Published: 12.12.2022

Today the Council of Latvijas Banka approved the Statistical Programme of Latvijas Banka for 2023 and outlined the plans for work in the field of statistics in the medium term (2024–2026).

The Statistical Programme of Latvijas Banka for 2023 aims to provide information on the key tasks of Latvijas Banka in the field of statistics in 2023, types of statistics collected by Latvijas Banka in pursuit of its tasks, the legal framework, frequency and deadlines for compilation of these statistics, as well as information on the providers and the main users of the respective statistical data. The programme also contains information on the statistics published by Latvijas Banka pursuant to the laws of the Republic of Latvia and to ensure continuity of publication of important time series or more user-friendly access to essential information published by the European Central Bank.

The major development in the field of statistics in 2023 will be related to the integration of Latvijas Banka and the Financial and Capital Market (FCMC) and the new Law on Latvijas Banka taking effect. Therefore, the programme also includes resolution and compensation disbursement schemes statistics and supervisory statistics comprising the data collected by the FCMC that are processed, are received regularly and are structured. The Statistical Programme of Latvijas Banka for 2023 includes 21 new tasks in the field of statistics.

The Medium-Term Statistical Work Programme of Latvijas Banka for 2024–2026 also includes tasks related to the integration of Latvijas Banka and the FCMC, thus also introducing changes in the statistical data collected and compiled by Latvijas Banka. The number of these tasks totals 15.

According to Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank, the European System of Central Banks (ESCB) follows the principle of professional independence in the fulfilment of its tasks. One of the performance indicators for the above principle defined in the document "ESCB Public Commitment on European Statistics" is the publication of the statistical work programme.

Latvijas Banka carries out several tasks significant for the functioning of the economy and financial system. One of the most important tasks is the collection, storage and processing of statistical data, as well as the development, compilation, analysis and dissemination of statistical information pursuant to the Law on Latvijas Banka. Latvijas Banka compiles monetary and financial statistics, banknote statistics, payment and payment system statistics, financial stability statistics, balance of payments and international investment position statistics, as well as gets actively involved in the compilation of statistical data at the European level.

Both documents – the Statistical Programme of Latvijas Banka for 2023 and the Medium-Term Statistical Work Programme of Latvijas Banka for 2024–2026 – will be published in full on the website of Latvijas Banka at https://www.bank.lv/en/statistics/information-for-data-users/statistical-programmes.