Eurostat has 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 State level. It provides statistical support to the annual Alert Mechanism Report released by the European Commission at the start of the European Semester 2023. The Alert Mechanism Report identifies those Member States for which in-depth analyses are required, based on an economic reading of the scoreboard indicators, complemented by other auxiliary indicators.
The full data series are available on the regularly updated MIP dedicated section of the Eurostat website.
For more information:
- Statistics Explained article on the MIP
- Dedicated section on the MIP
- Information on the indicators, including definitions
- Database on the MIP
- The Alert Mechanism Report 2023
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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