Statistics glossary

The concepts that begin with the selected letter along with their definition are listed below. Click "Further information" to be directed to the page where detailed information about the concept is located. You can use the links above if you want to change the start letter.

E

  • EAFRD

    Acronym corresponding to the European Agricultural Fund for Rural Development.

  • EAGF

    Acronym corresponding to the European Agricultural Guarantee Fund.

  • EAGGF

    Acronym corresponding to the European Agricultural Guidance and Guarantee Fund.

  • EC

    The acronym stands for the European Commission (websiteOpens in new window).

  • ECB

    See European Central Bank

  • Economic and Monetary Union (EMU)

    The Economic and Monetary Union (EMU) is an area that shares a single market, a single currency, and where a unified monetary policy is implemented. It is the result of the process established in the Treaty establishing the European Community for the harmonization by EU Member States of economic and monetary policies and for the introduction of the euro.

    Further information

  • EDE

    See Electronic money institutions

  • EDP

    See Excessive deficit procedure

  • EDP debt

    Debt concept used in the context of the Stability and Growth Pact and, commonly, in the analysis of public finance sustainability. It includes the liabilities of General Government materialized in cash and deposits, debt securities, and loans, valued at their nominal (face) values and excluding liabilities issued by General Government held by other units of the same sector (consolidation)

    Further information

  • Effective exchange rate of the euro

    Weighted average of the bilateral exchange rates of the euro in relation to the currencies of the main trading partners of the area.

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  • Electronic money institutions

    Electronic money institutions are legal entities authorized to issue electronic money.

    Further information

  • Employee stock options

    Options to purchase shares of a company’s capital offered to employees as a form of in-kind remuneration.

    Further information

  • EMU

    See Economic and Monetary Union (EMU)

  • EONIA

    Euro Overnight Index Average

    Further information

  • EPA

    Acronym corresponding to the Spanish Labour Force Survey

  • Equity and investment fund shares

    Securities issued by a given entity, representing a set of investor rights on the issuer. The best-known form of equity are shares, which usually represent a portion of an entity’s equity capital. Shares can be listed or unlisted.

    This instrument also includes investment fund shares or units, which are instruments issued by an investment fund that represent a claim over a portion of that fund.

    Further information

  • ERDF

    Acronym corresponding to the European Regional Development Fund.

  • Errors and omissions

    The errors and omissions item in the Balance of Payments is defined as the difference between total credits and total debits, and it arises from the inability to capture exact information on all transactions conducted between an economy and the rest of the world. It can be calculated as the difference between the financial account balance and the current and capital account balance.

    Further information

  • ESA

    See European System of Accounts (ESA 2010)

  • ESF

    Acronym corresponding to the European Social Fund.

  • ESIS

    See Systemically important investment firms

  • ETE

    Foreign transactions statistics (ETE, by its initials in Spanish). Form by which natural and legal persons (public or private) residing in Spain, other than payment service providers registered in the official registers of the Bank of Spain, declare both transactions carried out with non-residents and assets or liabilities held abroad.

    Further information

  • EU

    See European Union

  • EU 15

    See European Union

  • EU 25

    See European Union

  • EU 27

    See European Union

  • EU 28

    See European Union

  • Euribor

    Reference interest rate used as a basis in financial contracts and calculated from actual market transactions.

    Further information

  • Euro area

    See Economic and Monetary Union (EMU)

  • European Central Bank

    An organization founded on June 1, 1998, with its own legal personality, which constitutes the core of the European System of Central Banks (ESCB) —composed of the European Central Bank (ECB) and the central banks of the European Union member states— and the Eurosystem —consisting of the ECB and the central banks of the states that have adopted the euro—. In the statistical context, the ECB compiles statistics to support its monetary policy and supervisory functions.

    Further information

  • European long-term investment funds (ELTIFs)

    Type of fund that primarily invests in companies and projects that need long-term financing.

    Further information

  • European social entrepreneurship funds (EuSEF)

    Type of fund that invests at least 70% of its capital in companies whose primary objective is to achieve a positive and measurable social impact, that are responsibly and transparently managed, and whose shares are not admitted to trading on a regulated market or multilateral trading system at the investment date.

    Further information

  • European System of Accounts (ESA 2010)

    A detailed and integrated system of macroeconomic accounts based on a set of internationally agreed statistical concepts, definitions, classifications, and accounting rules, aimed at providing a harmonized quantitative description of the economies of the European Union member states. The ESA 2010 is the Community version of the United Nations System of National Accounts 2008 (SNA 2008).

    Further information

  • European System of Central Banks (ESCB)

    The European System of Central Banks (ESCB), established by the Treaty on European Union (TEU), is composed of the European Central Bank (ECB) and the national central banks of all European Union (EU) member states, regardless of whether they have adopted the euro or not.

  • European Union

    The European Union (EU) is a geopolitical entity that covers a large part of the European continent. It is a unique economic and political association in the world, consisting of 27 countries. Its main objectives are: the creation of an area without internal borders, the strengthening of economic and social cohesion, and the establishment of an economic and monetary union.

    Further information

  • European venture capital funds (EuVECA)

    Venture capital funds that, by meeting a set of uniform requirements and conditions in the European Union, are marketable within that area.

    Further information

  • Eurostat

    Statistical office under the European Commission responsible for standardizing, compiling, and publishing European Union statistics. Most of the data comes from institutions that produce statistics in the various Member States, such as national statistical institutes and national central banks (websiteOpens in new window).

  • Eurosystem

    System of central banks of the euro area. It comprises the European Central Bank and the national central banks of the member states that have adopted the euro.

    Further information

  • Excessive deficit procedure

    The excessive deficit procedure (EDP) aims to ensure that European Union (EU) countries with excessive budget deficits and/or debt levels correct them.

    Further information

  • Exchange rate

    The relationship between the value of two different currencies, that is, the value or price of one country’s currency in terms of another currency.

    Further information

  • External debt

    Gross external debt is the amount outstanding at a given time of non-contingent financial liabilities incurred by residents of an economy to non-residents, with a future commitment to pay principal, interest, or both.

    Net external debt is the result of deducting from gross external debt the holdings of external financial assets in the form of debt instruments.

    Further information

  • Extraordinary dividend

    An extraordinary dividend or superdividend is a distribution of profits obtained for exceptional reasons such as the sale of assets or income of an extraordinary nature.

    This profit has not been generated by the company's ordinary activity and does not occur regularly over time.

    Further information

  • €STR

    Euro short-term rate.

    Further information

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