Description Information is provided for the complete sequence of non-financial accounts (transactions and balancing items) by institutional sector. It consists of the following accounts:
- Production account,
- Primary distribution of income account,
- Secondary distribution of income account,
- Use of income account,
- Capital account,
- Change in net worth due to saving and capital transfers account,
- Acquisition of non-financial assets account.
The institutional sectors consists of groups of institutional units with similar characteristics and some of these sectors are subdivided into further subsectors.
Method Economic data by institutional sector and for the total economy are collected from:
- Government Finance Statistics Section of the Statistical Service for the General Government sector,
- National Accounts Division of the Statistical Service, for the macroeconomic figures that concern the whole economy,
- Central Bank of Cyprus for the Rest Of the World Sector (ROW), from Balance of Payments statistics,
- Cyprus Agricultural Payments Organization (CAPO).
Data Coverage The quarterly non-financial accounts by institutional sector cover all the institutional sectors based on the European System of Accounts 2010 (ESA 2010). However, for European Union Member States whose GDP accounts for less than 1% of the total GDP of all European Union Member States, the compilation of quarterly statistical data for the institutional sectors of non-financial corporations, financial corporations, households, and non-profit institutions is voluntary.
Frequency The statistical data for non-financial accounts by institutional sector are produced on a quarterly basis.
Data Availability The statistical data for non-financial accounts by institutional sector are available in electronic form on the Statistical Service website and on the Eurostat website. Statistical time series are available from 2010 until the last quarter that data is available.
Comparability Over Time The data are comparable over time.
Principal Variables The main variables are:
- Output,
- Intermediate consumption,
- Final consumption expenditure,
- Gross fixed capital formation,
- Exports of goods and services,
- Imports of goods and services,
- Compensation of employees,
- Taxes on production and imports,
- Subsidies,
- Property income,
- Current taxes on income and wealth,
- Social contributions and benefits,
- Current transfers,
- Capital transfers,
- Gross domestic product,
- Gross national income,
- Disposable income,
- Saving,
- Net lending (+) / Net borrowing (-).
Classification Systems The European System of Accounts 2010 (ESA 2010), defines the following institutional sectors:
- S1: Total Economy
- S11: Non-financial corporations
- S12: Financial corporations
- S13: General Government
- S14: Households
- S15: Non-profit institutions serving households
- S2: Rest of the world
Legal Framework Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union.