Eurostat

The 3-months interest rate is a representative short-term interest rate series for the domestic money market. From January 1999, the euro area rate is the 3-month "EURo InterBank Offered Rate" (EURIBOR) EURIBOR is the benchmark rate of the large euro money market that has emerged since 1999. It is the rate at which euro InterBank term deposits are offered by one prime bank to another prime bank. The contributors to EURIBOR are the banks with the highest volume of business in the euro area money markets. The panel of banks consists of banks from EU countries participating in the euro from the outset, banks from EU countries not participating in the euro from the outset, and large international banks from non-EU countries but with important euro area operations. Monthly data are calculated as averages of daily values. Data are presented in raw form. Source: European Central Bank (ECB)

National accounts are a coherent and consistent set of macroeconomic indicators, which provide an overall picture of the economic situation and are widely used for economic analysis and forecasting, policy design and policy making. Eurostat publishes annual and quarterly national accounts, annual and quarterly sector accounts as well as supply, use and input-output tables, which are each presented with associated metadata. Annual national accounts are compiled in accordance with the European System of Accounts - ESA 2010 as defined in Annex B of the Council Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013.   The previous European System of Accounts, ESA95, was reviewed to bring national accounts in the European Union, in line with new economic environment, advances in methodological research and needs of users and the updated national accounts framework at the international level, the SNA 2008. The revisions are reflected in an updated Regulation of the European Parliament and of the Council on the European system of national and regional accounts in the European Union of 2010 (ESA 2010). The associated transmission programme is also updated and data transmissions in accordance with ESA 2010 are compulsory from September 2014 onwards. Further information on the transition from ESA 95 to ESA 2010 is presented on the Eurostat website. The domain consists of the following collections:   1. Main GDP aggregates: main components from the output, expenditure and income side, expenditure breakdowns by durability and exports and imports by origin. <

The Community Innovation Survey (CIS) is a survey of innovation activity in enterprises. The harmonised survey is designed to provide information on the innovativeness of sectors by type of enterprises, on the different types of innovation and on various aspects of the development of an innovation, such as the objectives, the sources of information, the public funding or the expenditures. The CIS provides statistics broke down by countries, type of innovators, economic activities and size classes. The survey is currently carried out every two years across the European Union, some EFTA countries and EU candidate countries. In order to ensure comparability across countries, Eurostat, in close cooperation with the countries, has developed a standard core questionnaire starting with the CIS3 data collection, along with an accompanying set of definitions and methodological recommendations. The concepts and underlying methodology of the CIS are also based on the Oslo Manual — second edition of 1997 and third edition of 2005 (see link at the bottom of the page). Up to CIS 2010, CIS results were collected under Commission Regulation (EC) No 1450/2004. A new Regulation will apply from CIS 2012 (EC No 995/2012). The data presented in these tables refer to enterprises with ‘10 employees or more’ active in the sectors to be covered under the Regulation (cf. NACE CORE). Further activities may be covered on a voluntary basis. Most statistics are based on a reference period of three years, but some use one calendar year. Since CIS 2008, the survey has included an ad-hoc module. It consists of a set of questions focusing on a special theme. The themes are different in each survey wave, allowing data to be obtained on specific issues beyond the data usually collected. Overview over time: Initially, the CIS data collection was carried out every four years. The first collection (CIS Light) was launched in 1993 as a pilot exercise and the second (CIS2) was carried out in 1997/1998 for most countries except Greece and Ireland, where it was launched in 1999. The third survey (CIS3) was conducted in 2000/2001 for most participating countries with the exception of Norway, Iceland, Luxembourg and Greece, where it was launched in 2002. As from 2004, the survey has been carried out every two years. CIS4 was conducted in the 25 EU Member States (as for 2004), Iceland, Norway, Bulgaria and Romania. The survey was launched in 2005 with a three-year reference period 2002 to 2004 for most indicators. The fifth survey CIS 2006 was carried out in all 25 EU Member States (as for 2006), Norway, Bulgaria, Romania, Croatia and Turkey. It was launched in 2007, mostly for the reference period 2004 to 2006. As regards CIS 2008, 26 Member States (all except Greece), Iceland, Norway, Croatia and Turkey took part in the survey. CIS 2008 was launched in 2009 with a three-year reference period 2006 to 2008 for most indicators. Changes were made to the CIS 2008 questionnaire to bring it into line with the third revision of the Oslo Manual, 2005 edition, by giving greater weight to organisational and marketing innovation. CIS 2008 was complemented by an ad-hoc module on innovation with environmental benefits. The seventh Community Innovation Survey, CIS 2010, had 31 participating countries (all the EU 27 Member States (except Greece), Iceland, Norway, Croatia, Serbia and Turkey) and reported most results for the reference period 2008-2010. CIS 2010 also follows the recommendations of the Oslo Manual and reports indicators on four types of innovation: product, process, organisational and marketing. However, despite implementation of the recommendations of the third edition of the Oslo Manual, the question on innovation expenditures is still limited to product and process innovation in order to maintain continuity with earlier versions of the CIS. Furthermore, generally fewer questions are asked about organisational and marketing innovation than about product and process innovation. While the European innovation statistics use the aggregated national data, the microdata sets can be accessed by researchers via the SAFE Centre of Eurostat in Luxembourg or via the microdata on CD-ROM releases in more anonymised form; some countries also provide access to their micro-data at similar safe centres.

Euro-zone series: Until December 1998 it is an aggregate of interbank deposit bid rates weighted by country GDP (Gross Domestic Product). Thereafter the rate is the EONIA (Euro OverNight Index Average), the effective overnight reference rate for the euro, computed as a weighted average of all overnight unsecured lending transactions in the interbank market, initiated within the euro area by the contributing panel banks. EONIA is computed with the help of the European Central Bank. EU15 series: Until December 1998, this is a theoretical rate based on an aggregation of day-to-day rates weighted by country GDP. Thereafter the rate is an average of the EONIA and the rates of the non-euro-zone countries, weighted by country GDP. National series: broadly speaking, these are day-to-day interbank rates. Source: European Central Bank.

The Economic Sentiment Indicator (ESI) is a composite indicator made up of five sectoral confidence indicators with different weights: Industrial confidence indicator, Services confidence indicator, Consumer confidence indicator, Construction confidence indicator Retail trade confidence indicator. Confidence indicators are arithmetic means of seasonally adjusted balances of answers to a selection of questions closely related to the reference variable they are supposed to track (e.g. industrial production for the industrial confidence indicator). Surveys are defined within the Joint Harmonised EU Programme of Business and Consumer Surveys. The economic sentiment indicator (ESI) is calculated as an index with mean value of 100 and standard deviation of 10 over a fixed standardised sample period. Data are compiled according to the Statistical classification of economic activities in the European Community, (NACE Rev. 2). Source: DG ECFIN

Maastricht criterion bond yields (mcby): definition used for the convergence criterion for EMU for long-term interest rates (central government bond yields on the secondary market, gross of tax, with around 10 years' residual maturity).

This is a one-off survey, not intended to be repeated.  Access to finance is crucial to business success and an important factor for economic growth in Europe following the economic crisis in 2007. The purpose of the survey is to:Examine where there may be constraints on the availability of finance, and how those may be changing.Provide evidence on the need for finance (loans, equity and other) in the future, for example to promote growth.Identify the sources from which businesses would wish to obtain this finance.  It is important to be able to compare businesses that have shown sharp growth in recent years with those that have not; and to separate more recently formed businesses from others. As a consequence, the survey will collect information separately for "gazelles" (defined at page 3 below); other high-growth businesses that have been established longer than gazelles; and other businesses. Only businesses with an employment of 10-249 in 2005 and at least 10 employees in 2010 are being covered.

Eurostat uses as a base for its work the OECD Benchmark Definition of Foreign Direct Investment Third Edition, a detailed operational definition fully consistent with the IMF Balance of Payments Manual, Fifth Edition, BPM5. Foreign direct investment (FDI) is the category of international investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). The lasting interest is deemed to exist if the direct investor acquires at least 10% of the voting power of the direct investment enterprise. FDI statistics record separately: 1) Inward FDI (or FDI in the reporting economy), namely investment by foreigners in enterprises resident in the reporting economy. 2) Outward FDI (or FDIabroad), namely investment by residents entities in affiliated enterprises abroad. FDI statistics record both the initial investment and all subsequent investment made by the direct investor, either in the form of equity capital, or in the form of loans, or in the form of reinvesting earnings. Investment made through other affiliated enterprises of the same group of the direct investor should also be recorded according to the international methodology. There are three main indicators: FDI flows, stocks and income. The indicators described in more detail below are presented in the complete tables with a breakdown by partner country or region and a breakdown by the kind of activity in which FDI is made. In the table called "Main indicators" there is a reduced breakdown by partners and data for total activity only. See the part on classification system for more detail. See also the User's guideon the structure on the database and for practical information on data downloading. 1) FDI flows denote the new investment made during the period. FDI flows are recorded in the Balance of Payments financial account. Total FDI flows are broken down by kind of instrument used for making the investment:Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery.Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Reinvested earnings are an imputed transaction. Reinvested earnings are also recorded with opposite sign among FDI income (see below). This recording represents not distributed income as being earned by the direct investor and reinvested in the direct investment enterprise at the same time.Other FDI capital (loans) covers the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. Debt transactions between affiliated financial intermediaries recorded under direct investment flows are limited to permanent debt. 2) FDI stocks (or positions) denote the value of the investment at the end of the period. FDI stocks are recorded in the International Investment Position. Outward FDI stocks are recorded as assets of the reporting economy, inward FDI stocks as liabilities. Similarly with flows, FDI stocks are broken down by kind of instrument. However, there are only two categories instead of three:Equity capital and reinvested earnings is the value of the own capital of the enterprise, including the value of own reserves that are accumulated from past reinvested earnings. Reserves corresponding to reinvested earnings are not shown separately from other equity capital as in the case of flows.Other FDI capital is the stock of debts (assets or liabilities) between the direct investors and the direct investment enterprise. 3) FDI income is the income accruing to direct investors during the period. FDI income is recorded in the current account of the Balance of Payments. Total FDI income is broken down by kind of income. The categories of FDI income available are linked to the breakdown of FDI flows and stocks by kind of instrument, namely:Dividends Dividends payable in the period and branch profits remitted to the direct investor, gross of any withholding taxes. Dividends include payments due on common and preferred shares.Reinvested earnings See definition under FDI flows.Interest on loans Interest accrued in the period on loans (other FDI capital) with affiliated enterprises, gross of any withholding tax. 4) FDI intensity Out of FDI annual data, an indicator useful to measure EU market integration is also calculated and disseminated in the domain Structural Indicators:FDI intensity as % of GDP: Average of inward and outward FDI flows divided by GDP. A higher index indicates higher new FDI during the period in relation to the size of the economy as measured by GDP. If this index increases over time, then the country/zone is becoming more integrated with the international economy.

Eurostat uses as a base for its work the OECD Benchmark Definition of Foreign Direct Investment Third Edition, a detailed operational definition fully consistent with the IMF Balance of Payments Manual, Fifth Edition, BPM5. Foreign direct investment (FDI) is the category of international investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). The lasting interest is deemed to exist if the direct investor acquires at least 10% of the voting power of the direct investment enterprise. FDI statistics record separately: 1) Inward FDI (or FDI in the reporting economy), namely investment by foreigners in enterprises resident in the reporting economy. 2) Outward FDI (or FDIabroad), namely investment by residents entities in affiliated enterprises abroad. FDI statistics record both the initial investment and all subsequent investment made by the direct investor, either in the form of equity capital, or in the form of loans, or in the form of reinvesting earnings. Investment made through other affiliated enterprises of the same group of the direct investor should also be recorded according to the international methodology. There are three main indicators: FDI flows, stocks and income. The indicators described in more detail below are presented in the complete tables with a breakdown by partner country or region and a breakdown by the kind of activity in which FDI is made. In the table called "Main indicators" there is a reduced breakdown by partners and data for total activity only. See the part on classification system for more detail. See also the User's guideon the structure on the database and for practical information on data downloading. 1) FDI flows denote the new investment made during the period. FDI flows are recorded in the Balance of Payments financial account. Total FDI flows are broken down by kind of instrument used for making the investment:Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery.Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Reinvested earnings are an imputed transaction. Reinvested earnings are also recorded with opposite sign among FDI income (see below). This recording represents not distributed income as being earned by the direct investor and reinvested in the direct investment enterprise at the same time.Other FDI capital (loans) covers the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. Debt transactions between affiliated financial intermediaries recorded under direct investment flows are limited to permanent debt. 2) FDI stocks (or positions) denote the value of the investment at the end of the period. FDI stocks are recorded in the International Investment Position. Outward FDI stocks are recorded as assets of the reporting economy, inward FDI stocks as liabilities. Similarly with flows, FDI stocks are broken down by kind of instrument. However, there are only two categories instead of three:Equity capital and reinvested earnings is the value of the own capital of the enterprise, including the value of own reserves that are accumulated from past reinvested earnings. Reserves corresponding to reinvested earnings are not shown separately from other equity capital as in the case of flows.Other FDI capital is the stock of debts (assets or liabilities) between the direct investors and the direct investment enterprise. 3) FDI income is the income accruing to direct investors during the period. FDI income is recorded in the current account of the Balance of Payments. Total FDI income is broken down by kind of income. The categories of FDI income available are linked to the breakdown of FDI flows and stocks by kind of instrument, namely:Dividends Dividends payable in the period and branch profits remitted to the direct investor, gross of any withholding taxes. Dividends include payments due on common and preferred shares.Reinvested earnings See definition under FDI flows.Interest on loans Interest accrued in the period on loans (other FDI capital) with affiliated enterprises, gross of any withholding tax. 4) FDI intensity Out of FDI annual data, an indicator useful to measure EU market integration is also calculated and disseminated in the domain Structural Indicators:FDI intensity as % of GDP: Average of inward and outward FDI flows divided by GDP. A higher index indicates higher new FDI during the period in relation to the size of the economy as measured by GDP. If this index increases over time, then the country/zone is becoming more integrated with the international economy.

Eurostat uses as a base for its work the OECD Benchmark Definition of Foreign Direct Investment Third Edition, a detailed operational definition fully consistent with the IMF Balance of Payments Manual, Fifth Edition, BPM5. Foreign direct investment (FDI) is the category of international investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). The lasting interest is deemed to exist if the direct investor acquires at least 10% of the voting power of the direct investment enterprise. FDI statistics record separately: 1) Inward FDI (or FDI in the reporting economy), namely investment by foreigners in enterprises resident in the reporting economy. 2) Outward FDI (or FDIabroad), namely investment by residents entities in affiliated enterprises abroad. FDI statistics record both the initial investment and all subsequent investment made by the direct investor, either in the form of equity capital, or in the form of loans, or in the form of reinvesting earnings. Investment made through other affiliated enterprises of the same group of the direct investor should also be recorded according to the international methodology. There are three main indicators: FDI flows, stocks and income. The indicators described in more detail below are presented in the complete tables with a breakdown by partner country or region and a breakdown by the kind of activity in which FDI is made. In the table called "Main indicators" there is a reduced breakdown by partners and data for total activity only. See the part on classification system for more detail. See also the User's guideon the structure on the database and for practical information on data downloading. 1) FDI flows denote the new investment made during the period. FDI flows are recorded in the Balance of Payments financial account. Total FDI flows are broken down by kind of instrument used for making the investment:Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery.Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Reinvested earnings are an imputed transaction. Reinvested earnings are also recorded with opposite sign among FDI income (see below). This recording represents not distributed income as being earned by the direct investor and reinvested in the direct investment enterprise at the same time.Other FDI capital (loans) covers the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. Debt transactions between affiliated financial intermediaries recorded under direct investment flows are limited to permanent debt. 2) FDI stocks (or positions) denote the value of the investment at the end of the period. FDI stocks are recorded in the International Investment Position. Outward FDI stocks are recorded as assets of the reporting economy, inward FDI stocks as liabilities. Similarly with flows, FDI stocks are broken down by kind of instrument. However, there are only two categories instead of three:Equity capital and reinvested earnings is the value of the own capital of the enterprise, including the value of own reserves that are accumulated from past reinvested earnings. Reserves corresponding to reinvested earnings are not shown separately from other equity capital as in the case of flows.Other FDI capital is the stock of debts (assets or liabilities) between the direct investors and the direct investment enterprise. 3) FDI income is the income accruing to direct investors during the period. FDI income is recorded in the current account of the Balance of Payments. Total FDI income is broken down by kind of income. The categories of FDI income available are linked to the breakdown of FDI flows and stocks by kind of instrument, namely:Dividends Dividends payable in the period and branch profits remitted to the direct investor, gross of any withholding taxes. Dividends include payments due on common and preferred shares.Reinvested earnings See definition under FDI flows.Interest on loans Interest accrued in the period on loans (other FDI capital) with affiliated enterprises, gross of any withholding tax. 4) FDI intensity Out of FDI annual data, an indicator useful to measure EU market integration is also calculated and disseminated in the domain Structural Indicators:FDI intensity as % of GDP: Average of inward and outward FDI flows divided by GDP. A higher index indicates higher new FDI during the period in relation to the size of the economy as measured by GDP. If this index increases over time, then the country/zone is becoming more integrated with the international economy.

Eurostat uses as a base for its work the OECD Benchmark Definition of Foreign Direct Investment Third Edition, a detailed operational definition fully consistent with the IMF Balance of Payments Manual, Fifth Edition, BPM5. Foreign direct investment (FDI) is the category of international investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). The lasting interest is deemed to exist if the direct investor acquires at least 10% of the voting power of the direct investment enterprise. FDI statistics record separately: 1) Inward FDI (or FDI in the reporting economy), namely investment by foreigners in enterprises resident in the reporting economy. 2) Outward FDI (or FDIabroad), namely investment by residents entities in affiliated enterprises abroad. FDI statistics record both the initial investment and all subsequent investment made by the direct investor, either in the form of equity capital, or in the form of loans, or in the form of reinvesting earnings. Investment made through other affiliated enterprises of the same group of the direct investor should also be recorded according to the international methodology. There are three main indicators: FDI flows, stocks and income. The indicators described in more detail below are presented in the complete tables with a breakdown by partner country or region and a breakdown by the kind of activity in which FDI is made. In the table called "Main indicators" there is a reduced breakdown by partners and data for total activity only. See the part on classification system for more detail. See also the User's guideon the structure on the database and for practical information on data downloading. 1) FDI flows denote the new investment made during the period. FDI flows are recorded in the Balance of Payments financial account. Total FDI flows are broken down by kind of instrument used for making the investment:Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery.Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Reinvested earnings are an imputed transaction. Reinvested earnings are also recorded with opposite sign among FDI income (see below). This recording represents not distributed income as being earned by the direct investor and reinvested in the direct investment enterprise at the same time.Other FDI capital (loans) covers the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. Debt transactions between affiliated financial intermediaries recorded under direct investment flows are limited to permanent debt. 2) FDI stocks (or positions) denote the value of the investment at the end of the period. FDI stocks are recorded in the International Investment Position. Outward FDI stocks are recorded as assets of the reporting economy, inward FDI stocks as liabilities. Similarly with flows, FDI stocks are broken down by kind of instrument. However, there are only two categories instead of three:Equity capital and reinvested earnings is the value of the own capital of the enterprise, including the value of own reserves that are accumulated from past reinvested earnings. Reserves corresponding to reinvested earnings are not shown separately from other equity capital as in the case of flows.Other FDI capital is the stock of debts (assets or liabilities) between the direct investors and the direct investment enterprise. 3) FDI income is the income accruing to direct investors during the period. FDI income is recorded in the current account of the Balance of Payments. Total FDI income is broken down by kind of income. The categories of FDI income available are linked to the breakdown of FDI flows and stocks by kind of instrument, namely:Dividends Dividends payable in the period and branch profits remitted to the direct investor, gross of any withholding taxes. Dividends include payments due on common and preferred shares.Reinvested earnings See definition under FDI flows.Interest on loans Interest accrued in the period on loans (other FDI capital) with affiliated enterprises, gross of any withholding tax. 4) FDI intensity Out of FDI annual data, an indicator useful to measure EU market integration is also calculated and disseminated in the domain Structural Indicators:FDI intensity as % of GDP: Average of inward and outward FDI flows divided by GDP. A higher index indicates higher new FDI during the period in relation to the size of the economy as measured by GDP. If this index increases over time, then the country/zone is becoming more integrated with the international economy.

Eurostat uses as a base for its work the OECD Benchmark Definition of Foreign Direct Investment Third Edition, a detailed operational definition fully consistent with the IMF Balance of Payments Manual, Fifth Edition, BPM5. Foreign direct investment (FDI) is the category of international investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). The lasting interest is deemed to exist if the direct investor acquires at least 10% of the voting power of the direct investment enterprise. FDI statistics record separately: 1) Inward FDI (or FDI in the reporting economy), namely investment by foreigners in enterprises resident in the reporting economy. 2) Outward FDI (or FDIabroad), namely investment by residents entities in affiliated enterprises abroad. FDI statistics record both the initial investment and all subsequent investment made by the direct investor, either in the form of equity capital, or in the form of loans, or in the form of reinvesting earnings. Investment made through other affiliated enterprises of the same group of the direct investor should also be recorded according to the international methodology. There are three main indicators: FDI flows, stocks and income. The indicators described in more detail below are presented in the complete tables with a breakdown by partner country or region and a breakdown by the kind of activity in which FDI is made. In the table called "Main indicators" there is a reduced breakdown by partners and data for total activity only. See the part on classification system for more detail. See also the User's guideon the structure on the database and for practical information on data downloading. 1) FDI flows denote the new investment made during the period. FDI flows are recorded in the Balance of Payments financial account. Total FDI flows are broken down by kind of instrument used for making the investment:Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery.Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Reinvested earnings are an imputed transaction. Reinvested earnings are also recorded with opposite sign among FDI income (see below). This recording represents not distributed income as being earned by the direct investor and reinvested in the direct investment enterprise at the same time.Other FDI capital (loans) covers the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. Debt transactions between affiliated financial intermediaries recorded under direct investment flows are limited to permanent debt. 2) FDI stocks (or positions) denote the value of the investment at the end of the period. FDI stocks are recorded in the International Investment Position. Outward FDI stocks are recorded as assets of the reporting economy, inward FDI stocks as liabilities. Similarly with flows, FDI stocks are broken down by kind of instrument. However, there are only two categories instead of three:Equity capital and reinvested earnings is the value of the own capital of the enterprise, including the value of own reserves that are accumulated from past reinvested earnings. Reserves corresponding to reinvested earnings are not shown separately from other equity capital as in the case of flows.Other FDI capital is the stock of debts (assets or liabilities) between the direct investors and the direct investment enterprise. 3) FDI income is the income accruing to direct investors during the period. FDI income is recorded in the current account of the Balance of Payments. Total FDI income is broken down by kind of income. The categories of FDI income available are linked to the breakdown of FDI flows and stocks by kind of instrument, namely:Dividends Dividends payable in the period and branch profits remitted to the direct investor, gross of any withholding taxes. Dividends include payments due on common and preferred shares.Reinvested earnings See definition under FDI flows.Interest on loans Interest accrued in the period on loans (other FDI capital) with affiliated enterprises, gross of any withholding tax. 4) FDI intensity Out of FDI annual data, an indicator useful to measure EU market integration is also calculated and disseminated in the domain Structural Indicators:FDI intensity as % of GDP: Average of inward and outward FDI flows divided by GDP. A higher index indicates higher new FDI during the period in relation to the size of the economy as measured by GDP. If this index increases over time, then the country/zone is becoming more integrated with the international economy.

 Foreign Direct Investment (FDI) encompasses all kind of cross-border investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). FDI is one of the five main functional categories of investment used in international accounts to classify either the Internal Investment Positions (IIP) or the Balance of Payment (BOP) statements of a given economy (vis-à-vis the rest of the world). Foreign Direct Investment positions show at a point in time (generally, end of a reference year) the value of financial direct investment assets of residents of an economy on non-residents, and financial direct investment liabilities of residents of an economy to non-resident. The net FDI position is the difference between assets and liabilities, which is also equivalent (under the directional principle presentation) to the difference between FDI positions abroad and in the reporting economy. The net FDI position represents either a net FDI claim or a net FDI liability to the rest of the world.        Foreign direct investment transactions summarize all economic direct investment interactions between the residents and the non-residents during a given period. Two types of FDI transactions can be identified (within the BOP framework) according to the economic meaning they convey: FDI income is a distributive transaction showing amounts payable and receivable between resident and non-resident entities in return for providing financial direct investment assets to the rest of the world, or incurring direct investment liabilities vis-à-vis the rest of the world.FDI flows refer to financial transactions showing the net acquisition or disposal of financial assets and liabilities involved in direct investment relationships.FDI positions, FDI income and FDI flows are disseminated by Eurostat together with estimated EU FDI aggregates (directly produced by Eurostat).  Other FDI changes that are not transaction changes, such as volume, value or prices changes, are not treated by Eurostat under the scope of annual FDI statistics. Annual FDI data are disseminated by Eurostat according to the directional principle (see sub section 3.4 below). The geographical allocation is made according to the economic residence of the immediate direct investor or immediate direct investment company (immediate counterparts). FDI data classified according to ultimate investor or host economy are not yet available at Eurostat (see 12.1).  International Guides recommend the classification of FDI data both according to the activity of the direct investor and the activity of the direct investment enterprise. In practice, it is very difficult for national compilers to have both classifications. In that case, the recommended classification by activity is that of the direct investment enterprise. On the outward side, national compilers are not always able to classify their FDI data according to the activity of the direct investment enterprise. In that case, the classification used as a proxy is the activity of the direct investor.  Alongside with International Trade in Services Statistics (ITSS) and Foreign Affiliates Trade Statistics (FATS), FDI data are relevant to monitor the overall effectiveness and competitiveness of different economies in the globalised world.

 Foreign Direct Investment (FDI) encompasses all kind of cross-border investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). FDI is one of the five main functional categories of investment used in international accounts to classify either the Internal Investment Positions (IIP) or the Balance of Payment (BOP) statements of a given economy (vis-à-vis the rest of the world). Foreign Direct Investment positions show at a point in time (generally, end of a reference year) the value of financial direct investment assets of residents of an economy on non-residents, and financial direct investment liabilities of residents of an economy to non-resident. The net FDI position is the difference between assets and liabilities, which is also equivalent (under the directional principle presentation) to the difference between FDI positions abroad and in the reporting economy. The net FDI position represents either a net FDI claim or a net FDI liability to the rest of the world.        Foreign direct investment transactions summarize all economic direct investment interactions between the residents and the non-residents during a given period. Two types of FDI transactions can be identified (within the BOP framework) according to the economic meaning they convey: FDI income is a distributive transaction showing amounts payable and receivable between resident and non-resident entities in return for providing financial direct investment assets to the rest of the world, or incurring direct investment liabilities vis-à-vis the rest of the world.FDI flows refer to financial transactions showing the net acquisition or disposal of financial assets and liabilities involved in direct investment relationships.FDI positions, FDI income and FDI flows are disseminated by Eurostat together with estimated EU FDI aggregates (directly produced by Eurostat).  Other FDI changes that are not transaction changes, such as volume, value or prices changes, are not treated by Eurostat under the scope of annual FDI statistics. Annual FDI data are disseminated by Eurostat according to the directional principle (see sub section 3.4 below). The geographical allocation is made according to the economic residence of the immediate direct investor or immediate direct investment company (immediate counterparts). FDI data classified according to ultimate investor or host economy are not yet available at Eurostat (see 12.1).  International Guides recommend the classification of FDI data both according to the activity of the direct investor and the activity of the direct investment enterprise. In practice, it is very difficult for national compilers to have both classifications. In that case, the recommended classification by activity is that of the direct investment enterprise. On the outward side, national compilers are not always able to classify their FDI data according to the activity of the direct investment enterprise. In that case, the classification used as a proxy is the activity of the direct investor.  Alongside with International Trade in Services Statistics (ITSS) and Foreign Affiliates Trade Statistics (FATS), FDI data are relevant to monitor the overall effectiveness and competitiveness of different economies in the globalised world.

 A yield curve, also known as term structure of interest rates, represents the relationship between market remuneration (interest) rates and the remaining time to maturity of debt securities. The information content of a yield curve reflects the asset pricing process on financial markets. When buying and selling bonds, investors include their expectations of  future inflation, real interest rates and their assessment of risks. An investor calculates the price of a bond by discounting the expected future cash flows (coupon payments and/or redemption). The European Central Bank estimates zero-coupon yield curves for the euro area and also derives forward and par yield curves. A zero coupon bond is a bond that pays no coupon and is sold at a discount from its face value. The zero coupon curve represents the yield to maturity of hypothetical zero coupon bonds, since they are not directly observable in the market for a wide range of maturities. They must therfore be estimated from existing zero coupon bonds and fixed coupon bond prices or yields.  The forward curve shows the short-term (instantaneous) interest rate for future periods implied in the yield curve. The par yield reflects hypothetical yields, namely the interest rates the bonds would have yielded had they been priced at par (i.e. at 100). An outlier removal mechanism is applied to bonds that have passed the selection criteria described in 11.1. Bonds are removed if their yields deviate by more than twice the standard deviation from the average yield in the same maturity bracket. Afterwards, the same procedure is repeated. 

 A yield curve, also known as term structure of interest rates, represents the relationship between market remuneration (interest) rates and the remaining time to maturity of debt securities. The information content of a yield curve reflects the asset pricing process on financial markets. When buying and selling bonds, investors include their expectations of  future inflation, real interest rates and their assessment of risks. An investor calculates the price of a bond by discounting the expected future cash flows (coupon payments and/or redemption). The European Central Bank estimates zero-coupon yield curves for the euro area and also derives forward and par yield curves. A zero coupon bond is a bond that pays no coupon and is sold at a discount from its face value. The zero coupon curve represents the yield to maturity of hypothetical zero coupon bonds, since they are not directly observable in the market for a wide range of maturities. They must therfore be estimated from existing zero coupon bonds and fixed coupon bond prices or yields.  The forward curve shows the short-term (instantaneous) interest rate for future periods implied in the yield curve. The par yield reflects hypothetical yields, namely the interest rates the bonds would have yielded had they been priced at par (i.e. at 100). An outlier removal mechanism is applied to bonds that have passed the selection criteria described in 11.1. Bonds are removed if their yields deviate by more than twice the standard deviation from the average yield in the same maturity bracket. Afterwards, the same procedure is repeated. 

Data given in this domain are collected annually by the National Statistical Institutes and are based on Eurostat's annual model questionnaires on ICT (Information and Communication Technologies) usage in households and by individuals. Large part of the data collected are used in the context of the follow up of the Digital Single Market process (Monitoring the Digital Economy & Society  2016-2021). This conceptual framework follows the 2011 - 2015 benchmarking framework, the i2010 Benchmarking Framework and the eEurope 2005 Action Plan. ICT usage data are also used in the Consumer Conditions Scoreboard (purchases over the Internet) and in the Employment Guidelines (e-skills of individuals). The aim of the European ICT surveys is the timely provision of statistics on individuals and households on the use of Information and Communication Technologies at European level. Data for this collection are supplied directly from the surveys with no separate treatment. Coverage: The characteristics to be provided are drawn from the following list of subjects:access to and use of ICTs by individuals and/or in households,use of the Internet and other electronic networks for different purposes by individuals and/or in households,ICT security and trust,ICT competence and skills,barriers to the use of ICT and the Internet,perceived effects of ICT usage on individuals and/or on households,use of ICT by individuals to exchange information and services with governments and public administrations (e-government),access to and use of technologies enabling connection to the Internet or other networks from anywhere at any time (ubiquitous connectivity). Breakdowns (see details of available breakdowns): Relating to households:by region of residence (NUTS 1, optional: NUTS 2)by geographical location: less developed regions, transition regions, more developed regionsby degree of urbanisation (till 2012: densely/intermediate/sparsely populated areas; from 2012: densely/thinly populated area, intermediate density area) by type of householdby households net monthly income (optional) Relating to individuals:by region of residence (NUTS1, optional: NUTS 2)by geographical location: less developed regions, transition regions, more developed regionsby degree of urbanisation: (till 2012: densely/intermediate/sparsely populated areas; from 2012: densely/thinly populated area, intermediate density area)by genderby country of birth, country of citizenship (as of 2010, optional in 2010)by educational level: ISCED 1997 up to 2013 and ISCED 2011 from 2014 onwards.by occupation: manual, non-manual; ICT (coded by 2-digit ISCO categories)/non-ICT (optional: all 2-digit ISCO categories)by employment situationby age (in completed years and by groups)legal / de facto marital status (2011-2014, optional) Regional breakdowns (NUTS) are available only for a selection of indicators disseminated in the regional tables in Eurobase (Regional Information society statistics by NUTS regions (isoc_reg):Households with access to the internet at homeHouseholds with broadband accessIndividuals who have never used a computerIndividuals who used the internet, frequency of use and activitiesIndividuals who used the internet for interaction with public authoritiesIndividuals who ordered goods or services over the internet for private useIndividuals who accessed the internet away from home or work

Public deficit/surplus is defined in the Maastricht Treaty as general government net borrowing/lending according to the European System of Accounts. The general government sector comprises central government, state government, local government, and social security funds. The relevant definitions are provided in Council Regulation 479/2009, as amended.

General government gross fixed capital formation (ESA 2010 code P.51g) consists of resident producers' acquisitions, less disposals of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of government producer or units. Fixed assets are produced assets used in production for more than one year.

The gross saving rate of households (including Non-Profit Institutions Serving Households) is defined as gross saving (ESA2010 code: B8G) divided by gross disposable income (B6G), with the latter being adjusted for the change in in pension entitlements (D8net). Gross saving is the part of the gross disposable income which is not spent as final consumption expenditure. The indicator is based on data from annual non-financial sector accounts. For more information please refer to Eurobase domain nasa_10_nf_tr.

The Balance of Payments (BOP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, primary and secondary income), as well as on transactions which fall in the capital and the financial account. International investment position presents value of financial assets owned outside the economy and indebtedness of the economy to the rest of the world. BOP is an important macro-economic indicator used to assess the position of an economy (of credit or debit for current and capital acount, net acquisition of financial assets or net incurrence of liabilities for BOP financial account and international investment position) towards the external world. Out of BOP data, some indicators on international position of the EU and Member States are derived. Indicators on Main Balance of Payments and International Investment Position items as share of GDP are presented as percentage of GDP for given year or quarter and moving average for 3 consecutive years for:balance, credit and debit flows of current and capital accounts and of main current account  items: goods, services, primary and secondary income,net flows, net acquisition of financial assets and net incurrence of liabilities for total financial account and foreign direct investment, international investment position and net external debt at the end of reference quarter or year. Indicators on export market shares present shares of each EU Member State in total world exports of goods and services for given year, and 1-year and 5-year percentage changes of these shares, as well as shares in OECD exports and 5-year percentage changes of these shares.

Eurostat uses as a base for its work the OECD Benchmark Definition of Foreign Direct Investment Third Edition, a detailed operational definition fully consistent with the IMF Balance of Payments Manual, Fifth Edition, BPM5. Foreign direct investment (FDI) is the category of international investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). The lasting interest is deemed to exist if the direct investor acquires at least 10% of the voting power of the direct investment enterprise. FDI statistics record separately: 1) Inward FDI (or FDI in the reporting economy), namely investment by foreigners in enterprises resident in the reporting economy. 2) Outward FDI (or FDIabroad), namely investment by residents entities in affiliated enterprises abroad. FDI statistics record both the initial investment and all subsequent investment made by the direct investor, either in the form of equity capital, or in the form of loans, or in the form of reinvesting earnings. Investment made through other affiliated enterprises of the same group of the direct investor should also be recorded according to the international methodology. There are three main indicators: FDI flows, stocks and income. The indicators described in more detail below are presented in the complete tables with a breakdown by partner country or region and a breakdown by the kind of activity in which FDI is made. In the table called "Main indicators" there is a reduced breakdown by partners and data for total activity only. See the part on classification system for more detail. See also the User's guideon the structure on the database and for practical information on data downloading. 1) FDI flows denote the new investment made during the period. FDI flows are recorded in the Balance of Payments financial account. Total FDI flows are broken down by kind of instrument used for making the investment:Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery.Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Reinvested earnings are an imputed transaction. Reinvested earnings are also recorded with opposite sign among FDI income (see below). This recording represents not distributed income as being earned by the direct investor and reinvested in the direct investment enterprise at the same time.Other FDI capital (loans) covers the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. Debt transactions between affiliated financial intermediaries recorded under direct investment flows are limited to permanent debt. 2) FDI stocks (or positions) denote the value of the investment at the end of the period. FDI stocks are recorded in the International Investment Position. Outward FDI stocks are recorded as assets of the reporting economy, inward FDI stocks as liabilities. Similarly with flows, FDI stocks are broken down by kind of instrument. However, there are only two categories instead of three:Equity capital and reinvested earnings is the value of the own capital of the enterprise, including the value of own reserves that are accumulated from past reinvested earnings. Reserves corresponding to reinvested earnings are not shown separately from other equity capital as in the case of flows.Other FDI capital is the stock of debts (assets or liabilities) between the direct investors and the direct investment enterprise. 3) FDI income is the income accruing to direct investors during the period. FDI income is recorded in the current account of the Balance of Payments. Total FDI income is broken down by kind of income. The categories of FDI income available are linked to the breakdown of FDI flows and stocks by kind of instrument, namely:Dividends Dividends payable in the period and branch profits remitted to the direct investor, gross of any withholding taxes. Dividends include payments due on common and preferred shares.Reinvested earnings See definition under FDI flows.Interest on loans Interest accrued in the period on loans (other FDI capital) with affiliated enterprises, gross of any withholding tax. 4) FDI intensity Out of FDI annual data, an indicator useful to measure EU market integration is also calculated and disseminated in the domain Structural Indicators:FDI intensity as % of GDP: Average of inward and outward FDI flows divided by GDP. A higher index indicates higher new FDI during the period in relation to the size of the economy as measured by GDP. If this index increases over time, then the country/zone is becoming more integrated with the international economy.

The non-financial Annual Sector Accounts (ASA) are compiled in accordance with the European System of Accounts (ESA 2010) and are transmitted by the EU Member States, EEA Members (Norway, Iceland) and Switzerland following ESA2010 transmission programme (Table 8) established by the Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, annexes A and B respectively). The ASA encompass non-financial accounts that provide a description of the different stages of the economic process: production, generation of income, distribution of income, redistribution of income, use of income and non-financial accumulation. The ASA record the economic flows of institutional sectors in order to illustrate their economic behaviour and interactions between them. They also provide a list of balancing items that have high analytical value in their own right: value added, operating surplus and mixed income, balance of primary incomes, disposable income, saving, net lending / net borrowing. All of them but net lending / net borrowing, can be expressed in gross or net terms, i.e. with and without consumption of fixed capital that accounts for the use and obsolescence of fixed assets. In terms of institutional sectors, a broad distinction is made between the domestic economy (ESA 2010 classification code S.1) and the rest of the world (S.2). Within S.1 and S.2, in turn, more detailed subsectors are distinguished as explained in more detail in section "3.2 Classification system". Data are presented in the table "Non-financial transactions" (nasa_10_nf_tr). The table contains data, as far as they are available, expressed in national currency and millions of euro in current prices. In line with ESA2010 Transmission programme requirements data series start from 1995 (unless subject to voluntary transmission option and/or country specific derogations). Countries may transmit longer series on voluntary basis. Available level of detail by sectors and transactions may also vary by country due to voluntary transmission of some items (as defined in ESA2010 transmission programme) and country specific derogations. ASA collected according ESA2010 Transmission programme include selected data on employment (in persons and hours worked) by institutional sectors. However, as transmission of these variables is voluntary (except for the sector of General government), data availability may vary significantly across countries. A set of key indicators, deemed meaningful for economic analysis, is available in the table "Key indicators" (nasa_10_ki) for most of the members of the European Economic Area (EEA), of the Euro area and EU. Key ratios are derived from non-financial transactions as follows: Gross household saving rate (S.14_S.15): B8G/(B6G+D8rec-D8pay)*100Gross investment rate of households (S.14_S.15): P51G/(B6G+D8rec-D8pay)*100Gross investment rate of non-financial corporations (S.11): P51G/B1G*100Gross profit share of non-financial corporations (S.11): B2G_B3G/B1G*100Total investment to GDP ratio (S.1): P51G/B1GQ*100Business investment to GDP ratio: (S.11_P51G+S.12_P51G)/B1GQ*100Government investment to GDP ratio: S.13_P51G/B1GQ*100Households investment to GDP ratio: (S.14_S.15_P51G)/B1GQ*100 With the following transaction codes: B8G -  Gross savingB6G - Gross disposable incomeD8rec / D8pay - the adjustment for the change in pension entitlements (receivable / payable)P51G - Gross fixed capital formationB1G - Gross value addedB1GQ – Gross domestic productB2G_B3G - Gross operating surplus/ mixed income. In the above, all ratios are expressed in gross terms, i.e. before deduction of consumption of fixed capital. The following key indicators are calculated in real or nominal terms: Real growth of household adjusted disposable income per capita (percentage change on previous period, S.14_S.15): B7G/(POP_NC*Price Deflator)Nominal growth of household adjusted disposable income per capita (percentage change on previous period, S.14_S.15): B7G/(POP_NC)Real growth of household actual consumption per capita (percentage change on previous period, S.14_S.15): P4/(POP_NC*Price Deflator) With the following codes (the codes already described above have not been listed): B7G - Gross adjusted gross disposable income (adjusted for social transfers in kind)P4 - Actual final consumption (adjusted for social transfers in kind)POP_NC - Total population national concept (source:Quarterly national accounts, Eurobase domain namq_10_pe)Price deflator - Price index/implicit deflator calculated as CP_MEUR/CLV10_MEUR – both indicators refer to households and NPISH final consumption expenditure (P31_S14_S15) (source: Quarterly national accounts, Eurobase domain namq_10_gdp) The following key indicators combine non-financial with financial accounts: Gross return on capital employed, before taxes, of non-financial corporations (S.11): [B2G_B3G/(AF2+AF3+AF4+AF5, liab)]*100Net debt-to-income ratio, after taxes, of non-financial corporations (S.11): ([(AF2+AF3+AF4, liab)/(B4N-D5pay)]*100)Net return on equity, after taxes, of non-financial corporations (S.11): [(B4N-D5pay)/(AF5, liab)]*100Gross debt-to-income ratio of households (S.14_15): [(AF4, liab)/(B6G+D8net)]*100Household net financial assets ratio (BF90/(B6G+D8net)) With the following codes (the codes already described above have not been listed): B4N - Net entrepreneurial incomeD5pay - Current taxes on income and wealthAF2 - Currency and depositsAF3 - Debt securities (excluding financial derivatives)AF4 - LoansAF5 - Equity and investment fund sharesBF90 – Financial net worth "rec" means resources, that is transactions that add to the economic value of a given sector. "pay" means "uses", that is transactions that reduce the economic value of a given sector. "liab" refers to the stock of liabilities incurred by a given sector and recorded in the financial balance sheets. See also the sector accounts dedicated website for more information.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a geographical region during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services, a component of BoP current account, and data on Foreign Direct Investment, a component of BoP financial account, are used to monitor the external commercial performance of different economies. Outward Foreign Affiliates Statistics (FATS) measure the commercial presence, as defined by the General Agreement on Trade in Services (GATS), through affiliates in foreign markets. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports.  Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU or in millions of national currency. Balance of Payments data coverage varies according to the collection. Some collections refer only to Euro area or EU countries, while some others' coverage includes also EU partner countries.   Several statistical adjustments are applied to the original data provided by the Member States. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.    More information on BoP is available for each specific collection: Quarterly BoP, ITS, FDI, Outward FATS, BoP of EU Institutions.

The international investment position (IIP) is a statistical statement that shows at a point in time the value and composition of: -financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets, and -liabilities of residents of an economy to non-residents. The difference between an economy’s external financial assets and liabilities is the economy’s net IIP, which may be positive or negative. Respectively the net international investment position (NIIP) provides an aggregate view of the net financial position (assets minus liabilities) of a country vis-à-vis the rest of the world. It allows for a stock-flow analysis of external position of the country. The MIP scoreboard indicator is the net international investment position expressed in percent of GDP. The indicator is based on the Eurostat data from the Balance of payment statistics. These data are quaterly reported by the EU Member States. Definitions are based on the Sixth Edition of the IMF's Balance of Payments and International Investment Position Manual (BPM6). The indicative threshold is -35%. The MIP scoreboard indicator is calculated as: [NIIPt/GDPt]*100.

This derived indicator compares remuneration (compensation per employee in current prices) and productivity (gross domestic product (GDP) in volumes per employment) to show how the remuneration of employees is related to the productivity of their labour. It is the relationship between how much each "worker" is paid and the value he/she produces by their work. Its growth rate is intended to give an impression of the dynamics of the participation of the production factor labour in output value created. Please note that the variables used in the numerator (compensation, employees) refer to employed labour only, while those in the denominator (GDP, employment) refer to all labour, including self-employed.

Official development assistance (ODA) consists of grants or loans that are undertaken by the official sector with the objective of promoting economic development and welfare in recipient countries. Disbursements record the actual international transfer of financial resources, or of goods or services valued at the cost of the donor. ODA is here presented as a share of Gross National Income (GNI). GNI at market prices equals Gross Domestic Product (GDP) minus primary income payable by resident units to non-resident units, plus primary income receivable by resident units from the rest of the world. The EU made a commitment to collectively reach official development assistance of 0.7% of GNI by 2015 and of 0.56% of GNI as an intermediate target by 2010. The list of countries and territories eligible to receive ODA is determined by the OECD’s Development Assistance Committee (DAC).

Short-term statistics (STS) give information on a wide range of economic activities according to NACE Rev.2 classification (Statistical Classification of Economic Activities in the European Community). The industrial import price indices offer information according to the CPA classification (Statistical Classification of Products by Activity in the European Economic Community). Construction indices are broken down by Classification of Types of Constructions (CC). All data under this heading are index data. Percentage changes are also available for each indicator. The index data are generally presented in the following forms:UnadjustedCalendar adjustedSeasonally adjusted Depending on the STS regulation data are accessible as monthly, quarterly and annual data. This heading covers the indicators listed below in four different sectors. Based on the national data, Eurostat compiles EU and euro area infra-annual economic statistics. Among these, a list of indicators, called Principal European Economic Indicators (PEEIs) has been identified by key users as being of prime importance for the conduct of monetary and economic policy of the euro area. These indicators are mainly released through Eurostat's website under the heading Euro-indicators. There are eight PEEIs contributed by STS and they are marked with * in the text below. INDUSTRYProduction (volume)*Turnover: Total, Domestic market and Non-domestic market==> A further breakdown of the non-domestic turnover into euro area and non euro area is available for the euro area countriesProducer prices (output prices)*: Total, Domestic market and Non-domestic market==> A further breakdown of the non-domestic producer prices into euro area and non euro area is available for the euro area countriesImport prices*: Total, Euro area market, Non euro area market (euro area countries only)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salaries CONSTRUCTIONProduction (volume)*: Total of the construction sector, Building construction, Civil EngineeringBuilding permits indicators*: Number of dwellings, Square meters of useful floor (or alternative size measure)Construction costs or prices: Construction costs, Material costs, Labour costs (if not available, they may be approximated by the Producer (output) prices variable)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salaries WHOLESALE AND RETAIL TRADEVolume of sales (deflated turnover)*Turnover (value)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salaries SERVICESTurnover (in value)*Labour input indicators: Number of persons employed, Hours worked, Gross wages and salariesProducer prices (Output prices )* National reference metadata of the reporting countries can be found in the Annexes of this metadata file.

The adjusted gross disposable income of households per capita in PPS is calculated as the adjusted gross disposable income of households and Non-Profit Institutions Serving Households (NPISH) divided by the purchasing power parities (PPP) of the actual individual consumption of households and by the total resident population.

The REER (or Relative price and cost indicators) aim to assess a country's (or currency area's) price or cost competitiveness relative to its principal competitors in international markets. Changes in cost and price competitiveness depend not only on exchange rate movements but also on cost and price trends. The specific REER for the Sustainable Development Indicators is deflated by nominal unit labour costs (total economy) against a panel of 37 countries (= EU28 + 9 other industrial countries: Australia, Canada, United States, Japan, Norway, New Zealand, Mexico, Switzerland, and Turkey). Double export weights are used to calculate REERs, reflecting not only competition in the home markets of the various competitors, but also competition in export markets elsewhere. A rise in the index means a loss of competitiveness.

The REER (or Relative price and cost indicators) aim to assess a country's (or currency area's) price or cost competitiveness relative to its principal competitors in international markets. Changes in cost and price competitiveness depend not only on exchange rate movements but also on cost and price trends. The indicator is deflated by the price index (total economy) against a panel of 42 countries (= EU27+ 15 other industrial countries: Australia, Canada, United States, Japan, Norway, New Zealand, Mexico, Switzerland, UK, Turkey, Russia, China, Brazil, South Korea and Hong Kong). Double export weights are used to calculate REERs, reflecting not only competition in the home markets of the various competitors, but also competition in export markets elsewhere. A rise in the index means a loss of competitiveness. Data source: Directorate General for Economic and Financial Affairs (DG ECFIN). Data are non-seasonal adjusted.

An interest rate is the cost or price of borrowing, or the gain from lending, normally expressed as an annual percentage amount. Day-to-day money refers to deposits or loans on the money market with a maturity of one business day.

An interest rate is the cost or price of borrowing, or the gain from lending, normally expressed as an annual percentage amount. Three-month interbank rates apply to deposits or loans between banks with an original maturity of three months.

The total financial sector liabilities measures the evolution of the sum of all liabilities (which includes Currency and deposits, Debt securities, Loans, Equity and investment fund shares/units, Insurance, pensions and standardised guarantee schemes, Financial derivatives and employee stock options and Other accounts payable) of the financial corporations sector. Data are presented in consolidated terms (i.e. data do not take into account transactions within the same sector), in % of GDP and by instruments.