Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697796964689.pdf (Dominica)
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•••••••••••••••••••• COMMONWEALTH OF DOMINICA NATIONAL ACCOUNTS STATISTICS OF THE COMMONWEALTH OF DOMINICA 1985 -1997 Central Statistical Office Ministry of Finance Roseau, Dominica •••••••••••••••••••••••••••••••••••••••••••••••• PREFACE This is the ninth publication on National Accounts issued by the Central Statistical Office.
This issue provides estimates of Gross Domestic Product in current and constant prices at factor cost, and also of expenditure on GDP at current prices, Gross National Disposable Income, Appropriation and Capital Finance.

It also includes the Balance of Payments components (from 1988 to 1997), accounts of Central Government and government enterprises and key economic indicators.
In presenting this report, the standard methodology adopted for the OECS countries which is broadly consistent with the revised United Nations System of National Accounts (SNA) has been used.

However, due to serious manpower constraints and other pertinent problems, the scope of the series has been greatly restricted.

Consequently, a number of tables, which have been recommended in the SNA, are not presented.
Compilation of the Balance of Payments estimates which is undertaken with assistance from the Eastern Caribbean Central Bank follows standard procedures recommended by the International MoneTary Fund's (IMF) fifth edition Balance of Payment Manual.

The material presented in this issue consists of revised National Accounts estimates for the period 1985 to 1996 and preliminary estimates for 1997.

Substantial revisions were made to the series to incorporate the new base year of 1990.
Previously, 1977 was used as the base year.

In the process of revising the series, some changes were made to a few of the deflators as a means of improving on the quality of the estimates.

Also, revised Balance of Payments estimates are presented from 1988 to 1996 and preliminary estimates for 1997.

An annual survey of establishments provides most of the source data for the compilation of these statistics.
The Central Statistical Office expresses sincere thanks to the many establishments, which continually provide us with the relevant data.

In addition, the services rendered by Mrs. Hazel Corbin, Mr Louis Lewis and Miss Miriam Blanchard of the ECCB have gone a long way in finalizing the National Account~ and Balance of Payments statistics.

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;.~.~.~f.~~L~ ..... Julietta Beaupierre Statistician(Ag) Central Statistical Office i TABLE OF CONTENTS PAGE PREFACE Contents Definition of the components of the Accounts and Related Aggregates Notes on Methodology Analysis of the Performance of the Dominican Economy for 1997 TABLE Gross Domestic Product by Economic Activity at Factor Cost in Current Prices 1985-1997 Gross Domestic Product by Economic Activity at Factor Cost in Constant Prices 1985-1997 Expenditure on Gross Domestic Product in Current Prices at Purchaser's Value 1985-1997 Gross National Disposable Income, Appropriation and Capital Finance in Current Prices 1985-1997 Percentage Contribution of GOP by Economic Activity at Factor Cost in Current Prices 1985 - 1997 Percentage Contribution of GOP by Economic Activity at Factor Cost in Constant Prices 1985 -1997 Growth Rate of GOP by Economic Activity at Factor Cost in Current Prices 1985 - 1997 Growth Rate of GOP by Economic Activity at Factor Cost in Constant Prices 1985 - 1997 Percentage Change of Expenditure on Gross Domestic Product in Current Prices 1985 -1997 i i II 1 8 13 Gross Domestic Product Deflators by Economic Activity at Factor Cost 1985-1997 Index of GDP by Economic Activity at Factor Cost in Current Prices 1985-1997 Index of GOP by Economic Activity at Factor Cost in Constant Prices 1985-1997 Gross Domestic Production and Allied Aggregate in Current Prices 1985-1997 Gross Domestic Product and Allied
 Aggregates in Constant Prices 1985-1997 Current Account of Central Government Revenue Current Account ot Central Government Expenditure Current Accounvof Departmental Enterprises Capital Account of Central Government Current Account of Central Government Revenue as a Percentage of GOP 1985 - 1997 Current Account of Central Government Expenditure as a Percentage of GOP 1985 -1997 • Balance of Payments of Dominica 1988-1997 Selected Economic Indicators 1983 -1997 CHART 1 2 3 4 , GOP at Factor Cost in Current and Constant Prices 1985 -1997 Percentage Contribution of GOP by Economic Activity at Factor Cost in Constant Prices 1985 -1997 Rate of Growth of GOP in Current and Constant , Prices 1985-1997 Surplus on Current Account of Central Government 1985 -1997 i i i 26 27 28 29 30 31 32 33 34 35 36 37 39 40 41 42 43 DEFINITION OF COMPONENTS OF THE ACCOUNTS AND RELATEP AGGREGATES I.
COMPENSATION OF EMPLOYEES: This is defined to include all payments by resident producers of wages and salaries to their in respect of their employees in cash and in kind, and of contributions paid or imputed, employees, to social security schemes and to private pensions, family allowance, casualty insurance, life insurance and similar schemes.
(1) Wages and Salaries: This is defined to include all payments which employees receive in respect of their 'MJI"k whether in cash or in kind, and before deductions to Social Security, Income Tax, etc.
included are: (a) Commissions (b) Tips (c) Bonuses (d) Cost of living and dearness allowances (e) Fees to ministers of religion (f) Fees to members of boards of directors (e) Holidays and paid vacations of sick leave Also included is the cost to the employer of providing food, lodging, ordinary clothing etc, either free of cost, or at a markedly reduced cost which are of clear and direct benefit to the employees as consumers.
Excluded from wages and salaries are expenditure by employers which are of benefit both to the employees and the employers.

Examples of these are outlays on: (1 ) (a) Medical Examinations (b) Sport and other recreational facilities (c) Amenities at place of'MJrk (d) Reimbursement of expenses for travel and entertainment (e) Reimbursement of expenses or provision of uniforms, tools and equipment.

(2) Employers Contribution to Social Security Schemes: This concept is self explanatory.
(3) Employers contribution to Private Pension Funds etc.

This is defined as contributions to private funds, reserves or other special schemes in respect of family allowances, lay-off and severance pay, casualties and maternity leave, pensions etc.

1 The SNA states that if in the absence of special schemes of reserves, employers make direct payments of this type to their employees, imputed contributions in respect of these obligations should be included in the employers contribution to private schemes.

u.
u.

THE OPERATING SURPLUS: indirect This is equivalent to the excess of the value added at producers prices over the sum of compensation of employees, taxes net of subsidies and allowances for the consumption of fixed capital.
If strict income approach to estimating value added is used, operating surplus is estimated directly and value added is computed as the difference between gross output and intermediate consumption and operating surplus is calculated as the residual between value added and its other components Operating surplus is simply the sum of net profits and property income.
When estimates of operating surplus of establishments are derived from data on profits sho\M1 in the accounts of enterprises, care has to be taken to adjust these data, as necessary, to suit the national accounts definition.

If the figures from the accountants of it is necessary to adjust them to remove any enterprises, relate to profits before taxes, property incomes - interest, rent on land, royalties, etc.
- and transfers paid and received grants to institutions and individuals, investments, subsidies and grants - and capital gains and losses reflected in the figures.

III.

THE GROSS OUTPUT OF INDUSTRIES: This is equal to the gross value of the commodities (the goods and services) they produce during the period.

In the case of units produced for the market, most of the goods produced during a period are usually sold during the same period.
The rest goes into the stocks of the producers either in the form of finil'hed goods or as work-in-progress.

Work-in progress includes partially processed, fabricated or assembled goods, but excludes partially completed construction works, which are included in gross fixed capital formation and in the sales of the construction industry.

The increase in the value of standing timber and crops, which is due to growth, is excluded from gross output and work-in-progress.
Goods and services produced which are not intended for sale in the market, but are used for consumption or capital formation on 0\M1 account, should also be covered in the gross output of industries.

2 IV.

INTERMEDIATE CONSUMPTION: This is made up of the purchases of goods and services on current account reduced by sales less purchases of similar second-hand goods.

The goods are valued at purchaser's values at the moment of use.
For Government, durable goods acquired primarily for It should be noted that family military purposes are treated as intermediate consumption.

d\vellings for military personnel are not treated as a part of Govemment consumption but as pUblic sector investment.

The durable goods purchased for civil defense, and for military hospitals, schools, airport and roads, etc.

when given for civilian use, are not part of Govemment consumption but are treated as fixed capital formation.
Payments in kind of wages and salaries of such items of housing, food or clothing as in the these case of institutions, but included as part of compensation of employees, and therefore, become part offinal consumption of households.
treated as being the intermediate consumption of industries are not V CONSUMPTION OF FIXED CAPITAL: the roads, dams and other forms of construction excluding structures of This is defined as the value at current replacement cost of the reproducible fixed assets except the producers of government services used up during a period of account as a result of normal wear and tear, foreseen obsolescence.

Major catastrf''1hes and the depletion of natural resources are not taken into account.
VI INDIRECT TAXES: These are defined as compulsory payments to Govemment which industries treat as part of the cost of production.
They include import and export duties, excise, sales, entertainment and tumover taxes, real estate and land taxes, unless they are merely an administrative device for collection income tax, levies on value .added and the employment of labour (but not social security contributions), motor vehicle, driving test, license, airport and passport fees when paid by producers, but are considered to be compulsory fees, fines and penalties when paid by the Household sector.
VII SUBSIDIES: These are all grants on current account made by Govemment to private industries and public corporations, and grants made by the public authorities to Govemment enterprises in compensation for operating losses, when these losses are clearly the consequences of the policy of the Govemment to maintain prices at a level below cost of production.
3 Any Government grants to producers which are not connected with their productive activities but are given to them in the capacity of customers, such as social assistance grants and social security benefits should be treated as current transfers and not as subsidies.

VIII.

GOVERNMENT FINAL CONSUMPTION This is defined as the gross output of producers of Government services less the value of Government sales and the value of its o'M'l-accounts capital formation.
The gross output is equal to the cost of production, that is, the sum of intermediate consumption of fixed capital and direct taxes paid.

Sales do not final consumption expenditure, consists therefore of the purchase of The Government goods and services, and expenditures on compensation of employees less the revenue received from sales.

include fees and charges that are levied by Governments for regulatory purposes.
Examples are payments of driving tests, vehicle licenses, driving permits, dog licenses, passports, airport fees and fees charged for court services, all of which are defined as fees when paid by households and as indirect taxes when paid by enterprises.

Fines an penalties are also excluded from sales and classified as "fines and penalties" whether paid by households or enterprises.

These items are not to be deducted from gross output to arrive at final consumption expenditure.

IX.
IX.

GROSS FIXED CAPITAL FORMATION: This consists of additions to the assets of producers of tangible reproducible goods, which have an expected lifetime of use of one year or more.

The producers in question may be industries, producers of Government services and producers of private non-profit services to households.

The capital goods may be purchased or produced on 0'M'l account.

Sales less purchases of second-hand fixed assets and sales of scrapped fixes assets by fonnation.
Gross fixed capital producers should be deducted from gross fixed capital formation covers the following items: Acquisitions by producers of civilian use of tangible assets which have an estimated (i) lifetime of use of one year of more, except land, mineral deposits, timber tracts and similar non-reproducible tangible assets Relatively inexpensive durable reproducible goods, such as certain types of office equipment, may on practical grounds be excluded.
Government outlays on construction and machinery and durable equipment primarily intended for military use, are classified as intermediate consumption rather than gross fixed capital formation.

Outlays on improvements and alterations of capital goods which significantly (ii) extend their expected lifetime of use of substantially increase their productivity are considered to be gross fixed capital formation.
4 (iii) Outlays on the redamation and improvement of land, on the development and extension of timber tracts, mines, plantations, orchards, and similar agricultural holdings are induded in gross fixed capital formation.

Purchases and breeding of draught animals, breeding stock, dairy cattle and (iv) sheep and other animals raised for wool and hair dips should be treated as acqUisitions of fixed assets.
Dealer's margins, solicitors' fees, stamp duties and other transfer costs of (v) transactions in land, mineral deposits, timber tracts and similar non-reproducible assets in tangible non-financial assets and in second-hand assets are covered in gross capital formation.
X INCREASE IN STOCKS: This is equal in principle to the market value at the owing establishment of the physical change during a period of account in stocks of materials, supplies, work-in-progress except on construction projects, finished products, livestock raised for slaughter an merchandise held by resident industries and in stock of strategic materials and emergency stocks of important products held by Government services.
feasible approXimation may be the difference between the levels of these stocks at the beginning and end of the period, both valued at approximate average prices ruling over the period.
In practice, the dosest XI EXPORTS AND IMPORTS OF GOODS AND NON-FACTOR SERVICES: transportation, This consists of the transactions of the residents of a given country with the rest of the insurance and other non-factor world, and covers merchandise, services, such as Government transactions, various fees, rentals royalties, gifts in kind etc.

Military equipment transferred between Governments may, however, go unrecorded.
Expenditure abroad by residents such as tourists and other persons, seasonal workers, and diplomatic and military personnel stationed abroad are treated as imports.

Similarly, expenditures in the domestic territory by non-residents are considered exports.

The valuation of exports is f.o.b., while the valuation of imports is c.i.f.
travel, XII GROSS DOMESTIC PRODUCT AT FACTOR COST: This pertains to the value of all goods and services produced in an economy within a time period of usually one year to the sum of compensation of employees, consumption of fixed capital and operating surplus.

An over-riding consideration on measuring the value of a country's gross domestic product is that duplication must be is equal It avoided.
Duplication is avoided by deducting from the output of each producing unit the value of the inputs of goods and services, which it has received from other units, at home or abroad.

XIII GROSS DOMESTIC PRODUCT AT MARKET PRICES: This is equal to GOP at factor cost plus indirect taxes less subsidies.
XIV GNP AT MARKET PRICES: GNP at market prices is the value of the goods and services produced by the labour and capital supplied by normal residents of a country It is derived by adding net factor income from the rest of the world to GOP at market prices.

xv NET FACTOR INCOME FROM THE REST OF THE WORLD: This is defined as the sum of two major components, net compensation of employees, and net property and entrepreneurial income.
Net compensation of employees covers the labour income of residents abroad and non-residents in.

the country.

Net property and entrepreneurial foreign financial claims such as interest, dividends, and non-financial property income such as patents, copyrights, etc The entrepreneurial income of foreign investment in a country, i.e.

profits and dividends, could be remitted to foreign countries or left unremitted.

The unremitted position is always treated as reinvested earnings.
income from o'Mlership of income covers investment XVI LABOUR INCOME AND WORKER'S REMITTANCES: It should be noted that there is a distinction between those individuals whose earnings are to be classified as labour income (persons who are not residents of the economy where they work) and migrants (persons who have become residents of that economy by virtue of being expected to live there for a year or more).
This distinction is often hard to make in practice Data for these items are generally obtained from the balance of payments accounts, where migrants' income is classified as workers' remittances under unrequited transfers.

Often when the distinction cannot be made labour income is aggregated with workers' remittances.

XVII NATIONAL ACCOUNTS AS CONSTANT PRICES: For analytical purposes, the national accounts at constant prices are derived by breaking into a price component and quantity component.
Estimates at current values do'Ml 6 constant prices are usually derived by deflating the values by price indices or by extrapolating base year values by appropriate volume indices.

Both are equivalent to expressing current period quantities at base period prices.

XVIII METHODOLOGY OF ESTIMATING GROSS DOMESTIC PRODUCT: The value added can be estimated by three different approaches, which are generally called the production approach, the income approach and the expenditure approach.
is designed to evaluate the value of output The value is The production approach, estimated by deducting intermediate consumption from the value of output The production approach is useful for estimation of value added for the commodity producing sectors, viz.

agriculture, livestock, forestry, fishing and mining.

The income approach, is used to estimate the value added by aggregating compensation of employees, operating surplus and consumption of fixed capital.
This approach is most commonly used in the case of service sectors, since data on gross output and intermediate consumption in the service sectors may not be readily available.

The expenditure approach, is used to estimate the gross domestic product according to categories of final use.
This consists of estimates of expenditure of final consumption of households, consumption expenditure of Government, private non-profit services serving households and gross capital formation adjusted for imports and exports of goods and service.
7 NOTES ON METHODOLOGY AGRICULTURE This sector compnses of crops, livestock, forestry and fishing CROPS Estimates on production from crops cover output of thirty-one different crops of which bananas are the principles crop accounting for about 20% of total agricultural production at farm-gate prices.

Other important agro-industrial crops are coconuts, grapefruits, limes, oranges and root crops-such as yams, dasheens and tannias Value added is estimated by the production approach.
The value of output consists of exports and local consumption, including subsistence, which vary from crop to crop.

The output of the various crops are estimated in consultation with the Ministry of Agriculture.

The farm-gate prices are obtained by adjusting export fO.b.

and market prices for trade and transport margins.

These prices are checked for consistency with prices paid by Dominica Banana Marketing Corporation, and Dominica Coconut Products to the banana and coconut grolNers.
The cost of material inputs consists of Imported Inputs such as seeds, fertilizers, pesticides and insecticides.

The c.Lf.

value of these imports are adjusted upwards to include duty, consumption tax and trade and transport margins.

Additionally, in consultation with the Ministry of Agriculture, inputs of materials and costs of repairs and maintenance of agncultural machinery and tools are estimated at 10% of the value of output.
The double deflation method IS used to obtain the 1990 constant prices Production of all agricultural crops are revalued at 1990 prices.

Imported inputs are deflated by an index of potassium fertilizer prices, and local Inputs are taken to be 10% of constant price outputs.

local LIVESTOCK The value added for livestock is estimated by the production approach.

The livestock Division of the Ministry of Agriculture provides estimates of beef, pork, mutton, poultry, meat, eggs and milk production.
Estimates of meat production are based on slaughter permits and an upward adjustment is made for unrecorded slaughter.

Estimates on poultry an egg production are obtained from the major poultry farms.

These are cross-checked for consistency with the estimates provided by the Ministry of Agriculture Material inputs consist mostly of Imported livestock feed, which amounts to about 25% of the gross value of output.

Local inputs are estimated at 5% or output.


The constant series is obtained by the double deflation method.

8 FORESTRY The value of output covers bamboo, IM>od, firelM>od and charcoal.

The estimates are obtained in consultation with the Ministry of Agriculture Forestry Department.

Material inputs are estimated at 20% of gross value of output.

The constant price series is obtained by the double deflation method.
FISHING the Ministry of Agriculture Fisheries Division provided estimates of For fishing, landed catch.

Since December 1983, enumerators from the Ministry are collected in detailed monthly data on catch at major fishing ports.

Data are also obtained from the cooperatives.

For the previous years, output has been estimated on the basis of number of mechanized and non-mechanized boats and average catch per boat.
The Department of Fisheries conducted an ad hoc survey in 1981 and estimated that there were 350 mechanized and 259 non-mechanized boats in fishing and they caught 8,000 Ibs.

and 2,080 Ibs.

of fish per boat respectively.

The retail price of fish is taken as the producers' price since most of the fish is usually sold at the point of landing.

The material inputs consist of expenses on fuel, bait, nets, repairs and maintenance or boats, etc.

which amounts to 48.7% of.


the value of output for mechanized boats and 5.2% for non-mechanized boats.

The constant price estimates are obtained by valuing output at 1990 prices and deducting input in the same proportion as in the current series.

MINING AND QUARRYING This is a relatively small sector and consists of only tIM> private companies.

The output covers production of gravel, stone, pumice and sand.
Due to the lack of more comprehensive data for this sector, in recent years the value in Mining has been assumed to be about 10% of the value in construction in both current and constant pnces.

MANUFACTURING Value added in the Manufacturing sector is estimated by the income approach.

The main source of data is the Inland Revenue Office.

The available income tax returns are analyzed and data on wages are salaries, depreciation and net profits, which constitute the value added, are compiled.
The non-response is estimated on the basis of data on wages and salaries available from the Social Security Department.

The contribution of the small scale industries and handicrafts are assumed to be 10% of the total value added.

The constant price estimates are IM>r1<ed out by extrapolating the base year estimate on the baSiS of quantities of manufacturing output.

9 ELECTRICITY AND WATER The value added in this sector is estimated by the income approach.
The main source of data are the accounts of the Dominica Electricity Services and the Dominica Water & Sewage Company.

The constant price estimates are extrapolated from the base year estimates on the basis of electricity sold and water supplied.

CONSTRUCTION The value added in construction is estimated by the commodity flow approach.

The estimates are essentially based on imports data, since domestic output of construction is negligible.

The c.i.f.
The c.i.f.

values of imports of construction material are adjusted material downward for any re-exports and for non-construction purposes; and adjusted upwards for duty, consumption tax, trade and transport margins.

The value of construction materials used as inputs is assumed to be 65% of the gross value of output.

This proportion has been derived on the basis of disc' Issions with the Ministry of Communications and Works and private contractors.
For the constant price estimates, the deflator used is an index of c.Lf.

import prices of construction materials such as cement, wood iron and steel.

WHOLESALE AND RETAIL TRADE Value added in the trade sector is estimated by the income approach.

The main source of data are the accounts of trading establishments available at the Inland Revenue Office.

For non-response, adjustments are made on the basis of data on employment and remuneration available from the Social Security Department.
The small traders (self employed) and vendor trade are assumed to be a very small percentage of the total.

The constant price estimates have been obtained by extrapolating the base year estimate by an index of traded goods valued at 1990 prices, covering outputs of Agriculture, Mining and Manufacturing sectors and imports.

HOTELS AND RESTAURANTS The value added estimates are obtained by the income approach.
The main sources of data are the accounts at the Inland Revenue Office To cover small hotels and restaurants the above is adjusted by 5%.

The constant price estimates are derived by extrapolating the base year value added by an index of the total number of visitor arrivals.

TRANSPQRT The transport sector comprised of road transport, water transport and air transport.

10 RQADTRANSPORT The estimates of value added are obtained on the basis of earnings per vehicle and number of vehicles.
The vehicles covered are hired trucks, buses, taxis, and hired jeeps, and their number is obtained from the licensing authorities.

The earnings per vehicle are obtained on the basis of inquiries from various operators.

The constant price estimates are extrapolated by the number of vehicles in each category.
WATER TRANSPORT The income approach is used to derive value added estimates for v.ater transport, 'h11ich are obtained from the accounts of port authority, shipping agents and lighter owners, and private shipping companies.

The constant price estimates are derived on the basis of volume of cargo traffic and passenger arrivals and departures by sea transport.

AIR TRANSPORT This sector covers L1AT, Carib Express, air travel and airport administration.
The income of travel agents and airport administration have been obtained from their accounts.

The constant price estimates are based on the index of volume of passenger arrivals by air transport.

COMMUNICATIONS The estimates cover the operations of the Post Office and Cable and Wireless.

The accounts of the Post Office 'h11ich are available from the Government budget are analyzed to obtain compensation of employees and the constant price estimates are based on the volume of postal traffic.
The accounts of Cable and Wireless for Dominica's operation are analyzed to obtain the value added in current prices The constant price estimates are based on the a combined index of overseas call rates.

BANKING AND INSURANCE The value added estImates are obtained by the income approach.

The a=unts of 5 commercial banks, 22 credit unions and insurance companies are analyzed to obtain the data.
For the banking sub-sector, the constant price estimates are based on the prime lending rate and credit union membership and for insurance the deflator was based on a combined index (85:15 weights), of car and property insurance rates 11 REAL ESTATE AND DWELLINGS The value added estimates for o'M1er-occupied ctwellings are calculated on the basis of number of houses and average rent per house One month's rent is subtracted as cost of repairs and maintenance.
The number of ctwellings is projected on the basis of 1970, 1981 and 1991 population census data on housing and the growth of the population.

The rate of rent per house for the island as a V'vtlole is assumed to be half of the low cost housing as most of the houses are of low quality.

The value added at constant prices are derived first with population growth, and then inflated by the total Consumer Price Index to obtain current price estimates.
The constant price value added for 1979 has been adjusted downwards on account of destruction of houses by Hurricane David.

The Roseau Market Authority is engaged in real estate.

The contribution to value added is very small as is based on compensation of employees.

GOVERNMENT SERVICES The value added at current prices are obtained from analysis of the data on actual expenditure available from the computer printouts.

The wages and salaries, pensions and gratuities comprise compensation of employees.
The operations of the post office, airport, broadcasting and construction are excluded and allocated to their appropriate sectors.

The major accounts in the government thus refer to central government, local government and Social Security Administration.

Fiscal year data of central and local governments are adjusted to correspond to the calendar year.

The constant price estimates are obtained by eliminating the effect of wage increase due to cost of living.
QTHER SERVICE This sector covers business, entertainment and personal services, such as services of accounting firms, legal firms, individual professionals, domestic maids, barbers and beauty salons etc.

Broadcasting and recently Cable TV have also been inclUded.

The data re based on a bench-mark estimate compiled for 1977-1978 from the Inland Revenue Office accounts and Social data on employment and remuneration.
The constant price series is derived on the basis of population growth, and the current price series obtained by inflating the above with the Consumer Price Index.

IMPUTED BANKING SERVICE CHARGES According to the recommendation of the UN SNA, the imputed banking service charges, v.tIich consists of the difference between interest earned on loans and interest paid on deposits, have been deducted from the GDP in a single line, and not allocated to individual sectors.
The constant price estimates are obtained by using an average interest rate index extrapolating base year figures, as was the case for the Banking Sector.

12 ANALYSIS OF THE PERFORMANCE OF THE DOMINICA ECONOMY -1997 (The Dominica Economy y grew by 1.82 per cent) OVERVIEW: The Dominican Economy registered a 182 per cent real growth rate In 1997, compared to The largest growth was experienced in the the 3.08 per cent growth In 1996.
Communications sector(1144%), whilst the Water and Electricity sector grew by 747 percent, Construction by 4 per cent, Mining and Quarrying, 392 per cent and Government Services by 3.15 per cent.

Failing banana production and the weakening of the manufacturing sector contributed to the low growth rate.

Over the past seven years, the economy grew by 2.2 per cent on average Consumer prices continue to increase.
The All Items Consumer Index increased by 24 per cent in 1997 in comparison with the 1.69 per cent experienced in the preceding year This is the highest annual For the period under increase registered over the last five years review, prices in the Food group, which represents 40.2 of the basket of goods, increased by 3.6 per cent while the Miscellaneous Expenses group increased by 8.9 per cent.
BALANCE OF PAYMENTS: Preliminary estimates for 1997 revealed an improvement in the Dominica's External Account as the Current Account Deficit decreased from $107.84 Million in 1996 to $9975 In relation to Gross Domestic Product this represents a movement from million In 1997.

19.85 percent to 17.91 per cent.

Meanwhile, the net inflows on the Financial Account rose by 30.39 per cent in 1997 moving the Account to $100.53 Million.
AGRICULTURE SECTOR: During 1997, agriculture's contribution to GOP was 20.25 per cent, doWTl from 20.75 per cent in 1996.

This marginal reduction was largely as a result of the falling level of banana production.

Drought as well as the deciplines on quality of bananas produced, resulted in the reduced tonnage of banana export Banana export earnings according to the DBMC reports decreased by 73 per cent when compared to 1996.
The overall output for the agriculture sector contracted by 0.63 per cent With crops falling by 189 per cent.

This contraction IS largely attributed to the decline In banana production, which is the major contributor to crop production.

The fishing industry was buoyant, as the benefits of substantial capital expenditure on 13 improving landsites, storage facilities and on training was reflected in an increase in registered catch by 6.2 per cent moving total tonnage to 1079.
Consequently, this sector grew by 8.07 per cent in 1997.

The live stock and forestry sectors grew by 1.57 and 1.53 per cent respectively.

HOTEL AND RESTAURANT SECTOR: This sector largely reflects activity within the tourism sector and is often used as a proxy for estimating tourism contribution to overall GOP This sector registered negative growth for the second consecutive year The contribution of hotel and restaurants to real GOP moved from 2.61 per cent in 1996 to 2.51 per cent in 1997.
A decline in value added of 1.99 per cent when compared to 1996 was experienced.

Total visitor arrivals increased by 0.2 per cent over 1996.

A sharp decline of 38 per cent in excursionist contributed to the marginal increase.

Although the number of cruiseship calls declined from 290 calls in 1996 to 244 calls in 1997, the total number of cruiseship visitors increased by 19.17 per cent over 1996, Tourism expenditure is estimated to have increased by 8.06 per cent in 1997.
MANUFACTURING SECTOR: The percentage contribution of the manufacturing sector to real GOP fell from 6.96 per cent in 1997.

Reductions in the production level of OCP, a key in 1996 to 6.15 per cent contributor to this sector was largely responsible for the drop.

This sector showed a decline Impro\(ements were noted in the last quarter of 1997, of 9.99 per cent In real growth.

because of the commencement of the production of the high price products - toothpaste.
CONSTRUCTION, MINING AND QUARRYING SECTOR: Construction activity increased in 1997, with the percentage contribution moving from 843 per cent in 1996 to 861 per cent in 1997.

At 4.01 per cent, construction registered the third largest sectorial growth in the economy Contributing significantly to this growth rate was the construction of the school under the Education Trust Fund Project.
During 1997, 424 development permits were issued which represented 5.2 per cent increase over last year's The estimated value of new construction activity increased by 1.9 from $37.6 million in 1996 to 44.7 million in 1997.

The construction sector per cent continues to be dominated by residential building, which accounted for 82.4 per cent of new 14 construction starts.
Development activity continues to be concentrated in the South Western District, which comprises of Loubriere in the South to Tarreau in the West and inland to Laudat The Mining and Quarrying sector which generally moves in the same direction as the construction sector grew by 3.92 per cent, and contributed 0.86 per cent to real GOP.

BANKING AND INSURANCE SECTOR: this sector registered a decline in real growth, with a For the Second consecutive year, decline of 3.03 per cent experienced in 1997.
The percentage contribution to real GOP moved from 1248 per cent to 11.89 per cent Commercial Bank deposits increased by 6.74 per cent in 1997 to $588 million.

Deposits by private individuals rose by 4.32 per cent, while those of business firms decreased by 5.5 per cent.

Commercial bank lending grew by 8.1 per cent in 1997.
Loans and advances to private Individuals Increased by 14.32 per cent to $199 million while those loans to business firms increased by 1.6 per cent Membership in the Credit Unions continues to grow, increasing by 2.5 per cent.
while the total number of credit unions remained stagnant at 19. Credit Union share capital increased by 3.7 per cent, while loans outstanding increased marginally by 141 per cent COMMUNICATION SECTOR: The Communications sector continues to be one of the fastest growing sectors with an 1144 per cent increase in real GOP for 1997. this sector contributed 10.20 per cent to real GOP in 1997.

15 TRANSPORT SECTOR: This sector increased by 1.23 per cent.

Road transport increased by 4.72 per cent.


This sector seems to have benefited from the increase in cruiseship visitors.

For that same period, air transport increased by 2.96 per cent.

However, sea transportation declined by 4.73 per cent with the number of passenger departures and arrivals declining by 10.34 and 5.25 per cent respectively.
Transportation contributed a significant amount of 10.13 per cent to the real GOP WHOLESALE & RETAIL SECTOR: The wholesale and retail sector continues to show steady upward movement.

This is evident in the 2.49 per cent increase in real growth and its contribution of 2.51 per cent to Imports represents on average 60 per cent of Gross Domestic Product over the real GOP.

Imports are estimated to have increased by 1.26 per cent from 1996. last five years.
16 TABLE 1 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CURRENT PRICES (EC$ MILLION) 1985 1986 1987 1988 1989 1990 1991 1992R 1993R 1994 1995 1996 1997 Agriculture Crops Livestock Forestry Fishing 62.39 48.88 4.70 3.24 5.57 76.64 63,63 5.03 2.20 5.78 84.46 70.63 5..46 2.38 5.99 9D.83 Mining & Quarrying 1.46 138 1.76 2.57 2.91 3.08 3.03 3.31 3.44 4.08 4.70 4.85 5.09 Manufacturing 14.37 16.88 18.25 20.99 24.53 26.43 30.71 35.55 37.53 35.27 37.17 39.43 3549 Electncity & Water 6.24 668 7.39 897 10.04 11.18 11.49 17.19 18.87 2002 24.78 23.60 25.66 Construction 15.00 11.82 14.42 2105 24.97 28.16 31.09 32.51 34.35 40.83 46.96 48.49 50.91 Wholesale & Retail Trade 21.08 25.80 30.24 33.21 38.59 41.07 44.36 48.11 50.14 55.99 58.62 62.30 65.39 Hotels & Restaurants 2.62 305 3.81 477 5.00 7.63 8.62 10.05 12.56 13.38 15.06 14.76 14.47 Transport Road Transport Sea Transport Air Transport 2D.62 4.74 Communications 9.40 10.85 15.36 19.41 23.37
 23.66 28.39 31.66 31.51 32.43 38.32 39.48 44.00 Banks & Insurance 18,33 19.83 22.06 28.56 34.61 41.65 47.21 48.63 50.94 55.03 59.85 61.57 60.32 Real Estate & Housing 9.71 10.18 11.54 12.66 13.51 14.74 16.40 16.68 17.29 17.81 18.48 19.30 Government Services 50.12 54.36 57.63 59.52 66.98 69.01 60.64 80.07 84.54 96.76 93.71 100.93 10410 Other Services 2.49 2.66 2.91 3.08 3.63 3.90 4.21 4.39 4,74 6.78 7.65 8.11 8.47 Less Imputed Service Charge 9.87 10.36 12.05 15.39 21.11 28.11 3444 34.79 3509 40.75 46.32 45.96
 45.03 TOTAL 223.28 253.27 283.63 319.22 337.56 369.84 407.36 435.87 45635 494.06 513.84 54340 557.08 GROWTH RATE 10.16 13.43 11.99 12.55 5.76 9.55 10.14 7.00 4.70 8.26 4.00 5.75 2.52 SOURCE: Dominica Centra] Statistical Office I ECCB August 3\ st 1998 17 TABLE 2 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODlJCT BY ECONOMIC ACTIVITY AT FACTOR COST IN CONSTANT PRICES (EC$ MILLION) 1985 1986 1987 1988 1989 1990 1991 1992R 1993R 1994 1995 1996 1997 .....: Agriculture Crops Livestock Forestry Fishing " 663 308 587 77.71 7329 6562 667 311 656 6.79 316 7.31 6.93 322 742 8774 6989 7.02 327 7.56 8719 6857 713 332 817 Mining & Quanying 211 200 2 32 2 85 3 01 308260 292 304 326 368 357 371 Manufactunng 19.89 2074 21 97 242 2566 2643 2749 2960 3004 27 15 2777 2944 2650 Electricity & Wakr 756 799 856 922 991 11 18 1192 1315 1273 1360 1444 1552 1668 Constructilm 1845 1558 1756 22 93 24 19 2870 2850 2964 3260 3676 3566 3709 \Vholesale & RdaJ I Trade 2727 30 00 3340 3608 39.48 4107 4230 4348 4466 4902 5066 5294 5426 llotels & Restaurants 370 417 457 528 5.52 763 .
882 902 1067 1137 1166 1103 1081 Transpnl1 Road Transport Sea Transport Air Transport COlTununicallOilS 12.09 13.46 18.59 20.45 2321 2366 2838 3161 3146 3238 38.26 3942 4393 Bank:, & Insurance 1103 31.97 3356 3644 38.82 4165 4888 4781 4702 4958 5373 5280 51 20 Real Estate & Housing 12 00 1214 123b 12.74 13.1~ 1351 1377 1391 1395 1423 1447 1476 1506 Govemment Services 61.96 62.58 64.15 66.06 6686 69.01 7007 7007 7160 72.05 71.09 72 16 7443 Other Services 321 3.32 3,42 3,55 3.76 3.9 3.98 4.06 4.31 474 5.28 5.50 5.61 Less Imputed Service Charge 16,02 16.51 17.32 21,24 24.27 2811 36.03 3640 36.18 36.41 41.47 40.69 39.46 TOTAL 287.05 306.69 327,55 351.72 347.76 369.84 377.78 388.14 39535 403.84 410.31 422.94 43063 GROWTH RATE 1.69 6.64 6.60 7.38 -1.12 6.34 2.15 2.74 1.86 2.15 1.60 3.08 1.82 SOURCE: Dominica Central Statistical Office I ECCS August 31 1998 R-Revised 18 TABLE 3 COMMONWEALTO OF DOMINICA EXPENDITURE ON GROSS DOMESTIC PRODUCT IN CURRENT PRICES AT PURCHASERS' VALliE (EC$ MILLION) 198~ 1986 1987 1988 1989 1990 1991 1992 1993 199~ 1995 1996 1997 TOTAL CONSUMPTION 252.67 25D.36 297.99 332.81 381.70 395.11 434.00 434.81 463.65 518.16 537.44 533.60 521.55 PnY:lle C;clleml Govenunent GROSS CAPITAL FORMATION [,and L)e\'e!opmC111 rTanSrt)rt Fquipment ()thcr
 Equipment COI1:,truction Incrc:.l':iC 11l Stock.
GOODS AND NON- FACTOR SERVICES '-':1:[1()rls of (1l)ods l':"\porl':i ofNl-"S Impprts of UOLld':i Import'i of NFS GOP AT MARKET PRICES 19278 188.29 229.84 257.78 294.99 303.25 33150 331.61 35142 40074 414.29 402.08 384.77 59.89 62.07 68.15 7503 8S -62.31 -17.82 -27.66 -54.89 -129.48 -116.72 -89.88 -70.04 -67.38 -92.97 -128.32 -8454 - Indirect J:.l.
"\CS Suhsldles 4456 51 18 59.26 1.66 1.85 1.77 70.80 185 79.07 194 8066 81 47 1 43 1.65 83.63 1.75 87.59 8992 2.81 2.24 93.51 2.49 9713 10102 2.12 2.86 GDP AT FACTOR COST 223.28 253.27 283.63 319.22 337.56 369.C4 407.36 435.87 456.35 494.06 513.84 543.40 567.08 S( HJRCl'.
l'S( )/ECCIl 19 TABLE 4 COMMONWEALTH OF DOMINICA GROSS DISPOSABLE INCOME, APPROPRIATION AND CAPITAL FINANCE IN CURRENT PRICES (EC$ MILLION) 1985 1986 1987 1988 1989 1990 1991 1992 1993 199~ 1995 1996 1997 II INCOMI: GDP AT FACTOR COST 223.28 253.27 283.63 319.22 337.56 369.84 407.36 435.87 456.35 494.06 513.84 543.40 557.08 Nd lndirl.
:rt TU\l..'S 4290 4933 5751 68.95 17 13 7923 7982 81.88 84.18 87.68 91.02 9501 98.16 GDP AT MARKET PRICES 266,1S 302.60 341.14 388.17 414.69 449.07 487.18 517.75 541.13 581.74 60<.86 638.41 655.24 Nd I a(\or iIKOlllL from AbroaJ GROSS NAT10NAL PRODUCT -3.40 -6.51 -6.33 -422 ·1077 -13.34 -20.69 -1987 17 20 -2976 ·3806 -50.76 -45 e.e 262.78 286.09 334.81 383.95 403.92 435.73 466.49 491.88 523.93 551.98 566.80 587.65 609.35 Net TransfeT::> from Ahroad 1755 1809 20 so 2270 31.60 34.49 1961 20.24 2348 19.09 2125 2747 2831 GROSS NAT10NAL DISPOSA8LE INCOME lJ: II['I'ROPRIATION 200.33 314.18 355.31 406.65 435.52 470.22 486.30 518.12 547.41 571.07 588.05 615.12 637.67 Pri\"ak Fmal ConsumptiOn 192.78 188.29 229.84 257.78 294.99 303.25 33150 33161 351 42 400 74 414.29 402.08 384.77 (Io\'~mml'nt I'inal Consumpllon 59.89 62.07 6815 75.03 86.71 91.86 102.50 103.20 11223 117.42 12315 13152 13678 Tutal COllSlUnplIun 252.67 250 36 29799 332.81 381.70 ,395.11 434.00 434.81 463.65 51816 537.44 533.60 521.55 GROSS NATIONAL SAVING 27.66 63.82 57.32 73.84 53.82 75.11 52.30 83.31 83.76 52.91 50.61 81 52 116,12 C. CAPITAl.
F1NIINCF Gross Capital Fonnation 7582 6751 79.33 12057 170.67 163.19 153 97 152.98 144.86 156.55 195.74 189 35 216.07 Gross Natinal Saving 2768 6382 57.32 73 84 53.82 75.11 5230 8331 83,76 52.91 50.61 81 52 116.12 FORJEGN SAVING 48.16 3.89 22.01 46.73 116.86 108.08 101.67 89.67 61.10 103.64 145.13 107.83 99.96 20 TABLES COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CURRENT PRICES 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 Agriculture Crop~ LI'vcstock F()restry Fishing 2794 21.89 2.10 1.45 2.49 30.26 25.12 1.99 0.a7 Mining & Quarrying 0.65 0.54 0.62 0.81 0.86 0.83 0.74 0.76 0.75 0.83 0.91 0.89 0.91 Manufacturing 6.44 6.66 6.43 6.58 7.27 7.15 7.54 8.16 8.22 7.14 7.23 7.26 637 Electricity & Water 2.79 2.64 261 2.81 2.97 3.02 2.82 3.94 4.13 405 4.82 434 4.61 Con~truGtlon 6.72 4.67 5.08 6.59 7.40 7.61 7.63 7.46 7.!53 8.26 9.14 8.92 9.14 Wholesale & Rdail Trade 9.44 10.19 10.66 10.40 11.43 11.10 10.89 11.04 10.99 11.33 11.41 11.46 " .74 HOlels & Restaurants 1.17 1.20 1.34,.
1.49 1.48 2.06 2.17 2.31 2.75 2.71 2.93 2.72 2.60 Transport Road Transport Sea Transport Air Transport a.93 .5.38 392 0.74 10.02 10.02 5.28 3.87 0.87 5.19 3.98 0.85 9.86 5.30 3.70 0.85 Communications 4.21 4.28 5.42 6.08 6.92 6.40 6.97 7.26 6.90 6.56 7.46 7.27 7.90 Banks & Insurance 8.21 7.83 7.78 8.95 10.25 11.26 11.59 11.16 11.16 11.14 11.65 11.33 10.83 Real Estale & Housing 4.35 4.02 3.87 3.62 3.75 3.65 362 3,76 3,66 3.50 3.47 340 346 Gnv~rnment Selvices 22.45 21.46 20.32 18.65 19.84 18.66 19.80 18.37 18.53 19.58 18.24 18.57 18.69 Other Servict::s 1.12 1.05 1.03 0.96 1.08 1,05 1.03 1.01 1.04 1.37 1,49 , .49 1.52 Less Imputed Semee Charge 4,42 4,09 4.25 4.82 6.25 7.60 8.45 7.98 7.69 8.25 9.01 8.46 8.08 TOTAL 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 21 TABLE 6 COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CONSTANT PRICES 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 Agriculture Crops Livestock Forestry Fishing 1.81
18.15 1.68 0.78 1.81 20.27 15.99 1.69 0.78 1.81 20.75 16.52 1.66 0.77 1.79 20.25 15.92 1.66 0.77 1.90 Mining & Quarrying 0.74 0.65 0.71 0.81 0.87 0.83 0.69 0.75 0.77 0.81 0.90 0.84 0.86 Manufactunng 6.93 6.76 6.71 6.88 7.38 7.15 7.28 7.63 7.60 6.72 6.77 6.96 6.15 Electricity & Water 2.63 2.61 2.61 2.62 2.85 302 3.16 3.39 3.22 3.37 3.52 3.67 3.87 Construction 6.43 5.08 536 6.52 696 7.61 7.60 7.34 7.50 8.07 8.96 8.43 8.61 Wholesale & Retail Trade 9.50 9.78 10.20 10.26 11.35 11.10 11.20 11.20 11.30 12.14 12.35 1252 12.60 Hotels & Restaurants 1.29 1.36 1.40
 1.50 1.59 2.06 2.33 2.32 2.70 2.82 2.84 2.61 2.51 Transport Road Transport Sea Transport Air Transport Communications Banks & Insurance 10.Bl 10.42 10.25 10.36 11.16 11.26 12.94 12.32 11.89 12.28 13.09 12.48 11.89 Real Estate & Housing 4.18 3.96 3.78 3.62 3.77 3.65 3.64 3.58 3.53 3.52 3.53 3.49 3.50 Govenunent Services 21.59 20.40 19.58 1878 19.22 18.66 18.55 18.05 18.11 17.84 17.33 17.06 1728 Other Services 1.12 1.08 1.04 1.01 1.08 1.05 1.05 1.05 1.09 1.17 1.29 1.30 1.30 Less Imputed Service Charge 5.58 5.38 5.29 6.04 6.98 7.60 9.54 9.38 9.15 9.02 10.11 9.62 9.16 TOTAL 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 22 TABLE 7 COMMONWEALTH OF DOMI\'ICA GROWTH RATE OF GROSS DOMESTIC PRODliCT BY ECONO.\lIC ACTIVITY, AT FACTOR COST IN CURRENT PRICES 1985 1986 1987 I'J88 1')89 19l)U II)') I 1')')2 1')93 1995 1996 1997 i\t:IICllllUll' CHI/)" I l\l::-iluc,", !-I>!c"ln h:-;hlllg 9 84 22 84 1260 3018 8 05 2286 1508 7 02 12 to 377 1020 1100 655 618 363 754 ·1089 808 -'331 513 336 501 296 813 -159 1427 173::' 609 451 476 4 37 606 2 52 -662 1003 D 73 016 2 50 1263 079 040 -052 064 1 87 952 1000 583 1 83 1108 11
 10 -307 -4 13 207 300 152 652 1005 1 35 1 46 1 87 097 -004 573 1 44 807 Mlllillt!
&.

()lI:11n lilt!

-267 -548 2754 4602 '323 -1 62 924 393 18 GO 1520 319 495 tvlanulacllll lilt!
1626 1747 612 1501 1657 775 16 19 1576 557 -602 539 608 -999 541 705 1063 21 38 11 93 11 35 277 4961 977 609 2378 -4 76 873 C()ll"!r~lctllIIl -1264 · -1 99 -196 Ilclll"jl()11 RU~lJ Tr~lJhl'l:'rl Sea [ralbj1( 111 'J r~lI1:-,pl)rl All 1304 1785 1234 1405 1 10 1886 1111 17451880 1016 13 99 -237 1240 431 1855 1781 1020 1646 1296 13 44 1 94 17492651 2826 2647 532 2039 10 17 1236 1484 1045 633 656 503 1198 -720 3 D8 5 :]1 1 57 -241 379 199 274 n. 47 577 402 880 291 083 471 -471 304 (llnlll~ UIlICd \ J I IllS 586 1543 41 57 26372040 1 24 1997 11 54 -047 292 1816 303 1145 Banb & In-,:ufJllCC 976 818 11 25 2947 2118 2034 1335 301 475 503 876 287 -203 Real Estate & :-lousmg 319 484 796 500 971 671 910 11 28 1 69 366 301 376 444 652846 602 328 1253 303 1685 -071 558 1445 -315 770 314 Other StTVlC6 375 6.83 9.40 584 1786 744 795 430 4304 12 BJ 601 444 Le:'\:, lrnputcu StTVlce Charge -1.60 496 1631 27 72 37 17 3316 22 52 102 086 1613 13 67 -078 -202 TOTAL 10.16 13.43 11.99 12.55 5.75 9.56 10,14 7.00 4.70 8.26 4.00 5.75 2,52 23 TABLES COMMONWEALTH OF DOMINICA GROWTH RATE OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CONSTANT PRICES 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 Agriculture Crops Livestock Forestry Fishing -4.06 -7.24 19.17 2.72 10.12 16,14 19.52 5.12 -3.03 1.78 3.83 4.12 2.78 1.17 2.56 6.32 -14.62 7.00 -17.40
 1.00 1.89 2.03 1.93 4.07 6.79 10.80 2.96 3.35 -2.27 -25.32 -0.57 -1.08 3.19 2.52 0.69 1.88 1.68 2.47 8.07 0.86 0.38 -0.51 0.60 0.97 -3.72 -5.69 1.80 1.61 11.75 11.43 -8.13 -10.47 2.06 1.90 1.50 5.47 6.51 1.30 1.55 1.89 -0.63 -1.89 1.57 1.53 8.07 Mining & Quarrying 2.93 -5.21 16.00 22.84 5.61 2.33 -15.58 12.31 4.11 7.24 12.88 -299 3.92 Manufacturing 13.08 4.27 5.93 10.15 6.03 3.00 4.01 7.68 1.49 -9.62 2.28 6.01 -9.99 Electricity & Water 6.78 5.69 7,13 7.71 7.48 12.82 6.62 10.32 -3.19 6.83 6.18 7.48 7.47
 Construction -10.87 -15.56 12.71 30.58 5.49 16Al 1.92 -0.70 4.00 9.99 12.76 -2.99 4.01 Wholesale & Retail Trade 9.04 10.01 11.33 8.02 9.42 4.03 2.99 2.79 2.71 9.76 3.35 4.50 2.49 Hotels & Restaurants -3.39 12.70 9.59 15.54 4.55 3822 15.60 2.27 18.29 6.56 2.55 -5.40 -1.99 Transport Road TranspOI1 Sea Transport Air Transport B.01 10.86 15.42 -3.86 -3.93 9.91 14.41 5.85 5.92 2.13 13.38 11.60 9.45 7.95 6.87 0.57 -2.64 4.29 3416 11.07 13.42 4.07 31.55 14.29 -3.43 3.01 15.23 3.20 5.09 3.02 9.59 3.38 4.47 2.50 11.77 -7.90 3.55 4.98 2.63 -2.07 2.69 2.02 2.71 7.25 5.64 4.00 8.64 4.51 1.23 4.72 -4.73 2.96 Communications 10.71 11.33 38.11 10.01 1350 1.94 19.95 11.38 -0.47 2.92 18.16 3.03 11.44 Banks & Insurance 5.04 3.03 4.97 8.58 6.53 7.29 17.36 -2.19 -1.65 5.44 8.37 -1.73 -3.03 Real Estate & Housing 1.01 1.17 1.98 2.91 2.98 2.97 1.92 1.02 0.29 2.01 1.69 2.00 2.03 Government Services 2.48 1.00 2.51 2.98 1.21 3.22 1.54 0.00 2.18 0.63 -1.33 1.51 3.15 Other Services 1.58 3.43 3.01 3.80 5.92 3.72 2.05 2.01 6.16 9.98 11.39 4.17 200 Less Imputed Service Charge 5.05 3.06 4.91 22.63 14.27 15.82 28.18 1.03 -0.60 0.64 13.90 -1.88 -3.02 TOTAL 1.69 6.84 6.80 7.38 -1.12 6.34 2.15 2.74 1.86 2.1!
1.60 3.08 1.82 24 TABLE 9 COMMONWEALTH Of DOMINICA PERCENTAGE CHANGES Of EXPENDITURE ON GDP IN CURRENT PRICES 1985 1986 1987 1988 198'1 1'1'111 1991 1992 1993 199~ 1995 19% 1997 TOTAL CONSUMPTION 8.57 .

(l.91 19.02 11.68 14.69 3.51 9.84 0.19 6.63 11.76 3.72 -0.71 -,.26 l)n'~ltL' (1L'I1L'ml (i(1\Cm111Cnl GROSS CAPITAL fORMATION I.:!lld I k'\ l'Inpmcnl j wlbjlun FqUlpl1lL'IJ[ ( llhL'j I qllljllllL'llI C l 1Il:-> trLh.

: III \11 IJh.TCil-';l' Hl Stud, GOODS AND NON- FACTOR SERVICES 1,]'\)1\:.
; \If( l\l(1<..h l:]'nrt:-: ll(r-...;~I· lmp\lr(:-.

\l!""

rll\ld ... illlj)\lrh nl'l\'"'l· 1176 -056 -233 38,j 2207 980 1216 1010 1443 1557 280 594 932 1158 003 068 597 875 14 OJ 452 338 488 -295 -431 680 400 -15.16 ·10.96 17.51 51.99 41.55 7.34 ·15.95 .
().64 -5.31 8.07 25.03 -3.26 14.11 -11.91 -3886 -890 977 121 71 93 1 -4581 4390 13.75 -2169 6321 4935 -4068 5702 "2736 5855 77.04 3279 1123 -3055 696 027 -486 -511 ·1347 72 86 360 1750 -280 37.51 72 18 866 -42.33 925 -19.26 546 -1262 -2125 2202 4599 18.64 12.79 -2385 1041 404 -993 -031, 1883 1520 1021 1504 4891 2421 1504 -372 326 579 174 491 253 -21.62 ·71.40 55.22 98.45 135.89 -9.85 -23.00 -22.07 -3.80 37.98 38.02 -34.12 -2.56 1089 5679 1057 1571 -1882 2109 -D 61 -094 -11 24 -218 507 494 -436 19.39 10000 16.29 1981 2081 3326 797 1812 958 938 -12 15 31 71 2 1 62 ·430 102 1981 31 19 2227 995 4 08 177 35 057 4.75 1636 2333 -707 456 -389 -073 398 1919 ·1099 4998 782 216 -270 368 1556 1836 COP AT MARKET PRICES 9.72 13.68 12.74 13.79 6.83 8.29 8.49 6.27 4.52 7.50 397 5.55 2.64 11llllll'd [";I'l'-'; ~111)-';J(lll':- 584 -2455 1466 1145 1583 1943 1168 201 100 ·432 452 486 -2629 1538 265 606 474 266 399 387 400 6057 -2026 11 16 -1486 3491 GOP "T f"lTOR COST 10.16 13.43 11.99 12.55 5.75 9.56 10.14 7.00 4 70 8.26 4.00 5,75 2.52 25 TABLE 10 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT DEFLATORS BY ECONOMIC ACTIVITY, AT FACTOR COST 1985 1986 1987 1988 1989 1990 1991 1992 1993 199~ 1995 1996 1997 Agncultun: Crup:-i Ll\'e:-;tock !
'"()fC:-itn I'l:'\hlllg tvlIl11ng & (juanylllg 6919 6900 7586 9018 9668 10000 11654 11336 11316 125.15 12772 ~ 35.85 137.20 Manufacturing 72 25 81 39 8307 8674 9560 10000 11171 12010 124.93 129.91 133.85 133.93 13392 ElectrlUI\" & Watl:r 8254 8360 8633 9729 10131 10000 9639 13072 148.23 147.21 171.61 15206 153.84 (lllhlruclj()11 8130 7587 8212 9180 10322 10000 10833 11407 11589 12525 127.75 135.98 13726 Wholesale & RdaJi Traue 77 30 86.00 9054 92.05 97.75 100.00 104.87 110.65 112.27 114.22 11571 117.68 12051 7081 7314 8337 9034 9058 10000 100.00 111.42 117.71 117.68 129.16 13382 133.86 Tran:-.port Roau Tran:;purt Sea ·11 ansport Air Transport C(urununicatlons 77.75 8061 82.63 94.9110069 10000 100.02 100.16 100.16 100.15 100.16 100.15 100.16 Banb & Insurance 590762036573783889.1610000 965810172 10834 11099
 11139 116.6111781 Real Estate & HOllsing 8092 8386 8877 9058 9649 10000 10704 11792 11957 121.50 123.08 12520 12815 CJOH:num:nt ServIces 8089 8686 8984 9010 100.18 100.00 11508 11427 11807 13430 131.82 13987 13986 Othcr ServH.
;es 77 57 8012 85.09 8676 96.54 100.00 105.78 10815 109.98 143.04 144.89 147.45 15098 Less Imputed Service Charge 61.61 62.75 69.57 72.46 86.98 100.00 95.59 95.58 96.99 111.92 11170 112.95 114.12 TOTAL 77.78 82.58 85.59 90.76 97.06 100.00 107.83 112.30 115.43 122.34 125.23 128.48 129.35 26 TABLE 11 COMMONWEALTH OF DOMINICA INDEX OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CURRENT PRICES 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 Agriculture Crop::, Li\'cstock Forestry Fishing Minll1g & Quanying Manufactunng Eledriclty & Water CL)n~trudion 53.27 41.97 51.21 74.75 88.67 10000 11040 115.44 121.98 144.99 166,76 172.19 180.79 Wholesale & Retail Trade 51.33 62.82 73.63 80.86 93.96 100,00 108.01 117.15 122.08 136.33 142.73 15169 15922 Hoteb & R.estaurunts 34.34 39.97 49.93 62.52 65.53 100.00 115.60 131.72
 16461 175.36 197.38 19345 18965 TranSp(Hi Road Transport St:J TranspOli Air Transport COlnmunicati(ms 161.96
98.77 10000 119.97 13381 133.18 137.07 161.96 166.86 18597 Banks & Insurance 44.01 47.61 52.97 68.57 ):33.10 100.00 113.35 116.76 122.30 13212 143.70 14783 144.83 Real Estate & Housing 71.87 75.35 81.35 85.42 93.71 100.00 109.10 121.41 123.46 12798 131 83 136,79 142.86 Government SerVLces 72.63 78.77 83.51 8625 97,06 100.00 116.85 116.03 122.50 140,21 135.79 146.25 15085 Other Services 63.85 68.21 74.62 78.97 93.08 100.00 10795 11259 121.54 173.85 196.15 207.95 217.18 Less Imputed Service Charge 35.11 35.86 42.87 54.75 75.10 100.00 122.52 123.76 124.83 144.97 164.78 163.50 160.19 TOTAL 60.37 68.48 76.69 86.31 91.27 100.00 110.14 117.85 123.39 133.59 138.94 146.93 150.63 27 TABLE 12 COMMONWEALTH OF DOMINICA INDEX OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CONSTANT PRICES 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 Agriculture Crops Li\'e~tock Fores10 Fishing Mining & Quarrying 68 51 64.94 75.32 92.53 97.73 100.00 84.42 94.81 98.70 105.84 11948 115.91 120.45 Manufaduring 75.26 7847 8313 91.56 97.09 100.00 104.01 11199 113.66 102.72 105.07 111.39 100.26
 Electricity & Wakr 67.62 71.47 76.57 82.47 88.64 100.00 106.62 "7.62 113.86 121 65 129.16 138 82 149.19 Construction 65.52 55.33 62.36 8143 85.90 100.00 101 92 101.21 10526 115.77 130.54 126.63 131 71 WllOk~ak & Retail Trarll: 66.40 73.05 8132 87.85 96.13 100.00 10299 105.87 108.74 119.36 123.35 128.90 132.12 I [olels & Restauranl"" 4849 5465 59.90 6920 72 35 '00.00 115.60 118.22 13984 149.02 15282 144.56 141 68 Transport Road Transport Sea Transport Air Transport 68 21 81.44 52.58 49.71 75.62 89.52 60.16
 52.62 80.10 9142 68 20 58.72 87.67 98.70 72.89 7878 88.17 96.09 76.02 87.50 100.00 100.00 100.00 100 00 9657 103.Q1 84.77 103.20 101.49 10612 92.89 106.69 106.03 108.78 10383 98.26 10978 114.19 108.56 96.22 112.74 116.50 109 45 103.20 119.10 121.16 118.91 10785 120.56 126.88 113.28 111.05 Co:mnuni~ations 51 10 56.89 78.57 86 43 98.10 100.00 119.95 133.60 13297 136.86 161.71 166.61 185.67 Banks & Insllfanc~ 74.50 7676 80.58 87.49 9321 10000 117.36 114.79 112.89 119.04 129.00 126.77 122.93 Real Estate & Housing 88.82 89.86 91.64 94.30 97.11 100.00 101.92 10296 103.26 105 33 107.11 109.25 111.47 Government Services 89.78 90.68 92.96 95.73 96 88 10000 101.54 10154 103.75 104.41 103.01 104.56 10785 Other Services 8231 85.13 8769 91.03 96.41 100.00 102.05 104.10 110.51 121.54 135.38 141.03 143.85 Less Imputed Service Char~ 5699 58.73 61.62 75.56 86.34 10000 128.18 129.49 128.71 129.53 147.53 144.75 140.38 TOTAL 77.61 82.93 88.57 95.10 94.04 100.00 102.15 104.95 106.90 109.19 110.94 114.36 116.44 28 TABLE13 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT & ALLIED AGGREGATES IN ClJRRENT PRICES (EC$ MILLION) 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 GROSS DOMESTIC PRODUCT AT FACTOR COST nJ.Z8 253.27 283.63 319.22 337.56 369.84 407.36 435.87 456.35 494.06 513.84 543.40 557.08 NET 11'101 RECT TAXES Indirect Taxes Subsidies 42.90 4456 166 49.33 51 18 185 57.51 5928 1.77 68.95 7080 185 77.13 • 7907 194 79.23 80.66 143 79.82 8147 1.65 81.88 8363 1.75 84.78 8759
 281 87.68 8992 224 91.02 9351 249 95.01 9713 212 98.16 101.02 286 GROSS DOMESTIC PRODUCT AT MARKET PRICES NET FACTOR INCOME PAYMENTS FROM ABROAD GROSS NATIONAL PRODUCT AT MARKET PRICES 266.18 302.60 341.14 388.17 414.69 449.07 487.18 517.75 541.13 581.74 604.86 638.41 655.24 -3.40 -6.51 .6.33 -4.22 -10.77 ·13.34 -20.69 ·19.87 -17.20 -29.76 -38.06 ·50.76 -45.88 262.78 296.09 334.81 383.95 403.92 435.73 466.49 497.88 523.93 551.98 566.80 587.65 609.36 TABLE 14 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT
 & ALLIED AGGREGATES IN CONSTANT (1990) PRICES (EC$ MIlLION) 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 GROSS DOMESTIC PRODUCT AT FACTOR COST 287.05 306.69 327.55 351.72 347.78 369.84 377.78 388.14 395.35 403.84 410.31 422.94 430.63 NET INDIRECT TAXES aJ Indirect Taxes Subsidies GROSS DOMESTIC PRODUCT AT MARKET PRICES NET FACTOR INCOME PAYMENTS FROM ABROAD b/ GROSS NATIONAL PRODUCT AT MARKET PRICES 342.21 366.43 393.97 427.69 427.25 449.07 451.80 461.06 468.80 475.51 482.99 496.90 506.51 -4.17 -7.75 -7.19 -4.69 -11.11 -13.34 -19.62 -17.86 -16.31 -29.76 -37.57 -49.92 -44.80 338.04 358.68 386.78 423.00 416.14 435.73 432.18 443.20 452.49 445.75 445.42 446.98 461.72 a i -Current values are deflated by the Implicit Deflator of GDP at Factor Cost hi -Deflated by the Consumer Price Index SOURCE: Central Stsatisticsl Office TABLEtS COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT REVENUE (Thousand of East Caribbean Dollars) 8;;/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/9~ 9~/9;; 9;;/96 96/97 J)lft~ct l'a'\es 25,781 23,691 28,702 27,539 32,328 36,812 43,567 39,830 39,243 41,393 49,603 53,893 PL'r~onal Income Ta:.
: Compa0:'t: Income T3'\ ()thcr Direct Ta.

'\cs lndm:ct Ta-..:es 46,284 56,072 62,489 79,117 79,014 82,315 80,616 86,635 88,544 91.298 95,729 98,520 Import Duties Exporl Duti-.
:s Consumption Tax ( )thcr Indlfect Lrxes 10,710 247 23,172 10,788 a 32,669 14,096 a 37,194 18,954 a 46,426 20002 0 45,003 21,188 a 46,150 21,831 a 44,840 12,155 12,615 11,199 13,737 14,009 14,977 13,945 22,523 a 48.996 15,1 16 18,961 a 53,915 15,668 19,952 a 53.289 18,057 19.616 22,349 0 58,255 17,858 0 58,189 17,982 Proper£] Incomc 1,353 772 1,152 889 1,315 1,132 2,911 2,833 5,235 2,006 3,325 9.759 Henl of I.and Dl\idcnds Interest Current Tr~nsters Fnnl1 IIOUSl'hoids S~l{;j~d Sccuril\ Conlributllms IJrnlil Currenc\' !\uthont\ Profits U<lWffi111LJlt Corporations Surplus- of Departmental Fntcrpnscs Total Recurrent Re\enue UXJ6 1,076 1,958 1,87f 1,035 2,201 2.368 2,253 2,184 2,242 2,181 2.093 250 a a a 0 a a a 0 a a a (636) (696) (611) (249) (809) (920) (1,255) (744) (720) (274) (182) (551) 75,927 83,421 97,643 113,653 117,352 126,476 135,841 139,500 142,874 144,893 160,784 171,327 31 TABLE 16 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT EXPENDITURE (Thousand of East Caribbean Dollars) 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 94/95 95/96 96/97 Personal Emoluments 46,117 47,799 51,451 56,370 56,977 71,703 68,520 76,960 83,583 81,601 83,682 94,015 Pemaons & GratUitIes 4,949 5,515 5,814 6,293 6.687 7,703
 7.570 8,744 9,235 9,180 9,320 10,640 MIscellaneous (ionds & Sen'lees 12.546 15,826 17,251 20,181 23,553 24,461 27,280 30,217 36,141 36,884 36,439 41,144 Less Fees & Sales 6,013 6,829 7,073 5,489 2,366 2,142 5,422 4,779 5,264 6,079 6,000 10,343 Go\'crrunent Final Consumption Expenditure 57,599 62,311 67,443 77,355 86,851 101,725 97,948 111,142 123,695 121,586 123,441 135,456 Current Tramitcr l() 7,776 7.385 10,487 7,937 8,346 10,092 13,170 10,701 13.538 6,163 7,622 11,978 Households Local AuthoritIes Non
 Profit f\.1aking BlldlCS Abroad Cariellm Abroad Nl)n-ClJrJcnlll Interest Grants and Contnbutlons SUbSIdy Total Expenditure 74,227 77,420 85,794 97,183 104,596 121,631 124,066 137,085 153,363 145,284 148,419 172,378 Surplus on Current Account 1,700 6,001 11,849 16,470 12,756 4,845 11,775 2,415 (10,489) (391) 12,365 (1,051 ) TABLE 17 RECEIPTS COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF DEPARTMENTAL ENTERPRISES (Thollsand of East Caribbean Dollars) 85/86 86/87 87/88 88/89 89190 I)U/91 ~1/92 nl93 93/9-4 9.4/95 95/1)6 Silk ilfL;OUlI~ & Services 948 1,109 1,268 1,515 1,340 1,541 1,550 2,051 2,043 2,179 2,233 Mlsccll,II1C\lUS Other Receipls 87 57 148 488 214 296 338 331 408 758 872 Total R~Ci:ipt.~ 1,035 1,166 1,416 2,003 1,554 1,843 1,888 2,382 2,451 2,937 3,105 EXPENDITURE I)Cl.~()lldl Em,)]UJ1ll'llts 1,319 1,438 1,559 1,619 1,756 2,088 2,309 2357 1 e-;7 1 'J22 1 9:-: 10 Rem PmJ 151 158 156 222 177 197 218 15 16 23 24 ()\h~r (~Jcr:ltllil,l<lll:'\penst:."
201 266 312 411 430 478 616 754 1.318 1.266 1,324 Tnt,tl E\pmtliture 1,671 1,862 2,027 2,252 2,363 2,763 3,143 3,126 3,171 3,211 3,287 Surplu~ on Curn'nt An:ount (6361 (6961 (611) (2491 (B09) (920) (1,255) (744) (720) (2741 (182) !\,l[e rill: lxpar1mcntul Fnkrpnses an': Anpor1 amI Post on]!.

:c 33 TABLEtS SOURCES OF FUNDS \.
Surplus on Current Account ') Sale llf ],mu ~, Lmm ReceljJh -+ Lllan Rep,J\l11enh , De\'elupmCl1t Alu Funu~ COlVIMONWEALTH OF DOMINICA CAPITAL ACCOUNT OF CENTRAL GOVERNMENT (Thousand of East Caribbean Dollars) 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 94/95 95/96 96/97 1,700 6,001 11,849 16,470 12,756 4,845 11,775 2,415 (10,489) (391) 12,365 (1,051) :-;.
J-3UITU\\IIlt!

(4,968) (3,648) (3,286) 22,117 (5,440) 22,529 (31,106) (29,633) (38,251) 20,319 23,811 25,837 9, Finance of Capital Expenditure l JS[S UF FUNDS Lll1u De\'e!upment ~ - C'ln~tructlun IZc: ilJentw] 13uiluing~ 'J .lllRe~luential Builuing~ ( Ithc:r ~, ] r'.
:n~pun Equipment -+ Other Lqulpment 5 Purcha~e [)f Financial J\~~et~ 182 276 34 7,260 1,088 1,500 1,000 1,000 1,000 1,000 250 125 ().
Purchase of Building~ 0 0 0 60 0 0 0 0 0 0 0 0 ~ I Sinking Fund and Repayment of Loan~ 8.
Total Capital Expenditure 2,481 3,616 7,222 4,583 4,763 5,055 6,163 8,662 6,664 14,813 10,623 16,634 44,568 15,721 48,093 62,435 65,346 68,592 39,924 26,663 31,680 73,459 55,811 69,782 34 TABLE 20 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT EXPENDITURE AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT 1985 1986 1987 1988 1989 1990 1991 1992 1993 199-1 1995 1996 Pcrsonal Emoluments 20.65 18.87 18.14 17.66 17.47 19.39 16.82 17.66 18.32 16.36 16.29 1730 I'ensiun & Gratuities 2.22 2.18 205 1.97 1.98 208 1.86 201 202 1.84 1.81 1.96 \11scdhlllcous (roods & Sen ices 562 6.25 6.08 6.32 6.98 6.61 6.70 6.93 7.92 7.39 709 7.57 I,ess j·ccs & Sales 2.69 270 2.49 172 0.70 058 1.33 1.10 1.15 1.22 1.17 1.90 (ill\'cmmcnt I-1nal l'onsumptiun j':"penJiture 25.80 2460 23.78 24.23 25.73 27.51 2404 2550 27.11 2437 2402 2493 Current Tr:lllsler j l) 3.48 2.92 3.70 2.49 2.47 273 3.23 246 2.97 1.24 148 2.20 Illlusehold i.l )cal Authorities \lui1 Protit Making.
HllJles AbroaJ-Cancllm AhroaJ-Nlln-l':lricum 0.94 0.28 0.92 0.90 0.45 0.76 0.29 0.83 0.44 0.59 087 0.29 0.76 1.15 062 0.35 0.28 0.69 0.69 0.46 0.28 0.27 07a _0.23 0.87 0.78 -0.24 Interest 343 2.70 232 233 202 2.18 246 2.78 2.75 2.81 2.87 352 Urants & Contnhutlons 0.20 004 0.16 0.05 010 0.07 0.27 0.24 0.26 0.19 018 0.33 SUbSlJ\ 034 0.30 0.29 032 0.40 0.40 0.45 0.48 0.53 0.51 0.33 0.74 Iotal E'\pcnditure 33.24 30.57 30.25 30.44 3099 32.89 30.46 31.45 3361 2912 28.88 31.72 36 TABLE 19 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERt~MENTREVENUE AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT 1985 1986 1987 1988 1989 1990 1991 1992 1993 199-t 1995 1996 I)irccl T~I"c~ 11.55 9.35 10.12 8.63 9.58 9 95 1069 9 14 8.60 830 965 9.92 Pcr,;,1l1;l!
[l1col11e la\ l'UInIX\n\ Il1come Ta\ ( Hhcr Dircct Tn \e,; Indirect LI\e,; 20.73 22.14 22.03 24.78 2341 22 26 19.79 1988 1940 1830 1863 18.13 h1port DUlic,; I \I,,'rt 1)dl1C~ C'0I1'Ulllpl]()11 Ta\ (lther IlldlrL'ct Ta\c~ I'r,)pcrt\ Incomc 0.61 0.30 041 0.28 0.39 0.31 071 0.65 1,15 040 065 1.80 1'\'l1t ,,1'1 .md I h\ dCl1J,; -II] tl'!
l"t ( '1IITC1l1 1'r:IIl,;llT~ J-'rl)lll Ill)L!.,l'lwIJ, S;)Cl~l!
Sec 1111\ CUl1lrihililHb 0.31 0.28 0.31 0.20 0.22 0.30 059 066 066 0.52 073 048 1'1\)!1Il'w;"llc'\ Alllllllrit\ 045 042 0.69 059 0.31 0.60 058 0.52 048 045 0.42 0.39 /'r.lrlh (1(1\ lTlll1lCl1t l'l1rp,)r:lli')I1~ 011 000 000 000 000 000 000 000 0.00 000 000 000 S, rplll' ,,1' Ik!1:lrtlllCI1I:l!
II1ICrpn'l'~ -0.28 -0.27 -0.22 -008 -0.24 -0.25 -031 -0.17 -016 -005 -0.04 -0.10 Total Rl'l'urrcnt Rc\cnuc 34.01 32.94 34.43 35.60 34.76 34.20 33.35 31.94 31.31 29.04 31.29 31.53 35 TABLE 21 THE BALANCE OF PAYMENTS OF DOMINCA SUMMARY 1988-1997 CURRENT ACCOUNT 247.80 290.82 229.81 352.69 280.46 398.11 288.46 379.22 305.26 373.86 1988 1989 1990 1991 1992 CREDIT DEBIT CREDIT DEBIT CREDI DEBIT CREDIT DEBIT CREDIT DEBIT GOODS AND SERVICES 210.41 267.00 192.38 32470 24151 36166 251 18 341.06 26914 33811 A Goods Merchandise Stores and Bunkers B.
Service Transportation Travel Insurance SeNice Financial Service Other Business Services Govemment Services C Income Compensation of Employees Investment Income D. Current Transfers General Government Other Sectors n n 10.24 12.07 1.80 1.40 11.69 15.91 1.80 989 0.90 15.01 25.70 1.00 24.70 .
7.91 4.40 3.51 6736 6976 90.12 81.00 101.01 80.58 120.38 87.57 7.74 42.39 5.60 no 9.78 185 9.72 2.10 762 27.71 1.00 26.71 3988 9.65 4111 1082 41 17 55.16 10.06 11.90 9.61 c n 65.20 12.49 362 0.00 896 0.00 13.32 69.79 9.78 0.00 4465 15.24 969 0.00 14.13 17.38 1937 12.14 24.59 12 11 1 12 100 200 582 290 5S8 9.64 852 n CAPI rAL AND FINANCIAL ACCOUNT 88.32 40.98 142.03 18.88 136.50 20.87 120.42 18.43 108.06 20.07 A.
Capital Account Capijal Transfers Acquisijion & Disposijion of Nonproduce Non-Financial Assets B.
Financial Account Direct Investment Portfolio Investment Other Invesment Public Sector Long Term Loans Other Public Sector Capital Commercial Banks Other OVERALL BALANCE FINANCING Change in SOO Holdings Change in Reserve Posijion with the IMF Change in Government Foreign As-~ets Change in Imputed Reserves Source: ECCB and CSO 38.70 38.70 000 49.62 3220 0.00 17.42 16.72 0.00 000 0.70 910 0.00 0.00 0.00 9.10 5.16 516 0.00 35.82 0.00 0.00 35.82 11.78 0.00 22.90 1.14 -2.10 7.00 000 6.00 1.00 0.00 42.07 42.07 0.00 99.96 46.43 0.00 53.53 3074 0.00 22.09 0.70 5.60 0.00 0.00 0.00 5.60 37 5.41 5Al 0.00 4038 40.38 0.00 392 3.92 0.00 39.81 39.81 000 421 4.21 000 13.47 96.12 16.95 80.61 14.22 0.00 0.00 13.47 11- TABLE 21 THE BALANCE OF PAYMENTS OF DOMINCA SUMMARY 1988-1997 1993 1994 1995 1996 1997 CREDIT DEBIT CREDlT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT 291.01 365.45 320.58 424.22 333.99 455.12 363.66 441.58 391.60 494.32 CURRENT ACCOUNT - 255.45 33017 272.16 365.13 281.33 387.65 307.84 368.45 334.42 419.77 GOODS AND SERVICES 132.04 248.30 129.18 258.54
GOODS AND SERVICES A Goods Merchandise Stares and Bunkers 143.00 106.59 145.82 110.99 165.<13 102.64 201.22 13813 B.
Service 123.41 1660 75.26 8.00 000 81.87 43.00 13.38 8.42 0.00 15.66 87.60 7.53 0.00 2064 10.63 31.17 2.91 6.44 1.ll4 6.02 0.09 7.93 25.22 0.05 25.17 33.54 10.06 3.69 29.8' Transportation Travel Insurance Service Financial Service Other Business Services Government Services C.lncome C6fIlpensation of Employees Investment Income D. Current Transfers General Government Other Sectors 104.18 19.75 132.16 24.92 242.20 16.35 133.24 67.18 163.93 63.40 CAPITAl AND FINANCIAL, .-:...U: NT 30.26 30.26 000 74.52 35.68 0.00 38.84 1154 5.63 19.45 2.22 1.13 0.00 0.00 0.00 1.13 4.00 4.00 0.00 15.75 0.Q3 0.28 15.44- 11.90 0.00 0.00 3.54 2.58 3.19 0.00 1.90 1.89 0.00 2531 23.73 1.58 2.17 ll.50 1.67 107.45 22.75 61.11 002 4632 16.07 8.83 16.61 4.81 1650 4.50 0.00 0.00 12.00 0.00 0.00 22.75 12.11 4.82 0.00 576 -9.32 718 4.50 1.81 081 0.00 66.55 52.60 13.95 175.65 148.19 0.00 27.46 2000 2.22 0.00 524 000 0.00 0.00 0.00 0.00 1120 ll30 10.90 65.15 2.14 21.50 41.51 13.79 3.78 17.69 6.25 22.00 22.00 0.00 1.81 1.35 18.84 5771 57.71
 0.00 75.53 50.33 1.29 23.91 17.87 0.00 0.00 6.04 0.00 0.00 0.00 0.00 000 61.14 61.14 0.33 ll33 0.32 0.32 · 9.n 0.00 0.00 0.00 O.QO 0.00 A CapKal Account Capnal Transfers AcquisKion & DisposKion of Nonproduce Non-Financial Asset, B.
Financial Account Direct Investment Portfolio Investment other Invesment Public Sector Long Term Loans Olller Public Seelor Gapital Commercial Banks Other 5.01 OVERALL BALANCE 5.01 FINANCING 0.00 1.52 1.62 187 Change in SDR Holdings Change in Reserve Position with the IMF Change in Government Foreign Assets Change in Imputed Rese<Ves Source: EGCB and GSO TABLE 22 COMMONWEALTH OF DOMINICA SELECTED ECONOMIC INDICATORS UNIT 1983 198~ 1985 1')86 1987 1988 19H9 19911 1991 1992 1993 199~ 1995 199fi 1997 CURRENT PRICES (lDP al FacioI' emf (~LJP a[ Alm*et Prices G 1-,;p 111.\ larke/ IJnces Per c'lpifa Gnp a/ Factor COSI Per Capita Gn!)
at ,\larkel Prices Per Capita CiVIl at J larke!

Price.I' CONST!\NT PRICES (jDP at }illclOr (~().\l (jDP al .\ larkeJ !

)rlces (;yp a1 ,\ t"rkef Price.\ /Jer Capita GDP at Factor Cost reI' Caplfa (;np 01 .\ larkel Friel'S reI' Capita GX?

al ,-\!arkl'1!Jr icn W '<l A/id Year Populati(m. h I "al1le 0/ 1<..'xporlsrF!

)8; 1"nlue oj'lmpur/stCIf<) Cotlstruction rmporls ('on:lIImer Price Tnde:d/'!'.'R.

199-1 IOf); impli"l!


Deflalor of(~,/)I)(1990 -- 100) (hrvermnent Ut'clI,.,.enf R(T\lenlll' II Government Recurrent t;:rpelUfitIiN TOlal r"L\;for Arrivals Tolal P£l.~seng('rArrivals Cruise ship pas.H'ngen Total Tourism Fr:pendifllrl' Eltclriciry Generated BmwIJa Producliml Commercial Rank Loans (()utsltmdi"XJ a n,ese.

!igures relme to !lrefiscalyears h EsUmafed Alid-y,:ar Population ITS .\1 g'S II IFS .\ I I,'('S li( 's F( 's rcs II g'S \I IFS .\1 Fe'S 1.n rcs '0011 f('S .\1 !TS.\1 U'S.II I\,nn f\Dn g'S.
!1 ITS II Vi.

Wi.
Wi rcs' .\1 11110 KII' I() \'.\'1:' U',ql 557.08 655.24 609.36 7,376 8,675 8,068 430.63 50651 180.42 20269 223.28 253 27 28363 31922 24259 266.18 302 fi() 341.14 38817 33756 41469 369.84 407,36 43587 4~6 35 49406 513.84 54340 449.07 487.19 517.75 541.13 581.74 60486 638.41 239.89 262.78 29609 334.81 383.95 403.92 435.73 466.49 497.86 52393 551.98 566.8U 587.65 2,777 3,:123 J,286 2,992 3,567 3,522 3,427 4,095 4,007 3,869 4,653 4,567 4,382 5,328 5,270 4,684 5,755 5,605 5,172 6,280 6,093 5,700 6,817 6,527 6,065 7,204 6,928 6,269 7,434 7,198 6,G76 7,861 7,459 6.844 8,056 7,549 7,207 8,467 7,794 21580 216.88 2,462 2,945 2,960 267.93 282.29 287.05 30669 327.55 351.72 34778 369.84 377.78 388.14 395.35 403.84 41031 42294 :12047 33787 342.21 366.43 '39J.97 42769 42665 44907 451 06 461 05 408.80 47551 482.99 49690 J21.85 334.49 338.04 35fl n.' 67.34 6600 6980 26.40 69.98 71.80 7016 7467 23.80 71.4~ 77
 70 7593 74.23 21 fiO 7362 82.58 8342 7742 25.50 77.20 8659 97.64 8579 3670 78.91 9076 4980 84.94 970ll 4630 87.66 3870 92.50 ""9757 29.14 Q9.10 2965 9911 38.60 4079 3604 100.40 102.10 100.00 107.83 112.30 11543 , 22 34 125.23 127 19 104.57 127.19 113 65 11735 12648 97.18 10460 121 63 135.fl4 12407 139 50 142.87 14489 160.78 171.33 179.52 137.09 103.36 146.28 14842 17239 200.78 22,3~0 2J,826 21,962 24,856 27,906 36,534 39,336 :'12,366 55,211 54,722 50,710 65,331 68,838 68,648 68,756 37,954 40,971 39,215 42,193 47,125 57,727 65,184 84,240 90,015 89,276 91,610 99,490 103,652 104,151 104,730 n' 18,225 33,997 6,112 3,216 6,602 11,454 12,080 9,008 7,330 n.a n.el eo 20,216 21,894 23,413 ""26,550 "" 29.795 n.' 32,534 6,777 5516 64,762 89,835 87,836 125,541 134,921 193,484 230,081 6520 687 75.26 8253 8766 98.82 106.78 3(l.936 41,355 45,987 48.385 52,365 56,227 60,093 65,783 36,177 29,605 55,000 67,725 76,872 58,259 6(J,706 65,16~ 67,049 64,149 46,051 32,667 39,956 34,911 9628 10947 118.60 11574 1O~1.78 143.48 19014 25074 291 1S 317 34 3(i590 40570 44527 45001 486.46 CHART 1: GOP AT FACTOR COST IN CURRENT & CONSTANT PRICES "'" a c 0 .-:e 1= ..".
0 w 600 500 400 300 200 100 o 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 YEAR • CURRENT PRICES lJCONSTANT PRICES_I CHART2: PERCENTAGE CONTRIBUTION OF ECONOMIC ACTIVITY IN CONSTANT PRICES Imputed Service Charge Other Services / Government Services Real Estate & Housing "'">-' Banks & Insurance Mining & Quarrying Manufacturing -..- Electricity & Water .. " .. Construction Communications holesale & Retail Trade Transport Hotels & Restaurants CHART 3: CURRENT & CONSTANT GROWTH RATE 12: -'i-" .-'-1- -1--1- f!.
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- - - - --_._---- - --e-CURRENT - - - - - - - - --CONSTANT 20000 15000 10000 fh Ul ~ ~ 5000 c....~ C/) 0 -5000 -10000 CHART 4: SURPLUS ON CURRENT ACCOUNT OF CENTRAL GOVERNMENT / ~ / '\ / / / / -------- \ \ \ I"--- / 1/ 1\ \ 85 86 87 88 89 90 91 92 93 94 95 96 97 Fiscal Year ~ .J ~ema{C{rade Statistics C{rave{Statistics Consumer~celnde~ 1fationa{Accounts P.conomic Indicators CBalance ofPayments Population Statistics C])emograpliic Statistics CEducation Statistics Central Statistical Office Ministry of Finance Tel (767)-448-2401 Ext.
3400 - 3407 Fax: (767)-448-5200 Price: EC$25.00