Income accounts of the sector households, region; national accounts

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Description topics

Transactions in million euros

Amounts in million euros.

Primary distribution of income account

The allocation of primary income account describes the distribution of value added over all participants (i.e. the suppliers of the production factors labour and capital) in the production process. It is shown how wages and salaries of employees end up at those households to which they belong. This provides a statistical description on how the labour market (where individual employees are active) is related to different households groups. This information opens the door to further research on the dependence of the different household groups on demand and compensation of the different kinds of labour.

Resources

Resources are transactions which add to the economic value of sectors.

Mixed income (net)

Net mixed income is the operating surplus (excluding consumption of fixed capital) that remains after deducting from the value added at basic prices the compensation of employees and the balance of other taxes and subsidies on production. The operating surplus of family enterprises is called mixed income, because it also contains compensation for work by the owners and their family members. Operating surplus also consists, in the case of households, of the operating surplus from housing services produced for own consumption by owner-occupiers.

Total compensation of employees

Compensation of employees is the total remuneration paid by employers to their employees in return for work done. Employees are all residents and non-residents working in a paid job. Managing directors of limited companies are considered to be employees; therefore their salaries are also included in the compensation of employees. The same holds for people working in sheltered workshops.

Total property income

Interest + Dividends + Withdrawals from income of quasi-corporations + Reinvested earnings on foreign direct investments + Income from land and subsoil assets.

Uses

Uses are transactions appear which deduces the economic value of sectors.

Total property income

Interest + Withdrawals from income of quasi-corporations + Income from land and subsoil assets.

Primary income (net)

This is the balancing item of the allocation of the primary income account.

Secondary distribution of income account

The distribution of secondary income account shows the redistribution of income. The consequence of government policy on disposable income of household groups is shown here. The balancing item is disposable income by household group.

Resources

Resources are transactions which add to the economic value of sectors.

Primary income (net)

This is the balancing item of the allocation of the primary income account

Total social benefits

Social benefits are transfers to households, intended to relieve them from the financial burden of a number of risks or needs, such as sickness, invalidity, disability, old age, survivors and unemployment.
Social benefits are classified in social security benefits, social assistance benefits, private social benefits (o.w. pension benefits) and unfunded employee social benefits.

Total other current transfers

Total other current transfers (resources) consist of Imputed social contributions, Non-life insurance claims and Other current transfers n.e.c.
Imputed social contributions (self-employed)
Imputed social contributions represent the counterpart to the 'unfunded employee social benefits' (less any employees' social contributions) paid directly by employers (self-employed) to their (former) employees.
Non-life insurance claims
Non-life insurance claims represent the amounts which insurance enterprises are obliged to pay in settlement of injuries or damage as a result of fires, floods, crashes, collisions, sinkings, theft, violence, accidents, sickness, etc.
Other current transfers n.e.c.
This transaction includes all transactions not mentioned before, that are not capital transfer. This concerns particularly the current transfers within the general government.

Uses

Uses are transactions appear which deduces the economic value of sectors.

Total current taxes on income and wealth

Current taxes on income and wealth of corporations consist of corporation tax and dividend tax. These taxes are based on the profits of corporations.
Current taxes on income and wealth of households include all taxes, which are periodically imposed on income and wealth, such as the income tax, the wage tax and the tax on net wealth of individuals. Non-periodical levies, such as inheritance tax are defined as capital transfers. Several types of taxes are simultaneously seen as taxes on production and imports when imposed on producers and as taxes on income and wealth when imposed on consumers. For instance, motor vehicle tax is a tax on production when it is imposed on company cars and it is a tax on income and wealth and imports when it is imposed on cars for private use.
The treatment of dividend tax results from the recording of dividends. Because dividends are recorded gross, i.e. before deduction of dividend tax, dividend tax is in all cases recorded at the receiving sector. The same applies for the dividend tax to and from the rest of the world.

Total social contributions

Social contributions include social security contributions, private social contributions (o.w. contributions to pension schemes) and imputed social contributions. Employers, employees, self-employed persons and inactive persons pay these contributions.
Actually, the employers' part is paid directly to the insurers. However, in the national accounts, the employers' contributions are supposed to be part of primary income of households (i.e. the income from direct participation in the production process). Therefore, in first instance these contributions are treated as payments by employers to households as compensation of employees, who are deemed to pay them to the insurers in the income account.

Total other current transfers

Total other current transfers (uses) consist of Unfunded employee social benefits, Non-life insurance premiums and Other current transfers n.e.c.
Unfunded employee social benefits
These social benefits are directly paid by employers (self-employed) to their (former) employees, without involving any social security fund.
Non-life insurance premiums
Non-life insurance premiums comprise both the actual premiums payable by policyholders to obtain insurance cover during the accounting period, and the premium supplements payable out of the property income attributed to insurance policy holders, after deducting the compensation of insurance services. These premiums provide cover against damage as a result of fires, floods, crashes, collisions, sinkings, theft, violence, accidents, sickness, etc. As the compensation of insurance services of non-life insurance enterprises is calculated by subtracting the claims from the premiums (actual premiums and premium supplements), it follows that the total non-life insurance premiums must equal the total non-life insurance claims of the insurance enterprises.
Other current transfers n.e.c.
This transaction includes all transactions not mentioned before, that are not capital transfer. This concerns particularly the current transfers within the general government.

Disposable income (net)

Disposable income (excluding consumption of fixed capital) is the balancing item of the secondary distribution of income account. It shows for each sector its disposable income, which remains after the redistribution of primary income by compulsory or non-compulsory current transfers between the sectors.