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

Content Introduction of ESA 2010 ESA 2010 transmission programme (TP) Main reasons for changes transmission programme Enlargement countries and ESA 2010

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

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

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

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

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

2. ESA 2010 Transmission program (3) Pensions Regional 45d 60d 85d 36m 24m 9m GDP Main agg. QSA QGFS SUTIOT 21m Detailed breakdowns Breakdowns Gov ASA 12m Assets GFCF COFOG Fin.acc Gov 3m

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

2. ESA 2010 Transmission program(5) Content TP: part of table 1 (example) Code List of variables Break-down(2) Current prices Previous year's prices and chain‑linked volumes(10) B.1g 1. Gross value added at basic prices A*10 x D.21 2.a) Taxes on products(3) D.31 2.b) Subsidies on products(3) B.1g* 3. Gross domestic product market prices Etc….

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)

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

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

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

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

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

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

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

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

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

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

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

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

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