1. 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

2. 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

3. 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

4. 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

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

6. 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

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

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

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

10. 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

11. 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

12. 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

13. 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

14. Thank you for your attention
Fadil Fatić, Deputy Director Agency for statistics of Bosnia and Herzegovina