Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697706179633.pdf (Dominica)
"\ • TABLE OF CONTENTS PREFACE Definition of the components of the Accounts and Related Aggregates Notes on Methodology Analysis of the Performance of the Economy 2001 Analysis of the Performance of the Economy 2000 Analysis of the Performance of the Economy 1999 Analysis of the Performance of the Economy 1998 TABLES Gross Domestic Product by Economic Activity in Current Prices 1991-2001 Gross Domestic Product by Economic Activity in Constant Prices 1991-2001 Percentage Contribution of Gross Value Added by Economic Activity at Basic Prices in Current Prices 1991-2001 Percentage Contribution of Gross Value Added by Economic Activity at Basic Prices in Constant Prices 1991-2001 Rate of Growth of Gross Value Added by Economic Activity at Basic Prices in Current Prices 1991-2001 Rate of Growth of Gross Value Added by Economic Activity at Basic Prices in Constant Prices 1991-2001 Gross Value Added Deflators by Economic Activity at Basic Prices 1991-2001 Index of Gross Value Added by Economic Activity at Basic Prices In Current Prices 1991-2001 PAGE 1 8 13 17 20 23 26 27 28 29 30 31 32 33 the value of any property income receivable from the investment of their own funds; as such income does not arise from financial intermediation.
FISIM must be recorded as being disposed of in one or more of the following ways - as intermediate consumption by enterprises, as final In practice, because of the difficulty in consumption by households or exports to non-residents.
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 indude all payments by resident producers of wages and salaries to their employees in cash and in kind, and of conlJibutions paid or imputed, in respect of their employees, to social security schemes and to private pensions, life insurance and similar schemes.
family allowance, casualty insurance, (1) Wages and Salaries: This is defined to indude all payments which employees receive in respect of their wor1< whether in cash or in kind, and before deductions to Social Security, Income Tax, etc.
Induded 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 induded is the cost to the employer of providing food, lodging, ordinary dothing etc, either free of cost, or at a mar1<edly reduced cost which are of dear and direct benefit to the employees as consumers.
Exduded 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 wor1< (d) Reimbursement of expenses for travel and entertainment (e) Reimbursement of expenses or provision of uniforms, tools and equipment.

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

schemes This is defined as conlJibutions to private funds, reserves or other special in respect of family allowances, lay-off and severance pay, casualties and maternity leave, pensions etc.
2 The System of National Accounts (SNA) states that if in the absence of special schemes of reserves, employers make direct payments of this type to their employees, imputed contributions in respect of these obligations should be included in the employers' contribution to private schemes.
THE OPERATING SURPLUS/MIXED INCOME: to the excess of This is equivalent the value added at produce~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 intennediate consumption, while operating surplus is calculated as the residual between value added and its other components.

Operating It is the surplus of deficit from surplus is simply the sum of net profrts and property income.
production before taking into account interest and land rents payable by the establishments, as any non-allowable ~ems such as bad debts, donations, miscellaneous provisions and cap~al 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 nonnal wear and tear, foreseen obsolescence and the nonnal rate of accidental damage.
Unforeseen obsolescence, major catastrophes and the depletion of natural resources are not included in consumption of fixed capital TAXES ON PRODUCTION AND IMPORTS: These are defined as compulsory, unrequited payments to Government, which industries treat as part of the cost of production.
They include import and export duties, excise, sales, entertainment and turnover taxes, real estate and land taxes, unless they are merely an administrative device for levies on value added and the employment of labour (but not social collection of income tax, security contributions), motor vehicle, driving test, license, airport and passport fees when paid by producers, but are considered to be compulsory fees, fines and penalties when paid by the Household sector.
The SNA no longer use the tenn indirect taxes rather it is now called taxes on production and imports.

SUBSIDIES: .. • These are all grants on current account made by Govemment to private industries and public corporations, and grants made by the public authorities to Govemment enterprises in compensation the for operating losses, when these losses are clearly the consequences of the policy of 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: This is defined as the gross output of producers of Government services less the value of its commodity and non-commodity sales and the value of its own-accounts capital formation.
The gross output is equal to the cost of production, thai 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 pai~by households or enterprises.

These items are not to be deducted from gross output to arrive at final consumption expenditure.
PRIVATE FINAL CONSUMPTION: 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 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 Govemment services and producers of private non-profit services to households.

The capital goods may be purchased or produced on own account.
Sales less purchases of second hand fixed assets and sales of scrapped fixes assets by producers should be deducted from gross fixed capital formation.

Gross fixed capital formation covers the following items: of use of one year of more, except (i) Acquisitions by producers of civilian use of tangible assets, which have an estimated lifetime timber tracts and similar non reproducible tangible assets.
Relatively inexpensive durable reproducible goods, such as certain types of office equipment may on practical grounds are 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 extension of timber tracts, mines, plantations, holdings are included in gross fixed capital formation.
,-, land, on the development and similar agricultural orchards, and (iv) Purchases and sheep and other animals acquisition of fixed assets.
breeding of draught animals, cattle and raised for wool and hair clips should be treated as breeding stock, dairy (v) Dealer's margins, fees, transactions in land, mineral deposits, and non-financial solicitors' tangible assets duties stamp of timber tracts and similar non-reproducible assets in in assets second-hand covered transfer other costs and are in gross capital formation.
CHANGES IN INVENTORY: This is equal in principle to the market value at the owning establishment of the physical change during a period of account in stocks of materials, supplies, work-in-progress except on construction projects, livestock raised for slaughter and merchandise held by resident industries and in stock of strategic materials and emergency stocks of important products held by Govemment services.
finished products, 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 transactions, various fees, rentals royalties, gifts in kind etc.

Military equipment transferred between Govemments 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.

Similany, expenditures in the domestic territory by non-residents are considered exports.

The valuation of exports and imports are f.o.b.
GROSS VALUE ADDED AT BASIC PRICES: This pertains to the value of all goods and services produced in an economy within a given time period of usually one year It is equal to the sum of compensation of employees, consumption of fixed capital, An over-riding consideration on measuring the value of a country's gross domestic product is that duplication must be avoided, Duplication is avoided by deducting from the output of each producing unit the value of the inputs of goods and services, which it has receive from other units, at home or abroad.
taxes less subsidies on production and operating sUllJlus.

GROSS DOMESTIC PRODUCT AT MARKET PRICES: This' is equal subsidies on imports plus 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 labour and capital supplied by residents of a country.
It is derived by adding net factor income from the rest of the world to GDP at market prices.

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

NET INCOME FROM THE REST OF THE WORLD: This is defined as the sum of two major components, net compensation of employees, and net property and entrepreneurial income.

Net compensation of employees covers the labour income of residents' abroad and non-residents in the country.
Net property and entrepreneurial income foreign financial claims such as interest and covers investment dividends.

The entrepreneurial income of foreign investment in a country, Le.

profrts and dividends, could be remitted to foreign countries or left unremitted.

The unremitted portion is always treated as reinvested earnings.
income from ownership of LABOUR INCOME AND WORKER'S REMITTANCES: It should be noted that there is a distinction between those individuals whose eamings 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 intennediate 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, final consumption of households, consumption expenditure of Govemment, private non-profit services serving households and gross capital formation adjusted for imports and exports of goods and service, This consists of estimates of expenditure of • • • '-j NOTES ON METHODOLOGY 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 root crops-such as yams, dasheens and tannias.

Value added is estimated by the production approach.
The value of output consists of exports and local consumption, including subsistence, which vary from crop to crop.

The outputs of the various crops are estimated in consultation with the Ministry of Agriculture.

The farm-gate prices are obtained by adjusting export f.o.b.

and market prices for trade and transport margins.

These prices are checked for consistency with prices paid by the purchasers to the growers of these products.
The cost of material inputs consists of imported inputs such as seeds, fertilizers, pesticides and insecticides.

The c.i.f.

values of these imports are adjusted upwards to include duly, consumption tax and trade and transport margins.

Additionally, in consultation with the Ministry of Agriculture, local inputs of materials and costs of repairs and maintenance of agricultural machinery and tools are estimated at 10% of the value of output.
The double deflation method is used to obtain the 1990 constant prices.

Production of all agricultural crops is 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 Agricu~ure provides estimates of beef, pork, mUllon, pou~ry, meat, and eggs and milk production.
Estimates of meat production are based on slaughter permits and an upward is made for unrecorded slaughter.

Estimates on pOUltry and egg production are adjustment obtained from the major poultry farms.

These are crosschecked for consistency with the estimates provided by the Ministry of Agriculture.

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

Local inputs are estimated at 5% or output.


The constant series is obtained by the double deflation method.

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

The estimates are obtained in consultation with the Ministry of Agricu~ure Forestry Department.

Material inputs are estimated at 20% of gross value of output.

The constant price series is obtained by the double deflation melhod.
- .. • 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 material inputs consist of expenses on fuel, bait, nets, repairs and maintenance or boats, etc.
which amounts to 48.7% of the value of output for mechanIZed boats and 5.2% for non-mechanized boats.

The constant price estimates are obtained by valuing output at 1990 prices and deducting input in the same proportion as in the current series.

ELECTRICITY AND WATER The value added in this sector is estimated by the income approach.

The main source of data is the accounts of the Dominica Electricity Services and the Dominica Water & Sewage Company.
The constant price estimates are extrapolated from the base year estimates on the basis of electricity sold and water supplied.

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-€xports 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 65% of the gross value of output.

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

import prices of construction materials such as cement, wood iron and steeL WHOLESALE AND RETAIL TRADE 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.

For non-response, adjustments are made on the basis of data on employment and remuneration available from the Social Security Department.
The small traders (self-employed) and vendor trade are assumed to 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 pr!ces, covering outputs of Agriculture, Mining and Manufacturing sectors and imports.

.. • • ,.. HOTELS AND RESTAURANTS The value added estimates are obtained by the income approach.

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

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

MINING AND QUARRYING This is a relatively small sector and consists of only two private companies.

The output covers production of gravel, stone, pumice and sand.
Due to the lack of more comprehensive data for this sector, in recent years the value in Mining has been assumed to be about 10% of the value in construction in both current and constant prices.

MANUFACTURING Value added in the Manufacturing sector is estimated by the income approach.

The main source of data is the Inland Revenue Office.

The available income tax returns are analyzed and data on wages and salaries, depreciation and net profits, which constitute the value added, are compiled.
The non-response is estimated on the basis of data on wages and salaries available from the Social Security Department.

The contribution of the small-scale industries and handicrafts are assumed to be 10% of the total value added.

The constant price estimates are worked out by extrapolating the base year estimate on the basis of quanmies 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 af1d 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.

10 .. • 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 Govemment bUdget, are analyzed to obtain compensation of employees and the constant price estimates are based on the volume of postal traffic.
The accounts of Cable and Wireless for Dominica's operation are analyzed to obtain the value added in current prices.

The constant price estimates are based on the combined index of overseas call rates.

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

The accounts of the commercial banks, industrial bank, offshore banks, credit unions and insurance companies are analyzed to obtain the data.
For the banking sub-sector, the constant price estimates are based on the prime lending rate and credit union membership and for insurance the deflator was based on a combined index (85:15 weights), of car and property insurance rates.

REAL ESTATE AND DWELLINGS The value added estimates for owner-occupied dwellings are calculated on the basis of number of houses and average rent per house.

One month's rent is subtracted as cost of repairs and maintenance.
The number of dwellings is projected on the basis of 1970, 1981 and 1991 population census data on housing and the growth of the population.

The rate of rent per house for the island as a whole is assumed to be half of the low 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 the post office, airport, broadcasting and compensation of employees.

construction are excluded and allocated to their appropriate sectors.
The major accounts in the govemment thus refer to central government, local govemment 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.
The operations of OTHER SERVICE • legal firms, 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 1V have also.

been included.

The data re based on a benchmark 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 !

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

• • ",- ECONOMIC ACTIVITY IN DOMINICA A REVIEW OF 2001 OVERVIEW Preliminary estimates indicated that the Dominican economy contracted in 2001.

Real GDP declined by an estimated 4.3 per cent.


This performance was largely influenced by contractions in the productive sectors, particularly Agriculture, Manufacturing, fiscal position further Construction and Tourism sectors.

Central government deteriorated while the external current account deficit narrowed.
Agricultural Sector Preliminary estimates of the agriculture sector indicated that this sector recorded the largest contraction since 1979(Hurricane David) Overall decline in activity was 11.4 per cent.

The major sub sector contributing to this decline was crops.

Livestock, forestry and fishing sub sectors all recorded marginal increases.

Crops This sub-sector experienced the largest contraction 15.3 per cent in real GVA over the years.
Banana production, which represents the main crop, declined by 27.0 per cent while total banana export production and revenue fell by 33.0 per cent and 32.0 per cent respectively.

The replanting program, which began in the last quarter of 2001, and the adverse weather conditions, largely affected banana production.
Revenue from the export of non-banana crops declined by 2.8 per cent compared to that of 1999. limes, and plantains all increases, while dasheen and grapefruits recorded a fall value added of crops moved from EC$628m in 2000 to EC$53.2m in 2001. in 2000 recorded in export revenue.

The total Bay oil, coconuts, The value added for livestock was estimated to have increased by 1.0 per cent for 2001, while the forestry sub-sector indicated that production grew by only 1.0 per cent.
Preliminary estimates indicated a rebounding of the fishing sector to the 1999 level, registering a growth of 1.4 per cent.

This increase in supply was largely due to efforts .

aimed at improving and expanding fish landing sites and fishing technologies particularly, the Fish Aggregate Devices (FAD), and improvements in fishing boats, gear and production methods.

• .'

" Construction, Mining & Quarrying fall The construction sector experienced a 4.6 per cent in value added in 2001 compared to 2000.
A fall of 2.0 per cent was recorded for imported construction materials, moving from EC$44.1 m to EC$43.2m in 2001.

The number of new authorized construction starts decreased substantially (16.5%) from 109 to 91 starts in 2001.

Residential construction, which accounted for 89 per cent of construction starts, dominated the number of new construction activity in 2001.

The value of the new It must be noted that this construction starts declined significantly by 55.0 per cent.
substantial decline is largely as a result of the absence of large Government projects in 2001 when compared to that of 2000.

Mining and Quarrying the The mining and quarrying sector continued to mirror in real Gross value added (GVA) was recorded construction sector.

A 4.0 per cent fall while domestic sales of local construction materials recorded a decline of 11.2 per cent.

the performance of Manufacturing Sector This sector continued to be dominated by the production of soap and soap related products.
Preliminary data indicated that this sector declined by 14.8 per cent in real terms, after experiencing an 8.5 per cent growth in 2000.

Contributing to this decline was the substantial in soap and soap related products and dental cream.

Decreased production was also noted in paints and varnishes and corrugated cartons.

fall Electricity & Water This sector recorded real growth of 2.7 per cent in 2001.

The electricity sub-sector grew by 25 per cent with a 2 .7 per cent growth in sales to 63,554 kWh.
Water consumption increased by 6.4 per cent, registering a value added of $1.1m.

Wholesale & Retail Trade Reflecting the decline in economic activity of the productive sectors, and the substantial fall in imports, the wholesale and retail trade sector registered a decline of 3.0 per cent in real terms for the year 2001.

The flow of imports recorded a decline of 11.6 per cent moving down to EC$353.71 m in 2001.
Banks and Insurance Sector This sector grew by 2.2 per cent in real terms in 2001, compared to the 0.3 per cent increase experienced in 2000.

The Banking services grew by 2.5 per cent.

Commercial banks assets grew by 4.2 per cent while commercial loans and advances • [4 declined by 1.7 per cent.

Loans and advances disbursed for productive purposes such as agriculture, and manufacturing declined.

On the other hand, personal loans and advances recorded an increase of 1.8 per cent.
A growth of 2.2 per cent in real terms was recorded for the credit unions sub sector Credit union membership increase to 70,739 in 2001.

The insurance sub-sector registered an increase of 2.9 per cent in the value added of the services provided.

Real Estate, Housing & Other Services The real estate and housing sector grew by 1.0 per cent in 2001, while the other services sector increased marginally by 0.5 per cent after having experienced a decline of 0.5 per cent in 2000.
Government Services terms in 2001.

Output of government services increased by 4.4 per cent Government's current revenue was estimated to have decreased by 6.1 per cent while current expenditure increased by 4.0 per cent.

Central Government revenue was primarily affected by a slow down in the economy and the decline in consumption tax, which was largely affected by the fluctuations in the world market prices of petroleum products.
in real Hotels & Restaurants - Tourism Sector This sector registered a decline in activity of 4.1 per cent in real terms.

This decline was largely attributed to the global terrorists' threat in the aviation industry during the year Tourist arrivals fell by 4.6 per cent with European tourist registering a 46.6 per cent decrease.

Cruise ship passengers fell by 13.4 per cent moving from 239,796 to 207,627 passengers while excursionist recorded a significant drop of 31.5 per cent.
Transportation Sector The transportation sector further declined in 2001.

The value added in constant prices for this sector declined by 6.5 per cent.

This performance was influenced largely by the fall in activities in all the sub-sectors.

The road transport sub-sector, which primarily reflects the activities in both the construction and tourism industry, recorded a decline of 9 per cent in real growth.
Largely influenced by the declines in cargo handled and passenger arrivals and departures by sea, sea transportation fell by 3.5 per cent in real Gross Value Added at constant prices 15 The air transportation sub-sector was adversely affected by the late third quarter global terrorist threat on the aviation industry, thus recording a decline of 2.2 per cent in real GVA in 2001.
For the period September to December 2001 a drop of 4 per cent was realized in air passenger arrivals; while for the entire year, a 5.3 per cent fall was registered.

Communications This sector continued to decline recording negative growth of 7.7 per cent in 2001.

However, this sector continues to contribute approximately 11.0 per cent to the overall GVA at constant prices.

Balance of Payments The Balance of Payments of Dominica registered an overall surplus for !he fourth consecutive year in 2001.
The current account improved slightly moving from a deficit of $157.0m to $132.0m.

Contributing to this performance was the combination of declines in imports, outflows of investment income and portfolio investments and the increase in government current transfers.

The capital account recorded an increase largely due to the increase in capital grants received by the Government.
• • 16 ECONOMIC ACTIVITY IN DOMINICA REVIEW OF 2000 OVERVIEW For the year 2000 real GOP remained relatively stable moving by approximately 0.1 per cent, compared to the 0.63 per cent experienced in 1999.

This slow down in economic activity was largely a reflection of the contractions in the Agriculture, Hotel & Restaurants, Transportation, Communications and Other Services sectors and the marginal growth in the Manufacturing, Mining and Quarrying, Government and Construction sectors.
The Consumer Price Index remained relatively stable increasing marginally by 0.9 per cent.

Agricultural Sector The agricultural sector contracted by 1.1 per cent reflecting primarily the lower levels of in the banana and fishing industry.

The Livestock and Forestry sectors output continued to grow marginally.

Crops Real output in the crop sector declined slightly by 1.4 per cent in 2000.

Agricultural exports revenue declined significantly by 18.3 per cent.
Total banana exports declined by 2.5 per cent with DBMC's banana exports declining by 2.2 per cent moving from 27,776 tonnes to 27,231 tonnes in 2000.

The year 2000 saw exceptionally low market prices with banana export revenue falling by approximately 23.0 per cent to $32.5m.

As reported by the DBMC fewer active farmers were in the market mainly due to low productivity, uncertainty of the market and the significant drop in prices.
Construction, Mining & Quarrying The Construction and Mining and Quarrying sectors both registered positive growth.

The Construction sector continued to grow recording a 2.0 per cent growth in 2000.

The total value of construction starts recorded for the year 2000 increased by about the imports of An increase of 14.0 per cent was recorded for 93.0 per cent.

construction materials moving from $38.5m in 1999 to $44.1 m in 2000.
The year 2000 saw the commencement of the construction of the Windsor Park Stadium, Dominica Water and Sewerage Company's (DOWASCO) Roseau Water & Sewerage Project, and the completion of the sea defense walls.

• The Mining & Quarrying sector Aggregates exports increased by 360 per cent, reflecting the increase in production.

recorded real growth of 1.9 per cent in 2000 .


17 Manufacturing -Sector The manufacturing sector experienced an 8.5 per cent increase in real terms in 2000 after recording a 17.3 per cent decline in 1999.

The higher level of output was mainly attributed to a 27.0 per cent growth in liquid cleaners and dental cream and a 15.0 per increase in volume of paints and varnish.

However, decreases in soap and cent beverage production were noted.
Electricity & Water The electricity and water sector registered real growth of 2.5 per cent in 2000.

The electricity sub-sector grew by 2 per cent while the water ~ sector grew by S per.cent.

Revenue from electricity sales increased by 2.7 per cent, However revenue from the increase in water sale of water connections.
fell by 2.5 per cent, despite the 4.3 per cent Wholesale & Retail Trade The wholesale and retail trade sector grew by 3.4 per cent at current prices during the year reflecting the increased levels of output of the Manufacturing and construction sectors and the rise in imports.

Growth of 2.5 per cent was experienced in real terms.

Banks and Insurance Sector The Banks and Insurance sector experienced a slow down in activity, with the real growth increasing minimally by 0.3 per cent.
The banking sub-sector recorded a marginal growth of 0.31 per cent.

Commercial banks assets and deposits recorded declines of 1.0 and 5.1 per cent respectively, while commercial banks loans and advances registered an increase of 10.1 per cent.

The Credit union with an increase in membership of 2.0 per cent, recorded a 2.1 per cent in real growth for the period 2000 when compared to 1999.
Contrary to the performance of the banking and credit union sub-sectors, the insurance sub- sector however recorded negative growth of 1.5 per cent for 2000.

Real Estate & Housing, & Other Services The real estate & housing sector recorded value added of $15.7m in 2000 while registering a small growth of 1.0 per cent.
The Other Services sector, which comprises other medical, legal and professional services, registered a decline in activity of 0.5 per cent in real growth, a record decrease for the last 21 years.

Government Services This sector recorded an increase of 4.5 per cent terms in the year 2000, compared to a 0.2 per cent growth in 1999.

An increase of 4.3 per cent in the number in real IS • • of established employees was recorded in 2000.
Central Government current expenditure recorded an increase of about 10 per cent with wages and salaries increasing by 4.2 per cent In the year 2000, Current revenue amounted to $214.2m increasing by 6.7 per cent.

Wages and salaries increased by 4.0 per cent, accounting for just over 50 per cent of current expenditure.

Debt servicing increased significantly in 2000, borrowing on commercial $41.9m in 2000. terms.
the increased largely because of Interest payments moved from $19.6m in 1999 to Hotels & Restaurants - Tourism Sector After experiencing growth of 4.3 per cent in 1999, the hotel and restaurant sector recorded a contraction in activity, declining by 5.6 per cent in 2000 recording real GOP of $1 G.'6m, compared to $11.3m in 1999.

It must be noted that 1999 was an unusual year (reunion year) thus contributing to the larger number of visitors.
The year 2000 recorded a decline of 5.4 per cent in visitor arrivals and an 18.7 per cent rise in cruise ship passengers.

The number of visitors who stayed at paid accommodations declined by 14.2 per cent whiles those at private homes increased by 1 per cent.

Total visitor expenditure declined by 5.0 per cent moving from $137.0m in 1999 to $130,Om in 2000.

Transportation Sector The transportation sector registered a decline of 2.0 per cent in 2000 compared to the 1.4 per cent experienced in 1999.
Communications This sector experienced a 4.4 per cent fall in constant prices for 2000.

The contraction was mainly due to a reduction in revenue, which reflected the fall in the cost of overseas calls and the slow down in economic activity.

Balance of Payments The Balance of Payments recorded an overall surplus of $1.2m in 2000 compared to the $28.5m achieved in 1999.

The decline in the overall surplus is mainly as a result of the fall in foreign assets of the Government and the imputed reserves.
The current account deficit widened significantly moving from $1 07.5m in 1999(14.9% of GOP) to $164.7m (227% of GOP) in 2000.

This worsening of the current account is attributable to a combination of the decline in domestic exports, and increased imports.

The surplus on the Capital and Financial account grew by 24.0 per cent in 2000.
ECONOMIC ACTIVITY IN DOMINICA REVIEW OF 1999 OVERVIEW Economic activity decelerated during 1999, with real GOP increasing by 0.63 per cent compared with a growth rate of 3.16 per cent in 1998.

This weakened performance was associated mainly with decreased activity of the agriculture sector, (particularly the banana industry) and the manufacturing sector.

Agricultural Sector The agriculture sector recorded a decline for the third consecutive year.
The sub sector, crops continued to be the major contributor declining by 3.4 per cent while livestock, forestry and fishing sub-sector all recorded increased activity.

The real value added of crops declined moving from $66.0m in the last year to $63.7m in 1999.

Banana continued to be the main contributor to the agricultural sector.

However, in the current year production fell to 29,519 tonnes reflecting a 3.8 per cent drop.
According to OBMC, "the market environment in which the OBMC operates weakened markedly in 1999".

Although production was less than that of 1998, the OBMC recorded an increase in export revenue largely due to better quality fruits.

The effects of the tropical storms, low labour productivity, poor soil nutrients inconsistent and unavailability of labour, status and low organic matter content were some of the factors contributing to the decline in exports.
The livestock and forestry sub-sectors both registered increases in real output of 1.5 and 0.9 per cent respectively.

An increase of 3.9 per cent was recorded in the fishing sector.

Construction, Mining & Quarrying The construction sector recorded some improvement in activity.

After recording a decline in activity of 4.0 per cent in 1998, the year 1999 registered increased activity, recording real growth of about 3.8 per cent.
In 1999, the values of construction imports increased by 12.8 per cent while the value of authorized starts fell by 20.5 per cent.

The Mining and Quarrying sector continued to mirror the activities of the Construction sector recording an increase of 3.9 per cent in real GVA.

Manufacturing Sector This sector is largely dominated by the production of soap and soap related products and dental cream.
Other products such as soft drinks, alcoholic beverages, paints and varnishing and cement related products form part of this sector.

This sector contributed 6.0 per cent to real GVA in 1999, compared to an 80 per cent in 1998.

In 1999, value added in the manufacturing sector declined significantly recording the highest • 20 contraction of 17.0 per cent in the 1990's.
This decline in real GVA was largely attributed to the decline in production of beverages, soap and soap related products and paints and varnishes Electricity & Water to expand with real GVA increasing to The electricity and water sector continued' Contributing to this increase was the increased $18,2m, moving from $16,7M, consumption of electricity, which moved from 57,295 KWH in 1998, to 60,594 KWH in It must be noted that the Hotel category 1999 recording a 5,8 per cent recorded the highest growth (40%) In contrast, water consumption declined by 5 per cent.
in electricity consumption, increase, Wholesale & Retail Trade The wholesale and retail trade sector (distributive sector) continued on its expansion trend, For the year 1999, value added in this sector increased by 2,5 percent.
Banks and Insurance Sector Activity within the banking and insurance sector increased by 6,8 per cent in 1999, but at a slower rate than that of 1998, which registered an 8,0 per cent, increase, For the period under review, the banking sector recorded an increase in value added of approximately 9,0 per cent moving from $39,1 m to $42.5m.

Domestic credit increased by 4,0 per cent and stood at $406,3 at the end of the reviewing period, while the money supply increased by 3.0 per cent.
The largest contributor towards the performance of this sector was the credit union sub sector, which recorded an 11,0 per cent increase in value added, For the year 1999, credit union membership increased by 11,0 per cent moving from a membership of 61,015 to 67,852.
However, activity in the insurance sector contracted by approximately 6,0 per cent Government Services The Government sector, which includes the Dominica Social Security, recorded real GVA of $78,5m, increasing by less than 1,0 per cent Personal emoluments for Central Government increased by 7,6 percent while interest payments increased by 3,5 per cent.

In 1999 central government current account recorded a deficit of $2,8m.
Contributing to this decline was the fall of 0,6 per cent in current revenue with tax revenue decreasing by 3,5 per cent while non-tax revenue recorded an increase of 0,8 per cent.
Hotels & Restaurants - Tourism Sector The hotel and restaurant sector displayed some improvements in 1999, recording real GVA growth of 4,3 per cent in 1999, after experiencing a decline of 4,0 per cent in 1998, This boost in activity can largely be attributed to the increased number of visitor arrivals, which amounted to 70,791 recording an increase of 12,0 per cent.
Excursionist also increased by over 200,0 per cent moving from 1,468 in 1998 to 3,924 in 1999, On the other hand, cruise ship arrivals declined by 17,0 percent recording 202,003 visitors in 1999, The number of visitors staying at paid accommodations increased by 17,0 per 2\ cent, while visitors staying at private homes increased by 9.7 per cent.

Transportation Sector in its value added The transportation sector experienced marginal recording a growth of approximately 1A per cent during 1999.
The largest contributor to this performance was air transportation.

improvement Road transportation remained relatively stable, recording real GVA of $24.3m.

This may be attributed to the declining performance in the agricultural sector during the period.

Sea transportation recorded an increase in value added of just about 2.0 per cent, with passenger arrivals and departures increasing by 14.0 per cent.

Air transportation recorded an increase of 7.0 per cent in real GVA.
Contributing to this increase was the boost in both passenger arrivals and departures by air.

Comm unications The communications sector, which comprises the telephone and postal services, continued to expand.

Value added in this sector increased by 13.0 per cent.

During the last quarter of 1999, a decrease in telephone rates of 30.0 per cent was experienced resulting in a decline in the communications deflator.
Balance of Payments In 1999 the Balance of Payments statistics indicated that the overall balance showed an improvement over the previous year.

Its contribution to GDP at market prices improved to 3.9 per cent.

The Current Account deficit worsened, moving from a deficit of $62.1m to $96.9m in 1999.

This resulted in an increased GOP ratio of 8.9 per cent in 1998 to 13A percent of GOP in 1999.
However, the surplus on the Capital and Financial Account increased sUbstantially by $1 DDAm, contributing 18.1 per cent to GDP in 1999, compared to a 4.4 per cent contribution in 1998.

The Balance of Payments transactions were largely financed by the Imputed reserves and government foreign assets.

22 ECONOMIC ACTIVITY IN DOMINICA A REVIEW OF 1998 OVERVIEW activity The Dominican economy recorded positive growth in 1998.
Real GOP was 3.16 per cent This performance was largely influenced by higher than that of the previous year.

increased Insurance and Communication sectors.

The Construction, Mining and Quarrying and Hotel and Restaurant sectors all experienced depressed activity.

The consumer price index was relatively stable with inflation of less than 1.0 per cent experienced in that period.

The external current account recorded some improvement in 1998, with the deficit declining by $52.0m.
in the Manufacturing, Utilities, Banking and Agricultural Sector Crops The agricultural sector continued on the decline recording a fall of 2.0 per cent in 1998.

For the period under review, banana exports amounted to 28,641 tonnes, representing a decline of 18 per cent from the 34,911 tonnes exported in 1997.
The decline in exports, as stated by the DBMC, was largely due to several factors, "mainly that farmers were leaving the industry, hostile weather conditions and reduction in acreage resulting from replanting activities".

For the year 1998, the value of non- banana crops exports increased by 6.7 per cent while domestic consumption declined by 2.1 per cent.

As a result, the total value of production of these crops declined marginally by 0.9 per cent.
The livestock and forestry sub-sectors both recorded increases in activity of 1.5 and 0.9 per cent respectively.

Activity within the fishing sub-sector reflected an increase in real output of 1.6 per cent.

Construction, Mining & Quarrying Activity in the Construction sector is estimated to have decreased by approximately 4.1 per cent, while output in the Mining & Quarrying sector contracted by 9.4 per cent.
During the period under review, the actual number of authorized starts registered 107, 18 less than that for 1997.

The value of these starts is estimated to have declined by apprOXimately $2.0m to $34.2m.

Residential buildings continue to account for most of the construction activity.

• The Mining & Quarrying Sector registered a decline of 9.4 percent, after recording an increase of 3.9 per cent in 1997.
However, total aggregates exported were valued at $1.6m an increase of 122.0 per cent over the 1997 leveL Manufacturing Sector The manufacturing sector experienced an 8.5 per cent increase in real terms in 2000 after recording a 17.3 per cent decline in 1999 The higher level of output was mainly attributed to a 27.0 per cent growth in liquid cleaners and dental cream and a 15.0 per increase in volume of paints and varnish.

However, decreases in soap and cent beverage production were noted.
Electricity &Water The electricity and water sector registered real growth of 2.5 per cent in 2000.

The electricity sub-sector grew by 2 per cent while the water sub sector grew by 6 per cent.

Revenue from electricity sales increased by 2.7 per cent, However revenue from the increase in water sale of water fell by 2.5 per cent, despite the 4.3 per cent connections.
Wholesale & Retail Trade The wholesale and retail trade sector grew by 3.4 per cent at current prices during the year reflecting the increased levels of output of the Manufacturing and construction sectors and the rise in imports.

Growth of 2.5 per cent was experienced in real terms.

Banks and Insurance Sector The Banks and Insurance sector experienced a slow down in activity, with the real growth increasing minimally by 0.3 per cent.

The banking sub-sector recorded a marginal growth of 0.31 per cent.
Commercial banks assets and deposits recorded declines of 1.0 and 5.1 per cent respectively, while commercial banks loans and advances registered an increase of 10.1 per cent.

The Credit union with an increase in membership of 2.0 per cent, recorded a 2.1 per cent in real growth for the period 2000 when compared to 1999.

Contrary to the performance of the banking and credit union sub-sectors, the insurance sub- sector however recorded negative growth of 1.5 per cent for 2000.
Real Estate &Housing, &Other Services The real estate & housing sector recorded value added of $15.7m in 2000 while registering a small growth of 1.0 per cent.

The Other Services sector, which comprises other medical, legal and professional services, registered a decline in activity of 0.5 per cent in real growth, a record decrease for the last 21 years.

Govemment Services This sector recorded an increase of 4.5 per cent terms in the year 2000, compared to a 0.2 per cent growth in 1999.
An increase of 4.3 per cent in the number in rea!

24 • cent with an increase of 2.6 per cent and 14.5 per cent in personal emoluments and interest payments respectively.

A current account surplus of $10.2m was recorded while an overall deficit (after grants) of $6.5m was recorded for 1998.

Hotels & Restaurants - Tourism Sector largely reflects the activities within the tourism sectors and is used This sector frequently as a proxy for estimating tourism contribution to overall GOP.
Economic activity in this sector is estimated to have declined by 4.0 per cent.

The major contributor to this poor performance was the 4.7 per cent drop in visitor arrivals, which increase in cruise ship passengers Total visitors countered the 6.0 per cent expenditure was estimated at $125.64 m. Transportation Sector The transportation sector recorded real growth of 3.6 in 1998, compared to the 0.2 per cent decline experienced in 1997.
This growth was largely influenced by increased activity in the water transportation sUb-sector, which grew by 13.2 per cent reflecting the increases in cargo handled at the sea ports, sea passenger arrivals and departures, and pumice and aggregates exports.

The road transportation sub sector recorded a declined in activity of 1.0 per cent, which largely reflected the decline in visitor arrivals.
The decline in tourist arrivals and the drop in air passenger arrivals and departures largely affected air transportation.

Thus a contraction of 4.2 per cent was recorded for this sector.

Communications The communications sector continued to expand recording another year of growth in 1998, registering real growth of 11.0 per cent.

The Balance of Payments In 1998 the current account deficit narrowed to $ 62.1m from $114.1m in 1997.
This represented a movement from 17.2 per cent to 8.9 per cent of Gross Domestic Product at market prices.

The main contributor to this improved performance was the increase in exports of goods, which rose from $141.3m to $167.5m A substantial decline in the capital and financial flows attributed to a sharp drop in capital transfers moved the capital and financial account from $128.1m to $30.8m in transfers was largely a reflection of the debt forgiveness 1998.
The fall granted in 1997, which was not received in 1998. in capital '1;::: ,,;.. ' TABLE 1 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CURRENT PRICES (EC$MILLlON) Sector 1991 1992R 1993R 1994 1995 1996 1997 1998 1999 2000 2001 Agriculture Crops l1IIestock Forestry Fishing lO.28 1\4.12 91.66 8.19 3.59 1tI.68 112.54 90.10 8.27 3.62 HJ.55 103.32 BO.61 8.35 3.66 10.70 Mining & Quarrying 3.03 331 3.44 4.08 4.70 4.85 5.09 4.63 4.90 5.02 492 Manufacturing 30.71 J5.55 3753 35.27 3717 3943 42.29 50.81 49.30 54.44 47.24 Electricity & w_ 11.49 17.19 1887 20.02 21.11 23.60 2621 29.24 3349 34.63 35.84 Construction 31.09 32.51 3435 40.83 46.96 4849 47.66 46.27 48.96 50.19 49.15 Wholesale & Retail Trade 44.36 48.11 5014 55.99 58.62 6230 65.39 67.72 70.20 72.58 71.71 Hotels & Restaurants 8.82 10.05 12.56 13.38 1506 14.76 1520 15.50 16.16 15.39 14.90 Transport Road Transport Sea Transport Air Transport '.
COmmunications 28.39 31.66 31.51 32.43 38.32 3948 44.57 49.46 52.12 47.84 44.18 Banke & Insurance 4721 48.63 5094 55.03 5985 61 57 59.79 65.73 68.72 70 \I 71.62 Real Estate & Housing 14.74 1640 16.68 17.29 17.81 1848 19.12 19.88 2027 2088 21.30 Government Services 80.64 80.07 84.54 96.76 93.71 100.93 103.83 112.87 116.51 121.69 128.37 other Services Lese FISIM 4.21 439 4.74 6.78 765 8.11 847 9.07 945 9.50 972 3444 34.79 35.09 4075 46.32 45.96 43.86 51.93 52.11 53.98 55.60 GVA in Basic Prices 407.36 435.87 456.35 494.06 500.68 537.49 554.70 585.05 609.65 617.34 600.54 GROWTH RATE 10.14 7.00 4.70 8.16 1.34 7.35 3.10 5,</7 4.10 1.16 -1.71 Plus Product Tax.. Less Subsidies 79.82 81.88 8478 8768 91.02 100.39 106.94 11547 113.16 110.67 10999 : GOP in Market Prices 487.18 51775 54l 13 581.74 59170 637.88 661.64 70052 72281 728.0\ 711) '5} Growth Rate 8A9 6.28 4.52 7.50 \.71 7.80 372 5.88 3.18 0.72 -2.40 26 TABLE 2 COMMONWEALTH OF DOMINICA GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CONSTANT PRICES (EC$ MILLION) Sector 1991 1992R 1993R 1994 1995 1996 1997 1998 1999 2000 Agriculture Crops Livestock FOfestry Fishing 91.96 7682 6.47 2.&5 582 93.69 78.\\ 6.63 308 5.87 94.05 77.71 667 3 II 6.56 9055 73.29 6.79 3.16 73\ 83.\9 65.62 6.9.'
3.21 7.42 87.74 69.89 7.02 3.27 7.56 86.43 67.99 713 3.32 799 84.71 66.00 7.24 335 8.12 8290 6373 7.35 3.38 844 81.98 62.81 742 3.4\ 8.34 2001 72.62 53.23 7.49 3.44 8.46 Mining & Quarrying 2.60 2,92 3.04 3.26 3.68 3.57 3.71 336 349 3.56 339 Manufacturing 27 49 29.60 30JJ4 27.15 27.77 29.44 30.\8 35.26 29.\6 31.63 2695 Electricity & Water 11.92 13.15 12.73 13.60 14.44 15.52 16.68 18,23 19.18 19.66 20.19 Construction 18.70 2850 :!9.64 12.60 36.76 35.66 35.05 3J.60 34.86 35.55 33,90 Wholesale & Retail Trade 42.30 4348 44.66 49.02 50.66 5294 54.26 55.65 57.02 58.45 5669 Hotels & Restaurants 8.82 9.02 10.67 11.37 11.66 \\.113 11.25 10.80 \1.26 10.63 1019 : Transport Road Transport Sea Transport Air Transport 34.94 20.54 10.85 355 36.72 2\16 11.89 3.67 38.36 21.69 13.29 3.38 39.72 22.77 13.64 331 40.79 23.23 14.0\ 3.55 43.09 42.99 24.
)6 2452 14.65 15.22 3.82 3.71 44.52 24.27 1659 3.66 45.12 24.28 16.92 3.92 44.20 25.13 15.35 J 72 41.32 22.87 14.8\ 3.64 Communications 28.38 31.61 31.46 32.38 38.26 3942 44.50 49.38 55.59 53.16 49.09 Banks & Insurance 4888 47.81 47.02 49.58 5373 52.80 50.56 54.62 5831 58.46 5976 Real Estale & Housing 13.77 13.91 13.95 14.23 14.47 1476 14.91 15.20 15.50 15.66 15.81 Government Services 70.07 70.07 71.60 72.05 71.09 72.16 74.23 78.33 78.5\ 82.00 85.64 Other Services Less FISIM 3.98 4.06 4.31 4.74 528 5.50 5.61 5.83 6.01 5.98 6.01 36.03 36.40 3618 36.41 41.47 40.69 39.06 46.25 46.44 47.37 48.79 GVA in BaSiic Prices 377.78 388.14 395.35 403.84 410.31 422.94 431.30 443.24 450.4' 453.55 432.77 GROWTH RATE 2.15 2.
74 1.86 2..15 1.60 HI8 198 2..77 1.63 0.68 -1.58 Plus.
Proouet Taxes Less Subsidi8$ 79.82 81.88 73.45 71.67 74.59 73.99 83.15 87.48 83.6\ 81.31 79.26 GOP in Market Prices 457.60 47002 468.80 47551 48490 501.93 514.45 53072 5J-I.08 534.BE 5110J Growth Rate 1.99 2.71 1.68 1.43 1.98 3.51 2.49 3.16 0.6J 0.14 -1-.2"7 27 TABLE 3 COMMONWEALTH OF DOMINiCA PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY AT BASIC PRICES IN CURRENT PRICES Sector 1991 1992R 1993R 1994 1995 1996 1997 1998 1999 2000 200'1 Agriculture Crops Livestock FOJrestry Fishing 23.79 19.90 1.6.1 0.70 156 22.40 1862 1.56 o 70t 1.47 ~1.48 IUD 15C O.T} 156 21.7J 1798 1.47 0.67 1.60 1888 15.12 1.48 0.69 160 19.91 16.34 1.40 I)f;) !.52 19.39 15.64 1.43 () 6-1 [ 69 lB.85 15.10 1.38 0.61 l.76 18.72 1:5 03 1)4 !l.59 I 7~ 1823 14.59 I ..4 0.59 l.71 17.20 IH2 1.39 {;51 178 Mining & Quarrying 0.14 0.76 0.75 083 0.94 0.90 0.92 070 0.80 0.81 0.82 Manuf3cturillQ 7.54 S.16 8.22 7.14 741 734 7.6"2- 868 809 882 787 Electricity & Water 2.82 3.9·1 413 4.05 -122 4.39 4.73 5 00 5A9 5.61 5.97 Construction 7.6.1 746 7.5.1 826 938 9.01 859 7.91 8.03 8.13 8.18 Whofesale & Retail Trade Ili.BQ ll.li-l 10.99 11.33 11.71 11.59 1 i.79 IUS 1151 11.76 I i.9-l Hotels & RQs~urarlts 217 2 Ji :.75 1.71 3.01 275 274 265 2.65 2.-l9 Transport Road Transport Sea Transport AJr Transport 9.87 5 16 3.78 0.93 1036 5.53 3.90 O.!J2 10.55 5.55 4[8 0,,2 10.\).1 5.18 392 0.74 10.28 5.42 397 0.89 10.13 5.2j 40.1 0.86 9.62 5.16 36,) 0.85 949 485 387 0.78 9.44 4.65 395 (iJW 9.15 4.79 .1.57 0.79 1.48 887 457 36\ a.gD , Communications 697 7.26 690 6 56 7.65 :' 35 8.U.1 B.45 8.55 ".75 7.36 Banks & I"surance 11.59 IU6 11.16 IU4 11.95 1l.-l6 10.78 11.2.1 11.17 IU6 11.9.1 Real Estate & Housing 3.62 3.76 3.66 3.50 3.56 3.44 _'.45 .1.40 3..12 338 355 Government Services 19.80 18.37 la.53 1958 18.72 1878 18.72 19.29 19.11 19.71 21.38 Other Services LessFISIM TOTAL 1.03 8.45 1.01 1.04 1.37 153 151 15.1 1.55 155 154 1.62 ?,9~ 7.69 8.25 9.25 855 7.91 8.88 8.55 8.74 9.26 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 TABLE 4
 COMMONWEALTH OF DOMINICA PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY AT BASIC PRICES IN CONSTANT PRICES Sector 1991 1992R 1993R 1994 1995 1996 1997 1998 1999 2000 2001 Agriculture Crops Li'.estock Forestsy Fishing 24.34 20.33 1.71 0.75 1.54 24.14 20.12 1.71 0.79 l.SI 23.79 /9.66 1.69 0.79 1.66 22.42 18.15 1.68 078 1.81 20.27 15.99 l.69 Mining & Quarrying 0.69 0.75 077 081 0.90 0.84 0.86 0.76 077 0.78 0.78 Manufacturing 7.28 7.63 7.60 6.72 6,77 6.96 7.00 7.96 647 6.97 6.23 Electricity & W_ .1,16 339 3.22 3.37 3.52 3.67 3.87 4.11 4.26 4.33 4.67 Construction 7.60 7.34 7.50 8.07 8.96 843 8.13 7.58 7.74 7.84 783 Wholesale & Retail Trade 11.20 11.20 11.30 12.14 12.35 12.52 12.58 1256 12.66 1289 13.10 Hotels & Restaurants 233 2.32 2.70 : Transport Road Transport See Transport Air Transport 08: 9.55 528 3.42 0.84 Communlc:ations 7.51 8.14 7.96 8.02 932 932 10.32 11.14 1234 11.72 11.34 Banks & Insurance 12.94 12.31 11.89 1218 1309 12.48 11.72 12.l1 11.94 11.89 13.81 Real Estate & Housing 3.64 3.58 3.53 3.52 3.53 3.49 3.46 3.43 3.44 345 3.65 Government Services 18.55 18.05 18.11 17.84 17.33 17.06 17.21 17.67 1743 18.08 19.79 Other Service$ Less F!SlM TOTAL 1.05 9.54 1.05 1.09 1.17 1.29 1.30 UO U2 LJ3 U2 U9 9.38 9.15 902 10.11 962 9.06 10 43 10.31 1044 11.27 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 , 2'1 TABLE 5 COMMONWEALTH OF DOMINICA RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTMTY, AT BASIC PRICES, IN CURRENT PRICES ('Yo) Sector 1991 1992R 1993R 1994 1995 1996 1997 1998 1999 2000 2001 Agriculture Crops Livestock
 Forestry FIshing 478 U7 6.06 252 10.03 0.73 0.16 2.50 12.63 0.79 0.40 -tl.52 064 L87 1108 952 10.00 5.83 183 IUO -11.92 -1481 207 3.00 1.52 13.16 16.~ 1.35 146 187 0.55 -1.24 5.73 1 ,~-!
l4.67 2.50 188 1.64 o 85 9.59 349 3.73 1.49 0.84 3.89 -1.38 -1 70 0.98 O.IH ."
-, ..:... -8.19 -10.53 0.97 1.10 \ 42 Mining & Quarrying -I 62 924 JQ3 18,0 15,20 3.19 4.95 -9.04 5.83 245 -1.<J9 Manufacturing 16.19 15.76 5.57 -6.02 539 6.08 725 20.15 -2.97 lOA3 -13.23 Electricity & Water 277 49.61 977 6.09 5,44 11.80 11.06 1156 14.53 JAO JA9 Construction 10.40 4.56 5.66 1886 15.01 3.26 -171 -2.92 5.81 2.51 -207 Whr.>lesale & Retail Trade 801 8.46 4.21 11.67 4.70 6.28 4.96 3.56 3.66 339 -1.20 Hotels & Restaurants 15.60 L1.95 2498 6.53 i2.56 -1.99 2,98 1.97 4.26 -4.76 -3.18 Transport Road Transport Sea Transport Air Transport 11.11 532 20.39 10 I7 12.36 14.1J.l lOA5 633 6.56 503 1198 -720 3.08 5.0\ 1.57 -2.41 3.79 1.99 2.74 2247 5.77 .. 02 8.30 2.91 -2.02 I.49 -7.67 304 4.07 -llll 13 26 -4.01 3.fl6 0.04 6AI 12.53 -182 4.37 -8.51 -4.b9 -4.67 -7.30 ~1.72 -2.u; , Communications 19.97 11 54 -0.47 2.92 18.16 3.03 12.89 10 97 5.38 ·~.21 -7.65 Sanks & Insurance 1335 3.lJl 475 8.03 8,76 2.87 -2.89 9.93 4.55 2.02 2.15 Real Estate & HOUSIng 9.10 IU3 1.69 3.66 3.01 .176 Government Services 1685 -0.71 5.58 14A5 -3 15 7.70 JA6 2.87 3.
'T1 1.96 3.01 8.71 3.22 445 2.01 5A9 Other Services 7.95 4.30 7.95 43.04 12.83 6.01 444 7.08 419 0.53 232 Less ASIM TOTAL 22.52 11)2 0.86 16.13 13.67.

-0.7& -4.57 18AO 0.35 3.59 3.00 10.14 7.00 4.

70 8.26 1.34 7.35 3.20 5.47 4.20 1.26 ~2.
72 30 TABLE 6 COMMONWEALTH OF DOMINICA RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY, AT BASIC PRICES, IN CONSTANT PRICES (%J sector 1991 1992R 1993R 1994 1998 1996 1997 1998 1999 2000 2001 Agricutture Crops Li·"estock Forestry Fishing -0.57 -1.08 J.19 252 0.69 1.88 1.68 2.47 8.07 0.86 0.38 -0.51 0.60 0.97 11.75 -3.72 -5.69 1.80 1.61 11.43 -8.13 -10.47 2.06 1.90 1.50 5.47 6.51 1.30 1.55 189 -1.49 -2.72 1.57 J.j3 5.69 -1.99 -293 1.54 0.90 1.63 -2.14 -3.44 152 0.90 3.94 -III -1.44 0.95 0.89 -1.18 -11.42 -ID5 0.94 0.88 1.44 Mining & Quarrying -1558 12.31 4.11 7.24 12.88 -2.99 3.92 -9.43 3.87 2.01 -4.78 - Manufacturing 4.01 768 1.49 -9.62 228 6.01 2.51 16.83 -17.30 8.47 -1480 Electricity & Water 6.62 10.32 -3.19 683 6.18 7.48 7.47 9.29 521 2.50 2.70 Construction 1.92 -070 4.00 9.99 12.76 -2.99 -1.71 -414 375 1.98 -4.64 Wholesale & Retafl Tfade 2.99 2.79 2.71 9.76 3.35 4.50 249 2.56 2.-16 2.51 -3.01 Hotels & Restaurants 15.60 2.27 1829 6.56 2.55 -5.40 1.99 -4.00 4.26 -5.60 -4.14 .
Transport Road Transport Sea Transport Air Transport -3.43 3.01 -15.23 3.20 5.09 3.02 9.59 338 447 2.50 11.77 -7.90 3.55 4.98 2.63 ·2.07 2.69 202 2.71 7.25 5.64 -1.00 8.64 01.51 ~O.23 1.49 -3.75 2.96 3.56 -1.02 13.24 -4.19 \ 35 004 1.99 7.10 -204 3.50 -9.28 -5.10 -6.52 -8.99 -352 -2.15 Communications 19.95 1138 -0.47 292 18.16 3.03 12.89 10.97 12.58 -4.37 -7.66 Banks & Insurance 1736 -219 -1.65 jeW 8.37 -i .13 -4.24 8.03 6.7f.. 0.26 2.22 Real Estate & Hou:iing 1.92 1.02 029 2.01 1.69 2.00 1.02 195 197 1.03 0.96 Govemment Services 1.54 0.00 2.18 0.63 -1.33 1.51 2.87 5.52 0.23 445 4.44 Other SeMces 2.05 2.01 616 9.98 11.39 417 2.00 3.92 3.09 -0.50 0.50 Less FISIM TOTAL 28.18 1.03 -0.60 2,15 2.74 1.86 0.64 2.15 1J.90 -1.88 -4.01 18.41 0.41 2.00 300 1.66 3.08 1.98 2.77 1.63 0.68 -1.58 31 TABLE 7 COMMONWEALTH OF DOMINICA GROSS VALUE ADDED DEFLATORS BY ECONOMIC ACTIVITY, AT BASIC PRICES Sector 1991 1992R 1993R 1994 1995 1996 1997 1996 1999 2000 2001 Agriculture Crops livestock Forestry Fishing 10419 105.JR IOJ.93 105.51 102.81 10278 100.00 104.22 109.28 W9.20 104.21 103.9: 102.81 105 l4 108.54 118.54 121.22 10692 105.38 lli8.21 I Ll.66 115J3 106.93 10652 108.22 1~ 1.94 125.65 L06.98 10642 IOSl0 124.47 127.56 111.J6 106Jl 117.40 13017 In88 111.46 106.27 126.60 13766 IH8J 1114] 106.21 126.54 13728 143.45 111.46 106.16 116.50 1~2_27 15144 11\.48 106--1.0 12648 Mining & Qoanying 11654 113.36 113.16 125.15 127.72 IJ5.85 13720 137.80 140.40 14101 145.13 Manufacturing 11171 120.10 t2-t93 129.91 13385 13.J93 14013 144 10 169.07 172.12 175.29 Electricity &Water 96.3~ 130.7~ 148.23 147.21 146.19 I U.06 1\7.13 16039 1746\ 17614 177.51 Construction 108.JJ j l4,07 \15.89 125.25 127.75 i35.98 135.98 117.71 140.45 141.18 144.99 Wholesale &Retail Trade 104.87 110.65 11227 11422 II 1.71 11768 120,;!
12169 12311 12417 126.49 Hotels &Restaurants 10000 11142 11771 l17.68 129.16 ]J382 135.11 143.12 14352 144.78 14622 Transport Road Tran$pOrt Sea Transport Air Transport 11505 102.24 142.03 1(16.76 121.0<) IlJ.97 14315 109.81 125.47 1\6.78 143..12 110.65 124,90 116.82 14194 1\0.27 126.23 116.79 14197 125.92 12639 116.80 142.18 123.~9 124.12 116.80 Ll638 124.08 124.7] 11681 13641 124.31 127.57 11680 14232 130.61 127.85 117.79 (-103.52 131.18 13037 119.98 146.19 13l.32 , Communications 100.02 100.16 100.16 100.15 10016 100.15 10016 100.16 9~.7b 89.99 90.00 Bank's &Insurance 9658 lC~.7~ 108J4 11O.9'J 1\ 1 39 !lD.DI 118.26 120.34 1;785 l!9.93 119.85 Real Estate &Housing Ij7.04 117.92 119.57 121.50 123.08 125.20 128.24 130.79 130.77 133.33 134.72 Government Services 115.08 114.27 118.07 134.30 131.82 13937 139.88 144.10 14840 148.
":0 149.89 other Services 10578 108.15 109.98 14]0~ 144.89 In45 15098 155.57 jj7.24 158.86 151.73 Less F!SIM TOTAL 95.59 95.j8 96,99 111.92 111.70 112.95 11229 111.28 112.21 113.95 \13.96 H'.83 112.30 115.43 122.34 122.02 127.08 128.61 13\.99 135.34 136.
\I 138.77 • 32 TABLE 8 s_ Agriculture Crops Livestock Forestry Fishing COMMONWEALTH OF DOMINICA INDEX OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY, AT BASIC PRICES, IN CURRENT PRICES 1991 1992R 1993R 1994 1995 1998 1997 1998 1998 2000 2001 10·1.78 1,)4.37 10606 102.52 110.03 105.54 104.53 108.71 115.47 110.90 105.97 1U3.99 109.41 117.63 123.18 11606 IIUO 115.79 119.78 136.85 102.23 97.45 118.18 !23.38 138.93 115.68 113.08 119.7.
125.18 14152 116.32 111.68 126.63 12698 162.28 11922 113.78 128.71 128.06 177.85 12339 118u3 130.62 129.14 18478 121.68 116.02 131.90 130.22 1&2.53 111.71 10380 13317 131.65 185.12 Mining & Quarrying 9&.38 107.47 111.69 132.47 152.60 157.47 165.26 150.32 159.09 162.99 159.74 Manufacturing 116.19 134.51 142.00 133.45 140.64 149.19 16001 19224 1&6.53 205.9& 178.74 Electricity & Water 102.77 15.l.76 168.78 179.07 188.82 211.09 234.44 26154 299.55 309.75 320.57 Construction IIOAO 115A4 \21.98 14499 166.76 172.19 169.25 \64.31 173.86 17&23 174.5-1 Wholesale & Retail Trade 108.01 117.15 12208 136.33 142.73 151.69 159.22 16489 170.93 176.72 17460 Hotels & Restaurants 115.60 131.72 164.61 175.36 197.38 193.45 199.21 203.1 5 111.80 201.70 19518 T~ansport Road Transport Sea Transport Air Transport 111.1 j 105.32 12039 110.17 124.84 120.94 132.97 117.15 I.U 03 117.03 14891 108.71 137 12 133.40 15125 106.10 14232 136.06 155.39 12994 150.53 141.52 169.06 133.72 147.48 143.63 156.09 137.79 \53A8 142.18 176.80 131.27 159.Q9 142.23 188.13 14884 156.19 148A5 172.11 141.86 148.89 13761 169.14 138.95 Communications 119.97 133.81 1J3.18 13707 161.96 166.86 188.38 209.04 22019 102.20 186.73 Banks & InsuranGEl 113.35 11676 122.30 132.12 143.70 147.83 lH55 157,82 164.99 168.33 171.96 Real Estate & Housing 10910 121AI 113.46 117.98 131.83 136.79 141.51 147.15 150.04 154.55 157.66 Government Services 116.85 116.03 11250 140.21 13579 146.25 150.46 16356 168.83 176.34 186.02 Other S8fVices 10795 1\2.59 11154 173.85 1%.15 20795 21718 232.56 242.31 143.59 149.23 Less FtSfM TOTAL 122.51 113.76 124.83 144.97 164.78 163.5D 156.03 184 74 185.38 192.03 19779 110.14 117.85 123.39 133.59 135.38 145.33 149.98 158.19 1&1.84 166.92 162.38 33 TABLE 11 COMMONWEALTH OF DOMINICA RATE OF GROWTH OFGROSS DOMESTIC PRODUCT BY EXPENDITURE IN CURRENT PRICES (%) 1991 1882R 1983R 1894 1985 1886 1997 1986 1898 2000 2001 TOTAl CONSUMPTION 11.51 1.93 5.84 11.80 4.88 3.5~ -2.29 5.67 11.63 ~.24 -0.18 Privcne COI18olImption General Government 12.40 8.71 2.32 0.68 4.97 8.75 1~05 4.62 -7.68 4.88 3.16 4.69 -6.69 11.0\ 5.20 6.86 1463 4.13 4.62 3.2\ 0.62 -242 GROSS CAPITAL FORMATION ~17.78 -1.87 -2.14 7.71 25.58 -1.51 12.96 -7.96 ~.90 OAI -10.88 Transport EqUipment OI:her Equipment Construction Increase in Stock GOODS AND NOH· FACTOR SERV1CES Export of Goods E"""" of NFS Imports of Goods Imports of NFS GOP AT MARKET PRICES Producl Taxes Less Subsidles -30.55 -42.33 10.41 000 606 9.25 ·9.93 0.00 0.27 -19.26 6.26 0.00 -4.86 5.46 13.48 000 -5.\\ 48.91 26.45 0.00 -13.47 -3.72 239 0.00 72.86 1.74 5.52 0.00 -46.23 11.22 -3.07 0.00 76.37 -24.06 L1j 0.00 -2.8\ 24.\4 -668 0.00 -38.88 -10.00 -2.20 0.00 ~20.S5 -26.81 -0.59 37.96 2.50 -32.83 -18A7 -51.10 193.22 28.01 -5.77 0.72 5.91 -18.32 95.70 .
"9 0.74 -2.05 21.50 -3.82 3.92 -11.59 8.61 .
().89 -5.87 -2.18 9.38 4.\2 30.19 507 15.87 7.78 1073 4.9·1 \2.34 -2.63 2.69 1.95 20.96 380 16.22 17J3 6.04 2.51 3.55 -II 29 \1.90 15.35 9.71 -0.66 -7.37 5.46 - j 1.20 -18.33 -2.74 -11.56 0.53 6.28 4.52 7.50 1.71 7.80 3.72 5.88 3.18 0.72 -2.40 2.68 J.54 3.42 381 10.29 6.52 7.98 -2.00 -2.20 -061 , OVA AT BASIC PRICES 10.14 7.00 ~.70 8.26 1.34 7.35 3.20 5...., UO 1.26 -2.72 TABLE 10 COMMONWEALTH OF DOMINICA EXPENDITURE ON GROSS DOMESTIC PRODUCT IN CURRENT PRICES (EC$MILLlON) 1991 1992R 1993R 1994 1995 1996 1997 1998 1999 2000 2001 TOTAL CONSUMPTiON ~36.29 ~~~.72 470.71 526.27 500.58 518.29 506.43 535.15 597.39 622.72 621.58 Private consumption General Government 333 79 102.50 341.52 103.20 ,5848 112.23 408.85 11742 37743 12315 389.36 128.93 363.3 14313 382.2 152.95 43813 15Y26 458.35 16437 46\ 18 1604 GROSS CAPITAL FORMATION 1~3.51 1~0.82 137.81 1~8.44 186.41 183.60 207.40 190.89 200.25 201.08 179.21 Transport Equipment Other Equipment Construction Increase In Stock 27.44 36.11 79.% O.fXl 29.35 3945 72.02 000 29.43 3185 76.53 0.00 28.00 33.59 86.85 000 2657 50.02 109.82 0.00 22.99 4816 112.45 0.00 39.74 49.00 [1866 0.00 21.37 54.50 115.02 0.00 37.69 41.39 121.17 0.00 36.63 51.38 113.07 0.00 22.39 46H 110.58 0.00 GOOOS ANO NQN.f'ACTOR SERVICES -92.62 -67.79 -67.39 -92.97 -95.29 -6~.OI -52.19 -25.52 ·7~.83 ·95.79 -90.26 Export of Goods • E><port of NFS ... Imports of Goods ~mports of NFS II 267.13 33304 16003 150.11 24744 351.23 14211 1226 240.65 310.64 142.87 bop AT MARKET PRICES 487.18 517.75 541.13 581.74 591.70 637.88 661M 700.52 722.81 728.01 710.53 Product Taxes less Subsidies 79.82 81.88 84.78 87.68 91.02 100.39 106.94 115.47 113.16 110 67 109.99 GVA AT BASIC PRICES 407.36 435.87 456.35 ~94.06 500.68 537.49 554.70 585.05 609.65 617.34 6oo.5~ 35 TABLE 11 COMMONWEALTH OF DOMINICA RATE OF GROWTH
 OFGROSS DOMESTIC PRODUCT BY EXPENDITURE IN CURRENT PRICES (%) 1991 1992R 1993R 1994 1995 1998 1997 1998 1999 2000 2001 TOTAL CONSUMPTION 11.51 1.93 5.8~ 11.80 -4.88 3.5~ -2.29 5.67 11.63 U~ ~.18 Private consumption General Government 12.40 8.71 2.32 0.68 4.97 8.75 14.05 4.62 -7.68 4.88 3.16 469 -6.69 11.01 5.20 6.86 1463 4.13 4.62 3.21 062 -242 GROSS CAPITAL FORMATION ~17.78 -1.87 .-2.14 7.71 25.58 -1.51 12.96 -7.96 ~.90 0.41 -10.88 Transport EqUipment Other Equipment Construction Increase in Siock GOODS AND NON- FACTOR SERVICES Export of Goods Export of NFS Imports of Goods Imports of NFS -30.55 -42.33 10.41 0.00 6.96 9.25 -9.93 0.00 0.27 -19.26 6.26 0.00 -4.86 5.46 13.48 0.00 -5.11 48.91 26.45 0.00 -13.47 -3.72 2.39 0.00 72.86 1.74 5.52 0.00 -46.23 11.22 -3.07 0.00 76.37 -2406 5..15 0.00 -2.81 2414 .Q 68 0.00 -38.88 -10.00 -220 0.00 -20.65 ~26.81 -0.59 37.96 2.50 -32.83 -18.47 -5LIO 193.22 28.01 -5.77 0.72 5.91 -18.32 95.70 ~2.05 21.50 -3.82 3.92 -11.59 8.61 -{).89 -5.87 -2.18 9.38 4.12 30.19 5.07 15.87 7.78 1073 4.9·) 12.34 -2.63 2.69 1.95 20.96 3.80 16.22 17 J3 6.04 2.51 3.55 -1129 11.90 15.35 9.71 -IJ.66 -7.37 5.46 -1120 -18.33 -2.74 -11.56 053 GOP AT MARKET PRICES SA9 6.28 4.52 7.50 1.71 7.80 3.72 5.88 3.18 0.72 -2.40 Product Taxes Less SUbsidies 0.74 2.68 3.54 3.42 381 10.29 6.51 7.98 -2.00 -2.20 -0.61 1 GVA AT BASIC PRICES H>-14- 7.00 4.70 8.26 l.34 7.35 3.20 5.47 ".20 1.26 -2.72 36 TABLE 12 A: INCOME COMMONWEALTH OF DOMINICA NATIONAL ACCOUNTS AGGREGATES IN CURRENT PRICES IECS) 1.91 l>9l 1>93 1.9.
1995 I_ J997 1>98 1999 2000 2001 GVA AT BASIC PRICES -107..16 435.87 456.35 494.06 500.68 537.49 554.7 585.05 609.65 617.34 6OM4 Product Taxes Less Subsidies 79.23 79.82 84.78 87.68 91.02 100.39 106.94 115.47 11.1.16 110.67 109.99 GOP AT MARKET PRICES 486.59 515.69 541.13 581.74 591.70 637.88 661.64 700.52 722.81 728.01 710.53 NET FACTOR INCOME FROM ABROAD -20.7 -19.63 -17.19 -2973 -35.89 -5328 -45.66 -4237 -6925 -101.58 -5283 GROSS NATIONAL INCOME 465.885 496.04 523.94 552.01 555.81 584.6 615.98 658.15 653.56 626.43 657.70 NET CURRENT TRANSFERS FRC!MABROAD GROSS NATIONAL DISF'OSABLE INCOME B: APPROPRIATION 19.8 20.21 23.49 19.09 21.23 2746 27.96 344 36.61 4878 47.16 485.69 516.25 547.43 571.10 577.04 612.06 643.94 692.55 690.17 675.21 704.86 Private Final Consumption 333.79 341.52 358.48 408.85 J7743 38936 36330 382.20 438.13 458.35 46118 Government Final Consull'lption 102.50 10320 11223 117.42 123.15 12893 143.13 15295 15926 164.37 160.40 T~aJ Consumplion 436.29 444.72 470.71 526.27 500.58 518.29 506.43 535.15 59739 622.72 621.58 GROSS NATIONAL SAVING 49.40 71.53 76.72 44.83 76.46 93.77 137.51 157.40 92.78 52.49 83.28 c: CAPITAL FINANCE Gross Capfull Formation 14351 140.82 137.81 148.44 186.41 183.60 207.40 190.89 20025 201.08 179.21 Gross Nalianal Saving 49.40 71.53 76.72 44.83 76.46 93.77 137.51 157.40 92.78 52.49 8328 FOREIGN SAVINGS 94.11 69.29 61.09 103.61 109.95 89.83 69.89 33.49 107.47 148.59 95.93 , , 37 TABLE 13 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT REVENUE (Thousand of East Caribbean Dollars) 90191 91192 92/93 91194 94/95 95/96 96/97 97/98 98199 99/00 00101 Direct Taxes j6.I'H.~ -U,567 39,9.30 39.202 4I,J'}J -16,710 SO,871 48,97'8 54,917 61,1<'11 60,97'7 P~I~r:ai :n;"CJ:r-,~ T':h Company Income Tax Olll",r Direct Tnes ll.~.j.~ U,7~9 8.lS21 i l. i~H 18,272 lO,5-45 1.\9-49 16.86fi 7,Ul5 11,OC 1~,159 5.373 :.
::,J5 ~ I..UlU 5)SlS In':ll 2.~,229 ~~.fjCq ~~.C9 ~q.9']·1 22,716 19,142 20,269 3.637 .... 146 4.207 4,74-1 3-~, 159 21.849 5.163 31:':") 209]l> lU39 Indirect Taxes 82.315 80,6\6 86,635 88,54-& 91,298 97,219 100,195 109,6-\.~ 116,970 11-\.,788 106,916 Import DutleS Export Duties COI1SUITlpbon Tax Other Indirect Taxl?$ 21,188 21,83] 21.523 18,961 19.952 19,616 22,349 22,798 23,675 26,808 22,742 I) I) I) I) I) I) I) I) I) 46,150 14,977 4-i,S40 13,945 48,9")6 15,116 53,915 15.668 53,289 lS.t157 l8.2ll 19.348 58.189 19,657 63,173 23,674 67.801 25.494 I) 60,082 27,898 'O,l}'S 34,1 \6 Property Income 1,131 2,911 2.83J 5.235 2,006 3,298 6.626 6,3J~ 5.980 5,663 5,418 Rent of Land DJVid~nds Interest 2 857 27, 2 1,090 UII9 250 I, l L5 lA68 342 1,50\.1 :':U93 966 235 SOl 354 ],830 Ll14 u J.DJ5 ~.5Sl1 150 4,279 LID:' 114 ~.626 2,240 126 3.429 ~.108 31 ~481 l'1Ob Cumnt T,.....,."
From Household'S 3.836 5,224 5,800 5.388 5,615 6.368 5.044 ~,211 6.197 ~,"75 6,68> Social 5ecllrtty Corrtrtbutions Profit Currency Authority Pn:lfa5 Government Cl)(pOrations SUrplusidefiCll of Departmental 1,100 2,410 2.893 J.OOO 2,613 3,7~1 ::,611 2,396 2.376 1,296 1,227 2.201 2368 2,253 2.184 2,242 2,181 2,093 2.098 1,897 2.146 1.113 I) I) 0 I) I) I) I) 0 I) 0 Enterprises (818) (907) (569) (710) (271) (179) /552) (657) (254) (615) (115) Total Recurrent Revenue 1.26,568 U6,L~) J39,ti7~ 1-l2,s..J] I ..U,!j('At 159,.1"8 156,888 17~,J9'" 188,08..1 ] 89,84-1 182,220 • TABLE 14 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT REVENUE AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Direct Taxes Pen;onal Income Tall: Cumpar!Y Income Tax Other DIrect faxes &.25 2.98 329 1.99 8.05 2.96 3.39 1.70 7.30 3.29 287 1.11 693 3.53 244 096 7.44 3.48 3.16 080 7.65 3.44 3.60 (l.6l 7.55 3.75 3.16 0.63 7.42 3.96 2.81 064 8.03 4.4) 2.9\ 0.69 8.39 4.53 V:l4 0.92 Indirect Taxes 16.71 16.15 \619 1546 15.93 15.47 1586 16.17 16.03 1523 Import Dut.es Export DutIeS Consumption Tal( other Indirect Taxes 4.42 0.00 934 297 4.28 0.00 906 2.81 3.83 0.00 95\ 2.84 J.J4 0.00 9.11 2.90 3.34 0.00 9.43 316 3.29 0.00 9.13 3.06 J.41 0.00 9.17 3.27 3.32 0.00 9.:-'.5 3.51 3.49 0.00 8.85 3.69 340 0.00 7.56 4.26 4.29 2.24 1.47 ().
:5J 7.52 160 0.00 3.52 2.-tO Properly Income 0.41 0.55 0.7; 0.62 0.45 078 0.99 O.g9 0.81 0.76 0.38 , Rent at Land OMdends Interest Current Tran5~r5 From Households 0.00 0.20 021 0.02 0,11 0.32 O.OS 0.24 045 0.11 0.15 0.36 0.11 0.17 0.16 0.03 0.38 037 (J.OI 0.5; 0.43 002 0.56 0.31 0.02 0.9 0.30 0.01 0.17 0.28 000 0.14 0.13 093 1.06 1.03 0.95 LO\ 0.89 077 0.81 081 0.84 047 SOCial Security Contnbutions 0.36 0.5\ 0.54 0.48 0.54 G.50 039 0.35 1l.25 0.17 009 Profll Currency Authority 0.47 045 0.41 0.38 037 034 0.32 0.28 0.28 0.22 0.08 Prorrts GO\lernment Corporations 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Surplus of Departmental Enterprises -lll8 -0.14 -.
)[2 -0.08 -0.04 -0.06 -O.Olj -007 -0.06 -0,05 -O.O!

Total Recurrent Revenue 2697 26.64 26.10 24.73 25.7\ 25.57 25.79 25.87 2614 25.55 12.82 39 TABLE 15 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT EXPENDITURE (Thousand 01 East Caribbean Dollars) 91/92 921113 93/94 94Ill5 95198 88197 87198 98/99 99100 00101 Personal Emoluments 68.52t.l 7b.96<l 83.583 81.601 83.682 1;)0,845 112.5·15 113.281 1 i8.593 Il8.6b() P~nSlons & Gratuities 7.

'i7~i 8.74~ 9.235 9.180 9.


"~:O lu,ti-40 10,~i , 1~.I17 13.095 13A1l< Miscellaneous Goods & Sen!ices 27.280 30.217 36.l~1 36.8f1.l 36.~39 39,596 28,722 .lO.On 33,052 41}50 Less Fees & SaltlS 5,422 '1,779 5,264 b.079 6.000 20.260 17,27& 10,966 1~,574 10.

I.:?\) Government Final Consumption Expenditure 97.948 Ill,I~2 123,695 12;'586 123,441 130.821 13~,400 146,469 150,166 157.72..J. Curren!
Transfer To: 1I, 136 g.853 to.595 5.893 7,]02 15.~6j I.HJ21 14.308 U,2~6 15.1j{1 Households Local Authorities Non Profrt Making Bodies Abroad 3700 J97 1,070 3.028 3,338 1.166 3.430 3.860 375 1204 3,802 5.21~ 354 419 1.202 4,1~3 194 1.200 4,139 1.5~~ 3935 1,244 ~,739 5.547 556 1.247 5,213 6.005 ~72 ~80 1.253 5,515 7.068 1.~8J 5.818 5.505 2.887 2,536 6.042 3,316 • Interest h),OOS 12.138 i2.527 1~.~~3~ 1-J..7oQ 19,116 18,309 17,562 25.722 ~1,2::0 Gr<lr.ts and CDntribuliol'ls 2.9"'0 3,104 3,603 3501 2587 5037 6.610 7.401 9.122 I,J::;1 SUbsidy 1.822 2,077 2,412 2,563 1.671 ~.O·lO 4.275 ~,58.l 4.&91 4.8,;/l Total ExpendKure 123,854 137,314 IS2,83Z 1..&7,577 149,770 17..&,479 176,615 190,323 203,187 220,-1-12 Surpus on Current Account 12,335 2,361 (9,989) (2,687) 9,578 (7,591) (2,218) (2,2.JO) (13,34.1) (38,2Z2) TABLE 16 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF CENTRAL GOVERNMENT EXPENDITURE AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Personal Emoluments 1721 16.69 17.59 16.72 16.51 1717 19.23 19.30 19.02 19.75 9.88 Pensions & Gratuities J 87 1.87 1.97 1.R6 185 186 1.90 1.10 2.23 2.1.
'i I 11 Miscellaneous Goods & Services 6.35 6.60 7.27 739 7.32 7.07 6.16 5.02 j 17 6.06 148 Less Fees & Sales 0.93 Ll7 LlO U5 1.21 2.44 3.38 2.41 2.09 2.49 1.3~ Government Final Consumption Expenditure Current Transfer To: Households Local Authorities Non Prorrt Mating Bodies Abroad Interes!
Grants and Contributions SUbsidy 24.51 23.99 25.73 24.82 U47 23.65 23.9\ 24.00 24.33 24.94 13.13 2.31 0.57 026 0.71 0.76 2.22 2.29 2.13 167 132 212 2.57 2.34 2.26 2.31 1.27 OA7 0.16 0.74 0.83 0.08 0.26 0.79 0.99 007 024 0.80 Oj5 0.08 024 0.83 0.17 0.41 0.23 0.83 0.66 OAO 0.22 090 1.04 0.Q9 0.21 0.92 1 12 0.08 0.22 0.93 1.03 027 033 0.96 0.75 0.24 0.21 OjO 0.32 2.5~ 2.70 2.69 2.88 3.15 3.37 3.07 355 542 143 0.57 069 0.73 0.72 0.61 0.22 0.45 OA9 0.50 O.~2 n.n Oj3 1.05 1.20 1.36 0.85 0.11 0.75 076 0.78 0.79 OAI Total Expenditure 29.83 29.96 31.79 30.40 29.69 30.\6 3\.65 31.36 32.27 34.3\ \8.35 41 TABLE 17 SOURCES Of FUNDS COMMONWEALTH OF DOMINICA CAPITAL ACCOUNT OF CENTRAL GOVERNMENT (Thousand of East caribbean Dollars) 91,192 92193 93194 94J96 95196 96197 97198 98199 99100 00101 1 Surplus on Current Account 11,335 2,361 -9,989 -2,687 9,578 ·7.~91 -2,218 -2,240 -13,3~3 -38,222 2 Sale of land etc 4,000 3'/00 3,100 6,561 323 16,194 7,210 323 1,753 720 3 Loan Receipts 24,731 18.885 29,953 24.895 7,062 11,630 32,5 l6 7.062 98,201 42,028 4 Loan Repayments 2.lDO 3,689 ~.n9 6,251 4,167 3.795 30485 3,176 3,443 55(}& 5 Oeveklpment Aid Funds 18.424 28207 43,228 15,824 7.873 5.5 10 (,.165 7,873 1-1.432 4H3' 8 Borrowing -31,666 -29,579 -38.751 22,616 26,808 18,050 -9,226 73590 -12,183 31,180 9 Finance of Capital Expenditure 39,924 26,663 31,680 73.460 55,81l 47,588 37,932 89,784 92,303 85,1l3 , USES OF FUNDS Construction Residential Buildings NonResidential Buildings OIlIer 31.1/9 2.000 150451 13,7:8 15,989 23,523 56,769 44,276 28,393 17.448 77,2 iO Transport Equipment 124 IYI 0 84 80 108 144 1,021 388 [62 3 Other EqUipment IA58 821 49,1 794 582 2.328 629 loSS) 4,940 3,996 4 Purchase of Financial Assets LUCO 1,000 1,000 LOtiO 250 125 5 Purchase of Buildings 0 0 0 0 0 0 0 0 0 (> 1.057 4-: 13,110 3.719 , Slnklng Funa &.
Repayrl1ent of 6 Loans c.lt3 8,662 6,6{)..,J l-i.&lJ 10.62.1 16.63<·1 19.71l 10,000 j6.148 ?
Total Capital El(pendjtur~ 39.92'" 26,M3 31.580 :3..lMj~5,8U ....,,53~ r,932 8''1,''84 92,303 8~, 11 ~ 42 TABLE 18 COMMONWEALTH OF DOMINICA CURRENT ACCOUNT OF DEPARTMENTAL ENTERPRISES (Thousand of East Caribbean Dollars) 90191 91192 92193 93/94 94195 95/96 96191 91198 98199 99100 00101 RECEIPTS Sale of Goods & Services 1.599 1,632 2,057 1.895 2,23+ 2.378 2.060 2.194 2,398 2.5~O 2,698 M,scellaneous Other Receipts 335.47 52803 50603 55662 701.69 72905 920.41 739.28 1005.04 809,85 922.41 Total Receipts 1.934 2,160 2,56:1 2.452 2,935 3,107 2,980 2,933 3,403 3,359 3,620 EXPENDITURE Personal Emoluments 2,075 2,373 2,357 2,453 2,560 2,579 2,756 2,748 2,+20 3,078 3137 Rent Paid 881 13.84 1463 15.57 22.82 236 27.84 25.18 26.00 31435 232,,0 Other Operational Expenses 678.27 680.67 761.39 693.65 630 683 748.28 817 1,211 947 365.62 Total Expenditure 2,763 3,067 3,133 3,162 3,212 3,286 3,533 3,591 3,657 3,975 3,735 SurplUS on Current Account (828) (907) (569) (710) (271) (179) (552) (657) (2~) (615) (115) , •• 43 TABLE 19 THE BALANCE OF PAYMENTS OF DOMiNICA SUMMARY 1990 -1999 (In EC$M) 1996 1998 1997 1999 2000 2001 1.
CURRENT ACCOUNT -138.14 -114.08 -ll2.13 -lHi.87 -156.98 -132.01 A.

GOODS a.

Merchandise b.

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

SERVICES a. Tr""lX'rtation 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.

Porfolio Investment iii.

Other Investment D.CURRENTTRANSFERS a.

General Government b.

Other Sector.


-173.59 -17710 0.01 3.50 58.77 -38.74 100.42 -4.18 6.00 -6.73 -50.78 0.06 -SO.64 -45.52 2.14 -748 27.46 -0.66 28.12 -175.34 -178.44 0.02 3.08 78.98 -4267 110.47 -4.91 1919 -3.12 -45.66 -010 -45.56 -42.08 2.09 -5.57 27.96 2.55 25.41 -143.53 -148.70 0.02 3.
'15 89.37 -3487 103.42 -5.97 38.19 -11.40 -42.37 0.66 -43.03 -38.55 1.39 -5.87 34.40 8.85 25.55 -177.00 -177.79 0.03 0.76 112.77 -35.97 111.56 -4.16 48.83 -5.49 -ll9.25 1.88 -71.13 -61.47 -1.32 -8.34 36.61 8.66 27.93 -204.23 -207.38 0.02 3.13 100.05 -39.72 106.00 -349 46.95 -9.69 -101.58 1.74 -103 32 -69.80 -23.38 -10.14 46.78 20.10 28.66 -191.40 -19411 0.03 2.68 65.06 -41.64 97.66 -5.53 20.79 -6.02 -52.83 3.76 -56.59 -38.62 -11.30 -8.67 47.16 1600 31.16 2.
CAPITAL AND FIANANCIAL ACCOUNT 83.97 128.07 30.83 131.19 147.42 122.81 A.

CAPITAL ACCOUNT 1.

Capilal Transfers a.

General Govemment b.

Other Sef'vices 2 Acquisition & Disposal of Non-Produced Non-Financial Assets 68.32 5739 SO.

57 6.82 60.81 80.81 54.SO 6.31 39.82 39.82 33.27 655 31.75 32.22 25.38 6.84 22.10 25.86 18.68 7.18 46.53 4853 41.32 7.21 10.93 0.00 0.00 -0.47 -3.76 0.00 B.

FINANCIAL ACCOUNT 1.

Direct Investment 2.

Portfolio Investment 3.

Other Investment a. loans - Government Guaranteed b.
Loans - Central Government c. Arrears d. Commercial Banks e. O1tIer Assets f. Other Uabilities 15.65 48.06 1.24 -33.65 -6.18 6.19 -001 -26.38 -15.62 8.33 67.28 57.01 -0.48 10.73 037 225 -002 9.12 -8.12 713 -ll.99 1756 3.52 -30.09 6.23 -2.19 0.00 -1627 -14.51 -3.35 99.44 4848 7760 -26.64 7.47 -1.95 0.00 -23.75 -10.56 207 125.32 29.22 38.80 5930 16.97 9.57 0.00 53.17 -28.13 7.72- 74.28 32.12 -062 4278 51.81 1640 -1.18 -26.98 -13.59 18.32 3.

ERRORS AND OMISSIONS 59.39 -14.71 35.88 -5.86 10.80 21.45 4.
OVERALL BALANCE 5.22 -<).72 4.38 28.46 1.24 12.25 5. FINANCING Change in Arrears Change in Special Drawing Rights Change in Reserve Position With the Fund Change in Government Foreign Assets Change In imputed Reserves -5.22 0.83 0.00 -2.20 -1.75 -2..10 0.72 2.49 000 -·!.52 '1.52 -"[ 87 -4.58 4.39 000 0.00 121 -1010 -28.46 1.23 -0.03 0.00 ~19.13 -10.53 -1.24 004 003 0.00 -722 5.91 -12.25 0.00 0.00 000 -7.25 -5.00 • : Per Capi'IiJ GVA at &uk Prices Per Co1PIf1I GOP IJllrlal'ket Pricu Per CapICJ GNJ IJllIar1fer Prices CONSTANT PRICES GVA at Baic Prlces GVA at BaBIC f>r1«.
growth nJte GOP It Mriel PncH GDP lit /fWIfhet p11CH Qrowrtl rafe GNIIJl MiH1f., PrieN Per Captta GVA lit Basic PrieN Per Capita OOP ar Marlfet Pr;cu ~ Cap«a GN/ at "'ntH' Pncu OTHER INDICATORS , ",kI Year PopulalJOn'b VaIw ofExpom (FOB) Vw.
ofJmporu (elF) Agricu1DJnJJ &pom &niIna Exporm TOIaf 8MIMJa Expon Rweoofl Construction /mpofU NoofCorwtnJetJonSOtrts Vwe ofConsrrucllOn Srarrs TABLE 20 COMMONWEALTH OF lJOMltjlCA SELECTED ECONOMIC INDICATORS UNIT """ "94 199(\ ,... ,... 2001 CURRENT PRICES GV.q iJr BaSIC PnCe6 ECS ,VI '1J:'i III 450..J) 5j~ !

5S:- ()~ GVA .It Baslr:f>'M:#lS growth r'!l~ 700 GOP ., Mriel PJ'1r:SS EC$ M ';17 75 541 B 581 H GDP iJt trIM/Hit pt"1CU growth rare 0.1.

7 -l-.-'':: UiJ IH SS-Ll i.i!


fd71lS 7.s,) iH -J ?n 700.51 TJ.2.

R1 3.

:.

: 5.SIl .

;.i3 ill?

H I y.

728.01 GNI at 1I.

",..t PrICeS EC$ M H7.88 i:?

].9J 551.98 555.79 5i4.6 615.U EC$ EC' EC$ 6.

(l83 6,948 6,311l 7.502 7,26J 6,823 S,034 7,623 6,896 8,150 "7.1i55 7.·H.
'j 8,800 8.065 7.685 9.166 8.:52"2 658.85 un 9,724 9.145 653.56 fi26.9J 8,490 20,066 9.102 IU,J 1 lO,17li' It7fj5 Hi.3 1.98 EC$ M 3,n.U J9535 4U3.84 -IIO,JI -122 94 443.24 450.47 % change 2.7-1- E::C$ M 461.05 % change EN M EOS EC:!i EC5 2.05 ..1....B.2 6,43-1 6,4i5 6,167 1.86 468.8 1.68 2.15 1.60 3.08 Z.77 475.51 484.9 -197 11 505.U :529.24 1.43 1.97 2.64 U9 4.77 1.63 5299 0.12 453.58 ..J.49.19 453-42 454.15 466.83 489.7.1 486.0-1 6,499 6,441 6,232 6,567 6.-'28 6,072 6,679 6,459 6,OH 5.8.14 6.866 6,265 5,975 6.998 6,-J07 6,153 7,J.uJ 6,798 6,2n 7.380 6,769 NO 71,M4 72, 13--1 72,-113 72,6IJ3 72.490 72, 183 72,04-1 71,807 71.530 EC 5 M EC !i M EC $ M 144J.02 295.98 %.27 126.57 25323 81.68 61.14 1I9.14 117.93 138.54 U1.28 163 150.35 317.1 57.14 358.63 363.14 356.99 j7J 63_13 65.35 60.4.3 :'i9.8o fONl'lES 58.577 :;5,486 H386 J3,07u 43.012 37,366 JO.676 29,519 28,788 55.68 29.65 H.oo !1.6 99.11 96.1 om 122.34 136.93 155.35 ·18.42 45AR ~8.6 35.00 1 ~.70 100.4 ')7.73 1.31 -J9,13 40.79 34.00 9 SO 101.1 99..56 1.69 -J633 36.G-J 4<"9 34.16 42.17 38.52 125.00 101.00 110.00 44,70 )JAO 11».6 105.63 103.19 103.U 2,42 0,98 26.54 106.87 103.45 1.17 ~2.46 -».06 Id9.00 51.32 {{)1.79 103.11 0.86 122.02 12H\8 128.61 131.99 135.34 130.11 155.0'3 173.83 18g.61 155.06 166.50 184.74 .
(l.03 7.33 3.86 205.00 194.77 10.22 203.65 206.49 -!.85 214,15 225.63 ·1l.47 ImpNcitl>et;d(orofGVA (1ili1lO-tOOj INDEX 11230 115.43 EC S M EC 5 M NO EC S M SZ..f 0.. 21.3 97.57 91.9 5.48 66.6; 29.U ",00 8.2 99.1 99.9 LS7 U8.91I: H6.:!)

-1.B LW-50 137.09 2.41 89,216 54.722 89,835 Comumtlr Prlcfl Index {FfIb.

1BH=100, Average 'I'JDEX Food Only Index (FfII11PH-tOO, Averepll~ ·~OEX IntJat10tl R.Jlf1 % Govemmenf RecuunJnf RlWtJUela Government Recurrenc &penditJ.JrfJ EC $ M EC $ M Govll1J1melll current.
",count~ EC $ M Total Pauensrer Arrivals NO ToW Tour/lSt Arrivals C"-'51f1 Ship PasurrgerfJ &CUTSiONtlU Teral VfSIroTS NO NO NQ 91,610 99,490 !OJ.6S2 IO·U '3 1 104,731 103,622 115,091 109,Z02 N.-\ 58,710 65,331 611,838 68.648 68,756 65,501 73, S06 69.~"1f 06.

)91 87,831i 125,541 114,921 193,-18'" 2](),5flI 244.603 202,003 :!.N.79ti 7,763 6,773 8,809 8.367 5.3li9 3,310 l,-Vl8 3,924 2,656 152.J~(J 15~\Ji9 1l}q.•'iR 1 3m",:r: 111,W~ ~i9,nl ~!
?~)51J Toml Tourism Ezpendtture ECiiM 68.70 15.26 Cnuse Ship CaRs EfCf;!T'ictry GeNrs(ed Eiectnr,lry CO/1siJmed Co"".

".,clal B/JIJI( Loan41 fOlJmtalldlng} ;l"ilp.rr-ai'o~8US/f "55 Gf>f:(!~:'HJ~<!

'\!em..·" NO COGKWi-t EC:iM E,· !\.'

1S9 ·0.9 );1.0" HJ 34 n' 215 48.4 J6~.4 112.53,.... 5:?4 ·L.J4 41.)').

?

.

, 106.18,.... i)q 92.12 98.8l !.6!

-l'i j ; U,j \~j 29{j 6111 -Ill ::>: 125.64 lJl.77 '6S 70.

~ S'l,:") 263 OI.J.
~ S'l,:") 263 OI.J.

(, 51O,K,1) 50+,92 135.11 287 &2,ll 51S 93 1..'.2.47 231 t;' 45J 54 0.17 53Z.57 0.50 -J61.% 6.HI 7.-1-1-5 (,.45l1' 144.61 400.06 411.92- , ; 710.5.!

(,36 ),5 :un 9,9b3 R.9:':_~ U~,78 4.5~ 51L!

·JA~ ·U697 6,tltJ9 7.210 5,26-: 7l,J15 117.16 3H7l q.r)o l'.Hl~5 22.22 -lj is 91.00 :::300 109.7~ lUO.R7 1.85 138.76 199.65 227.87 -28.:2 ., .

~ .

, I •• • CHART 1: GDP AT MARKET PRICES IN CURRENT AND CONSTANT PRICES 800 700·' • 1 - ,-- , !

i 600, 500 EC$ MILLION 400 .~.


300 0 1------------· I I IL _ ;;- ---1 I I I I --- ~ 1991 1992 1993 1994 1995 1996 YEAR 1997 1996 1999 2000 2001 1_ .Current .

Constant ------ - - - - - _.----~-_.

-_.

- - - - - CHART 2: SECTORAL CONTRIBUTION OF GVA IN CONSTANT PRICES 2001 - • Agriculture lSI Mining & Quarrying II Manufacturing • Electricity & Water I11III Construction o Wholesale & Retail Trade '!
o Hotels & Restaurants' I 0 Transport I, " ':, ~ Communications o Banks & Insurance o Real Estate & Housing , 0 Government Services 1 • Other Services .. L' "__.

.

__ - - - - - - .----- -- _.

-----_._----- - .

~ 4 •• .. " - .

~ , 1 ... • .

.

CHART 3: RATE OF GROWTH OF GOP IN CURRENT AND CONSTANT PRICES: 1991 ·2001 10 1 a+----'"""""----------------___..------ a+- I, 8,4-!- ........ 'c \ / '" 7/ .I I \ J \ _ \l~~~~:.-~ ~ " 2 l:ll ~ ~~-6~ E ~ I .. 0i Q.
----~-.....,~-r---- i -....... - A - I 1991 1992 1993 1994 1995 1996 1997 1996 1999 I .2!

.4 f - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Ji,.

I -6 I ,__,_.

:~~ Current Pr!ces,_,_,__ :~--· Co'nstant priC~s ,'l YEAR ~-_ ' DC .

".

\ A" 2001\ """ 2001 ", ' \'.-- • r • •• ••