Gross Domestic Product (GDP) - Production Approach


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METHODOLOGICAL INFORMATION
Description

Information is provided for the level of GDP, the analysis of Gross Value Added by economic activity and the taxes less subsidies on products at current prices, at volume measures (constant prices) based on 2010 and at Previous Year Prices.

Method

The estimation of GDP (production approach) is based mainly on the results of the annual economic surveys (SBS) and the quarterly Short Term Statistics (STS) of the Statistical Service of Cyprus, administrative sources, Government Finance Statistics and any data adjustments according to the European System of Accounts 2010 (ESA 2010).

Data Coverage

The statistical data used for the calculation of GDP (production approach) cover all economic activities based on NACE Rev.2 classification system, as well as the taxes less subsidies on products.

Frequency

The statistical data for the calculation of GDP are produced on an annual and on quarterly basis.

Data Availability

The statistical data for GDP are available in electronic form on the Statistical Service website and on the Eurostat website. Statistical time series are available from 1995 (1st quarter 1995) until the last year/quarter that data is available.

Comparability Over Time

The data are comparable over time.

Principal Variables

The main variables are:
- Gross Value Added by economic activity,
- Taxes on products,
- less Subsidies on products.

Classification Systems

Economic activity: Statistical classification of economic activities within the European Community, 2008 (NACE Rev. 2) - The publication of the data is presented by economic activity, analysis A10. 

Legal Framework

Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union.

Last Update

18/10/2021

CONTACT DETAILS
Contact Name
Demetris Ioannou, Maria Constantinou
Οrganisation Unit
National Accounts
Εmail Address
dioannou@cystat.mof.gov.cy, mconstantinou@cystat.mof.gov.cy
Phone Number
22605128, 22602226
















Contact Details
Michael Karaolis Str.
CY-1444, Lefkosia, Cyprus

T: +357 22602129
E: enquiries@cystat.mof.gov.cy
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