Statistics glossary

The concepts that begin with the selected letter along with their definition are listed below. Click "Further information" to be directed to the page where detailed information about the concept is located. You can use the links above if you want to change the start letter.

N

  • NACE

    See National Classification of Economic Activities

  • National Accounts of Spain

    The National Accounts of Spain is an annual synthesis statistic that provides the main aggregates of the national economy (GDP, national income, and employment) resulting from the system of national accounts.

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  • National central banks

    National central banks have their own legal personality, according to the national legislation of their respective countries. The national central banks of the euro area are part of the Eurosystem and, as such, perform the functions assigned to them in accordance with the rules established by the European Central Bank. They may autonomously perform other functions outside the Eurosystem, provided that the Governing Council considers that they do not interfere with the tasks and objectives of the Eurosystem.

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  • National Classification of Economic Activities

    A classification system aims to organize and catalog economic activities according to their nature and type.

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  • National economy

    From the perspective of the sectorisation of an economy, the ‘national economy’ sector includes: non-financial corporations, financial institutions, Public Administrations, households, and non-profit institutions serving households

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  • NCA

    Acronym for Net Change in Financial Assets, which is the difference between allocations and sales of financial assets.

  • NCB

    See National central banks

  • NCL

    Acronym for Net Change in Liabilities, which is the difference between issued liabilities and those that have been amortized or repaid.

  • NDER

    Narrowly Defined Effective Rate

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  • Net external assets of Monetary Financial Institutions in the euro area

    External assets of monetary financial institutions (MFI) resident in the euro area vis-à-vis non-residents in the area, minus their liabilities to residents outside the area.

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  • Net financial wealth

    Classification of the institutional units that make up an economy into different sectors.

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  • Net lending or borrowing of the economy

    It is the excess of credits over current and capital payments (net lending) or the excess of debits over income (net borrowing) of the economy in relation to the rest of the world.

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  • Net ordinary result (NOR)

    Result generated by the company in its typical or recurring operations.

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  • NIC

    Acronym for newly industrialized country. The countries that make up this group are: South Korea, Hong Kong, Singapore, and Taiwan.

  • NMFI

    See Non-Monetary Financial Institutions

  • Nominal interest rate

    The nominal interest rate establishes the amount that will be added to the principal as a cost or return on any form of debt or savings. It is commonly expressed as a percentage, refers to a specific period of time, and is applied to the amount loaned or deposited.

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  • Nominal value

    The nominal value of a debt security refers to the outstanding amount the debtor owes to the creditor, which comprises the outstanding principal amount including any accrued interest.

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  • Non Performing Loans

    Doubtful loans are loans in relation to which there is reasonable doubt regarding full repayment (of principal and interest) in accordance with the contractual terms. They include bad loans, which are those in respect of which some amount of principal, interest or contractually agreed expense is more than three months past-due.

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  • Non-financial corporations

    Economic agents engaged in the (market) production and trade of non-financial goods and services.

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  • Non-life insurance technical reserves

    Financial assets that constitute rights of policyholders against non-life insurance companies in the form of unearned premiums paid and claims expenses.

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  • Non-MMF investment funds

    Subsector of the economy consisting of all collective investment schemes, except those classified in the ‘money market funds’ subsector.

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  • Non-Monetary Financial Institutions

    Institutional grouping that includes those financial institutions not considered money creators. Their main economic function is to channel or help channel funds from savings-holding entities to entities that need funds to invest, but which are not authorised to receive deposits or do not receive close substitutes for deposits.

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  • Non-profit institutions serving households

    Private institutional units which are separate legal entities, serve households and are non-market producers. Their principal resources are voluntary contributions from households and from payments made by general governments. Examples include trade unions, churches, sports clubs, political parties and charities.

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  • Non-Real Estate Investment Funds

    Collective investment institutions that invest in financial assets. Depending on the maturity period of their assetss, they are divided into money market and non-MMF investment funds, with the latter further classified according to their investment focus into: bond funds, equity funds, mixed funds, hedge funds, and other funds.

    Further information

  • NPISH

    See Non-profit institutions serving households

  • NREIF

    See Non-Real Estate Investment Funds

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