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Economic Statistics in Bhutan1 National Statistical Website: http://www.nsb.gov.bt World Bank Economic Grouping: Lower middle-income Coordination ▪ Agencies involved in economic statistics: 2 Population (thousand, 2014): 765.6 GDP per capita (2005 PPP, 2012): 5,774 2 Advocacy ○ National Statistics Bureau ▪ National Statistics Development Strategy is being implemented ▪ In the process of drafting a Statistical Act in order to impose laws on statistics ▪ Decentralized statistical system ▪ Publication policies in place and available to users/staff ▪ Contact points publicized for each statistical subject area ▪ Awareness of relevance among users of official statistics is considered sufficient International Collaboration ▪ Interested in participating in RPES as both a provider and a recipient of technical assistance ▪ Partnered with the IMF, JICA, Denmark, UNFPA, UNICEF and the World Bank ▪ Participant in International Comparison Programme for calculating purchasing power parities since 2005 Statistical Infrastructure Key Collections/Compilations Frequency Timeliness National Accounts Annually 9 months Balance of Payments Annually 6 months Labour Force Survey Annually 12 months Household Income/Expenditure Survey Every 5 years 12 months Enterprise/Establishment Survey Annually 12 months Population Census Every 10 years 6 months × Economic Census N/A N/A Agricultural Census Every 5 years 12 months Standards/Classifications - SNA 1993 (2008 planned) - ISIC Rev. 3.1 (R.4 planned) - CPC ver. 1 (v.2 planned) - COICOP - COFOG - BPM6 in plans for BoP × No quality assessment framework is available, but implementation is planned Centralized national metadata repository available and statistical releases are accompanied with metadata × Centralized business register not currently in use but planned × No established methods for identifying ‘births’ and ‘deaths’ of businesses × IT systems are not 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 49 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 Staff manuals on statistical processes are available for internal use Reported frequencies for indicators in the Core Set compared to RPES recommendations Table Legend Meet or Exceed Recommendations ● Below Recommendations Core Indicator Price and Costs Demand and Output Income and Wealth × Unavailable or No Response Reported Freq. RPES recommendations Consumer price index (CPI) Quarterly Quarterly Producer price index (PPI) Quarterly Quarterly Commodity price index Weekly Monthly External merchandise trade price indices Unavailable Monthly × Wages / Earnings data Annually Quarterly ● Labour costs index / Wage index Annually Quarterly ● GDP (production) nominal and real Annually Quarterly ● GDP (expenditure) nominal and real Annually Quarterly ● External trade – merchandise Annually Monthly ● External trade – services Annually Quarterly ● Short-term indicator (STI) - industry output Monthly Quarterly STI – services output Unavailable Quarterly × STI – consumer demand Annually Quarterly ● STI – fixed investment Unavailable Quarterly × STI – inventories Unavailable Quarterly × Economy structure statistics Every 10 years Every 5 years ● Productivity Unavailable Annually × Integrated national accounts Annually Annually Institutional sector accounts Annually Annually Balance of payments (BOP) Annually Quarterly ● International investment position (IIP) Unavailable Annually × External debt Quarterly Quarterly Income distribution Every 10 years Every 5 years ● Assets / liabilities of depository corporations Monthly Monthly Broad money and credit aggregates Monthly Monthly Interest rate statistics Monthly Monthly General government operations Annually Quarterly ● General government debt Annually Quarterly ● Money and Banking Government Labour supply and demand Annually Annually Labour Market Hours worked Annually Quarterly ● Natural Resources and Environment Natural resources Annually Annually Summary of Responses to all 31 Indicators in the Core Set (comparison of two columns in the table above) Meet or Exceed Recommendations 12 Below Recommendations 13 Unavailable or No Response 6