The MIP scoreboard for Belgium (Report 2014)

The National Bank of Belgium publishes a table with the headline indicators for Belgium as calculated by the Commission for the procedure regarding the economic situation of 2012. The table reproduces data used by the European Commission in the statistical annex of the Alert Mechanism Report for 2014.

The cells in orange identify the values of the indicators exceeding the thresholds defined as reference in the procedure.

METHODOLOGICAL CHANGES TO THE SCOREBOARD

Several indicators of the scoreboard have been adjusted in the report 2014, related to the situation for 2012, in order to reflect better the phenomena considered and to improve comparability between Member States.

  • Real Effective Exchange Rate: the number of partner countries considered for each Member State has been increased from 35 to 41 by including Croatia (as new Member-State of the UE), China, Brazil, Russia, South Korea and Hong Kong.
  • Private Sector Credit flow: the debt of the non-financial private sector used in the indicator is now measured on a consolidated basis and financial derivatives have been excluded. As a result, the reference threshold has been modified from 15% to 14%.
  • Private Sector Debt: the debt of the non-financial private sector used in the indicator is now measured on a consolidated basis and financial derivatives have been excluded. As a result, the reference threshold has been modified from 160% to 133%.

Moreover the number of auxiliary or additional indicators has been raised from 18 to 28 a.o. by taking over the private sector debt indicator on a non-consolidated basis.