ESA 2010 implementation and data quality - ESA 2010
ESA 2010 implementation and data quality
ESA 2010 implementation
ESA 2010 regulation requires that the Commission reviews its application every five years beginning in 2018 and reports to the European Parliament and the Council. The review evaluates:
(a) the quality of data on national and regional accounts;
(b) the effectiveness of the regulation and the monitoring process applied to the ESA 2010 and
(c) the progress on contingent liabilities data and on the availability of ESA 2010 data.
Information on the reviews conducted so far is available below.
- REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the application of Regulation (EU) No 549/2013
ESA 2010 data quality
ESA 2010 data are presented and explained at dedicated webpages:
- National accounts (including GDP and regional accounts),
- Government Finance Statistics,
- European sector accounts,
- Supply, Use and Input-Output tables and
- Pensions in National Accounts.
Furthermore, the ESA 2010 regulation prescribes that the quality of national and regional accounts data sent in to Eurostat is assessed in terms of relevance, accuracy, timeliness and punctuality, accessibility and clarity, comparability and coherence. The modalities, periodicity and indicators of this assessment process are defined in Commission Implementing Regulation (EU) 2016/2304.
The quality reporting and assessment exercise started in 2017 and is carried out annually. By 15 February, Eurostat provides Member States as well as Iceland, Norway and Switzerland with pre-filled national quality reports containing quantitative indicators and qualitative information. The countries complement the national quality reports and send them back to Eurostat by the end of May. Eurostat assesses the results and prepares and publishes an overall assessment based on the national quality reports and other available information:
Note to users
Under the Coronavirus (COVID-19) crisis, planned data releases under the European System of Accounts (ESA 2010) have been prioritized. As it is widely expected that the economic impact will be severe, national accounts data will be of high user interest, reflecting measures undertaken by governments and their impacts on corporations and households. Similarly to other statistics, the crisis is having a direct impact on the production of national accounts, through their data sources. Eurostat and Member States are strongly committed to respect publication deadlines while providing users with the highest possible data quality under the circumstances. Measures are being put in place to mitigate the significant risks related to availability and quality of administrative and primary statistics data, as these data form key inputs to the national accounts. Preparations are ongoing to adapt the methods and use alternative information, where available, to fill gaps. Data and metadata releases will aim to be fully transparent regarding impacts of the COVID-19 crisis on national accounts. For further information, please consult the questions and answers document and metadata published for main GDP aggregates: 2020Q2 and 2020Q1.
ESA 2010 data revisions
Revisions of national accounts are carried out to increase the accuracy of data when data sources provide new information and/or to introduce methodological improvements in the accounts. According to the European Statistics Code of Practice, revisions follow standard, well-established and transparent procedures and advance notice is given on major revisions or changes in methodologies.
To ensure comparability at EU level, national revision policies align to the voluntary recommendations of the harmonised European revision policy for national accounts and balance of payments. Good practices to translate the recommendations into specific actions ensuring accurate, reliable, consistent and comparable data are presented in the Practical guidelines for revising ESA 2010 data.
Benchmark revisions are a coordinated major European revision carried out at least once every five years to incorporate new data sources and major changes in international statistical methodology. They ensure a maximum degree of consistency within national accounts: the longest possible time series as well as consistency across Member States and between domains.
Routine revisions are changes in published data which are related to the regular data production process when data published initially are subsequently updated and released according to a publicly available pre-announced release/revision calendar. Eurostat validates and publishes the revised data in line with its release calendar and as soon as they are transmitted by Member States. According to the harmonised European revision policy for national accounts and balance of payments, the highest consistency of the accounts at EU level is achieved after the publications in quarter 3.
Eurostat encourages Member States to ensure accuracy, reliability, consistency and comparability of the accounts by planning and implementing data revisions in line with the revision policies. The information below provides overview of the implemented major revisions of national accounts, including information about the coordinated benchmark revisions in 2019.
All Member States carry out coordinated benchmark revisions to implement the new ESA 2010 methodology in their national accounts. For details see relevant metadata (click on ). Impacts on the main GDP aggregates are presented here.
Bulgaria, Denmark, Ireland, Italy, Cyprus, Latvia, Luxembourg, Malta, Poland and the United Kingdom carry out major revisions. For details see relevant metadata (click on ) as well as here, on page 36 of the report.
France and the Netherlands carry out benchmark revisions. The United Kingdom carries out a major revision. For details see relevant metadata (click on ). For details on revisions carried out by Bulgaria, Cyprus, France, Ireland, Malta, the Netherlands, Austria, Romania , the United Kingdom and Switzerland see relevant metadata (click on M) as well as here, on page 29 of the report.
18 Member States, namely Belgium, Bulgaria, Germany, Estonia, Spain, Croatia, Italy, Cyprus, Latvia, Lithuania, Hungary, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom, as well as Norway carry out coordinated benchmark revisions of national accounts. Eurostat’s preliminary GDP flash news release of 31 July 2019 pre-announced the revisions. Most of the revised quarterly and annual data are expected to be released by Eurostat from August to October 2019. For details on publication of benchmark revisions, please see this document.
Czechia implemented a benchmark revision..
Next coordinated benchmark revisions are anticipated.