OECD
HOUSEHOLDS’ ASSETS & LIABILITIES
Table 7HAL
Progress report on data collection and future perspectives
Working Party on Financial Statistics
Paris, 29 November – 1 December 2010
Federico GIOVANNELLI
Quarterly National Accounts and Financial Statistics
OECD Statistics Directorate
OBJECTIVES OF THE
PRESENTATION
 Main results of the 2010 data collection on
Households’ Assets and Liabilities (T7HAL).
 Quarterly data: main results of the survey
on data availability and future perspectives.
BACKGROUND
 2005: first data collection on households’ financial and
non-financial assets (Table 7HA).
 2008: extension of the OECD households’ assets
database by adding liabilities on short- and long-term
loans (AF41 and AF42). The former questionnaire Table
7HA becomes the Table 7HAL.
 2009: results of the first data collection on households’
liabilities: OECD countries encountered difficulties to
report detailed data on ‘consumer credit’.
 2010: reorganisation of the households’ loans
classification and additional requirements on nonfinancial assets.
NEW ASSET STRUCTURE OF T7HAL
 On the financial side:
 Creation of a new instrument called AF6124 (other
pension plans and unfunded pension plans) which
includes the former assets AF613 and AF614.
 On the non-financial side:
 New items required: new breakdown.
NEW LIABILITY STRUCTURE OF T7HAL
 ‘Consumer credit’ now appears on both
short- and long-term side.
 Financial instruments at 6 digit level
are eliminated.
 Financial instruments at 5 digit level
are optional.
MAIN RESULTS OF THE 2010
DATA COLLECTION
 The database contains data for 31 countries (two new
countries: ISR and SVN).
 Missing countries are Chile and Iceland.
 28 countries report 2009 data.
 Most countries provide data back to 1995 as requested,
except IRL, ISR, KOR, MEX, POL, SVN and CHE.
 14 countries cover data for the sector S14 (Households)
as requested, and 18 for the aggregated sector S14_S15
(Households and NPISH).
ASSET COVERAGE – COMPARED
WITH THE 2009 COLLECTION
 On the financial side: the overall coverage
increases, passing from 44% (in 2009) to 48%
(in 2010) of the total requested series.
 Some countries improve their data coverage, e.g.
MEX (from 28% to 50%).
 While others reduce it, e.g. POL (from 60% to 13%).
 On the non-financial side: the overall coverage
increases, mainly
enhancement.
due
to
the
breakdown
 Too many agencies do not report non-financial data,
because they do not compile them, even if data exist
in another agency!
LIABILITY COVERAGE – COMPARED
WITH THE 2009 COLLECTION
 The number of provided series:
 increases from 61 (in 2009) to 75 (in 2010) for the 3
digit level series.
 increases from 22 (in 2009) to 29 (in 2010) for the 4
digit level series.
 Regarding ‘consumer credit’:
 the new classification:
• has considerably improved the data transmission for
three countries (i.e. CAN, HUN and NLD).
• the rest of the OECD countries have recorded no
significant variation.
 Regarding ‘house purchase loans’:
 The number of series remains the same as last year.
SOME INFO & FIGURES
 The most complete questionnaires received in 2010
are from:
 the same countries as last year (i.e. HUN, USA, ITA,
FRA, ESP).
 plus some new outsiders, e.g. NLD providing 43 time
series out of the 54 requested.
 The entire database is published on-line on the OECD
data warehouse called “OECD.Stat”.
 Neither paper publication nor CD-ROMs are released
for the time being.
QUARTERLY DATA SURVEY:
MAIN RESULTS
 A survey on quarterly data availability has been sent
this year to better know the current and future
quarterly coverage of assets and liabilities of
households.
 30 countries out of 35 (including
countries) filled out the survey.
accession
 Some countries report a limited coverage, while
others register a wider availability of quarterly data.
However, the general assessment is positive on both
the asset and liability side.
 Quarterly non-financial assets are generally reported
as N.A. because the respondent institution is not the
responsible for non-financial data => To be further
explored.
QUARTERLY DATA SURVEY:
FUTURE PERSPECTIVES
 Following the positive results of the survey, the
Secretariat is planning to collect quarterly data
on Households assets and liabilities (T7HAL)
next year (2011).
 Depending on the success of the collection,
households financial indicators could be
produced on a quarterly basis to complement the
financial indicators based on Financial Accounts.
CONCLUSIONS
 The OECD Secretariat thanks the delegates and
all financial experts for their co-operation and
contributions to the 7HAL database during the
past year.
 The overall data collection has improved
compared to last year, however efforts need to
be done to report non-financial assets.
 The OECD Secretariat is looking forward to
receiving quarterly data on T7HAL next year.
THANK YOU
FOR YOUR
ATTENTION