Coherence analysis: Improved quality of National Accounts

In many countries, improved quality of economic statistics is one of the most important goals of the 21st century. First and foremost, the quality of National Accounts is in focus, regarding both annual and quarterly accounts. To achieve this goal, data quality regarding the largest enterprises is of vital importance. To assure that the quality of data for the largest enterprises is good, coherence analysis is an important tool. Coherence means that data from different sources fit together and give a consistent view of the development within these enterprises. Working with coherence analysis in an efficient way is normally a work-intensive task consisting mainly of collecting data from different sources and comparing them in a structured manner. Over the last two years, Statistics Sweden has made great progress in improving the routines for coherence analysis. An IT tool that collects data for the largest enterprises from a large number of sources and presents it in a structured and logical matter has been built, and a systematic approach to analyse data for National Accounts on a quarterly basis has been developed. The paper describes the work in both these areas and gives an overview of the IT tool and the agreed routines.