European System of Accounts (ESA)

The European System of Accounts (ESA) is a standardized framework used by European countries to measure and report their economic activity consistently. It provides a common set of rules and definitions for recording data like government spending, business revenues, and household income. This helps compare the economic performance and financial position of countries accurately, supporting informed policy-making and economic analysis within Europe. ESA ensures that all countries’ data is compatible, transparent, and reliable, enabling better coordination and understanding of the region’s economic health.