1. The MIP scoreboard for Belgium (Report 2015)
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 2013. The table reproduces data used by the European Commission in the statistical annex of the Alert Mechanism Report for 2015.
The cells in orange identify the values of the indicators exceeding the thresholds defined as reference in the procedure.
METHODOLOGICAL CHANGES to the scoreboard
The general frameworks for the compilation of MIP relevant statistics (national accounts and balance of payments data) underwent changes in 2014, i.e. for the report 2015, with the introduction of the European System of National and Regional Accounts (ESA 2010) replacing ESA 95 and the Sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) replacing BPM5.
The indicators included in the “report 2015” are based on:
- the new methodological standards ESA2010 and BPM6 in so far the underlying data are available since 1995 for ESA 2010 and since 2008 for BPM6 (for data till 2007 BPM5 is used; BPM5-variables expressed as percentage of GDP use GDP according to ESA95);
- the BPM5 for the international investment position.
The figures according to BPM5 are mentioned in bold italic in the table. The data tables released before November 2014 remain unchanged and refer to the methodological standards ESA95 and BPM5.