Slider
Slider

|

Slider

Administration announces release of 2017 economic census

Local
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

(Office of the Governor) — Gov. Ralph DLG Torres and Lt. Gov. Arnold I. Palacios, through the Department of Commerce-Central Statistics Division in collaboration with the U.S. Census Bureau Economic Census section, are pleased to release the results of the 2017 CNMI Economic Census.

Every five years, the Census Bureau collects data and reports the economic conditions of all sectors of American businesses across the Nation by conducting the Economic Census and the Economic Census of Island Areas (the CNMI, Guam, American Samoa, the U.S. Virgin Islands).

Governor Torres and Lt. Governor Palacios stated the results of the 2017 Economic Census give us great information based on what was happening in our economy at the time it was conducted, however; recently our islands have experienced extraordinary economic circumstances as a result of devastating natural disasters and now the coronavirus issues. “We are a resilient community and the recovery and the data from this important economic report can be used to assist us in our policy formulations and planning as we seek every means in moving our economy in a positive direction.”

Secretary of Commerce Mark O. Rabauliman explained that the Economic Census of Island Areas is the most comprehensive measure of our economy and provides industry statistics for the entire Commonwealth as a whole, and for Saipan, Tinian, and Rota individually. “I am very grateful for the participation of all our businesses on the three islands in providing the data needed. The CNMI’s Census response rate of close to 90 percent compared to 75 percent response rate in the US Mainland is phenomenal. I would like to thank my Central Statistics Division staff for a job well done including all of the Government agencies who played important roles in the successful completion of the CNMI’s Economic Census.”

The Economic Census was a collaborative effort between the CNMI Department of Commerce’s Central Statistics Division and the U.S. Census Bureau’s Economic Census section. U.S. Economic Census Assistant Survey Director Staff Chief Robert Nusz and Supervisory Survey Statistician of the Economic Census Section, Lawrence Montgomery III, visited the CNMI last week to meet with local leadership and release the Economic Census report.

From left, Supervisory Survey Statistician of the Economic Census Section, Lawrence Montgomery III, CNMI Secretary of Commerce Mark O. Rabauliman, Lt. Gov. Arnold I. Palacios, U.S. Economic Census Assistant Survey Director Staff Chief Robert Nusz and CNMI Department of Commerce-Central Statistics Division Director Justin Andrew.  Office of the Governor photo

During their visit Nusz announced, “The U.S. Census Bureau has released the results of the 2017 Economic Census of Island Areas covering the CNMI. Estimates are available for the CNMI overall and for the three municipalities at the 2- through selected 5-digit North American Industry Classification System code levels for all covered NAICS codes that meet publication standards. These statistics include the number of establishments, total employment, annual payroll and total sales and receipts or revenue. Data on expenses, inventories and a wide variety of statistics are also available for selected sectors - The Economic Census of Island Areas is conducted once every five years, for years that end in ‘2’ and ‘7,’ and collects extensive statistics about businesses that are essential to understanding the CNMI economy. This official count serves as the foundation for the measurement of CNMI businesses and their economic impact and is a major component of the U.S. Bureau of Economic Analysis’ annual gross domestic product estimates.”

Below are a few highlights from the results:

• There were 1,742 total establishments in CNMI in 2017, with combined sales of over $3.6 billion, over $419 million in annual payroll, and 22,652 employees.

• Of the 1,742 establishments in CNMI in 2017, 1,675 were in Saipan municipality, 29 were in Rota municipality and 38 were in Tinian municipality.

• The industry with the largest number of establishments in 2017 was retail trade, with 332 establishments and over $460 million in combined sales — an increase from 284 establishments and over $314 million in sales in 2012. Within Retail Trade, there were 27 establishments in the Motor vehicle and parts industry, NAICS code 441, with combined sales of over $80 million.

All dollar values are expressed in current dollars and are not adjusted for price changes. The Economic Census of Island Areas covers only businesses with paid employees.

All 19 tables containing 2017 Economic Census of Island areas data covering the CNMI can be accessed at data.census.gov

Shadow
Slider
previous arrow
next arrow
Shadow
Slider

Read more articles

Visit our Facebook Page

previous arrow
next arrow
Shadow
Slider