E M conomic Statistics in arshall Islands

Economic Statistics in Marshall Islands1
National Statistical Website: http://www.spc.int/prism/country/mh/stats/
World Bank Economic Grouping: lower middle-income
2
Population (thousands, 2014): 52.8
2
GDP Per Capita (2005 PPP, 2012): (no data)
Coordination
Advocacy
▪ Agencies involved in economic statistics:
○ Economic Policy, Planning and Statistics Office
○ Immigration Office
▪ No current plans to implement a National Strategy for
the Development of Statistics
▪
Statistical
law
protects
confidentiality
and
independence of statistical information
▪ Centralized statistical system
○ Responsibilities are clearly defined for agencies
involved in the production of the Core Set
○ Plans are currently being implemented to improve
coordination of production of economic statistics
▪ Publication policies are not in place
▪ Contact points are not publicized for each statistical
subject area
▪ User consultations are not organized by producers of
economic statistics
▪ Awareness of relevance, among users, of official
statistics to economic policy making is considered
sufficient and there are activities in place to improve
upon it
International Collaboration:
▪ Interested in participating in RPES as a recipient but
not as a provider of technical assistance
▪Partnered with the Australian Bureau of Statistics
▪ Participant in International Comparison Programme for
calculating purchasing power parities since 2011
Statistical Infrastructure
Key Collections/Compilations
National Accounts
Balance of Payments
Labour Force Survey
×
×
×
×
Household Income/Expenditure Survey
Enterprise/Establishment Survey
Population Census
Economic Census
Agricultural Census
Frequency
Timeliness
Annually
Annually
Ad-hoc
N/A
N/A
Ad-hoc
N/A
N/A
12 months
12 months
12 months
N/A
N/A
12 months
N/A
N/A
Standards/Classifications
- American standards for SNA,
industrial classification, and
product classification
- BoP coherent with BPM6
× Quality assessment framework is not available
× Centralized national metadata repository is not available
× Centralized business register is not currently used
× No established methods for identifying ‘births’ or ‘deaths’ of businesses
IT systems are considered adequate for producing the Core Set of Economic Statistics
1
This national summary was prepared by ESCAP Statistics Division in November, 2013. Results of the Capacity Screening questionnaire were received
in November, 2013 from 50 of the 58 member countries who were contacted. Further information on RPES and the Core Set is available here:
http://www.unescap.org/official-documents/committee-on-statistics/session/2
2
ESCAP Statistical Yearbook for Asia and the Pacific 2014: http://www.unescap.org/resources/statistical-yearbook-asia-and-pacific-2014
Technical Skills
× Human resources are not considered adequate for producing the Core Set
Documentation of internal processes and staff manuals are available
Reported frequencies for indicators in the Core Set compared to RPES recommendations
Table Legend
Meet or Exceed Recommendations
● Below Recommendations
Core Indicator
Reported Freq.
Quarterly
Quarterly
Unavailable
Quarterly
×
Commodity price index
Unavailable
Monthly
×
External merchandise trade price indices
Unavailable
Monthly
×
Annually
Quarterly
●
Wages / Earnings data
Labour costs index / Wage index
Demand and Output
Unavailable
Quarterly
×
GDP (production) nominal and real
Annually
Quarterly
●
GDP (expenditure) nominal and real
Annually
Quarterly
●
External trade – merchandise
Annually
Monthly
●
External trade – services
Unavailable
Quarterly
×
Short-term indicator (STI) - industry output
Unavailable
Quarterly
×
STI – services output
Unavailable
Quarterly
×
STI – consumer demand
Unavailable
Quarterly
×
STI – fixed investment
Unavailable
Quarterly
×
STI – inventories
Unavailable
Quarterly
×
Annually
Every 5 years
Unavailable
Annually
×
Economy structure statistics
Productivity
Income and Wealth
RPES recommendations
Producer price index (PPI)
Consumer price index (CPI)
Price and Costs
× Unavailable or No Response
Integrated national accounts
Annually
Annually
Institutional sector accounts
Annually
Annually
Balance of payments (BOP)
Annually
Quarterly
●
Unavailable
Annually
×
International investment position (IIP)
External debt
Annually
Quarterly
●
Unavailable
Every 5 years
×
Assets / liabilities of depository corporations
Annually
Monthly
●
Broad money and credit aggregates
Annually
Monthly
●
Interest rate statistics
Annually
Monthly
●
General government operations
Annually
Quarterly
●
General government debt
Annually
Quarterly
●
Income distribution
Money and Banking
Government
Labour supply and demand
Labour Market
Hours worked
Natural Resources and
Environment
Natural resources
Unavailable
Annually
×
No Response
Quarterly
×
Unavailable
Annually
×
Summary of Responses to all 31 Indicators in the Core Set (comparison of two columns in the table above)
Meet or Exceed Recommendations
4
11
Below Recommendations
Unavailable or No Response
16