Distributional accounts on the wealth of Italian families: new quarterly statistics from the Bank of Italy

News Financial services Italian Reports

Date: 8th Jan, 2024 Source: Bank of Italy Country: Italy Original Source

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Title: Banca d'Italia Publishes Experimental Quarterly Distributional Wealth Accounts (DWA)

Summary:

The Banca d'Italia has published its first experimental quarterly Distributional Wealth Accounts (DWA), providing statistics on the distribution of wealth among Italian families. The DWA data is compiled using a methodology agreed upon at the European level, combining data from the Household Finance and Consumption Survey (HFCS) with national accounting aggregates. This new publication will be released quarterly, approximately five months after the close of the reference quarter. The DWA statistics aim to offer insights into the distribution of wealth among Italian families, providing a valuable tool for policymakers and researchers.

La Banca d’Italia pubblica per la prima volta le statistiche sperimentali trimestrali sui conti distributivi sulla ricchezza delle famiglie italiane (Distributional Wealth Accounts, DWA), in contemporanea con l’uscita dei dati sull’area dell’euro prodotti dalla Banca Centrale Europea.

Le statistiche sui conti distributivi offrono informazioni sulla distribuzione della ricchezza delle famiglie italiane e sono compilate dalla Banca d’Italia utilizzando una metodologia concordata a livello europeo che si basa su ipotesi largamente impiegate nella letteratura scientifica. Questa metodologia combina i dati campionari dell’Household Finance and Consumption Survey (HFCS) – l’indagine armonizzata sui bilanci delle famiglie dei paesi dell’area dell’euro – con gli aggregati di contabilità nazionale.

La nuova pubblicazione avrà frequenza trimestrale e verrà rilasciata circa cinque mesi dopo la chiusura del trimestre di riferimento.

Highlights content goes here...

Summary:

The Bank of Italy has released experimental quarterly statistics on distributional wealth accounts (DWA) for Italian families, coinciding with the release of euro area data from the European Central Bank. The DWA statistics provide information on the distribution of wealth among Italian families and are compiled by the Bank of Italy using a method agreed upon at the European level, which is based on widely used assumptions in scientific literature. This methodology combines sample data from the Household Finance and Consumption Survey (HFCS) with national accounting aggregates. The new publication will have a quarterly frequency and will be released approximately five months after the close of the reference quarter.

Main Points:

The Bank of Italy has released experimental quarterly statistics on distributional wealth accounts (DWA) for Italian families.
The DWA statistics provide information on the distribution of wealth among Italian families.
The statistics are compiled using a method agreed upon at the European level, which is based on widely used assumptions in scientific literature.
The methodology combines sample data from the Household Finance and Consumption Survey (HFCS) with national accounting aggregates.
The new publication will have a quarterly frequency and will be released approximately five months after the close of the reference quarter.

Key Quotes:

The release of DWA statistics will provide new insights into the distribution of wealth among Italian families.
The methodology used to compile the statistics is based on widely used assumptions in scientific literature.
The quarterly frequency of the publication will provide timely information on changes in the distribution of wealth among Italian families.

Relevant Information:

The Bank of Italy has released experimental quarterly statistics on distributional wealth accounts (DWA) for Italian families.
The DWA statistics provide information on the distribution of wealth among Italian families.
The statistics are compiled using a method agreed upon at the European level, which is based on widely used assumptions in scientific literature.
The methodology combines sample data from the Household Finance and Consumption Survey (HFCS) with national accounting aggregates.
* The new publication will have a quarterly frequency and will be released approximately five months after the close of the reference quarter.

Bank of Italy

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Distributional accounts on the wealth of Italian families: new quarterly statistics from the Bank of Italy

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