National accounts by sector
How large is the financial saving in the sectors? How much do households save? What is the value of the financial net assets? The national accounts by sector shed light on the economic developments in the sectors ‘Non-financial corporations’, ‘Financial corporations’, ‘General government’, ‘Households’, and ‘Non-profit institutions serving households’.
Explainer on…
Gross disposable income in national accounts is the amount an institutional unit (e.g. a household or a company) has available for consumption and saving once taxes, social security contributions and other current transfers have been paid.
Household expenditure on goods and services for final consumption as well as final consumption expenditure of NPISH (non-profit institutions serving households, e.g. sports associations, trade unions and private schools).
Is often referred to as financial savings
A positive net lending / borrowing indicates that the disposable income has been sufficient to cover the period's consumption and investment activity. The profit increases the portfolio of securities, cash, bank deposits and can also reduce debt.
A negative net lending / borrowing, means that disposable income has not been sufficient to cover the period's consumption and investment activity. The deficit reduces the portfolio of securities, cash and bank deposits and increases debt.
The net lending/borrowing of the total economy, is the sum of the net lending / borrowing of the institutional sectors. It represents the financial savings that the total economy makes available to the rest of the world (if it is positive) or receives from abroad (if it is negative). The total net lending / borrowing, are equal to the foreign net lending / borrowing, but with the opposite sign.
The difference between total financial assets and total financial liabilities.
Selected statistics on National accounts by sector
Disposable income and private consumption
The key sources are:
- The balance of payments
- The quarterly/annual (product) national accounts
- Quarterly/annual government finance statistics
- Quarterly non-financial sector accounts for financial corporations
- Sector industry matrix (see section 2.4 for further details)
- Accounts statistics, VAT statistics, agricultural statistics and income statistics
- Quarterly/Annual figures for compensation of employees
- Non-profit institutions serving households (NPISH)
- Securities statistics, MFI statistics and finance company statistics
- Digital accounts in the digital format XBRL (eXtensible Business Reporting Language - XBRL is a programming language that transforms electronic communication from the business community to financial data)
- Household budget survey
- Activities of foundations
Net lending
The key sources are:
- The balance of payments
- The quarterly/annual (product) national accounts
- Quarterly/annual government finance statistics
- Quarterly non-financial sector accounts for financial corporations
- Sector industry matrix (see section 2.4 for further details)
- Accounts statistics, VAT statistics, agricultural statistics and income statistics
- Quarterly/Annual figures for compensation of employees
- Non-profit institutions serving households (NPISH)
- Securities statistics, MFI statistics and finance company statistics
- Digital accounts in the digital format XBRL (eXtensible Business Reporting Language - XBRL is a programming language that transforms electronic communication from the business community to financial data)
- Household budget survey
- Activities of foundations
Financial net assets
The data sources for financial accounts are prepared in a collaboration between Statistics Denmark and Danmarks Nationalbank, where each institution is responsible for preparing a number of sources. Overall, Statistics Denmark is responsible for preparing sources based on the companies' accounts, general government as well as information on households, while Danmarks Nationalbank contributes with a number of primary statistics that describe the various parts of the financial sector in detail.
The most important sources are:
- Insurance and pension statistics (prepared at Danmarks Nationalbank)
- Investment fund statistics (prepared at Danmarks Nationalbank)
- Statistics on monetary financial institutions (prepared at Danmarks Nationalbank)
- Securities statistics (prepared at Danmarks Nationalbank) · Balance of payments statistics (prepared at Danmarks Nationalbank)
- Accounting data block (prepared in Statistics Denmark)
- Enriched accounting data block (prepared at Danmarks Nationalbank)
- Information on cooperative housing (prepared in Statistics Denmark)
- Information on employee options (prepared in Statistics Denmark)
- Information from the wealth statistics (prepared in Statistics Denmark)
- Information on general government (prepared in Statistics Denmark)
- Information on the net lending / net borrowing calculated in the non-financial sector accounts (prepared in Statistics Denmark)
On the statistics – documentation, sources and method
See the documentation of statistics to learn more:
Financial accounts are part of the national accounts system, which shows how the institutional sectors of the economy place / finance their net lending/net borrowing. Statistics Denmark published annual financial accounts for the first time in 2001, while the Danmarks Nationalbank (Danish Central Bank) published quarterly figures for the first time in 2004. From September 2020, the national and quarterly financial accounts of the national accounts is compiled in a collaboration between Danmarks Nationalbank and Statistics Denmark.
The purpose of the statistics is to provide a detailed picture of the economy’s total production apparatus and the part of national wealth that is held in fixed assets. Fixed assets are compiled in accordance with the guidelines in the European System of Accounts, ESA 2010, and are based on the national accounts series for investment. Fixed assets according to ESA 2010 were published for the first time in September 2014.
The statistics National Accounts by sectors, are part of the national accounts system and consist of coherent definitions and classifications that show how the income of the sectors is created, distributed and redistributed. They provide both a description of the economy in general and of the transactions between persons, enterprises and institutions. The national accounts also include transactions between Denmark and the rest of the world. This set of statistics was first published in 1982. Coherent annual time series are available back to 1995, while quarterly figures are available from the first quarter of 1999 onwards.