Statistics Norway

Division for business dynamics statistics

Postboks 2633 St. Hanshaugen

0131 Oslo

Norway

REGISTRATIONS: The number of legal units entered in the registration register at any time during the reference quarter, according to the respective administrative or legal procedure. Registrations is an early indicator to measure business intentions. In every country, administrative rules of registrations differ, so the quarterly data are presented as an index series to improve comparability.

BANKRUPTCIES: The number of legal units that have started the procedure of being declared bankrupt, by issuing a court declaration, at any time during the reference quarter (this declaration may be provisional and does not always mean cessation of an activity).

NACE Rev.2 classification (Statistical Classification of Economic Activities in the European Community) is used

INDUSTRY
The indicators in this sector cover economic activities listed in sections B to E of NACE (B-Mining and quarrying, C-Manufacturing, D-Electricity, gas, steam and air conditioning supply, E-Water supply; sewerage, waste management and remediation activities).

CONSTRUCTION
The indicators in this sector cover economic activities listed in section F of NACE (Construction).

TRADE
The indicators in this sector cover economic activities listed in section G of NACE (Wholesale and retail trade; repair of motor vehicles and motorcycles).

SERVICES
The indicators in this sector cover economic activities listed in sections H, I, J, L, M and N of NACE (H-Transportation and Storage, I-Accommodation and food service activities, J-Information and communication, L-Real estate activities, M-Professional, scientific and technical activities [excluding activities of head offices, scientific research and development and veterinary activities], N-Administrative and support service activities).

BUSINESS POPULATION
Market units in industry, construction and services (except public administration, defence, compulsory social security, activities of membership organisations, activities of households as employers and extra-territorial organisations and bodies).

REGISTRATIONS: The number of legal units entered in the registration register at any time during the reference quarter, according to the respective administrative or legal procedure. Registrations is an early indicator to measure business intentions. In every country, administrative rules of registrations differ, so the quarterly data are presented as an index series to improve comparability.

BANKRUPTCIES: The number of legal units that have started the procedure of being declared bankrupt, by issuing a court declaration, at any time during the reference quarter (this declaration may be provisional and does not always mean cessation of an activity).

Legal unit

The statistical population comprises the observation enterprises operating in the NACE classes mentioned below.

BUSINESS POPULATION 

New registrations and declarations of bankruptcies under NACE headings B to N +P+Q+R+S95+S96

Norway

From 2015 Q1.

Not applicable

Number of enterprices

Quarterly

EBS Regulation N° 2019/2152, Table 1 of the Commission implementing regulation N° 2020/1197. 

 Eurostat

Not applicable

Not applicable

40 days after end of reference quarter for Eurostat. Bankruptcy data are available 30 days after reference month on Statistics Norway's homepage (https://www.ssb.no/en/virksomheter-foretak-og-regnskap/konkurser/statistikk/opna-konkursar)

All have access too the calender of publications.

https://www.ssb.no/en/kommende-publiseringer

All

Quarterly. 40 days after end of periode.

New enterprices: 

https://www.ssb.no/en/virksomheter-foretak-og-regnskap/virksomheter-og-foretak/statistikk/foretak

Bankruptcies:

https://www.ssb.no/en/virksomheter-foretak-og-regnskap/konkurser/statistikk/opna-konkursar

New enterprices: 

https://www.ssb.no/en/virksomheter-foretak-og-regnskap/virksomheter-og-foretak/statistikk/foretak

Bankruptcies:

https://www.ssb.no/en/virksomheter-foretak-og-regnskap/konkurser/statistikk/opna-konkursar

New enterprices: 

https://www.ssb.no/en/statbank/list/foretak  (Table no: 09028 and 08076)

Bankruptcies:

https://www.ssb.no/en/statbank/list/konkurs

Microdata can be supplied from Statistics Norway’s data collections for research purposes.

Data are sent to Eurostat to be released as national data

Documentation on methodology and sources in preparing statistics are available on:

New enterprices: 

https://www.ssb.no/en/virksomheter-foretak-og-regnskap/virksomheter-og-foretak/statistikk/foretak  (About the statistics)

Bankruptcies:

https://www.ssb.no/en/virksomheter-foretak-og-regnskap/konkurser/statistikk/opna-konkursar (About the statistics)

Not applicable

The statistics is produced according to Statistics Norway’s implementation of the European statistics code of practice (https://ec.europa.eu/eurostat/web/quality/overview)

Statistics Norway applies checks by comparing unit values across historical and current data.

Researchers and analysts also use the data.

Not applicable

Data available by 40 days after the quarter used, there may be missing values that will be implemented at a later date which will not be included.

All data available are used, see 13.3

As quarterly business demography indicators are "event based" statistics based on complete enumeration, sampling error is not applicable.

As for other administrative event based data, the registration delays might be a source of errors, in particular for declarations of bankruptcies. For example, there might be a delay longer than 40 days for registering a declaration of bankruptcy for the reference quarter ("data collection and access error"). Normally this would appear as an (upward) revision in the next quarter. In order to avoid bias, an estimation of late registrations might be applied ("modelling error").

Q+40 days

100 % at this time.

Following the definitions of the EBSR, but also including sole proprietors.

The data are comparable from 2015, same definition and sources.

There are some crucial differences between quarterly statistics on these topics and final yearly data on births and deaths of enterprises.

The most important difference is seen in the reported bankruptcy. There are often declared bankruptcies that do not get finalized and the enterprise will be "alive" for a considerable time after the declared bankruptcy. Declaration of bankruptcy are often used to give the enterprise some time to improve its financial position and still be "alive" after this process is done. Another way the enterprise can still be alive after the declaration of bankruptcy is if it is taken over by another enterprise.

When it comes to quarterly new registrations vs. yearly births of enterprises, the biggest difference is that to be a birth there must be some activity within the enterprise not just the registration of a new enterprise but also some activity.

For quarterly business demographic variables, the aggregate is coherent with the lower level NACE activities.

All data already exist in administrative sources, the extra cost to businesses are therefore none.

In publishing the data there are approx. 5 person-hours used per variable and sending data to Eurostat costs an additional 5 person-hours.

Not applicable

Not applicable

Business Register for new enterprises and registered bankruptcies

Quarterly

For registered new enterprises, data comes in the form of an extraction of the business register as it is about 32 days after the end of the reported quarter.

The declarations of bankruptcies are given from an extraction from the registry of all enterprises and given to Statistics Norway on a file about 20 days after the end of the reported quarter.

There is a visual check of the file received and a comprehensive check of the numbers to determine if anything has gone wrong in the transmission of data.

No special operations are done, just a check that the data seem reasonable.

Not applicable

 This is a first draft. As we see other metadata on this topic, this will be used to clarify and supplement our own metadata.