Source
Source Contact person/organisation Contact person/organisationIn this dataset, almost all OECD countries compile their data according to 2008 System of National Account (SNA).
The link to the file "ANA_changes.xls" is available for users to provide more information on where OECD countries and non member countries stand regarding the change over the 2008 SNA.
The readers' guide gives general information on the dataset and withheld criteria for this dataset.
Data Characteristics Data Characteristics Other data characteristics Other data characteristicsHousehold net worth (or net wealth) is the excess of household assets over liabilities. The higher (lower) the net worth as a percentage of disposable income, the higher (lower) is the capacity of households in terms of consumption and savings and the stronger (weaker) the financial position of households.
An increasing ratio indicates that net worth is growing faster than household disposable income. In these circumstances, some households may take financial decisions (such as the purchase of goods) based on their increasing wealth rather than on the availability of current disposable income which can remain stable or decrease.
Concepts & Classifications Concepts & Classifications Key statistical concept Key statistical conceptDefinition
The indicator shows net worth of the household sector as a percentage of their net disposable income.
In principle, net worth is the value of total assets (financial and non-financial) minus the total value of outstanding liabilities. Therefore, households' non-financial assets not only include dwellings but also include the plant, equipment and other non-financial assets by individual entrepreneurs (who are classified in the household sector). However, since data for total non-financial assets are not reported by a majority of OECD countries, net worth (as presented here) only relates to the total amount of financial assets and the value of dwellings. The purchase of ‘consumer durables' are treated as final consumption expenditure, and therefore are not included in the net worth of households. Also, other non-financial assets such as valuables are not included. However, because consumer durables are of analytical interest it is suggested to record these items in future as a memorandum item.
Non-financial assets are valued at market prices and are generally recorded net of depreciation.
Other Aspects Other Aspects Recommended uses and limitations Recommended uses and limitationsComparability
The international comparability of data on financial assets and liabilities is generally good.
However, as countries use a variety of methods to differentiate between the value of dwellings and land on which the dwelling is located, comparisons of these subcomponents of total net worth of households across countries can be challenging. Switzerland, the United Kingdom and the United States include the value of land under dwellings within the figures for dwellings. Another difference between countries is the net or gross recording of non-financial assets: in particular, data for Chile, Poland and the Slovak Republic are reported gross.
In this dataset, almost all OECD countries compile their data according to 2008 System of National Account (SNA).
The link to the file "ANA_changes.xls" is available for users to provide more information on where OECD countries and non member countries stand regarding the change over the 2008 SNA.
The readers' guide gives general information on the dataset and withheld criteria for this dataset.
Household net worth (or net wealth) is the excess of household assets over liabilities. The higher (lower) the net worth as a percentage of disposable income, the higher (lower) is the capacity of households in terms of consumption and savings and the stronger (weaker) the financial position of households.
An increasing ratio indicates that net worth is growing faster than household disposable income. In these circumstances, some households may take financial decisions (such as the purchase of goods) based on their increasing wealth rather than on the availability of current disposable income which can remain stable or decrease.
Definition
The indicator shows net worth of the household sector as a percentage of their net disposable income.
In principle, net worth is the value of total assets (financial and non-financial) minus the total value of outstanding liabilities. Therefore, households' non-financial assets not only include dwellings but also include the plant, equipment and other non-financial assets by individual entrepreneurs (who are classified in the household sector). However, since data for total non-financial assets are not reported by a majority of OECD countries, net worth (as presented here) only relates to the total amount of financial assets and the value of dwellings. The purchase of ‘consumer durables' are treated as final consumption expenditure, and therefore are not included in the net worth of households. Also, other non-financial assets such as valuables are not included. However, because consumer durables are of analytical interest it is suggested to record these items in future as a memorandum item.
Non-financial assets are valued at market prices and are generally recorded net of depreciation.
Comparability
The international comparability of data on financial assets and liabilities is generally good.
However, as countries use a variety of methods to differentiate between the value of dwellings and land on which the dwelling is located, comparisons of these subcomponents of total net worth of households across countries can be challenging. Switzerland, the United Kingdom and the United States include the value of land under dwellings within the figures for dwellings. Another difference between countries is the net or gross recording of non-financial assets: in particular, data for Chile, Poland and the Slovak Republic are reported gross.