Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697797148884.pdf (Dominica)
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~ OF TI-IE COl\1JVIC)N'\V Ef\LTII (IF D(}IvIIt-;JIC:l*1 1981 _.

1994 I • I.

PREFACE This is the sixth 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 Disposable Finance.

Additionally, it includes the Balance of Payments components from 1987 to 1994.
The accounts 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 for 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.

campi lation 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) "Blue Book".

The material presented in this iss;ue consists of revised National Accounts estimates for the period 1981 to 1993 and preliminary estimates for 1994.
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 1993 and preliminary estimates for 1994.
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 National Accounts The Central Statistical Office expresses sincere thanks to the many establishments which continually provide us with the relevant In addition the services rendered by Mrs. Hazel Corbin of data.

the OECS and Miss Lucilla Lewis of the ECCB have gone a long way in finalizing and Balance of Payments statistics.
Mr. Thomson Fontainl3 and more recently Miss Cisne Pascal of the eso have greatly assiisted in the development of the National Accounts statistics through data collection, compilation undertook responsibility for the an analysis of the estimates and preparation of this issue.

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Michael Mur~hY; Chief Statistician Central statistical Office [June 21st, 1995] Cisne M. Pascal Administrative Cadet Central Statistical Office ~(L-- .
... • ~,' TABLE OF CONTENTS " PREFACE Definition of the Components of the Accounts and Related Aggregates Notes on Methedo10gy Analysis of the Perfomance of the Dominican Economy for 1994 TABLE 1 Gross Domestic Product By Economic Activity at Factor Cost in Current Prices 1981-1994 2 Gross Domestic Product By Economic Activity at Factor Cost in Constant Prices 1981-1994 3 Expenditure On Gross Domestic Product in Current Prices at Purchaser's Value 1981-1994 4 Gross National Disposable Income, Appropriation and Capital Finance in Current Prices 1981-1994 5 Percentage Contribution of GDP By Economic Activity at Factor Cost in Current Prices 6 Percentage Contribution of GDP BY Economic Activity at Factor Cost in Constant Prices 7 Rate of Growth of GDP 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 of Expenditure on Gross Domestic Product in Current Prices .. 'Ii ~.
PAGE 1 8 13 Gross Domestic Product Deflators By Economic Activity at Factor Cost 1981-/994 11 Index of GDP By Economic Activity at Factor Cost in Current Prices 1981-1994 12 Index of Gdp By Economic Activity at Factor Cost in Constant Prices 1981-1994 13 Gross Domestic Production and A/lied Aggregate in Current Prices 1981-1994 14 Gross Domestic Prodvct and Allied Aggregates in Constant Prices 1981-1994 15 Current Account of Central Government Revenue 16 Current Account of Central Government Expenditure 17 Current Account of Deparmental Enterprises 18 Capital Account of Cemtral Government 19 Current Account of Central Government Revenue as a Percentage of GDP 20 Current Account of Central Government Expenditure as a percentage of GDP 21 Balance of Payments of Dominica 1986- /994 22 Selected Economic Indicators CHART 1 GDP at Factor Cost in Current & Constant Prices 2 Percentage Contribution of GDP by Economic Activity at Factor Cost in Constant Prices 3 Rate of Growth ofGDP in 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 37 39 40 41 42 • ~ ..
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.

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

II.
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 interest, rent on adjust them to remove any property incomes - 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 In the case of units services) they produce during the period.

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, 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 It military purposes are treated as intermediate consumption.

should be noted that family dwellings for military personnel are not treated as a part of Government consumption but as pUblic 2 sector investment.

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

when given for civilian use, are not part of 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 defined 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 (but not social security added and 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 employment of 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 benefits should be treated as current transfers and not as sUbsidies .

3 • .. • VIII.

GOVERNMENT FINAL CONSUMPTION This is defined as the gross output of producers of Government services less the value of Government sales and the value of its 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.

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

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

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

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

gross output that are from IX.


GROSS FIXED CAPITAL FORMATION: The producers 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.

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 Gross fixed be deducted from gross fixed capital formation.

capital formation covers the following items: in question may be (i) (ii) (iii) 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.
Outlays on improvements and alterations of capital goods which significantly extend their expected lifetime of use of substantially increase their productivity are considered to be gross fixed capital formation.

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.

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(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 STOCKS: supplies, work-in-progress 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, except on construction projects, finished products, livestock raised for slaughter an merchandise held by resident industries and in stock of strategic materials and emergency stocks of important products held by Government services.
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.

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 FAC~rOR 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 GDP at factor cost plus indirect taxes less subsidies.
XIV GNP AT MARKET PRICES: GNP at market prices is the value of the goods and services produced by the labour and capital supplied by normal residents of a country.

It is derived by adding net factor income from the rest of the world to GDP at market prices.

xv NET FACTOR INCOME FROM THE REST OF THE WORLD: the sum of is defined as This two major components, net compensation of employees, and net property and entrepreneurial income.
Net compensation of employees covers the labour income of residents abroad an 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 component and quantity component.
Estimates at constant prices are usually 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 ... • • ~ ,,- '.. ..

., XVIII METHODOLOGY OF ESTIMATES GROHS 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 .

1 NOTES ON MEmODOLOGY AGRICULTURE 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 bay oil.

local consumption, 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 Banana Growers Association, and Dominica coconut Products to the banana and coconut growers, and those paid by Dominica Agricultural Marketing Board for several other crops.
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 The double tools are estimated at 10% of the value of output.
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 Estimates of meat production are based on milk production.

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 the Ministry of the estimates provided by consistency with 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.

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• _" ~ 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 Water Supply Authority.
The constant price estimates are extrapolated from the base year estimates on the basis of electricity sold and water supply.

the accounts of <I.

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. 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 The value of construction materials used as inputs is margins.

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 (based on SITC Rev.2 section 6 and 2) • 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, aqjustments 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 assum,4 to be a very small percentage of the total.

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

the HOTELS AND REST~URANTS The value added estimates are obtained by the income approach.

The main sources of data are the accounts at the Inland Revenue Office.
To cover small hotels and restaurants the above is adjusted by 5%.

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

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 fishing, For the Ministry of Agriculture Fisheries Division 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 1977 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 one private company and the government engaged in quarrying.

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,interest, rent, depreciation and 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 small scale industries and handicrafts are assumed to be 10% of the total value The constant price estimates are worked out by added.
extrapolating the base year estimate on the basis of quantities of manufacturing output.

The contribution of 10 • ~ , 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.

AIR TRANSPORT This sector covers LIAT, air travel and airport administration.
The income of travel agents airport 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.

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 account:s 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 an average rate of interest index extrapolated from base year figures and for insurance the deflator was based on a combined (85: 15 weights), of car and property insurance rates.
index 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 One month's rent is subtracted as cost of repairs and house.

11 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 estimates.

The constant price value added for 1979 has been adjusted downwards on account of destruction of houses by Hurricane David.

The Roseau Market Authority is engaged in real estate.

The contribution is based on compensation of employees.
the total Consumer Price is very small as to value added Index -- .. GOVERNM~NT 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 and remuneration.
The constant price series is derived on the basis of population growth, and the current price series obtained by inflating the above with the Consumer Price Index.

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 in a single line, and not allocated to individual from the GDP sectors.
The constant price estimates are obtained by using an average interest rate index extrapolating base year figures, as was the case for the Banking Sector.

~ 12 ANALYSIS OF THE PERFORMANCE Oli' THE DOl\fiNICA ECONOMY - 1994 (fhe Dominica Economy grew by 1.84 percent) OVERVIEW: The Dominica economy grew by 1.84 percent in real terms in 1994, despite a 3.36 percent and a 9.62 percent drop within the agriculture and manufacturing sectors, respectively.
At the same time, there was steady growth within the Electricity & Water sector (8.64%), Hotel and Restaurant sector (6.56%), Transport sector(3.51 %), Construction sector(8.37%), Communication sector (13.95%), Mining and Quarrying (5.59% )and the Wholesale & Retail sector (6.14%).

The rate of inflation as measured by the Consumer Price Index (CPI) stood at 1.61 percent, an almost identical rate when compared with 1993 inflation figure of 1.60 percent.
Export earnings were estimated to have risen by about 5.76 percent, whilst import levels increased, only slightly above 1993 total import bill, by 1.98 percent.

Visitor arrivals (excluding cruiseship visitors) into Dominica increased by 11.28 percent, with cruiseship visitors up 42.93 percent for all of 1994.

CONSUMER PRICES: A 1.61 percent increase was recorded in the Consumer Price Index in 1994 over 1993.
Throughout the year the monthly movement in the All Item Index were· either negative or reflected increases of less than one percent, with the exception of the month of July.

In July, a high of 1.02 percent was registered as a result of a sharp 14.64 percent increase in the sub-group index of Vegetables & Fruits.
Comparing prices of July 1984 and July 1994, it could be concluded that there was a 50 to 90 percent price increase in local beef, pot fish, tuna, cheese, carrots, beans, melons, coca-cola, ham-sandwiches, cigarette, rent, radio-recorders, women's shoes, toothpaste and television fees.

Price increases of over 100 percent were noted for such items as, salted fish, whisky, water rates, women's clothing, girls dresses, doctors fees, pre-school fees and vehicle licenses.
Eggs, cooking oil, rice, tomato ketchup, telephone rates, refrigerators, black & white television sets and petrol registered price increases of less than 10 percent.

AGRICULTURE SECTOR: The agriculture sector registered negative real growth for the second consecutive year.

This expected decline is as a result of the continued downward trend of the banana industry.
Banana exports, according to Dominica Banana Marketing Cooperation reports, fdl by 22.90 percent, moving from 55,486 tonnes in 1993 to 42,780 tonnes in 1994.

Although the average green wholesale price increased by 8.75 p~rcent, total revenue from banana export fell by EC$9.79 million, a drop from EC$65.42 million in 1993 to EC$55.63 million in 1994.

The overall output for the agriculture sector declined by 3.36 percent, with agriculture's contribution to real GDP for 1994 standing at 22.44 percent.
The livestock, forestry and fishing sectors contributed 1.67%, 0.78% and 1.77% respectively, to real GOP.

• 13 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 sometimes 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 2.80 percent.
In addition, this sector recorded the fourth largest increase in real GDP among the other sectors of the economy, growing by 6.56 percent when compared with 1993.

Tourist arrivals (stay over visitors) into Dominica increased by 8.8 percent in 1994, moving from 51,937 arrivals in 1993 to 56,522 in 1994.

Fifty- five percent of tourist arrivals originated from the Caribbean region, with twenty-nine percent coming from the French West Indies.
Europe accounted for twenty-two percent, whilst seventeen percent came from the United States.

MANUFACTURING SECTOR: The manufacturing sector faced the largest decline in the economy during 1994.

A 9.62 percent drop was fueled by a slide in production of banana boxes, which accounts for about twenty-five percent of total production in this sector.

The other major manufactured products such as paints, soap, toiletries, and cigarettes showed steady but small changes over 1993 totals.
At the same time manufacturing contributed 6.68% to overall real GDP.

CONSTRUCTION, MINING AND QUARRYING SECTOR: The number of construction starts at the end of 1994 stood at 177, with a corresponding value of EC$46.6 million compared with 182 starts and a value of EC$32.8 million in 1993.
As reported by the Physical Planning Division, a major portion (84 %) of construction activity occurred in private residential buildings, while commercial & residential buildings and industrial, institutional & other areas accounted for 8% each.

Construction contributed 7.90 percent to GDP and grew by 8.37 percent, the third highest rate for 1994.

Mining & Quarrying a sector which generally moves in the same direction as the construction sector, recorded real growth of 5.59% over 1993.
This puts mining & quarrying contribution to real GOP at 0.79 percent.

BANKING AND INSURANCE SECTOR: This sector continues to be the third largest contributor to GDP, after agriculture and government services.

Its overall contribution to GDP was 12.57 percent in 1994.

The sector had 1.15 percent real growth, due to stable insurance rates and more restrictive lending policies by commercial banks.
ELECTRICITY AND WATER SECTOR: During 1994, the percentage contribution of this sector to real GDP was 3.40 percent, with a growth rate of 8.64 percent, the second highest real growth recorded for 1994.

This growth is as a direct result of the implementation of the metered water system and increases in water and electricity rates.
14 TRANSPORT AND COMMUNICATION SECTOR: The communication sector continues to expand due to technological improvements and more cost-effective operations, within the sector itself.

This sector registered real growth of 13.95 percent, the highest in the economy and contributed 8.82 percent to real GDP.

Transport expands as it is a sector that benefits from real growth in areas such as tourism and construction.
The sector recorded real growth of 3.51 percent and contributed on average 9.78 percent to real GDP.

WHOLESALE AND RETAIL SECTOR: Not unlike the transport sector, the wholesale and retail sector feeds off the gains made in the construction and tourism industries.

For 1994 wholesale and retail recorded a 6.56 percent real growth and contributed 11.66 percent to real GDP.
Central Statistical Office • 15 TABLE 1 Agriculture Crops Livestock Forestry Fishing COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CURRENT PRICES (EC$ MILLION) 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 199;t 48.48 49.78 52.50 56.80 62.39 76.64 84.46 90.83 80.94 9249 96.91 98.45 98.85 97.54 38.78 38.96 40.67 43.41 48.88 63.63 70.63 76.34 66.18 n.66 Mining & Quarrying 1.30 1.40 1.33 1.50 1.46 1.38 1.76 2.57 2.91 3.08 3.03 3.31 3.44 3.72 Manufacturing 10.23 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 Electricity & Water 4.88 5.00 5.23 5.92 624 6.68 7.39 8.97 10.04 11.18 11.49 17.19 18.87 20.50 Construction 14.56 13.69 12.58 17.17 15.00 11.82 14.42 21.05 24.97 28.16 31.09 32.51 3435 37.23 Wholesale & Retail Trade 13.39 13.79 14.12 14.68 21.08 25.80 30.24 33.21 38.59 41.07 44.36 48.11 50.14 Hotels & Restaurants 1.31 1.56 1.86 2.21 2.62 305 3.81 4.n 5.00 7.63 8.82 10.05 1256 13.38 Transport Road Transport Sea Transport Air Transport Communications 12.80
Banks & Insurance 922 9.68 11.73 16.70 18.33 19.83 22.06 28.56 34.61 41.65 47.21 48.63 50.79 53.52 Real Estate & Housing 8.05 8.61 9.13 941 9.71 10.18 10.99 11.54 12.66 13.51 14.74 16.40 16.68 17.29 Government Services 35.41 37.05 40.63 47.05 50.12 54.36 57.63 59.52 66.98 69.Q1 80.64 80.07 84.54 87.62 Other Services 1.91 2.18 2.31 2.40 2.49 2.66 2.91 3.08 3.63 3.90 4.21 4.39 474 4.88 Less Imputed Service Charge 7.20 7.23 7.38 10.03 9.87 10.36 12.05 15.39 21.11 28.11 34.44 34.79 35.09 36.84 TOTAL 152.91 163.60 180.42 202.69 223.28 253.27 283.63 319.22 337.56 36984 407.36 436.70 457.04 475.112 GROWTH RATE 6.38 6.99 10.28 12.34 10.16 13.43 11.99 12.55 5.75 9.56 10.14 7.20 4.66 3.93 SOURCE: Dominica Central Statistical Office IOECSIEAS 1994 Data Provisional April 1995 16 TABLE 2 Agriculture Crops Livestock Forestry Fishing COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CONSTANT 1990 PRICES (EC$ MILLION) 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 76.44 77.39 77.53 82.47 79.1:~ 91.89 95.41 101.44 86.61 92.49 92.49 94.65 94.42 91.25 63.52 64.62 64.65 68.69 63.7:!
76.16 79.30 84.85 70.09 77.66 76.82 78.11 77.71 74.09 4.11 2.46 6.35 4.46 2.52 5.79 4.50 2.52 5.86 4.59 5.4;' Mining & Quarrying 1.52 1.64 1.62 2.05 2.11 2.00 2.32 2.85 3.01 3.08 2.60 2.92 3.04 3.21 Manufacturing 15.99 18.43 18.79 17.59 19.8!1 20.74 21.97 24.2 25.66 26.43 27.49 29.60 30.04 27.15 Electricity & Water 6.11 6.17 6.58 7.08 7.56 7.99 8.56 9.22 9.91 11.18 11.92 13.15 12.73 13.83 Construction 17.92 15.56 14.69 20.70 18.45 1558 17.56 22.93 24.19 28.16 28.70 28.50 29.64 32.12 Wholesale & Retail Trade 25.22 25.16 24.68 25.01 27.27 30.00 33.40 36.08 39.48 41.07 42.30 43.48 44.66 47.40 • Hotels & Restaurants 2.97 3.26 3.73 3.83 3.70 4.17 4.57 5.2B 5.52 7.63 8.82 9.02 10.67 11.37 Transport Road Transport Sea Transport Air Transport Communications 16.42 18.09 21.54 22.85 24.68 27.36 28.9B Banks & Insurance 28.64 28.79 28.94 29.54 31.03 31.97 33.56 36.44 38.82 41.65 48.88 47.81 50.55 51.13 Real Estate & Housing 11.48 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 Government Services
 56.68 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 Other Services 2.88 3.06 311 3.16 3.21 3.32 3.42 3.55 3.76 3.9 3.98 4.06 4.31 4.37 Less Imputed Service Charge 14.51 14.56 14.65 15.25 16.0;;~ 16.51 17.32 21.24 24.27 28.11 36.03 36.40 36.18 37.07 TOTAL 25S.30 262.44 267.93 282.29 287.05 306.69 327.55 351.72 347.78 369.84 378.31 389.10 399.31 40S.66 GROWTH RATE 6.41 2.40 2.09 536 1.69 6.84 6.80 7.38 -1.12 6.34 2.29 2.85 2.62 184 SOURCE: Dominica Central Statistical Office
 /OECS/EAS [1994 Data Provisional] APRIL 1995 1 7 TABLE 3 COMMOmVEALTH OF DOMINICA EXPENDITURE ON GROSS DOMESTIC PRODUCT IN CURRENT PRICES AT PURCHASERS' VALUE (EC$ MILLlOM) 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994.­ TOTAL CONSUMPTION 197.02 189.54 197.13 232.72 252.87 250.36 297.99 332.81 381.70 395.11 434.00 457.51 488.03 505.41 Private General Government GROSS CAPITAL FORMATION Land Development Transport Equipment Other Equipment Construction Increase in Stock GOODS AND NON­ FACTOR SERVICES Exports of Goods Eports of NSF Imports of Goods Imports ofNSF -78.90 -55.10 -41.90 -79.50 -62.31 -15.27 -38.18 -65.21 -138.26 -129.23 -100.63 -99.29 -121.95 -131.89 51.78 66.01 74.17 89.23 76.77 117.20 129.50 150.00 125.00 151.36 147.26 147.34 127.30 .
118.3G 10.04 14.19 14.63 17.17 .20.50 GDP AT MARKET PRICES 178.79 194.54 215.80 242.59 266.18 302.60 341.14 388.17 41411 449.07 48734 519.20 537.86 558.74 Indirect Taxes Subsidies 30.78 33.14 37.18 42.10 44.56 51.18 59.28 70.80 78.49 8065 81.63 84.25 83.63 87.12 4.90 2.20 1.80 2.20 1.66 1.85 1.77 1.85 1.94 1.43 1.85 1.75 2.81 3.40 GDP AT FACTOR COST 152.91 163.60 180.42 202.69 223.28 253.27 283.63 31922 337.56 389.84 407.36 438.70 45704 475.02 SOURCE: CSOIOECSIEAS 1993/94 Data Provisional ."
18 TABLE 4 A: INCOME COMMONW'EALTH OF DOMINICA GROSS NATIONAL DISPOSABLE INCOME, APPROPRIATION AND CAPITAL FINANCE IN CURRENT PRICES (EC$ MILLION) 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 GDP AT FACTOR COST 152.91 163.60 180.42 202.69 223.28 253.27 283.63 319.22 337.56 369.84 407.36 436.70 457.04 475.02 Net Indirect Taxes 25.88 30.94 35.38 39.90 42.90 49.33 57.51 68.95 76.55 79.23 79.98 82.50 80.82 83.72 GDP AT MARKET PRICES 178.79 194.54 215.80 242.59 266.18 302.60 341.14 388.17 414.11 449.07 487.34 519.20 537.86 558.74 Net Factor Income from Abroa 1.62 0.54 1.08 -2.70 -3.40 -6.51 -6.33 -4.22 -10.77 -13.34 -20.69 -19.87 -17.85 -21.35 GROSS NATIONAL PRODUC 180.41 195.08 216.88 239.89 262.78 ~'9609 334.81 383.95 403.34 435.73 466.65 499.33 520.01 537.39 Net Transfers from Abroad 15.70 28.60 23.00 17.01 17.55 18.09 20.50 22.70 31.60 34.49 34.32 33.02 36.97 38.79 " GROSS NATIONAL • DISPOSABLE INCOME B: APPROPRIATION 196.11 223.68 239.88 256.90 280.33 314.18 355.31 406.65 434.94 470.22 500.97 532.35 556.98 576.18 Private Final Consumption 151.55 141.79 144.86 172.49 192.78 188.29 229.84 257.78 294.99 303.25 331.50 354.31 375.80 392.37 Government Final Consumption 45.47 47.75 52.27 60.23 59.89 62.07 68.15 75.03 86.71 91.86 102.50 103.20 112.23 113.04 Total Consumption 197.02 189.54 197.13 232.72 252.67 250.38 297.99 332.81 381.70 395.11 434.00 457.51 488.03 505.41 GROSS NATIONAL SAVING -091 34.14 42.75 24.18 27.66 63.82 57.32 7384 53.24 75.11 66.97 74.84 68.95 70.77 C: CAPITAL FINANCE
 Gross Capital Formation .
Gross Natinal Saving 60.67 60.10 60.57 89.37 75.82 67.51 79.33 120.57 170.67 183.19 153.97 160.98 171.78 185.22 -0.91 34.14 42.75 24.18 27.66 63.82 57.32 73.84 53.24 75.11 66.97 74.84 68.95 70.77 • FORIEGN SAVING 61.58 25.96 17.82 65.19 48.16 3.69 22.01 46.73 117.43 108.08 87.00 86.14 102.83 114.45 19 TABLE 5 COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CURRENT PRICES 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 .. Agriculture Crops Livestock Forestry Fishing Mining & Quarrying 0.85 0.86 0.74 0.74 0.65 0.54 0.62 0.81 0.86 0.83 0.74 0.76 0.75 0.78 Manufacturing 6.69 8.18 7.83 6.10 6.44 6.66 6.43 6.58 7.27 7.15 7.54 8.14 8.21 7,42 Electricity & Water 3.19 3.06 2.90 2.92 2.79 2.64 2.61 2.81 2.97 3.02 2.82 3.94 4.13 4.32 Construction 9.52 8.37 6.97 8.47 6.72 4.67 508 6.59 7.40 7.61 7,63 7.44 7.52 7.84.
Wholesale & Retail Trade 8.76 8.43 7.83 7.24 9.44 10.19 10.66 10.40 11.43 11.10 10.89 11.02 10.97 11.40 Hotels & Restaurants 0.86 0.95 1.03 1,09 1.17 1.20 1.34 1.49 1.48 2.06 2,17 2.30 2.75 2.82 Transport Road Transport Sea Transport Air Transport Communications Banks & Insurance 6,03 5.92 6.50 8.24 8.21 7.83 7.78 8.95 10.25 11.26 11,59 11.14 11.11 11.27 Real Estate & Housing 5.26 5.26 5.06 4.64 4.35 4.02 3.87 3.62 3.75 3.65 3.62 3.76 3.65 3.64 Government Services 23.16 22.65 22.52 23,21 22.45 21,46 20.32 18.65 19.84 18.66 19,80 18.34 18.50 18.45 Other Services 1.25 1.33 1.28 1.18 1.12 1.05 1.03 0.96 1.08 1,05 1.03 1.01 1.04 1.03 Less Imputed Service Charge 4.71 4.42 4.09 4.95 4.42 4.09 4.25 4.82 6.25 7.60 8.45 7.97 7.68 • 776 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 .. Agriculture Crops Livestock Forestry Fishing COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CONSTANT PRICES 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 29.82 29.49 28.94 29.21 27.56 29.96 29.13 28.84 24.90 25.01 24.45 24.33 23.65 22.44
Mining & Quarrying 0.59 0.62 0.60 0.73 0.74 0.65 0.71 0.81 0.87 0.83 0.69 0.75 0.76 0.79 Manufacturing 6.24 7.02 7.01 6.23 6.93 6.76 6.71 6.88 7.38 7.15 7.27 7.61 7.52 6.68 Electricity & Water 2.38 2.35 2.46 2.51 2.63
 2.61 2.61 2.62 2.85 3.02 3.15 3.38 3.19 3.40 Construction 6.99 5.93 5.48 7.33 6.43 5.08 5.36 6.52 6.96 7.61 7.59 7.32 7.42 7.90 Wholesale & Retail Trade 9.84 9.59 9.21 8.86 9.50 9.78 10.20 10.26 11.35 11.10 11.18 11.17 11.13 11.66 Hotels & Restaurants 1.16 1.24 1.39 1.36 1.29 1.36 1.40 1.50 1.59 2.06 2.33 2.32 2.67 2.80 Transport Road Transport Sea Transport Air Transport Communications e.67 6.40 7.50 8,12 7.88 8.82 Banks & Insurance 11.17 10.97 10.80 10.46 10.81 10.42 10.25 10.36 11.16 11.26 12.92 12.29 12.66 12.57 Real Estate & Housing 4.48 4,40 4.39 4.21 4.18 396 3.78 3.62 3.77 3.65 3.64 3.57 3.49 3.50 Government Services .. Other Services 22.11 22.25 22.12 21.42 21.59 20.40 19.58 18.78 19.22 18.66 18.52 18.01 17.93 17.72 1.12 1.17 1.16 1.12 1.12 1.08 1.04 1.01 1.08 1.05 1.05 1.04 1.08 1.07 Less Imputed Service Charge 5.66 5.55 5.47 5.40 5.58 5.38 5.29 6.04 6,98 7.60 9.52 9.35 9.06 9.12 TOTAL 100.00 100.00 10000 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 RATE OF GROWTH OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY AT FACTOR COST IN
 CURRENT PRICES 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1894 10.06 5.64 2.68 0.46 5.46 4.39 8.19 9.84 22.84 10.20 7.54 -10.89 14.27 6.74 12.60 30.18 11.00 8.08 -13.31 17.35 4.78 4.37 1.59 0.41 -1.33 0.16 -0.52 -2.75 33.90 16.n 17.07 0.69 8.05 7.02 87.37 12.38 0.00 5.00 -22.86 -32.10 8.55 8.18 5.13 3.36 2.96 8.13 6.09 6.06 2.50 4.51 2.52 12.63 -3.25 5.03 12.14 37.89 15.08 3.n 3.63 5.01 -1.59 -6.62 10.03 13.84 0.64 1.87 9.94 5.83 1.83 5.65 Mining & Quarrying 11.11 7.69 -5.00 12.78
 -2.67 -5.48 27.54 46.02 13.23 5.84 -1.62 9.24 3.93 8.14 Manufacturing 47.62 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 Electricity & Water 40.63 2.46 4,60 13.19 5.41 7.05 10.63 21.38 11.93 11.35 2.77 49,61 9.77 8.64 Construction -21.21 -5.98 -8.11 36.49 -12.64 -21.20 22.00 45.98 18.62 12.78 10.40 4.56 5.66 8.38 Wholesale & Retail Trade 1.75 2.99 2.39 3.97 43.60 22.39 17.21 9.82 16.20 6.43 8.01 8.46 4.21 "8.00 Hotels & Restaurants 7.38 19.08 19.23 18.82 18.55 16.41 2492 25.20 4.82 52.60 15.60 13.95 24.98 ~.53 Transport Road Transport Sea Transport Air Transport Communications -8.56 22.84 48.66 17.37 13.04 17.85 12.34 14.05 1.10 18.86 11.11 12.36 -13.82 24.24 48.69 7.13 17.45 18.80 10.16 13.99 -2.37 12.40 5.32 14.84 6.56 5.03 3.51 5.01 -2.65 20.23 50.16 29.98 4.31 17.81 16.46 13.44 1.94 28.26 20.39 10.45 1198 2.68 50.00 21.43 39.22 74.65 18.55 10.20 12.96 17.49 26.51 26.47 10.17 6.33 -7.20 -2.41 110.74 46.18 57.52 22,82 5.86 15.43 41.57 26.37 20.40 1.24 19.97 11.54 -0.47 17.23 Banks & Insurance 2.56 4.99 21.18 42.37 9.76 8.18 11.25 29.47 21.18 20.34 13.35 3.01 4.44 5.38 Real Estate & Housing 12.12 6.96 6,04 3.07 3.19 4.84 7.96 5.00 9.71 6.71 9.10 11.28 1.69 3.66 Government Services 4.95 4.63 9.66 1580 6.52 8.46 6.02 3.28 12.53 3.03 16.85 -0.71 5.58 3.64 Other Services 17.90 14.14 5.96 3.90 3.75 6.83 9.40 5.84 17.86 7.44 7.95 4.30 7.95 ~95 Less Imputed Service Charge 6.51 0.42 2.07 35.91 -1.60 4.96 16.31 27.72 37.17 33.16 22.52 1.02
 0.86 4.99 TOTAL 6.38 6.99 10.28 12.34 10.16 13.43 11.99 12.55 5.75 9.56 10.14 7.20 4.66 3.93 22 TABLE 8 Agriculture Crops Livestock Forestry Fishing COMMONWEALTH OF DOMINICA RATE OF GROWTH OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY AT FACTOR COST IN CONSTANT PRICES 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 19.21 19.53 1.24 1.73 33.01 8.52 45.56 2.44 0.18 0.05 0.90 0.00 6.37 -4.016 16.14 3.83 6.32 -14.62 6.79 0.00 2.34 -a.24 -3.36 6.25 -7.24 19.52 4.12 7.00 -17.40 10.80 -1.08
 1.68 -a.51 -4.66 2.00 19.17 5.12 1.98 2.7,2 -3,03 2.78 1.17 2.03 Ul3 1.00 1.89 2.96 3.35 3.19 2.47 0.60 1.80 2.52 8.07 0.97 2.42 -8.82 1.21 12.97 10.1:2 1.78 2.56 4.07 -2.27 -25.32 9.86 7.56 1.46 1.61 4.04 Mimng & Quarrying 2.70 7.89 -1.22 26.54 2.9,3 -5.21 16.00 22.84 5.61 2.33 -15.58 12.31 4.11 5.59 Manufacturing 17.75 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 Electricity & Water 8.33 0.98 6.65 7.60 6.7,8 5.69 7.13 7.71 7.48 12.82 6.62 10.32 -3.19 8.64 Construction -15.27 -13.17 -5.59 40.91 -10.8'7 -15.56 12.71 30.58 5.49 16.41 1.92 -0.70 4.00 8.37 Wholesale & Retail Trade 5.39 -0.24 -1.91 1.34 9.04 10.01 11.33 8.02 9.42 4.03 2.99 2.79 2.71 6.14 Hotels & Restaurants -3.26 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 Transport Road Transport Sea Transport Air Transport Communications -10.86 10.17 19.07 6.08 8.01 10.86 5.92 9.45 0.57 13.42 -3.43 5.09 4.63 3.51 -23.91 16.19 25.68 1.96 15.42 9.91 2.13 7.95 -2.64 4.07 3.01 3.02 2.50 4.98 22.76 0.00 8.73 14.75 -3.813 14.41 13,38 6.87 4.29 31.55 -15.23 9.59 12.03 2.63 -4.90 10.29 9.33 8.54 -3.93 5.85 11.60 34.16 11.07 14.29 3.20 3.38 -7.08 -2.35 24.31 11.48 8.61 5.61 10.71 11.33 38.11 10.ot 13.50 1.94 19.95 11.38 -0.47 13.95 Banks & Insurance 2.29 0.52 0.52 2.07 5.04 3.03 4.97 8.58 6.53 7.29 17.36 -2.19 5.73 1.15 Real Estate & Housing 1.77 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 Government Services 3.98 3,02 1.51 2.01 2.48 1.00 2.51 2.98 1.21
 322 1.54 0.00 2.18 0.63 Other Services 1.05 6.25 1.63 1.61 158 3.43 3.01 3.80 5.92 3.72 2.05 2.01 6.16 1.39 Less Imputed Service Charge 3.27 0.34 0,62 4.10 5.05 3.06 4.91 22.63 14.27 15.82 28.18 1.03 -0.60 2.46 -.
TOTAL 6.41 2.40 2.09 5.36 1.69 6.84 6.80 7.38 -1.12 6,34 2.29 2.85 2.62 1.84 23 TABLE 9 COMMONWEALTH OF DOMINICA PERCENTAGE CHANGE OF EXPENDITURE ON GDP IN CURRENT PRICES 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 .. TOTAL CONSUMPTION 3.15 -3.80 4.00 18.05 8.57 -0.91 19.02 11.68 14.69 3.51 9.84 5.42 6.67 3.56 Private General Government GROSS CAPITAL FORMATION Land Development Transport Equipment Other Equipment Construction Increase in Stock GOODS AND NON­ FACTOR SERVICES Exports of Goods Eports of NSF Imports of Goods Imports ofNSF 2.77 -6.44 2.17 19.07 11.76 -2.33 22.07 12.16 14.43 2.80 9.32 4.43 5.01 9.47 15.23 -0.56 3.64 9.80 10.10 15.57 5.94 11.58 6.88 0.68 6.07 8.75 4.41 0.72 -25.26 -0.92 0.78 47.55 -15.16 -10.96 17.51 51.99 41.55 7.34 -15.95 4.55 6.71 7.83 149.66 43.37 -18.30 -2476 -11.91 -8.90 9.77 121.71 9.31 -45.81 43.90 13.75 -21.69 -46.51 -50.35 10.68 19.86 150.41 -38.86 -27.36 58.55 77.04 32.79 11.23 -30.55 6.96 6.56 3.51 8.05 -4.56 22.69 33.48 3.60 17.50 -2.80 37.51 72.18 8.66 -42.33 9.25 15.35 14.32 -21.25 -5.93 -8.10 36.48 -12.62 -21.25 22.02 45.99 18.64 12.79 10.41 0.08 4.00 8.38 -100.00 -23.85 4.04 18.83 15.20 15.04 -29.93 -30.16 -23.96 89.74 -21.62 -75.49 136.94 80.24 112.02 -6.53 -22.13 -1.33 22.82 8.15 96.81 27.53 12.36 -6.66 10.89 52.66 10.49 15.83 -16.67 21.09 -2.71 0.05 -13.60 -7.07 14.09 41.33 3.10 17.36 19.39 75.51 27.90 20.34 16.68 29.25 19.80 6.05 15.45 -6.78 -4.41 -5.05 28.26 -4.30 -11.14 19.73 31.23 22.24 10.09 -7.19 1.07 9.31 71.43 7.73 26.44 9.01 4.08
 250.10 47.77 17.55 17.59 14.41 4.82 2.28 -6.16 7.24 2.08 4.54 GDP AT MARKET PRICES 12.04 8.81 10.93 12.41 9.72 13.68 12.74 13.79 6.68 8.44 8.52 6.54 3.59 3.88 Indirect Taxes Subsidies 28.63 7.67 12.19 13.23 5.84 14.86 15.83 19.43 10.86 2.76 1.20 3.21 -0.74 4.17 -39.51 -55.10 -18.18 22.22 -24.55 11.45 -4.32 4.52 4.86 -26.29 15.38 6.06 60.57 21.00 GDP AT FACTOR COST 6.38 6.99 10.28 12.34 10.16 13.43 11.99 12.55 5.75 9.56 10.14 7.20 4.66 3.93 .'
24 TABLE 10 Agriculture Crops Livestock Forestry Fishing COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT DEFLATORS BY ECONOMIC ACTIVITY, AT FACTOR COST Mining & Quarrying 85.53 85.37 82.10 73.17 69.19 69.00 75.86 90.18 96.68 100.00 116.54 113.36 113.16 115.89 Manufacturing 63.98 72.65 75.15 70.27 72.25 81.39 83.07 86.74 95.60100.00111.71120.10124.9312991 Electricity & Water 79.87 81.04 79.4B 83.62 82.54 83.60 86.33 97.29 101.31 100.00 96.39 130.72 148.23 148.23 Construction 81.25 87.98 85.64 82.95 81.30 75.87 82.12 91.80 103.22 100.00 108.33 114.07 115.89 115.91 Wholesale & Retail Trade 53.09 54.81 57.21 58.70 77.30 86.00 90.54 92.05 97.75 10000 104.87 110.65 112.27 114.24 Hotels & Restaurants 44.11 47.85 49.87 57.70 70.81 73.14 8337 90.34 90.58100.00100.00111.42117.71117.68 Transport Road Transport Sea Transport Air Transport Communications 50.12 55.89 69.78 77.20 80.79 85.89 91.1 0 94.92 95.42 100.00 115.05 123.00 125.27 125.27 55.45 59.29 70.14 73.70 75.00 81.06 87.44 92.33 92.59 100.00 102.24
 113.97 116.78 116.82 45.81 55.08 76.07 86.14 93.46 96.23 98.85 104.93 102.57 100.00 142.03 143.15 143.09 143.16 30.B8 3400 43.29 69.66 85.96 89.50 90.59 79.34 90.37 100.00 106.76 109.81 109.68 109.61 36.77 48.21 69.92 81.32 77.75 80.61 82.63 94.91 100.69 100.00 100.02 100.16 100.16 103.04 Banks & Insurance 32.19 33.62 40.53 5653 59.07 6203 65.73 7B.38 89.16 100.00 96.58 101.72 100.47 104.67 Real Estate & Housing 70.12 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 Government
 Services 62.47 63.45 68.55 77.82 80.89 86.86 89.84 90.10 100.18 100.00 115.08 114.27 118.07 121.61 Other Services 66.32 71.24 74.28 75.95 77.57 80.12 85.09 86.76 96.54 100.00 105.78 108.15 109.98 111.67 "­ Less Imputed Service Charge 49.62 49.66 50.38 65.77 61.61 62.75 69.57 72.46 86.98 100.00 95.59 95.58 96.99 99.38 TOTAL 59.66 62.34 67.34 71.80 77.78 82.58 86.59 90.76 97.06 100.00 107.68 112.23 114.46 116.81 25 TABLE 11 COMMONWEALTH OF DOMINICA INDEX OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CURRENT PRICES • 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Agriculture Crops Livestock Forestry Fishing 128.06143.88143.88151.08116.55 79.14 85.61 88.49 95.68 100.00 102.52 115.47 117.63 119.78 51.56 54.15 60.73 83.74 96.37 100.00 103.63 108.82 107.09 100.00 110.03 125.26 137.72 145.50 Mining & Quarrying 42.21 45.45 43.18 48.70 47.40 44.81 57.14 83.44 94.48 100.00 98.38 107.47 111.69 120.78 Manufacturing 38.71 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 Electricity & Water 43.65 44.72 46.78 52.95 55.81 59.75 66.10 80.23 Construction 51.70 48.62 44.67 60.97 53.27 41.97 51.21 74.75 88.67 100.00 110.40 115.44 121.98 132.:?1
 Wholesale & Retail Trade 32.60 33.58 34.38 35.74 51.33 62.82 73.63 80.86 93.96 100.00 108.01 117.15 122.08 131.85 Hotels & Restaurants 17.17 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 Transport Road Transport Sea Transport Air Transport Communications 22.75 27.94 41.54 48.76 55.11 64.95 72.97 83.22 84.13100.00111.11124.84133.03137.70 26.28 32.65 48.55 52.01 61.08 72.57 79.94 91.12 88.97 100.00 105.32 120.94 12703 133.40 20.08 24.14 36.25 47.11 49.14 57.89 12.21 14.83
Banks & Insurance 22.14 23.24 28.16 40.10 44.01 47.61 52.97 68.57 83.10 100.00 113.35 116.76 121.94 128.50 Real Estate & Housing 59.59 63.73 67.58 89.65 71.87 75.35 81.35 85.42 93.71 100.00 109.10 121.41 123.46 127.98 Govemment Services 51.31 53.69 58.88 68.18 72.63 78.77 83.51 86.25 97.06 100.00 118.85 118.03 122.50 126.97 .'
Other Services 48.97 55.90 59.23 81.54 63.85 88.21 74.62 78.97 93.08 100.00 107.95 112.59 121.54 125.13 Less Imputed Service Charge 25.61 25.72 26.25 35.68 35.11 36.88 42.87 54.75 75.10 100.00 122.52 123.76 124.83 131.06 ~ TOTAL 41.34 44.24 48.78 !
'4.80 60.37 68.48 76.69 86.31 91.27 100.00 110.14 118.08 123.58 128.44 25 TABLE 12 AgricuIL1Jre Crops Livestock Forestry Fishing COMMONWEALTH OF DOMINICA INDEX OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, AT FACTOR COST IN CONSTANT PRICES Mining & Quarrying 49.35 53.25 52.60 66.56 68.51 64.94 75.32 92.53 97.73 100.00 84.42 94.81 98.70 104.22 Manufacturing 60.50 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 Electricity & Water 54.65 55.19 58.86 63.33 67.62 71.47 76.57 82.47 88.64 100.00 106.62 117.62 113.86 123.70 Construction 63.64 55.26 52.17 73.51 55.52 55.33 62.36 81.43 85.90 100.00 101.92 101.21 105.26 11406 Wholesale & Retail Trade 61.41 61.26 6009 6090 66.40 7305 81.32 87.85 96.13 100.00 102.99 105.87 108.74 115.41 Hotels & Restaurants 38.93 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 Transport Road Transport Sea Transport Air Transport Communications 45.38 50.00 59.54 63.16 68.21 75.62 80.10 87.1:37 88.17 100.00
63.16 68.21 75.62 80.10 87.1: Banks & Insurance 68.76 59.12 69.48 70.92 74.50 76.76 80.58 87.49 93.21 100.00 117.36 114.79 121.37 122.76 Real Estate & Housing 84.97
 85.42 87.05 87.93 8882 89.85 91.64 94.30 9711 100.00 101.92 102.96 103.26 105.33 Government Services 82.13 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 - Other Services 73.85 78.46 79.74 81.03 82.31 85.13 87.69 91.03 96.41 100.00 102.05 104.10 110.51 112.05 Less Imputed Service Charge 51.62 51.80 52.12 54.25 56.99 58.73 61.62 75.56 86.34 100.00 128.18 129.49 128.71 131.87 TOTAL 69.30 70.96 72.44 76.33 77.61 82.93 88.57 95.10 94.04 100.00 102.29 105.21 107.97 109.96 7..7 TABLE 13 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT & ALLIED AGGREGATES IN CURRENT PRICES (EC$ MILLION) 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 GROSS DOMESTIC PRODUCT AT FACTOR COST 152.91 163.60 180.42 202.69 223.28 25327 283.63 319.22 337.56 369.84 407.36 436.70 457.04 475.02 NET INDIRECT TAXES Indirect Taxes Subsidies N ex> GROSS DOMESTIC PRODUCT AT MARKET PRICES NET FACTOR INCOME PAYMENTS FROM ABROAD GROSS NATIONAL PRODUCT AT MARKET PRICES 178.79 194.54 215.80 242.59 266.18 302.60 341.14 388.17 414.11 449.07 487.34 519.20 537.86 558.74 1.62 0.54 1.08 -2.70 -3.40 -6.51 -6.33 -4.22 -10.77 -13.34 -20.69 -19.87 -17.85 -21.35 180.41 195.08 216.88 239.89 262.78 296.09 334.81 383.95 403.34
 435.73 466.65 499.33 520.01 537.39 .. ',.
I • .. ,.

, .
TABLE 14 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT & ALLIED AGGREGATES IN CONSTANT (1990) PRICES (EC$ MilLION) 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 GROSS DOMESTIC PRODUCT AT FACTOR COST 256.30 262.44 267.93 282.29 287.05 306.69 327.55 351.72 347.78 369.84 378.31 389.10 399.31 406.66 NET INDIRECT TAXES bl Indirect Taxes Subsidies I'V I.D GROSS DOMESTIC PRODUCT AT MARKET PRICES NET FACTOR INCOME PAYMENTS FROM ABROAD b GROSS NATIONAL PRODUCT AT MARKET PRICES 299.68 312.07 320.47 337.87 342.21 366.43 393.97 427.69 426.65 449.07 452.59 462.60 469.92 478.33 2.25 0.72 1.38 -3.38 -4.17 -7.75 -7.19 -4.69 -11.11 -13.34 -19.62 -17.86 -17.57 -21.01 301.93 312.79 321.85 334.49 338.04 358.68 386.78 423.00 415.54 435.73 432.97 444.74 452.35 457.32 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) 81/82 82/83 83/84 84/85 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 Direct Taxes 15,990 16,615 18,839 22,448 25,781 23,691 28,702 27,539 32,328 36,812 43.567 39,830 38.294 Personal Income Tax Company Income Tax Other Direct Taxes
 Indirect Taxes 33,287 33,011 41,350 42,841 46,284 58,072 62,489 79,117 79,014 82.315 80.816 88,835 87,611 Import Duties Export Duties Consumption Tax Other Indirect Taxes 8.306 7,476 10,226 10,110 10,710 10,788 14,098 18.954 20.002 21,188 21.831 22,523 20,750 198 204 229 206
Property Income 380 821 1,009 888 1,353 772 1,152 889 1,315 1,132 2,911 2,833 4,315 Rent of Land Dividends Interest Current Transfers From Households Social Security Contributions 0 0 0 458 892 705 875 649 741 1,100 2,410 2,893 3,000 Profit Currency Authority 2,585 2,880 3.443 1,959 1,006 1,078 1,958 1,871 1,035 2,201 2,368 2,253 2,184 Profits Government Corp. 0 0 350 0 250 0 0 0 0 0 0 0 0 Surplus of Departmental Enterprises 997 690 276 447 (636) (696) (611) (249) (809) (920) (1,255) (744) (1.086) Total Recurrent Revenue 53.685 54,378 66.003 70,183 75,927 83,421 97,843 113,653 117.352 126,476 135,841 138,989 135,716 Figures for 1993/94 are revised estimates .. •· • 30 TABLE 16 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT EXPENDITURE (Thousand of East Caribbean Dollars) 81/8282/83 83/84 84/85 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 Personal Emoluments 37,591 34,927 38,389 41,302 46,117 47,799 51,451 56,370 58.977 71,703 68.520 76,960 79,539 Pensions & Gratuities 3,350 4,362 4,283 5,008 4,949 5,515 5,814 6,293 6,687 7,703
 7,570 8,744 8,900 Miscellaneous Goods & Services Less Fees & Sales Government Final Consumption Expenditure Current Transfer To: 5,582 5,707 6,492 6,850 7,776 7,385 10,487 7,937 8,346 10,092 13,170 10,701 13,223 Households Local Authorities Non Profit
 Making Bodies Abroad-Caricom Abroad- Non-Caricom Interest 3,898 4.663 6,284 7,290 7,653 6,845 6.587 7,429 6,834 8,078 10,008 12,138 12,500 Grants and Contributions 734 620 320 443 447 108 455 171 324 268 1,118 8,099 8,816 Subsidy 959 436 683 765 752 771 822 1,022 1,343 1,468 1,822 2,077 2,412 Total Expenditure 63,573 60,649 69,799 74,674 74,227 77,420 85,794 97,183 104,596 121,631 124,066 141,264 149,990 Surplus on Current Account (9,888) (6,273) (3,796) (4,511) 1,700 6,001 11,849 16,470 12,756 4,845 11,775 (2,275) (14,275) Figures for 1993/94 are revised estimates 31 TABLE 17 RECEIPTS COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF DEPARTMENTAL ENTERPRISES (Thousand of East Caribbean Dollars) 81/8282/83 83/84 84/85 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 Sale of Goods & Services 2.890 2,080 1.585 1.736 948 1,109 1.268 1.515 1,340 1,547 1,550 2,051 1,910 Miscellaneous Other Receipts 205 296 439 539 87 57 148 488 214 296 338 331 105 Total Receipts 3,0952,3762,0242,2751,0351,1661,4162,0031,554 1,843 1,888 2,382 2,015 EXPENDITURE Personal Emoluments 815 946 1,287 1,331 1,319 1,438 1,559 1,619 1,756 2,088
 2,309 2,357 2,403 Rent Paid 157 155 152 156 151 158 156 222 177 197 218 15 12 Other Operational Expenses 1,126 585 309 341 201 266 312 411 430 478 616 754 686 Surplus on Current Account 997 690 276 447 (636) (696) (611) (249) (809) (920) (1,255) (744) (1,086) Total Expenditure 2,098 1,686 1,748 1,828 1,671 1,862 2,027 2,252 2,363 2,763 3,143 3,126 3,101 Note: The Departmental Enterprises are: Airport Post Office Figures for 1993/94 are revised estimates .- ."
.. 11 32 TABLE 18 SOURCES OF FUNDS COMMONWEALTH OF DOMINICA CAPITAL ACCOUNTS OF CENTRAL GOVERNMENT (Thousand of East Caribbean Dollars) 81/8282/83 83/84 84/85 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 • 1.

Surplus on Current Account (9,888) (6,273) (3,796) (4,511) 1,700 6,001 11,849 16,470 12,756 4,845 11,775 (2,275) (14,275) 2.

Sale of land 3.
Sale of land 3.

Loan Receipts 38 513 392 415 571 2,283 3,523 6,482 368 2,945 4,000 5,613 2,904 7,748 14,709 10,338 10,347 6,89i' 5,416 15.302 9,913 37,767 25,688 24,731 4.115 7,291 4.

Loan Repayments o o 448 796 689 917 942 667 96 344 2,100 3.689 4.139 5.

Development Aid Funds 6,968 7.217 26,074 30,412 39,679 4,752 19,763 6,786 19.799 12,241 28,424 14,826 10,203 6.

BDA Grants o 0 7.

Other Grants 6,048 2,487 o o o o o o o o o o o o o o o o o o o o o o 8.

Borrowing 9.
Borrowing 9.

Finance of Capital Expenditure ., USES OF FUNDS 28,800 3,837 5.875 5,735 (4,968) (3,648) (3,286) 22.117 (5.440) 22,529 (25,283) 6.518 27,004 39.714 22,490 39,331 43,194 44,568 15,721 48,093 62,435 65,346 68,592 45,747 32,486 37,266 1.

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

Land Development 5,588 4,795 3,678 2,705 2,9Hl 2,202 6,088 7,709 3,310 4,074 6,543 2,922 2,146 3.
Construction Residential Buildings Non- Residential Buildings Other Transport Equipment 68 28 315 32 158 55 23 347 1,872 118 124 191 25 5.
Other Equipment 380 385 414 557 706 648 2,331 1,465 2,484 783 1,458 821 577 ".

6.

Purchase of Financial Assets 96 48 834 7 182 276 34 7,260 1,088 1,500 1,000 1,000 1,000 7.

Purchase of Buildings o 0 0 0 0 0 0 60 0 o o o o 8.

Sinking Fund and Repayment of Loans 1,342 3,324 2,852 2,583 2,481 3,616 7,222 4,583 4,763 5,055 6,163 8,662 9,483 9.
Total Capital Expenditure 39,714 22,490 39,331 43,194 44,568 15,721 48,093 62,435 65,346 68,592 45,747 32,486 37,266 33 TABLE 19 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT REVENUE AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 • Direct Taxes 10.46 10.16 10.44 11.08 11.55 9.35 10.12 8.63 9.58 9.95 10.69 9.12 8.38 Personal Income Tax Company Income Tax Other Direct Taxes Indirect Taxes 21.76 20.18 22.92 21.14 20.73 22.14 22.03 24.78 23.41 22.26 19,79 19.84 19.17 Import Duties Export Duties Consumption Tax Other Indirect Taxes Property Income Rent of Land Dividends Interest Current Transfers From Households '!
0.45 0.34 0.53 0.30 0.34 0.41 0.55 0.54 0,71 1.09 1.20 1.10 1.04 1.28 1.33 0.23 Social Security Contributions 0.00 0.00 0.00 0.23 0.31 0.28 0.31 0.20 0.22 0.30 0.59 0.66 0.66 Profit Currency Authority 1.69 1.64 1.91 0.97 0.45 0.42 0.69 0.59 0.31 0.60 0.58 0.52 0.48 Profits Government Corporations 0.00 0.00 0.19 0.00 0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Surplus of Departmental Enterprises 0.65 0.45 0.15 0.22 -0.28 -0.27 -0.22 -0.08 -0.24 -0.25 -0.31 -0.17 -0.24 .. Total Recurrent Revenue 35.11 35.56 36.58 34.62 34.01 32.94 34.43 35.60 34.76 34.20 33.35 31.83 29.69 Figures for 1993/94 are revised estimates 34 TABLE 20 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT EXPENDITURE AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT 198119831984198519861987 1988 1989 1990 199119921993 Personal Emoluments 24.58 21.28 20.38 20.65 18.87 18.14 17.66 1.98 19.39 16.82 17.62 17.40 Pension & Gratuities 2.19 2.37 2.47 2.22 2.18 2,05 17,66 17.47 2.08 1.86 2.00 1.95 Miscellaneous Goods & Services 8.08 8.15 7.25 5.62 6.25 6.08 6.32 6.98 6.61 6.70 6.92 7.07 Less Fees & Sales 0.59 0.75 0.83 2.69 2.70 2.49 1.72 0.70 0.58 1.33 1.76 1.69 Government Final Consumption Expenditure Current Transfer To: •~ _Household ,Local Authorities 'Non Profit Making Bodies Abroad-Caricom Abroad- Non-Caricom 0.27
Interest 2.55 3,48 3.60 3.43 2.70 2.32 2.33 2.02 2.18 2.46 2.78 2.73 Grants & Contributions 0.48 0.18 0.22 0.20 0.04 0.16 0.05 0.10 0.07 0.27 1.85 1.93 Subsidy 0.63 0.38 0.38 0.34 0.30 0.29 0.32 0.40 0.40 0.45 0.48 0.53 Total Expenditure 41.58 38.69 36.84 33.24 30.57 30.25 30.44 30.99 32.89 30.46 32.35 32.82 • 35 • ."
TABLE 21 THE BALANCE OF PAYMENTS OF DOMINCA SUMMARRY 1986-1994 1986 1987 CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT 1988 1989 CREDIT DEBIT 1990 CREDIT 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 Bunkers 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 na 4.50 1.60 5.34 1.80 3.54 15.20 3.80 11.40 6.30 3.37 na 10.40 4.20 11.85 0.90 10.95 28.90 260 6.50 3.96 35.32 2.75 na na na 6.00 6.27 na 42.39 5.60 9.64 8.52 55.16 11.90 10.06 9.61 na na na na 10· CAPIT AL AND FINANCIAL ACCOUNT 73.00 28.39 91.93 4828 88.32 40.98 142.03 18.88 136.50 20.87 A.
Capital Account Capital Transfers Acquisition & Disposition of Nonpro Nonproduce Non-Financial Assets B.
Financial Account Direct Investment Portfolio Investment Other Invesment Public Sector Long Term Loans Other Public Sector Capital Commercial Banks Other '... • OVERALL BALANCE FINANCING Change in SDR Holdings Change in Reserve Position with the IMF Change in Government Foreign Assets Change in Imputed Reserves - q.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.10 13.90 13.90 0.00 3.50 2.50 7.90 THE BALANCE OF PAYMENTS OF DOMINCA SUMMARRY 1986-1994 1991 CREDIT DEBIT 1992 CREDIT DEBIT 1993 CREDIT DEBIT 1994 CREDIT DEBIT 288.46 379.22 304.19 373.86 295.95 371.97 306.32 411.05 CURRENT ACCOUNT 251.18 341.06 268.07 338.11 254.39 336.04 258.D1 355.61 GOODS AND SERVICES 150.17 260.48 148.76 250.54 127.68 253.46 118.74 258.74 A Goods 150.00
 260.48 147.32 250.54 127.30 253.26 116.91 258.54 0.17 0.00 1.44 0.00 0.38 0.20 1.83 0.20 Merchandise Stores and Bunkers B.
Service Transportation Travel Insurance Service Financial Service Other Business Services Government Services 7.03 1.08 27.72 0.54 6.75 0.66 26.62 0.33 8.02 0.09 25.87 0.05 5.95 27.18 6.09 26.29 7.93 25.82 8.30 0.07 8.23 37.74 1.00 36.74 C. Income Compensation of Employees Investment Income 30.25 10.44 29.37 4.03 26.22 520 5.24 5.13 24.24 9.13 !l.53 3.60 33,54 10.06 40.01 17.70 D. Current Transfers 3.69 29.85 6.45 3.61 8.90 5.32 31.11 12.38 General Government Other Sectors 120.42 18.43 110.50 18.46 95.80 20.82 115.64 25.91 CAPITAL AND FINANCIAL ACCOUNT 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 -8.74 OVERALL BALANCE 12.00 3.26 FINANCING 0.00 0.00 0.00 12.00 0.00 2.16 1.10 0.00 Change in SDR Holdings Change in Reserve Position with the IMF Change in Government Foreign Assets Change in Imputed Reserves 37 , • • i ~ • I 1­ .. • TABLE 22 : COMMONWEALTH OFDOMINICA SELECTED ECOMONMIC INDICATORS ~~: '~'"i UNIT 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 CURRENT 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 w C0 CONST ANT PRICES GDP at Factor Cost GDP at lt4arket 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 Populationlb Value ofExports(FOB) Value of Imports(CIF) Construction Imports Consumer Price Index(July 1984=1(0) Implicit Deflator of GDP(1990=1(0) Govemment Recurrent Revenuela Govemment 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' EC$M EC$M EC$M EC$ EC$ EC$ EC$M EC$M EC$M EC$ EC$ EC$ '000 EC$M EC$M EC$M INDEX INDEX EC$M EC$M NO.
NO.

OOOK TONNE EC$M .
:,2,777 .• 3,070 3,496 3,927 4,436 4,708 5,177 5.723 6,101 8,270 6,419 2,646 2,945 3,323 3.659 4,ln 4.724 2,445 2,653 2,960 3.286 3,613 4,087 4,636 5,394 5.336 5,7]6 5,~25 6,286 6,847 7,253 7,379 7,551 6,099 6.556 6,976 6.887 7,262 256.30 262.44 267.93 282.29 287.05 30$.69 327.55 351.72 347.78 369.84 378.31 389.04 339.31 406.66 299.68 312.07 320.47 337.87 342.21 366.43 393.97 427.69 426: 4',850 n.a.
n.a n.a CHART 1: CDP AT FACTOR COST IN PRICES CURRENT & CONSTANT W \D 599 459 499 359 399 EC$ Hi 11 ion 259 299 1.59 1.99 59 9 .
.. ~ • CDP - Cu~~ent P~ices II CDP ­ Constant Pl"ices 92 93 94 • 11. til 81 82 83 84 85 86 87 88, 89 99 91 ~'eAi> • • •.I ..__ :t _ ~.

.
.. " " CHART 2: PERCENTAGE CONTRIBUTION BV ECONOMIC ACTIVITY IN CONSTANT OF GDP PRICES ~ o • Ag:ri cuI tu:re l1li Mining &: Qua:r:rying 1m Manu£actu:ring [ill Elect:ricity Wate:r &: o Const:ruction D Wholesale &: Retail T:rade = Hotels &: Restau:rants ~ T:ranspo:rt ~ COMMunications EI Bank &: Insu:rance IS:J Real Estate Housing &: PJ Gove:rnMent Se:rvices ~ Othe:r Se:rvices 13 IMputed Se:rvice Cha:rge i ': CHART 3: CONSTANT a CURRENT RATE OF GROWTH Constant Rate o£ Growth +­ Current Rate o£ Growth ,"'" ~ Rate o£ G~owth Yo 1.4 1.2 1.9 8 6 4 2 9 • '.
• t 81.

82 83 84 85 86 87 ~8 "--Y~al- 89 99 91.

92 93 94 .

ow.. ....

.'

.

..,.. II r" I. .


... 29999 CHART 4: SURPLUS ON CURRENT ACCOUNT OF CENTRAL GOVERNMENT ··················r····················r····················r····················r·············..····r····················r··..···············r····..·············l···················""I"····················r···················r··············..·.. 15999 19999 5999 .l::> tv Surplus EC$ Thousand 9 I I I I / I I I I I I I \ I I -5999 -19999 -15999 82 83 84 85 86 87 89 88 Fiscal Year 99 91 92 93 94 • ., .'