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Revision of GDP data
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Revision of GDP data

Last update: 28.10.2022
Ilustratívny obrázok/Illustrative image
Publisher: Štatistický úrad SR
Topic: Macroeconomic statistics
Domain: National accounts
Publish Date: 28.10.2022

The revision recorded a lower decline in the economy of the SR in the Covid year of 2020, but also its slower growth in the first half of 2022

In accordance with the national revision policy, the Statistical Office of the SR carried out a data revision in the System of National Accounts, which affected the annual and quarterly data on Gross Domestic Product (GDP) and its components for the years 2010-2021.

The impact of the revision adjusted both real and nominal gross domestic product (GDP) in individual years from +0.3% of GDP to +1.4% of GDP. At the same time, the impact of the revision in individual quarters represents changes from +0.3% to +1.7% of GDP (both in current and constant prices).

Following the revision, the decline in the economy for 2020 was milder, at the level of 3.4% of GDP at constant prices (a decline of 4.4% was originally published). The GDP growth rate in 2021 remains unchanged, although the values in individual quarters have been slightly adjusted. The change also affected the current year 2022, the performance of the economy in the first two quarters was slower than the figures reported before the revision (in the last current 2nd quarter of 2022, the growth was only 1.3% compared with the original value of 1.8%).

The revised annual data were published by the SOSR in the central DATAcube. database, in Chapter 2.1. – National accounts. More detailed information is published in the Methodological Notes - Annual Accounts, as well as in the Methodological Notes – Quarterly Accounts.

The SOSR notes that the public DATAcube. database will be unavailable from 28 October 2022 from 12:00 p.m. to 31 October 2022 until 10:00 a.m. due to security measures taken to protect systems during the integrated elections.

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