Components of Current Account of Household Sector

11 - Compensation of employees

Compensation of employees' refers to the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done by the latter during the accounting period. Compensation of employees is recorded on an accrual basis; that is, it is measured by the value of the remuneration in cash or in kind that an employee becomes entitled to receive from an employer in respect of work done during the relevant period, whether paid in advance, simultaneously or in arrears of the work itself. In the production account, compensation of employees is the cost of labour services.

12 - Net mixed income

'Net mixed income' refers to gross mixed income less consumption of fixed capital: unincorporated businesses.

13 - Net property income

14 - Primary household income

Compensation of employees plus net mixed income plus net property income equals primary household income.

15 - Current transfers received

16 - Current transfers paid

17 - Household disposable income

Primary household income plus current transfers received less currents transfers paid equals household disposable income.

18 - Household final consumption expenditure

19 - Household net saving

Household disposable income less household final consumption expenditure equals household net saving.

21 - Household saving rate (percent)