National Accounts by Institutional Sectors, NA-IS. Methodology and Results 2005 - 2011 q1

Abstract

This document presents the methodology and results of project “National Accounts by Institutional Sectors” (NA-IS) at quarterly frequency, launched in 2008 and developed within the framework of the Systems of National Accounts and as part of an action plan for closing statistics gaps proposed by international financial institutions —including the IMF, OECD and BIS— after the recent international financial crisis. The NA-IS show a complete activity cycle of an institutional sector, moving from production to the generation and use of income for consumption or savings, capital transactions and, finally, acquisitions of financial assets and liabilities in detail financial instruments and counterpart sector. The NA-IS offer also financial statementswhich include stocks of financial assets and liabilities, revaluations and other changes in assets accounts that reconcile the operations with changes in the balance sheets. These results are valuable in the macroeconomic analysis of the various institutional sectors, from both a real and a financial perspective.