OECD Financial Dashboard
Working Party on Financial Statistics
24-25 October 2011
By Isabelle Ynesta
STD Directorate, NAD Division, QNA&FS Section
1
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
STD / NAD / QNA&FS
2
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 showing
 A 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 definition
 The IMF Public Sector Debt Statistics – Guide for compilers and
users
(AF2+AF33+AF4+AF6+AF7); market value; gross debt
 Time coverage
 1997 to 2010 whenever data are available
 Sector coverage
 All institutional sectors of the economy, including the total
economy (S1)
STD / NAD / QNA&FS
4
Structure of the financial dashboard
For each indicator, a two-page presentation is proposed:
On the first page:
 a detailed definition of the indicator
 a 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 years
 a graph presenting a selection of OECD countries and years
STD / NAD / QNA&FS
5
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
STD / NAD / QNA&FS
6
Financial net worth of Households and NPISHs
as a percentage of GDI
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
..
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
..
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
..
..
..
..
199.7
175.7
146.1
136.8
140.2
147.5
139.4
123.5
79.3
84.7
..
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
..
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
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
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
..
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
Czech Republic
Denmark
Greece
Hungary
Netherlands
New Zealand
Portugal
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
..
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
Sw eden
STD / NAD / QNA&FS
7
Financial net worth of Households and NPISHs
as a percentage of GDI
400
350
300
250
200
2005
150
2009
100
50
0
STD / NAD / QNA&FS
8
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
STD / NAD / QNA&FS
9
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
STD / NAD / QNA&FS
10
Thank you very much for your
attention and cooperation