National accounts (ESA 2010)

Implementation of ESA 2010

Statistics Lithuania published the revision of national accounts data according to the requirements of the 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 (ESA2010) publishes revised national accounts data for 1995–2014. The first stage of the revision was finished in 2014 and covered time series for 2004–2014. In 2015, the revision was expanded to the years 1995 - 2003 and some improvements to the data published in autumn of 2014 were introduced. That means that all Lithuanian national accounts data and data for general government sector as from October 2015 are recalculated according to the updated ESA 2010 methodological provisions, as well as new methods and data sources.  National accounts are compiled according to the internationally harmonized methodology and data provision requirements which are the same across the EU; therefore, aggregates of national accounts are simultaneously revised in other EU countries.

The new ESA 2010 replaced the ESA 95 in order to adjust the system of national accounts to the changed economic environment while taking into account the progress achieved in improving methodological provisions.

The ESA 2010 sets principles and methodology applied to assessment of national accounts at European level. It is harmonized with the System of National Accounts 2008 (2008 SNA) and the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6). The 2008 SNA provisions were prepared by the United Nations, the International Monetary Fund, Eurostat, the Organisation for Economic Co-operation and Development and the World Bank. The 2008 SNA was approved in 2009, while the ESA 2010 in 2013.

The implementation of the new BPM6 standards is carried out by the Central Bank of the Republic of Lithuania. The revised data of the Balance of Payments were published in June 2014. More information on the implementation of BPM6 is available on the website of the Central Bank of the Republic of Lithuania.

Publication of the updated indicators of national accounts

As of October 2015, the revised main annual and quarterly aggregates of Lithuanian national accounts based on ESA2010 methodology for the period 1995–2014 are published in the data base of Statistics Lithuania.

Document updated: 2017-05-23