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Economic Statistics in Palau1 2 National Statistical Website: http://www.palaugov.net/stats/ World Bank Economic Grouping: Upper middle-income Population (thousands, 2014): 21.1 2 GDP Per Capita (2005 PPP, 2012): 16,402 Coordination Advocacy ▪ Agencies involved in economic statistics: ○ Bureau of Budget and Planning ▪ 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 ▪ 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 not considered sufficient and there are no activities in place to improve upon it the production of the Core Set ○ Plans are currently being implemented to improve coordination of production of economic statistics International Collaboration ▪Interested in participating in RPES as a recipient but not as a provider of technical assistance ▪ Partnered with ABS, SPC, IMF, and PFTAC ▪ 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 N/A Not Specified N/A Every 10 years N/A N/A 12 months 12 months N/A 12 months N/A 12 months N/A N/A Standards/Classifications - SNA 1993 - BoP coherent with BPM6 × × × 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’ and ‘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 NSDS information for developed countries is not included in the national summary. 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 Producer price index (PPI) Unavailable Quarterly × Commodity price index Unavailable Monthly × External merchandise trade price indices Unavailable Monthly × Quarterly Quarterly Unavailable Quarterly × GDP (production) nominal and real Annually Quarterly ● GDP (expenditure) nominal and real Unavailable Quarterly × 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 × Economy structure statistics Unavailable Every 5 years × Productivity Unavailable Annually × Integrated national accounts Unavailable Annually × Institutional sector accounts Unavailable Annually × Wages / Earnings data Labour costs index / Wage index Demand and Output External trade – merchandise Income and Wealth Balance of payments (BOP) Annually Quarterly ● International investment position (IIP) Unavailable Annually × External debt Unavailable Quarterly × Income distribution Unavailable Every 5 years × Annually Monthly ● Unavailable Monthly × Interest rate statistics Annually Monthly ● General government operations Annually Quarterly ● Assets / liabilities of depository corporations Money and Banking Government RPES recommendations Quarterly Consumer price index (CPI) Price and Costs × Unavailable or No Response Broad money and credit aggregates General government debt Annually Quarterly ● 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 2 7 Below Recommendations 22 Unavailable or No Response
