National accounts, domestic product

The European procedure in the event of an excessive deficit

According to the Treaty establishing the European Community, the member states of the EU are obliged to avoid excessive government deficits (Article 104). That obligation was confirmed by the European Stability and Growth Pact when the EURO was introduced as a common currency in the participating member states. If certain reference values are exceeded in a member state, the excessive deficit procedure, as it is called, is triggered, at the end of which fines amounting to billions may have to be paid.

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Major Revision of National Accounts 2024

In 2024, a Europe-wide harmonized major revision of the National Accounts took place in Germany. The revised results were published for the first time in sommer 2024.

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20.8 trillion euro capital stock on a gross basis at the end of 2019

At the end of 2019, the replacement value of fixed assets available for production in the national economy amounted to Euro 20.8 trillion.

In national wealth accounts, the Federal Statistical Office provides selected data on non-financial assets of the national economy, in particular on the stock of fixed assets and on the stock of consumer durables of households, while the financial assets are determined by Deutsche Bundesbank. The publication issued jointly with the Deutsche Bundesbank Balance sheets for institutional sectors and the total economy is available published in december 2019. For basic information on the methods of calculating the stock of fixed assets please refer to the paper Measuring capital stock in Germany.

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