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The economic statistics system

Economic business statistics are faced with major changes as from reference year 2022. A description of the economic statistics system was produced to describe the structure of economic statistics.

To be able to work toward Statistics Sweden’s goal of “better coordination of economic statistics for users and easier data provision”, there needs to be a description of the upcoming changes, when they will come into effect, and how they will affect the statistics. Information about the changes, both brief and more detailed descriptions, will be published during the year.

New statistical enterprise units

The economic statistics system contains a new approach to statistical enterprise units. The purpose of the new units is to improve economic statistics and be able to provide a clearer picture of enterprises and their activities. To ensure that the statistics are comparable both at national and international level, a common definition of the units to be presented is applied, which is also used in the EU: enterprise, kind-of-activity unit (KAU), and local kind-of-activity unit (LKAU).

“Profiling” is another new item in the economic statistics system. It refers to a method used to identify and describe the organisation and operational structure of an enterprise. The method is used for both the non-financial and the financial sectors and applies to both national and European level. Profiling helps delineate the enterprise structure using statistical units.

Why will economic business statistics change?

Over several decades, large, usually multinational, enterprises developed increasingly complex organisations for their activities, which has had an impact on statistics. The upcoming implementation will help produce more relevant and better quality statistics.

Statistical units have been on Eurostat’s agenda since 1993, when the EU regulation on statistical units was adopted. Since then, several significant events have moved work forward toward implementation.

To ensure that those who need to be reached by the changes receive information well in advance, communication with affected user councils is ongoing. The user councils also discuss the implications of the changes.

Statistics Sweden’s user councils

From a product approach to a systems approach

The economic statistics system is a new way of defining economic statistics from a holistic perspective that is not bound in terms of organisation to certain departments at Statistics Sweden, products or surveys. The economic statistics system comprises the economic area, including parts of the statistics for which other government agencies responsible for statistics are responsible. From this perspective, the National Accounts (NA) and the Balance of Payments are the main users of the system. This description of the economic statistics system is broader that the statistics covered and regulated by the EU’s Framework Regulation Integrating Business Statistics (FRIBS).

The purpose of the economic statistics system is to produce and disseminate relevant economic statistics of adequate quality to the lowest possible respondent cost. Statistics production should be efficient, and the statistics must meet the users’ demands and needs, both at the international and the national level.

What information is available at Eurostat?

Links to Eurostat:

Profiling

Enterprise

More about the economic statistics system

Institutional and functional statistics (only in Swedish)

Profiling of statistical units (only in Swedish)

Contact

Send your questions to:
E-mail
samstat@scb.se