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The document ceased to be valid since  February 27, 2021 according to the Resolution of National Statistical Committee of the Republic of Belarus of January 22, 2021 No. 3

RESOLUTION OF NATIONAL STATISTICAL COMMITTEE OF THE REPUBLIC OF BELARUS

of December 31, 2015 No. 223

About approval of the Technique by monthly assessment of gross domestic product

(as amended on 22-01-2018)

Based on the Regulations on National Statistical Committee of the Republic of Belarus approved by the Presidential decree of the Republic of Belarus of August 26, 2008 No. 445 "About some questions of bodies of the state statistics" National Statistical Committee of the Republic of Belarus DECIDES:

1. Approve the enclosed Technique by monthly assessment of gross domestic product and enact it since assessment of gross domestic product for January, 2016.

2. Recognize invalid:

the resolution of National Statistical Committee of the Republic of Belarus of December 27, 2010 No. 279 "About approval of the Technique by monthly assessment of gross domestic product";

the resolution of National Statistical Committee of the Republic of Belarus of May 31, 2012 No. 55/1 "About entering of amendments and changes into the Technique by monthly assessment of gross domestic product" (The national register of legal acts of the Republic of Belarus, 2012, No. 72, 7/2065);

the resolution of National Statistical Committee of the Republic of Belarus of February 18, 2014 No. 24 "About modification of the Technique by monthly assessment of gross domestic product" (The national legal Internet portal of the Republic of Belarus, 07.03. 2014, 7/2719).

3. This resolution becomes effective since February 1, 2016.

Chairman

I. V. Medvedev

 

Approved by the Resolution of National Statistical Committee of the Republic of Belarus of December 31, 2015 No. 223

Technique by monthly assessment of gross domestic product

Chapter 1. General provisions

1. This technique establishes procedure of monthly assessment of gross domestic product (further - GDP) National Statistical Committee of the Republic of Belarus.

2. In this Technique the following main terms and their determinations are used:

the basic period (year) - the period (year) accepted for base of comparison;

gross value added - the difference between release and intermediate consumption estimated by types of economic activity;

GDP - the cost of the goods and services made in the country by all types of economic activity and intended for final consumption, accumulating and net export;

type of economic activity - process when material resources, the equipment, work, technology are combined in such a way that it leads to receipt of uniform set of products (goods or services);

release of goods and services (further - release) - the total cost of the goods and services which are result of economic activity of residents in the accounting period;

index deflator - the relative statistics characterizing the change in price in the accounting period in comparison with the basic period (year);

index of physical amount - the relative statistics of dynamics expressed as a percentage, characterizing change of cost statistics in time provided that the prices in the accounting period did not change in comparison with the basic period (year);

institutional units - legal and (or) physical persons which own goods and assets assume liabilities, participate in economic activity and transactions with other legal and (or) physical persons from own name;

coefficient of change of specific weight of intermediate consumption in release - the relation of specific weight of intermediate consumption in release for the accounting period in the comparable prices to specific weight of intermediate consumption in release for the corresponding period of previous year in current prices;

taxes on products - the taxes levied in proportion to quantity or cost of the made and sold goods and the rendered services or imported goods and services by residents;

non-market release - the cost of manufactured goods and the rendered services most of which part is not intended for realization at market prices;

the comparable prices - the prices of the corresponding period of previous year;

intermediate consumption - the cost of goods and services which are consumed in the accounting period in production process;

residents - the institutional units performing or intending to perform the activities in the economic territory of the Republic of Belarus during the long term (at least a year);

market release - the cost of manufactured goods and the rendered services, implementable or held for sale at economically significant prices;

subsidies for products - the subsidies provided for unit of manufactured goods or the rendered service, that is in proportion to quantity or cost made and the sold goods and the rendered services or imported goods and services by residents;

current prices - the prices of the accounting period;

the services of financial intermediation measured indirectly (further - UFPIK) - the services rendered by banks in accumulation of temporarily free money of one institutional units and their provision in use to other institutional units;

extrapolation (extrapolation) - multiplication of data by the form economic activity for the basic period (year) in current prices on the index of physical amount or the natural indicator which is adequately reflecting dynamics of development of the corresponding type of economic activity.

3. Monthly assessment of GDP within year is performed by the accruing result taking into account features of forming of information base by types of economic activity.

As base for monthly assessment of GDP the quarter calculations of GDP of previous year distributed on months by the accruing result are used.

4. Monthly assessment of GDP is performed by production method.

GDP production method is calculated as the amount of gross values added by all types of economic activity and net taxes on products (taxes on products less subsidies for products).

5. The index of physical amount of GDP is calculated as the relation of GDP of the accounting period in the comparable prices to GDP of the corresponding period of previous year.

6. Calculation of release and intermediate consumption for types of economic activity is performed at the level of sections of the nation-wide qualifier of the Republic of Belarus of OKRB 005-2011 "Types of economic activity" approved by the resolution of the State committee on standardization of the Republic of Belarus of December 5, 2011 No. 85 "About approval, enforcement of the nation-wide qualifier of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2012, No. 43, 8/24941) (further - OKED).

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