Press release: First estimation of European aggregates based on ESA 2010. ESA 2010 shifts level of EU and euro area GDP upward, growth rates almost unaffected

This special News Release is the first on GDP based on the ESA 2010 methodology. It covers changes in annual GDP levels and growth rates with a particular focus on 2010, the reference year for the detailed analysis of the revisions. A first ESA 2010 based estimation of annual and quarterly main European GDP aggregates and already available Member State data can be found in the Eurostat on-line database.

This adaptation is not only European, but world-wide. Europe's ESA 2010 is the counterpart of the 2008 SNA, adopted by the United Nations Statistical Commission, which has already been implemented, among others, in USA, Australia and Canada.

Eurostat: About ESA 2010 http://ec.europa.eu/eurostat/web/esa-2010

ESO: Background information: Questions and Answers: European System of Accounts 2010 http://www.europeansources.info/record/memo-questions-and-answers-european-system-of-accounts-2010/

EUObserver, 17.10.14: Sex and drugs drive EU growth surge http://euobserver.com/news/126110

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