In 2014, the new European System of National and Regional Accounts (ESA 2010) will replace the current ESA 1995, in order to bring the national accounts into line with the new economic environment, advances in methodological research and user needs.
On 26 June 2013, Regulation (EU) No 549/2013of the European Parliament and of the Council on the European System of National and Regional Accounts in the European Union - ESA 2010 was published in the Official Journal of the European Union (L 174/1).
The European Union will fully move to ESA 2010 in September 2014, when the data transmission programme, from Member States to Eurostat, included in the ESA 2010 Regulation enters into application. Therefore, national accounts data will then be compiled across the European Union based on the new methodology. This adaptation of the system of accounts is not only European, but world-wide. Europe's ESA 2010 is the sister of SNA 2008, which is in the process of being implemented all around the world.
External Links
- Eurostat website about ESA 2010