Transcript ESA 2010 transmission programme Hans Wouters European Commission, Eurostat Unit C2 National and Regional accounts and BoP Eurostat.

ESA 2010 transmission
programme
Hans Wouters
European Commission, Eurostat Unit C2
National and Regional accounts and BoP
Eurostat
Content
1. Introduction of ESA 2010
2. ESA 2010 transmission programme (TP)
3. Main reasons for changes transmission
programme
4. Enlargement countries and ESA 2010
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Eurostat
1. Introduction of ESA 2010 (1)
• European system of national and regional
accounts
• Three parts: legal act, methodological guide,
transmission programme
• Revision of ESA 1995
ESA 79
ESA 95
ESA 2010
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1. Introduction of ESA 2010 (2)
• Consistent with SNA 2008
ESA 2010
• Some concepts more detailed
• For specific EU purposes
 Contribution EU budget
 Regional aid – structural funds
 Excessive deficit procedure
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1. Introduction of ESA 2010 (3)
• Legally binding
 Use of ESA methodology
 Transmission programme
• Into force on 16 July 2013
• To be implemented as of 1 September 2014
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2. ESA 2010 Transmission program (1)
• Set of 23 tables of national accounts data
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Main aggregates
Tables by industry, capital stock
Sector accounts
Financial accounts
Regional accounts
Government accounts
Input-output – supply-use
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2. ESA 2010 Transmission program (2)
• Quarterly (4), annual (17) and multi-annual
tables (2)
• To be transmitted within specified time limits
 Varying between 2 and 36 months
• For defined time periods
 First year varying between 1995 and 2010
• Subject to country-specific (temporary)
derogations
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2. ESA 2010 Transmission program (3)
Regional
Main agg.
QSA
GDP
QGFS
Detailed breakdowns
Breakdowns
Gov
Regional
COFOG
ASA
Pensions
Assets
GFCF
SUT
IOT
Fin.acc
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2. ESA 2010 Transmission program(4)
Content TP: requirements per table
• List of variables and codes
• Breakdowns: industries, products, sectors, type
of assets, geographical breakdown RoW,
regions, consumption by purpose, government
functions
• Other characteristics: valuation, seasonal
adjustment, consolidation, use/res – assets/liab
• Footnotes
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2. ESA 2010 Transmission program(5)
Content TP: part of table 1 (example)
Code
List of variables
B.1g
1. Gross value added at
basic prices
D.21
2.a) Taxes on products(3)
D.31
B.1g*
Breakdown(2)
A*10
2.b) Subsidies on
products(3)
3. Gross domestic
product market prices
Current
prices
Previous year's
prices and
chain-linked
volumes(10)
x
x
x
x
x
x
x
x
Etc….
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3. Main reasons for changes in TP(1)
Methodological changes
User needs and EU policy needs
Reduction reporting burden
Integration transmission requirements into 1
legal act
• Alignment of international standards for data
transmission (SDMX)
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•
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3. Main reasons for changes in TP(2)
Methodological changes
• 44 issues for revision (SNA)
• 27 (ESA) issues discussed in handbook
Some major issues
• Change in asset boundary – R&D, weapon systems
• Change in sector detail
• New variables or breakdowns
• Treatment of goods sent abroad for processing
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3. Main reasons for changes in TP(3)
User needs and EU policy needs
• Improvement of timeliness
• Improved measurement of wealth
• Grown interest for ageing population
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3. Main reasons for changes in TP(4)
Reduction reporting burden
• Reasons
 MS requests related to reduction of resources
 Relaxed user requirements
• Some important examples
Reduction of backward series
No double reporting
Drop of distributive variables in main aggregates tables
Drop transmission of seasonally adjusted quarterly main
aggregates in previous year's prices
 Reduction of requirements for industry breakdowns
 Switch to evolving composition RoW breakdown
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Eurostat
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3. Main reasons for changes in TP(5)
Legal simplification
• Four formerly separate legal acts have been
integrated in ESA 2010 legal act
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Quarterly
Quarterly
Quarterly
Quarterly
non-financial accounts by institutional sector
non-financial accounts for general government
financial accounts for general government
government debt
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Eurostat
3. Main reasons for changes in TP(6)
Alignment of international standards for data
transmission (implementing SDMX)
• Technical standards have been evolving since last
ESA data transmission programme – chance and
challenge
• Decision to use SDMX for NA data exchanges at
world-level (SNA and ESA) and to coordinate
closely with BOP
• NA data structure definitions (cooperation
between ECB, OECD, IMF, WB and UN)
coordinated by Eurostat
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4.Enlargement countries and ESA
2010 (1)
Background: Eurostat work with the EC's
• Project work
 Multi-country IPA projects
 National IPA projects
 Grants
• Assessments
• Data transmission
 Transmission programme
 Transmission tools - SDMX
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4.Enlargement countries and ESA
2010 (2)
Why is ESA2010 and the TP important for IPA
countries?
• ESA2010 TP provides key national accounts
information
• Comparability with EU countries
• Compliance is condition for accession EU
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4.Enlargement countries and ESA
2010 (3)
Introduction of ESA2010 by enlargement
countries
• ESTAT recommendation: in September 2014
• Discussed in IPA 2011 workshop in Nov. '12
 EC's will prepare roadmap for implementation
• Roadmap contains two parts
 Implementation methodological changes
 Implementation data transmission ESA 2010 TP
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4.Enlargement countries and ESA
2010 (4)
Roadmap: methodological changes
• List of 74 issues
• Based on SNA issues and ESA changes
• 74 issues analysed and classified by all EC's
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4.Enlargement countries and ESA
2010 (5)
Roadmap: methodological changes (cont.)
• July '13: draft roadmap indicating implementation
status of 74 issues
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Implemented
Not implemented but not relevant
Not implemented but impact negligible
Not implemented, no plans yet
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4.Enlargement countries and ESA
2010 (6)
Roadmap: methodological changes (cont.)
• End '13: update of draft roadmap
• Preliminary conclusion: few changes with high
impact on National Accounts results
• EC's will study changes with high impact first
• Most EC's will implement changes in September
2014
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4.Enlargement countries and ESA
2010 (7)
Roadmap: transmission programme
Eurostat and enlargement countries monitor
progress compliance with ESA2010
• By developing questionnaire
• Where 3 groups of tables according to 'level of
importance’ are distinguished
• That is updated by enlargement countries at
least once a year
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ESA 2010 transmission
programme
Hans Wouters
European Commission, Eurostat Unit C2
National and Regional accounts and BoP