Contribution of sport to GDP
This year, Statistics Lithuania with the assistance of the EU Expert Group on Sport Statistics (comprising representatives of 16 EU countries, Directorate-General for Education and Culture of the European Commission, and Eurostat) started preparing sport satellite accounts. In December, the representative of the Austrian Institute for Sports Economics Günther Grohall consulted specialists of Statistics Lithuania regarding economic accounts of sports.
Sport satellite accounts are ones of the components of national accounts which are used for calculation of gross domestic product. Sport satellite accounts in monetary terms show economic importance of sport sector to the national economy.
Till now Statistics Lithuania calculated satellite accounts for agriculture, environment, tourism, health. Preparation for calculation of energy satellite accounts is underway.