2. Overview of the revisions to the key indicators of the national accounts.

The revision of the national accounts over reporting year 2021 has the following consequences for the most important macroeconomic key figures:

• GDP was revised upwards by €21 billion to a total of €892 billion, an increase of 2.4 percent. GNI²⁾ was revised upwards by €17.9 billion, an increase of 2.0 percent. The external assets position was adjusted downwards by €181 billion to €632 billion;
• The estimate of the number of employed persons was reduced by 83 thousand (0.8 percent) to 9.7 million people. The number of hours worked by these employed persons was actually revised upwards by 224 million hours (1.6 percent). Employee remuneration was revised upwards by €4.5 billion (1.1 percent);
• The government’s balance of receivables remained almost unchanged at -€20 billion (-2.2 percent of GDP). Government debt according to the EMU definition was also hardly revised and amounts to €450 billion. As a result of GDP being revised upwards, government debt, expressed as a percentage of GDP, now amounts to 50.4 percent. Before the revision, the debt was 51.7 percent of GDP;
• Households’ disposable income³⁾ was revised upwards by €1.3 billion. Households’ consumer spending was increased by €19.5 billion. As a result, the household savings rate⁴⁾ was revised down by 4.2 percentage points to 19.1 percent.

Chapters 5 and 6 provide more detailed explanations of the most important revisions. The table below provides an overview of the revisions to a number of key indicators.