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
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.
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.
A classification system aims to organize and catalog economic activities according to their nature and type.
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
Acronym for Net Change in Financial Assets, which is the difference between allocations and sales of financial assets.
Acronym for Net Change in Liabilities, which is the difference between issued liabilities and those that have been amortized or repaid.
Narrowly Defined Effective Rate
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.
Classification of the institutional units that make up an economy into different sectors.
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.
Result generated by the company in its typical or recurring operations.
Acronym for newly industrialized country. The countries that make up this group are: South Korea, Hong Kong, Singapore, and Taiwan.
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.
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.
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.
Economic agents engaged in the (market) production and trade of non-financial goods and services.
Financial assets that constitute rights of policyholders against non-life insurance companies in the form of unearned premiums paid and claims expenses.
Subsector of the economy consisting of all collective investment schemes, except those classified in the ‘money market funds’ subsector.
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.
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.
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.
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