European system of national and regional accounts in the Community

European system of national and regional accounts in the Community

Outline of the Community (European Union) legislation about European system of national and regional accounts in the Community

Topics

These categories group together and put in context the legislative and non-legislative initiatives which deal with the same topic.

Budget

European system of national and regional accounts in the Community

Document or Iniciative

Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community [See amending acts].

Summary

The European system of national and regional accounts (“ESA 1995”) makes it possible to describe the total economy of a region, country or group of countries, its components and its relations with other total economies.

The ESA is focused on the circumstances and needs of the EU. It can therefore serve as the central framework of reference for the social and economic statistics of the European Union and its Member States.

Content of the ESA

The ESA 1995 comprises two sets of tables:

  • the sector accounts *;
  • the input-output framework * and the accounts by industry *.

The purpose of this Regulation is to set up the ESA 1995 by providing for:

  • a methodology on common standards, definitions, classifications and accounting rules, that is intended to be used for compiling accounts and tables on comparable bases between the Member States for the purposes of the Community;
  • a programme, Eurostat, for transmitting on precise dates the accounts and tables compiled according to the ESA 1995.

Use

The Commission uses the national accounts aggregates for Community administrative and budgetary calculations. The ESA applies to all Community acts in which reference is made to it or to the definitions it lays down.

Key terms used in the act
  • Sector accounts: these provide, by institutional sector, a systematic description of the different stages of the economic process: production, generation of income, distribution of income, redistribution of income and use of income, as well as financial and non-financial accumulation; they also include balance sheets to describe the stocks of assets, liabilities and net worth at the beginning and at the end of the accounting period.
  • Input-output framework and accounts by industry: these describe in more detail the production process (cost structure, income generated and employment) and the flows of goods and services (output, imports, exports, intermediate consumption and capital formation by product group).

References

Act Entry into force Deadline for transposition in the Member States Official Journal
Regulation (EC) No 2223/96 20.12.1996 OJ L 310 of 30.11.1996
Amending act(s) Entry into force Deadline for transposition in the Member States Official Journal
Regulation (EC) No 2516/2000 7.12.2000 OJ L 290 of 17.11.2000
Regulation (EC) No 359/2002 20.3.2002 OJ L 58 of 28.2.2002
Regulation (EC) No 1392/2007

30.12.2007

OJ L 324 of 10.12.2007

Regulation (EC) No 400/2009

10.06.2009

OJ L 126 of 21.5.2009

Regulation (EC) No 715/2010

31.08.2010

OJ L 210 of 11.8.2010

Subsequent amendments and corrections to Regulation 2223/96 have been incorporated in the basic text. This consolidated version  is for reference purpose only.

Related Acts

Council Regulation (EC, Euratom) No 1150/2000 of 22 May 2000 implementing Decision 94/728/EC, Euratom on the system of Community own resources [Official Journal L 130 of 31.5.2000].
See consolidated version

Council Regulation (EC) No 479/2009 of 25 May 2009 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community [Official Journal L 145 of 10.6.2009].
See consolidated version

Council Regulation (EEC, Euratom) No 1553/89 of 29 May 1989 on the definitive uniform arrangements for the collection of own resources accruing from value added tax [Official Journal L 155 of 7.6.1989].
See consolidated version

Council Directive 89/130/EEC, Euratom of 13 February 1989 on the harmonisation of the compilation of gross national product at market prices [Official Journal L 49 of 21.2.1989].
See consolidated version consolidated version

Leave a Reply

Your email address will not be published. Required fields are marked *