1. Copyright 2010, The World Bank Group. All Rights Reserved. Economic statistics, part 2 Business statistics; core element of economic statistics 1 Business statistics and registers

2. Copyright 2010, The World Bank Group. All Rights Reserved. Output Sales Changes in inventories Interest and dividends received Grants, donations and subventions received Other operating income 2

3. Copyright 2010, The World Bank Group. All Rights Reserved. Expenses Key elements of expenses are:  Wages, salaries and benefits paid  Materials, supplies and components used  Fuel, electricity and water used  Services used Intermediate consumption items can be attributed to specific other industries 3

4. Copyright 2010, The World Bank Group. All Rights Reserved. Capital expenditure and depreciation Capital expenditure:  Investment in fixed assets: buildings and equipment  Minus the value of fixed assets disposed of Consumption of fixed capital is the decline of the value of the stock of fixed assets Consumption of fixed capital is measured as depreciation 4

5. Copyright 2010, The World Bank Group. All Rights Reserved. Sector statistics Special business statistics are also called sector statistics Some of the required information is collected from businesses Much additional information is collected from various sources, including registrations and data collected from persons and households 5

6. Copyright 2010, The World Bank Group. All Rights Reserved. Structural and short-term business statistics Three types: 6 1 Structural business statistics 2 Short term business statistics 3 Business tendency surveys

7. Copyright 2010, The World Bank Group. All Rights Reserved. Business surveys Most business surveys are sample surveys Structural business statistics are normally based on large samples Samples are stratified: large businesses with a larger sample fraction than small businesses Stratification is often based on number of employees 7

8. Copyright 2010, The World Bank Group. All Rights Reserved. Business surveys (cont’d) For the smallest businesses data are sometimes collected from tax registrations For short-term business statistics samples can be smaller Business tendency surveys use the smallest samples 8

9. Copyright 2010, The World Bank Group. All Rights Reserved. Business survey methodology Survey frames Sampling methods Statistical units Questionnaire design Data collection methods Data editing procedures Tabulation Analysis Dissemination Provision of microdata 9

10. Copyright 2010, The World Bank Group. All Rights Reserved. Challenges for business statistics Reducing the reporting burden for businesses Delivering better products and services to the users Becoming more efficient: achieving more with existing resources or achieving the same with declining resources In developing countries an alternative challenge is: getting more resources through advocacy for statistics 10

11. Copyright 2010, The World Bank Group. All Rights Reserved. Meeting the challenges Instruments to meet the challenges are:  The use of advanced information technology for data collection The use of administrative registers as alternative sources, also in cases where the data provided are not directly fitted for statistical needs The use of advanced survey methodology with respect to editing, imputation and estimation The use of advanced information technology for data storage and dissemination 11