Calculating the net growth value of standing forest
The European Union budget is financed from own resources based on the gross national income (GNI). The task of Eurostat is to monitor that the Member States’ contributions to the EU budget are correctly calculated on the basis of the GNI. If Eurostat finds that a Member State could modify the methodology for calculating the GNI, it submits a precept and requires improvement of the methodology. By autumn 2019, Statistics Estonia will have to make changes in the time series of the Estonian national accounts. Standing timber will have to be recorded as inventory of work-in-progress continuously over the entire growth period. Whereas so far only felled timber was recorded in output calculations, starting from autumn 2019 forest growth is taken into account as well.