publishes the indicators of the Macroeconomic Imbalance Procedure (MIP) Scoreboard

Eurostat, the statistical office of the European Union, has just published the indicators of the Macroeconomic

Imbalance Procedure (MIP) Scoreboard.

The MIP is part of the Six-Pack regulation on economic governance adopted by the European Parliament and Council in November 2011.

The MIP Scoreboard provides the statistical support to the annual Alert Mechanism Report released by the

European Commission at the start of the European Semester 2021.

The Alert Mechanism Report identifies those Member States for which in-depth analyses are required on the basis of an economic reading of the scoreboard indicators.

14 indicators

The MIP Scoreboard consists of fourteen indicators relevant for the early detection of existing or

emerging macroeconomic imbalances at Member State level.

The full data series are available on the regularly updated MIP dedicated section of the Eurostat website.

The data from National Accounts and Balance of Payments/International Investment Position used for the

compilation of the MIP Scoreboard indicators are based on the European System of National and Regional

Accounts in the European Union (ESA 2010) and the sixth edition of the IMF’s Balance of Payments and

International Investment Position Manual (BPM6).

MIP-relevant statistical data originate from statistical domains with long track records and of recognised quality.

Eurostat collects the data for MIP Scoreboard indicators from Member States.

Other data sources are the Commission’s Directorate General for Economic and Financial Affairs and the International Monetary Fund.

The cut-off date for the data, that is the date on which the data were extracted from the Eurostat database, was

23rd October 2020. Data are for 2019.