Regional accounts; income accounts of households 1995-2009

Table explanation

Description topics

Transactions in mln euro

Amounts in million euro.

Primary distribution of income account

The allocation of primary income account describes the distribution of
value added over all participants (i.e. the suppliers of the production
factors labour and capital) in the production process. It is shown how
wages and salaries of employees end up at those households to which they
belong. This provides a statistical description on how the labour market
(where individual employees are active) is related to different households
groups. This information opens the door to further research on the
dependence of the different household groups on demand and compensation of
the different kinds of labour.

Resources

Transactions received.

Mixed income (net)

Net mixed income is the operating surplus (excluding consumption of fixed
capital) that remains after deducting from the value added at basic prices
the compensation of employees and the balance of other taxes and subsidies
on production. The operating surplus of family enterprises is called mixed
income, because it also contains compensation for work by the owners and
their family members. Operating surplus also consists, in the case of
households, of the operating surplus from housing services produced for
own consumption by owner-occupiers.

Total compensation of employees

Compensation of employees is the total remuneration paid by employers
to their employees in return for work done. Employees are all residents
and non-residents working in a paid job. Managing directors of limited
companies are considered to be employees; therefore their salaries are
also included in the compensation of employees. The same holds for
people working in sheltered workshops.

Total property income

Interest + Dividends + Withdrawals from income of quasi-corporations +
Reinvested earnings on foreign direct investments +
Income from land and subsoil assets.

Uses

Transactions paid.

Total property income

Interest + Withdrawals from income of quasi-corporations +
Income from land and subsoil assets.

Primary income (net)

This is the balancing item of the allocation of the primary income account

Secondary distribution of income account

The distribution of secondary income account shows the redistribution of
income. The consequence of government policy on disposable income of
household groups is shown here. The balancing item is disposable income by
household group.

Resources

Transactions received.

Primary income (net)

This is the balancing item of the allocation of the primary income account

Total social benefits

Social benefits are transfers to households, intended to relieve them
from the financial burden of a number of risks or needs, such as
sickness, invalidity, disability, old age, survivors and unemployment.
Social benefits are classified in social security benefits, social
assistance benefits, private social benefits (o.w. pension benefits)
and unfunded employee social benefits.

Total other current transfers

Total other current transfers (resources) consist of Imputed social
contributions, Non-life insurance claims and Other current transfers
n.e.c.
Imputed social contributions (self-employed).
Imputed social contributions represent the counterpart to the 'unfunded
employee social benefits' (less any employees' social contributions)
paid directly by employers (self-employed) to their (former) employees.
Non-life insurance claims.
Non-life insurance claims represent the amounts which insurance
enterprises are obliged to pay in settlement of injuries or damage as
a result of fires, floods, crashes, collisions, sinkings, theft, violence,
accidents, sickness, etc.
Other current transfers n.e.c.
This transaction includes all transactions not mentioned before, that are
not capital transfer. This concerns particularly the current transfers
within the general government.

Uses

Transactions paid.

Total current taxes on income and wealth

Current taxes on income and wealth of households include all taxes,
which are periodically imposed on income and wealth, such as the
income tax, the wage tax, and the tax on net wealth of individuals.
Non-periodical levies, such as inheritance tax are defined as capital
transfers.

Total social contributions

Social contributions include social security contributions, private social
contributions (o.w. contributions to pension schemes) and imputed social
contributions. Employers, employees, self-employed persons and inactive
persons pay these contributions.
Actually, the employers' part is paid directly to the insurers.
However, in the national accounts, the employers' contributions are
supposed to be part of primary income of households (i.e. the income
from direct participation in the production process). Therefore, in first
instance these contributions are treated as payments by employers to
households as compensation of employees, who are deemed to pay
them to the insurers in the income account.

Total other current transfers

Total other current transfers (uses) consist of
Unfunded employee social benefits, Non-life insurance premiums and
Other current transfers n.e.c.
Unfunded employee social benefits
These social benefits are directly paid by employers (self-employed)
to their (former) employees, without involving any social security fund.
Non-life insurance premiums
Non-life insurance premiums comprise both the actual premiums payable
by policyholders to obtain insurance cover during the accounting period,
and the premium supplements payable out of the property income
attributed to insurance policy holders, after deducting the compensation
of insurance services. These premiums provide cover against damage as
a result of fires, floods, crashes, collisions, sinkings, theft, violence,
accidents, sickness, etc.
As the compensation of insurance services of non-life insurance
enterprises is calculated by subtracting the claims from the premiums
(actual premiums and premium supplements), it follows that the total
non-life insurance premiums must equal the total non-life insurance
claims of the insurance enterprises.
Other current transfers n.e.c.
This transaction includes all transactions not mentioned before, that are
not capital transfer. This concerns particularly the current transfers
within the general government.

Disposable income (net)

Disposable income (excluding consumption of fixed capital) is the
balancing item of the secondary distribution of income account.
It shows for each sector its disposable income, which remains after
the redistribution of primary income by compulsory or non-compulsory
current transfers between the sectors.