Release of GDP figures seen as a milestone

Business

THE National Statistics office released its 2009 to 2016 Gross Domestic Product (GDP) figures in Port Moresby on Wednesday.
Acting national statistician Juliana Komun-Kubak says the 2017 GDP figures will be released in September.
“It is my pleasure to release the Papua New Guinea National Accounts publication on Gross Domestic Product (GDP) at Current and Constant prices for the years 2009 to 2016.”
“The release of this National Accounts series is another milestone achievement for the National Statistical Office (NSO) in its endeavor to provide timely and quality statistics.
“Production of timely and quality statistics to meet the ever increasing demand for statistical information is always challenging to Statistical Offices around the world and PNG NSO is no exception.”
“A key challenge faced by PNG NSO currently is the coordination and collection of source data, in particular administrative data collected by other state agencies.
“The compilation of data from these sources into a coherent set of accounts is also a challenge.
“As the mandated agency to provide statistical services to the community, the NSO strives to overcome these challenges, thus, this release of the national accounts figures is an indication of the efforts the NSO is putting into improving the production of timely and reliable statistics.

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