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Survey Sampling Methodology in Official Statistics in Latvia Foreign Investment Business Survey. Janis Lapins Baltic-Nordic-Ukrainian Summer School on Survey Statistics Kyiv , August 23-27 , 200 9. Structure of the presentation. Introduction BoP and d ata sources - PowerPoint PPT Presentation
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Survey Sampling Methodology in Official Statistics in Latvia
Foreign Investment Business Survey
Janis LapinsJanis LapinsBaltic-Nordic-Ukrainian Baltic-Nordic-Ukrainian Summer School on Survey Summer School on Survey Statistics Statistics KyivKyiv, , AugustAugust 23-2723-27, 200, 20099
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Structure of the presentation
Introduction
BoP and data sources
Quarterly business survey on foreign investment
Annual business survey on foreign investment
Dissemination of data
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Introduction
Statistics Department of the Bank of Latvia (Latvijas Banka, LB) – since April 5, 1993
Balance of payments (BOP) – responsibility of LB since 2000
Foreign investments business survey – carried out by LB since 2001
Data compilation process (BOP, IIP, FDI, Foreign debt), development of methodology
Maintenance of the compilation system
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Balance of payments
• In economics, the balance of payments (BOP) measures the payments that flow between any individual country and all other countries.
• It is used to summarize all international economic transactions for that country during a specific time period, usually a year.
• The BOP is determined by the country's exports and imports of goods, services, and financial capital, as well as financial transfers.
• It reflects all payments and liabilities to foreigners (debits) and all payments and obligations received from foreigners (credits).
• Balance of payments is one of the major indicators of a country's status in international trade, with net capital outflow
• (From Wikipedia, the free encyclopedia).
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Quarterly and annual by BOPSY codes (by positions used in the IMF
balance of payments statistics yearbook), by country, by type of industry (NACE code) Monthly only few main positions (mainly for
internal use) IIP by country, by type of industry
Balance of payments compiled at LB
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Bank of Latvia quarterly and annual foreign investment survey of
companies MFI statistics statistics on non-bank external payments (ITRS)
Financial and Capital Market Commission aggregated data on investment in banks’ share capital aggregated data on banks’ annual profit/loss and its
distribution
Riga Stock Exchange prices for companies shares quoted at the Stock Exchange
State Register of Enterprises
Data sources for compilation of BoP
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Quarterly business survey on foreign investment – data collected
Data source for FDI, portfolio investments, other investments and related accrued income flows of other sectors
Divided in three parts – FDI in Latvia, FDI abroad, other foreign assets and liabilities
Country breakdown
Full reconciliation of positions and changes in positions reflecting net flows, price changes, exchange rate changes and other adjustments
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Quarterly survey on foreign investment – sampling frame
Stratified simple random sampling is used
The sampling frame is built up using: Quarterly survey data of the previous year State Register of Enterprises Information obtained from the CSB ITRS data Annual survey data on foreign investment Other sources (mass media, etc.)
The sampling frame is updated annually just before sampling (significant changes discovered during the survey year are updated as soon as they have been identified)
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Quarterly survey on foreign investment – stratification
The activity indicator is calculated for each company in accordance with the BOPSY breakdown by taking the max transactions value either from the survey or ITRS data for the previous year
The companies are arranged in a descending order according to the activity indicator and divided into size groups
The target population is further stratified depending on the company’s NACE
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Quarterly survey on foreign investment – sample allocation
The Neyman’s optimum allocation over strata according to the activity indicator is determined
Some adjustments in the sample allocation are made to reach satisfaction quality demands for main domains of interest
Within each stratum the list of companies to be included in the sample is drawn by using the simple random sampling approach
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Quarterly survey on foreign investment – dealing with non-response
Reminders by phone allow to reach near to 100% of response rate among the significant units
Response rate ~95%
Dealing with non-response Big units: imputation based on survey data on
previous periods + ITRS data (case by case) Other units: adjustment of weights
Response level, 4th quarter, 2008
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Quarterly survey - estimation
HT estimates for totals Unweighted survey data are used for country and
NACE breakdown Grossing up part of the survey data to the whole
population is showed as “Country not specified” and “Kind of activity not classified” in output tables by country and by NACE breakdown
-
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Annual survey on foreign investment – why needed?
Sample design and the total sample size of the quarterly survey allows to reach the necessary quality of estimates anly for flows (and not for stocks). Therefore additional annual sample survey on foreign investments is carried out
From units not included in the sample of the quarterly survey another stratified simple random sample is taken as a sample for annual survey on foreign investment. Sampled companies are surveyed using a simplified questionnaire
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Annual survey on foreign investment – usage of data
Data of the annual survey are used for:
Production of high quality estimates of IIP annual positions of other sectors
Production (by combining of the annual IIP estimates with the estimates of quarterly flows) of quarterly estimates of IIP positions of other sectors at the end of quarters
Updating of the quarterly sampling frame
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Usage of ITRS data
Data source for compilation of the monthly BoP
As a supplementary data source For building of the sampling frame of the
quarterly survey of foreign investments Updating of the sampling frame during the
survey year For cleaning of quarterly survey data For imputation
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Dissemination of data
Monthly – T+30 business days
Quarterly – last business day of the next quarter FDI flows and positions by:
• country• kind of activity by country• inflow and outflow components
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Dissemination of data
Quarterly and annual BoP Published in Quarterly Bulletin Latvia's
Balance of Payments Latvia's Balance of Payments Statistics Databa
se is available for users at: http://www.bank.lv/eng/main/all/statistics/bop_stat/database/
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Dissemination of data
Monthly BoP
Published in Monthly Bulletin Latvia's Balance of Payments (Key Items)
Since 15.06.2009 the statistical data on Latvia's Balance of Payments (Key Items) are integrated in the Latvia's Balance of Payments Statistical Database available at: http://www.bank.lv/eng/main/all/statistics/bop_stat/database/
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