National project Concept MALDIVES

Project Support meeting for the Regional Programme on Economic Statistics

Bangkok, 5 May 2016

Strengthening the NSS of Maldives • Scoping mission fielded by ESCAP to Maldives from 19-22 October

2015

• Based of findings from scoping mission a proposal for a forward forward-looking review to develop NSS is developed

• Focus of the review:

• Analyse legislation, Human Resource management, data production and dissemination policies, implementation of FPOS and other operating procedures

• Technical in-depth review on the improvement of economic statistics, with specific recommendations within the monitoring requirements of SDGs

• Provide recommendations for the modernization of statistics production and dissemination

Ongoing activities

• Review questionnaire developed and completion work ongoing

• Fill the questionnaire by NBS during 2nd week of May

• Field mission to Maldives to carry out the assessment from 22 to 26 May, 2016

Review will feed into

• Current NSDS resulting in its revision

• Existing NSDS of Maldives is from 1999 to 2019

• Development of a National Economic Statistics Development Plan

Contents of the review tool/questionnaire • LEGAL SETTING

• 1.1. Protection of professional independence

• 1.2. Mandate for data collection

• 1.3. Census-related legislation

• 1.4. Other legislation affecting statistics

• 1.5. Data security and statistical confidentiality

•

• NATIONAL SYSTEM OF OFFICIAL STATISTICS (NSOS)

• 2.1. Structure of the system

• 2.2. National statistical programming / planning

• 2.3. System coordination mechanisms

• NATIONAL BUREAU OF STATISTICS OF THE MALDIVES

• 3.1. The mission statement of the NBS

• 3.2. The organization of the NBS and the organizational chart

• 3.3. Resource management

• 3.4. Internal and external monitoring of quality and performance

• 3.5. Dissemination policy of the national statistics system

• 3.6. Relations with main stakeholders

• 3.7. International cooperation

Contents of the review tool/questionnaire (cont.) • ECONOMIC STATISTICS PRODUCTION AND

DISSEMINATION

4.1. General questions for economic statistics / Data sources / Registers and surveys

4.2. Prices and costs

• 4.2.1. Consumer price index and other price indexes for the final demand categories, in order to monitor price change in key markets and their impact on different groups in the economy

• 4.2.2. Producer / product price measures sufficient to analyze the causes of price changes and the price links in the product supply chain, e.g. producer price index, commodity price index

• 4.2.3. Average labour costs and earnings

• 4.2.4. Unit labour and wage costs

• 4.2.5. Terms of trade

• 4.2.6. Exchange rates/purchasing power parities (PPPs)

4.3 Demand and output

• 4.3.1. GDP production and expenditure accounts, in current and constant prices, to measure demand and supply

• 4.3.2. External trade

• 4.3.3. Short-term industry output measures

• 4.3.4. Industrial structure statistics

• 4.3.5. Short term, disaggregated demand statistics (consumer, investment – fixed and inventory)

• 4.3.6. Productivity measures

4.4. Income and wealth

• 4.4.1. National accounts for the economy, to measure income, savings, investment, accumulation and wealth

• 4.4.2. National accounts by sector to measure income redistribution, sector income, savings, accumulation, financial investment etc. [minimum sectors: household, government, enterprises]

• 4.4.3. Balance of payments to measure international income and capital flows

• 4.4.4. International investment position, to measure the nation’s overseas net debt

• 4.4.5. External debt statistics

• 4.4.6. Income and wealth distribution statistics

Contents of the review tool/questionnaire (cont.) 4.5. Money and banking

• 4.5.1. Assets / liabilities of the banking system

• 4.5.2. Monetary measures

• 4.5.3. Interest rates

4.6. Government

• 4.6.1 Revenue and expenditure, borrowing and lending

• 4.6.2 Government accounts on a SNA and/or GFS basis

4.7. Labour market

• 4.7.1. Labour supply and characteristics of the labour force

• 4.7.2. Labour/skills demand, employment, unemployment, hours worked, underemployment, employment in the formal/informal sectors

• 4.7.3. Job creation and vacancies

4.8. Multi-domain statistics (to be covered in the scope of economic statistics compilation) 4.8.1. Tourism statistics 4.8.2. Agriculture and fishing statistics

Key Collections

/Compilations

Frequency Update / progress

National Accounts Annual Rebasing to 2014 using SNA 2008 is ongoing.

Published real QNA (P) starting 2015

Balance of Payments Annual Updated to BPM 6

x Labour Force Survey Unavailable LF module included in HIES 2016. Planned to

conduct LFS bi-annually, depending on funding

availability. Sample design prepared for LFS. Plans to

use PDAs for data collection

HIES Every 5 years HIES data collection ongoing and will be completed

by October 2016. Representation at Atoll level

Establishment Survey Every 5 years Latest ES 2012

Population Census Every 10 years Latest Census 2014, reports & tables published.

Included resident foreigners (previous census 2006)

x Economic Census Unavailable

x Agricultural Census Unavailable

STATISTICAL INFRASTRUCTURE

PRICE AND COSTS Core Indicator

Reported

Frequency

RPES

recommendati

ons

Currently ongoing work

Consumer price index (CPI) Monthly Quarterly Shifting towards data

collection using PDAs.

Producer price index (PPI) Quarterly Quarterly

Commodity price index Unavailable Monthly ×

External merchandise trade

price indices

Unavailable Monthly × Compilation of import

and export price indices

work on-going

Wages / Earnings data Unavailable Quarterly ×

Labour costs index / Wage

index

Unavailable Quarterly ×

Meet or Exceed Recommendations ● Below Recommendations × Unavailable or No Response

GDP (production) nominal and real Annually

Quarterly (real only)

Quarterly ● current work plan is to release

GDP expenditure approach

along with the rebased GDP,

and to compile annual SUT

GDP (expenditure) nominal and real Unavailable Quarterly ×

External trade – merchandise Monthly Monthly

External trade – services Annually Quarterly ●

Short-term indicator (STI) - industry output Unavailable Quarterly × This data will be made available

when the quality of data in MIRA

is improved

STI – services output Unavailable Quarterly ×

STI – consumer demand Unavailable Quarterly ×

STI – fixed investment Unavailable Quarterly ×

STI – inventories Unavailable Quarterly ×

Economy structure statistics Ad-hoc Every 5 years ●

Productivity Unavailable Annually ×

GDP (production) nominal and real Annually

Quarterly (real only)

Quarterly ● current work plan is to release

GDP expenditure approach

along with the rebased GDP,

and to compile annual SUT

GDP (expenditure) nominal and real Unavailable Quarterly ×

External trade – merchandise Monthly Monthly

External trade – services Annually Quarterly ●

Short-term indicator (STI) - industry output Unavailable Quarterly × This data will be made available

when the quality of data in MIRA

is improved

STI – services output Unavailable Quarterly ×

STI – consumer demand Unavailable Quarterly ×

STI – fixed investment Unavailable Quarterly ×

STI – inventories Unavailable Quarterly ×

Economy structure statistics Ad-hoc Every 5 years ●

Productivity Unavailable Annually ×

GDP (production) nominal and real Annually

Quarterly (real

only)

Quarterly ● Plan is to release GDP

expenditure approach

along with SUT & rebased

GDP in 2016

& to compile annual SUTs GDP (expenditure) nominal and real Unavailable Quarterly ×

External trade – merchandise Monthly Monthly

External trade – services Annually Quarterly ●

Short-term indicator (STI) - industry

output

Unavailable Quarterly × This data will be made

available when the quality

of data in Maldives Inland

Revenue Authority is

improved

STI – services output Unavailable Quarterly ×

STI – consumer demand Unavailable Quarterly ×

STI – fixed investment Unavailable Quarterly ×

STI – inventories Unavailable Quarterly ×

Economy structure statistics Ad-hoc Every 5 years ●

Productivity Unavailable Annually ×

DEMAND AND OUTPUT Core Indicator

Reported

Frequency

RPES

recommendations

Currently ongoing work

Integrated national accounts Unavailable Annually ×

Institutional sector accounts Unavailable Annually ×

Balance of payments (BOP) Annually Quarterly ●

International investment

position (IIP)

Unavailable Unavailable × Central Bank is

currently working

on this

External debt Annually Annually ●

INCOME AND WEALTH Core Indicator

Reported

Frequency

RPES

recommendations

Currently ongoing

work

Income distribution Every 5 years Every 5

years

HIES 2016

ongoing

Money and Banking

Assets / liabilities of

depository

corporations

Monthly Monthly

Broad money and

credit aggregates

Monthly Monthly

Interest rate statistics Monthly Monthly

Government General government

operations

Monthly Quarterly

General government

debt

Annually Quarterly ●

Labour Market Labour supply and

demand

Unavailable Annually ×

Hours worked Ad-hoc Quarterly ● from 2014

census

Natural Resources

and Environment

Natural resources Unavailable Annually ×

Core Indicator Reported

Frequency

RPES

recommendations

Currently

ongoing work

Summary for all 31 Indicators in the Core set

Previously Current

status

%

Meet / Exceed

recommendation

4 8 25

● Below

Recommendation

11 7 23

× Unavailable / No

response

16 16 52

Status of availability of core set of Economic statistics in Maldives and current status

Key Collections

/Compilations

Frequency Update / progress

National Accounts Annual Rebasing to 2014 using SNA 2008 is ongoing.

Published real QNA (P) starting 2015

Balance of Payments Annual Updated to BPM 6

x Labour Force Survey Unavailable LF module included in HIES 2016. Planned to

conduct LFS bi-annually, depending on funding

availability. Sample design prepared for LFS. Plans to

use PDAs for data collection

HIES Every 5 years HIES data collection ongoing and will be completed

by October 2016. Representation at Atoll level

Establishment Survey Every 5 years Latest ES 2012

Population Census Every 10 years Latest Census 2014, reports & tables published.

Included resident foreigners (previous census 2006)

x Economic Census Unavailable

x Agricultural Census Unavailable

STATISTICAL INFRASTRUCTURE

PRICE AND COSTS Core Indicator

Reported

Frequency

RPES

recommendati

ons

Currently ongoing work

Consumer price index (CPI) Monthly Quarterly Shifting towards data

collection using PDAs.

Producer price index (PPI) Quarterly Quarterly

Commodity price index Unavailable Monthly ×

External merchandise trade

price indices

Unavailable Monthly × Compilation of import

and export price indices

work on-going

Wages / Earnings data Unavailable Quarterly ×

Labour costs index / Wage

index

Unavailable Quarterly ×

Meet or Exceed Recommendations ● Below Recommendations × Unavailable or No Response

GDP (production) nominal and real Annually

Quarterly (real only)

Quarterly ● current work plan is to release

GDP expenditure approach

along with the rebased GDP,

and to compile annual SUT

GDP (expenditure) nominal and real Unavailable Quarterly ×

External trade – merchandise Monthly Monthly

External trade – services Annually Quarterly ●

Short-term indicator (STI) - industry output Unavailable Quarterly × This data will be made available

when the quality of data in MIRA

is improved

STI – services output Unavailable Quarterly ×

STI – consumer demand Unavailable Quarterly ×

STI – fixed investment Unavailable Quarterly ×

STI – inventories Unavailable Quarterly ×

Economy structure statistics Ad-hoc Every 5 years ●

Productivity Unavailable Annually ×

GDP (production) nominal and real Annually

Quarterly (real only)

Quarterly ● current work plan is to release

GDP expenditure approach

along with the rebased GDP,

and to compile annual SUT

GDP (expenditure) nominal and real Unavailable Quarterly ×

External trade – merchandise Monthly Monthly

External trade – services Annually Quarterly ●

Short-term indicator (STI) - industry output Unavailable Quarterly × This data will be made available

when the quality of data in MIRA

is improved

STI – services output Unavailable Quarterly ×

STI – consumer demand Unavailable Quarterly ×

STI – fixed investment Unavailable Quarterly ×

STI – inventories Unavailable Quarterly ×

Economy structure statistics Ad-hoc Every 5 years ●

Productivity Unavailable Annually ×

GDP (production) nominal and real Annually

Quarterly (real

only)

Quarterly ● Plan is to release GDP

expenditure approach

along with SUT & rebased

GDP in 2016

& to compile annual SUTs GDP (expenditure) nominal and real Unavailable Quarterly ×

External trade – merchandise Monthly Monthly

External trade – services Annually Quarterly ●

Short-term indicator (STI) - industry

output

Unavailable Quarterly × This data will be made

available when the quality

of data in Maldives Inland

Revenue Authority is

improved

STI – services output Unavailable Quarterly ×

STI – consumer demand Unavailable Quarterly ×

STI – fixed investment Unavailable Quarterly ×

STI – inventories Unavailable Quarterly ×

Economy structure statistics Ad-hoc Every 5 years ●

Productivity Unavailable Annually ×

DEMAND AND OUTPUT Core Indicator

Reported

Frequency

RPES

recommendations

Currently ongoing work

Integrated national accounts Unavailable Annually ×

Institutional sector accounts Unavailable Annually ×

Balance of payments (BOP) Annually Quarterly ●

International investment

position (IIP)

Unavailable Unavailable × Central Bank is

currently working

on this

External debt Annually Annually ●

INCOME AND WEALTH Core Indicator

Reported

Frequency

RPES

recommendations

Currently ongoing

work

Income distribution Every 5 years Every 5

years

HIES 2016

ongoing

Money and Banking

Assets / liabilities of

depository

corporations

Monthly Monthly

Broad money and

credit aggregates

Monthly Monthly

Interest rate statistics Monthly Monthly

Government General government

operations

Monthly Quarterly

General government

debt

Annually Quarterly ●

Labour Market Labour supply and

demand

Unavailable Annually ×

Hours worked Ad-hoc Quarterly ● from 2014

census

Natural Resources

and Environment

Natural resources Unavailable Annually ×

Core Indicator Reported

Frequency

RPES

recommendations

Currently

ongoing work

Summary for all 31 Indicators in the Core set

Previously Current

status

%

Meet / Exceed

recommendation

4 8 25

● Below

Recommendation

11 7 23

× Unavailable / No

response

16 16 52

Thank you