Dominica: Technical Assistance Report-Report on External Sector Statistics Mission (July 15–26, 2024)
Technical Assistance Reports, January 8, 2025
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- Canonical URL
- Dominica: Technical Assistance Report-Report on External Sector Statistics Mission (July 15–26, 2024)
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Bibliographic details
- Published: January 8, 2025
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400298455.019
Mission objectives and scope
- A technical assistance (TA) mission on external sector statistics (ESS) was conducted to the Central Statistics Office (CSO) of Dominica as part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on ESS.
- Focus areas:
- Addressing data gaps and improving statistical techniques for travel exports and direct investment.
- Enhancing the accuracy of the balance of payments (BOP) and the international investment position (IIP).
- Reducing net errors and omissions in external sector statistics.
- Additional review: the revised 2023 BOP that will be disseminated in December 2023 was reviewed.
Key findings and substantive points
- Emphasis on improving measurement of travel exports and direct investment to better reflect external transactions in the BOP and IIP.
- Identified needs to address data gaps that currently affect the reliability of BOP estimates and the IIP.
- Objective to reduce net errors and omissions through improved data collection and statistical techniques.
Technical recommendations and proposed actions
- Improve statistical techniques for:
- Travel exports measurement.
- Direct investment measurement and compilation.
- Strengthen data collection at the CSO to close identified data gaps impacting the BOP and IIP.
- Implement methodological improvements to reduce net errors and omissions in external sector statistics.
- Review and finalize the revised 2023 BOP for dissemination (noted as to be disseminated in December 2023).
Publication and document metadata (as provided)
- Publication title: Dominica: Technical Assistance Report-Report on External Sector Statistics Mission (July 15–26, 2024)
- Publication date: January 8, 2025
- Pages: 40
- Volume: 2025
- Issue: 002
- Series: Technical Assistance Report No. 2025/002
- DOI: https://doi.org/10.5089/9798400298455.019
- Stock No: TAREA2025002
- ISBN: 9798400298455
- ISSN: 3005-4575
Source: Dominica: Technical Assistance Report-Report on External Sector Statistics Mission (July 15–26, 2024), January 8, 2025.
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