Using a much improved atmospheric model and assimilation system from those used in ERA-40, ERA-Interim represents a third generation reanalysis. Several of the inaccuracies exhibited by ERA-40 such as too-strong precipitation over oceans from the early 1990's onwards and a too-strong Brewer-Dobson circulation in the stratosphere, were eliminated or significantly reduced. ERA-Interim now extends back to 1979 and the analysis is expected to be continued forward until the end of 2018.

The successor to ERA-Interim, ERA5, is available back to 1979 as of January, 2019. It provides hourly estimates of atmospheric variables, a horizontal resolution of 31 km and 137 vertical levels from the surface to 0.01 hPa. ERA5 will ultimately be extended back to 1950.