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Economic Statistics in Maldives1 National Statistical Website: http://www.planning.gov.mv/en/ World Bank Economic Grouping: Upper middle-income 2 Population (thousands, 2014): 351.6 GDP Per Capita (2005 PPP, 2012): 7,819 2 Coordination Advocacy ▪ Agencies involved in economic statistics: ○ Department of National Planning ○ Ministry of Finance and Treasury ○ Maldives Monetary Authority ○ Maldives Customs Services ○ Maldives Inland Revenue Authority ○ Ministry of Economic Development ○ Department of Immigration and Emigration ▪ National Strategy for the Development of Statistics is being implemented ▪ Statistical law protects confidentiality and independence of statistical information ▪ Decentralized statistical system ○ Responsibilities are not clearly defined for agencies involved in the production of the Core Set ○ Plans are not 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 not considered sufficient but 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 IMF, UNFPA, and UNICEF ▪ Participant in International Comparison Programme for calculating purchasing power parities since 2005 Statistical Infrastructure Key Collections/Compilations Frequency Timeliness National Accounts Annually 10 months Balance of Payments Annually 10 months × Labour Force Survey N/A N/A Household Income/Expenditure Survey Enterprise/Establishment Survey Population Census Economic Census Agricultural Census Every 5 years Every 5 years Every 10 years N/A N/A 12 months 12 months 12 months N/A N/A × × × 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 not considered adequate for producing the Core Set of Economic Statistics Standards/Classifications - SNA 1993 (2008 planned) - ISIC Rev. 3 (Rev. 4 planned) - CPC ver. 1 (ver. 2 planned) - COICOP - COFOG - Plans to make BoP coherent with BPM6 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 Documentation of internal considered adequate for producing the Core Set 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. Consumer price index (CPI) Price and Costs Demand and Output RPES recommendations Monthly Quarterly Quarterly Quarterly Commodity price index Unavailable Monthly × External merchandise trade price indices Unavailable Monthly × Wages / Earnings data Unavailable 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 Monthly Monthly External trade – services Ad-hoc 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 × Ad-hoc Every 5 years ● Unavailable Annually × Producer price index (PPI) Economy structure statistics Productivity Income and Wealth × Unavailable or No Response Integrated national accounts Unavailable Annually × Institutional sector accounts Unavailable Annually × Balance of payments (BOP) Annually Quarterly ● Unavailable Annually × Annually Quarterly ● Every 5 years Every 5 years Annually Monthly ● Broad money and credit aggregates Annually Monthly ● Interest rate statistics Annually Monthly ● General government operations Annually Quarterly ● General government debt Annually Quarterly ● International investment position (IIP) External debt Income distribution Assets / liabilities of depository corporations Money and Banking Government Labour supply and demand Unavailable Annually × Labour Market Hours worked Unavailable 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 11 Below Recommendations Unavailable or No Response 16
