compensation paid by general government or the rest of the world (i.e. from abroad and/or by the institutions of the European Union) to the owners of fixed capital goods engaged in the production of agricultural products, as a result of exceptional and catastrophic losses such as the destruction of or damage to these goods caused by acts of war, other political events or natural disasters (cf. 2.045).

In the production approach installation of equipment abroad which satisfies the one-year rule of ESA 79 counts as output of the ROW in ESA 79 but as domestic production under ESA 95 rules.

The total real income of residents is influenced not only by this volume of production but also by the rate at which exports can be traded against imports from the rest of the world.

In contrast, construction activity in the ROW constituting gross fixed capital formation carried out by resident producers which does not satisfy the one-year rule of ESA 79 is recorded as output of the domestic economy under ESA 79 rules but as output of the ROW under ESA 95 rules.

industries), different sub-accounts record the transactions or other flows which are connected to some specific aspect of economic life (for instance, production).

In the case of construction activities in the rest of the world constituting gross fixed-capital formation, the output is recorded in the territory where the construction takes place.

The output of life insurance services should be distributed between the household sector and the rest of the world in proportion to premiums payable by resident and non-resident households.

- compensation paid by general government or the rest of the world (i.e. from abroad and/or by the institutions of the European Union) to the owners of fixed capital goods engaged in the production of agricultural products, as a result of exceptional and catastrophic losses such as the destruction of or damage to these goods caused by acts of war, other political events or natural disasters (cf. 2.045).

In contrast, in the SNA these transactions are explained in seven chapters arranged by account, e. g. chapters on the production account, the primary distribution of income account, the capital account and the Rest of the World account;

The rental value of owner-occupied dwellings abroad, e. g. holiday homes, should not be recorded as part of domestic production, but imports of services and the corresponding net operating surplus as primary income received from the rest of the world.

(6)Matrices, blocks, plates, moulds and similar articles, on loan or hire, to be used in the manufacture of articles that are to be delivered abroad.

In the case of construction activites in the rest of the world constituting gross fixed-capital formation, the output is recorded in the territory where the construction takes place.

compensation paid by general government or the rest of the world (i.e. from abroad and/or by the institutions of the European Union) to the owners of fixed capital goods engaged in the production of agricultural products, as a result of exceptional and catastrophic losses such as the destruction of or damage to these goods caused by acts of war, other political events or natural disasters (cf. 2.045).

For the purpose of the implementation of Article 1 of Directive 89/130/EEC, Euratom, the following points aim to clarify the principles for the estimation of output, intermediate consumption and transactions with the rest of the world, regarding dwelling services.