ESA 2010 transmission programme Hans Wouters European Commission

ESA 2010 transmission programme Hans Wouters European Commission, Eurostat Unit C 2 National and Regional accounts and Bo. P 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 2 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 3 Eurostat

1. Introduction of ESA 2010 (2) • Consistent with SNA 2008 ESA 2010 • Some concepts more detailed • For specific EU purposes ü Contribution EU budget ü Regional aid – structural funds ü Excessive deficit procedure 4 Eurostat

1. Introduction of ESA 2010 (3) • Legally binding ü Use of ESA methodology ü Transmission programme • Into force on 16 July 2013 • To be implemented as of 1 September 2014 5 Eurostat

2. ESA 2010 Transmission program (1) • Set of 23 tables of national accounts data ü ü ü ü Main aggregates Tables by industry, capital stock Sector accounts Financial accounts Regional accounts Government accounts Input-output – supply-use 6 Eurostat

2. ESA 2010 Transmission program (2) • Quarterly (4), annual (17) and multi-annual tables (2) • To be transmitted within specified time limits ü Varying between 2 and 36 months • For defined time periods ü First year varying between 1995 and 2010 • Subject to country-specific (temporary) derogations 7 Eurostat

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 8 Eurostat

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 Ro. W, regions, consumption by purpose, government functions • Other characteristics: valuation, seasonal adjustment, consolidation, use/res – assets/liab • Footnotes 9 Eurostat

2. ESA 2010 Transmission program(5) Content TP: part of table 1 (example) Code List of variables B. 1 g 1. Gross value added at basic prices D. 21 2. a) Taxes on products(3) D. 31 B. 1 g* 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 Etc…. 10 Eurostat

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) • • 11 Eurostat

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 12 Eurostat

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 13 Eurostat

3. Main reasons for changes in TP(4) Reduction reporting burden • Reasons ü MS requests related to reduction of resources ü 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 ü Reduction of requirements for industry breakdowns ü Switch to evolving composition Ro. W breakdown ü ü Eurostat 14

3. Main reasons for changes in TP(5) Legal simplification • Four formerly separate legal acts have been integrated in ESA 2010 legal act ü ü Quarterly non-financial accounts by institutional sector non-financial accounts for general government debt 15 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 16 Eurostat

4. Enlargement countries and ESA 2010 (1) Background: Eurostat work with the EC's • Project work ü Multi-country IPA projects ü National IPA projects ü Grants • Assessments • Data transmission ü Transmission programme ü Transmission tools - SDMX 17

4. Enlargement countries and ESA 2010 (2) Why is ESA 2010 and the TP important for IPA countries? • ESA 2010 TP provides key national accounts information • Comparability with EU countries • Compliance is condition for accession EU 18

4. Enlargement countries and ESA 2010 (3) Introduction of ESA 2010 by enlargement countries • ESTAT recommendation: in September 2014 • Discussed in IPA 2011 workshop in Nov. '12 ü EC's will prepare roadmap for implementation • Roadmap contains two parts ü Implementation methodological changes ü Implementation data transmission ESA 2010 TP 19

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 20

4. Enlargement countries and ESA 2010 (5) Roadmap: methodological changes (cont. ) • July '13: draft roadmap indicating implementation status of 74 issues ü ü Implemented Not implemented but not relevant Not implemented but impact negligible Not implemented, no plans yet 21

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 22

4. Enlargement countries and ESA 2010 (7) Roadmap: transmission programme Eurostat and enlargement countries monitor progress compliance with ESA 2010 • 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 23

ESA 2010 transmission programme Hans Wouters European Commission, Eurostat Unit C 2 National and Regional accounts and Bo. P