Economic outlook, analysis and forecasts

EO Sources - Notes to statistical annex tables 43-46: House prices and Other background data

 

A compact file detailing sources and notes by country and account are given in the Economic Outlook Statistical Sources file

For further details of specific variables and coverage issues see:

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If you are looking specifically for explanations of words, abbreviations or concepts, please consult the OECD Statistical Glossary.

 


Table 28 Household wealth and indebtedness
Table 43 House prices
Table 45 House price ratios
Tabel 46 Central government financial balances
Table 62 Maastricht definition of general government gross public debt



Annex Table 28 - Household wealth and indebtedness

Definition: Assets and liabilities are amounts outstanding at the end of the period, in per cent of nominal disposable income. 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.  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.

For individual country notes see Economic Outlook Statistical Sources file (link to Excel file EOSS)

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

Last updated:  December 2011

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Annex Table 43 - House prices

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: December 2011

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Annex Table 45 - House price ratios

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: December 2011

 

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Annex Table 38 - Maastricht definition of general government gross public debt

Definition: For countries in the European Union, 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).

Debt is consolidated within the general government and valued at nominal (face) value. For differences between gross debt according to the Maastricht criterion and the SNA based general government gross financial liabilities concept of the OECD (Annex Table 32) see the Frequently Asked Questions. Historical debt figures (as opposed to debt projections), in national currencies, are provided by Eurostat, the Statistical Office of the European Communities, while GDP figures are provided by national authorities. Over the forecast period, 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: December 2011

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