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Reference metadata describe statistical concepts and methodologies used for the collection and generation of data. They provide information on data quality and, since they are strongly content-oriented, assist users in interpreting the data. Reference metadata, unlike structural metadata, can be decoupled from the data.

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International trade in cultural services (cult_trd_ser)

Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Eurostat, the statistical office of the European Union

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Culture statistics cover many aspects of economic and social life. According to the Europe 2020 strategy, the role of culture is crucial for achieving the goal of a "smart, sustainable and inclusive" growth. The international trade in cultural services is considered (alongside with the international trade in cultural goods) as one of the economic dimensions of culture. A specific set of statistics can be built based on Balance of Payments (BOP) data. The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period and provides harmonized information on international transactions which are part of the current account, the capital and the financial account.

Data on International Trade in Services (ITS), are an important component of the BoP current account, and are used, alongside with data on Foreign Direct Investment, to monitor the external commercial performance of different economies. ITS data are collected by national enterprise surveys, International Transaction System (ITRS) and administrative records.

 "Cultural services" refer to the particular set of services identified according to the Manual on Statistics of International Trade in Services 2010 (MSITS 2010); UNESCO-FCS Framework for cultural statistics (2009) and UNESCO-UIS The globalisation of cultural trade: a shift in consumption. International flows of cultural goods and services 2004-2013 (2016 edition). The ESSnet-Culture final report (2012) does not provide the reader with any section specifically dedicated to international trade in cultural services. The Eurostat WG 'Culture statistics' in its meeting in November 2016 agreed on the proposed selection of codes for cultural services.

Statistics on international trade in cultural services (as subset of BoP) provide the monetary value of such trade, with an analysis by the type of service and by partner country. These statistics are produced from the transactions recorded under a country’s balance of payments, which captures all transactions that take place between an economy’s residents and non-residents. Furthermore, international trade in cultural services statistics distinguishes between transactions between EU Member States (intra-EU transactions) and transactions with non-member countries (extra-EU transactions).

The international trade of cultural services covers the total value of credits (or exports), debits (or imports) and the net result or "balance" (credits minus debits) of the transactions with each partner.

1 February 2020

In the EU, the external trade in services is monitored, reported and registered in accordance to EU regulations establishing the legal frames for these statistics. The conceptual frames are provided by respective methodological manuals: EBOPS 2010 and the BMP6. Services are compiled according to the EP and Council Regulation No 184/2005 as amended by Commission Regulation No 555/2012 as of 22 June 2012.

For more information about concepts and definitions used in statistics on balance of payments, please refer to metadata file international trade in services (BPM6) (bop_its6)

Any individual, corporation or other institution that provides information on the cultural transactions between the residents and non-residents of a country during a given period.

BoP statistical population includes all the economic transactions between residents and non-residents. The coverage of the statistical population assured by the reported transactions can be very different for different BoP items. Information on the transaction can be provided by individuals, corporations, or institutions.

The data generally cover the European Union, Euro area, EU Member States, the United Kingdom, Iceland, Norway, Switzerland, Candidate Countries (Montenegro, North Macedonia, Serbia and Turkey).

However, both quarterly and annual statistics under balance of payments has a specific geographical coverage. Details are summarised in the BoP Vademecum.

Data on international trade in cultural services cover the EU Member States, the United Kingdom, EFTA, Candidate Countries.

The international trade in cultural services present annual data.

International trade of services detailed annual data are available from 2010. Additional details are available in the metadata file international trade in services (BPM6) (bop_its6).

International Trade in Services data transmitted by the Member States are checked by Eurostat for their consistency and plausibility. If any problems (e.g. inconsistencies or omissions) are detected, Eurostat contacts the relevant Member State to check the figures and/or confirm correction/updates implemented by Eurostat.

While data on goods are generally based on Foreign Trade Statistics, data on services come from a variety of surveys where the data can be reported either by the banks or directly by the enterprises or the households. Data from national authorities are checked by Eurostat and the European Central Bank (ECB) as elaborated in Section 18.4 "Data Validation".

Asymmetries are another way of assessing the accuracy of statistics on flows, where, values of trade services reported by European countries are compared with that of their partners within the EU. The resulting differences are evaluated.

The trade value of cultural services is expressed in millions of Euro.

In the compilation of BoP, responsibility is shared between Eurostat and the ECB. A Memorandum of understanding (with a Bop Annex) has been signed between the two parties. Eurostat produces Euro area information only regarding the annual detail in trade in Services. All the other monthly and quarterly BoP data related to the Euro area available in Eurostat's database are produced by the ECB. However, within Services, data concerning the Euro area do not match up exactly with those released by the European Central Bank for the same period. The reason lies in a small methodological difference in the data transmitted to Eurostat and the ECB by one Member State. Eurostat is currently working to minimize these discrepancies in the very near future. See the Annex for more details on this issue.

In regard with the compilation of EU aggregates, Eurostat compiles the EU figures by consolidating the EU Member States' transactions vis-à-vis non-residents of the EU. The balance of payments of the EU institutions is added to the EU aggregate. Intra-EU transactions are not included in the calculation of the aggregate.

This methodology, which is used to compile the BoP aggregates for the EU-15, the EU-25 and the EU-27, has been agreed between Eurostat and ECB, which computes the euro area aggregate in a similar way. This methodology has the advantage of skipping the problem of the existing intra-EU asymmetries. More details on the issue of intra EU asymmetries are available in Eurostat Working Paper Asymmetries in the intra-EU balance of payments.

Statistics on international trade in cultural services are part of the Eurostat collection: Balance of payments - International transactions.

For more information, please consult the metadata file international trade in services (BPM6) (bop_its6).

Annual data on international trade in cultural services are disseminated in December (regular annual publication of data on international trade in services).

Annual data on international trade in services are released around 11-12 months after the reference period. Preliminary data, with limited detail for partners and posts, are released 4 - 5 months after the reference period.

Data on international trade in cultural services as a component of statistics on international trade in services, are released alongside the main collection.

The underlying methodological framework, which is defined in BPM6, ensures a high degree of comparability across countries. Regulation (EU) No. 555/2012 contains the questionnaires, and also all the details on the coding system, the format of the data and the deadlines for transmission. Each country compiles their ITS statistics using the data coming from a number of surveys and administrative sources.

The data are generally considered highly comparable over time. The methodology is revised according to the revisions of the sixth edition of IMF's Balance of Payments Manual (BPM6). In some countries, methodological breaks can affect time series (normally on a temporary basis). Backward calculations of time series are provided to ensure full time coherence in case of methodological changes.

 

BREXIT: New EU-27_2020 aggregate

Due to Brexit, a new aggregate, (EU-27_2020), has been calculated from February 2020 for the entire time series.

The ‘Statistics explained’ articles will be updated with the new EU-27_2020 aggregate progressively in 2020.