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Show/Hide section   IEAQ - ESA95 quarterly euro area accounts (discontinued)

 
ADMINISTRATIVE INFORMATION
  Title IEAQ - Quarterly Euro Area Accounts (discontinued)
  Data source ECB and Eurostat
  Contact email address Statistical Information Request form
  Contact organisation European Central Bank
 
SCOPE
  Data presentation - Summary description ESA95 quarterly euro area accounts (discontinued) 
  Data presentation - Detailed description The European sector accounts provide a comprehensive and comparable overview of the European economy as a whole. They record all “transactions” between economic agents grouped by “sector”. Stocks of assets and liabilities are recorded in balance sheets. The system forms a sequence of interlinked accounts. The institutional sectors bring together economic agents with broadly similar behaviour: non-financial corporations (code S.11), financial corporations (S.12), general government (S.13), households and non-profit institutions serving households (S.14 + S.15). Moreover, an additional sector detail of MFIs (S12K), OFIs (S12P) and insurance corporations and pension funds (S125) is provided for financial transactions and stocks. Transactions and financial claims between economic agents resident in the euro area/EU25 and economic agents resident elsewhere are recorded in the “rest of the world” (S.2) accounts. The sector accounts thus show the interactions among the different sectors of the European economy, and between them and the rest of the world. Transactions are classified according to their economic nature (e.g.: payment and receipt of wages or taxes, consumption, assumption of a loan, etc.). For each transaction in the current accounts (and for capital transfers) “resources” and “uses” are recorded. For instance, the resources side of the transaction category “interest” records the amounts of interest receivable by the different sectors of the economy. The uses side shows interest payable. For each type of transaction, total resources of all sectors and the rest of the world equal total uses. For the transactions in the capital accounts (other than capital transfers) and the financial accounts, the distinction is between “changes in liabilities” and “changes in assets”. Transactions are grouped into a sequence of accounts covering a specific aspect of the economic process, ranging from production, generation and (re)distribution of income through consumption and investment to borrowing and lending. Each account leads to a balancing item, which is calculated as total resources minus total uses or total changes in financial assets minus total changes in liabilities. Balance sheets record for each domestic sector the (non-financial and financial) assets and liabilities valued at market prices on the date to which the balance sheet relates. At present, only financial balance sheets are available, and these are only available for the euro area. The external financial assets and liabilities account shows the financial position of the euro area vis-à-vis the rest of the world and vice versa. The financial balance sheets group similar types of financial instrument into financial asset and liability categories, such as holdings of deposits, loans and shares. The changes in financial balance sheets can be divided into changes arising from financial transactions and other changes. The financial transactions cover net acquisitions of financial assets and net incurrence of liabilities, while the other changes mainly reflect revaluations due to changes in the market prices of financial instruments.
 
METHODOLOGICAL INFORMATION
  Time period Quarterly
  Accounting conventions Timing of observations: Accrual
Types of prices: Current prices
  Valuation Market prices
 
STATISTICAL PROCESSING
  Adjustment Not seasonally adjusted
 
QUALITY
  Timeliness Approximately t+120 days
 
MISCELLANEOUS
  Metadata last update 04/JAN/2019 12:21:16

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