4. Adjustments to some key indicators

This section presents pre- and post-revision figures for GDP and some other key indicators for the period 1995-2021. The largest adjustments are due to realignment with current source levels. As described earlier, the differences were backcast gradually, to the previous 2015 revision or, for larger differences, to the 2010 revision. The time series layers can lead to a more variable pattern, but these layers are usually small and barely visible in the development of the key indicators.

Upward revisions to GDP and most expenditure components have resulted in post-revision levels that are higher than pre-revision levels, but for the most part the pattern has remained virtually unchanged over time. The economic dip in 2009 is evident, as are the sharp downturn as a result of the pandemic in 2020 and the rapid recovery in 2021.

1. Gross Domestic Product (GDP)
	before revision (billion euros)	after revision (billion euros)
1995	329.5	330
1996	344.6	345.3
1997	369	369.7
1998	394.3	394.8
1999	419.5	420.1
2000	452	452.2
2001	481.9	482.9
2002	501.1	502.9
2003	512.8	514.9
2004	529.3	531.6
2005	550.9	553.1
2006	584.5	587.4
2007	619.2	622.8
2008	647.2	651.3
2009	624.8	630.2
2010	639.2	643
2011	650.4	656
2012	653	658.2
2013	660.5	665.6
2014	671.6	678.6
2015	690	699.2
2016	708.3	720.2
2017	738.1	750.9
2018	774	787.3
2019	813.1	829.8
2020	796.5	816.5
2021	870.6	891.6

1. Gross Domestic Product (GDP)
	before revision (billion euros)	after revision (billion euros)
1995	329.5	330
1996	344.6	345.3
1997	369	369.7
1998	394.3	394.8
1999	419.5	420.1
2000	452	452.2
2001	481.9	482.9
2002	501.1	502.9
2003	512.8	514.9
2004	529.3	531.6
2005	550.9	553.1
2006	584.5	587.4
2007	619.2	622.8
2008	647.2	651.3
2009	624.8	630.2
2010	639.2	643
2011	650.4	656
2012	653	658.2
2013	660.5	665.6
2014	671.6	678.6
2015	690	699.2
2016	708.3	720.2
2017	738.1	750.9
2018	774	787.3
2019	813.1	829.8
2020	796.5	816.5
2021	870.6	891.6

2. Gross Domestic Product (GDP), change
	before revision (% volume change)	after revision (% volume change)
1996	3.5	3.4
1997	4.3	4.2
1998	4.7	4.6
1999	5	5
2000	4.2	4.2
2001	2.3	2.3
2002	0.2	0.2
2003	0.2	0.1
2004	2	2
2005	2.1	2
2006	3.5	3.5
2007	3.8	3.9
2008	2.2	2.1
2009	-3.7	-3.7
2010	1.3	1.3
2011	1.6	1.8
2012	-1	-1
2013	-0.1	0
2014	1.4	1.6
2015	2	2.1
2016	2.2	2.4
2017	2.9	2.8
2018	2.4	2.3
2019	2	2.3
2020	-3.9	-3.9
2021	6.2	6.3

2. Gross Domestic Product (GDP), change
	before revision (% volume change)	after revision (% volume change)
1996	3.5	3.4
1997	4.3	4.2
1998	4.7	4.6
1999	5	5
2000	4.2	4.2
2001	2.3	2.3
2002	0.2	0.2
2003	0.2	0.1
2004	2	2
2005	2.1	2
2006	3.5	3.5
2007	3.8	3.9
2008	2.2	2.1
2009	-3.7	-3.7
2010	1.3	1.3
2011	1.6	1.8
2012	-1	-1
2013	-0.1	0
2014	1.4	1.6
2015	2	2.1
2016	2.2	2.4
2017	2.9	2.8
2018	2.4	2.3
2019	2	2.3
2020	-3.9	-3.9
2021	6.2	6.3

3. Gross national income (GNI)
	before revision (billion euros)	after revision (billion euros)
1995	327.6	327.7
1996	344.6	344.9
1997	367.7	368
1998	387.2	387.3
1999	417.5	417.4
2000	449.3	448.5
2001	469.5	470.8
2002	487	488.4
2003	506	508.5
2004	521.4	524
2005	541.4	545.3
2006	580.4	583.2
2007	612.3	614.8
2008	615.9	619.2
2009	601.2	607.5
2010	633.5	639.6
2011	648.2	655.1
2012	645.7	652.2
2013	655.8	661.7
2014	664.8	672.5
2015	683	688.6
2016	691.1	698.8
2017	729.7	737.2
2018	771.1	782.4
2019	796.5	811.7
2020	770.5	791
2021	884.5	902.4

3. Gross national income (GNI)
	before revision (billion euros)	after revision (billion euros)
1995	327.6	327.7
1996	344.6	344.9
1997	367.7	368
1998	387.2	387.3
1999	417.5	417.4
2000	449.3	448.5
2001	469.5	470.8
2002	487	488.4
2003	506	508.5
2004	521.4	524
2005	541.4	545.3
2006	580.4	583.2
2007	612.3	614.8
2008	615.9	619.2
2009	601.2	607.5
2010	633.5	639.6
2011	648.2	655.1
2012	645.7	652.2
2013	655.8	661.7
2014	664.8	672.5
2015	683	688.6
2016	691.1	698.8
2017	729.7	737.2
2018	771.1	782.4
2019	796.5	811.7
2020	770.5	791
2021	884.5	902.4

4. Household consumption, including non-profit institutions serving households
	before revision (% volume change)	after revision (% volume change)
1996	4.9	4.9
1997	4.2	4.1
1998	5.6	5.7
1999	6	6
2000	3.7	3.7
2001	2	2.1
2002	1.2	1.2
2003	-0.1	-0.1
2004	0.8	0.8
2005	0.9	0.9
2006	-0.2	-0.2
2007	1.9	1.8
2008	0.9	0.8
2009	-1.9	-2
2010	0.1	0.1
2011	0.1	0.4
2012	-1.1	-0.8
2013	-1	-0.6
2014	0.4	0.7
2015	2	2.2
2016	1.1	1.3
2017	2.1	2.2
2018	2.2	2.4
2019	0.9	1
2020	-6.4	-6.1
2021	4.3	4.5

4. Household consumption, including non-profit institutions serving households
	before revision (% volume change)	after revision (% volume change)
1996	4.9	4.9
1997	4.2	4.1
1998	5.6	5.7
1999	6	6
2000	3.7	3.7
2001	2	2.1
2002	1.2	1.2
2003	-0.1	-0.1
2004	0.8	0.8
2005	0.9	0.9
2006	-0.2	-0.2
2007	1.9	1.8
2008	0.9	0.8
2009	-1.9	-2
2010	0.1	0.1
2011	0.1	0.4
2012	-1.1	-0.8
2013	-1	-0.6
2014	0.4	0.7
2015	2	2.2
2016	1.1	1.3
2017	2.1	2.2
2018	2.2	2.4
2019	0.9	1
2020	-6.4	-6.1
2021	4.3	4.5

5. Gross fixed capital formation (GFCF)
	before revision (% volume change)	after revision (% volume change)
1996	6.7	6.7
1997	6.4	6.1
1998	6.8	6.7
1999	10	10
2000	2.3	2.4
2001	1.3	1.3
2002	-4.1	-4
2003	-1.7	-1.7
2004	0.2	0.1
2005	3.3	3.3
2006	7	6.9
2007	14.8	14.7
2008	-3	-2.9
2009	-8.6	-8.6
2010	-6.8	-7.3
2011	4.9	5.5
2012	-6.3	-6.3
2013	-1.6	-1.6
2014	-2.4	-2.4
2015	29	29.1
2016	-7.3	-9.1
2017	4.2	6
2018	3.6	3.1
2019	6.2	7.4
2020	-2.6	-2.5
2021	2.9	2.4

5. Gross fixed capital formation (GFCF)
	before revision (% volume change)	after revision (% volume change)
1996	6.7	6.7
1997	6.4	6.1
1998	6.8	6.7
1999	10	10
2000	2.3	2.4
2001	1.3	1.3
2002	-4.1	-4
2003	-1.7	-1.7
2004	0.2	0.1
2005	3.3	3.3
2006	7	6.9
2007	14.8	14.7
2008	-3	-2.9
2009	-8.6	-8.6
2010	-6.8	-7.3
2011	4.9	5.5
2012	-6.3	-6.3
2013	-1.6	-1.6
2014	-2.4	-2.4
2015	29	29.1
2016	-7.3	-9.1
2017	4.2	6
2018	3.6	3.1
2019	6.2	7.4
2020	-2.6	-2.5
2021	2.9	2.4

6. Exports
	before revision (% volume change)	after revision (% volume change)
1996	4.1	4.1
1997	9.7	9.6
1998	6.7	6.6
1999	9	9
2000	12.4	12.1
2001	1.5	1.5
2002	0.6	0.5
2003	1.8	1.8
2004	8.2	8.2
2005	5.8	5.7
2006	7.2	7.2
2007	5.4	5.4
2008	1.6	1.7
2009	-8.6	-8.7
2010	9.7	9.7
2011	5.2	5.7
2012	3.3	3.7
2013	2.5	3
2014	4.5	5.1
2015	7.4	8.4
2016	1.7	2
2017	6.5	6.9
2018	4.3	4.9
2019	2	2.8
2020	-4.3	-3.8
2021	8	6.9

6. Exports
	before revision (% volume change)	after revision (% volume change)
1996	4.1	4.1
1997	9.7	9.6
1998	6.7	6.6
1999	9	9
2000	12.4	12.1
2001	1.5	1.5
2002	0.6	0.5
2003	1.8	1.8
2004	8.2	8.2
2005	5.8	5.7
2006	7.2	7.2
2007	5.4	5.4
2008	1.6	1.7
2009	-8.6	-8.7
2010	9.7	9.7
2011	5.2	5.7
2012	3.3	3.7
2013	2.5	3
2014	4.5	5.1
2015	7.4	8.4
2016	1.7	2
2017	6.5	6.9
2018	4.3	4.9
2019	2	2.8
2020	-4.3	-3.8
2021	8	6.9

7. Imports
	before revision (% volume change)	after revision (% volume change)
1996	5.3	5.3
1997	10.9	10.8
1998	8.3	8.3
1999	9.8	9.9
2000	11.3	11.3
2001	2.5	2.5
2002	0.3	0.3
2003	2	2.2
2004	6.4	6.5
2005	5.4	5.5
2006	7.7	7.6
2007	7.8	7.8
2008	-0.7	-0.7
2009	-7.8	-7.9
2010	8.5	8.4
2011	3.9	4.6
2012	2.2	2.9
2013	2.2	2.9
2014	3.3	4
2015	14.5	15.4
2016	-2	-2.3
2017	6.2	7.6
2018	4.7	5.5
2019	3.2	4
2020	-4.8	-4.1
2021	6.2	6.5

7. Imports
	before revision (% volume change)	after revision (% volume change)
1996	5.3	5.3
1997	10.9	10.8
1998	8.3	8.3
1999	9.8	9.9
2000	11.3	11.3
2001	2.5	2.5
2002	0.3	0.3
2003	2	2.2
2004	6.4	6.5
2005	5.4	5.5
2006	7.7	7.6
2007	7.8	7.8
2008	-0.7	-0.7
2009	-7.8	-7.9
2010	8.5	8.4
2011	3.9	4.6
2012	2.2	2.9
2013	2.2	2.9
2014	3.3	4
2015	14.5	15.4
2016	-2	-2.3
2017	6.2	7.6
2018	4.7	5.5
2019	3.2	4
2020	-4.8	-4.1
2021	6.2	6.5

8. Government consumption
	before revision (% volume change)	after revision (% volume change)
1996	-1.2	-1.4
1997	3.2	2.8
1998	4	3.7
1999	2.2	2.4
2000	3.3	3.6
2001	4.5	4.2
2002	4.4	4.4
2003	2.8	2.9
2004	-0.5	-0.1
2005	1.2	1.3
2006	8.3	8.3
2007	3.1	3.2
2008	3.2	3
2009	4.7	4.9
2010	0.9	1
2011	-0.4	-0.3
2012	-1.2	-1.1
2013	0	-0.1
2014	0.6	0.8
2015	-0.1	-0.2
2016	1.3	1.4
2017	0.9	1.3
2018	1.7	1.7
2019	2.8	2.8
2020	1.6	1.6
2021	5	4.7

8. Government consumption
	before revision (% volume change)	after revision (% volume change)
1996	-1.2	-1.4
1997	3.2	2.8
1998	4	3.7
1999	2.2	2.4
2000	3.3	3.6
2001	4.5	4.2
2002	4.4	4.4
2003	2.8	2.9
2004	-0.5	-0.1
2005	1.2	1.3
2006	8.3	8.3
2007	3.1	3.2
2008	3.2	3
2009	4.7	4.9
2010	0.9	1
2011	-0.4	-0.3
2012	-1.2	-1.1
2013	0	-0.1
2014	0.6	0.8
2015	-0.1	-0.2
2016	1.3	1.4
2017	0.9	1.3
2018	1.7	1.7
2019	2.8	2.8
2020	1.6	1.6
2021	5	4.7

9. Gross disposable household income
	before revision (billion euros)	after revision (billion euros)
1995	179.8	179.6
1996	188.2	187.8
1997	200.8	200.2
1998	212.6	211.3
1999	223.4	222.5
2000	236.6	235.6
2001	259.6	258.3
2002	267.6	267.2
2003	271.1	270.4
2004	276.5	274.8
2005	281.1	278.1
2006	293.9	290.4
2007	306.1	302.1
2008	316.5	311.9
2009	316.1	312.6
2010	320.9	316.1
2011	328.1	322.8
2012	331.2	323.4
2013	334.6	324.9
2014	342.7	334.6
2015	348.9	342.2
2016	358.7	355.2
2017	367.3	364.5
2018	385.6	384.5
2019	405.5	404.6
2020	421.5	420.8
2021	445.3	446.7

9. Gross disposable household income
	before revision (billion euros)	after revision (billion euros)
1995	179.8	179.6
1996	188.2	187.8
1997	200.8	200.2
1998	212.6	211.3
1999	223.4	222.5
2000	236.6	235.6
2001	259.6	258.3
2002	267.6	267.2
2003	271.1	270.4
2004	276.5	274.8
2005	281.1	278.1
2006	293.9	290.4
2007	306.1	302.1
2008	316.5	311.9
2009	316.1	312.6
2010	320.9	316.1
2011	328.1	322.8
2012	331.2	323.4
2013	334.6	324.9
2014	342.7	334.6
2015	348.9	342.2
2016	358.7	355.2
2017	367.3	364.5
2018	385.6	384.5
2019	405.5	404.6
2020	421.5	420.8
2021	445.3	446.7

10. Labour volume
	before revision (in thousand hours worked)	after revision (in thousand hours worked)
1995	5935	5948
1996	6073	6087
1997	6259	6274
1998	6440	6453
1999	6602	6617
2000	6703	6719
2001	6809	6825
2002	6797	6813
2003	6717	6733
2004	6668	6684
2005	6685	6700
2006	6833	6846
2007	7022	7034
2008	7148	7160
2009	7066	7077
2010	7025	7035
2011	7066	7073
2012	7023	7028
2013	6937	6941
2014	6927	6930
2015	7015	7011
2016	7159	7156
2017	7340	7332
2018	7561	7551
2019	7751	7737
2020	7670	7638
2021	7859	7875

10. Labour volume
	before revision (in thousand hours worked)	after revision (in thousand hours worked)
1995	5935	5948
1996	6073	6087
1997	6259	6274
1998	6440	6453
1999	6602	6617
2000	6703	6719
2001	6809	6825
2002	6797	6813
2003	6717	6733
2004	6668	6684
2005	6685	6700
2006	6833	6846
2007	7022	7034
2008	7148	7160
2009	7066	7077
2010	7025	7035
2011	7066	7073
2012	7023	7028
2013	6937	6941
2014	6927	6930
2015	7015	7011
2016	7159	7156
2017	7340	7332
2018	7561	7551
2019	7751	7737
2020	7670	7638
2021	7859	7875

11. External capital
	before revision (billion euros)	after revision (billion euros)
1995	-302.2	-276
1996	-318.1	-290.4
1997	-359.5	-330.2
1998	-404.6	-373.6
1999	-425.1	-392.5
2000	-422	-387.5
2001	-379.8	-344.1
2002	-311.7	-274.9
2003	-263.4	-225.7
2004	-225.9	-186.6
2005	-192.7	-153.6
2006	-182.1	-145.1
2007	-219.7	-189.2
2008	-125	-96.4
2009	-97	-157.6
2010	-45.9	-123.4
2011	12.5	-75.9
2012	116.7	20.7
2013	104.6	-12.6
2014	302.9	167.2
2015	344.8	195
2016	443.5	282.3
2017	453.6	294.7
2018	565.6	397.7
2019	728.6	565.1
2020	900.1	717.5
2021	812.6	632

11. External capital
	before revision (billion euros)	after revision (billion euros)
1995	-302.2	-276
1996	-318.1	-290.4
1997	-359.5	-330.2
1998	-404.6	-373.6
1999	-425.1	-392.5
2000	-422	-387.5
2001	-379.8	-344.1
2002	-311.7	-274.9
2003	-263.4	-225.7
2004	-225.9	-186.6
2005	-192.7	-153.6
2006	-182.1	-145.1
2007	-219.7	-189.2
2008	-125	-96.4
2009	-97	-157.6
2010	-45.9	-123.4
2011	12.5	-75.9
2012	116.7	20.7
2013	104.6	-12.6
2014	302.9	167.2
2015	344.8	195
2016	443.5	282.3
2017	453.6	294.7
2018	565.6	397.7
2019	728.6	565.1
2020	900.1	717.5
2021	812.6	632

12. Government debt
	before revision (% of GDP)	after revision (% of GDP)
1995	73.2	73.2
1996	71.4	71.4
1997	65.8	65.8
1998	62.8	62.8
1999	58.7	58.7
2000	52.2	52.2
2001	49.5	49.5
2002	48.9	48.8
2003	50	49.9
2004	50.3	50.2
2005	49.8	49.6
2006	45.2	45
2007	43	42.8
2008	54.7	54.3
2009	56.8	56.3
2010	59.3	58.9
2011	61.7	61.2
2012	66.2	65.7
2013	67.7	67.2
2014	67.9	67.2
2015	64.7	63.8
2016	61.9	60.8
2017	57	55.9
2018	52.4	51.5
2019	48.6	47.6
2020	54.7	53.3
2021	51.7	50.4

12. Government debt
	before revision (% of GDP)	after revision (% of GDP)
1995	73.2	73.2
1996	71.4	71.4
1997	65.8	65.8
1998	62.8	62.8
1999	58.7	58.7
2000	52.2	52.2
2001	49.5	49.5
2002	48.9	48.8
2003	50	49.9
2004	50.3	50.2
2005	49.8	49.6
2006	45.2	45
2007	43	42.8
2008	54.7	54.3
2009	56.8	56.3
2010	59.3	58.9
2011	61.7	61.2
2012	66.2	65.7
2013	67.7	67.2
2014	67.9	67.2
2015	64.7	63.8
2016	61.9	60.8
2017	57	55.9
2018	52.4	51.5
2019	48.6	47.6
2020	54.7	53.3
2021	51.7	50.4

13. Government balance
	before revision (% of GDP)	after revision (% of GDP)
1995	-8.7	-8.7
1996	-1.8	-1.9
1997	-1.6	-1.6
1998	-1.4	-1.3
1999	0.2	0.3
2000	1.2	1.1
2001	-0.4	-0.5
2002	-2	-2.2
2003	-3.1	-3.2
2004	-1.8	-1.8
2005	-0.5	-0.5
2006	0	0
2007	-0.2	-0.3
2008	0.1	0
2009	-5.2	-5.1
2010	-5.3	-5.3
2011	-4.4	-4.4
2012	-3.9	-3.8
2013	-3	-2.9
2014	-2.3	-2.2
2015	-1.9	-1.8
2016	0.1	0.2
2017	1.4	1.3
2018	1.5	1.5
2019	1.8	1.8
2020	-3.7	-3.6
2021	-2.2	-2.2

13. Government balance
	before revision (% of GDP)	after revision (% of GDP)
1995	-8.7	-8.7
1996	-1.8	-1.9
1997	-1.6	-1.6
1998	-1.4	-1.3
1999	0.2	0.3
2000	1.2	1.1
2001	-0.4	-0.5
2002	-2	-2.2
2003	-3.1	-3.2
2004	-1.8	-1.8
2005	-0.5	-0.5
2006	0	0
2007	-0.2	-0.3
2008	0.1	0
2009	-5.2	-5.1
2010	-5.3	-5.3
2011	-4.4	-4.4
2012	-3.9	-3.8
2013	-3	-2.9
2014	-2.3	-2.2
2015	-1.9	-1.8
2016	0.1	0.2
2017	1.4	1.3
2018	1.5	1.5
2019	1.8	1.8
2020	-3.7	-3.6
2021	-2.2	-2.2

14. Labour income share
	before revision (%)	after revision (%)
1995	81.3	81.4
1996	81.1	81.2
1997	79.1	79.3
1998	77.8	77.9
1999	78.7	78.9
2000	79.5	79.7
2001	78	78.1
2002	78.1	78.1
2003	78.8	79
2004	77.2	77.3
2005	75	75.2
2006	73.6	73.7
2007	72.5	72.5
2008	74.1	74.2
2009	78	77.7
2010	77.2	76.9
2011	77.5	77.1
2012	78.9	78.2
2013	79.1	78
2014	78.7	77.7
2015	76.2	74.8
2016	76.1	74.5
2017	75.3	73.7
2018	75.5	74.3
2019	75.4	73.5
2020	77	74.4
2021	73.3	70.5

14. Labour income share
	before revision (%)	after revision (%)
1995	81.3	81.4
1996	81.1	81.2
1997	79.1	79.3
1998	77.8	77.9
1999	78.7	78.9
2000	79.5	79.7
2001	78	78.1
2002	78.1	78.1
2003	78.8	79
2004	77.2	77.3
2005	75	75.2
2006	73.6	73.7
2007	72.5	72.5
2008	74.1	74.2
2009	78	77.7
2010	77.2	76.9
2011	77.5	77.1
2012	78.9	78.2
2013	79.1	78
2014	78.7	77.7
2015	76.2	74.8
2016	76.1	74.5
2017	75.3	73.7
2018	75.5	74.3
2019	75.4	73.5
2020	77	74.4
2021	73.3	70.5