OECD Financial Dashboard

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)


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


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




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



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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


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


Thank you very much for your attention and cooperation

OECD Financial Dashboard

Documents

Transcript of OECD Financial Dashboard