Statistical data developed, compiled and disseminated by the Bank of Lithuania complies with the quality requirements of international organisations.
Transparency and publicity
The process of statistical data compilation, dissemination and development complies with practices, principles, concepts and methodologies, adopted on national and international level, that are established in documents provided on the Bank of Lithuania, ECB and international organisations’ websites.
Significant changes to the methodology are timely published on the Bank of Lithuania website. The revision of statistical data complies with the statistics revision schedule. The Bank of Lithuania publishes statistical data in accordance with the data release calendar.
Accuracy and reliability
In line with the Council regulation concerning the collection of statistical information by the ECB and the Law on the Bank of Lithuania, the Bank of Lithuania implements statistical reporting requirements, imposed by the ECB on euro area reporting agents, and sets national statistical reporting requirements for Lithuanian respondents. It uses statistical reporting data, the quality of which it verifies, and other most reliable and highest-quality source data. The Bank of Lithuania increasingly uses its micro-data databases in order to improve the quality of statistics and minimise the statistical reporting burden for economic entities.