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Economic Statistics in Northern Mariana Islands1 National Statistical Website: http://commerce.gov.mp/divisions/central-statistics/ World Bank Economic Grouping: High-income Population (thousands, 2014): 54.5 2 Coordination Advocacy ▪ Agencies involved in economic statistics: ○ Central Statistics Division, Department of Commerce ○ US Department of Commerce – Bureau of Census ○ US Department of Agriculture – NASS ○ US Bureau of Economic Analysis ▪ Statistical law protects confidentiality and independence of statistical information ▪ Centralized statistical system ○ Responsibilities are not clearly defined for agencies ▪ No publication policies in place ▪ Contact points are not publicized for every statistical subject area ▪ No 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 involved in 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 both a provider and a recipient of technical assistance ▪ Not involved in any international technical cooperation projects aimed at building capacity for economic statistics ▪ 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 N/A Ad-hoc Ad-hoc N/A Every 10 years Every 5 years Every 5 years 1 month N/A Not Specified Not Specified N/A 24 months Not Specified Not Specified Standards/Classifications The US Bureau of Ecoomic Analysis Department of Commerce is responsible for national accounts and all standards and classifications are in line with those of the US × 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 not 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 Quarterly Unavailable Quarterly × Commodity price index Unavailable Monthly × External merchandise trade price indices Unavailable Monthly × Every 2 years Quarterly ● Wages / Earnings data Labour costs index / Wage index Demand and Output Income and Wealth Unavailable Quarterly × GDP (production) nominal and real Annually Quarterly ● GDP (expenditure) nominal and real Annually Quarterly ● External trade – merchandise Unavailable 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 × Balance of payments (BOP) Unavailable Quarterly × International investment position (IIP) Unavailable Annually × External debt Unavailable Quarterly × Income distribution Unavailable Every 5 years × Quarterly Monthly ● Broad money and credit aggregates Unavailable Monthly × Interest rate statistics Unavailable Monthly × Quarterly Quarterly Unavailable Quarterly × Assets / liabilities of depository corporations Money and Banking General government operations Government RPES recommendations Producer price index (PPI) Consumer price index (CPI) Price and Costs × Unavailable or No Response General government debt Labour supply and demand Every 2 years Annually ● Labour Market Hours worked Every 2 years 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 6 Below Recommendations 23 Unavailable or No Response