ESA 2010 transmission programme

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

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

3. 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

4. 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

5. 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

6. 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

7. 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

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

9. 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, governmentfunctions • Othercharacteristics: valuation, seasonaladjustment, consolidation, use/res – assets/liab • Footnotes

10. 2. ESA 2010 Transmission program(5) Content TP: part of table 1 (example)

11. 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)

12. 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

13. 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

14. 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

15. 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

16. 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

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

18. 4.Enlargement countries and ESA 2010 (2) Whyis ESA2010 and the TP important for IPA countries? ESA2010 TP provides key national accounts information Comparabilitywith EU countries Complianceis condition for accession EU

19. 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'swillprepareroadmap for implementation • Roadmapcontainstwo parts • Implementationmethodological changes • Implementation data transmission ESA 2010 TP

20. 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

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

22. 4.Enlargement countries and ESA 2010 (6) Roadmap: methodological changes (cont.) • End '13: update of draftroadmap • Preliminary conclusion: few changes with high impact on National Accountsresults • EC'swillstudy changes with high impact first • Most EC'swillimplement changes in September 2014

23. 4.Enlargement countries and ESA 2010 (7) Roadmap: transmission programme Eurostat and enlargement countries monitor progresscompliancewith ESA2010 By developing questionnaire Where 3 groups of tables according to 'levelof importance’ are distinguished That isupdated by enlargement countries at least once a year

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