Quarterly Report on Gross domestic product Reference Metadata in Euro SDMX Metadata Structure Agency for Statistics of Bosnia and Herzegovina
	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
	1.4. Contact person function	a) Head of Department for National Accounts b) Junior Officer for national accounts and aggregates
	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
	1.7. Contact phone number	+387 33 911 952  +387 33 911 987
	1.8. Contact fax number	+387 33 220 622
	2. Metadata update
	2.1. Metadata last certified	31.08.2021.
	2.2. Metadata last posted	31.08.2021.
	2.3. Metadata last update	31.08.2021.
	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 Agency for Statistics of Bosnia and Herzegovina (BHAS) compiles national accounts, including quarterly national accounts (QNA), according to the concepts, definitions, classification and accounting rules of European system of account (ESA 2010). Quarterly GDP is compiled by production, income and expenditure approaches. Income approach has not been published yet, but it has been transsmitted to the EUROSTAT. Indicators at detailed level of economic activities (2 or 3digits of NACE Rev. 2) have been used to quarterly allocate the annual estimates for years for which the corresponding annual estimates are available and to produce estimates for the most recent year for which no annual data are available. An important property of the quarterly national accounts is their consistency with the annual accounts, that is, the sum of the four quarters for any given year should be equal to the corresponding annual estimate. This identity is obtained by means of a statistical procedure called „benchmarking”. The Proportional Denton benchmarking method has been used in the compilation of the quarterly GDP of the Bosnia and Herzegovina, thus preserving as much as possible the intra-annual movement of the indicators but subject to the restriction that the sum of the resulting quarterly estimates should be identical to the annual data (the benchmark). Quarterly estimates of GDP are presented at current prices, previous year prices and chain linked values.
	3.2. Classification system	• Classification of Economic activities KD BiH 2010 (NACE rev.2) • CPA 2008 • COICOP • HS • CN • SITC
	3.3. Sector coverage	Given that sectors and subsectors have not yet been introduced in BiH, it is still not possible to run annual sector accounts.
	3.4. Statistical concepts and definitons	Quarterly GDP series provide a timely measure of economic developments and therefore are a useful tool for economic analysis and policy. The quarterly series also provide early estimates of the annual GDP. Quarterly GDP represents the market value of all goods and services produced in a given quarter. Quarterly GDP at market prices is the final result of the production activities of resident production units and can be calculated in three ways. BHAS calculates quarterly GDP by production and expenditure approach. The calculation of quarterly GDP by production approach is done by a combination of direct and indirect methods. The quarterly national accounts adopt the same principles, definitions, and structure of the annual accounts. a method for estimating consumption of manufactured food goods and other manufactured goods is based on a commodity flow approach, where consumption for each item is obtained as the sum of consumption of imported goods and locally produced goods, or: The gross output is defined as the market value of all produced goods and services that are generated by resident producers during an accounting period. Intermediate consumption, according to purchaser's prices, is the value of products and services that are transformed, used and spent in the production process. Quarterly estimates of government expenditure on final consumption are based on relevant indicators taken from the quarterly calculation of GDP according to the production approach. Value added, as the increase in the value of production is equal to the difference between gross output and intermediate consumption. Gross domestic product is a measure of the total value added generated by all resident producer units plus net taxes on products (not included in value added) during the reference period. 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. The main components of GDP by expenditure are: Household final consumption expenditure; Final consumption of non- profit institutions serving households; Final consumption of general government; Gross capital formation; Export and import of goods and services. Quarterly household final consumption expenditure estimates consists of expenditure incurred by resident households on final consumption goods and services for the direct satisfaction of human needs. Quarterly estimates of the final consumption of manufactured goods are based on a commodity flow approach, well as annual estimates, estimates  of final consumption of services are mainly based on indicators (monthly and quarterly surveys). The general government sector consists of the totality of institutional units, which, in addition to fulfilling their political responsibilities and their role of economic regulation, produce principally non-market services (possibly goods) for individual or collective consumption and redistribute income and wealth.  Quarterly estimates of government expenditure on final consumption are based on relevant indicators taken from the quarterly calculation of GDP according to the production approach.
		Gross capital formation consists of: Gross fixed capital formation; Changes in inventories; Acquisitions less disposals of valuables. Indicators of changes in construction were used to estimate gross investment in construction, while the flow of goods method was used to estimate investment in machinery and equipment, as well as in annual estimates.
	3.5. Statistical unit	According to the 2008 SNA, institutional units are divided into two basic groups. One group consists of individual units (natural persons - entrepreneurs or a group of persons forming a household) and the other group consists of legally defined units (legal entities) which are further divided into profit ( companies), 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 statistical and administrative sources. Data collection techniques vary depending on the approach, available data sources, timeliness of published data and other factors.
	3.7. Reference area	Data refer to Bosnia and Herzegovina.
	3.8 Time coverage	2000
	3.9. Base period	Previous year
	4. Unit of measure	Units of measure used: Index (index numbers), percent of change in comparison with the same month of previous year (rate) and percent of change in comparison with the previous month (rate)
	5. Reference period	Month (indices and rates).
	6. Institutional mandate
	6.1. Legal acts and other agreements	• Law on Statistics of Bosnia and Herzegovina, • Multiannual statistical programmes and annual work plans of the Agency for Statistics of Bosnia and Herzegovina, Agreement on the application of uniform methodologies and uniform standards signed between statistical institutions in BiH.
	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 the Agency for Statistics of BiH implements it consistently in practice.
	9.  Frequency of dissemination	Quarterly.
	10. Accessibility and clarity
	10.1. News release	Regular quarterly releases: Gross domestic product for BiH - production approach; Gross domestic product for BIH - expenditure approach
		https://bhas.gov.ba/Calendar/Category/12?lang=en
	10.2. Publications	Publications:
		https://bhas.gov.ba/Calendar/Category/12?lang=en
	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	ESA 2010; Manual for Quarterly National Accounts; Description of sources and methods - QNA Inventory prepared under IPA 2015:
		https://bhas.gov.ba/data/Publikacije/Metodologije/NAC_00_2019_MD_0_E.pdf
	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	Quarterly GDP is the most important macroeconomic indicator that provides a comprehensive picture of the country's economic activity in the quarterly dynamics. This indicator is the basis for economic policy makers to make analyses and make decisions. The key users of the data are: the Ministry of Finance and Treasury of BiH, BiH Directorate for Economic Planning at the Council of Ministers of BiH, the Central Bank of BiH, Eurostat, the IMF, UNECE. The users of this data are also business entities - companies, media and the general public.
	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	Not applicable.
	14. Timeliness and punctuality
	14.1. Timeliness	GDP data are compiled and published quarterly.
	14.2. Punctuality	Data are published according to the Release calendar.
	15. Coherence and comparability
	15.1. Comparability-geographical	GDP compilation is based on international methodologies and recommendations 2008SNA/ESA10 which allows geographical comparability of data with 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. Quarterly GDP data are revised by obtaining new and / or more complete indicators and calculating annual GDP.
	18. Statistical processing
	18.1. Source data	Statistical surveys and administrative data.
	18.2. Frequency of data collection	Data are collected quarterly.
	18.3. Data collection	National accounts combine data from statistical and administrative sources. Data collection techniques vary depending on the compilation approach, available data sources, timeliness of published data and other factors.
	18.4. Data validation	The original data goes through a series of checks relying on the principles of completeness and consistency.
	18.5. Data compilation	Data are processed in excel format.
	18.6. Adjustment	/
	19. Comment	/