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Economic Statistics in Papua New Guinea1 2 National Statistical Website: http://www.spc.int/prism/country/pg/stats/ Population (millions, 2014): 7.5 2 World Bank Economic Grouping: Lower middle-income GDP Per Capita (2005 PPP, 2012): 2,498 Coordination Advocacy ▪ Agencies involved in economic statistics: ○ National Statistical Office of Papua New Guinea ○ Bank of Papua New Guinea ○ Department of Customs ○ Ministry of Finance and Treasury ▪ National Strategy for the Development of Statistics is being designed ▪ Statistical law protects confidentiality and independence of statistical information ▪ Semi-centralized statistical system ○ Responsibilities are clearly defined for agencies involved in ▪ Publication policies are not in place ▪ Contact points are not publicized for each 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 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 SPC, Australia, FAO, IMF, UNICEF, and the World Bank ▪ 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 Quarterly Quarterly Not Specified Annually Every 10 years Every 5 years 24 months 2 months 2 months 24 months 12 months 6 months 18 months N/A N/A Standards/Classifications - SNA 1968 (2008 planned) - ISIC Rev. 3.1 (Rev. 4 planned) - COICOP - Plans to make BoP coherent with BPM6 Quality assessment framework is available and used to monitor the quality of economic statistics outputs × Centralized national metadata repository is not available × Centralized business register is not currently used 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 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 not available × Reported frequencies for indicators in the Core Set compared to RPES recommendations Table Legend Meet or Exceed Recommendations ● Below Recommendations Core Indicator Price and Costs Demand and Output Income and Wealth × Unavailable or No Response Reported Freq. RPES recommendations Consumer price index (CPI) Quarterly Quarterly Producer price index (PPI) Unavailable Quarterly × Commodity price index Unavailable Monthly × External merchandise trade price indices Quarterly 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 Unavailable Quarterly × External trade – merchandise Annually Monthly ● External trade – services Unavailable Quarterly × Short-term indicator (STI) - industry output Annually Quarterly ● STI – services output Annually Quarterly ● STI – consumer demand Unavailable Quarterly × STI – fixed investment Annually 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) Quarterly Quarterly International investment position (IIP) Quarterly Annually External debt Quarterly Quarterly Income distribution Unavailable 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 Annually Quarterly ● General government debt Quarterly Quarterly 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 8 7 Below Recommendations Unavailable or No Response 16