Term:
Changes in net worth
Definition:
There are:
- Changes in net worth due to nominal holding gains or losses
- Changes in net worth due to saving and capital transfers
changes in net worth due to nominal holding gains or losses. It is defined as the algebraic sum of the positive or negative nominal holding gains on all the assets and liabilities of an institutional unit.
The total of the entries on the right-hand side of the account is explicitly shown and described as changes in net worth due to saving and capital transfers. It is not a balancing item. Changes in net worth due to saving and capital transfers represent the positive or negative amount available to the unit or sector for the acquisition of nonfinancial and financial assets.
Domain:
Economics & National Accounts
Source:
SNA, 2008, 12.77 and 10.21