Harmonisation of the compilation of GNP
The creation of an additional own resource for the Communities, based on the gross national product at market prices ("GNPmp") of the Member States has made it necessary to make this aggregate more comparable and reliable. Both the definition and the method of calculating GNP must be harmonised. This will make it easier to analyse comparable data in the context of the internal market.
Firstly, the Directive defines GNPmp in accordance with the current European System of Integrated Economic Accounts (ESA). GNPmp is calculated by adding to gross domestic product at market prices (GDPmp, ESA code: N 1) the compensation of employees (R 10) and the property and entrepreneurial income (R 40) received from the rest of the world less the corresponding flows paid to the rest of the world. GDPmp represents the final result of productive activity by resident production units. Referring to the ESA, GDPmp may be presented in three ways:
- from the output angle: GDPmp (N 1) is the difference between output of goods and services (P 10) and intermediate consumption (P 20) plus VAT on products (R 21) and net taxes linked to imports (excluding value added tax (VAT)) (R 29);
- from the expenditure angle: GDPmp (N 1) is the sum of final consumption (P 30) on the economic territory by households and private non-profit institutions and general government, gross fixed capital formation (P 41), change in stocks (P 42), and the difference between exports (P 50) and imports (P 60);
- from the income angle: GDPmp (N 1) is the sum of compensation of employees (R 10), gross operating surplus of the economy (N 2), and taxes linked to production and imports (R 20) less subsidies (R 30).
Member States establish GNPmp in accordance with the definition given in the Directive. Before 1 October each year, they provide the Commission, in the context of national accounting procedures, with figures for the GNPmp aggregate and its components according to the ESA definitions referred to above. Member States also supply the information necessary to show how the aggregate was found. The figures cover the preceding year and any changes made to the figures for previous financial years. The Commission is assisted by a committee.
The Agreement on the European Economic Area amends the Directive. It states that Liechtenstein is exempt from providing the data required by the Directive and that Austria, Finland, Iceland, Norway and Switzerland will provide the data as from 1995 at the latest.
In practice, the Directive has been replaced de facto but not de jure since 2002 by Council Regulation (EC, Euratom) No 1287/2003 of 15 July 2003 on the harmonisation of gross national income at market prices (GNI Regulation).
|Act||Entry into force||Deadline for transposition in the Member States||Official Journal|
|Directive 89/130/EEC||13 March 1989||16 February 1990||OJ L 49 of 21.2.1989|
|Amending act(s)||Entry into force||Deadline for transposition in the Member States||Official Journal|
|Regulation (EC) No 1882/2003||20.11.2003||-||OJ L 284 of 31.10.2003|
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