Current account
1
Gross value added
782,510
775,727
765,200
2
Less: Consumption of fixed capital
288,322
286,037
279,891
3
Equals: Net value added
494,188
489,690
485,309
4
Compensation of employees (paid)
501,747
499,079
492,820
5
Operating surplus, net
-7,559
-9,389
-7,511
6
Net national income/Balance of primary incomes, net
-356,062
-353,585
-321,152
7
Operating surplus, net
-7,559
-9,389
-7,511
8
Taxes on production and imports, receivable
167,582
180,659
149,482
9
Subsidies (paid)
-73,870
-84,721
-59,983
10
Property income received, net
-442,215
-440,134
-403,140
11
Net national income/Balance of primary incomes, net
-356,062
-353,585
-321,152
12
Plus: Current taxes on income, wealth, etc. (received)
1,851,018
1,828,059
1,759,304
13
Plus: Social benefits (received)
1,377,314
1,357,267
1,327,544
14
Less: Social contributions (paid)
2,342,228
2,242,286
2,172,183
15
Plus: Other current transfers (received)
70,602
68,987
77,141
16
Less: Other current transfers (paid)
639,390
631,815
627,869
17
Equals: Disposable income, net
-38,746
26,627
42,785
18
Less: Final consumption expenditures
1,056,448
1,046,151
1,012,652
19
Equals: Net saving
-1,095,194
-1,019,524
-969,867
Capital account
20
Net saving less capital transfers
-1,149,648
-1,069,750
-1,018,011
21
Net saving
-1,095,194
-1,019,524
-969,867
22
Less: Capital transfers paid (net)
54,454
50,226
48,144
23
Capital formation, net
3,669
6,373
1,759
24
Gross fixed capital formation (acquisition of produced nonfinancial assets)
298,840
295,760
282,173
25
Less: Consumption of fixed capital
288,322
286,037
279,891
26
Acquisition of nonproduced nonfinancial assets
-6,849
-3,350
-523
27
Net lending (+) or borrowing (-), capital account (lines 20-23)
-1,153,317
-1,076,123
-1,019,770
Financial account
28
Net lending (+) or borrowing (-) (line 27)
-1,153,317
-1,076,123
-1,019,770
29
Net acquisition of financial assets
10,295
-135,644
501,994
30
Monetary gold and SDRs
216
188
132
31
Monetary gold
0
0
0
32
SDR holdings
216
188
132
33
Currency and deposits
-56,149
-216,660
448,799
34
Official foreign currencies
186
18
68
35
Reserve position in IMF (net)
1,568
8,196
-292
36
Currency and transferable deposits
-58,029
-224,850
449,335
37
Time and savings deposits
128
-24
-312
38
Nonofficial foreign currencies
-2
0
0
39
Debt securities
0
0
0
40
Agency- and GSE-backed securities
0
0
0
41
Corporate and foreign bonds
0
0
0
42
Loans
96,010
86,470
93,378
43
Short term
94,374
83,578
87,810
44
Consumer credit
80,371
82,438
92,026
45
Other loans and advances
14,003
1,140
-4,216
46
Long term (mortgages)
1,636
2,892
5,568
47
Equity and investment fund shares
0
-20
15,988
48
Corporate equities
0
0
15,956
49
Equity in international organizations
0
-20
32
50
Equity in government-sponsored enterprises
0
0
0
51
Equity investment under Public-Private Inv. Program
0
0
0
52
Other accounts receivable
-29,783
-5,622
-56,303
53
Trade receivables
24,329
7,698
12,221
54
Taxes receivable
-62,068
-26,392
-78,048
55
Other (miscellaneous assets)
7,956
13,072
9,524
56
Net incurrence of liabilities
1,672,482
451,180
2,153,114
57
SDR allocations
0
0
0
58
Currency and deposits
0
0
0
59
Debt securities
701,706
444,254
2,828,329
60
Treasury securities
704,662
443,782
2,827,261
61
Federal agency securities
-2,956
472
1,068
62
Loans
829,196
0
-606,712
63
Insurance, pension and standardized guarantee schemes
90,208
-6,944
-80,758
64
Insurance reserves
2,036
252
416
65
Retiree Health Care Funds
-1,272
20,253
12,964
66
Claims of pension fund on sponsor
89,444
-27,449
-94,137
67
Other accounts payable
51,372
13,870
12,255
68
SDR certificates
0
0
0
69
Trade payables
27,012
17,462
20,363
70
Other (miscellaneous liabilities)
24,360
-3,592
-8,108
Addendum:
71
Net lending (+) or borrowing (-), financial account (lines 29-56)
-1,662,187
-586,823
-1,651,120
Other changes in volume account
72
Total other volume changes
-66,375
-85,774
-118,669
73
Disaster losses
0
0
0
74
Other volume changes
14,116
6,280
4,474
75
Less: Statistical discrepancy ((lines 27-71)/4)
80,490
92,054
123,143
Revaluation account
76
Nonfinancial assets
26,750
29,320
25,542
77
Structures
15,715
19,513
19,466
78
Equipment
1,382
3,044
509
79
Intellectual property products
9,653
6,764
5,567
80
Financial assets
-409
-219
1,449
81
Monetary gold and SDRs
-91
-162
1,082
82
Currency and deposits
-318
-57
367
83
Corporate equities
0
0
0
84
Equity investment under Public-Private Inv. Program
0
0
0
85
Liabilities (SDR allocations)
-90
-157
1,050
86
Changes in net worth due to nominal holding gains/losses
26,431
29,258
25,941
Changes in balance sheet account
87
Change in net worth ((lines 23+27)/4 + lines 72+86)
-291,428
-310,843
-317,598
Balance sheet account (end of period)
88
Total assets
6,130,228
6,091,932
5,832,336
89
Nonfinancial assets
3,516,082
3,487,570
3,395,773
90
Structures
1,651,226
1,639,236
1,588,755
91
Equipment
782,581
777,854
760,721
92
Intellectual property products
1,082,275
1,070,480
1,046,297
93
Financial assets
2,614,146
2,604,362
2,436,563
94
Monetary gold and SDRs
50,770
50,807
52,983
95
Monetary gold
4
4
4
96
SDR holdings
50,766
50,803
52,979
97
Currency and deposits
385,406
453,664
336,369
98
Official foreign currencies
20,475
20,803
21,935
99
Reserve position in IMF (net)
22,357
22,283
18,198
100
Currency and transferable deposits
337,867
405,903
291,767
101
Time and savings deposits
2,081
2,049
1,843
102
Nonofficial foreign currencies
2,626
2,626
2,626
103
Debt securities
493
493
493
104
Agency- and GSE-backed securities
1
1
1
105
Corporate and foreign bonds
492
492
492
106
Loans
1,600,899
1,563,999
1,502,221
107
Short term
1,475,960
1,439,469
1,379,611
108
Consumer credit
1,269,262
1,236,272
1,181,633
109
Other loans and advances
206,698
203,197
197,978
110
Long term (mortgages)
124,939
124,530
122,610
111
Equity and investment fund shares
106,546
106,546
105,261
112
Corporate equities
37,177
37,177
37,197
113
Equity in international organizations
69,369
69,369
68,064
114
Equity in government-sponsored enterprises
0
0
0
115
Equity investment under Public-Private Inv. Program
0
0
0
116
Other accounts receivable
470,033
428,853
439,236
117
Trade receivables
81,248
75,420
67,852
118
Taxes receivable
246,766
213,403
242,637
119
Other (miscellaneous assets)
142,019
140,030
128,747
120
Total liabilities and net worth
6,130,228
6,091,932
5,832,336
121
Liabilities
20,605,266
20,275,542
19,531,358
122
SDR allocations
49,027
49,117
51,344
123
Currency and deposits
25,322
25,322
25,322
124
Debt securities
17,928,466
17,865,026
17,070,617
125
Treasury securities
17,906,265
17,842,086
17,045,955
126
Federal agency securities
22,201
22,940
24,662
127
Loans
207,299
0
0
128
Insurance, pension and standardized guarantee schemes
2,055,075
2,003,230
2,064,312
129
Insurance reserves
51,793
51,284
51,194
130
Retiree Health Care Funds
297,297
301,023
286,786
131
Claims of pension fund on sponsor
1,705,985
1,650,923
1,726,332
132
Other accounts payable
340,077
332,847
319,763
133
SDR certificates
5,200
5,200
5,200
134
Trade payables
335,064
327,810
314,534
135
Other (miscellaneous liabilities)
-187
-163
29
136
Net worth
-14,475,038
-14,183,610
-13,699,022
