Financial corporations produce services for the market; their primary activity is dealing with financial instruments. Some of the most important financial instruments include currency, loans, shares and bonds although there are many others.
The main kinds of financial corporations are banks, building societies, securities dealers, insurance corporations and pension funds.
The United Kingdom National Accounts: The Blue Book 2013 presents estimates for the financial corporation sector and sub-sector breakdowns for:
· monetary financial institutions,
· other financial intermediaries and financial auxiliaries,
· insurance corporations and pension funds.
Further information on sector classifications and classification decisions can be found in the National Account Classification section of the Office for National Statistics website.
Between 2002 and 2009, gross operating surplus (GOS) of financial corporations increased from £22.8 billion in 2002 to £74.1 billion in 2009. In 2012 GOS of financial corporations was £39.8 billion; a fall of £13.9 billion (25.9%) since 2011 and a fall of £34.4 billion (46.3%) since the peak in 2009.
Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: firstname.lastname@example.org
These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.
Excel versions of Chapter 04 tables