Eurostat-OECD Compilation guide on land estimations
The repercussions of the 2007–2008 financial crisis have acted as an impetus to improve
the quality and availability of statistical information. One such initiative addresses
the importance of compiling a complete accounting of a nation’s wealth, and especially
the wealth of households. This is of particular importance in view of the housing
market’s role in the financial crisis in several countries.
The most valuable item on the households’ balance sheet is usually housing wealth
which is composed of the value of the dwelling and its underlying land. Many countries
experience difficulties in valuing land and in particular separating the value of
the land from the value of the structure. To assist countries, the Eurostat-OECD compilation
guide on land estimation represents the first comprehensive overview of conceptual
and practical issues related to the compilation of the balance sheet item land in
the national accounts, in total and by institutional sector.
The Eurostat-OECD compilation guide on land estimation was prepared by the Task Force
on Land and other non-financial assets under the joint leadership of Eurostat and
the OECD. Representatives from various European Union (EU) and non-EU OECD countries
were represented as well as the European Central Bank.
Published on July 03, 2015