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transactions Financial transactions Classifications and accounts Transactions Institutional sectors Industries Assets Contact Links	In this chapter: Classification of transactions and other flows Classification of balancing items PDF version Transactions and balancing items Classification of transactions and other flows Transactions in goods and services (products) (P) P.1 Output P.11 Market output P.119 Adjustment Fisim P.12 Output for own final use P.13 Other non-market output P.131 Payments for the other non-market output P.132 Other non-market output, other P.2 Intermediate consumption P.3 Final consumption expenditure P.31 Individual consumption expenditure P.32 Collective consumption expenditure P.4 Actual final consumption P.41 Actual individual consumption P.42 Actual collective consumption P.5 Gross capital formation P.51 Gross fixed capital formation P.511 Acquisitions less disposals of tangible fixed assets P.5111 Acquisitions of new tangible fixed assets P.5112 Acquisitions of existing tangible fixed assets P.5113 Disposals of existing tangible fixed assets P.512 Acquisitions less disposals of intangible fixed assets P.5121 Acquisitions of new intangible fixed assets P.5122 Acquisitions of existing intangible fixed assets P.5123 Disposals of existing intangible fixed assets P.513 Addition to the value of non-financial non-produced assets P.5131 Major improvements to non-financial non-produced assets P.5132 Costs of ownership transfer on non-financial non-produced assets P.52 Changes in inventories P.53 Acquisitions less disposals of valuables P.6 Exports of goods and services P.61 Exports of goods P.62 Exports of services P.7 Imports of goods and services P.71 Imports of goods P.72 Imports of services Distributive transactions (D) D.1 Compensation of employees D.11 Wages and salaries D.12 Employers' social contributions D.121 Employers' actual social contributions D.122 Employers' imputed social contributions D.2 Taxes on production and imports D.21 Taxes on products D.211 Value-added type taxes (VAT) D.212 Taxes and duties on imports excluding VAT D.2121 Import duties D.2122 Taxes on imports excluding VAT and import duties D.214 Taxes on products, except VAT and import taxes D.29 Other taxes on production D.3 Subsidies D.31 Subsidies on products D.311 Import subsidies D.319 Other subsidies on products D.39 Other subsidies on production D.4 Property income D.41 Interest D.42 Distributed income of corporations D.421 Dividends D.422 Withdrawals from income of quasi-corporations D.43 Reinvested earnings on direct foreign investment D.44 Property income attributed to insurance policy holders D.45 Rents D.5 Current taxes on income, wealth, etc. D.51 Taxes on income D.59 Other current taxes D.6 Social contributions and benefits D.61 Social contributions D.611 Actual social contributions D.6111 Employers' actual social contributions D.61111 Compulsory employers' actual social contributions D.61112 Voluntary employers' actual social contributions D.6112 Employees' social contributions D.61121 Compulsory employees' social contributions D.61122 Voluntary employees' social contributions D.6113 Social contributions by self- and non-employed persons D.61131 Compulsory social contributions by self- and non-employed persons D.61132 Voluntary social contributions by self- and non-employed persons D.612 Imputed social contributions D.62 Social benefits other than social transfers in kind D.621 Social security benefits in cash D.622 Private funded social benefits D.623 Unfunded employee social benefits D.624 Social assistance benefits in cash D.63 Social transfers in kind D.631 Social benefits in kind D.6311 Social security benefits, reimbursements D.6312 Other social security benefits in kind D.63121 Other social security benefits in kind provided by market producers D.63122 Other social security benefits in kind provided by non-market producers D.6313 Social assistance benefits in kind D.63131 Social assistance benefits in kind provided by market producers D.63132 Social assistance benefits in kind provided by non-market producers D.632 Transfers of individual non-market goods and services D.7 Other current transfers D.71 Net non-life insurance premiums D.72 Non-life insurance claims D.73 Current transfers within general government D.74 Current international cooperation D.75 Miscellaneous current transfers D.8 Adjustment for the change in net equity of households in pension funds reserves D.9 Capital transfers D.91 Capital taxes D.92 Investment grants D.99 Other capital transfers D.995 Capital transfers from general government to relevant sectors representing taxes and social contributions assessed but unlikely to be collected D.99521 Taxes on products assessed but unlikely to be collected D.99529 Other taxes on production assessed but unlikely to be collected D.99551 Taxes on income assessed but unlikely to be collected D.99559 Other current taxes assessed but unlikely to be collected D.9956111 Employers' actual social contributions assessed but unlikely to be collected D.9956112 Employees' social contributions assessed but unlikely to be collected D.9956113 Social contributions by self- and unemployed persons assessed but unlikely to be collected D.99591 Capital taxes assessed but unlikely to be collected Transactions in financial instruments (F) (Net acquisition of financial assets/net incurrence of liabilities) F.1 Monetary gold and special drawing rights (SDRs) F.11 Monetary gold F.12 Special drawing rights (SDRs) F.2 Currency and deposits F.21 Currency F.22 Transferable deposits F.29 Other deposits F.3 Securities other than shares F.33 Securities other than shares, excluding financial derivatives F.331 Short-term-securities other than shares, excluding financial derivatives F.332 Long-term-securities other than shares, excluding financial derivatives F.34 Financial derivatives F.4 Loans (a) F.41 Short-term loans F.42 Long-term loans F.5 Shares and other equity (a) F.51 Shares and other equity, excluding mutual fund shares F.511 Quoted shares F.512 Unquoted shares F.513 Other equity F.52 Mutual fund shares F.6 Insurance technical reserves F.61 Net equity of households in life insurance reserves and in pension fund reserves F.611 Net equity of households in life insurance reserves F.612 Net equity of households in pension fund reserves F.62 Prepayments of insurance premiums and reserves for outstanding claims F.7 Other accounts receivable/payable (a) F.71 Trade credits and advances F.79 Other accounts receivable/payable, except trade credits and advances Other accumulation entries (K) K.1 Consumption of fixed capital K.2 Acquisitions less disposals of non-financial non-produced assets K.21 Acquisitions less disposals of land and other tangible non-produced assets K.211 Acquisitions of land and other tangible non-produced assets K.212 Disposals of land and other tangible non-produced assets K.22 Acquisitions less disposals of intangible non-produced assets K.221 Acquisitions of intangible non-produced assets K.222 Disposals of intangible non-produced assets K.3 Economic appearance of non-produced assets K.4 Economic appearance of produced assets K.5 Natural growth of non-cultivated biological resources K.6 Economic disappearance of non-produced assets K.61 Depletion of natural economic assets K.62 Other economic disappearance of non-produced assets K.7 Catastrophic losses K.8 Uncompensated seizures K.9 Other volume changes in non-financial assets n.e.c. K.10 Other volume changes in financial assets and liabilities n.e.c. K.11 Nominal holding gains/losses K.11.1 Neutral holding gains/losses K.11.2 Real holding gains/losses K.12 Changes in classifications and structure K.12.1 Changes in sector classification and structure K.12.2 Changes in classification of assets and liabilities K.12.21 Monetization/demonetization of gold K.12.22 Changes in classification of assets or liabilities other than monetization/demonetization of gold Classification of balancing items ^(b) (B) B.1 Value-added/B.1* Domestic product B.2 Operating surplus B.3 Mixed income B.4 Entrepreneurial income B.5 Balance of primary incomes/B.5* National income B.6 Disposable income B.7 Adjusted disposable income B.8 Saving B.9 Net lending/net borrowing B.10 Changes in net worth B.10.1 Changes in net worth due to saving and capital transfers ^(c), ^(d) B.10.2 Changes in net worth due to other changes in volume of assets B.10.3 Changes in net worth due to nominal holding gains/losses B.10.31 Changes in net worth due to neutral holding gains/losses B.10.32 Changes in net worth due to real holding gains/losses B.11 External balance of goods and services B.12 Current external balance B.90 Net worth BF.90 Net financial assets (b) All balancing items can be measured gross or net of consumption of fixed capital. The code for gross balancing items is constituted of the code of the item plus the letter ‘g’. Similarly, the letter ‘h’ attached to a code indicates net value. (c) ‘Changes in net worth due to saving and capital transfers’ is not a balancing item in the structure of the system. It is the total of the right side of the capital account. However, as a significant component of changes in net worth, it is coded with the other components of the latter. (d) ‘Changes in net worth due to saving and capital transfers’ for the rest of the world refers to changes in net worth due to current external balance and capital transfers.

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In this chapter:
- Classification of transactions and other flows
- Classification of balancing items
PDF version

Transactions and balancing items

Classification of transactions and other flows

Transactions in goods and services (products) (P)

P.1 Output
- P.11 Market output
  - P.119 Adjustment Fisim
- P.12 Output for own final use
- P.13 Other non-market output
  - P.131 Payments for the other non-market output
  - P.132 Other non-market output, other
P.2 Intermediate consumption
P.3 Final consumption expenditure
- P.31 Individual consumption expenditure
- P.32 Collective consumption expenditure
P.4 Actual final consumption
- P.41 Actual individual consumption
- P.42 Actual collective consumption
P.5 Gross capital formation
- P.51 Gross fixed capital formation
  - P.511 Acquisitions less disposals of tangible fixed assets
    - P.5111 Acquisitions of new tangible fixed assets
    - P.5112 Acquisitions of existing tangible fixed assets
    - P.5113 Disposals of existing tangible fixed assets
  - P.512 Acquisitions less disposals of intangible fixed assets
    - P.5121 Acquisitions of new intangible fixed assets
    - P.5122 Acquisitions of existing intangible fixed assets
    - P.5123 Disposals of existing intangible fixed assets
  - P.513 Addition to the value of non-financial non-produced assets
    - P.5131 Major improvements to non-financial non-produced assets
    - P.5132 Costs of ownership transfer on non-financial non-produced assets
- P.52 Changes in inventories
- P.53 Acquisitions less disposals of valuables
P.6 Exports of goods and services
- P.61 Exports of goods
- P.62 Exports of services
P.7 Imports of goods and services
- P.71 Imports of goods
- P.72 Imports of services

Distributive transactions (D)

D.1 Compensation of employees
- D.11 Wages and salaries
- D.12 Employers' social contributions
  - D.121 Employers' actual social contributions
  - D.122 Employers' imputed social contributions
D.2 Taxes on production and imports
- D.21 Taxes on products
  - D.211 Value-added type taxes (VAT)
  - D.212 Taxes and duties on imports excluding VAT
    - D.2121 Import duties
    - D.2122 Taxes on imports excluding VAT and import duties
  - D.214 Taxes on products, except VAT and import taxes
- D.29 Other taxes on production
D.3 Subsidies
- D.31 Subsidies on products
  - D.311 Import subsidies
  - D.319 Other subsidies on products
- D.39 Other subsidies on production
D.4 Property income
- D.41 Interest
- D.42 Distributed income of corporations
  - D.421 Dividends
  - D.422 Withdrawals from income of quasi-corporations
- D.43 Reinvested earnings on direct foreign investment
- D.44 Property income attributed to insurance policy holders
- D.45 Rents
D.5 Current taxes on income, wealth, etc.
- D.51 Taxes on income
- D.59 Other current taxes
D.6 Social contributions and benefits
- D.61 Social contributions
  - D.611 Actual social contributions
    - D.6111 Employers' actual social contributions
      - D.61111 Compulsory employers' actual social contributions
      - D.61112 Voluntary employers' actual social contributions
    - D.6112 Employees' social contributions
      - D.61121 Compulsory employees' social contributions
      - D.61122 Voluntary employees' social contributions
    - D.6113 Social contributions by self- and non-employed persons
      - D.61131 Compulsory social contributions by self- and non-employed persons
      - D.61132 Voluntary social contributions by self- and non-employed persons
  - D.612 Imputed social contributions
- D.62 Social benefits other than social transfers in kind
  - D.621 Social security benefits in cash
  - D.622 Private funded social benefits
  - D.623 Unfunded employee social benefits
  - D.624 Social assistance benefits in cash
- D.63 Social transfers in kind
  - D.631 Social benefits in kind
    - D.6311 Social security benefits, reimbursements
    - D.6312 Other social security benefits in kind
      - D.63121 Other social security benefits in kind provided by market producers
      - D.63122 Other social security benefits in kind provided by non-market producers
    - D.6313 Social assistance benefits in kind
      - D.63131 Social assistance benefits in kind provided by market producers
      - D.63132 Social assistance benefits in kind provided by non-market producers
  - D.632 Transfers of individual non-market goods and services
D.7 Other current transfers
- D.71 Net non-life insurance premiums
- D.72 Non-life insurance claims
- D.73 Current transfers within general government
- D.74 Current international cooperation
- D.75 Miscellaneous current transfers
D.8 Adjustment for the change in net equity of households in pension funds reserves
D.9 Capital transfers
- D.91 Capital taxes
- D.92 Investment grants
- D.99 Other capital transfers
  - D.995 Capital transfers from general government to relevant sectors representing taxes and social contributions assessed but unlikely to be collected
    - D.99521 Taxes on products assessed but unlikely to be collected
    - D.99529 Other taxes on production assessed but unlikely to be collected
    - D.99551 Taxes on income assessed but unlikely to be collected
    - D.99559 Other current taxes assessed but unlikely to be collected
    - D.9956111 Employers' actual social contributions assessed but unlikely to be collected
    - D.9956112 Employees' social contributions assessed but unlikely to be collected
    - D.9956113 Social contributions by self- and unemployed persons assessed but unlikely to be collected
    - D.99591 Capital taxes assessed but unlikely to be collected

Transactions in financial instruments (F) (Net acquisition of financial assets/net incurrence of liabilities)

F.1 Monetary gold and special drawing rights (SDRs)
- F.11 Monetary gold
- F.12 Special drawing rights (SDRs)
F.2 Currency and deposits
- F.21 Currency
- F.22 Transferable deposits
- F.29 Other deposits
F.3 Securities other than shares
- F.33 Securities other than shares, excluding financial derivatives
  - F.331 Short-term-securities other than shares, excluding financial derivatives
  - F.332 Long-term-securities other than shares, excluding financial derivatives
- F.34 Financial derivatives
F.4 Loans (a)
- F.41 Short-term loans
- F.42 Long-term loans
F.5 Shares and other equity (a)
- F.51 Shares and other equity, excluding mutual fund shares
  - F.511 Quoted shares
  - F.512 Unquoted shares
  - F.513 Other equity
- F.52 Mutual fund shares
F.6 Insurance technical reserves
- F.61 Net equity of households in life insurance reserves and in pension fund reserves
  - F.611 Net equity of households in life insurance reserves
  - F.612 Net equity of households in pension fund reserves
- F.62 Prepayments of insurance premiums and reserves for outstanding claims
F.7 Other accounts receivable/payable (a)
- F.71 Trade credits and advances
- F.79 Other accounts receivable/payable, except trade credits and advances

Other accumulation entries (K)

K.1 Consumption of fixed capital
K.2 Acquisitions less disposals of non-financial non-produced assets
- K.21 Acquisitions less disposals of land and other tangible non-produced assets
  - K.211 Acquisitions of land and other tangible non-produced assets
  - K.212 Disposals of land and other tangible non-produced assets
- K.22 Acquisitions less disposals of intangible non-produced assets
  - K.221 Acquisitions of intangible non-produced assets
  - K.222 Disposals of intangible non-produced assets
K.3 Economic appearance of non-produced assets
K.4 Economic appearance of produced assets
K.5 Natural growth of non-cultivated biological resources
K.6 Economic disappearance of non-produced assets
- K.61 Depletion of natural economic assets
- K.62 Other economic disappearance of non-produced assets
K.7 Catastrophic losses
K.8 Uncompensated seizures
K.9 Other volume changes in non-financial assets n.e.c.
K.10 Other volume changes in financial assets and liabilities n.e.c.
K.11 Nominal holding gains/losses
- K.11.1 Neutral holding gains/losses
- K.11.2 Real holding gains/losses
K.12 Changes in classifications and structure
- K.12.1 Changes in sector classification and structure
- K.12.2 Changes in classification of assets and liabilities
  - K.12.21 Monetization/demonetization of gold
  - K.12.22 Changes in classification of assets or liabilities other than monetization/demonetization of gold

Classification of balancing items ^(b) (B)

B.1 Value-added/B.1* Domestic product
B.2 Operating surplus
B.3 Mixed income
B.4 Entrepreneurial income
B.5 Balance of primary incomes/B.5* National income
B.6 Disposable income
B.7 Adjusted disposable income
B.8 Saving
B.9 Net lending/net borrowing
B.10 Changes in net worth
- B.10.1 Changes in net worth due to saving and capital transfers ^(c), ^(d)
- B.10.2 Changes in net worth due to other changes in volume of assets
- B.10.3 Changes in net worth due to nominal holding gains/losses
  - B.10.31 Changes in net worth due to neutral holding gains/losses
  - B.10.32 Changes in net worth due to real holding gains/losses
B.11 External balance of goods and services
B.12 Current external balance
B.90 Net worth
BF.90 Net financial assets

(b) All balancing items can be measured gross or net of consumption of fixed capital. The code for gross balancing items is constituted of the code of the item plus the letter ‘g’. Similarly, the letter ‘h’ attached to a code indicates net value.

(c) ‘Changes in net worth due to saving and capital transfers’ is not a balancing item in the structure of the system. It is the total of the right side of the capital account. However, as a significant component of changes in net worth, it is coded with the other components of the latter.

(d) ‘Changes in net worth due to saving and capital transfers’ for the rest of the world refers to changes in net worth due to current external balance and capital transfers.

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