Current account
1
Gross value added
1,792,641
1,781,007
1,739,916
2
Less: Consumption of fixed capital
285,047
283,205
272,453
3
Equals: Net value added
1,507,594
1,497,802
1,467,463
4
Compensation of employees (paid)
1,512,104
1,501,980
1,470,733
5
Operating surplus, net
-4,510
-4,178
-3,270
6
Net national income/Balance of primary incomes, net
1,112,610
1,094,590
1,048,249
7
Operating surplus, net
-4,510
-4,178
-3,270
8
Taxes on production and imports, receivable
1,303,920
1,288,314
1,248,428
9
Subsidies (paid)
-582
-578
-566
10
Property income received, net
-186,218
-188,968
-196,343
11
Net national income/Balance of primary incomes, net
1,112,610
1,094,590
1,048,249
12
Plus: Current taxes on income, wealth, etc. (received)
509,248
482,259
495,710
13
Plus: Social benefits (received)
22,273
22,111
21,324
14
Less: Social contributions (paid)
754,875
743,746
726,460
15
Plus: Other current transfers (received)
721,416
716,479
715,177
16
Less: Other current transfers (paid)
0
0
0
17
Equals: Disposable income, net
1,610,672
1,571,693
1,554,000
18
Less: Final consumption expenditures
1,831,908
1,834,766
1,784,363
19
Equals: Net saving
-221,236
-263,073
-230,363
Capital account
20
Net saving less capital transfers
-147,016
-191,798
-160,732
21
Net saving
-221,236
-263,073
-230,363
22
Less: Capital transfers paid (net)
-74,220
-71,275
-69,631
23
Capital formation, net
143,749
124,487
119,194
24
Gross fixed capital formation (acquisition of produced nonfinancial assets)
413,521
392,756
377,636
25
Less: Consumption of fixed capital
285,047
283,205
272,453
26
Acquisition of nonproduced nonfinancial assets
15,275
14,936
14,011
27
Net lending (+) or borrowing (-), capital account (lines 20-23)
-290,765
-316,285
-279,926
Financial account
28
Net lending (+) or borrowing (-) (line 27)
-290,765
-316,285
-279,926
29
Net acquisition of financial assets
-145,624
-456,981
-182,781
30
Currency and deposits
20,038
22,269
-6,353
31
Currency and transferable deposits
-4,987
10,754
344
32
Time and savings deposits
25,025
11,515
-6,697
33
Debt securities
-109,090
-348,592
-99,316
34
Open market paper
-13,956
-16,632
-7,512
35
Treasury securities
-57,502
-173,788
-40,336
36
Agency- and GSE-backed securities
-26,228
-110,228
-29,804
37
Municipal securities
-848
-3,576
-1,616
38
Corporate and foreign bonds
-10,556
-44,368
-20,048
39
Loans
-31,256
-89,848
-40,492
40
Short term
-18,344
-35,064
-15,844
41
Long term (mortgages)
-12,912
-54,784
-24,648
42
Equity and investment fund shares
-7,456
-34,644
-21,184
43
Money market fund shares
1,068
1,176
-5,000
44
Corporate equities
-5,628
-23,644
-10,684
45
Mutual fund shares
-2,896
-12,176
-5,500
46
Other accounts receivable
-17,860
-6,165
-15,435
47
Trade receivables
-3,484
10,012
-4,140
48
Taxes receivable
3,224
15,751
3,133
49
Other (miscellaneous assets)
-17,600
-31,928
-14,428
50
Net incurrence of liabilities
89,820
-124,702
35,111
51
Debt securities (municipals)
-24,508
-67,596
-91,805
52
Short term
7,382
-1,195
7,551
53
Other
-31,890
-66,401
-99,356
54
Loans (short term)
1,096
1,428
856
55
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
65,160
-105,998
80,576
56
Other accounts payable (trade payables)
48,072
47,464
45,484
Addendum:
57
Net lending (+) or borrowing (-), financial account (lines 29-50)
-235,443
-332,279
-217,892
Other changes in volume account
58
Total other volume changes
-10,185
-2,730
-9,148
59
Disaster losses
0
0
0
60
Other volume changes
-1,766
-19,078
-2,866
61
Less: Statistical discrepancy ((lines 27-57)/4)
8,419
-16,348
6,282
Revaluation account
62
Nonfinancial assets
44,234
125,613
117,722
63
Structures
43,011
124,447
117,134
64
Equipment
397
687
-34
65
Intellectual property products
826
480
623
66
Financial assets (equity and investment fund shares)
41,767
-54,327
-3,508
67
Liabilities (claim of pension funds on sponsor)
-358,726
337,474
67,875
68
Changes in net worth due to nominal holding gains/losses
444,727
-266,188
46,339
Changes in balance sheet account
69
Change in net worth ((lines 23+27)/4 + lines 58+68)
398,377
-324,788
-2,557
Balance sheet account (end of period)
70
Total assets
14,714,043
14,633,585
14,207,072
71
Nonfinancial assets
11,649,497
11,573,156
11,081,294
72
Structures
11,248,473
11,175,849
10,694,518
73
Equipment
258,311
256,810
251,655
74
Intellectual property products
142,713
140,497
135,121
75
Financial assets
3,064,546
3,060,429
3,125,778
76
Currency and deposits
510,968
510,123
500,859
77
Currency and transferable deposits
108,254
108,933
113,144
78
Time and savings deposits
402,714
401,190
387,715
79
Debt securities
1,311,539
1,336,843
1,385,369
80
Open market paper
61,363
64,852
67,388
81
Treasury securities
647,811
660,218
682,093
82
Agency- and GSE-backed securities
418,270
424,827
441,633
83
Municipal securities
13,727
13,939
14,484
84
Corporate and foreign bonds
170,368
173,007
179,771
85
Loans
343,312
351,170
364,901
86
Short term
132,144
136,730
142,076
87
Long term (mortgages)
211,168
214,440
222,825
88
Equity and investment fund shares
393,392
353,489
382,639
89
Money market fund shares
20,045
19,778
20,618
90
Corporate equities
281,105
248,938
269,117
91
Mutual fund shares
92,242
84,773
92,904
92
Other accounts receivable
505,335
508,804
492,010
93
Trade receivables
228,271
229,142
211,392
94
Taxes receivable
159,463
157,661
151,250
95
Other (miscellaneous assets)
117,601
122,001
129,368
96
Total liabilities and net worth
14,714,043
14,633,585
14,207,072
97
Liabilities
8,271,263
8,589,182
8,212,758
Debt securities (municipals)
3,035,250
3,039,107
3,073,047
Short term
38,970
38,068
36,135
Other
2,996,280
3,001,039
3,036,912
101
Loans (short term)
19,599
19,325
18,458
102
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
4,205,857
4,532,211
4,158,038
103
Other accounts payable (trade payables)
1,010,557
998,539
963,215
104
Net worth
6,442,780
6,044,403
5,994,314
