Financial statistics of enterprises (quarterly)
Statistical activity code: 20007
Enterprises’ turnover, costs, inventories, investments, number of hours worked, value added, productivity and other ratios by economic activity and number of persons employed
Estonian Classification of Economic Activities (EMTAK 2008) based on NACE Rev. 2
Agriculture, forestry and fishing
Mining and quarrying
Electricity, gas, steam and air conditioning supply
Water supply; sewerage, waste management and remediation activities
Wholesale and retail trade; repair of motor vehicles and motorcycles
Transportation and storage
Accommodation and food service activities
Information and communication
Real estate activities
Professional, scientific and technical activities
Administrative and support service activities
Human health and social work activities
Arts, entertainment and recreation
Other service activities
Costs total – the cost of products, goods and services sold, and other operating expenses. Other (miscellaneous) expenses, financial and extraordinary costs are not included in costs total.
Domestic transport – any traffic within the borders of Estonia.
Economic activity – the main activity of the enterprise by the Estonian Classification of Economic Activities (EMTAK).
Enterprise – an enterprise consists of one or more companies (public limited company, private limited company, limited partnership, general partnership, commercial association) or branches of foreign companies or sole proprietors. Short-term statistics cover only branches of foreign companies with 20 or more persons employed and sole proprietors. Statistical unit is an enterprise.
Information and communications technologies (ICT) manufacturing sector – manufacturing industries, which products are primarily intended to fulfil the function of information processing and communication by electronic means, including transmission and display.
Information and communications technologies (ICT) sector – economic activities, which are primarily intended to fulfil or enable the function of information processing and communication by electronic means, including transmission and display. (The definition of OECD (Organisation for Economic Co-operation and Development) is used in order to guarantee the international comparability of the data.)
Information and communications technologies (ICT) services sector – manufacturing industries, which services are primarily intended to enable the function of information processing and communication by electronic means.
International transport – the origin and/or destination point of passenger or freight transport is outside Estonia.
Investments in tangible fixed assets and investment property – all expenditures on fixed assets, which prolong the service life or increase the productive capacity of capital goods, improve the quality of production or reduce production expenses. Fixed assets refer to assets, which are used in business over a longer period of time, usually for more than a year. Enterprise itself fixes the lower limits of the service life and monetary value of the object of fixed assets and makes the respective entry in the bookkeeping records. Investment property is land and/or buildings held to earn rentals or for capital appreciation or both.
Quarterly average number of employed persons – the total number of persons who work in the enterprise. Employed persons include also the number of working proprietors and their family members, if they work in the enterprise.
Retail sales of goods – reselling of new and second-hand goods by stores, kiosks and stalls to individuals for their private or household consumption. Retail sales do not include sales of durable goods (cars, furniture, consumer electronics, household appliances, etc.) to individuals through leasing enterprises if the leasing enterprise becomes the owner of goods.
Sale of accommodation services – including the cost of providing breakfast and other services if sold together with accommodation.
Sale of catering services – sale of ready-to-eat foodstuff (merchandise and own production) for consumption in the place of sale. Merchandise – goods that purchaser enterprise sells without further processing.
Sale of touring services – travel, transport and accommodation services sold through or directly by travel agencies or tour operators to individuals or business customers, arranging and selling package tours, other travel services, including reservation and booking, tour guide services and tourism promotion activities.
Sales of transport services – net sales revenue received or receivable from passenger or freight transport, incl. leasing out lorries with a driver.
Services paid abroad – the party ordering service is located abroad.
Services paid in Estonia by international traffic; Services paid in Estonia by domestic traffic – the party ordering service is located in Estonia in case of international as well as domestic transport.
Standard output is the monetary value of gross agricultural production at farm-gate price corresponding to the average situation of each agricultural activity which is calculated on the basis of crop area, number of livestock and Standard output coefficients. Standard output does not include VAT, other taxes on products and direct payments.
Subsidies for passenger transport – allocations received from the state or public institutions. Allocations intended for a specific purpose to public transport have been designated in the state budget and local government budgets, which are used for organisation of public regular services.
Turnover (formerly ‟net sales”) – income from sale of all products, goods and services received or to be received, which does not include VAT, excises and turnover from the sale of fixed assets. Turnover is equal with the pay received or to be received and is calculated on a accrual basis accounting. Turnover excludes subsidies.
Wholesale of goods – reselling and mediation of goods to industrial and trade consumers, institutions and organizations, including leasing enterprises. In the mediation of goods, the goods do not belong to the mediator; only commission for services belongs there.
Enterprises, excluding financial and insurance enterprises
List of active enterprises, excluding financial and insurance enterprises. The list is generated from the Business Register for Statistical Purposes.
Estonia as a whole
DIRECTLY APPLICABLE LEGAL ACTS
Regulation (EC) No 2019/2152 of the European Parliament and of the Council of 27 November 2019 on European business statistics, repealing 10 legal acts in the field of business statistics (Text with EEA relevance)
Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (Text with EEA relevance)
OTHER LEGAL ACTS
Commission Implementing Decision of 26 June 2014 on granting derogations to Member States with respect to the transmission of statistics pursuant to Regulation (EU) No 549/2013 of the European Parliament and of the Council concerning the European system of national and regional accounts in the European Union (notified under document C(2014) 4164) (Text with EEA relevance)
Organisation for Economic Co-operation and Development (OECD)
United Nations Organisation (UNO)
The dissemination of data collected for the purpose of producing official statistics is guided by the requirements provided for in § 32, § 34, § 35, § 38 of the Official Statistics Act.
The treatment of confidential data is regulated by the Procedure for Protection of Data Collected and Processed by Statistics Estonia (in Estonian). See more details on the website of Statistics Estonia in the section Õigusaktid.
Notifications about the dissemination of statistics are published in the release calendar, which is available on the website. Every year on 1 October, the release times of the statistical database, news releases, main indicators by IMF SDDS and publications for the following year are announced in the release calendar (in the case of publications – the release month).
All users have been granted equal access to official statistics: dissemination dates of official statistics are announced in advance and no user category (incl. Eurostat, state authorities and mass media) is provided access to official statistics before other users. Official statistics are first published in the statistical database. If there is also a news release, it is published simultaneously with data in the statistical database. Official statistics are available on the website at 8:00 a.m. on the date announced in the release calendar.
The news release “Business” once a quarter. The news release can be viewed on the website of Statistics Estonia in the section Uudiskiri (in Estonian).
Data are published in the statistical database at http://pub.stat.ee under the subject area “Economy / Financial statistics of enterprises / Enterprises' income statement, employment and hours worked / Short term statistics” in the following table:
FS041: Financial data of enterprises by economic activity (EMTAK 2008) and number of persons employed at current prices (quarters),
under the subject area “Economy / Economy / Financial statistics of enterprises / Enterprises' investments in fixed assets, financial leasing / Short term statistics” in the following table:
FS042: Investments in tangible fixed assets of enterprises by economic activity (EMTAK 2008) at current prices (quarters),
under the subject area “Economy / Financial statistics of enterprises / Population, sample and number of respondents. Quality indicators / Short term statistics” in the following table:
FS046: Population, sample and number of respondents by economic activity (EMTAK 2008) (quarters),
under the subject area “Economy / Service activities” in the following table:
SA0114: Sales and expenditure of service enterprises at current prices by economic activity (EMTAK 2008) (quarters),
under the subject area “Economy / Transport / Economic indicators of transport” in the following table:
TC060: Income of transport enterprises by type of transport (quarters),
under the subject area “Economy / Internal trade / Economic indicators of internal trade” in the following tables:
TA0100: Wholesale sales of goods by economic activity (EMTAK 2008) (quarters)
TA0101: Retail sales by economic activity (EMTAK 2008) (quarters)
TA0104: Retail sales by economic activity (EMTAK 2008) and commodity group (quarters)
TA0107: Trade enterprises' assets, liabilities and trade margin by economic activity (EMTAK 2008) (quarters),
under the subject area “Economy / Tourism, accommodation and catering / Economic indicators of tourism, accommodation and catering” in the following tables:
TR410: Sale of accommodation, catering and touring services by type of service (quarters)
TR411: Accommodation, catering and touring services volume index by type of service, previous period = 100 (quarters)
TR412: Accommodation, catering and touring services volume index by type of service, corresponding period of previous year = 100 (quarters),
under the subject area “Economy / Information technology and communications / Information and communication technology sector” in the following tables:
IC51: Economic indicators of information and communication technology (ICT) sector at current prices by number of persons employed (quarters)
IC53: Share of information and communication technology (ICT) sector enterprises in entrepreneurship by economic indicator and number of persons employed (quarters)
The dissemination of data collected for the purpose of producing official statistics is guided by the requirements provided for in § 33, § 34, § 35, § 36, § 38 of the Access to microdata and anonymisation of microdata are regulated by Statistics Estonia’s procedure for dissemination of confidential data for scientific purposes.
Data serve as input for statistical activities 20103 “Construction volume indices“, 20401 “Construction price Index”, 20413 “Service producer price index”, 20901 “Business register for statistical purposes”, 21405 “National accounts (quarterly)”, 21603 “Trade volume indices” and 21207 “Economic accounts for agriculture”.
Methodology of short-term business statistics. Interpretation and guidelines, Eurostat (2006)
Data on the quality of the population, sample and respondents are published in the Statistical Database under subject area: “Economy/Financial statistics of enterprises”.
To assure the quality of processes and products, Statistics Estonia applies the EFQM Excellence Model, the European Statistics Code of Practice and the Quality Assurance Framework of the European Statistical System (ESS QAF). Statistics Estonia is also guided by the requirements in § 7. “Principles and quality criteria of producing official statistics” of the Official Statistics Act.
Statistics Estonia performs all statistical activities according to an international model (Generic Statistical Business Process Model – GSBPM). According to the GSBPM, the final phase of statistical activities is overall evaluation using information gathered in each phase or sub-process; this information can take many forms, including feedback from users, process metadata, system metrics and suggestions from employees. This information is used to prepare the evaluation report which outlines all the quality problems related to the specific statistical activity and serves as input for improvement actions.
Ministry of Economic Affairs and Communications
Ministry of Rural Affairs
Ministry of the Environment
Eesti Pank (central bank of Estonia)
Users’ suggestions and information about taking these into account are available on the website of Statistics Estonia at http://www.stat.ee/statistikatood.
Since 1996, Statistics Estonia has conducted reputation and user satisfaction surveys. All results are available on the website of Statistics Estonia in the section User surveys.
In compliance with the rules (regulations)
The data are comparable with the data of other European Union countries because common methodology, concepts and definitions on short-term statistics are used.
Time series based on the common methodology start with the year 1998.
In 2008, a new version of the Statistical Classification of Economic Activities in the European Community (NACE Rev. 2) was adopted in the European Union. It is the basis for Estonian Classification of Economic Activities 2008 (EMTAK 2008)).
The data are comparable over time. Due to the elaboration of the definition of the enterprise since 2018, there may be a redistribution of indicators between economic activities (legal entities belonging to the group may be consolidated into one enterprise).
The data serve as a basis for 21405 “National accounts (quarterly)”. The enterprise sector contributes ca 70% of the GDP.
The quarterly data of enterprises are comparable to the same annual indicators of the statistical activity 20300 “Financial statistics of enterprises (annual)”.
The internal consistency of the data is ensured by the use of a common methodology for data collection and data aggregation.
The data revision policy and notification of corrections are described in the section Principles of dissemination of official statistics of the website of Statistics Estonia.
The published data may be revised if the methodology is modified, errors are discovered, new or better data become available or when the data for the following quarter are available.
Total population is 100,300 objects. The sample includes 10,600 objects.
All enterprises with 20 or more persons employed, with standard output at least 500,000 euros (agriculture) and those belonging to the small stratums are surveyed. For enterprises with less than 20 persons employed, simple random sampling by the number of persons employed and economic activity is applied.
Data on the following tax returns are received from the Estonian Tax and Customs Board: value added tax return (form KMD); declaration of income and social tax, unemployment insurance premiums and contributions to mandatory funded pension (form TSD); payments made to resident natural persons, withheld income tax, unemployment insurance premiums and contributions to mandatory funded pension, calculated social tax and contributions to funded pension calculated on parental benefits (form TSD, Annex 1); payments made to non-resident natural persons, withheld income tax, unemployment insurance premiums and calculated social tax (form TSD, Annex 2).
DATA FROM OTHER STATISTICAL ACTIVITIES
Data are collected and the submission of questionnaires is monitored through eSTAT (the web channel for electronic data submission). The questionnaires have been designed for independent completion in eSTAT and include instructions and controls. The questionnaires and information about data submission are available on the website of Statistics Estonia in the section Questionnaires.
Data are collected with the quarterly official statistics questionnaire “Economic activity”.
The data from the Tax and Customs Board are received via X-Road and an FTP-server.
Arithmetic and qualitative controls are used in the validation process, including comparison with other data.
In the case of missing or unreliable data, estimate imputation based on established regulations will be used. The data of the enterprises that did not submit the questionnaire are replaced by the respective average of responded similar enterprises.
Variables and statistical units which were not collected but which are necessary for producing the output are calculated. New variables are calculated by applying arithmetic conversion to already existing variables. This may be done repeatedly, the derived variable may, in turn, be based on previously derived new variables.
For statistical units weights are calculated, which are used to expand the data of the sample survey to the total population.
Microdata are aggregated to the level necessary for analysis. This includes aggregating the data according to the classification, and calculating various statistical measures, e.g. average, median, dispersion, etc.
The collected data are converted into statistical output. This includes calculating additional indicators.
The series of sales revenue and labour cost are adjusted. Time series are seasonally adjusted and trend-cycle is estimated.
Since 2016 the statistical activities 20005 “Quarterly economic indicators of service enterprises”, 20006 “Quarterly economic indicators of industrial enterprises”, 20101 “Quarterly economic indicators of construction enterprises”, 20504 “Quarterly accounts of information and communication technology sector”, 21602 “Quarterly economic indicators of trade enterprises”, 22019 “Quarterly economic indicators of transport enterprises” and 22106 “Quarterly economic indicators of tourism and accommodation” are merged with the activity 20007 “Financial statistics of enterprises (quarterly)”.
With the listed statistical activities, the indicators of enterprises of selected economic activities were compiled to be published as a separate table.
Since 2018 is merged statistical activity 20004 “Financial statistics of agricultural, forestry and fishing enterprises (quarterly)”.