Eurostat News Release: First estimation of European aggregates based on ESA 2010, ESA 2010 shifts level of EU and euro area GDP upward, growth rates almost unaffected, 17 Οκτωβρίου.
The European system of accounts 2010 (ESA 2010) provides a revised set of concepts, definitions, classifications and accounting rules that enable the EUMember States to produce consistent, reliable and comparable statistical descriptions of their economies. For most Member States the implementation of the ESA 2010 guidelines is accompanied by the incorporation of statistical improvements in their data. While these changes give rise to shifts in the GDP levels of most Member States, growth rates have been almost unaffected.
As a consequence of the changes, the average annual difference between the level of GDP in current prices under ESA 2010 and ESA 95 over the period 1997-2013 amounted to +3.4% in both the euro area2 (EA18) and the EU28. In the United States, the implementation of the 2008 SNA, the international methodological counterpart of ESA 2010, resulted in an upward revision of 3.6% in the level of GDP in 2012.