The national accounts in 2022 National accounts - 2014 Base

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Insee Résultats
Paru le :Paru le20/12/2023
Insee Résultats- December 2023

Institutional sectors in 2022 National accounts - 2014 Base

Detailed figures

Insee Résultats

Paru le :31/05/2023

The institutional units are the elementary economic units of the national accounts. These units are entitled to own assets, to incur liabilities, to engage in economic activities and to carry out transactions with other units. The institutional sectors group together the institutional units which have a similar type of economic behaviour as defined by their function and their main activity.

Five main institutional sectors form the national economy: Non-financial corporations (S11), Financial corporations (S12), General government (S13), Households (S14), Non-profit institutions serving households (S15). The non-resident units engaged in transactions or having other economic links with resident institutional units are grouped in what is called the Rest of the world (S2).

The national accounts produce a set of accounts for the various institutional sectors.

The current accounts - production account, generation of income account, allocation of primary income account, secondary distribution of income account, redistribution of income in kind account and use of income account - are flow accounts. They are used to obtain the following balancing items : value added, operating surplus and mixed income, balance of primary incomes, disposable income, adjusted disposable income, saving.

The capital account records the acquisitions less disposals of non-financial assets and the capital transfers received and paid. This account enables to determine the extent to which acquisitions less disposals of non-financial assets have been financed out of saving and capital transfers. Its balancing item is the net lending (+) / net borrowing (-)(B9NF).

The gross balancing items of the current accounts and of the capital accounts for the total economy are the major aggregates of the national accounts: gross domestic product, gross national income, gross national disposable income, gross national saving, net lending (+)/net borrowing (-) of the Nation.

Net balances are derived from gross balances by subtracting the consumption of fixed capital.

These accounts are completed by the financial account, the other changes in assets accounts and the balance sheets.

Given a production process that differs marginally from the usual process, some detailed operations are not available for 2022. These will be reported.

Consumption of fixed capital as well as net balances, tables 7.101-7.103, 7.201, 7.301-7.501, for the years 2020, 2021 and 2022, will be published with the non financial balance sheet accounts in the summer of 2023. Data relative to the previous accounting campaign are available in "The national accounts in 2021".


Methodology of the annual accounts

From May 30, 2018, INSEE publishes the national accounts in 2014 base.

The most significant changes concern the national economy's transactions with the rest of the world, as well as the estimations of flows of property income between resident agents (enterprises, households, general government, etc.) as well as between resident agents and the rest of the world.

This basic change is accompanied by some improvements that are described in the " The national accounts switch to 2014 base" folder and in the methodology sheets of the 2014 database.

Online, aids to understanding facilitate the reading of results (definitions,  classification, glossary).

Presentation of the transition to the 2014 base of the national accounts