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OECD Financial Dashboard

OECD Financial Dashboard. Working Party on Financial Statistics 24-25 October 2011. Background. The need for monitoring the financial activity and position of the various institutional sectors of OECD economies By using timely, frequent and comparable financial statistics

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OECD Financial Dashboard

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  1. OECD Financial Dashboard Working Party on Financial Statistics 24-25 October 2011 By Isabelle Ynesta STD Directorate, NAD Division, QNA&FS Section

  2. Background The need for monitoring the financial activity and position of the various institutional sectors of OECD economies By using timely, frequent and comparable financial statistics 2010 WPFS meeting: the Secretariat proposed a limited set of macro-financial indicators for selected OECD countries 2011 WPFS meeting: presentation of the OECD Financial Dashboard which includes a more complete set of financial indicators for all OECD countries STD / NAD / QNA&FS

  3. Structure of the financial dashboard • Table of contents indicating all financial indicators presented in the dashboard • Reader’s guide providing general methodological information • Two main parts including • Indicators derived from OECD countries’ financial accounts (transactions) • Indicators constructed from OECD countries’ financial balance sheets • A third part showing • A limited number of financial indicators based on national data of Enhanced Engagement countries – EE5 (Brazil, China, India, Indonesia and South Africa) STD / NAD / QNA&FS

  4. Reader’s Guide • All indicators presented in the dashboard are based on SNA definitions (GDP, GDI…) • Definition of debt in compliance with • The 2008 SNA definition • The IMF Public Sector Debt Statistics – Guide for compilers and users (AF2+AF33+AF4+AF6+AF7); market value; gross debt • Time coverage • 1997 to 2010 whenever data are available • Sector coverage • All institutional sectors of the economy, including the total economy (S1) STD / NAD / QNA&FS

  5. Structure of the financial dashboard For each indicator, a two-page presentation is proposed: On the first page: • a detailed definition of the indicator • a brief explanation of what the indicator measures • the formula of the ratio with the SNA-related codes • the sources On the second page: • a table including the value of the indicator for all OECD countries over the last fourteen years • a graph presenting a selection of OECD countries and years STD / NAD / QNA&FS

  6. Financial net worth of Households and NPISHsas a percentage of GDI Definition • The financial net worth is the balancing item of the financial balance sheet (financial assets minus liabilities).  • This indicator measures the financial wealth of Households and NPISHs. Formula • (Financial net worth / Gross disposable income)*100 • Numerator:Financial net worth (BF90) of Households and NPISHs (S14+S15), millions of national currency, at current prices • Denominator: Gross disposable income of Households and NPISHs (S14+S15), millions of national currency, at current prices Unit of measure • Percentage Sources • Annual National Accounts, Table 720 - Financial Balance Sheets, non-consolidated, except for Australia and Israel (Table 710 – Financial Balance Sheets, consolidated) • Annual National Accounts, Detailed non-financial accounts by sector, Secondary distribution of income account STD / NAD / QNA&FS

  7. Financial net worth of Households and NPISHsas a percentage of GDI STD / NAD / QNA&FS

  8. Financial net worth of Households and NPISHsas a percentage of GDI STD / NAD / QNA&FS

  9. Next step • Expand the coverage of the dashboard by including • Mixed indicators such as gross debt to operating surplus, return on equity, households total wealth as % of GDI… • Indicators derived from institutional investors’ assets dataset • Indicators constructed from households’ assets and liabilities dataset • Calculate financial indicators on a quarterly frequency • Disseminate annual and quarterly financial indicators online on OECD.Stat • Quarterly press release STD / NAD / QNA&FS

  10. Conclusions Delegates are invited to • Take note of the work carried out by the financial statistics unit in STD • Provide comments on the indicators presented in the dashboard • Express their views on future developments of the OECD Financial Dashboard STD / NAD / QNA&FS

  11. Thank you very much for your attention and cooperation

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