Macroeconomic key variables: achievements

https://stat.nbb.be/Index.aspx?queryid=86&lang=en https://stat.nbb.be/Index.aspx?DataSetCode=NADETP3&lang=en# (Composition and distribution of GDP) https://statbel.fgov.be/en/themes/emploi-formation/marche-du- travail/emploi-et-chomage https://www.plan.be/databases/PVarModal.php?lang=fr&VC=MODEMP&DB=MOD This table presents some key macroeconomic variables: - Employment rate (% of working age population): this variable represents the ratio of domestic employment to the working-age population. - Harmonised unemployment rate (Eurostat definition): harmonised data from the Labour Force Survey (LFS, for the 15-64 age group), adjusted monthly using national administrative data, in accordance with Eurostat methodology. - Personal savings rate (% of disposable income): the gross household saving rate is gross saving divided by gross disposable income (adjusted for the change in household rights to pension funds). Gross saving is the part of gross disposable income that is not spent in the form of final consumption. Thus, the saving rate increases when gross disposable income grows faster than final consumption expenditure. - Current account balance of payments (billion euro): the balance of payments comprises three main parts: the current account, the capital account and the financial account. The current and capital account balances determine an economy’s exposure to the rest of the world, while the financial account explains how it is financed. A country’s balance of payments gives an overview of the value of all transactions that took place over a given period between residents of the country and non-residents of that country (foreign). - Net lending or net borrowing of the total economy (in billion euros): this is the balance of the capital account (B9) as defined in the European System of Accounts (ESA) (Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union). In case of a surplus (when this balance is positive), one sector has a financing capacity, i.e. the possibility to finance other sectors. If, on the other hand, this balance is negative (deficit), a sector must then borrow from other sectors to ensure its functioning (financing requirement) When calculating the balance, financial transactions in particular are not taken into account; with regard to investment, it is not investment costs that are taken into account but investment expenditure. note: (a) A methodological break occurs between 2006 and 2007 due to changes in sources, as well as between 2007 and 2008 following the transition from BPM5 to BPM6 (Balance of Payments Manual).