Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698837818604.pdf (Saint Vincent and the Grenadines)
St Vincent & The Grenadines Quarterly Gross Domestic Product Preface The main purpose of quarterly Gross Domestic Product (GDP) is to present an early indication of current economic activity in St. Vincent and the Grenadines.

The series presented in this statistical publication was developed based on a range of short term (monthly and quarterly) indicators of economic activity and is entirely consistent with the annual estimates of GDP.
The annual GDP provides a comprehensive and detailed assessment of economic activity.

This series is prepared by the Statistical Office, Ministry of Finance, Economic planning, Sustainable Development and Information Technology.

Gatlin Roberts Chief Statistician Quarterly Gross Domestic Product (GDP) 1st Quarter 2019 (see table 2) The St Vincent and the Grenadines’ economy grew by 0.2 percent during the period January to March 2019, compared to 3.1 percent for the similar .
The increase of 0.2 percent was attributed to quarter of 2018 improved performances in Public Administration Services (4.2%), Construction Services (4.0%), Agriculture, Hunting, Forestry and Fishing (0.5%) and Financial Services (0.5%) (see table 2) .
Gross Domestic Product in constant (2006) prices, percentage change % t n e c r e P 6.0 5.0 4.0 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 -4.0 -5.0 Public Administration Services recorded overall growth of 4.2 percent and accounted for 0.6 percentage points of the increase in GDP.

This was on account of a 1.5 percent increase in wages and salaries for public servants.

Activity in the Construction Industry contributed 4.2 percent to the increase in GDP.
Driving this performance was an increase in the imports of construction materials which contributed to the increase in the total value of construction materials and supplies (4.3%).

Agriculture, Hunting, Forestry and Fishing industry grew by 0.5 percent.

This was as a result of slightly higher levels of crops production (0.01%) and fish landings which grew by (23.3%).

Taxes and Subsidies grew by 1.6 percent and contributed 0.2 percentage points to the increase in GDP.
Productive industries The fell by 10.3 percent.

This outturn reflects a slow down in activity in the Manufacturing industry which contracted as a result of lower output.

The production of galvanise sheets and nails fell by (65.5%) and (58.2%) respectively and there was no production of steel The decline in the industry was further rods during the quarter.

compounded by a reduction in the production of beverages (13.9%) and spirits (2.5%).

Private Services The industries fell by 0.3 percent.
This outturn reflects decreased activity in Wholesale and Retail Trade which was on account of lower levels of merchandise trade imports which fell by 1.8 percent.

Notwithstanding the economy grew by 0.2 percent in the first quarter of 2019, growth was tempered by a slow down in the Productive Services and Private Services industries which fell by 10.3 percent and 0.3 percent respectively.
Table 1: Quarterly components of Gross Domestic Product in constant (2006) prices, EC $m Agriculture, Hunting, Forestry, and Fishing Productive Industries Construction Private Services Public Administration Services Financial Services Indirectly Measured Taxes less Subsidies 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 -3.8 -3.6 -3.5 -3.5 -3.7 -3.8 -3.7 -3.8 -3.7 -3.7 -3.7 -3.8 -3.9 -3.9 -3.8 -3.7 -3.7 -3.6 -3.5 -3.5 -3.5 -3.5 -3.5 -3.5 -3.5 54.1 63.0 64.7 59.6 59.6 63.5 68.2 67.0 62.2 65.4 68.4 73.1 64.8 74.4 72.2 78.0 68.4 68.9 77.6 81.7 68.6 75.1 79.4 82.2 69.6 Gross Domestic Product Gross Value Added 410.1 429.2 419.5 425.8 417.4 418.3 423.7 445.5 423.2 421.8 422.3 460.3 431.6 441.5 430.1 456.9 431.9 424.0 445.5 476.5
Table 2: Quarterly components of Gross Domestic Product in constant (2006) prices, percentage change Agriculture, Hunting, Forestry, and Fishing Productive Industries Construction Private Services Public Administration Services 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1
 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 7.5% 5.9% 6.2% 4.3% -2.3% -5.5% -8.4% 27.2% 9.9% -3.9% 5.4% -20.2% 1.4% 15.7% 0.3% 9.6% 1.5% -6.9% 11.4% 12.4% 2.2% 5.3% 0.8% 3.3% 0.5% -4.7% -2.1% -1.1% -2.9% 1.6% -2.1% 3.3% 10.8% 2.7% 7.0% 7.6% -2.9% 3.1% 3.6% -5.0% 4.1% 1.4% -5.8% 8.0% 7.1% 12.4% 5.2% 12.4% -7.0% -10.3% 14.0% 39.3% -3.0% -15.4% -10.1% -23.9% -12.2% 2.2% 2.6% 5.5% -3.2% 29.8% -1.1% 5.7% 17.2% -18.5% -15.6% 1.4% 14.4% 24.5% 19.4% 3.4% -2.6% -4.8% 4.0% 0.5% 1.6% 2.1% 0.6% 0.2% 0.2% -0.3% 2.4% -0.2% -2.1% -0.5% 1.1% 2.0% 1.3% 0.2% -0.8% -0.1% -2.8% -0.5% 1.9% 2.2% 3.7% 3.7% -0.5% -0.3% 7.3% 7.3% 5.6% 0.7% 7.5% -2.6% 9.8% -4.0% -0.2% 5.1% -4.7% 7.4% 1.4% 3.0% 1.4% -4.9% 0.4% -4.0% 1.8% -2.1% -1.8% 0.5% -3.1% 0.2% 4.2% Financial Services Indirectly Measured -13.3% -17.6% -17.2% -15.0% -2.6% 3.8% 5.1% 7.4% 1.6% -1.0% 0.0% 0.6% 4.4% 3.4% -1.2% 1.6% -6.9% -5.7% -6.6% -6.0% -4.9% -2.3% -1.1% -1.8% 0.5% Gross Domestic Product Gross Value Added 2.9% 2.2% 5.4% 4.4% 2.5% 1.7% -0.9% -0.7% 0.5% 1.8% -2.5% -3.1% 0.2% 1.0% 3.4% 4.6% 0.9% 1.4% 0.5% 0.8% -0.3% -0.5% 2.3% 3.3% 1.6% 2.0% 3.0% 4.7% 1.1% 1.9% -0.7% -2.2% 0.1% -0.9% -4.0% -3.3% 2.8% 3.6% 4.2% 4.3% 3.6% 3.1% 3.4% 4.3% 2.5% 2.5% -0.8% -1.1% 0.2% -0.1% Taxes less Subsidies -2.4% -1.3% -2.2% -2.0% 10.1% 0.9% 5.4% 12.4% 4.5% 3.0% 0.3% 9.0% 4.1% 13.8% 5.6% 6.8% 5.6% -7.4% 7.4% 4.7% 0.2% 9.0% 2.3% 0.6% 1.6% Table 3: Quarterly components of Gross Domestic Product
 in constant (2006) prices, percentage point contributions to annual % change Agriculture, Hunting, Forestry, and Fishing Productive Industries Construction Private Services Public Administrati on Services Financial Services Indirectly Measured Taxes less Subsidies 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 0.4 0.3 0.3 0.2 -0.1 -0.3 -0.5 1.5 0.6 -0.2 0.3
 -1.4 0.1 0.8 0.0 0.5 0.1 -0.4 0.6 0.7 0.1 0.3 0.0 0.2 0.0 -0.4 -0.2 -0.1 -0.2 0.1 -0.2 0.2 0.8 0.2 0.5 0.6 -0.2 0.2 0.3 -0.4 0.3 0.1 -0.5 0.6 0.6 0.9 0.4 1.0 -0.6 -0.9 1.0 2.3 -0.2 -1.1 -0.8 -1.9 -0.9 0.1 0.2 0.3 -0.2 1.8 -0.1 0.4 1.1 -1.4 -1.1 0.1 1.0 1.6 1.1 0.2 -0.2 -0.4 0.3 0.3 0.8 1.1 0.3 0.1 0.1 -0.2 1.2 -0.1 -1.1 -0.3 0.6 1.0 0.6 0.1 -0.4 0.0 -1.4 -0.2 0.9 1.1 1.8 1.7 -0.2 -0.2 1.1 1.1 0.8 0.1 1.2 -0.4 1.5 -0.7 0.0 0.8 -0.8 1.2 0.2 0.5 0.2 -0.8 0.1 -0.6 0.3 -0.3 -0.3 0.1 -0.5 0.0 0.6 0.1 0.2 0.2 0.1 0.0 0.0 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 -0.3 -0.2 -0.3 -0.3 1.3 0.1 0.8 1.7 0.6 0.4 0.0 1.4 0.6 2.1 0.9 1.1 0.8 -1.3 1.3 0.8 0.0 1.5 0.4 0.1 0.2 Gross Domestic Product Gross Value Added 2.2 4.4 1.7 -0.9 1.8 -2.5 1.0 4.6 1.4 0.8 -0.3 3.3 2.0 4.7 1.9 -0.7 0.1 -4.0 3.6 4.3 3.1 4.3 2.5 -0.8 0.2 2.5 4.6 2.1 -0.6 0.5 -2.7 0.2 2.9 0.8 0.4 -0.4 2.0 1.4 2.5 1.0 -1.8 -0.8 -2.7 2.3 3.5 3.0 2.8 2.1 -0.9 -0.1 Table 4: Quarterly components of Gross Domestic Product in current prices, EC $m Agriculture, Hunting, Forestry, and Fishing Productive Industries Construction Private Services Public Administration Services Financial Services Indirectly Measured Taxes less Subsidies 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 31.9 31.6 31.1 31.6 30.7 28.5 28.9 41.7 33.9 27.7 31.4 34.2
88.7
81.7 84.7 81.5 92.7 87.3 82.1 89.2 89.6 89.2 88.7 87.4 98.1 90.4 90.4 87.5 92.1 90.6 87.4 89.8 91.1 89.8 88.3 87.8 92.4 95.3 -4.5 -4.4 -4.2 -4.1 -4.3 -4.4 -4.4 -4.6 -4.7 -4.8 -4.9 -5.0 -5.2 -5.1 -5.1 -5.0 -5.0 -4.9 -4.8 -4.8 -4.7 -4.8 -4.7 -4.7 -4.8 62.3 72.9 74.9 69.0 68.5 73.0 78.5 77.7 72.9 77.1 81.0 86.7 76.8 88.3 85.8 93.0 82.0 82.9 93.5 98.5 82.6 90.5 95.8 99.4 84.5 Gross Domestic Product Gross Value Added Table 5: Quarterly components of Gross Domestic Product in current prices, percentage change Agriculture, Hunting, Forestry, and Fishing Productive Industries Construction Private Services Public Administration Services 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 9.8% 12.8% 9.7% 5.6% -3.8% -9.8% -7.2% 32.1% 10.5% -2.7% 8.7% -18.1% 10.4% 28.1% 4.5% 11.6% -0.4% -10.5% 10.6% 12.5% 6.0% 8.5% 6.6% 7.0% 0.4% 3.4% 4.3% 3.2% 0.2% -0.2% 0.3% 6.9% 13.9% 12.8% 12.3% 11.7% 0.5% -2.5% -1.2% -6.4% 1.4% 3.9% -1.4% 6.3% 6.4% 7.0% 6.7% 12.2% -4.7% -1.9% 15.6% 40.3% -1.8% -14.5% -11.5% -23.3% -11.5% 2.6% 3.8% 3.6% -5.0% 27.6% -2.2% 5.4% 16.2% -19.3% -16.6% 0.6% 13.1% 21.7%
 16.2% -0.6% -5.8% -6.2% 4.3% 3.8% 4.4% 3.4% 0.9% -1.6% -1.9% -1.0% 3.1% 1.5% 0.5% 3.4% 3.1% 3.0% 3.0% 1.3% 0.8% 2.5% 0.3% 1.4% 3.4% 3.2% 3.1% 3.3% -0.5% -0.5% 8.6% 8.5% 6.4% 1.3% 6.9% -3.1% 9.5% -3.4% 2.1% 8.1% -2.0% 9.4% 1.4% 1.9% 0.1% -6.1% 0.3% -3.4% 2.6% -1.1% -1.0% 1.1% -2.2% 1.4% 6.1% Financial Services Indirectly Measured -10.5% -16.3% -17.8% -16.8% -6.1% 0.5% 5.1% 11.3% 9.6% 9.1% 11.4% 9.8% 10.4% 7.7% 3.9% 0.4% -3.5% -4.5% -5.3% -5.0% -4.7% -3.1% -2.6% -2.1% 0.3% Gross Domestic Product Gross Value
 Added 6.3% 5.5% 8.7% 7.5% 4.2% 3.5% 0.1% 0.0% 0.6% -0.8% -3.8% -4.5% 0.4% 1.0% 4.8% 5.9% 3.4% 3.8% 3.2% 3.5% 2.7% 2.7% 3.9% 5.0% 2.2% 2.7% 4.1% 5.7% 1.5% 2.2% -0.2% -1.6% 0.5% 1.4% -2.2% -1.4% 3.8% 4.7% 5.0% 5.1% 3.9% 3.4% 3.2% 4.2% 2.6% 2.6% -0.2% -0.4% 1.1% 1.3% Taxes less Subsidies 0.2% 1.3% 0.0% -0.7% 10.0% 0.2% 4.7% 12.6% 6.3% 5.7% 3.2% 11.6% 5.3% 14.4% 6.0% 7.3% 6.8% -6.1% 9.0% 5.9% 0.7% 9.1% 2.4% 0.9% 2.3% Table 6: Quarterly components of Gross Domestic Product in current prices, percentage point contributions to annual % change Agriculture, Hunting, Forestry, and Fishing Productive Industries Construction Private Services Public Administrati on Services Financial Services Indirectly Measured Taxes less Subsidies 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 0.6 0.8 0.6 0.3 -0.3 -0.6 -0.5 2.1 0.7 -0.2 0.5 -1.5 0.7 1.6 0.3 0.7 0.0 -0.7 0.7 0.9 0.4 0.5 0.4 0.5 0.0 0.3 0.4 0.3 0.0 0.0 0.0 0.5 1.1 1.0 1.0 1.0 0.0 -0.2 -0.1 -0.6 0.1 0.3 -0.1 0.5 0.5 0.6 0.6 1.0 -0.4 -0.2 1.1 2.5 -0.1 -1.1 -0.9 -1.9 -0.9 0.2 0.3 0.2 -0.3 1.7 -0.2 0.3 1.0 -1.5 -1.1 0.0 0.9 1.3 0.9 0.0 -0.4 -0.4 0.3 1.9 2.1 1.6 0.4 -0.8 -0.9 -0.5 1.5 0.7 0.3 1.6 1.4 1.4 1.4 0.6 0.3 1.1 0.2 0.6 1.5 1.5 1.4 1.5 -0.2 -0.2 1.4 1.4 1.1 0.2 1.2 -0.5 1.6 -0.6 0.4 1.4 -0.4 1.6 0.2 0.3 0.0 -1.1 0.1 -0.6 0.4 -0.2 -0.2 0.2 -0.4 0.2 1.0 0.1 0.2 0.2 0.2 0.1 0.0
 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.0 -0.1 1.3 0.0 0.7 1.8 0.9 0.9 0.5 1.7 0.8 2.3 1.0 1.2 1.0 -1.0 1.5 1.0 0.1 1.5 0.4 0.2 0.4 Gross Domestic Product Gross Value Added 5.5 7.5 3.5 0.0 0.6 -3.8 1.0 5.9 3.8 3.5 2.7 5.0 2.7 5.7 2.2 -0.2 1.4 -2.2 4.7 5.1 3.4 4.2 2.6 -0.2 1.3 5.5 7.3 3.5 0.1 -0.7 -3.9 0.3 4.1 2.9 2.7 2.2 3.3 1.9 3.4 1.3 -1.4 0.4 -1.2 3.2 4.1 3.3 2.7 2.2 -0.3 1.0 ANNEX List of Industries and sub-categories Agriculture, hunting, forestry
 and fishing Bananas Livestock Forestry Other Crops Fishing Productive Industries Mining and Quarrying Manufacturing Electricity and Water Construction Private Services Wholesale and Retail Trade Transportation, Storage and Communication Hotels and Restaurants Financial and Insurance Activities Real Estate Activities and Owner Occupied Dwellings Other Community, Social and Personal Activities Education - Private Health and Social Work - Private Private Households with Employed Persons Public Administration Services Social Security Local Government Public Education Public Health Financial Services Indirectly Measured For more information please contact: Statistical Office Ministry of Finance, Economic Planning, Sustainable Development & Information Technology 1st Floor Administrative Building P.O.
Box 608 Kingstown Tel.

(784) 457-2921 Fax.

(784) 456-2430 E-mail: svg.stats@mail.gov.vc Website: www.stats.gov.

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