Frequency
Quarterly
Date range
Январь, 1980 - Январь, 2016
Publication date:
28 июля, 2016
Accessed on:
06 августа, 2016
Description
The non-financial Quarterly Sector Accounts (QSA) are compiled in accordance with the European System of Accounts (
ESA 2010) and are transmitted by the EU Member States and EEA Members (Norway, Iceland) following
ESA2010 transmission programme (Table 801) established by the
Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, annexes A and B respectively). The QSA encompass non-financial accounts that provide a description of the different stages of the economic process: production, generation of income, distribution of income, redistribution of income, use of income and non-financial accumulation. The ASA record the economic flows of institutional sectors in order to illustrate their economic behaviour and interactions between them. They also provide a list of balancing items that have high analytical value in their own right: value added, operating surplus and mixed income, balance of primary incomes, disposable income, saving, net lending / net borrowing. All of them but net lending / net borrowing, can be expressed in gross or net terms, i.e. with and without consumption of fixed capital that accounts for the use and obsolescence of fixed assets. In terms of institutional sectors, a broad distinction is made between the domestic economy (ESA 2010 classification code S.1) and the rest of the world (S.2). Within S.1 and S.2, in turn, more detailed subsectors are distinguished as explained in more detail in section "3.2 Classification system". Data are presented in the table "Non-financial transactions" (nasq_10_nf_tr). The table contains data, as far as they are available, expressed in national currency and millions of euro in current prices.
In line with ESA2010 Transmission programme requirements data series start from 1999 Q1 (unless subject to voluntary transmission option and/or country specific derogations). Available level of detail by sectors and transactions may also vary by country due to voluntary transmission of some items (as defined in ESA2010 transmission programme) and country specific
derogations. QSA collected according ESA2010 Transmission programme include selected data on employment (in persons and hours worked) and seasonally adjusted variables by institutional sectors. However, as transmission of these variables is voluntary (except for the selected seasonally adjusted variables of Total economy and the Rest of the world), data availability may vary significantly across countries. A set of key indicators, deemed meaningful for economic analysis, is available in the table "Key indicators" (nasq_10_ki) for most of the members of the European Economic Area (EEA), of the Euro area and EU. Key ratios are derived from non-financial transactions as follows:
- Gross household saving rate (S.14_S.15): B8G/(B6G+D8rec-D8pay)*100
- Gross investment rate of households (S.14_S.15): P51G/(B6G+D8rec-D8pay)*100
- Gross investment rate of non-financial corporations (S.11): P51G/B1G*100
- Gross profit share of non-financial corporations (S.11): B2G_B3G/B1G*100
With the following transaction codes:
- B6G - Gross disposable income
- B8G - Gross saving
- D8rec / D8pay - the adjustment for the change in pension entitlements (receivable / payable)
- P51G - Gross fixed capital formation
- B1G - Gross value added
- B2G_B3G - Gross operating surplus/ mixed income.
The following key indicators are calculated in real terms for European aggregates only:
- Gross disposable income of households in real terms (B6G, percentage change on previous period, S.14_S.15)
- Real growth of household adjusted disposable income per capita (percentage change on previous period, S.14_S.15): B7G/(POP_NC*Price Deflator)
- Real growth of household actual consumption per capita (percentage change on previous period, S.14_S.15): P4/(POP_NC*Price Deflator)
With the following codes (the codes already described above have not been listed):
- B7G - Gross adjusted gross disposable income (adjusted for social transfers in kind)
- P4 - Actual final consumption (adjusted for social transfers in kind)
- POP_NC - Total population national concept (source:Quarterly national accounts, Eurobase domain namq_10_pe)
- Price deflator - Price index/implicit deflator calculated as CP_MEUR/CLV05_MEUR – both indicators refer to households and NPISH final consumption expenditure (P31_S14_S15) (source: Quarterly national accounts, Eurobase domain namq_10_gdp)
In the above, all ratios are expressed in
gross terms, i.e. before deduction of consumption of fixed capital. The following key indicators combine non-financial with financial accounts:
- Household net financial assets ratio (BF90/(B6G+D8net))
With the following codes (the codes already described above have not been listed):
- BF90 – Financial net worth
"rec" means resources, that is transactions that add to the economic value of a given sector. "pay" means "uses", that is transactions that reduce the economic value of a given sector. "liab" refers to the stock of liabilities incurred by a given sector and recorded in the financial balance sheets. See also the sector accounts
dedicated website for more information.