National accounts are a coherent and consistent set of macroeconomic indicators, which provide an overall picture of the economic situation and are widely used for economic analysis and forecasting, policy design and policy making. Eurostat publishes annual and quarterly national accounts, annual and quarterly sector accounts as well as supply, use and input-output tables, which are each presented with associated metadata.
Annual national accounts are compiled in accordance with the European System of Accounts - ESA 1995 (Council Regulation 2223/96). Annex B of the Regulation consists of a comprehensive list of the variables to be transmitted for Community purposes within specified time limits. This transmission programme has been updated by Regulation (EC) N° 1392/2007 of the European Parliament and of the Council.
Meanwhile, the ESA95 has been reviewed to bring national accounts in the European Union, in line with new economic environment, advances in methodological research and needs of users and the updated national accounts framework at the international level, the SNA 2008.
The revisions are reflected in an updated Regulation of the European Parliament and of the Council on the European system of national and regional accounts in the European Union of 2010 (ESA 2010). The associated transmission programme is also updated and data transmissions in accordance with ESA 2010 are compulsory from September 2014 onwards.
GDP and main aggregates. The data are recorded at current and constant prices and include the corresponding implicit price indices.
Final consumption aggregates, including the split into household and government consumption. The data are recorded at current and constant prices and include the corresponding implicit price indices.
Income, saving and net lending / net borrowing at current prices. Disposable income is also shown in real terms.
Exports and imports by Member States of the EU/third countries. The data are recorded at current and constant prices and include the corresponding implicit price indices.
Breakdowns of gross value added, compensation of employees, wages and salaries, operating surplus, employment (domestic scope), gross fixed capital formation (GFCF) and fixed assets and other main aggregates by industry; investment by products and household final consumption expenditure by consumption purposes (COICOP). The data are recorded at current and constant prices and include the corresponding implicit price indices.
Auxiliary indicators: Population and employment national data, purchasing power parities, contributions to GDP growth, labour productivity, unit labour cost and GDP per capita.
Geographical entities covered are the European Union, the euro area, EU Member States, Candidate Countries, EFTA countries, US, Japan and possibly other countries on an ad-hoc basis.
The data are published:
- in ECU/euro, in national currencies (including euro converted from former national currencies using the irrevocably fixed rate for all years) and in Purchasing Power Standards (PPS);
- at current prices and in volume terms;
- Population and employment are measured in persons. Employment is also measured in total hours worked.