Annual Gross Domestic
Product Reference Metadata in Euro SDMX Metadata Structure Agency for Statistics of Bosnia and Herzegovina |
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1. Contact | |||||
2. Metadata update | |||||
3. Statistical presentation | |||||
4. Unit of measure | |||||
5. Reference period | |||||
6. Institutional mandate | |||||
7. Confidentiality | |||||
8. Release policy | |||||
9. Frequency of dissemination | |||||
10. Accessibility and clarity | |||||
11. Quality management | |||||
12. Relevance | |||||
13. Accuracy and reliability | |||||
14. Timeliness and punctuality | |||||
15. Coherence and comparability | |||||
16. Cost and burden | |||||
17. Data revision | |||||
18. Statistical processing | |||||
19. Comment | |||||
1. Contact | |||||
1.1. Contact organisation | AGENCY FOR STATISTICS OF BOSNIA AND HERZEGOVINA | ||||
1.2. Contact organisation unit | Sector for Economic Statistics -National accounts department | ||||
1.3. Contact name | a) Edina Kozić b) Vanja Erak |
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1.4. Contact person function | a) Head of Department for National Accounts b) Junior Officer for national accounts and aggregates |
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1.5. Contact mail address | Zelenih beretki 26, 71 000, Sarajevo | ||||
1.6. Contact email address | edina.kozic@bhas.gov.ba vanja.erak@bhas.gov.ba |
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1.7. Contact phone number | +387 33 911 952 +387 33 911 987 |
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1.8. Contact fax number | +387 33 220 622 | ||||
2. Metadata update | |||||
2.1. Metadata last certified | 30.09.2017. | ||||
2.2. Metadata last posted | 30.09.2017. | ||||
2.3. Metadata last update | 30.09.2017. | ||||
3. Statistical presentation | |||||
3.1. Data description | National
Accounts are compiled of a series of macroeconomic indicators, which provide
a comprehensive picture of the economic situation and serve as a basis for
economic analysis, forecasting and decision-making. The main aggregates of
national accounts is Gross Domestic Product (GDP), which is calculated on an
annual and quarterly basis. The methodology used is consistent with the
System of National Accounts (SNA 2008) and the European System of National
Accounts (ESA 2010). GDP measures the total value of goods or services
produced by resident institutional units. Agency for statistics of BiH (BHAS)
carries out the calculation of annual GDP by production, income and
expenditure approach. The data are available at current prices, previous year prices and chain linked
values. The estimation of GDP includes all activities within the production
boundary defined methodologies SNA 2008 and ESA 2010 and covers the entire
territory of BiH. The value of non observed economy as well as value of
dwellings for owner occupied dwelings
are included in official data of GDP. The value NOE is not included
yet in value GDP by expenditure side. The calculation GDP by income approach is done using same sources data and similar procedures as production approach. For the calculation of GDP at constant prices the concept of the single indicator method is used. The calculation of gross national income is done using data from Central bank BiH. |
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3.2. Classification system | • Classification of Economic activities KD BiH 2010 (NACE
rev.2) • CPA 2008 • COICOP • HS • CN • SITC |
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3.3. Sector coverage | Sectors that are included are: non-financial sector, financial sector, government sector, household sector and NPISH sector. | ||||
3.4. Statistical concepts and definitons | Gross domestic product by production approach is equal to the value of all goods and services produced
in the economy (output) less the value of all goods and services used in the
production process (intermediate consumption). Gross output is defined as a market value of produced goods and services. It is calculated by activities at basic prices, since all subsidies are treated as subsidies on products. Intermediate consumption includes the value of products and services used as input in process of production to produce other product and services in accounting period. Gross value added as increase in value of production is equal to difference between gross output and intermediate consumption. Gross domestic product is computed by adding together the total gross value added and taxes less subsidies on products. Gross domestic product (GDP) by expenditure approach is defined as total domestic final consumption corrected by external trade balance with the rest of the world. Household final consumption expenditure consists of expenditure incurred by resident households on consumption goods and services for the direct satisfaction of human needs and wants. Final consumption expenditure of non-profit institutions serving households consist of goods and services which non-profit institutions provide to households free or at prices that are not economically significant. Government final consumption expenditure are expenses of the government sector to the individual and collective consumer services. Gross capital formation is composed of gross fixed capital formation, changes in stocks and acquisition less disposals of valuables. Import and export of goods and services are based on the balance of payments data taken over from Central bank of Bosnia and Herzegovina. The export value of goods is calculated by fob, while import value of goods is calculated by cif. |
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3.5. Statistical unit | According to SNA2008, institutional units are divided into two basic groups. One group consists of individual units (natural persons - entrepreneurs or a group of persons that make up the household) and the other group consists of legally defined units (legal entities) which are further divided into for-profit (enterprises), non-profit institutions, financial institutions - banks and insurance companies , state institutional units - budget and budget users. | ||||
3.6. Statistical population | National Accounts combine data from multiple sources so that the concept of the statistical population cannot be applied in the context of national accounts. | ||||
3.7. Reference area | Data refer to Bosnia and Herzegovina. | ||||
3.8 Time coverage | 2000 | ||||
3.9. Base period | 2015 | ||||
4. Unit of measure | The data are presented in KM, EUR and USD. Data in EUR and USD are obtained by converting KM in EUR an USD using annual exchange rates for mentioned currencies. | ||||
5. Reference period | Calendar year | ||||
6. Institutional mandate | |||||
6.1. Legal acts and other agreements | •
Law on statistics of Bosnia and Herzegovina, • Multiannual statistical programmes and work plans of Bosnia and Herzegovina, • International recommendations and manuals (Eurostat, IMF, UN). |
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6.2. Data sharing | Memorandum of Understanding signed between the Agency and other institutions (Central Bank, Indirect Taxation Authority, DERK, DEP) established the framework for future cooperation in the area in which the institutions are interested - in collecting and strengthening the quality and reliability of statistics. | ||||
7. Confidentiality | |||||
7.1. Confidentiality-policy | Confidentiality of statistical data is regulated by law and the personnel conducting statistical surveys has the legal obligation to protect confidentiality. Law on Statistics of BiH (Off. Gazette of BiH 26/04 and 42/04 - Chapter XI - Article 23.-29.) establishes the principle of confidentiality as one of the main principles. Agency for statistics of BiH distributes statistics in line with statistical principles of the European Statistics Code of Practice and in particular with the principle of statistical confidentiality. | ||||
7.2. Confidentiality-data treatment | The document "Rules on the Protection of Statistical Data in the Agency for Statistics" lists procedures for ensuring confidentiality during collection, processing and dissemination - including protocols for securing individual data being accessed, rules for defining confidential cells in output tables and procedures for the detection and prevention of subsequent disclosures as well as access to microdata for research purposes. By signing the Memorandum of Understanding with Agency for statistics of Bosnia and Herzegovina, data users having access to individual data are obliged to: treat individual anonymized data as confidential in accordance with the rules, regulations and procedures, ensure adequate protection of individual data in accordance with the rules, regulations and procedures, protect the transfer of microdata and destroy the media where the data are, as well as the accompanying documentation, five days after the publication of the results. | ||||
8. Release policy | |||||
8.1. Release calendar | At the end of December every year, BHAS announces the Release Calendar with the precise date and time of publication of the statistics for the following year. | ||||
8.2. Release calendar access | The Calendar is placed on: | ||||
https://bhas.gov.ba/Calendar/ | |||||
8.3. User access | The principle that all users have equal access to statistical data on an impartial basis is set out in Article 8, paragraph 2, point h, and Article 19 paragraph 2 of the Law on Statistics of Bosnia and Herzegovina and BHAS consistently implements it in practice. | ||||
9. Frequency of dissemination | Yearly. | ||||
10. Accessibility and clarity | |||||
10.1. News release | Regular
annual releases: Gross domestic product for BiH - production approach Gross domestic product for BiH - income approach Gross domestic product - expenditure approach |
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https://bhas.gov.ba/Calendar/Category/12 | |||||
10.2. Publications | The thematic bulletin "Gross domestic product according to production, income and expenditure approach": | ||||
https://bhas.gov.ba/Calendar/Category/12 | |||||
BiH in figures - section"Economy": | |||||
https://bhas.gov.ba/Calendar/Category/30 | |||||
10.3. On-line database | The online database of BHAS not available. | ||||
10.4. Micro-data access | Micro-data are not available. | ||||
10.5. Other | There are no other dissemination means. | ||||
10.6. Documentation on methodology | Description sources and method used in calculation non-financial accounts for BiH: | ||||
https://bhas.gov.ba/Calendar/Category/12 | |||||
SNA 2008; ESA 2010 | |||||
10.7. Quality documentation | / | ||||
11. Quality management | |||||
11.1. Quality assurance | Quality Management Policy as an element of the system of quality management generally is related to the following components: product quality of the process as well as other elements of the system for quality management, such as planning and controls. To assure the quality of processes and products, Agency for statistics is the implementation of the Quality management model (TQM) done using the CAF tool. The Common Assessment Framework (CAF) is a total quality management tool developed by the public sector for the public sector, inspired by the Excellence Model of the European Foundation for Quality Management (EFQM). Process of self-assessment identifies and monitors all organization results, provides feedback on organizational capacity and results of policy and planning processes. The scoring tool for self-assessment has 9 key indicators and 28 criteria based on which it is possible to measure management level achieved and determine which are the critical points for improvements in future. It looks at the organization from different angles at the same time: the holistic approach to organization performance analysis. BHAS use „The CAF guidelines for implementation “and a 10-step implementation plan developed to help organizations use it in the most efficient and effective way. Process of self-assessment identifies and monitors all-important organizational results and provides feedback on organizational capacities and results of policy and planning processes. This model of quality monitoring requires the development of a standardized questionnaire that includes all principles in the model. Agency for statistics of BiH is committed to quality assurance in the production of official statistics based on Article 19, Paragraph (1) “Law of Statistics BIH, Official Gazette of BiH 26/04; 42/04”. In order to ensure the quality of statistics Agency developed a documented Policy and programme for quality management which is available on web site: | ||||
https://bhas.gov.ba/Content/Read/92?title=Kvalitet | |||||
11.2. Quality assessments | The quality of official statistics’ products (main indicators/statistics) are regularly assessed in quality reports through the calculation of quality indicators. On other hand, processes included in statistical production are assessed by specific process quality indicators in quality reports and additionally through Generic Statistical Business Process Model (GSBPM) documentation. | ||||
12. Relevance | |||||
12.1. User needs | Users of statistical data can easily and simply access investment data, as they are published on the Agency's website and in printed publications (Press release and Bulletin). | ||||
12.2. User satisfaction | One of the key elements in securing the quality of statistical data is monitoring the users’ satisfaction. The results of the User Satisfaction Survey are available on: | ||||
https://bhas.gov.ba/data/Dokumenti/Kvalitet/AZK2020_BS.pdf | |||||
12.3. Completeness | All key indicators, which are required by EU legislation and international standards for national accounts, are produced. | ||||
13. Accuracy and reliability | |||||
13.1. Overall accuracy | / | ||||
13.2. Sampling error | / | ||||
13.3. Non -sampling error | / | ||||
14. Timeliness and punctuality | |||||
14.1. Timeliness | Data are published in accordance with the Annual plan of statistical survey and Calendar of Statistical Data. | ||||
14.2. Punctuality | Data are published according to the Release calendar. | ||||
15. Coherence and comparability | |||||
15.1. Comparability-geographical | Appled of Regulation (EC) No. 549/2013 which prescribes the application of ESA 2010 methodology enabled the geographical comparability of data between BiH and other countries. | ||||
15.2. Comparability-over time | As a result of IPA 2017, a time series of GDP data for 2000-2020 was prepared for all three approaches. | ||||
15.3. Coherence-cross domain | / | ||||
15.4. Coherence-internal | / | ||||
16. Cost and burden | There is no information on cost and burden. | ||||
17. Data revision | |||||
17.1. Data revision-policy | The Agency for statistics of Bosnia and Herzegovina does not have an official revision policy document. | ||||
17.2. Data revision-practice | Data revision is a continuous process and is performed with the aim of improving previously published data. The reasons for the revision may relate to changes in data sources, the use of new methodologies and classifications with the aim of full comparability of the time series. | ||||
18. Statistical processing | |||||
18.1. Source data | The main data source
for the calculation of GDP by production side are financial statements of
companies, banks, insurance companies, government sector, local governments,
social security founds entrepreneurs and of the lump obtained from the above
sources. All the above sources constituted an administrative data source.
Using the data obtained from statistical surveys too. The main data source for the calculation of GDP by expenditure side are results regulary statistical surveys (external trade statistics, HBS, PRODCOM, CPI, UVI, GFCF) as well as BoP and other sources. |
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18.2. Frequency of data collection | Data is collected once a year. | ||||
18.3. Data collection | National Accounts combine data from many sources. Techniques for collecting data are different, the available sources of information, timeliness of published data and other factors. | ||||
18.4. Data validation | Source data pass through a series of checks data relying to the principles of completeness and consistency (consistency between quarterly and annual data). | ||||
18.5. Data compilation | Data are processed in excel format. | ||||
18.6. Adjustment | In accordance with the recommendations of the Eurostat manual, gross value added for non-covered economic activities (NOE) is adjusted. | ||||
19. Comment | / | ||||