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Turnover in services (sts_os_t)

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Agency for Statistics of Bosnia and Herzegovina (BHAS)

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The data are published in the form of quarterly and annual change rates calculated from the other services turnover indices of BiH, quarterly series of base indices (2015 = 100), and gross (unadjusted) indicators (growth rates and indices). 

20 August 2024

Services turnover index is calculated by aggregating the realized turnover data for referent quarter. Services statistics take an important place in the national economy and have a major role in recent decades. The reason for this is the large number of business entities engaged in services, especially in trade activities, and the fact they have a significant contribution in realized turnover of BiH.

STS variable 120 - Turnover is the total invoiced amount that a business entity invoices to third parties for sold goods during the reference period, and it corresponds to their market values. Includes costs associated with the sale, such as transportation, packaging, etc. that are transferred to the customer, even if these amounts are stated separately on invoices. Value Added Tax (VAT) is excluded from the turnover.

Primary goal of services statistics is to provide timely information on change of level of realized turnover and other relevant indicators. The services turnover index is one of the indicators of economic activity in the country, which helps government bodies, and private sector enterprises in the decision-making process. It is also applied for the estimation of service sector output, household consumption, as well as in the calculation of national accounts. Survey methodology is completely harmonized with the one prescribed by new Regulation (EU) 2019/2152 of the European Parliament and of the Council  on European business statistics and Implementing Act no. 2020/1197 (hereinafter EBS regulations) as well as Eurostat recommendations for short-term business statistics (STBS).

Observation units in the statistical survey are business entities/legal units which are, by the main activity, registered to perform activities within following sections :

  • H - Transportation and Storage;
  • I - Accommodation and food service activities;
  • J - Information and communication;
  • M - Professional, scientific and technical activities (excluding group 70.1 and divisions 72 and 75);
  • N - Administrative and support service activities (excluding division 77 and groups 81.1 and 81.3).

For conducting quarterly surveys on STI in BiH the combined method of full coverage and stratified random sampling is used. The sample is divided into strata according to class of financial data (financial report of the previous year) and the activity of business entity (sections H, I, J, M, N - KD BiH 2010). As an additional stratification variable, the number of employees is used. The chosen samples for STI surveys in 2022 are representative at the level of Bosnia and Herzegovina, Federation of BiH, Republika Srpska and District Brčko of BiH.

Target population covers all active business entities/legal units that are, according to the main activity, in the Statistical Business Register registered within respective service indiustries according to KDBiH 2010. In addition, entities/legal units that are, according to their main activity, registered in other activities but realise significant turnover in service activities are also included. Entrepreneurs are not covered by the STI surveys.

Data refer to the whole territory of BiH.

Reference period is a calendar quarter.

Quarterly data are obtained by using the reporting method, using the separate paper questionnaires (K KPS TRAN 01; K KPS USL 01) and represent the basis for estimating data for the total population. Considering a very high response rate for STI (approximately 97.3%) the overall accuracy is very good. For all reporting units included into the sample, data must be completed before data compilation (reporting units are re-called or visited and, if even after re-calling it is not possible to obtain data from them, imputation shall be applied).   

Data from respective STI surveys are published as turnover indices and growth rates (in %).

The starting point is individual turnover data per enterprise weighted by weights calculated by sample strata. The initial weight for units of the same stratum equals the number of units in the stratum and the number of units in the sample. Initial weights are corrected for non-response. In order to obtain the value of the estimated totals of enterprises by strata for the final correction a ratio estimator is used (the ratio between the administrative financial data and the estimated financial data). Aggregation of turnover to higher levels (division, section) is done before index compilation. The index compilation process for BiH level consists of the following phases:

  1. turnover totals are calculated at the level of activity strata of KD BiH 2010 for the Federation of BiH, Republika Srpska and Brčko District BiH;
  2. by data aggregation for all three territorial units, turnover data for each strata for BiH level are obtained;
  3. turnover totals at the strata level are summed up and thus aggregated at higher levels of activity (class, group, division, section);
  4. STI are obtained as the ratio of nominal turnover for the current period (for different levels of activity) and turnover realised in the base year (2015) or previous period.

The STI is compiled at the lower levels of KD BiH 2010 classification. The results are also shown in the form of growth rates (quarterly and annual) representing the change rates in the level of turnover in the current period as compared to the previous period. STI is expressed in nominal values (indices and growth rates expressed in current prices, unadjusted for price effect).

The quarterly STI surveys are the main source of data for the calculation of Other services and Transportation and storage turnover indices (STI), which are conducted in the traditional way by using paper questionnaires (postal survey). The source of data for filling in the questionnaires on Other services and Transportation and storage turnover is the bookkeeping or other relevant documentation of the enterprise. The main observed variable is realised quarterly turnover, VAT is calculated and shown separately. Data are collected at the level of the business entity.

Other services and Transportation and storage turnover indices (STI) for BiH are disseminated quarterly.

Data collection is done on quarterly basis. Reporting units have deadline 15 days after the end of the quarter for submitting data for the previous (reference) quarter. Eventually, few more days are available for re-calling of reporting units, which did not delivered the report in order to get the data for all reporting units. Deadline for data publishing is in average 55 days after the end of referent quarter (t+55) for the level of BiH for the Preliminary results. Preliminary results shall become final on the date of publication of the press release for the next quarter.

Considering that methodology of the STI surveys is harmonised with the EU Regulation 2019/2152 on European business statistics and Commission Implementing Regulation 2020/1197 as well as with Eurostat's recommendations for this statistical area, the data are comparable with those of EU member states.

The data series for Other services, including H53 - Postal and courier activities, from 2010 to 2013 are obtained by the combination of data from administrative sources and other statistical surveys. For the recalculation of historical series overlapping method was used. In parallel with the regular quarterly survey on other services turnover, conducted from 2015, data for reference quarters of 2014 are collected. Starting from Q1 2018, all STI series calculated on the base year 2010 (2010 = 100) have been recalculated to the new base year (2015=100), in order to ensure comparability over time.