ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR

Euro area
1999
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
1399507 803123 281708 3271004 5755341 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 679889

6435230 B.1g* (1) Gross Domestic Product (GDP)

242391 120180 32159 506272 901002 K.1 Consumption of fixed capital

1157116 682943 249549 2764732 5534228 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 6435230 3271004 281708 803123 1399507

330330 679235 163831 1987362 3160759 14159 3174918 D.1 Compensation of employees

745321 D.21 Taxes on products

36375 13967 12098 100563 163003 D.29 Other taxes on production

D.31 Subsidies on products 65432

D.39 Other subsidies on production 68344 50617 776 3887 13063

1045866 113807 106554 1233696 2499923 B.2g(2) Gross operating surplus

242391 120180 32159 506272 901002 K.1 Consumption of fixed capital

803475 -6373 74395 727424 1598921 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
1999
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 2499923 1233696 106554 113807 1045866

D.1 Compensation of employees 3174918 6054 3168863 3168863

D.2 Taxes on production and imports 908324 36597 871727 871727

D.21 Taxes on products 745321 36597 708724 708724

D.29 Other taxes on production 163003 0 163003 163003

98487 98487 35289 133776 D.3 Subsidies

36911 36911 28521 65432 D.31 Subsidies on products

61576 61576 6768 68344 D.39 Other subsidies on production

129167 260493 935406 743183 2068249 208047 2276296 D.4 Property income 2276296 250661 2025635 229092 933885 62161 800496

121519 260392 669756 178612 1230279 157839 1388118 D.41 Interest 1388118 176903 1211215 97592 829457 25311 258856

7648 101 265650 564571 837970 50208 888178 D.4N Property income other than interest 888178 73758 814419 131500 104429 36850 541641

4886058 688715 105033 719605 6399412 B.5g / B.5*g Balance of primary incomes, gross / gross national income

242391 120180 32159 506272 901002 K.1 Consumption of fixed capital

4643667 568535 72874 213333 5498410 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1233696 106554

669756 178612 D.41 Interest 97592 829457

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

236786 1278853 B.4g Entrepreneurial income, gross

32159 506272 K.1 Consumption of fixed capital

204626 772581 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
1999
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 6399412 719605 105033 688715 4886058

636062 1927 37068 125685 800743 4752 805495 D.5 Current taxes on income, wealth, etc. 805495 1748 803747 803747

1203496 1203496 2079 1205575 D.61 Social contributions 1205575 3234 1202341 60721 105085 1033375 3160

4346 1068890 73357 52352 1198945 2632 1201577 D.62 Social benefits other than social transfers in kind 1201577 9186 1192391 1192391

211320 107193 151234 66506 536252 27531 563783 D.7 Other current transfers 563783 62762 501021 34595 154063 52144 260219

110961 1436 2200 31037 145634 4942 150576 D.71 Net non-life insurance premiums 150576 3454 147122 147122 0

147122 147122 2352 149475 D.72 Non-life insurance claims 149475 5591 143883 26140 1944 838 114961

100359 105757 1912 35469 243496 20236 263732 D.7N Other current transfers but non-life insurance premiums & claims 263732 53717 210015 8454 4996 51306 145258

4286604 1399971 102523 570378 6359476 B.6g Gross disposable income

242391 120180 32159 506272 901002 K.1 Consumption of fixed capital

4044213 1279791 70364 64106 5458473 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 6359476 570378 102523 1399971 4286604

3713895 1277142 4991037 P.3 Final consumption expenditure

3713895 744080 4457975 P.31 Individual consumption expenditure

533062 533062 P.32 Collective consumption expenditure

Adjustment for the change in net equity of households in pension funds
333 3 34222 11486 46044 150 46194 D.8 46194 0 46194 46194
reserves
618570 122826 68301 558892 1368589 B.8g Gross saving

242391 120180 32159 506272 901002 K.1 Consumption of fixed capital

376179 2646 36142 52620 467586 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
1999
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
1074939 P.6 Exports of goods and services

820743 P.61 Exports of goods

254196 P.62 Exports of services

P.7 Imports of goods and services 1036441

P.71 Imports of goods 773163

P.72 Imports of services 263279

-38498 B.11 External balance of goods & services

10021299 294638 10315937 D.1 to D.8 Primary incomes and current transfers 10315937 370243 9945694

37107 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 504693 37107 467586 52620 36142 2646 376179

28800 85194 24189 5600 143783 21096 164879 D.9 Capital transfers 164879 8206 156673 60692 4759 32513 58709

15947 9 576 16532 0 16532 D.91 Capital taxes 16532 0 16532 16532

12854 85194 24180 5024 127251 21096 148347 D.9N Investment grants and other capital tranfers 148347 8206 140141 60692 4759 15981 58709

406088 -50036 16712 107712 480476 24217 504693 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 504693 24217 480476 107712 16712 -50036 406088

451838 162021 41316 750520 1405695 1405695 P.5 Gross capital formation

444587 161065 40900 732151 1378702 1378702 P.51 Gross fixed capital formation

7251 956 416 18370 26993 26993 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 901002 901002 506272 32159 120180 242391

-2856 -150 999 2146 138 -138 0 K.2 Acquisitions less disposals of non-produced non-financial assets

199497 -91727 6557 -138682 -24354 24355 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
1999
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) : : : : : : :

: : : : : : : AF Total financial assets/ total liabilities : : : : : : :

: : : AF.1 Monetary gold and special drawing rights (SDRs)

: : : : : : : AF.2 Currency and deposits : : : : : :

: : : : : : : AF.33 Debt securities, excluding financial derivatives : : : : : :

: : : : : : : AF.331 Original maturity up to 1 year : : : : : :

: : : : : : : AF.332 Original maturity above 1 year : : : : : :

: : : : : : : AF.4 Loans : : : : : : :

: : : : : AF.41 Original maturity up to 1 year : : : : :

: : : : : AF.42 Original maturity above 1 year : : : : :

: : : : : : : AF.5 Shares and other equity : : : : : : :

: : : : : AF.51 Shares and other equity, excluding mutual fund shares : : : : :

: : : : : AF.511 Quoted shares : : :

: : : : : AF.512 + AF.513 Unquoted shares and other equity : : : : :

: : : : : AF.52 Mutual fund shares : :

: : : : : : : AF.6 Insurance technical reserves : : : : : :

: : : : AF.61 Net equity of households in life insurance reserves and in pension fund : : : : : :

: : : : : : : AF.62 Prepayments of insurance premiums and reserves for outstanding claim : : :

: : : : : : : AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives : : : : : : :

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
1999
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 24355 -24354 -138682 6557 -91727 199497

B.9 - B.9F Statistical discrepancy #REF! #REF! 0 -11457 0 0 11457

B.9F Net lending (+) / net borrowing (+) from financial accounts #REF! #REF! -24354 -127225 6557 -91727 188040

516654 48980 2193485 716035 3475153 691486 4166638 F Total changes in financial assets/ liabilities 4166638 667131 3499507 843260 2186928 140707 328613

-1263 -1263 1263 0 F.1 Monetary gold and special drawing rights (SDRs)
127593 30816 418821 10667 587896 190338 778235 F.2 Currency and deposits 778235 -123806 902041 0 877242 24799

-53292 7122 462531 79719 496081 188157 684238 F.33 Debt securities, excluding financial derivatives 684239 152202 532036 44215 374840 112982

-27352 1237 46016 33555 53457 38546 92003 F.331 Original maturity up to 1 year 92003 18202 73801 26559 105474 -58233

-25940 5885 416515 46164 442624 149612 592236 F.332 Original maturity above 1 year 592235 134000 458235 17655 269365 171215

-5855 10781 718264 162602 885792 62299 948090 F.4 Loans 948091 200348 747743 351054 112246 -9649 294092

962 8975 212874 81797 304609 F.41 Original maturity up to 1 year 223661 148045 42796 8785 24035

-6817 1806 505389 80805 581183 F.42 Original maturity above 1 year 524081 203009 69450 -18434 270056

186249 -34981 512273 337919 1001459 234590 1236050 F.5 Shares and other equity 1236050 408969 827080 307138 519788 123 32

28547 -41882 371768 309717 668150 F.51 Shares and other equity, excluding mutual fund shares 369446 307138 62154 123 32

16511 -23283 272655 136620 402503 F.511 Quoted shares 185195 147494 37701

12037 -18600 99113 173097 265647 F.512 + F.513 Unquoted shares and other equity 184252 159644 24453 123 32

157702 6901 140505 28202 333309 F.52 Mutual fund shares 457634 457634

245603 175 11393 5695 262866 1911 264777 F.6 Insurance technical reserves 264777 264777 11101 252200 20 1456

228105 228105 -426 227679 F.61 Net equity of households in life insurance reserves and in pension fund 227679 227679 11101 215102 20 1456

17498 175 11393 5695 34761 2337 37098 F.62 Prepayments of insurance premiums and reserves for outstanding claim 37098 37098 37098

16355 35066 71467 119433 242321 12927 255248 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives 255248 29418 225831 129752 50613 12431 33034
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
1999
(million euros, current prices)

(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets

Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth 122149 605576 -483428 -6438144 -243007 -3007993 9205717

12310793 2174282 24136604 9156435 47778114 5744368 53522482 AF Total changes in financial assets/ liabilities 53400331 5138792 48261539 15594576 24379609 5182275 3105078

122148 122148 122148 AF.1 Monetary gold and special drawing rights (SDRs)
3869241 397652 5319507 914794 10501193 1656717 12157910 AF.2 Currency and deposits 12157913 1301251 10856662 30000 10561225 265433

1061148 125994 5130857 409530 6727529 1110717 7838246 AF.33 Debt securities, excluding financial derivatives 7838246 1110389 6727857 337178 2787658 3603021

92333 30427 524221 79523 726504 162434 888939 AF.331 Original maturity up to 1 year 888939 90282 798657 60731 232945 504981

968814 95566 4606636 330007 6001024 948282 6949306 AF.332 Original maturity above 1 year 6949307 1020107 5929200 276447 2554713 3098040

63852 389234 7515591 757170 8725847 521564 9247411 AF.4 Loans 9247410 877970 8369441 3381876 1139686 1081986 2765895

10825 21589 1994684 261872 2288970 AF.41 Original maturity up to 1 year 1920156 1130731 487082 66465 235879

53028 367644 5520907 495298 6436878 AF.42 Original maturity above 1 year 6449285 2251145 652604 1015521 2530016

4323331 875949 5355078 4786783 15341142 2196438 17537580 AF.5 Shares and other equity 17537578 1519026 16018551 9507460 6506598 2215 2280

2950852 842111 4563190 4538202 12894354 AF.51 Shares and other equity, excluding mutual fund shares 13169449 9507460 3657492 2215 2280

1178874 411005 2392341 1356877 5339097 AF.511 Quoted shares 5566222 4229640 1336581

1771978 431106 2170848 3181325 7555258 AF.512 + AF.513 Unquoted shares and other equity 7603225 5277819 2320911 2215 2280

1372479 33838 791888 248581 2446787 AF.52 Mutual fund shares 2849106 2849106

2707661 1747 90147 90996 2890551 101606 2992157 AF.6 Insurance technical reserves 2992157 2992157 231724 2741172 93 19168

2515338 2515338 48837 2564175 AF.61 Net equity of households in life insurance reserves and in pension fund 2564175 2564175 231724 2313190 93 19168

192324 1747 90147 90996 375213 52769 427982 AF.62 Prepayments of insurance premiums and reserves for outstanding claim 427983 427983 427983

285562 383706 603275 2197162 3469706 157327 3627033 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 3627032 330157 3296875 2106342 643271 229527 317736
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
1999
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 120885 571600 -450715 -6805752 103294 -3103659 9355403

12805100 2223262 26597470 9807853 51433680 6533393 57967073 AF Total financial assets/ total liabilities 57846193 5961793 51884400 16613600 26494170 5326921 3449700

120885 120885 120885 AF.1 Monetary gold and special drawing rights (SDRs)
4021498 428468 5937114 806183 11193260 1859730 13052990 AF.2 Currency and deposits 13052992 1284282 11768710 30000 11448480 290232

983308 133116 5665884 485760 7268067 1370463 8638530 AF.33 Debt securities, excluding financial derivatives 8638530 1365729 7272801 379987 3176811 3716003

75717 31665 372331 110320 590033 358678 948711 AF.331 Original maturity up to 1 year 948711 76738 871973 86720 338504 446748

907591 101451 5293553 375439 6678035 1011785 7689820 AF.332 Original maturity above 1 year 7689819 1288991 6400828 293267 2838306 3269255

58040 400015 8245545 996967 9700566 638552 10339118 AF.4 Loans 10339118 1118782 9220336 3936863 1060738 1072337 3150398

11801 30565 2192691 369023 2604079 AF.41 Original maturity up to 1 year 2154918 1343681 426359 75250 309628

46239 369450 6052853 627944 7096487 AF.42 Original maturity above 1 year 7065418 2593182 634380 997087 2840770

4509050 840968 5848136 5166844 16365000 2413961 18778961 AF.5 Shares and other equity 18778963 1877123 16901840 9857268 7039899 2338 2331

2985911 800228 4925768 4887771 13599680 AF.51 Shares and other equity, excluding mutual fund shares 13595100 9857268 3733159 2338 2331

1204685 387722 2573100 1523133 5688641 AF.511 Quoted shares 5750729 4376365 1374365

1781225 412506 2352667 3364638 7911037 AF.512 + AF.513 Unquoted shares and other equity 7844367 5480903 2358794 2338 2331

1523140 40740 922369 279073 2765321 AF.52 Mutual fund shares 3306740 3306740

2953470 1923 101545 96703 3153640 103284 3256924 AF.6 Insurance technical reserves 3256924 3256924 242820 2993367 113 20624

2743629 2743629 48215 2791844 AF.61 Net equity of households in life insurance reserves and in pension fund 2791844 2791844 242820 2528287 113 20624

209841 1923 101545 96703 410012 55068 465080 AF.62 Prepayments of insurance premiums and reserves for outstanding claim 465080 465080 465080

279738 418773 678356 2255397 3632263 147404 3779667 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 3779666 315877 3463789 2166667 774878 245898 276347
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2000
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
1468285 835990 286316 3473127 6063719 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 706951

6770670 B.1g* (1) Gross Domestic Product (GDP)

255833 125289 34515 543631 959267 K.1 Consumption of fixed capital

1212452 710702 251801 2929496 5811402 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 6770670 3473127 286316 835990 1468285

346089 704277 171929 2104536 3326830 15229 3342059 D.1 Compensation of employees

773205 D.21 Taxes on products

37603 14793 11877 103448 167720 D.29 Other taxes on production

D.31 Subsidies on products 66253

D.39 Other subsidies on production 67934 49017 1007 4968 12943

1097536 121889 103518 1314160 2637103 B.2g(2) Gross operating surplus

255833 125289 34515 543631 959267 K.1 Consumption of fixed capital

841703 -3400 69003 770529 1677835 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2000
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 2637103 1314160 103518 121889 1097536

D.1 Compensation of employees 3342059 6960 3335099 3335099

D.2 Taxes on production and imports 940925 40308 900617 900617

D.21 Taxes on products 773205 40308 732897 732897

D.29 Other taxes on production 167720 0 167720 167720

98937 98937 35250 134188 D.3 Subsidies

37122 37122 29132 66253 D.31 Subsidies on products

61816 61816 6119 67934 D.39 Other subsidies on production

155998 264661 1109573 866517 2396749 282541 2679290 D.4 Property income 2679290 328581 2350709 291582 1137987 63991 857149

148078 264556 805478 229628 1447740 204130 1651871 D.41 Interest 1651871 226782 1425089 131075 982183 29465 282366

7920 105 304095 636889 949009 78411 1027419 D.4N Property income other than interest 1027419 101799 925620 160507 155805 34526 574783

5133787 722898 131932 739225 6727841 B.5g / B.5*g Balance of primary incomes, gross / gross national income

255833 125289 34515 543631 959267 K.1 Consumption of fixed capital

4877954 597609 97417 195593 5768574 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1314160 103518

805478 229628 D.41 Interest 131075 982183

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

295466 1370145 B.4g Entrepreneurial income, gross

34515 543631 K.1 Consumption of fixed capital

260952 826513 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2000
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 6727841 739225 131932 722898 5133787

674106 1795 40033 138366 854300 4421 858721 D.5 Current taxes on income, wealth, etc. 858721 1777 856944 856944

1254264 1254264 2375 1256639 D.61 Social contributions 1256639 3553 1253086 70863 107561 1071553 3109

4168 1097226 79974 52996 1234364 2670 1237034 D.62 Social benefits other than social transfers in kind 1237034 9651 1227383 1227383

225429 115556 159230 71303 571519 25948 597467 D.7 Other current transfers 597467 67380 530087 38641 161358 52271 277817

116058 1583 2624 33103 153368 4257 157625 D.71 Net non-life insurance premiums 157625 3578 154046 154046 0

154046 154046 2575 156621 D.72 Non-life insurance claims 156621 5129 151493 27982 2371 919 120220

109371 113974 2561 38200 264105 19116 283221 D.7N Other current transfers but non-life insurance premiums & claims 283221 58673 224548 10659 4941 51352 157597

4484129 1489089 121613 586062 6680893 B.6g Gross disposable income

255833 125289 34515 543631 959267 K.1 Consumption of fixed capital

4228296 1363801 87098 42431 5721626 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 6680893 586062 121613 1489089 4484129

3921624 1339565 5261189 P.3 Final consumption expenditure

3921624 783950 4705574 P.31 Individual consumption expenditure

555615 555615 P.32 Collective consumption expenditure

Adjustment for the change in net equity of households in pension funds
321 2 34558 13092 47973 158 48131 D.8 48131 0 48131 48131
reserves
610314 149523 87055 572970 1419862 B.8g Gross saving

255833 125289 34515 543631 959267 K.1 Consumption of fixed capital

354481 24234 52540 29339 460594 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2000
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
1294541 P.6 Exports of goods and services

995931 P.61 Exports of goods

298609 P.62 Exports of services

P.7 Imports of goods and services 1304489

P.71 Imports of goods 996006

P.72 Imports of services 308483

9948 B.11 External balance of goods & services

10725863 368592 11094454 D.1 to D.8 Primary incomes and current transfers 11094454 458211 10636244

99567 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 560162 99567 460594 29339 52540 24234 354481

28513 85831 20021 7613 141977 21695 163671 D.9 Capital transfers 163671 8449 155222 60270 4667 32072 58213

16874 10 576 17460 0 17460 D.91 Capital taxes 17460 0 17460 17460

11639 85831 20010 7037 124517 21695 146211 D.9N Investment grants and other capital tranfers 146211 8449 137763 60270 4667 14612 58213

384182 -29525 37187 81996 473840 86321 560161 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 560161 86321 473840 81996 37187 -29525 384182

473047 168450 45756 832176 1519429 1519429 P.5 Gross capital formation

466497 169141 43531 801057 1480224 1480224 P.51 Gross fixed capital formation

6551 -690 2225 31119 39205 39205 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 959267 959267 543631 34515 125289 255833

-5014 -68667 1332 72909 560 -560 0 K.2 Acquisitions less disposals of non-produced non-financial assets

171981 -4019 24613 -279457 -86882 86882 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2000
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) 120885 571600 -450715 -6805752 103294 -3103659 9355403

12805100 2223262 26597470 9807853 51433680 6533393 57967073 AF Total financial assets/ total liabilities 57846193 5961793 51884400 16613600 26494170 5326921 3449700

120885 120885 120885 AF.1 Monetary gold and special drawing rights (SDRs)
4021498 428468 5937114 806183 11193260 1859730 13052990 AF.2 Currency and deposits 13052992 1284282 11768710 30000 11448480 290232

983308 133116 5665884 485760 7268067 1370463 8638530 AF.33 Debt securities, excluding financial derivatives 8638530 1365729 7272801 379987 3176811 3716003

75717 31665 372331 110320 590033 358678 948711 AF.331 Original maturity up to 1 year 948711 76738 871973 86720 338504 446748

907591 101451 5293553 375439 6678035 1011785 7689820 AF.332 Original maturity above 1 year 7689819 1288991 6400828 293267 2838306 3269255

58040 400015 8245545 996967 9700566 638552 10339118 AF.4 Loans 10339118 1118782 9220336 3936863 1060738 1072337 3150398

11801 30565 2192691 369023 2604079 AF.41 Original maturity up to 1 year 2154918 1343681 426359 75250 309628

46239 369450 6052853 627944 7096487 AF.42 Original maturity above 1 year 7065418 2593182 634380 997087 2840770

4509050 840968 5848136 5166844 16365000 2413961 18778961 AF.5 Shares and other equity 18778963 1877123 16901840 9857268 7039899 2338 2331

2985911 800228 4925768 4887771 13599680 AF.51 Shares and other equity, excluding mutual fund shares 13595100 9857268 3733159 2338 2331

1204685 387722 2573100 1523133 5688641 AF.511 Quoted shares 5750729 4376365 1374365

1781225 412506 2352667 3364638 7911037 AF.512 + AF.513 Unquoted shares and other equity 7844367 5480903 2358794 2338 2331

1523140 40740 922369 279073 2765321 AF.52 Mutual fund shares 3306740 3306740

2953470 1923 101545 96703 3153640 103284 3256924 AF.6 Insurance technical reserves 3256924 3256924 242820 2993367 113 20624

2743629 2743629 48215 2791844 AF.61 Net equity of households in life insurance reserves and in pension fund 2791844 2791844 242820 2528287 113 20624

209841 1923 101545 96703 410012 55068 465080 AF.62 Prepayments of insurance premiums and reserves for outstanding clai 465080 465080 465080

279738 418773 678356 2255397 3632263 147404 3779667 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 3779666 315877 3463789 2166667 774878 245898 276347
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2000
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 86882 -86882 -279457 24613 -4019 171981

B.9 - B.9F Statistical discrepancy 0 0 0 12486 0 0 -12486

B.9F Net lending (+) / net borrowing (+) from financial accounts 0 86882 -86882 -291942 24613 -4019 184467

471279 78341 1861151 1065525 3476296 1071183 4547478 F Total changes in financial assets/ liabilities 4547479 984301 3563178 1357467 1836538 82360 286812

-1309 -1309 1309 0 F.1 Monetary gold and special drawing rights (SDRs)
48681 47543 177360 79282 352866 255255 608121 F.2 Currency and deposits 608122 37350 570771 0 567943 2828

38291 14901 151060 103838 308090 255086 563175 F.33 Debt securities, excluding financial derivatives 563175 102646 460529 71895 286935 101699

-1484 -1625 9239 31907 38036 8681 46717 F.331 Original maturity up to 1 year 46717 8737 37979 35159 26821 -24001

39775 16525 141821 71932 270053 246405 516458 F.332 Original maturity above 1 year 516458 93909 422549 36736 260114 125700

1246 6489 700414 204401 912550 169262 1081812 F.4 Loans 1081812 150212 931600 629876 113694 -29124 217154

309 8477 250923 99558 359267 F.41 Original maturity up to 1 year 325917 292762 17718 3637 11801

937 -1988 449490 104843 553282 F.42 Original maturity above 1 year 605682 337114 95976 -32761 205353

113003 -708 764781 525200 1402276 353195 1755471 F.5 Shares and other equity 1755471 659959 1095512 516662 578301 109 440

25630 -13122 567237 521183 1100928 F.51 Shares and other equity, excluding mutual fund shares 648750 516662 131539 109 440

-3734 -4277 369414 224116 585518 F.511 Quoted shares 236838 192558 44280

29364 -8845 197823 297067 515410 F.512 + F.513 Unquoted shares and other equity 411912 324104 87259 109 440

87373 12414 197544 4017 301348 F.52 Mutual fund shares 446762 446762

248158 71 6125 3519 257872 1861 259733 F.6 Insurance technical reserves 259733 259733 12283 245861 8 1580

241958 241958 -357 241601 F.61 Net equity of households in life insurance reserves and in pension fund 241601 241601 12283 227729 8 1580

6200 71 6125 3519 15914 2218 18132 F.62 Prepayments of insurance premiums and reserves for outstanding clai 18132 18132 18132

21901 10045 62721 149284 243952 35214 279166 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives 279166 34133 245032 126751 43804 6839 67639
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2000
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth 2599 -19436 22035 460461 -291859 -113112 -33455

-33472 -62852 -135255 288518 56939 -17919 39020 AF Total changes in financial assets/ liabilities 36421 1517 34904 -171943 156604 50260 -16

2599 2599 2599 AF.1 Monetary gold and special drawing rights (SDRs)
5992 964 21764 3683 32403 59317 91719 AF.2 Currency and deposits 91719 29188 62531 0 62593 -62

41094 -3129 50901 -25778 63088 12552 75639 AF.33 Debt securities, excluding financial derivatives 75639 28775 46864 -1860 19484 29241

-2708 -306 -9205 -22226 -34445 35172 728 AF.331 Original maturity up to 1 year 728 -1964 2692 1326 1584 -218

43802 -2823 60105 -3552 97532 -22621 74912 AF.332 Original maturity above 1 year 74912 30740 44172 -3186 17900 29459

-718 -471 27461 107555 133826 -667 133160 AF.4 Loans 133160 39249 93911 84126 10203 58 -477

-766 -5307 34693 2864 31485 AF.41 Original maturity up to 1 year 39340 -1566 45123 -5761 1544

48 4835 -7232 104690 102341 AF.42 Original maturity above 1 year 54571 85692 -34920 5820 -2020

-92107 -65319 -245822 117167 -286081 -108787 -394867 AF.5 Shares and other equity -394868 -103783 -291085 -347040 55200 -5 760

-26576 -64764 -244883 122636 -213586 AF.51 Shares and other equity, excluding mutual fund shares -243152 -347040 103134 -5 760

-15165 -101353 -203386 -15521 -335425 AF.511 Quoted shares -355922 -378420 22499

-11411 36589 -41497 138157 121839 AF.512 + AF.513 Unquoted shares and other equity 112770 31380 80635 -5 760

-65531 -555 -939 -5469 -72494 AF.52 Mutual fund shares -47933 -47933

-4112 1 296 336 -3480 89 -3391 AF.6 Insurance technical reserves -3391 -3391 -11 -3378 -1 -1

-4547 -4547 112 -4434 AF.61 Net equity of households in life insurance reserves and in pension fund -4434 -4434 -11 -4421 -1 -1

434 1 296 336 1067 -24 1043 AF.62 Prepayments of insurance premiums and reserves for outstanding clai 1043 1043 1043

16379 5103 7547 85555 114585 19577 134162 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 134162 8087 126075 92843 12501 21029 -298
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2000
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 122175 637737 -515562 -6637234 -163953 -3220790 9506415

13242910 2238751 28323360 11161890 54966920 7585348 62552268 AF Total financial assets/ total liabilities 62430091 6947611 55482480 17799130 28487310 5459541 3736497

122175 122175 122175 AF.1 Monetary gold and special drawing rights (SDRs)
4076171 476975 6136239 889148 11578530 2174302 13752832 AF.2 Currency and deposits 13752831 1350821 12402010 30000 12079010 292998

1062693 144888 5867844 563820 7639244 1638100 9277344 AF.33 Debt securities, excluding financial derivatives 9277344 1497150 7780194 450022 3483229 3846943

71525 29734 372365 120001 593624 402532 996156 AF.331 Original maturity up to 1 year 996156 83511 912644 123205 366909 422530

991168 115154 5495479 443819 7045620 1235569 8281189 AF.332 Original maturity above 1 year 8281189 1413639 6867550 326817 3116320 3424413

58568 406033 8973419 1308923 10746940 807148 11554088 AF.4 Loans 11554094 1308244 10245850 4650864 1184636 1043272 3367075

11344 33735 2478307 471445 2994832 AF.41 Original maturity up to 1 year 2520175 1634876 489200 73126 322972

47224 372298 6495111 837477 7752110 AF.42 Original maturity above 1 year 7725672 3015988 695436 970146 3044103

4529947 774941 6367095 5809211 17481190 2658369 20139559 AF.5 Shares and other equity 20139559 2433299 17706260 10026890 7673401 2442 3531

2984965 722343 5248122 5531590 14487020 AF.51 Shares and other equity, excluding mutual fund shares 14000700 10026890 3967832 2442 3531

1185786 282092 2739128 1731728 5938734 AF.511 Quoted shares 5631646 4190503 1441143

1799179 440251 2508994 3799862 8548286 AF.512 + AF.513 Unquoted shares and other equity 8369049 5836388 2526689 2442 3531

1544982 52598 1118973 277621 2994174 AF.52 Mutual fund shares 3705569 3705569

3197515 1994 107965 100558 3408032 105233 3513265 AF.6 Insurance technical reserves 3513265 3513265 255092 3235850 120 22203

2981040 2981040 47971 3029011 AF.61 Net equity of households in life insurance reserves and in pension fund 3029010 3029010 255092 2751595 120 22203

216475 1994 107965 100558 426992 57263 484255 AF.62 Prepayments of insurance premiums and reserves for outstanding clai 484255 484255 484255

318018 433921 748624 2490236 3990799 202195 4192994 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 4192994 358097 3834898 2386260 831183 273766 343688
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2001
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
1536397 868230 290303 3666118 6361047 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 719843

7080890 B.1g* (1) Gross Domestic Product (GDP)

267197 130037 36511 573936 1007682 K.1 Consumption of fixed capital

1269199 738193 253792 3092181 6073209 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 7080890 3666118 290303 868230 1536397

360380 730050 176996 2204710 3472136 17009 3489145 D.1 Compensation of employees

786976 D.21 Taxes on products

37999 15233 12946 105114 171292 D.29 Other taxes on production

D.31 Subsidies on products 67133

D.39 Other subsidies on production 69787 50384 911 4957 13535

1151552 127905 101272 1406678 2787407 B.2g(2) Gross operating surplus

267197 130037 36511 573936 1007682 K.1 Consumption of fixed capital

884354 -2132 64761 832742 1779725 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2001
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 2787407 1406678 101272 127905 1151552

D.1 Compensation of employees 3489145 7940 3481205 3481205

D.2 Taxes on production and imports 958268 38440 919827 919827

D.21 Taxes on products 786976 38440 748535 748535

D.29 Other taxes on production 171292 0 171292 171292

101498 101498 35422 136920 D.3 Subsidies

39268 39268 27865 67133 D.31 Subsidies on products

62230 62230 7557 69787 D.39 Other subsidies on production

164085 269401 1176638 952659 2562782 284716 2847498 D.4 Property income 2847498 327536 2519962 356081 1184221 78867 900793

155516 269295 858602 262067 1545480 197861 1743341 D.41 Interest 1743341 230337 1513004 157264 1030594 33369 291778

8569 106 318035 690591 1017302 86855 1104157 D.4N Property income other than interest 1104157 97199 1006958 198817 153627 45498 609015

5369465 755700 108856 810101 7044121 B.5g / B.5*g Balance of primary incomes, gross / gross national income

267197 130037 36511 573936 1007682 K.1 Consumption of fixed capital

5102267 625663 72345 236165 6036439 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1406678 101272

858602 262067 D.41 Interest 157264 1030594

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

285481 1493829 B.4g Entrepreneurial income, gross

36511 573936 K.1 Consumption of fixed capital

248970 919892 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2001
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 7044121 810101 108856 755700 5369465

689723 1932 35012 136566 863233 5494 868727 D.5 Current taxes on income, wealth, etc. 868727 2416 866311 866311

1296394 1296394 2694 1299087 D.61 Social contributions 1299087 4125 1294962 73259 113784 1104694 3226

4515 1141737 85791 55823 1287867 2713 1290580 D.62 Social benefits other than social transfers in kind 1290580 9570 1281010 1281010

236579 121751 170992 77578 606900 32461 639361 D.7 Other current transfers 639361 76574 562787 39485 171978 56528 294796

120392 1853 2940 34482 159668 8643 168311 D.71 Net non-life insurance premiums 168311 3915 164395 164395 0

164395 164395 2496 166891 D.72 Non-life insurance claims 166891 9372 157519 29626 2575 964 124354

116187 119897 3656 43097 282837 21322 304159 D.7N Other current transfers but non-life insurance premiums & claims 304159 63286 240873 9859 5007 55564 170442

4721285 1517813 102822 652877 6994797 B.6g Gross disposable income

267197 130037 36511 573936 1007682 K.1 Consumption of fixed capital

4454088 1387776 66310 78941 5987116 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 6994797 652877 102822 1517813 4721285

4096406 1405105 5501511 P.3 Final consumption expenditure

4096406 827937 4924343 P.31 Individual consumption expenditure

577168 577168 P.32 Collective consumption expenditure

333 1 35345 13771 49450 184 49633 D.8 Adjustment for the change in net equity of households in pension funds reserves 49633 0 49633 49633

674180 112707 67477 639107 1493470 B.8g Gross saving

267197 130037 36511 573936 1007682 K.1 Consumption of fixed capital

406982 -17330 30965 65170 485788 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2001
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
1375964 P.6 Exports of goods and services

1051412 P.61 Exports of goods

324553 P.62 Exports of services

P.7 Imports of goods and services 1317682

P.71 Imports of goods 989597

P.72 Imports of services 328085

-58282 B.11 External balance of goods & services

11198527 380692 11579219 D.1 to D.8 Primary incomes and current transfers 11579219 466601 11112617

27628 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 513416 27628 485788 65170 30965 -17330 406982

28118 98115 10574 6296 143103 17001 160104 D.9 Capital transfers 160104 8609 151495 68812 4656 28851 49176

17181 19 575 17774 0 17774 D.91 Capital taxes 17774 0 17774 17774

10938 98115 10555 5721 125329 17001 142330 D.9N Investment grants and other capital tranfers 142330 8609 133720 68812 4656 11077 49176

428040 -86593 25047 127686 494180 19236 513416 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 513416 19236 494180 127686 25047 -86593 428040

467410 178230 44154 831304 1521098 1521098 P.5 Gross capital formation

465642 177175 44091 822596 1509504 1509504 P.51 Gross fixed capital formation

1768 1055 63 8709 11594 11594 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 1007682 1007682 573936 36511 130037 267197

-3200 -2258 552 5163 258 -258 0 K.2 Acquisitions less disposals of non-produced non-financial assets

231027 -132528 16853 -134845 -19494 19494 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2001
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) 122175 637737 -515562 -6637234 -163953 -3220790 9506415

13242910 2238751 28323360 11161890 54966920 7585348 62552268 AF Total financial assets/ total liabilities 62430091 6947611 55482480 17799130 28487310 5459541 3736497

122175 122175 122175 AF.1 Monetary gold and special drawing rights (SDRs)
4076171 476975 6136239 889148 11578530 2174302 13752832 AF.2 Currency and deposits 13752831 1350821 12402010 30000 12079010 292998

1062693 144888 5867844 563820 7639244 1638100 9277344 AF.33 Debt securities, excluding financial derivatives 9277344 1497150 7780194 450022 3483229 3846943

71525 29734 372365 120001 593624 402532 996156 AF.331 Original maturity up to 1 year 996156 83511 912644 123205 366909 422530

991168 115154 5495479 443819 7045620 1235569 8281189 AF.332 Original maturity above 1 year 8281189 1413639 6867550 326817 3116320 3424413

58568 406033 8973419 1308923 10746940 807148 11554088 AF.4 Loans 11554094 1308244 10245850 4650864 1184636 1043272 3367075

11344 33735 2478307 471445 2994832 AF.41 Original maturity up to 1 year 2520175 1634876 489200 73126 322972

47224 372298 6495111 837477 7752110 AF.42 Original maturity above 1 year 7725672 3015988 695436 970146 3044103

4529947 774941 6367095 5809211 17481190 2658369 20139559 AF.5 Shares and other equity 20139559 2433299 17706260 10026890 7673401 2442 3531

2984965 722343 5248122 5531590 14487020 AF.51 Shares and other equity, excluding mutual fund shares 14000700 10026890 3967832 2442 3531

1185786 282092 2739128 1731728 5938734 AF.511 Quoted shares 5631646 4190503 1441143

1799179 440251 2508994 3799862 8548286 AF.512 + AF.513 Unquoted shares and other equity 8369049 5836388 2526689 2442 3531

1544982 52598 1118973 277621 2994174 AF.52 Mutual fund shares 3705569 3705569

3197515 1994 107965 100558 3408032 105233 3513265 AF.6 Insurance technical reserves 3513265 3513265 255092 3235850 120 22203

2981040 2981040 47971 3029011 AF.61 Net equity of households in life insurance reserves and in pension fund 3029010 3029010 255092 2751595 120 22203

216475 1994 107965 100558 426992 57263 484255 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 484255 484255 484255

318018 433921 748624 2490236 3990799 202195 4192994 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 4192994 358097 3834898 2386260 831183 273766 343688
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2001
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 19494 -19494 -134845 16853 -132528 231027

B.9 - B.9F Statistical discrepancy 0 0 0 54953 0 0 -54953

B.9F Net lending (+) / net borrowing (+) from financial accounts 0 19494 -19494 -189797 16853 -132528 285979

514630 139 1943674 750249 3208691 913276 4121967 F Total changes in financial assets/ liabilities 4121967 893782 3228185 940046 1926821 132667 228650

455 455 -455 0 F.1 Monetary gold and special drawing rights (SDRs)
170475 -43690 403218 106446 636449 237483 873932 F.2 Currency and deposits 873932 196423 677509 0 652793 24716

100002 9955 407240 55090 572286 145485 717771 F.33 Debt securities, excluding financial derivatives 717771 148231 569540 97422 341314 130804

2597 512 54809 4287 62205 31379 93583 F.331 Original maturity up to 1 year 93583 11256 82327 40434 13532 28361

97405 9443 352430 50803 510081 114107 624188 F.332 Original maturity above 1 year 624188 136975 487213 56989 327782 102442

-182 20843 558668 194709 774037 139600 913637 F.4 Loans 913637 160200 753437 435863 145349 -3253 175478

1210 11298 138795 115748 267050 F.41 Original maturity up to 1 year 222743 111739 97252 15297 -1545

-1392 9545 419873 78961 506987 F.42 Original maturity above 1 year 530694 324123 48098 -18550 177023

38237 -8399 527272 251763 808874 377199 1186073 F.5 Shares and other equity 1186073 350223 835850 297222 538672 36 -80

-41303 -9667 406333 224141 579505 F.51 Shares and other equity, excluding mutual fund shares 431159 297222 133981 36 -80

-74521 4006 201974 42522 173982 F.511 Quoted shares 79070 55239 23831

33218 -13673 204359 181619 405523 F.512 + F.513 Unquoted shares and other equity 352089 241983 110150 36 -80

79540 1268 120939 27622 229369 F.52 Mutual fund shares 404691 404691

228479 178 17699 5377 251734 3942 255675 F.6 Insurance technical reserves 255675 255675 11508 242468 -16 1716

216424 216424 -819 215605 F.61 Net equity of households in life insurance reserves and in pension fund 215605 215605 11508 202397 -16 1716

12054 178 17699 5377 35309 4761 40070 F.62 Prepayments of insurance premiums and reserves for outstanding claims 40070 40070 40070

-22380 21252 29123 136863 164857 10022 174879 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives 174879 38705 136174 98032 6225 -19619 51536
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2001
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth 8953 -86154 95108 564115 5986 -43918 -431075

-471804 -38192 -701243 -699248 -1910487 -162369 -2072856 AF Total changes in financial assets/ liabilities -2081808 -76215 -2005594 -1263362 -707229 5726 -40729

8953 8953 8953 AF.1 Monetary gold and special drawing rights (SDRs)
-4892 3441 49517 -3171 44894 36942 81836 AF.2 Currency and deposits 81836 5336 76499 0 76135 364

-30524 -121 57959 -17847 9468 10346 19814 AF.33 Debt securities, excluding financial derivatives 19814 42666 -22852 9574 -52196 19771

3927 495 -1950 -10376 -7905 28534 20629 AF.331 Original maturity up to 1 year 20629 6685 13944 11213 -810 3541

-34451 -615 59910 -7471 17373 -18187 -815 AF.332 Original maturity above 1 year -815 35981 -36795 -1639 -51386 16230

-16 -3337 -4784 11968 3831 21531 25362 AF.4 Loans 25362 15268 10095 12811 5168 -1847 -6037

-8 -6880 -11077 3544 -14421 AF.41 Original maturity up to 1 year 1013 5836 -4959 723 -586

-8 3543 6293 8424 18252 AF.42 Original maturity above 1 year 9081 6975 10127 -2570 -5451

-395965 -38170 -811960 -678862 -1924957 -233275 -2158233 AF.5 Shares and other equity -2158232 -136539 -2021694 -1261409 -760551 -89 355

-261643 -38188 -736219 -663674 -1699725 AF.51 Shares and other equity, excluding mutual fund shares -1729470 -1261409 -468327 -89 355

-209457 -76205 -483882 -261695 -1031238 AF.511 Quoted shares -965326 -668719 -296606

-52186 38016 -252337 -401980 -668487 AF.512 + AF.513 Unquoted shares and other equity -764145 -592690 -171720 -89 355

-134322 19 -75741 -15188 -225233 AF.52 Mutual fund shares -292224 -292224

-50024 -5 98 415 -49516 -76 -49592 AF.6 Insurance technical reserves -49592 -49592 494 -50084 -1 -1

-50832 -50832 -27 -50859 AF.61 Net equity of households in life insurance reserves and in pension fund -50859 -50859 494 -51351 -1 -1

808 -5 98 415 1317 -50 1267 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 1267 1267 1267

9618 -1 -1027 -11750 -3159 2163 -996 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives -996 -2946 1950 -24832 74299 -12473 -35045
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2001
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 131583 571531 -439948 -6262916 -141114 -3397237 9361319

13285740 2200698 29565790 11212900 56265120 8336709 64601829 AF Total financial assets/ total liabilities 64470248 7765178 56705070 17475810 29706910 5597935 3924419

131583 131583 131583 AF.1 Monetary gold and special drawing rights (SDRs)
4241754 436725 6588973 992423 12259870 2448726 14708596 AF.2 Currency and deposits 14708600 1552580 13156020 30000 12807940 318078

1132171 154722 6333043 601063 8220998 1793932 10014930 AF.33 Debt securities, excluding financial derivatives 10014930 1688047 8326883 557018 3772348 3997517

78049 30740 425224 113911 647924 462444 1110368 AF.331 Original maturity up to 1 year 1110368 101453 1008915 174852 379632 454432

1054122 123982 5907819 487152 7573074 1331488 8904562 AF.332 Original maturity above 1 year 8904563 1586595 7317968 382166 3392716 3543085

58369 423539 9527303 1515599 11524810 968279 12493089 AF.4 Loans 12493091 1483711 11009380 5099537 1335153 1038172 3536516

12546 38153 2606025 590737 3247461 AF.41 Original maturity up to 1 year 2743931 1752452 581493 89146 320841

45823 385386 6921277 924862 8277349 AF.42 Original maturity above 1 year 8265447 3347086 753660 949026 3215674

4172218 728373 6082407 5382112 16365110 2802293 19167403 AF.5 Shares and other equity 19167403 2646983 16520420 9062702 7451522 2389 3806

2682019 674487 4918237 5092057 13366800 AF.51 Shares and other equity, excluding mutual fund shares 12702380 9062702 3633486 2389 3806

901808 209893 2457221 1512556 5081478 AF.511 Quoted shares 4745390 3577022 1168367

1780211 464594 2461016 3579501 8285322 AF.512 + AF.513 Unquoted shares and other equity 7956994 5485680 2465118 2389 3806

1490200 53885 1164170 290055 2998310 AF.52 Mutual fund shares 3818036 3818036

3375969 2168 125763 106350 3610250 109099 3719349 AF.6 Insurance technical reserves 3719349 3719349 267094 3428234 103 23918

3146631 3146631 47125 3193756 AF.61 Net equity of households in life insurance reserves and in pension fund 3193756 3193756 267094 2902642 103 23918

229338 2168 125763 106350 463619 61974 525593 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 525593 525593 525593

305256 455172 776720 2615349 4152497 214380 4366877 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 4366877 393856 3973021 2459460 911707 241675 360179
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2002
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
1595051 907978 309447 3775631 6588108 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 741012

7329120 B.1g* (1) Gross Domestic Product (GDP)

278396 134980 38168 600085 1051629 K.1 Consumption of fixed capital

1316655 772999 271279 3175546 6277491 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 7329120 3775631 309447 907978 1595051

370835 763582 182939 2275391 3592747 16295 3609041 D.1 Compensation of employees

811830 D.21 Taxes on products

40769 16038 11678 106989 175474 D.29 Other taxes on production

D.31 Subsidies on products 70817

D.39 Other subsidies on production 69458 49206 888 5266 14097

1197544 133624 115718 1442458 2889345 B.2g(2) Gross operating surplus

278396 134980 38168 600085 1051629 K.1 Consumption of fixed capital

919149 -1355 77549 842373 1837716 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2002
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 2889345 1442458 115718 133624 1197544

D.1 Compensation of employees 3609041 8263 3600778 3600778

D.2 Taxes on production and imports 987304 29611 957693 957693

D.21 Taxes on products 811830 29611 782219 782219

D.29 Other taxes on production 175474 0 175474 175474

102978 102978 37298 140275 D.3 Subsidies

41015 41015 29802 70817 D.31 Subsidies on products

61962 61962 7495 69458 D.39 Other subsidies on production

150255 257154 1067234 938851 2413493 240949 2654443 D.4 Property income 2654443 295378 2359065 325312 1101093 72357 860302

141721 257039 761161 236678 1396599 156343 1552942 D.41 Interest 1552942 195124 1357818 142396 930266 28881 256276

8534 115 306073 702172 1016894 84606 1101500 D.4N Property income other than interest 1101500 100254 1001247 182916 170828 43477 604026

5508370 803543 149578 828919 7290410 B.5g / B.5*g Balance of primary incomes, gross / gross national income

278396 134980 38168 600085 1051629 K.1 Consumption of fixed capital

5229974 668563 111409 228834 6238781 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1442458 115718

761161 236678 D.41 Interest 142396 930266

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

314229 1524307 B.4g Entrepreneurial income, gross

38168 600085 K.1 Consumption of fixed capital

276061 924221 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2002
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 7290410 828919 149578 803543 5508370

699041 1700 34010 127573 862323 4405 866728 D.5 Current taxes on income, wealth, etc. 866728 2134 864594 864594

1344155 1344155 2722 1346876 D.61 Social contributions 1346876 3952 1342924 74313 120416 1144476 3719

4798 1210986 84238 58795 1358817 3805 1362622 D.62 Social benefits other than social transfers in kind 1362622 10174 1352448 1352448

248913 128244 183744 82298 643198 34363 677561 D.7 Other current transfers 677561 86152 591410 41176 179431 59478 311325

129067 2110 3087 37518 171782 8838 180620 D.71 Net non-life insurance premiums 180620 4631 175989 175989 0

175989 175989 2606 178595 D.72 Non-life insurance claims 178595 8784 169811 32240 2827 1040 133704

119846 126133 4667 44780 295427 22919 318346 D.7N Other current transfers but non-life insurance premiums & claims 318346 72737 245610 8935 615 58437 177622

4878956 1531160 147433 675742 7233291 B.6g Gross disposable income

278396 134980 38168 600085 1051629 K.1 Consumption of fixed capital

4600560 1396180 109265 75657 6181662 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 7233291 675742 147433 1531160 4878956

4209299 1482536 5691835 P.3 Final consumption expenditure

4209299 877812 5087111 P.31 Individual consumption expenditure

604725 604725 P.32 Collective consumption expenditure

401 1 36169 14707 51279 177 51456 D.8 Adjustment for the change in net equity of households in pension funds reserves 51456 0 51456 51456

720712 48622 111264 661035 1541633 B.8g Gross saving

278396 134980 38168 600085 1051629 K.1 Consumption of fixed capital

442316 -86357 73095 60950 490004 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2002
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
1419754 P.6 Exports of goods and services

1082311 P.61 Exports of goods

337444 P.62 Exports of services

P.7 Imports of goods and services 1278824

P.71 Imports of goods 962005

P.72 Imports of services 316818

-140930 B.11 External balance of goods & services

11356295 340013 11696307 D.1 to D.8 Primary incomes and current transfers 11696307 435665 11260643

-45278 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 444726 -45278 490004 60950 73095 -86357 442316

30427 98891 2780 6052 138150 21451 159602 D.9 Capital transfers 159602 9195 150407 67389 6613 35301 41104

18647 736 782 20165 0 20165 D.91 Capital taxes 20165 0 20165 20165

11780 98891 2044 5271 117986 21451 139437 D.9N Investment grants and other capital tranfers 139437 9195 130242 67389 6613 15136 41104

452993 -149947 76928 122286 502260 -57535 444726 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 444726 -57535 502260 122286 76928 -149947 452993

476419 177005 43453 799477 1496355 1496355 P.5 Gross capital formation

473758 176107 43860 815522 1509247 1509247 P.51 Gross fixed capital formation

2660 899 -406 -16045 -12892 -12892 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 1051629 1051629 600085 38168 134980 278396

-3531 -674 650 4021 466 -466 0 K.2 Acquisitions less disposals of non-produced non-financial assets

258501 -191299 70993 -81127 57068 -57068 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2002
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) 131583 571531 -439948 -6262916 -141114 -3397237 9361319

13285740 2200698 29565790 11212900 56265120 8336709 64601829 AF Total financial assets/ total liabilities 64470248 7765178 56705070 17475810 29706910 5597935 3924419

131583 131583 131583 AF.1 Monetary gold and special drawing rights (SDRs)
4241754 436725 6588973 992423 12259870 2448726 14708596 AF.2 Currency and deposits 14708600 1552580 13156020 30000 12807940 318078

1132171 154722 6333043 601063 8220998 1793932 10014930 AF.33 Debt securities, excluding financial derivatives 10014930 1688047 8326883 557018 3772348 3997517

78049 30740 425224 113911 647924 462444 1110368 AF.331 Original maturity up to 1 year 1110368 101453 1008915 174852 379632 454432

1054122 123982 5907819 487152 7573074 1331488 8904562 AF.332 Original maturity above 1 year 8904563 1586595 7317968 382166 3392716 3543085

58369 423539 9527303 1515599 11524810 968279 12493089 AF.4 Loans 12493091 1483711 11009380 5099537 1335153 1038172 3536516

12546 38153 2606025 590737 3247461 AF.41 Original maturity up to 1 year 2743931 1752452 581493 89146 320841

45823 385386 6921277 924862 8277349 AF.42 Original maturity above 1 year 8265447 3347086 753660 949026 3215674

4172218 728373 6082407 5382112 16365110 2802293 19167403 AF.5 Shares and other equity 19167403 2646983 16520420 9062702 7451522 2389 3806

2682019 674487 4918237 5092057 13366800 AF.51 Shares and other equity, excluding mutual fund shares 12702380 9062702 3633486 2389 3806

901808 209893 2457221 1512556 5081478 AF.511 Quoted shares 4745390 3577022 1168367

1780211 464594 2461016 3579501 8285322 AF.512 + AF.513 Unquoted shares and other equity 7956994 5485680 2465118 2389 3806

1490200 53885 1164170 290055 2998310 AF.52 Mutual fund shares 3818036 3818036

3375969 2168 125763 106350 3610250 109099 3719349 AF.6 Insurance technical reserves 3719349 3719349 267094 3428234 103 23918

3146631 3146631 47125 3193756 AF.61 Net equity of households in life insurance reserves and in pension fund 3193756 3193756 267094 2902642 103 23918

229338 2168 125763 106350 463619 61974 525593 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 525593 525593 525593

305256 455172 776720 2615349 4152497 214380 4366877 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 4366877 393856 3973021 2459460 911707 241675 360179
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2002
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 -57068 57068 -81127 70993 -191299 258501

B.9 - B.9F Statistical discrepancy 0 0 0 43256 0 0 -43256

B.9F Net lending (+) / net borrowing (+) from financial accounts 0 -57068 57068 -124383 70993 -191299 301757

546597 53963 1589604 478571 2668737 573268 3242005 F Total changes in financial assets/ liabilities 3242005 630337 2611668 602954 1518611 245263 244840

-905 -905 905 0 F.1 Monetary gold and special drawing rights (SDRs)
214035 19668 565539 17173 816415 44685 861100 F.2 Currency and deposits 861100 195015 666084 0 644428 21656

85444 5769 301390 -2231 390371 211974 602346 F.33 Debt securities, excluding financial derivatives 602346 127762 474583 12633 260787 201164

1227 -1938 55642 19887 74818 59414 134232 F.331 Original maturity up to 1 year 134232 34120 100112 -899 50968 50043

84217 7706 245748 -22118 315553 152560 468114 F.332 Original maturity above 1 year 468114 93642 374471 13532 209819 151120

-2092 12195 452007 102451 564561 74357 638917 F.4 Loans 638917 48659 590258 302951 67292 -3322 223338

482 6409 52037 24176 83104 F.41 Original maturity up to 1 year 98920 32189 50765 11418 4549

-2575 5787 399969 78275 481456 F.42 Original maturity above 1 year 491339 270762 16527 -14740 218789

3047 -5257 253653 268345 519788 224143 743931 F.5 Shares and other equity 743931 219582 524349 217927 306184 17 220

-38015 -15138 155553 251054 353455 F.51 Shares and other equity, excluding mutual fund shares 217009 217927 -1156 17 220

-22601 1087 77264 43356 99106 F.511 Quoted shares 30275 21695 8580

-15414 -16225 78289 207698 254349 F.512 + F.513 Unquoted shares and other equity 186733 196232 -9736 17 220

41062 9881 98100 17291 166333 F.52 Mutual fund shares 307340 307340

215767 158 10937 4250 231112 13565 244677 F.6 Insurance technical reserves 244677 244677 11715 231123 -26 1864

204910 204910 8290 213200 F.61 Net equity of households in life insurance reserves and in pension fund 213200 213200 11715 199647 -26 1864

10857 158 10937 4250 26202 5275 31476 F.62 Prepayments of insurance premiums and reserves for outstanding claims 31476 31476 31476

30397 21431 6984 88583 147395 3640 151035 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives 151035 39318 111717 57727 8796 25774 19419
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2002
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth 4564 307407 -302844 244369 199573 -116925 -629861

-589620 -56080 -1290559 -1221652 -3157912 -581154 -3739066 AF Total changes in financial assets/ liabilities -3743629 -888561 -2855067 -1466021 -1490132 60844 40242

4564 4564 4564 AF.1 Monetary gold and special drawing rights (SDRs)
4378 -7366 -189241 -14960 -207189 -157225 -364414 AF.2 Currency and deposits -364414 -107886 -256528 0 -245730 -10798

-6485 2904 -7807 -38739 -50127 -68642 -118769 AF.33 Debt securities, excluding financial derivatives -118769 -116761 -2008 -6204 -42319 46514

6447 -400 4738 -35287 -24502 -26738 -51240 AF.331 Original maturity up to 1 year -51240 -27092 -24148 -9107 -9114 -5927

-12932 3303 -12545 -3453 -25626 -41904 -67529 AF.332 Original maturity above 1 year -67529 -89669 22140 2903 -33206 52442

984 -4335 -108382 -24010 -135742 3638 -132104 AF.4 Loans -132104 -132118 13 -18201 -21530 -2287 42032

488 -677 -85571 -7879 -93639 AF.41 Original maturity up to 1 year -38510 -22936 -13037 1544 -4082

497 -3658 -22810 -16132 -42103 AF.42 Original maturity above 1 year 38524 4735 -8493 -3831 46113

-512728 -47994 -1062599 -1107893 -2731214 -356365 -3087579 AF.5 Shares and other equity -3087579 -499158 -2588421 -1466678 -1121987 9 235

-354185 -45064 -945427 -1092912 -2437588 AF.51 Shares and other equity, excluding mutual fund shares -2107580 -1466678 -641146 9 235

-288243 -35423 -778808 -541618 -1644093 AF.511 Quoted shares -1536923 -1126012 -410912

-65942 -9641 -166620 -551294 -793496 AF.512 + AF.513 Unquoted shares and other equity -570656 -340666 -230234 9 235

-158543 -2931 -117171 -14981 -293626 AF.52 Mutual fund shares -480841 -480841

-79115 -4 -8 388 -78738 -3817 -82555 AF.6 Insurance technical reserves -82555 -82555 -294 -82548 289 -1

-78749 -78749 -3321 -82070 AF.61 Net equity of households in life insurance reserves and in pension fund -82070 -82070 -294 -82064 289 -1

-365 -4 -8 388 11 -496 -485 AF.62 Prepayments of insurance premiums and reserves for outstanding claims -485 -485 -485

3345 716 72913 -36438 40535 1257 41793 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 41793 -32639 74432 25356 23983 27117 -2024
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2002
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 135241 820965 -685723 -6142930 129453 -3705461 9033215

13242710 2198581 29864840 10469810 55775950 8327918 64103868 AF Total financial assets/ total liabilities 63968624 7506954 56461670 16612740 29735380 5904042 4209500

135242 135242 135242 AF.1 Monetary gold and special drawing rights (SDRs)
4460168 449027 6965271 994635 12869100 2336186 15205286 AF.2 Currency and deposits 15205290 1639710 13565580 30000 13206640 328936

1211130 163394 6626626 560093 8561243 1937264 10498507 AF.33 Debt securities, excluding financial derivatives 10498507 1699049 8799458 563447 3990815 4245196

85723 28403 485604 98512 698241 495119 1193361 AF.331 Original maturity up to 1 year 1193360 108481 1084879 164846 421486 498548

1125407 134991 6141023 461581 7863002 1442145 9305147 AF.332 Original maturity above 1 year 9305146 1590568 7714578 398602 3569329 3746647

57261 431399 9870928 1594040 11953630 1046274 12999904 AF.4 Loans 12999903 1400253 11599650 5384287 1380915 1032563 3801885

13515 43885 2572491 607035 3236926 AF.41 Original maturity up to 1 year 2804341 1761704 619220 102109 321308

43746 387514 7298437 987005 8716702 AF.42 Original maturity above 1 year 8795309 3622583 761695 930455 3480577

3662538 675121 5273462 4542564 14153680 2670070 16823750 AF.5 Shares and other equity 16823757 2367407 14456350 7813951 6635719 2415 4261

2289819 614286 4128362 4250199 11282670 AF.51 Shares and other equity, excluding mutual fund shares 10811810 7813951 2991184 2415 4261

590964 175557 1755677 1014293 3536491 AF.511 Quoted shares 3238741 2472705 766036

1698855 438728 2372686 3235906 7746175 AF.512 + AF.513 Unquoted shares and other equity 7573071 5341246 2225148 2415 4261

1372718 60835 1145099 292365 2871017 AF.52 Mutual fund shares 3644535 3644535

3512621 2321 136692 110989 3762624 118847 3881471 AF.6 Insurance technical reserves 3881470 3881470 278514 3576809 366 25781

3272792 3272792 52094 3324886 AF.61 Net equity of households in life insurance reserves and in pension fund 3324886 3324886 278514 3020225 366 25781

239829 2321 136692 110989 489832 66753 556584 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 556584 556584 556584

338997 477319 856617 2667494 4340426 219277 4559703 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 4559704 400535 4159169 2542544 944487 294566 377573
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2003
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
1640916 942192 333594 3871186 6787888 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 765578

7553466 B.1g* (1) Gross Domestic Product (GDP)

293551 139881 38999 616448 1088879 K.1 Consumption of fixed capital

1347364 802311 294596 3254738 6464586 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 7553466 3871186 333594 942192 1640916

377513 792261 187210 2333904 3690888 15779 3706667 D.1 Compensation of employees

836013 D.21 Taxes on products

42242 17357 12253 108187 180039 D.29 Other taxes on production

D.31 Subsidies on products 70435

D.39 Other subsidies on production 69921 50137 1122 4990 13672

1234832 137564 135253 1479232 2986882 B.2g(2) Gross operating surplus

293551 139881 38999 616448 1088879 K.1 Consumption of fixed capital

941281 -2317 96254 862785 1898002 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2003
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 2986882 1479232 135253 137564 1234832

D.1 Compensation of employees 3706667 7969 3698698 3698698

D.2 Taxes on production and imports 1016052 26946 989106 989106

D.21 Taxes on products 836013 26946 809067 809067

D.29 Other taxes on production 180039 0 180039 180039

102825 102825 37531 140356 D.3 Subsidies

40851 40851 29584 70435 D.31 Subsidies on products

61975 61975 7947 69921 D.39 Other subsidies on production

134947 249942 991790 930552 2307231 238711 2545942 D.4 Property income 2545942 288648 2257294 318444 1017269 65291 856290

125988 249810 680623 221383 1277804 147500 1425304 D.41 Interest 1425304 182082 1243222 127302 848047 27269 240604

8959 132 311167 709169 1029427 91211 1120638 D.4N Property income other than interest 1120638 106566 1014072 191142 169223 38021 615686

5654873 839194 160733 867124 7521924 B.5g / B.5*g Balance of primary incomes, gross / gross national income

293551 139881 38999 616448 1088879 K.1 Consumption of fixed capital

5361322 699312 121734 250677 6433045 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1479232 135253

680623 221383 D.41 Interest 127302 848047

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

329438 1568803 B.4g Entrepreneurial income, gross

38999 616448 K.1 Consumption of fixed capital

290439 952356 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2003
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 7521924 867124 160733 839194 5654873

704655 1454 36050 118410 860569 4010 864579 D.5 Current taxes on income, wealth, etc. 864579 2079 862500 862500

1394879 1394879 2676 1397555 D.61 Social contributions 1397555 3692 1393863 73769 128778 1187513 3803

5074 1262223 87623 60667 1415588 3413 1419001 D.62 Social benefits other than social transfers in kind 1419001 9856 1409145 1409145

254131 142709 183512 82114 662466 31619 694084 D.7 Other current transfers 694084 93661 600423 40524 180402 59361 320137

132601 2283 3294 37649 175828 5844 181673 D.71 Net non-life insurance premiums 181673 4862 176811 176811 0

176811 176811 3045 179856 D.72 Non-life insurance claims 179856 5908 173947 31005 2811 1056 139075

121529 140426 3407 44464 309827 22729 332556 D.7N Other current transfers but non-life insurance premiums & claims 332556 82891 249665 9519 780 58304 181061

5029219 1542181 162727 720227 7454354 B.6g Gross disposable income

293551 139881 38999 616448 1088879 K.1 Consumption of fixed capital

4735667 1402300 123729 103779 6365475 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 7454354 720227 162727 1542181 5029219

4351599 1545639 5897238 P.3 Final consumption expenditure

4351599 919217 5270816 P.31 Individual consumption expenditure

626422 626422 P.32 Collective consumption expenditure

346 -5 41466 13049 54857 195 55053 D.8 Adjustment for the change in net equity of households in pension funds reserves 55053 0 55053 55053

732326 -3453 121261 707177 1557311 B.8g Gross saving

293551 139881 38999 616448 1088879 K.1 Consumption of fixed capital

438775 -143335 82262 90730 468432 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2003
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
1390149 P.6 Exports of goods and services

1054377 P.61 Exports of goods

335773 P.62 Exports of services

P.7 Imports of goods and services 1279451

P.71 Imports of goods 967109

P.72 Imports of services 312342

-110698 B.11 External balance of goods & services

11505355 333934 11839289 D.1 to D.8 Primary incomes and current transfers 11839289 432851 11406438

-11782 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 456650 -11782 468432 90730 82262 -143335 438775

39212 103661 10447 28363 181683 25937 207620 D.9 Capital transfers 207620 13357 194262 74063 3675 63934 52590

27516 18 8351 35886 0 35886 D.91 Capital taxes 35886 0 35886 35886

11695 103661 10429 20011 145797 25937 171734 D.9N Investment grants and other capital tranfers 171734 13357 158377 74063 3675 28049 52590

452153 -183062 75490 136430 481011 -24361 456650 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 456650 -24361 481011 136430 75490 -183062 452153

496612 191527 39010 818381 1545530 1545530 P.5 Gross capital formation

492447 191163 38937 822352 1544899 1544899 P.51 Gross fixed capital formation

4164 364 73 -3971 630 630 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 1088879 1088879 616448 38999 139881 293551

-2426 -636 278 3332 548 -548 0 K.2 Acquisitions less disposals of non-produced non-financial assets

251520 -234072 75201 -68835 23813 -23813 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2003
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) 135241 820965 -685723 -6142930 129453 -3705461 9033215

13242710 2198581 29864840 10469810 55775950 8327918 64103868 AF Total financial assets/ total liabilities 63968624 7506954 56461670 16612740 29735380 5904042 4209500

135242 135242 135242 AF.1 Monetary gold and special drawing rights (SDRs)
4460168 449027 6965271 994635 12869100 2336186 15205286 AF.2 Currency and deposits 15205290 1639710 13565580 30000 13206640 328936

1211130 163394 6626626 560093 8561243 1937264 10498507 AF.33 Debt securities, excluding financial derivatives 10498507 1699049 8799458 563447 3990815 4245196

85723 28403 485604 98512 698241 495119 1193361 AF.331 Original maturity up to 1 year 1193360 108481 1084879 164846 421486 498548

1125407 134991 6141023 461581 7863002 1442145 9305147 AF.332 Original maturity above 1 year 9305146 1590568 7714578 398602 3569329 3746647

57261 431399 9870928 1594040 11953630 1046274 12999904 AF.4 Loans 12999903 1400253 11599650 5384287 1380915 1032563 3801885

13515 43885 2572491 607035 3236926 AF.41 Original maturity up to 1 year 2804341 1761704 619220 102109 321308

43746 387514 7298437 987005 8716702 AF.42 Original maturity above 1 year 8795309 3622583 761695 930455 3480577

3662538 675121 5273462 4542564 14153680 2670070 16823750 AF.5 Shares and other equity 16823757 2367407 14456350 7813951 6635719 2415 4261

2289819 614286 4128362 4250199 11282670 AF.51 Shares and other equity, excluding mutual fund shares 10811810 7813951 2991184 2415 4261

590964 175557 1755677 1014293 3536491 AF.511 Quoted shares 3238741 2472705 766036

1698855 438728 2372686 3235906 7746175 AF.512 + AF.513 Unquoted shares and other equity 7573071 5341246 2225148 2415 4261

1372718 60835 1145099 292365 2871017 AF.52 Mutual fund shares 3644535 3644535

3512621 2321 136692 110989 3762624 118847 3881471 AF.6 Insurance technical reserves 3881470 3881470 278514 3576809 366 25781

3272792 3272792 52094 3324886 AF.61 Net equity of households in life insurance reserves and in pension fund 3324886 3324886 278514 3020225 366 25781

239829 2321 136692 110989 489832 66753 556584 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 556584 556584 556584

338997 477319 856617 2667494 4340426 219277 4559703 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 4559704 400535 4159169 2542544 944487 294566 377573
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2003
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 -23813 23813 -68835 75201 -234072 251520

B.9 - B.9F Statistical discrepancy 0 0 0 -24825 0 0 24825

B.9F Net lending (+) / net borrowing (+) from financial accounts 0 -23813 23813 -44010 75201 -234072 226694

532906 37125 2004023 527882 3101935 700076 3802011 F Total changes in financial assets/ liabilities 3802012 723889 3078123 571892 1928822 271197 306211

-1731 -1731 1731 0 F.1 Monetary gold and special drawing rights (SDRs)
215729 -3263 567962 93635 874064 149954 1024018 F.2 Currency and deposits 1024018 198215 825803 0 826007 -204

-8516 5355 646494 -31304 612029 217150 829179 F.33 Debt securities, excluding financial derivatives 829179 180662 648517 60813 364542 223161

-33668 -507 67099 22221 55145 56748 111893 F.331 Original maturity up to 1 year 111893 -6335 118228 31308 34782 52138

25153 5862 579395 -53525 556885 160401 717286 F.332 Original maturity above 1 year 717286 186997 530289 29505 329761 171024

4344 -2342 527518 142888 672407 58875 731282 F.4 Loans 731282 82253 649029 262398 90269 27983 268379

713 484 82487 71935 155619 F.41 Original maturity up to 1 year 118635 74528 16865 22631 4611

3631 -2826 445031 70953 516789 F.42 Original maturity above 1 year 530394 187870 73404 5352 263768

87404 5329 272028 199106 563867 222918 786786 F.5 Shares and other equity 786786 212883 573903 196920 376880 11 92

18581 -1591 173096 163935 354021 F.51 Shares and other equity, excluding mutual fund shares 269702 196920 72679 11 92

23781 -5666 78175 1493 97783 F.511 Quoted shares 35755 19409 16346

-5200 4076 94921 162442 256238 F.512 + F.513 Unquoted shares and other equity 233946 177511 56333 11 92

68823 6919 98933 35172 209847 F.52 Mutual fund shares 304201 304201

248369 172 1485 4577 254602 16019 270621 F.6 Insurance technical reserves 270621 270621 15056 253509 28 2028

234865 234865 5701 240566 F.61 Net equity of households in life insurance reserves and in pension fund 240566 240566 15056 223455 28 2028

13503 172 1485 4577 19737 10318 30055 F.62 Prepayments of insurance premiums and reserves for outstanding claims 30055 30055 30055

-14425 31875 -9733 118979 126696 33429 160126 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives 160126 49875 110250 36705 17615 20218 35713
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2003
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth 908 95949 -95041 -343586 -171009 133925 285629

280663 25470 90986 312593 709712 -102104 607608 AF Total changes in financial assets/ liabilities 606700 -198053 804753 656179 261994 -108455 -4966

908 908 908 AF.1 Monetary gold and special drawing rights (SDRs)
-21222 -867 -151583 -9335 -183006 -166016 -349022 AF.2 Currency and deposits -349022 -132830 -216192 -30000 -137867 -48325

-9590 1245 -133527 -2543 -144415 -113114 -257529 AF.33 Debt securities, excluding financial derivatives -257529 -121589 -135940 -3028 -93172 -39740

624 2518 -12884 7330 -2412 -8522 -10934 AF.331 Original maturity up to 1 year -10934 -11628 694 2267 -11987 10414

-10214 -1273 -120643 -9873 -142003 -104592 -246595 AF.332 Original maturity above 1 year -246595 -109961 -136635 -5295 -81185 -50154

1055 -62479 -62109 -17344 -140878 6168 -134710 AF.4 Loans -134710 -76003 -58706 -51679 1735 -2595 -6167

-225 302 -58831 -2284 -61037 AF.41 Original maturity up to 1 year -10951 -24299 19347 527 -6525

1279 -62781 -3279 -15060 -79841 AF.42 Original maturity above 1 year -47756 -27380 -17612 -3122 358

256288 79648 472041 397349 1205325 202053 1407378 AF.5 Shares and other equity 1407378 207861 1199517 735775 463632 -3 113

209410 76025 423369 380347 1089150 AF.51 Shares and other equity, excluding mutual fund shares 1023241 735775 287356 -3 113

106434 44075 269124 141668 561301 AF.511 Quoted shares 490239 324287 165953

102976 31950 154245 238679 527849 AF.512 + AF.513 Unquoted shares and other equity 533002 411488 121404 -3 113

46878 3623 48672 17002 116175 AF.52 Mutual fund shares 176276 176276

40834 3 1958 11 42806 -5489 37317 AF.6 Insurance technical reserves 37317 37317 -4630 41949 0 -2

40714 40714 -5418 35297 AF.61 Net equity of households in life insurance reserves and in pension fund 35297 35297 -4630 39929 0 -2

119 3 1958 11 2092 -72 2020 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 2020 2020 2020

13299 7920 -36701 -55545 -71028 -25706 -96734 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives -96734 -75491 -21243 9742 -14282 -17793 1090
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2003
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 134418 891370 -756952 -6530526 33645 -3805608 9545537

14056280 2261175 31959850 11310290 59587590 8924159 68511749 AF Total financial assets/ total liabilities 68377340 8032790 60344550 17840820 31926200 6066783 4510746

134418 134418 134418 AF.1 Monetary gold and special drawing rights (SDRs)
4654675 444897 7381650 1078936 13560160 2320124 15880284 AF.2 Currency and deposits 15880285 1705095 14175190 0 13894780 280408

1193024 169994 7139593 526246 9028857 2041300 11070157 AF.33 Debt securities, excluding financial derivatives 11070156 1758122 9312034 621232 4262185 4428617

52678 30414 539819 128063 750974 543345 1294319 AF.331 Original maturity up to 1 year 1294319 90518 1203801 198421 444280 561100

1140346 139580 6599774 398183 8277883 1497954 9775837 AF.332 Original maturity above 1 year 9775837 1667604 8108233 422811 3817905 3867518

62660 366578 10336340 1719584 12485160 1111318 13596478 AF.4 Loans 13596472 1406502 12189970 5595007 1472919 1057951 4064097

14004 44671 2596147 676686 3331508 AF.41 Original maturity up to 1 year 2912025 1811933 655432 125266 319394

48656 321907 7740189 1042897 9153649 AF.42 Original maturity above 1 year 9277947 3783073 817487 932685 3744702

4006230 760097 6017531 5139019 15922880 3095041 19017921 AF.5 Shares and other equity 19017921 2788151 16229770 8746646 7476231 2423 4467

2517811 688719 4724827 4794480 12725840 AF.51 Shares and other equity, excluding mutual fund shares 12104750 8746646 3351219 2423 4467

721180 213966 2102976 1157454 4195575 AF.511 Quoted shares 3764735 2816401 948335

1796631 474754 2621851 3637027 8530262 AF.512 + AF.513 Unquoted shares and other equity 8340019 5930245 2402885 2423 4467

1488419 71378 1292704 344539 3197039 AF.52 Mutual fund shares 4125012 4125012

3801824 2496 140135 115578 4060032 129376 4189408 AF.6 Insurance technical reserves 4189409 4189409 288940 3872268 394 27807

3548371 3548371 52378 3600749 AF.61 Net equity of households in life insurance reserves and in pension fund 3600749 3600749 288940 3283608 394 27807

253452 2496 140135 115578 511661 76999 588660 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 588660 588660 588660

337871 517114 810183 2730927 4396095 227000 4623096 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 4623095 374919 4248176 2588992 947819 296991 414376
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2004
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
1703133 974734 352899 4030231 7060997 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 802098

7863094 B.1g* (1) Gross Domestic Product (GDP)

309307 146511 40161 642028 1138007 K.1 Consumption of fixed capital

1393827 828223 312738 3388203 6725088 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 7863094 4030231 352899 974734 1703133

384362 816796 191299 2403284 3795741 16333 3812074 D.1 Compensation of employees

872495 D.21 Taxes on products

44118 17908 13125 114445 189596 D.29 Other taxes on production

D.31 Subsidies on products 70398

D.39 Other subsidies on production 68009 49853 828 4169 13159

1287812 144199 149304 1562355 3143669 B.2g(2) Gross operating surplus

309307 146511 40161 642028 1138007 K.1 Consumption of fixed capital

978505 -2313 109143 920327 2005662 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2004
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 3143669 1562355 149304 144199 1287812

D.1 Compensation of employees 3812074 8141 3803933 3803933

D.2 Taxes on production and imports 1062092 22170 1039922 1039922

D.21 Taxes on products 872495 22170 850326 850326

D.29 Other taxes on production 189596 0 189596 189596

100674 100674 37733 138407 D.3 Subsidies

40475 40475 29923 70398 D.31 Subsidies on products

60199 60199 7811 68009 D.39 Other subsidies on production

137011 244515 992597 979247 2353371 287145 2640516 D.4 Property income 2640516 306134 2334382 373819 1015202 60025 885337

127858 244393 665894 218709 1256854 153806 1410660 D.41 Interest 1410660 187586 1223073 126023 837903 23913 235235

9154 122 326704 760538 1096518 133339 1229857 D.4N Property income other than interest 1229857 118548 1111309 247795 177299 36112 650103

5840071 898956 171908 956926 7867861 B.5g / B.5*g Balance of primary incomes, gross / gross national income

309307 146511 40161 642028 1138007 K.1 Consumption of fixed capital

5530764 752445 131747 314898 6729854 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1562355 149304

665894 218709 D.41 Interest 126023 837903

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

353980 1709440 B.4g Entrepreneurial income, gross

40161 642028 K.1 Consumption of fixed capital

313819 1067412 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2004
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 7867861 956926 171908 898956 5840071

708706 1215 39825 136567 886313 3860 890173 D.5 Current taxes on income, wealth, etc. 890173 1145 889028 889028

1434941 1434941 2660 1437601 D.61 Social contributions 1437601 3694 1433907 73594 136158 1220392 3762

5191 1303565 91803 60870 1461429 3586 1465016 D.62 Social benefits other than social transfers in kind 1465016 10756 1454260 1454260

263477 150752 186311 87832 688372 32574 720946 D.7 Other current transfers 720946 102451 618495 40714 182677 66810 328295

135128 2463 3260 37262 178112 5635 183747 D.71 Net non-life insurance premiums 183747 4695 179053 179053 0

179053 179053 2588 181640 D.72 Non-life insurance claims 181640 4945 176695 30610 2737 1064 142284

128349 148290 3998 50571 331208 24351 355559 D.7N Other current transfers but non-life insurance premiums & claims 355559 92811 262748 10104 887 65746 186011

5214073 1619654 172804 785964 7792496 B.6g Gross disposable income

309307 146511 40161 642028 1138007 K.1 Consumption of fixed capital

4904766 1473143 132643 143936 6654489 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 7792496 785964 172804 1619654 5214073

4515213 1601890 6117102 P.3 Final consumption expenditure

4515213 951415 5466628 P.31 Individual consumption expenditure

650475 650475 P.32 Collective consumption expenditure

400 4 44976 12816 58196 199 58395 D.8 Adjustment for the change in net equity of households in pension funds reserves 58395 0 58395 58395

756856 17761 127828 773148 1675592 B.8g Gross saving

309307 146511 40161 642028 1138007 K.1 Consumption of fixed capital

447549 -128751 87668 131119 537585 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2004
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
1501124 P.6 Exports of goods and services

1138386 P.61 Exports of goods

362738 P.62 Exports of services

P.7 Imports of goods and services 1386881

P.71 Imports of goods 1051678

P.72 Imports of services 335204

-114243 B.11 External balance of goods & services

11841129 384091 12225219 D.1 to D.8 Primary incomes and current transfers 12225219 454491 11770729

-43843 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 493743 -43843 537585 131119 87668 -128751 447549

39004 110843 14184 10761 174792 24307 199099 D.9 Capital transfers 199099 8256 190843 76709 4430 52961 56743

26874 22 2986 29883 0 29883 D.91 Capital taxes 29883 0 29883 29883

12129 110843 14162 7775 144909 24307 169216 D.9N Investment grants and other capital tranfers 169216 8256 160960 76709 4430 23078 56743

465288 -186632 77913 197067 553636 -59894 493743 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 493743 -59894 553636 197067 77913 -186632 465288

524834 192995 45223 868698 1631750 1631750 P.5 Gross capital formation

518928 192698 45068 861903 1618596 1618596 P.51 Gross fixed capital formation

5906 297 155 6796 13154 13154 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 1138007 1138007 642028 40161 146511 309307

-2779 -470 435 905 -1910 1910 0 K.2 Acquisitions less disposals of non-produced non-financial assets

252539 -232645 72417 -30507 61804 -61804 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2004
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) 134418 891370 -756952 -6530526 33645 -3805608 9545537

14056280 2261175 31959850 11310290 59587590 8924159 68511749 AF Total financial assets/ total liabilities 68377340 8032790 60344550 17840820 31926200 6066783 4510746

134418 134418 134418 AF.1 Monetary gold and special drawing rights (SDRs)
4654675 444897 7381650 1078936 13560160 2320124 15880284 AF.2 Currency and deposits 15880285 1705095 14175190 0 13894780 280408

1193024 169994 7139593 526246 9028857 2041300 11070157 AF.33 Debt securities, excluding financial derivatives 11070156 1758122 9312034 621232 4262185 4428617

52678 30414 539819 128063 750974 543345 1294319 AF.331 Original maturity up to 1 year 1294319 90518 1203801 198421 444280 561100

1140346 139580 6599774 398183 8277883 1497954 9775837 AF.332 Original maturity above 1 year 9775837 1667604 8108233 422811 3817905 3867518

62660 366578 10336340 1719584 12485160 1111318 13596478 AF.4 Loans 13596472 1406502 12189970 5595007 1472919 1057951 4064097

14004 44671 2596147 676686 3331508 AF.41 Original maturity up to 1 year 2912025 1811933 655432 125266 319394

48656 321907 7740189 1042897 9153649 AF.42 Original maturity above 1 year 9277947 3783073 817487 932685 3744702

4006230 760097 6017531 5139019 15922880 3095041 19017921 AF.5 Shares and other equity 19017921 2788151 16229770 8746646 7476231 2423 4467

2517811 688719 4724827 4794480 12725840 AF.51 Shares and other equity, excluding mutual fund shares 12104750 8746646 3351219 2423 4467

721180 213966 2102976 1157454 4195575 AF.511 Quoted shares 3764735 2816401 948335

1796631 474754 2621851 3637027 8530262 AF.512 + AF.513 Unquoted shares and other equity 8340019 5930245 2402885 2423 4467

1488419 71378 1292704 344539 3197039 AF.52 Mutual fund shares 4125012 4125012

3801824 2496 140135 115578 4060032 129376 4189408 AF.6 Insurance technical reserves 4189409 4189409 288940 3872268 394 27807

3548371 3548371 52378 3600749 AF.61 Net equity of households in life insurance reserves and in pension fund 3600749 3600749 288940 3283608 394 27807

253452 2496 140135 115578 511661 76999 588660 AF.62 Prepayments of insurance premiums and reserves for outstanding claim 588660 588660 588660

337871 517114 810183 2730927 4396095 227000 4623096 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 4623095 374919 4248176 2588992 947819 296991 414376
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2004
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 -61804 61804 -30507 72417 -232645 252539

B.9 - B.9F Statistical discrepancy 0 0 0 19895 0 0 -19894

B.9F Net lending (+) / net borrowing (+) from financial accounts 0 -61804 61804 -50402 72417 -232645 272434

622322 34058 2359701 459905 3475986 792207 4268193 F Total changes in financial assets/ liabilities 4268193 854011 3414182 510307 2287284 266703 349888

-1627 -1627 1627 0 F.1 Monetary gold and special drawing rights (SDRs)
242027 20543 704118 100237 1066926 254103 1321029 F.2 Currency and deposits 1321029 210588 1110441 0 1087779 22662

71963 16887 668966 -62978 694838 299586 994424 F.33 Debt securities, excluding financial derivatives 994423 225640 768784 4353 527476 236955

6805 -152 96131 -2564 100220 41952 142172 F.331 Original maturity up to 1 year 142172 48848 93324 10906 71241 11178

65158 17038 572835 -60414 594618 257634 852251 F.332 Original maturity above 1 year 852251 176791 675460 -6553 456235 225777

-1806 2644 671816 101409 774063 19031 793094 F.4 Loans 793094 119569 673525 256923 87371 16994 312237

333 -343 101581 25401 126972 F.41 Original maturity up to 1 year 70059 34621 30473 -1998 6964

-2139 2987 570235 76008 647091 F.42 Original maturity above 1 year 603466 222302 56898 18992 305273

-4895 -1609 336561 234656 564713 203320 768033 F.5 Shares and other equity 768033 278425 489607 169450 320142 12 4

-5099 -13752 219404 212258 412812 F.51 Shares and other equity, excluding mutual fund shares 219329 169450 49863 12 4

-34667 -22089 138275 80364 161882 F.511 Quoted shares 31036 2013 29022

29569 8337 81129 131895 250930 F.512 + F.513 Unquoted shares and other equity 188293 167436 20841 12 4

204 12143 117157 22398 151901 F.52 Mutual fund shares 270278 270278

276299 260 7358 5664 289581 10524 300105 F.6 Insurance technical reserves 300105 300105 13549 284316 36 2204

257654 257654 10525 268179 F.61 Net equity of households in life insurance reserves and in pension fund 268179 268179 13549 252390 36 2204

18645 260 7358 5664 31927 -1 31926 F.62 Prepayments of insurance premiums and reserves for outstanding claim 31926 31926 31926

38733 -4666 -27490 80916 87493 4016 91509 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives 91508 19789 71720 66032 -19799 -9956 35443
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2004
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth -3466 86025 -89491 -479495 62571 -1466 328900

340463 103034 487539 314629 1245666 2530 1248196 AF Total changes in financial assets/ liabilities 1251662 -83495 1335156 794125 424968 104500 11563

-3466 -3466 -3466 AF.1 Monetary gold and special drawing rights (SDRs)
12994 3657 -69761 -13559 -66670 -60407 -127076 AF.2 Currency and deposits -127077 -41055 -86022 0 -87360 1339

5879 2889 163412 -21347 150834 -23945 126889 AF.33 Debt securities, excluding financial derivatives 126889 -7011 133900 13320 38488 82093

3007 -772 103504 -25185 80553 -49169 31384 AF.331 Original maturity up to 1 year 31384 -4514 35898 9924 8001 17973

2873 3662 59908 3838 70281 25224 95505 AF.332 Original maturity above 1 year 95505 -2497 98002 3395 30487 64120

109 -1337 -42341 2048 -41521 7026 -34495 AF.4 Loans -34495 -6754 -27741 -35475 -16216 819 23132

62 -359 -43830 -4197 -48324 AF.41 Original maturity up to 1 year -13309 -2895 -9135 -2670 1390

47 -978 1489 6245 6803 AF.42 Original maturity above 1 year -14431 -32580 -7082 3489 21741

236387 92362 386208 295924 1010881 111077 1121957 AF.5 Shares and other equity 1121957 -6595 1128552 800999 326253 1200 101

226313 88305 311876 289746 916239 AF.51 Shares and other equity, excluding mutual fund shares 994466 800999 192166 1200 101

100010 32014 197782 21662 351466 AF.511 Quoted shares 303439 228284 75155

126303 56291 114094 268084 564773 AF.512 + AF.513 Unquoted shares and other equity 691027 572715 117011 1200 101

10075 4057 74332 6178 94641 AF.52 Mutual fund shares 134086 134086

75904 48 -915 946 75982 -2494 73488 AF.6 Insurance technical reserves 73488 73488 -738 74225 0 1

56975 56975 -1106 55869 AF.61 Net equity of households in life insurance reserves and in pension fund 55869 55869 -738 56606 0 1

18928 48 -915 946 19007 -1388 17619 AF.62 Prepayments of insurance premiums and reserves for outstanding claim 17619 17619 17619

9190 5416 54402 50618 119625 -28726 90899 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 90899 -22079 112978 16018 89580 19050 -11670
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2004
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 129325 913964 -784639 -7060424 168632 -4039719 10146870

15019070 2398267 34807090 12084820 64309250 9717270 74026520 AF Total financial assets/ total liabilities 73897186 8803306 65093880 19145250 34638450 6437986 4872197

129325 129325 129325 AF.1 Monetary gold and special drawing rights (SDRs)
4909697 469096 8016007 1165614 14560410 2513820 17074230 AF.2 Currency and deposits 17074238 1874628 15199610 0 14895200 304408

1270866 189770 7971970 441921 9874528 2316941 12191469 AF.33 Debt securities, excluding financial derivatives 12191470 1976750 10214720 638905 4828149 4747665

62489 29490 739453 100314 931747 536129 1467875 AF.331 Original maturity up to 1 year 1467876 134853 1333023 219251 523522 590250

1208377 160280 7232517 341608 8942781 1780812 10723593 AF.332 Original maturity above 1 year 10723594 1841898 8881696 419654 4304627 4157415

60962 367885 10965810 1823041 13217700 1137375 14355075 AF.4 Loans 14355077 1519317 12835760 5816454 1544073 1075764 4399465

14398 43969 2653898 697890 3410156 AF.41 Original maturity up to 1 year 2968775 1843659 676770 120598 327749

46564 323916 8311913 1125150 9807543 AF.42 Original maturity above 1 year 9866981 3972795 867303 955166 4071717

4237723 850850 6740300 5669599 17498470 3409438 20907908 AF.5 Shares and other equity 20907912 3059982 17847930 9717094 8122626 3635 4572

2739025 763272 5256107 5296485 14054890 AF.51 Shares and other equity, excluding mutual fund shares 13318550 9717094 3593249 3635 4572

786522 223890 2439032 1259479 4708924 AF.511 Quoted shares 4099210 3046698 1052512

1952503 539382 2817074 4037006 9345965 AF.512 + AF.513 Unquoted shares and other equity 9219340 6670396 2540736 3635 4572

1498698 87577 1484193 373114 3443582 AF.52 Mutual fund shares 4529377 4529377

4154027 2804 146577 122188 4425595 137407 4563002 AF.6 Insurance technical reserves 4563002 4563002 301752 4230808 430 30012

3863001 3863001 61797 3924798 AF.61 Net equity of households in life insurance reserves and in pension fund 3924797 3924797 301752 3592604 430 30012

291026 2804 146577 122188 562595 75610 638205 AF.62 Prepayments of insurance premiums and reserves for outstanding claim 638205 638205 638205

385794 517863 837095 2862461 4603213 202290 4805503 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 4805504 372628 4432875 2671042 1017599 306085 438148
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2005
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total economy
(S.1)
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
1764047 1010555 361775 4171048 7307424 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 846506

8153930 B.1g* (1) Gross Domestic Product (GDP)

327066 153364 41155 671892 1193477 K.1 Consumption of fixed capital

1436981 857190 320620 3499156 6960453 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 8153930 4171048 361775 1010555 1764047

392800 845779 197818 2475576 3911973 17271 3929243 D.1 Compensation of employees

909851 D.21 Taxes on products

45306 18114 14347 125824 203592 D.29 Other taxes on production

D.31 Subsidies on products 63345

D.39 Other subsidies on production 74771 53517 887 3742 16626

1342566 150403 150498 1623164 3266631 B.2g(2) Gross operating surplus

327066 153364 41155 671892 1193477 K.1 Consumption of fixed capital

1015500 -2961 109343 951272 2073154 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2005
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total economy
(S.1)
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 3266631 1623164 150498 150403 1342566

D.1 Compensation of employees 3929243 9906 3919338 3919338

D.2 Taxes on production and imports 1113443 25000 1088442 1088442

D.21 Taxes on products 909851 25000 884850 884850

D.29 Other taxes on production 203592 0 203592 203592

99417 99417 38699 138116 D.3 Subsidies

40516 40516 22828 63345 D.31 Subsidies on products

58900 58900 15871 74771 D.39 Other subsidies on production

141487 243799 1111356 1097499 2594141 373003 2967144 D.4 Property income 2967144 376958 2590187 435373 1157195 66008 931610

132039 243665 743760 229057 1348520 195432 1543952 D.41 Interest 1543952 221057 1322895 141718 926569 26605 228004

9449 133 367596 868442 1245621 177571 1423192 D.4N Property income other than interest 1423192 155900 1267292 293656 230626 39403 703607

6052027 961639 196336 961039 8171040 B.5g / B.5*g Balance of primary incomes, gross / gross national income

327066 153364 41155 671892 1193477 K.1 Consumption of fixed capital

5724961 808274 155181 289147 6977563 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1623164 150498

743760 229057 D.41 Interest 141718 926569

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

408817 1820693 B.4g Entrepreneurial income, gross

41155 671892 K.1 Consumption of fixed capital

367662 1148801 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2005
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total economy
(S.1)
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 8171040 961039 196336 961639 6052027

741421 1172 43910 149504 936007 4902 940909 D.5 Current taxes on income, wealth, etc. 940909 1343 939565 939565

1478103 1478103 3134 1481237 D.61 Social contributions 1481237 3769 1477468 72420 145012 1256063 3974

5492 1343684 96389 60733 1506297 3453 1509750 D.62 Social benefits other than social transfers in kind 1509750 11103 1498647 1498647

271607 161798 188858 89996 712259 33157 745416 D.7 Other current transfers 745416 114858 630558 40689 184547 66747 338576

137488 2702 3419 35924 179533 5517 185050 D.71 Net non-life insurance premiums 185050 4509 180541 180541 0

180541 180541 2657 183198 D.72 Non-life insurance claims 183198 4899 178299 28456 2705 1166 145972

134120 159096 4897 54072 352184 24983 377167 D.7N Other current transfers but non-life insurance premiums & claims 377167 105450 271718 12233 1300 65581 192604

5396602 1717359 196738 773915 8084614 B.6g Gross disposable income

327066 153364 41155 671892 1193477 K.1 Consumption of fixed capital

5069536 1563995 155583 102022 6891137 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 8084614 773915 196738 1717359 5396602

4700392 1665272 6365664 P.3 Final consumption expenditure

4700392 999481 5699872 P.31 Individual consumption expenditure

665791 665791 P.32 Collective consumption expenditure

415 1 49066 11888 61370 289 61659 D.8 Adjustment for the change in net equity of households in pension funds reserves 61659 0 61659 61659

757454 52086 147672 762026 1719239 B.8g Gross saving

327066 153364 41155 671892 1193477 K.1 Consumption of fixed capital

430389 -101278 106517 90134 525762 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2005
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total economy
(S.1)
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
1632574 P.6 Exports of goods and services

1229190 P.61 Exports of goods

403385 P.62 Exports of services

P.7 Imports of goods and services 1566476

P.71 Imports of goods 1195475

P.72 Imports of services 371001

-66099 B.11 External balance of goods & services

12413009 473909 12886917 D.1 to D.8 Primary incomes and current transfers 12886917 542936 12343981

2929 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total economy
(S.1)
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 528691 2929 525762 90134 106517 -101278 430389

37092 112664 17406 16129 183291 24449 207740 D.9 Capital transfers 207740 11201 196539 76801 5718 53058 60964

23511 15 883 24409 0 24409 D.91 Capital taxes 24409 0 24409 24409

13581 112664 17392 15246 158883 24449 183331 D.9N Investment grants and other capital tranfers 183331 11201 172131 76801 5718 28649 60964

454260 -160884 94829 150806 539010 -10319 528691 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 528691 -10319 539010 150806 94829 -160884 454260

558534 202502 39154 921979 1722168 1722168 P.5 Gross capital formation

555766 201917 39658 917460 1714802 1714802 P.51 Gross fixed capital formation

2768 585 -505 4518 7367 7367 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 1193477 1193477 671892 41155 153364 327066

-3141 -1616 617 3700 -440 440 0 K.2 Acquisitions less disposals of non-produced non-financial assets

225933 -208406 96213 -102981 10759 -10759 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2005
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total economy
(S.1)
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) 129325 913964 -784639 -7060424 168632 -4039719 10146870

15019070 2398267 34807090 12084820 64309250 9717270 74026520 AF Total financial assets/ total liabilities 73897186 8803306 65093880 19145250 34638450 6437986 4872197

129325 129325 129325 AF.1 Monetary gold and special drawing rights (SDRs)
4909697 469096 8016007 1165614 14560410 2513820 17074230 AF.2 Currency and deposits 17074238 1874628 15199610 0 14895200 304408

1270866 189770 7971970 441921 9874528 2316941 12191469 AF.33 Debt securities, excluding financial derivatives 12191470 1976750 10214720 638905 4828149 4747665

62489 29490 739453 100314 931747 536129 1467875 AF.331 Original maturity up to 1 year 1467876 134853 1333023 219251 523522 590250

1208377 160280 7232517 341608 8942781 1780812 10723593 AF.332 Original maturity above 1 year 10723594 1841898 8881696 419654 4304627 4157415

60962 367885 10965810 1823041 13217700 1137375 14355075 AF.4 Loans 14355077 1519317 12835760 5816454 1544073 1075764 4399465

14398 43969 2653898 697890 3410156 AF.41 Original maturity up to 1 year 2968775 1843659 676770 120598 327749

46564 323916 8311913 1125150 9807543 AF.42 Original maturity above 1 year 9866981 3972795 867303 955166 4071717

4237723 850850 6740300 5669599 17498470 3409438 20907908 AF.5 Shares and other equity 20907912 3059982 17847930 9717094 8122626 3635 4572

2739025 763272 5256107 5296485 14054890 AF.51 Shares and other equity, excluding mutual fund shares 13318550 9717094 3593249 3635 4572

786522 223890 2439032 1259479 4708924 AF.511 Quoted shares 4099210 3046698 1052512

1952503 539382 2817074 4037006 9345965 AF.512 + AF.513 Unquoted shares and other equity 9219340 6670396 2540736 3635 4572

1498698 87577 1484193 373114 3443582 AF.52 Mutual fund shares 4529377 4529377

4154027 2804 146577 122188 4425595 137407 4563002 AF.6 Insurance technical reserves 4563002 4563002 301752 4230808 430 30012

3863001 3863001 61797 3924798 AF.61 Net equity of households in life insurance reserves and in pension fund 3924797 3924797 301752 3592604 430 30012

291026 2804 146577 122188 562595 75610 638205 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 638205 638205 638205

385794 517863 837095 2862461 4603213 202290 4805503 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 4805504 372628 4432875 2671042 1017599 306085 438148
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2005
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 -10759 10759 -102981 96213 -208406 225933

B.9 - B.9F Statistical discrepancy 0 0 0 10292 0 0 -10292

B.9F Net lending (+) / net borrowing (+) from financial accounts 0 -10759 10759 -113272 96213 -208406 236224

675100 84570 3446972 723393 4930035 1256322 6186357 F Total changes in financial assets/ liabilities 6186357 1267082 4919275 836665 3350758 292976 438876

-3688 -3688 3688 0 F.1 Monetary gold and special drawing rights (SDRs)
243317 32872 727573 135692 1139453 395094 1534547 F.2 Currency and deposits 1534547 196877 1337670 194 1306549 30927

-17887 19119 800902 -29339 772795 309651 1082446 F.33 Debt securities, excluding financial derivatives 1082446 281491 800955 15955 570285 214714

-15533 -4010 59036 7818 47311 27916 75227 F.331 Original maturity up to 1 year 75227 34052 41175 13656 36876 -9358

-2354 23129 741866 -37157 725483 281736 1007219 F.332 Original maturity above 1 year 1007219 247439 759780 2299 533409 224072

1393 5727 1152454 153840 1313414 143590 1457004 F.4 Loans 1457004 294690 1162314 390048 353727 17125 401414

1928 2921 313214 112903 430966 F.41 Original maturity up to 1 year 349608 116765 209959 6438 16446

-535 2805 839240 40937 882447 F.42 Original maturity above 1 year 812706 273283 143767 10686 384969

108231 7422 586499 248512 950664 354861 1305525 F.5 Shares and other equity 1305525 458002 847523 260914 586535 14 60

66206 -3509 367881 231514 662091 F.51 Shares and other equity, excluding mutual fund shares 377820 260914 116832 14 60

3577 -11523 183361 25872 201288 F.511 Quoted shares 126715 100938 25776

62629 8013 184520 205641 460803 F.512 + F.513 Unquoted shares and other equity 251106 159976 91056 14 60

42025 10931 218618 16998 288573 F.52 Mutual fund shares 469702 469702

310541 122 8101 8932 327697 28954 356651 F.6 Insurance technical reserves 356651 356651 12666 341531 54 2400

291499 291499 18880 310378 F.61 Net equity of households in life insurance reserves and in pension fund 310378 310378 12666 295258 54 2400

19043 122 8101 8932 36198 10074 46272 F.62 Prepayments of insurance premiums and reserves for outstanding claims 46272 46272 46272

29505 19308 175130 205756 429700 20484 450184 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives 450184 36021 414163 156888 192131 30142 35001
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2005
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total economy
(S.1)
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth 42143 -31083 73226 -617047 20636 88767 580870

602121 159635 1524038 654099 2939893 857960 3797853 AF Total changes in financial assets/ liabilities 3755710 889043 2866667 1271146 1503402 70868 21251

42143 42143 42143 AF.1 Monetary gold and special drawing rights (SDRs)
37008 244 200063 21224 258539 270799 529338 AF.2 Currency and deposits 529338 214204 315134 1158 307146 6830

-23445 1811 209410 -18526 169251 22063 191314 AF.33 Debt securities, excluding financial derivatives 191314 95560 95755 11869 59708 24177

699 -216 3262 -10236 -6491 37289 30799 AF.331 Original maturity up to 1 year 30799 9669 21129 2581 11087 7462

-24143 2027 206148 -8290 175742 -15226 160516 AF.332 Original maturity above 1 year 160516 85891 74625 9288 48622 16715

-275 5060 124614 51645 181043 -2547 178496 AF.4 Loans 178496 90444 88052 44328 6322 23106 14295

6 -597 84307 10786 94502 AF.41 Original maturity up to 1 year 36526 27320 6416 833 1958

-281 5657 40307 40859 86542 AF.42 Original maturity above 1 year 51526 17009 -93 22273 12337

465715 146343 923572 615235 2150865 544785 2695650 AF.5 Shares and other equity 2695650 468999 2226651 1156698 1069730 86 138

353910 131807 735711 591450 1812878 AF.51 Shares and other equity, excluding mutual fund shares 1790618 1156698 633697 86 138

124376 105337 532030 200496 962239 AF.511 Quoted shares 911113 600460 310652

229535 26470 203681 390954 850640 AF.512 + AF.513 Unquoted shares and other equity 879506 556237 323045 86 138

111805 14536 187861 23785 337986 AF.52 Mutual fund shares 436033 436033

125086 0 10245 -2453 132878 -9167 123711 AF.6 Insurance technical reserves 123711 123711 2 123712 -5 2

123137 123137 -2944 120193 AF.61 Net equity of households in life insurance reserves and in pension fund 120193 120193 2 120194 -5 2

1950 0 10245 -2453 9742 -6223 3519 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 3519 3519 3519

-1969 6177 13991 -13026 5172 32027 37200 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 37200 19837 17363 57091 -63217 16673 6816
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2005
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 167780 868434 -700653 -7790742 285482 -4159358 10963970

16296290 2642472 39778100 13462320 72179170 11827860 84007030 AF Total financial assets/ total liabilities 83839260 10959430 72879830 21253060 39492610 6801830 5332324

167781 167781 167781 AF.1 Monetary gold and special drawing rights (SDRs)
5190022 502212 8943643 1322530 15958410 3179713 19138123 AF.2 Currency and deposits 19138119 2285709 16852410 1352 16508890 342164

1229535 210700 8982283 394057 10816570 2648655 13465225 AF.33 Debt securities, excluding financial derivatives 13465231 2353801 11111430 666728 5458143 4986557

47655 25265 801751 97896 972567 601334 1573901 AF.331 Original maturity up to 1 year 1573901 178574 1395327 235488 571484 588355

1181880 185435 8180532 296160 9844007 2047321 11891328 AF.332 Original maturity above 1 year 11891329 2175228 9716101 431240 4886658 4398202

62080 378671 12242880 2028525 14712160 1278418 15990578 AF.4 Loans 15990571 1904451 14086120 6250831 1904122 1115994 4815175

16333 46293 3051419 821579 3935624 AF.41 Original maturity up to 1 year 3354910 1987744 893145 127869 346153

45747 332378 9191460 1206946 10776530 AF.42 Original maturity above 1 year 10731210 4263087 1010977 988126 4469022

4811669 1004615 8250370 6533346 20600000 4309084 24909084 AF.5 Shares and other equity 24909083 3986983 20922100 11134710 9778891 3735 4769

3159141 891570 6359698 6119448 16529860 AF.51 Shares and other equity, excluding mutual fund shares 15486990 11134710 4343778 3735 4769

914475 317705 3154424 1485847 5872451 AF.511 Quoted shares 5137037 3748096 1388941

2244666 573866 3205275 4633601 10657410 AF.512 + AF.513 Unquoted shares and other equity 10349950 7386609 2954837 3735 4769

1652527 113045 1890672 413897 4070141 AF.52 Mutual fund shares 5435112 5435112

4589654 2926 164924 128667 4886171 157193 5043364 AF.6 Insurance technical reserves 5043364 5043364 314419 4696052 479 32414

4277636 4277636 77732 4355368 AF.61 Net equity of households in life insurance reserves and in pension fund 4355368 4355368 314419 4008056 479 32414

312018 2926 164924 128667 608535 79461 687996 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 687996 687996 687996

413330 543348 1026216 3055191 5038085 254802 5292887 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 5292887 428486 4864400 2885022 1146514 352900 479966
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2006
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
1850364 1046144 374994 4376112 7647615 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 915461

8563076 B.1g* (1) Gross Domestic Product (GDP)

346103 161832 42471 702797 1253204 K.1 Consumption of fixed capital

1504261 884312 332523 3673315 7309872 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 8563076 4376112 374994 1046144 1850364

406539 873305 207399 2587537 4074780 17844 4092624 D.1 Compensation of employees

966177 D.21 Taxes on products

46878 19364 16580 136237 219059 D.29 Other taxes on production

D.31 Subsidies on products 50715

D.39 Other subsidies on production 91810 62435 910 4967 23498

1420446 158443 151924 1714773 3445586 B.2g(2) Gross operating surplus

346103 161832 42471 702797 1253204 K.1 Consumption of fixed capital

1074343 -3389 109453 1011976 2192383 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2006
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 3445586 1714773 151924 158443 1420446

D.1 Compensation of employees 4092624 10186 4082437 4082437

D.2 Taxes on production and imports 1185235 26972 1158264 1158264

D.21 Taxes on products 966177 26972 939205 939205

D.29 Other taxes on production 219059 0 219059 219059

103424 103424 39101 142525 D.3 Subsidies

40365 40365 10350 50715 D.31 Subsidies on products

63059 63059 28751 91810 D.39 Other subsidies on production

175365 249646 1391661 1214224 3030896 473597 3504492 D.4 Property income 3504492 473688 3030805 504391 1433373 80285 1012756

165672 249508 961056 276357 1652593 263025 1915618 D.41 Interest 1915618 291723 1623895 171957 1157903 30019 264016

9693 137 430605 937867 1378303 210571 1588874 D.4N Property income other than interest 1588874 181964 1406910 332433 275470 50266 748740

6340274 1043921 193637 1004940 8582772 B.5g / B.5*g Balance of primary incomes, gross / gross national income

346103 161832 42471 702797 1253204 K.1 Consumption of fixed capital

5994171 882089 151166 302143 7329568 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1714773 151924

961056 276357 D.41 Interest 171957 1157903

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

459802 1931887 B.4g Entrepreneurial income, gross

42471 702797 K.1 Consumption of fixed capital

417331 1229089 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2006
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 8582772 1004940 193637 1043921 6340274

794103 1480 42673 190160 1028415 6425 1034840 D.5 Current taxes on income, wealth, etc. 1034840 1674 1033165 1033165

1540940 1540940 3282 1544223 D.61 Social contributions 1544223 3985 1540238 74889 152588 1308652 4108

5761 1384748 103599 61131 1555240 3405 1558645 D.62 Social benefits other than social transfers in kind 1558645 11492 1547153 1547153

276668 165815 189215 91369 723067 32665 755731 D.7 Other current transfers 755731 120852 634879 39888 184431 66817 343743

136053 2701 3596 37520 179870 5417 185287 D.71 Net non-life insurance premiums 185287 5107 180180 180180 0

180180 180180 2128 182308 D.72 Non-life insurance claims 182308 5195 177113 29003 2718 1180 144213

140614 163113 5439 53850 363016 25120 388136 D.7N Other current transfers but non-life insurance premiums & claims 388136 110550 277586 10885 1534 65637 199530

5617807 1900513 195169 777056 8490546 B.6g Gross disposable income

346103 161832 42471 702797 1253204 K.1 Consumption of fixed capital

5271704 1738681 152698 74259 7237342 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 8490546 777056 195169 1900513 5617807

4909595 1736381 6645976 P.3 Final consumption expenditure

4909595 1047715 5957310 P.31 Individual consumption expenditure

688666 688666 P.32 Collective consumption expenditure

401 3 49380 14127 63911 198 64109 D.8 Adjustment for the change in net equity of households in pension funds reserves 64109 0 64109 64109

771919 164130 145790 762929 1844768 B.8g Gross saving

346103 161832 42471 702797 1253204 K.1 Consumption of fixed capital

425816 2298 103319 60132 591564 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2006
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
1839269 P.6 Exports of goods and services

1399724 P.61 Exports of goods

439546 P.62 Exports of services

P.7 Imports of goods and services 1802055

P.71 Imports of goods 1397122

P.72 Imports of services 404933

-37214 B.11 External balance of goods & services

13305907 576517 13882424 D.1 to D.8 Primary incomes and current transfers 13882424 648849 13233575

35118 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 626682 35118 591564 60132 103319 2298 425816

35089 115839 9412 9964 170304 25300 195603 D.9 Capital transfers 195603 10700 184904 82211 5441 42855 54398

21473 11 1055 22539 0 22539 D.91 Capital taxes 22539 0 22539 22539

13616 115839 9401 8908 147764 25300 173064 D.9N Investment grants and other capital tranfers 173064 10700 162364 82211 5441 20315 54398

445124 -70686 99348 132379 606164 20518 626682 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 626682 20518 606164 132379 99348 -70686 445124

613767 212998 45712 1007409 1879886 1879886 P.5 Gross capital formation

609223 212906 46051 989414 1857595 1857595 P.51 Gross fixed capital formation

4543 92 -340 17996 22291 22291 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 1253204 1253204 702797 42471 161832 346103

-5074 -2740 1267 6131 -416 416 0 K.2 Acquisitions less disposals of non-produced non-financial assets

182534 -119112 94840 -178364 -20102 20102 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2006
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) 167780 868434 -700653 -7790742 285482 -4159358 10963970

16296290 2642472 39778100 13462320 72179170 11827860 84007030 AF Total financial assets/ total liabilities 83839260 10959430 72879830 21253060 39492610 6801830 5332324

167781 167781 167781 AF.1 Monetary gold and special drawing rights (SDRs)
5190022 502212 8943643 1322530 15958410 3179713 19138123 AF.2 Currency and deposits 19138119 2285709 16852410 1352 16508890 342164

1229535 210700 8982283 394057 10816570 2648655 13465225 AF.33 Debt securities, excluding financial derivatives 13465231 2353801 11111430 666728 5458143 4986557

47655 25265 801751 97896 972567 601334 1573901 AF.331 Original maturity up to 1 year 1573901 178574 1395327 235488 571484 588355

1181880 185435 8180532 296160 9844007 2047321 11891328 AF.332 Original maturity above 1 year 11891329 2175228 9716101 431240 4886658 4398202

62080 378671 12242880 2028525 14712160 1278418 15990578 AF.4 Loans 15990571 1904451 14086120 6250831 1904122 1115994 4815175

16333 46293 3051419 821579 3935624 AF.41 Original maturity up to 1 year 3354910 1987744 893145 127869 346153

45747 332378 9191460 1206946 10776530 AF.42 Original maturity above 1 year 10731210 4263087 1010977 988126 4469022

4811669 1004615 8250370 6533346 20600000 4309084 24909084 AF.5 Shares and other equity 24909083 3986983 20922100 11134710 9778891 3735 4769

3159141 891570 6359698 6119448 16529860 AF.51 Shares and other equity, excluding mutual fund shares 15486990 11134710 4343778 3735 4769

914475 317705 3154424 1485847 5872451 AF.511 Quoted shares 5137037 3748096 1388941

2244666 573866 3205275 4633601 10657410 AF.512 + AF.513 Unquoted shares and other equity 10349950 7386609 2954837 3735 4769

1652527 113045 1890672 413897 4070141 AF.52 Mutual fund shares 5435112 5435112

4589654 2926 164924 128667 4886171 157193 5043364 AF.6 Insurance technical reserves 5043364 5043364 314419 4696052 479 32414

4277636 4277636 77732 4355368 AF.61 Net equity of households in life insurance reserves and in pension fund 4355368 4355368 314419 4008056 479 32414

312018 2926 164924 128667 608535 79461 687996 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 687996 687996 687996

413330 543348 1026216 3055191 5038085 254802 5292887 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 5292887 428486 4864400 2885022 1146514 352900 479966
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2006
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 20102 -20102 -178364 94840 -119112 182534

B.9 - B.9F Statistical discrepancy 0 0 0 5678 43 -1318 -4403

B.9F Net lending (+) / net borrowing (+) from financial accounts 0 20102 -20102 -184042 94797 -117795 186938

655491 56283 4403890 910848 6026511 1729767 7756278 F Total changes in financial assets/ liabilities 7756279 1709665 6046614 1094890 4309094 174077 468553

-3708 -3708 3708 0 F.1 Monetary gold and special drawing rights (SDRs)
287563 32544 1206676 178956 1705740 503265 2209004 F.2 Currency and deposits 2209004 458098 1750906 297 1733098 17511

68627 30939 731772 1127 832465 468466 1300931 F.33 Debt securities, excluding financial derivatives 1300931 365981 934950 38095 793846 103009

32729 3040 121065 8855 165689 -4890 160799 F.331 Original maturity up to 1 year 160799 42742 118057 18273 126863 -27079

35898 27899 610707 -7729 666776 473356 1140132 F.332 Original maturity above 1 year 1140132 323239 816893 19822 666983 130088

4653 -15039 1515098 196567 1701278 208810 1910089 F.4 Loans 1910089 387711 1522378 632310 465180 12950 411938

398 2973 426063 71129 500562 F.41 Original maturity up to 1 year 435681 190841 223954 7126 13760

4255 -18012 1089035 125438 1200716 F.42 Original maturity above 1 year 1086697 441468 241226 5825 398178

-26271 -14618 833778 285020 1077908 479347 1557255 F.5 Shares and other equity 1557255 484960 1072295 230819 841366 30 80

-5050 -27931 564111 281877 813007 F.51 Shares and other equity, excluding mutual fund shares 564949 230819 334020 30 80

-15160 -19177 186108 47512 199282 F.511 Quoted shares 82983 32472 50511

10110 -8753 378003 234365 613725 F.512 + F.513 Unquoted shares and other equity 481966 198347 283509 30 80

-21221 13312 269667 3143 264901 F.52 Mutual fund shares 507346 507346

297056 130 10436 6247 313870 21595 335465 F.6 Insurance technical reserves 335465 335465 14700 320094 29 643

289708 289708 28769 318478 F.61 Net equity of households in life insurance reserves and in pension fund 318478 318478 14700 303106 29 643

7348 130 10436 6247 24162 -7174 16988 F.62 Prepayments of insurance premiums and reserves for outstanding claims 16988 16988 16988

23862 22326 109839 242931 398959 44576 443534 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives 443534 12915 430619 178670 155510 40548 55892
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2006
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth 16837 204966 -188129 -988268 -30115 281496 548757

558274 116220 547656 853307 2075457 27157 2102613 AF Total changes in financial assets/ liabilities 2085776 -177809 2263586 1841575 577771 -165276 9517

16837 16837 16837 AF.1 Monetary gold and special drawing rights (SDRs)
5281 -3101 -93945 8399 -83364 -93975 -177339 AF.2 Currency and deposits -177339 -63787 -113553 1 -114039 485

23797 -4450 -208642 10107 -179187 -184776 -363963 AF.33 Debt securities, excluding financial derivatives -363963 -101465 -262499 -29703 -87572 -145224

8564 -215 53689 8131 70169 -59648 10522 AF.331 Original maturity up to 1 year 10522 -2697 13219 -2600 7143 8676

15233 -4235 -262331 1976 -249357 -125128 -374485 AF.332 Original maturity above 1 year -374485 -98767 -275718 -27103 -94715 -153900

-190 -2035 -12300 -27467 -41991 10240 -31751 AF.4 Loans -31751 -42499 10748 7158 2820 -2969 3740

-305 -2584 -39058 -17895 -59842 AF.41 Original maturity up to 1 year -14002 -746 -3686 -2994 -6575

115 550 26757 -9572 17851 AF.42 Original maturity above 1 year 24750 7904 6506 25 10315

467371 133884 832980 862060 2296295 302505 2598799 AF.5 Shares and other equity 2598799 44999 2553801 1807166 745256 1049 329

410414 127701 706702 848491 2093308 AF.51 Shares and other equity, excluding mutual fund shares 2302172 1807166 493627 1049 329

179615 88400 467470 127924 863410 AF.511 Quoted shares 1042050 760122 281928

230799 39301 239232 720567 1229899 AF.512 + AF.513 Unquoted shares and other equity 1260121 1047044 211699 1049 329

56957 6183 126278 13569 202986 AF.52 Mutual fund shares 251629 251629

63630 4 -5149 -976 57508 -3076 54432 AF.6 Insurance technical reserves 54432 54432 0 54430 1 1

59581 59581 -6422 53159 AF.61 Net equity of households in life insurance reserves and in pension fund 53159 53159 0 53157 1 1

4049 4 -5149 -976 -2073 3346 1273 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 1273 1273 1273

-1616 -8082 17875 1183 9361 -3761 5599 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 5599 -15058 20657 56953 -23124 -18619 5447
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2006
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 180910 1089794 -908884 -8963053 350164 -3995656 11699660

17510050 2814975 44729640 15226470 80281140 13581080 93862220 AF Total financial assets/ total liabilities 93681320 12491290 81190030 24189520 44379480 6810631 5810394

180909 180909 180909 AF.1 Monetary gold and special drawing rights (SDRs)
5482867 531655 10056370 1509886 17580780 3589002 21169782 AF.2 Currency and deposits 21169780 2680020 18489760 1650 18127950 360161

1321960 237189 9505413 405291 11469850 2932345 14402195 AF.33 Debt securities, excluding financial derivatives 14402198 2618318 11783880 675120 6164417 4944342

88949 28089 976505 114883 1208426 536796 1745222 AF.331 Original maturity up to 1 year 1745222 218619 1526603 251161 705491 569951

1233011 209100 8528908 290408 10261430 2395549 12656979 AF.332 Original maturity above 1 year 12656979 2399699 10257280 423959 5458926 4374391

66543 361598 13745680 2197625 16371440 1497468 17868908 AF.4 Loans 17868913 2249663 15619250 6890299 2372121 1125976 5230853

16425 46682 3438424 874813 4376344 AF.41 Original maturity up to 1 year 3776589 2177839 1113412 132000 353338

50118 314916 10307250 1322812 11995100 AF.42 Original maturity above 1 year 11842660 4712460 1258709 993975 4877516

5252769 1123880 9917128 7680425 23974200 5090935 29065135 AF.5 Shares and other equity 29065142 4516942 24548200 13172690 11365510 4814 5178

3564506 991341 7630511 7249816 19436170 AF.51 Shares and other equity, excluding mutual fund shares 18354110 13172690 5171426 4814 5178

1078931 386928 3808001 1661283 6935142 AF.511 Quoted shares 6262070 4540690 1721381

2485575 604413 3822510 5588534 12501030 AF.512 + AF.513 Unquoted shares and other equity 12092040 8632001 3450045 4814 5178

1688263 132540 2286617 430609 4538028 AF.52 Mutual fund shares 6194087 6194087

4950340 3060 170211 133938 5257549 175713 5433262 AF.6 Insurance technical reserves 5433261 5433261 329119 5070575 509 33058

4626925 4626925 100080 4727005 AF.61 Net equity of households in life insurance reserves and in pension fund 4727005 4727005 329119 4364319 509 33058

323415 3060 170211 133938 630624 75633 706257 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 706257 706257 706257

435576 557592 1153930 3299306 5446405 295616 5742021 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 5742021 426344 5315677 3120644 1278899 374829 541304
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2007
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
1943691 1082644 389968 4644495 8060798 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 960067

9020865 B.1g* (1) Gross Domestic Product (GDP)

368034 170253 43541 737506 1319334 K.1 Consumption of fixed capital

1575657 912391 346427 3906989 7701531 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 9020865 4644495 389968 1082644 1943691

425832 900205 217630 2716409 4260075 18977 4279052 D.1 Compensation of employees

1012552 D.21 Taxes on products

49065 19989 17423 144464 230942 D.29 Other taxes on production

D.31 Subsidies on products 52484

D.39 Other subsidies on production 94672 64791 767 4506 24607

1493401 166957 155682 1848413 3664452 B.2g(2) Gross operating surplus

368034 170253 43541 737506 1319334 K.1 Consumption of fixed capital

1125367 -3297 112141 1110907 2345118 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2007
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 3664452 1848413 155682 166957 1493401

D.1 Compensation of employees 4279052 11685 4267367 4267367

D.2 Taxes on production and imports 1243494 28821 1214673 1214673

D.21 Taxes on products 1012552 28821 983731 983731

D.29 Other taxes on production 230942 0 230942 230942

110407 110407 36749 147156 D.3 Subsidies

44373 44373 8112 52484 D.31 Subsidies on products

66034 66034 28637 94672 D.39 Other subsidies on production

225577 267693 1792362 1341530 3627162 597623 4224785 D.4 Property income 4224785 586424 3638361 596893 1832487 90828 1118152

215740 267569 1252938 342680 2078927 329308 2408235 D.41 Interest 2408235 367742 2040493 203928 1493432 33002 310131

9837 124 539423 998850 1548235 268316 1816550 D.4N Property income other than interest 1816550 218682 1597868 392965 339055 57827 808021

6653344 1094357 195807 1103776 9047285 B.5g / B.5*g Balance of primary incomes, gross / gross national income

368034 170253 43541 737506 1319334 K.1 Consumption of fixed capital

6285310 924104 152266 366270 7727951 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1848413 155682

1252938 342680 D.41 Interest 203928 1493432

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

552355 2091613 B.4g Entrepreneurial income, gross

43541 737506 K.1 Consumption of fixed capital

508814 1354106 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2007
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 9047285 1103776 195807 1094357 6653344

851778 1386 47624 211812 1112599 8739 1121338 D.5 Current taxes on income, wealth, etc. 1121338 1763 1119575 1119575

1598230 1598230 3616 1601846 D.61 Social contributions 1601846 4183 1597662 63587 170261 1359594 4220

5984 1425626 107821 62444 1601875 3006 1604882 D.62 Social benefits other than social transfers in kind 1604882 11790 1593091 1593091

290808 170518 192116 99642 753084 35004 788088 D.7 Other current transfers 788088 126380 661708 44789 188950 66245 361724

137410 2803 3331 40493 184037 4598 188635 D.71 Net non-life insurance premiums 188635 4544 184091 184091 0

184091 184091 2582 186673 D.72 Non-life insurance claims 186673 4970 181703 31382 2429 1177 146714

153398 167716 4694 59149 384956 27823 412780 D.7N Other current transfers but non-life insurance premiums & claims 412780 116866 295914 13407 2429 65068 215010

5865579 2042241 207458 838255 8953533 B.6g Gross disposable income

368034 170253 43541 737506 1319334 K.1 Consumption of fixed capital

5497545 1871988 163917 100749 7634199 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 8953533 838255 207458 2042241 5865579

5104760 1806345 6911105 P.3 Final consumption expenditure

5104760 1093961 6198720 P.31 Individual consumption expenditure

712384 712384 P.32 Collective consumption expenditure

423 -1 62908 1216 64546 202 64747 D.8 Adjustment for the change in net equity of households in pension funds reserves 64747 0 64747 64747

825144 235897 144550 837039 2042630 B.8g Gross saving

368034 170253 43541 737506 1319334 K.1 Consumption of fixed capital

457110 65644 101009 99533 723296 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2007
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
2004948 P.6 Exports of goods and services

1514785 P.61 Exports of goods

490163 P.62 Exports of services

P.7 Imports of goods and services 1922605

P.71 Imports of goods 1473882

P.72 Imports of services 448724

-82342 B.11 External balance of goods & services

14371473 703916 15075388 D.1 to D.8 Primary incomes and current transfers 15075388 771046 14304342

-15212 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 708084 -15212 723296 99533 101009 65644 457110

35907 104647 4147 5623 150324 24857 175181 D.9 Capital transfers 175181 9883 165298 73757 2725 40672 48143

23051 10 1222 24284 0 24284 D.91 Capital taxes 24284 0 24284 24284

12855 104647 4136 4401 126040 24857 150897 D.9N Investment grants and other capital tranfers 150897 9883 141014 73757 2725 16389 48143

469346 1669 99587 167667 738270 -30186 708084 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 708084 -30186 738270 167667 99587 1669 469346

652492 232498 38368 1104060 2027418 2027418 P.5 Gross capital formation

645492 231606 39479 1075208 1991786 1991786 P.51 Gross fixed capital formation

7000 892 -1111 28852 35632 35632 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 1319334 1319334 737506 43541 170253 368034

-7504 -531 56 6791 -1187 1187 0 K.2 Acquisitions less disposals of non-produced non-financial assets

192392 -60045 104705 -205679 31373 -31373 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2007
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) 180910 1089794 -908884 -8963053 350164 -3995656 11699660

17510050 2814975 44729640 15226470 80281140 13581080 93862220 AF Total financial assets/ total liabilities 93681320 12491290 81190030 24189520 44379480 6810631 5810394

180909 180909 180909 AF.1 Monetary gold and special drawing rights (SDRs)
5482867 531655 10056370 1509886 17580780 3589002 21169782 AF.2 Currency and deposits 21169780 2680020 18489760 1650 18127950 360161

1321960 237189 9505413 405291 11469850 2932345 14402195 AF.33 Debt securities, excluding financial derivatives 14402198 2618318 11783880 675120 6164417 4944342

88949 28089 976505 114883 1208426 536796 1745222 AF.331 Original maturity up to 1 year 1745222 218619 1526603 251161 705491 569951

1233011 209100 8528908 290408 10261430 2395549 12656979 AF.332 Original maturity above 1 year 12656979 2399699 10257280 423959 5458926 4374391

66543 361598 13745680 2197625 16371440 1497468 17868908 AF.4 Loans 17868913 2249663 15619250 6890299 2372121 1125976 5230853

16425 46682 3438424 874813 4376344 AF.41 Original maturity up to 1 year 3776589 2177839 1113412 132000 353338

50118 314916 10307250 1322812 11995100 AF.42 Original maturity above 1 year 11842660 4712460 1258709 993975 4877516

5252769 1123880 9917128 7680425 23974200 5090935 29065135 AF.5 Shares and other equity 29065142 4516942 24548200 13172690 11365510 4814 5178

3564506 991341 7630511 7249816 19436170 AF.51 Shares and other equity, excluding mutual fund shares 18354110 13172690 5171426 4814 5178

1078931 386928 3808001 1661283 6935142 AF.511 Quoted shares 6262070 4540690 1721381

2485575 604413 3822510 5588534 12501030 AF.512 + AF.513 Unquoted shares and other equity 12092040 8632001 3450045 4814 5178

1688263 132540 2286617 430609 4538028 AF.52 Mutual fund shares 6194087 6194087

4950340 3060 170211 133938 5257549 175713 5433262 AF.6 Insurance technical reserves 5433261 5433261 329119 5070575 509 33058

4626925 4626925 100080 4727005 AF.61 Net equity of households in life insurance reserves and in pension fund 4727005 4727005 329119 4364319 509 33058

323415 3060 170211 133938 630624 75633 706257 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 706257 706257 706257

435576 557592 1153930 3299306 5446405 295616 5742021 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 5742021 426344 5315677 3120644 1278899 374829 541304
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2007
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 -31373 31373 -205679 104705 -60045 192392

B.9 - B.9F Statistical discrepancy 0 0 0 -19653 71 -183 19765

B.9F Net lending (+) / net borrowing (+) from financial accounts 0 -31373 31373 -186026 104634 -59862 172627

571430 108455 5488948 1249454 7418288 1861441 9279729 F Total changes in financial assets/ liabilities 9279729 1892814 7386915 1435480 5384314 168317 398803

-2853 -2853 2853 0 F.1 Monetary gold and special drawing rights (SDRs)
315637 26370 2113642 150122 2605771 708019 3313791 F.2 Currency and deposits 3313790 460464 2853327 -505 2870531 -16699

62095 39816 970882 6377 1079169 414437 1493606 F.33 Debt securities, excluding financial derivatives 1493606 349223 1144383 37769 975600 131014

27268 12191 215098 19671 274229 90032 364261 F.331 Original maturity up to 1 year 364261 50778 313482 26361 251546 35575

34826 27625 755784 -13294 804941 324405 1129346 F.332 Original maturity above 1 year 1129346 298445 830901 11407 724054 95439

1724 10372 1728810 373809 2114715 256376 2371091 F.4 Loans 2371091 519037 1852053 860918 602226 16615 372296

-695 6573 474714 125309 605902 F.41 Original maturity up to 1 year 507197 241572 231733 20932 12960

2418 3799 1254095 248500 1508813 F.42 Original maturity above 1 year 1344857 619345 370492 -4317 359336

-35758 9339 626098 419310 1018989 476473 1495462 F.5 Shares and other equity 1495462 453668 1041794 381897 659835 -3 64

-2582 -6079 490396 458096 939831 F.51 Shares and other equity, excluding mutual fund shares 765904 381897 383946 -3 64

-9679 -11597 56048 144696 179468 F.511 Quoted shares 65241 54053 11188

7097 5518 434348 313400 760362 F.512 + F.513 Unquoted shares and other equity 700663 327844 372758 -3 64

-33176 15418 135702 -38786 79158 F.52 Mutual fund shares 275890 275890

230106 107 10539 4617 245369 1315 246685 F.6 Insurance technical reserves 246685 246685 1519 244758 -14 421

218860 218860 12567 231426 F.61 Net equity of households in life insurance reserves and in pension fund 231426 231426 1519 229500 -14 421

11246 107 10539 4617 26509 -11251 15258 F.62 Prepayments of insurance premiums and reserves for outstanding claims 15258 15258 15258

-2373 22450 41830 295219 357126 1968 359094 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives 359094 110422 248672 153882 31363 37404 26023
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2007
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth 27545 201552 -174007 -662001 170920 231636 85437

82010 144082 -344874 240355 121574 -159811 -38237 AF Total changes in financial assets/ liabilities -65782 -361363 295581 902356 -515794 -87554 -3427

27545 27545 27545 AF.1 Monetary gold and special drawing rights (SDRs)
5695 -202 -246118 17829 -222796 -182060 -404857 AF.2 Currency and deposits -404857 -92702 -312155 25303 -245783 -91675

-14540 -4973 -253237 801 -271949 -143865 -415814 AF.33 Debt securities, excluding financial derivatives -415814 -120744 -295070 -32867 -157840 -104362

-7190 -510 -20686 6154 -22232 -95036 -117268 AF.331 Original maturity up to 1 year -117268 -39263 -78005 -21554 -58838 2387

-7350 -4463 -232551 -5354 -249718 -48828 -298546 AF.332 Original maturity above 1 year -298546 -81480 -217065 -11313 -99002 -106750

-422 5731 17275 -18632 3952 16233 20185 AF.4 Loans 20184 -19263 39447 -68342 18518 97392 -8120

-285 2524 -74129 -37925 -109815 AF.41 Original maturity up to 1 year -45317 -63232 20147 101 -2333

-137 3207 91404 19293 113767 AF.42 Original maturity above 1 year 84764 -5110 -1629 97290 -5787

81687 138697 58083 199830 478297 75592 553888 AF.5 Shares and other equity 553888 -26980 580868 812879 -234345 1196 1138

65400 136931 27557 183616 413504 AF.51 Shares and other equity, excluding mutual fund shares 578055 812879 -237158 1196 1138

7302 60061 73068 26379 166811 AF.511 Quoted shares 325309 442861 -117552

58098 76870 -45511 157237 246693 AF.512 + AF.513 Unquoted shares and other equity 252746 370018 -119606 1196 1138

16287 1766 30526 16214 64793 AF.52 Mutual fund shares 2813 2813

7763 -13 70 -1134 6686 3233 9919 AF.6 Insurance technical reserves 9919 9919 -1832 11752 -1 0

9038 9038 1877 10915 AF.61 Net equity of households in life insurance reserves and in pension fund 10915 10915 -1832 12748 -1 0

-1276 -13 70 -1134 -2352 1356 -996 AF.62 Prepayments of insurance premiums and reserves for outstanding claims -996 -996 -996

1827 4843 51508 41662 99840 71057 170897 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 170897 -101674 272571 167215 91904 9897 3555
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2007
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 205601 1257120 -1051519 -9811079 625718 -3823882 11957720

18163490 3067512 49873720 16716280 87821000 15279860 103100860 AF Total financial assets/ total liabilities 102895260 14022740 88872520 26527360 49248000 6891393 6205770

205602 205602 205602 AF.1 Monetary gold and special drawing rights (SDRs)
5804198 557823 11923900 1677837 19963760 4114961 24078721 AF.2 Currency and deposits 24078722 3047782 21030940 26448 20752700 251787

1369514 272031 10223060 412468 12277070 3202917 15479987 AF.33 Debt securities, excluding financial derivatives 15479987 2846797 12633190 680022 6982177 4970994

109027 39770 1170917 140708 1460422 531792 1992214 AF.331 Original maturity up to 1 year 1992214 230134 1762080 255968 898199 607914

1260487 232261 9052141 271760 10816650 2671126 13487776 AF.332 Original maturity above 1 year 13487773 2616663 10871110 424053 6083978 4363080

67845 377702 15491760 2552802 18490110 1770077 20260187 AF.4 Loans 20260187 2749437 17510750 7682874 2992865 1239982 5595029

15446 55779 3839010 962197 4872431 AF.41 Original maturity up to 1 year 4238469 2356179 1365292 153033 363964

52399 321923 11652750 1590605 13617680 AF.42 Original maturity above 1 year 13272280 5326695 1627573 1086949 5231064

5298698 1271916 10601310 8299565 25471490 5643000 31114490 AF.5 Shares and other equity 31114490 4943630 26170860 14367470 11791000 6007 6381

3627324 1122192 8148464 7891528 20789510 AF.51 Shares and other equity, excluding mutual fund shares 19698070 14367470 5318213 6007 6381

1076554 435392 3937118 1832358 7281421 AF.511 Quoted shares 6652620 5037603 1615017

2550770 686801 4211346 6059170 13508090 AF.512 + AF.513 Unquoted shares and other equity 13045450 9329863 3703197 6007 6381

1671374 149724 2452845 408037 4681979 AF.52 Mutual fund shares 6472790 6472790

5188209 3154 180820 137421 5509604 180261 5689865 AF.6 Insurance technical reserves 5689865 5689865 328806 5327086 494 33479

4854823 4854823 114524 4969347 AF.61 Net equity of households in life insurance reserves and in pension fund 4969346 4969346 328806 4606567 494 33479

333386 3154 180820 137421 654781 65738 720519 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 720519 720519 720519

435031 584886 1247268 3636186 5903371 368641 6272011 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 6272011 435092 5836920 3441742 1402166 422130 570882
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2008
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
2005631 1129002 388862 4760026 8283521 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 945623

9229143 B.1g* (1) Gross Domestic Product (GDP)

385094 179354 44814 773538 1382801 K.1 Consumption of fixed capital

1620536 949648 344047 3986488 7846342 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 9229143 4760026 388862 1129002 2005631

443324 937130 220640 2835917 4437010 19171 4456181 D.1 Compensation of employees

998953 D.21 Taxes on products

47298 20842 17050 144849 230039 D.29 Other taxes on production

D.31 Subsidies on products 53330

D.39 Other subsidies on production 97354 67948 633 4414 24360

1539369 175444 151805 1847207 3713825 B.2g(2) Gross operating surplus

385094 179354 44814 773538 1382801 K.1 Consumption of fixed capital

1154274 -3910 106991 1073670 2331025 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2008
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 3713825 1847207 151805 175444 1539369

D.1 Compensation of employees 4456181 12217 4443964 4443964

D.2 Taxes on production and imports 1228992 30160 1198831 1198831

D.21 Taxes on products 998953 30160 968793 968793

D.29 Other taxes on production 230039 0 230039 230039

114063 114063 36622 150684 D.3 Subsidies

45823 45823 7507 53330 D.31 Subsidies on products

68240 68240 29115 97354 D.39 Other subsidies on production

253143 278923 1926916 1427756 3886738 522079 4408817 D.4 Property income 4408817 584165 3824652 594723 1961208 101599 1167123

243302 278782 1409047 388565 2319695 325445 2645140 D.41 Interest 2645140 382468 2262672 216342 1663303 36035 346992

9841 141 517870 1039191 1567043 196634 1763677 D.4N Property income other than interest 1763677 201697 1561980 378381 297905 65564 820131

6897312 1082889 186097 1014174 9180472 B.5g / B.5*g Balance of primary incomes, gross / gross national income

385094 179354 44814 773538 1382801 K.1 Consumption of fixed capital

6512218 903535 141283 240636 7797671 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1847207 151805

1409047 388565 D.41 Interest 216342 1663303

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

519967 2037717 B.4g Entrepreneurial income, gross

44814 773538 K.1 Consumption of fixed capital

475152 1264180 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2008
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 9180472 1014174 186097 1082889 6897312

891367 1363 32659 197026 1122415 10366 1132780 D.5 Current taxes on income, wealth, etc. 1132780 2460 1130320 1130320

1667357 1667357 3642 1670999 D.61 Social contributions 1670999 4105 1666894 66298 182035 1414071 4490

6259 1486292 112909 64753 1670214 3312 1673526 D.62 Social benefits other than social transfers in kind 1673526 11240 1662286 1662286

303679 184569 198036 100222 786506 33531 820037 D.7 Other current transfers 820037 137678 682359 43237 193814 70395 374913

141806 2713 3402 40191 188112 5487 193598 D.71 Net non-life insurance premiums 193598 4465 189133 189133 0

189133 189133 1918 191052 D.72 Non-life insurance claims 191052 5606 185446 30893 2417 1135 151001

161872 181857 5501 60031 409261 26127 435387 D.7N Other current transfers but non-life insurance premiums & claims 435387 127607 307780 12344 2263 69261 223912

6070339 2025451 218341 761709 9075840 B.6g Gross disposable income

385094 179354 44814 773538 1382801 K.1 Consumption of fixed capital

5685245 1846097 173526 -11829 7693039 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 9075840 761709 218341 2025451 6070339

5271498 1897295 7168793 P.3 Final consumption expenditure

5271498 1149121 6420619 P.31 Individual consumption expenditure

748174 748174 P.32 Collective consumption expenditure

359 4 69006 1730 71098 5 71103 D.8 Adjustment for the change in net equity of households in pension funds reserves 71103 0 71103 71103

869586 128152 149334 759979 1907051 B.8g Gross saving

385094 179354 44814 773538 1382801 K.1 Consumption of fixed capital

484491 -51202 104520 -13559 524251 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2008
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
2089352 P.6 Exports of goods and services

1578871 P.61 Exports of goods

510481 P.62 Exports of services

P.7 Imports of goods and services 2067028

P.71 Imports of goods 1596079

P.72 Imports of services 470949

-22325 B.11 External balance of goods & services

14984393 628727 15613121 D.1 to D.8 Primary incomes and current transfers 15613121 782026 14831095

130974 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 655225 130974 524251 -13559 104520 -51202 484491

36075 111885 -2657 5042 150344 20347 170692 D.9 Capital transfers 170691 10679 160013 78816 8817 35163 37217

23038 13 931 23981 0 23981 D.91 Capital taxes 23981 0 23981 23981

13036 111885 -2670 4111 126363 20347 146710 D.9N Investment grants and other capital tranfers 146710 10679 136031 78816 8817 11181 37217

485634 -127924 115994 60215 533919 121305 655224 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 655224 121305 533919 60215 115994 -127924 485634

646291 238606 50945 1102184 2038025 2038025 P.5 Gross capital formation

637940 237622 50761 1092270 2018593 2018593 P.51 Gross fixed capital formation

8351 984 184 9913 19432 19432 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 1382801 1382801 773538 44814 179354 385094

-7125 -570 461 7357 123 -123 0 K.2 Acquisitions less disposals of non-produced non-financial assets

231562 -186606 109403 -275787 -121428 121428 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2008
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) 205601 1257120 -1051519 -9811079 625718 -3823882 11957720

18163490 3067512 49873720 16716280 87821000 15279860 103100860 AF Total financial assets/ total liabilities 102895260 14022740 88872520 26527360 49248000 6891393 6205770

205602 205602 205602 AF.1 Monetary gold and special drawing rights (SDRs)
5804198 557823 11923900 1677837 19963760 4114961 24078721 AF.2 Currency and deposits 24078722 3047782 21030940 26448 20752700 251787

1369514 272031 10223060 412468 12277070 3202917 15479987 AF.33 Debt securities, excluding financial derivatives 15479987 2846797 12633190 680022 6982177 4970994

109027 39770 1170917 140708 1460422 531792 1992214 AF.331 Original maturity up to 1 year 1992214 230134 1762080 255968 898199 607914

1260487 232261 9052141 271760 10816650 2671126 13487776 AF.332 Original maturity above 1 year 13487773 2616663 10871110 424053 6083978 4363080

67845 377702 15491760 2552802 18490110 1770077 20260187 AF.4 Loans 20260187 2749437 17510750 7682874 2992865 1239982 5595029

15446 55779 3839010 962197 4872431 AF.41 Original maturity up to 1 year 4238469 2356179 1365292 153033 363964

52399 321923 11652750 1590605 13617680 AF.42 Original maturity above 1 year 13272280 5326695 1627573 1086949 5231064

5298698 1271916 10601310 8299565 25471490 5643000 31114490 AF.5 Shares and other equity 31114490 4943630 26170860 14367470 11791000 6007 6381

3627324 1122192 8148464 7891528 20789510 AF.51 Shares and other equity, excluding mutual fund shares 19698070 14367470 5318213 6007 6381

1076554 435392 3937118 1832358 7281421 AF.511 Quoted shares 6652620 5037603 1615017

2550770 686801 4211346 6059170 13508090 AF.512 + AF.513 Unquoted shares and other equity 13045450 9329863 3703197 6007 6381

1671374 149724 2452845 408037 4681979 AF.52 Mutual fund shares 6472790 6472790

5188209 3154 180820 137421 5509604 180261 5689865 AF.6 Insurance technical reserves 5689865 5689865 328806 5327086 494 33479

4854823 4854823 114524 4969347 AF.61 Net equity of households in life insurance reserves and in pension fund 4969346 4969346 328806 4606567 494 33479

333386 3154 180820 137421 654781 65738 720519 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 720519 720519 720519

435031 584886 1247268 3636186 5903371 368641 6272011 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 6272011 435092 5836920 3441742 1402166 422130 570882
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2008
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 121428 -121428 -275787 109403 -186606 231562

B.9 - B.9F Statistical discrepancy 0 0 0 28728 155 -1234 -27649

B.9F Net lending (+) / net borrowing (+) from financial accounts 0 121428 -121428 -304515 109248 -185372 259211

492054 340988 3234903 808115 4876059 529189 5405248 F Total changes in financial assets/ liabilities 5405248 407761 4997487 1112630 3125655 526360 232843

-2792 -2792 2792 0 F.1 Monetary gold and special drawing rights (SDRs)
404836 107471 1377636 49401 1939344 100444 2039788 F.2 Currency and deposits 2039788 -167905 2207694 1209 2213667 -7182

71044 86967 600707 -39826 718892 423518 1142411 F.33 Debt securities, excluding financial derivatives 1142411 103614 1038797 56278 541243 441276

17003 -1216 100694 14082 130564 166003 296567 F.331 Original maturity up to 1 year 296567 16550 280017 33998 6759 239260

54041 88183 500012 -53908 588329 257515 845844 F.332 Original maturity above 1 year 845844 87064 758780 22280 534484 202016

10646 47882 1108655 395915 1563097 33523 1596621 F.4 Loans 1596621 280651 1315970 690443 334829 76128 214570

513 33372 298907 243016 575807 F.41 Original maturity up to 1 year 490621 260099 188136 34681 7706

10133 14509 809748 152899 987290 F.42 Original maturity above 1 year 825348 430344 146693 41447 206864

-117862 76045 -19987 391047 329242 -21460 307782 F.5 Shares and other equity 307782 105648 202134 306350 -104385 -11 180

23941 70720 84280 398553 577494 F.51 Shares and other equity, excluding mutual fund shares 473845 306350 167325 -11 180

-11143 2889 -157906 115620 -50539 F.511 Quoted shares 46487 7804 38683

35084 67831 242185 282933 628033 F.512 + F.513 Unquoted shares and other equity 427358 298546 128642 -11 180

-141803 5325 -104267 -7506 -248252 F.52 Mutual fund shares -271711 -271711

143706 -75 13228 3237 160096 -13009 147087 F.6 Insurance technical reserves 147087 147087 1749 144982 0 356

137618 137618 -12505 125112 F.61 Net equity of households in life insurance reserves and in pension fund 125112 125112 1749 123007 0 356

6089 -75 13228 3237 22479 -504 21975 F.62 Prepayments of insurance premiums and reserves for outstanding claims 21975 21975 21975

-20316 22698 157456 8341 168179 3381 171560 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives 171560 85754 85806 56600 -4681 16149 17737
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2008
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth 18952 201597 -182645 1678663 -39254 -310103 -1511951

-1504862 -182301 -2520161 -2115164 -6322489 -852827 -7175316 AF Total changes in financial assets/ liabilities -7194266 -1054423 -6139843 -3793827 -2480907 127802 7089

18952 18952 18952 AF.1 Monetary gold and special drawing rights (SDRs)
2156 -4990 25767 13524 36456 -1326 35130 AF.2 Currency and deposits 35130 -14533 49663 -3 49667 -1

17419 220 -66729 7936 -41155 160059 118904 AF.33 Debt securities, excluding financial derivatives 118904 -35806 154710 1950 13659 139102

8946 -335 1327 172 10110 8754 18864 AF.331 Original maturity up to 1 year 18864 4695 14169 -4547 18370 345

8473 555 -68056 7764 -51264 151305 100040 AF.332 Original maturity above 1 year 100040 -40502 140542 6496 -4712 138757

-59 -87 -27969 2217 -25898 83671 57773 AF.4 Loans 57773 -31303 89076 14559 77713 682 -3877

1 -1779 -13262 5714 -9327 AF.41 Original maturity up to 1 year 18223 12108 3662 535 1919

-59 1692 -14707 -3497 -16571 AF.42 Original maturity above 1 year 70853 2451 74051 147 -5796

-1275412 -176127 -2447782 -2335332 -6234652 -1159401 -7394053 AF.5 Shares and other equity -7394054 -923803 -6470251 -3898898 -2569471 -1612 -271

-1055566 -149300 -2128874 -2273370 -5607109 AF.51 Shares and other equity, excluding mutual fund shares -5389948 -3898898 -1489169 -1612 -271

-501542 -183029 -1619756 -876765 -3181092 AF.511 Quoted shares -3118966 -2125184 -993783

-554023 33729 -509118 -1396605 -2426018 AF.512 + AF.513 Unquoted shares and other equity -2270983 -1773714 -495386 -1612 -271

-219846 -26827 -318908 -61962 -627544 AF.52 Mutual fund shares -1080303 -1080303

-263754 -1 2025 -945 -262674 2491 -260183 AF.6 Insurance technical reserves -260183 -260183 1 -260188 4 0

-260523 -260523 3637 -256886 AF.61 Net equity of households in life insurance reserves and in pension fund -256886 -256886 1 -256891 4 0

-3230 -1 2025 -945 -2151 -1147 -3298 AF.62 Prepayments of insurance premiums and reserves for outstanding claims -3298 -3298 -3298

14787 -1316 -24424 197436 186484 61680 248164 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 248164 -48977 297141 88564 207715 -10374 11237
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2008
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 221761 1577353 -1355592 -8436931 695711 -4319357 10704980

17150690 3226198 50588460 15409230 86374570 14953430 101328000 AF Total financial assets/ total liabilities 101106240 13376080 87730160 23846160 49892750 7545555 6445702

221761 221761 221761 AF.1 Monetary gold and special drawing rights (SDRs)
6211190 660304 13327300 1740762 21939560 4214079 26153639 AF.2 Currency and deposits 26153633 2865343 23288290 27654 23016040 244604

1457978 359219 10757040 380578 12954810 3786495 16741305 AF.33 Debt securities, excluding financial derivatives 16741305 2914605 13826700 738249 7537079 5551371

134976 38219 1272938 154962 1601096 706549 2307645 AF.331 Original maturity up to 1 year 2307645 251379 2056266 285420 923328 847518

1323002 320999 9484097 225616 11353710 3079945 14433655 AF.332 Original maturity above 1 year 14433656 2663226 11770430 452829 6613751 4703853

78432 425496 16572450 2950934 20027310 1887272 21914582 AF.4 Loans 21914585 2998785 18915800 8387877 3405406 1316792 5805721

15959 87371 4124654 1210927 5438912 AF.41 Original maturity up to 1 year 4747313 2628386 1557090 188249 373589

62473 338124 12447790 1740007 14588400 AF.42 Original maturity above 1 year 14168480 5759491 1848317 1128543 5432132

3905423 1171834 8133539 6355280 19566080 4462139 24028219 AF.5 Shares and other equity 24028215 4125475 19902740 10774920 9117147 4384 6290

2595699 1043612 6103870 6016711 15759890 AF.51 Shares and other equity, excluding mutual fund shares 14781960 10774920 3996370 4384 6290

563869 255252 2159456 1071213 4049790 AF.511 Quoted shares 3580141 2920224 659917

2031830 788360 3944414 4945498 11710100 AF.512 + AF.513 Unquoted shares and other equity 11201820 7854696 3336453 4384 6290

1309724 128222 2029669 338568 3806183 AF.52 Mutual fund shares 5120777 5120777

5068161 3078 196073 139713 5407026 169743 5576769 AF.6 Insurance technical reserves 5576769 5576769 330556 5211879 498 33835

4731917 4731917 105656 4837573 AF.61 Net equity of households in life insurance reserves and in pension fund 4837573 4837573 330556 4472684 498 33835

336244 3078 196073 139713 675109 64087 739196 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 739196 739196 739196

429502 606268 1380301 3841963 6258034 433702 6691735 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 6691735 471868 6219867 3586906 1605199 427905 599856
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2009
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

PRODUCTION ACCOUNT
1954652 1163462 424319 4523562 8065995 B.1g Gross value added

D.21-D.31 Taxes less subsidies on products 892644

8958639 B.1g* (1) Gross Domestic Product (GDP)

388395 182764 45073 781835 1398067 K.1 Consumption of fixed capital

1566257 980698 379247 3741727 7560572 B.1n / B.1n* (1) Net value added / Net domestic product
(1)
Gross Domestic Product (GDP) is gross value added plus taxes less subsidies on products (D21-D31). Net domestic product is net value added plus taxes less subsidies on products (D21-D31).

GENERATION OF INCOME ACCOUNT

B.1g / B.1g* Gross value added / Gross Domestic Product 8958639 4523562 424319 1163462 1954652

446200 969772 221173 2787555 4424699 19331 4444031 D.1 Compensation of employees

949769 D.21 Taxes on products

47109 21162 15778 135444 219492 D.29 Other taxes on production

D.31 Subsidies on products 57126

D.39 Other subsidies on production 106674 74003 602 4884 27185

1488529 177412 187970 1674566 3528478 B.2g(2) Gross operating surplus

388395 182764 45073 781835 1398067 K.1 Consumption of fixed capital

1100133 -5351 142898 892731 2130411 B.2n(2) Net operating surplus

(2)
Including mixed income for S.14+S.15 and S.1
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2009
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

ALLOCATION OF PRIMARY INCOME ACCOUNT

B.2g(2) Gross operating surplus 3528478 1674566 187970 177412 1488529

D.1 Compensation of employees 4444031 13270 4430761 4430761

D.2 Taxes on production and imports 1169262 22745 1146517 1146517

D.21 Taxes on products 949769 22745 927024 927024

D.29 Other taxes on production 219492 0 219492 219492

124171 124171 39628 163800 D.3 Subsidies

49605 49605 7520 57126 D.31 Subsidies on products

74566 74566 32108 106674 D.39 Other subsidies on production

158232 254514 1350696 1202335 2965777 369924 3335701 D.4 Property income 3335701 434591 2901110 476152 1347746 92247 984966

148193 254392 941652 278151 1622388 221572 1843960 D.41 Interest 1843960 290520 1553440 150098 1127205 31220 244917

10039 122 409044 924184 1343389 148352 1491741 D.4N Property income other than interest 1491741 144071 1347670 326054 220541 61028 740049

6746022 1037491 185020 948383 8916916 B.5g / B.5*g Balance of primary incomes, gross / gross national income

388395 182764 45073 781835 1398067 K.1 Consumption of fixed capital

6357627 854727 139948 166548 7518850 B.5n / B.5*n Balance of primary incomes, net / net national income

MEMO: ENTREPRENEURIAL INCOME ACCOUNT

B.2g Gross operating surplus 1674566 187970

941652 278151 D.41 Interest 150098 1127205

D.42 Distributed income of corporations : :

D.43 Reinvested earnings on direct foreign investment : :

: : D.44 Property income attributed to insurance policy holders : :

: : D.45 Rent : :

416933 1860056 B.4g Entrepreneurial income, gross

45073 781835 K.1 Consumption of fixed capital

371861 1078221 B.4n Entrepreneurial income, net

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2009
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

SECONDARY DISTRIBUTION OF INCOME ACCOUNT

B.5g / B.5*g Balance of primary incomes, gross / gross national income 8916916 948383 185020 1037491 6746022

860196 1032 26754 125043 1013026 8311 1021336 D.5 Current taxes on income, wealth, etc. 1021336 2770 1018566 1018566

1675891 1675891 3543 1679434 D.61 Social contributions 1679434 4154 1675280 69231 193692 1407530 4826

6385 1583513 129608 66702 1786209 3490 1789699 D.62 Social benefits other than social transfers in kind 1789699 10895 1778805 1778805

290792 198301 189094 104596 782783 32644 815427 D.7 Other current transfers 815427 139257 676170 45683 185461 73947 371079

131926 2844 3613 43523 181906 4936 186843 D.71 Net non-life insurance premiums 186843 5009 181834 181834 0

181834 181834 2194 184028 D.72 Non-life insurance claims 184028 5350 178678 34171 2593 1242 140672

158866 195457 3647 61073 419043 25513 444556 D.7N Other current transfers but non-life insurance premiums & claims 444556 128898 315658 11513 1034 72705 230407

6067468 1754687 218717 766956 8807828 B.6g Gross disposable income

388395 182764 45073 781835 1398067 K.1 Consumption of fixed capital

5679072 1571924 173644 -14879 7409761 B.6n Net disposable income

USE OF DISPOSABLE INCOME ACCOUNT

B.6g Gross disposable income 8807828 766956 218717 1754687 6067468

5194939 1984259 7179197 P.3 Final consumption expenditure

5194939 1199690 6394629 P.31 Individual consumption expenditure

784569 784569 P.32 Collective consumption expenditure

305 4 62241 3048 65598 5 65603 D.8 Adjustment for the change in net equity of households in pension funds reserves 65603 0 65603 65603

937826 -229575 156476 763908 1628635 B.8g Gross saving

388395 182764 45073 781835 1398067 K.1 Consumption of fixed capital

549431 -412338 111403 -17928 230568 B.8n Net saving

 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2009
(million euros, current prices)
Uses Resources
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Current accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

EXTERNAL ACCOUNT
1758621 P.6 Exports of goods and services

1292550 P.61 Exports of goods

466070 P.62 Exports of services

P.7 Imports of goods and services 1692915

P.71 Imports of goods 1256051

P.72 Imports of services 436864

-65706 B.11 External balance of goods & services

14007417 476876 14484293 D.1 to D.8 Primary incomes and current transfers 14484293 627682 13856611

85101 B.12 Current external balance

Capital transfers payable and changes in non-financial assets Saving and capital transfers receivable
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2) Sum over
sectors
Capital accounts Sum over
sectors
World (S.2) Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) Extra-EA (S.1+S.2) (S.1+S.2) Extra-EA (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

CHANGE IN NET WORTH DUE TO SAVING AND CAPITAL TRANSFERS ACCOUNT

B.8n / B.12 Net saving / current external balance 315669 85101 230568 -17928 111403 -412338 549431

39146 121832 15361 6921 183259 17561 200820 D.9 Capital transfers 200820 9372 191448 85674 14379 40369 51026

26640 6011 1319 33970 0 33970 D.91 Capital taxes 33970 0 33970 33970

12506 121832 9351 5601 149290 17561 166851 D.9N Investment grants and other capital tranfers 166851 9372 157478 85674 14379 6400 51026

561311 -493801 110421 60826 238757 76912 315669 B.10.1 Changes in net worth due to saving and capital transfers

ACQUISITION OF NON-FINANCIAL ASSETS ACCOUNT

B.10.1 Changes in net worth due to saving and capital transfers 315669 76912 238757 60826 110421 -493801 561311

563804 247935 45837 856159 1713736 1713736 P.5 Gross capital formation

558285 247397 45649 930812 1782142 1782142 P.51 Gross fixed capital formation

5520 538 189 -74653 -68406 -68406 P.5N Chqnges in inventories and acquisitions less disposals of valuables

P.52 Changes in inventories

P.53 Acquisitions less disposals of valuables

K.1 Consumption of fixed capital 1398067 1398067 781835 45073 182764 388395

-7951 4334 -431 4831 783 -783 0 K.2 Acquisitions less disposals of non-produced non-financial assets

393853 -563306 110087 -18328 -77695 77695 0 B.9 Net lending (+) / net borrowing (-)
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2009
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OPENING FINANCIAL BALANCE SHEET

BF.90 Net financial assets (+) / liabilities (-) 221761 1577353 -1355592 -8436931 695711 -4319357 10704980

17150690 3226198 50588460 15409230 86374570 14953430 101328000 AF Total financial assets/ total liabilities 101106240 13376080 87730160 23846160 49892750 7545555 6445702

221761 221761 221761 AF.1 Monetary gold and special drawing rights (SDRs)
6211190 660304 13327300 1740762 21939560 4214079 26153639 AF.2 Currency and deposits 26153633 2865343 23288290 27654 23016040 244604

1457978 359219 10757040 380578 12954810 3786495 16741305 AF.33 Debt securities, excluding financial derivatives 16741305 2914605 13826700 738249 7537079 5551371

134976 38219 1272938 154962 1601096 706549 2307645 AF.331 Original maturity up to 1 year 2307645 251379 2056266 285420 923328 847518

1323002 320999 9484097 225616 11353710 3079945 14433655 AF.332 Original maturity above 1 year 14433656 2663226 11770430 452829 6613751 4703853

78432 425496 16572450 2950934 20027310 1887272 21914582 AF.4 Loans 21914585 2998785 18915800 8387877 3405406 1316792 5805721

15959 87371 4124654 1210927 5438912 AF.41 Original maturity up to 1 year 4747313 2628386 1557090 188249 373589

62473 338124 12447790 1740007 14588400 AF.42 Original maturity above 1 year 14168480 5759491 1848317 1128543 5432132

3905423 1171834 8133539 6355280 19566080 4462139 24028219 AF.5 Shares and other equity 24028215 4125475 19902740 10774920 9117147 4384 6290

2595699 1043612 6103870 6016711 15759890 AF.51 Shares and other equity, excluding mutual fund shares 14781960 10774920 3996370 4384 6290

563869 255252 2159456 1071213 4049790 AF.511 Quoted shares 3580141 2920224 659917

2031830 788360 3944414 4945498 11710100 AF.512 + AF.513 Unquoted shares and other equity 11201820 7854696 3336453 4384 6290

1309724 128222 2029669 338568 3806183 AF.52 Mutual fund shares 5120777 5120777

5068161 3078 196073 139713 5407026 169743 5576769 AF.6 Insurance technical reserves 5576769 5576769 330556 5211879 498 33835

4731917 4731917 105656 4837573 AF.61 Net equity of households in life insurance reserves and in pension fund 4837573 4837573 330556 4472684 498 33835

336244 3078 196073 139713 675109 64087 739196 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 739196 739196 739196

429502 606268 1380301 3841963 6258034 433702 6691735 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 6691735 471868 6219867 3586906 1605199 427905 599856
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2009
(million euros, current prices)
FINANCIAL TRANSACTIONS ACCOUNT
B.9 Net lending (+) / net borrowing (-) (from capital accounts) 0 77695 -77695 -18328 110087 -563306 393853

B.9 - B.9F Statistical discrepancy 0 0 0 -4985 121 -1082 5946

B.9F Net lending (+) / net borrowing (+) from financial accounts 0 77695 -77695 -13344 109966 -562225 387907

548553 110108 225694 274887 1159242 -93869 1065373 F Total changes in financial assets/ liabilities 1065373 -171564 1236937 288231 115728 672332 160646

-1556 -1556 1556 0 F.1 Monetary gold and special drawing rights (SDRs)
212046 -11251 -1103781 110350 -792635 -563608 -1356242 F.2 Currency and deposits -1356242 -390172 -966071 1409 -958883 -8597

-78331 28807 825235 -34727 740984 253389 994373 F.33 Debt securities, excluding financial derivatives 994373 30977 963396 81849 292587 588961

-75616 -2808 29448 -12201 -61176 89587 28411 F.331 Original maturity up to 1 year 28411 36954 -8543 8286 -160400 143571

-2716 31614 795787 -22526 802160 163802 965962 F.332 Original maturity above 1 year 965962 -5976 971939 73563 452986 445389

-4496 27380 66867 131704 221454 -85609 135845 F.4 Loans 135845 -6686 142530 41966 -73598 63415 110748

870 500 -199365 149370 -48624 F.41 Original maturity up to 1 year -99012 -82117 -4164 -2205 -10526

-5367 26879 266232 -17666 270078 F.42 Original maturity above 1 year 241543 124083 -69434 65620 121273

120412 37101 501911 137315 796740 302074 1098813 F.5 Shares and other equity 1098813 262604 836209 188908 644946 2255 100

95195 27649 287700 153782 564327 F.51 Shares and other equity, excluding mutual fund shares 474828 188908 283565 2255 100

39482 13988 63019 73775 190263 F.511 Quoted shares 124367 67204 57162

55713 13662 224681 80008 374064 F.512 + F.513 Unquoted shares and other equity 350461 121704 226403 2255 100

25218 9452 214211 -16468 232413 F.52 Mutual fund shares 361381 361381

250911 105 8028 4782 263825 15636 279461 F.6 Insurance technical reserves 279461 279461 2876 276242 41 302

240964 240964 25136 266100 F.61 Net equity of households in life insurance reserves and in pension fund 266100 266100 2876 262881 41 302

9947 105 8028 4782 22861 -9500 13361 F.62 Prepayments of insurance premiums and reserves for outstanding claims 13361 13361 13361

48011 27966 -71011 -74536 -69569 -17307 -86877 F.7 + F.34 Other accounts (receivable/payable) and financial derivatives -86877 -68288 -18589 -28776 -65567 26257 49497
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2009
(million euros, current prices)
(Changes in ) Financial assets (Changes in ) Liabilities and net financial assets
Rest of the Rest of the
Households
including
NPISH
General
government
Financial
corporations
Non-financial
corporations
Total
economy
World (S.2)

Extra-EA
Sum over
sectors
Financial accounts Sum over
sectors
World (S.2)

Extra-EA
Total
economy
Non-financial
corporations
Financial
corporations
General
government
Households
including
NPISH
(S.13) (S.12) (S.11) (S.1) (S.1+S.2) (S.1+S.2) (S.1) (S.11) (S.12) (S.13)
(S.14+S.15) (S.14+S.15)

OTHER CHANGES IN FINANCIAL ASSETS AND LIABILITIES ACCOUNT

B.10.2+B.10.3 Other changes in net worth 96702 -79464 176166 -378903 22335 55370 477363

472966 72903 1205622 813430 2564921 505953 3070874 AF Total changes in financial assets/ liabilities 2974172 585417 2388755 1192332 1183287 17533 -4397

96702 96702 96702 AF.1 Monetary gold and special drawing rights (SDRs)
11450 1717 2236 -10137 5266 -18749 -13483 AF.2 Currency and deposits -13483 3816 -17298 1 -17296 -4

28456 -2679 213907 4882 244566 -34365 210202 AF.33 Debt securities, excluding financial derivatives 210202 75738 134464 -4015 104271 34207

-10362 482 -15306 8407 -16778 16782 4 AF.331 Original maturity up to 1 year 4 -23847 23851 9354 2098 12399

38819 -3161 229213 -3525 261345 -51147 210198 AF.332 Original maturity above 1 year 210198 99585 110613 -13369 102174 21808

49 803 -46877 -10819 -56845 31041 -25804 AF.4 Loans -25804 26184 -51988 -46936 7450 -2174 -10329

-7 1662 -39602 -28105 -66052 AF.41 Original maturity up to 1 year -43384 -24540 -15049 -43 -3752

56 -860 -7275 17286 9207 AF.42 Original maturity above 1 year -8604 -22396 22499 -2131 -6576

250505 75977 912329 836352 2075162 520774 2595936 AF.5 Shares and other equity 2595937 472925 2123012 1289577 833562 -408 281

169985 66190 713876 775849 1725900 AF.51 Shares and other equity, excluding mutual fund shares 1609309 1289577 319860 -408 281

148164 15560 444552 180027 788302 AF.511 Quoted shares 728157 521058 207099

21821 50630 269324 595823 937598 AF.512 + AF.513 Unquoted shares and other equity 881152 768519 112760 -408 281

80520 9787 198453 60502 349262 AF.52 Mutual fund shares 513703 513703

179424 0 -1378 -467 177579 -3790 173789 AF.6 Insurance technical reserves 173789 173789 -1 173791 -1 0

179570 179570 -3290 176279 AF.61 Net equity of households in life insurance reserves and in pension fund 176279 176279 -1 176281 -1 0

-146 0 -1378 -467 -1991 -499 -2490 AF.62 Prepayments of insurance premiums and reserves for outstanding claims -2490 -2490 -2490

3082 -2914 28703 -6381 22490 11041 33531 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 33531 6755 26776 -46294 81507 -14088 5651
 ANNUAL ACCOUNTS BY INSTITUTIONAL SECTOR
Euro area
2009
(million euros, current prices)
CLOSING FINANCIAL BALANCE SHEET
BF.90 Net financial assets (+) / liabilities (-) 316907 1574028 -1257121 -8829178 828012 -4826211 11570260

18172210 3409209 52019770 16497550 90098730 15363960 105462690 AF Total financial assets/ total liabilities 105145790 13789930 91355860 25326720 51191760 8235419 6601950

316907 316907 316907 AF.1 Monetary gold and special drawing rights (SDRs)
6434686 650770 12225760 1840976 21152190 3631722 24783912 AF.2 Currency and deposits 24783907 2478987 22304920 29064 22039860 236004

1408103 385347 11796180 350733 13940360 4005519 17945879 AF.33 Debt securities, excluding financial derivatives 17945880 3021320 14924560 816083 7933937 6174539

48998 35894 1287080 151168 1523141 812919 2336060 AF.331 Original maturity up to 1 year 2336060 264486 2071574 303059 765026 1003489

1359105 349453 10509100 199565 12417220 3192600 15609820 AF.332 Original maturity above 1 year 15609814 2756834 12852980 513024 7168911 5171050

73984 453678 16592440 3071819 20191920 1832704 22024624 AF.4 Loans 22024623 3018283 19006340 8382907 3339259 1378033 5906139

16822 89534 3885687 1332191 5324235 AF.41 Original maturity up to 1 year 4604917 2521729 1537877 186001 359310

57162 364144 12706750 1739627 14867680 AF.42 Original maturity above 1 year 14401420 5861177 1801382 1192033 5546829

4276341 1284912 9547779 7328946 22437980 5284987 27722967 AF.5 Shares and other equity 27722964 4861004 22861960 12253400 10595660 6231 6670

2860879 1137451 7105446 6946343 18050120 AF.51 Shares and other equity, excluding mutual fund shares 16866100 12253400 4599795 6231 6670

751514 284799 2667027 1325014 5028355 AF.511 Quoted shares 4432665 3508486 924179

2109365 852652 4438419 5621329 13021760 AF.512 + AF.513 Unquoted shares and other equity 12433440 8744918 3675616 6231 6670

1415462 147461 2442333 382603 4387858 AF.52 Mutual fund shares 5995861 5995861

5498496 3183 202723 144028 5848430 181589 6030019 AF.6 Insurance technical reserves 6030019 6030019 333431 5661913 538 34137

5152451 5152451 127501 5279952 AF.61 Net equity of households in life insurance reserves and in pension fund 5279952 5279952 333431 4911846 538 34137

346045 3183 202723 144028 695979 54087 750067 AF.62 Prepayments of insurance premiums and reserves for outstanding claims 750067 750067 750067

480595 631320 1337993 3761045 6210954 427435 6638389 AF.7 + AF.34 Other accounts (receivable/payable) and financial derivatives 6638389 410336 6228054 3511836 1621140 440074 655003