Explanatory meeting

ESA2010 Transmission programme

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Luxembourg, 12-13 February 2019

Franca Faes-Cannito

Eurostat C2

National Accounts, prices and key indicators

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OVERVIEW

• Introduction
• ESA2010: Acquis Communautaire
• Purpose of ESA2010-TP
• Advantages of ESA2010
• Tables by domains
• Data and Metadata transmission, data validation, revision policy, quality assessment
• Eurostat website

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Introduction

Importance of standards for economic accounts:

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Main development in statistics is the comprehensive set of statistical standards produced by international organisations. Several classifications are defined within these standards and compatible across all the economic statistics frameworks and statistical collections.

The main economic accounting standards and guidelines directly relevant to the national accounts are:

• System of National Accounts, 2008 (2008 SNA);
• European System of National and Regional Accounts, 2010 (ESA 2010);
• Balance of Payments and International Investment Position Manual, Sixth edition (BPM6), 2009;
• Government Finance Statistics Manual, 2014 (GFSM);
• Monetary and Financial Statistics Manual and Compilation Guide, 2018.

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Introduction

What do the national accounts measure?

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In practice, GDP is the broadest measure of economic activity presented in the national

accounts and, consequently, the most widely used measure.

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Introduction

Who are the main users?

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• The Commission,
• The European Central Bank,
• International organisations,
• National governments,
• Financial markets,
• Universities and researchers,
• Analysts, media and general public.

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ESA2010: Acquis Communautaire

1. Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union
2. Commission Implementing Regulation (EU) 2016/2304 of 19 December 2016 on the modalities, structure, periodicity and assessment indicators of the quality reports on data transmitted pursuant to Regulation (EU) No 549/2013 of the European Parliament and of the Council.

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ESA2010: Acquis Communautaire

3. Commission Implementing Decision (EU) 2018/1891 of 30 November 2018 amending Implementing Decision 2014/403/EU on granting derogations to Member States with respect to the transmission of statistics pursuant to Regulation (EU) No 549/2013 concerning the European system of national and regional accounts in the EU
4. Commission Implementing Regulation (EU) No 724/2014 of 26 June 2014 on the interchange standard for the transmission of data required under Regulation (EU) No 549/2013 of the European Parliament and of the Council on the European system of national and regional accounts in the EU

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ESA2010: Acquis Communautaire

5. Commission Delegated Regulation (EU) 2015/1342 of 22 April 2015 amending the methodology for the classification of products by activity given in Annex A to Regulation (EU) No 549/2013 of the European Parliament and of the Council
6. Commission Delegated Regulation (EU) 2015/1365 of 30 April 2015 on the transmission format for research and development expenditure data.

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ESA 2010 - purpose

Is an internationally compatible accounting framework for a systematic and detailed description of a total economy (that is, a region, country or group of countries), its components and its relations with other total economies (§ 1.01)

1. First part includes the legal text of which:
• Article 3: Member States shall transmit to the Commission the data and metadata
• Article 4: Member States shall provide the Commission (Eurostat) with a report on the quality of the data

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ESA 2010 - purpose

2. Annex A: methodology on common standards, definitions, classifications and accounting rules that shall be used for compiling accounts and tables on comparable bases for the purposes of the Union, together with results (Art. 1, §2)
3. Annex B: a programme setting out the deadlines by which Member States shall transmit to the Commission (Eurostat) the accounts and tables to be compiled in accordance with the methodology referred to in Annex A:
• Date of application and of first data transmission

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Advantages of ESA2010

• Timeliness;
• Harmonisation;
• Comprehensiveness;
• Consistency;
• Comparability across EU and internationally;
• Analysing the European economy;
• Mandatory transmission of common set of tables by all MSs;

Ensured data quality

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Annex B - DATA TRANSMISSION

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Annex B - TABLES BY DOMAINS: Main aggregates + industry tables

• Table 1 — Main aggregates — quarterly and annual exercise (1995Q1/1995 onwards)
• T_0101 Gross value added at basic price and gross domestic product at market price
• T_0102 GDP identity from the expenditure side
• T_0103 GDP identity from the income side
• T_0110 Population and employment
• T_0111 Employment by industry
• T_0117 Final consumption expenditure of households by durability
• T_0120 Exports of goods and services by Member States of the EU / third countries.
• T_0121 Imports of goods and services by Member States of the EU/third countries

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Annex B - TABLES BY DOMAINS: Main aggregates + industry tables

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Annex B - TABLES BY DOMAINS: Main aggregates + industry tables

• Table 3 — Tables by industry – annual (1995 onwards)
• T_0301 Output
• T_0302 Capital formation
• T_0303 Employment

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• Table 20 — Cross classification of fixed assets by industry and by asset (stocks) – annual (2000 onwards)

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• Table 22 — Cross classification of gross fixed capital formation (GFCF) by industry and by asset (transactions) – annual (1995 onwards)

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Annex B - TABLES BY DOMAINS: Main aggregates + industry tables

• Table 5 — Household final consumption expenditure - annual (1995 onwards)
• T_0501 Final consumption expenditure of households by purpose
• T_0502 Final consumption expenditure of households

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Annex B - TABLES BY DOMAINS: Regional tables - Annual

• Table 10: Tables by industry and by region (NUTS level 2 - 2000 onwards)
• T_1001 - Tables by region (NUTS II)
• T_1002 - Tables by industry and by region (NUTS II)
• Table 12: Tables by industry and by region (NUTS level 3 - 2000 onwards)
• T_1200 - Tables by industry, A*10 and by region (NUTS III)
• Table 13: Households accounts by region (NUTS level 2 - 2000 onwards)
• T_1300 - Households accounts by region (NUTS II)

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Annex B - TABLES BY DOMAINS: SUIOT tables

• Table 15 — Supply table at basic prices, including transformation into purchasers’ prices (current prices and previous year’s prices) – Annual (2010 onwards)
• Table 16 — Use table at purchasers’ prices (current prices – annual (2010 onwards) and previous year’s prices 5-yearly (2015 onwards))
• T1610 - Use table at basic prices
• T1611 - Use table for domestic output at basic prices
• T1612 - Use table for imports at basic prices
• T1620 - Table of trade and transport margins
• T1630 - Table of taxes less subsidies on products

Table 17 — Symmetric input-output table at basic prices (product by product) 5-yearly (2010 onwards)

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Data transmission

• MS shall provide data required by the Regulation (EU) No 549/2013 using SDMX (Statistical Data and Metadata Exchange) data structure definitions,
• Data shall be transmitted to Eurostat no later than the day they are published by the national authority,
• MS shall provide data and metadata in SDMX-ML format.

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Metadata transmission

Why metadata is needed?

• Better understand the data,
• Good practice:
• inform users what the data is about
• Users' questions, clarification requests
• Improves data quality,
• Help in validation process by Eurostat,
• Requirement of legislation (ESA 2010).

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Data validation

• Validation in accordance with ESS guidelines implementing pre-validation service STRUVAL (Structural Validation) and CONVAL (Content validation)
• Documented rules available in Eurostat Validation Handbook
• Advanced plausibility and consistency checks processed by Eurostat:
• Revisions
• Consistency between prices
• Additivity of breakdowns
• Quarterly versus annual data
• Outliers

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In development for all domains – to be implemented in CONVAL

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Harmonised European Revision Policy (HERP)

• Harmonisation needed
• Across domains within countries
• Across frequencies
• Across countries
• Harmonised European Revision Policy (HERP) on routine and benchmark revisions
• HERP on routine revisions
• Alignment of frequencies
• Full alignment of Q & A in 3rd quarter
• Cross-domain consistency
• Fully consistent revision practice across domains.
• Depth of revisions
• Max depth of revisions in each quarter for both Q & A
• Unlimited depth of revisions in 3rd quarter
• Applicability

Countries commit to perform annual routine revisions in the 3rd quarter, voluntary in 1st, 2nd, 4th

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Quality assessment

• Each Member State shall submit a single quality report covering all the tables of the ESA 2010 transmission programme as set out in Annex B to Regulation (EU) No 549/2013.
• The quality reports shall include information on all the quality criteria laid down in Article 12(1) of Regulation (EC) No 223/2009.
• The information shall be presented according to the following structure:
• Relevance ,
• Accuracy and reliability ,
• Timeliness and punctuality,
• Accessibility and clarity,
• Coherence and comparability.

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Eurostat Website

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Eurostat Website

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Eurostat Website

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Metadata

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THANKS FOR YOUR ATTENTION

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