1. Summary of the System of National Accounts
Summery of the system of National Accounts
10 November 2006
Summary of the System of National Accounts
Gerard Eding
Statistics Netherlands

2. The core of the system of National Accounts
Supply and use tables
Sector accounts
SAM
NAMEA RA
TSA
Labour accounts

3. The core of the system of National Accounts
Summery of the system of National Accounts
10 November 2006
The core of the system of National Accounts
Supply and Use Tables
Description of production process
Local KAUs and industries
Institutional Sector Accounts
Description of all economic processes
Institutional units and sectors
Labour Accounts
Description of the labour market
Statistics Netherlands

4. The core of the system of National Accounts
Summery of the system of National Accounts
10 November 2006
The core of the system of National Accounts
Supply and Use Tables
Framework, terminology, valuation, source data, current and constant prices
Integration and balancing
TRANSACTION IDENTITY
For each product:
Total Supply = Total Use/Demand
Statistics Netherlands

5. The core of the system of National Accounts
Summery of the system of National Accounts
10 November 2006
The core of the system of National Accounts
Institutional Sector Accounts
Introduction of basics for each institutional sector, integration and balancing
TRANSACTION IDENTITY
For each transaction category:
Total payments = Total receipts
BUDGET IDENTITY
For each unit/sector:
Total uses = Total resources
(BI of current/capital transactions = BI of financial transactions)
Statistics Netherlands

6. The core of the system of National Accounts
Summery of the system of National Accounts
10 November 2006
The core of the system of National Accounts
Institutional Sector Accounts
BALANCE SHEET IDENTITY
For each balance sheet item (including Net Worth):
Change between value at end of the year and value at beginning of the year =
Transaction in capital/financial accounts +
Holding gains/losses +
Other changes in volume
Statistics Netherlands

7. The core of the system of National Accounts
Summery of the system of National Accounts
10 November 2006
The core of the system of National Accounts
Labour accounts
Labour variables consistent within National Accounts:
Wages
Social contributions
Consistency between variables automatically leads to correct estimates for derived variables, such as
Labour productivity
Statistics Netherlands

8. The core of the system of National Accounts
Summery of the system of National Accounts
10 November 2006
The core of the system of National Accounts
SYSTEM OF NATIONAL ACCOUNTS IS A CLOSED SYSTEM WITH BASIC IDENTITIES
A FRAMEWORK FOR INTEGRATING AND BALANCING OF DATA
(= VALUE ADDED OF NATIONAL ACCOUNTING)
NOT ONLY: A SYSTEM FOR PRESENTATION AND ANALYSIS OF DATA
Statistics Netherlands

9. Extensions of the system of National Accounts
Summery of the system of National Accounts
10 November 2006
Extensions of the system of National Accounts
Short term data: quarterly national accounts
Regional accounts
Satellite accounting
Namea
SAM / NAM
TSA
Statistics Netherlands

10. International developments, guidelines and related issues
System of National Accounts 1993
United Nations, OECD, Eurostat, IMF and World Bank (=> ISWGNA)
Update in process:
Realisation: 2008
Advisory Expert Group (AEG) => country consultation => UN Statistical Commission
Main issues: non-financial assets (R&D, leases and licenses, etc.), pensions, government output, financial innovations, … (total of 44 issues)

11. International developments, guidelines and related issues
European System of Accounts 1995
Regulation (not guidelines)
Relevant EU discussion groups:
WP on National Accounts
WP on Financial Accounts
CMFB
Procedure for changing regulation: SPC => Council Working Group => ECOFIN
Specific manuals: government debt and deficit, volume and price measurement, etc.

12. International developments, guidelines and related issues
Administrative uses of NA-data
EU Own Resources: GNI and VAT => GNI Committee
EU Structural Funds: Regional GDP
EMU-criteria for Government Deficit and Debt => CMFB
Procedures:
Inventories
Visits by Eurostat
European Court of Auditors
Administrative use: good or bad?

13. NATIONAL ACCOUNTS IN PRACTICE – Hands on
Summery of the system of National Accounts
10 November 2006
NATIONAL ACCOUNTS IN PRACTICE – Hands on
Statistics Netherlands