The Philippine Statistical Association (PSA) and the National Statistics Office (NSO) organize the PSQ every year since 1992. The PSQ has the following objectives:

1. To assess the competency and skills of students in statistics as acquired from the secondary education curriculum;
2. To promote, enhance, and instill awareness and appreciation of the importance and value of science, statistics in particular, among the studentry; and
3. To generate public awareness on the important uses of statistics in all development-planning activities and win overall support for all government statistical activities.