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OECD-Eurostat Expert Meeting on Trade in Services Statistics

OECD-Eurostat Expert Meeting on Trade in Services Statistics. Eurostat: Metadata, data production and publication Item 20a. NewCronos. The main event in 2004, regarding the publication policy, was the availability from October 2004 of Eurostat’s statistics on the web free of charge .

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OECD-Eurostat Expert Meeting on Trade in Services Statistics

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  1. OECD-Eurostat Expert Meeting on Trade in Services Statistics Eurostat:Metadata, data production and publication Item 20a OECD-Eurostat Expert Meeting

  2. NewCronos • The main event in 2004, regarding the publication policy, was the availability from October 2004 of Eurostat’s 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 OECD-Eurostat Expert Meeting

  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 OECD-Eurostat Expert Meeting

  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. OECD-Eurostat Expert Meeting

  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. OECD-Eurostat Expert Meeting

  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. OECD-Eurostat Expert Meeting

  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 OECD-Eurostat Expert Meeting

  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. OECD-Eurostat Expert Meeting

  9. Metadata - SDDS .Base page • Data • Access by the public • Integrity • Quality • Dissemination formats OECD-Eurostat Expert Meeting

  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 OECD-Eurostat Expert Meeting

  11. Thank you for your attention OECD-Eurostat Expert Meeting

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