Hidden Economy To Be Included In Bulgaria's GDP

Hidden Economy To Be Included In Bulgaria's GDP

Bulgaria's National Statistics Institute (NSI) will start calculating the country's GDP by a new method – European System Of Accounts 2010, reports Dnevnik.bg.
“The method includes data for “hidden economy”, said the head of the Macroeconomic statistics department of NSI Elka Atanasova at a news conference.
The introduction of the European System Of Accounts 2010 was announced in June. 
According to Atanasova, NSI will not be doing statistical surveys, but will use information from official reports. 
She said several EU countries have already introduced the new methodology and the nominal change of GDP value was between 2 and 6%. According to her, however, it will not change the GDP growth rate, compared to previous periods. 
 
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