| Category: |
Other producers of official statistics |
| Area: |
ONAs |
| Survey / data collection: |
Balance of paymentss of Montenegro |
Note: For any question on metadata, please contact MONSTAT metadata support.
| 1. Contact Vrh |
| 1.1. Contact organization: |
Central Bank of Montenegro |
| 1.2. Contact organization unit: |
Sector for Financial Stability and Research and Statistics |
| 1.2. Contact organization unit: |
Bulevar Sv. Petra Cetinjskog 6, 81000 Podgorica |
| 2. Metadata update Top |
| 2.1. Metadata last certified: | 06-Dec-23 |
| 2.2. Metadata last posted: | 29 December 2023 |
| 2.3. Metadata last update: | 06-Dec-23 |
| 3. Statistical presentation Top |
| 3.1. Data description: | Balance of payments comprises data on international transactions as a part of current account (goods, services, primary and secondary income) and capital and financial account (foreign direct investment, portfolio investment, other investment and CBCG reserve assets). |
| 3.2. Classification system: | Classification in accordance with BPM6 (Balance od Payments and International Investment Position Manual, sixth edition, IMF) and EU regulations (Regulation (EC) No 1842005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment; Regulation (EU) No 5552012 of 22 June 2012 amending Regulation (EC) No 1842005 of the European Parliament and of the Council on Community statistics concerning balance of payments, international trade in services and foreign direct investment) |
| 3.3. Sector coverage: | Banks have the reporting obligation and, upon request of the CBCG, other residents in accordance with the Law on Foreign Current and Capital Operations with Abroad. |
3.4. Statistical concepts and
definitions: | In line with international standards (BPM6) and EU regulations. |
| 3.5. Statistical unit: | Resident s sectors (CBM, banks, general government and other sectors) having debt liabilities to non-residents. |
| 3.6. Statistical population: | Residents having transactions with nonresidents in accordance with BPM6. |
| 3.7. Reference area: | Montenegro |
| 3.8. Time coverage: | Quarterly data from 2005 onward. |
| 3.9. Base period: | Attn. |
| 6. Institutional mandate Top |
6.1. Legal acts and other
agreements: | National regulation: The Law on Official Statistics and Official Statistical System (Official Gazette of Montenegro No 1812, 4719), Law on Central Bank of Montenegro (Official Gazette of Montenegro No 4010, 4610, 6213,7017) and Law on Current and Capital Affairs with Abroad (Official Gazette of the Republic of Montenegro No 4505 and Official Gazette of Montenegro No 6208,6213,7017), Decision on Keeping Separate Record on Current and Capital Operations with Abroad and Data Submission on These Operation (Official Gazette of Montenegro No 82017,1819), Decision on Statistical Data to be Submitted to the Central Bank of Montenegro for the Purpose of Compiling the Balance of Payments Statistics (Official Gazette of Montenegro No 6112, 2418) and the Decision on Cash Amount that Can Be Entered and Take Out from Montenegro Without Declaration (Official Gazette of Montenegro No 3810). International regulation: Balance of Payments and International Investment Manual - BPM6, External Debt Statistics: Guide for Compilers and Users (EDS), Regulation (EC) No 1842005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment; Regulation (EU) No 5552012 of 22 June 2012 amending Regulation (EC) No 1842005 of the European Parliament and of the Council on Community statistics concerning balance of payments, international trade in services and foreign direct investment, as regards the update of data requirements and definitions; Regulation (EU) 20161013 of the European Parliament and of the Council of 8 June 2016 amending Regulation (EC) No 1842005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment. |
| 6.2. Data sharing: | National institutions: Monstat, Ministry of Finance and Social Welfare International: IMF, Eurostat |
| 7. Confidentiality Top |
| 7.1. Confidentiality - policy: | Domestic regulation: Law on Official Statistics and Official Statistical System (Official Gazette of Montenegro No 1812,4719), Law on Central Bank of Montenegro (Official Gazette of Montenegro No 4010, 4610, 613, 7017) International regulation: Regulation (EC) No 2232009 of the European Parliament and Council adopted on 11 March 2009 on the European Statistics regulates protection and transmission of confidential data in ESS and ESCB |
7.2. Confidentiality - data
treatment: | Data are available to the public in aggregate form. |
| 8. Release policy Top |
| 8.1. Release calendar: | Data are published in accordance with the date defined in the official release Calendar. The calendar is publicly available. |
| 8.2. Release calendar - access: | https:www.cbcg.meenstatisticsrelease-calendar |
| 8.3. User access: | Data is published at the CBCG website, according to the release calendar, and available to all users at the same time. |
| 10. Accessibility and clarity Top |
| 10.1. News release: | Attn. |
| 10.2. Publications: | Bulletin CBCG, Quarterly and Annual Macroeconomic report, Annual Report of the CBCG, Inflation Report (https:www.cbcg.meenpublicationsregular-publications) |
| 10.3. Online database: | Attn. |
| 10.4. Micro-data access: | Attn. |
| 10.5. Other: | Apart from the web site of the CBCG (https:www.cbcg.meenstatisticsstatisticalinternational-economic-relationsbalance-of-payments), the data are also available at web site of National Summary Data Page (NSDP)-Montenegro, IMF (https:data.imf.orgregular.aspx?key=61545858), Eurostat (http:appsso.eurostat.ec.europa.eunuishow.do?dataset=bop_c6_q) |
10.6. Documentation on methodology:
domain: | Bulletin CBCG (https:www.cbcg.meenpublicationsregular-publicationscbcg-bulletin) |
| 10.7. Quality documentation: | By the Law on Official Statistics and the System of Official Statistics (Official Gazette of Montenegro No. 1812, 4719) and the Law on the Central Bank of Montenegro ("Official Gazette of Montenegro", No. 4010, 4610, 613, 70 17) a commitment to quality is defined, which ensures that producers of official statistics in Montenegro work in accordance with international principles of quality of the statistical system. The operating procedures of the Department for Financial Stability, Research and Statistics. |
| 11. Quality management Top |
| 11.1. Quality assurance: | The quality is ensured by the use of international standards and statistical concepts presented in the BPM6 and EU regulations. |
| 11.2. Quality assesment: | Attn. |
| 12. Relevance Top |
| 12.1. User needs: | National users: ministries and other institutions of public administration, Statistical Office of Montenegro, researchers, media and others. International users: IMF, World bank, Eurostat, UNCTAD, foreign embassies, researchers and other. |
| 12.2. User satisfaction: | Attn. |
| 12.3. Completeness: | Attn. |
| 15. Coherence and Comparability Top |
15.1. Comparability -
geographical: | The data comparability is ensured by applying international documents and methodology (BPM6). |
| 15.2. Comparability over time: | Time series is fully comparable for data from 2010 onward (BPM6), while data for earlier years are published in accordance with BPM5 methodology. |
15.3. Coherence - cross
domain: | Attn. |
| 15.4. Coherence - internal: | Attn. |
| 17. Data revision Top |
| 17.1. Data revision - policy: | Revisions are made for the current and previous years. Data are also revised ad hoc whenever addition information becomes available. In case of significant revisions, it is noted in publications with an explanation of the circumstance under which the revision is made. |
| 17.2. Data revision - practice: | There is always a note in the published tables indicating preliminary data. Additionally, the revisions are noted in publications. |
| 18. Statistical processing Top |
| 18.1. Source data: | The main data sources are: ITRS, CBCG (monetary statistics, statistics of banking operations, etc.), administrative sources (Monstat, Ministry of Finance and Social Welfare) and different types of questionnaires and estimations. |
18.2. Frequency of data
collection: | Data are compiled on a daily, decade and monthly level. |
| 18.3. Data collection: | Direct reporting by banks, administrative sources, estimations. |
| 18.6. Adjustment: | Attn. |
