INTERNATIONAL TRADE IN SERVICES STATISTICS IN THE EUROPEAN UNION

Transcription

1 INTERNATIONAL TRADE IN SERVICES STATISTICS IN THE EUROPEAN UNION Szymon BIELECKI Eurostat Business Statistics Directorate June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 1

2 Content Legal Framework Data sources Data requests Geographical breakdown Confidentiality treatment Quality reporting Cooperation and actions Data on Eurostat s Web-site ITS data on MEDSTATIII Recent developments in International Trade in Services BPM6 in the EU legal framework ITS data requirements 2014 and BMP June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 2

3 Legal Framework (I) Regulation (EC) No 184/2005 of the European Parliament and the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services statistics and foreign direct investment Common framework for the systematic production of community statistics Output-oriented, provides definitions, timeliness and defines data elements, geographical breakdown (Annex I + Annex II) BoP Vademecum, updated yearly, clarifies technical details of data compilation and transmission to Eurostat June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 3

4 Legal Framework (II) In the compilation of BoP, responsibility is shared between Eurostat and the European Central Bank (ECB) Eurostat focuses on quarterly and annual aggregates of the EU, as well as on detailed ITS data also for the euro area, whereas the European Central Bank (ECB) is in charge of compiling and disseminating the euro area monthly and quarterly balance of payments statistics June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 4

5 Data collection Diversity of sources: Bank reporting system (excluding credit card data) Credit card data (from banks/from credit card issuers) Frontier surveys Household surveys Surveys of travellers at accommodation establishments Surveys of tourist providers (e.g. hotels) Surveys of tourist intermediaries (e.g. travel agencies) Partner country data Mobile Phone Positioning Estimates and models Administrative sources Other sources June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 5

6 Data transmission Annual ITS BOP_ITS_A; BOP_ITSN_A Questionnaire Y1, Deadline: T + 9 months There are 3 requests: R1, R2 and R3 GESMES/TS for exchange of data data flows Data flow groups together all data belonging to questionnaires of a specific domain Flow is homogenous from methodological point of view Quartely BoP Data BOP_Q_Q; BOP_Q_N Questionnaire Q1, Deadline: T + 90 days There are 5 requests: R1, R2, R3, R4, R5 Revision of data Country should send the whole questionnaire not only revised cells Specified in the BoP Vademecum Quartely BoP data in a less detailed level, only for the main items June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 6

7 Geographical breakdown June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 7

8 Data Flows Quartely BoP (I) June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 8

9 Data Flows Annual ITS (II) June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 9

10 Geographical breakdown (I) June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 10

11 Geographical breakdown (II) June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 11

12 International Trade in Services - Items Compensation of employees (code=310), level 3 Workers remittances (code=391), level 3 Services (code=200); level 3 Transport (code=205); level 2 Sea transport (incl. passenger/freight/other) Air transport (incl. passenger/freight/other) Other ((incl. passenger/freight/other) Travel (code=236), level 2 Business Travel Personal Travel Communication services (code=245), level 2 Construction services (code=249), level 2 Insurance services (code=253), level 2 Financial Services (code=260), level 2 Computer and information services (code=262), level 2 Other business services (code=268), level 2 Merchanting and other trade-related services Operational leasing services Miscellaneous business, professional and technical services Personal, cultural and recreational services (code=287), level 2 Government services (code=291), level 2 Memorandum items (geographical breakdown LEVEL 1) June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 12

13 Confidentiality treatment 5 codes for flagging F: free for publication N: not for publication, restricted for internal use only C: confidential statistical information S: secondary confidentiality set and manged by receiver, not for publication D: secondary confidentiality set by sender, not for publication S-flag is only for internal use at Eurostat when treating secondary confidentiality, countries can use Code C (for primary confidentiality) or D (for secondary confidentiality) to flag their confidential data Secondary confidentiality is used when confidential data can be recalculated using other non-confidential data June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 13

14 Quality Report (I) Commission Regulation No 1055/2008, which defines the quality criteria and the timeline for BoP Quality Reports, was amended in line with the quality criteria defined in the Regulation on European Statistics Article 4 Regulation (EC) No 184/2005 Reasonable measures to ensure quality of the data transmitted according to community quality standards MS supply the Commission with a report on quality of transmitted data (Quality Report) Takinf into account the implication as regards to cost of collecting and compiling data and important changes concerning data collection Assessment with the assistance of the Balance of Payments Committee Send to the European Parliament for information Methodological changes should be communicated (not later than 3 months after any such change becomes applicable) Seven quality dimensions, developed and defined by Eurostat and Member States since late 1990s. They form the statistical output component of the Code of Practice Quality dimensions are same in all statistical domains. Each dimension includes one or more quality indicators which are often domain specific June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 14

15 Quality Report (II) Relevance of statistical concepts Refers to the degree to which statistics meet current and potential needs of the users. Accuracy Refers to the closeness of estimates to the unknown true values. Timeliness Refers to the period between the availability of the information and the event or phenomenon it describes. Punctuality Refers to the delay between the date of release of the data and the target date (the date by which the data should have been delivered). Accessibility & clarity Refer to conditions and modalities by which users can obtain, use and interpret data. Comparability Refers to the measurement of the impact of differences in applied statistical concepts, measurement tools and procedures when statistics are compared between geographical areas, sectoral domains or over time. Coherence Refers to the adequacy of the data to be reliably combined in different ways and for various uses June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 15

16 Cooperation and Actions Interagency Taskforce on International Trade in Services Statistics Travel Workshop (former Technical Group Travel) 1st Travel Workshop, November 2010, Vienna 2nd Travel Workshop, September 2011, Reykjavik Methodological soundness questionnaire Report on responses to the Eurostat-OECD questionnaire on the measurement of trade in services in the balance of payments n?p_product_code=ks-db , release date 16 June 2006 Joint Publication of OECD and Eurostat, OECD Statistics on International Trade in Services Volume 1, detailed tables by service category, June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 16

17 Data on Eurostat s web-site (I) annual ITS data for 11 standard BoP items and 3 memorandum items available and unless not confidential From for all Member States Bilateral Intra EU data for 83 items are published 2010 data based on preliminary results from the annualized quartely data ch_database June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 17

18 Data on Eurostat s web-site predefined tables (II) June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 18

19 Data on Eurostat s web-site (III) June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 19

20 Data on Eurostat s web-site (IV) June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 20

21 Total Services: EU-27 with MEDSTAT in mill. Euro Turkey Algeria Egypt 5000 Morocco Tunisia 0 Israel Jordan Lebanon Credit EU-27 Services Debit Net Credit Debit Net Palestine, areas under the Palestinian Authority Syria June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 21

22 Total Services: EU-27 with MEDSTAT in mill. Euro Credit Debit Net Credit Debit Net Turkey Algeria Egypt Morocco Tunisia Israel Jordan Lebanon Palestine, areas under the Palestinian Authority Syria anean countries in the Euro-Mediterranean Partnership EU-27 Services June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 22

23 ITS Services: EU-27 with MEDSTAT in mill.euro Services Transportation Travel Other services Communications services Construction services Insurance services Financial services Computer and information services Royalties and license fees Other business services Personal, cultural and recreational services Government services, n.i.e. Services not allocated June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 23

24 ITS Services: EU-27 with MEDSTAT in mill.euro Credit Debit Net Credit Debit Net 200 Services Transportation Travel Other services Communications services Construction services Insurance services Financial services Computer and information services Royalties and license fees Other business services Personal, cultural and recreational servi Government services, n.i.e Services not allocated June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 24

25 Recent Developments in International Trade in Services New international standards: 6 th edition of the Balance of Payments and International Investment Position Manual of the International Monetary Fund (IMF) 2010 edition of the Manual on Statistics of International Trade in Services of the United Nations (MSITS2010) 4 th edition of the OECD Benchmark Definition of Foreign Direct Investment In coordination with the implementation of the System of National Accounts 2008 & ESA2010 Transmission Programme Necessary to update data requirements taking into account economic and technical challenges Bring European Legislation in line with new international standards June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 25

26 BMP5 and BMP6 Main 11 main BMP5 standard services components are: Transport; Travel; Communication Services; Construction Services; Insurance Services; Financial Services; Computer and information services; Royalities and license services; Other business services; Personal, cultural and recreational services; Government services, n.i.e Matches the GATS product coverage relatively well Main 12 main BMP6 standard services components are: Manufacturing services on physical inputs owned by others; Maintance and repair services n.i.e, Transport; Travel; Construction Services; Insurance and pension services, Financial Services; Charges for the use of intellectual propierty n.i.e.; Telecommunication, computer and information services; Other business services; Personal, cultural and recreational services; Government services, n.i.e June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 26

27 BMP6 and MSITS2010 Phased implementation Disaggregation of the BMP6 standard components for services into EBOPS 2010 sub components EBOPS of major economic importance for compilers economy MSITS2010 recommends a breakdown by partner economy for services transactions between residents and non-residents June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 27

28 BPM6 in the EU - Legal Framework (I) While BoP-Regulation No 184/2005 corresponds 100% to the EBOPS developed in 1996 and included in the MSITS (2002), new amending regulation has no full coverage Annex I and Annex II to Regulation (EC) No 184/2005 are going to be replaced, respectively, by Annex I and Annex II to the new regulation June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 28

29 BPM6 in the EU - Legal Framework (II) Eurostat, ECB and IMF proposal for data structure Amending Regulation (EC) No 184/2005 Comitology Procedure Proposal for submission to the BoP Committee of 1 st July for approval consultation of EU Council, Parliament Final step is the adoption of the amended legal text by the Commission and its publication in the Official Journal of the EU 14 out of more than 50 new items introduced by EBOPS, all other items on voluntary basis (BoP Vademecum) most of the EBPOS 2010 sub-items were removed from the mandatory part of the data request and will be reported by the countries on a voluntary basis Implementation: 30 September 2014 and applies to data from reference year 2013 only June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 29

30 ITS Data requirements 2014 and BMP6 (I) June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 30

31 ITS Data requirements 2014 and BMP6 (II) Services; Geo 4 Manufacturing services on physical inputs owned by other, Geo3 Maintenance and repair services, Geo3 Transport; Geo3 Travel, Geo3 Telecommunication services, Computer and information services, Geo 3 Construction services, Geo3 Insurance and pension services, Geo3 Financial Services, Geo3 Other business services, Geo3 Personal, cultural and recreational services, Geo3 Government services, Geo3 No Memorandum items Geo 0 (only Rest of the World) Geo 4 (all countries); Geo 2 = Level 1 Geo 3 and Geo 4 include some aggregates Not the final version 1st July 2011, BoP Committee, content remains the same June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 31

32 ITS Data requirements 2014 and BMP6 (III) Compensation of employees and remittances, only reporting of geo 3 will be mandatory, reporting on geo 4 voluntary Branding, Quasi-transit trade adjustment removed, in quartely BoP moved under goods FISIM, geo1 reporting Full EBOPS shall included in the BoP Vademecum and reported on voluntary basis Coding for all EBOPS2010 services items shall be defined Provisional coding, shall be revised when new coding system is available June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 32

33 07-10 June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 33

34 ESTAT Unit G.4 International Transactions International Trade in Goods International Trade in Services Foreign Direct Investment June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 34

35 Thank you for your attention! Methodology and Legislation Data Production and Quality Hionia VLACHOU Franca FAES-CANNITO Eurostat G4 Eurostat G June 2011 WORKSHOP AND STUDY VISIT ON BOP STATISTICS 35