QUARTERLY GDP ESTIMATE OF THE REPUBLIC OF CROATIA FROM THE FIRST QUARTER OF 1994 TO THE FOURTH QUARTER OF 1996 - EXPENDITURE APPROACH

The paper shows methodological bases for accounting of gross domestic product categories according to expenditure approach harmonized with international references shown in SNA 1993 and ESA 1995. It is also shown methodological approach used in annual and quarterly GDP accounting by the State Bureau of Statistics of the Republic of Croatia and compatibility of theoretically suggested and empirically applied accounting method.The State Bureau of Statistics controls quarterly gross domestic product accounting according to expenditure approach for the period 1997-2000 and annual data are available for the period 1994-1998. The purpose of this paper is development estimate of quarterly gross domestic product according to main components of aggregate demand for the period 1994-1999. The existence of such series greatly enriches inadequate statistical sources in the Republic of Croatia and offers the possibility for better analysis of economic reality and modelling of economic occurences. The applied method for coordination of of ficialannual and estimated quarterly data is the Bassie method. The period before 1997 is characterized by inadequacy of availability and quality of data sources. These problems determine in advance quality and received development estimates of quarterly GDP. Weconsider that credibilty of received series is sufficient and a number of observations after coordination of quarterly and annual data sufficient, to use these series in majority of statistical and econometric programmes.