Regular estimates The National Accounts and EAA of the Netherlands (online) are published in in the first half of July every year. This release provides provisional estimates for the most recent year (n-1) and the ‘final’ estimates for years earlier. Provisional data are subsequently adjusted. Published final data are generally not revised and remain unchanged until the next benchmark revision. In general, preliminary data contain less detail in products than the final results. For both provisional and final National Accounts and EAA, the comparability of results over time is ensured. The (provisional) AII estimates of year n are available in November (first forecast) and in January (second forecast). Further information on benchmark revisions The national accounts and EAA provide a quantitative description of the economic developments in the Netherlands which took place in a certain period of time. The information required for the compilation of the National Accounts and EAA is obtained from a large variety of sources which may over time differ in composition and quality. Changes in data sources can lead to new insights with regard to level estimates and price and volume changes of variables. Because the information requirements of National Accounts and EAA users also change in the course of time, it may be necessary to amend definitions, classifications and estimation methods. A proper description of an economic phenomenon (actor, transaction) should satisfy two conditions: • Up-to-date level estimates; • Correct growth estimates (continuity principle). Up-to-date levels refer to description of the economic process for a given period of time, applying the latest insights in definitions, statistical sources, etc. Continuity refers to comparability of the data over a sequence of periods, resulting in proper estimates of value, volume and price changes. It is not (always) possible to meet both requirements simultaneously. In the Dutch National Accounts and EAA, priority is given to the continuity condition and ensuring that the data are comparable with those of a pre-determined base year, the year for which the latest benchmark revision was carried out. To this end, price and volume changes of product transactions between individual periods are estimated as accurately as possible. Level estimates are brought back to source statistics when conducting benchmark revisions. In this way the continuity requirement is met at all times. The up-to-date levels requirement is met by frequently conducting benchmark revisions when level estimates of national accounts variables are adjusted in line with the latest findings in the field of concepts, definitions, classifications, estimation methods and the like. In a benchmark revision, all recent insights are processed simultaneously and all level estimates are reviewed. Subsequently the existing time series are back-casted accordingly, restoring comparability over time. Benchmark revisions obviously require considerable effort, which makes annual benchmarking and back-casting very resource demanding. The national accounts and EAA are revised periodically, however not too frequently in order not to distort the comparability of data over time too often. Limiting the occurrence of data gaps and disturbances in time series is much appreciated by the users of national accounts and EAA. Over the last four decades benchmark revisions of the Dutch national accounts have taken place for the following reporting years: 1977, 1987, 1995, 2001, 2010 and 2015. New industrial classifications were implemented for the reporting years 1993 (NACE, rev. 1) and 2008 (NACE, rev. 2). These ‘technical’ adjustments did not lead to revisions of the macroeconomic data. From now, benchmark revisions take place for the reporting years ending in 0 or 5. This means that the next benchmark revision is about statistical year 2020. The main reason for the last 2010 benchmark revision are the conceptual changes as laid down in ESA 2010. Conceptual changes in ESA 2010 compared to ESA 95 concern in particular the broadened scope of gross fixed capital formation and amending some of the consequences of globalisation. The scope of gross fixed capital formation is extended with respect of intangible assets (intellectual property products).They are now seen as a typical feature of the present (new) economy. The main item in this field is research and development (R&D). Other important items are military equipment, economic ownership and illegal activities as illegal production of cannabis, heroine, XTC, prostitution etc. Although the current EAA manual is still based on ESA 1995 definitions, many of the conceptual ESA 2010 changes are also implemented in the revised EAA for the Netherlands (with the exception of illegal activities). However, these changes had a very small impact to the revised EAA figures. Another reason for the 2010 and 2015 revision is to accommodate the changes in statistical information. Since the 2001 benchmark revision many changes in the compilation of source statistics took place. As a consequence of the continuous attention paid by Statistics Netherlands to the reduction of the administrative burden on the business community, statistics are to a lesser extend based on surveys and more increasingly on existing administrative data like tax registers. The information in tax registers is often less detailed but on the other hand holds a nearly exhaustive coverage of the target population. An important example is the use of VAT declarations in the compilation of business statistics (for the agricultural domain e.g. business statistics on agricultural services). In the past, samples were grossed up to the target population as registered in the general business register. Nowadays turnover from the VAT-declarations is used as target for grossing up samples for small and medium enterprises. A second important administrative source used in this benchmark revision are the tax declarations for wages. These are the most important source for the estimation of the compensation of employees and the number of jobs in the NA and EAA. They also provide an opportunity to check the plausibility of business survey statistics.
Regarding the regular estimates for the Eurostat September update, the provisional figures of the EAA for year n are ready for year n-1. Definitive accounts for year n are available for the year n-2. (The (provisional) AII estimates for year n are available in November of year n (first forecast) and in the next January (second forecast).
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