1 of 6

Explanatory meeting

Sector accounts, financial accounts, pensions in social insurance, financial indicators

Luxembourg, 12-13 February 2019

Sheldon Warton-Woods

Eurostat C2

National Accounts, prices and key indicators

Eurostat

2 of 6

Overview

  • What are sector (including financial) accounts
  • What is the pensions in social insurance table
  • ESA 2010 Transmission Programme requirements
  • Monetary and financial indicators

2

Eurostat

3 of 6

1. What are sector (including financial) accounts?

3

    • They analyse behaviour in the economy grouped in institutional sectors, for example:
      • how is income earned, spent, saved in the households sector?
      • how are corporations financed? How much taxes do they pay?
      • What is wealth (land, financial investments ) by sector?
    • Key indicators by sector include value added, operating surplus, disposable income, saving rate, investment rate, net lending/ borrowing, debt to income ratio, financial assets ratio, return on equity.

​

Eurostat

4 of 6

What is the pensions in social insurance table?

  • Purpose is to show ‘accrued to date’ pension entitlements of households (stock, flow)
  • Includes not only private employer-related pension schemes based on national accounts, but also social security and government employer schemes using actuarial calculations
  • The table includes a sensitivity analysis based on a higher/lower discount rate

4

Eurostat

5 of 6

​

​

​

 

 

​

​

5

ESA 2010 Transmission Programme requirements

Table

Subject

Deadline t+

Period

6

Financial accounts (flows)- annual

9 months

1995+

7

Financial accounts (stocks) - annual

9 months

1995+

8

Non-financial accounts by sector – annual (flows)

9 months

1995+

801

Non-financial accounts by sector – quarterly (flows)

3 months (EA 85 days)

1999 Q1+

26

Balance sheets for non-financial assets - annual

24 months

1995+

29

Pension entitlements in social insurance (3-yearly)

24 months

2012

Eurostat

6 of 6

Monetary and financial indicators

6

  • Data on exchange rates and interest rates are collected and disseminated by Eurostat. Main source is the ECB
  • Key annual variables on Candidate Countries are collected for enlargement policy purposes
  • Enlargement countries are obliged to bring their statistics in line with ECB requirements only after entry into the EU. Early alignment with international standards is desirable for eventual ESCB membership
  • The relevant ECB legislation can be accessed at: http://www.ecb.de/ecb/legal/1005/1021/html/index.en.html

​

​

Eurostat