTS classification. 

Regional accounts data using a specific methodological framework are comparable over time. Agreed methodological changes are implemented in a coordinated way and include the estimation of back series. Whenever data is not comparable over time, it is considered and treated as a "break" in series with a flag. Regional annual data without breaks according to NACE Rev 2 industry classification and ESA 2010 are provided for Malta at NUTS 3 level from 2000.