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Integrated Presentation and Analysis of Sector Accounts in Austria OECD Working Party on Financial Statistics Paris, 29.11.-1.12.2010
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Integrated Presentation and Analysis of Sector Accounts in Austria OECD Working Party on Financial Statistics Paris, 29.11.-1.12.2010 Based on a joint-work of Karl Schwarz, Katarina Stjepanovic, Jürgen Weißenbacher (Statistics Austria) and Michael Andreasch, Nicole Schnabl, Gerald Wimmer (Oesterreichische Nationalbank) Presented by Michael Andreasch (michael.andreasch@oenb.at)
Outline • Shared Responsibility and Close Cooperationbetween Statistics Austria and OeNB • Analytical Work on Sector Accounts • First Publication in 2010
Work has been elaborated against the background … • “Beyond GDP” takes also into consideration sector analysis (e.g. Households, Government) • Work done by Eurostat and ECB for EU / Euro Area • Main focus:- Income and saving / financial investment (by HH)- Internal and external financing (of NFC)- Financing channels (who-to-whom) • Based on the integration of “separated accounts” within the sequence of accounts and traditional analysis • Taking into account the vertical reconciliation (net lending/net borrowing) and horizontal reconciliation between sectors.
Responsibility NSI- Quarterly / annual non-financial (sector) accounts - Excessive Deficit Procedure- Compilation of data on goods and most items of services and current transfers for BOP statistics Central bank- Quarterly / annual financial accounts- Compilation of parts of data on property income of all sectors for non-financial accounts - Quarterly / annual external statistics (BOP, IIP, FDI)
Road Map To Reconcile Non-financial and FinancialAccounts By Sector In Austria Horizontal reconciliation: between sectors Vertical reconciliation: for each economic sector
“Who-to-whom Analysis” of Financial Stocks In Austria MFI=Monetary institutes, ICPF = Insurance Corp, pension funds, OFI = other fin. Institutions, GOV = Government, NFC = Nonfinancial corporations, HH = Households including NPISH, ROW = Rest of the World (Nonresidents). Source: Financial accounts in Austria, visualized using Pajek softwareThe size of the nodes reflects the level of intra-sectoral exposures, the thickness of the linesindicates the gross exposures between the sectors.
Integrated Presentation of Sector Accounts in Austria • First publication in June 2010 for the reference period 2005-2009 • Content:- Integrated presentation of the full sequence of accounts and financial balance sheets for all sectors including ROW- Key indicators for households, nonfinancial corporations, and government (similar to existing indicators of Eurostat and ECB) • Available on web-sites of Statistics Austria/OeNB:http://www.statistik.at/web_en/statistics/national_accounts/non_financial_sector_accounts/annual_data/index.html http://www.oenb.at/en/img/shst_2009_juni_sector_accounts_tcm16-198540.pdf