11. Other economic flows

At the broadest level, flows in GFS are subdivided between transactions and other economic flows. Other economic flows are defined as changes in the volume or value of assets and liabilities that do not result from transactions. There are two types of other economic flows in GFS. These are:

• Holding gains / losses (also referred to as revaluations in GFS); and
• Other changes in the volume of assets and liabilities (also referred to as other volume changes in GFS).

This chapter describes the concepts of holding gains and losses and other changes in the volume of assets and liabilities in GFS, including the valuation and time of recording of other economic flows. This chapter also describes changes in net worth due to other economic flows, and the classification of other economic flows in GFS.