Resumen de Impact of the 2024 Coordinated Benchmark Revision on GDP and Main Aggregates: An Analysis for the EU, EA and the Four Largest EU Economies Germany, Spain, France and Italy

Johannes Buck

• Revisions to Gross Domestic Product (GDP) ensure the accuracy and relevance of national accounts data. The European Union (EU)’s Harmonized European Revision Policy (HERP) distinguishes between routine revisions for recent periods and periodic benchmark revisions that incorporate significant updates like new data sources and methods (Eurostat). In 2024, 26 EU Member States participated in a coordinated benchmark revision of national accounts.

  This article examines the impact of the 2024 coordinated benchmark revision on GDP for the EU, the euro area (EA) and four large EU countries. By exploring these changes, the paper highlights the critical role of benchmark revisions in ensuring the robustness and harmonization of economic statistics in Europe.