This survey is one of the surveys conducted by the Services and Finance Division. It provides detailed data on the Finance and Insurance sector noting that the data are used primarily for calculating the Gross Domestic Product (GDP) and economic indicators. The Division also provides data to planners, researchers and policy makers.
1 – OVERALL VIEW OF THE SURVEY (BACKGROUND)
1 – 1: Introduction
The Finance and Insurance Sector in Jordan is an important economic sector that contributes to data of the Gross Domestic Product (GDP) and employment. In view of this importance, the Department of Statistics (DoS) conducts an annual comprehensive survey of establishments engaged in the activities of this sector such as banks, financial brokerage, insurance companies and auxiliary activities.
The importance of this survey is highlighted by the data it provides covering the number of establishments, compensation of workers, requirements for producing commodities and services, production expenses, gross production, value added, volume of investment through movement of fixed assets, and other data that assist in the preparation of economic statistical indicators and the national accounts.
1 – 3: Survey Coverage
The survey covered all establishments operating in the activities of banking, financial brokerage, insurance companies and their auxiliary activities which amounted to 340 establishments.
2 – THE PREPARATORY PHASE
2 -1: Main Documents of the Survey
These documents include the survey questionnaire, the instruction manual for field workers, office and electronic edit rules and the coding manuals. The main documents are summarized below:
- – The Survey Questionnaire
A comprehensive review of the survey questionnaire is normally carried out at the beginning of each year, taking into account inclusion of all data and information that meet the survey objectives and provides data for preparing the national accounts tables and input and output tables in accordance with international recommendations. The questionnaire includes the following main topics:
– Identification data and general data of the establishment.
– Compensation of employees in the establishment.
– Intermediate consumption of commodity and service inputs.
– Main activity income, secondary activities and other income.
– Payments and receipts from property and financial transactions.
– Taxes on production and imports.
– Financial assets and liabilities, movement of fixed assets and capital formation.
Provide the following data by type of activity:
a) Compensation of employees (salaries, wages and benefits in cash and in kind).
b) Total value of production and intermediate consumption.
c) Measuring the size of capital invested and providing data on capital formation during the year.
d) Estimating the contribution of the Services and Finance Sectors to the Gross Domestic Product (GDP) and to provide the necessary data for preparing the national accounts in accordance with the United Nations System of National Accounts 1993.
e) Data needed for economic analysis.
The survey results are published at the end of May each year.