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Household Balance Sheet South Africa

Household Balance Sheet South Africa. 25 October 2011. Outline of presentation. Background Definition of household sector Household assets and liabilities Balance sheet of household sector Source data Trends and composition of household sector assets

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Household Balance Sheet South Africa

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  1. Household Balance Sheet South Africa 25 October 2011

  2. Outline of presentation Background Definition of household sector Household assets and liabilities Balance sheet of household sector Source data Trends and composition of household sector assets Trends and composition of household sector liabilities Household sector net worth Way forward 2

  3. Background Balance sheets aggregates estimated quarterly Research to improve household balance sheet ongoing Limited information published to date i.e. debt-to-disposable-income ratio and wealth-to-disposable-income ratio 3

  4. Household sector • The household sector consists of all resident households, unincorporated enterprises owned by households and non-profit institutions serving households (S.14 and S.15) 4

  5. Household non-financial assets • Dwellings • Other buildings and structures • Machinery and equipment • Cultivated assets • Inventories • Land • Memorandum item: Consumer durables 5

  6. Household financial assets • Currency and deposits • Securities other than shares • Shares and other equity • Insurance and technical reserves • Other accounts 6

  7. Household liabilities • Consumer credit • Personal loans • Instalment sale and leasing finance • Open accounts • Debt with local authorities • Mortgage advances • Securitisation • Non-incorporated credit 7

  8. Balance sheet of household sector R billions - end 2010* * Preliminary 8

  9. Source data - household balance sheet • South African Reserve Bank Surveys • Statistics South Africa Surveys • National Department of Agriculture • National Credit Regulator • National Treasury • Other 9

  10. Trends and composition of household sector assets 10

  11. Household assets R trillions 11

  12. Breakdown of household assets – year end 12

  13. Selected assets of the household sector Percentage change over four quarters 13

  14. Trends and composition of household sector liabilities 14

  15. Household debt R trillions 15

  16. Household debt Percentage change over four quarters 16

  17. Breakdown of household liabilities - year end 17

  18. Household debt ratio Percentage of annualised household disposable income Seasonally adjusted 18

  19. Household debt service ratio Financing cost of debt as percentage of annualised disposable income Seasonally adjusted 19

  20. Household sector net worth 20

  21. Household net worth R trillions 21

  22. Household net worth Percentage change over four quarters 22

  23. Ratio of household net worth to disposable income Per cent Seasonally adjusted 23

  24. Way forward • Publication of household balance sheet aggregates • National household financial well-being survey • Balance sheets for all institutional sectors • 2008 SNA 24

  25. Thank You Economist Research Department South African Reserve Bank Karen.Kuhn2@resbank.co.za +27 12 313 4318 www.reservebank.co.za

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