oecd financial dashboard working party on financial statistics 24-25 october 2011 1 by isabelle...
TRANSCRIPT
OECD Financial Dashboard
Working Party on Financial Statistics
24-25 October 2011
1By Isabelle Ynesta
STD Directorate, NAD Division, QNA&FS Section
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
2STD / NAD / QNA&FS
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 showingA 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 3
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 definitionThe IMF Public Sector Debt Statistics – Guide for compilers and
users
(AF2+AF33+AF4+AF6+AF7); market value; gross debt
Time coverage1997 to 2010 whenever data are available
Sector coverageAll institutional sectors of the economy, including the total
economy (S1)
STD / NAD / QNA&FS 4
Structure of the financial dashboard
For each indicator, a two-page presentation is proposed:
On the first page:a detailed definition of the indicatora 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 yearsa graph presenting a selection of OECD countries and years
STD / NAD / QNA&FS 5
Financial net worth of Households and NPISHs as 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 6
Financial net worth of Households and NPISHs as a percentage of GDI
STD / NAD / QNA&FS 7
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Australia 135.2 144.1 151.1 144.2 147.1 127.7 124.5 134.7 142.5 149.0 163.3 99.8 .. ..
Austria 150.8 154.6 156.4 156.3 155.9 155.1 160.5 163.1 166.2 176.8 178.3 165.0 180.5 ..
Belgium 358.2 384.2 433.2 425.6 402.3 341.9 340.0 355.1 365.8 360.4 340.2 289.2 316.1 ..
Canada 294.4 288.4 315.3 309.1 282.5 263.4 270.8 279.1 300.9 309.4 301.8 234.9 267.3 271.9
Chile .. .. .. .. .. .. .. .. 173.0 179.7 180.4 145.0 166.2 ..
Czech Republic 99.8 102.4 98.7 95.7 93.4 96.4 92.4 90.2 85.0 106.5 101.7 93.9 99.5 ..
Denmark 151.6 144.6 178.1 173.8 149.4 133.3 145.7 170.9 223.4 234.3 218.8 134.7 167.5 ..
Estonia 85.7 70.7 82.6 81.4 81.1 91.2 87.6 99.9 108.5 140.5 119.8 102.7 113.6 ..
Finland 87.2 105.5 139.8 140.6 126.8 112.2 117.0 114.7 126.7 129.1 116.8 82.5 100.3 107.4
France 170.3 175.0 199.8 194.2 177.7 172.8 178.8 183.7 189.1 198.2 201.2 174.5 189.3 ..
Germany 126.3 134.0 143.7 141.5 141.0 136.4 148.0 156.4 168.4 176.9 184.6 172.3 187.9 ..
Greece .. .. .. 199.7 175.7 146.1 136.8 140.2 147.5 139.4 123.5 79.3 84.7 ..
Hungary 92.6 98.5 105.3 107.6 106.7 103.2 97.7 96.8 102.1 108.1 110.1 98.1 110.9 ..
Iceland .. .. .. .. .. .. .. .. .. .. .. .. .. ..
Ireland .. .. .. .. .. 181.1 186.1 172.9 167.7 167.6 131.3 79.8 111.3 ..
Israel .. .. .. .. .. .. .. .. .. .. .. .. .. ..
Italy 247.0 279.1 296.7 300.9 282.1 270.0 265.0 271.6 280.2 276.4 266.2 247.5 260.3 ..
Japan 268.8 277.8 302.3 306.2 312.8 310.2 338.4 341.4 366.1 370.6 345.5 332.9 .. ..
Korea .. .. .. .. .. 127.9 131.0 131.7 146.4 149.7 162.4 138.2 165.3 176.8
Luxembourg .. .. .. .. .. .. .. .. .. 175.2 171.5 179.6 202.3 ..
Mexico .. .. .. .. .. .. 87.2 89.3 98.4 109.3 109.8 97.1 127.7 ..
Netherlands 374.1 387.5 424.6 406.6 335.8 288.6 301.4 315.7 343.7 347.5 344.0 260.8 312.3 ..
New Zealand .. .. .. .. .. .. .. .. .. .. .. .. .. ..
Norw ay 44.4 40.2 51.7 51.8 45.3 36.5 40.1 43.1 46.7 50.0 39.4 21.0 26.9 ..
Poland 48.3 58.9 60.6 58.9 53.8 55.3 53.4 83.3 91.8 96.7 99.8 65.8 72.1 ..
Portugal 241.4 238.6 229.4 212.1 192.9 179.3 177.3 174.8 175.7 178.8 178.3 165.9 168.2 166.3
Slovak Republic 83.1 80.4 77.6 70.7 68.0 61.2 55.8 55.0 48.7 27.0 22.8 18.6 18.5 ..
Slovenia .. .. .. .. 91.2 100.7 107.8 116.2 114.4 121.0 127.7 110.7 121.4 ..
Spain .. .. .. 167.7 161.5 143.3 150.4 142.7 151.5 161.1 147.4 105.1 113.4 ..
Sw eden 170.6 186.7 232.3 212.4 188.5 149.3 168.5 185.7 218.6 226.3 205.7 157.3 197.3 216.7
Sw itzerland .. .. 416.8 411.4 369.8 336.7 363.3 366.7 395.5 412.6 403.9 327.4 .. ..
Turkey .. .. .. .. .. .. .. .. .. .. .. .. .. ..
United Kingdom 333.8 344.6 391.9 362.6 308.3 247.8 253.0 255.3 288.2 293.0 289.5 231.5 273.2 ..
United States 342.9 364.6 404.3 352.7 314.6 265.3 300.1 313.0 327.5 346.2 344.8 242.7 279.1 300.9
Financial net worth of Households and NPISHs as a percentage of GDI
STD / NAD / QNA&FS 8
0
50
100
150
200
250
300
350
400
2005
2009
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 9
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 10
Thank you very much for your attention and cooperation