Accounts Statistics for Aquaculture

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Food Industries, Business Statistics
Michael Brogaard
+45 51 62 70 89

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Accounts Statistics for Aquaculture 2023

The purpose of Account statistics for aquaculture is to show the economy in the Danish aquaculture sector. The statistics is used to monitor the economic development and to compare economic key figures from different farm types. The statistics was first made in 2004 and is comparable in its current form since 2017.

Statistical presentation

The Account statistics for aquaculture is an annual estimation of the production value and costs, results, assets and liabilities and investments of the aquaculture sector in Denmark.

Statistical processing

Data for this statistics are collected yearly from the aquaculture companies' chartered accountants using an electronic accounting form. The collected accounts (the sample) are thoroughly tested, and possible errors corrected in cooperation with the reporting accountant. When all accounts are approved for statistical use, the sample of approved accounts are used together with register data for the entire population to simulate individual accounts for all units not in the sample.

Relevance

The statistics is used by the fish farmers and their organization, Danish Aquaculture, as well as authorities and legislators. The statistics is used in economic models and as a basis for yearly economic statistical reports for aquaculture to EU (DG Mare).

Accuracy and reliability

The statistic is based on a sample, hence the results are uncertain. The aim is to include the biggest companies in the sample, and that 75 per cent of gross revenue is covered by the sample. There are no planned revisions of the statistics.

Timeliness and punctuality

The statistics is normally made public before one year after the conclusion of the reference year.

Comparability

The statistics is comparable from 2004 to present. All EU member states submit statistics to the Directorate-General for Maritime Affairs and Fisheries. Hence, it's possible to make comparisons within the EU. The Danish Fisheries Agency publish a Structure and production statistics for the profession.

Accessibility and clarity

The statistics is published yearly in a Danish press release and in the StatBank under Aquaculture. For more information please see the subject page for these statistics.