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3. Net lending (+) /net borrowing (-), by sub-sector - current prices, million units of national currency

Net lending (+) /net borrowing (-), by sub-sector - current prices, million units of national currency

The net lending/net borrowing of the domestic sectors in the ESA is conceptually the same as the value of net lending/net borrowing in the international accounts. This is because all the resident-to-resident flows cancel out. It is also equal to the opposite of net lending/net borrowing of the rest of the world sector in the ESA. The net lending (+) or borrowing (–) of the total economy is the sum of the net lending or borrowing of the institutional sectors. It represents the net resources that the total economy makes available to the rest of the world (if it is positive) or receives from the rest of the world (if it is negative). The net lending (+) or borrowing (–) of the total economy is equal but of opposite sign to the net borrowing (–) or lending (+) of the rest of the world. The indicator is based on the national accounts data reported to Eurostat by the EU Member States.