Term:
Allocation of primary income account – SNA
Definition:
The allocation of primary income account focuses on resident institutional units or sectors in their capacity as recipients of primary incomes rather than as producers whose activities generate primary incomes; it lists two kinds of income under “resources”:
(a) primary incomes already recorded in the generation of income account that are receivable by resident institutional units, and
(b) property incomes receivable from the ownership of financial or tangible non-produced assets (mainly land or sub-soil assets).
Domain:
Economics & National Accounts
Source:
SNA 7.12 and 7.13