Annual National Accounts
Introductory note | Contents |
1.1 This publication contains data from the preliminary sequence of annual national accounts for 2003 and data from the time series of indicators for 1995 to 2002. The data for 2002 are based on the semi-definitive sequence of national accounts. The completion of the definitive sequence will have to be postponed due to the late date set for definitive outputs from major statistical surveys in non-financial corporations and small entrepreneurs.
1.2 The publication noticeably differs from the publication of national accounts so far brought out. It is comprises a system of tables supplied to Eurostat in the framework of the transmission programme and a brief description of procedures applied to compile a preliminary version of annual national accounts for 2003 with focus on the calculation of gross domestic product and national income.
1.3 In the publication “Revised National Accounts 1995-2002”, which was brought out by the CZSO in late August 2004, indices showing the development of output, intermediate consumption and gross value added (GVA) formation were released for individual industries, in comparison with 1995. The indices of GVA were obtained by the separate chain-linking of output and intermediate consumption with year-on-year volume indices. We obtained gross value added at prices of 1995 by subtracting intermediate consumption from output. Then we calculated the published indices of GVA formation in the industries by relating the values for individual years to the referenced year 1995.
1.4 After a series of consultations we drew the conclusion that the method of chain-linking individual items separately with their own year-on-year deflators yielded more accurate results. This publication presents data for individual industries in absolute terms and previous year’s prices, which enables the user to aggregate and chain-link the data as needed. The calculated year-on-year volume indices will thus differ from the already published indices chain-linked to the reference year 1995.
1.5 The new tables appearing in the publication to deal with employment list numbers of one (main) jobholders – i.e. employed persons with main employment. The main employment refers either to the only employment or, where a person has more than one job, the employment with the largest number of hours worked.
1.6 The data on employees in main employment are calculated as the number of employees in the number of occupied jobs (main and secondary activities) multiplied by the share of the number of employees in main employment from the number of employees in the number of occupied jobs. Self-employed persons in main employment (according to the ESA 95 definition) include all employers (entrepreneurs with employees), own-account workers (entrepreneurs without employees) and contributing family workers who regularly work in their enterprises and their work is not any secondary activity. These data are derived as the number of entrepreneurs in the number of occupied jobs (main and secondary activities) multiplied by the share of entrepreneurs in main employment from the number of entrepreneurs in the number of occupied jobs.
Conversion to full-time equivalent for the employee is made by relating hours actually worked by full-time employees (in main employment) to hours actually worked by employees working full time usual in the CR. The full-time equivalent of the entrepreneur is derived as the share of hours actually worked by all entrepreneurs in hours actually worked by entrepreneurs working usually more than 35 hours a week.