Finland's description of the quality, source data and methodologies of statistics used as the basis for MIP indicators

 

The economic development, the stability of macroeconomics and competitiveness of EU Member States are monitored with the MIP scoreboard consisting of indicators as part of the Macroeconomic Imbalances Procedure or MIP of the union. The Commission reports annually on the economic development to the parliament, council and to the European Economic and Social Committees (Alert Mechanism Report).

 

In the national quality reports, the Member States describe the quality, source data and methodologies of statistics used as the basis for MIP indicators. The following quality report describes the balance of payments and international investment position statistics on which the following MIP indicators are based: the three year backward moving average of the current account balance as percent of GDP, and the net international investment position as percent of GDP.

 

More detailed information about the MIP scoreboard: http://ec.europa.eu/economy_finance/economic_governance/macroeconomic_imbalance_procedure/mip_scoreboard/index_en.htm

 

Description of the quality, source data and methodologies of statistics used as the basis for MIP indicators concerning Finnish Balance of Payments statistics, pdf .


Last updated 5.7.2016

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. 2016, Finland's description of the quality, source data and methodologies of statistics used as the basis for MIP indicators . Helsinki: Statistics Finland [referred: 2.3.2021].
Access method: http://www.stat.fi/til/mata/2016/mata_2016_2016-06-01_men_001_en.html