Benchmark revision of the national accounts in 2024

In line with Eurostat’s recommendations, Belgium, along with other European countries, carried out a benchmark revision of its national accounts in 2024. This revision covers the period 2009-2023. Such a revision is carried out every five years as part of the standard procedures to improve statistics.

Benchmark revisions are more important than routine ones. They provide an opportunity to incorporate new data sources, methods and concepts into the estimates used to compile the national accounts. The aim is to improve the quality and consistency of the statistics produced, guarantee their international comparability, and enhance their relevance in a constantly changing economic environment, by taking into account new developments or behaviours of economic agents.

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The main national accounts aggregate - gross domestic product (GDP) - is affected by the benchmark revision, as is gross national income (GNI) and the main economic indicators.

The revised national accounts were published in October 2024, along with documentation detailing the key points of the revision and their impact on the aggregates. A press release has also been published.

The corresponding regional accounts, i.e. including the impact of the benchmark revision, will be released by the end of 2024 for the period 2020-2023 and the end of 2025 for the period 2009-2019.

For more information, please visit Eurostat’s website:
Data revisions - Eurostat (europa.eu)