OECD-Eurostat Expert Meeting on Trade in Services Statistics

1
OECD-Eurostat Expert Meeting on Trade in Services
Statistics

• EurostatMetadata, data production and
  publication
• Item 20a

2
NewCronos

• The main event in 2004, regarding the
  publication policy, was the availability from
  October 2004 of Eurostats statistics on the web
  free of charge.
• It focuses on Internet distribution of data and
  metadata.
• All data collections of Eurostat database -
  NewCronos (with approx 3 million cells) and
  Cometex (external trade data) have been added to
  the free dissemination.
• data documentation (metadata) as well as a
  uniform documentation structure are also
  available.
• The Special data dissemination standard (SDDS)
  has been used as format.
• Eurostat Homepage http//epp.eurostat.cec.eu.int

3
BoP Database

• Balance of payments data are represented by 5
  collections with the corresponding metadata in
  SDDS format
• Economy and finance
• Balance of payments - International transactions
  
• Balance of payments statistics
• International trade in services, geographical
  breakdown of the current account
• European Union direct investments
• European Union Foreign Affiliates Statistics
  (outward FATS)
• Balance of payments of the EU institutions

4
Quarterly BoP / Euroindicators

• The quarterly EU balance of payments and Euro
  indicators data are published regularly in
  co-ordination with the ECB.
• The quarterly news releases include both data
  sources and are simultaneously (the same day)
  published by both institutions.
• The quarterly news release has been redesigned
  to cope with EU25.
• Consistency between annual and quarterly BoP
  figures has been achieved for almost all Member
  States.

5
Trade in Services

• Detailed 2003 data on International Trade in
  Services were put in the New Cronos database in
  February 2005.
• A "Statistics in Focus" analysing EU ITS in 2003
  was released in May 2005.
• The publication EU International Transactions
  1993-2003 was produced in July 2004.
• Preliminary annual 2004 results for the EU
  current account were presented in a "Statistics
  in Focus" published in July 2005.

6
Foreign direct investment

• Detailed EU-15 and EU-25 data on FDI covering
  2001-2003 were published in New Cronos at
  end-December 2004.
• 2002 data by kind of activity were published at
  end of February 2005.
• These results were presented in a Statistics in
  Focus published in July 2005.
• EU25 FDI with extra-EU (preliminary results) for
  2004 was published in July 2005 through a news
  release.
• Statistics in Focus containing these results
  will be published in October 2005.
• The publications FDI Yearbook will also be
  ready by October 2005.

7
FATS - outward

• Outward FATS data are available since July 2005.
• At present data on employment and turnover for 8
  Member States are available
• Data for reference year 2003 will be published
  by end of 2005
• Two  Statistics in Focus  are planned for
  coming months
• Sales and employment of affiliates abroad
• Relationship between FATS indicatots and FDI
  stock figures

8
EU Institutions

• The production infrastructure for balance of
  payments of the EU Institutions has been improved
  significantly.
• BOP 2002 and 2003 data have been included in New
  Cronos in February 2005.
• Data for 2004 should be ready by December 2005.
• Moreover, Eurostat is working on a consistent
  set of BoP EUI quarterly data for years 1999-2003
  with maximum geographical breakdown.

9
Metadata - SDDS

• .Base page
• Data
• Access by the public
• Integrity
• Quality
• Dissemination formats

10
Metadata Summary methodology

• International trade in services
• Foreign direct investment
• BoP of European Institutions
• EU foreign affiliates statistics
• Concepts, definitions and classifications
• Scope / coverage of data
• Accounting conventions
• Nature of the basic data
• Compilation practices
• Other aspects

11
Thank you for your attention