Financial statistics of financial service activities and activities auxiliary to financial services (annual)

Statistics Estonia

Economic and Environmental Statistics Department

Egle Loorits

Analyst

20 Narva Rd., 51009 Tartu, Estonia

egle.loorits [at] stat.ee

+372 625 9300

10/02/2023

10/02/2023

Accounts of financial intermediaries and financial auxiliaries: financial income and expenses, changes in fixed assets, changes in intagible assets, investment properties

Estonian Classification of Economic Activities (EMTAK 2008) based on NACE Rev. 2

Financial sector

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. Statistical unit is an enterprise.

Financial intermediation – an activity in which an enterprise acquires financial assets and at the same time incurs liabilities on its own account by engaging in financial transactions on the market.

Enterprise

Companies whose main activity is financial activities, excluding Eesti Pank, credit institutions and insurance companies

FRAME

List of companies whose main activity is financial service activities and auxiliary financial activities, excluding Eesti Pank, credit institutions and insurance companies. The list is generated from the Business Register for Statistical Purpose.

Estonia as a whole

2003–…

Not applicable

Financial data – euro

Year

DIRECTLY APPLICABLE LEGAL ACTS

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)

Regulation (EC) No 716/2007 of the European Parliament and of the Council of 20 June 2007 on Community statistics on the structure and activity of foreign affiliates

OTHER LEGAL ACTS

Not available

OTHER AGREEMENTS

Not available

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).

Calendar

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.

Annual

Not published

Not published

Not published

Not applicable

Data serve as input for statistical activities 21401 “National accounts (annual)”, 21405 “National accounts (quarterly)”.

European System of Accounts 2010 (ESA 2010)

http://ec.europa.eu/eurostat/web/esa-2010

Not available

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.

Data are collected and processed on the basis of ESA 2010 methodology. Time-series data are organised and appropriately maintained.

Ministry of Economic Affairs and Communications

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.

Accounting of the financial sector corresponds to the requirements of ESA 2010.

Due to under-coverage, expert assessments may be used.

Not applicable

Not measured

Data are not published by Statistics Estonia. The data are submitted to Eurostat 10 months after the end of the reference year.

The data are submitted on time.

The data are comparable with the data of other European Union countries because common methodology, concepts and definitions are used.

Time series based on the common methodology start from 2003.

As of 2018, interest income/expenditure and dividend income/expenditure are collected by the statistical activity 21301 “Financial statistics of financial service activities and activities auxiliary to financial services (quarterly)”.

Not applicable

Not applicable

Total time of filling in reports of the statistical activity, hours: 41

Average time of filling in the reports, hours per report:

Finantsvahendus ja finantsvahenduse abitegevus 1

(data for 2022)

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.

Not applied

SURVEY DATA

The population includes 1,239 objects. The sample includes 430 objects.

All organisations with 10 and more employees and political organisations are surveyed. For other organisations stratified simple random sampling by activity is applied.

ADMINISTRATIVE DATA

Not used

DATA FROM OTHER STATISTICAL ACTIVITIES

Not used

Annual

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 annual statistical questionnaire “Financial statistics of financial service activities and activities auxiliary to financial services”.

Arithmetic and qualitative controls are used in the validation process, including comparison with the data of previous periods and other surveys.

In case of missing or unreliable data, missing values are imputed according to set rules. Variables and statistical units which were not collected but which are necessary for producing 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 variables. Microdata are aggregated to the level necessary for analysis.

The collected data are converted into statistical output. This includes calculating additional indicators.

Not applied

Not available