Commission Implementing Regulation (EU) 2020/1546 of 23 October 2020 establishing the structure and detailed arrangements of the inventory of the sources and methods used to produce gross national income aggregates and their components in accordance with the European System of Accounts (ESA 2010) (Text with EEA relevance)

• CELEX: Implementing Regulation (EU) 2020/1546
• Articles: 4

Article 1 Inventory structure

1.   Member States shall establish an inventory of the sources and methods used to produce GNI aggregates and their components (GNI Inventory). The GNI Inventory shall consist of 10 chapters and the GNI process tables.

2.   The chapters shall be the following:

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Chapter 1: Overview of the system of accounts

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Chapter 2: The revision policy and the timetable for revising and finalising the estimates. Major revisions since the last version of the GNI Inventory.

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Chapter 3: The production approach

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Chapter 4: The income approach

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Chapter 5: The expenditure approach

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Chapter 6: The balancing or integration procedure, and validation of the estimates

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Chapter 7: Overview of the adjustments for exhaustiveness

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Chapter 8: The transition from gross domestic product (GDP) to GNI

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Chapter 9: Main classifications used

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Chapter 10: Main data sources used

3.   The GNI process tables shall include:

(a)

numerical information on the estimates made at the consecutive stages of the GNI compilation process for the individual types of sources used and adjustments made;

(b)

numerical information on the relative size of the individual types of sources used and adjustments made in that compilation process;

(c)

references to the relevant chapters of the GNI Inventory.

Article 2 Detailed arrangements

Member States shall ensure that:

(a)

the description of sources and methods used in the estimation of GNI provided in the GNI Inventory uses terms and definitions in accordance with ESA 2010;

(b)

the description of sources and methods used in the estimation of GNI provided in the GNI Inventory is comprehensive and clear, reflects the procedures in place at the time of the drafting of the GNI Inventory, and includes information on the transformation of data from statistical and administrative sources into national accounts estimates, through the application of conceptual, exhaustiveness and balancing adjustments, and validation procedures;

(c)

numerical evidence, which shall be consistent with the information in the process tables, is given for the individual steps of the GNI compilation process in the aforementioned description;

(d)

numerical evidence is based on a recent year for which final estimates are available (reference year);

(e)

the sources and methods used to produce GNI aggregates and their components are applied in the compilation of subsequent years after the reference year.

Article 3 Timetable for updating and transmission

1.   Member States shall transmit the GNI Inventory to the Commission (Eurostat) by 31 December 2021.

2.   Subsequent updates of the GNI Inventory shall be made and transmitted to the Commission (Eurostat) within 12 months after any major change of sources or methods for compiling GNI. In any case, the GNI Inventory shall be updated at least every 5 years.

3.   Member States shall transmit the GNI Inventory by electronic means to the single entry point for data at the Commission (Eurostat).

Article 4

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .

This Regulation shall be binding in its entirety and directly applicable in all Member States.