Financial statistics of financial service activities and activities auxiliary to financial services (quarterly)
Statistical activity code: 21301
Accounts of financial intermediaries and financial auxiliaries: income statement, balance sheet and investments in assets
Estonian Classification of Economic Activities (EMTAK 2008) based on NACE Rev. 2
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.
Companies whose main activity is financial activities, excluding Eesti Pank, credit institutions and insurance companies
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 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
Statistical Office of the European Union (Eurostat)
Organisation for Economic Co-operation and Development (OECD)
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.
Data serve as input for statistical activities 21401 “National accounts (annual)”, 21405 “National accounts (quarterly)”, 21407 “Sector accounts” and 21408 “Supply and use tables”.
European System of Accounts 2010 (ESA 2010)
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.
Eesti Pank (central bank of Estonia)
The Ministry of Economic Affairs and Communications
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.
Accounting of the financial sector corresponds to the requirements of ESA 2010.
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 2017, to reduce the administrative burden of data providers, companies that submit their data directly to the Financial Supervision Authority are excluded.
As of 2018, interest income/expenditure and dividend income/expenditure are collected by this statistical activity. Prior to that these were collected by 21300 “Financial statistics of financial service activities and activities auxiliary to financial services (annual)”.
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.
Planned revisions of previous year’s data are carried out in June.
The population includes 1,279 objects. The sample includes 400 objects. All organisations with 10 and more employees and political organisations are surveyed. For other organisations stratified simple random sampling by activity is applied.
Statistical data of commercial banks and savings, loan associations, creditors and fund management companies are received from the Eesti Pank (the central bank of Estonia).
The following data are received from the Estonian Tax and Customs Board: aggregate data on wages and social taxes, benefits in kind of financial intermediaries and financial auxiliaries (excl. sole proprietors), depreciation of fixed assets, and own-account software.
Annual reports are received from the commercial register of the Centre of Registers and Infomation Systems.
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 statistical questionnaire “Financial statistics of financial service activities and activities auxiliary to financial services”.
Data from the Eesti Pank (the central bank of Estonia) are received by e-mail. Data from Tax and Customs Board are received via FTP-server and X-Road and from the commercial register via X-Road.
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.