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EO Sources - Notes to statistical annex tables 26-28: Saving


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Table 26 Household saving rates
Table 27 Gross national saving
Table 28 Household wealth and indebtedness

Annex Table 26 - Household saving rates

Definition: Household saving in the SNA93/ESA95 system is defined as household disposable income less consumption plus the change in net equity of households in pension funds (since the component is also a determinant of household disposable income but with an opposite sign).
The "household" sector refers in most cases to the household sector (sector S14 in the SNA terminology) plus the non-profit institutions serving households (NPISH, sector S15).
Household disposable income consists essentially of income from employment and from the operation of unincorporated enterprises, plus receipts of interest, dividends and social benefits minus payments of current taxes, interest and social contributions. Household consumption expenditure consists mainly of cash outlays for consumer goods and services.
Most of OECD countries follow SNA93/ESA95 rules. Some countries, including the United States and Canada, have chosen not to include contributions to and benefits from private pension funds in household income, hence deviating from SNA9/ESA95. However, this has no consequences for the definition of saving above.
Household saving rates, defined as the share of household savings in disposable income, are comparable as long as the same disposable income concept is used in the denominator.
Saving rates may be measured on either a net or a gross basis, Net saving rates are measured after deducting consumption of fixed capital (in respect of assets used in unincorporated enterprises and in respect of owner-occupied dwellings) from saving and from the disposable income, so that both saving and disposable income are shown on a net basis. Most countries publish ratios on a net basis.
For individual country notes see Economic Outlook Statistical Sources file

Related links: National Accounts , The 1993 System of National Accounts, Glossary 

Last updated:  December 2011

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Annex Table 27 - Gross national saving

Definition: Gross national income less consumption (private and public).

Sources: National Accounts  and The 1993 System of National Accounts, Glossary 

Last updated:  December 2011


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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