Published on July 03, 2015
The repercussions of the 2007–2008 financial crisis have acted as an impetus to
improve the quality and availability of statistical information. One such initiative addresses
the importance of compiling a complete accounting of a nation’s wealth, and especially
the wealth of households. This is of particular importance in view of the housing
market’s role in the financial crisis in several countries.
The most valuable item on the households’ balance sheet is usually housing wealth which is composed of the value of the dwelling and its underlying land. Many countries experience difficulties in valuing land and in particular separating the value of the land from the value of the structure. To assist countries, the Eurostat-OECD compilation guide on land estimation represents the first comprehensive overview of conceptual and practical issues related to the compilation of the balance sheet item land in the national accounts, in total and by institutional sector.
The Eurostat-OECD compilation guide on land estimation was prepared by the Task Force on Land and other non-financial assets under the joint leadership of Eurostat and the OECD. Representatives from various European Union (EU) and non-EU OECD countries were represented as well as the European Central Bank.
|Why do we need this compilation guide?|
|Concepts and definitions|
|Classification of land|
|Direct estimations of land|
|Indirect estimations of land|
|Sectorisation and cross‑classification|
|Some special estimation cases|
|The value of land and its contribution to wealth|
|List of abbreviations and acronyms|