Republika Srpska Institute of Statistics is a republic administrative organization, belonging to the Ministry of Finance, which produces and delivers statistical data of the republic in a professional and transparent way.

Competence of the Republika Srpska Institute of statistics are defined by:

The Law on Republic Administration (Official Gazette of Republika Srpska, No. 118/08) 

The Law on statistics of Republika Srpska (Official Gazette of Republika Srpska, No. 85/03)

The Law on statistics of BiH (Official Gazette of BiH, No. 26/04)

Amendments to the law on statistics of BiH (Official Gazette of BiH, No. 42/04)

Institute of Statistics is financed by Republika Srpska Budget.