The non-financial Annual Sector Accounts (ASA) are compiled in accordance with the European System of Accounts (ESA 2010) and are transmitted by the EU Member States, EEA Members (Norway, Iceland) and Switzerland following ESA2010 transmission programme (Table 8) established by the 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, annexes A and B respectively).
The ASA encompass non-financial accounts that provide a description of the different stages of the economic process: production, generation of income, distribution of income, redistribution of income, use of income and non-financial accumulation. The ASA record the economic flows of institutional sectors in order to illustrate their economic behaviour and interactions between them. They also provide a list of balancing items that have high analytical value in their own right: value added, operating surplus and mixed income, balance of primary incomes, disposable income, saving, net lending / net borrowing. All of them but net lending / net borrowing, can be expressed in gross or net terms, i.e. with and without consumption of fixed capital that accounts for the use and obsolescence of fixed assets.
In terms of institutional sectors, a broad distinction is made between the domestic economy (ESA 2010 classification code S.1) and the rest of the world (S.2). Within S.1 and S.2, in turn, more detailed subsectors are distinguished as explained in more detail in section "3.2 Classification system".
Data are presented in the table "Non-financial transactions" (nasa_10_nf_tr).
The table contains data, as far as they are available, expressed in national currency and millions of euro in current prices.
In line with ESA2010 Transmission programme requirements data series start from 1995 (unless subject to voluntary transmission option and/or country specific derogations). Countries may transmit longer series on voluntary basis.
Available level of detail by sectors and transactions may also vary by country due to voluntary transmission of some items (as defined in ESA2010 transmission programme) and country specific derogations.
ASA collected according ESA2010 Transmission programme include selected data on employment (in persons and hours worked) by institutional sectors. However, as transmission of these variables is voluntary (except for the sector of General government), data availability may vary significantly across countries.
A set of key indicators, deemed meaningful for economic analysis, is available in the table "Key indicators" (nasa_10_ki) for most of the members of the European Economic Area (EEA), of the Euro area and EU.
Key ratios are derived from non-financial transactions as follows:
With the following transaction codes:
In the above, all ratios are expressed in gross terms, i.e. before deduction of consumption of fixed capital.
The following key indicators combine non-financial with financial accounts:
With the following codes (the codes already described above have not been listed):
"rec" means resources, that is transactions that add to the economic value of a given sector.
"pay" means "uses", that is transactions that reduce the economic value of a given sector.
"liab" refers to the stock of liabilities incurred by a given sector and recorded in the financial balance sheets.
See also the sector accounts dedicated website for more information.