Czech Regional GDP: Challenges and Comprehensive Estimates

Petr Musil, Jana Fischerová, Jaroslav Kahoun
Statistika, 106(3): 259–275
https://doi.org/10.54694/stat.2025.61

Abstract

Statistical descriptions of regions or even cities are usually more popular with users than those at the national level. Users can more easily identify themselves with regional indicators such as the average wage. However, the production of regional indicators is more demanding in terms of data sources. National statistical institutes mostly do not officially publish all components of regional GDP, but rather select a few, such as gross value added or gross fixed capital formation, due to a lack of data. This paper aims at regional GDP in Czechia in particular to estimate missing components of regional GDP as well as analyse the results. It uncovers difficulties connected with the estimates. In addition, the effect of different regional price levels is assessed, regional indicators are adjusted accordingly. The findings indicate substantial differences in the regional GDP structure as well as notable variations of regional price levels. The analysis is conducted for the year 2020.

Keywords
Regional expenditures, GDP, national accounts, regional accounts, experimental estimates, NUTS 3 regions