Abstract

National accounts data have been continuously exploited in planning the national economy and in monitoring the economic policy. The paper pleads for the suitability of national accounts for administrative use, having in view the principals of the national accounts system: universality, transparency and harmonization. Further on, the author presents the national accounts at the EU level and its main evolution after adopting the Growth and Stability Pact in 1997. Nowadays, the challenges for the national accounts system are brought about by globalization and deregulation, technological changes and by the interpretation and processing of the money market phenomena. Concluding, the main characteristic of the national accounts system is the fact that the methodology is updated every time and reflects the changes in all economic fields.

Key words: national accounting system, statistics, EU

JEL Classification: C82