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Economic Statistics in Philippines1 National Statistical Website: http://www.census.gov.ph/ World Bank Economic Grouping: Lower middle-income 2 Population (millions, 2014): 100.1 GDP Per Capita (2005 PPP, 2012): 3,801 2 Advocacy Coordination ▪ Agencies involved in economic statistics: ○ National Statistics Office ○ National Statistical Coordination Board ○ Bangko Sentral ng Pilipinas ▪ Philippine Statistical Development Programme is being implemented ▪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 ○ 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 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 IMF, Canada, FAO, Japan, the World Bank, and UNFPA ▪ Participant in International Comparison Programme for calculating purchasing power parities since 2005 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 Quarterly Quarterly Quarterly Every 3 years Quarterly Every 5 years Every 6 years Every 10 years 2 months 2.75 months No Response 10 months 12 months 6 months 12 months 12 months Standards/Classifications - SNA 1968 (2008 planned) - ISIC Rev. 3.1 (Rev.4 planned) - CPC ver. 2 - COICOP - COFOG - BoP to be BPM6 coherent by June 2014 Quality assessment framework is available and used to monitor the quality of economic statistics outputs Centralized national metadata repository is available and statistical releases are accompanied with metadata 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 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 ● Below Recommendations × Unavailable or No Response Core Indicator Reported Freq. RPES recommendations Consumer price index (CPI) Monthly Quarterly Producer price index (PPI) Monthly Quarterly Commodity price index Unavailable Monthly × External merchandise trade price indices Unavailable Monthly × Wages / Earnings data Every 2 years Quarterly ● Labour costs index / Wage index Every 5 years Quarterly ● GDP (production) nominal and real Quarterly Quarterly GDP (expenditure) nominal and real Quarterly Quarterly External trade – merchandise Monthly Monthly External trade – services Monthly Quarterly Short-term indicator (STI) - industry output Quarterly Quarterly STI – services output Quarterly Quarterly STI – consumer demand Quarterly Quarterly STI – fixed investment Ad-hoc Quarterly ● STI – inventories Ad-hoc Quarterly ● Economy structure statistics Annually Every 5 years Productivity Quarterly Annually Integrated national accounts Ad-hoc Annually ● Institutional sector accounts Ad-hoc Annually ● Balance of payments (BOP) Quarterly Quarterly International investment position (IIP) Annually Annually External debt Quarterly Quarterly Income distribution Other 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 Ad-hoc Quarterly ● General government debt Ad-hoc Quarterly ● Labour supply and demand Quarterly Annually Labour Market Hours worked Quarterly Quarterly Natural Resources and Environment Natural resources Ad-hoc Annually ● Government Summary of Responses to all 31 Indicators in the Core Set (comparison of two columns in the table above) Meet or Exceed Recommendations 19 Below Recommendations Unavailable or No Response 10 2
