库克群岛：国民账户统计技术援助报告团（英）

COOK ISLANDS Mission onNational Accounts Statistics AUGUST2025 PREPARED BYDonna Grcman MEMBERS TheCook Islands, Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru,Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Timor-Leste, Tokelau,Tonga, Tuvalu, Vanuatu DONORS Australia, the Government of Japan, Republic of Korea, New Zealand, United Kingdom,United States of America, Asian Development Bank, and the European Union The contents of this document constitute technical advice provided by the staff of the InternationalMonetary Fund to the authorities of the Cook Islands (the "CD recipient") in response to their request fortechnical assistance. Unless the CD recipient specifically objects to such disclosure, this document (inwhole or in part) or summaries thereof may be disclosed by the IMF to the IMF Executive Director for theCook Islands, to other IMF Executive Directors and members of their staff, as well as to other agencies orinstrumentalities of the CD recipient, and upon their request, to World Bank staff, and other technicalassistance providers and donors with legitimate interest members of the Steering Committee of PFTAC(seeStaff Operational Guidance on the Dissemination of Capacity Development Information). Publicationor Disclosure of this report (in whole or in part) to parties outside the IMF other than agencies orinstrumentalities of the CD recipient, World Bank staff, other technical assistance providers and donorswith legitimate interest members of the Steering Committee of PFTAC shall require the explicit consent ofthe CD recipient and the IMF’s Statistics department. The analysis and policy considerations expressed in this publication are those of the IMF StatisticsDepartment. Acknowledgments MEMBERS DONORS Contents Acknowledgments ......................................................................................................................................3 Acronyms.....................................................................................................................................................5 A. Quarterly GDP(P) ..................................................................................................................................... 7B. Annual GDP(P) ......................................................................................................................................... 8C. GDP(E) .....................................................................................................................................................9D. Rebasing GDP.......................................................................................................................................... 9 II. Resources .............................................................................................................................................. 10 III. Officials Met During the Mission ........................................................................................................ 11 Acronyms CPIConsumer Price IndexCISOCook Islands Statistics OfficeCOICOPClassification of Individual Consumption According to PurposeGDPGross Domestic ProductGDP(E)Gross Domestic Productby expenditureGDP(P)Gross Domestic Productby productionHIESHousehold Income and Expenditure SurveyIMFInternational Monetary FundMFEMMinistry of Finance & Economic ManagementMOUMemorandum of UnderstandingPFTACPacific Financial & Technical Assistance CentreRMDRevenue Management DivisionSUTSupply and Use TablesTATechnical AssistanceVATValue Added Tax Summary of Mission Outcomes and PriorityRecommendations 1.At the request of the Cook Islands Statistics Office (CISO), the Pacific Financial TechnicalAssistance Centre (PFTAC) conducted a technical assistance (TA) mission during August 11 – 22, 2025.The aim of the mission was to assess the current GDP compilation system andidentify any gaps or areas that may need improvement along with progress made on previous missionrecommendations. The mission was to review the plans for rebasing the national accounts as well as thestatus of the latest year GDP by production (GDP(P)) and GDP by expenditure (GDP(E)) estimates. 2.The mission assisted the CISO in compiling the quarterly GDP(P) from Q3 2024 to Q2 2025as well as the 2024 annual GDP(P) estimates. A new Director for the Revenue Management Division(RMD) was appointed in the second half of 2024. Consequently, the delivery of the Value Added Tax(VAT), used to compile the quarterly and annual GDP(P) estimates, ceased due to concerns regardingconfidentiality. The CISO had several meetings with the RMD to assure them that the data sharingarrangement was legal, and the data was treated securely but to no avail. The mission along with CISOand the Economic Planning Division within the Ministry of Finance & Economic Management (MFEM) metwith the Director of RMD to discuss the issue. As a result, there was an agreement to provide the datawithout business