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Consumption of fixed capital: the reduction in value of fixed assets used in production during the accounting period resulting from physical deterioration, normal obsolescence or normal accidental damage.

Defined benefit pension plans: pension plans in which the level of pension benefits promised to participating employees is guaranteed; benefits are related by a formula to a participant’s length of service and salary and are not totally dependent on either the participant’s contributions or the assets in the fund.

Euro area: the area comprising those EU Member States (Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain) in which the euro has been adopted as the single currency in accordance with the Treaty on European Union and in which a single monetary policy is conducted by the European Central Bank.

European System of Accounts 1995 (ESA 95): the application of the SNA 93 to the European Union and its Member States.

Non-profit institutions (NPIs): legal or social entities created for the purpose of producing goods and services whose status does not permit them to be a source of income, profit or other financial gain for the units that establish, control or finance them.

Non-profit institutions serving households (NPISH): NPIs which are not predominantly financed and controlled by government and which provide goods or services to households free or at prices that are not economically significant.

System of National Accounts 1993 (SNA 93): a coherent, consistent and integrated set of macroeconomic accounts, balance sheets and tables based on a set of internationally agreed concepts, classifications and accounting rules.


Previous issues of Statistics Brief www.oecd.org/statistics

No. 1, October 2001 – Trade in Goods and Services: Statistical Trends and Measurement Challenges

No. 2, February 2002 – Creation of the Euro Area: Implications for Economic Statistics

No. 3, March 2002 – Purchasing Power Parities – Measurement and Uses

No. 4, June 2002 – Measuring Student Knowledge and Skills: The PISA 2000 Experience

No. 5, November 2002 – Measuring the Non-observed Economy

No. 6, October 2003 – Measuring Regional Economies

No. 7, December 2003 – Comparing Growth in GDP and Labour Productivity: Measurement Issues

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