Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697796971778.pdf (Dominica)
[!J ~~[!J .. ~ ~ ~ I ~' ~ ~ ~ I I ~ COMMONWEALTH OF DOMINICA NATIONAlACCOUNTSSTATlmcs OF THE COMMONWEAlTH OF DOMINICA 1996 - 2005 ~ ~ ~ ~ ~' ~ ~ ,I ~ ~ ~ ~ ~ ~ ~ CENTRAL STATISTICAL OFFICE ~ Ministry of Finance and Planning ~ Rosean, Commonwealth of Dominica ~ ~ ~ I ~ ~ ~ ~ I I ~ ~ ~ ~ ~ ~ '~ ~ i ~ ~ ~ ~ ~ ~ ~ ~ ~ @] 'I!I TABLE OF CONTENTS PREFACE Definition of the components of the Accounts and Related Aggregates Notes on Methodology Analysis of the Performance of the Economy 2005 TABLES 1.
Gross Domestic Product by Economic Activity in Current Prices 1996 - 2005 2.

Gross Domestic Product by Economic Activity in Constant Prices 1996 - 2005 3.

4.

Percentage Contribution of Gross Value Added by Economic Activity at Basic Prices in Current Prices 1996 - 2005 Percentage Contribution of Gross Value Added by Economic Activity at Basic Prices in Constant Prices 1996 - 2005 5.

Rate of Growth of Gross Value Added by Economic Activity at Basic Prices in Current Prices 1996 - 2005 6.
Rate of Growth of Gross Value Added by Economic Activity at Basic Prices in Constant Prices 1996 - 2005 7.

Gross Value Added Deflators by Economic ActiVity at Basic Prices 1996 - 2005 8.

Index of Gross Value Added by Economic Activity at Basic Prices in Current Prices 1996 - 2005 9.

Index of Gross Value Added by Economic Activity at Basic Prices in Constant Prices 1996 - 2005 10.

Expenditure on Gross Domestic Product in Current Prices 1996 - 2005 11.
Rate of Growth of Gross Domestic Product by Expenditure in Current Prices 1996 - 2005 12.

National Accounts Aggregates in Current Prices 1996 - 2005 13.

Balance of Payments of Dominica 1999 - 2005 14.

Selected Economic Indicators 1998 - 2005 CHARTS 1.

GDP in Current and Constant Prices 1996 - 2005 2.

Sectoral Contribution of Gross Value Added in Constant Prices 2005 3.

Rate of Growth of GVA in Current and Constant Prices 1996 - 2005 4.

Current Account Balance 1999 - 2005 5.


Capital and Financial Account Balance 1999 - 2005 6.

Balance of Payments overall Balance 1999- 2005 Page 1 7 26 27 28 29 30 31 32 PREFACE This is the twelfth publication on National Accounts issued by the Central Statistical Office.
This issue provides estimates of Cross Domestic Product in current and constant prices at basic prices and also of expenditure on CDP at current prices, other accounting flows such as Cross National Income, and Cross National Savings.
Additionally, it includes the Balance of Payments components and some 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 ather 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) Balance of Payment Manual, fifth edition.

The material presented in this issue consists of revised National Accounts estimates for the period 1996 to 2005.
Substantial revisions were made to the series to incorporate the new base year of 1990.

Previously, 1977 '.vas used as the base year.

In the process af revising the series, some changes we:e made to a f£'.V of the deflators as a means of improving on the quality of the estimates.

Also, revised Balance of Payments estimates are presented from 1998 to 2005.

Heavy reliance is being placed on an annual survey of establish ments, which provides most of the source data for the compilation of these statistics.
The Central Statistical Office expresses sincere thanks to the many respondents who continually provide us with the relevant data.

In addition, the office would like to also express its gratitude to the relevant staff of the Eastern Caribbean Central Bank, who dedicatedly assisted us in the compilation of the National Accounts and Balance of Payments statistics.
Chief Statistician Central Statistical Office DEFINITION OF COMPONENTS OF THE ACCOUNTS AND RELATED AGGREGATES National Accounts compilation is a statistical procedure, which aims at providing a numerical summary of the many transactions taking place in an economy during a given period of time.

These transactions relate, in particular, to the production and use of goods and services, to the generation and use of income and to the transfers of income or capital between sectors of the economy.
The following notes, concepts and definitions are presented here in order to facilitate an understanding of the statistical tables presented in this publication.

• THE GROSS OUTPUT OF INDUSTRlES: This is equal to the gross value of goods and services produced within an establishment 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 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 own account are also covered in the gross output of industries.

INTERMEDIATE CONSUMPTiON: This consists of non-durable goods and services purchased by producers and used up as inputs in the process of production.

It does not include goods and services produced within that same establishment and fed back as inputs into production within the same establishment.
Non-durable goods are defined as goods having an expected lifetime of use of less than a year.

Intermediate consumption goods are valued in purchase's price.

In practice, intermediate consumption is estimated as the sum of purchased of inputs less changes in inventories of inputs.

GROSS VALUE ADDED (GVA) Gross value added is a measure of each producer's contribution to GDP.
It is a measure of the increase or newly created value generated by the production process in question, gross of any capital used up in the production process.

FiNANCIAL INTERMEDiATION SERVICES INDiRECTLY MEASURED (FISIM) In computing the gross domestic product for the total economy, an adjustment is made for FISIM, which is called financial intermediation services indirectly measured.
FlSIM is measured as the total property income receivable by financial intermediaries minus their total interest payable, excluding the value of any property income receivable from the investment of their own funds; as such income does not arise from financial intermediation.

FISIM must be recorded as being disposed of in one or more of the following ways - as intermediate consumption by enterprises, as final consumption by households or exports to non-residents.
In practice, because of the difficulty in allocating this output among various recipients or users of the services, for which no explicit charges are made, we have continued to use the convention proposed in the 1968 version of the SNA whereby the whole of the output is recorded as intermediate consumption of a notional industry.
1 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, overtime payments (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 or 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.

Employers Contribution to Social Security Schemes: This concept is self-explanatory.
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.
(2) (3) The System of National Accounts (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.
THE OPERATING SURPLUSIMIXED INCOME: This is equivalent to the excess of the value added at producer's prices over the sum of compensation of employees, taxes net of subsidies on production and imports and allowances for the consumption of fixed capital.

If a strict income approach to estimating value added is used, operating surplus is estimated directly and value added is estimated as the sum of its elements.
If a combination of the production and income approaches to estimation is used, value added is computed as the difference between gross output and intermediate consumption, while operating surplus is calculated as the residual between value added and It is the its other components.

Operating surplus is simply the sum of net profits and property income.
surplus of deficit from production before taking into account interest and land rents payable by the 2 establishments, as any non-allowable items such as bad debts, donations, miscellaneous provisions and capital items written off as current expense.

Mixed income is similarly defined but contains an element of remuneration for the work done by the owners and households of unincorporated business.
CONSUMPTION OF FIXED CAPITAL: This is defined as the value at current replacement cost of the reproducible fixed assets used up during a period of account as a result of normal wear and tear, foreseen obsolescence and the normal rate of accidental damage.

Unforeseen obsolescence, major catastrophes and the depletion of natural resources are not included in consumption of fixed capital.
TAXES ON PRODUCTION AND IMPORTS: These are defined as compulsory, unrequited 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 of 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.
The SNA no longer use the term indirect taxes rather it is now called taxes on production and imports.

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 benefits should be treated as current transfers and not as subsidies.

GOVERNMENT FINAL CONSUMPTION EXPENDITURE: This is defined as the value of gross output of Producers of Government Services less the value of its commodity and non-commodity sales and the value of its own-accounts capital formation.
The gross output is equal to the cost of production, that is, the sum of intermediate consumption of goods and services, compensation of employees, consumption of fixed capital and corresponding net taxes on production.

The Government final consumption expenditure, consists therefore of the purchase of goods and services, and expenditures on compensation of employees less the revenue received from sales.

Sales do not include fees and charges that are levied by Governments for regulatory purposes.
Examples are payments of driving tests, vehicle licenses, driving permits, passports, airport fees and fees charged for court services, all of which are defined as fees when paid by households and as taxes on production when paid by enterprises.

Fines and 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.
3 PRIVATE FINAL CONSUMPTION EXPENDITURE: This is defined as the outlays of households on new durable and non-durable goods and services less their net sales of second-hand goods, scraps and waste.

Purchases of households of consumer durables such as furniture, radios, and automobiles are all included in Private Final Consumption Expenditure.

Purchases of dwellings are treated as gross fixed capital formation of the real estate industry.
The imputed rent of owner occupied dwellings is part of the gross output of the real estate industry and is also included in the final consumption expenditure of households.

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 or 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 mayan practical grounds 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.
(ii) (iii) (iv) (v) Outlays on improvements and alterations of capital goods, which significantly extend their expected lifetime of use or substantially increase their productivity, are considered to be gross fixed capital formation.

Outlays on the reclamation and improvement of land, on the development plantations and similar agricultural holding are included in Gross Fixed Capital Formation.
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 acquisition 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.
CHANGES IN INVENTORY: This is equal in principle to the market value 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 and merchandise held by resident industries.

and in stock of strategic materials and emergency stocks of important products held by Government services.
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 average prices ruling over the period.
4 EXPORTS AND IMPORTS OF GOODS AND NON-FACTOR SERVICES: This consists of the transactions in goods and services 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, gifts in kind etc.
Expenditure abroad by residents such as tourists and other persons, seasonal workers, and diploma tic 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 and imports are f.o.b.

GROSS VALUE ADDED AT BASIC PRICES: This pertains to the value of all goods and services produced in an economy within a given time period of usually one year.
It is equal to the sum of compensation of employees, consumption of fixed capital, taxes less subsidies on production 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 receive from other units, at home or abroad.
GROSS DOMEsnc PRODUCT AT MARKET PRICES: This is equal to the sum of the Gross Value Added of all resident producers, plus taxes less subsidies on imports plus all non-deductible VAT or similar taxes.

GNI AT MARKET PRICES: Gross National Income at market prices is the value of the goods and services produced by the labour and It is derived by adding net factor income from the rest of the capital supplied by residents of a country.

world to GOP at market prices.


GNI is identical to GNP as was used previously in National Accounts.

NET 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 income covers investment income from ownership of foreign financial claims such as interest and dividends.

The entrepreneurial income of foreign investment in a country, i.e.

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

The un~remittedportion is always treated as reinvested earnings.
LABOUR INCOME AND WORKER'S REMrlTANCEs: 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).

1his 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.

5 NATIONAL ACCOUNTS AT CONSTANT PRICES: For analytical purposes, the national accounts at constant prices are derived by breaking current values down into a price component and quantity component.
Estimates at 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.

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.
• The production approach is designed to evaluate the value of output.

The value added is estimated by deducting intermediate consumption from the gross 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, taxes less subsidies on production, 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 fonnation adjusted for imports and exports of goods and service.

6 NOTES ON METHODOLOGY AGRICULTURE SECTOR 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.
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 outputs 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 the purchasers to the growers of these products.

The cost of material inputs consists of imported inputs such as seeds, fertilizers, pesticides and insecticides.

The c.Lf.

values 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.

Production of all agricultural crops is re-valued 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, and 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 and egg production are obtained from the major poultry farms.

These are crosschecked 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.

FORESTRY The value of outp ut covers bamboo, wood, firewood and charcoal.

The estimates are obtained in consul tation 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 fishing, the Ministry of Agriculture Fisheries Division provided estimates of 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 lbs.

and 2,080 lbs.

of fish per boat respectively.

The retail price of fish 7 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.

ELECTRICITY AND WATER The value added in this sector is estimated by the Production and income approaches.

The main source of data is the financial statements of the electricity and the Water & Sewage companies.
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 import data, since domestic output of construction material is negligible.

The c.Lf.
The c.Lf.

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

The value of construction materials used as inputs is assumed to be 60% 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.E.

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 is the accounts of trading establishments available at the Inland Revenue Office.

The constant price estimates have been obtained by deflating the value added in current prices by the price index.
HOTELS AND RESTAURANTS The value added estimates are obtained by using both the production and 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.

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 production and income approach.

The main sources of data are from the records of the Inland Revenue Office and the Annual National Accounts Survey 8 Forms.
The constant price estimates are worked out by extrapolating the base year estimate on the basis of quantities of manufacturing output.

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

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 are 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 This sector covers LIAT, and air travel and airport administration.

The income of travel agents and airport administration has 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 the telecommunications Company.

The accounts of the Post Office, which are available from the Goverrunent budget, are analyzed to obtain compensation of employees and the constant price estimates are based on the volume of postal traffic.

The accounts of the telecommunication companies for Dominica's operation are analyzed to obtain the value added in current prices.
The constant price estimates are based on the combined index of overseas call rates.

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

The accounts of the commercial banks, industrial bank, offshore banks, 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.

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 house.

One month's rent is subtracted as cost of repairs and 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 9 cost housing as most of the houses is 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.

GOVERNMENT SERVICES The value added at current prices is 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 govenunent thus refer to central govenunent, local govenunent 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 SERVICES This sector covers business, entertainment and personal services, such as services of accounting firms, legal firms, individual professionals, barbers and beauty salons etc.

Broadcasting and recently Cable TV have also been included.
The gross value added is obtained from data submitted on the Annual National Accounts Survey form and is supplemented with data obtained from the Inland Revenue records 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.
FINANCIAL INTERMEDIATION SERVICES INDIRECTLY MEASURED According to the recommendation of the UN SNA, the financial intermedia tion services indirectly measured (FISIM), 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.
10 ECONOMIC ACTIVITY IN DOMINICA REVIEW OF 2005 OVERVIEW Preliminary data indicate that activity in the Dominican economy expanded in 2005, for the third consecutive year, following contractions experienced in 2001 and 2002.

Increased output was noted in all sectors except the agricultural and transportation sectors.

Consequently, real output expanded by 3.4 per cent to EC$442.7m increased consumer and business confidence in the economy.
Additionally, in 2005 largely reflecting improvements were also recorded in the Central Government's Fiscal performance.

The current account recorded a surplus largely attributed to increased revenue coupled with reduction in expenditure.

However, the external current account deficit further widened mainly resulting from increased imports while export revenue declined.

The consumer price index increased by 1.67 per cent.
AGRICULTIJRAL SECTOR Output in the agricultural sector is estimated to have declined by 0.6% in contrast to the expansion of 3.5 per cent experienced in 2004.

Contributing to this decline was the Significant 16.0 per cent drop in banana production, mainly a result of unfavourable weather conditions, the decline in the number of farmers and reduced market allocations per farmer.

MANUFACTURING SECTOR The manufacturing sector is estimated to have recorded a growth of 1.5 per cent in real value added.
Increased output was recorded in beverages, paints and varnishes and dental cream.

The increased output in beverages was largely due to the increase in domestic demand resulting from an active year in political campaign activities and the activities of filming a television movie "Pirates of The Caribbean II".

TOURISM SECTOR Growth continued in the tourism sector recording a 1.2 per cent increase following an expansion of 11.7 per cent in 2004.
The number of stay over visitors in paid accommodation increased by 17 per cent, despite the 0.7 per cent fall in the total number of stay over visitors.

The number of cruise ships visiting our shores fell by 18.5 per cent moving from 299 in 2004 to 234 in 2005.

Consequently, the total number of cruise ship visitors fell by 21.5 per cent, while excursionist declined sharply by 73.4 per cent.
The fall in excursionists was largely a reflection of the decline in organised charters from the French Caribbean Islands.

CONSTRUCTION SECTOR The construction sector expanded by 2.8 per cent following a 3.3 per cent recorded in 2004.
Growth in this sector was mainly influenced by developments in the public sector, mainly the rehabilitations of roads, construction of the Windsor Park Stadium, relocation and expansion of schools, the construction and improvements of ecotourism sites, and the expansion of the main airport.

However both the number and value of private sector residential construction fell by 27.5 and 21.6 per cent respectively.
11 TRANSPORTATION AND COMMUNICATIONS SECTOR Output in the transportation sector is estimated to have declined by 1.5 per cent in 2005.

This perfonnance was largely due to contraction in activities in the road and sea sub sectors resulting from the fall in the number of visitors particularly cruise ship visitors.

The communication sector is estimated to have recorded an increase of 8.0 per cent.
This performance was largely influenced by the expansion in cellular phones resulting from the operations of two new entrants in the communication market during the second half of 2004.

GOVERNMENT SECTOR Output in the Government sector is estimated to have increased by approximately 2.2 per cent.

This increase was largely due to the reinstatement of the 5.0 per cent cut in wages and salaries from July 2005.
PRICES In 2005, consumer prices rose on average by 1.67 per cent compared to the 2.4 per cent experienced in 2004.

Increases were noted in food moving up by 2.48 per cent, 'Fuel and Light' by a sharp 12.79 per cent.

EXTERNAL SECTOR Preliminary data for 2005 revealed a widening of the current account deficit to EC$2S0.6m compared to EC$lSS.7m recorded in 2004.

This outtum was due in part to the increase in import payments while export receipts declined.
The increase in imports was largely attributed to the expansion in economic activity, while the value of exports feU by 2.3 per cent primarily due to the decrease in receipts from banana and soap exports.

Gross receipts from tourism declined by an estimated 7.8 per cent to EC$lS0.9m, reflecting the decline in the number of total visitors.
12 TABLE 1 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CURRENT PRICES (EC$MILLlON) Sector Agriculture - Crops .. Livestock Forestry Fishinq 1996 - 1997 1998 1999 2000 2001 2002 2003 2004 2005 P 106.99 107.58 87.82 86.73 , Mining & Quarrying 4.85 509 4.63 4.90 5.22 5.24 3.92 4.60 5.22 5.48 ~ Manufacturing 39.43 42.29 50.81 49.30 54.44 45.13 44.54 46.52 50.80 52.42 Electricity & Water 23.60 26.21 29.24 33.49 33.92 36.05 36.91 36.90 39.32 41.17 Construction 48.49 47.66 46.27 48.96 52.19 52.40 39.15 46.04 50.70 54.11 Wholesale & Retail Trade 62.30 65.39 67.72 70.20 72.58 73.38 69.71 73.20 77.42 87.53 Hotels & Restaurants 14.76 15.20 15.50 16.16 16.95 15.98 15.47 15.06 17.66 17.86 Transport 54.46 53.36 55.53 57.56 57.72 52.95 45.30 48.82 54.92 55.16 Road Transport 28.22 28.64 28.35 28.36 29.76 27.71 22.64 25.97 29.37 29.17 ~ Sea Transport 21.64 19.98 22.63 24.08 23.08 20.71 18.66 18.49 20.56 20.50 Air Transport 4.60 4.74 4.55 5.12 4.88 4.53 4.00 4.36 4.99 5.49 Communications 39.48 44.57 49.46 52.12 47.84 44.34 39.61 26.05 26.96 27.66 Banks & Insurance 61.57 59.79 65.73 68.72 70.11 70.12 64.81 65.62 69.07 72.64 .
Real Estate & Housinq 18.48 19.12 19.88 20.27 20.88 21.30 21.82 22.26 22.70 23.73 Government Services 100.93 103.83 112.87 116.51 121.69 128.37 133.03 127.78 123.66 129.50 Other Services 8.11 8.47 9.07 9.45 9.50 9.93 10.41 10.37 10.89 11.27 Less FISIM 45.96 43.86 51.93 52.11 53.98 54.09 51.50 48.32 52.37 53.94 GVA in Basic Prices 537.49 554.70 585.05 609.65 621.60 607.48 575.24 581.14 611.44 643.98 GROWTH RATE 7.35 3.20 5.47 4.20 1.96 -2.27 -5.31 1.03 5.21 5.32 Plus Product Taxes Less Subsidies 100.37 106.91 115.46 113.19 110.55 111.12 112.86 128.51 158.64 166.71 GOP in Market Prices 637.86 661.61 700.51 722.84 732.15 718.60 688.10 709.65 770.08 810.69 Growth Rate P = Preliminary 7.09 3.72 5.88 3.19 1.29 -1.85 -4.24 3.13 8.52 5.27 13 TABLE 2 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CONSTANT PRICES (EC$MILLlON) Sector 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 P Agriculture Crops Livestock Forestry Fishing Mininq & Quarryinq 3.57 3.71 3.36 3.49 3.70 3.61 2.69 3.00 3.12 3.21 ManufacturinQ 29.44 30.18 35.26 29.16 31.32 27.06 26.45 26.68 27.42 27.83 Electricity & Water 15.52 16.68 18.23 19.18 19.66 20.30 20.43 20.05 21.10 21.66 Construction' 35.66 35.05 33.60 34.86 36.97 36.14 26.88 29.95 30.94 31.79 Wholesale &
 Retail Trade 52.94 54.26 55.65 57.02 58.45 58.02 55.02 56.89 58.76 65.22 Hotels & Restaurants 11.03 11.25 10.80 11.26 11.70 10.83 10.47 10.15 11.34 11.47 Transport 43.09 42.99 44.52 45.12 44.68 42.22 36.70 39.03 42.94 42.30 Road Transport 24.16 24.52 24.27 24.28 25.47 23.73 19.38 22.23 24.56 23.92 Sea Transport Air Transport 15.22 14.65 16.59 16.92 15.35 14.80 13.60 13.01 14.37 14.05 3.71 3.82 3.66 3.92 3.86 3.69 3.72 3.79 4.01 4.33 Com munications 39.42 44.50 49.38 55.59 53.16 49.71 48.91 35.94 37.20 40.17
 Banks & Insurance 52.80 50.56 54.62 58.31 58.46 56.54 53.27 55.21 58.06 60.96 Real Estate & HousinQ 14.76 14.91 15.20 15.50 15.66 15.81 15.96 16.28 16.60 17.19 Government Services 72.16 74.23 78.33 78.51 82.00 85.77 88.75 86.99 86.34 88.21 Other Services 5.50 5.61 5.83 6.01 5.98 6.14 6.42 6.30 6.47 6.66 Less FISIM 40.69 39.06 46.25 46.44 47.37 51.39 52.89 44.43 48.15 49.59 GVA in Basic Prices 422.94 431.30 443.24 450.47 456.35 437.35 415.15 415.55 428.21 442.72 GROWTH RATE 3.08 1.98 2.77 1.63 1.31 -4.16 -5.08 0.10 3.05 3.39 Plus Product Taxes Less Subsidies 78.98 83.13 87.47 83.64 81.16 80.00 81.45 91.89 111.10 114.61 GOP in Market Prices 501.92 514.43 530.71 534.11 537.51 517.35 496.60 507.44 539.31 557.33 Growth Rate P = Preliminary 2.83 2.49 3.16 0.64 0.64 -3.75 -4.01 2.18 6.28 3.34 14 TABLE 3 COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY AT BASIC PRICES IN CURRENT PRICES Sector 1996 1997 1998 1999 2000 2001 2002 2003 2004 200S P Agriculture 19.91 19.39 18.85 18.72 18.10 1751 17.74 18.28 18.72 18.54 Crops Livestock Forestry FishinQ 16.34 15.64 15.10 15.03 14.49 13.77 13.75 14.25 14.82 14.76 1.40 1.43 1.38 1.34 1.33 1.37 1.47 1.47 1.41 1.35 0.65 0.64 0.61 0.59 1.52 1.69 1.76 1.75 .0.58 • 1.70 0.60 0.64 0.64 0.61 0.58 1.76 1.89 1.93 1.89 1.85 Mininq & Quarrying 0.90 0.92 0.79 0.80 0.84 0.86 0.68 0.79 0.85 0.85 Manufacturing 7.34 7.62 8.68 8.09 8.76 7.43 7.74 8.00 8.31 8.14 Electricity & Water 4.39 4.73 5.00 5.49 5.46
 5.93 6.42 6.35 6.43 6.39 Construction 9.02 8.59 7.91 8.03 8.40 8.63 6.81 7.92 8.29 8.40 Wholesale & Retail Trade 11.59 11.79 11.58 11.51 11.68 12.08 12.12 12.60 12.66 13.59 Hotels & Restaurants 2.75 2.74 2.65 2.65 2.73 2.63 2.69 2.59 289 2.77 Transport 10.13 9.62 9.49 9.44 9.29 8.72 7.87 8.40 8.98 8.57 Road Transport 5.25 5.16 4.85 4.65 4.79 4.56 3.94 4.47 4.80 4.53 Sea Transport 4.03 3.60 3.87 3.95 3.71 3.41 3.24 3.18 3.36 3.18 Air Transport 0.86 0.85 0.78 0.84 0.79 0.75 0.70 0.75 0.82 0.85 Communications
 7.35 8.03 8.45 8.55 7.70 7.30 6.89 4.48 4.41 4.30 Banks & Insurance 11.46 10.78 11.23 11.27 11.28 11.54 11.27 11.29 11.30 11.28 Real Estate & Housing 3.44 3.45 3.40 3.32 3.36 3.51 3.79 3.83 3.71 3.68 Government Services 18.78 18.72 19.29 19.11 19.58 21.13 23.13 21.99 20.22 20.11 Other Services 1.51 1.53 1.55 1.55 1.53 1.63 1.81 1.78 1.78 1.75 Less FISIM TOTAL P = Preliminary 8.55 7.91 8.88 8.55 8.68 8.90 8.95 8.31 8.57 8.38 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 15 TABLE 4 COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY AT BASIC PRICES IN CONSTANT PRICES Sector 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 p Agriculture Crops Livestock Forestry Fishing Mining & Quarrying 0.84 086 0.76 0.77 0.81 0.83 0.65 0.72 0.73 0.73 Manufacturing 6.96 7.00 7.96 6.47 6.86 6.19 6.37 6.42 6.40 6.29 Electricity & Water 3.67 3.87 4.11 4.26 4.31 4.64 4.92 4.82 4.93 4.89 Construction 8.43 8.13 7.58 7.74 8.10 8.26 6.47 7.21 7.23 7.18 Wholesale & Retail Trade 12.52 12.58 12.56 12.66 12.81 13.27 13.25 13.69 13.72 14.73 Hotels & Restaurants 2.61 2.61 2.44 2.50 2.56 2.48 2.52 2.44 2.65 2.59 Transport 10.19 9.97 10.04 10.02 9.79 9.65 8.84 9.39
 10.03 9.55 Road Transport 5.71 5.69 5.48 5.39 5.58 5.43 4.67 5.35 5.74 5.40 Sea Transport 3.60 3.40 3.74 3.76 3.36 3.38 328 3.13 3.36 3.17 Air Transport 0.88 0.89 0.83 0.87 0.85 0.84 0.90 0.91 .
0.94 0.98 Communications 9.32 10.32 11.14 12.34 11.65 11.37 11.78 8.65 8.69 9.07 Banks & Insurance 12.48 11.72 12.32 12.94 12.81 12.93 12.83 13.29 13.56 13.77 Real Estate & Housing 3.49 3.46 3.43 3.44 3.43 3.61 3.84 3.92 3.88 3.88 Government Services 17.06 17.21 17.67 17.43 17.97 19.61 21.38 20.93 20.16 19.92 Other Services 1.30 1.30 1.32 1.33 1.31 1.40 1.55 1.52 1.51 1.50 Less FISIM TOTAL P = Preliminary 9.62 9.06 10.43 10.31 10.38 11.75 12.74 10.69 11.24 11.20 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 16 , I ~ ,... TABLE 5 COMMONWEALTH OF DOMINICA RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY, AT BASIC PRICES, IN CURRENT PRICES (%) Sector 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 p Agriculture Crops Livestock Forestry Fishing 13.16 0.55 2.50 3.49 -1.38 -5.47 -4.06 4.10 7.77 4.28 16.04 -1.24 1.88 3.73 -1.70 -7.14 -5.47 4.72 9.44 4.89 1.35 5.73 1.64 1.49 0.98 0.97 0.96 1.19 0.94 1.05 1.46 1.44 0.85 0.84 0.84 1.10 0.82 0.27 0.27 0.27 1.87 14.67 9.59 3.89 -1.22 1.42 1.40 3.13 3.04 3.21 Mining & Quarrying 3.19 4.95 -9.04 5.83 6.53 0.38 -25.19 17.35 13.48 4.98 Manufacturing 6.08 7.25 20.15 -2.97 10.43 -17.10 -1.31 4.45 9.20 3.19 Electricity & Water 11.80 11.06 11.56 14.53 1.28 6.28 2.39 -0.03 6.56 4.70 Construction 3.26 -1.71 -2.92 5.81 6.60 0.40 -25.29 17.60 10.12 6.73 Wholesale & Retail Trade 6.28 4.96 3.56 3.66 3.39 1.10 -5.00 5.01 5.77 13.06 Hotels & Restaurants -1.99 2.98 1.97 4.26 4.89 -5.72 -3.19 -2.65 17.26 1.13 Transport 5.77 -2.02 4.07 3.66 0.28 -8.26 -14.45
 7.77 12.49 0.44 Road Transport 4.02 1.49 -1.01 0.04 4.94 -6.89 -18.30 14.71 13.09 -0.68 Sea Transport 8.80 -7.67 13.26 6.41 -4.15 -10.27 -9.90 -0.91 11.20 -0.29 Air Transport 2.91 3.04 -4.01 12.53 -4.69 -7.17 -11.70 9.00 14.45 10.02 Communications 3.03 12.89 10.97 5.38 -8.21 -7.32 -10.67 -34.23 3.49 2.60 Banks & Insurance 2.87 -2.89 9.93 455 2.02 0.01 -7.57 1.25 5.26 5.17 Real Estate & Housing 3.76 3.46 3.97 1.96 3.01 2.01 2.44 2.02 1.98 4.54 Govemment Services ......... ~ervices Less FiSt 1 TOTAL 7.70 2.87
 8.71 3.22 4.45 5.49 3.63 -3.95 -3.22 4.72 6.01 4.44 7.08 4.19 0.53 4.53 4.83 -0.38 5.01 3.49 -0.78 -4.57 18.40 0.35 3.59 0.20 -4.79 -6.17 8.38 3.00 7.35 3.20 5.47 4.20 1.96 -2.27 -5.31 1.03 5.21 5.32 P =Preliminary , 17 -- TABLE 6 COMMONWEALTH OF DOMINICA RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY, AT BASIC PRICES, IN CONSTANT PRICES (%) 1 Sector 1996 1997 1996 1999 2000 2001 2002 2003 2004 2005 p Agriculture Crops Livestock Forestry Fishing 5.47 -1.49 -1.99 -2.14 -1.11 -6.57 -0.65 -3.39 3.48 -0.57 6.51 -2.72 -2.93 -3.44 -1.44 -8.93 -1.26 -5.06 4.29 -1.16 1.30 1.57 1.54 1.52 0.95 0.94 0.93 1.19 0.92 1.04 1.55 1.53 0.90 0.90 0.89 0.88 0.87 0.29 0.29 0.29 1.89 5.69 1.63 3.94 -1.18 1.44 1.42 2.10 2.05 1.45 ) Mining & Quarrying -2.99 3.92 -9.43 3.87 6.02 -2.43 -25.48 11.52 4.00 2.88 Manufacturing 6.01 2.51 16.83 -17.30 7.41 -13.60 -2.25 0.87 2.77 1.50 Electricity & Water 7.48 7.47 9.29 5.21 2.50 3.26 0.64 -1.86 5.24 2.65 Construction -2.99 -1.71 -4.14 3.75 6.05 -2.25 -25.62 11.42 3.31 2.75 Wholesale & Retail Trade 4.50 2.49 2.56 2.46 2.51 -0.74 -5.17 3.40 3.29 10.99 Hotels & Restaurants -5.40 1.99 -4.00 4.26 3.91 -7.44 -3.32 -3.06 11.72 1.15 Transport 5.64 -0.23 3.56 1.35 -0.98 -5.51 -13.07 6.35 10.02 -1.49 Road Transport 4.00 1.49 -1.02 0.04 4.90 -6.83 -18.33 14.71 10.48 -2.61 Sea Transport Air Transport 8.64 -3.75 13.24 1.99 -9.28 -3.58 -8.11 -4.34 10.45 -2.23 4.51 2.96 -4.19 7.10 -1.53 -4.40 0.81 1.88 5.80 7.98 Communications 3.03 12.89 10.97 12.58
 -4.37 -6.49 -1.61 -26.52 3.51 7.98 Banks & Insurance -1.73 -4.24 8.03 6.76 0.26 -3.28 -5.78 3.64 5.16 4.99 Real Estate & Housing 2.00 1.02 1.95 1.97 1.03 0.96 0.95 2.01 1.97 3.55 Government Services 1.51 2.87 5.52 0.23 4.45 4.60 3.47 -1.98 -0.75 2.17 Other Services 4.17 2.00 3.92 3.09 -0.50 2.68 4.56 -1.87 " 2.70 /'2.94 Less FISIM TOTAL P :: Preliminary -1.88 -4.01 18.41 0.41 2.00 8.49 2.92 -16.00 8.37 2.99 3.08 1.98 2.77 1.63 1.31 -4.16 -5.08 0.10 3.05 3.39 18 t J I '''''''' ~ TABLE 7 COMMONWEALTH OF
 DOMINICA GROSS VALUE ADDED DEFLATORS BY ECONOMIC ACTIVITY, AT BASIC PRICES Sector 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 p Agriculture 121.94 124.47 130.17 137.66 137.28 138.90 134.13 144.52 150.51 157.84 Crops Livestock Forestry Fishing Mining & Quarrying 135.85 137.20 137.80 140.40 141.08 145.15 145.72 153.33 167.31 170.72 Manufacturing 133.93 140.13 144.10 169.07 173.82 166.78 168.39 174.36 185.27 188.36 Electricity & Water 152.06 157.13 160.39 174.61 172.53 177.59 180.67 184.04 186.35 190.07 Construction 135.98 135.98 137.71 140.45 141.17 144.99 145.65 153.72 163.87 170.21 Wholesale & Retail Trade 117.68 120.51 121.69 123.11 124.17 126.47 126.70 128.67 131.76 134.21 Hotels & Restaurants 133.82 135.11 143.52 143.52 144.87 147.55 147.76 148.37 155.73 155.71 Transport 126.39 124.12 124.73 127.57 129.19 125.41 123.43 125.08 127.90 130.40 Road Transport 116.80 116.80 116.81 116.80 116.84 116.77 116.82 116.82 119.58 121.95 Sea Transport 142.18 136.38 136.41 142.32 150.36 139.93 137.21 142.12 143.08 145.91 Air Transport 123.99 124.08 124.32 130.61 126.42 122.76 107.53 115.04 124.44 126.79 Communications 100.15 100.16 100.16 93.76 89.99 89.20 80.99 72.48 72.47 68.86 Banks &
 Insurance 116.61 118.26 120.34 117.85 119.93 124.02 121.66 118.86 118.96 119.16 Real Estate & Housing 125.20 128.24 130.79 130.77 133.33 134.72 136.72 136.73 136.75 138.05 Government Services 139.87 139.88 144.10 148.40 148.40 149.67 149.89 146.89 143.22 146.81 I' I Other Services 147.45 150.98 155.57 157.24 158.86 161.73 162.15 164.60 168.32 169.22 Less FISIM TOTAL P = Preliminary 112.95 112.29 112.28 112.21 113.95 105.25 97.37 108.76 108.76 108.77 127.08 128.61 131.99 135.34 136.21 138.90 138.56 139.65 142.79
 145.46 19 TABLE 8 COMMONWEALTH OF DOMINICA INDEX OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY, AT BASIC PRICES, IN CURRENT PRICES Sector 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 p Agriculture Crops Livestock Forestry Fishing Mining & Quarrying 157.47 165.26 150.32 159.09 169.48 170.13 127.27 149.35 169.48 177.92 ManufactUring 149.19 160.01 192.24 186.53 205.98 170.75 168.52 176.01 192.21 198.34 Electricity & Water 211.09 234.44 261.54 299.55 303.40 322.45 330.14 330.05 351.70 368.25 Construction 172.19 169.25 164.31 173.86 185.33 186.08 139.03 163.49 180.04 192.15 Wholesale & Retail Trade 151.69 159.22 164.89 170.93 176.72 178.67 169.73 178.23 188.51 213.12 Hotels & Restaurants 193.45 199.21 203.15 211.80 222.15 209.44 202.75 197.38 231.45 234.08 Transport 150.53 147.48 153.48 159.09 159.54 146.35 125.21 134.94 151.80 152.46 Road Transport 141.52 143.63 142.18 142.23 149.25 138.97 113.54 130.24 147.29 146.29 Sea Transport 169.06 156.09 176.80 188.13 180.31 161.80 145.78 144.45 160.63 160.16 Air Transport 133.72 137.79 132.27 148.84 141.86 131.69 116.28 126.74 145.06 159.59 Communications 166.86 188.38 209.04
 220.29 202.20 187.40 167.41 110.10 113.95 116.91 Banks & Insurance 147.83 143.55 157.82 164.99 168.33 168.36 155.61 157.55 165.83 174.41 Real Estate & Housing 136.79 141.52 147.15 150.04 154.55 157.66 161.51 164.77 168.02 175.65 Government Services 146.25 150.46 163.56 168.83 176.34 186.02 192.77 185.16 179.19 187.65 Other Services 207.95 217.18 232.56 242.31 243.59 254.62 266.92 265.90 279.23 288.97 Less FISIM TOTAL P = Preliminary 163.50 156.03 184.74 185.38 192.03 192.42 183.21 171.90 186.30 191.89 145.33
 149.98 158.19 164.84 168.07 164.25 155.54 157.13 165.33 174.12 20 TABLE 9 COMMONWEALTH OF DOMINICA INDEX OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY, AT BASIC PRICES, IN CONSTANT PRICES Sector 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 p Agriculture -- - Crops .~ Livestock Forestry Fishing 94.86 - ' - - 89.99 93.45 87.55 91.59 89.63 88.64 - 82.81 82.ll- Mining & Quarrying 115.91 120.45 109.09 113.31 120.13 117.21 87.34 97.40 101.30 104.22 Manufacturing 111.39 114.19 133.41 110.33 118.50 102.38 100.08 100.95 103.75 105.30 Electricity & Water 138.82 149.19 163.06 171.56 175.85 181.57 182.74 179.34 188.73 193.74 Construction 126.63 124.47 119.32 123.79 131.29 128.34 95.45 106.36 109.87 112.89 Wholesale & Retail Trade 128.90 132.12 135.50 138.84 142.32 141.27 133.97 138.52 143.07 158.80 Hotels & Restaurants 144.56 147.44 141.55 147.58 153.34 141.94 137.22 133.03 148.62 150.33 Transport 119.10 118.82 123.05 124.71 123.49 116.69 101.44 107.88 118.68 116.92 Road Transport 121.16 122.97 121.72 121.77 127.73 119.01 97.19 111.48 123.17 119.96 Sea Transport 118.91 114.45 129.61 132.19 119.92 115.63 106.25 101.64 112.27 109.77 Air Transport 107.85 111.05 106.40 113.95 112.21 107.27 108.14 110.17
 116.57 125.87 Communications 166.61 188.08 208.71 234.95 224.68 210.10 206.72 151.90 157.23 169.78 Banks & Insurance 126.77 121.39 131.14 140.00 140.36 135.75 127.90 132.56 139.40 146.36 Real Estate & Housing 109.25 110.36 112.51 114.73 115.91 117.02 118.13 120.50 122.87 127.24 Government Services 104.56 107.56 113.51 113.77 118.82 124.29 128.60 126.05 125.11 127.82 Other Services 141.03 143.85 149.49 154.10 153.33 157.44 164.62 161.54 165.90 170.77 Less FISIM TOTAL P '" Preliminary 144.75 138.95 164.53
 165.21 168.52 182.82 188.15 158.06 171.29 176.41 114.36 116.62 119.85 121.80 123.39 118.25 112.25 112.36 115.78 119.71 21 COMMONWEALTH OF DOMINICA EXPENDITURE ON GROSS DOMESTIC PRODUCT IN CURRENT PRICES (EC$MILlION) TABLE 10 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 p TOTAL CONSUMPTION 569.08 554.3 565.18 586.82 630.85 666.99 634.57 613.58 678.77 771.05 I Private consumption 440.15 411.12 412.23 427.56 466.48 506.59 487.24 478.44 539.04 624.48 General Government 128.93 143.1 152.95 159.26 164.37 160.4 147.33 135.14 139.73 146.57 GROSS CAPITAL FORMATION 183.60 203.74 190.89 200.25 205.43 171.78 142.40 177.61 210.00 231.25 Transport Equipment 22.99 39.74 21.37 37.69 36.63 22.39 25.98 23.98 26.62 42.54 Other Equipment 48.16 49.00 54.50 41.39 51.38 31.50 28.32 50.05 65.9 63.33 Construction 112.45 115.00 115.02 121.17 117.42 117.89 88.10 103.58 117.48 125.38 Changes In Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 GOOOSANO NON-FACTOR SERVICES -114.82 -96.38 -55.56 -64.23 -104.13 -120.2 -88.87 -81.54 -118.7 -191.61 Export of Goods 142.84 145.2 170.6 151.21 147.80 119.83 117.74 110.73 114.91 116.83 Export of NFS 186.14 225.2 238.73 272.17 242.38 207.54 215.21 208.79 236.40 225.23 Imports of Goods 316.44 320.5 314.15 328.24 352.05 312.42 276.35 283.10 344.88 393.10 Imports of NFS 127.36 146.18 150.74 159.37 142.26 135.12 145.47 117.96 125.12 140.57 GOP AT MARKET PRICES 637.86 661.61 700.51 722.84 732.15 718.60 688.10 709.65 770.08 810.69 Less Taxes
 on Production and Imports Plus Subsidies 100.37 106.91 115.46 113.19 110.55 111.12 112.86 128.51 158.64 166.71 GVA AT BASIC PRICES 537.49 554.70 585.05 609.65 621.60 607.48 575.24 581.14 611.44 643.98 P ::: Preliminary 22 TABLE 11 COMMONWEALTH OF DOMINICA RATE OF GROWTH OF GROSS DOMESTIC PRODUCT BY EXPENDITURE IN CURRENT PRICES (%) 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 p TOTAL CONSUMPTION 15.68 -2.61 1.97 3.83 7.50 5.73 -4.86 -3.31 10.62 13.60 Private consumption 19.35 -6.60 0.27 3.72 9.10 860
 -3.82 -1.81 12.67 15.85 General Government 4.69 1101 6.86 4.13 3.21 -2.42 -8.15 -8.27 3.40 4.90 GROSS CAPITAL FORMATION -1.51 10.97 -6.31 4.90 2.59 -16.38 -17.10 24.73 18.24 10.12 Transport Equipment -13.47 7286 -46.23 76.37 -2.81 -38.88 16.03 -7.70 11.01 59.80 Other Equipment -3.72 174 11.22 -24.06 24.14 -38.69 -10 10 76.73 31.67 -3.90 Construction 2.39 2.27 0.02 5.35 -309 0.40 -25.27 17.57 13.42 6.72 Changes In Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 2.00 GOOOSANO NON-FACTOR SERVICES 38.81 -16.06 -42.35 15.60 62.12 15.40 -26.05 -8.25 45.56 61.44 Export of Goods 14.78 1.62 17.53 -11.37 -2.26 -18.92 -1.74 -5.95 3.77 1.67 Export of NFS 5.19 20.96 6.03 14.01 -10.95 -14.37 3.70 -2.98 13.22 -4.73 Imports of Goods 18.26 1.29 -1.99 4.49 7.25 -11.26 -11.55 2.44 21.82 13.98 Imports of NFS 9.29 14.78 3.12 5.73 -10.74 -5.02 7.66 -18.91 6.07 12.35 GOP AT MARKET PRICES 7.09 3.72 5.88 3.19 1.29 -1.85 -4.24 3.13 8.52 5.27 Product Taxes Less Subsidies 5.71 6.52 8.00 -1.97 -2.33 0.52 1.57 13.87 23.45 5.09 GVAAT BASIC PRICES 7.35 3.20 5.47 4.20 1.96 -2.27 -5.31 1.03 5.21 5.32 P = Preliminary 23 TABLE 12 COMMONWEALTH OF DOMINICA NATIONAL ACCOUNTS AGGREGATES IN CURRENT PRICES (EC$ MILLION) 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 p A: INCOME GVA AT BASIC PRICES 537.49 554.70 585.05 609.65 621.60 607.48 575.24 581.14 611.44 643.98 Product Taxes Less Subsidies 100.37 106.91 115.46 113.19 110.55 111.12 112.86 128.51 158.64 166.71 GDP AT MARKET PRICES 637.86 661.61
 700.51 722.84 732.15 718.60 688.10 709.65 770.08 810.69 NET FACTOR INCOME FROM ABROAD -50.78 -45.66 -41.11 -68.97 -106.16 -61.25 -68.80 -66.34 -85.52 -73.83 GROSS NATIONAL INCOME 587.08 615.95 659.4 653.87 625.99 657.35 619.3 643.31 684.56 736.86 NET CURRENT TRANSFERS FROM ABROAD 27.46 27.96 34.40 36.61 48.78 47.16 36.82 34.46 45.22 45.55 GROSS NATIONAL DISPOSABLE INCOME 614.54 643.91 693.80 690.48 674.77 704.51 656.12 677.77 729.78 782.41 B: APPROPRIATION Private Final Consumption 440.15 411.12 412.23
 427.56 466.48 506.59 487.24 478.44 539.04 624.48 Government Final Consumption 128.93 143.13 152.95 159.26 164.37 160.40 147.33 135.14 139.73 146.57 Total Consumption 569.08 554.25 565.18 586.82 630.85 666.99 634.57 613.58 678.77 771.05 GROSS NATIONAL SAVING 45.46 89.66 128.62 103.66 43.92 37.52 21.55 64.19 51.01 11.36 C: CAPITAL FINANCE Gross Capital Formation 183.60 203.74 190.89 200.25 205.43 171.78 142.40 177.61 210.00 231.25 Gross National Saving 45.46 89.66 128.62 103.66 43.92 37.52 21.55 64.19 51.01 11.36 FOREIGN SAVINGS 138.14 114.08 62.27 96.59 161.51 134.26 120.85 113.42 158.99 219.89 P = Preliminary 24 TABLE 13 THE BALANCE OF PAYMENTS OF DOMINICA SUMMARY 1998 - 2005 (in EC$M) 1.
CURRENT ACCOUNT (96.58) (143.30) (131.72) (100.76) (104.72) (155.72) (250.56) 1999 2000 R 2001 R 2002R 2003R 2004R 2005 P A.

GOODS a.

Merchandise b.

Repair on Goods c. Goods procured in ports by carriers B.

SERVICES a.

Transportation b.

Travel c. Insurance Services d. Other Business Services e. Government Services C. INCOME a.

Compensation of Employees b.

Investment Income i.

Direct Investment ii.

Portfolio Investment iii.

Other Investment D. CURRENT TRANSFERS a.

General Government b.


Other Sectors 2.
CAPITAL AND (177.00) (177.79) 0.03 (204.23) (207.38) 0.02 (192.50) (195.21) 0.03 (158.59) (161.15) 0.02 (172.37) (175.10) 000 (229.21) (233.34) 0.00 (276.03) (280.03) 0.00 0.76 112.79 (35.97) 111.56 (4.16) 44.56 (3.20) 3.13 2.68 100.04 (3972) 10600 (3.49) 44.46 (7.21) 69.06 (37.47) 100.54 (5.55) 15.72 (4.18) 2.54 70.15 (35.23) 98.71 (7.94) 19.99 (5.38) (68.98) (87.90) (55.44) (49.64) 1.88 (70.86) (61.47) 1.91 (11.30) 36.61 8.68 27.93 1.74 (89.64) (69.80) (8.19) (11.65) 48.79 20.11 28.68 3.76 (59.20) (36.62) (10.62) (11.96) 47.16 16.00 31.16 1.53 (51.17) (25.79) (10.92) (14.46) 37.32 2.80 34.52 2.73 4.13 90.83 (37.89) 117.05 (6.11 ) 25.63 (7.85) (57.64) 1.68 (59.32) (36.06) (10.61) (12.65) 34.46 1.02 33.44 111.28 (42.81) 138.92 (10.44) 26.24 (0.63) 4.00 84.67 (61.64) 123.82 (11.74) 37.12 (2.89) (83.01 ) (104.38) 2.20 (85.21) (52.28) (15.11) (17.82) 45.22 (4.36) 49.58 3.73 (108.11) (97.28) (0.85) (9.98) 45.18 (7.59) 52.77 FIANANCIALACCOUNT 141.65 179.02 123.82 103.82 104.63 102.62 244.27 A.
CAPITAL ACCOUNT 1.

Capital Transfers a.

General Government b.

Other Sectors 2.

Acquisition & Disposal of Non-Produced Non-Financial Assets 31.75 32.22 25.38 6.84 29.40 33.16 25.98 7.18 (0.47) (3.76) B.

FINANCIAL ACCOUNT 1.

Direct Investment 2.

Portfolio Investment 3.

Other Investment 109.90 48.48 86.51 (25.09) a.Public Sector Long Term 5.62 b.
Other Public Sector Capital c. Commercial Banks d. Other Assets e. Other Liabilities 3.87 (23.75) (10.58) (0.25) 149.62 47.51 36.80 65.31 26.59 0.00 53.17 (28.13) 13.68 3.

NET ERRORS AND OMISSIONS 4.
OVERALL BALANCE 5. FINANCING Change in Special Drawing Rights Change in Reserve Position With the Fund Change in Government Foreign Assets Change in imputed Reserves P :: Preliminary (15.37) (16.23) 29.69 (29.69) (0.03) 0.00 1.28 (1.28) 0.03 0.00 48.53 48.53 41.32 7.21 0.00 75.29 39.67 (0.62) 36.24 60.64 0.00 (26.98) (13.59) 16.17 19.78 9.34 55.33 55.33 47.71 7.62 0.00 48.49 47.76 32.69 (31.96) 35.28 0.00 (64.93) (7.58) 5.27 50.88 33.85 (9.34) (33.85) 0.00 0.00 0.00 0.00 4.67 50.70 50.70 42.92 7.78 0.00 53.93 78.43 9.38 (33.88) 27.48 000 (92.15) 20.32 10.47 16.13 7.34 (7.34) 0.00 0.00 (1.30) (6.04) 72.44 72.44 64.38 8.06 0.00 30.18 64.13 (6.66) (27.29) 28.72 0.00 (72.57) (5.11) 21.67 34.54 (18.56) 45.77 45.77 37.51 826 0.00 198.50 87.96 10.22 100.32 13.89 0.00 57.67 (35.84) 64.60 44.84 38.55 18.56 (38.55) 0.00 0.00 3.80 0.43 0.00 (20.36) 14.76 (18.62) (19.13) (7.22) (4.34) (10.53) 5.91 (5.00) (38.52) 25 TABLE 14 COMMONWEALTH OF DOMINICA SELECTED ECONOMIC INDICATORS UNIT 1998 1999 2000 2001 2002 2003 2004 2005 p EC$ M % change EC$ M % change EC$ M EC$ EC$ EC$ EC$ M % change EC$M % change EC$M EC$ EC$ EC$ -2.27 718.6 -1.85 657.35 8,565 10,132 9,269 437.35 -4.16 517.35 -3.75 473.25 6,167 7,295 6,673 575.24 -5.31 688.1 -4.24
 619.30 8,173 9,777 8,799 415.15 -5.08 496.60 - No.
EC$M EC$ M EC$ M EC$ M 72,042 167.45 162.91 356.99 -189.54 71,814 15045 14443 373.22 -222.77 71,544 144.67 137.52 400.95 -256.28 70,922 118.04 112.81 355.02 -236.98 70,382 115.19 106.33 314.05 -198.86 70,352 108.00 104.28 34545 -23745 70,417 111.75 107.05 392.03 -280.28 70,624 112.82 105.58 44644 -333.62 EC$M -62.30 -96.58 -143.30 -131.72 -100.76 -104.72 -155.72 -250.56 EC$ M EC$ M TONNES EC$ M EC$ M No.
EC$ M CURRENT PRICES GVA at Basic Prices GVA at Basic Prices growth rate GOP at Market Prices GOP at market prices 9rowth rate GNI at Market Prices Per Capita GVA at Basic Prices Per Capita GOP at Market Prices Per Capita GNI at Market Prices CONSTANT PRICES GVA at Basic Prices GVA at Basic Prices growth rate GOP at Market Prices GOP at market prices growth rate GNI at Market Prices Per Capita GVA at Basic Prices Per Capita GOP at Market Prices Per Capita GNI at Market Prices OTHER INDICATORS Mid Year Population/b Value of Exports (FOB) Value of Domestic Exports(FOB) Value of Imports (CIF) Visible Trade Balance Balance of Payments Current Nc Balance Balance of Payments - Capital & Financial Nc Balance Agricultural Exports Banana Exports Total Banana Export Revenue Construction Imports No.
of Construction Starts Value of Construction Starts Consumer Price Index (Jan. 2001=100, Average period) INDEX 96.91 98.06 98.90 100.46 100.64 102.09 104.6 106.29 Food Only Index (Feb 1994=100, Average period) lnfiation Rate Implicit Defaltor of GVA (1990=100) Government Recuurent Revenue/a Government Recurrent Expenditure Government current account balance Total Passenger Arrivals Tourist Arrivals Crusie Ship Passengers Excursionists Total Visitors Total Tourism Expenditure Cruise Ship Calls Electricity Generated Electricity Consumed Commercial Bank Loans (Outstanding) Total External Debt Outstanding (PUblic sector) P - Prel1mlnary INDEX % INDEX EC$ M EC$ M EC $ M No.
No.

No.

No.

No.

EC$ M No.
OOOKWH OOOKWH 98.61 0.98 131.99 205.04 194.79 10.25 103,622 65,501 244,603 1,468 11,572 12564 268 70.3 57.294 98.69 1.19 135.34 20075 20647 -572 115,097 73,506 202,003 3,924 279,433 137.01 263 74.6 60.6 98.75 0.86 136.21 213.73 224.84 -11.11 111,645 69,598 239,796 2,656 312,050 130.10 287 77.515 62.01 100.91 1.58 138.90 202.32 233.80 -31 ~48 108,106 66,393 207,627 1,979 275,999 125.35 231 80.965 6391 102.46 0.18 138.56 192.90 229.21 -36.31 109,385 69,193 136,859 1,674 207,726 123.32 187 80.13 64.19 102.85 1.44 139.85 204.30 210.19 - 152.24' 234 83.67 67.79 EC$ M 510.77 504.92 555.93 546.75 529.09 505.88 501.30 529.87 EC$ M 253.16 359.86 407.84 490.09 564.92 620.89 628.46 64684 26 CHART 1: GOP AT MARKET PRICES IN CURRENT AND CONSTANT PRICES 1996-2005 ) 900.00 800.00 700.00 600.00, N '1 EC$ MILLION 500.00 400.00 300.00 200.00 100.00 0.00 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 YEAR I lIeons!"n!
ae""en!

I CHART 2: SECTORAL CONTRIBUTION OF GVAIN CONSTANT PRICES 2005 .. ·..··.._..· _, · • Agriculture ······· r I I Pi Mining & Quarrying N (1) ~""".

"-~'" HI Manufactu ring • Electricity & Water lID Construction IIWholesale &.

Retail Trade o Hotels & Restaurants E!l Tra nsport &I Communications o Banks & Insurance [J Real Estate & Housing Bl Government Services • Other Services ,----_. , ' CHART 3: RATE OF GROWTH OF GVAIN CURRENT AND CONSTANT PRICES: 1996·2005 8.00 '"'t, ( /' , ", 6.00 t":,~.
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, , , I ~ Current Prices ... • Constant Prices I YEAR Chart4: CURRENTACCOUNT BALANCE 1999-2005 0.00 -50.00 -100.00 EC$Million-15O.oo w o -200.00 -250.00 -300.00 7 SSS ~Oo <>00, ~oo ~ <>OOJ ~Oa t:t ~006' YEAR -- - -.

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