27-11-2023 14:25
Annual non-financial sector accounts: 2022
Annual increase of 7,2% to the disposable income of households and Non-Profit Institutions Serving Households
Based on the preliminary estimates of the main aggregates of the National Accounts by institutional sector for the year 2022, the gross disposable income for the total economy amounted to €25.486,8 mn, the gross saving amounted to €3.749,6 mn and the net borrowing (-) amounted to €2.148,9 mn. (Table)
The disposable income of households and non-profit institutions serving households (NPISH) increased by 7,2% compared to 2021, from €16.506,5 mn to €17.691,4 mn, while their final consumption expenditure, increased by 15,6% in 2022 compared to 2021, from €14.358,8 mn to €16.605,3 mn.
In addition, the savings ratio, which is calculated as the percentage of the gross saving to the gross disposable income of Households and NPISH, amounted to 6,5% compared to 13,5% in 2021.
The investment ratio of the non-financial corporations, which is calculated as the percentage of investments to gross value added of the non-financial corporations’ sector, amounted to 18,7% compared to 17,0% in 2021.
Table
Main Aggregates |
Institutional Sectors 2022 (€mn.) |
||||||
S.1 |
S.11 |
S.12 |
S.13 |
S.1M |
S.1N |
S.2 |
|
Gross domestic product |
27.777,0 |
11.839,3 |
2.405,7 |
3.790,9 |
6.408,9 |
3.332,2 |
n.a. |
Compensation of employees |
11.388,4 |
6.360,6 |
1.094,5 |
3.179,2 |
754,1 |
n.a. |
73,5 |
Gross operating surplus and mixed income |
12.486,4 |
4.965,1 |
1.291,5 |
611,7 |
5.618,0 |
n.a. |
n.a. |
Property income |
-2.047,4 |
-2.004,4 |
-517,5 |
-295,5 |
770,0 |
n.a. |
2.047,4 |
Gross national income |
25.689,6 |
2.960,7 |
774,0 |
4.210,3 |
17.744,6 |
n.a. |
n.a. |
Current taxes on income and wealth |
-1,2 |
-1.675,1 |
-281,1 |
2.924,2 |
-969,1 |
n.a. |
1,2 |
Social contributions and benefits |
0,3 |
-184,6 |
-80,4 |
-3.151,2 |
3.416,5 |
n.a. |
-0,3 |
Other current transfers |
-202,0 |
-255,1 |
-20,0 |
-394,3 |
467,4 |
n.a. |
202,0 |
Gross disposable income |
25.486,8 |
845,9 |
392,5 |
6.557,0 |
17.691,4 |
n.a. |
n.a. |
Final consumption expenditure |
21.737,2 |
n.a. |
n.a. |
5.131,9 |
16.605,3 |
n.a. |
n.a. |
Gross Saving |
3.749,6 |
845,9 |
322,9 |
1.425,1 |
1.155,6 |
n.a. |
n.a. |
Capital transfers |
176,2 |
64,6 |
1,0 |
32,1 |
78,5 |
n.a. |
-176,2 |
Gross capital formation |
5.951,4 |
2.465,0 |
33,3 |
728,7 |
2.724,5 |
n.a. |
n.a. |
Exports of goods and services |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
26.398,6 |
Imports of goods and services |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
26.310,3 |
Net lending (+) / net borrowing (-) |
-2.148,9 |
-1.677,7 |
342,9 |
676,2 |
-1.490,3 |
n.a. |
2.148,9 |
n.a.: Not applicable
Institutional Sectors:
S.1: Total Economy
S.11: Non-Financial Corporations
S.12: Financial Corporations
S.13: General Government
S.1M: Households (S.14) and Non-Profit Institutions Serving Households (S.15)
S.1N: Taxes less Subsidies
S.2: Rest of the World
Methodological information
Scope
Information is provided for the complete sequence of non-financial accounts (transactions and balancing items) by institutional sector. It consists of the following accounts:
The institutional sectors consist of groups of institutional units with similar characteristics and some of these sectors are subdivided into further subsectors.
Compilation and Methodology
The annual non-financial accounts by institutional sector cover all the institutional sectors based on the European System of Accounts 2010 (ESA 2010).
Economic data by institutional sector and for the total economy are collected from:
Source of Data
The annual non-financial accounts by institutional sector cover all the institutional sectors of the economy:
For more information visit the CYSTAT Portal, subtheme National Accounts, CYSTAT-DB (Online Database), Predefined Tables (Excel), Methodological Information, or contact Mr Michalis Pantziaras at telephone 22605127 or via e-mail at mpantziaras@cystat.mof.gov.cy.
(AP/EP)
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