European System of Accounts: ESA 2010

The new European System of National and Regional Accounts (ESA 2010) is a major development of the previous version of 1995. Progress has been achieved in the harmonisation of methodology and in the precision and accuracy of the concepts, definitions, classifications and accounting rules which are needed to enable a consistent, reliable and comparable statistical description of the economies of the Member States and the Union itself. ESA 2010 contains new chapters on important subjects such as financial services measurement, pensions and insurance, European accounts and government accounts. There are also new chapters on generic issues such as the rest of the world account, links with business accounts, and satellite accounts, with illustrative examples.