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Documen­tation of MIP-statistics

The Macroeconomic Imbalance Procedure (MIP) is a macroeconomic surveillance procedure established by the EU in response to the economic crisis. The surveillance procedure is based on a scoreboard of fourteen indicators with defined indicative thresholds. Read more information on MIP

The macroeconomic statistics underlying the MIP indicators are compiled by both the European Statistical System (ESS) and the European System of Central Banks (ESCB). Via the Committee on Monetary, Financial and Balance of Payment Statistics (CMFB) is a quality assessment framework established. Read more

The quality assessment frameworks consist of the following levels:
Level 1: ESS-ESCB Quality assessment report on MIP statistics
Level 2: Domain specific quality reports produced by ECB and Eurostat
Level 3: National MIP-quality reports on the different statistical domains