The Business Statistics Branch (BSB) is one of the four branches in the Economic Statistics Division (ESD). BSB has two sections namely; the Business Register Section and the Business Census/ Survey & Compilation Section.
The main functions of the Branch is developing and maintaining the Statistical Business Register (BR) and conducting the Census of Business Activities (CBA) and other economic Quarterly, Annual and Bi annual Surveys.
The Business Register.
The BR exists primarily for the purpose of supplying a framework for CBA and other economic surveys. It is designed to provide a means of coordinating the coverage of CBA and other business surveys and of achieving consistency in classifying statistical reporting units. It also serves as the main source of business demography, it keeps track of business creations and closures as well as the structural changes brought about by mergers, take-overs, break-ups, split-offs and restructuring.
Previously the BR was design specifically for the censuses and surveys that were conducted by BSB. The current BR is design to meet the current and future needs of the whole Economic Division and other sections within NSO. The BR has fields to cater for Import & Export, Trade In Service and Trade Investment which are functions of the International Trade Branch (ITB) and CPI Branch can also source Wholesale & Retail companies for their Wholesale and Retail Price collections. National Accounts Branch and Environment Statistics Branch can directly use the BR too. National Accounts can compile the list of companies that are involved in Tourism activities to collect the data for the Tourism Satellite Accounts and the Environment Statistics Branch likewise, to compile environment statistics. The BR can also provide data for other government agencies such as BPNG, IRC and Commerce and Trade.
Census of Business Activities (CBA) and other Economic Surveys
The BSB is supposed to conduct the quarterly Manufacturing and Building & Civil Construction Surveys, Bi-annual Energy Survey and Annual Business Survey and PMV Survey apart from the CBA.
The CBA is to be conducted during the bench marking and rebasing year for National Accounts and all the other surveys are to be done yearly.
The CBA and all the other economic surveys (Business Statistics) mentioned above are the main sources of data for the compilation of the National Accounts of PNG. About 90% of CBA data is used to compile very important economic indicators such as the Gross Domestic Product (GDP), Gross Value Added (GVA) etc. As such this censuses and surveys are crucially as important as the Population & Housing Census. They must be given equal priority in terms of funding and resources.
As mentioned Business Statistics is the major data source for the GDP calculation. Should data on Business Statistics not be sound, the GDP compiled will give Government wrong signals and may impact policy making decisions. To be able to produce reliable Business Statistics, a good survey frame is needed. The survey frame is the list of businesses that are to be covered in the survey. This list is sourced from the Business Register (BR).
The two functions of BSB complement each other and are both very important to the functions of the National Accounts Branch and the other two branches within the ESD, International Trade and CPI.