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The gross domestic product of Czechoslovakia, 1970-1980 (English)

The paper considers the theoretical and practical problems connected with the estimation Gross Domestic Product (GDP) for the centrally planned economy of Czechoslovakia. In the methodological part the basic differences between the SNA (System of National Accounts) and MPS (Material Product System) accounting systems are discussed and several transformation procedures are presented. The price formation used in Czechoslovak MPS aggregates is briefly described before the problem of converting the data in national currency to US dollars is highlighted. Alternative GDP estimates, exchange rates and growth rates are compared. Own estimates, based on the purchasing parity type comparison with Austria, are presented in comparison with official Czechoslovak indexes. The appendices contain the detailed description of MPS/SNA transformation procedures as well as the statistical tables illustrating the process of GDP reconstruction based on Czechoslovak data for the period 1970-1990.


  • Author

    Havlik, Peter Levcik, Friedrich

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  • Document Type

    Staff Working Paper

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  • Volume No


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  • Country

    Czech Republic,

  • Region

    Europe and Central Asia,

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  • Doc Name

    The gross domestic product of Czechoslovakia, 1970-1980

  • Keywords

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Havlik, Peter Levcik, Friedrich

The gross domestic product of Czechoslovakia, 1970-1980 (English). Staff working paper ; no. SWP 772 Washington, D.C. : World Bank Group.