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Relationship to the National Accounts
RELATIONSHIP TO THE NATIONAL ACCOUNTS
In addition to the long-standing statistics of national income, expenditure and product, the Australian System of National Accounts (ASNA) includes the financial accounts, input-output tables, balance sheet statistics (including capital stock statistics), multi-factor productivity statistics, and State accounts.
The current scope of the ASNA is best described by the list of statistical bulletins that comprise the ASNA data. These are as follows:
- Australian System of National Accounts (Cat. no. 5204.0) annual;
- Australian National Accounts: National Income, Expenditure and Product (Cat. no. 5206.0) quarterly;
- Australian National Accounts: Input-Output Tables (Cat. no. 5209.0) irregular;
- Australian National Accounts: State Accounts (Cat. no. 5220.0) annual; and
- Australian National Accounts: Financial Accounts (Cat. no. 5232.0) quarterly.
NATIONAL ACCOUNTS STATISTICS
The uses of the statistics included in the ASNA mainly arise from the role of the national accounts as a framework for evaluating economic performance.
A central set of accounts is related to the economic functions of production, consumption and accumulation of wealth:
- Gross domestic product account;
- National income account;
- National capital account; and
- Financial account.
The national accounts provide a comprehensive and systematic set of statistics for the Australian economy, detailing the economic transactions, the levels of assets and liabilities of the nation, and changes in those levels. Each of the above accounts includes a sub-account for international transactions or levels (ie an external account), which is derived from the BOP or IIP.
The main accounts in the external account are the:
- external income account, equivalent to the current account of balance of payments;
- external capital account, equivalent to the capital account of balance of payments;
- external financial account, equivalent to the financial account of balance of payments; and
- external balance sheets, equivalent to the international investment position reconciliation statement of balance of payments.
More information can be found in Australian National Accounts : Concepts, Sources and Methods (ABS Cat. No. 5216.0).
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