Eurostat, the Statistical Office of the European Communities, and the European Central Bank (ECB) are publishing for the first time a set of annual European accounts for institutional sectors covering the period 1999-2004.
Eurostat is publishing the non-financial accounts for the euro area1, the EU25 and the individual Member States. These accounts include comprehensive information on the economic activities of households and corporations.
The ECB is publishing integrated non-financial and financial accounts, including financial balance sheets, for the euro area.
The accounts for the institutional sectors follow the methodology of the European System of Accounts 1995 (ESA 95).
They provide a comprehensive overview of the euro area and EU25 as single economies and allow for a wide-ranging analysis of the interactions among households, non-financial corporations, financial corporations and government.
The accounts also show interactions between these sectors in the euro area and EU25 and the rest of the world. The euro area and EU25 accounts are based on, but are not the simple sum of, the national accounts of the Member States.
All transactions between institutional sectors have been grouped into economically meaningful categories, such as compensation of employees, interest payments, taxes on income, and consumption expenditure.
In turn, these transaction categories have been grouped into a coherent and comprehensive system of interlinked accounts.
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