CHAPTER 8 THE SEQUENCE OF ACCOUNTS

INTRODUCTION

8.01 This Chapter sets out the details of the accounts and balance sheets in the sequence of accounts of the national accounts. It also sets out the interactions of the domestic economy with the rest of the world in the same sequence. The goods and services account is also described, reflecting the accounting identity underlying the supply and use of goods and services. Finally it presents the integrated set of economic accounts where each sector is shown in the same account with an aggregated form of account entries.

The sequence of accounts

8.02 The ESA records flows and stocks in an ordered set of accounts describing the economic cycle from production and the generation of income, through its distribution and redistribution, and its use for final consumption. Finally the ESA records the use of what is left in the form of saving to provide for the accumulation of assets, both non-financial and financial.

8.03 Each of the accounts shows resources and uses, which are brought to a balance by the introduction of a balancing item, usually on the uses' side of the account. The balancing item is taken forward to the next account as the first entry on the resources side.

The structured recording of transactions according to a logical analysis of economic life provides the aggregates required for the study of an institutional sector or subsector, or the total economy. The breakdown of the accounts is designed to reveal the most significant economic information, and the balancing item of each account is a key element in the information revealed.

8.04 The accounts are grouped in three categories:

current accounts cover production and the associated generation, distribution and redistribution of income and its use in the form of final consumption. The income not directly used for final consumption is revealed in the balancing item saving, which is taken forward to the accumulation accounts as the first entry on the resources side of the capital account;
accumulation accounts analyse changes in the assets and liabilities of the units and enable changes in net worth (the difference between assets and liabilities) to be recorded;
balance sheets show the total assets and liabilities at the beginning and the end of the accounting period, together with the net worth. The flows for each asset and liability item recorded in the accumulation accounts are seen again in the changes in balance sheets account.

8.05 The sequence of accounts applies to institutional units, institutional sectors and subsectors, and the total economy.

8.06 The balancing items are established both gross and net. They are gross if calculated before deduction of consumption of fixed capital, and net if calculated after this deduction. It is more significant to express income balancing items in net terms, as consumption of capital is a call on disposable income which must be met if the capital stock of the economy is to be maintained.

8.07 The accounts are presented in two ways:

in the form of integrated economic accounts, showing the accounts for all the institutional sectors, the total economy and the rest of the world in a single table;
in the form of a sequence of accounts, giving more detailed information. The tables showing the presentation of each account are given in the section of this Chapter entitled 'Sequence of accounts'.

8.08 Table 8.1 shows a synoptic presentation of the accounts, balancing items and main aggregates: The code for the main aggregates is not shown in the table, but is the same as the code for the balancing items, but with the addition of an asterisk after the number. For example for the Balance of primary incomes, the code is B.5g and the equivalent code of the main aggregate gross national income is B.5*g.

8.09 The balancing items are shown in the table in their gross form, and indicated as such by the use of 'g' in the code. For each such code there is a net form, where the estimate for capital consumption has been deducted. For example, value added, gross has a code of B.1g, and the net equivalent value added, net) where capital consumption has been deducted, is B.1n.

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Table 8.1 - Synoptic presentation of the accounts, balancing items and main aggregates

Accounts										Balancing items			Main aggregates
Full sequence of accounts for institutional sectors
Current accounts	I.	Production account		I.	Production account	N.A.	N.A.	N.A.	N.A.	B.1g		Value added, gross	Gross domestic product (GDP)
N.A.	II.	Distribution and use of income accounts		II.1	Primary distribution of income accounts	II.1.1	Generation of income account	N.A.	N.A.	B.2g B.2g		Operating surplus, gross Mixed income, gross	N.A.
N.A.	N.A.	N.A.		N.A.	N.A.	II.1.2	Allocation of primary income account	II.1.2.1	Entrepreneurial income account	B.4g		Entrepreneurial income, gross	N.A.
N.A.	N.A.	N.A.		N.A.	N.A.	N.A.	N.A.	II.1.2.2	Allocation of other primary income account	B.5g		Balance of primary incomes, gross	Gross national income (GNI)
N.A.	N.A.	N.A.		II.2	Secondary distribution of income account	N.A.	N.A.	N.A.	N.A.	B.6g		Disposable income, gross	Gross national disposable income
N.A.	N.A.	N.A.		II.3	Redistribution of income in kind account	N.A.	N.A.	N.A.	N.A.	B.7g		Adjusted disposable income, gross	N.A.
N.A.	N.A.	N.A.		II.4	Use of income account	II.4.1	Use of disposable income account	N.A.	N.A.	B.8g		Saving, gross	Gross national saving
N.A.	N.A.	N.A.		N.A.	N.A.	II.4.2	Use of adjusted disposable income account	N.A.	N.A.	N.A.		N.A.	N.A.
Accumulation accounts	III.	Accumulation accounts		III.1	Capital account	III.1.1	Change in net worth due to saving and capital transfers account	N.A.	N.A.	B.101		Change in net worth due to saving and capital transfers	N.A.
N.A.	N.A.	N.A.		N.A.	N.A.	III.1.2	Acquisition of non-financial assets account	N.A.	N.A.	B.9		Net lending/net borrowing	N.A.
N.A.	N.A.	N.A.		III.2	Financial account	N.A.	N.A.	N.A.	N.A.	B.9		Net lending/net borrowing	N.A.
N.A.	N.A.	N.A.		III.3	Other changes in assets account	III.3.1	Other changes in volume of assets account	N.A.	N.A.	B.102		Changes in net worth, due to other changes in volume of assets	N.A.
N.A.	N.A.	N.A.		N.A.	N.A.	III.3.2	Revaluation accounts	N.A.	N.A.	B.103		Changes in net worth due to nominal holding gains/losses	N.A.
N.A.	N.A.	N.A.		N.A.	N.A.	N.A.	N.A.	III.3.2.1	Neutral holding gains/losses account	B.1031		Changes in net worth due to neutral holding gains/losses	N.A.
N.A.	N.A.	N.A.		N.A.	N.A.	N.A.	N.A.	III.3.2.2	Real holding gains/losses account	B.1032		Changes in net worth due to real holding gains/losses	N.A.
Balance sheets	IV.	Balance sheets		IV.1	Opening balance sheet		N.A.	N.A.	N.A.	B.90		Net worth	National worth
N.A.	N.A.	N.A.		IV.2	Changes in balance sheet		N.A.	N.A.	N.A.	B.10		Changes in net worth, total	Changes in national worth
N.A.	N.A.	N.A.		IV.3	Closing balance sheet		N.A.	N.A.	N.A.	B.90		Net worth	National worth
Transaction accounts
N.A.	0.	Goods and services account
Rest of the world account (external transactions account)										N.A.	N.A.		N.A.
Current account	V.	Rest of the world account	V.I		External account of goods and services	N.A.	N.A.	N.A.	N.A.	B.11	External balance of goods and services		External balance of goods and services
N.A.	N.A.	N.A.	V.II		External account of primary income and current transfers	N.A.	N.A.	N.A.	N.A.	B.12	Current external balance		Current external balance
Accumulation accounts	N.A.	N.A.	V.III		External accumulation accounts	V.III.1	Capital account	V.III.1.1	Changes in net worth due to current external balance and capital transfers account	B.101	Changes in net worth due to current external balance and capital transfers		N.A.
N.A.	N.A.	N.A.	N.A.		N.A.	N.A.	N.A.	V.III.1.2	Acquisition of non-financial assets account	B.9	Net lending/net borrowing		N.A.
N.A.	N.A.	N.A.	N.A.		N.A.	V.III.2	Financial account	N.A.	N.A.	B.9	Net lending/net borrowing		Net lending/net borrowing
N.A.	N.A.	N.A.	N.A.		N.A.	V.III.3	Other changes in assets account	V.III.3.1	Other changes in volume of assets account	B.102	Changes in net worth, due to other changes in volume of assets		N.A.
N.A.	N.A.	N.A.	N.A.		N.A.	N.A.	N.A.	V.III.3.2	Revaluation accounts	B.103	Changes in net worth, due to nominal holding gains/losses		N.A.
Balance sheets	N.A.	N.A.	V.IV		External assets and liabilities account	V.IV.1	Opening balance sheet	N.A.	N.A.	B.90	Net worth		Net external financial position
N.A.	N.A.	N.A.	N.A.		N.A.	V.IV.2	Changes in balance sheet	N.A.	N.A.	B.10	Changes in net worth		N.A.
N.A.	N.A.	N.A.	N.A.		N.A.	V.IV.3	Closing balance sheet	N.A.	N.A.	B.90	Net worth		Net external financial position

SEQUENCE OF ACCOUNTS

Current accounts

Production account (I)

8.10 The production account (I) shows the transactions relating to the production process. It is drawn up for institutional sectors and for industries. Its resources include output and its uses include intermediate consumption.

8.11 The production account reveals one of the most important balancing items in the system - value added, or the value generated by any unit engaged in a production activity - and a vital aggregate: gross domestic product. Value added is economically significant for both institutional sectors and industries.

8.12 Value added (the balancing item of the account) may be calculated before or after allowing for the consumption of fixed capital, i.e. gross or net. Given that output is valued at basic prices and intermediate consumption at purchasers' prices, value added does not include taxes less subsidies on products .

8.13 The production account at the level of the total economy includes in resources, in addition to the output of goods and services, taxes less subsidies on products. It thus enables gross domestic product (at market prices) to be obtained as a balancing item. The code for this key aggregate balancing item, value added at whole economy level adjusted to be at market prices, is B.1*g and this is GDP at market prices. Net domestic product (NDP) code is B.1*n.

8.14 Financial intermediation services indirectly measured (FISIM) are allocated to users as costs. This requires part of interest payments to financial intermediaries to be reclassified as payments for services, and allocated as output of the financial intermediation producers. An equivalent value is identified as consumption of users. The value of GDP is affected by the amount of FISIM allocated to final consumption, exports and imports.

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Table 8.2 - Account I: production account

Uses
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.		N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.		N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.		Transactions and balancing items
3604	3604		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		P.1		Output
3077	3077		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		P.11		Market output
147	147		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		P.12		Output for own final use
380	380		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		P.13		Non-market output
1883	N.A.		N.A.	1883	17	115		222		52		1477		P.2		Intermediate consumption
133	133		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.21-D.31		Taxes less subsidies on products
1854	N.A.		N.A.	1854	15	155		126		94		1331		B.1g/B.1*g		Value added, gross/gross domestic product
222	N.A.		N.A.	222	3	23		27		12		157		P.51c		Consumption of fixed capital
1632	N.A.		N.A.	1632	12	132		99		82		1174		B.1n/B.1*n		Value added, net/net domestic product
Resources
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15	S.1	Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	Corresponding entries of the		N.A.
N.A.		Transactions and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs	Total economy	Rest of the world account	Goods and services account	Total
P.1		Output					2808		146		348		270		32	3604	N.A.	N.A.	3604
P.11		Market output					2808		146		0		123		0	3077	N.A.	N.A.	3077
P.12		Output for own final use					0		0		0		147		0	147	N.A.	N.A.	147
P.13		Non-market output					N.A.		N.A.		348		N.A.		32	380	N.A.	N.A.	380
P.2		Intermediate consumption					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	1883	1883
D.21-D.31		Taxes less subsidies on products					N.A.		N.A.		N.A.		N.A.		N.A.	133	N.A.	N.A.	133
B.1g/B.1*g		Value added, gross/gross domestic product					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
P.51c		Consumption of fixed capital					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
B.1n/B.1*n		Value added, net/net domestic product					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.

Distribution and use of income accounts (II)

8.15 Distribution and use of income are analysed in four stages: primary distribution, secondary distribution, redistribution in kind and use of income.

The first stage concerns the generation of income resulting directly from the production process and its distribution between the production factors (labour, capital) and general government (via taxes on production and imports, and subsidies). It enables the operating surplus (or mixed income in the case of households) and primary income to be determined.

The second stage traces redistribution of income via transfers, other than social transfers in kind and capital transfers. This yields the disposable income as the balancing item.

For the third stage, individual services provided by government and NPISHs to society are treated as part of household final consumption, and a corresponding income imputed to households. This is achieved through two accounts with adjusted items. An account is introduced called the redistribution of income in kind account, which shows in the resources the imputed extra income for households, and a corresponding use for government and NPISHs as the imputed transfer from these sectors. This gives a balancing item called the adjusted disposable income, which is identical to disposal income at the whole economy level, but different for the sectors of households, government and NPISHs.

In the fourth stage, the disposable income is taken forward to the next account, the use of disposable income account and this shows how the income is consumed, leaving saving as the balancing item. When individual services are recognised as consumption by households through the redistribution of income in kind account, the use of adjusted disposable income account shows how this measure of adjusted disposable income is spent by households on the social transfers in kind received from government and NPISHs, by adding the value of the social transfers in kind to household final consumption to give a measure called actual final consumption. The consumption for government and NPISHs is reduced by an equal and opposite amount, so that when saving is calculated for the government, NPISHs and households sectors, the adjusted treatment gives the same balancing item of saving for each sector as the standard treatment.

Primary distribution of income accounts (II.1)

Generation of income account (II.1.1)

The layout of the generation of income account by institutional sector is shown in Table 8.3.

8.16 The generation of income account is also presented by industries, in the columns of the supply and use tables.

8.17 The generation of income account presents the transactions of primary income from the point of view of the source sectors, rather than the destination sectors.

8.18 It shows how value added covers compensation of employees and other taxes (less subsidies) on production. The balancing item is operating surplus, which is the surplus (or deficit) on production activities before account has been taken of the interest, rents or charges which the production unit:

must pay on financial assets or on natural resources - which it has borrowed or rented;
must receive on financial assets or on natural resources of which it is the owner.

8.19 In the case of unincorporated enterprises in the households sector, the balancing item of the generation of income account implicitly contains an element corresponding to remuneration for work carried out by the owner or members of the family. This income from self-employment has characteristics of wages and salaries, and characteristics of profit due to work carried out as an entrepreneur. This income, neither strictly wages nor profits alone, is referred to as 'mixed income'.

8.20 In the case of own account production of housing services by owner-occupier households, the balancing item of the generation of income account is operating surplus (and not mixed income).

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Table 8.3 - Account II.1.1: generation of income account

Uses
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.		N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.		N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.		Transactions and balancing items
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.1g/B.1*g		Value added, gross/gross domestic product
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.1n/B.1*n		Value added, net/net domestic product
1150	N.A.		N.A.	1150	11	11		98		44		986		D.1		Compensation of employees
950	N.A.		N.A.	950	6	11		63		29		841		D.11		Wages and salaries
200	N.A.		N.A.	200	5	0		55		5		145		D.12		Employers' social contributions
181	N.A.		N.A.	181	4	0		51		4		132		D.121		Employers' actual social contributions
168	N.A.		N.A.	168	4	0		48		4		122		D.1211		Employers' actual pension contributions
13	N.A.		N.A.	13	0	0		3		0		10		D.1212		Employers' actual non-pension contributions
19	N.A.		N.A.	19	1	0		4		1		13		D.122		Employers' imputed social contributions
18	N.A.		N.A.	18	1	0		4		1		12		D.1221		Employers' imputed pension contributions
1	N.A.		N.A.	1	0	0		0		0		1		D.1222		Employers' imputed non-pension contributions
235	N.A.		0	235	N.A.	N.A.		N.A.		N.A.		N.A.		D.2		Taxes on production and imports
141	N.A.		0	141	N.A.	N.A.		N.A.		N.A.		N.A.		D.21		Taxes on products
121	N.A.		0	121	N.A.	N.A.		N.A.		N.A.		N.A.		D.211		Value added type taxes (VAT)
17	N.A.		0	17	N.A.	N.A.		N.A.		N.A.		N.A.		D.212		Taxes and duties on imports excluding VAT
17	N.A.		0	17	N.A.	N.A.		N.A.		N.A.		N.A.		D.2121		Import duties
0	N.A.		0	0	N.A.	N.A.		N.A.		N.A.		N.A.		D.2122		Taxes on imports excluding VAT and duties
3	N.A.		0	3	N.A.	N.A.		N.A.		N.A.		N.A.		D.214		Taxes on products except VAT and import taxes
94	N.A.		0	94	1	0		1		4		88		D.29		Other taxes on production
-44	N.A.		0	-44	N.A.	N.A.		N.A.		N.A.		N.A.		D.3		Subsidies
-8	N.A.		0	-8	N.A.	N.A.		N.A.		N.A.		N.A.		D.31		Subsidies on products
0	N.A.		0	0	N.A.	N.A.		N.A.		N.A.		N.A.		D.311		Import subsidies
-8	N.A.		0	-8	N.A.	N.A.		N.A.		N.A.		N.A.		D.319		Other subsidies on products
-36	N.A.		0	-36	0	-1		0		0		-35		D.39		Other subsidies on production
452	N.A.		N.A.	452	3	84		27		46		292		B.2g		Operating surplus, gross
61	N.A.		N.A.	61	N.A.	61		N.A.		N.A.		N.A.		B.3g		Mixed income, gross
214	N.A.		N.A.	214	3	15		27		12		157		P.51c1		Consumption of fixed capital on gross operating surplus
8	N.A.		N.A.	8	N.A.	8		N.A.		N.A.		N.A.		P.51c2		Consumption of fixed capital on gross mixed income
238	N.A.		N.A.	238	0	69		0		34		135		B.2n		Operating surplus, net
53	N.A.		N.A.	53	N.A.	53		N.A.		N.A.		N.A.		B.3n		Mixed income, net
Resources
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15		S.1	Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	Corresponding entries of the		N.A.
N.A.		Transactions and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs		Total economy	Rest of the world account	Goods and services account	Total
B.1g/B.1*g		Value added, gross/gross domestic product					1331		94		126		155		15		1854	N.A.	N.A.	1854
B.1n/B.1*n		Value added, net/net domestic product					1174		82		99		132		12		1632	N.A.	N.A.	1632
D.1		Compensation of employees					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
D.11		Wages and salaries					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
D.12		Employers' social contributions					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
D.121		Employers' actual social contributions					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
D.1211		Employers' actual pension contributions					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
D.1212		Employers' actual non-pension contributions					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
D.122		Employers' imputed social contributions					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
D.1221		Employers' imputed pension contributions					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
D.1222		Employers' imputed non-pension contributions					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
D.2		Taxes on production and imports					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.21		Taxes on products					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.211		Value added type taxes (VAT)					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.212		Taxes and duties on imports excluding VAT					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.2121		Import duties					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.2122		Taxes on imports excluding VAT and duties					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.214		Taxes on products except VAT and import taxes					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.29		Other taxes on production					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.3		Subsidies					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.31		Subsidies on products					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.311		Import subsidies					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.319		Other subsidies on products					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
D.39		Other subsidies on production					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	N.A.
B.2g		Operating surplus, gross					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
B.3g		Mixed income, gross					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
B.2n		Operating surplus, net					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
B.3n		Mixed income, net					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.

Allocation of primary income account (II.1.2)

8.21 Unlike the generation of income account, the allocation of primary income treats resident units and institutional sectors as recipients rather than producers of primary income.

8.22 'Primary income' is the income which resident units receive by virtue of their direct participation in the production process, and the income receivable by the owner of a financial asset or a natural resource in return for providing funds to, or putting the natural resource at the disposal of, another institutional unit.

8.23 For the households sector, compensation of employees (D.1) as a resource in the allocation of primary income account is not the same as the D.1 entry as a use, in the generation of income account. In the household generation of income account, the use entry shows how much is paid to staff employed in the household business. In the households sector allocation of primary income account, the entry in the resources side shows all the compensation from employment earned by the households sector working as an employee in business, the government etc. So the entry in the allocation account for households is much bigger than the entry in the households sector generation account.

8.24 The allocation of primary income account (II.1.2) can be calculated only for the institutional sectors and subsectors because, in the case of industries, it is impossible to break down certain flows connected with financing (capital loans and borrowings) and assets.

8.25 The allocation of primary income account is broken down into an entrepreneurial income account (II.1.2.1) and an allocation of other primary income account (II.1.2.2).

Export

Table 8.4 - Account II.1.2: allocation of primary income account

Uses
N.A.	Corresponding entries of the		S.1	S.15	S.14	S.13	S.12	S.11	N.A.	N.A.
N.A.	Corresponding entries of the		N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.					N.A.
Total	Goods and Services account	Rest of the world account	Total economy	NPISHs	Households	General government	Financial corporations	Non-financial corporations	N.A.	Transactions and balancing items
N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	B.2g	Operating surplus, gross
N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	B.3g	Mixed income, gross
N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	B.2n	Operating surplus, net
N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	B.3n	Mixed income, net
6	N.A.	6	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.1	Compensation of employees
6	N.A.	6	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.11	Wages and salaries
0	N.A.	0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.12	Employers' social contributions
0	N.A.	0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.121	Employers' actual social contributions
0	N.A.	0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.1211	Employers' actual pension contributions
0	N.A.	0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.1212	Employers' actual non-pension contributions
0	N.A.	0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.122	Employers' imputed social contributions
0	N.A.	0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.1221	Employers' imputed pension contributions
0	N.A.	0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.1222	Employers' imputed non-pension contributions
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.2	Taxes on production and imports
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.21	Taxes on products
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.211	Value added type taxes (VAT)
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.212	Taxes and duties on imports excluding VAT
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.2121	Import duties
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.2122	Taxes on imports excluding VAT and duties
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.214	Taxes on products except VAT and import taxes
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.29	Other taxes on production
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.3	Subsidies
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.31	Subsidies on products
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.311	Import subsidies
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.319	Other subsidies on products
0	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	D.39	Other subsidies on production
435	N.A.	44	391	6	41	42	168	134	D.4	Property income
230	N.A.	13	217	6	14	35	106	56	D.41	Interest
79	N.A.	17	62	0	N.A.	N.A.	15	47	D.42	Distributed income of corporations
67	N.A.	13	54	N.A.	N.A.	N.A.	15	39	D.421	Dividends
12	N.A.	4	8	N.A.	N.A.	N.A.	0	8	D.422	Withdrawals from income of quasi-corporations
14	N.A.	14	0	N.A.	N.A.	N.A.	0	0	D.43	Reinvested earnings on foreign direct investment
47	N.A.	0	47	N.A.	N.A.	N.A.	47	N.A.	D.44	Other investment income
25	N.A.	0	25	N.A.	N.A.	N.A.	25	N.A.	D.441	Investment income attributable to insurance policy holders
8	N.A.	0	8	N.A.	N.A.	N.A.	8	N.A.	D.442	Investment income payable on pension entitlements
14	N.A.	0	14	N.A.	N.A.	N.A.	14	N.A.	D.443	Investment income attributable to collective investment fund shareholders
6	N.A.	0	6	N.A.	N.A.	N.A.	6	N.A.	D.4431	Dividends attributable to collective investment fund shareholders
8	N.A.	0	8	N.A.	N.A.	N.A.	8	N.A.	D.4432	Retained earnings attributable to collective investment fund shareholders
653	N.A.	N.A.	65	0	27	7	0	31	D.45	Rent
1864	N.A.	N.A.	1864	4	1381	198	27	254	B.5g/B.5*g	Balance of primary incomes, gross/national income, gross
1642	N.A.	N.A.	1642	1	1358	171	15	97	B.5n/B.5*n	Balance of primary incomes, net/national income, net
Resources														N.A.
N.A.	N.A.				S.11	S.12	S.13	S.14	S.15	S.1	Corresponding entries of the		N.A.	N.A.
N.A.	N.A.				N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	Corresponding entries of the		N.A.	N.A.
N.A.	Transactions and balancing items				Non-financial corporations	Financial corporations	General government	Households	NPISHs	Total economy	Rest of the world account	Goods and services account	Total	N.A.
B.2g	Operating surplus, gross				292	46	27	84	3	452	N.A.	N.A.	452	N.A.
B.3g	Mixed income, gross				N.A.	N.A.	N.A.	61	N.A.	61	N.A.	N.A.	61	N.A.
B.2n	Operating surplus, net				135	34	0	69	0	238	N.A.	N.A.	238	N.A.
B.3n	Mixed income, net				N.A.	N.A.	N.A.	53	N.A.	53	N.A.	N.A.	53	N.A.
D.1	Compensation of employees				N.A.	N.A.	N.A.	1154	N.A.	1154	2	N.A.	1156	N.A.
D.11	Wages and salaries				N.A.	N.A.	N.A.	954	N.A.	954	2	N.A.	956	N.A.
D.12	Employers' social contributions				N.A.	N.A.	N.A.	200	N.A.	200	0	N.A.	200	N.A.
D.121	Employers' actual social contributions				N.A.	N.A.	N.A.	181	N.A.	181	0	N.A.	181	N.A.
D.1211	Employers' actual pension contributions				N.A.	N.A.	N.A.	168	N.A.	168	0	N.A.	168	N.A.
D.1212	Employers' actual non-pension contributions				N.A.	N.A.	N.A.	13	N.A.	13	0	N.A.	13	N.A.
D.122	Employers' imputed social contributions				N.A.	N.A.	N.A.	19	N.A.	19	0	N.A.	19	N.A.
D.1221	Employers' imputed pension contributions				N.A.	N.A.	N.A.	18	N.A.	18	0	N.A.	18	N.A.
D.1222	Employers' imputed non-pension contributions				N.A.	N.A.	N.A.	1	N.A.	1	0	N.A.	1	N.A.
D.2	Taxes on production and imports				N.A.	N.A.	235	N.A.	N.A.	235	N.A.	N.A.	235	N.A.
D.21	Taxes on products				N.A.	N.A.	141	N.A.	N.A.	141	N.A.	N.A.	141	N.A.
D.211	Value added type taxes (VAT)				N.A.	N.A.	121	N.A.	N.A.	121	N.A.	N.A.	121	N.A.
D.212	Taxes and duties on imports excluding VAT				N.A.	N.A.	17	N.A.	N.A.	17	N.A.	N.A.	17	N.A.
D.2121	Import duties				N.A.	N.A.	17	N.A.	N.A.	17	N.A.	N.A.	17	N.A.
D.2122	Taxes on imports excluding VAT and duties				N.A.	N.A.	0	N.A.	N.A.	0	N.A.	N.A.	0	N.A.
D.214	Taxes on products except VAT and import taxes				N.A.	N.A.	3	N.A.	N.A.	3	N.A.	N.A.	3	N.A.
D.29	Other taxes on production				N.A.	N.A.	94	N.A.	N.A.	94	N.A.	N.A.	94	N.A.
D.3	Subsidies				N.A.	N.A.	-44	N.A.	N.A.	-44	N.A.	N.A.	-44	N.A.
D.31	Subsidies on products				N.A.	N.A.	-8	N.A.	N.A.	-8	N.A.	N.A.	-8	N.A.
D.311	Import subsidies				N.A.	N.A.	0	N.A.	N.A.	0	N.A.	N.A.	0	N.A.
D.319	Other subsidies on products				N.A.	N.A.	-8	N.A.	N.A.	-8	N.A.	N.A.	-8	N.A.
D.39	Other subsidies on production				N.A.	N.A.	-36	N.A.	N.A.	-36	N.A.	N.A.	-36	N.A.
D.4	Property income				96	149	22	123	7	397	38	N.A.	435	N.A.
D.41	Interest				33	106	14	49	7	209	21	N.A.	230	N.A.
D.42	Distributed income of corporations				10	25	7	20	0	62	17	N.A.	79	N.A.
D.421	Dividends				10	25	5	13	0	53	14	N.A.	67	N.A.
D.422	Withdrawals from income of quasi-corporations				N.A.	N.A.	2	7	N.A.	9	3	N.A.	12	N.A.
D.43	Reinvested earnings on foreign direct investment				4	7	0	3	0	14	0	N.A.	14	N.A.
D.44	Other investment income				8	8	1	30	0	47	0	N.A.	47	N.A.
D.441	Investment income attributable to insurance policy holders				5	0	0	20	0	25	0	N.A.	25	N.A.
D.442	Investment income payable on pension entitlements				N.A.	N.A.	N.A.	8	N.A.	8	0	N.A.	8	N.A.
D.443	Investment income attributable to collective investment fund shareholders				3	8	1	2	0	14	0	N.A.	14	N.A.
D.4431	Dividends attributable to collective investment fund shareholders				1	3	0	2	0	6	0	N.A.	6	N.A.
D.4432	Retained earnings attributable to collective investment fund shareholders				2	5	1	0	0	8	0	N.A.	8	N.A.
D.45	Rent				41	3	0	21	0	65	N.A.	N.A.	65	N.A.
B.5g/B.5*g	Balance of primary incomes, gross/national income, gross				N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
B.5n/B.5*n	Balance of primary incomes, net/national income, net				N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.

Entrepreneurial income account (II.1.2.1)

8.26 The purpose of the entrepreneurial income account is to determine a balancing item corresponding to the concept of current profit before distribution and income tax, as normally used in business accounting.

8.27 In the case of general government and non-profit institutions serving households, this account concerns only their market activities.

8.28 Entrepreneurial income corresponds to the operating surplus or mixed income (on the resources side):

plus property income receivable in connection with financial and other assets belonging to the enterprise (on the resources side),

minus interest on debts payable by the enterprise, other investment income payable, and rents payable on land and other natural resources rented by the enterprise (on the uses side).

Property income payable in the form of dividends, withdrawals of income from quasi-corporations, or reinvested earnings on foreign direct investment, is not deducted from entrepreneurial income.

Allocation of other primary income account (II.1.2.2)

8.29 The purpose of the allocation of other primary income account is to return from the concept of entrepreneurial income to the concept of primary income. It therefore contains the elements of primary income not included in the entrepreneurial income account:

in the case of corporations, distributed dividends, withdrawals of income from quasi-corporations, and reinvested earnings on foreign direct investment (on the uses side);
in the case of households:
1. property income payable, excluding rents and interest payable in connection with the entrepreneurial activity (on the uses side);
2. compensation of employees (on the resources side);
3. property income receivable, excluding that receivable in connection with the activity of the enterprise (on the resources side);
in the case of general government:
1. property income payable, excluding that payable in connection with market activities (on the uses side);
2. taxes on production and imports less subsidies (on the resources side);
3. property income receivable, excluding that receivable in connection with market activities (on the resources side).

Export

Table 8.5 - Account II.1.2.1: entrepreneurial income

Uses
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.		N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.		N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.		Transactions and balancing items
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.2g		Operating surplus, gross
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.3g		Mixed income, gross
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.2n		Operating surplus, net
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.3n		Mixed income, net
240	N.A.		N.A.	240	N.A.	N.A.		N.A.		153		87		D.4		Property income
162	N.A.		N.A.	162	N.A.	N.A.		N.A.		106		56		D.41		Interest
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.42		Distributed income of corporations
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.421		Dividends
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.422		Withdrawals from income of quasi-corporations
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.43		Reinvested earnings on foreign direct investment
47	N.A.		N.A.	47	N.A.	N.A.		N.A.		47		N.A.		D.44		Other investment income
25	N.A.		N.A.	25	N.A.	N.A.		N.A.		25		N.A.		D.441		Investment income attributable to insurance policy holders
8	N.A.		N.A.	8	N.A.	N.A.		N.A.		8		N.A.		D.442		Investment income payable on pension entitlements
14	N.A.		N.A.	14	N.A.	N.A.		N.A.		14		N.A.		D.443		Investment income attributable to collective investment fund shareholders
31	N.A.		N.A.	31	N.A.	N.A.		N.A.		0		31		D.45		Rent
343	N.A.		N.A.	343	N.A.	N.A.		N.A.		42		301		B.4g		Entrepreneurial income, gross
174	N.A.		N.A.	174	N.A.	N.A.		N.A.		30		144		B.4n		Entrepreneurial income, net
Resources
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15		S.1	Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	Corresponding entries of the		N.A.
N.A.		Transactions and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs		Total economy	Rest of the world account	Goods and services account	Total
B.2g		Operating surplus, gross					292		46		27		84		3		452	N.A.	N.A.	452
B.3g		Mixed income, gross					N.A.		N.A.		N.A.		61		N.A.		61	N.A.	N.A.	61
B.2n		Operating surplus, net					135		34		0		69		0		238	N.A.	N.A.	238
B.3n		Mixed income, net					N.A.		N.A.		N.A.		53		N.A.		53	N.A.	N.A.	53
D.4		Property income					96		149		N.A.		N.A.		N.A.		245	N.A.	N.A.	245
D.41		Interest					33		106		N.A.		N.A.		N.A.		139	N.A.	N.A.	139
D.42		Distributed income of corporations					10		25		N.A.		N.A.		N.A.		35	N.A.	N.A.	35
D.421		Dividends					10		25		N.A.		N.A.		N.A.		35	N.A.	N.A.	35
D.422		Withdrawals from income of quasi-corporations					N.A.		N.A.		N.A.		N.A.		N.A.		0	N.A.	N.A.	0
D.43		Reinvested earnings on foreign direct investment					4		7		N.A.		N.A.		N.A.		11	N.A.	N.A.	11
D.44		Other investment income					8		8		N.A.		N.A.		N.A.		16	N.A.	N.A.	16
D.441		Investment income attributable to insurance policy holders					5		N.A.		N.A.		N.A.		N.A.		5	N.A.	N.A.	5
D.442		Investment income payable on pension entitlements					N.A.		N.A.		N.A.		N.A.		N.A.		0	N.A.	N.A.	0
D.443		Investment income attributable to collective investment fund shareholders					3		8		N.A.		N.A.		N.A.		11	N.A.	N.A.	11
D.45		Rent					41		3		N.A.		N.A.		N.A.		44	N.A.	N.A.	44
B.4g		Entrepreneurial income. gross					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
B.4n		Entrepreneurial income, net					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.

Export

Table 8.5 - Account II.1.2.2: allocation of other primary income

Uses
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.		N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.		N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.		Transactions and balancing items
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.4g		Entrepreneurial income, gross
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.4n		Entrepreneurial income, net
6	N.A.		6	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.1		Compensation of employees
6	N.A.		6	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.11		Wages and salaries
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.12		Employers' social contributions
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.121		Employers' actual social contributions
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.122		Employers' imputed social contributions
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.2		Taxes on production and imports
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.21		Taxes on products
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.211		Value added type taxes (VAT)
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.212		Taxes and duties on imports excluding VAT
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.2121		Import duties
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.2122		Taxes on imports excluding VAT and duties
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.214		Taxes on products except VAT and import taxes
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.29		Other taxes on production
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.3		Subsidies
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.31		Subsidies on products
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.311		Import subsidies
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.319		Other subsidies on products
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.39		Other subsidies on production
214	N.A.		63	151	6	41		42		15		47		D.4		Property income
68	N.A.		13	55	6	14		35		N.A.		N.A.		D.41		Interest
98	N.A.		36	62	N.A.	N.A.		N.A.		15		47		D.42		Distributed income of corporations
54	N.A.		0	54	N.A.	N.A.		N.A.		15		39		D.421		Dividends
44	N.A.		36	8	N.A.	N.A.		N.A.		N.A.		8		D.422		Withdrawals from income of quasi-corporations
14	N.A.		14	0	N.A.	N.A.		N.A.		N.A.		N.A.		D.43		Reinvested earnings on foreign direct investment
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.44		Other investment income
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.441		Investment income attributable to insurance policy holders
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.442		Investment income payable on pension entitlements
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.443		Investment income attributable to collective investment fund shareholders
34	N.A.		N.A.	34	0	27		7		N.A.		N.A.		D.45		Rent
1864	N.A.		N.A.	1864	4	1381		198		27		254		B.5g/B.5*g		Balance of primary incomes, gross/national income, gross
1642	N.A.		N.A.	1642	1	1358		171		15		97		B.5n/B.5*n		Balance of primary incomes, net/national income, net
Resources
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15		S.1	Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	Corresponding entries of the		N.A.
N.A.		Transactions and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs		Total economy	Rest of the world account	Goods and services account	Total
B.4g		Entrepreneurial income. Gross					301		42		N.A.		N.A.		N.A.		343	N.A.	N.A.	343
B.4n		Entrepreneurial income, net					144		30		N.A.		N.A.		N.A.		174	N.A.	N.A.	174
D.1		Compensation of employees					N.A.		N.A.		N.A.		1154		N.A.		1154	2	N.A.	1156
D.11		Wages and salaries					N.A.		N.A.		N.A.		954		N.A.		954	2	N.A.	956
D.12		Employers' social contributions					N.A.		N.A.		N.A.		200		N.A.		200	N.A.	N.A.	200
D.121		Employers' actual social contributions					N.A.		N.A.		N.A.		181		N.A.		181	N.A.	N.A.	181
D.122		Employers' imputed social contributions					N.A.		N.A.		N.A.		19		N.A.		19	N.A.	N.A.	19
D.2		Taxes on production and imports					N.A.		N.A.		235		N.A.		N.A.		235	N.A.	N.A.	235
D.21		Taxes on products					N.A.		N.A.		141		N.A.		N.A.		141	N.A.	N.A.	141
D.211		Value added type taxes (VAT)					N.A.		N.A.		121		N.A.		N.A.		121	N.A.	N.A.	121
D.212		Taxes and duties on imports excluding VAT					N.A.		N.A.		17		N.A.		N.A.		17	N.A.	N.A.	17
D.2121		Import duties					N.A.		N.A.		17		N.A.		N.A.		17	N.A.	N.A.	17
D.2122		Taxes on imports excluding VAT and duties					N.A.		N.A.		0		N.A.		N.A.		0	N.A.	N.A.	0
D.214		Taxes on products except VAT and import taxes					N.A.		N.A.		3		N.A.		N.A.		3	N.A.	N.A.	3
D.29		Other taxes on production					N.A.		N.A.		94		N.A.		N.A.		94	N.A.	N.A.	94
D.3		Subsidies					N.A.		N.A.		-44		N.A.		N.A.		-44	N.A.	N.A.	-44
D.31		Subsidies on products					N.A.		N.A.		-8		N.A.		N.A.		-8	N.A.	N.A.	-8
D.311		Import subsidies					N.A.		N.A.		0		N.A.		N.A.		0	N.A.	N.A.	0
D.319		Other subsidies on products					N.A.		N.A.		-8		N.A.		N.A.		-8	N.A.	N.A.	-8
D.39		Other subsidies on production					N.A.		N.A.		-36		N.A.		N.A.		-36	N.A.	N.A.	-36
D.4		Property income					N.A.		N.A.		22		123		7		152	38	N.A.	190
D.41		Interest					N.A.		N.A.		14		49		7		70	21	N.A.	91
D.42		Distributed income of corporations					N.A.		N.A.		7		20		0		27	17	N.A.	44
D.421		Dividends					N.A.		N.A.		5		13		0		18	14	N.A.	32
D.422		Withdrawals from income of quasi-corporations					N.A.		N.A.		2		7		0		9	3	N.A.	12
D.43		Reinvested earnings on foreign direct investment					N.A.		N.A.		0		3		0		3	0	N.A.	3
D.44		Other investment income					N.A.		N.A.		1		30		0		31	0	N.A.	31
D.441		Investment income attributable to insurance policy holders					N.A.		N.A.		0		20		0		20	0	N.A.	20
D.442		Investment income payable on pension entitlements					N.A.		N.A.		0		8		0		8	0	N.A.	8
D.443		Investment income attributable to collective investment fund shareholders					N.A.		N.A.		1		2		0		3	0	N.A.	3
D.45		Rent					N.A.		N.A.		0		21		0		21	N.A.	N.A.	21
B.5g/B.5*g		Balance of primary incomes, gross/national income, gross					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
B.5n/B.5*n		Balance of primary incomes, net/national income, net					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.

Secondary distribution of income account (II.2)

8.30 The secondary distribution of income account shows how the balance of the primary income of an institutional sector is allocated by redistribution: current taxes on income, wealth etc., social contributions and benefits (excluding social transfers in kind) and other current transfers.

8.31 The balancing item of the account is disposable income, which reflects current transactions and is the amount available for final consumption or saving.

8.32 Social contributions are recorded on the uses side of the secondary distribution of income account of households and on the resources side of the secondary distribution of income account of the institutional sectors responsible for management of social insurance. When payable by employers for their employees, they are first included under compensation of employees, on the uses side of the employers' generation of income account, since they form part of wage costs; they are also recorded, as compensation of employees, on the resources side of the households' allocation of primary income account, since they correspond to benefits to households.

The social contributions shown on the uses side of the secondary distribution of income account of households are net of the service charges of the pension funds and other insurance companies, all or part of whose resources are made up of actual social contributions.

An adjustment item is shown in the table for the social insurance scheme service charges. Net social contributions (D.61) are recorded net of these charges, but, as it is difficult to apportion them across the components of D.61, those contributions are shown gross of these charges in the table. So D.61 is the sum of its components, less this adjustment item.

Redistribution of income in kind account (II.3)

8.33 The redistribution of income in kind account gives a broader picture of households' income by including the flows corresponding to the use of individual goods and services which these households receive free of charge from government and NPISHs, i.e. social transfers in kind. This facilitates comparisons over time when there are differences or changes in economic and social conditions, and supplements the analysis of the role of general government in the redistribution of income.

8.34 Social transfers in kind are recorded on the resources side of the redistribution of income in kind account in the case of households, and on the uses side in the case of general government and non-profit institutions serving households.

8.35 The balancing item in the redistribution of income in kind account is adjusted disposable income, and this is the first entry on the resources side of the use of adjusted disposable income account (II.4.2).

Export

Table 8.6 - Account II.2: Secondary distribution of income account

Uses
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.		N.A.					N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.		N.A.					N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.		Transactions and balancing items					N.A.
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.5g/B.5*g		Balance of primary incomes, gross/National income, gross					N.A.
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.5n/B.5*n		Balance of primary incomes, net/National income, net					N.A.
1229	N.A.		17	1212	7	582		248		277		98		N.A.		Current transfers					N.A.
213	N.A.		1	212	0	178		0		10		24		D.5		Current taxes on income, wealth, etc.					N.A.
204	N.A.		1	203	0	176		0		7		20		D.51		Taxes on income					N.A.
9	N.A.		N.A.	9	0	2		0		3		4		D.59		Other current taxes					N.A.
333	N.A.		0	333	N.A.	333		N.A.		N.A.		N.A.		D.61		Net social contributions					N.A.
181	N.A.		0	181	N.A.	181		N.A.		N.A.		N.A.		D.611		Employers' actual social contributions					N.A.
168	N.A.		0	168	N.A.	168		N.A.		N.A.		N.A.		D.6111		Employers' actual pension contributions					N.A.
13	N.A.		0	13	N.A.	13		N.A.		N.A.		N.A.		D.6112		Employers' actual non-pension contributions					N.A.
19	N.A.		0	19	N.A.	19		N.A.		N.A.		N.A.		D.612		Employers' imputed social contributions					N.A.
18	N.A.		0	18	N.A.	18		N.A.		N.A.		N.A.		D.6121		Employers' imputed pension contributions					N.A.
1	N.A.		0	1	N.A.	1		N.A.		N.A.		N.A.		D.6122		Employers' imputed non-pension contributions					N.A.
129	N.A.		0	129	N.A.	129		N.A.		N.A.		N.A.		D.613		Households' actual social contributions					N.A.
115	N.A.		0	115	N.A.	115		N.A.		N.A.		N.A.		D.6131		Households' actual pension contributions					N.A.
14	N.A.		0	14	N.A.	14		N.A.		N.A.		N.A.		D.6132		Households' actual non-pension contributions					N.A.
10	N.A.		0	10	N.A.	10		N.A.		N.A.		N.A.		D.614		Households' social contribution supplements					N.A.
8	N.A.		0	8	N.A.	8		N.A.		N.A.		N.A.		D.6141		Households' pension contribution supplements					N.A.
2	N.A.		0	2	N.A.	2		N.A.		N.A.		N.A.		D.6142		Households' non-pension contribution supplements					N.A.
-6	N.A.		0	-6	N.A.	-6		N.A.		N.A.		N.A.		D.61SC		Social insurance scheme service charges					N.A.
384	N.A.		0	384	5	0		112		205		62		D.62		Social benefits other than social transfers in kind					N.A.
53	N.A.		0	53	N.A.	N.A.		53		N.A.		N.A.		D.621		Social security benefits in cash					N.A.
45	N.A.		0	45	N.A.	N.A.		45		N.A.		N.A.		D.6211		Social security pension benefits in cash					N.A.
8	N.A.		0	8	N.A.	N.A.		8		N.A.		N.A.		D.6212		Social security non-pension benefits in cash					N.A.
279	N.A.		0	279	5	0		7		205		62		D.622		Other social insurance benefits					N.A.
250	N.A.		0	250	3	0		5		193		49		D.6221		Other social insurance pension benefits					N.A.
29	N.A.		0	29	2	0		2		12		13		D.6222		Other social insurance non-pension benefits					N.A.
52	N.A.		N.A.	52	N.A.	N.A.		52		N.A.		N.A.		D.623		Social assistance benefits in cash					N.A.
299	N.A.		16	283	2	71		136		62		12		D.7		Other current transfers					N.A.
58	N.A.		2	56	0	31		4		13		8		D.71		Net non-life insurance premiums					N.A.
44	N.A.		1	43	0	31		4		0		8		D.711		Net non-life direct insurance premiums					N.A.
14	N.A.		1	13	N.A.	N.A.		N.A.		13		N.A.		D.712		Net non-life reinsurance premiums					N.A.
60	N.A.		12	48	N.A.	N.A.		N.A.		48		N.A.		D.72		Non-life insurance claims					N.A.
45	N.A.		0	45	N.A.	N.A.		N.A.		45		N.A.		D.721		Non-life direct insurance claims					N.A.
15	N.A.		12	3	N.A.	N.A.		N.A.		3		N.A.		D.722		Non-life reinsurance claims					N.A.
96	N.A.		0	96	N.A.	N.A.		96		N.A.		N.A.		D.73		Current transfers within general government					N.A.
23	N.A.		1	22	N.A.	N.A.		22		N.A.		N.A.		D.74		Current international cooperation					N.A.
53	N.A.		1	52	2	40		5		1		4		D.75		Miscellaneous current transfers					N.A.
36	N.A.		0	36	0	29		5		1		1		D.751		Current transfers to NPISHs					N.A.
8	N.A.		1	7	N.A.	7		N.A.		N.A.		N.A.		D.752		Current transfers between households					N.A.
9	N.A.		0	9	2	4		0		0		3		D.759		Other miscellaneous current transfers					N.A.
9	N.A.		N.A.	9	N.A.	N.A.		9		N.A.		N.A.		D.76		VAT- and GNI-based EU own resources					N.A.
1826	N.A.		N.A.	1826	37	1219		317		25		228		B.6g		Disposable income, gross					N.A.
1604	N.A.		N.A.	1604	34	1196		290		13		71		B.6n		Disposable income, net					N.A.
Resources
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15		S.1	Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	Corresponding entries of the		N.A.
N.A.		Transactions and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs		Total economy	Rest of the world account	Goods and services account	Total
B.5g/B.5*g		Balance of primary incomes, gross/national income, gross					254		27		198		1381		4		1864	N.A.	N.A.	1864
B.5n/B.5*n		Balance of primary incomes, net/national income, net					97		15		171		1358		1		1642	N.A.	N.A.	1642
N.A.		Current transfers					72		275		367		420		40		1174	55	N.A.	1229
D.5		Current taxes on income, wealth, etc.					N.A.		N.A.		213		N.A.		N.A.		213	0	N.A.	213
D.51		Taxes on income					N.A.		N.A.		204		N.A.		N.A.		204	0	N.A.	204
D.59		Other current taxes					N.A.		N.A.		9		N.A.		N.A.		9	N.A.	N.A.	9
D.61		Net social contributions					66		212		50		0		5		333	0	N.A.	333
D.611		Employers' actual social contributions					31		109		38		0		3		181	0	N.A.	181
D.6111		Employers' actual pension contributions					27		104		35		0		2		168	0	N.A.	168
D.6112		Employers' actual non-pension contributions					4		5		3		0		1		13	0	N.A.	13
D.612		Employers' imputed social contributions					12		2		4		0		1		19	0	N.A.	19
D.6121		Employers' imputed pension contributions					12		1		4		0		1		18	0	N.A.	18
D.6122		Employers' imputed non-pension contributions					0		1		0		0		0		1	0	N.A.	1
D.613		Households' actual social contributions					25		94		9		0		1		129	0	N.A.	129
D.6131		Households' actual pension contributions					19		90		6		0		0		115	0	N.A.	115
D.6132		Households' actual non-pension contributions					6		4		3		0		1		14	0	N.A.	14
D.614		Households' social contribution supplements					N.A.		10		N.A.		N.A.		N.A.		10	0	N.A.	10
D.6141		Households' pension contribution supplements					N.A.		8		N.A.		N.A.		N.A.		8	0	N.A.	8
D.6142		Households' non-pension contribution supplements					N.A.		2		N.A.		N.A.		N.A.		2	0	N.A.	2
D.61SC		Social insurance scheme service charges					2		3		N.A.		1		N.A.		6	0	N.A.	6
D.62		Social benefits other than social transfers in kind					N.A.		N.A.		N.A.		384		N.A.		384	0	N.A.	384
D.621		Social security benefits in cash					N.A.		N.A.		N.A.		53		N.A.		53	0	N.A.	53
D.6211		Social security pension benefits in cash					N.A.		N.A.		N.A.		45		N.A.		45	0	N.A.	45
D.6212		Social security non-pension benefits in cash					N.A.		N.A.		N.A.		8		N.A.		8	0	N.A.	8
D.622		Other social insurance benefits					N.A.		N.A.		N.A.		279		N.A.		279	0	N.A.	279
D.6221		Other social insurance pension benefits					N.A.		N.A.		N.A.		250		N.A.		250	0	N.A.	250
D.6222		Other social insurance non-pension benefits					N.A.		N.A.		N.A.		29		N.A.		29	0	N.A.	29
D.623		Social assistance benefits in cash					N.A.		N.A.		N.A.		52		N.A.		52	0	N.A.	52
D.7		Other current transfers					6		62		104		36		36		244	55	N.A.	299
D.71		Net non-life insurance premiums					N.A.		47		N.A.		N.A.		N.A.		47	11	N.A.	58
D.711		Net non-life direct insurance premiums					N.A.		44		N.A.		N.A.		N.A.		44	N.A.	N.A.	44
D.712		Net non-life reinsurance premiums					N.A.		3		N.A.		N.A.		N.A.		3	11	N.A.	14
D.72		Non-life insurance claims					6		15		1		35		0		57	3	N.A.	60
D.721		Non-life direct insurance claims					6		N.A.		1		35		N.A.		42	3	N.A.	45
D.722		Non-life reinsurance claims					N.A.		15		N.A.		N.A.		N.A.		15	0	N.A.	15
D.73		Current transfers within general government					N.A.		N.A.		96		N.A.		N.A.		96	0	N.A.	96
D.74		Current international cooperation					N.A.		N.A.		1		N.A.		N.A.		1	22	N.A.	23
D.75		Miscellaneous current transfers					0		0		6		1		36		43	10	N.A.	53
D.751		Current transfers to NPISHs					N.A.		N.A.		N.A.		N.A.		36		36	N.A.	N.A.	36
D.752		Current transfers between households					N.A.		N.A.		N.A.		1		N.A.		1	7	N.A.	8
D.759		Other miscellaneous current transfers					N.A.		N.A.		6		N.A.		N.A.		6	3	N.A.	9
D.76		VAT- and GNI-based EU own resources					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	9	N.A.	9
B.6g		Disposable income, gross					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
B.6n		Disposable income, net					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.

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Table 8.7 - Account II.3: redistribution of income in kind account

Uses
N.A.	Corresponding entries of the		S.1	S.15	S.14	S.13	S.12	S.11	N.A.	N.A.
N.A.	Corresponding entries of the		N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
Total	Goods and Services account	Rest of the world account	Total economy	NPISHs	Households	General government	Financial corporations	Non-financial corporations	N.A.	Transactions and balancing items
N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	B.6g	Disposable income, gross
N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	B.6n	Disposable income, net
215	N.A.	N.A.	215	31	N.A.	184	N.A.	N.A.	D.63	Social transfers in kind
211	N.A.	N.A.	211	31	N.A.	180	N.A.	N.A.	D.631	Social transfers in kind - non-market production
4	N.A.	N.A.	4	N.A.	N.A.	4	N.A.	N.A.	D.632	Social transfers in kind - purchased market production
1826	N.A.	N.A.	1826	6	1434	133	25	228	B.7g	Adjusted disposable income, gross
1604	N.A.	N.A.	1604	3	1411	106	13	71	B.7n	Adjusted disposable income, net
Resources
N.A.	N.A.	S.11	S.12	S.13	S.14	S.15	S.1	Corresponding entries of the		N.A.
N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	Corresponding entries of the		N.A.
N.A.	Transactions and balancing items	Non-financial corporations	Financial corporations	General government	Households	NPISHs	Total economy	Rest of the world account	Goods and services account	Total
B.6g	Disposable income, gross	228	25	317	1219	37	1826	N.A.	N.A.	1826
B.6n	Disposable income, net	71	13	290	1196	34	1604	N.A.	N.A.	1604
D.63	Social transfers in kind	N.A.	N.A.	N.A.	215	N.A.	215	N.A.	N.A.	215
D.631	Social transfers in kind - non-market production	N.A.	N.A.	N.A.	211	N.A.	211	N.A.	N.A.	211
D.632	Social transfers in kind - purchased market production	N.A.	N.A.	N.A.	4	N.A.	4	N.A.	N.A.	4
B.7g	Adjusted disposable income, gross	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
B.7n	Adjusted disposable income, net	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.

Use of income account (II.4)

8.36 For the institutional sectors with final consumption, the use of income account shows how disposable income (or adjusted disposable income) is divided between final consumption expenditure (or actual final consumption) and saving.

8.37 In the system, only government, NPISHs and households have final consumption. In addition, the use of income account includes, for households and for pension funds, an adjustment item (D.8 - adjustment for the change in pension entitlements) which relates to the way that transactions between households and pension funds are recorded. This is explained in the chapter on distributive transactions, paragraph 4.141.

Use of disposable income account (II.4.1)

8.38 The use of disposable income account includes the concept of final consumption expenditure financed by the various sectors concerned: households, general government, and non-profit institutions serving households.

8.39 The balancing item in the use of disposable income account is saving.

Use of adjusted disposable income account (II.4.2)

8.40 This account links with the redistribution of income in kind account (II.3). The use of adjusted disposable income account includes the concept of actual final consumption, which corresponds to the value of goods and services actually at the disposal of households for final consumption, even if their acquisition is financed by general government or non-profit institutions serving households.

Consequently, the actual final consumption of general government and NPISHs corresponds only to collective final consumption.

8.41 At the level of the total economy, final consumption expenditure and actual final consumption are equal; it is only the distribution over the institutional sectors which differs. The same is true of disposable income and adjusted disposable income.

8.42 Saving is the balancing item in both versions of the use of income account. Its value is identical for all sectors, regardless of whether it is obtained by subtracting final consumption expenditure from disposable income, or by subtracting actual final consumption from adjusted disposable income.

8.43 Saving is the (positive or negative) amount resulting from current transactions which establishes the link with accumulation. If saving is positive, non-spent income is used for the acquisition of assets or for paying off liabilities. If saving is negative, certain assets are liquidated or certain liabilities increase.

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Table 8.8 - Account II.4.1: use of disposable income account

Uses
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.			N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.			N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.			Transactions and balancing items
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.6g			Disposable income, gross
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.6n			Disposable income, net
1399	N.A.		N.A.	1399	32	1015		352		N.A.		N.A.		P.3			Final consumption expenditure
1230	N.A.		N.A.	1230	31	1015		184		N.A.		N.A.		P.31			Individual consumption expenditure
169	N.A.		N.A.	169	1	N.A.		168		N.A.		N.A.		P.32			Collective consumption expenditure
11	N.A.		0	11	0	N.A.		0		11		0		D.8			Adjustment for the change in pension entitlements
427	N.A.		N.A.	427	5	215		-35		14		228		B.8g			Saving, gross
205	N.A.		N.A.	205	2	192		-62		2		71		B.8n			Saving, net
-13	N.A.		-13	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.12			Current external balance
Resources
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15	S.1		Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		Corresponding entries of the		N.A.
N.A.		Transactions and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs	Total economy		Rest of the world account	Goods and services account	Total
B.6g		Disposable income, gross					228		25		317		1219		37	1826		N.A.	N.A.	1826
B.6n		Disposable income, net					71		13		290		1196		34	1604		N.A.	N.A.	1604
P.3		Final consumption expenditure					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	1399	1399
P.31		Individual consumption expenditure					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	1230	1230
P.32		Collective consumption expenditure					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	169	169
D.8		Adjustment for the change in pension entitlements					N.A.		N.A.		N.A.		11		N.A.	11		0	N.A.	11
B.8g		Saving, gross					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
B.8n		Saving, net					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
B.12		Current external balance					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.

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Table 8.9 - Account II.4.2: use of adjusted disposable income account

Uses
N.A.	Corresponding entries of the		S.1	S.15	S.14	S.13	S.12	S.11	N.A.	N.A.
N.A.	Corresponding entries of the		N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
Total	Goods and Services account	Rest of the world account	Total economy	NPISHs	Households	General government	Financial corporations	Non-financial corporations	N.A.	Transactions and balancing items
N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	B.7g	Adjusted disposable income, gross
N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	B.7n	Adjusted disposable income, net
1399	N.A.	N.A.	1399	1	1230	168	N.A.	N.A.	P.4	Actual final consumption
1230	N.A.	N.A.	1230	N.A.	1230	N.A.	N.A.	N.A.	P.41	Actual individual consumption
169	N.A.	N.A.	169	1	N.A.	168	N.A.	N.A.	P.42	Actual collective consumption
11	N.A.	0	11	0	N.A.	0	11	0	D.8	Adjustment for the change in pension entitlements
427	N.A.	N.A.	427	5	215	-35	14	228	B.8g	Saving, gross
205	N.A.	N.A.	205	2	192	-62	2	71	B.8n	Saving, net
-13	N.A.	-13	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	B.12	Current external balance
Resources
N.A.	N.A.	S.11	S.12	S.13	S.14	S.15	S.1	Corresponding entries of the		N.A.
N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	Corresponding entries of the		N.A.
N.A.	Transactions and balancing items	Non-financial corporations	Financial corporations	General government	Households	NPISHs	Total economy	Rest of the world account	Goods and services account	Total
B.7g	Adjusted disposable income, gross	228	25	133	1434	6	1826	N.A.	N.A.	1826
B.7n	Adjusted disposable income, net	71	13	106	1411	3	1604	N.A.	N.A.	1604
P.4	Actual final consumption	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	1399	1399
P.41	Actual individual consumption	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	1230	1230
P.42	Actual collective consumption	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	169	169
D.8	Adjustment for the change in pension entitlements	N.A.	N.A.	N.A.	11	N.A.	11	0	N.A.	11
B.8g	Saving, gross	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
B.8n	Saving, net	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
B.12	Current external balance	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.

Accumulation accounts (III)

8.44 The accumulation accounts are flow accounts. They record the various causes of changes in the assets and liabilities of units and the change in their net worth.

8.45 Changes in assets are recorded on the left-hand side of the accounts (plus or minus), changes in liabilities and net worth on the right-hand side (plus or minus).

Capital account (III.1)

8.46 The capital account records acquisitions less disposals of non-financial assets by resident units and measures the change in net worth due to saving (final balancing item in the current accounts) and capital transfers.

8.47 The capital account makes it possible to determine the extent to which acquisitions less disposals of non-financial assets have been financed out of saving and by capital transfers. It shows a net lending corresponding to the amount available to a unit or sector for financing, directly or indirectly, other units or sectors, or a net borrowing corresponding to the amount which a unit or sector is obliged to borrow from other units or sectors.

Change in net worth due to saving and capital transfers account (III.1.1)

8.48 This account makes it possible to determine the change in net worth due to saving and capital transfers, which corresponds to net saving plus capital transfers receivable, minus capital transfers payable.

Acquisitions of non-financial assets account (III.1.2)

8.49 This account records acquisitions less disposals of non-financial assets in order to return from the concept of change in net worth due to saving and capital transfers to net lending or borrowing.

Financial account (III.2)

8.50 The financial account records, by type of financial instrument, the changes in the financial assets and liabilities that compose net lending or borrowing. As these should match the financial surplus or deficit balancing items of the capital account, carried forward to this account as the first entry on the changes in liabilities and net worth side, there is no balancing item in this account.

8.51 The classification of assets and liabilities used in the financial account is identical to that used in the balance sheets.

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Table 8.10 - Account III.1.1: change in net worth due to saving and capital transfers account

Changes in assets
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.		N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.		N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.		Transactions and balancing items
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.8n		Saving, net
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.12		Current external balance
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.9r		Capital transfers, receivable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.91r		Capital taxes, receivable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.92r		Investment grants, receivable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.99r		Other capital transfers, receivable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.9p		Capital transfers, payable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.91p		Capital taxes, payable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.92p		Investment grants, payable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		D.99p		Other capital transfers, payable
192	N.A.		-29	221	20	236		-81		-16		62		B.101		Changes in net worth due to saving and capital transfers
Changes in liabilities and net worth
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15		S.1	Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	Corresponding entries of the		N.A.
N.A.		Transactions and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs		Total economy	Rest of the world account	Goods and services account	Total
B.8n		Saving, net					71		2		-62		192		2		205	N.A.	N.A.	205
B.12		Current external balance					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	-13	N.A.	-13
D.9r		Capital transfers, receivable					33		0		6		23		0		62	4	N.A.	66
D.91r		Capital taxes, receivable					N.A.		N.A.		2		N.A.		N.A.		2	N.A.	N.A.	2
D.92r		Investment grants, receivable					23		0		0		0		0		23	4	N.A.	27
D.99r		Other capital transfers, receivable					10		N.A.		4		23		N.A.		37	N.A.	N.A.	37
D.9p		Capital transfers, payable					-16		-7		-34		-5		-3		-65	-1	N.A.	-66
D.91p		Capital taxes, payable					0		0		0		-2		0		-2	0	N.A.	-2
D.92p		Investment grants, payable					N.A.		N.A.		-27		N.A.		N.A.		-27	N.A.	N.A.	-27
D.99p		Other capital transfers, payable					-16		-7		-7		-3		-3		-36	-1	N.A.	-37
B.101		Changes in net worth due to saving and capital transfers					88		-5		-90		210		-1		202	-10	N.A.	192

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Table 8.11 - Account III.1.2: acquisition of non-financial assets account

Changes in assets
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.		N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.		N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.		Transactions and balancing items
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.101		Changes in net worth due to saving and capital transfers
414	N.A.		N.A.	414	5	55		38		8		308		P.5g		Gross capital formation
192	N.A.		N.A.	192	2	32		11		-4		151		P.5n		Net capital formation
376	N.A.		N.A.	376	5	48		35		8		280		P.51g		Gross fixed capital formation
359	N.A.		N.A.	359	5	48		35		8		263		P.511		Acquisitions less disposals of fixed assets
358	N.A.		N.A.	358	5	45		38		8		262		P.5111		Acquisitions of new fixed assets
9	N.A.		N.A.	9	1	3		0		0		5		P.5112		Acquisitions of existing fixed assets
-8	N.A.		N.A.	-8	-1	0		-3		N.A.		-4		P.5113		Disposal of existing fixed assets
17	N.A.		N.A.	17	N.A.	N.A.		N.A.		N.A.		17		P.512		Costs of ownership transfer on non-produced assets
-222	N.A.		N.A.	-222	-3	-23		-27		-12		-157		P.51c		Consumption of fixed capital
28	N.A.		N.A.	28	0	2		0		0		26		P.52		Changes in inventories
10	N.A.		N.A.	10	0	5		3		0		2		P.53		Acquisitions less disposals of valuables
0	N.A.		N.A.	0	1	4		2		0		-7		NP		Acquisitions less disposals of non-produced assets
0	N.A.		N.A.	0	1	3		2		0		-6		NP.1		Acquisitions less disposals of natural resources
0	N.A.		0	0	0	1		0		0		-1		NP.2		Acquisitions less disposals of contracts, leases and licences
0	N.A.		0	0	N.A.	N.A.		N.A.		0		0		NP.3		Purchases less sales of goodwill and marketing assets
0	N.A.		-10	10	-4	174		-103		-1		-56		B.9		Net lending (+) net borrowing (-)
Changes in liabilities and net worth
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15		S.1	N.A. Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A. Corresponding entries of the		N.A.
N.A.		Transactions and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs		Total economy	Rest of the world account	Goods and services account	Total
B.101		Changes in net worth due to saving and capital transfers					88		-5		-90		210		-1		202	-10	N.A.	192
P.5g		Gross capital formation					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	414	414
P.5n		Net capital formation					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	192	192
P.51g		Gross fixed capital formation					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	376	376
P.511		Acquisitions less disposals of fixed assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	359	359
P.5111		Acquisitions of new fixed assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	358	358
P.5112		Acquisitions of existing fixed assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	9	9
P.5113		Disposal of existing fixed assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	-8	-8
P.512		Costs of ownership transfer on non-produced assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	17	17
P.51c		Consumption of fixed capital					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	-222	-222
P.52		Changes in inventories					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	28	28
P.53		Acquisitions less disposals of valuables					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	10	10
NP		Acquisitions less disposals of non-produced assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	0
NP.1		Acquisitions less disposals of natural resources					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	0	0
NP.2		Acquisitions less disposals of contracts, leases and licences					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
NP.3		Purchases less sales of goodwill and marketing assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
B.9		Net lending (+) net borrowing (-)					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.

Export

Table 8.12 - Account III.2: financial account

Changes in assets
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.		N.A.					N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.		N.A.					N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.		Transactions and balancing items					N.A.
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.9		Net lending (+)/net borrowing (-)					N.A.
483	N.A.		47	436	2	189		-10		172		83		F		Net acquisition of financial assets					N.A.
0	N.A.		1	-1	N.A.	N.A.		N.A.		-1		N.A.		F.1		Monetary gold and SDRs					N.A.
0	N.A.		1	-1	N.A.	N.A.		N.A.		-1		N.A.		F.11		Monetary gold					N.A.
0	N.A.		0	0	N.A.	N.A.		N.A.		0		N.A.		F.12		SDRs					N.A.
100	N.A.		11	89	2	64		-26		10		39		F.2		Currency and deposits					N.A.
36	N.A.		3	33	1	10		2		15		5		F.21		Currency					N.A.
28	N.A.		2	26	1	27		-27		-5		30		F.22		Transferable deposits					N.A.
-5	N.A.		N.A.	-5	N.A.	N.A.		N.A.		-5		N.A.		F.221		Inter-bank positions					N.A.
33	N.A.		2	31	1	27		-27		0		30		F.229		Other transferable deposits					N.A.
36	N.A.		6	30	0	27		-1		0		4		F.29		Other deposits					N.A.
95	N.A.		9	86	-1	10		4		66		7		F.3		Debt securities					N.A.
29	N.A.		2	27	0	3		1		13		10		F.31		Short-term					N.A.
66	N.A.		7	59	-1	7		3		53		-3		F.32		Long-term					N.A.
82	N.A.		4	78	0	3		3		53		19		F.4		Loans					N.A.
25	N.A.		3	22	0	3		1		4		14		F.41		Short-term					N.A.
57	N.A.		1	56	0	0		2		49		5		F.42		Long-term					N.A.
119	N.A.		12	107	0	66		3		28		10		F.5		Equity and investment fund shares					N.A.
103	N.A.		12	91	0	53		3		25		10		F.51		Equity					N.A.
87	N.A.		10	77	0	48		1		23		5		F.511		Listed shares					N.A.
9	N.A.		2	7	0	2		1		1		3		F.512		Unlisted shares					N.A.
7	N.A.		0	7	0	3		1		1		2		F.519		Other equity					N.A.
16	N.A.		0	16	0	13		0		3		0		F.52		Investment fund shares/units					N.A.
7	N.A.		0	7	0	5		0		2		0		F.521		Money market fund shares/units					N.A.
9	N.A.		0	9	0	8		0		1		0		F.522		Non-MMF investment fund shares/units					N.A.
48	N.A.		0	48	0	39		1		7		1		F.6		Insurance, pension and standardised guarantee schemes					N.A.
7	N.A.		0	7	0	4		0		2		1		F.61		Non-life insurance technical reserves					N.A.
22	N.A.		0	22	0	22		0		0		0		F.62		Life insurance and annuity entitlements					N.A.
11	N.A.		0	11	N.A.	11		N.A.		N.A.		N.A.		F.63		Pension entitlements					N.A.
3	N.A.		0	3	N.A.	N.A.		N.A.		3		N.A.		F.64		Claim of pension funds on pension managers					N.A.
2	N.A.		0	2	N.A.	2		N.A.		N.A.		N.A.		F.65		Entitlements to non-pension benefits					N.A.
3	N.A.		0	3	0	0		1		2		0		F.66		Provisions for calls under standardised guarantees					N.A.
14	N.A.		0	14	0	3		0		8		3		F.7		Financial derivatives and employee stock options					N.A.
12	N.A.		0	12	0	1		0		8		3		F.71		Financial derivatives					N.A.
5	N.A.		0	5	0	1		0		3		1		F.711		Options					N.A.
7	N.A.		0	7	0	0		0		5		2		F.712		Forwards					N.A.
2	N.A.		N.A.	2	N.A.	2		N.A.		N.A.		0		F.72		Employee stock options					N.A.
25	N.A.		10	15	1	4		5		1		4		F.8		Other accounts receivable/payable					N.A.
15	N.A.		8	7	N.A.	3		1		N.A.		3		F.81		Trade credits and advances					N.A.
10	N.A.		2	8	1	1		4		1		1		F.89		Other accounts receivable/payable, excluding trade credits and advances					N.A.
Changes in liabilities and net worth
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15		S.1	Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	Corresponding entries of the		N.A.
N.A.		Transactions and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs		Total economy	Rest of the world account	Goods and services account	Total
B.9		Net lending (+)/net borrowing (-)					-56		-1		-103		174		-4		10	-10	N.A.	0
F		Net incurrence of financial liabilities					139		173		93		15		6		426	57	N.A.	483
F.1		Monetary gold and SDRs					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
F.11		Monetary gold					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
F.12		SDRs					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	0	N.A.	0
F.2		Currency and deposits					N.A.		65		37		N.A.		N.A.		102	-2	N.A.	100
F.21		Currency					N.A.		N.A.		35		N.A.		N.A.		35	1	N.A.	36
F.22		Transferable deposits					N.A.		26		2		N.A.		N.A.		28	0	N.A.	28
F.221		Inter-bank positions					N.A.		-5		N.A.		N.A.		N.A.		-5	N.A.	N.A.	-5
F.229		Other transferable deposits					N.A.		31		2		N.A.		N.A.		33	N.A.	N.A.	33
F.29		Other deposits					N.A.		39		N.A.		N.A.		N.A.		39	-3	N.A.	36
F.3		Debt securities					6		30		38		0		0		74	21	N.A.	95
F.31		Short-term					2		18		4		0		0		24	5	N.A.	29
F.32		Long-term					4		12		34		0		0		50	16	N.A.	66
F.4		Loans					21		0		9		11		6		47	35	N.A.	82
F.41		Short-term					4		0		3		2		2		11	14	N.A.	25
F.42		Long-term					17		0		6		9		4		36	21	N.A.	57
F.5		Equity and investment fund shares					83		22		N.A.		N.A.		N.A.		105	14	N.A.	119
F.51		Equity					83		11		N.A.		N.A.		N.A.		94	9	N.A.	103
F.511		Listed shares					77		7		N.A.		N.A.		N.A.		84	3	N.A.	87
F.512		Unlisted shares					3		4		N.A.		N.A.		N.A.		7	2	N.A.	9
F.519		Other equity					3		N.A.		N.A.		N.A.		N.A.		3	4	N.A.	7
F.52		Investment fund shares/units					N.A.		11		N.A.		N.A.		N.A.		11	5	N.A.	16
F.521		Money market fund shares/units					N.A.		5		N.A.		N.A.		N.A.		5	2	N.A.	7
F.522		Non-MMF investment fund shares/units					N.A.		6		N.A.		N.A.		N.A.		6	3	N.A.	9
F.6		Insurance, pension and standardised guarantee schemes					N.A.		48		0		N.A.		N.A.		48	0	N.A.	48
F.61		Non-life insurance technical reserves					N.A.		7		N.A.		N.A.		N.A.		7	0	N.A.	7
F.62		Life insurance and annuity entitlements					N.A.		22		N.A.		N.A.		N.A.		22	0	N.A.	22
F.63		Pension entitlements					N.A.		11		N.A.		N.A.		N.A.		11	0	N.A.	11
F.64		Claim of pension funds on pension managers					N.A.		3		N.A.		N.A.		N.A.		3	0	N.A.	3
F.65		Entitlements to non-pension benefits					N.A.		2		N.A.		N.A.		N.A.		2	0	N.A.	2
F.66		Provisions for calls under standardised guarantees					N.A.		3		0		N.A.		N.A.		3	0	N.A.	3
F.7		Financial derivatives and employee stock options					3		8		0		0		0		11	3	N.A.	14
F.71		Financial derivatives					2		7		0		0		0		9	3	N.A.	12
F.711		Options					2		2		0		0		0		4	1	N.A.	5
F.712		Forwards					0		5		0		0		0		5	2	N.A.	7
F.72		Employee stock options					1		1		N.A.		N.A.		N.A.		2	N.A.	N.A.	2
F.8		Other accounts receivable/payable					26		N.A.		9		4		N.A.		39	-14	N.A.	25
F.81		Trade credits and advances					6		0		6		4		0		16	-1	N.A.	15
F.89		Other accounts receivable/payable, excluding trade credits and advances					20		0		3		0		0		23	-13	N.A.	10

Other changes in assets account (III.3)

8.52 The other changes in assets account records changes in assets and liabilities of units, other than in connection with saving and voluntary transfers of wealth, the latter being recorded in the capital and financial accounts. It is divided into: the other changes in volume of assets account (III.3.1) and the revaluation account (III.3.2).

Other changes in volume of assets account (III.3.1)

8.53 The movements recorded in the other changes in volume of assets account affect the net worth of the balance sheets of the units, sectors and subsectors concerned. This change, called change in net worth due to other changes in volume of assets, is the balancing item in the account.

Revaluation account (III.3.2)

8.54 The revaluation account records changes in the value of assets and liabilities due to changes in their prices.

For a given asset or liability, this change is measured as either:

the difference between its value at the end of the accounting period and its value at the start of the accounting period or the date on which it was first entered in the balance sheet; or
the difference between its value at the date on which it was written out of the balance sheet and its value at the start of the accounting period or the date on which it was first entered in the balance sheet.

This difference is called 'nominal holding gain (or loss)'.

A nominal holding gain corresponds to the positive revaluation of an asset or the negative revaluation of a (financial) liability.

A nominal holding loss corresponds to the negative revaluation of an asset or the positive revaluation of a (financial) liability.

8.55 The flows recorded in the revaluation account change the net worth of the balance sheets of the units concerned. This change, called 'change in net worth due to nominal holding gains and losses', is the balancing item in the account. It is recorded on the changes in liabilities and net worth side.

8.56 The revaluation account is broken down into two subaccounts: the neutral holding gains and losses account (III.3.2.1) and the real holding gains and losses account (III.3.2.2).

Neutral holding gains and losses account (III.3.2.1)

8.57 The neutral holding gains and losses account records changes in the value of assets and liabilities in proportion to changes in the general price level. Such changes correspond to the revaluation necessary to maintain the general purchasing power of assets and liabilities. The general price index to be applied for this calculation is the price index for final national uses, excluding changes in inventories.

Real holding gains and losses account (III.3.2.2)

8.58 Real holding gains and losses measure the difference between nominal holding gains and losses and neutral holding gains and losses.

8.59 If the nominal holding gains net of the nominal holding losses on a given asset exceed the neutral holding gains net of the neutral holding losses, there is a real holding gain on the >asset for the unit holding it. This gain reflects the fact that the actual price of the asset has, on average, risen faster than the general price level. Conversely, a drop in the relative price of the asset produces a real holding loss for the unit holding it.

By the same token, a rise in the relative price of a liability produces a real holding loss on liabilities, while a drop in the relative price of a liability generates a real holding gain on liabilities.

Export

Table 8.13 - Account III.3.1: other changes in volume of assets account

Changes in assets
Total	S.1 Total economy		S.15 NPISHs	S.14 Households		S.13 General government	S.12 Financial corporations			S.11 Non-financial corporations		N.A.	Other flows
33	33		0	0		7	0			26		K.1	Economic appearance of assets
3	3		N.A.	N.A.		3	N.A.			N.A.		AN.1	Produced non-financial assets
30	30		0	0		4	0			26		AN.2	Non-produced non-financial assets
26	26		N.A.	N.A.		4	N.A.			22		AN.21	Natural resources
4	4		N.A.	N.A.		N.A.	N.A.			4		AN.22	Contracts, leases and licences
0	0		N.A.	N.A.		N.A.	N.A.			N.A.		AN.23	Purchases less sales of goodwill and marketing assets
-11	-11		0	0		-2	0			-9		K.2	Economic disappearance of non-produced assets
-8	-8		0	0		-2	0			-6		K.21	Depletion of natural resources
-8	-8		N.A.	N.A.		-2	N.A.			-6		AN.21	Natural resources
-3	-3		0	0		0	0			-3		K.22	Other economic disappearance of non-produced assets
0	0		N.A.	N.A.		N.A.	N.A.			N.A.		AN.21	Natural resources
-1	-1		N.A.	N.A.		N.A.	N.A.			-1		AN.22	Contracts, leases and licences
-2	-2		N.A.	N.A.		N.A.	N.A.			-2		AN.23	Purchases less sales of goodwill and marketing assets
-11	-11		0	0		-6	0			-5		K.3	Catastrophic losses
-9	-9		N.A.	N.A.		-4	N.A.			-5		AN.1	Produced non-financial assets
-2	-2		N.A.	N.A.		-2	N.A.			N.A.		AN.2	Non-produced non-financial assets
0	0		N.A.	N.A.		N.A.	N.A.			N.A.		AF	Financial assets/liabilities
0	0		0	0		5	0			-5		K.4	Uncompensated seizures
0	0		N.A.	N.A.		1	N.A.			-1		AN.1	Produced non-financial assets
0	0		N.A.	N.A.		4	N.A.			-4		AN.2	Non-produced non-financial assets
0	0		N.A.	N.A.		N.A.	-			N.A.		AF	Financial assets
2	2		0	0		0	1			1		K.5	Other changes in volume n.e.c.
1	1		N.A.	N.A.		N.A.	N.A.			1		AN.1	Produced non-financial assets
0	0		N.A.	N.A.		N.A.	N.A.			N.A.		AN.2	Non-produced non-financial assets
1	1		N.A.	N.A.		N.A.	1			N.A.		AF	Financial assets/liabilities
0	0		0	0		-4	-2			6		K.6	Changes in classification
2	2		0	0		-4	0			6		K.61	Changes in sector classification and structure
0	0		N.A.	N.A.		-3	N.A.			3		AN.1	Produced non-financial assets
0	0		N.A.	N.A.		-1	N.A.			1		AN.2	Non-produced non-financial assets
2	2		N.A.	N.A.		N.A.	N.A.			2		AF	Financial assets/liabilities
-2	-2		0	0		0	-2			0		K.62	Changes in classification of assets and liabilities
-2	-2		N.A.	N.A.		N.A.	-2			N.A.		AN.1	Produced non-financial assets
0	0		N.A.	N.A.		0	0			0		AN.2	Non-produced non-financial assets
0	0		N.A.	N.A.		0	0			0		AF	Financial assets/liabilities
13	13		0	0		0	-1			14		N.A.	Total other changes in volume
-7	-7		0	0		-3	-2			-2		AN.1	Produced non-financial assets
-2	-2		N.A.	N.A.		-3	N.A.			1		AN.11	Fixed assets
-3	-3		N.A.	N.A.		N.A.	N.A.			-3		AN.12	Inventories
-2	-2		N.A.	N.A.		N.A.	-2			N.A.		AN.13	Valuables
17	17		0	0		3	0			14		AN.2	Non-produced non-financial assets
9	9		0	0		1	-2			10		AN.21	Natural resources
6	6		N.A.	N.A.		2	N.A.			4		AN.22	Contracts, leases and licences
0	0		N.A.	N.A.		N.A.	N.A.			0		AN.23	Purchases less sales of goodwill and marketing assets
3	3		0	0		0	1			2		AF	Financial assets
0	0		N.A.	N.A.		N.A.	0			0		AF.1	Monetary gold and SDRs
0	0		N.A.	N.A.		N.A.	0			0		AF.2	Currency and deposits
0	0		N.A.	N.A.		N.A.	0			0		AF.3	Debt securities
N.A.	N.A.		N.A.	N.A.		N.A.	0			0		AF.4	Loans
2	2		N.A.	N.A.		N.A.	N.A.			2		AF.5	Equity and investment fund shares/units
1	1		N.A.	N.A.		N.A.	1			N.A.		AF.6	Insurance, pension and standardised guarantee schemes
0	0		N.A.	N.A.		N.A.	N.A.			N.A.		AF.7	Financial derivatives and employee stock options
0	0		N.A.	N.A.		N.A.	N.A.			N.A.		AF.8	Other accounts receivable/payable
N.A.	N.A.		N.A.	N.A.		N.A.	N.A.			N.A.		B.102	Changes in net worth due to other changes in volume of assets
Changes in liabilities and net worth
N.A.		Other flows			S.11 Non-financial corporations			S.12 Financial corporations	S.13 General government		S.14 Households			S.15 NPISHs	S.1 Total economy	Total	N.A.
K.1		Economic appearance of assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.1		Produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.21		Natural resources			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.22		Contracts, leases and licences			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.23		Purchases less sales of goodwill and marketing assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
K.2		Economic disappearance of non-produced assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
K.21		Depletion of natural resources			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.21		Natural resources			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
K.22		Other economic disappearance of non-produced assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.21		Natural resources			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.22		Contracts, leases and licences			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.23		Purchases less sales of goodwill and marketing assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
K.3		Catastrophic losses			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.1		Produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AF		Financial assets/liabilities			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
K.4		Uncompensated seizures			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.1		Produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AF		Financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
K.5		Other changes in volume n.e.c.			0			0	0		1			0	1	1	N.A.
AN.1		Produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AF		Financial assets/liabilities			0			0	0		1			0	1	1	N.A.
K.6		Changes in classification			0			0	2		0			0	2	2	N.A.
K.61		Changes in sector classification and structure			2			0	2		0			0	2	2	N.A.
AN.1		Produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AF		Financial assets/liabilities			0			0	2		0			0	2	2	N.A.
K.62		Changes in classification of assets and liabilities			0			0	0		0			0	0	0	N.A.
AN.1		Produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AF		Financial assets/liabilities			0			0	0		0			0	0	0	N.A.
N.A.		Total other changes in volume			0			0	2		1			0	3	3	N.A.
AN.1		Produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.11		Fixed assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.12		Inventories			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.13		Valuables			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.21		Natural resources			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.22		Contracts, leases and licences			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AN.23		Purchases less sales of goodwill and marketing assets			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AF		Financial assets			0			0	2		1			0	3	3	N.A.
AF.1		Monetary gold and SDRs			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AF.2		Currency and deposits			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AF.3		Debt securities			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AF.4		Loans			N.A.			N.A.	N.A.		N.A.			N.A.	0	0	N.A.
AF.5		Equity and investment fund shares/units			N.A.			N.A.	2		N.A.			N.A.	2	2	N.A.
AF.6		Insurance, pension and standardised guarantee schemes			N.A.			N.A.	N.A.		1			N.A.	1	1	N.A.
AF.7		Financial derivatives and employee stock options			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
AF.8		Other accounts receivable/payable			N.A.			N.A.	N.A.		N.A.			N.A.	N.A.	N.A.	N.A.
B.102		Changes in net worth due to other changes in volume of assets			14			-1	-2		-1			0	10	10	N.A.

Export

Table 8.14 - Account III.3.2: revaluation account

Changes in assets
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.			N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.			N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.			Other flows
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		K.7			Nominal holding gains/losses
280	N.A.		N.A.	280	8	80		44		4		144		AN			Non-financial assets
126	N.A.		N.A.	126	5	35		21		2		63		AN.1			Produced non-financial assets
111	N.A.		N.A.	111	5	28		18		2		58		AN.11			Fixed assets
7	N.A.		N.A.	7	N.A.	2		1		N.A.		4		AN.12			Inventories
8	N.A.		N.A.	8	N.A.	5		2		N.A.		1		AN.13			Valuables
154	N.A.		N.A.	154	3	45		23		2		81		AN.2			Non-produced non-financial assets
152	N.A.		N.A.	152	3	45		23		1		80		AN.21			Natural resources
2	N.A.		N.A.	2	N.A.	N.A.		N.A.		1		1		AN.22			Contracts, leases and licences
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		AN.23			Purchases less sales of goodwill and marketing assets
91	N.A.		7	84	2	16		1		57		8		AF			Financial assets/liabilities
12	N.A.		N.A.	12	N.A.	N.A.		1		11		N.A.		AF.1			Monetary gold and SDRs
0	N.A.		N.A.	0	N.A.	N.A.		N.A.		N.A.		N.A.		AF.2			Currency and deposits
44	N.A.		4	40	1	6		N.A.		30		3		AF.3			Debt securities
0	N.A.		N.A.	0	N.A.	N.A.		N.A.		N.A.		N.A.		AF.4			Loans
35	N.A.		3	32	1	10		N.A.		16		5		AF.5			Equity and investment fund shares/units
0	N.A.		N.A.	0	N.A.	N.A.		N.A.		N.A.		N.A.		AF.6			Insurance, pension and standardised guarantee schemes
0	N.A.		N.A.	0	N.A.	N.A.		N.A.		N.A.		N.A.		AF.7			Financial derivatives and employee stock options
0	N.A.		N.A.	0	N.A.	N.A.		N.A.		N.A.		N.A.		AF.8			Other accounts receivable/payable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.103			Changes in net worth due to nominal holding gains/losses
Changes in liabilities and net worth
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15	S.1		Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		Corresponding entries of the		N.A.
N.A.		Other flows					Non-financial corporations		Financial corporations		General government		Households		NPISHs	Total economy		Rest of the world account	Goods and services account	Total
K.7		Nominal holding gains and losses					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN		Non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.1		Produced non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.11		Fixed assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.12		Inventories					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.13		Valuables					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.21		Natural resources					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.22		Contracts, leases and licences					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.23		Purchases less sales of goodwill and marketing assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AF		Financial assets/liabilities					18		51		7		0		0	76		15	N.A.	91
AF.1		Monetary gold and SDRs					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		12	N.A.	12
AF.2		Currency and deposits					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AF.3		Debt securities					1		34		7		N.A.		N.A.	42		2	N.A.	44
AF.4		Loans					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AF.5		Equity and investment fund shares/units					17		17		N.A.		N.A.		N.A.	34		1	N.A.	35
AF.6		Insurance, pension and standardised guarantee schemes					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AF.7		Financial derivatives and employee stock options					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AF.8		Other accounts receivable/payable					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
B.103		Changes in net worth due to nominal holding gains/losses					134		10		38		96		10	288		4	N.A.	292

Export

Table 8.14 - Account III.3.2.1: neutral holding gains and losses account

Changes in assets
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.			N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.			N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.			Other flows and balancing items
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		K.71			Neutral holding gains and losses
198	N.A.		N.A.	198	6	56		32		3		101		AN			Non-financial assets
121	N.A.		N.A.	121	5	34		20		2		60		AN.1			Produced non-financial assets
111	N.A.		N.A.	111	5	28		18		2		58		AN.11			Fixed assets
4	N.A.		N.A.	4	N.A.	2		1		N.A.		1		AN.12			Inventories
6	N.A.		N.A.	6	N.A.	4		1		N.A.		1		AN.13			Valuables
77	N.A.		N.A.	77	1	22		12		1		41		AN.2			Non-produced non-financial assets
76	N.A.		N.A.	76	1	22		12		1		40		AN.21			Natural resources
1	N.A.		N.A.	1	N.A.	N.A.		N.A.		N.A.		1		AN.22			Contracts, leases and licences
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		AN.23			Purchases less sales of goodwill and marketing assets
148	N.A.		12	136	3	36		8		71		18		AF			Financial assets/liabilities
16	N.A.		N.A.	16	N.A.	N.A.		2		14		N.A.		AF.1			Monetary gold and SDRs
32	N.A.		2	30	2	17		3		N.A.		8		AF.2			Currency and deposits
28	N.A.		3	25	1	4		N.A.		18		2		AF.3			Debt securities
29	N.A.		1	28	N.A.	N.A.		3		24		1		AF.4			Loans
28	N.A.		2	26	N.A.	9		N.A.		14		3		AF.5			Equity and investment fund shares/units
8	N.A.		1	7	N.A.	5		N.A.		1		1		AF.6			Insurance, pension and standardised guarantee schemes
0	N.A.		N.A.	0	N.A.	N.A.		N.A.		N.A.		N.A.		AF.7			Financial derivatives and employee stock options
7	N.A.		3	4	N.A.	1		N.A.		N.A.		3		AF.8			Other accounts receivable/payable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.1031			Changes in net worth due to neutral holding gains/losses
Changes in liabilities and net worth
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15	S.1		Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		Corresponding entries of the		N.A.
Code		Other flows and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs	Total economy		Rest of the world account	Goods and services account	Total
K.71		Neutral holding gains and losses					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN		Non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.1		Produced non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.11		Fixed assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.12		Inventories					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.13		Valuables					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.21		Natural resources					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.22		Contracts, leases and licences					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.23		Purchases less sales of goodwill and marketing assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AF		Financial assets/liabilities					37		68		13		5		3	126		22	N.A.	148
AF.1		Monetary gold and SDRs					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		16	N.A.	16
AF.2		Currency and deposits					1		26		2		N.A.		1	30		2	N.A.	32
AF.3		Debt securities					1		21		4		N.A.		N.A.	26		2	N.A.	28
AF.4		Loans					18		N.A.		7		3		1	29		N.A.	N.A.	29
AF.5		Equity and investment fund shares/units					14		14		N.A.		N.A.		N.A.	28		N.A.	N.A.	28
AF.6		Insurance, pension and standardised guarantee schemes					N.A.		7		N.A.		N.A.		N.A.	7		1	N.A.	8
AF.7		Financial derivatives and employee stock options					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AF.8		Other accounts receivable/payable					3		N.A.		N.A.		2		1	6		1	N.A.	7
B.1031		Changes in net worth due to neutral holding gains/losses					82		6		27		87		6	208		6	N.A.	214

Export

Table 8.14 - Account III.3.2.2: real holding gains and losses account

Changes in assets
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.			N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.			N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.			Other flows and balancing items
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		K.72			Real holding gains and losses
82	N.A.		N.A.	82	2	24		12		1		43		AN			Non-financial assets
5	N.A.		N.A.	5	0	1		1		0		3		AN.1			Produced non-financial assets
N.A.	N.A.		N.A.	N.A.	0	0		0		0		0		AN.11			Fixed assets
3	N.A.		N.A.	3	0	0		0		0		3		AN.12			Inventories
2	N.A.		N.A.	2	0	1		1		0		0		AN.13			Valuables
77	N.A.		N.A.	77	2	23		11		1		40		AN.2			Non-produced non-financial assets
76	N.A.		N.A.	76	2	23		11		0		40		AN.21			Natural resources
1	N.A.		N.A.	1	0	0		0		1		0		AN.22			Contracts, leases and licences
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		AN.23			Purchases less sales of goodwill and marketing assets
-57	N.A.		-5	-52	-1	-20		-7		-14		-10		AF			Financial assets/liabilities
-4	N.A.		0	-4	0	0		-1		-3		0		AF.1			Monetary gold and SDRs
-32	N.A.		-2	-30	-2	-17		-3		0		-8		AF.2			Currency and deposits
16	N.A.		1	15	0	2		0		12		1		AF.3			Debt securities
-29	N.A.		-1	-28	0	0		-3		-24		-1		AF.4			Loans
7	N.A.		1	6	1	1		0		2		2		AF.5			Equity and investment fund shares/units
-8	N.A.		-1	-7	0	-5		0		-1		-1		AF.6			Insurance, pension and standardised guarantee schemes
N.A.	N.A.		N.A.	N.A.	0	0		0		0		0		AF.7			Financial derivatives and employee stock options
-7	N.A.		-3	-4	0	-1		0		0		-3		AF.8			Other accounts receivable/payable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.1032			Changes in net worth due to real holding gains/losses
Changes in liabilities and net worth
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15	S.1		Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		Corresponding entries of the		N.A.
N.A.		Other flows and balancing items					Non-financial corporations		Financial corporations		General government		Households		NPISHs	Total economy		Rest of the world account	Goods and services account	Total
K.72		Real holding gains and losses					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN		Non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.1		Produced non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.11		Fixed assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.12		Inventories					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.13		Valuables					N.A.		N.A.				N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.21		Natural resources					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.22		Contracts, leases and licences					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AN.23		Purchases less sales of goodwill and marketing assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.		N.A.	N.A.	N.A.
AF		Financial assets/liabilities					-19		-17		-6		-5		-3	-50		-7	N.A.	-57
AF.1		Monetary gold and SDRs					0		0		0		0		0	0		-4	N.A.	-4
AF.2		Currency and deposits					-1		-26		-2		0		-1	-30		-2	N.A.	-32
AF.3		Debt securities					0		13		3		0		0	16		0	N.A.	16
AF.4		Loans					-18		0		-7		-3		-1	-29		0	N.A.	-29
AF.5		Equity and investment fund shares/units					3		3		0		0		0	6		1	N.A.	7
AF.6		Insurance, pension and standardised guarantee schemes					N.A.		-7		N.A.		N.A.		N.A.	-7		-1	N.A.	-8
AF.7		Financial derivatives and employee stock options					0		0		0		0		0	0		0	N.A.	0
AF.8		Other accounts receivable/payable					-3		0		0		-2		-1	-6		-1	N.A.	-7
B.1032		Changes in net worth due to real holding gains/losses					52		4		11		9		4	80		-2	N.A.	78

Balance sheets (IV)

8.60 The aim of the balance sheets is to give a picture of the >assets, liabilities and net worth of units at the start and end of the accounting period and of changes between balance sheets. The sequence is as follows:

opening balance sheet (IV.1);
changes in balance sheet (IV.2);
closing balance sheet (IV.3).

Opening balance sheet (IV.1)

8.61 The opening balance sheet records the value of assets and liabilities held by units at the start of the accounting period.

These items are categorised on the basis of the classification of assets and liabilities.

They are valued at prices current at the start of the accounting period. The difference between assets and liabilities - the balancing item in the account - is the net worth at the start of the accounting period.

Changes in balance sheet (IV.2)

8.62 The changes in balance sheet account records changes in the value of assets and liabilities in the course of the accounting period and aggregates the amounts recorded in the various accumulation accounts, i.e. change in net worth due to saving and capital transfers, change in net worth due to other volume changes in assets and change in net worth due to nominal holding gains and losses.

Closing balance sheet (IV.3)

8.63 The closing balance sheet records the value of assets and liabilities held by units at the end of the accounting period. These items are categorised on the basis of the same classification used in the opening balance sheet and are valued at prices current at the end of the period.

The difference between assets and liabilities is the net worth at the end of the accounting period.

8.64 The value of an asset or liability in the closing balance sheets is equal to the sum of its value in the opening balance sheets and the amount recorded for the said item in the changes in balance sheet account.

Export

Table 8.15 - Account IV.1: balance sheets - opening balance sheet

Assets
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.		N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.		N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.		Stocks and changes in assets
4621	N.A.		N.A.	4621	159	1429		789		93		2151		AN		Non-financial assets
2818	N.A.		N.A.	2818	124	856		497		67		1274		AN.1		Produced non-financial assets
2579	N.A.		N.A.	2579	121	713		467		52		1226		AN.11		Fixed assets
114	N.A.		N.A.	114	1	48		22		N.A.		43		AN.12		Inventories
125	N.A.		N.A.	125	2	95		8		15		5		AN.13		Valuables
1803	N.A.		N.A.	1803	35	573		292		26		877		AN.2		Non-produced non-financial assets
1781	N.A.		N.A.	1781	35	573		286		23		864		AN.21		Natural resources
22	N.A.		N.A.	22	N.A.	N.A.		6		3		13		AN.22		Contracts, leases and licences
0	N.A.		N.A.	0	N.A.	N.A.		N.A.		N.A.		3		AN.23		Purchases less sales of goodwill and marketing assets
9036	N.A.		805	8231	172	3260		396		3421		982		AF		Financial assets/liabilities
770	N.A.		N.A.	770	N.A.	N.A.		80		690		N.A.		AF.1		Monetary gold and SDRs
1587	N.A.		105	1482	110	840		150		N.A.		382		AF.2		Currency and deposits
1388	N.A.		125	1263	25	198		N.A.		950		90		AF.3		Debt securities
1454	N.A.		70	1384	8	24		115		1187		50		AF.4		Loans
2959	N.A.		345	2614	22	1749		12		551		280		AF.5		Equity and investment fund shares/units
496	N.A.		26	470	4	391		20		30		25		AF.6		Insurance, pension and standardised guarantee schemes
21	N.A.		0	21	0	3		0		13		5		AF.7		Financial derivatives and employee stock options
361	N.A.		134	227	3	55		19		N.A.		150		AF.8		Other accounts receivable/payable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.90		Net worth
Liabilities and net worth
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15	S.1	Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	Corresponding entries of the		N.A.
N.A.		Stocks and changes in liabilities					Non-financial corporations		Financial corporations		General government		Households		NPISHs	Total economy	Rest of the world account	Goods and services account	Total
AN		Non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
AN.1		Produced non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
AN.11		Fixed assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
AN.12		Inventories					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
AN.13		Valuables					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
AN.21		Natural resources					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
AN.22		Contracts, leases and licences					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
AN.23		Purchases less sales of goodwill and marketing assets					N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.	N.A.
AF		Financial assets/liabilities					3221		3544		687		189		121	7762	1274	N.A.	9036
AF.1		Monetary gold and SDRs					N.A.		N.A.		N.A.		N.A.		N.A.	0	770	N.A.	770
AF.2		Currency and deposits					40		1281		102		10		38	1471	116	N.A.	1587
AF.3		Debt securities					44		1053		212		2		N.A.	1311	77	N.A.	1388
AF.4		Loans					897		N.A.		328		169		43	1437	17	N.A.	1454
AF.5		Equity and investment fund shares/units					1987		765		4		N.A.		N.A.	2756	203	N.A.	2959
AF.6		Insurance, pension and standardised guarantee schemes					12		435		19		N.A.		5	471	25	N.A.	496
AF.7		Financial derivatives and employee stock options					4		10		N.A.		N.A.		N.A.	14	7	N.A.	21
AF.8		Other accounts receivable/payable					237		N.A.		22		8		35	302	59	N.A.	361
B.90		Net worth					-88		-30		498		4500		210	5090	-469	N.A.	4621

Export

Table 8.15 - Account IV.2: balance sheets - changes in balance sheet

Changes in assets
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13		S.12		S.11		N.A.		N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		N.A.		N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government		Financial corporations		Non-financial corporations		N.A.		Stocks and change in assets
482	N.A.		N.A.	482	11	115		57		-4		301		AN		Non-financial assets
294	N.A.		N.A.	294	7	67		29		-4		195		AN.1		Produced non-financial assets
246	N.A.		N.A.	246	7	53		23		-2		165		AN.11		Fixed assets
32	N.A.		N.A.	32	0	4		1		0		27		AN.12		Inventories
16	N.A.		N.A.	16	0	10		5		-2		3		AN.13		Valuables
186	N.A.		N.A.	186	4	48		28		0		106		AN.2		Non-produced non-financial assets
178	N.A.		N.A.	178	4	48		26		-1		101		AN.21		Natural resources
8	N.A.		N.A.	8	0	0		2		1		5		AN.22		Contracts, leases and licences
0	N.A.		N.A.	0	0	0		0		0		0		AN.23		Purchases less sales of goodwill and marketing assets
577	N.A.		54	523	4	205		-9		230		93		AF		Financial assets/liabilities
12	N.A.		1	11	0	0		1		10		0		AF.1		Monetary gold and SDRs
100	N.A.		11	89	2	64		-26		10		39		AF.2		Currency and deposits
139	N.A.		13	126	0	16		4		96		10		AF.3		Debt securities
82	N.A.		4	78	0	3		3		53		19		AF.4		Loans
156	N.A.		15	141	1	76		3		44		17		AF.5		Equity and investment fund shares/units
49	N.A.		0	49	0	39		1		8		1		AF.6		Insurance, pension and standardised guarantee schemes
14	N.A.		0	14	0	3		0		8		3		AF.7		Financial derivatives and employee stock options
25	N.A.		10	15	1	4		5		1		4		AF.8		Other accounts receivable/payable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.10		Changes in net worth, due to
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.101		Saving and capital transfer
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.102		Other changes in volume of assets
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.103		Nominal holding gains/losses
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.1031		Neutral holding gains/losses
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.		N.A.		N.A.		B.1032		Real holding gains/losses
Changes in liabilities and net worth
N.A.		N.A.					S.11		S.12		S.13		S.14		S.15		S.1	Corresponding entries of the		N.A.
N.A.		N.A.					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	Corresponding entries of the		N.A.
N.A.		Stocks and changes in liabilities					Non-financial corporations		Financial corporations		General government		Households		NPISHs		Total economy	Rest of the world account	Goods and services account	Total
AN		Non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.1		Produced non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.11		Fixed assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.12		Inventories					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.13		Valuables					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.21		Natural resources					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.22		Contracts, leases and licences					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.23		Purchases less sales of goodwill and marketing assets					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AF		Financial assets/liabilities					157		224		102		16		6		505	72	N.A.	577
AF.1		Monetary gold and SDRs					N.A.		N.A.		N.A.		N.A.		N.A.		N.A.	12	N.A.	12
AF.2		Currency and deposits					0		65		37		0		0		102	-2	N.A.	100
AF.3		Debt securities					7		64		45		0		0		116	23	N.A.	139
AF.4		Loans					21		0		9		11		6		47	35	N.A.	82
AF.5		Equity and investment fund shares/units					100		39		2		0		0		141	15	N.A.	156
AF.6		Insurance, pension and standardised guarantee schemes					0		48		0		1		0		49	0	N.A.	49
AF.7		Financial derivatives and employee stock options					3		8		0		0		0		11	3	N.A.	14
AF.8		Other accounts receivable/payable					26		0		9		4		0		39	-14	N.A.	25
B.10		Changes in net worth, due to					237		2		-54		304		9		500	-6	N.A.	494
B.101		Saving and capital transfer					88		-5		90		210		-1		202	-10	N.A.	192
B.102		Other changes in volume of assets					14		-1		-2		-1		0		10	N.A.	N.A.	10
B.103		Nominal holding gains/losses					134		10		38		96		10		288	4	N.A.	292
B.1031		Neutral holding gains/losses					82		6		27		87		6		208	6	N.A.	214
B.1032		Real holding gains/losses					52		4		11		9		4		80	-2	N.A.	78

Export

Table 8.15 - Account IV.3: balance sheets - closing balance sheet

Assets
N.A.	Corresponding entries of the			S.1	S.15	S.14		S.13	S.12		S.11			N.A.		N.A.
N.A.	Corresponding entries of the			N.A.	N.A.	N.A.		N.A.	N.A.		N.A.			N.A.		N.A.
Total	Goods and Services account		Rest of the world account	Total economy	NPISHs	Households		General government	Financial corporations		Non-financial corporations			N.A.		Stocks and changes in assets
5101	N.A.		N.A.	5101	170	1544		846	89		2452			AN		Non-financial assets
3112	N.A.		N.A.	3112	131	923		526	63		1469			AN.1		Produced non-financial assets
2825	N.A.		N.A.	2825	128	766		490	50		1391			AN.11		Fixed assets
146	N.A.		N.A.	146	1	52		23	0		70			AN.12		Inventories
141	N.A.		N.A.	141	2	105		13	13		8			AN.13		Valuables
1989	N.A.		N.A.	1989	39	621		320	26		983			AN.2		Non-produced non-financial assets
1959	N.A.		N.A.	1959	39	621		312	22		965			AN.21		Natural resources
30	N.A.		N.A.	30	0	0		8	4		18			AN.22		Contracts, leases and licences
3	N.A.		N.A.	0	0	0		0	0		0			AN.23		Purchases less sales of goodwill and marketing assets
9613	N.A.		859	8754	176	3465		387	3651		1075			AF		Financial assets/liabilities
782	N.A.		1	781	0	0		81	700		0			AF.1		Monetary gold and SDRs
1687	N.A.		116	1571	112	904		124	10		421			AF.2		Currency and deposits
1527	N.A.		138	1389	25	214		4	1046		100			AF.3		Debt securities
1536	N.A.		74	1462	8	27		118	1240		69			AF.4		Loans
3115	N.A.		360	2755	23	1825		15	595		297			AF.5		Equity and investment fund shares/units
545	N.A.		26	519	4	430		21	38		26			AF.6		Insurance, pension and standardised guarantee schemes
35	N.A.		N.A.	35	0	6		0	21		8			AF.7		Financial derivatives and employee stock options
386	N.A.		144	242	4	59		24	1		154			AF.8		Other accounts receivable/payable
N.A.	N.A.		N.A.	N.A.	N.A.	N.A.		N.A.	N.A.		N.A.			B.90		Net worth
Liabilities and net worth
N.A.		N.A.					S.11			S.12		S.13	S.14		S.15		S.1	Corresponding entries of the		N.A.
N.A.		N.A.					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	Corresponding entries of the		N.A.
N.A.		Other flows and balancing items					Non-financial corporations			Financial corporations		General government	Households		NPISHs		Total economy	Rest of the world account	Goods and services account	Total
AN		Non-financial assets					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.1		Produced non-financial assets					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.11		Fixed assets					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.12		Inventories					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.13		Valuables					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.2		Non-produced non-financial assets					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.21		Natural resources					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.22		Contracts, leases and licences					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AN.23		Purchases less sales of goodwill and marketing assets					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	N.A.	N.A.	N.A.
AF		Financial assets/liabilities					3378			3768		789	205		127		8267	1346	N.A.	9613
AF.1		Monetary gold and SDRs					N.A.			N.A.		N.A.	N.A.		N.A.		N.A.	782	N.A.	782
AF.2		Currency and deposits					40			1346		139	10		38		1573	114	N.A.	1687
AF.3		Debt securities					51			1117		257	2		0		1427	100	N.A.	1527
AF.4		Loans					918			0		337	180		49		1484	52	N.A.	1536
AF.5		Equity and investment fund shares/units					2087			804		6	0		0		2897	218	N.A.	3115
AF.6		Insurance, pension and standardised guarantee schemes					12			483		19	1		5		520	25	N.A.	545
AF.7		Financial derivatives and employee stock options					7			18		0	0		0		25	10	N.A.	35
AF.8		Other accounts receivable/payable					263			0		31	12		35		341	45	N.A.	386
B.90		Net worth					149			-28		444	4804		219		5590	-475	N.A.	5115

Rest of the world accounts (V)

8.65 The rest of the world accounts record transactions between resident and non-resident units. The rest of the world does not constitute an institutional sector as such, but in the structure of the system it plays a similar role.

8.66 The sequence of >rest of the world accounts follows the same general pattern as the institutional sector accounts, i.e.:

current accounts,
accumulation accounts,
balance sheets.

8.67 The accounts listed in points (a) to (c) of paragraph 8.66 are drawn up from the point of view of the rest of the world. Thus, what is a resource for the rest of the world is a use for the total economy and vice versa. By the same token, a financial asset held by the rest of the world is a liability for the total economy and vice versa). An exception is gold bullion held as reserve Currents, which despite having no counterpart liability, are recorded in the financial account because of their role in international payments.

Current accounts

External account of goods and services (V.I)

8.68 Imports of goods and services are recorded on the resources side of the account and exports of goods and services on the uses side. The difference between resources and uses is the balancing item in the account, called 'external balance of goods and services'. If it is positive, there is a surplus for the rest of the world and a deficit for the total economy and vice versa if it is negative.

8.69 Imports and exports are both valued at the customs frontier of the exporting country. For exports, the values will be collected at prices which are 'free on board' (FOB). The import values will be collected at prices including 'carriage, insurance and freight' (CIF) incurred between the country of origin and the importing country i.e. on a CIF basis. In order to reduce the import value to a free on board basis reflecting the value at the frontier of the country of origin, the CIF element must be subtracted from the goods value measured at the point of entry of the importing country. This CIF element is then allocated to the appropriate service activities, either as imports in the case of non-resident units, and domestic output in the case of resident units providing these services.

When transport and insurance services included in the FOB value of imports of goods (i.e. between the factory and the border of the country of export) are provided by resident units, they must be included in the value of exports of services by the economy importing the goods. Conversely, when transport and insurance services included in the FOB value of exports of goods are provided by non-resident units they must be included in the value of imports of services by the economy exporting the goods.

External account of primary incomes and current transfers (V.II)

8.70 The purpose of the external account of primary incomes and current transfers is to determine the current external balance, which, in the structure of the system, corresponds to saving by the institutional sectors. This account is a condensed version of the sequence, for an institutional sector, extending from the allocation of primary income account to the use of income account.

8.71 On the resources side, the external account of primary incomes and current transfers shows the external balance of goods and services. It also records, on the resources or uses side, all distributive transactions which may involve the rest of the world, apart from capital transfers.

External accumulation accounts (V.III)

Capital account (V.III.1)

8.72 The rest of the world capital account records acquisitions less disposals of non-produced assets by non-resident units and measures the changes in net worth due to current external balance and capital transfers.

8.73 The balancing item of the capital account is the net lending or borrowing of the rest of the world. It is equal, but has the opposite sign, to the sum of the net lending or borrowing of the resident institutional sectors.

Financial account (V.III.2)

8.74 The layout of the rest of the world financial account is identical to that of the institutional sectors' financial account.

Other changes in assets account (V.III.3)

8.75 As for the institutional sectors, the changes in net worth due to other changes in volume of assets and due to nominal holding gains and losses are determined successively, holding gains and losses themselves being broken down into neutral and real holding gains and losses.

8.76 The absence of produced assets in the accumulation accounts and balance sheets of the rest of the world is due to the convention whereby a notional institutional unit is created, the rest of the world being deemed to have acquired a financial Current - and vice versa for assets held in other economies by resident units.

Balance sheets (V.IV)

8.77 The balance sheets of the rest of the world contain financial assets and liabilities. On the assets side, they also record the total acquisitions less disposals between non-resident and resident units of monetary gold and SDRs.

Table 8.16 - Full sequence of accounts for the rest of the world (external transactions account)

Export

V.I: external account of goods and services

Uses			Resources
P.6	Exports of goods and services	540	P.7	Imports of goods and services	499
P.61	Exports of goods	462	P.71	Imports of goods	392
P.62	Exports of services	78	P.72	Imports of services	107
B.11	External balance of goods and services	-41	N.A.	N.A.	N.A.

Export

V.II: external account of primary incomes and current transfers

Uses			Resources
D.1	Compensation of employees	6	B.11	External balance of goods and services	-41
D.11	Wages and salaries	6	N.A.	N.A.	N.A.
N.A.	N.A.	N.A.	D.1	Compensation of employees	2
D.2	Taxes on production and imports	0	D.11	Wages and salaries	2
D.21	Taxes on products	0	D.12	Employers' social contributions	0
D.211	Value added type taxes (VAT)	0	D.121	Employers' actual social contributions	0
D.212	Taxes and duties on imports excl. VAT	0	D.122	Employers' imputed social contributions	0
D.2121	Import duties	0	N.A.	N.A.	N.A.
D.2122	Taxes on imports excluding VAT and duties	0	D.2	Taxes on production and imports	N.A.
D.214	Taxes on products except VAT and import taxes	N.A.	D.21	Taxes on products	0
D.29	Other taxes on production	0	D.211	Value added type taxes (VAT)	0
N.A.	N.A.	N.A.	D.212	Taxes and duties on imports excluding VAT	0
D.3	Subsidies	0	D.2121	Import duties	0
D.31	Subsidies on products	0	D.2122	Taxes on imports excluding VAT and duties	0
D.311	Import subsidies	0	D.214	Taxes on products except VAT and import taxes	0
D.319	Other subsidies on products	0	N.A.	N.A.	N.A.
D.39	Other subsidies on production	0	D.29	Other taxes on production	0
D.4	Property income	44	D.3	Subsidies	0
D.41	Interest	13	D.31	Subsidies on products	0
D.42	Distributed income of corporations	17	D.311	Import subsidies	0
D.421	Dividends	13	D.319	Other subsidies on products	0
D.422	Withdrawals from income of quasi-corporations	4	D.39	Other subsidies on production	0
D.43	Reinvested earnings on foreign direct investment	14	N.A.	N.A.	N.A.
D.44	Other investment income	0	D.4	Property income	38
N.A.	N.A.	N.A.	D.41	Interest	21
N.A.	Current transfers	17	D.42	Distributed income of corporations	17
D.5	Current taxes on income, wealth, etc.	1	D.421	Dividends	14
D.51	Taxes on income	1	D.422	Withdrawals from income of quasi-corporations	3
D.59	Other current taxes	0	D.43	Reinvested earnings on foreign direct investment	0
D.61	Net social contributions	0	D.44	Other investment income	0
D.611	Employers' actual social contributions	0	N.A.	N.A.	N.A.
D.6111	Employers' actual pension contributions	0	N.A.	Current transfers	55
D.6112	Employers' actual non-pension contributions	0	D.5	Current taxes on income, wealth, etc.	0
D.612	Employers' imputed social contributions	0	D.51	Taxes on income	0
D.6121	Employers' imputed pension contributions	0	D.59	Other current taxes	N.A.
D.6122	Employers' imputed non-pension contributions	0	D.61	Net social contributions	0
D.613	Households' actual social contributions	0	D.611	Employers' actual social contributions	0
D.6131	Households' actual pension contributions	0	D.6111	Employers' actual pension contributions	0
D.6132	Households' actual non-pension contributions	0	D.6112	Employers' actual non-pension contributions	0
D.614	Households' social contribution supplements	0	D.612	Employers' imputed social contributions	0
D.6141	Households' pension contribution supplements	0	D.6121	Employers' imputed pension contributions	0
D.6142	Households' non-pension contribution supplements	0	D.6122	Employers' imputed non-pension contributions	0
D.61SC	Social insurance scheme service charges	0	D.613	Households' actual social contributions	0
D.62	Social benefits other than social transfers in kind	0	D.6131	Households' actual pension contributions	0
D.621	Social security benefits in cash	0	D.6132	Households' actual non-pension contributions	0
D.6211	Social security pension benefits in cash	0	D.614	Households' social contribution supplements	0
D.6212	Social security non-pension benefits cash	0	D.6141	Households' pension contribution supplements	0
D.622	Other social insurance benefits	0	D.6142	Households' non-pension contribution supplements	0
D.6221	Other social insurance pension benefits	0	D.61SC	Social insurance scheme service charges	0
D.6222	Other social insurance non-pension benefits	0	D.62	Social benefits other than social transfers in kind	0
D.623	Social assistance benefits in cash	N.A.	D.621	Social security benefits in cash	0
D.7	Other current transfers	16	D.6211	Social security pension benefits in cash	0
D.71	Net non-life insurance premiums	2	D.6212	Social security non-pension benefits in cash	0
D.711	Net non-life direct insurance premiums	1	D.622	Other social insurance benefits	0
D.712	Net non-life reinsurance premiums	1	D.6221	Other social insurance pension benefits	0
D.72	Non-life insurance claims	12	D.6222	Other social insurance non-pension benefits	0
D.721	Non-life direct insurance claims	0	D.623	Social assistance benefits in cash	0
D.722	Non-life reinsurance claims	12	D.7	Other current transfers	55
D.73	Current transfers within general government	0	D.71	Net non-life insurance premiums	11
D.74	Current international cooperation	1	D.711	Net non-life direct insurance premiums	0
D.75	Miscellaneous current transfers	1	D.712	Net non-life reinsurance premiums	11
D.751	Current transfers to NPISHs	0	D.72	Non-life insurance claims	3
D.752	Current transfers between households	1	D.721	Non-life direct insurance claims	3
D.759	Other miscellaneous current transfers	0	D.722	Non-life reinsurance claims	0
N.A.	N.A.	N.A.	D.73	Current transfers within general government	0
D.8	Adjustment for the change in pension entitlements	0	D.74	Current international cooperation	22
N.A.	N.A.	N.A.	D.75	Miscellaneous current transfers	10
N.A.	N.A.	N.A.	D.751	Current transfers to NPISHs	0
N.A.	N.A.	N.A.	D.752	Current transfers between households	7
N.A.	N.A.	N.A.	D.759	Other miscellaneous current transfers	3
N.A.	N.A.	N.A.	D.76	VAT- and GNI-based EU own resources	9
N.A.	N.A.	N.A.	D.8	Adjustment for the change in pension entitlements	0
B.12	Current external balance	-13	N.A.	N.A.	N.A.

Export

V.III: accumulation accounts

V.III.1: capital accounts
V.III.1.1: change in net worth due to current external balance and capital transfers account
Changes in assets										Changes in liabilities and net worth											N.A.
N.A.			N.A.		N.A.					B.12				Current external balance				-13			N.A.
N.A.			N.A.		N.A.					D.9r				Capital transfers, receivable				4			N.A.
N.A.			N.A.		N.A.					D.91r				Capital taxes, receivable				N.A.			N.A.
N.A.			N.A.		N.A.					D.92r				Investment grants, receivable				4			N.A.
N.A.			N.A.		N.A.					D.99r				Other capital transfers, receivable				N.A.			N.A.
N.A.			N.A.		N.A.					D.9p				Capital transfers, payable				-1			N.A.
N.A.			N.A.		N.A.					D.91p				Capital taxes, payable				N.A.			N.A.
N.A.			N.A.		N.A.					D.92p				Investment grants, payable				N.A.			N.A.
N.A.			N.A.		N.A.					D.99p				Other capital transfers, payable				-1			N.A.
B.101			Changes in net worth due to current external balance and capital transfers		-10					N.A.				N.A.				N.A.			N.A.
V.III.1.2: acquisition of non-financial assets
Changes in assets												Changes in liabilities and net worth
N.A.	N.A.					N.A.					N.A.				N.A.					N.A.
NP	Acquisitions less disposals of non-produced assets					0					B.101				Changes in net worth due to current external balance and capital transfers					-10
NP.1	Acquisitions less disposals of natural resources					0					N.A.				N.A.					N.A.
NP.2	Acquisitions less disposals of contracts, Leases and licences					0					N.A.				N.A.					N.A.
NP.3	Purchases less sales of goodwill and marketing assets					0					N.A.				N.A.					N.A.
B.9	Net lending (+)/net borrowing (-)					-10					N.A.				N.A.					N.A.
V.III.2: financial account
Changes in assets												Changes in liabilities and net worth
F			Net acquisition of financial assets				47					F					Net acquisition of financial assets					57
F.1			Monetary gold and SDRs				1					F.1					Monetary gold and SDRs					N.A.
F.11			Monetary gold				1					F.11					Monetary gold					N.A.
F.12			SDRs				0					F.12					SDRs					0
F.2			Currency and deposits				11					F.2					Currency and deposits					-2
F.21			Currency				3					F.21					Currency					1
F.22			Transferable deposits				2					F.22					Transferable deposits					0
F.221			Inter-bank positions				N.A.					F.221					Inter-bank positions					N.A.
F.229			Other transferable deposits				2					F.229					Other transferable deposits					N.A.
F.29			Other deposits				6					F.29					Other deposits					-3
F.3			Debt securities				9					F.3					Debt securities					21
F.31			Short-term				2					F.31					Short-term					5
F.32			Long-term				7					F.32					Long-term					16
F.4			Loans				4					F.4					Loans					35
F.41			Short-term				3					F.41					Short-term					14
F.42			Long-term				1					F.42					Long-term					21
F.5			Equity and investment fund shares				12					F.5					Equity and investment fund shares					14
F.51			Equity				12					F.51					Equity					9
F.511			Listed shares				10					F.511					Listed shares					3
F.512			Unlisted shares				2					F.512					Unlisted shares					2
F.519			Other equity				0					F.519					Other equity					4
F.52			Investment fund shares/units				0					F.52					Investment fund shares/units					5
F.521			MMF shares/units				0					F.521					MMF shares/units					2
F.522			Non-MMF investment fund shares/units				0					F.522					Non-MMF investment fund shares/units					3
F.6			Insurance, pension and standardised guarantee schemes				0					F.6					Insurance, pension and standardised guarantee schemes					0
F.61			Non-life insurance technical reserves				0					F.61					Non-life insurance technical reserves					0
F.62			Life insurance and annuity entitlements				0					F.62					Life insurance and annuity entitlements					0
F.63			Pension entitlements				0					F.63					Pension entitlements					0
F.64			Claim of pension funds on pension managers				0					F.64					Claim of pension funds on pension managers					0
F.65			Entitlements to non-pension benefits				0					F.65					Entitlements to non-pension benefits					0
F.66			Provisions for calls under standardised guarantees				0					F.66					Provisions for calls under standardised guarantees					0
F.7			Financial derivatives and employee stock options				0					F.7					Financial derivatives and employee stock options					3
F.71			Financial derivatives				0					F.71					Financial derivatives					3
F.711			Options				0					F.711					Options					1
F.712			Forwards				0					F.712					Forwards					2
F.72			Employee stock options				N.A.					F.72					Employee stock options					N.A.
F.8			Other accounts receivable/payable				10					F.8					Other accounts receivable/payable					-14
F.81			Trade credits and advances				8					F.81					Trade credits and advances					-1
F.89			Other accounts receivable/payable, excluding trade credits and advances				2					F.89					Other accounts receivable/payable, excluding trade credits and advances					-13
V.III.3: other changes in assets accounts V.III.3.1: other changes in volume of assets account
N.A.			Other flows				N.A.						N.A.			N.A.			N.A.
K.1			Economic appearance of assets				0						K.1			Economic appearance of assets			0
AN.1			Produced non-financial assets				0						AN.1			Produced non-financial assets			0
AN.2			Non-produced non-financial assets				0						AN.2			Non-produced non-financial assets			0
AN.21			Natural resources				0						AN.21			Natural resources			0
AN.22			Contracts, leases and licences				0						AN.22			Contracts, leases and licences			0
AN.23			Purchases less sales of goodwill and marketing assets				0						AN.23			Purchases less sales of goodwill and marketing assets			0
K.2			Economic disappearance of non-produced assets				0						K.2			Economic disappearance of non-produced assets			0
K.21			Depletion of natural resources				0						K.21			Depletion of natural resources			0
AN.21			Natural resources				0						AN.21			Natural resources			0
K.22			Other economic disappearance of non-produced assets				0						K.22			Other economic disappearance of non-produced assets			0
AN.21			Natural resources				0						AN.21			Natural resources			0
AN.22			Contracts, leases and licences				0						AN.22			Contracts, leases and licences			0
AN.23			Purchases less sales of goodwill and marketing assets				0						AN.23			Purchases less sales of goodwill and marketing assets			0
K.3			Catastrophic losses				0						K.3			Catastrophic losses			0
AN.1			Produced non-financial assets				0						AN.1			Produced non-financial assets			0
AN.2			Non-produced non-financial assets				0						AN.2			Non-produced non-financial assets			0
AF			Financial assets/liabilities				0						AF			Financial assets/liabilities			0
K.4			Uncompensated seizures				0						K.4			Uncompensated seizures			0
AN.1			Produced non-financial assets				0						AN.1			Produced non-financial assets			0
AN.2			Non-produced non-financial assets				0						AN.2			Non-produced non-financial assets			0
AF			Financial assets				0						AF			Financial assets			0
K.5			Other changes in volume n.e.c.				0						K.5			Other changes in volume n.e.c.			0
AN.1			Produced non-financial assets				0						AN.1			Produced non-financial assets			0
AN.2			Non-produced non-financial assets				0						AN.2			Non-produced non-financial assets			0
AF			Financial assets/liabilities				0						AF			Financial assets/liabilities			0
K.6			Changes in classification				0						K.6			Changes in classification			0
K.61			Changes in sector classification and structure				0						K.61			Changes in sector classification and structure			0
AN.1			Produced non-financial assets				0						AN.1			Produced non-financial assets			0
AN.2			Non-produced non-financial assets				0						AN.2			Non-produced non-financial assets			0
AF			Financial assets/liabilities				0						AF			Financial assets/liabilities			0
K.62			Changes in classification of assets and liabilities				0						K.62			Changes in classification of assets and liabilities			0
AN.1			Produced non-financial assets				0						AN.1			Produced non-financial assets			0
AN.2			Non-produced non-financial assets				0						AN.2			Non-produced non-financial assets			0
AF			Financial assets/liabilities				0						AF			Financial assets/liabilities			0
N.A.			Total other changes in volume				0						N.A.			Total other changes in volume			0
AN.1			Produced non-financial assets				0						AN.1			Produced non-financial assets			0
AN.11			Fixed assets				0						AN.11			Fixed assets			0
AN.12			Inventories				0						AN.12			Inventories			0
AN.13			Valuables				0						AN.13			Valuables			0
AN.2			Non-produced non-financial assets				0						AN.2			Non-produced non-financial assets			0
AN.21			Natural resources				0						AN.21			Natural resources			0
AN.22			Contracts, leases and licences				0						AN.22			Contracts, leases and licences			0
AN.23			Purchases less sales of goodwill and marketing assets				0						AN.23			Purchases less sales of goodwill and marketing assets			0
AF			Financial assets				0						AF			Financial assets			0
AF.1			Monetary gold and SDRs				0						AF.1			Monetary gold and SDRs			0
AF.2			Currency and deposits				0						AF.2			Currency and deposits			0
AF.3			Debt securities				0						AF.3			Debt securities			0
AF.4			Loans				0						AF.4			Loans			0
AF.5			Equity and investment fund shares/units				0						AF.5			Equity and investment fund shares/units			0
AF.6			Insurance, pension and standardised guarantee schemes				0						AF.6			Insurance, pension and standardised guarantee schemes			0
AF.7			Financial derivatives and employee stock options				0						AF.7			Financial derivatives and employee stock options			0
AF.8			Other accounts receivable/payable				0						AF.8			Other accounts receivable/payable			0
N.A.			Changes in net worth due to other changes in volume of assets				0						N.A.			Changes in net worth due to other changes in volume of assets			0
V.III.3: other changes in assets accounts V.III.3.2: revaluation account
Changes in assets												Changes in liabilities and net worth
K.7		Nominal holding gains (+)/losses (-)							N.A.				K.7				Nominal holding gains (+)/losses (-)
AN.2		Non-produced non-financial assets							N.A.				AF				Financial assets/liabilities						15
AN.21		Natural resources							N.A.				AF.1				Monetary gold and SDRs						12
AN.22		Contracts, leases and licences							N.A.				AF.2				Currency and deposits						0
AN.23		Purchases less sales of goodwill and marketing assets							N.A.				AF.3				Debt securities						2
AF		Financial assets							7				AF.4				Loans						0
AF.1		Monetary gold and SDRs							0				AF.5				Equity and investment fund shares/units						1
AF.2		Currency and deposits							N.A.				AF.6				Insurance, pension and standardised guarantee schemes						0
AF.3		Debt securities							4				AF.7				Financial derivatives and employee stock options						0
AF.4		Loans							0				AF.8				Other accounts payable						0
AF.5		Equity and investment fund shares/units							3				N.A.				N.A.						N.A.
AF.6		Insurance, pension and standardised guarantee schemes							0				N.A.				N.A.						N.A.
AF.7		Financial derivatives and employee stock options							0				N.A.				N.A.						N.A.
AF.8		Other accounts receivable							0				N.A.				N.A.						N.A.
N.A.		N.A.							N.A.				B.103				Changes in net worth due to nominal holding gains/losses						4
V.III.3.2.1: neutral holding gains/losses account
Changes in assets												Changes in liabilities and net worth
K.71				Neutral holding gains (+)/losses (-)				N.A.				K.71					Neutral holding gains (+)/losses (-)						N.A.
AN.2				Non-produced non-financial assets				N.A.				AF					Financial assets						22
AN.21				Natural resources				N.A.				AF.1					Monetary gold and SDRs						16
AN.22				Contracts, leases and licences				N.A.				AF.2					Currency and deposits						2
AN.23				Purchases less sales of goodwill and marketing assets				N.A.				AF.3					Debt securities						2
AF				Financial assets				12				AF.4					Loans						0
AF.1				Monetary gold and SDRs				N.A.				AF.5					Equity and investment fund shares/units						0
AF.2				Currency and deposits				2				AF.6					Insurance, pension and standardised guarantee schemes						1
AF.3				Debt securities				3				AF.7					Financial derivatives and employee stock options						0
AF.4				Loans				1				AF.8					Other accounts payable						1
AF.5				Equity and investment fund shares/units				2				N.A.					N.A.						N.A.
AF.6				Insurance, pension and standardised guarantee schemes				1				N.A.					N.A.						N.A.
AF.7				Financial derivatives and employee stock options				0				N.A.					N.A.						N.A.
AF.8				Other accounts receivable				3				N.A.					N.A.						N.A.
N.A.				N.A.				N.A.				B.1031					Changes in net worth due to neutral holding gains/losses						6
V.III.3.2.2: real holding gains/losses account
Changes in assets												Changes in liabilities and net worth
K.72				Real holding gains (+)/losses (-)				N.A.				K.72					Real holding gains (+)/losses (-)						N.A.
AN.2				Non-produced non-financial assets				N.A.				AF					Financial assets						-7
AN.21				Natural resources				N.A.				AF.1					Monetary gold and SDRs						-4
AN.22				Contracts, leases and licences				N.A.				AF.2					Currency and deposits						-2
AN.23				Purchases less sales of goodwill and marketing assets				N.A.				AF.3					Debt securities						0
AF				Financial assets				-5				AF.4					Loans						0
AF.1				Monetary gold and SDRs				0				AF.5					Equity and investment fund shares/units						1
AF.2				Currency and deposits				-2				AF.6					Insurance, pension and standardised guarantee schemes						-1
AF.3				Debt securities				1				AF.7					Financial derivatives and employee stock options						0
AF.4				Loans				-1				AF.8					Other accounts payable						-1
AF.5				Equity and investment fund shares/units				1				N.A.					N.A.						N.A.
AF.6				Insurance, pension and standardised guarantee schemes				-1				N.A.					N.A.						N.A.
AF.7				Financial derivatives and employee stock options				N.A.				N.A.					N.A.						N.A.
AF.8				Other accounts receivable				-3				N.A.					N.A.						N.A.
N.A.				N.A.				N.A.				B.1032					Changes in net worth due to real holding gains/losses						-2

Export

V.IV: external assets and liabilities account

V.IV.1: opening balance sheet
Assets						Liabilities and net worth
AN		Non-financial assets	0			AF	Financial liabilities	1274
AN.2		Non-produced non-financial assets	0			AF.1	Monetary gold and SDRs	770
AN.21		Natural resources	0			AF.2	Currency and deposits	116
AN.22		Contracts, leases and licences	0			AF.3	Debt securities	77
AN.23		Purchases less sales of goodwill and marketing assets	0			AF.4	Loans	17
N.A.		N.A.	N.A.			AF.5	Equity and investment fund shares/units	203
AF		Financial assets	805			AF.6	Insurance, pension and standardised guarantee schemes	25
AF.1		Monetary gold and SDRs	N.A.			AF.7	Financial derivatives and employee stock options	7
AF.2		Currency and deposits	105			AF.8	Other accounts payable	59
AF.3		Debt securities	125			N.A.	N.A.	N.A.
AF.4		Loans	70			N.A.	N.A.	N.A.
AF.5		Equity and investment fund shares/units	345			N.A.	N.A.	N.A.
AF.6		Insurance, pension and standardised guarantee schemes	26			N.A.	N.A.	N.A.
AF.7		Financial derivatives and employee stock options	0			N.A.	N.A.	N.A.
AF.8		Other accounts receivable	134			N.A.	N.A.	N.A.
N.A.		N.A.	N.A.			B.90	Net worth	-469
V.IV.2: changes in balance sheet
Changes in assets				Changes in liabilities and net worth
AN	Non-financial assets		N.A.	AF		Financial liabilities		1346
AN.2	Non-produced non-financial assets		N.A.	AF.1		Monetary gold and SDRs		12
AN.21	Natural resources		N.A.	AF.2		Currency and deposits		-2
AN.22	Contracts, leases and licences		N.A.	AF.3		Debt securities		23
AN.23	Purchases less sales of goodwill and marketing assets		N.A.	AF.4		Loans		35
N.A.	N.A.		N.A.	AF.5		Equity and investment fund shares/units		15
AF	Financial assets		54	AF.6		Insurance, pension and standardised guarantee schemes		0
AF.1	Monetary gold and SDRs		1	AF.7		Financial derivatives and employee stock options		3
AF.2	Currency and deposits		11	AF.8		Other accounts payable		-14
AF.3	Debt securities		13	N.A.		N.A.		N.A.
AF.4	Loans		4	N.A.		N.A.		N.A.
AF.5	Equity and investment fund shares/units		15	N.A.		N.A.		N.A.
AF.6	Insurance, pension and standardised guarantee schemes		0	N.A.		N.A.		N.A.
AF.7	Financial derivatives and employee stock options		0	N.A.		N.A.		N.A.
AF.8	Other accounts receivable		10	N.A.		N.A.		N.A.
N.A.	N.A.		N.A.	B.10		Changes in net worth Due to:		-6
N.A.	N.A.		N.A.	B.101		Current external balance and capital transfers		-10
N.A.	N.A.		N.A.	B.102		Other changes in volume of assets		0
N.A.	N.A.		N.A.	B.103		Nominal holding gains/losses		4
N.A.	N.A.		N.A.	B.1031		Neutral holding gains/losses		6
N.A.	N.A.		N.A.	B.1032		Real holding gains/losses		-2
V.IV.3: closing balance sheet
Assets					Liabilities and net worth
AN	Non-financial assets		N.A.		AF	Financial liabilities	1346
AN.2	Non-produced non-financial assets		N.A.		AF.1	Monetary gold and SDRs	782
AN.21	Natural resources		N.A.		AF.2	Currency and deposits	114
AN.22	Contracts, leases and licences		N.A.		AF.3	Debt securities	100
AN.23	Purchases less sales of goodwill and marketing assets		N.A.		AF.4	Loans	52
N.A.	N.A.		N.A.		AF.5	Equity and investment fund shares/units	218
AF	Financial assets		859		AF.6	Insurance, pension and standardised guarantee schemes	25
AF.1	Monetary gold and SDRs		1		AF.7	Financial derivatives and employee stock options	10
AF.2	Currency and deposits		116		AF.8	Other accounts payable	45
AF.3	Debt securities		138		N.A.	N.A.	N.A.
AF.4	Loans		74		N.A.	N.A.	N.A.
AF.5	Equity and investment fund shares		360		N.A.	N.A.	N.A.
AF.6	Insurance, pension and standardised guarantee schemes		26		N.A.	N.A.	N.A.
AF.7	Financial derivatives and employee stock options		N.A.		N.A.	N.A.	N.A.
AF.8	Other accounts receivable		144		N.A.	N.A.	N.A.
N.A.	N.A.		N.A.		B.90	Net worth	-475

GOODS AND SERVICES ACCOUNT (0)

8.78 The purpose of the goods and services account is to show, by product group and for the total economy, the supply of products and their uses. The account is not part of the sequence of accounts, but rather an underpinning identity between the supply and use of products in the economy. It represents at aggregate level the matching of supply and use of products in the rows of the supply and use tables.

8.79 It therefore shows, by product group and for the total economy, the resources (output and imports) and the uses of goods and services ( intermediate consumption, final consumption, gross fixed capital formation, changes in inventories, acquisitions less disposals of valuables, and exports).

8.80 Given the way in which output is valued at basic prices and uses at purchasers' prices, taxes (less subsidies) on products must be included in the resources section.

8.81 Uses are recorded on the right-hand side of the goods and services account and resources on the left, i.e. on the opposite side from that used in the current accounts for the institutional sectors, since the product flows are the counterparts of the monetary flows.

8.82 The goods and services account is by definition in balance and, therefore, has no balancing item.

Export

Table 8.17 - Account 0: goods and services account

Resources			Uses
P.1	Output	3604	P.2	Intermediate consumption	1883
P.11	Market output	3077	P.3	Final consumption expenditure	1399
P.12	Output for own final use	147	P.31	Individual consumption expenditure	1230
P.13	Non-market output	380	P.32	Collective consumption expenditure	169
D.21	Taxes on products	141	P.5g	Gross capital formation	414
D.31	Subsidies on products	-8	P.511	Acquisitions less disposals of fixed assets	359
P.7	Imports of goods and services	499	P.5111	Acquisitions of new fixed assets	358
P.71	Imports of goods	392	P.5112	Acquisition of existing fixed assets	9
P.72	Imports of services	107	P.5113	Disposals of existing fixed assets	-8
N.A.	N.A.	N.A.	P.512	Costs of ownership transfer on non-produced assets	17
N.A.	N.A.	N.A.	P.52	Change in inventories	28
N.A.	N.A.	N.A.	P.53	Acquisitions less disposals of valuables	10
N.A.	N.A.	N.A.	P.6	Exports of goods and services	540
N.A.	N.A.	N.A.	P.61	Exports of goods	462
N.A.	N.A.	N.A.	P.62	Exports of services	78

INTEGRATED ECONOMIC ACCOUNTS

8.83 The integrated economic accounts give a concise overview of the accounts of an economy, namely the current accounts, accumulation accounts and balance sheets.

They bring together in the same table the accounts of all the institutional sectors, the total economy and the rest of the world, and balance all the flows and all the assets and liabilities. They also enable the aggregates to be read off directly.

8.84 In the table of integrated economic accounts, uses, Currents and changes in assets are recorded on the left-hand side, while resources, liabilities, changes in liabilities and net worth are recorded on the right-hand side.

8.85 To make the table readable while giving a picture of the whole economic process, the levels of aggregation used are the highest compatible with an understanding of the structure of the system.

8.86 The columns in the table represent the institutional sectors, namely: non-financial corporations, financial corporations, general government, non-profit institutions serving households, and households. There are also a column for the total economy, a column for the rest of the world, and a column which balances uses and resources of goods and services.

8.87 The rows in the table represent the various categories of transactions, assets and liabilities, balancing items and certain aggregates.

Export

Table 8.18 - Integrated economic accounts

Current accounts
Uses
N.A.						N.A.			N.A.				N.A.				S.1			S.15			S.14				S.13					S.12					S.11						N.A.					N.A.
Accounts						Total			Goods and service (res)				RoW				Total economy			NPISHs			Households				General government					Financial corporations					Non-financial corporations						N.A.					Transactions and other flows stocks and balancing items
I. Production/external account of goods and services						499			499				N.A.				N.A.			N.A.			N.A.				N.A.					N.A.					N.A.						P.7					Imports of goods and services
						540			N.A.				540				N.A.			N.A.			N.A.				N.A.					N.A.					N.A.						P.6					Exports of goods and services
						3604			3604				N.A.				N.A.			N.A.			N.A.				N.A.					N.A.					N.A.						P.1					Output
						1883			N.A.				N.A.				1883			17			115				222					52					1477						P.2					Intermediate consumption
						133			133				N.A.				N.A.			N.A.			N.A.				N.A.					N.A.					N.A.						D.21-D.31					Taxes less subsidies on products
						1854			N.A.				N.A.				1854			15			155				126					94					1331						B.1g/B.1*g					Value added, gross/gross domestic product
						222			N.A.				N.A.				222			3			23				27					12					157						P.51c					Consumption of fixed capital
						1632			N.A.				N.A.				1632			12			132				99					82					1174						B.1n/B.1*n					Value added, net/net domestic product
						-41			N.A.				-41				N.A.			N.A.			N.A.				N.A.					N.A.					N.A.						B.11					External balance of goods and services
II.1.1. Generation of income account						1150			N.A.				N.A.				1150			11			11				98					44					986						D.1					Compensation of employees
						191			N.A.				0				191			N.A.			N.A.				N.A.					N.A.					N.A.						D.2-D.3					Taxes less subsidies on production and imports
						133			N.A.				0				133			N.A.			N.A.				N.A.					N.A.					N.A.						D.21-D.31					Taxes less subsidies on products
						58			N.A.				0				58			1			-1				1					4					53						D.29-D.39					Other taxes less subsidies on production
						452			N.A.				N.A.				452			3			84				27					46					292						B.2g					Operating surplus, gross
						61			N.A.				N.A.				61			N.A.			61				N.A.					N.A.					N.A.						B.3g					Mixed income, gross
						238			N.A.				N.A.				238			0			69				0					34					135						B.2n					Operating surplus, net
						53			N.A.				N.A.				53			N.A.			53				N.A.					N.A.					N.A.						B.3n					Mixed income, net
II.1.2 Allocation of primary income account						435			N.A.				44				391			6			41				42					168					134						D.4					Property income
						1864			N.A.				N.A.				1864			4			1381				198					27					254						B.5g/B.5*g					Balance of primary incomes, gross/national income, gross
						1642			N.A.				N.A.				1642			1			1358				171					15					97						B.5n/B.5*n					Balance of primary incomes, net/national income, net
II.2 Secondary distribution of income account						213			N.A.				1				212			0			178				0					10					24						D.5					Current taxes on income, wealth etc.
						333			N.A.				0				333			N.A.			333				N.A.					N.A.					N.A.						D.61					Net social contributions
						384			N.A.				0				384			5			0				112					205					62						D.62					Social benefits other than transfers in kind
						299			N.A.				16				283			2			71				136					62					12						D.7					Other current transfers
						1826			N.A.				N.A.				1826			37			1219				317					25					228						B.6g					Disposable income, gross
						1604			N.A.				N.A.				1604			34			1196				290					13					71						B.6n					Disposable income, net
II.3 Redistribution of income in kind account						215			N.A.				N.A.				215			31			N.A.				184					N.A.					N.A.						D.63					Social transfers in kind
						1826			N.A.				N.A.				1826			6			1434				133					25					228						B.7g					Adjusted disposable income, gross
						1604			N.A.				N.A.				1604			3			1411				106					13					71						B.7n					Adjusted disposable income, net
II.4 Use of income account						N.A.			N.A.				N.A.				N.A.			N.A.			N.A.				N.A.					N.A.					N.A.						B.6g					Disposable income, gross
						N.A.			N.A.				N.A.				N.A.			N.A.			N.A.				N.A.					N.A.					N.A.						B.6n					Disposable income, net
						1399			N.A.				N.A.				1399			1			1230				168					N.A.					N.A.						P.4					Actual final consumption
						1399			N.A.				N.A.				1399			32			1015				352					N.A.					N.A.						P.3					Final consumption expenditure
						11			N.A.				0				11			0			N.A.				0					11					0						D.8					Adjustment for the change in pension entitlements
						427			N.A.				N.A.				427			5			215				-35					14					228						B.8g					Saving, gross
						205			N.A.				N.A.				205			2			192				-62					2					71						B.8n					Saving, net
						-13			N.A.				-13				N.A.			N.A.			N.A.				N.A.					N.A.					N.A.						B.12					Current external balance
Resources
N.A.			N.A.							S.11						S.12					S.13				S.14				S.15				S.1			N.A.			N.A.					N.A.			N.A.
N.A.			Transactions and other flows stocks and balancing items							Non-financial corporations						Financial corporations					General government				Households				NPISHs				Total economy			RoW			Goods and service (uses)					Total			Accounts
P.7			Imports of goods and services							N.A.						N.A.					N.A.				N.A.				N.A.				N.A.			499			N.A.					499			I. Production/external account of goods and services
P.6			Exports of goods and services							N.A.						N.A.					N.A.				N.A.				N.A.				N.A.			N.A.			540					540
P.1			Output							2808						146					348				270				32				3604			N.A.			N.A.					3604
P.2			Intermediate consumption							N.A.						N.A.					N.A.				N.A.				N.A.				N.A.			N.A.			1883					1883
D.21-D.31			Taxes less subsidies on products							N.A.						N.A.					N.A.				N.A.				N.A.				133			N.A.			N.A.					133
B.1g/B.1*g			Value added, gross/gross domestic product							1331						94					126				155				15				1854			N.A.			N.A.					1854			II.1.1. Generation of income account __________ II.1.2 Allocation of primary income account
P.51c			Consumption of fixed capital							157						12					27				23				3				222			N.A.			N.A.					222
B.1n/B.1*n			Value added, net/net domestic product							1174						82					99				132				12				1632			N.A.			N.A.					1632
B.11			External balance of goods and services							N.A.						N.A.					N.A.				N.A.				N.A.				N.A.			-41			N.A.					-41
D.1			Compensation of employees							N.A.						N.A.					N.A.				1154				N.A.				1154			2			N.A.					1156
D.2-D.3			Taxes less subsidies on production and imports							N.A.						N.A.					191				N.A.				N.A.				191			0			N.A.					191
D.21-D.31			Taxes less subsidies on products							N.A.						N.A.					133				N.A.				N.A.				133			0			N.A.					133
D.29-D.39			Other taxes less subsidies on production							N.A.						N.A.					58				N.A.				N.A.				58			0			N.A.					58
B.2g			Operating surplus, gross							292						46					27				84				3				452			N.A.			N.A.					452
B.3g			Mixed income, gross							N.A.						N.A.					N.A.				61				N.A.				61			N.A.			N.A.					61
B.2n			Operating surplus, net							135						34					0				69				0				238			N.A.			N.A.					238
B.3n			Mixed income, net							N.A.						N.A.					N.A.				53				N.A.				53			N.A.			N.A.					53
D.4			Property income							96						149					22				123				7				397			38			N.A.					435
B.5g			Balance of primary incomes, gross/national income, gross							254						27					198				1381				4				1864			N.A.			N.A.					1864			II.2 Secondary distribution of income account
B.5n/B.5*n			Balance of primary incomes, net/national income, net							97						15					171				1358				1				1642			N.A.			N.A.					1642
D.5			Current taxes on income, wealth etc.							N.A.						N.A.					213				N.A.				N.A.				213			0			N.A.					213
D.61			Net social contributions							66						213					50				0				4				333			0			N.A.					333
D.62			Social benefits other than social transfers in kind							N.A.						N.A.					N.A.				384				N.A.				384			0			N.A.					384
D.7			Other current transfers							6						62					104				36				36				244			55			N.A.					299
B.6g			Disposable income, gross							228						25					317				1219				37				1826			N.A.			N.A.					1826			II.3 Redistribution of income in kind account
B.6n			Disposable income, net							71						13					290				1196				34				1604			N.A.			N.A.					1604
D.63			Social transfers in kind							N.A.						N.A.					N.A.				215				N.A.				215			N.A.			N.A.					215
B.7g			Adjusted disposable income, gross							228						25					133				1434				6				1826			N.A.			N.A.					1826			II.4 Use of income account
B.7n			Adjusted disposable income, net							71						13					106				1411				3				1604			N.A.			N.A.					1604
B.6g			Disposable income, gross							228						25					317				1219				37				1826			N.A.			N.A.					1826
B.6n			Disposable income, net							71						13					290				1196				34				1604			N.A.			N.A.					1604
P.4			Actual final consumption							N.A.						N.A.					N.A.				N.A.				N.A.				N.A.			N.A.			1399					1399
P.3			Final consumption expenditure							N.A.						N.A.					N.A.				N.A.				N.A.				N.A.			N.A.			1399					1399
D.8			Adjustment for the change in pension entitlements							N.A.						N.A.					N.A.				11				N.A.				11			0			N.A.					11
B.8g			Saving, gross							N.A.						N.A.					N.A.				N.A.				N.A.				N.A.			N.A.			N.A.					N.A.
B.8n			Saving, net							N.A.						N.A.					N.A.				N.A.				N.A.				N.A.			N.A.			N.A.					N.A.
B.12			Current external balance							N.A.						N.A.					N.A.				N.A.				N.A.				N.A.			N.A.			N.A.					N.A.
Accumulation accounts
Changes in assets
N.A.				N.A.			N.A.				N.A.			S.1				S.15				S.14				S.13				S.12				S.11						N.A.					N.A.
Accounts				Total			Goods and service (res)				RoW			Total economy				NPISHs				Households				General government				Financial corporations				Non-financial corporations						N.A.					Transactions and other flows stocks and balancing items
III.1.1 Change in net worth due to saving and capital transfers account				N.A.			N.A.				N.A.			N.A.				N.A.				N.A.				N.A.				N.A.				N.A.						B.8n					Saving, net
				N.A.			N.A.				N.A.			N.A.				N.A.				N.A.				N.A.				N.A.				N.A.						B.12					Current external balance
				N.A.			N.A.				N.A.			N.A.				N.A.				N.A.				N.A.				N.A.				N.A.						D.9r					Capital transfers, receivable
				N.A.			N.A.				N.A.			N.A.				N.A.				N.A.				N.A.				N.A.				N.A.						D.9p					Capital transfers, payable (-)
				192			N.A.				-29			221				20				236				-81				-16				62						B.101					Changes in net worth due to saving and capital transfers
III.1.2 Acquisition of non-financial assets account				414			N.A.				N.A.			414				5				55				38				8				308						P.5g					Gross capital formation
				-222			N.A.				N.A.			-222				-3				-23				-27				-12				-157						P.51c					Consumption of fixed capital (-)
				28			N.A.				N.A.			28				0				2				0				0				26						P.52					Changes in inventories
				10			N.A.				N.A.			10				0				5				3				0				2						P.53					Acquisitions less disposals of valuables
				0			N.A.				0			0				1				4				2				0				-7						NP					Acquisitions less disposals of non-produced assets
				0			N.A.				-10			10				-4				174				-103				-1				-56						B.9					Net lending (+)/net borrowing(-)
III.2 Financial account				483			N.A.				47			436				2				189				-10				172				83						F N.A.					Net acquisition of financial assets\ N.A.
				0			N.A.				1			-1				N.A.				N.A.				0				-1				N.A.						F.1					Monetary gold and SDRs
				100			N.A.				11			89				2				64				-26				10				39						F.2					Currency and deposits
				95			N.A.				9			86				-1				10				4				66				7						F.3					Debt securities
				82			N.A.				4			78				0				3				3				53				19						F.4					Loans
				119			N.A.				12			107				0				66				3				28				10						F.5					Equity and investment fund shares
				48			N.A.				0			48				0				39				1				7				1						F.6					Insurance, pension and standardised guarantee schemes
				14			N.A.				0			14				0				3				0				8				3						F.7					Financial derivatives and employee stock options
				25			N.A.				10			15				1				4				5				1				4						F.8					Other accounts receivable/payable
III.3.1 Other changes in volume of assets account				33			N.A.				N.A.			33				0				0				7				0				26						K.1					Economic appearance of assets
				-11			N.A.				N.A.			-11				0				0				-2				N.A.				-9						K.2					Economic disappearance of non-produced assets
				-11			N.A.				N.A.			-11				0				0				-6				0				-5						K.3					Catastrophic losses
				0			N.A.				N.A.			0				0				0				5				0				-5						K.4					Uncompensated seizures
				2			N.A.				N.A.			2				0				2				0				1				1						K.5					Other changes in volume n.e.c.
				0			N.A.				N.A.			0				0				0				-4				-2				6						K.6					Changes in classification
				13			N.A.				N.A.			13				0				0				0				-1				14						N.A.					Other volume changes, total
				N.A.			N.A.				N.A.			N.A.				N.A.				N.A.				N.A.				N.A.				N.A.						N.A.					Of which
				-7			N.A.				N.A.			-7				0				0				-3				-2				-2						AN.1					Produced non-financial assets
N.A.				17			N.A.				N.A.			17				0				0				3				0				14						AN.2					Non-produced non-financial assets
				3			N.A.				N.A.			3				0				0				0				1				2						AF					Financial assets/liabilities
				N.A.			N.A.				N.A.			N.A.				N.A.				N.A.				N.A.				N.A.				N.A.						B.102					Changes in net worth due to other changes in volume of assets
III.3.2 Revaluation account				N.A.			N.A.				N.A.			N.A.				N.A.				N.A.				N.A.				N.A.				N.A.						K.7					Nominal holding gains/losses
				280			N.A.				N.A.			280				8				80				44				4				144						AN					Non-financial assets
				126			N.A.				N.A.			126				5				35				21				2				63						AN.1					Produced non-financial assets
				154			N.A.				0			154				3				45				23				2				81						AN.2					Non-produced non-financial assets
				91			N.A.				7			84				2				16				1				57				8						AF					Financial assets/liabilities
				N.A.			N.A.				N.A.			N.A.				N.A.				N.A.				N.A.				N.A.				N.A.						B.103					Changes in net worth due to nominal holding gains (+)/losses (-)
Changes in liabilities and net worth
N.A.								S.11							S.12				S.13					S.14				S.15			S.1				N.A.			N.A.				N.A.				N.A.
N.A.	Transactions and other flows stocks and balancing items							Non-financial corporations							Financial corporations				General government					Households				NPISHs			Total economy				RoW			Goods and service (uses)				Total				Accounts
B.8n	Saving, net							71							2				-62					192				2			205				N.A.			N.A.				205				II.1.1 Change in net worth due to saving and capital transfers account
B.12	Current external balance							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				-13			N.A.				-13
D.9r	Capital transfers, receivable							33							0				6					23				0			62				4			N.A.				66
D.9p	Capital transfers, payable (-)							-16							-7				-34					-5				-3			-65				-1			N.A.				-66
B.101	Changes in net worth due to saving and capital transfers							88							-5				-90					210				-1			202				-10			N.A.				192				II.1.2 Acquisition of non-financial assets account
P.5g	Gross capital formation							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			414				414
P.51c	Consumption of fixed capital (-)							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			-222				N.A.
P.52	Changes in inventories							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			28				28
P.53	Acquisitions less disposals of valuables							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			10				10
NP	Acquisitions less disposals of non-produced assets							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			0				N.A.
B.9	Net lending (+)/net borrowing(-)							-56							-1				-103					174				-4			10				-10			N.A.				0				III.2 Financial account
F	Net incurrence of liabilities							139							173				93					15				6			426				57			N.A.				483
F.1	Monetary gold and SDRs							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.
F.2	Currency and deposits							N.A.							65				37					N.A.				N.A.			102				-2			N.A.				100
F.3	Debt securities							6							30				38					0				0			74				21			N.A.				95
F.4	Loans							21							0				9					11				6			47				35			N.A.				82
F.5	Equity and investment fund shares							83							22				N.A.					N.A.				N.A.			105				14			N.A.				119
F.6	Insurance, pension and standardised guarantee schemes							N.A.							48				0					N.A.				N.A.			48				0			N.A.				48
F.7	Financial derivatives and employee stock options							3							8				0					0				0			11				3			N.A.				14
F.8	Other accounts receivable/payable							26							N.A.				9					4				N.A.			39				-14			N.A.				25
K.1	Economic appearance of assets							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.				II.3.1 Other changes in volume of assets account
K.2	Economic disappearance of non-produced assets							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.
K.3	Catastrophic losses							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.
K.4	Uncompensated seizures							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.
K.5	Other changes in volume n.e.c.							0							0				0					1				0			1				N.A.			N.A.				1
K.6	Changes in classification							0							0				2					0				0			2				N.A.			N.A.				2
N.A.	Total other volume changes							0							0				2					1				0			3				N.A.			N.A.				3
N.A.	Of which							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.
AN.1	Produced non-financial assets							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.
AN.2	Non-produced non-financial assets							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.
AF	Financial assets/liabilities							0							0				2					1				0			3				N.A.			N.A.				3
B.102	Changes in net worth due to other changes in volume of assets							14							-1				-2					-1				0			10				N.A.			N.A.				10
K.7	Nominal holding gains/losses							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.				II.3.2 Revaluation account
AN	Non-financial assets							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.
AN.1	Produced non-financial assets							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.
AN.2	Non-produced non-financial assets							N.A.							N.A.				N.A.					N.A.				N.A.			N.A.				N.A.			N.A.				N.A.
AF	Financial assets/liabilities							18							51				7					0				0			76				15			N.A.				91
B.103	Changes in net worth due to nominal holding gains (+)/losses (-)							134							10				38					96				10			288				4			N.A.				292
Balance sheets Assets
N.A.					N.A.			N.A.				N.A.			S.1					S.15				S.14				S.13				S.12				S.11					N.A.			N.A.
Accounts					Total			Goods and service (res.)				RoW			Total economy					NPISHs				Households				General government				Financial corporations				Non-financial corporations					N.A.			Transactions and other flows stocks and balancing items
IV.1 Opening balance sheet					4621			N.A.				N.A.			4621					159				1429				789				93				2151					AN			Non-financial assets
					2818			N.A.				N.A.			2818					124				856				497				67				1274					AN.1			Produced non-financial assets
					1803			N.A.				N.A.			1803					35				573				292				26				877					AN.2			Non-produced non-financial assets
					9036			N.A.				805			8231					172				3260				396				3421				982					AF			Financial assets/liabilities
					N.A.			N.A.				N.A.			N.A.					N.A.				N.A.				N.A.				N.A.				N.A.					B.90			Net worth
IV.2 Changes in balance sheet					N.A.			N.A.				N.A.			N.A.					N.A.				N.A.				N.A.				N.A.				N.A.					N.A.			Total changes in assets
					480			N.A.				N.A.			480					11				115				57				-4				301					AN			Non-financial assets
					294			N.A.				N.A.			294					7				67				29				-4				195					AN.1			Produced non-financial assets
					186			N.A.				N.A.			186					4				48				28				0				106					AN.2			Non-produced non-financial assets
					577			N.A.				54			523					4				205				-9				230				93					AF			Financial assets/liabilities
					N.A.			N.A.				N.A.			N.A.					N.A.				N.A.				N.A.				N.A.				N.A.					B.10			Changes in net worth, total
					N.A.			N.A.				N.A.			N.A.					N.A.				N.A.				N.A.				N.A.				N.A.					B.101			Saving and capital transfers
					N.A.			N.A.				N.A.			N.A.					N.A.				N.A.				N.A.				N.A.				N.A.					B.102			Other changes in volume of assets
					N.A.			N.A.				N.A.			N.A.					N.A.				N.A.				N.A.				N.A.				N.A.					B.103			Nominal holding gains (+)/losses(-)
IV.3 Closing balance sheet					5101			N.A.				N.A.			5101					170				1544				846				89				2452					AN			Non-financial assets
					3112			N.A.				N.A.			3112					131				923				526				63				1469					AN.1			Produced non-financial assets
					1989			N.A.				N.A.			1989					39				621				320				26				983					AN.2			Non-produced non-financial assets
					9613			N.A.				859			8754					176				3465				387				3651				1075					AF			Financial assets/liabilities
					N.A.			N.A.				N.A.			N.A.					N.A.				N.A.				N.A.				N.A.				N.A.					B.90			Net worth
Liabilities and net worth
N.A.		N.A.					S.11				S.12					S.13				S.14				S.15				S.1				N.A.				N.A.				N.A.
N.A.		Transactions and other flows stocks and balancing items					Non-financial corporations				Financial corporations					General government				Households				NPISHs				Total economy				RoW				Goods and service (uses)				Total					Accounts
AN		Non-financial assets					N.A.				N.A.					N.A.				N.A.				N.A.				N.A.				N.A.				N.A.				N.A.					IV.1 Opening balance sheet
AN.1		Produced non-financial assets					N.A.				N.A.					N.A.				N.A.				N.A.				N.A.				N.A.				N.A.				N.A.
AN.2		Non-produced non-financial assets					N.A.				N.A.					N.A.				N.A.				N.A.				N.A.				N.A.				N.A.				N.A.
AF		Financial assets/liabilities					3221				3544					687				189				121				7762				1274				N.A.				9036
B.90		Net worth					-88				-30					498				4500				210				5090				-469				N.A.				4621
N.A.		Total changes in assets					N.A.				N.A.					N.A.				N.A.				N.A.				N.A.				N.A.				N.A.				N.A.					IV.2 Changes in balance sheet
AN		Non-financial assets					N.A.				N.A.					N.A.				N.A.				N.A.				N.A.				N.A.				N.A.				N.A.
AN.1		Produced non-financial assets					N.A.				N.A.					N.A.				N.A.				N.A.				N.A.				N.A.				N.A.				N.A.
AN.2		Non-produced non-financial assets					N.A.				N.A.					N.A.				N.A.				N.A.				N.A.				N.A.				N.A.				N.A.
AF		Financial assets/liabilities					157				224					102				16				6				505				72				N.A.				577
B.10		Changes in net worth, total					237				4					-54				304				9				500				-6				N.A.				494
B.101		Saving and capital transfers					88				-5					-90				210				-1				202				-10				N.A.				192
B.102		Other changes in volume of assets					14				-1					-2				-1				0				10				N.A.				N.A.				10
B.103		Nominal holding gains (+)/losses(-)					134				10					38				96				10				288				4				N.A.				292
AN		Non-financial assets					N.A.				N.A.					N.A.				N.A.				N.A.				N.A.				N.A.				N.A.				N.A.					IV.3 Closing balance sheet
AN.1		Produced non-financial assets					N.A.				N.A.					N.A.				N.A.				N.A.				N.A.				N.A.				N.A.				N.A.
AN.2		Non-produced non-financial assets					N.A.				N.A.					N.A.				N.A.				N.A.				N.A.				N.A.				N.A.				N.A.
AF		Financial assets/liabilities					3378				3768					789				205				127				8267				1346				N.A.				9613
B.90		Net worth					149				-26					444				4804				219				5590				-475				N.A.				5115

AGGREGATES

8.88 The aggregates are summary indicators of the result of the activity of the total economy and key magnitudes for purposes of macroeconomic analysis and comparisons over time and space.

Gross domestic product at market prices (GDP)

8.89 Gross domestic product at market prices is the final result of the production activity of resident producer units. It can be defined in three ways:

production approach: GDP is the sum of gross value added of the various institutional sectors or the various industries plus taxes and less subsidies on products (which are not allocated to sectors and industries). It is also the balancing item in the total economy production account;
expenditure approach: GDP is the sum of final uses of goods and services by resident institutional units (final consumption and gross capital formation), plus exports and minus imports of goods and services;
income approach: GDP is the sum of uses in the total economy generation of income account (compensation of employees, taxes onproduction and imports less subsidies, gross operating surplus and mixed income of the total economy).

8.90 By deducting consumption of fixed capital from GDP, we obtain net domestic product at market prices (NDP).

Operating surplus of the total economy

8.91 The gross (or net) operating surplus of the total economy is the sum of the gross (or net) operating surpluses of the various industries or the various institutional sectors.

Mixed income of the total economy

8.92 The gross (or net) mixed income of the total economy is identical to the gross (or net) mixed income of the households sector.

Entrepreneurial income of the total economy

8.93 The gross (or net) entrepreneurial income of the total economy is the sum of the gross (or net) entrepreneurial incomes of the various sectors.

National income (at market prices)

8.94 Gross (or net) national income (at market prices) represents total primary income receivable by resident institutional units: compensation of employees, taxes on production and imports less subsidies, property income (receivable less payable), (gross or net) operating surplus and (gross or net) mixed income.

Gross national income (at market prices) equals GDP minus primary income payable by resident institutional units to non-resident institutional units plus primary income receivable by resident institutional units from the rest of the world.

National income is not a production concept but an income concept, which is more significant if expressed in net terms, i.e. after deduction of the consumption of fixed capital.

National disposable income

8.95 Gross (or net) national disposable income is the sum of the gross (or net) disposable incomes of the institutional sectors. Gross (or net) national disposable income equals gross (or net) national income (at market prices) minus current transfers (current taxes on income, wealth etc., social contributions, social benefits and other current transfers) payable to non-resident units, plus current transfers receivable by resident units from the rest of the world.

Saving

8.96 This aggregate measures the portion of national disposable income that is not used for final consumption expenditure. Gross (or net) national saving is the sum of the gross (or net) savings of the various institutional sectors.

Current external balance

8.97 The balancing item in the external account of primary income and current transfers represents the surplus (if it is negative) or the deficit (if it is positive) of the total economy on its current transactions (trade in goods and services, primary incomes, current transfers) with the rest of the world

Net lending (+) or borrowing (-) of the total economy

8.98 The net lending (+) or borrowing (?) of the total economy is the sum of the net lending or borrowing of the institutional sectors. It represents the net resources that the total economy makes available to the rest of the world (if it is positive) or receives from the rest of the world (if it is negative). The net lending (+) or borrowing (?) of the total economy is equal but of opposite sign to the net borrowing (?) or lending (+) of the rest of the world.

Net worth of the total economy

8.99 The net worth of the total economy is the sum of the net worth of the institutional sectors. It represents the value of the non-financial assets of the total economy minus the balance of financial Currents and liabilities of the rest of the world.

General government expenditure and revenue

General government expenditure and revenue are defined by reference to a list of the ESA categories.

8.100

Government expenditure comprises the following ESA categories, recorded under the use side of general government accounts, with the exception of D.3 which is recorded under the resource side of general government accounts:

P.2 intermediate consumption

P.5 Gross capital formation

D.1 Compensation of employees

D.29 Other taxes on production, payable

D.3 Subsidies, payable

D.4 Property income, payable

D.5 Current taxes on income, wealth, etc.

D.62 Social benefits other than social transfers in kind

D.632 Social transfers in kind - purchased market production

D.7 Other current transfers

D.8 Adjustment for the change in pension entitlements

D.9p Capital transfers, payable

NP Acquisitions less disposals of non-produced assets

Government revenue comprises the following ESA categories, recorded under the resource side of general government accounts, with the exception of D.39 which is recorded under the use side of general government accounts:

P.11 Market output

P.12 Output for own final use

P.131 Payments for non-market output

D.2 Taxes on production and imports, receivable

D.39 Other subsidies on production, receivable

D.4 Property income, receivable

D.5 Current taxes on income, wealth, etc.

D.61 Net social contributions

D.7 Other current transfers

D.9r Capital transfers, receivable

By definition, the difference between general government revenue and general government expenditure is net lending (+)/net borrowing (-) of the general government sector.

The transactions D.41 (interest), D.73 (current transfers within general government), D.92 (investment grants) and D.99 ( other capital transfers) are consolidated. The other transactions are not consolidated.

List of abbreviations and acronyms

ABO

accrued benefit obligation

ABS

asset-backed security

BPM6

Balance of payments manual, sixth edition

CCP

central counterparty clearing house

CDS

credit default swap

CIF

cost, insurance and freight

COFOG

Classification of the Functions of Government

COICOP

Classification of Individual Consumption by Purpose

COPNI

Classification of the Purposes of Non-Profit Institutions Serving Households

COPP

Classification of Outlays of Producers by Purpose

CPA

Classification of Products by Activity

EAA

economic accounts for agriculture

EAFRD

European Agricultural Fund for Rural Development

EAGF

European Agricultural Guarantee Fund

European Commission

ECB

European Central Bank

EMU

economic and monetary union

ESA

European System of Accounts

ESO

employee stock option

ESSPROS

European System of Integrated Social Protection Statistics

European Union

EURIBOR

European interbank offered rate

EUROSTAT

the statistical office of the European Union

FDI

foreign direct investment

FISIM

financial intermediation services indirectly measured

FOB

free on board

FRA

forward rate agreement

FVC

financial vehicle corporation

GAB

general arrangements to borrow

GDP

gross domestic product

GFS

government finance statistics

GNI

gross national income

GVA

gross value added

IAS

international accounting standards

IASB

International Accounting Standards Board

IASC

International Accounting Standards Committee

insurance corporations

ICLS

International Conference of Labour Statisticians

ICPF

insurance corporations and pension funds

ICT

information, communications and telecommunications

IFRS

International Financial Reporting Standards

IIP

international investment position

ILO

International Labour Organisation

IMF

International Monetary Fund

IMTS

international merchandise trade statistics

IMTS

international merchandise trade statistics

INTRASTAT

statistical collection system

I-O

input-output

IPO

initial public offering

IPSASB

International Public Sector Accounting Standards Board

ISIC

International Standard Industrial Classification of all Economic Activities

ISIN

international securities identification number

KAU

kind-of-activity unit

KLEMS

capital, labour, energy, materials and services

LIBOR

London interbank offered rate

MFI

monetary financial institution

MMF

money market fund

MSITS

Manual on statistics of international trade in services

N.E.C.

not elsewhere classified

NAB

new arrangements to borrow

NACE

general industrial classification of economic activities within the European Union

NDP

net domestic product

NOS

net operating surplus

NPI

non-profit institution

NPISH

non-profit institution serving households

NUTS

nomenclature of territorial units for statistics

OECD

Organisation for Economic Cooperation and Development

OMFI

other monetary financial institution

OTC

over the counter

PAYE

pay as you earn

PBO

projected benefit obligation

pension funds

PIM

perpetual inventory method

PPP

purchasing power parity

PPP

public-private partnership

PPS

purchasing power standard

PRGF

Poverty Reduction and Growth Facility

R&D

research and development

ROW

rest of the world

SAM

social accounting matrix

SDR

special drawing right

SEEA

System of Environmental-Economic Accounts

SNA

System of National Accounts

SOCX

Social Expenditure Database

SPE

special-purpose entity

SPV

special-purpose vehicle

STRIPS

Separate Trading of Registered Interest and Principal Securities

UCITS

undertakings for collective investment in transferable securities

United Nations

VAT

value added tax