Non-financial sector accounts

The System of National Accounts consists of a coherent, consistent and integrated set of macroeconomic accounts in which key macro-economic variables are shown as balances or transactions (e.g. gross domestic product, net national income, household’s disposable income, government’s net lending/net borrowing, consumption expenditure, capital formation).

Sector accounts are a central part of the System of National Accounts. They provide, by institutional sector, a systematic description of the different stages of the economic process:

• production,
• generation of income,
• distribution of income,
• redistribution of income,
• use of income and
• financial and non-financial accumulation.

These accounts can be drawn up either for the national economy as a whole or for parts of the economy delimited according to institutional criteria (i.e. institutional sectors). A modified form of the sequence of accounts describes the “rest-of-the-world” sector (S.2).

The national economy consists of five institutional sectors:

• "Non-financial corporations" (S.11; corporations, partnerships, public quasi-corporations, non-profit institutions that are market producers, etc.)
• "Financial corporations" (S.12; banks, insurance companies, etc.)
• "General government" (S.13; central government, state government, local government, social security funds)
• "Households" (S.14; including sole proprietorships, self-employed persons, etc.)
• "Non-profit institutions serving households" (S.15; political parties, churches, trade unions, associations, etc.)

Financial accumulation is dealt with by the financial accounts, which are compiled and published by the Austrian National Bank.