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The European System of Accounts (ESA) is the system of
national accounts National accounts or national account systems (NAS) are the implementation of complete and consistent accounting Scientific technique, techniques for measuring the economic activity of a nation. These include detailed underlying measures that ...
and regional accounts used by members of the
European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...
. It was most recently updated in 2010 (ESA 2010). The ESA 95 is fully consistent with the
United Nations System of National Accounts The System of National Accounts or SNA (until 1993 known as the United Nations System of National Accounts or UNSNA) is an international standard system of concepts and methods for national accounts. It is nowadays used by most countries in the w ...
(1993 SNA) in definitions, accounting rules and classifications. However, it incorporates certain differences, particularly in its presentation, that are more in line with use within the European Union. The ESA 95 underwent a revisionhttp://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Update_of_the_SNA_1993_and_revision_of_ESA95 to meet the requirements of the update of the SNA 1993 launched in 2003 under the auspices of the United Nations.


See also

*
Balance of payments In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a ...
*
Capital account In macroeconomics and international finance, the capital account, also known as the capital and financial account, records the net flow of Foreign direct investment, investment into an economy. It is one of the two primary components of the balan ...
* Gross national income in the European Union *
Gross output In economics, gross output (GO) is a measure of the value of production of new goods and services during an accounting period. Gross output represents the total value of ''sales'' by producing enterprises (their gross revenue or turnover) in an ac ...
*
Net output Net output is an accounting concept used in national accounts such as the United Nations System of National Accounts (UNSNA) and the NIPAs, and sometimes in corporate or government accounts. The concept was originally invented to measure the to ...
*
Value added Value added is a term in economics for calculating the difference between market value of a product or service, and the sum value of its constituents. It is relatively expressed by the supply-demand curve for specific units of sale. Value added ...


References


Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community
the annex contains the whole ESA95 *European Commission (1996)

Eurostat, Brussels-Luxembourg,1996, xx + 383 pp. {{Authority control National accounts