www.statserb.sr.gov.yu pubstatserb.sr.gov.yu

1
Eurostat-OECD Workshop on the Non-Observed
Economy for the Western Balkan Region, Paris,
23rd to 25th January 2006
DWELLING SERVICES IN THE REPUBLIC OF SERBIA IN
2003 AND 2004 ESTIMATED BY USER COST METHOD
Goran Radisavljevic Ida Kovac National Accounts
Department
www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
2
Contents

• Methodological framework
• Sources
• Methodological adjustment
• Tables
• Impact on GDP

www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
3
Methodological framework

• The User Cost Method for estimating dwelling
  services, part of The International Comparison
  Program 2005, Regional Coordinators Workshop,
  Eurostat, Luxembourg, 2003
• Its further version for countries with a minimum
  data set
• The Synthesis report about implementation of the
  User Cost Method for estimating dwelling services
  in EU candidate countries, Eurostat expert team,
  2003
• The visits by the OECD-EUROSTAT experts, related
  to estimating components of the nonobserved
  economy

www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
4
Sources

• Net stock of owner-occupied dwellings
• The main source - data from the Construction
  department - Population, Households and Dwellings
  Census for 2002
• - the number of dwellings and square meters
  
• - Central Serbia, Vojvodina, Belgrade
  suburb and Belgrade central municipalities
• - town and rural areas
• Prices of newly-built dwellings the regular
  Construction department survey corrected by
  results of the other surveys - data from HBS,
  data from advertising agencies and fromad hoc
  survey made by area-department (prices of newand
  used dwellings )

www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
5
Sources

• Expenditure on maintenance and repair of
  owner-occupied dwellings
• data from the Construction department surveys
• Net insurance premiums paid by owners
• derived from Gross insurance premiums paid on
  owner-occupied dwellings (plus) and Insurance
  claims paid to owners (minus)
• data were taken from a) HBS b) National Bank of
  Serbia - NBS and c) few large insurance companies

www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
6
Intermediate consumption
www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
7
Sources

• Taxes paid by owners on the value of
  owner-occupied dwellings and their associated
  land
• Taxes are not paid by owner-occupiers
• Data were taken from Tax Authority data (The
  Treasury)
• A useful cross-check, data from HBS and available
  information on personal recurrent (annual) taxes
  on owner-occupied dwellings

www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
8
Taxes paid by owners
www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
9
Methodological adjustment

• Recommended Declining balance factor (1.6) -
  in the calculation of fixed capital
• Service life of dwellings (L 75) - was
  calculated as an average of the ages of
  demolished dwellings
• Rate of return (r 1.75) - to obtain the net
  operating surplus

www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
10
Tables
www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
11
www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
12
The average age of dwellings
www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
13
www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
14
Actual rents of dwellings
www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
15
Impact on GDP
The current estimates for imputed rents were made
on the basis of dwellings number and area and
estimation of average rents per m2 for the
Republic of Serbia for 1997. That estimation was
corrected (increased) for private ownership and
then inflated by living cost index (previous year
100) to obtain estimates at current prices.
www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
16
Future work
Downward revision of dwelling services in
national accounts from 1997 as a result of using
estimates derived from User Cost Method
www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu
17
for further contacts e-mail gradisavljevic_at_statse
rb.sr.gov.yu
ikovac_at_statserb.sr.gov.yu

• Statistical Office of the Republic of Serbia
• Belgrade, 5 Milana Rakica St.
• phone[phone]
• fax[phone]
• information phone/fax [phone]
• library and archives 381 11 2412-922/ext 251

www.statserb.sr.gov.yu
pub_at_statserb.sr.gov.yu