Friday, September 20, 2024
Lesetja Kganyago Governor at South African Reserve Bank | Official Website

State of household finances in South Africa

The Integrated Economic Accounts (IEA), as prescribed by the System of National Accounts 2008 (2008 SNA), provide a comprehensive view of the accounts for the total economy, including balance sheets. This framework allows for the principal economic relations and main aggregates to be displayed over a specified period. The IEA consists of three distinct macroeconomic accounts: the current and capital account (CURCAP), the non-financial balance sheet and accumulation account (NFBSAA), and the financial balance sheet and accumulation account (FBSAA). These accounts can also be categorized into four main domestic institutional sectors along with the rest of the world (ROW).

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