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Some background information about official statistics in the European Union (EU)

Some background information about official statistics in the European Union (EU). Martin Eiglsperger European Central Bank – DG Statistics*. The 2008 World Congress on National Accounts and Economic Performance Measures for Nations Washington D.C., 12-17 May 2008.

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Some background information about official statistics in the European Union (EU)

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  1. Some background informationabout official statistics in the European Union (EU) Martin Eiglsperger European Central Bank – DG Statistics* The 2008 World Congress on National Accounts and Economic Performance Measures for Nations Washington D.C., 12-17 May 2008 * The views expressed in this presentation are those of the author and do not necessarily reflect the views of the European Central Bank

  2. 1 Official statistics in the EU (1) • Produced by • The European Commission, i.e. Eurostat, the Statistical Office of the European Communities • The European Central Bank (ECB) • Memorandum of Understanding • European Statistical System (ESS): Eurostat and the national statistical institutes of the EU • European System of Central Banks (ESCB): The ECB and the National Central Banks (NCBs) of the euro area and the EU

  3. 2 Official statistics in the EU (2) Three prominent examples: • Statistics produced by the Eurostat and the ESS: Harmonised Indices of Consumer Prices • Statistics produced by the ECB and the ESCB: Monetary aggregates • Balance of payments statistics (b.o.p): • ECB: compiles b.o.p. for the euro area • Eurostat: focuses on aggregates for the European Union

  4. 3 Official vs. non-official statistics Relevant for the ECB are in particular: • Non-official statistics: typically timelier and more forward-looking • Official statistics: • Impartiality • International statistical standards (data and metadata) • Well-established system of production and further development; involvement of main users, e.g. the ECB, in working groups, steering groups, committees etc.

  5. 4 Eurostat approach to statistical quality Focuses on statistical outputs (Giovannini, OECD): • Relevance • Accuracy • Comparability • Coherence • Timeliness and punctuality • Accessibility and clarity

  6. 5 ECB Statistics Quality Framework • The ECB Statistics Quality Framework (SQF) combines the principles of good governance and quality of processes and outputs (similar to the IMF approach) • Sets forth the main quality principles and elements guiding the production of ECB statistics → internal processes + coordination with NCBs • Addressees: • Users of ECB statistics • Data providers • ECB staff working on statistics

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