Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697797049934.pdf (Dominica)
NATIONAL ACCOUNTS STATISTI,CS OF THE COMMONWEALTH OF DOMINICA 1982 • 1995 ... j: :-.-.

:;.­ ~ " Central StatiStical Office Ministry ofFinance Roseau, Dominica fI' • • • • • ­., .. - - fill ­ ­ PREFACB This is the seventh 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 GOP at current prices, Gross National Finance.
Disposable Additionally, it includes the Balance of Payments components from 1986 to 1995.

The acc.ounts of central Government as well as government enterprises and some key economic indicators are also included.

Appropriation Capital Income, and 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 the tables which have been recommended in the SNA are not here 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 1982 to 1994 and preliminary estimates for 1995.

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 1986 to 1994 and preliminary estimates for 1995.

Heavy reliance is being placed on an annual survey of establishments which 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 of the OECS/Economic Affairs secretariat and Miss Lucilla Lewis and Miss Miriam Blanchard of in finalizing and Balance of Payments statistics.
the National Accounts the ECCB have gone a long way ' i~h~~i""M~' ..... ,.. Chief statistician statistical Office ~.ll:.fh.~ cisne M. Pascal Administrative Cadet Central statistical Office n, r~· TABLE OF CONTENTS PAGE PREFACE Defim'tion of the Components ofthe Accounts and Related Aggregates Notes on Methedology Analysis of the Perfomance ofthe Dominican Economy for 1995 TABLE 1 Gross Domestic Product By Economic Activity at Factor Cost in Current Prices 1982-1995 2 Gross Domestic Product By Economic Activity at Factor Cost in Constant Prices 1982-1995 3 Expenditure On Gross Domestic Product in Current Prices at Purchaser's Value 1982-1995 4 Gross National Disposable Income, Appropriation and Capital Finance in Current Prices 1982-1995 5 Percentage Contnbution ofGDP By Economic Activityat Factor Cost in Current Prices 6 Percentage Contribution of GDP BY Economic Activity at Factor wst in Constant Prices 7 Rate of Growth ofGDP by Economic Activity at Factor Cost in Current Prices 8 Rate of Growth of GDP by Economic Activity at Factor Cost in Constant Prices 9 Percentage Change ofExpenditure on Gross Domestic Product in Current Prices 1 8 13 I l l ' 10 Gross Domestic Product DeDators ByEconomic Activity at Factor Cost 1982-1995 11 Index ofGDP By Economic Activity at Factor Cost in Current Prices 1982-1995 12 Index ofGDP By Economic Activity at Factor Cost in Constant Prices 1982-1995 13 Gross Domestic Production and Allied Aggregate in Current Prices 1982-1995 14 Gross Domestic Product
 and Allied Aggregates in Constant Prices 1982-1995 15 Current Account of Central Government Revenue 16 Current Account ofCentral Government Expenditure 17 Current Account ofDeparmental Enterprises 18 Capital Account ofCemtral Government 19 Current Account ofCentral Government Revenue as a Percentage of GDP 20 Current Account ofCentral Government Expenditure as a Percentage ofGDP 21 Balance ofPayments ofDominica 1986-1995 22 Selected Economic Indicators CHART 1 GDP at Factor Cost in Current & Constant Prices 2 Percentage ContrIbution ofGDP by Economic Activity at Factor Cost in Constant Prices .
3 Rate ofGrowth ofGDPin Current & Constant Prices 1981-1994 4 Surplus on Current Account of Central Government 25 26 27 28 29 30 31 32 33 34 35 36 38 39 40 41 42 '''1 DEFINITION OF COMPONENTS OF THE ACCOUNTS AND RELATED AGGREGATES I.
COMPENSATION OF EMPLOYEES: This is defined to include all payments by resident producers of wages and salaries to their employees in cash and in kind, and of contributions paid or imputed, in respect of their 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 work 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: (a) Medical Examinations (b) Sport and other recreational facilities (c) Amenities at place of work (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.

The SNA states that if in the absence of special schemes of reserves, employers make direct payments of this type to their I employees, should be schemes.

imputed contributions in respect of these in the employers contribution included obligations to private II.
THE OPERATING SURPLUS: This is equivalent to the excess of the value added at producer's prices over the sum of compensation of employees, indirect 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 shown 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 enterprises, relate to profits before taxes, it is necessary to adjust them to remove any 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 finished 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 The formation and in the sales of the construction industry.

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 own account, should also be covered in the gross output of industries.

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 military purposes are treated as intermediate consumption.

It should be noted that family dwellings for military personnel are not treated as a part of Government consumption but as pUblic sector investment.

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

when r' 11' 'f1' l" '" '" 2 given for civilian use, are not part of Government 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 case of industries are not treated as being the intermediate consumption of these institutions, but included as part of compensation of employees, and therefore, become part of final consumption of households.
V CONSUMPTION OF FIXED CAPITAL: This is defined as the value at current replacement cost of the reproducible fixed assets except the roads, dams and other forms of construction excluding structures of the producers of government services used up during a period of account as a result of normal wear and tear, foreseen obsolescence.

Major catastrophes and the depletion of natural resources are not taken into account.
VI INDIRECT TAXES: These are def ined as compulsory payments to Government which industries treat as part of the cost of production.
They include import and export duties, excise, sales, entertainment and turnover 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 (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.
labour VII SUBSIDIES: These are all grants on current account made by Government to private industries and pUblic corporations, and grants made by the pUblic authorities to Government enterprises in compensation for operating losses, when these losses are clearly the consequences of the policy of the Government to maintain prices at a level below cost of production.
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 treated as current transfers and not as benefits should be subsidies.

3 VIII.

GOVERNMENT FINAL CONSUMPTION This is defined as the gross output of producers of Governm7nt services less the value of Government sales and the value of 1ts own-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.

include services, fees and charges The Government final consumption expenditure, consists therefore of the purchase of qood~· and and expenditures on compensation of employees less the revenue received from sales.

Sales do not levied by Examples are payments of Governments for regulatory purposes.
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 Fines an penalties are also taxes when paid by enterprises.

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

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

from gross output that are 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 own account.
Sales less purchases of second-hand fixed assets and sales of scrapped fixes assets by producers should be deducted from gross fixed capital formation.

Gross fixed capital formation covers the following items: ( i) Acquisitions by producers of civilian use of tangible assets which have an estimated 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.
I I Outlays on improvements and alterations of capital goods which significantly extend their expected lifetime of use of sUbsta~tially increase their productivity are considered"to be gross fixed capital formation.

(iii) Outlays on the reclamation and improvement of land, on the development and extension of timber tracts, mines, plantations, orchards, and similar agricultural holdings are included in gross fixed capital formation.
4 ~' ., (iv) (v) Purchases and breeding of draught animals, breeding stock, dairy cattle and sheep and other animals raised for wool and hair clips should be treated as acquisitions of fixed assets.

Dealer's margins, solicitors' fees, stamp duties and other transfer costs of 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 STOCRS: 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, 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 ~ervices.
In practice, the closest feasible approximation may be the difference between the levels of these stocks at the beginning and end of the period, both valued at approximate ave~age prices ruling over the period.

supplies, work-in-progress except XI EXPORTS AND IMPORTS OF GOODS AND NON-FACTOR SERVICES: in kind etc.
Military equipment This consists of the transactions of the residents of a given country with the rest of the world, and covers merchandise, transportation, travel, insurance and other non-factor services, such as Government transactions, various fees, rentals royalties, transferred between gifts 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.

f.o.b., while the valuation of imports is c.i.f.

The valuation of exports is 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.

It is equal 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 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 recieved from other units, at home or abroad.

5 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 deriveq 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: the is defined as This two major components, net sum of 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 income covers investment income from ownership of 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.

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 current values down into a price compopent and quantity component.
Estimates at constant prices are· llsuaily indices or by ..derived by deflating extrapolating base year values by appropriate volume indices.

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

the values by price 6 '"I 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 The production approach, output.

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.

is estimated by deducting The value income approach, is used to estimate the value added by The 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 AGRICULTURE NOTES ON METHODOLOGY This sector comprises 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 srops-such as yams, dashhens and tannia.

Value added is estimated by the production approach.

The value of including output consists of exports and 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 f.o.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 growers.

local consumption, The cost of material inputs consists of imported inputs such as seeds, fertilizers, pesticides and insecticides.
The c.i.f.

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, local inputs of materials and costs of repairs and maintenance of agricultural 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 potassic fertilizer prices, and local inputs are taken to be 10% of constant price outputs.

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 These· are cross-checked for from consistency with the Ministry of the estimates provided by 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.

the major poultry farms.

,.

8 ELECTRICITY AND WATER The value added in this sector is estimated by the income approach.
The main source of data are 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.

the accounts of 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 material is negligible.

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

values of imports of construction material are adjusted downwards 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 by 65% of the gross value of output.

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

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

WHOLESALE AND RETAIL TRADE in the trade sector is estimated by income The main source of data are the accounts of trading Value added approach.

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 The constant price be a very small percentage of the total.

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.

the 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 index of the total number of visitor year value added by an arrivals.

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

9 FORESTRY The value of output covers bamboo, wood, firewood 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 For the Ministry of Agriculture Fisheries Division· For fishing, Since December 1983, landed catch.

provided estimates of enumerators from the Ministry are collected in detailed monthly data on catch at major fishing ports.

Data are also obtained from the cooperatives.


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 lbs and 2,080 lbs 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 two 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 prices.

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 worked out by extrapolating the base year estimate on the basis of quantities of manufacturing output.

"I' Hl.

10 ROAD TRANSPORT 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 ?re extrapolated by the number of vehicles in each category.

WATER TRANSPORT The income approach is used to derive value added estimates for water transport, which 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 "~ The This sector covers LIAT, Carib Express, air travel and airport travel agents and airport administration.

administration have been obtained from their accounts, and 5% of LIAT's operating surplus is being included representing the share of equity capital held by Dominica.

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

income of COMMUNICATIONS The estimates cover the operations of the Post Office and Cable and Wireless.
The accounts of the Post Office which 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 accounts 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 rate of inflation and for insurance the deflator was based on a combined index (85:15 weights), of car and property insurance rates.
REAL ESTATE AND DWELLINGS The value added estimates for owner-occupied dwellings are calculated on the basis of number of houses and average rent per 11 One month I s rent is subtracted as cost of repairs and house.

maintenance.

The number of dwellings 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 whole 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 to obtain current price The constant price value added for 1979 has been estimates.

adjusted downwards on accpunt of destruction of houses by Hurricane David.

The Roseau Market Authority is engaged in real estate.

The contribution is based on compensation of employees.
the total Consumer Price Index is very small as to value added GOVERNMENT SERVICES and salaries, pensions The value added at current prices are obtained from analysis of the data on actual expenditure available from the computer printouts.

The wages 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.
OTHER SERVICE This sector covers business, entertainment and personal services, such as services of accounting 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 The constant price series is derived on the and remuneration.
basis of population growth, and the current price series obtained by inflating the above with the Consumer Price Index.

legal firms, IMPUTED BANKING SERVICE CHARGES According to the recommendation of the UN SNA, the imputed-banking service charges, which consists of the difference between interest earned on loans and interest paid on deposits, have been deducted from the GOP 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 '1' ttl ANALYSIS OF THE PERFORMANCE OF THE DOMINICA ECONOMY - 1995 (The Dominica Economy grew by 1.76 per cent) OVERVIEW: The Dominica economy grew by 1.76 per cent in real terms in 1995.
The positive growth in 1995 can be attributed to the significant increase in the construction, mining & quarrying, wholesale and retail trade, transport, communication and other services sectors.

A decline, however, was registered in the two largest contributing sectors to Gross domestic Product, agriculture and government services.

AGRICULTURE SECTOR: The agriculture sector registered negative growth for the third consecutive year.
This expected decline was as a result of the continued downward slide of production in the banana industry, worsened by destruction caused by hurricanes Marilyn and Luis and storm Iris.

the Dominica Banana Marketing Banana exports, according Corporation reports, fell by 30.96 per cent, moving from 42,780 tonnes in 1994 to 32,668 tonnes in 1995.

Total revenue from the banana exported was valued at EC$44.16 million, EC$11.47 million less than 1994 earnings.
The average green wholesale price per tonne received by DBMC dropped by 35 per cent.

to The overall output for the agriculture sector declined by 8.03 per cent, with the sub-sector crops, falling off by 10.27 per cent.

Agriculture total output accounts for 20.26 per cent of total real GOP.

The livestock, forestry and fishing sectors grew by 2.06%, 1.9% and .55% respectively.
HOTEL AND RESTAURANT SECTOR: , Activity within the tourism sector is largely reflected· in -the changes in the hotel and restaurant sector and as such, this is used as a proxy in estimating tourism contribution to overall GOP.

For the year under review, the contribution of the hotel and restaurant sector to real GOP was 2.8 per cent.

This sector recorded an increase in value added of 2.55 per cent when compared with 1994.
This increase may be as a result of the average visitor arrivals growing by 5.5 per cellt, the expansion of the airlines industry in the first half of 1995 with Carib Express and then in the second half with the American Eagle.

13 Tourist arrivals (stay over visitors) for Dominica increased by 6.98 per cent, moving from 56,522 in 1994 to 60,471 in 1995.

55.8 per cent of all tourists came from the Caribbean, with 29.2 per cent of that Caribbean total originating from the French West Indies.
Overall, Europe accounted for 21.4 per cent while 18.1 per cent from the united states.

MANUFACTURING SECTOR: The manufacturing sector showed growth of only 0.11 per cent, after a 9.62 per cent drop in 1994.

The poor performance in this sector the cessation of business by major can be accounted for by contributor, ABC Containers.

Improvements were noted in the last quarter of 1995, because of the opening of the beer producing plant, Dominica Brewery & Beverage.
continued improvements are expected for 1996, due to the re-opening of the banana box factory.

This sector's contribution to GDP stood at 6.61 per cent in 1995.

CONSTRUCTION AND MINING & QUARRYING SECTORS: The construction sector was of total GDP in 1995. estimated to account for 8.45 per cent At 6.5 per cent, Construction registered the third largest sectoral growth in the economy.
The expansion, in this sector over 1994 figures, was due mainly to large construction projects, such as the new Layou River Hotel, the Japanese Fisheries proj ect-Coastal Fisheries, the Bay Front cruise ship berth, the AID Bank building, the completion of the maternity wing at the Princess Margaret the commencement of WoodfordHill-Atkinson water Hospital and project.
Mining & Quarrying, a sector which generally direction as the construction sector, grew by fourth largest growth registered for 1995. moves in the same 6.44 per cent, the BANKING & INSURANCE SECTOR: Although this sector was affected by the active hurricane season ,of , it recorded real growth of 3.65 per cent.
This growth was 1995 due mainly to the booming construction industry and increased the wholesale & retail trade, transport and other activity in It should be noted however, that in abnormal services sectors.

circumstances where claims are the insurance industry is given special treatment to avoid distortion.

in excess of the usual, The Banking & Insurance Sector's overall contribution to GDP was 12.51 largest contributor to GDP, preceded by wholesale & retail trade, government services and agriculture.
in 1995.

It is the fourth 14 - ...

According to the commercial banking statistics pUblished by the Eastern Caribbean Central Bank the level of lending and saving for all commercial banks in Dominica rose above 1994 levels.

Personal burrowing accounted for the greatest portion of loans and advances issued.
The biggest increase in the level of burrowing as recorded for December 1995 over December 1994 were 59.51% and 41.16%, done by the Government & statutory Bodies and Public utilities sectors respectively.

COMMUNICATION SECTOR: The communication sector is the fastest growing sector in the economy.

This sector registered real growth of 12.01 per cent and contributed 8.83 per cent to GOP in 1995.
This performance can be attributed to the introduction of the fibre optic project and access to international internet services, and a modestly expanding market base.

TRANSPORT SECTOR: The transport sector grew at a rate of 5.09 per cent for the year under review.

This sector benefitted from the increased cruise ship visitors, the introduction of the American Eagle flights at Melville Hall Airport and increased construction activity in the economy.
The number of cruise ship calls reported moved from 244 in 1994 to 267 in 1995, also the number of persons disembarking grew by 7.81 per cent in 1995.

Of the three SUb-sectors, air transport recorded the highest growth of 7.25 per cent, followed by road transport with 6.59 per cent and sea transport with a 2.05 per cent.

This sector accounted for 10.16 per cent of total GOP.
WHOLESALE , RETAIL SECTOR: Not unlike the transport sector, the wholesale and retail sector feeds off the construction and tour~sm industries.

For 1995 wholesale and retail recorded a 8.57 per cent real growth.
the gains made in 15 TABLE 1 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCf BY ECONOMIC ACfWITY, AT FACTOR COST IN CURRENT PRICES (ECS MIllION) 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992R 1993R 1994 1995 Agriculture Crops Livestock Forestry Fishing 49.78 52.50 56.80 62.39 76.64 84.46 90.83 80.94 92.49 96.91 97.62 98.01 107.34 100.90 38.96 40.67 43.41 48.88 63.63 70.63 76.34 66.18 77.66 81.05 81.18 80.76 88'.84 Mining & Quarrying 1.40 1.33 1.50 1.46 1.38 1.76 2.57 2.91 3.08 3.03 3.31 3.44 4.08 4.43 Manufacturing 13.39 14.12 12.36 14.37 16.88 18.25 20.99 24.53 26.43 30.71 35.55 37.53 35.27 35.77 Electricity & Water 5.00 5.23 5.92 6.24 6.68 7.39 8.97 10.04 11.18 11.49 17.19 18.87 20.02 20.99 Construction 13.69 12.58 17.17 15.00 11.82 14.42 21.05 24.97 28.16 31.09 32.51 34.35 40.83 44.35 Wholesale & Retail Trade 13.79 14.12 14.68 21.08 25.80 30.24 33.21 38.59 41.07 44.36 48.11 50.14 55.99 61.59 Hotels & Restaurants 1.56 1.86 2.21 2.62 3.05 3.81 4.77 5.00 7.63 8.82 10.05 12.56 13.38 15.06 Transport Road Transport Sea Transport Air Transport Communications 17.02
Banks & Insurance 9.68 11.73 16.70 18.33 19.83 22.06 28.56 34.61 41.65 47.21 48.63 50.94 55.03 57.79 Real Estate & Housing 8.61 9.13 9.41 9.71 10.18 10.99 11.54 12.66 13.51 14.74 16.40 16.68 17.29 17.81 Government Services 37.05 40.63 47.05 50.12 54.36 57.63 59.52 66.98 69.01 80.64 80.07 84.54 96.76 92.89 Other Services 2.18 2.31 2.40 2.49 2.66 2.91 3.08 3.63
 3.90 4.21 4.39 4.74 6.78 7.12 Less Imputed Service Charge 7.23 7.38 10.03 9.87 10.36 12.05 15.39 21.11 28.11 34.44 34.79 35.09 35.88 36.78 TOTAL 163.60 180.42 202.69 223.28 253.27 283.63 319.22 337.56 369.84 407.36 435.87 456.35 498.93 510.27 GROWTH RATE 6.99 10.28 12.34 10.16 13.43 11.99 12.55 5.75 9.56 10.14 7.00 4.70 9.33 2.27 SOURCE: Dominica Central Statistical Office / OECS/EAS 1995 Data Provisional 1st April 1996 R-Revised 16 TABLE 2 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCf BY ECONOMIC ACfIVITY, AT FACfOR COST IN CONSTANT PRICES (EC$ MILUON) 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992R 1993R 1994 1995 Agriculture Crops Livestock Forestry Fishing 77.39 77.53 82.47 , Mining & Quarrying 1.64 1.62 2.05 2.11 2.00 2.32 2.85 3.01 3.08 2.60 2.92 3.04 3.26 3.47 Manufacturing 18.43 18.79 17.59 19.89 20.74 21.97 24.2 25.66 26.43 27.49 29.60 30.04 27.15 27.18 Electricity & Water 6.17 6.58 7.08 7.56 7.99 8.56 9.22 9.91 11.18 11.92 13.15 12.73 13.60 14.26 Construction 15.56 14.69 20.70 18.45 15.58 17.56 22.93 24.19 28.16 28.70 28.50 29.64 32.60 34.72 Wholesale & Retail Trade 25.16 24.68 25.01 27.27
 30.00 33.40 36.08 39.48 41.07 42.30 43.48 44.66 49.02 53.22 Hotels & Restauran ts 3.26 3.73 3.83 3.70 4.17 4.57 5.28 5.52 7.63 8.82 9.02 10.67 11.37 11.66 Transport Road Transport Sea Transport Air Transport Communications 5.61
2.02 2.71 3.01 3.44 3.55 3.67 3.38 3.31 3.55 5.61 1.50 6.10 1.64 7.00 1.78 9.52 10.34 10.92 12.09 13.46 18.59 20.45 23.21 23.66 28.38 31.61 31.46 32.38 36.27 Banks & Insurance 28.79 28.94 29.54 31.03 31.97 33.56 36.44 38.82 41.65 48.88 47.81 47.02 49.58 51.39 Real Estate & Housing 11.54 11.76 11.88 12.00 12.14 12.38 12.74 13.12 13.51 13.77 13.91 13.95 14.23 14.47 Government Services 58.39 59.27 60.46 61.96 62.58 64.15 66.06 66.86 69.01 70.07 70.07 71.60 72.05 71.09 Other Services 3.06 3.11 3.16 3.21 3.32 3.42 3.55 3.76 3.9 3.98 4.06 4.31 4.74 4.98 Less Imputed Service Charge 14.56 14.65 15.25 16.02 16.51 17.32 21.24 24.27 28.11 36.03 36.40 36.18 36.41 36.77 TOTAL 262.44 267.93 282.29 287.05 306.69 327.55 351.72 347.78 369.84 377.78 388.14 395.35 403.84 410.94 GROWTH RATE 2.40 2.09 5.36 1.69 6.84 6.80 7.38 -1.12 6.34 2.15 2.74 1.86 2.15 1.76 SOURCE: Dominica Central Statistical Office / OECS/EAS 1995 Data Provisional 1st April 1996 R-Revised nl'~ 17 TABLE 3 COMMONWEALTH OF DOMINICA EXPENDITURE ON GROSS DOMESTIC PRODUCT IN CURRENT PRICES AT PURCHASERS' VALUE (EC$ MIT..LION) 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 TOTAL CONSUMPTION 189.54 197.13 232.72 252.67 250.38 297.99 332.81 381.70 395.11 434.00 505.53 470.68 525.98 547.42 Private General Government GROSS CAPITAL FORMATION Land Development Transport Equipment Other Equipment Construction Increase in Stock GOODS AND NON­ FACTOR SERVICES Exports of Goods Exports of NFS Imports of Goods Imports of NFS GDP AT MARKET PRICES 141.79
Goods Imports of NFS GDP AT MARKET PRICES 35.20
57.63 62.62 36.11 39.45 31.85 33.59 50.02 35.20 32.35 44.15 38.58 30.38 37.07 54.12 64.21 72.42 79.96 72.02 71.80 79.13 104.43 6.50 4.95 5.15 6.12 7.05 8.11 9.33 -55.10 -41.90 -79.50 -62.31 -15.27 -38.18 -65.21 -138.28 -129.23 -132.78 -139.31 -78.37 -98.25 - 24:!.59 286.18 302.60 341.14 388.17 414.11 449.07 487.34 519.20 537.17 584.28 597.66 Indirect Taxes Subsidies 33.14 37.18 42.10 44.56 51.18 59.28 70.80 78.49 80.68 81.63 84.25 83.63 87.59 89.90 2.20 1.80 2.20 1.66 1.85 1.77 1.85 1.94 1.43 1.65 1.75 2.81 2.24 2.51 GDP AT FACTOR COST 163.60 180.42 202.69 223.28 253.27 283.63 319.22 337.56 369.84 407.38 436.70 456.35 498.93 510.27 SOURCE: CSO/OECS/EAS 1995 Data Provisional 18 TABLE 4 A: INCOME COMMONWEALm OF DOMINICA GROSS DISPOSABLE INCOME.
APPROPRIAnON AND CAPITAL FINANCE IN CURRENT P,RICES (EC$ MILLION) 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 GDP AT FACTOR COST 163.60 180.42 202.69 223.28 253.27 283.63 319.22 337.56 369,84 407.36 436.70 456.35 498.93 510.27 Net Indirect Taxes 30,94 35.38 39.90 42,90 49.33 57.51 68.95 76.55 79.23 79.98 82.50 80.82 85.35 87.39 GDP AT MARKET PRICES 194.54 215.80 242.59 266.18 302.60 341.14 388.17 414.11 449.07 487.34 519.20 537.17 584.28 597.66 Net Factor Income from Abroad GROSS NATIONAL PRODUCT 0.54 1.08 -2,70 -3.40 -6.51 -6.33 -4.22 -10.n -13.34 -20.69 -19.87 -17.85 -29.65 -30.96 195.08 216.88 239.89 262.78 296.09 334.81 383.95 403,34 435.73 466.65 499.33 519.32 554.63 566.70 Net Transfers from Abroad 28.60 23.00 17.01 17.55 18.09 20.50 22.70 31.60 34.49 34.32 33.02 36.97 26.23 35.35 GROSS NATIONAL DISPOSABLE INCOME B: APPROPRIATION 223.68 239.88 256.90 280.33 314.18 355.31 406.65 434.94 470.22 500.97 532.35 556.29 580.86 602.05 Private Consumption 141.79 144.86 172.49 192.78 188.29 229.84 257.78 294.99 303.25 331.50 402.33 358.45 408.57 422.85 Government Consumption 47.75 52.27 60.23 59.89 62.07 68.15 75.03 86.71 91.86 102.50 103.20 112.23 117.42 124.72 Total Consumption 189.54 197.13 232.72 252.67 250.36 297.99 332.81 381.70 395.11 434.00 505.53 470.68 525.99 547.57 .
', 11""1 !

!ft- !JJ.....
GROSS NATIONAL SAVING C: CAPITAL FINANCE Gross Capital Formation Gross National Saving FORIEGN SAVING 25.96 17.82 65.19 48.16 3.69 22.01 46.73 117.43 108.08 87.00 134.16 59.25 101.68 143.40 19 TABLES COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CURRENT PRICES 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 Agriculture Crops Livestock Forestry Fishing Mining & Quarrying 0.86 0.74 0.74 0.65 0.54 0.62 0.81 0.86 0.83 0.74 0.76 0.75 0.82 0.87 Manufacturing 8.18 7.83 6.10 6.44 6.66 6.43 6.58 7.27 7.15 7.54 8.16 8.22 7.07 7.01 Electricity & Water 3.06 2.90 2.92 2.79 2.64 2.61 2.81 2.97 3.02 2.82 3.94 4.13 4.01 4.11 Construction 8.37 6.97 8.47 6.72 4.67 5.08 6.59 7.40 7.61 7.63 7.46 7.53 8.18 8.69 Wholesale & Retail Trade 8.43 7.83 7.24 9.44 10.19 10.66 10.40 11.43 11.10 10.89 11.04 10.99 11.22 12.07
 Hotels & Restaurants 0.95 1.03 1.09 1.17 1.20 1.34 1.49 1.48 2.06 2.17 2.31 2.75 2.68 2.95 Transport Road Transport Sea Transport Air Transport Communications 6.18 8.33 8.70 3.98 5.37 5.12 1.89 0.31 2.57 0.39 2.97 0.61 8.93 5.46 2.82 0.66 9.28 5.71 2.93 0.64 9.31 5.62 3.04 0.65 9.43 5.69 3.07 0.67 9.02 5.26' 7.12
4.28 5.42 6.08 6.92 6.40 6.97 7.26 6.90 6.50 7.12 Banks & Insurance 5.92 6.50 8.24 8.21 7.83 7.78 8.95 10.25 11.26 11.59 11.16 11.16 11.03 11.33 Real Estate & Housing 5.26 5.06 4.64 4.35 4.02 3.87 3.62 3.75 3.65 3.62 3.76 3.66 3.47 3.49 Government Services 22.65 22.52 23.21 22.45 21.46 20.32 18.65 19.84 18.66 19.80 18.37 18.53 19.39 18.20 Other Services 1.33 1.28 1.18 1.12 1.05 1.03 0.96 1.08 1.05 1.03 1.01 1.04 1.36 1.40 Less Imputed Service Charge 4.42 4.09 4.95 4.42 4.09 4.25 4.82 6.25 7.60 8.45 7.98 7.69 7.19 7.21 TOTAL 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 20 TABLE 6 COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS DOMESTIC PRODUCf BY ECONOMICACfIVITY, AT FACTOR COST IN CONSTANT PRICES 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 Agriculture Crops Livestock Forestry Fishing Mining & Quarrying 0.62 0.60 0.73 0.74 0.65 0.71 0.81 0.87 0.83 0.69 0.75 0.77 0.81 0.84 Manufacturing Electricity & Water Construction 7.02 7.01 6.23 6.93 6.76 6.71 6.88 7.38 7.15 7.28 7.63 7.60 6.72 6.61 2.35 2.46 2.51 2.63 2.61 2.61 2.62 2.85 3.02 3.16 3.39 3.22 3.37
 3.47 5.93 5.48 7.33 6.43 5.08 5.36 6.52 6.96 7.61 7.60 7.34 7.50 8.07 8.45 Wholesale & Retail Trade 9.59 9.21 8.86 9.50 9.7810.2010.2611.3511.1011.2011.2011.3012.1412.95 Hotels & Restaurants 1.24 1.39 1.36 1.29 1.36 1.40 1.50 1.59 2.06 2.33 2.32 2.70 2.82 2.84 Transport Road Transport Sea Transport Air Transport Communications 3.46
Banks & Insurance 10.97 10.80 10.46 10.81 10.42 10.25 10.36 11.16 11.26 12.94 12.32 11.89 12.28 12.51 Real Estate & Housing 4.40 4.39 4.21 4.18 3.96 3.78 3.62 3.77 3.65 3.64 3.58 3.53 3.52 3.52 Government Services 22.2522.1221.4221.5920.4019.5818.7819.2218.66 18.5518.0518.11 17.84 17.30 Other Services 1.17 1.16 1.12 1.12 1.08 1.04 1.01 1.08 1.05 1.05 1.05 1.09 1.17 1.21 Less Imputed Service Charge 5.55 5.47 5.40 5.58 5.38 5.29 6.04 6.98 7.60 9.54 9.38 9.15 9.02 8.95 TOTAL 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 21 TABLE 7 Agriculture Crops Livestock Forestry Fishing COMMONWEALTH OF DOMINICA GROWTH RATE OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACfNITY, AT FACTOR COST IN CURRENT PRICES 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 2.68 5.46 0.46 4.39 16.77 17.07 8.19 6.74 0.69 9.84 22.84 10.20 7.54 -10.89 14.27 4.78 0.73 0.40 9.52 -6.00 12.60 30.18 11.00 8.08 -13.31 17.35 4.37 0.16 -0.52 10.00 -7.59 12.36 0.00 5.00 -22.86 -32.10 8.05 7.02 8.55 8.18 5.13 3.36 2.96 6.09 6.06 2.50 8.13 4.51 2.52 12.63 0.64 1.87 5.83 1.83 5.03 12.14 37.89 15.08 3.77 3.63 5.01 -1.59 -6.62 10.03 0.79 11.08 11.10 2.07 3.00 0.63 Mining & Quarrying 7.69 -5.00 12.78 -2.67 -5.48 27.54 46.02 13.23 5.84 -1.62 9.24 3.93 18.60 8.58 Manufacturing 30.89 5.45
 -12.46 16.26 17.47 8.12 15.01 16.87 7.75 16.19 15.76 5.57 -6.02 1.42 Electricity & Water 2.46 4.60 13.19 5.41 7.05 10.63 21.38 11.93 11.35 2.77 49.61 9.77 6.09 4.85 Construction -5.98 -8.11 36.49 -12.64 -21.20 22.00 45.98 18.62 12.78 10.40 4.56 5.66 18.86 8.62 Wholesale & Retail Trade 2.99 2.39 3.97 43.60 22.39 17.21 9.82 16.20 6.43 8.01 B.46 4.21 11.67 10.00 Hotels & Restaurants 19.08 19.23 18.82 18.55 16.41 24.92 25.20 4.82 52.60 15.60 13.95 24.98 6.53 12.56 Transport Road Transport Sea Transport Ai r
 Transport Communications 22.84 48.66 17.37 24.24 48.69 7.13 13.04 17.45 17.85 12.34 14.05 1.10 18.86 11.11 12.36 18.80 10.16 13.99 - -7.20 -2.41 4.86 6.58 2.07 7.12 46.18 57.52 22.82 5.86 15.43 41.57 26.37 20.40 1.24 19.97 11.54 -0.47 2.92 12.03 Banks & Insurance 4.99 21.18 42.37 9.76 8.18 11.25 29.47 21.18 20.34 13.35 3.01 4.75 8.03 5.02 Real Estate & Housing 6.96 6.04 3.07 3.19 4.84 7.96 5.00 9.71 6.71 9.10 ".28 1.69 3.66 3.01 Government Services 4.63 9.66 15.80 6.52 8.46 6.02 3.28 12.53 3.03 16.85 -0.71 5.58 14.45 -4.00 Other Services 14.14 5.96 3.90 3.75 6.83 9.40 5.84 17.86 7.44 7.95 4.30 7.95 43.04 5.01 Less Imputed Service Charge 0.42 2.07 35.91 -1.60 4.96 16.31 27.72 37.17 33.16 22.52 1.02 0.86 2.25 2.51 TOTAL 6.99 10.28 12.34 10.16 13.43 11.99 12.55 5.75 9.56 10.14 7.00 4.70 9.33 2.27 22 TABLE 8 COMMONWEALTH OF DOMINICA GROWTH RATE OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CONSTANT PRICES 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 Agriculture Crops Livestock Forestry Fishing 1.24 0.18 6.37 -4.06 16.14 3.83 6.32 -14.62 6.79 -0.57 1.88 0.38 -3.72 -8.05 1.73 8.52 2.44 0.05 0.90 0.00 6.25 2.00 1.98 -7.24 19.52 19.17 5.12 2.72 -3.03 -8.82 1.21 12.97 10.12 1.78 4.12 2.78 1.17 2.56 7.00 -17.40 10.80 -1.08 1.68 -0.51 -5.69 -10.27
 2.03 1.93 4.07 1.00 1.89 2.96 3.35 -2.27 -25.32 3.19 2.52 0.69 2.47 8.07 0.60 0.97 1.80 1.61 0.86 11.75 11.43 2.06 1.90 0.55 Mining & Quarrying 7.89 -1.22 26.54 2.93 -5.21 16.00 22.84 5.61 2.33 -15.58 12.31 4.11 7.24 6.44 Manufacturing 15.26 1.95 -6.39 13.08 4.27 5.93 10.15 6.03 3.00 4.01 7.68 1.49 -9.62 0.11 Electricity & Water 0.98 6.65 7.60 6.78 5.69 7.13 7.71 7.48 12.82 6.62 10.32 -3.19 6.83 4.85 Construction -13.17 -5.59 40.91 -10.87 -15.56 12.71 30.58 5.49 16.41 1.92 -0.70 4.00 9.99 6.50 Wholesale &
 Retail Trade -0.24 -1.91 1.34 9.04 10.01 11.33 8.02 9.42 4.03 2.99 2.79 2.71 9.76 8.57 Hotels & Restaurants 9.76 14.42 2.68 -3.39 12.70 9.59 15.54 4.55 38.22 15.60 2.27 18.29 6.56 2.55 Transport Road Transport Sea Transport Air Transport Communications 10.17 19.07 16.19 25.68 6.08 1.96 0.00 8.73 14.75 10.29 9.33 8.54 8.01 15.42 -3.86 -3.93 10.86 9.91 5.92 2.13 14.41 13.38 9.45 7.95 6.87 0.57 13.42 -3.43 -2.64 4.07 3.01 5.09 3.02 4.47 2.50 3.55 4.98 4.29 31.55 -15.23 9.59 11.77 2.63 5.85 11.60 34.16 11.07 14.29 3.20 3.38 -7.90 -2.07 5.09 6.59 2.05 7.25 11.48 8.61 5.61 10.71 11.33 38.11 10.01 13.50 1.94 19.95 11.38 -0.47 2.92 12.01 Banks & Insurance 0.52 0.52 2.07 5.04 3.03 4.97 8.58 6.53 7.29 17.36 -2.19 -1.65 5.44 3.65 Rea) Estate & Housing 0.52 1.91 1.02 1.01 1.17 1.98 2.91 2.98 2.97 1.92 1.02 0.29 2.01 1.69 Government Services 3.02 1.51 2.01 2.48 1.00 2.51 2.98 1.21 3.22 1.54 0.00 2.18 0.63 -1.33 Other Services 6.25 1.63 1.61 1.58 3.43 3.01 3.80 5.92 3.72 2.05 2.01 6.16 9.98 5.06 Less Imputed Service Charg< 0.34 0.62 4.10 5.05 3.06 4.91 22.63 14.27 15.82 28.18 1.03 -0.60 0.64 0.99 TOTAL 2.40 2.09 5.36 1.69 6.84 6.80 7.38 -1.12 6.34 2.15 2.74 1.86 2.15 1.76 23 1'fA' TABLE 9 COMMONWEALTH OF DOMINICA PERCENTAGE CHANGES OF EXPENDITURE ON GDP IN CURRENT PRICES 1982 1983 1984 1985 1986 [987 1988 1989 1990 1991 1992 1993 1994 1995 24 TABLE 10 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT DEFLATORS BY ECONOMIC ACTIVITY, AT FACTOR COST 1982 1983 1984 1985 1986 1987
 1988 1989 1990 1991 1992 1993 1994 1995 Agriculture Crops Livestock Forestry Fishing 109.28
100.00 104.22 105.14 105.38 106.52 100.00 109.28 109.20 108.54 108.21 108.30 Mining & Quarrying 85.37 82.10 73.17 69.19 69.00 75.86 90.18 96.68 100.00 116.54 113.36 113.16 125.15 127.67 Manufacturing 72.65 75.15 70.27 72.25 81.39 83.07 86.74 95.60 100.00 111.71 120.10 124.93 129.91 131.60 Electricity & Water Bl.04 79.48 83.62 82.54 83.60 86.33 97.29 101.31 100.00 96.39 130.72 148.23 147.21 147.19 Construction B7.98 85.64 82.95 81.30 75.87 82.12 91.80 103.22 100.00 108.33 114.07 115.89 125.25 127.74 Wholesale & Retail Trade 54.81 57.21 58:10 77.30 86.00 90.54 92.05 97.75 100.00 104.B7 110.65 112.27 114.22 115.73 Hotels & Restaurants 47.85 49.87 57.70 70.81 73.14 83.37 90.34 90.58 100.00 100.00 111.42 117.71 117.68 129.16 Transport Road Transport Sea Transport Air Transport Communications Banks & Insurance 33.62 40.53 56.53 59.07 62.03 65.73 78.38 89.16 100.00 96.58 101.72 108.34 110.99 112.45 Real Estate & Housing 74.61 77.64 79.21 80.92 83.86 88.77 90.58 96.49 100.00 107.04 117.92 119.57 121.50 123.08 Government Services 63.45 68.55 77.82 80.89 86.86 89.84 90.10
 100.18 100.00 115.08 114.27 118.07 134.30 130.67 Other Services 71.24 74.28 75.95 77.57 80.12 85.09 86.76 96.54 100.00 105.78 108.15 109.98 143.04 142.97 Less Imputed Service Charge 49.66 50.38 65.77 61.61 62.75 69.57 72.46 86.98 100.00 95.59 95.58 96.99 98.54 100.03 TOTAL 62.34 67.34 71.80 77.78 82.58 86.59 90.76 97.06 100.00 107.83 112.30 115.43 123.55 124.17 ~~ 25 TABLE 11 COMMONWEALTH OF DOMINICA INDEX OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CURRENT PRICES 1982 1983 1984 1985 1986
 1987 1988 1989 1990 1991 1992 1993 1994 1995 Agriculture Crops Livestock Forestry Fishing Mining & Quarrying 45.45 43.18 48.70 47.40 44.81 57.14 83.44 94.48 100.00 98.38 107.47 111.69 132.47 143.83 Manufacturing 50.66 53.42 46.77 54.37 63.87 69.05 79.42 92.81 100.00 116.19 134.51 142.00 133.45 135.34 Electricity & Water 44.72 46.78 52.95 55.81 59.75 66.10 80.23 89.80 100.00 102.77 153.76 168.78 179.07 187.75 Construction 48.62 44.6;' 60.97 53.27 41.97 51.21 74.75 88.67 100.00 110.40 115.44 121.98 144.99 157.49 Wholesale & Retail Trade 33.58 34.38 35.74 51.33 62.82 73.63 80.86 93.96 100.00 108.01 117.15 122.08 136.33 149.96 Hotels & Restaurants 20.45 24.38 28.96 34.34 39.97 49.93 62.52 65.53 100.00 115.60 131.72 164.61 175.36 197.38 Transpcrt Road Transport Sea Transport Air Transport Communications 67.42
Banks & Insurance 23.24 28.16 40.10 44.01 47.61 52.97 68.57 83.10 100.00 113.35 116.76 122.30 132.12 138.75 Real Estate & Housing 63.73 67.58 69.65 71.87 75.35 81.35 85.42 93.71 100.00 109.10 121.41 123.46 127.98 131.83 Government Services 53.69 58.88 68.18 72.63 78.77 83.51 86.25
 97.06 100.00 116.85 116.03 122.50 140.21 134.60 Other Services 55.90 59.23 61.54 63.85 68.21 74.62 78.97 93.08 100.00 107.95 112.59 121.54 173.85 182.56 Less Imputed Service Charge 25.72 26.25 35.68 35.11 36.86 42.87 54.75 75.10 100.00 122.52 123.76 124.83 127.64 130.84 TOTAL 44.24 48.78 54.80 60.37 68.48 76.69 86.31 91.27 100.00 110.14 117.85 123.39 134.90 137.97 26 TABLE 12 COMMONWEALTH OF DOMINICA INDEX OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN COSTANT PRICES 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 Agriculture Crops Livestock Forestry Fishing Mining & Quarrying 53.25 52.60 66.56 68.51 64.94 75.32 92.53 97.73 100.00 84.42 94.81 98.70 105.84 112.66 Manufacturing 69.73 71.09 66.55 75.26 78.47 83.13 91.56 97.09 100.00 104.01 111.99 113.66 102.72 102.84 Electricity & Water 55.19 58.86 63.33 67.62 71.47 76.57 82.47 88.64 100.00 106.62 117.62 113.86 121.65 127.55 Construction 55.26 52.17 73.51 65.52 55.33 62.36 81.43 85.90 100.00 101.92 101.21 105.26 115.77 123.30 Wholesale
 & Retail Trade 61.26 60.09 60.90 66.40 73.05 81.32 87.85 96.13 100.00 102.99 105.87 108.74 119.36 129.58 Hotels & Restaurants 42.73 48.89 50.20 48.49 54.65 59.90 69.20 72.35 100.00 115.60 118.22 139.84 149.02 152.82 " Transpat Road Transport Sea Transport Air Transport Communications 76.02
Banks & Insurance 69.12 69.48 70.92 74.50 76.76 80.58 87.49 93.21 100.00 117.36 114.79 112.89 119.04 123.39 Real Estate & Housing 85.42 87.05 87.93 88.82 89.86 91.64 94.30 97.11 100.00 101.92 102.96 103.26 105.33 107.11 Government Services 84.61 85.89 87.61 89.78 90.68 92.96 95.73 96.88 100.00 101.54 101.54 103.75 104.41 103.01 Other Services 78.46 79.74 81.03 82.31 85.13 87.69 91.03 96.41 100.00 102.05 104.10 110.51 121.54 127.69 Less Imputed Service Charge 51.80 52.1254.25 56.99 58.7361.6275.56 86.34 100.00 128.18 129.49 128.71 129.53 130.81 TOTAL 70.96 72.44 76.33 77.61 82.93 88.57 95.10 94.04 100.00 102.15 104.95 106.90 109.19 111.11 27 i.
TABLE 13 COMMONWEALTHOF DOMINICA GROSS DOMESTIC PRODUCT & ALLIED AGGREGATES IN CURRENT PRICES (EC$ MILLION) 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 GROSS DOMESTIC PRODUCT AT FACTOR COST '" CD NET INDIRECT TAXES Indirect Taxes Subsidies GROSS DOMESTIC PRODUCT AT MARKET PRICES NET FACTOR INCOME PAYMENTS FROM ABROAD GROSS NATIONAl PRODUCT AT MARKET PRICES 194.54215.80242.59266.18302.60341.14388.17 414.11449.07487.34519.20537.17 584.28 597.66 0.54 1.08 -2.70 -3.40 -6.51 -6.33 -4.22 -10.77 -13.34 -20.69 -19.87 -17.85 -29.65 -30.96 195.08 216.88 239.89 262.78 296.09 334.81 383.95 403.34 435.73 466.65 499.33 519.32 554.63 566.70 TABLE 14 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT & ALLIED AGGREGATES, IN CONSTANT (1990) PRICES (EC$ MIlLION) 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 GROSS DOMESTIC PRODUCT AT FACTOR COST 262.44 267.93 282.29 287.05 306.69 327.55 351.72 347.78 369.84 377.78 388.14 395.35 403.84 410.94 t-.J ~ NET INDIRECT TAXES al Indirect Taxes Subsidies 49.63 52.54 55.58 55.16 59.74 66.42 75.97 78.87 79.23 74.28 73.50 70.02 69.08 70.38 53.16 55.21 58.64 57.29 61.98 68.46 78.01 80.87 80.66 75.81 75.05 72.45 70.89
 72.40 3.53 2.67 3.06 2.13 2.24 2.04 2.04 2.00 1.43 1.53 1.55 2.43 1.81 2.02 GROSS DOMESTIC PRODUCT AT MARKET PRICES NET FACTOR INCOME PAYMENTS FROM ABROAD bl GROSS NATIONAL PRODUCT AT MARKET PRICES 312.07 320.47 337.87 342.21 366.43 393.97 427.69 426.65 449.07 452.06 461.64 465.37 472.92 481.32 0.72 1.38 -3.38 -4.17 -7.75 -7.19 -4.69 -11.11 -13.34 -19.62 -17.86 -17.57 -29.18 -30.56 312.79 321.85 334.49 338.04 358.68 386.78 423.00 415.54 435.73 432.44 443.78 447.80 443.74 450.76 al -Current values are
 deflated by the Implicit Deflator of GOP at Factor Cost bl - Deflated by the Consumer Price Index SOURCE: Central Stsatistical Office '" TABLE 15 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT REVENUE (Thousand of East Caribbean Dollars) 82/83 83/84 84/85 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 94/95 Direct Taxes 16,615 18,839 22,448 25,781 23,691 28,702 27,539 32,328 36,812 43,567 39,830 39,243 41,126 Personal Income Tax Company Income Tax Other Direct Taxes Indirect Taxes 33.011 41,350 42.841 46.284 56,072 62,489 79,117 79,014 82,315 80.616 86.635 88,544 91,261 Import Duties Export Duties Consumption Tax Other Indirect Taxes 8,96812,15512,61511,19913,73714,00914,977 13.945 15.116 15,668 16,161 Property Income 821 1,009 886 1,353 772 1,152 889 1,315 1,132 2,911 2,833 5,235 4.660 Rent of Land Dividends Interest Current
1,115 1,500 1,000 1,819 1.468 3,393 2,660 Current Transfers From Households > • Social Security Contributions Profit Currency Authority Profits Government Corporations SurplUS of Departmental Enterprises 559 736 1,124 1,197 1,801 3,078 3,837 3,728 3,836 5,224 5,800 5,388 5,579 o o 458 692 705 875 649 741 1.100 2,410 2,893 3,000 3,500 2,680 3,443 1,959 1.006 1,076 1.958 1,871 1,035 2.201 2,368 2,253 2,184 2,300 0 350 o 250 0 0 0 0 0 0 0 0 0 690 276 447 (636) (696) (611) (249) (809) (920) (1,255) (744) (720) (699) Total Recurrent Revenue 54,376 66,003 70,163
 75,927 83,421 97,643 113,653 117,352 126,476 135,841 139.500 142,874 147,727 Figures for 1994/95 are revised estimates 30 TABLE 16 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT EXPENDITURE (Thousand of East Caribbean Dollars) 82/83 83/84 84/85 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 94/95 Personal Emoluments 34,927 38,389 41,302 46,117 47,799 51,451 56,370 58,977 71,703 68,520 76,960 83,583 81,014 Pensions & Gratuities 4,362 4,283 5,008 4,949 5,515 5,814 6,293 6,687 7,703 7,570 8,744 9.235 9,500 Miscellaneous Goods & Services 10,962 14,698 14,698 12,546 15,826 17,251 20,181 23,553 24,461 27,280 30,217 36,141 40,536 Less Fees & Sales 1,028 1.350 1,682 6,013 6,829 7,073 5,489 2,366 2,142 5,422 4,779 5,264 5,298 Government Final Consumption Expenditur 49,223 56,020 59.326 57,599 62,311 67,443 77,355 86,851 101,725 97,948 111,142 123,695 125,752 Current Transfer To: 5,707 6,492 6,850 7,776 7,385 10,487 7,937 8,346 10,092 13,170 10,701 13,538 7,191 Households Local Authorities Non Profit Making Bodie Abroad Caricom Abroad Non-Caricom Interest Grants and Contributions Subsidy 4,663 6,284 7.290
and Contributions Subsidy Total Expenditure 60,649 69,799 74,674 74,227 77,420 85,794 97.183 104,596 121,631 124,066 137,085 153,363 150,539 Surplus on Current Account (6.273) (3,796) (4,511) 1,700 6,001 11,849 16.470 12,756 4,845 11,775 2.415 (10.489) (2,812) jl,¥ "if" ", Figures for 1994/95 are revised estimates 31 .
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TABLE 17 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF DEPARTMENTAL ENTERPRISE (Thousand of East Caribbean Dollars) RECEIPTS 82/83 83/84 84/85 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 94/95 Sale of Goods & Services 2,080 1,585 1,736 948 1,109 1,268 1,515 1,340 1,547 1,550 2,051 2,043 2,050 Miscellaneous Other Receipts 296 439 539 87 57 148 488 214 296 338 331 408 684 Total Receipts 2,376 2,024 2,275 1,035 1,166 1,416 2,003 1,554 1,843 1,888 2,382 2,451 2,734 EXPENDITURE Personal Emoluments 946 1,287 1.331 1,319 1,438 1,559 1,619 1,756 2,088 2,309 2,357 1,837 1,918 Rent Paid 155 152 156 151 158 156 222 177 197 218 15 16 30 Other Operational Expenses 585 309 341 201 266 312 411 430 478 616 754 1,318 1,485 Surplus on Current Account 690 276 447 1636) 1696) 1611) 1249) 1809) (920) 11,255) 1744) 1720) 1699) Total Expenditure 1,686 1,748 1,828 1,671 1.862 2.027 2.252 2,363 2,763 3,143 3,126 3,171 3,433 Note: The Departmental Enterprises are: Airport Post Office Figures for 1994/95 are revised estimates 32 TABLE 18 COMMONWEALTH OF DOMINICA CAPITAL ACCOUNT OF CENTRAL GOVERNMENT (Thousand of East Caribbean Dollars) 82/83 83/84 84/85 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 94/95 SOURCES OF FUNDS 1.
Surplus on Current Account 2.

Sale of land 3.

Loan Receipts (6,273) (3,796) (4,511) 1,700 6,001 11,849 16,470 12,756 4,845 11,775 2,415 (10,489) (2,812) 513 392 415 571 2,283 3,523 6,482 368 2,945 4,000 3,100 3,100 8,000 14,709 10,338 10.347 6,897 5,416 15,302 9.913 37,767 25,688 24,731 18,885 29,953 43,610 4.

Loan Repayments 0 448 796 689 917 942 667 96 344 2,100 3,689 4,139 5,300 5.

Development Aid Funds 7,217 26,074 30,412 39,679 4,752 19,763 6,786 19,799 12,241 28,424 28,207 43,228 43,228 6.
BDA Grants 7.

Other Grants 8.

Borrowing 9.

Finance of Capital Expendit ure USES OF FUNDS 0 2,487 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,837 5,875 5,735 (4,968) (3,648) (3,286) 22,117 (5,440) 22,529 (25,283) (23,810) (32,428) (2,458) 22,490 39,331 43,194 44,568 15,721 48,093 62,435 65,346 68,592 45,747 32,486 37,503 94,868 1.

Purchase of Land 0 0 0 0 0 0 0 0 0 0 0 0 0 2.

Land Development 4,795 3,678 2,705 2,919 2,202 6,088 7,709 3,310 4,074 6,543 2,922 7,909 7,531 3.
Construction Residential Buildings NonResidential Buildings Other 13,910 890 31,238 64 37,310 38, 12~ Transport Equipment 28 315 32 158 55 23 347 1,872 118 124 191 0 40 5.
Other Equipment 385 414 557 706 648 2,331 1,465 2,484 783 1,458 821 493 940 6.

Purchase of Financial Assets 48 834 7.

Purchase of Buildings 0 0 7 0 182 276 34 7,260 1,088 1.500 1,000 1,000 1,000 1,000 0 0 0 60 0 0 0 0 0 0 8.

Sinking Fund and Repayment of Loans 9.
Total Capital Expenditure 3,324 2,852 2,583 2,481 3,616 7,222 4,583 4,763 5,055 6,163 8,662 6,664 9,908 22,490 39.331 43,194 44,568 15,721 48,093 62,435 65.346 68,592 45,747 32.486 37,503 94,868 33 TABLE 19 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT REVENUE AS A PERCENTAGE OF GROSS DOMESTIC PRODUcr TABLE 20 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT EXPENDITURE AS APERCENTAGE OF GROSS DOMESTIC PRODUCT 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Personal Emoluments 21.35 21.28 20.38 20.65 18.87 18.14 17.66 1.98 19.39 16.82 17.66 18.32 16.24 Pension & Gratuities 2.67 2.37 2.47 2.22 2.18 2.05 17.66 17.47 2.08 1.86 2.01 2.02 1.90 Miscellaneous Goods & Services 6.70 8.15 7.25 5.62 6.25 6.08 6.32 6.98 6.61 6.70 6.93 7.92 8.12 Less Fees & Sales 0.63 0.75 0.83 2.69 2.70 2.49 1.72 0.70 0.58 1.33 1.10 1.15 1.06 Government Final Consumption Expenditure 30.09 31.05 29.27 25.80 24.60 23.78 24.23 25.73 27.51 24.04 25.50 27.11 25.20 Current Transfer To: 3.49 3.60 3.38 3.48 2.92 3.70 2.49 2.47 2.73 3.23 2.46 2.97 1.44 Household Local Authorities 0.86 1.02 0.70 0.94 0.76 0.87 0.35 0.28 0.27 0.91 0.09 0.08 0.08 0.27 0.32 0.30 0.28 0.29 0.29 0.28 0.27 0.28 0.26 0.27 0.26 0.24 Non Profit Making Bodies 0.89 1.09 0.93 0.92 0.83 0.76 0.69 0.70 0.75 0.74 0.79 0.83 0.95 Abroad - Caricom Abroad - Non - Caricom 0.76 0.73 1.30 0.90 0.44 1.15 0.69 0.78 0.77 0.82 0.89 1.14 0.08 0.71 0.44 0.15 0.45 0.59 0.62 0.46 0.45 0.66 0.50 0.42 0.06 0.10 Interest 2.85 3.48 3.60 3.43 2.70 2.32
 2.33 2.02 2.18 2.46 2.78 2.75 2.67 Grants & Contributions 0.38 0.18 0.22 0.20 0.04 0.16 0.05 0.10 0.07 0.27 0.24 0.26 0.33 Subsidy 0.27 0.38 0.38 0.34 0.30 0.29 0.32 0.40 0.40 0.45 0.48 0.53 0.52 '1" Total Expenditure 37.07 38.69 36.84 33.24 30.57 30.25 30.44 30.99 32.89 30.46 31.45 33.61 30.17 Figures for 1994/95 are revised estimates 35 TABLE 21 THE BALANCE OF PAYMENTS OF DOMINCA SUMMARRY 1986-1995 1987 1988 1989 1990 1986 CREDI1.
DEBIT CREDI" DEBIT CREDI1 DEBIT CREDI1 DEBIT CREDI1 DEBIT CURRENT ACCOUNT 180.41 199.38 212.15 231.08 247.80 290.82 229.81 352.69 280.46 398.11 GOODS AND SERVICES 159.87 179.19 178.99 209.25 210.41 267.00 192.38 324.70 241.51 361.66 A Goods Merchandise Stores and Bunk.ers B.
Service Transportation Travel Insurance Service Financial Service Other Business Services Government Services C. Income Compensation of Employees Investment Income D. Current Transfers General Government Other Sectors 120.37 132.74 133.09 158.93 154.00 208.56 125.02 254.94 151.39 280.66 120.35 .
132.74 133.07 158.93 153.98 208.56 125.00 254.94 151.36 280.66 0.02 0.00 0.02 0.00 0.02 0.00 0.02 0.00 0.03 0.00 39.50 4.40 27.50 1.50 na 4.50 1.60 5.34 1.80 3.54 15.20 3.80 11.40 46.45 22.18 6.30 3.37 na 10.40 4.20 11.85 0.90 10.95 8.34 3.40 4.94 45.90 50.32 5.10 26.26 28.90 2.60 na 7.60 1.70 6.50 3.96 n 11.30 2.30 56.41 6.30 35.32 2.75 na 10.24 1.80 58.44 32.70 6.00 6.27 n 12.07 1.40 67.36 69.76 7.74 39.88 42.39 5.60 na 9.78 1.85 9.64 8.52 n 9.92 1.80 90.12 9.65 55.16 10.06 na 14.13 1.12 81.00 41.11 11.90 9.61 III CAPITAL AND FINANCIAL ACCOUNT 73.00 28.39 91.93 48.28 88.32 40.98 142.03 18.88 136.50 20.87 A.
Capital Account Capital Transfers Acquisition & Disposition of Nonprod 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 o VERALL BALANCE F INANCING Change in SDR Holdings Change in Reserve Position with the IMF Change in Government Foreign Assets Change in Imputed Reserves Provisional data 1995 Source: ECCB 47.60 47.60 0.00 25.40 14.00 0.00 11.40 9.90 0.00 0.00 1.50 0.00 0.00 0.00 .0.00 - TABLE 21 THE BALANCE OF PAYMENTS OF DOMINCA SUMMARRY 1986-1995 1991 1992 1993 1994 1995 CREDI1 DEBn CREDI1 DEBI1 CREDI1 DEBI1 CREDl'l DEBIT CREDr DEBfI 295.95 371.97 304.19 373.86 288.46 379.22 322.18 306.32 411.05 451.09 CURRENT ACCOUNT 251.18 341.06 268.07 338.11 254.39 336.04 258.01 355.61 267.91
 391.86 GOODS AND SERVICES 150.17 260.48 148.78 250.54 127.68 253.46 118.74 258.74 123.22 2n.16 A Goods 150.00 260.48 147.32 250.54 127.30 253.26 116.91 258.54 120.57 2n.16 0.17 0.00 1.44 0.00 0.38 0.20 1.83 0.20 2.65 0.00 Merchandise Stores and Bunkers Transporta tion Travel Insurance Service Financial Service Other Business Services Government Services 139.27 96.87 144.69 114.70 B.
Service C. Income Compensation of Employees Investment Income D. Current Transfers General Government Other Sectors 120.42 18.43 110.50 18.46 95.80 20.82 115.64 25.91 202.63 63.75 CAPITAL AND FINANCIAL ACCOUNT A.
Capital Account Capital Transfers Acquisition & Disposition of Nonprodu 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 -8.74 10.03 OVERALL BALANCE 20.53 FINANCING 0.00 Change in SDR Holdings Change in Reserve Position with the IMF Change in Government Foreign Assets Change in Imputed Reserves 1.19 1.32 18.02 .,j Provisional Data 1995 Source: ECCB 12.00 0.00 0.00 0.00 12.00 3.26 0.00 2.16 1.10 0.00 10.50 0.00 0.00 0.00 0.00 37 '" It .'
" " 'f f f f ~ TABlE 22 CURRENT PRICES GDPat Factor Cost GDPat Market Prices GNP at Malket Prices Per Capita GDP at Factor Cost Per Capita GDP at Market Prices Per Capita GNP at Market Prices IN 00 CONSTANT PRICES GDP at Factor Cost GDP at Market Prices GNP at Market Prices Per Capita GDP at Factor Cost Per Capita GDP at Market Prices Per Capita GNP at Market Prices Mid Year Population/b Value ofExports(FOB) Value ofImports(CIF) Constrl£tion Imports Consumer Pri:e Index(FEB. 1994= 1(0) Implicit DefJatorofGDP(1990= 100) Government Recurrent Revenue/a Government Recurrent Expenditure Total Visitor Arrivals Total Passenger Arrivals Electricity Generated Banana Production Commercial Bank Loans (Outstanding) a These figures relate to the fiscal years b Estimated Mid-year Population COMMONWEALTH OF DOMINICA SEIECIEDECONOMIC INDICATORS 8,038
.24 12959 146.40 121.77 148.59 138.92 140.02 126.57 119.14 116.98 128.73 134.10 128.19 121.70 156.10 149.37 150.68 17921 236.34 289.08 318.39 28429 29.80 n.a.
23.50 n.a.

20.90 n.a.

59.68 59.66 62.34 45.54 53.69 54.38 20.30 n.a.

67,34 66.00 26.40 n.a.
n.a.
25323 26024 314,95 51.86 57.15 67.88 'I i' 'l' r $; ~ f t ~ 'i t 550 ~ CHART 1: GDP AT FACTOR COST IN CURRENT & CONSTANT PRICES W ID 500 450 400 350 300 EC$ Million 250 200 150 100 50 o • GDP - Current -Prices II GDP Constant Prices 82 83 84 85 86 87 88 89 Year 90 91 92 93 94 95 ­ 1!\!
; ii' 111 " If !If t ~ CHART 2: PERCENTAGE CONTRIBUTION OF GDP BY ECONOMIC ACTIUITY IN CONSTANT PRICES ~ o Agriculture Mining & Quarrying ManuFacturing Electricity & Water CO)lstruction Wholesale & Retail Trade Hotels & Restaurants Transport COMMunications Bank & Insurance Real Estate & Housing GovernMent Services Other Services IMPuted Service Charge CHART 3: CONSTANT & CURRENT RATE OF GROWTH 28 Rate of' Growth :X.18 ~ I-' Constant Rate of' Growth -+- Current Rate of' Growth 8 .

.
.

82 83 84 85 86 87 88 89 98 9.1 92 93 94 95 Year CHART 4: SURPLUS ON CURRENT ACCOUNT CENTRAL GOUERNMENT OF I I 7' I I I I I I I I , I I N ~ Surplus EC$ Thousand.

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BB B9 Fiscal Year 90 9~ 92 93 94 95 ~ ~.

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