National income

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National income includes gross and net national income, savings or net lending/net borrowing. It is the total value of the primary incomes receivable within an economy less the total of the primary incomes payable by resident units. Primary incomes are incomes that accrue to institutional units as a consequence of their involvement in processes of production or ownership of assets that may be needed for purposes of production.

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Keywords:  national accounts, income

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Saving is the difference between disposable income plus the change in net equity of households in pension funds and final consumption expenditure. Saving therefore reflects the residual income used to acquire financial and non-financial assets. It’s important to note that disposable income does not include any capital gains or indeed losses, and so neither does saving. Net saving is equal to saving less depreciation. This indicator is measured as percentage of gross domestic product (GDP). Data are under 2008 System of National Accounts (SNA 2008) for all countries except for Chile, Japan and Turkey (SNA 1993).

Also available in French
Keywords:  savings, household
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