Accounting for Wealth in the Czech Republic

Abstract

We often meet with the analysis of household final consumption expenditure, less frequently with analyzes of household wealth. Both categories are important for the characterization of the standard of living, both are provided by the system of national accounts, but each of them is quite a different phenomenon. Household wealth comes, besides capital transfers and other changes, mainly from accumulated part of disposable income not used for current expenditure on fi nal consumption.

Keywords

• Gross domestic product
• savings
• national wealth
• assets
• liabilities
• households