Private sector credit flow, non-consolidated
methods, notes and classification
DATA_DESCR The private credit flow represents the net amount of liabilities in which the sectors Non-Financial corporations (S.11) and Households and Non-Profit institutions serving households S.14_S.15) have incurred along the year. The instruments taken into account to compile private sector credit flow are Securities other than shares (F.3) and Loans (F.4). No other instruments are added to calculate the private sector credit flow. Definitions regarding sectors and instruments are based on ESA 95. Data are expressed in percentage of GDP and presented both in consolidated and non-consolidated terms. The difference is that consolidated data do not take into account transactions within the same sector.
CLASS_SYSTEM The classification system follows the European System of Accounts, 1995 edition (ESA 95). Borderline classification issues are referred to in the chapters 2 and 3 in the Manual on sources and methods for the compilation of ESA 95 financial accounts, 2nd edition. The indicators are classified by institutional sector, namely: Non-financial corporations (S.11) and Households (S.14) and Non-profit institutions serving households (S.15). For definitions of institutional sectors and sub-sectors, see ESA 95 chapter 2. Non-consolidated and consolidated data: "Consolidation refers to the elimination, from both uses and resources, of transactions which occur between units when the latter are grouped, and to the elimination of reciprocal financial assets and liabilities."á For consolidation rules, see ESA 95 º 1.58 and point 4.5 of the introduction, as well as issue 4 of the recommendations in the Manual on sources and methods for the compilation of ESA95 financial accounts (see the annex at the bottom of the page).á
STAT_CONC_DEF "Financial assets are economic assets, comprising means of payment, financial claims and economic assets which are close to financial claims in nature" The instruments that are taken into account to compile private sector debt are Securities other than shares (F.3) and Loans (F.4). More details on the definitions of financial assets and liabilities, their categories and sub-categories are provided in ESA 95 chapter 5.
STAT_UNIT These are identified as the institutional units defined in ESA 95 º 2.16, namely: "a) units which have a complete set of accounts and autonomy of decision: á(1) private and public corporations; (2) co-operatives or partnerships recognized as independent legal entities; (3) public producers which by virtue of special legislation are recognized as independent legal entities; (4) non-profit institutions recognized as independent legal entities; (5) agencies of general government. áb) units which have a complete set of accounts and which are deemed to have autonomy of decision: áquasi-corporations (see ESA 95 º 2.13. f);. ác) units which do not necessarily keep a complete set of accounts, but which by convention are deemed to have autonomy of decision: á(1) households; (2) national resident units (see ESA 95 º 2.15.)".á
STAT_POP The target population is consisted of the sectors of the national economy and the rest of the world. Although population coverage is expected to be 100%, actual coverage depends on completeness of data.
REF_AREA EU27
BASE_PER Data are in current prices.
UNIT_MEASURE Data are provided in Euro/ECU
Explanatory Notes 
Variables