This paper makes the case for measuring economic activity in real time in a middle-income setting using indicators alternative to the standard System of National Accounts measure of gross domestic product (GDP). GDP remains indispensable, yet its limits as a welfare proxy are amplified where...

This document presents Eurostat's assessment of the quality of the national and regional accounts data submitted by Member States, Iceland, Norway and Switzerland in 2024, according to the ESS quality standards and the ESA 2010 Regulation. It also includes information on the quality of key...

Unpaid domestic work is the main part of non-market household production which is not covered by national statistics (GDP). The monetary value of unpaid work is identified within the gross value added (GVA), which is 60-80% of (the invisible) non-market household production. GVA of unpaid work...

The overarching main purpose of this paper is to detail all data collection and data manipulation and choices to be made to come to a consistent dataset to estimate and calibrate an SFC model, for which we use the model as specified in Meijers and Muysken (2022) as reference. This also enables...

In response to a request from Saint Lucia's Central Statistics Office (CSO), a technical assistance (TA) mission was conducted from September 2-13, 2024, to support the development of experimental expenditure-based GDP (GDP-E) estimates as a complementary product to the existing production-based...

A technical assistance mission assisted the State Statistical Committee of Azerbaijan (SSC) in developing the system of quarterly national accounts. It did so by reviewing the compilation of quarterly GDP by production and providing recommendations for further improvement. The mission also...

A technical assistance (TA) mission was conducted from August 5 to 9, 2024, in response to a request from the Economics and Statistics Office (ESO) of the Cayman Islands, to support the improvement and rebasing of Gross Domestic Product (GDP). The primary focus was to assist in updating the base...

A technical assistance mission assisted the National Statistical Office of Mongolia (NSO) in improving methods for the compilation of national accounts. The mission recommended that the NSO compiles the chain-linked time series of quarterly GDP instead of using the fixed-base approach. During...

A technical assistance mission assisted the Bureau of National Statistics under the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan in developing quarterly national accounts. It did so by reviewing existing large statistical discrepancies between GDP by production and GDP...

The Samoan authorities have expressed strong interest in the Supply and Use Tables (SUT) to improve macroeconomic projections for policy purposes. The mission worked with Samoa Bureau of Statistics (SBS) staff to assess and adjust the Household Income and Expenditure Survey data; compile...

This survey examines the economic performance of economies of the Caribbean in 2022 and the first few months of 2023 and comprises five chapters. The first chapter gives an overview of global, regional and subregional economic performance in the Caribbean. The second provides an analysis of the...

This biennial report reviews the quality of the quarterly euro area and national financial accounts. It fulfils the formal requirement for the Executive Board of the European Central Bank (ECB) to inform the Governing Council of the ECB on the quality of those statistics, as set out in Article...

This biennial report reviews the quality of the quarterly euro area and national financial accounts. It fulfils the formal requirement for the Executive Board of the European Central Bank (ECB) to inform the Governing Council of the ECB on the quality of those statistics, as set out in Article...

This paper evaluates the transition from X12-ARIMA to X13-ARIMA-SEATS for the seasonal adjustment of Armenia's quarterly national accounts (QNA). We analyze the methodological advancements and their impact on key economic indicators, focusing on the precision and reliability of seasonally...

Measurement errors in macroeconomic aggregates such as GDP have been widely lamented, particularly in low-income contexts. This study investigates the reliability of one component of national accounts, agricultural sector output. Focusing first on the case of Mozambique, we use a series of 12...

A technical assistance (TA) mission was conducted during July 8-12, 2024, to support Statistics Indonesia (BPS) in improving Energy and Air Emissions Accounts statistics. The mission provided advise on how to improve the existing Indonesia energy and air emissions accounts and provided training...

In recent years, projects have sought to embed distributional aspects within national accounts, with household distributional information set to feature in the next System of National Accounts. There is growing emphasis on capturing all material dimensions of welfare-income, consumption, and...

In recent years, projects have sought to embed distributional aspects within national accounts, with household distributional information set to feature in the next System of National Accounts. There is growing emphasis on capturing all material dimensions of welfare - income, consumption, and...

Aim/purpose - The benefit of changing the population age structure only accrues to an economy if the labor market absorbs the increasing number of the working population at a given labor income that surpasses the prevailing consumption of that age group. However, the prevailing conditions in...

The strong increase in inflation rates in Europe at the end of 2022 is in stark contrast to more than a decade of very low developments within the euro area. This time, profit hikes are under more scrutiny than wage increases. As changes in profits in relation to those of wages have the...