OECD

STATISTICS DIRECTORATE

NATIONAL ACCOUNTS DIVISION

ANNUAL NATIONAL

ACCOUNTS

IN OECD.STAT

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Table of contents

THE ANNUAL NATIONAL ACCOUNTS DATABASE

1.General information

2.Data by country

3.Structure of the data on OECD.Stat.

oMain aggregates

oDetailed Tables and Simplified Accounts

oGeneral Government Accounts

4.Comparable data for countries

5.Data for zones (groups of countries)

6.Change over to the Euro (made in January 2002)

7.Abbreviations used

ANNEX ONE

Inventory and codification

ANNEX TWO

Measure code

ANNEX THREE

Equalities of the SNA shown in the accounts

THE ANNUAL NATIONAL ACCOUNTS DATABASE

1.General information

The Annual National Accounts (ANA) database in OECD.Stat is updated daily.It contains annual time series starting from 1950 whenever possible for:

All OECD Member countries (34 member)

Key partner countries (non-member countries)

A number of groups of countries (zones)

The seriesMain aggregates (see part 3) can be selected according to four dimensions:

The Country dimension covers the OECD Member countries and non-member economies as well as a number of zones.

The Transaction dimension covers the components of the aggregates.

The Measure covers the valuation (values, volumes, indices, number of persons, of hours, of jobs, etc.). In the annual national accounts, the code and the power code of the measure is indicated in the title(for example: C: National currency, current prices, millions)

The Periodallows selecting the required time coverage.

The series Detailed tables and government accounts (see part 3) offer two additional dimensions:

The Sector dimension consists of the institutional sectors as they exist in the 2008 System of National Accounts (2008 SNA):

  • S1: Total economy
  • S11: Non-financial corporations
  • Of whichS11001: Public non-financial corporations
  • S12: Financial corporations
  • Of whichS12001: Public financial corporations
  • S121_S122: The central bank and other monetary financial institutions
  • S121: The central bank
  • S122: Other monetary financial institutions
  • S123: Other financial intermediaries, ex. insurance corp. and pension funds
  • S124: Financial auxiliaries
  • S125: Insurance corporations and pension funds
  • S13: General government
  • S1311_S1312: Central and state government
  • S1311: Central government
  • S1312: State government
  • S1313: Local government
  • S1314: Social security funds
  • S1M: Households and non-profit institutions serving households
  • S14: Households
  • S15: Non-profit institutions serving households
  • S1N: Not sectorized
  • S2: Rest of the world
  • S21 The European Union
  • S211: The member countries of the EU
  • S2111: Members of the Monetary Union
  • S2112: Non-members of the Monetary Union
  • S212: The institution of the EU
  • S22 Third countries and international organizations

The Functiondimension presents the list of the functions of government (COFOG—level 1 and 2). This dimension is only available for table 11,Government expenditures by function.

Country data are expressed in national currencies and reflect national methodologies. Data areconverted to U.S. dollars using Purchasing Power Parities series (PPPs) as well as volume and price indices, which areavailable for the main aggregates (i.e. main components of GDP by the three approaches, disposable income and net lending/net borrowing) for all countries and zones. For the main aggregate series (see part 3), data are also linked backwards to provide long time series wherever possible. Data are then control-coded by an “E” to indicate estimates.

Power and number of decimals can be changed by users (see “customise option”, table options in OECD.Stat).

Metadata (methodological notes relating to published statistics) are available at the country level to give general information on the country data set and notes are attached at the series’ levels to indicate differences from the standard definition. These metadata and notes can be displayed by clicking on the “i” next to the country name or to the transaction series name.

A user guide for OECD.Stat is available:OECD.Stat Extracts' user guide.

2.Data by country

Data are collected through questionnaires covering the different tables. For the European OECD Member states, this questionnaire corresponds to the Eurostat questionnaire whereas the non-European member states receive an OECD-specific questionnaire.

Data for OECD Member countries are presented in standard tables. All OECD Member states compile their accounts according to the 2008 SNA, with the exception of Chile, Japan and Turkey, which are currently using the 1993 SNA and will adopt the new methodology in 2015 and 2016. Various information about the data source, the system of national accounts used, the constant prices, etc. and the most important divergences from the standard tables is given in the metadata.

Data at constant prices and chained volume estimates (V---- measure) are shown with the base/reference year used by the country concerned as well as with the OECD base/reference year (VOB---measure). Implicit price indices (DOB measure) for the main components of GDP are also shown with the OECD base/reference year. The current official OECD reference year is set to 2010.

All OECD Membercountries publish chained volume estimates with the exception ofMexico, which still releases volume data at fixed constant prices.

Population data are expressed in persons (PER). Employment data are expressed in hours worked (HRS), persons (PER), jobs (JOB) or full-time equivalent (FTE)[1] depending on the country.

3.Structure of the data on OECD.Stat.

The number of series covered by annual non-financial accounts is very high. Therefore, the structure of the data has been organised by main subjects: main aggregates, detailed tables and simplified accounts, general government accounts, and detailed non-financial sector accounts.

oMain aggregates

  1. Gross Domestic Product (GDP)

It presents the three approaches of the GDP: expenditure based, output based and income based.

  1. Disposable Income and Net lending-Net borrowing

It presents the different transactions and balances to get from the GDP to net lending/net borrowing. Therefore, it includes, in particular, national disposable income (gross and net), consumption of fixed capital and net saving.

  1. Population and employment by main activity

It presents population data and employment by main activity (ISIC Rev4). It includes national concept data for economically active population, unemployed persons, total employment, employees and self-employed, as well as domestic concept data for total employment, employees and self-employed. The domestic concept data are broken down by main activity.

  1. Purchasing Power parities(PPPs) and exchange rates

It presents exchange rates, purchasing power parities (PPPs) for GDP, private consumption and actual individual consumption.

Exchanges rates are collected from the IMF publication “International Financial Statistics” and refer to the IMF series “rf”: year average national currency per U.S. dollars.

PPPs are the rates of currency conversion that equalise the purchasing power of different countries by eliminating differences in price levels between countries. When converted by means of PPPs, the expenditures on GDP for different countries are in effect expressed at the same set of prices so that comparisons between countries reflect only differences in the volume of goods and services purchased. For more information see:

oDetailed Tables and Simplified Accounts

  1. Final consumption expenditure of households

It presents the final consumption expenditure of households broken down by the Classification of Individual Consumption According to Purpose (COICOP) classification and by durability.

6a.Value added and its components by activity, Isic Rev4

It presents the components of value added broken down by activity according to the Isic Rev4. It therefore includes output, intermediate consumption, compensation of employees, gross operating surplus and gross mixed income, and other taxes less subsidies on production.

7a.Labour input by activity, Isic Rev4

It presents the total employment and its components, employees and self-employed, broken down by activity according to the Isic Rev4.

8a.Capital formation by activity, Isic Rev4

It presents gross capital formation and its components (total construction, machinery and equipment and weapon system, cultivated biological resources, intellectual property product and changes in inventories and acquisition less disposable of values) broken down by activity according to the Isic Rev4.

9a.Fixed assets by activity and by asset, Isic Rev4

It presents gross and net fixed assets and their components (total construction, machinery and equipment and weapon system, cultivated biological resources, intellectual property product) broken down by activity according to the Isic Rev4.

9b.Balance sheet for non-financial assets by institutional sectors

It presents the balance sheets for non-financial assets by institutional sectors, for both produced assets (fixed assets, inventories, valuables) and non-produced assets (tangible and intangible).

13.Simplified non-financial accounts

It presents simplified non-financial accounts, from the gross value added to net lending/net borrowing. In this table, the total economy is broken down in three main institutional sectors: corporations, general government, households and non-profit institutions serving households.

oGeneral Government Accounts

11.Government expenditures by function (COFOG)

It provides a breakdown of government expenditure according to their function, following the Classification of the Functions of Government (COFOG).

12.Government deficit/surplus, revenue, expenditure and main aggregates

It provides a faithful image, to the greatest extent possible, of the aggregates and balances of the general government sector of the SNA 2008 conceptual framework. In addition, it brings to light two relevant aggregates that do not belong to this conceptual framework: the total detailed non-financial sector accounts.

14a.Non-financial accounts by sector

It presents the whole set of non-financial accounts, from the production account to the acquisitions of non-financial assets accounts.

The detailed list of the aggregates shown in the above accounts and a description of the codification used in the ANA database can be found in Annex One.

Annex Two contains a list of all existing measures/valuations in Annual National Accounts on OECD.Stat.

A description of the equalities used in the accounts can be found in AnnexThree.

4.Comparable data for countries

The main components of the three approaches of GDP as well as Disposable income and Net lending/ net borrowing have been converted into dollars, indices and per head data measures to allow cross-country comparisons. The three datasets forming “Main aggregates” have been linked to former versions of countries to present long time series. Such data are marked by an “E”, indicating estimates.

Gross Domestic Product (GDP)

  • Gross domestic product – output approach
  • Gross domestic product – expenditure approach
  • Gross domestic product – income approach

Disposable Income and Net lending-Net borrowing

Population and Employment by activity: Data of this table are converted to persons, hours or jobs to ensure comparability.

The detailed transactions are presented in Annex One.

To make data comparable across countries, national volume data have been re-referenced to the official OECD reference year.

When available and possible, comparable data for countries are available for the following measures/valuations:

Current prices

  1. C National currency, current prices
  2. CXCUS $, current prices, current exchange rates*
  3. VXCOBUS $, current prices, constant exchange rates, OECD base year*
  4. CPCUS $, current prices, current PPPs*
  5. VPCOBUS $, current prices, constant PPPs, OECD base year*

Constant prices

  1. VNational currency, constant prices, national base year
  2. VOBNational currency, constant prices, OECD base year
  3. VXVOBUS $, constant prices, constant exchange rates, OECD base year*
  4. VPVOBUS $, constant prices, constant PPPs, OECD base year*
  5. GGrowth rate*

Previous year prices

  1. VPNational currency, constant prices, previous year prices
  2. XVPUS $, previous year prices and previous year exchange rates*
  3. PVPUS $, previous year prices and previous year PPPs*

Per head

  1. HCXCPer head, US $, current prices, current exchange rates*
  2. HVXVOBPer head, US $, constant prices, constant exchange rates, OECD base year*
  3. HCPCPer head, US $, current prices, current PPPs*
  4. HVPVOBPer head, US $, constant prices, constant PPPs, OECD base year*

Index

  1. HCPIXOEPer head, index using current prices and current PPPs, OECD = 100*
  2. HVPIXOEPer head, index using the price levels and PPPs of 2010, OECD = 100*
  3. VIXOBVolume index, OECD base year = 100*
  4. DOBDeflator, OECD base year = 100*

Note: * indicates measures existing for zones and groups of countries (see below).

5.Data for zones (groups of countries)

All OECD countries report their annual accounts to the OECD. This allows the OECD to compute zones and aggregates:

OECD-Total (34 countries)

OECD- Former total (25 countries)

OECD-Europe (25 countries)

Former OECD-Europe (19 countries)

Former European Union (15 countries)

Data are also available for the two following groups of countries which are not all OECD Member countries:

European Union (28 countries) – Source Eurostat

Euro area (18 countries) – Source Eurostat

The detailed composition of these groups is given further below under the heading "7.Abbreviations used".

The measures available for these zones and transactions are indicated by an * in the section “4.Comparable data for countries”.

Data at current prices reported by member countries are converted using current GDP PPPs or exchange rates. Zone aggregates at current prices and PPPs/exchange rates are calculated by sum of the series thus converted.

Zone aggregates at price levels and PPPs or exchange rates of 2010 (OECD base year) are calculated by chaining the sum of the national previous year prices series.

PPPs are rates of conversion that allow expressing different currencies in a common one while eliminating the differences in price levels between countries. When converted by means of PPPs, the expenditure on GDP for different countries is expressed at the same set of international prices so that comparisons between countries reflect only differences in the volume of goods and services purchased. National converted data can then be aggregated to obtain aggregates for groups of countries.

The PPPs converted data are shown in US dollars but the choice of the currency unit is purely a matter of convention anddoes not affect the comparisons between countries or groups of countries. The national series in volume with a reference/base year other than 2010 have been scaled up/down to the price levels of 2010 to allow calculations of data at 2010 price levels for groups of countries.

Statistics for Germany in this database refer to Germany after unification. As official data are available only from 1991 onwards, theOECD has estimated the main aggregates by linking, in 1991, data for Germany and data for West Germany to calculate various zone totals as from 1960.

6.Change over to the Euro (made in January 2002)

National data for all member countries of the European Monetary Union (EMU), also called Euro area, are now expressed in Euros.

Data relating to years prior to entry into the EMU have been converted from the former national currency using the appropriate irrevocable conversion rate. The presentation facilitates comparisons within a country over time and ensures that the historical evolution (i.e. growth rates) is preserved. However, pre-EMU euros are a notional unit and are not normally suitable to form area aggregates or to carry out cross-country comparisons.

7.Abbreviations used

OECD-Total covers 34 member countries of the OECD: Australia, Austria, Belgium, Canada, Chile, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom and United States.

OECD- Former Total coversall the OECD Member countries that have joined the organisation prior 1995, 26 countries in total: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom and United States (OECD Member countries not included in this list: Chile, Czech Republic, Estonia, Hungary, Israel, Poland, the Slovak Republic and Slovenia).

OECD-Europe covers the19 European member countries that have joined the OECD prior 1995: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, Turkey and United Kingdom (European Member countries not included in this list: Czech Republic, Hungary, Poland, Slovak Republic and Slovenia).

European Union – Source Eurostat - 28 countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden, and United Kingdom.

Euro area – Source Eurostat - 18 countries:Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovak Republic, Slovenia and Spain.

..:Not available

–:Nil or negligible

.:Decimal point

E:OECD estimates

NPISHs: Non-profit institutions serving households.

Private Final Consumption Expenditure covers households and NPISHs final consumption expenditure.

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ANNEX ONE

Inventory and codification

Subject Dimension

Subject identifiers and titles are standardised according to the 2008 SNA so the data are comparable. See below the standard set of titles and corresponding subject identifiers. However, when a series is substantially different from the standardised framework, the difference is indicated in a footnote attached to the series.