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Economic Statistics in Guam1 2 National Statistical Website: http://www.bsp.guam.gov/ World Bank Economic Grouping: High income Population (thousands, 2014): 168 2 GDP per capita (2005 PPP): (no data) Coordination Advocacy ▪ Agencies involved in economic statistics: ○ Bureau of Statistics and Plans ○ Department of Labor ○ Department of Revenue and Taxation ▪ National Strategy for the Development of Statistics is being designed ▪ Statistical law protects confidentiality and independence of statistical information ▪ Decentralized statistical system ○ Responsibilities are clearly defined for agencies involved in the production of the Core Set ○ No plans are currently being implemented to improve coordination of production of economic statistics ▪ Publication policies in place and available to users/staff ▪ Contact points 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 both a provider and a recipient of technical assistance ▪ Partnered with the Australian Bureau of Statistics and the United States Department of Commerce ▪ Not a participant in International Comparison Programme for calculating purchasing power parities Statistical Infrastructure Key Collections/Compilations Frequency Timeliness National Accounts Annually 12 months Balance of Payments N/A N/A Labour Force Survey Ad-hoc 3 months Household Income/Expenditure Survey Ad-hoc 60 months Enterprise/Establishment Survey Annually 12 months Population Census Every 10 years 120 months Economic Census Every 5 years 60 months Agricultural Census Every 5 years 60 months × Standards/Classifications Guam uses National Income and Product Account standards for national accounts, industrial classification, and product classification × Quality assessment framework is not available × Centralized national metadata repository is not available Centralized business register is currently used for multiple statistical products ● Established methods for identifying ‘births’ of new businesses but not ‘deaths’ for disbanded 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 Price and Costs Demand and Output Income and Wealth Money and Banking Government ● Below Recommendations ×Unavailable or No Response Core Indicator Reported Freq. RPES recommendations Consumer price index (CPI) Quarterly Quarterly Producer price index (PPI) Unavailable Quarterly × Commodity price index Unavailable Monthly × External merchandise trade price indices Unavailable Monthly × Wages / Earnings data Quarterly Quarterly Labour costs index / Wage index Unavailable Quarterly × GDP (production) nominal and real Annually Quarterly ● GDP (expenditure) nominal and real Annually Quarterly ● External trade – merchandise Quarterly Monthly ● External trade – services Annually Quarterly ● Short-term indicator (STI) - industry output Every 5 years Quarterly ● STI – services output Unavailable Quarterly × STI – consumer demand Unavailable Quarterly × STI – fixed investment Unavailable Quarterly × STI – inventories Unavailable Quarterly × Economy structure statistics Unavailable Every 5 years × Productivity Unavailable Annually × Integrated national accounts Unavailable Annually × Institutional sector accounts Unavailable Annually × Balance of payments (BOP) Unavailable Quarterly × International investment position (IIP) Unavailable Annually × External debt Unavailable Quarterly × Income distribution Annually Every 5 years Assets / liabilities of depository corporations Unavailable Monthly × Broad money and credit aggregates Unavailable Monthly × Interest rate statistics Unavailable Monthly × General government operations Annually Quarterly ● General government debt Annually Quarterly ● Labour supply and demand Unavailable Annually × Labour Market Hours worked Quarterly Quarterly Natural Resources and Environment Natural resources 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 7 Below Recommendations Unavailable or No Response 20
