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

This article provides an overview of official statistics in the European Union (EU), including the organizations involved, prominent examples, and the distinction between official and non-official statistics. It also discusses the Eurostat and ECB approaches to statistical quality and the ECB Statistics Quality Framework.

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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 Statistical System (ESS), i.e. Eurostat (the Statistical Office of the European Communities) and the national statistical institutes of the EU • the European System of Central Banks (ESCB), i.e. the European Central Bank (ECB) and the national central banks of the euro area (=Eurosystem) + national central banks of EU countries not participating in the Monetary Union • Memorandum of Understanding

  3. 2 Official statistics in the EU (2) Three prominent examples: • Statistics produced by Eurostat and the ESS: Harmonised Indices of Consumer Prices • Statistics produced by the ECB and the Eurosystem/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: • Official statistics: • Impartiality • International statistical standards • Well-established system of production and further development; involvement of main users, e.g. the ECB, in working groups, steering groups, committees etc. • Comparability across countries • Non-official statistics:in particular opinion surveys; often more timely

  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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