Sector accounts; current transactions by sectors 1969- q4 2013

Table explanation

Description topics

Resources

Revenue of institutional sectors.

Output

Output covers the value of all goods produced for sale, including unsold goods, and all receipts of services rendered. Output furthermore covers the market equivalent of goods and services produced for own use, such as own account capital formation, services of owner-occupied dwellings and agricultural products produced by farmers for own consumption. The output of such goods is estimated by valuing the quantities produced against the price that the producer would have received if these goods had been sold.
Output is valued at basic prices, defined as the price received by the producer excluding trade and transport margins and the balance of taxes and subsidies on products. This is the price the producer is ultimately left with.

Total

Output covers the value of all goods produced for sale, including unsold goods, and all receipts of services rendered. Output furthermore covers the market equivalent of goods and services produced for own use, such as own account capital formation, services of owner-occupied dwellings and agricultural products produced by farmers for own consumption. The output of such goods is estimated by valuing the quantities produced against the price that the producer would have received if these goods had been sold.
Output is valued at basic prices, defined as the price received by the producer excluding trade and transport margins and the balance of taxes and subsidies on products. This is the price the producer is ultimately left with.

Output of imputed bank services

The concept of imputed bank services encompasses the remuneration for financial services which are not paid for directly. This remuneration is included in the actual interest paid or received. In the national accounts this indirect remuneration is specified as financial intermediation service charge indirectly measured.
The size of the imputed bank services is determined on the basis of a ‘reference rate’. This reference rate equals the rate of the interbank loans. The difference between the reference rate and the actual interest paid to depositors or the actual interest received from borrowers is the indirectly measured financial intermediation service charge. The actual interest paid and received is corrected for these imputed bank services.

Other market output

Market output excluding output of imputed bank services.
---
Market output consists of output that is disbursed of on the market or intended to be disbursed of on the market. Market output includes:
- products sold at economically significant prices;
- products bartered;
- products used for payments in kind, including compensation of employees in kind and mixed income in kind;
- products supplied by one local Kind-of-activity unit to another within the same institutional unit to be used as intermediate inputs or for final uses;
- products added to the inventories of finished goods and work-in-progress intended for one or other of the above uses (including natural growth of animal of vegetable products and uncompleted structures for which the buyer is unknown).

Own-account capital formation

Output of gross fixed capital formation by the same institutional unit.
---
Examples of products used for own gross fixed capital formation:
- special tools or machines;
- dwellings, or extensions of dwellings, which are produced by households.

Output for own final consumption

Output for final consumption by the same institutional unit.
---
Some examples of production for own consumption are:
- agricultural products retained by farmers;
- housing services produced by owner-occupiers;
- household services produced by employing paid staff.

Other non-market output

Other non-market output covers output that is provided free, or at prices that are not economically significant, to other units. Other non-market output consists of non-market output which is not included in the own-account capital formation and output for own final consumption.