6 Oct 2023
Briefing note
United States economic outlook: first half of 2023
United States economic outlook: first half of 2023
Political decisions about subnational development are based on the intensive use of relevant information, optimizing the use and allocation of economic resources. Therefore, it is important to have as much data as possible and at the most detailed level.
Sub-national accounts is an important tool to understand the structure of goods and services produced and how they have evolved in the different territories of a country. The BNP according to economic activities makes it possible to quantify their impact and evolution in the administrative divisions, constituting a fundamental element for decision-making and development planning in a country.
Sub-national accounts are prepared in the same way as a country-level account seeking to reflect the importance of activities, their contribution to the nation and their interrelation with other sub-national levels within the same country on a more disaggregated scale.
Based on a review of the information available in the agencies responsible for compiling the national accounts of the countries in the region, the subnational accounts for the last reference year were systematised according to the production approach (by economic activity). The information is presented in the country’s currency, and in current dollars using the same methodology of harmonisation in the calculation of the national accounts in dollars disseminated by ECLAC.
Sub-national GDP indicators are available for 11 Latin American countries, according to their respective administrative divisions: Argentina by Jurisdiction/Province; Bolivia, Colombia and Peru by Department; Brazil by State; Chile by Region; Ecuador by Canton and Province; Mexico by Federal Entity; Panama by Province; and Costa Rica has the regionalised input-output matrix. Table 1 presents a synoptic summary of the main characteristics of the subnational accounts available in Latin America.
| Countries | Method used | GDP approach | Classifier used | Base year | Activities | Regional disaggregation |
|---|---|---|---|---|---|---|
| Argentina | Descending | Production | ISIC Rev. 3.1 | 2004 | 53 | Province (24) |
| Bolivia (Plurinational State of) | Descending | Production | ISIC Rev. 2 | 1990 | 25 | Department (9) |
| Brazil | Mixed | Production-revenue | ISIC Rev. 4 | 2010 | 18 | Federal State (27) |
| Chile | Descending | Production | ISIC Rev. 4 | 2013 | 12 | Region (15) |
| Colombia | Descending | Production | ISIC Rev. 4 | 2015 | 12 | Department |
| Costa Rica | OUT Descending | __ | ISIC Rev. 4 | 2017 | __ | Cantons (81) |
| Ecuador | Descending | Production | ISIC Rev. 4 | 2007 | 47 | Province (24) |
| Mexico | Descending | Production | SCIAN | 2013 | 32 | Federal State (32) |
| Panama | Descending | Production | ISIC Rev. 3 | 2007 | 15 | Province (10) |
| Peru | Descending | Production | ISIC Rev. 4 | 2007 | 12 | Department (24) |
| Uruguay | Descending | Production | ISIC Rev. 4 | 2008 | 5 | Department (19) |
Source: ECLAC, based on official information available on the websites of each country.
On this occasion, the following indicators that are available on the CEPALSTAT platform for each of the 11 countries mentioned above are disseminated:
- Total annual Gross Domestic Product (GDP) by economic activity at current prices in national currency by subnational area
- Total Gross Domestic Product (GDP) per capita by economic activity at current prices in national currency by subnational area
- Total annual Gross Domestic Product (GDP) by economic activity at current prices in dollars by subnational area
- Total per capita Gross Domestic Product (GDP) by economic activity at current prices in dollars by subnational area
| Graph 1 Plurinational State of Bolivia: Gross Domestic Product per capita by subnational area, 2021 (dollars)
Source: CEPALSTAT |
Graph 1 shows the Gross Domestic Product per capita by subnational area for the year 2021 for Bolivia (Plurinational State of) disaggregated by department, where we can see that the areas with the highest level of GDP per capita are Tarija, Oruro and La Paz.
| Graph 2 Colombia: Value added of agriculture, livestock, hunting, forestry and fishing, by subnational area, 2021 (Million dollars)
Source: CEPALSTAT |
Graph 2 shows the value added of agriculture, livestock, hunting, forestry and fishing for the year 2021 for Colombia disaggregated by department, where we can see that the areas with the highest participation in the national value added for that year are Antioquia, Cundinamarca, Valle del Cauca and Santander.
Users are invited to explore:
- Indicators and statistics available in national currency by following this link.
- Indicators and statistics available in dollars by following this link.
