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Economic Statistics in Nepal1 National Statistical Website: http://www.stats.govt.nz/ World Bank Economic Grouping: High-income 2 Population (millions, 2014): 28.1 GDP per capita (2005 PPP, 2012): 1.276 2 Coordination Advocacy ▪ Agencies involved in economic statistics: ○ Central Bureau of Statistics ○ Ministry of Finance (Dept of Customs) ○ Ministry of Commerce and Supply ○ Ministry of Agriculture ○ Ministry of Tourism, Civil Aviation & Culture ○ Financial Comptroller General Office ○ Nepal Rastra Bank ▪ 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 ▪ There is sufficient awareness, knowledge and appreciation among users/potential users of the relevance of official statistics for economic policy International Collaboration ▪ Interested in participating in RPES as a provider but not as a recipient of technical assistance ▪ Involved in projects aimed at supporting capacity building in the Pacific sub-region ▪ Participant in International Comparison Programme for calculating purchasing power parities since the mid1980s 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 Standards/Classifications Annually Monthly Ad-hoc Every 5 years Every 5 years Every 10 years N/A Every 5 years 2 months 1 month 12 months 12 months Not reported 12 months N/A 12 months - SNA 1993 (2008 planned) - ISIC Rev. 3.1 - CPC ver. 1.1 - COICOP - COFOG - Plans to make BoP coherent with BPM6 Statistical releases are accompanied with metadata × Quality assessment framework is not available and used to monitor the quality of economic statistics outputs × Not centralized national metadata repository × Not centralized business register is currently used for multiple statistical products × There are 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 October 2015. Results of the Capacity Screening questionnaire were received starting in November, 2013 from 51 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 Documentation of internal processes and staff manuals are available × Human resources are not considered adequate for producing the Core Set Reported frequencies for indicators in the Core Set compared to RPES recommendations Table Legend Meet or Exceed Recommendations ● Below Recommendations Core Indicator Reported Freq. Monthly Quarterly Quarterly Commodity price index Unavailable Monthly × External merchandise trade price indices Unavailable Monthly × Other Quarterly ● Producer price index (PPI) Wages / Earnings data Demand and Output Labour costs index / Wage index Quarterly Quarterly GDP (production) nominal and real Annually Quarterly ● GDP (expenditure) nominal and real Every 2 years Quarterly ● External trade – merchandise Monthly Monthly External trade – services Monthly Quarterly Quarterly Quarterly STI – services output Unavailable Quarterly × STI – consumer demand Unavailable Quarterly × STI – fixed investment Unavailable Quarterly × Short-term indicator (STI) - industry output STI – inventories Economy structure statistics Productivity Income and Wealth Quarterly × Every 5 years Unavailable Annually × Annually Annually Institutional sector accounts Unavailable Annually × Balance of payments (BOP) Monthly Quarterly Unavailable Annually × External debt Annually Quarterly ● Every 5 years Every 5 years Assets / liabilities of depository corporations Annually Monthly ● Broad money and credit aggregates Annually Monthly ● Income distribution Government Unavailable Every 5 years Integrated national accounts International investment position (IIP) Money and Banking RPES recommendations Quarterly Consumer price index (CPI) Price and Costs × Unavailable or No Response Interest rate statistics Weekly Monthly General government operations Annually Quarterly ● General government debt Annually Quarterly ● Labour supply and demand Labour Market Hours worked Natural Resources and Environment Natural resources Unavailable Annually × Ad-hoc Quarterly ● 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 11 Below Recommendations 10 Unavailable or No Response 10
