Impact of the Implementation of ESA 2010 on Volume Measurement

• Main Authors: Petr Musil, Martin Cihlář
• Format: Article
• Language: English
• Published: Czech Statistical Office 2016-06-01
• Series: Statistika: Statistics and Economy Journal
• Subjects: National accounts; ESA 2010; revision; research and development; foreign trade
• Online Access: https://www.czso.cz/documents/10180/32912824/32019716q2005.pdf/59dba687-40d0-41ae-bbdd-5ba77e0bad67?version=1.1

Volume indices are connected with statistical deflation that means recalculation of macro-aggregates to constant prices. Price calculations have to follow changes in definition or delineation of macro-aggregates. New standards of National Accounts (SNA 2008, ESA 2010 respectively) bring many changes that should be taken into account in volume measures. The aim of this paper is to present new methods of deflation that respekt updated definitions and principles. Concept of foreign trade has been changed significantly as globalization is going faster and faster. Re-export and merchanting have become more important especially in small open economies such as the Czech Republic. This phenomenon should be reflected in constant prices calculations. Changes in methodology have also affected volume indices.