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 techniques for measuring the economic activity of a nation. These include detailed underlying measures that rely on double-entry ...
and regional accounts used by members of the
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been ...
. It was most recently updated in 2010 (ESA 2010).
The ESA 95 is fully consistent with the
United Nations System of National Accounts (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
revisionto 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
*
Capital account
*
Gross national income in the European Union
*
Gross output
In economics, gross output (GO) is the measure of total economic activity in the production of new goods and services in an accounting period. It is a much broader measure of the economy than gross domestic product (GDP), which is limited mainly ...
*
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
In business, total value added is calculated by tabulating the unit value added (measured by summing unit profit Price.html" ;"title="he difference between Price">sale price and production cost], unit depreciation cost, and unit Direct labor co ...
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