Eurostat, the statistical office of the European Union

C2: National accounts - Production

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Gross Household saving rate measures a portion of disposable income that is not used for final consumption expenditure.

The gross saving rate of households (including Non-Profit Institutions Serving Households) is defined as gross saving (ESA2010 code: B8G) divided by gross disposable income (B6G), with the latter being adjusted for the change in in pension entitlements (D8net). Gross saving is the part of the gross disposable income which is not spent as final consumption expenditure.

The indicator is based on data from annual non-financial sector accounts. For more information please refer to Eurobase domain nasa_10_nf_tr.

Percentage

Calendar year

See nasa_esms

ESS

Eurostat estimates the figures for EU and euro area (see section 18.5 "Data Compilation' for details in nasa_esms) based on data that are produced and transmitted to Eurostat by the statistical offices of the respective countries.

For further information about sources and collection methods in National Statistical Institutes (NSIs), please refer to available inventories of annual sector accounts.

Every year

Annual for national data and quarterly for EA/EU aggregates

T+1 year

According to the ESA 2010 Transmission Programme, Member States have to transmit annual data to Eurostat within 9 months after the end of the reference year. Eurostat normally publishes the data shortly after delivery by the countries (sometimes, validation process may lead to some delay).

Annual European Union and Euro Area aggregates (calculated by summing up of four quarters of Quarterly Sector Accounts) are available 4 months after the end of the reference year.

> 75% EU MS and EU aggregate

Data are published for European Union, euro area, EU Member States, EFTA countries (except Liechtenstein) and possibly other countries, including Candidate Countries, the latter on an ad-hoc basis. In rare cases some countries data may be missing mostly in latest periods if not transmitted on time or not validated.

Eurostat estimates the aggregates for the EU and the euro area; all other data are produced by the statistical offices of the respective countries. For further information on country data, reference to National Statistical Institutes and National Central Banks (links given on the Eurostat web site).

All EU MS

Comparability across countries is ensured by the application of the legal and conceptual framework represented by the European System of Accounts (ESA 2010) and ESA 2010 data transmission programme.

Moreover, comparability of the core national accounts indicators (GDP, household final consumption expenditure etc.) for EU countries is regularly monitored in the context of the work of the Gross National Income (GNI) Committee. In addition, international harmonisation of techniques and, to some extent, compilation tools is ensured by the work of the national accounts working groups (Eurostat, OECD, UN).

The comparability of the household saving rate across countries may be impacted by the type of units included in the household sector. In particular, a lower/higher proportion of individual or family businesses may influence the levels, but hardly the movements, of this indicator.

> 10 years

Time coverage (i.e., length of the historical series) is different for European series and for national series. EU and euro area aggregates start from 1999. National data series should be transmitted starting from the reference period 1995 in line with ESA 2010 data transmission programme. However, the coverage for national data may vary from country to country, partly due to granted derogations or longer series transmitted on voluntary basis.

> 4 data points

ESA 2010 Transmission programme requires coherent and relatively long (as from 1995) time series for annual sector accounts which are produced by most of the EU Member States. Rarely, in some countries, methodological breaks can affect time series (normally on a temporary basis), which are then flagged accordingly in Eurostat database. 

Backward calculations of time series are provided to ensure full time coherence in a case of major methodological changes.

No regular publications

Eurostat database

Not applicable

Data are derived from annual non-financial sector accounts. For more information please refer to metadata description for the mentioned data collection (see nasa_esms).