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National Accounts at a Glance 2009

image of National Accounts at a Glance 2009

National Accounts data is more than just GDP.  This book, to be published annually, and its related database present national accounts in a way that reflects the richness inherent in the data and the value that represents for analysts and policymakers.  It responds to the Stiglitz Commission’s recommendation that policymakers look beyond GDP to get a fuller picture of the entire economy.

 

In particular it uses national accounts data to show important findings about households and governments, including important new series on gross adjusted household income and non-financial fixed assets of households. It presents each of the series on a two-page spread, with the page on the left providing information on the meaning, usage, and comparability of the data and the page on the right presenting data from 1995 onwards for the OECD countries as well as graphics highlighting differences among countries.

This book includes OECD’s unique StatLink service, which enables readers to download Excel®  versions of tables and graphs. Look for the StatLink at the foot of each table and graph.

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Social Contributions

Social contributions are actual or imputed payments to social insurance schemes to make provision for social insurance benefits (see Section 17). They may be made by employers on behalf of their employees or by employees, self-employed or non-employed persons on their own behalf. The contributions may be compulsory or voluntary and the schemes may be funded or unfunded. Compulsory social security contributions paid to general government or to social security funds under the effective control of government form an important part of government revenue and, although they are not treated so in the SNA, many analysts (including the OECD’s Tax Directorate) consider the payments as being analogous to a tax on income and so part of a country’s overall tax burden. They are important not only in the sense that they form a significant share of government revenue but because they also reflect part of the costs of doing business. In many developing countries high social contributions coupled with low social benefits are often cited as a reason for a large informal economy.

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