Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697797031971.pdf (Dominica)
COMMONWEALTH OF DOMINICA NATIONAL ACCOUNTS STATISTICS OF THE COMMONWEALTH OF DOMINICA 1998-2007 [jj]' lffil i ~ ®i !

@i I@i ij i /[,i l!1:J IEil CENTRAL STATISTlCAL OFFICE ~tl Ministry of Finance and Planning ~1 Roseau, Commonwealth of Dominica @I ri)@ . '
11 12 13 14 Rate of Growth of Gross Domestic Product by Expenditure in Current Prices 1998 - 2007 National Accounts Aggregates in Current Prices 1998 - 2007 Balance of Payments of Dominica 2000 - 2007 Selected Economic Indicators 2000 - 2007 CHARTS 1 2 3 GDP in Current and Constant Prices 1998 - 2007 Sectoral Contribution of Gross Value Added in Constant Prices 2007 Rate of Growth of GVA in Current and Constant Prices 1998 - 2007 Current Account Balance 2001 - 2007 Capital and Financial Account Balance 2001 - 2007 Balance of Payments overall Balance 2001- 2007 25 26 27 28 29 30 31 32 33 34 PREFACE This is the fourteenth publication on National Accounts issued by the Central Statistical Office.
This issue provides estimates of Gross Domestic Product in current and constant prices at basic prices, expenditure on GOP at current prices and other accounting flows such as Gross National includes the Balance of Payments Inccme, and Gross National Savings.

Additionally, components and some key economic indicators.
it In presenting this report, the standard methodology adopted for the OECS countries which is broadly ccnsistent with the revised United Nations System of National Accounts (SNA) 1993 has been used.

However, due to some constraints the sccpe of the series has been restricted.

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

The material presented in this issue consists of revised National Acccunts estimates for the period 1998 to 2007.

Substantial revisions were made to the series to inccrporate the base year of 1990.
In the process of revising the series, some Previously, 1977 was used as the base year.

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 2001 to 2007.

The ccmpilation of these statistics depends primarily on annual survey of establishments, which provides most of the source data.
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 in the compilation of the National Accounts and Balance of Payments statistics.
Chief Statistician Central Statistical Office • DEFINITION OF THE 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 INDUSTRIES: 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 purchaser's price.

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

In practice, GROSS VALUE ADDED (GVA) It is a measure of the Gross value added is a measure of each producer's contribution to GDP.
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, intermediation services indirectly measured.
FISIM is measured as the which is called financial total property income receivable by financial interest payable, excluding the value of any property income receivable from the investment of their own funds; as intermediation.

FISIM must be recorded as being such income does not arise from financial disposed of in one or more of the follOWing ways - as intermediate consumption by enterprises, as In practice, because of the difficulty final consumption by households or exports to non-residents.
intermediaries minus their total 1 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.
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, their in respect of employees, family allowance, casually insurance, life insurance and similar schemes.
to social security schemes and to private pensions, (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.

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

is defined as This schemes in respect of family allowances, maternity leave, pensions etc.
contributions to private funds, reserves or other special lay-off and severance pay, casualties and 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.
2 THE OPERATING SURPLUS/MIXED 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 If a strict income approach to estimating value added is used.

the consumption of fixed capital.

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 its other components.

Operating surplus is simply the sum of net profits and property income.

It is the surplus of deficit from production before taking into account interest and land rents payable by the 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 rate of accidental damage.

Unforeseen obsolescence.

major catastrophes and the normal 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 uses 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.
3 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.
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 fixed 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 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.
land, mineral deposits, (ii) 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.

(iii) Outlays on the reclamation and improvement of land, on the development plantations and similar agricultural holding are included in Gross Fixed Capital Formation.
(iv) Purchases and breeding of draught animals, breeding stock, dairy cattle and as sheep acquisition of fixed assets.

other animals for wool treated should clips rose hair and and be 4 (v) Dealer's margins, transactions in land, mineral deposits, tangible and non-financial gross capital formation.
solicitors' assets fees, duties stamp of timber tracts and similar non-reproducible assets in in assets second~hand covered transfer costs other and are in 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.
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 rentals royalties, gifts in kind etc.

Expenditure abroad by residents such as tourists and other persons, seasonal workers, and diplomatic and military personnel stationed abroad are treated as imports.
Similarly, expenditures in the domestic territory by non-residents are considered exports.

The valuation of exports and imports are f.o.b.

transactions, various fees, GROSS VALUE ADDED AT BASIC PRICES: taxes less subsidies on production and operating surplus.

This pertains to the value of all goods and services produced in an economy within a given time It is equal to the sum of compensation of employees, consumption of period of usually one year.
fixed capital, 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 received from other units, at home or abroad.

GROSS DOMESTIC PRODUCT AT MARKET PRICES: This is equal subsidies on imports piUS all non-deductible VAT or similar taxes.
to the sum of the Gross Value Added of all resident producers, plus taxes less GNI AT MARKET PRICES: Gross National Income at market prices is the value of the goods and services produced by the It is derived by adding net factor income labour and capital supplied by residents of a country.

from the rest of the world to GOP at market prices.

GNI to GNP as was used previously in National Accounts.
is identical 5 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 foreign financial claims such as interest and covers investment i.e.

profits and in a country, dividends.


The entrepreneurial dividends, could be remitted to foreign countries or left un-remitted.

The un-remitted portion is always treated as reinvested earnings.
income from ownership of foreign investment income of 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.

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.

6 • 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 formation adjusted for imports and exports of goods and service.

7 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 principle 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.

inputs consists of imported inputs such as seeds, fertilizers, pesticides and The cost of material 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 Imported inputs are deflated by an index of potassic fertilizer prices, and local inputs 1990 prices.

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 These are crosschecked for consistency with the obtained from the major poultry farms.

inputs consist mostly of imported estimates provided by the Ministry of Agriculture.
Material livestock feed, which amounts to about 25% of the gross value of output.

inputs are estimated at 5% of output.

The constant series is obtained by the double deflation method.

Local 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.
8 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 Ibs.

and 2,080 Ibs.

of fish per boat respectively.

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

The inputs consist of expenses on fuel, bait, nets, repairs and maintenance or boats, etc.
material which amounts to 48.7% of 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.

the value of output 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 ex1rapolated 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.i.f.
The c.i.f.

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. Lt. 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.

9 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 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 L1AT, 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 Government budget, are analyzed to obtain compensation of employees and the constant price estimates are based on the volume of postal traffic.

The accounts of 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.

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

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.

The accounts of 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 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 post office, airport, broadcasting and construction are excluded and allocated to their appropriate sectors.
The major accounts in the local government and Social Security government 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.
to central government, The operations of refer thus OTHER SERVICE legal firms, This sector covers business, entertainment and personal services, such as services of accounting individual professionals, barbers and beauty salons etc.

Broadcasting and firms, 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 intermediation 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.

11 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 ECONOMIC ACTIVITY IN DOMINICA REVIEW 2007 Overview Economic activity in Dominica recorded an estimated 1.82 percent growth.

This positive performance can be noted following post effects of Hurricane Dean in August.

Growth was recorded in most sectors with the exception of the Agriculture, Manufacturing and Hotels and Restaurants sectors.

Real output recorded an increase of 1.8 percent to EC$467 7M largely reflecting constant growth in the economy.
A surplus was maintained, thereby reflecting an increase in Central Government's Fiscal performance, indicating that the increase in revenue offset the balance of the previous year.

However the external current account deficit widened, a result of decreased travel receipts.

The consumer price index registered a 3.2 percent increase.

Agricultural Sector The agricultural sector reflected an estimated 5.2 percent decrease in output compared to an increase of 2.4 percent in 2006.
Percentage decreases of 1.0 in livestock, 7.6 in crops (due to the passage of Hurricane Dean), and a drop of 1.1 in forestry production contributed to the downward movement the production of fish maintained a steady increase averaging 3.6 percent over the last three years.

In spite of such movements, in that sector.

Manufacturing Sector An estimated 3.8 percent decline in real value added was recorded for the manufacturing sector.
Decreased output was recorded in laundry soap, dental cream and beverages, while the production of paints and varnishes increased.

It must be noted that the decline in dental cream and household chemical production was due primarily to the closure of a company in September 2007.

Hotels and Restaurants Activity in the tourism sector declined over the previous year recording a 5.0 percent drop as the number of stayover visitors fell by 3.5 percent.

Cruiseship visitors also recorded a 6.6 percent drop.
Consequently tourism receipts fell by 15.3 percent.

Construction Sector The Construction sector grew by 12.1 percent follOWing an 8.5 percent increase in 2006.

The expansion in this sector was mainly due to continued activities in pUblic sector investments.

the rehabilitation of roads and public structures and the extension of the main airport.

In addition the number of private construction starts increased by 17.6 percent while value recorded a 48.4 percent rise.
Transportation and Communication Sector A 4.3 percent increase was recorded for the Transport sector with road and sea transport registering growth mainly contributed by the increase in cargo landed.

Air transport, however, declined as air passengers' movements recorded an 11.1 percent decrease.

An estimated 2.5 percent growth was recorded for the Communications sector, mainly due to the increased market activity from the introduction of reduced and competitive telecommunications rates.
13 Government Sector The Government sector recorded an estimated 2.2 percent increase, resulting from the 3.0 percent rise in wages and salaries for the fiscal year 2007/2008.

Prices Consumer prices rose by 3.2 percent in 2007 compared to the 2.6 percent rise in 2006.

The highest percentage increase, 6.7, was registered in the Alcoholic Beverages and Tobacco group index.

Fuel and Light followed with an increase of 5.4, Food; 5.3 and Medical and Health Expenses, 4.2.
External Sector The current account deficit widened from EC$138.91M in 2006 to EC$256.50M in 2007.

This movement was mainly a result of a decrease in travel receipts and an increase in imports over the previous year.
14 TABLE 1 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CURRENT PRICES (EC$MILLlON) Sector Agriculture Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Construction Wholesale & Retail Trade Hotels & Restaurants Transport Road Transport Sea Transport Air Transport Communications Banks & Insurance Real Estate & Housing 1998 110.27 88.36 8.07 3.56 10.28 4.63 50.81 29.24 46.27 67.72 15.50 55.53 28.35 22.63 4.55 49.46 65.73 19.88 1999 2000 2001 2002 2003 2004 2005 2006 2007P 69.7] 15.47 45.30 22.64 ]8.66 4.00 39.61 64.81 21.82 8.53 3.70 I1.l9 3: .58 25.63 6.05 29.29 8079 24.21 9.45 3.70 13.61 71 49.88 40,24 73.45 97.58 20.05 68.75 33.05 3009 5.61 30.77 8351 25.73 Government Services 112.87 116.51 121.69 128.37 133.03 127.78
 123.66 126.25 13136 136.67 Other Services Less FISIM 9.07 51.93 9.45 52.11 9.50 9.93 53.98 54.09 104] 51.50 10.37 48.32 10.89 52.37 11.77 53.51 12.36 57.26 1305 60.98 GVA in Basic Prices 585.05 609.65 621.60 607.48 575.24 581.14 611.44 641.27 671.13 702.32 GROWTH RATE Plus Product Taxes Less Subsidies 5.47 4.20 1.96 (2.27) (5.31) 1.03 5.21 4.88 4.66 4.65 115.46 113.19 110.55 111.12 112.86 128.51 158.64 166.71 185.34 218.47 GOP In Market Prices 700.51 722.84 732.15 718.60 688.10 709.65 770.08 807.98 856.47
 920.79 Growth Rate 5.88 3.19 1.29 (1.85) 14.24) 3.D 8.52 4.92 6.00 7.51 15 TABLE 2 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CONSTANT PRICES (EC$MILLlON) Sector' Agriculture Crops Livestock Forestry Fishing Mining & Quarrying 1998 84.71 66.00 7.24 3.35 8.12 3.36 1999 82.90 63.73 7.35 3.38 8.44 3.49 2000 81.98 62.81 7.42 3.41 8.34 3.70 2001 76.59 57.20 7.49 3.44 8.46 3.61 2002 76.Q9 56.48 7.56 3.47 8.58 2.69 2003 73.51 53.62 7.65 3.48 8.76 3.00 2004 76.07 2005 75.76 2006 77.55 2007" 73.51 55.92 54.89 56.12 51.84 7.72 3.49 8.94 3.12 8.11 3.50 9.26 3.23 8.35 3.51 9.57 3.50 8.27 3.47 9.93 3.92 ManufacturinQ 35.26 29.16 3\.32 27.06 26.45 26.68 27.42 27.54 27.68 26.64 Electricity & Water \8.23 \9.\8 19.66 20.30 20.43 20.05 21.10 22,45 23.21 23.51 Construction 33.60 34.86 36.97 36.14 26.88 29.95 30.94 32.01 34.74 38.93 Wholesale & Retail Trade 55.65 57.02 5845 58.02 55.02 56.89 58.76 61.70 64.48 67.51 Hotels & Restaurants Transport Road Transport Sea Transport Air Transport 10.80 44.52 24.27 16.59 3.66 11.26 45.12 24.28 16.92 3.92 1170 44.68 25.47 15.35 3.86 10.83 42.22 23.73 14.80 10,47 36.70 19.38 13.60 39.03 22.23 13.01 3.69 3.72 3.79 Communications 49.38 55.59 53.16 49.71 48.91 35.94 Banks & Insurance Real Estate & Housing 15.20 1550
1208 13.89 13.20 Real Estate & Housing 15.20 1550 15.66 15.81 15.96 16.28 16.60 17.19 17.96 18.86 Government Services 78.33 78.51 82.00 85.77 88.75 86.99 86.34 86.00 87.29 89.20 Other Services Less FlS1M 5.83 6.01 5.98 6.14 6.42 6.30 6,47 46.25 46.44 47.37 51.39 52.89 44.43 48.15 6.86 49.20 7.09 7.27 53.78 57.28 GVA in Basic Prices 443.24 450.47 456.35 437.35 415.15 415.55 428.21 442.48 459.35 467.71 GROWTH RATE Plus Product Taxes Less Subsidies 2.77 1.63 1.31 (4.16) (5.08) 0.10 3.05 3.33 3.81 1.82 87.47 83.64 81.16 80.00 81.45 91.89 111.10 115.02 126.86
 138.60 GOP in Market Prices 530.71 534.11 537.51 517.35 496.60 507.44 539.31 557.50 586.21 606.31 Growth Rate 3.16 0.64 0.64 (3.75) (4.01) 2.18 6.28 3.37 5.15 3.43 16 TABLE 3 COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY AT BASIC PRICES IN CURRENT PRICES Sector 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 p Agriculture Crops Livestock Forestry 18.85 18.72 18.10 17.51 17.74 18.28 18.72 17.97 17.64 16.59 15.10 15.oJ 14.49 13.77 13.75 14.25 14.82 14.13 13.67 12.78 1.38 1.34 1.33 1.37 1.47 1.47 1.41 1.41 139 1.35 0.61 0.59 0.58 0.60 0.64 0.64 0.61 0.58 0.56 0.53 I Fishing 1.76 1.75 1.70 1.76 1.89 1.93 1.89 1.84 2.03 1.94 Mining & Quarrying 0.79 0.80 0.84 0.86 068 0.79 0.85 0.90 0.95 UJl Manufacturing 8.68 8.09 8.76 7.43 7.74 800 8.31 809 7.83 7.10 Electricity & Water 5.00 5.49 5.46 5.93 6.42 6.35 6.43 6.44 5.72 5.73 Construction 7.91 8.03 8.40 8.63 6.81 7.92 8.29 8.75 9.24 10.46 Wholesale & Retail Trade 11.58 11.51 11.68 12.08 12.12 12.60 12.66 12.88 1307 1389 Hotels & Restaurants 2.65 2.65 2.73 2.63 2.69 2.59 2.89 2.93 3.22 2.85 Transport 9.49 9.44 9.29 8.72 7.87 8.40 8.98 8.83 9.43 9.79 Road Transport 4.85 4.65 4.79 4.56 3.94 4.47 4.80 4.68 4.71 4.71 Sea Transport 387 3.95 3.71 3.41 3.24 3.18 3.36 3.31 3.82 4.28 Air Transport 0.78 0.84 0.79 0.75 0.70 0.75 0.82 0.85 0.90 0.80 Communications 845 8.55 7.70 7.30 6.89 4.48 4.41 4.43 4.36 4.38 Banks & Insurance 11.23 11.27 11.28 11.54 11.27 11.29 11.30 11.89 12.04 11.89 Real
 Estate & HousinQ 3.40 3.32 316 3.51 3.79 3.83 3.71 3.70 3.61 366 Government Services 19.29 19.11 19.58 21.13 23.13 21.99 20.22 19.69 19.57 20.36 Other Services 1.55 1.55 1.53 1.63 1.81 1.78 1.78 1.84 1.84 1.86 Less FISIM TOTAL 8.88 8.55 8.68 890 8.95 8.31 8.57 8.34 853 8.68 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 TABLE 4 COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY AT BASIC PRICES IN CONSTANT PRICES Sector 1998 1999 2000 2001 2002
 2003 2004 2005 2006 2007 P Agriculture 19.11 1840 17.96 1751 18.33 17.69 17.76 17.12 1688 15.72 Crops Livestock Forestry Fishing 14.89 1415 13.76 13.08 13.60 12.90 \3.06 1241 \2.22 1\.08 \.63 \.63 1.63 1.71 1.82 1.84 1.80 1.83 1.82 \.77 0.76 075 0.75 0.79 0.84 0.84 0.82 0.79 0.76 0.74 1.83 \.87 1.83 1.93 2.07 2.11 2.09 2.09 2.08 2.12 Mining & Quarrying 0.76 0.77 0.8\ 0.83 0.65 0.72 0.73 0.73 0.76 0.84 Manufacturing 7.96 647 6.86 6.19 6.37 642 640 622 6.03 5.70 Electricity & Water 4.\\ 4.26 4.3\ 4.64 4.92 482 4.93 5.07 5.05 5.03 Construction 7.58 7.74 8.10 8.26 6.47 7.21 7.23 723 7.56 8.32 Wholesale & Retail Trade 12.56 12.66 12,81 13.27 13.25 1369 13.72 13.94 14.04 14.43 Hotels & Restaurants 2.44 2.50 256 2.48 2.52 244 2.65 2.73 3.02 282 Transport 10.04 10.02 9.79 9.65 8.84 9.39 10.03 9.73 10.02 10.27 Road Transport 548 5.39 5.58 543 4.67 5.35 5.74 5.56 5.66 5.64 Sea Transport 3.74 3.76 336 3.38 3.28 3.13 3.36 3 19 3.34 3.72 Air Transport 083 0.87 0.85 0.84 090 0.91 0.94 0.98 1.03 091 Communications 11.14 12.34 11.65 11.37 11.78 8.65 8.69 9.12 9.54 960 Banks & Insurance 12.32 12.94 \281 12.93 12.83 1329 13.56 1433 14.34 14.86 Real Estate & Housing 343 344 343 361 3.84 3.92 3.88 3.88 391 4.03 Government Services 17.67 1743 \7.97 1961 21.38 20.93 20.16 1944 1900 19.07 Other Services 1.32 1.33 1.31 140 \.55 1.52 1.51 1.55 1.54 \.55 Less FISIM TOTAL 1043 1031 10.38 11.75 12.74 10.69 11.24 11.12 11.71 12.25 10000 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
 18 TABLE 5 COMMONWEALTH OF DOMINICA RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY, AT BASIC PRICES, IN CURRENT PRICES (%) Sector 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007· Agriculture 2.50 3.49 (1.38) (5.47) (4.06) 4.10 7.77 0.64 2.75 (1.58) Crops livestock Forestry Fishing 1.88 3.73 ( 1.70) (7.14) (5.4 7) 4.72 9.44 0.00 1.20 (2.15) 1.64 1.49 0.98 0.97 0.96 1.19 0.94 4.99 2.99 1.50 0.85 0.84 0.84 1.10 0.82 0.27 0.27 0.27 0.27 (0.80) 9.59 3.89 (1.22) 1.42 1.40 3.13 3.04 2.52 15.23
 (0.07) Mining & Quarrying (9.04\ 5.83 6.53 0.38 (2519) 1735 13.48 1073 10.55 11.11 Manufacturing 20.15 (2.97) 1Q.43 (17.10) (1.31) 4.45 9.20 2.13 1.35 (5.14) Electricity & Water 11.56 14.53 1.28 6.28 2.39 (0.03) 6.56 5.04 (7.02) 4.79 Construction (2.92) 581 6.60 0.40 (25.291 17.60 10.12 10.69 10.50 18.45 Wholesale & Retail Trade 3.56 366 3.39 1.10 (5.00) 5.01 5.77 6.72 617 11.24 Hotels & Restaurants 1.97 4.26 4.89 (5.72) (319) (2.65\ 17.26 6.51 14.99 (7.30) Transport 4.07 3.66 0.28 (8.26) (14.45) 7.77 12.49 3.13 11.69 8.68 Road Transport (1.01) 004 4.94 (6.89) (18.30) 14.71 13.09 2.15 5.27 465 Sea Transport 13.26 6.41 (4.15) (10.27) (9.90) (0.91) 11.20 3.21 2(J.78 17.40 Air Transport (4.01) 12.53 (4.691 (7.171 (11.70) 9.00 14.45 8.62 11.62 (7.27) Communications 10.97 5.38 (821) (7.32) (]0.67) 04.23) 3.49 5.49 2.99 5.05 Banks & Insurance 9.93 4.55 2.02 0.01 (7.57\ 1.25 5.26 10.35 6.00 3.37 Real Estate & Housing 3.97 1.96 3.01 2.01 2.44 2.02 1.98 4.54 2.02 6.28 Government Services 8.71 3.22 4.45 5.49 363 (3.95\ (3.221 2.09 4.05 4.04 Other Services 7.08 4.19 0.53 453 483 (0.381 5.01 8.08 5.01 5.58 Less FISIM TOTAL 18.40 0.35 3.59 0.20 (4.79) (6.
J7) 8.38 2.18 7.01 6.50 5.47 4.20 1.96 (2.27) (5.31) 1.03 5.21 4.88 4.66 4.65 19 TABLE 6 COMMONWEALTH OF DOMINICA RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY, AT BASIC PRICES, IN CONSTANT PRICES (%) Sector 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 P Agriculture (1.99 ) (2.14) (1.11) (6.57) (0.65) (3.39) 3.48 (0.41 ) 2.36 (5.21) Crops Livestock Forestry Fishing (2.93) (3.44) (1.44) (8.93) ( 1.26) (5.06) 4.29 (1.84) 2.24 (7.63 ) 1.54 1.52 0.95 0.94 0.93 1.19 0.92 5.05 2.96 (0.96) 0.90 0.90 0.89 0.88 0.87 0.29 0.29 0.29 0.29 (1.14) 1.63 3.94 (1.18) 1.44 1.42 2.10 2.05 3.58 3.35 3.76 Mining & Quarrying (9.43) 3.87 6.02 (2.43 ) (25.48) 11.52 4.00 3.53 836 12.00 Manufacturing 16.83 (17.30) 7.41 (13.60) (2.25) 087 2.77 044 0.51 (3.76) Electricity & Water 9.29 5.21 2.50 3.26 0.64 (1.86) 5.24 6.40 3.39 1.29 Construction (414) 3.75 6.05 (2.25) (25.62) 11.42 331 3.46 8.53 12.06 Wholesale & Retail Trade 2.56 2.46 2.51 (0.74) (5.17) 3.40 3.29 5.00 4.51 470 Hotels & Restaurants (4.00) 426 3.91 (7.44) (3.32) (3.06) 11.72 6.53 14.98 (4.97 Transport 3.56 1.35 (0.98) (5.51 ) (13.07) 6.35 10.02 0.28 6.92 4.32 Road Transport ( 1.02) 0.04 4.90 (6.83) (18.33) 14.71 10.48 0.16 5.65 1.54 Sea Transport 13.24 1.99 (9.28) (3.58) (8.11 ) (4.34) 10.45 (1.74) 8.50 13.45 Air Transport (4.19) 7.10 (1.53) (4.40) 0.81 1.88 5.80 8.23 899 (9.94) Communications 10.97 12.58 (4.37) (6.49) (1.61 ) (26.52) 3.51 8.49 8.55 2.51 Banks & Insurance 8.03 6.76 026 (3.28) (5.78) 3.64 5.16 9.23 3.89 5.48 Real Estate & Housing 1.95 1.97
 1.03 0.96 0.95 2.01 1.97 3.55 4.48 5.01 Government Services 5.52 0.23 4.45 4.60 3.47 (1.98) (0.75) (0.39) 1.50 2.19 Other Services 392 3.09 (0.50) 2.68 4.56 (187) 2.70 6.34 3.05 2.54 Less FISIM TOTAL 18.41 0.41 2.00 8.49 2.92 (16.00) 8.37 218 9.31 6.51 2.77 1.63 1.31 (4.16) (5.08) 0.10 3.05 3.33 3.81 1.82 20 TABLE 7 COMMONWEALTH OF DOMINICA GROSS VALUE ADDED DEFLATORS BY ECONOMIC ACTIVITY, AT BASIC PRICES Sector 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007" Agriculture 130.17 137.66 137.28 138.90 134.13
 144.52 150.51 152.09 152.66 158.5\ Crops Livestock Forestry Fishing 133.88 143.83 143.45 146.28 140.Q3 Mining & Quarrying 137.80 140.40 141.08 145.15 145.72 153.33 167.31 178.95 182.57 181.12 Manufacturing 144.10 169.07 173.82 166.78 168.39 174.36 185.27 188.38 189.96 187.24 Electricity & Water 160.39 174.61 172.53 177.59 180.67 184.04 186.35 183.96 165.45 171.16 Construction 137.71 140.45 141.17 144.99 145.65 153.72 163.87 175.32 178.50 188.67 Wholesale & Retail Trade 121.69 123.11 124.17 126.47 126.70 128.67 131.76 13391 136.04 144.54 Hotels & Restaurants 143.52 143.52 144.87 147.55 147.76 148.37 155.73 155.71 155.72 151.89 Transport 124.73 127.57 129.19 125.41 123.43 125.08 127.90 131.54 137.40 143.14 Road Transport 116.81 116.80 116.84 116.77 116.82 116.82 119.58 121.95 121.51 125.24 Sea Transport 136.41 142.32 150.36 139.93 137.21 142.12 143.08 150.28 167.30 173.13 Air Transport 124.32 130.61 126.42 122.76 107.53 115.04 124.44 124.88 127.91 131.69 Communications 100.16 93.76 89.99 89.20 80.99 72.48 72.47 70.47 66.86 68.51 Banks & Insurance 120.34 117.85 119.93 124.02 121.66 118.86 118.96 120.18 122.61 12016 Real Estate & Housing 130.79 130.77 133.33 134.72 136.72 136.73 13675 138.05 134.80 136.43 Government Services
 144.10 148.40 148.40 149.67 149.89 146.89 143.22 14680 150.49 153.22 Other Services 155.57 157.24 158.86 161.73 162.15 164.60 168.32 171.08 174.33 179.50 Less FISIM TOTAL 112.28 112.21 113.95 105.25 97.37 108.76 108.76 108.76 106.47 106.46 131.99 135.34 136.21 138.90 138.56 139.85 142.79 144.93 146.10 150.16 21 TABLE 8 COMMONWEALTH OF DOMINICA INDEX OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY, AT BASIC PRICES IN CURRENT PRICES , Sector Agriculture Crops Livestock Forestry Fishrng 1998 1999 2000 2001 2002 2003
 2004 2005 2006 2007 p 119.22 123.39 121.68 115.02 110.35 114.87 12379 124.58 128.00 125.98 i Mining & Quarrying 150.32 159.09 16948 170.13 127.27 149.35 16948 187.66 20747 230.52 Manufactunng 192.24 186.53 205.98 170.75 168.52 176.01 192.21 196.29 198.94 188.72 ElectricIty & Water 261.54 29955 303.40 32245 330.14 330.05 351.70 36941 34347 359.93 Construction 164.31 173.86 18533 186.08 '39.03 163.49 180.04 199.29 220.21 260.83 Wholesale & Retail Trade 164.89 170.93 17672 17867 169.73 17823 18851 201.17 213.59 23759 Hotels & Restaurants 203.15 211.80 222.15 20944 202.75 197.38 231.45 246.53 28349 262.78 Transport 153.48 159.09 159.54 146.35 125.21 13494 151.80 156.55 174.85 190.02 Road Transport 142.18 142.23 149.25 138.97 113.54 130.24 147.29 150.45 158.38 165.75 Sea Transport 176.80 188.13 180.31 161.80 145.78 14445 160.63 165.78 200.23 235.08 Air Transport 132.27 148.84 14186 131.69 116.28 126.74 145.06 157.56 '75.87 163.08 I Communications 20904 22029 20220 187.40 167.41 110.10 113.95 12020 123.80 130.05 Banks & Insurance 15782 16499 16833 16836 155.61 157.55 165.83 18300 193.97 200.50 Real Estate & Housing 147.15 150.04 154.55 157.66 16151 164.77 168.02 175.65 179.10 19045 Government Services
 16356 168.83 176.34 186.02 192.77 185.16 179'9 182.94 190.35 19804 Other Services 232.56 242.31 243.59 254.62 266.92 26590 279.23 301.79 31692 334.62 Less FISIM TOTAL 184.74 185.38 19203 19242 183.21 17'90 186.30 190.36 203.70 21693 158.19 164.84 168.07 164.25 155.54 157.13 165.33 173.39 181.46 189.90 22 TABLE 9 COMMONWEALTH OF DOMINICA INDEX OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY, AT BASIC PRICES, IN CONSTANT PRICES Sector Agriculture Crops Livestock Forestry Fishinq 1998 1999 2000 2001 2002 2003 2004
 2005 2006 P Mininc & Quarrvina 109.09 113.31 120.13 117.21 87.34 97.40 101.30 104.87 113.64 127.27 Manufacturino 133.41 110.33 118.50 102.38 10008 10095 103.75 104.20 104.73 100.79 Electricitv & Water 163.06 17156 175.85 181.57 182.74 179.34 188.73 200.81 207.60 210.29 Construction 119.32 123.79 131.29 128.34 95.45 106.36 109.87 113.67 123.37 138.25 Wholesale & Retail Trade 135.50 138.84 14232 141.27 133.97 13852 143.07 15023 157.00 164.38 Hotels & Restaurants 141.55 147.58 153.34 141.94 137.22 133.03 148.62 158.32 182.04 173.00 Transport 123.05 124.71 123.49 116.69 101.44 107.88 11868 119.02 127.25 132.75 Road Transport 121.72 121.77 127.73 119.01 97.19 111.48 123.17 123.37 130.34 132.35 Sea Transport 129,61 132.19 119.92 115.63 106.25 101.64 112.27 110.31 119.69 135.78 Air Transport 106.40 113.95 112.21 107.27 108.14 110.17 116.57 126.16 137.50 123.84 Icommunications 208,71 234.95 224.68 210.10 206.72 151.90 15723 170.58 185.16 189,81 Banks & Insurance 131.14 140.00 140.36 135.75 127.90 132.56 139.40 152.27 15820 166,87 Real Estate & HousinQ 112.51 114.73 115.91 117.02 118.13 120.50 122.87 127.24 13294 139.60 Government Services 113.51
 113.77 11882 124.29 128.60 126.05 125.11 124.62 126.49 12926 Other Services 149.49 154.10 153.33 157.44 164.62 161.54 165.90 176.41 181.79 186.41 Less FISIM TOTAL 164.53 165.21 168.52 182.82 188.15 158.06 171.29 175.03 191.32 203.77 119.85 121.80 123.39 118.25 112.25 112.36 115.78 119.64 124.20 126.46 23 TABLE 10 COMMONWEALTH OF DOMINICA EXPENDITURE ON GROSS DOMESTIC PRODUCT IN CURRENT PRICES (ECSMILLlON) 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 P TOTAL CONSUMPTION 565.18 586.82 630.85 666.99 634.57
 613.58 678.77 758.16 764.28 904.53 PrIVate consumption 412.23 427.56 466.48 506.59 487.24 478.44 539.04 606.23 603.18 734.26 General Government 152.95 159.26 164.37 160.40 14733 135.14 139.73 151.93 161.10 170.27 GROSS CAPITAL FORMATION 190.89 200.25 205.43 171.78 142.40 177.61 210.00 232.14 247.36 286.69 Transport EQLHpmenl 21.37 37.69 36.63 22.39 25.98 23.98 26.62 42.54 38.90 48.00 Other Equipment 54.50 41.39 51.38 31.50 28.32 50.05 65.90 63.33 68.93 73.42 Construction 115.02 121.17 117.42 117.89 88.10 103.58 117.48 126.27 139.53 165.27 Changes In Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 GOODS AND NON-FACTOR SERVICES (55.56) (64.23) (104.13) (120.17) (88.87) (81.54) (118.69) (182.32) (155.17) (270.43) Export of Goods 170.60 151.21 147.80 119.83 117.74 110.73 114.91 115.85 119.50 106.97 Export of NFS 238.73 272.17 242.38 207.54 215.21 208.79 236.40 231.37 262.24 256.57 Imports of Goods 314.15 328.24 352.05 312.42 276.35 283.10 344.88 394.02 396.55 465.06 Imports of NFS 150.74 159.37 142.26 135.12 145.47 117.96 125.12 135.52 140.36 168.91 GDP AT MARKET PRICES 700.51 722.84 732.15 718.60 688.10 709.65 770.08 807.98 856.47 920.79 Less Taxes on Production and Imports Plus SubSidies 115.46 113.19 11055 111.12 112.86 128.51 158.64 166.71 185.34 218.47 GVA AT BASIC PRICES 585.05 609.65 621.60 607.48 575.24 581.14 611.44 641.27 671.13 702.32 24 TABLE 11 COMMONWEALTH OF DOMINICA RATE OF GROWTH OF GROSS DOMESTIC PRODUCT BY EXPENDITURE IN CURRENT PRICES
 (%) 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 P TOTAL CONSUMPTION 1.97 3.83 7.50 5.73 (4.86) (3.31) 10.62 11.70 0.81 18.35 Private consumption 0.27 3.72 9.10 860 (3.82) (1.81) 12.67 12.46 (0.50) 21.73 General Government 6.86 4.13 3.21 (2.42) 18.15) (8.27) 3.40 8.73 6.04 569 GROSS CAPITAL FORMATION (6.31) 4.90 2.59 (16.38) (17.10) 24.73 18.24 10.54 6.56 15.90 Transport Equipment (46.23) 76.37 (2.81) (38.88) 16.03 (7.70) 11.01 59.80 (8.56) 23.39 Other Equipmen\ 11.22 124.06) 24.14 (38.69) (10.10) 76.73
 31.67 (3.90) 8.84 6.51 Construction 0.02 5.35 (3.09) 0.40 (25.27) 17.57 13.42 7.48 10.50 18.45 Changes In Inventory 0.00 000 0.00 0.00 0.00 0.00 1.00 1.00 1.00 1.00 GOOOS AND NON·FACTOR SERVICES (42.35) 15.60 62.12 15.40 (26.05) (8.25) 45.56 53.61 (14.89) 74.28 Export of Goods 17.53 (11.37) (2.26) (18.92) (1.74) (5.95) 3.77 0.82 3.15 (10.49) Export of NFS 6.03 14.01 (10.95) (14.37) 3.70 (2.98) 13.22 (2.13) 1334 (2.16) Imports of Goods ( 1.99) 4.49 7.25 (11.26) (11.55) 2.44 21.82 14.25 0.64 17.28 Imports of NFS 312 5.73 (10.74) (502) 7.66 118.91) 6.07 8.31 3.57 2034 GDP AT MARKET PRICES 5.88 3.19 1.29 (1.85) 14.24) 3.13 8.52 4.92 6.00 7.51 Product Taxes Less Subsidies 8.00 (1.97) (2.33) 0.52 1.57 13.87 23.45 5.09 11.18 17.88 GVA AT BASIC PRICES 5.47 4.20 1.96 (2.27) (5.31) 1.03 5.21 4.88 4.66 4.65 TABLE 12 COMMONWEALTH OF DOMINICA NATIONAL ACCOUNTS AGGREGATES IN CURRENT PRICES (EC$ MILLION) 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007" A: INCOME GVAAT BASIC PRICES 585.05 609.65 621.60 607.48 575.24 581.14 611.44 641.27 671.13 702.32 Product Taxes less Subsidies 115.46 113.19 110.55 111.12 112.86 128.51 158.64 166.71 185.34 218.47 GDP AT MARKET PRICES 700.51 722.84 732.15 718.60 688.10 709.65 770.08 807.98 856.47 920.79 NET FACTOR INCOME FROM ABROAD 141.11 ) 168.97) 1106.16) (61.251 (68.80) 166.34) (85.52) 178.251 (45.71) (41.74) GROSS NATIONAL INCOME 659.40 653.87 625.99 657.35 619.30 643.31 684.56 729.73 810.76 879.05 NET CURRENT TRANSFERS FROM ABROAD GROSS
 NATIONAL DISPOSABLE INCOME B: APPROPRIATION 3440 36.61 48.78 47.16 36.82 34.46 45.22 53.10 52.85 55.68 693.80 690.48 674.77 704.51 656.12 677.77 729.78 782.83 863.61 934.73 Private Final Consumption 412.23 427.56 466.48 506.59 487.24 478.44 539.04 606.23 603.18 734.26 Government Final Consumption 152.95 159.26 164.37 \60.40 147.33 135.14 139.73 151.93 161.10 170.27 Tolal Consumption 565.18 586.82 630.85 666.99 634.57 613.58 678.77 758.16 764.28 904.53 GROSS NATIONAL SAVING 128.62 103.66 43.92 37.52 21.55 64.19
 51.01 24.67 99.33 30.20 c~ CAPITAL FINANCE Gross Capital Formation 19089 20025 205.43 171.78 142.40 177.61 210.00 232.14 247.36 286.69 Gross National Savino 128.62 103.66 43.92 3752 21.55 64.19 51.01 24.67 99.33 30.20 FOREIGN SAVINGS 62.27 96.59 161.51 134.26 120.85 113.42 158.99 207.47 148.03 256.49 26 TABLE 13 THE BALANCE OF PAYMENTS OF DOMINICA SUMMARY 2000 • 2007 (In EC$M) I 1,.
CURRENT ACCOUNT 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 O.

CURRENT TRANSFERS a.

General Govemment b.

Other Sectors 2.

CAPITAL AND FIANANCIAL ACCOUNT A.

CAPITAL ACCOUNT 1.

Capital Transfers a.

General Government b.


Other Sectors 2.

Acquisition 8.

Disposal of Nonw Produced Non-Financial Assets B.

FINANCIAL ACCOUNT 1.

Direct Investment 2.

Portfolio Investment 3.

Other Investment a.Public Sector Long Term b.
Other Public Sector Capital c. Commercial Banks d. Olher Assets e. Other Liabilities 2000" 200'" 2002" 2003 2004" 2005 2006 2007 P (143.30) (131.72) (100.7B) (104.72) (155.72) (207.45) (13B.91) (25B.49) (204.23) (207.38) 0.02 3.13 100.04 (39.72) 106.00 (3.49) 44.46 (721) (87.90) 1.74 (B9.64) (69.80) (8.19) 111.65\ 48.79 20.11 28.68 179.02 29.40 3316 2598 718 (192.50) (195.21) 0,03 2.68 B9.0B (37.47) 100.54 (5.55) 15.72 (4181 (55.44) 3.76 (59.20) (36.62) (10.62) 111 96\ 47.18 16.00 3116 123.82 48.53 48,53 41.32 7,21 (15B.59) (161.15) 0.02 2.54 70.15 (35.23) 98.71 (7.94) 19.99 (5.3BI (49.64) 1,53 (51.17) (25.79) (10.92) 114.46\ 37.32 2.80 34.52 103.82 55.33 55.33 47.71 7.62 (172.37) f175.10) 0.00 273 90.83 (37.B9) 117.05 (6 11) 2563 1785\ (57.B4) 1.68 (59.32) (36.06) (10.61) 112.65\ 34.46 1.02 33.44 104.63 50.70 50 70 42,92 7.78 (229.21) (233.34) 0.00 4.13 111.28 (42.81) 138,92 (1044) 26.24 10.63\ (83.01) 2.20 (8521) (5228) :~51 ~; 17.82 45.22 (436) 49.58 102.62 72.44 7244 64.38 8.06 (27B.1B) (282.16) 0.00 4.00 95.85 (61.77) 125.64 (10.75) 45.12 '239' (78.24) 3.73 (81.97) (61.25) (B.41) 11231\ 53.10 0.63 52.47 210.47 49.37 49.37 41.11 8.26 (277.05) (284.57) 0.00 7.52 125.80 (57.19) 162.83 (12.77) 33.13 (020' (40.51) 2.95 (4346) (1992) (6.96) 11658\ 52.85 076 52,09 152.30 76.02 76.00 6751 849 (376) 0.00 0.00 000 0.00 0.00 002 149.82 47.51 36.80 65.31 26.59 0.00 53.17 (28.13) 13.68 75.29 39.67 (0.62) 36.24 60.64 0.00 (25.98) (13.59) 16.17 48.49 47.76 32.69 (31.96) 35.28 0.00 (64.93) (7.58) 5.27 53.93 78.43 9.38
 (33.88) 27.48 0.00 (92.15) 20.32 10.47 30.18 64.13 (666) (2729) 28.72 0.00 (72.57) (5.11) 21.67 161.10 51.94 10.21 9895 11.48 (0.19) 23.83 16.63 47.20 78.28 69.95 (028) 661 (315) (281) (33.59) 6.58 39,58 (35B.09) (365.31) 0.00 7.22 87.66 (73.76) 136.98 (14.76) 39.35 (015 (41.74) 310 (44 84) (2607) 221 (2098 55.68 (0.91) 56.59 253.28 156.53 156.53 147.82 8.71 0.00 96.75 143.75 4.62 (5162) (17 98) 000 (50.89) (3022) 4747 3.
NET ERRORS AND OMISSIONS (1623) 19.78 50.88 16 13 34.54 35.14 22.81 2261 4.
OVERALL BALANCE 1.28 9.34 33.85 5. FINANCING Change in Special Drawing Rights Change in Reserve Position With the Fund Change in Government Foreign Assets Change in imputed Reserves (1.28) 0.03 0.00 (7.22) 5.91 (9.34) 0.00 0.00 (434) (500) (33.85) 0.00 0.00 467 (38.52) 7.34 (7.34) 0,00 0.00 (1.30) (6.04) /18.561 38.14 36.48 19.40 18.56 0.00 0.00 3.80 14.76 (38.14) 0.84 0.00 (2036) (1862) (36.23) 0.00 0.00 1.23 (37.461 (19.40) 0.00 000 (481) (14.59) 27 TABLE 14 COMMONWEALTH OF DOMINICA SELECTED ECONOMIC INDICATORS UNIT 2000 2001 2002 2003 2004 2005 2006 CURRENT PRICES GVA al Basic Pric"s GVA al Basic Prices ,owU!
",t_ GOP at Marieet Prlc!tS GOP at marieet prices growth,.,ttI GNI al Maaet Prices PtrCaplt<l GVA al Basic Prices Pe, Capi/a GOP al Marieet Prices Pe, capita GNI at Marlr.el Prices CONSTANT PRICES GVA at Basic Prices GVA al Basic Prices arowlh ",Ie GOP at Marieet Prices GDP at marieet prices growth rate GNI at Marieet Prices Per Ca Ita GVA at Bulc Pnces Per Capita GDP at Market PriC&S Per Ca Ita GNI al Market Prices OTHER INDICATORS Mid Year Populat,on/b Value of Exports (FOB} Value of Domestic Exports FOB) Vawe of Imports (CIF) Visible Trade Balance Balance of Pavmenls Current Ale B;olance Balance of Pavments- Capital & Financial Ale Balance A ,Icul/ural Exports Banana Exports Tolal Banana EXDort Revenue ConslFucUon Imports No of ConslnJction StatU Value of Construction Slarts Consumer Price Index (Jan. 2001=100.
Averalle period Food Only Index (F&b 1994=100 Ave",qe period) Innaaon R<ilce Implicit Defaltor of GVA (1990=100) Government Recuurent Revenue/a Government ReculTent Eo_nd!t«re Government currenl account ba/~nce Total Passenger Arrivals TounSI Arrivals Crusie Shl Passenuus Excursionists Total Vis;to~ Total Tourism Ex enditure CroiSl1 Shl Calls ~_Genera/IM Eleclrlcity Consumed Comrowcial Bank LOilllS (Outslan(lin ) EC$ ttl '~chana" EC$ M % change EC$ M ee, ", ee, EC$M "I.chanoe EC$ M %chanae EC$ M ee, Ee, ", NO EC$ M EC $ M EC $ M EC$ M EC$M EC 1M EC$M TONNES EC I I'll EC $ M NO EC$M INDEX INDEX % INDEX EC $ I'll EC $M EC$M NO NO NO NO NO EC $M NO OOOKWH OOOKWH EC$ M 621.60 1.96 732.15 1.29 625.99 8,688 10,234 8750 456.35 1.31 537.51 0.64 459.57 6,379 7,513 6,424 71544 144.67 137.52 400.95 /256.281 1143.301 179.02 48.92 28,788 32.46 44.19 109.00 51.32 98.90 98.15 0.86 136.21 213.73 224.84 (11.11\ 111,645 69,598 239,796 2,656 312,050 130.10 2.7 77.52 62.01 607.48 /2271 718.60 ('.85\ 657.35 8565 10132 9,269 437.35 14.16l 517.35 13.751 473.25 6167 7295 6,673 70,922 118.04 112.81 355.02 /236.98l 1131.72' 123.82 38.72 19061 22.23 43.23 91.00 23.00 100.46 100.91 1.58 138.90 202.32 233.80 (3'.4.'
'08800 66,393 207627 1,919 275999 125.35 231 80.97 63.91 555.93 546.75 575.24 15.311 688.10 (4.24' 619.30 8173 9,777 8799 415.15 15.0.'
496.60 (4.01\ 446.95 5899 7056 6 350 70382 115.19 106.33 314.05 119•.••, 1100.76 103.82 38.26 18,379 21.99 21.00 133.00 32.77 100.64 102.46 0.18 138.56 192.90 229.21 " •.311 109383 69193 136,859 1674 207726 123.32 ,.7 80.13 64.19 529.09 581.14 1.03 709.65 3.13 643.31 8260 10,087 9,144 415.55 0.10 507.44 2.18 460.01 5,907 7,213 6 539 70,352 108.00 104.28 345.45 /237.451 1104.72\ 104.63 31.06 11,956 15.93 34.27 117.00 31.14 102.07 102.85 1.42 139.85 204.30 210.19 15.••1 116,308 73,190 177044 3928 141.15 20.
78.43 62.74 505.88 611.44 5.21 770.08 8.52 684.56 8,683 10936 9,722 428.21 3.05 539.31 6.l8 479.42 6081 7,659 6 808 70417 111.75 107.05 392.03 /2.0.2.'
1336,77l 1207.45 210.47 32.83 11,953 17.38 39.62 108.00 29.70 106.29 108.34 1.67 144.93 257.28 210.87 46.41 122288 118306 80087 383,614 2577 163.70 2•• 79.23 66.42 79,257 301 511 .50 381 418 151.92 234 83.66 67.79 50DO 529.87 254162 466278 671.13 4.66 856.47 6.00 810.76 9,451 12,062 11 418 459.35 3.81 586.21 5.15 554.92 6469 8256 1 815 71008 111.98 109.27 450.84 133•.••' 113•.91\ 152.30 34.27 12852 20.22 42.09 125.00 36.37 109.06 112.77 2.60 146.10 281.21 239.12 42.09 121450 80,480 379643 927 461,050 185.34 314 85.42 69.57 601.39 2007 p 702.32 4.65 920.79 7.51 879.05 9,852 12,917 12,331 467.71 1.82 606.31 3.43 585.40 6,561.13 8505.44 8,212.15 71 285 99.75 96.87 528.81 1429.06 f256.49 253.28 29.55 8,465 13.64 55.61 147.00 53.97 112.58 118.79 3.23 150.16 298.66 256.29 42.37 113,977 81 070 354515 7•• 436374 157.81 252 66.38 71.49 644.63 CHART 1: GOP AT MARKET PRICES IN CURRENT AND CONSTANT PRICES 1998 - 2007 1000.00 900.00 800.00 700.00 600.00 EC$ MILLION 500.00 400.00 300.00 200.00 100.00 0.00 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 YEAR IIlI Constant l1li Current I 29 ' )<»z ( G ) " 0ze n~z I - J t " 0 ; ; m n e ) " ( N 0 0 .
.

.

.

.

.

i I J • > } o ~ t ' ) ' e : ; : ; ~ c C I J l 1 C I I I ~ J : : J : : o t O / : l 0 C I I I " i : < ~ - o t - ~ 4 f I I I I I I J : : C .

!

: : c J : : o t I I l I • m - .

!

: : 1 C ) " " ( ) " " ( : ; : : ; l < ' O / : l - E ~ 1 C I I I : l ~ ) ( - - o ~ c J : : ' ) " " ( C l I J : : 0 I I I E : " l : : 0 l 1 C l I C I I I l 1 C O / : l - 0 : : I I I 1 C l l - I I ~I - 0 l 1 C - i i i 1 C 0 I l 0 O / : l - 0 : : I I I 1 C C C l I l - ~ J : : I I I C l I i l 1 l l ~ - I I I J : : l I C .
l : : 0 0 " • ) ( 0 3 3 c J : : ) " " ( I I I : !

: < 0 J : : l I C J Z [ D t ' I I I J : : 7 l I C O / : l J : : l I C C ~ I I I J : : ) " " ( l 1 C 0 0 : : l 1 C I I I - - m I I I 1 C C l I l O / : l I 0 c l I C J : : o t I i l l ) G l < ~ 1 C 0 • 0 - " l : : ~ 1 C l - J : : C 1 C l I 3 l J : : l 1 C < : " ) ' e l 1 C l I C l I C l 1 C < : ' ) ' e l 1 C l I C ) " ( :»; I : 0 ; I - nm( ) " N e I - 0~r - ) " ( I 0Z- 0 ; ; l t t !
: : C: 0z 1 T " 0 " " 0 CHART 3: RATE OF GROWTH OF GVA IN CURRENT AND CONSTANT PRICES: 1998 - 2007 '00 I 6.00 i ------- - - --.

-------.--------------.------ - .----.-------- ------- .-- -/-------- - - - - Jr- "'- ____/_L __ -- .

/ 1j003 2004 , 2002 - .....- -.. ....... - - _....~ .

2005 2006 2007 4.00 ...... 2.00 +-- .... ._ ........... - - - - '" '\ 1998 1999 2000 " \ 2001 \ " .l: ..Ol l:.. "..Ol..-l:.. "~..D.. 0.00 -2.00 -4.00 ~.OO' .

-.--------- ..
-.--------- ..

-.--- -:a.: " / - - - - - - YEAR I I • Current Prices ...... -Constant Prices 31 Chart 4: CURRENT ACCOUNT BALANCE 2001 - 2007 0.00-f(---1 -50.00 -100.00 EC$Miliion -150.00 -200.00 I -250.00 J.... -300.00 d ' .

'.

• .

.. " .

.

~ 7 ~ ~ ~ 0' ~ <;t ~ ~ ~ 0' ~ :> ~ YEAR 32 CHART 5: CAPITAL AND FINANCIAL ACCOUNT BALANCE 2001 - 2007 300.00 , ' - - - - - - - - - - - - - - - - - - - - - - - - - 250.00 200.00 150.00 .---..

.--- 1 - - - - -1 f-- -_.

----I.


1-------11- - j 1-- I I ~----r~------r-I-- 100.00 .j f - - - I- .

-_. I- 50.00 +-- 1----- 1 - - - 1----- - - - - - - - - - f-- l:,g ...() i w l_l_l-,_.L_.L-,_.L_1..-,_.L_L-,_~~~~-~:_:'_~~':;'----jl ' I " I , I I I I .
0.00 I 2001 2002 2003 2005 2006 2007 2004 YEAR 33 CHART 6: BALANCE OF PAYMENTS OVERALL BALANCE 2001 ·2007 42.00 T ' - - - - - - - 40.00 38.00 36.00 34.00 32.00 30.00 28.00 26.00 24.00 22.00 20.00 18.00 16.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 + \ -r.J..

I -2.00 -4.00 -6.00 -8.00 -10.00 -12.00 -14.00 -16.00 -18.00 -20.00 "-,----------------------------.----~ 2001 2002 2003 2004 YEAR 2005 2006 2007 EBALANCE OF PAYMENTS OVERALL BALANCE] 34 8 @1.

@1!

mil~ 114 J•• IIIIJIIe ~~ 'UMe ••• !


@ rtf P:{j;ema{TnuCe Statistics TravelStatistics Consumer CJlrice Inaex.. !Nationa{;f.ccounts P.conomic Inazeators CBaCance of(jJayments (jJopuCation Statistics (])emographic Statistics P.aucation Statistics P.nvironmenta{Statistics gentlerStatistics SocialIntJzeators 9diffennium (])evefopment (]oafs Central Statistical Office Ministry of Finance Tel (767)-2663400 - 3407 Fax: (767)-449-9128 Email: csoda@cwdom.dm Price: EC$25.00 10)1 [~!1 rr~"",1 ij ~ rr;" .~~ ~~ f!
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