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Eurostat published today the indicators of the Macroeconomic Imbalance Procedure (MIP) Scoreboard.

The MIP Scoreboard consists of fourteen indicators relevant for the early detection of existing or emerging macroeconomic imbalances at EU member level. It provides statistical support to the annual Alert Mechanism Report released by the European Commission at the start of the 2024 European Semester. The Alert Mechanism Report identifies those EU members for which in-depth analyses are required, based on an economic reading of the scoreboard indicators, complemented by other auxiliary indicators.

For the first time, following the Commission proposal for a regulation on the effective coordination of economic policies, EU and euro area aggregates have been added to the scoreboard. A note on the computation of MIP indicators for European aggregates has been published on the Eurostat website.

Table: Macroeconomic Imbalance Procedure (MIP), scoreboard indicators values and thresholds for the 2024 Alert Mechanism Report

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Methodological notes: 

  • 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, the European Central Bank and the International Monetary Fund.
  • 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).

 

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