The main components of EU international trade in services were "other business services" (R&D, business, professional & technical services) which accounted in 2014 for 26% of EU total exports and 28% of imports, Transport services (18% and 20%), Travel services (14% and 16%), Telecommunications, computer and information services (12% and 9%) and Financial services (10% and 6%). In 2014, the…
Modern economies place increasing emphasis on adding value by means of better use of knowledge and innovation. Most analysts agree that education and training can be a determining factor in enhancing creativity, innovation performance and competitiveness – the ‘knowledge triangle’ comprising education, research and innovation. However, creativity and innovation are also linked to personal…
The social situation is largely formed in the cross-field between longer-term developments in population structures and short to medium term changes in the economy. After five years of strong economic growth, which created 12 million jobs and raised the employment rate by four percentage points to 64.0% of the working age population, the outlook has now become less optimistic. In 2001 the rat…
GDP in many European countries, provides for public services and re-distributive flows, such as social benefits. There is an increasing interest in the purposes of government expenditure and the way in which these purposes change over time. The focus on the quality of public finances, work led in Europe by the Economic Policy Committee under the direction of the ECOFIN council, requires hi…
I am pleased to present this new manual on Quarterly Financial Accounts for the General Government. Given the high user interest accorded to government finance statistics, the introduction of the compilation and collection of timely quarterly financial data has been welcomed. These data complement quarterly data collected for the non-financial transactions of government, in a harmonised wa…