Regional Account

Producer: Statistics Finland
Homepage: http://www.stat.fi/til/altp/index_en.html
Main topic: National Accounts
Related topics:
Official Statistics of Finland (OSF): Yes
European Statistical System (ESS): Yes

Description

Regional accounts are an extension of national accounts from which data are available by sub-regional unit, region, major region, as well as by other regional divisions based on municipalities if required. The statistics also contain comparison data on regional structures, and on their development and levels. The comparisons are usually made with data on the whole country, but occasionally also on the EU countries.

Data content

Regional accounts of production and employment describe Finland’s region-al economics with the concepts and definitions of national accounts by loca-tion of production unit. The accounts are compiled in accordance with the guidelines of the European System of Accounts (ESA 2010). In the regional accounts, production is broken down into output, intermediate consumption, value added and compensations of employees. Employment is broken down into self-employed persons and wage and salary earners. Apart from these, the calculation also extends to gross fixed capital formation, i.e. investments by region. Household sector accounts use the same concepts and definitions as the household sector accounts of national accounts. Regional household ac-counts deviate from national accounts in that they include profits from sale of property. If required, the data are also available exclusive of profits from sale of property precisely in accordance with national accounts.

Classifications used

Areas: NUTS 1 (Mainland Finland and Åland Islands), NUTS 2 (major regions), NUTS 3 (regions) and LAU 1 (sub-regional units). Industries and sectors are classified by the classifications used in national accounts. As appropriate, the indicators are compiled by the classifications used in regional and national accounts. Areas are classified by the regional division into sub-regional units, regions and major regions in accordance with the year of release of regional accounts.

Data collection methods and data sources

Data for the whole country are obtained from national accounts. Several basic statistics and registers are used in calculating regional data. These include: Data on establishments in the Business Register, Business structures statistics, Statistics on finances and activities of municipalities and joint municipal boards, Data on financial statements of the state, Statistics on agricultural enterprises and income, Data on financial statements of credit institutions, Data on personal taxation, Data on dwelling stock, Household Budget Survey and Vehicle register.

Data collections

Updating frequency

Annually.

Time of completion or release

Statistical reference year + 24 months.

Time series

From 2000 onwards, the time series follow the Standard Industrial Classifi-cation TOL 2008. Starting from 2010 to 2012, the time series follow the 2010 European Sys-tem of Accounts (ESA 2010).

Keywords

current transfers, current transfers paid, current transfers received, disposable income, employed persons, employment, gross domestic product, households, income, investments, national accounts, production, regional accounts, regional development, regional economics, supply, value added

Contact information

http://tilastokeskus.fi/til/altp/yht_en.html


Last updated 05.10.2017