Building business registers to monitor the entrepreneurial ... · Homero Gonçalves andMário Lourenço Building business registers to monitor the entrepreneurial dynamics Porto,

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Porto, 20|22 June 2013

Building business registers to monitor the entrepreneurial dynamics

Homero Gonçalves and Mário Lourenço

Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 2

370 thousand companies

How do we know that...

1 company active since the 16th

century

99.7% of all NFC are SME 3 enterprises

account for 5% of turnover

35 thousand companies active

since the 80’s

100 enterprises gather 26% of

turnover

100 enterprises gather 41% of NFC

assets

5 enterprises account for 3% of

employment

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Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 3

Business

Register

managed by

Banco de

Portugal

Contains

individual

characteristics

of each

company in

Portugal

(current and

historical data)

SPAI

Name

Location

Activity

sector

Institu-

tional

sector

SizeLegal

nature

Age

Activity

indicator

....

How did we get here?

Five steps

Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 4

The Business Register’s backbone

Allows intersecting different databases

Each company receives an unique Legal Entity Identifier at birth

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Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 5

Companies’ legal information

Legal Nature Location

Name Age

Ministry of Justice

Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 6

Economic activity

Internet

www.sicae.pt

Output

Amendments

SICAE is a single database with information, online, about the

statistical classification of Economic Activities (NACE) of any company

The success of IES, based on the excellent institutional cooperation

granted the idea …

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Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 7

Securities

Statistics

Integrated

System

Interest

rates

Central

Credit

Register

Balance of

Payments

Central

Balance-

Sheet Data

Filling the gaps – BdP Micro Databases

Quantitative

Indicators

Dimension

Activity

Indicator

Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 8

Matching all the data

With:

� Hierarchy of

sources

� Events logic

� On-going

actualization

Solve issues

like:

� Scattered

information

� Different

updating

times

� Incoherent

data

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Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 9

SPAI

SICAE

Ministry

of Justice

BdP Micro

Databases

Identifier

Current situation

Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 10

Next Step: Shared Business Register among all entities

SPAI

Ministry of Justice

Ministry of Finance

Statistics Portugal

FUESEN

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Business Registers: Matching the pieces to see the whole picture

Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 12

Business Registers

• Designing business registers benefits from great inter-institutional cooperation.

• Business registers enhance the comparability between statistical outputs from different fields of statistical knowledge.

• They enable users to cross-reference data from micro-data databases…

• … and allow, by themselves, the monitoring of business and entrepreneurial dynamics.

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Building business registers to monitor the entrepreneurial dynamics Porto, 20|22 June 2013 13

www.bportugal.pt

Homero GonçalvesSectoral Analysis Unit – Central Balance-Sheet Data Office

[email protected]