Mr. Mathew ChigiyalAssistant Director
The Statistics Division is now part of the recently established Office of Statistics, Budget and Economic Management, Overseas Development Assistance, and Compact management (SBOC).
The creation of this office is part of the New Administration's efforts to increase management efficiency within the National Government and to better enable departments and offices to deal effectively with evolving issues and challenges.
The Director of SBOC is Mr. Fabian Nimea.
Each of the four divisions is headed by an Assistant Director:
The Economic Review for Fiscal Year 2008 (published August 2009) is now available for download!
The estimated nominal GDP for the FSM was $235.9 million with the largest contributors being
the Private sector ($67 million), Households ($63 million) and State governments ($45 million). The estimated nominal GDP per capita was $2,183.
The current Household Income and Expenditure Survey (HIES) estimated total household income at $220.5 million and
expenditure at $210.7 Major sources of income were wages & salaries (contributing 47% of total income) and home-production activities (18% of total
income). Food expenditure made up 39% of the total expenditures.
All Groups CPI Annual Inflation during the December quarter 2007 was 3.5%, a decrease of
1.4 percentage points compared to the previous year. This decrease
was mainly due to decreases in prices of imported commodities.
The number of international visitor arrivals to the FSM was about 1,300 in December 2006 declining from about 1,600 in December of the previous year. Tourism and Visitors (to friends and relatives) are the main reason for foreign visitors' arrival into the FSM.
Most of the visitors from this group were of U.S. and Japan citizenry (43% and 20% of total arrival, respectively).
During 2000 to 2005 the value of imports to the FSM exceeded the value of exports. The trade deficit was highest in 2004 when value of imports exceeded exports by about $118 million.