Pál Pozsonyi, head of KSH’s national accounts department, said the statistical office would apply the new methodology for publishing nominal GDP for the first time on September 30. All the earlier data will be recalculated by the new methodology dating back to 1995.
KSH department head Zsuzsa Boros Szőke said that R&D areas would be most effected. These expenditures will now be accounted as fixed capital formation rather than costs. The changes could raise GDP of all EU member states by between 0.5 and 4%, she said.
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