MONITORING OF COUNTRY ECONOMIC DEVELOPMENT BY USING OFFICIAL STATISTICS DATA - WESTERN BALKAN COUNTRIES EXAMPLE Fadil Fatić, Deputy Director of the Agency.

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Presentation transcript:

MONITORING OF COUNTRY ECONOMIC DEVELOPMENT BY USING OFFICIAL STATISTICS DATA - WESTERN BALKAN COUNTRIES EXAMPLE Fadil Fatić, Deputy Director of the Agency for statistics of BiH “INTERNATIONAL CONFERENCE ON REGIONAL MARKET, STATISTICS DEVELOPMENT AND INVESTMENT OPPORTUNITIES” SARAJEVO, 6 – 8 NOVEMBER 2017

The importance of official statistics CONTENT The importance of official statistics Development trends of Western Balkan countries Market characteristics of Western Balkan Countries Contribution of Official statistics to regional development Key fields of cooperation and future directions of statistics modernization

2. IMPORTANCE OF OFFICIAL STATISTICS(1) Official statistical data as a tool for measurement and monitoring of country development Condition: available reliable and timely statistics Secures inputs for defining strategic plans Serves for monitoring of actual set-up goals

1. IMPORTANCE OF OFFICIAL STATISTICS(2) From the Western Balkans countries point of view: Goals: Improvement of business climate Conducting of reforms Increase of competitevness EU integrations Chapter 18 - Acquis Communitaire - Statistics

2. DEVELOPMENT TRENDS IN WESTERN BALKANS COUNTRIES DEVELOPMENT (1)

2. DEVELOPMENT TRENDS IN WESTERN BALKANS COUNTRIES DEVELOPMENT (2) Foreign trade balance in EUR million (partner: European union - 28 countries) Country 2013 2014 2015 2016 Montenegro -628 -697 -647 -870 Macedonia -775 -623 -448 -325 Albania -1.029 -992 -1.094 -1.252 Serbia -786 -592 -327 Bosnia and Herzegovina -1.505 -1.678 -1.638 -1.681 Kosovo -965 -983 -1.007 -1.132 Foreign trade balance in EUR million (partner: all countries) Country 2013 2014 2015 2016 Montenegro -1.398 -1.451 -1.524 -1.736 Macedonia -1.748 -1.758 -1.714 -1.777 Albania -1.938 -2.114 -2.154 -2.399 Serbia -2.933 -2.950 -2.978 -2.494 Bosnia and Herzegovina -3.472 -3.844 -3.510 -3.437 Kosovo -2.155 -2.214 -2.309 -2.480

2. DEVELOPMENT TRENDS IN WESTERN BALKANS COUNTRIES DEVELOPMENT (3)

2. DEVELOPMENT TRENDS IN WESTERN BALKANS COUNTRIES DEVELOPMENT (4)

2. DEVELOPMENT TRENDS IN WESTERN BALKANS COUNTRIES DEVELOPMENT (5)

3. CHARACTERISTICS OF THE WESTERN BALKANS COUNTRIES MARKET(1) Investments – basic development starter Western Balkans countries are relatively small market Forming of regional economic market as an option for strengthening of each country’s position Continuance of structural reforms for future development of the Western Balkans countries

3. CHARACTERISTICS OF THE WESTERN BALKANS COUNTRIES MARKET(1(2) The most important sectors suitable for investments: Services (primarly tourism) Insdustrial production Agricultural production Energy sector Travel and communication infrastructure

4. CONTRIBUTION OF OFFICIAL STATISTICS TO REGIONAL DEVELOPMENT Contribution through: Accelerated harmonization of methodologies and standards Production of as many statistical indicators as possible Facilitating data access to users Preparation of analysis and projections Use of administrative data sources

Creating a regional database (regional business register), 5. KEY AREAS OF COOPERATION AND FUTURE DIRECTIONS OF STATISTICS MODERNIZATION Creating a regional database (regional business register), Use of all available administrative data sources, with goal to rationalize the data collection process, Digitalization of official statistics production, education of statisticians Conducting common meetings, seminars, etc

Thank you for your attention Fadil Fatić, Deputy Director Agency for statistics of Bosnia and Herzegovina email: fadil.fatic@bhas.gov.ba www.bhas.gov.ba