Definition: Sector accounts
The sector accounts provide, by institutional sector, a systematic description of the different stages of the economic process: production, generation of income, distribution of income, redistribution of income, use of income and financial and non-financial accumulation. The sector accounts also include balance sheets to describe the stocks of assets, liabilities and net worth at the beginning and the end of the accounting period. Transactions with non-residents are recorded in the "rest of the world" account. The sector accounts thus show the interactions among the different sectors of the resident economy and between the resident economy and the rest of the world.
Eurostat, European system of accounts (ESA 1995), Office for Official Publications of the European Communities, Luxembourg, 1996