1. The MIP scoreboard for Belgium (Report 2016)
The National Bank of Belgium publishes a table with the headline indicators for Belgium as calculated by the Commission for MIP and the format introduced for the economic situation of 2015. The table reproduces data used by the European Commission in the statistical annex of the Alert Mechanism Report for 2016 (http://ec.europa.eu/eurostat/documents/16624/0/SA-2016_ammend).
The cells in orange identify the values of the indicators exceeding the thresholds defined as reference in the procedure.
METHODOLOGICAL CHANGES to the scoreboard (since 2014)
The general frameworks for the compilation of MIP relevant statistics (national accounts and balance of payments data) underwent changes in 2014 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 national accounts are produced on the basis of the new methodological standards (ESA2010) since 2014 and back data were produced until 1995 with as a result that the GDP figures used in several indicators are on this basis.
In contrast to the publication of last year, data related to the current account of the balance of payments is on a BPM6 basis since 2003.
The data related to the IIP are on a BPM6 basis only since 2008.
Since 2015 (Report 2016) the MIP scoreboard includes 3 ‘New Employment Indicators” as headline indicators.