Data SharingWerner Bier

Deputy Director-General Statistics European Central Bank

Inter-Agency Group on Economic and Financial Statistics (IAG) G-20 Data Gaps Initiative

Laurs Nørlund

Director - National Accounts, Prices and Key Indicators

Eurostat - European Commission

Outline• Background

• Guidelines for the pilot projects

• Infrastructure– Common templates– Common protocols

• Pilot projects

• Progress achievedand forthcoming initiatives– national accounts– sectoral accounts– real estate prices

Background

• Policy needs– Multilateral exercises– …

• General objectives– reduce reporting burden of national authorities– more efficient use of resources in international

organisations (IOs)– ensure data are identical and of the highest quality in the

databases of IOs– improve data dissemination to users globally

• SDMX– clear rules and responsibilities for data exchange and

validation

• OECD, ESTAT and ECB task force– reduce data discrepancies in the public domain– gain efficiency

Guidelines for the pilot projects

1. Common statistical concepts and definitions

2. Globally harmonised reporting templates

3. Global data sharing (focus on published data)

5. Coordinated data flow

4. Single point for data quality management

A possible data sharing model

EU OECDother than EU

Worldother than OECD

Eurostat - ECB

OECD

IMF, UN, WB, ILO, BIS, other IOs

USERS

Infrastructure

• Statistical standards– SNA 2008 / BPM6 / international manuals

• Common templates– NA main aggregates / sector accounts /

BoP

• Frequency and timeliness

• Harmonised protocols– SDMX / Data Structure Definitions

• Data quality management

Pilot project

Way forward

• Test the feasibility

• Set up a Task Force

• Scope– GDP and main aggregates– Sectoral accounts

• Deliverables:– Templates– Co-ordinates and consistent workflow– Timetable for execution

Stocktaking

Stocktaking of practices, problems and expectations

Peer review validation

Peer review of current validation routines; identification of gaps and minimum checks prior dissemination

Workflow

Exploring exchange of non-validated data (timeliness) and restricted data (embargo/ not for publication/ confidential)

SLA

OECD - ESTAT service level agreement signed by DGs

Implementation

Implement and test agreed improved validation and data exchange procedures

Progress achieved (1)National Accounts

Progress achieved (2)Sectoral accounts

Integration financial and non financial accounts

Frequency and timeliness

Common templateNational Accounts

Data Structure Definition

Progress achieved (3)Real estate price statistics

• Methodological framework – RPPI Handbook

• Harmonised production in Europe

Progress achieved (3)Real estate price statistics

• Definition of the template

• Establish a common Data Structure Definition– within price statistics

• Project on Commercial Property Price Indicators – Handbook

Thank you for your attention!