Statistics – facts or pieces of information generated from a set of numerical data – are crucial for the European Central Bank (ECB). The ECB's work depends on high-quality statistics, which are a necessity for making informed decisions that affect the daily lives of the people living in the countries that use the euro.
The ECB assisted by the national central banks, including Latvijas Banka, collects statistical information that is necessary to undertake the tasks of the European System of Central Banks.