National accounts

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SEC 2010

National accounting shows the national economy in a rigorous and consistent statistical system of characteristic dimensions. The annual accounts, with the GDP having obtained, over time, a true "superstar" status, are one of the essential pillars for assessing macro-economic performance for the majority of the industrialised countries with a market economy. But the national accounts are a lot more than just the GDP. The accounting statements provide a whole range of dimensions allowing a summary and nuanced picture of economic activity to be given, which is well beyond the information that can be provided by the growth rate by volume which is so loved by the media.

The Luxembourg national accounts are drawn up according to the standards and definitions of the European accounting system (ESA 2010), a system fully harmonised for all countries of the European Union, thus making the macro-economic dimensions comparable as far as possible.

The following tables represent all of the national compatibility data currently available for Luxembourg for the period since 2000. The setting up of the accounting system according to ESA 2010 is a cumbersome process stretching over several years. Also the range of tables available will be added to year on year.

Important information: The data by branch are from now on presented by the statistical classification of economic activities NACE Rev 2 , a revised version of NACE Rev 1.1.

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