Monthly Bulletin April 2008 - European Central Bank - Europa

3 EURO
AREA ACCOUNTS
3.1 Integrated economic and financial accounts by institutional sector
(EUR billions)
Uses Euro Households Non-financial Financial General Rest of
area corporations corporations government the world
2007 Q3
External account
Exports of goods and services 496.8
Trade balance 1) -24.7
Generation of income account
Gross value added (basic prices)
Taxes less subsidies on products
Gross domestic product (market prices)
Compensation of employees 1,015.7 106.6 646.7 50.7 211.7
Other taxes less subsidies on production 27.0 6.4 13.9 3.4 3.3
Consumption of fixed capital 318.6 86.9 179.2 11.2 41.4
Net operating surplus and mixed income 1) 609.5 292.0 289.4 28.6 -0.6
Allocation of primary income account
Net operating surplus and mixed income
Compensation of employees 4.1
Taxes less subsidies on production
Property income 776.9 50.9 284.2 378.1 63.7 127.8
Interest 471.5 48.5 78.2 281.2 63.6 80.3
Other property income 305.3 2.4 206.1 96.9 0.0 47.5
Net national income 1) 1,880.9 1,499.6 117.6 55.2 208.5
Secondary distribution of income account
Net national income
Current taxes on income, wealth, etc. 265.7 199.0 55.5 10.9 0.3 2.0
Social contributions 386.5 386.5 1.0
Social benefits other than social transfers in kind 390.7 1.3 15.3 23.4 350.6 0.7
Other current transfers 176.8 68.4 22.8 45.0 40.7 7.8
Net non-life insurance premiums 43.0 32.7 8.8 0.9 0.7 1.0
Non-life insurance claims 42.9 42.9 0.7
Other 90.9 35.7 14.0 1.2 40.0 6.0
Net disposable income 1) 1,858.1 1,318.4 50.7 58.4 430.6
Use of income account
Net disposable income
Final consumption expenditure 1,686.3 1,262.8 423.5
Individual consumption expenditure 1,520.7 1,262.8 257.9
Collective consumption expenditure 165.6 165.6
Adjustment for the change in net equity of households in pension fund reserves 16.3 0.0 2.1 14.3 0.0 0.1
Net saving/current external account 1) 171.8 71.9 48.6 44.1 7.1 -0.9
Capital account
Net saving / current external account
Gross capital formation 489.6 162.1 260.6 11.1 55.7
Gross fixed capital formation 478.4 159.9 252.1 10.8 55.6
Changes in inventories and acquisitions less disposals of valuables 11.1 2.2 8.6 0.3 0.2
Consumption of fixed capital
Acquisitions less disposals of non-produced non-financial assets 0.5 0.1 0.4 0.1 0.0 -0.5
Capital transfers 33.2 8.9 1.5 1.9 20.8 4.6
Capital taxes 5.9 5.6 0.3 0.0 0.0
Other capital transfers 27.3 3.3 1.3 1.9 20.8 4.6
Net lending (+)/net borrowing (-) (from capital account) 1) 2.6 -3.4 -19.4 43.1 -17.6 -2.6
Statistical discrepancy 0.0 10.2 -10.2 0.0 0.0 0.0
Sources: ECB and Eurostat.
1) For the calculation of the balancing items, see the Technical notes.
S 26 ECB
Monthly Bulletin
April 2008