EO Sources - Notes to statistical annex tables 55-63: Other background data

Table 55 Quarterly demand and output projections
Table 56 Quarterly price, cost and unemployment projections
Table 57 Contributions to changes in real GDP in  OECD countries
Table 58 Household wealth and indebtedness
Table 59 House prices
Table 60 House price ratios
Tabel 61 Central government financial balances

Table 62 Maastricht definition of general government gross public debt
Table 63 Monetary and credit aggregates: recent trends

Sources: National Accounts

Last updated: 15 March 2007

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Sources: National Accounts

Last updated: 15 March 2007

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Definition: Contributions are calculated for each demand component of GDP as the absolute change in the current period divided by GDP in the previous period. The individual contributions add up to the growth of GDP. However, this is not the case for countries using chain-weighted GDP.

Sources: National Accounts  

Last updated:  15 March 2007

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Definition: Assets and liabilities are amounts outstanding at the end of the period, in per cent of nominal disposable income. Vertical lines between columns indicate breaks in the series due to changes in the definitions or accounting systems. Definitions apply to those most recent data.  For countries other than the United States, data are based mainly on the UN System of National Accounts 1993 (SNA93), and more specifically, for European Union countries, on the corresponding European System of Accounts 1995 (ESA95). Households include "unincorporated enterprises" or "sole proprietors" (in accordance with SNA 93/ESA 95) and, in the context of this table, Nonprofit Institutions Serving Households, except in the case of Italy. For the United States, the data, based on the Federal Reserve Flow of Funds Accounts, include Nonprofit Organisations, but exclude "unincorporated enterprises" or "sole proprietors".   Net wealth is defined as non-financial and financial assets minus liabilities; net financial wealth is financial assets minus liabilities. Non-financial assets consist mainly of dwellings and land.  For Canada, Germany, Italy and the United States, data also includes durable goods.  For Canada, France, Germany, Japan, the United Kingdom and the United States, data also include non-residential buildings and fixed assets of unincorporated enterprises and of non-profit institutions serving households, although coverage and valuation methods may differ. Financial assets comprise currency and deposits, securities other than shares, loans, shares and other equity, insurance technical reserves; and other accounts receivable/payable. Not included are assets with regard to social security pension insurance schemes. Equities comprise shares and other equity, including quoted, unquoted and mutual fund shares.
Sources: Canada:  Statistics Canada; France: INSEE; Germany: Deutsche Bundesbank and Federal Statistical Office (Destatis); Italy: Banca d'Italia; Japan: Cabinet Office; United Kingdom:  Office for National Statistics; United States: Federal Reserve.

Related links: Household saving rate (Annex Table 23).

Last updated:  21 July 2008-

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Definition:

Sources: Various national sources and Nomisma. See table A.1 in: Girouard, N., M. Kenndy, P. van den Noord and C. André, “Recent house price developments: the role of fundamentals”, OECD Economics Department Working Papers, No. 475, 2006; and OECD estimates.

Related links:

Last updated: 4 July 2007

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Definition:

Sources: Various national sources and Nomisma. See table A.1 in: Girouard, N., M. Kenndy, P. van den Noord and C. André, “Recent house price developments: the role of fundamentals”, OECD Economics Department Working Papers, No. 475, 2006; and OECD estimates.

Related links:

Last updated: 4 July 2007

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Definition: Central government financial balances include one-off operations. The figures for Japan are for the fiscal years beginning 1 April of the year shown. For the United States, the figures exclude deposit insurance outlays, but include the cash flow surplus of federal government employee pension schemes.

Sources: National Accounts

Related links: General government financial balance (Annex Table 27)

Last updated: 22 December 2008

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Definition: Gross debt is specified according to the criteria set out in a protocol to the Maastricht Treaty (see EC Council Regulation No. 3605/93 of 22 November 1993).

 Key features are:

• Debt is consolidated within the general government.

• Debt is specified using ESA definitions as comprising currency and deposits, bills and short-term bonds, long-term bonds, other short-term loans, and other medium and long-term loans. Financial liabilities such as trade credits extended to the government are not included.

• Debt is valued at nominal (face) value.

Gross debt according to the Maastricht criterion differs from the SNA based general government gross financial liabilities concept of the OECD (Annex Table 32) in essentially two respects. First, gross debt according to the Maastricht definition does not include, in the terminology of the ESA/SNA, trade credits and advances, as well as shares and insurance technical reserves. Second, government bonds are valued at nominal values according to the Maastricht definition, but at market value or at issue price plus accrued interest as required by the SNA rules.

For years prior to 2009, the debt figures, in national currencies, are provided by Eurostat, the Statistical Office of the European Communities, unless more recent data are available, while GDP figures are provided by national authorities. The 2009 to 2010 debt ratios are in line with the OECD’s projections for general government gross financial liabilities and GDP.

Sources: Eurostat and OECD

Related links: Gross financial liabilities (Annex Table 32)

Last updated: 17 July 2009

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Definition: M1 is the narrowly defined money supply, i.e. currency plus domestic demand deposits. M2, M3 and M4 are broadly-defined money stocks, which add to M1 domestic savings deposits and other managed liabilities of banks and other financial institutions, and certificates of deposit (CD) in the United Kingdom (M4).
Bank credit: United States: commercial bank loans; Japan: commercial bank loans and discount; euro area: loans to euro area residents; United Kingdom: bank credit to industry and other sectors; Canada: total credit to households and business.

Sources: Monetary aggregates are obtained from national data sources. European Central Bank for euro area data. Bank credit information is obtained from OECD, Main Economic Indicators.

Last updated:  17 July 2009 

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