32023R0734

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Document 32023R0734

Regulation (EU) 2023/734 of the European Parliament and of the Council of 15 March 2023 amending Regulation (EU) No 549/2013 on the European system of national and regional accounts in the European Union and repealing 11 legal acts in the field of national accounts (Text with EEA relevance)

PE/64/2022/REV/1

OJ L 97, 5.4.2023, p. 1–114 (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

Legal status of the document In force

ELI: http://data.europa.eu/eli/reg/2023/734/oj

Date of document:: 15/03/2023; Date of signature
Date of effect:: 25/04/2023; Entry into force Date pub. +20 See Art 4.1
Date of effect:: 01/09/2024; Application Partial application See Art 4.4
Date of effect:: 01/09/2024; Application See Art 4.2
Date of effect:: 01/09/2025; Application Partial application See Art 4.3
Date of signature:: 15/03/2023
Deadline:: 31/03/2024; Review See Art 3
Date of end of validity:: No end date

Author:: European Parliament, Council of the European Union
Responsible body:: Eurostat
Form:: Regulation
Additional information:: EEA relevance

Procedure number:

2021/0407/COD

Link

European Parliament - Legislative observatory

Treaty:

Treaty on the Functioning of the European Union

Legal basis:

12016E338 - P1

Proposal:

52021PC0776 Adopted on: 15/03/2023

Link

Select all documents mentioning this document

Modifies:

Relation	Act	Comment	Subdivision concerned	From
Repeal	31998D0715			01/09/2024
Repeal	32000R0264			01/09/2024
Repeal	32002D0990			01/09/2024
Repeal	32002R0359			01/09/2024
Repeal	32002R1221			01/09/2024
Repeal	32003R1267			01/09/2024
Repeal	32004R0501			01/09/2024
Repeal	32004R1222			01/09/2024
Repeal	32005R1161			01/09/2024
Repeal	32007R1392			01/09/2024
Implicit repeal	32008R1137	Partial repeal	annex point 5.8	01/09/2024
Repeal	32009R0400			01/09/2024
Implicit repeal	32013R0517	Partial repeal	annex point 10 point 3	01/09/2024
Implicit repeal	32013R0517	Partial repeal	annex point 10 point 7	01/09/2024
Implicit repeal	32013R0517	Partial repeal	annex point 10 point 8	01/09/2024
Implicit repeal	32013R0517	Partial repeal	annex point 10 point 9	01/09/2024
Modifies	32013R0549	(BG, ES, DE, ET, EL, EN, FR, GA, LT, LV, HU, MT, PL, RO, SL) Replacement	annex A paragraph 4.82 Text	01/09/2024
Modifies	32013R0549	Replacement	annex A chapter 23 table	01/09/2024
Modifies	32013R0549	Replacement	annex A chapter 23 Text	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 1.118 Text	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 1.51 point (h)	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 10.27	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 10.56 FOOTNOTE 2	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 14.06 sentence 2	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 15.31 table 15.4	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 15.35	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 16.67 table 16.1	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 17.148	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 18.26 FOOTNOTE	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 20.130	01/09/2024
Modifies	32013R0549	(BG, ES, CS, DA, EL, EN, FR, GA, HR, LT, LV, MT, NL, PL, RO, SK, FI, SL) Replacement	annex A paragraph 20.63 Text	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 20.76 table	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 20.77	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 20.84 table 20.1	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 21.22	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 22.13	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 22.14	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 22.16	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 3.105	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 3.124	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 3.132 point (c)	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 3.138	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 3.181 sentence	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 3.98 Text	01/09/2024
Modifies	32013R0549	Deletion	annex A paragraph 4.40 sentence 3	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 5.235	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 7.88	01/09/2024
Modifies	32013R0549	Replacement	annex A paragraph 8.09 table 8.1	01/09/2024
Modifies	32013R0549	Replacement	annex B	01/09/2024
Modifies	32013R0549	Replacement	annex B table 27	01/09/2024
Modifies	32013R0549	Replacement	article 6 paragraph 1	01/09/2024
Modifies	32013R0549	Replacement	article 6 paragraph 3	01/09/2024
Modifies	32013R0549	(BG, CS, ET, EL, EN, GA, IT, LT, LV, HU, MT, NL, PL, PT, RO, SK, SL, SV) Replacement	annex A paragraph 4.50	01/09/2024
Modifies	32013R0549	Replacement	annex B paragraph 10 Text	01/09/2025
Modifies	32013R0549	(BG, ES, CS, DE, ET, EL, EN, FR, GA, HR, IT, LT, LV, HU, MT, NL, PL, PT, RO, SK, FI, SL, SV) Replacement	annex A paragraph 20.158	01/09/2024
Modifies	32013R0549	(BG, ES, CS, DA, EL, EN, FR, GA, HR, LT, LV, MT, NL, PL, RO, SK, FI, SL) Replacement	annex A paragraph 20.65 Text	01/09/2024
Modifies	32013R0549	(BG, CS, DA, DE, ET, EL, EN, FR, GA, HR, LT, LV, HU, MT, NL, RO, SK, SL, SV) Replacement	annex A paragraph 4.93 point (a)	01/09/2024
Modifies	32013R0549	(BG, DE, EL, EN, FR, LT, LV, HU, MT, NL, PT, RO, SK, FI, SL) Replacement	annex A paragraph 5.236 point (c)	01/09/2024
Modifies	32013R0549	(BG, ES, CS, EN, FR, GA, HR, LT, LV, HU, MT, NL, PL, RO, SK, FI, SL, SV) Replacement	annex A paragraph 1.51 point (b)	01/09/2024
Modifies	32013R0549	(BG, ES, CS, DA, EL, EN, FR, GA, HR, LT, LV, MT, NL, PL, RO, SK, FI, SL) Replacement	annex A paragraph 20.57 Text	01/09/2024
Modifies	32013R0549	(DE, EL, EN, LT, LV, MT, SK) Replacement	annex A paragraph 20.90	01/09/2024
Modifies	32013R0549	(BG, ES, CS, DE, ET, EL, EN, FR, GA, HR, IT, LT, LV, HU, MT, NL, PL, PT, RO, SK, FI, SL, SV) Replacement	annex A paragraph 15.32	01/09/2024
Modifies	32013R0549	(DA, DE, EL, EN, LT, LV, MT, NL, PL, SK) Replacement	annex A paragraph 17.165	01/09/2024
Modifies	32013R0549	(BG, DA, ET, EL, EN, LT, LV, HU, MT, NL, PL, SK) Replacement	annex A chapter 23 paragraph 23.05	01/09/2024
Modifies	32013R0549	(BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LT, LV, MT, NL, PL, PT, RO, SK, FI, SL, SV) Replacement	annex A paragraph 9.61	01/09/2024
Modifies	32013R0549	(BG, ES, DA, DE, ET, EL, EN, FR, GA, LT, LV, MT, PL, RO, SL) Replacement	annex A paragraph 15.27 Text	01/09/2024

Modified by:

Relation	Act	Comment	Subdivision concerned	From	To
Corrected by	32023R0734R(01)	(EL)

Instruments cited:

Link

EUROVOC descriptor:

Subject matter:

Directory code:

10.30.30.00 Economic and monetary policy and free movement of capital / Economic policy / Economic and monetary union

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Official Journal

5.4.2023

Official Journal of the European Union

L 97/1

REGULATION (EU) 2023/734 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 15 March 2023

amending Regulation (EU) No 549/2013 on the European system of national and regional accounts in the European Union and repealing 11 legal acts in the field of national accounts

(Text with EEA relevance)

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 338(1) thereof,

Having regard to the proposal from the European Commission,

After transmission of the draft legislative act to the national parliaments,

Having regard to the opinion of the European Central Bank (1),

Acting in accordance with the ordinary legislative procedure (2),

Whereas:

(1)

Regulation (EU) No 549/2013 of the European Parliament and of the Council (3) set up a revised European System of Accounts (ESA 2010) and contains the reference framework of common standards, definitions, classifications and accounting rules for drawing up the accounts of the Member States for the statistical requirements of the Union, in order to obtain comparable results between Member States.

(2)	Annex A to Regulation (EU) No 549/2013 provides for the methodology for the drawing up of the accounts of the Member States.

(3)	During the application of Regulation (EU) No 549/2013, minor textual inconsistencies have been identified in Annex A to that Regulation, and those inconsistencies need to be corrected.

(4)	Annex B to Regulation (EU) No 549/2013 (the ‘transmission programme’) provides for a set of tables of national accounts data, including related metadata, which Member States are to transmit to the Commission (Eurostat) within specified time limits for the purposes of the Union.

(5)	The transmission programme should be updated to take into account changing user needs, new policy priorities and the development of new economic activities in the Union.

(6)	Metadata on structural information to be transmitted should take into account the principles described in Commission Recommendation (EU) 2023/397 (4). New metadata transmission requirements should not impose excessive additional costs or excessive administrative burden on Member States.

(7)

The 49th session of the United Nations Statistical Commission considered and endorsed the revised version of the classification of individual consumption by purpose (Coicop 2018) as the internationally accepted standard. Regulation (EU) No 549/2013 makes reference to the previous version (Coicop 1999) in Annexes A and B thereto, and those references should therefore be updated.

(8)	Regulation (EU) No 549/2013 should therefore be amended accordingly.

(9)

Since the implementation of this Regulation will require major adaptations to national statistical systems, the Commission should grant derogations to Member States. Such derogations should be temporary and granted for a maximum duration of three years. The Commission should provide support to the Member States concerned in their efforts to carry out the required adaptations to their statistical systems so that the derogations can be discontinued as soon as possible.

(10)

Following the entry into force of Regulation (EU) No 549/2013 and of Regulation (EU) 2019/516 of the European Parliament and of the Council (5), 11 legal acts based on the previous European system of national and regional accounts, established by Council Regulation (EC) No 2223/96 (6) (ESA 95), are no longer relevant. The measures set out in this Regulation will replace those of Regulations (EC) No 359/2002 (7), (EC) No 1221/2002 (8), (EC) No 1267/2003 (9), (EC) No 501/2004 (10), (EC) No 1161/2005 (11), (EC) No 1392/2007 (12) and (EC) No 400/2009 (13) of the European Parliament and of the Council, Council Regulation (EC) No 1222/2004 (14), Commission Regulation (EC) No 264/2000 (15) and Commission Decisions 98/715/EC (16) and 2002/990/EC (17). Those acts should therefore be repealed.

(11)

This Regulation should apply from 1 September 2024 to coincide with the agreed timing for harmonised national accounts benchmark revisions in Member States. This does not prevent Member States from compiling their statistics in accordance with the amended Annexes before that general application date. In order to ensure sufficient time for the adaptation to new transmission requirements, any new obligation to transmit metadata on structural information should apply from 1 September 2025, even though those metadata may already voluntarily be transmitted before that date.

(12)

With a view to mitigating the social and economic impact of the COVID-19 crisis and in order to reinforce the resilience of Member States’ economies and social structures, the Union has taken major initiatives, in particular NextGenerationEU and the Recovery and Resilience Facility established by Regulation (EU) 2021/241 of the European Parliament and of the Council (18). Against that background, Union statistics should properly reflect the statistical accounts of the institutions and bodies of the Union. Therefore, technical work should be pursued for that purpose, so that a robust methodology is developed allowing for the compilation and dissemination of statistical accounts by the Commission (Eurostat), including the ESA 2010 net lending / net borrowing and the outstanding Maastricht debt liabilities. By 31 March 2024, the Commission (Eurostat) should submit a report to the European Parliament and to the Council on the progress made in that regard.

(13)

Since the objective of this Regulation, namely the creation of common statistical standards that permit the production of harmonised national accounts data to achieve overall comparability at Union level, cannot be sufficiently achieved by the Member States but can rather, by reason of its scale and effects, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality, as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective.

(14)

Data on information and communication technologies equipment are essential to support the analysis and the policymaking in the context of priority policies relating to digitalisation and the European Green Deal, which aim to reinforce competitiveness and further development of new technologies. Similarly, data on land underlying buildings and structures are important for the analysis of investment and wealth at Union level. The Commission (Eurostat) and national statistical authorities should pursue the methodological work undertaken in this area in recent years with a view to increasing the availability of more detailed data in the context of the future revision of the European system of national and regional accounts.

(15)

Periodic updates are needed to take into account the interaction between globalisation, the green and digital transitions and national accounts in order to provide decision-makers with the necessary data and knowledge to ensure competitiveness, financial stability, budgetary resilience, sound public finances and fair tax policy. Furthermore, the 51st session of the United Nations Statistical Commission has already requested the Intersecretariat Working Group on National Accounts to develop a roadmap for the revision of the System of National Accounts 2008. The revised version of the System of National Accounts is planned to be adopted by the United Nations Statistical Commission in 2025.

(16)	The update of international manuals on national accounts is necessary, in particular with regard to well-being and sustainability, given that so much of the activity affecting economic well-being of the population occurs beyond the production frontier.

(17)

The revision of the System of National Accounts 2008 in 2025 will provide an opportunity to update the internationally agreed concepts, definitions, classifications and accounting rules in order to address global challenges related to climate change, security, inequality, sustainability and well-being and will be instrumental in supporting policymakers in taking informed decisions to foster economic, social and territorial cohesion, reduce social and gender inequalities and catalyse the green and digital transitions. The Commission should therefore regularly provide the required information and discuss with the European Parliament and the Council the revision of the System of National Accounts 2008 before its conclusion planned for 2025.

(18)	The European Statistical System Committee has been consulted,

HAVE ADOPTED THIS REGULATION:

Article 1

Amendments to Regulation (EU) No 549/2013

Regulation (EU) No 549/2013 is amended as follows:

(1)

Article 6 is amended as follows:

(a)

paragraph 1 is replaced by the following:

‘1. In so far as a national statistical system necessitates major adaptations for the application of Regulation (EU) 2023/734 of the European Parliament and of the Council (*1), the Commission shall grant temporary derogations to Member States by means of implementing acts, for a maximum duration of three years. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 8(2) of this Regulation.

(*1) Regulation (EU) 2023/734 of the European Parliament and of the Council of 15 March 2023 amending Regulation (EU) No 549/2013 on the European system of national and regional accounts in the European Union and repealing 11 legal acts in the field of national accounts (OJ L 97, 5.4.2023, p. 1).’;"

(b)	paragraph 3 is replaced by the following: ‘3. For the purposes set out in paragraphs 1 and 2, the Member States concerned shall present a duly justified request to the Commission not later than 26 July 2023.’ ;

(2)	Annex A is amended in accordance with Annex I to this Regulation;

(3)	Annex B is replaced by the text set out in Annex II to this Regulation.

Article 2

Repeal

The legal acts set out in Annex III are repealed.

Article 3

Review

By 31 March 2024, the Commission (Eurostat) shall submit to the European Parliament and to the Council a report evaluating the progress made on the statistical accounts of the institutions and bodies of the Union, including on the ESA 2010 net lending / net borrowing and the outstanding Maastricht debt liabilities. Based on that report, the Commission may submit, if appropriate, a legislative proposal.

Article 4

Entry into force and application

1. This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

2. This Regulation shall apply from 1 September 2024.

3. By way of derogation from paragraph 2 of this Article, Article 1, point (3), of this Regulation shall, as regards the obligation to transmit metadata on structural information referred to in paragraph 10 of Annex B to Regulation (EU) No 549/2013, apply from 1 September 2025.

4. By way of derogation from paragraph 3 of this Article, the obligation to transmit metadata on structural information referred to in paragraph 10 of Annex B to Regulation (EU) No 549/2013 shall, as regards table 27 of that Annex, apply from 1 September 2024.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Strasbourg, 15 March 2023.

For the European Parliament

The President

R. METSOLA

For the Council

The President

J. ROSWALL

(1) OJ C 218, 2.6.2022, p. 2.

(2) Position of the European Parliament of 2 February 2023 (not yet published in the Official Journal) and decision of the Council of 21 February 2023.

(3) Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (OJ L 174, 26.6.2013, p. 1).

(4) Commission Recommendation (EU) 2023/397 of 17 February 2023 on reference metadata and quality reports for the European Statistical System, replacing Recommendation 2009/498/EC on reference metadata for the European Statistical System (OJ L 53, 21.2.2023, p. 104).

(5) Regulation (EU) 2019/516 of the European Parliament and of the Council of 19 March 2019 on the harmonisation of gross national income at market prices and repealing Council Directive 89/130/EEC, Euratom and Council Regulation (EC, Euratom) No 1287/2003 (GNI Regulation) (OJ L 91, 29.3.2019, p. 19).

(6) Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community (OJ L 310, 30.11.1996, p. 1).

(7) Regulation (EC) No 359/2002 of the European Parliament and of the Council of 12 February 2002 amending Council Regulation (EC) No 2223/96 as concerns the use of ESA 95 in the determination of Member States’ payments to the VAT-based own resource (OJ L 58, 28.2.2002, p. 1).

(8) Regulation (EC) No 1221/2002 of the European Parliament and of the Council of 10 June 2002 on quarterly non-financial accounts for general government (OJ L 179, 9.7.2002, p. 1).

(9) Regulation (EC) No 1267/2003 of the European Parliament and of the Council of 16 June 2003 amending Council Regulation (EC) No 2223/96 with respect to the time limit for transmission of the main aggregates of national accounts, to the derogations concerning the transmission of the main aggregates of national accounts and to the transmission of employment data in hours worked (OJ L 180, 18.7.2003, p. 1).

(10) Regulation (EC) No 501/2004 of the European Parliament and of the Council of 10 March 2004 on quarterly financial accounts for general government (OJ L 81, 19.3.2004, p. 1).

(11) Regulation (EC) No 1161/2005 of the European Parliament and of the Council of 6 July 2005 on the compilation of quarterly non-financial accounts by institutional sector (OJ L 191, 22.7.2005, p. 22).

(12) Regulation (EC) No 1392/2007 of the European Parliament and of the Council of 13 November 2007 amending Council Regulation (EC) No 2223/96 with respect to the transmission of national accounts data (OJ L 324, 10.12.2007, p. 1).

(13) Regulation (EC) No 400/2009 of the European Parliament and of the Council of 23 April 2009 amending Council Regulation (EC) No 2223/96 on the European system of national and regional accounts in the Community as regards the implementing powers conferred on the Commission (OJ L 126, 21.5.2009, p. 11).

(14) Council Regulation (EC) No 1222/2004 of 28 June 2004 concerning the compilation and transmission of data on the quarterly government debt (OJ L 233, 2.7.2004, p. 1).

(15) Commission Regulation (EC) No 264/2000 of 3 February 2000 on the implementation of Council Regulation (EC) No 2223/96 with respect to short-term public finance statistics (OJ L 29, 4.2.2000, p. 4).

(16) Commission Decision 98/715/EC of 30 November 1998 clarifying Annex A to Council Regulation (EC) No 2223/96 on the European system of national and regional accounts in the Community as concerns the principles for measuring prices and volumes (OJ L 340, 16.12.1998, p. 33).

(17) Commission Decision 2002/990/EC of 17 December 2002 further clarifying Annex A to Council Regulation (EC) No 2223/96 as concerns the principles for measuring prices and volumes in national accounts (OJ L 347, 20.12.2002, p. 42).

(18) Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility (OJ L 57, 18.2.2021, p. 17).

ANNEX I

Annex A to Regulation (EU) No 549/2013 is amended as follows:

(1)

in paragraph 1.51, point (b) is replaced by the following:

‘(b)	expenditures on weapon systems that meet the general definition of assets have been classified as fixed capital formation, rather than intermediate consumption;’;

(2)

in paragraph 1.51, point (h) is replaced by the following:

‘(h)	the treatment of super-dividends paid by public corporations has been clarified, i.e. they are to be considered as exceptional payments and treated as withdrawals from equity;’;

(3)	in paragraph 1.118, the label of the diagram is replaced by the following: ‘Diagram 1.1 - A diagram of the sequence of accounts’;

(4)	in paragraph 3.98, the introductory wording is replaced by the following: ‘Final consumption expenditure (P.3) by general government includes two categories, similar to those recorded for NPISHs:’;

(5)

paragraph 3.105 is replaced by the following:

‘3.105

Alternatively individual consumption expenditure of general government corresponds to division 15 of the classification of individual consumption by purpose (Coicop), which includes the following groups:

15.1	Housing (equivalent to COFOG group 10.6)

15.2	Health (equivalent to COFOG groups 7.1 to 7.4)

15.3	Recreation and culture (equivalent to COFOG groups 8.1 and 8.2)

15.4	Education (equivalent to COFOG groups 9.1 to 9.6)

15.5	Social protection (equivalent to COFOG groups 10.1 to 10.5 and group 10.7).’;

(6)

paragraph 3.124 is replaced by the following:

‘3.124

Definition: gross fixed capital formation (P.51g) consists of resident producers’ acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of producer or institutional units. Fixed assets are produced assets used in production for more than one year.’;

(7)

in paragraph 3.132, point (c) is replaced by the following:

‘(c)	computer software and databases to be used in production for more than one year;’;

(8)

paragraph 3.138 is replaced by the following:

‘3.138

Costs of ownership transfer can apply to both produced assets, including fixed assets, and non-produced assets, such as land.

These costs are included in the purchasers’ prices in the case of produced assets. They are separated from the purchases and sales themselves in the case of land and other non-produced assets, and recorded under a separate heading (P.512) in the classification of gross fixed capital formation.’;

(9)	in paragraph 3.181, the last sentence is replaced by the following: ‘The transfer of existing goods is recorded as a negative expenditure (disposal) for the seller and a positive expenditure (acquisition) for the purchaser.’;

(10)	in paragraph 4.40, the third sentence is deleted;

(11)

paragraph 4.50 is replaced by the following:

‘4.50

Interest is recorded on an accrual basis, that is, interest is recorded as accruing continuously over time to the creditor on the amount of principal outstanding. The interest accruing in each accounting period must be recorded whether it is actually paid or added to the principal outstanding. When it is not paid, the increase in the principal is recorded in the financial account as an acquisition of a financial asset by the creditor and an equal acquisition of a liability by the debtor.’;

(12)

in paragraph 4.82, the text ‘In some cases, the liability to pay income taxes can only be determined in a later accounting period than that in which the income accrues. Some flexibility is therefore needed concerning the point in time at which such taxes are recorded. Income taxes deducted at source, such as PAYE taxes and regular prepayments of income taxes, may be recorded in the periods in which they are paid and any final tax liability on income can be recorded in the period in which the liability is determined.’ is replaced by the following:

‘In some cases, the liability to pay income taxes can only be determined in a later accounting period than that in which the income accrues. Some flexibility is therefore needed concerning the point in time at which such taxes are recorded. Income taxes retained at source, such as pay-as-you-earn (PAYE) taxes and regular prepayments of income taxes, may be recorded in the periods in which they are paid and any final tax liability on income can be recorded in the period in which the liability is determined.’;

(13)

in paragraph 4.93, point (a) is replaced by the following:

‘(a)	social contributions paid by persons who are not legally obliged to contribute to a social security fund;’;

(14)

paragraph 5.235 is replaced by the following:

‘5.235

FISIM accrued but not yet paid is included with the corresponding financial instrument and prepayment of insurance premiums is included in insurance technical reserves (F.61); in neither case is there an entry in trade credits and advances.’;

(15)

in paragraph 5.236, point (c) is replaced by the following:

‘(c)	rental of buildings accruing over time; and’;

(16)

paragraph 7.88 is replaced by the following:

‘7.88

The market value of forwards can switch between positive (asset) and negative (liability) positions depending on price movements in the underlying items and thus they can switch being assets and liabilities for the writers and holders. Some forwards operate on margin payments, where profits or losses are settled daily; in these cases the balance sheet value will be zero.’;

(17)

in paragraph 8.09, table 8.1 is replaced by the following:

‘Table 8.1

Synoptic presentation of the accounts, balancing items and main aggregates

Accounts									Balancing items		Main aggregates
Full sequence of accounts for institutional sectors
Current accounts	I.	Production account	I.	Production account					B.1g	Value added, gross	Gross domestic product (GDP)
	II.	Distribution and use of income accounts	II.1	Primary distribution of income accounts	II.1.1	Generation of income account			B.2g B.3g	Operating surplus, gross Mixed income, gross
					II.1.2	Allocation of primary income account	II.1.2.1	Entrepreneurial income account	B.4g	Entrepreneurial income, gross
							II.1.2.2	Allocation of other primary income account	B.5g	Balance of primary incomes, gross	Gross national income (GNI)
			II.2	Secondary distribution of income account					B.6g	Disposable income, gross	Gross national disposable income
			II.3	Redistribution of income in kind account					B.7g	Adjusted disposable income, gross
			II.4	Use of income account	II.4.1	Use of disposable income account			B.8g	Saving, gross	Gross national saving
					II.4.2	Use of adjusted disposable income account
Accumulation accounts	III.	Accumulation accounts	III.1	Capital account	III.1.1	Change in net worth due to saving and capital transfers account			B.101	Change in net worth due to saving and capital transfers
					III.1.2	Acquisition of non-financial assets account			B.9	Net lending/net borrowing
			III.2	Financial account					B.9F	Net lending/net borrowing
			III.3	Other changes in assets account	III.3.1	Other changes in volume of assets account			B.102	Changes in net worth, due to other changes in volume of assets
					III.3.2	Revaluation accounts			B.103	Changes in net worth due to nominal holding gains/losses
							III.3.2.1	Neutral holding gains/losses account	B.1031	Changes in net worth due to neutral holding gains/losses
							III.3.2.2	Real holding gains/losses account	B.1032	Changes in net worth due to real holding gains/losses
Balance sheets	IV.	Balance sheets	IV.1	Opening balance sheet					B.90	Net worth	National worth
			IV.2	Changes in balance sheet					B.10	Changes in net worth, total	Changes in national worth
			IV.3	Closing balance sheet					B.90	Net worth	National worth
Transaction accounts
	0.	Goods and services account
Rest of the world account (external transactions account)
Current account	V.	Rest of the world account	V.I	External account of goods and services					B.11	External balance of goods and services	External balance of goods and services
			V.II	External account of primary income and current transfers					B.12	Current external balance	Current external balance
Accumulation accounts			V.III	External accumulation accounts	V.III.1	Capital account	V.III.1.1	Changes in net worth due to current external balance and capital transfers account	B.101	Changes in net worth due to current external balance and capital transfers
							V.III.1.2	Acquisition of non-financial assets account	B.9	Net lending/net borrowing
					V.III.2	Financial account			B.9F	Net lending/net borrowing	Net lending/net borrowing
					V.III.3	Other changes in assets account	V.III.3.1	Other changes in volume of assets account	B.102	Changes in net worth, due to other changes in volume of assets
							V.III.3.2	Revaluation accounts	B.103	Changes in net worth, due to nominal holding gains/losses
Balance sheets			V.IV	External assets and liabilities account	V.IV.1	Opening balance sheet			B.90	Net worth	Net external financial position
					V.IV.2	Changes in balance sheet			B.10	Changes in net worth
					V.IV.3	Closing balance sheet			B.90	Net worth	Net external financial position’

(18)

paragraph 9.61 is replaced by the following:

‘9.61

However, the analytical properties of product-by-product tables and industry-by-industry tables do not differ significantly. The differences between product-by-product tables and industry-by-industry tables are caused by the existence of a generally limited amount of secondary production. In practice, analytical uses of input-output tables implicitly assume an industry technology, no matter how the tables have originally been compiled. Furthermore, in practice, any product-by-product table is a manipulated industry-by-industry table, as it still contains all the KAU and enterprise characteristics of the supply and use tables.’;

(19)

paragraph 10.27 is replaced by the following:

‘10.27

For transactions in services it is frequently more difficult to specify the characteristics which determine the physical units, and differences of opinion may arise concerning the criteria to be used. This difficulty may concern important industries such as financial intermediation services, wholesale and retail trade, services to enterprises, education, research and development, health or recreation. The choice of physical units for such activities is presented in Handbook on prices and volume measures in national accounts (*1).

(*1) Eurostat, Handbook on prices and volume measures in national accounts, 2016.’;"

(20)	in paragraph 10.56, the second footnote is replaced by the following: ‘Eurostat-OECD, Eurostat-OECD Methodological manual on purchasing power parities, 2012.’;

(21)	in paragraph 14.06, the second sentence is replaced by the following: ‘FISIM calculations concentrate on subsectors S.122 and S.125; by convention, FISIM are not calculated for the central bank (see paragraph 14.16).’;

(22)

in paragraph 15.27, the text ‘This asset (category AN.222) is only recognised if its value, the benefits to the holder in excess of the value accruing to the issues, is realisable through transferring the asset.’ is replaced by the following:

‘This asset (category AN.222) is only recognised if its value, the benefits to the holder in excess of the value accruing to the issuer, is realisable through transferring the asset.’;

(23)

in paragraph 15.31, table 15.4 is replaced by the following:

‘Table 15.4

The recording of the use and purchase of non-financial assets, by type of transaction and flow

Type of transaction / other economic flow	Type of use/purchase and type of asset and type of payment
Intermediate consumption	Operating lease of produced assets, e.g. machines and intellectual property rights Regular payments by corporations for the delivery of water FISIM services related to the provision of a financial lease
Consumption of fixed capital	Only for produced assets, and for the economic owner
Final consumption expenditure	Operating lease of consumer durables Purchase of consumer durables, including when financed by a financial lease, or through a hire purchase agreement
Purchase of non-financial assets
Fixed capital formation	Purchase of produced assets, including when financed via a financial lease
Acquisition of natural resources	Purchase of a natural resource, including the right to use to extinction Purchase of the right to use a natural resource for an extended period, e.g. a fishing quota
Acquisition of other non-produced assets	Transferable time-share arrangements Purchase of a contract transferable to a third party Contracts for future production, for example contracts with footballers and writers
Payment as property income: rent	Resource lease, i.e. payment for short-term use of natural resource Regular payments for the right to extract water Financial lease, i.e. purchase of a non-financial asset financed simultaneously by a loan
Income transfer	Permits issued by government to undertake a specific activity not dependent on qualifying criteria, or with a disproportionate charge compared to the costs of administering the permit scheme Emission permits issued by the government to control total emissions
Other taxes on production
Financial transaction: loan	Financial lease, i.e. purchase of a non-financial asset financed simultaneously by a loan
Other change in volume of assets	Exhaustion of natural resources by the owner Illegal logging, fishing or hunting (uncompensated seizure of cultivated assets or natural resources)
Change in the price of assets	Expiry of contracts, licences and permits recorded as assets’

(24)

paragraph 15.32 is replaced by the following:

‘15.32

When governments restrict the number of cars entitled to operate as taxis or limit the number of casinos by issuing permits, for example, they are in effect creating monopoly profits for the approved operators and recovering some of the profits as the fee. Such fees are recorded as other taxes on production. This principle applies to all cases where government issues permits to limit the number of units operating in a particular field where the limit is fixed arbitrarily and is not dependent only on qualifying criteria.’;

(25)

paragraph 15.35 is replaced by the following:

‘15.35

The permit to undertake specific activities as an asset first appears in the other changes in the volume of assets account. Changes in value, both up and down, are recorded in the revaluation account of the acquirer.’;

(26)

in paragraph 16.67, table 16.1 is replaced by the following:

‘Table 16.1

Non-life insurance

Uses										Resources
			S.1	S.15	S.14	S.13	S.12	S.11			S.11	S.12	S.13	S.14	S.15	S.1
	Corresponding entries of the																Corresponding entries of the
Total	Goods and services account	Rest of the world account	Total economy	NPISHs	Households	General government	Financial corporations	Non-financial corporations		Transactions and balancing items	Non-financial corporations	Financial corporations	General government	Households	NPISHs	Total economy	Rest of the world	Goods and services account	Total
										External account
0		0							P.62	Exports in services								0	0
0	0								P.72	Imports in services							0		0
										Production account
6	6								P.1	Output		6				6			6
4		0	4	0	3	0	0	1	P.2	Intermediate consumption								4	4
										Distribution of primary income account
6			6				6		D.441	Property income attributable to insurance policy holders	5	0	0	1	0	6	0		6
										Secondary distribution of income account
44		1	43	0	31	4	0	8	D.711	Net non-life insurance premiums		44				44			44
45		0	45				45		D.721	Non-life insurance claims	6	0	1	35	0	42	3		45
										Use of disposable income account
2			2		2				P.3	Final consumption expenditure								2	2
										Financial balance sheet (opening)
74		0	74		40	0	9	25	AF.61	Non-life insurance technical reserves		74				74			74
										Financial balance sheet (closing)
81		0	81	0	44	0	11	25	AF.61	Non-life insurance technical reserves		81				81			81
										Financial transaction
7		0	7	0	4	0	2	1	F.61	Non-life insurance technical reserves		7				7			7
										Revaluation account
0		0	0	0	0	0	0	0	AF.61	Non-life insurance technical reserves		0				0			0 ’

(27)

paragraph 17.148 is replaced by the following:

‘17.148

If government assumes the responsibility for pension provision for the employees of a non-government unit through an explicit transaction, any payment by the non-government unit needs to be recorded as pre-paid social contributions (F.89). There is further discussion of this type of arrangement in paragraphs 20.273 to 20.275.’;

(28)

paragraph 17.165 is replaced by the following:

‘17.165

The discount rate applied to estimates of future pension benefits in the case of accrued-to-date entitlements is one of the most important assumptions to be made in the modelling of pension schemes, since its accumulated impact over many decades can be very large. The discount rate from a chosen approach may change over time, which would lead to revaluations in the accounts.’;

(29)	in paragraph 18.26, the footnote is replaced by the following: ‘United Nations, International merchandise trade statistics: Concepts and definitions, 2010.’;

(30)	in paragraphs 20.57, 20.63 and 20.65, the words ‘(excluding social security)’ are replaced by the words ‘(excluding social security funds)’;

(31)

in paragraph 20.76, the table is replaced by the following:

‘Total revenue	=		total taxes	D.2 + D.5 + D.91
		+	net social contributions	D.61
		+	total sales of goods and services	P.11 + P.12 + P.131
		+	other current revenue	D.39 + D.4 + D.7
		+	other capital revenue	D.92 + D.99’

(32)

paragraph 20.77 is replaced by the following:

‘20.77

Total taxes comprise taxes on production and imports (D.2), current taxes on income and wealth, etc. (D.5) and capital taxes (D.91). Net social contributions consist of actual social contributions (employers’ actual social contributions (D.611) and households’ actual social contributions (D.613)), employers’ imputed social contributions (D.612) and households’ social contribution supplements (D.614) less social insurance scheme service charges (D.61SC).’;

(33)

in paragraph 20.84, box 20.1 is replaced by the following:

‘Box 20.1 — From the ESA central framework to GFS transactions and aggregates

ESA resources

ESA GFS revenue

P.1

Output, of which

Market output (P.11)

Sales of goods and services

Output for own final use (P.12)

Sales of goods and services

Non-market output (P.13), of which:

—	Payments for non-market output (P.131)

Sales of goods and services

—	Non-market output, other (P.132)

Not accounted for in total revenue

D.2

Taxes on production and imports (receivable)

Total taxes

D.3

Subsidies (receivable)

Other current revenue

D.4

Property income

Other current revenue

D.5

Current taxes on income and wealth

Total taxes

D.61

Net social contributions

D.7

Other current transfers

Other current revenue

D.91r

Capital taxes (receivable)

Total taxes

D.92r

Investment grants (receivable)

Other capital revenue

D.99r

Other capital transfers (receivable)

Other capital revenue

ESA uses and capital transactions		ESA GFS expenditure
P.2	Intermediate consumption	Intermediate consumption
D.1	Compensation of employees	Compensation of employees
D.2	Taxes on production and imports (payable)	Other current expenditure
D.3	Subsidies (payable)	Subsidies
D.41	Interest	Interest
D.4	Property income (excluding D.41)	Other current expenditure
D.5	Current taxes on income	Other current expenditure
D.62	Social benefits other than social transfers in kind	Social benefits other than social transfers in kind
D.632	Social transfers in kind via market producers	Social transfers in kind via market producers
D.7	Other current transfers	Other current expenditure
D.8	Adjustment for the change in pension entitlements	Other current expenditure
P.31	Individual consumption expenditure on market output	Social transfers in kind via market producers
P.31	Individual consumption expenditure on non-market output	Not accounted for in total expenditure
P.32	Collective consumption expenditure	Not accounted for in total expenditure
P.5	Gross capital formation	Capital expenditure
NP	Acquisition less disposal of non-produced assets	Capital expenditure
D.92p	Investment grant (payable)	Capital expenditure
D.99p	Other capital transfers (payable)	Capital expenditure

In the ESA central framework, net lending/net borrowing (B.9) is the balancing item of the capital account. The balancing item of general government in the ESA GFS presentation is identical to the net lending/net borrowing (B.9). This box explains why.

The ESA central framework

The first account is the production account, and therefore the first resource of an institutional sector in the ESA is its output. As the majority of services provided by government are not sold at economically significant prices and so are non-market, government output is measured by convention as the sum of production costs.

Similarly, final collective consumption expenditure, consisting of services provided to the community by government such as general services, defence, safety and public order, are measured as the sum of production costs. Also by convention, collective consumption expenditure (P.32) is equal to the actual final consumption (P.4) of government.

Final individual consumption expenditure of households provided directly by government on a non-market basis is also measured by its production costs.

As a result, two types of flows are ‘imputed’ in the ESA accounts of government:

(1)	on the resources side, the non-market output, other (P.132) recorded in the production account;

(2)	on the uses side, the actual final consumption (P.4) and the social transfers in kind — non-market production (D.631). They are recorded in the redistribution of income in kind account, and in the use of adjusted disposable income account.

Each imputed flow is equal to the sum of actual flows: the production costs. These two types of imputed flows, on the resource side and on the uses side, balance in the ESA sequence of accounts.

The ESA GFS presentation of statistics

The same basic transaction categories are used in the ESA GFS presentation, but mainly on the basis of actual monetary flows, to obtain the total revenue and the total expenditure of government. Only a selection of imputed flows is taken into account: imputed social contributions and capital transfers in kind.

Eliminating from the resources side the non-market output (P.132) to obtain total revenue, and eliminating from the uses side the actual final consumption (P.4=P.32) and the social transfers in kind — non-market production (D.631) to obtain total expenditure, results in the same balancing item: the net lending/net borrowing (B.9).

The only social transfers in kind that are accounted for in the GFS aggregate total expenditure of government are social transfers in kind provided to households via market producers (D.632), as they are subject to real payments of government units. Those transactions are also to be added to the sum of production costs (equal to non-market output, other — P.132) to obtain the final consumption expenditure of the general government.

P.3 = P.132 + D.632’

(34)

paragraph 20.90 is replaced by the following:

‘20.90

Subsidies received by government units consist only of other subsidies on production. When received by producing entities belonging to general government, subsidies on products are included in the valuation of the output and sales at basic prices.’;

(35)

paragraph 20.130 is replaced by the following:

‘20.130

The repurchase by a unit of a liability is recorded as redemption in liabilities and not as an acquisition of assets. Likewise, at a subsector or sector level, the purchase by a government unit of a liability issued by another unit of the subsector in question will be presented in the consolidated presentation, as redemption of liability by that subsector or sector.’;

(36)

paragraph 20.158 is replaced by the following:

‘20.158

Taxes or subsidies paid by one government unit or entity to another are not to be consolidated. Taxes or subsidies on products cannot be consolidated in the system because there is no counterpart sector transactor in the ESA for such transactions; the relevant amounts are not separately recognised as expenditure and revenue (respectively) and are instead included in, or excluded from, the value of the intermediate consumption or of the sales.’;

(37)

paragraph 21.22 is replaced by the following:

‘21.22

The valuations of assets at fair value not only provide a better picture of the balance sheet than valuations at historic cost but they also generate more data on holding gains/losses.’;

(38)

paragraph 22.13 is replaced by the following:

‘22.13

In Coicop, 15 main categories are distinguished:

(a)	food and non-alcoholic beverages;

(b)	alcoholic beverages, tobacco and narcotics;

(c)	clothing and footwear;

(d)	housing, water, electricity, gas and other fuels;

(e)	furnishings, household equipment and routine household maintenance;

(f)

health;

(g)	transport;

(h)	information and communication;

(i)	recreation, sport and culture;

(j)	education services;

(k)	restaurants and accommodation services;

(l)	insurance and financial services;

(m)	personal care, social protection and miscellaneous goods and services;

(n)	individual consumption expenditure of non-profit institutions serving households (NPISHs); and

(o)	individual consumption expenditure of general government.

The first 13 categories sum up total individual consumption expenditure by households. The last two identify individual consumption expenditure by NPISHs and general government sectors, i.e. their social transfers in kind. Together, all 15 items represent actual final consumption by households.’;

(39)

paragraph 22.14 is replaced by the following:

‘22.14

The individual consumption expenditure of NPISHs and general government is broken down into five common sub-categories reflecting major policy issues: housing, health, recreation and culture, education, and social protection. These are also Coicop functions for the individual consumption expenditure by households; social protection is a sub-category of category 13, ‘personal care, social protection and miscellaneous goods and services’. As a consequence, Coicop also shows for each of these five common sub-categories, the role of private households, government and NPISHs. For example, it can describe the role of government in providing housing, health and education.’;

(40)

paragraph 22.16 is replaced by the following:

‘22.16

The classification of government expenditure by function (COFOG) is a major tool for describing and analysing government finance. The 10 major divisions distinguished are:

(a)	general public services;

(b)

defence;

(c)	public order and safety;

(d)	economic affairs;

(e)	environmental protection;

(f)	housing and community amenities;

(g)

health;

(h)	recreation, culture and religion;

(i)	education; and

(j)	social protection.

The classification is used to classify individual and collective consumption expenditure by the government. However, it also serves to illustrate the role of other types of expenditure such as subsidies, investment grants and social benefits, for pursuing policy purposes.’;

(41)

Chapter 23 is amended as follows:

(a)

paragraph 23.05 is replaced by the following:

‘23.05

Apart from COFOG and Coicop, the functional classifications include also COPNI (classification of the purposes of non-profit institutions serving households) and COPP (classification of outlays of producers by purpose). These classifications are used for functional analysis of the expenditure by corporations, government, households and non-profit institutions serving households and for functional satellite accounts.’;

(b)

the table inserted under the heading ‘Transactions in products (P)’ is replaced by the following:

‘P.1	Output
P.11	Market output
P.119	Financial intermediation services indirectly measured (FISIM)
P.12	Output for own final use
P.13	Non-market output
P.131	Payments for non-market output
P.132	Non-market output, other
P.2	Intermediate consumption
P.3	Final consumption expenditure
P.31	Individual consumption expenditure
P.32	Collective consumption expenditure
P.4	Actual final consumption
P.41	Actual individual consumption
P.42	Actual collective consumption
P.5	Gross capital formation/P.5n net capital formation
P.51g	Gross fixed capital formation
P.511	Acquisitions less disposals of fixed assets
P.5111	Acquisitions of new fixed assets
P.5112	Acquisitions of existing fixed assets
P.5113	Disposals of existing fixed assets
P.512	Costs of ownership transfer on non-produced assets
P.51c	Consumption of fixed capital (–)
P.51c1	Consumption of fixed capital on gross operating surplus (–)
P.51c2	Consumption of fixed capital on gross mixed income (–)
P.51n	Net fixed capital formation
P.52	Changes in inventories
P.53	Acquisitions less disposals of valuables
P.6	Exports of goods and services
P.61	Exports of goods
P.62	Exports of services
P.7	Imports of goods and services
P.71	Imports of goods
P.72	Imports of services’

(c)

the text and the table inserted under the heading ‘Consumer durables’ are replaced by the following:

‘Consumer durables are coded using X as a prefix plus DHHCE (durable household consumption expenditure) plus a one-digit affix for subgroups and two digits for the items.

SNA codes
XDHHCE1	Furniture and household appliances
XDHHCE11	Furniture and furnishings
XDHHCE12	Carpets and other floor coverings
XDHHCE13	Major household appliances whether electric or not
XDHHCE14	Major tools and equipment for house and garden
XDHHCE2	Personal transport equipment
XDHHCE21	Motor cars
XDHHCE22	Motorcycles
XDHHCE23	Bicycles
XDHHCE24	Animal drawn vehicles
XDHHCE3	Recreational and entertainment goods
XDHHCE31	Telephone and telefax equipment
XDHHCE32	Equipment for the reception, recording and reproduction of sound and pictures
XDHHCE33	Photographic and cinematographic equipment and optical instruments
XDHHCE34	Information processing equipment
XDHHCE35	Major durables for outdoor recreation
XDHHCE36	Musical instruments and major durables for indoor recreation
XDHHCE4	Other durable goods
XDHHCE41	Jewellery, clocks and watches
XDHHCE42	Therapeutic medical appliances and equipment’

(d)

the table inserted under the heading ‘CLASSIFICATION OF INDIVIDUAL CONSUMPTION BY PURPOSE (Coicop)’ is replaced by the following:

‘01-13 Individual consumption expenditure of households

01	Food and non-alcoholic beverages
01.1	Food
01.2	Non-alcoholic beverages
01.3	Services for processing primary goods for food and non-alcoholic beverages
02	Alcoholic beverages, tobacco and narcotics
02.1	Alcoholic beverages
02.2	Alcohol production services
02.3	Tobacco
02.4	Narcotics
03	Clothing and footwear
03.1	Clothing
03.2	Footwear
04	Housing, water, electricity, gas and other fuels
04.1	Actual rentals for housing
04.2	Imputed rentals for housing
04.3	Maintenance, repair and security of the dwelling
04.4	Water supply and miscellaneous services relating to the dwelling
04.5	Electricity, gas and other fuels
05	Furnishings, household equipment and routine household maintenance
05.1	Furniture, furnishings, and loose carpets
05.2	Household textiles
05.3	Household appliances
05.4	Glassware, tableware and household utensils
05.5	Tools and equipment for house and garden
05.6	Goods and services for routine household maintenance
06	Health
06.1	Medicines and health products
06.2	Outpatient care services
06.3	Inpatient care services
06.4	Other health services
07	Transport
07.1	Purchase of vehicles
07.2	Operation of personal transport equipment
07.3	Passenger transport services
07.4	Transport services of goods
08	Information and communication
08.1	Information and communication equipment
08.2	Software excluding games
08.3	Information and communication services
09	Recreation, sport and culture
09.1	Recreational durables
09.2	Other recreational goods
09.3	Garden products and pets
09.4	Recreational services
09.5	Cultural goods
09.6	Cultural services
09.7	Newspapers, books and stationery
09.8	Package holidays
10	Education services
10.1	Early childhood and primary education
10.2	Secondary education
10.3	Post-secondary non-tertiary education
10.4	Tertiary education
10.5	Education not definable by level
11	Restaurants and accommodation services
11.1	Food and beverage serving services
11.2	Accommodation services
12	Insurance and financial services
12.1	Insurance
12.2	Financial services
13	Personal care, social protection and miscellaneous goods and services
13.1	Personal care
13.2	Other personal effects
13.3	Social protection
13.9	Other services
14	Individual consumption expenditure of non-profit institutions serving households (NPISHs)
14.1	Housing
14.2	Health
14.3	Recreation and culture
14.4	Education
14.5	Social protection
14.6	Other services
15	Individual consumption expenditure of general government
15.1	Housing
15.2	Health
15.3	Recreation and culture
15.4	Education
15.5	Social protection’

(*1) Eurostat, Handbook on prices and volume measures in national accounts, 2016.’;’

ANNEX II

‘ANNEX B

TRANSMISSION PROGRAMME FOR DATA AND METADATA

I. General requirements

Data

Member States shall transmit to the Commission (Eurostat) the accounts defined in the data tables in this Annex. Each separate data table specifies the compulsory and voluntary variables that are to be transmitted, the reference periods required as well as the deadlines for transmission.

Overview of the data tables (1)

Table No	Subject of the tables	Deadline t + months (days where specified) after the reference period	Period covered
1F	Flash estimates of GDP and employment — quarterly voluntary transmissions	Dates shall be agreed between participating Member States and the Commission (Eurostat) and shall correspond to Eurostat’s releases at 30 or 45 days	The latest reported quarter
1Q	National accounts main aggregates — quarterly	2/(3) (2)	1995Q1 onwards
1A	National accounts main aggregates — annual	2/(3) (2)/9	1995 onwards
2	Main aggregates of general government and its subsectors — annual	3/9	1995 onwards
3	Main aggregates by economic activity — annual	9/21	1995 onwards
5	Household final consumption expenditure by purpose — annual	9	1995 onwards
6	Financial accounts by sector (transactions) — annual	4/9	1995 onwards
7	Balance sheets for financial assets and liabilities by sector — annual	4/9	1995 onwards
8	Non-financial accounts by sector — annual	9	1995 onwards
801	Non-financial accounts by sector — quarterly – non-adjusted	85 days/(3) (3)	1999Q1 onwards
801SA	Non-financial accounts by sector — quarterly – seasonally and calendar adjusted data	85 days + 3 working days	1999Q1 onwards
9	Detailed tax and social contribution revenue, including the list of taxes and social contributions according to national classification — annual	9	1995 onwards
10	Main aggregates by region, NUTS levels 2 and 3 — annual	12/24	2000 onwards
11	General government expenditure by function (COFOG) — annual	11	1995 onwards
13	Household accounts by region, NUTS level 2 — annual	24	2000 onwards
15	Supply table at basic prices, including transformation into purchasers’ prices — annual	36	2010 onwards
16	Use table at purchasers’ prices — annual	36	2010 onwards
17	Symmetric input-output table at basic prices — five-yearly	36	2010 onwards
20	Fixed assets by economic activity and by asset (stocks) — annual	24	2000 onwards
22	Gross fixed capital formation by economic activity and by asset (transactions) — annual	9/24	1995 onwards
25	Non-financial accounts of general government — quarterly	3	2002Q1 onwards
26	Balance sheets for non-financial assets — annual	24	1995 onwards
27	Financial accounts and balance sheets of general government — quarterly	85 days/3	1999Q1 onwards
28	General government gross debt (Maastricht debt) — quarterly	3	2000Q1 onwards
28A	General government gross debt (Maastricht debt) structure — annual	100 days/283 days	Previous 4 reference years
29	Accrued-to-date pension entitlements in social insurance — three-yearly	24	2012 onwards
t = reference period (year or quarter).

Member States shall transmit all compulsory data for publication by the Commission (Eurostat) by the planned release dates of the European aggregates. Where the data transmitted cannot be disseminated due to statistical confidentiality considerations, the true value shall be sent with the flags agreed for statistical primary or secondary confidentiality. With the exception of embargo dates, the application of other flags restricting the publication shall be justified and explained with metadata.

Member States shall transmit all data in accordance with the concepts and definitions specified in Annex A to this Regulation. When the data transmitted deviate from the concepts and definitions, the observations affected shall be sent with a flag indicating that the definition differs.

Member States shall transmit all data in accordance with the quality criteria specified in Article 4(1) of this Regulation.

Member States and the Commission (Eurostat) shall coordinate the release dates of the accounts. Where national publication dates are subsequent to the deadlines for transmission of data to the Commission (Eurostat), the data shall be transmitted with a flag indicating the temporary embargo on publication as well as the embargo date and time for publication.

The specification of embargo dates that are subsequent to the publication date for European aggregates shall be avoided to the extent possible.

Reference periods

Member States shall transmit the entire compulsory time series to the Commission (Eurostat) at each deadline, including data that have not been revised unless stated otherwise in specific individual tables. Where the data transmitted have breaks in the time series, the value of the reference period concerned shall be sent with a flag indicating this break.

If Member States have time series longer than the compulsory reference periods specified in the data tables, they may transmit the entire series on a voluntary basis.

Metadata

Metadata shall consist of structural information as referred to in paragraph 10 and of specific information concerning the data transmitted in accordance with paragraph 11. Member States shall transmit the metadata to the Commission (Eurostat) to allow the Commission (Eurostat) to assess the quality of the data transmitted. Metadata transmission – within the context of the transmission programme – shall avoid the duplication of requests of the same information collected in other processes and tables.

Where the metadata include confidential information, Member States shall inform the Commission (Eurostat) that the relevant text in the metadata cannot be disseminated.

10.

Metadata on structural information to be transmitted by the Member States to the Commission (Eurostat) shall include information on the production process, as well as sources and methods used, if not available from other sources, and, where applicable, major methodological or other changes that affect the data transmitted, allowing the Commission (Eurostat) to assess the changes and inform users of such changes.

Such metadata on structural information shall, where the concepts and definitions specified in Annex A are not implemented, provide short explanations of the concepts and definitions actually applied in the transmitted data and the reasons why the concepts and definitions specified in Annex A are not implemented or not applicable.

After their initial transmission, metadata on structural information shall be transmitted each time that a significant change in the production process has been implemented.

11.

Metadata on specific information concerning the data transmitted by the Member States shall inform the Commission (Eurostat) about major events such as major data revisions, data inconsistencies of significant size, outliers, breaks in time series, updates on seasonal adjustment, as well as unusual zero and negative values. For data transmitted on an annual basis, this information shall be sent at t+3 days at the latest, except with regard to tables 1, 6 and 7, for which the metadata shall be transmitted together with the data. For quarterly data, metadata shall be transmitted together with the data. This information shall be sent only when such events are reflected in the transmitted data, and it shall provide short explanations of the reasons why the event is observed in the transmitted data and which variables and reference periods are affected.

Member States shall provide specific information on revisions which do not derive from routine operations.

Transmission deadlines

12.

The data tables accompanied by metadata shall be transmitted by the specific deadlines for each table.

13.

Data shall be transmitted to the Commission (Eurostat) every time they are published by the national authority and no later than the day they are published.

14.

If Member States become aware of errors in the transmitted data, they shall inform the Commission (Eurostat) immediately and transmit the corrected data as soon as the error can be corrected.

15.

If a Member State transmits complete datasets in line with the quality criteria referred to in Article 4(1) of this Regulation ahead of the deadline, no retransmission of data is required at the deadline unless stated otherwise in specific individual tables.

Consistency

16.

The data transmitted in a table shall be internally consistent. The values that are transmitted for the same variable in different data tables are to be numerically consistent when they have the same deadline or when they are to be retransmitted at the same deadline as other tables.

17.

The sum of the quarterly values of a variable not adjusted by seasonal and calendar effects in a table with quarterly data shall be numerically consistent for any reference year with the same variable in a corresponding table with annual data, when the corresponding tables have the same deadline.

Tables 1Q and 1A

Quarterly (Q) and annual (A) national accounts main aggregates.

Table 1A data shall be reported at t+2 months and t+9 months and table 1Q at t+2 months after the reference period. If a Member State transmits a complete set of data at t+2 months, data do not need to be transmitted at t+3 months. Table 1Q shall be consistent with table 1A at t+9 months.

Data at current prices (CUP) starting from 1995, in previous year’s prices (PYP) starting from 1996 and chain-linked volumes (CLV) starting from 1995 for annual and 1996Q1 for quarterly data are compulsory (x) as specified below. Some breakdowns are optional (o).

Quarterly data shall be provided in non-seasonally adjusted form, as well as in seasonally adjusted form (including calendar adjustments, where relevant) except for previous year’s prices. The provision of quarterly data that only include calendar or seasonal adjustments is voluntary.

For specific administrative uses, annual B.1*g are to be transmitted with the highest precision available but limited to meaningful values, e.g. maximum 8 decimals when expressed in millions of national currency and 3 decimals for data expressed in thousand persons.

Code

List of variables

Q data

t+2/(3) months

A data

t+2/(3)/9 months

Breakdown

Unit

B.1*g

Gross domestic product at market prices

CUP, PYP, CLV

Main output aggregates

B.1g

Gross value added at basic prices

A*10

CUP, PYP, CLV

D.21 – D.31

Taxes less subsidies on products

CUP, PYP, CLV

D.21

Taxes on products

t+9

CUP, PYP, CLV

D.31

Subsidies on products

t+9

CUP, PYP, CLV

Main expenditure aggregates

B.1*g

Gross domestic product at market prices

CUP, PYP, CLV

P.3_S.1

Total final consumption expenditure

CUP, PYP, CLV

P.3_S.14

Household final consumption expenditure (domestic concept)

CUP, PYP, CLV

Of which

Breakdowns by durability (DUR)

—	Durable goods

DUR

CUP, PYP, CLV

—	Other goods and services

DUR

CUP, PYP, CLV

- -	Semi-durable goods

DUR

CUP, PYP, CLV

- -	Non-durable goods

DUR

CUP, PYP, CLV

- -

Services

DUR

CUP, PYP, CLV

P.3_S.1M

Final consumption expenditure of households and NPISHs (national concept)

CUP, PYP, CLV

P.3_S.14

Household final consumption expenditure (national concept)

CUP, PYP, CLV

P.3_S.15

Final consumption expenditure of NPISHs

CUP, PYP, CLV

P.3_S.13

General government final consumption expenditure

CUP, PYP, CLV

P.31_S.13

General government individual consumption expenditure

CUP, PYP, CLV

P.32_S.13

General government collective consumption expenditure

CUP, PYP, CLV

P.41

Actual individual consumption

CUP, PYP, CLV

P.5

Gross capital formation

CUP, PYP, CLV

P.51g

Gross fixed capital formation

CUP, PYP, CLV

Of which

Breakdowns by asset type (AN_F6)

AN.111

Dwellings

AN_F6

CUP, PYP, CLV

AN.112

Other buildings and structures

AN_F6

CUP, PYP, CLV

AN.113 + AN.114

Machinery and equipment + weapon systems

AN_F6

CUP, PYP, CLV

AN.1131

Transport equipment

AN_F6

CUP, PYP, CLV

AN.1132

ICT equipment

t+9

AN_F6

CUP, PYP, CLV

AN.1139 + AN.114

Other machinery and equipment + weapon systems

AN_F6

CUP, PYP, CLV

AN.115

Cultivated biological resources

AN_F6

CUP, PYP, CLV

AN.117

Intellectual property products

AN_F6

CUP, PYP, CLV

P.52

Changes in inventories

CUP, PYP

P.53

Acquisitions less disposals of valuables

CUP, PYP

P.6

Exports of goods (fob) and services

GEO

CUP, PYP, CLV

P.61

Exports of goods

GEO

CUP, PYP, CLV

P.62

Exports of services

GEO

CUP, PYP, CLV

P.7

Imports of goods (fob) and services

GEO

CUP, PYP, CLV

P.71

Imports of goods

GEO

CUP, PYP, CLV

P.72

Imports of services

GEO

CUP, PYP, CLV

B.11

External balance of goods and services

CUP, PYP

B.111

External balance of goods

CUP, PYP

B.112

External balance of services

CUP, PYP

Main income aggregates

B.2g + B.3g

Gross operating surplus and gross mixed income

CUP

D.2 – D.3

Taxes on production and imports less subsidies

CUP

D.2

Taxes on production and imports

CUP

D.3

Subsidies

CUP

D.1

Compensation of employees working in resident production (domestic concept)

A*10

CUP

D.11

Wages and salaries

A*10

CUP

D.12

Employers’ social contributions

A*10

CUP

Population and employment

Compulsory units (x): persons (PS) for population and all employment variables and hours worked (HW) for employment in resident production units.

Jobs (JB) and full time equivalents (FTE) optional (o) for employment in resident production units.

POP	Total population (thousands of persons)	x	x		PS
EMP_NC	Employment of residents (national concept)	x	x		PS
EEM_NC	Resident employees (national concept)	x	x		PS
ESE_NC	Self-employed residents (national concept)	x	x		PS
EMP	Employment in resident production units (domestic concept)	x	x	A*10	PS, HW
EMP	Employment in resident production units (domestic concept)	o	o	A*10	JB, FTE
EEM	Employees in resident production units (domestic concept)	x	x	A*10	PS, HW
EEM	Employees in resident production units (domestic concept)	o	o	A*10	JB, FTE
ESE	Self-employed in resident production units (domestic concept)	x	x	A*10	PS, HW
ESE		o	o	A*10	JB, FTE

Geographical breakdowns of exports and imports – according to the actual composition at the end of the last reference period (‘fixed composition’)

GEO	Compulsory for total exports and imports; Voluntary for goods and services	Unit with compulsory start year/quarter
Code	Breakdowns by counterpart area	CUP	PYP	CLV
S.21	Member States, including institutions and bodies of the European Union	2008/Q1	2012/Q1	2012/Q1
S.2I	Euro area (Member States and institutions of the euro area)	2008/Q1	2012/Q1	2012/Q1
S.21 – S.2I	Intra-EU extra euro area (Member States and institutions not belonging to the euro area)	2008/Q1	2012/Q1	2012/Q1
S.212	Institutions and bodies of the European Union	o	o	o
S.22	Extra-EU	2008/Q1	2012/Q1	2012/Q1

Table 1F

Flash estimates of GDP and employment — quarterly voluntary transmissions

Voluntary transmissions of flash GDP and employment growth estimates are agreed between the Commission (Eurostat) and Member States in view of ensuring a regular coordinated publication of estimates of the corresponding European aggregates about 30 or 45 days after the reference period. Member States transmitting such estimates to the Commission (Eurostat) shall send them each quarter at least one working day before the agreed publication date indicating clearly whether the estimates can be published (preferred option).

Code	Flash estimates	Periodicity	Based on
B.1*g	Gross domestic product at market prices	Q	Volume
EMP	Total employment in resident production units	Q	Persons

Table 2

Main aggregates of general government and its subsectors — annual

Data shall be reported at current prices in millions of national currency (with reporting precision at least 1 million of national currency), with exceptions specified below, from 1995 onwards at t+3 and t+9 months after the reference period.

Sector and subsectors:

General government and its subsector breakdown are to be reported on a compulsory basis (exceptions below):

—	S.13 general government

—	S.1311 central government

—	S.1312 state government

—	S.1313 local government

—	S.1314 social security funds.

Any non-compulsory data for general government and its subsectors is indicated in the notes below. Otherwise, data is compulsory from reference year 1995 onwards.

Some items related to transactions with institutions and bodies of the European Union shall be transmitted on a compulsory basis as specified below for:

—	S.212 institutions and bodies of the European Union

—	S.1 total economy.

Subsector data shall be reported as consolidated in items property income (D.4), other current transfers (D.7) and capital transfers (D.9) (and their sub-items and aggregations) within each subsector but not between subsectors. Sector S.13 data equals the sum of subsector data, except for items D.4, D.7 and D.9 (and their sub-items and aggregations) which shall be consolidated between subsectors (with counterpart information from the expenditure side). Whenever substantial payments for items other than property income (D.4), other current transfers (D.7) or capital transfers (D.9) and sub-items occur within or between subsectors, Member States shall specify these payments in the sender footnotes.

Data reported shall be consistent with data reported under Council Regulation (EC) No 479/2009 (4).

Code	Transaction	Notes
P.1	Output
P.11 + P.12	Market output and output for own final use
P.11	Market output	voluntary
P.12	Output for own final use	voluntary
P.12_GFSM_D.1	Output for own final use, cost attributable to compensation of employees (GFSM purpose)	voluntary; for the purpose of reporting according to the methodology set out in the International Monetary Fund’s Government Finance Statistics Manual (GFSM)
P.12_GFSM_P.2	Output for own final use, cost attributable to intermediate consumption (GFSM purpose)	voluntary; see P.12_GFSM_D.1
P.12_GFSM_P.51c	Output for own final use, cost attributable to consumption of fixed capital (GFSM purpose)	voluntary; see P.12_GFSM_D.1
P.13	Non-market output
P.131	Payments for non-market output
	Memo: own resource collection costs	compulsory for S.13 from reference year 2004 onwards, voluntary for subsectors
P.132	Non-market output, other
P.11 + P.12 + P.131	Market output, output for own final use and payments for non-market output
P.2	Intermediate consumption
B.1g	Value added, gross
P.51c	Consumption of fixed capital
B.1n	Value added, net
D.1	Compensation of employees, expenditure
D.11	Wages and salaries, expenditure	voluntary
D.12	Employers’ social contributions, expenditure	voluntary
D.29p	Other taxes on production, expenditure
D.39r	Other subsidies on production, revenue	to be reported with a positive sign
D.3r_S.212	Subsidies, revenue from the institutions and bodies of the European Union	compulsory only for S.1 from reference year 2004 onwards, voluntary for S.13 and subsectors
B.2n	Operating surplus, net
D.2r	Taxes on production and imports, revenue	also to be transmitted for S.212 (compulsory from reference year 2004 onwards)
D.21r	Taxes on products, revenue	also to be transmitted for S.212 (compulsory from reference year 2004 onwards)
D.211r	Value added type taxes (VAT), revenue
D.29r	Other taxes on production, revenue	also to be transmitted for S.212 (compulsory from reference year 2004 onwards)
D.4r	Property income, revenue
D.41r	Interest, revenue
D.41Gr	Total interest before FISIM allocation, revenue	voluntary
D.42r + D.43r + D.44r + D.45r	Other property income, revenue
D.42r	Distributed income of corporations, revenue	voluntary
D.43r	Reinvested earnings on FDI, revenue	voluntary
D.44r	Other investment income, revenue	voluntary
D.45r	Rent, revenue	voluntary
D.3p	Subsidies, expenditure	to be reported with a positive sign
D.31p	Subsidies on products, expenditure	to be reported with a positive sign
D.39p	Other subsidies on production, expenditure	to be reported with a positive sign
D.4p	Property income, expenditure
D.4p_S.1311	of which, to subsector central government (S.1311)
D.4p_S.1312	of which, to subsector state government (S.1312)
D.4p_S.1313	of which, to subsector local government (S.1313)
D.4p_S.1314	of which, to subsector social security funds (S.1314)
D.41p	Interest, expenditure
D.41Gp	Total interest before FISIM allocation, expenditure	voluntary
D.42p + D.43p + D.44p + D.45p	Other property income, expenditure
D.42p	Distributed income of corporations, expenditure	voluntary
D.43p	Reinvested earnings on FDI, expenditure	voluntary
D.44p	Other investment income, expenditure	voluntary
D.45p	Rent, expenditure	voluntary
B.5n	Balance of primary incomes, net
D.5r	Current taxes on income, wealth etc., revenue
D.51r	Taxes on income, revenue	voluntary
D.51a + D.51c1	Taxes on individual or household income including holding gains, revenue	voluntary
D.51b + D.51c2	Taxes on the income or profits of corporations including holding gains, revenue	voluntary
D.59r	Other current taxes, revenue	voluntary
D.61r	Net social contributions, revenue
D.611r	Employers’ actual social contributions, revenue
D.613r	Households’ actual social contributions, revenue
D.7r	Other current transfers, revenue
D.7r_S.212	Other current transfers, revenue, from the institutions and bodies of the European Union	compulsory for S.13 and S.1 from reference year 2004 onwards; voluntary for subsectors of S.13
D.71r	Net non-life insurance premiums, revenue	voluntary
D.72r	Non-life insurance claims, revenue	voluntary
D.73r	Current transfers within general government, revenue	voluntary
D.74r	Current international cooperation, revenue	voluntary
D.74r_S.212	Current international cooperation, revenue, from the institutions and bodies of the European Union	compulsory for S.13 from reference year 2004 onwards; voluntary for subsectors of S.13
D.75r	Miscellaneous current transfers, revenue	voluntary
D.76r	VAT- and GNI-based EU own resources, revenue	when used, compulsory at S.13 level from reference year 2004 onwards
D.5p	Current taxes on income, wealth etc., expenditure
D.62p	Social benefits other than social transfers in kind, expenditure
D.621p	Social security benefits in cash, expenditure	voluntary
D.622p	Other social insurance benefits, expenditure	voluntary
D.623p	Social assistance benefits in cash, expenditure	voluntary
D.62p COFOG 10.2	Social benefits other than social transfers in kind, expenditure, of which COFOG 10.2	voluntary
D.62p COFOG 10.3	Social benefits other than social transfers in kind, expenditure, of which COFOG 10.3	voluntary
D.62p COFOG 10.5	Social benefits other than social transfers in kind, expenditure, of which COFOG 10.5	voluntary
D.632p	Social transfers in kind — purchased market production, expenditure
D.62p + D.632p	Social benefits other than social transfers in kind, and social transfers in kind — purchased market production, expenditure
D.7p	Other current transfers, expenditure
D.7p_S.1311	of which, to subsector central government (S.1311)
D.7p_S.1312	of which, to subsector state government (S.1312)
D.7p_S.1313	of which, to subsector local government (S.1313)
D.7p_S.1314	of which, to subsector social security funds (S.1314)
D.71p	Net non-life insurance premiums, expenditure	voluntary
D.72p	Non-life insurance claims, expenditure	voluntary
D.73p	Current transfers within general government, expenditure	voluntary
D.74p	Current international cooperation, expenditure	voluntary
D.74p_S.212	Current international cooperation, expenditure, to the institutions and bodies of the European Union	compulsory for S.13 from reference year 2004 onwards; voluntary for subsectors of S.13
D.75p	Miscellaneous current transfers, expenditure	voluntary
D.76p	VAT- and GNI-based EU own resources, expenditure	compulsory for S.13 from reference year 2004 onwards; voluntary for subsectors of S.13
B.6n	Disposable income, net
P.3	Final consumption expenditure
P.31	Individual consumption expenditure
P.32	Collective consumption expenditure
D.8	Adjustment for the change in pension entitlements
B.8g	Saving, gross
B.8n	Saving, net
D.9r	Capital transfers, revenue
D.9r_S.2	Capital transfers, revenue, from the rest of the world	voluntary
D.9r_S.212	Capital transfers, revenue, from the institutions and bodies of the European Union	compulsory for S.13 and S.1 from reference year 2004 onwards; voluntary for subsectors of S.13
D.91r	Capital taxes, revenue
D.92r + D.99r	Investment grants and other capital transfers, revenue
D.92r	Investment grants, revenue	voluntary
D.99r	Other capital transfers, revenue	voluntary
D.9p	Capital transfers, expenditure
D.9p_S.1311	of which, to subsector central government (S.1311)
D.9p_S.1312	of which, to subsector state government (S.1312)
D.9p_S.1313	of which, to subsector local government (S.1313)
D.9p_S.1314	of which, to subsector social security funds (S.1314)
D.9p_S.2	Capital transfers, expenditure, to the rest of the world	voluntary
D.9p_S.212	Capital transfers, expenditure, to the institutions and bodies of the European Union	compulsory for S.13 and S.1 from reference year 2004 onwards; voluntary for subsectors of S.13
D.92p	Investment grants, expenditure
D.99p	Other capital transfers, expenditure	voluntary
P.5	Gross capital formation
P.51g	Gross fixed capital formation
P.52 + P.53	Changes in inventories and acquisitions less disposals of valuables
NP	Acquisitions less disposals of non-financial non-produced assets
P.5 + NP	Gross capital formation and acquisitions less disposals of non-financial non-produced assets
B.9	Net lending (+) / net borrowing (-)
TE	Total expenditure
TR	Total revenue
D.995	Capital transfers from general government to relevant sectors representing taxes and social contributions assessed but unlikely to be collected	D.995 is to be deducted from D.99r. No amounts for D.995 are to be included under D.9p. D.995r is to be reported with a positive sign.
PTC	Total payable tax credits	To be transmitted on a voluntary basis for subsectors and for reference years up to 2011. The whole amount of a payable tax credit is to be recorded as government expenditure (‘total payable tax credits’, PTC) while mentioning the amount of the ‘transfer component’ (TC).
TC	Payable tax credits that exceed the taxpayer’s liability	See PTC. The ‘transfer component’ (TC) corresponds to payable tax credits that exceed the taxpayer’s liability and that are paid out to the taxpayer.
EMP (PS)	Employment in persons	voluntary, in thousands
AN.1	Produced non-financial assets	voluntary
AN.11	Fixed assets	voluntary
AN.12 + AN.13	Inventories and valuables	voluntary
AN.2	Non-produced non-financial assets	voluntary
AN.21	Natural resources	voluntary
AN.22	Contracts, leases and licences	voluntary

Table 3

Detailed breakdowns of main aggregates and employment by industry — annual

Data shall be reported at t+9 months after the reference period for NACE breakdowns up to A*21 (including total economy and A*10) and at t+21 months for A*64 (including A*38). These breakdowns are compulsory (x); A*88 breakdowns are optional (o).

Main output and income aggregates:

Data at current prices (CUP) shall be reported starting from 1995; previous year’s prices (PYP) starting from 1996 and chain-linked volumes (CLV) starting from 1995; PYP and CLV are optional for P1 and P2 but compulsory for B.1g and P.51c; Imputed rentals of owner-occupied dwellings (item 44 - ‘Real estate activities’) compulsory only for P.1, P.2, B.1g.

Code	List of variables	t+9 months	t+21 months	CUP 1995	PYP 1996	CLV 1995
P.1	Output at basic prices by industry	A*21	A*64	x	o	o
P.2	Intermediate consumption at purchaser’s prices by industry	A*21	A*64	x	o	o
B.1g	Gross value added at basic prices by industry	A*21	A*64	x	x	x
P.51c	Consumption of fixed capital by industry	A*21	A*64	x	x	x
B.2n + B.3n	Net operating surplus and net mixed income	A*21	A*64	x
D.29 – D.39	Other taxes on production less other subsidies on production	A*21	A*64	x
D.1	Compensation of employees by industry	A*21	A*64	x
D.11	Wages and salaries	A*21	A*64	x

Employment in resident production (domestic concept DC):

Data shall be reported in persons (PS) and hours worked (HW) starting from 1995. At t+9 months data are compulsory (x) for NACE breakdowns up to A*21 (including total economy and A*10) and at t+21 months for A*64 for PS and A*38 for HW; A*88 breakdowns and data for jobs (JB) and full-time equivalents (FTE) are optional (o).

Code	List of variables	t+9 months A*21 PS/HW 1995	t+21 months A*64 PS 1995	t+21 months A*38 HW 1995	JB	FTE
EMP	Total employment (DC)	x	x	x	o	o
EEM	Employees (DC)	x	x	x	o	o
ESE	Self-employed (DC)	x	x	x	o	o

Table 5

Household final consumption expenditure by purpose – annual

Data shall be reported at t+9 months after the reference period at current prices (CUP) starting from 1995, in previous year’s prices (PYP) starting from 1996 and chain-linked volumes (CLV) starting from 1995. For final consumption expenditure of households based on the domestic concept (DC) breakdowns by expenditure type are requested according to the Coicop 2018 classification, with division (2-digit) and group (3-digit) breakdowns as applied for the compilation of the Harmonised Indices of Consumer Prices (HICP).

Code	List of variables	Concept	Unit
P.31_S.14	Final consumption expenditure of resident and non-resident households on the economic territory	Domestic – DC	CUP, PYP, CLV
Of which	Coicop breakdowns	Domestic – DC	CUP, PYP, CLV
P.33	Final consumption expenditure of resident households in the rest of the world		CUP, PYP, CLV
P.34	Final consumption expenditure of non-resident households on the economic territory		CUP, PYP, CLV
P.31_S.14	Final consumption expenditure of resident households on the economic territory and abroad	National – NC	CUP, PYP, CLV

Table 6

Financial accounts by sector – annual

Data shall be transmitted at current prices at t+4 and/or t+9 months after the reference period from 1995 onwards.

The following subsectors of sector S.11 are to be provided on a voluntary basis: S.11DO Domestically controlled non-financial corporations; S.11001 Public non-financial corporations; S.110011 of which: Public non-financial corporations, which are part of domestic multinationals; S.11002 National private non-financial corporations; S.110021 of which: National private non-financial corporations, which are part of domestic multinationals; S.11003 Foreign-controlled non-financial corporations.

The following subsectors of sector S.12 are to be provided on a voluntary basis: S.12DO Domestically controlled financial corporations; S.12001 Public financial corporations; S.120011 of which: Public financial corporations, which are part of domestic multinationals; S.12002 National private financial corporations; S.120021 of which: National private financial corporations, which are part of domestic multinationals; S.12003 Foreign-controlled financial corporations; S.122 Deposit-taking corporations except the central bank; S.123 Money market funds (MMFs); S.125 Other financial intermediaries, except insurance corporations and pension funds; S.126 Financial auxiliaries; S.127 Captive financial institutions and money lenders; S.128 Insurance corporations; S.129 Pension funds.

The following subsectors of sector S.2 are to be provided on a voluntary basis: S.21 Member States and institutions and bodies of the European Union; S.2I Member States of the euro area, the European Central Bank and other institutions and bodies of the euro area; S.22 Non-member countries and international organisations non-resident in the European Union.

EMU and EU breakdowns are to represent the actual composition at the end of the last reference period (‘fixed composition’).

Table 6

Consolidated

Non-consolidated

Transactions

mandatory

Other changes in volume

voluntary

mandatory

Revaluation accounts

voluntary

mandatory

Counterpart information*

voluntary

Non-consolidated counterpart information to be provided on a voluntary basis and limited to the following counterpart sectors:

S.11 Non-financial corporations

S.12 Financial corporations

S.13 General government

S.14 + S.15 Households and non-profit institutions serving households

S.2 Rest of the world

(Transactions, other changes in volume and revaluation accounts – consolidated and non-consolidated – and counterpart information)

ESA code (financial instrument)

Transactions/other changes in volume/revaluation of financial instruments

S.1

S.11

S.12

S.121 + S.122 + S.123

S.121

S.122 + S.123

S.124

S.125 + S.126 + S.127

S.128 + S.129

S.13

S.1311

S.1312

S.1313

S.1314

S.14 + S.15

S.14

S.15

S.2

Assets

F.A

Total financial assets

xra_ocv

xt+4

xra_ocv

xnc

xra_ocv

F.1

Monetary gold and special drawing rights (SDRs)

xra_ocv

xt+4

xra_ocv

F.11

Monetary gold

xt+4

F.12

SDRs

xt+4

F.2

Currency and deposits

xra_ocv

xt+4

xra_ocv

xnc

xra_ocv

F.21

Currency

xt+4

xnc

xt+4

F.22

Transferable deposits

xt+4

xnc

xt+4

F.221

Interbank positions

F.229

Other transferable deposits

F.29

Other deposits

xt+4

xnc

xt+4

F.3

Debt securities

xra_ocv

xt+4

xra_ocv

xnc

xra_ocv

F.31

Short-term

xt+4

xnc

xt+4

F.32

Long-term

xt+4

xnc

xt+4

F.4

Loans

xra_ocv

xt+4

xra_ocv

xnc

xra_ocv

F.41

Short-term

xt+4

xnc

xt+4

F.42

Long-term

xt+4

xnc

xt+4

F.5

Equity and investment fund shares or units

xra_ocv

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