In summary, the annual accounts include the value of goods and services each institutional sector produced, how its income was earned, whether the income was spent or saved and whether the sector was in deficit or surplus.
The external account shows the relationship between the euro area or EU25 and the global economy. The accounts include key macroeconomic indicators, such as gross value added or gross domestic product, operating surplus, disposable income, saving and net lending/net borrowing.
The availability of annual euro area and EU25 accounts is in itself a milestone in the development of European statistics. These accounts will be followed by the regular publication of quarterly euro area and EU25 accounts from spring 2007, which will provide structural information on the European economy and give a better insight into the business cycle.
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