An institutional unit’s holdings of assets, liabilities, and net worth, are recorded in a macroeconomic statistics balance sheet. An asset is a store of value representing a benefit, or series of benefits, accruing to the economic owner of a resource by holding, or using, the resource over a period of time. A liability is established when one unit (the debtor) is obliged to provide funds, or other resources, to another unit (the creditor), for example under a loan agreement. The difference between total assets and liabilities is the institutional unit's net worth. Macroeconomic statistics distinguish between financial and nonfinancial assets. Financial assets consist of financial claims and gold bullion held by monetary authorities as a reserve asset. Financial claims are assets that entitle the owner (the creditor) to receive funds or other resources from another unit (the debtor), under the terms of a liability. All financial claims have liabilities as counterparts whereas nonfinancial assets do not have liabilities as counterparts. Fixed assets, inventories, land, and naturally occurring assets are examples of nonfinancial assets. This video explains the different types of assets and liabilities in macroeconomic statistics.
Sources:
System of National Accounts 2008 [ Ссылка ]
Government Finance Statistics Manual 2014 [ Ссылка ]
Public Sector Debt Statistics: Guide for Compilers and Users, 2013 [ Ссылка ]
Balance of Payments and International Investment Position Manual 6th edition [ Ссылка ]
Monetary and Financial Statistics Manual and Compilation Guide, 2016 [ Ссылка ]
External Debt Statistics: Guide for Compilers and Users, 2014 [ Ссылка ]
Link to the IMF online course on compilation basics of macroeconomic statistics for government officials: [ Ссылка ]
Link to the IMF online course on compilation basics of macroeconomic statistics for members of the general public: [ Ссылка ]
