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CENTRAL STATISTICAL OFFICE MINISTRY OF FINANCE AND PLANNING National Accounts Statistics 2009 TABLE OF CONTENTS Page TABLE OF CONTENTS STATISTICAL TABLES INDEX STATISTICAL CHARTS INDEX VALUATION OF ITEMS USED IN COMPILING THE ACCOUNTS RESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIES SELECTED ACRONYMS FOREWORD ACKNOWLEDGEMENTS I.

INTRODUCTION II.

RESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIES III.

IV.
KEY CONCEPTS AND DEFINITIONS SOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICES V. STATISTICAL TABLES AND CHARTS ANNEX A - ISIC REV 3.1 .iv v vi vii vii viii 1 2 3 5 13 25 39 65 National Accounts Digest 20091 OBTABLE OF CONTENTS iv STATISTICAL TABLES INDEX Page Table 11-1.1 GVA AT BASIC PRICES, CONTRIBUTION AND GROWTH RATE BY INDUSTRY IN PREVIOUS VS REVISED SERIES- AVERAGE OF PERIOD 2005 TO 2009 8 Table 11-2.1 THE IMPACT OF THE REBASING TO 2006 ON SELECTED MACRO ECONOMIC VARIABLES ..................................................................................................................................................................................... 11 Table 11-2.2 THE IMPACT OF THE REBASING TO 2006 ON SELECTED MACRO ECONOMIC VARIABLES ..................................................................................................................................................................................... 12 Table V-l.l GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CURRENT PRICES: 2000-2004 (EC$M) 40 Table V-l.2 GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CURRENT PRICES: 2005-2009 (EC$M) 41 Table V-2.l GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CONSTANT PRICES: 2000-2004 42 (EC$M) Table V-2.2 GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CONSTANT PRICES: 2005-2009 (EC$M) 43 Table V-3.1 PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CURRENT PRICES: 2000-2004 44 Table V-3.2 PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CURRENT PRICES: 2005-2009 45 Table V-4.1 PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CONSTANT PRICES: 2000-2004 46 Table V-4.2 PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CONSTANT PRICES: 2005-2009 47 Table V-5.1 RAIE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CURRENT PRICES: 2001-2005 48 Table V-5.2 RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CURRENT PRICES: 2006-2009 49 Table V-6.1 RATE OF GROWTH OF GROSS VALUE
 ADDED BY ECONOMIC ACTIVITY IN CONSTANT PRICES: 2001-2005 50 Table V-6.2 RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CONSTANT PRICES: 2006-2009 51 Table V-7.1 GROSS VALUE ADDED DEFLATORS BY ECONOMIC ACTIVITY 2000-2004 Table V-7.2 GROSS VALUE ADDED DEFLATORS BY ECONOMIC ACTIVITY 2005-2009 52 53 v IBUSTATlSTlCAL TABLES INDEX I National Accounts Digest 2009 STATISTICAL TABLES INDEX CON'T Page Table V-8.1 GROSS VALUE ADDED, OUTPUT, INTERMEDIATE CONSUMPTION IN CURRENT BASIC PRICES: 2000 AND 2001 54 Table V-8.2 GROSS VALUE ADDED, OUTPUT, INTERMEDIATE CONSUMPTION IN CURRENT BASIC PRICES: 2002 AND 2003 55 Table V-8.3 GROSS VALUE ADDED, OUTPUT, INTERMEDIATE CONSUMPTION IN CURRENT BASIC PRICES: 2004 AND 2005 56 Table V-8.4 GROSS VALUE ADDED, OUTPUT, INTERMEDIATE CONSUMPTION IN CURRENT BASIC PRICES: 2006 AND 2007 57 Table V-8.5 GROSS VALUE ADDED, OUTPUT, INTERMEDIATE CONSUMPTION IN CURRENT BASIC PRICES: 2008 AND 2009 58 Table V-9.1 EXPENDITURE ON GROSS DOMESTIC PRODUCT IN CURRENT PRICES: 2000-2004 (EC$M) ..................................................................................................................................................................................... 59 Table V-9.2 EXPENDITURE ON GROSS DOMESTIC PRODUCT IN CURRENT PRICES: 2005-2009 (EC$M) ..................................................................................................................................................................................... 60 Table V-10.1 NATIONAL ACCOUNTS AGGREGATES IN CURRENT PRICES: 2000-2004 (EC$M) Table V-IO.2 NATIONAL ACCOUNTS AGGREGATES IN CURRENT PRICES: 2005-2009 (EC$M) STATISTICAL CHARTS INDEX CHART I: CONTRIBUTION TO GVA IN CURRENT BASIC PRICES FIVE YEAR ANNUAL AVERAGE (2005 TO 2009) CHART 2: NOMINAL GROSS DOMESTIC PRODUCT GROWTH RATE CHART 3: REAL GROSS DOMESTIC PRODUCT GROWTH RATE CHART 4: REBASED PERCENTAGE CONTRIBUTION TO GVA IN CURRENT PRICES: 2000 CHART 5: REBA SED PERCENTAGE CONTRIBUTION TO GVA IN CURRENT PRICES: 2009
 CHART 6: GDP AT MARKET PRICES PREVIOUS SERIES VS REBASED SERIES 61 61 9 62 62 63 63 64 National Accounts Digest 200912BSTATISTICAL CHARTS INDEX vi VALUATION OF ITEMS USED IN COMPILING THE ACCOUNTS FIGURE 1: RELATIONSHIP BETWEEN BASIC, PRODUCER AND PURCHASERS' PRICES FIGURE 2: DERIVATION OF GROSS VALUE-ADDED FIGURE 3: COMPONENTS OF GROSS DOMESTIC PRODUCT RESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIES Box 1: WHY REBASE TIIE GDP SERIES Box 2: THE KEY FEATURES OF THE REBASED SERIES Box 3: VALUATION OF GOODS AND SERVICES 15 16 17 5 7 14 vii I National Accounts Digest 2009 SELECTED ACRONYMS % ( ) BOP not applicable Percent deficit, decrease or negative number Balance of Payments CARTAC Caribbean Regional Technical Assistance Centre COB c.i.f.
CPI CSO Caribbean Development Bank cost, insurance, and freight Consumer Price Index Central Statistical Office DOWASCO Dominica Water and Sewerage Company ECCB EC$ FISIM f.o.b.
GOP GVA ISIC IRD KWh M NA NAS DSS P SITC SNA SUT DBPL UN Eastern Caribbean Central Bank Eastern Caribbean Dollar Financial Intermediation Services Indirectly Measured Free on board Gross Domestic Product Gross Value Added International Standard Industrial Classification of All Economic Activities Inland Revenue Department Kilo Watt hour Million Not Available National Accounts Survey Dominica Social Security Preliminary Standard Industrial Trade Classification System of National Accounts Supply and Use Table Dominica Banana Producers Ltd United Nations DOMLEC Dominica Electricity Services viii 5BSELECTED ACRONYMSI National Accounts Statistics- 2009 FOREWORD The "2009 National Accounts Statistics" is the sixteenth official publication issued on the Economy's System of National Accounts (SNA), produced by the Central Statistical Office (CSO), Ministry of Finance.
The objective of this report is to provide the Government, policymakers, business enterprises, academics and the general public with indicators for assessing the economic conditions of Dominica.

The statistics contained in this report has been prepared in accordance with the standard methodology adopted by the Eastern Caribbean member countries and is consistent with the recommendations of the 1993 System of National Accounts.
Presented in this report are tables and charts on the Gross Domestic Product in current and constant prices, by economic activity and expenditure components, and selected economic indicators for the period 2000-2008 and preliminary estimates for 2009.

Also included are sections on the sources and methods used to derive the national accounts aggregates which would provide a guide to data users on the compilation and estimation process.
This publication reports on the ECCB regional statistical project on updating and rebasing National Accounts from base year 1990 to base year 2006.

The rebasing of the national accounts series incorporated new data sources, and adopted new international methodological and industrial classification standards.
The CSO recognizes and commends the tremendous efforts of Mrs. Lorna Prevost-Stephens, Mr. Craig Stedman and Mr. Benson Tyson and their unwavering commitment in bringing this rebasing exercise to a successful completion.

The tables and accounts presented in this report should prove useful in analyZing the performance of Dominica's economy.

Any suggestions for improvement, comments or queries may be directed to the Central Statistical Office, Ministry of Finance.
Chief Statistician Central Statistical Office Ministry of Finance and Planning NationaL Accounts Statistics - 20091 6BFOREWORD ACKNOWLEDGEMENTS The Central Statistical Office (CSO) wishes to thank the business community, public corporations, government agencies, and everyone, who has contributed, in one way or another, for the cooperation received in the provision of the necessary data, to facilitate the oompletion of this report.
In particular, the CSO would like to acknowledge the significant contribution of Mr. Peter Pariag, CARTAC short term consultant and Mrs. Hazel Corbin, Statistics Adviser and former Deputy Director and Head of the National Accounts Unit, Eastern Caribbean Central 8ank (ECC8).

The commitment of these persons cannot be over emphasized.

This report could not have been completed without the data providers, the survey participants and the staff of these establishments, both in the public and the private sector.
the input of The cooperation received in providing vital data for the annual National Accounts Survey (NAS), as well as providing data on short notice, and clarifying any queries as they arise have made this task much easier and is greatly appreciated.

The production of national accounts statistics depends on a large set of data gathered from administrative records and specially designed surveys and censuses, all of which involve the participation of a myriad of persons and institutions.
The CSO looks forward to your continued support.

2 7BACKNOWLEDGEMENTSI National Accounts Statistics- 2009 I.

INTRODUCTION In any economy a number of transactions are taking place on a daily basis.

Imports are arriving, exports are being sent abroad.

These transactions need to be organized in a systematic way.

The System of National Accounts 1993 (1993 SNA) is used to organize and measure these transactions.
It is the basic international standard for compilation of national accounts, adopted by the United Nations Statistical Commission in 1993 and endorsed by the Economic and Social Council.

It is a comprehensive, consistent and flexible set of macro-economic accounts to meet the needs of government and private sector analysts, policy makers and decision makers.

It is designed for use in all countries, whatever their economic, social and institutional arrangements and stage of economic development are.
The Dominica System of National Accounts is based on the 1993 SNA.

However, presently the national accounts framework, does not comprise of the entire set of integrated macroeconomic accounts, but follows the set of internationally accepted concepts, definitions, classification, and accounting rules in its compilation of the basic accounts.
The accounts prepared includes the compilation of the basic measure of output arising from the economic activity and expenditure taking place within the economy and between different economic agents in constant prices and its related indicators.

However Output, Intermediate Consumption and Value Added are available in current prices.

The Supply and Use tables are also compiled for the year 2005.
The national accounts are an essential tool for analyzing, monitoring and evaluating the performance of the economy.

The accounts are compiled relative to a base year which should be updated periodically due to structural changes in the economy.

It is widely acknowledged that the structure of the Dominican economy has changed significantly since 1990, the last base year.

There have been substantial shifts in the industrial composition particularly a shift from agriculture into services.
As a result, in 2005, the Dominica Central Statistical Office (CSO) embarked on an exercise to rebase its system of National Accounts from base year 1990 to a more recent base year.

The Eastern Caribbean Central Bank (ECCB) and the Caribbean Regional Technical Assistance (CARTAC) provided technical assistance in the rebasing of the national accounts.
The revision process included the inclusion of new and revised data into the estimates, the revision of the national accounts classification of industries and the rebasing of the constant prices from 1990 to 2006.

The new series is very comprehensive and uses ISIC Rev.

3.1 for classification of GDP by Economic Activity.
It provides estimates of value added for sub-groups, especially services that were not accurately captured in the previous series The data used in the compilation of the national accounts were obtained from different sources such as surveys and administrative records from the govemment, private establishments and individuals.
The National Accounts Statistics - 2009 I8BINTRODUCTION 3 primary source of data used in the majority of the industries was the annual National Accounts Survey of Economic Activity (NAS).

This survey provided information on employment and financial operations of businesses and organizations operating in Dominica.

The survey data were collected from establishments in the Business Register that is maintained and updated by the CSO.
Other major sources included the External Trade Statistics provided by the Customs Department and the CSO, administrative data from the Inland Revenue Department (IRD) and the Ministry of Agriculture, Fisheries Department, Government Estimates of Revenue and Expenditure, the Consumer Price Index (CPI), Production Statistics, Balance of Payments (BOP), and Household Expenditure Surveys.
Additional information was also obtained from the Dominica Social Security (DSS) and the Registrar of Companies on employment and number of establishments which were used to adjust the series to account for under coverage.

The estimates were produced by economically and statistically sound procedures and by trained staff of the Central Statistical Office.

The CSO compiled the national accounts with technical assistance from the ECCB and CARTAC.
A Consultant worked with the staff from the development of the framework to the actual production of the statistics.

Data received from sources were validated and cross-checked for consistency of information.

Also, data were utilized from the Supply and Use Tables (SUT) as a check on the reliability of the national accounts data.

Data for previous years were collected from administrative sources to validate previous years' reported data.
In cases where there were low response rates from the surveys, additional information was gathered from other administrative sources.

4 8BINTRODUCTIONI National Accounts Statistics- 2009 II.

RESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIES In order to allow comparisons to be made between countries of measures of growth in the national accounts estimates, it is practical to express the series with respect to a common base year.
In the course of time, the pattern of relative prices of the base period becomes less relevant to the economic situation of later periods, to the point where it becomes unacceptable to continue using the base year prices to derive volume changes from one later period to the next.

It is then necessary to update the base year period.

A very old base year diminishes the relevance and accuracy of the estimates.
Box 1: Why Rebase the GOP Series A change in GOP results from the contribution of two changes, one being the change in the volume of goods and services produced, and the other in the price at which they are sold.

GOP at current prices reflects both these changes, as production of the period is measured at the prices of that period.

GOP at constant prices on the other hand reflects only the changes in the volume of production.
This indicator measures production of the period at the price of the base year 2006.

The assumption that the relative prices of the components of value added do not change over time is inherent in the construction of constant price aggregates.
However in a dynamic economy, relative prices constantly change as a result of shifts in the production structure and consumption patterns, technological developments in different industries, variations in productivity as well as the appearance of new products and the disappearance of old ones.
Thus, as the pattern of relative those recorded for the GOP base period become prices in an economy changes over time, progressively less relevant for calculating volume measures of output from one period to the next; it may then be necessary to update the base year period, a process that is commonly referred to as "rebasing" in national accounting.
The rebasing exercise not only revalues GOP at prices prevailing in the new base year, but also serves to reconcile and revise the production and expenditure based estimates of GDP at current prices; and provides the occasion for methodological and conceptual reviews and improvements, as well as the incorporation of new and improved data sources.
Rebasing enables the national accounts to capture the real picture of the economy by taking account of factors, such as relative price movements, and structural changes in production and consumption patterns, which over time may contribute to an under or over estimation of GOP.
innovations and developments Additionally, the introduction of new products due to technological (e.g., cell phones and internet usage); changes in the variety of products and services (e.g., introduction of private and public education and health services); and changes in international statistical methodologies and classifications provide a compelling case for rebasing Dominica's national accounts.
The rebasing exercise involved the calculation of value added using prices of a more recent period; and also provided an opportunity for benchmarking the GOP estimates to facilitate wider coverage and greater accuracy through updated intermediate consumption to gross output ratios.
The rebasing exercise has led to significant improvements in the revised GOP current and constant price series, arising from broader data coverage (by employing a wider range of data sources, including economic surveys and administrative data), conceptual changes (notably the application of financial intermediation services National Accounts Statistics - 20091 9BRESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIES 5 indirectly measured, FISIM; measurement of private education and measurement of the output of owner occupied housing), methodological changes (integrated output, intermediate consumption and value added for all industries) and improved estimation procedures (including the use of better extrapolation or deflation techniques for the GOP constant price series).
The calculation of value added in an integrated framework-gross output, intermediate consumption and value added for all industries-represent a marked improvement on the current estimates, which in some cases, were derived as the movement in historical value added by price and volume measures.

The improvement was facilitated by the availability of comprehensive national accounts surveys, supply and use table (SUT) and household budget surveys (HSS).
The SUT directly informed the compilation of integrated production accounts.

The HSS results were used in validating supply-based estimates of production.

Statistical enquiries were undertaken to improve the scope of the industry-based estimates (e.g., other crops, fishing, land and sea transportation).
Administrative data from revenue agencies were also used, mainly to supplement the coverage of survey-based results for industries such as hotels and restaurants, manufacturing, construction and wholesale and retail trade.

While the intermediate consumption for construction was recalculated to take account of a larger number of building materials, and of services used in construction.
Regarding industrial classifications, the International Standard Industrial Classification (ISIC) Revision 3.1 was implemented as recommended by the ECGS.

Education and health and social work are now identified as separate industries, and the public components of these services, formerly included under government, have now been reclassified.

The offshore university activities were previously not captured, however, these activities are now reflected in the new series as part of private education.
Though it is common knowledge that ideally the base year should be a "normal" year, which is theoretically characterized as having a relatively stable economy, this consideration in practice is not very easy to tell, since prices of hundreds of items must be taken into account.

Under ideal conditions, however, the base period chosen would be one in which sharp fluctuations in prices in underlying economic conditions would be minimal.
The choice of the base year is also dictated by the available data sources such as establishment and household censuses and surveys, price indices and other data needed for benchmark estimates.

Among the OECS member states, 2006 was selected for the base year, because it seemed to be the most normal year, since Grenada was affected by hurricane Ivan in September 2004 and St. Kitts and Nevis economy was affected by the closure of the sugar industry in 2005.
6 9BRESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIESINational Accounts Statistics- 2009 Box 2: The Key Features of the Rebased Series • • • • • • • • • • • The level of the GOP has expanded significantly.

Dominica's GOP in current market prices is now significantly higher than the previous series, averaging 32.4 percent higher over the years 2000 to 2009.
The new GOP series has also revealed a slightly higher level of real growth, which averaged 1.79 percent over the period 2001 to 2009 compared to 0.68 percent in the previous series.

The composition of the economic sectors has changed, owing to both the change in the structure of the economy and the improved accounting of economic activities in all sectors of the economy.
The industry classification for the national accounts has been revised and it is now in line with the United Nations International Standard International Classification of all Economic Activities (ISIC Rev, 3.1).

The revision has resulted in a shift of some industries to a different estimation group.

For example, health, education and social development formerly classified under government are now separated and expanded to include private sector activities.
ManUfacturing now reflects the use of an expanded coverage of prodUcts and the activities and air and sea ports are now shown under auxiliary transport activities.

The new series is very comprehensive.

The level of detail of the value added estimates presented has It provides more estimates for services not previously captured.

For been significantly increased.


example it is now possible to determine the gross value added for business services, computer and related services as well as private households with employed persons.

New estimation techniques based on implementation of the 1993 SNA are now being used to compile GOP estimates.

One significant methodological change concerns financial intermediation services intermediation by the economy is now indirectly measured (FISIM), where the use of accounted for.
The current approach is to deduct FISIM in a single line item for the entire economy, but the CSO will endeavor to allocate FISIM to the various industries.

financial The GDP estimates incorporated the activities of the informal sector, as much as possible especially wholesale and retail trade and construction based on the improved methods of estimation used.
The rebuilt national accounts system allows for an integrated production account of gross output, intermediate consumption and value added; and employs to the best extent possible the 1993 SNA gUidelines.

New data sources were established which improved the coverage of economic activities within the economy.
In compiling the GDP at constant prices, the single indicator method is mainly used, which is the direct extrapolation of base year value added by a volume index of gross output; this represents a marked improvement on existing practices.

Timely and reliable indicators of new activities were explored and adopted for the constant prices estimates.
The intermediate consumption and value added ratios now better reflect the reality, as they are based on updated information derived from the National Accounts Survey (NAS), and other statistical enquiries.

the estimation of Detailed recompiled constant price estimates have been established, using relevant price indices to deflate current price values in order to generate volume estimates.

These price indices reflect the updated structure of the economy and relative prices of the new base year.
The current price estimates have also been revised and improved.

In summary the rebasing exercise, led to improved coverage, data sources and methodology.

All these changes were incorporated into the accounts.
National Accounts Statistics - 20091 9BRESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIES 7 Table 11-1.1 GVA AT BASIC PRICES, CONTRIBUTION AND GROWTH RATE BY INDUSTRY IN PREVIOUS VS REVISED SERIES- AVERAGE OF PERIOD 2005 TO 2009 ECONOMIC ACTIVITY Agriculture Mining and Quarrying Manufacturing Electricity and Water Construction Wholesale and Retail Trade Hotels and Restaurants Transport & Communication Financial Intermediation Real Estate, Renting and Business Activities Public Administration & Defence Education Health & Social Work Other Community, Social and Personal Services, including Private Households with Employed Persons FISIM TOTAL Percentage Contribution of Gross Value Added In Current Prices Growth Rate of Gross Value Added in Constant Prices Previous Series Revised Series Previous Series Revised Series 18.05 13.50 1.06 6.19 6.03 10.50 13.59 3.16 13.27 11.70 3.55 19.8 Na Na 1.83 Na 8.47 1.44 4.25 5.13 4.98 12.20 1.96 14.74 7.39 10.65 8.40 13.86 3.52 1.15 0.31 3.48 2.47 6.54 (7.50) 2.99 6.70 2.54 0.64 7.76 5.01 2.87 1.60 Na Na 2.96 Na 4.24 100.00 100.00 4.81 1.59 7.95 (3.69) 4.22 13.16 2.54 0.38 5.57 4.74 0.65 0.30 (0.20) 0.72 0.77 7.16 3.66 3.66 The top five industries in the new rebased series as measured by the contribution to the GVA, which is calculated as the average of each industry's share in GVA at basic prices over the period (2005 to 2009) are as follows: transport, storage and communications (14.74 percent), Education (13.86 percent), Agriculture, forestry and fishing (13.50 percent), wholesale and retail trade (12.20 percent) and real estate renting and business activities (10.65 percent).
The contribution of each industry under the new ISIC Rev 3.1 classification is illustrated in Table 11-1.1 above and further illustrated in Chart 1.

8 9BRESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIESINational Accounts Statistics- 2009 Chart 1: Contribution to GVA in Current Basic Prices Five year Annual Average (2005 to 2009) Transport & Communication -- -=.
;;,;;;s---- -- -5-=':'-"" - -- Education Agriculture Wholesale and Retail Trade ~,~,'~'~~~,~~~~~~__~_""""",,"""'-_'1 Real Estate, Renting and Business Activities Public Administration & Defence P--~'~~~~'-'=--~~~'~-~ Financial Intermediation Electricity and Water 1 Construction ,~=~~~~~ Manufacturing 1'_":",,-' ,. "
,, Health & Social Work ":~~~-~'~'__ .~ FISIM-_~_~~_ Hotels and Restaurants ~~ Mining and Quarrying i_ Other Community, Social and Personal Services, including } -" , Private Households with Employed Persons -1-1_,- - - - - , - - - - - , - - - - - - , - - - - - r - - - .

, .

.

.

- - - - - r - - - - - , - - - - - , o 2 4 6 8 10 12 14 16 %Contribution Transport, storage and communications is the largest contributor to total value added with a 14.74 per cent contribution.
This category covers the activities of road, sea and air transport, auxiliary transport activities and storage and communications.

Both the communications and road transport sub-categories contributed to this increase.

Based on revisions to the methodology and the incorporation of new and revised data sources, the value added in 2009 increased from EC$ 101.77 million in the previous series to EC$ 151.67 million in the new rebased series.
Education which formed part of the government services in the previous series is now a separate industry and is the second largest contributor to the GDP, mainly as a result of the private education institutions.

Agriculture, which covers the activities of banana and other crops production, livestock, forestry and fishing, has slipped from a contribution of 18.1 per cent in the previous series to the third largest industry in the rebased series with a contribution of 13.5 per cent.
Wholesale and retail trade which was among the largest contributors in the previous series is now ranked fourth in the rebased series.

National Accounts Statistics - 20091 9BRESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIES 9 Real estate, renting and business services industry forms the fifth largest contributor to the gross value added.

This industry covers the activities of owner occupied dwellings which is the main contributor to this sub-group.
This activity was grossly underestimated in the previous series, with a contribution of 3.45 compared to 10.65 per cent contribution in the rebased series.
The contribution of public administration and defense, which now includes social security, has been reduced significantly from 19.8 per cent in the previous series to 8.4 per cent in the rebased series..This is due to a change in the classification, where public health, education and social services are now excluded from public administration and defense and shown as separate industries.
The contributions of financial intermediation and FISIM have also been reduced from 11.7 per cent and 8.47 per cent respectively to 7.39 per cent and 3.48 per cent.

This mainly resulted from a methodological change in the estimation of FISIM and the output of the Financial Intermediation in line with the recommendations of the 1993 SNA.

The contribution of construction moved from 10.50 per cent in the previous series to 4.98 per cent in the new rebased series.
Manufacturing contribution has declined from 6.19 to 4.25 per cent.

The rebased series has implications for other economic statistics.

The table" 2.1 below shows how the revisions to the GOP series have impacted on various key macro-economic variables.

The per capita GOP at current market prices increased, on average by 26.0 per cent between 2000 and 2009, when comparing the previous GOP estimates with the new rebased estimates.
In 2009 only, the per capita GOP at current market prices increased from EC$ 13,995.00 in the previous series to EC$ 17,407.69 or 24.38 per cent in the rebased series.

The current account balance from the BOP statistics records the net position of Dominica in relation to the trade in goods and services with other countries, plus net income from abroad and net transfers from overseas.
Added to this, the sizeable yearly negative balances indicate that the value of our imports is much higher than the exports.

As a percentage of GDP at market prices, the current account balance has changed moderately using the old and new GOP data series.

In fact, the percentage average (2000 - 2009) changed from 22.6 percent in the prior series to 18.0 percent in the rebased series.
Similarly, reductions were noted for fiscal and debt ratios (see Tables 11.2.1 and 11.2.2) 10 9BRESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIESI National Accounts Statistics- 2009 Table 11-2.1 THE IMPACT OF THE REBASING TO 2006 ON SELECTED MACRO ECONOMIC VARIABLES Economic Indicators 2000 2001 2002 2003 2004 Total GOP at Market Prices (EC$M) Previous Series 732.15 718.60 688.10 709.65 770.08 Total GOP at Market Prices (EC$M) Rebased Series 887.59 908.90 898.53 935.67 1,006.59 Percentage Change (Previous/Revised) 21.23 26.48 30.58 31.85 30.71 GVA in Basic Prices (EC$M): Previous Series 621.60 607.48 575.24 581.14 611.44 GVA in Basic Prices (EC$M): Rebased Series 777.04 797.78 785.67 807.16 847.95 Percentage Change (PreviouS/Revised) 25.01 31.33 36.58 38.89 38.68 Total Real GVA (EC$M): Previous Series 456.35 437.35 415.15 415.55 428.21 Total Real GVA (EC$M): Rebased Series 821.11 821.76 803.83 841.77 860.73 Per Capita GOP (EC$): Previous Series 10,233.56 10,132.26 9,776.65 10,087.13 10,936.00 Per Capita GOP(EC$): Rebased Series 12,563.92 12,714.83 12,578.21 13,271.22 13,801.07 Real Growth Rate: Previous Series Real Growth Rate: Rebased Series BALANCE OF PAYMENTS 1.3% - -4.2% 0.08% -5.1% -2.18% 0.1% 4.72% 3.0% 2.25% Current Account Balance (EC$M) (168.06) (140.78) (127.86) (143.58) (158.91 ) As percentage of GOP Current Account Balance in Previous Series Current Account Balance in Rebased Series FISCAL 22.1% 18.2% 19.6% 15.5% 18.6% 14.3% 20.2% 15.3% 20.6% 15.8% Current Account Balance (EC$M) (16.38) (35.87) (37.69) (18.68) 917 Current Revenue (EC$M) 213.73 202.32 192.90 204.30 234.58 Current Expenditure (EC$M) 230.11 238.19 230.59 231.50 23307 As percentage of GOP in Previous Series: Current Account Balance in Rebased Series: Current Account Balance in Previous Series: Current Revenue in Rebased Series: Current Revenue in Previous Series: Current Expenditure in Rebased Series: Current Expenditure DEBT Total Public Sector Outstanding Debt (EC$M) Debt to GOP Ratio in PreVious Series Debt to GOP Ratio in Rebased
 Series -2.2% -1.8% 29.2% 24.1% 31.4% 25.9% -5.0% -3.9% 28.2% 22.3% 33.1% 26.2% -5.5% -4.2% 28.0% 21.6% 33.5% 25.8% -2.6% -2.0% 28.8% 21.8% 32.6% 24.7% 1.2% 0.9% 30.5% 23.4% 30.3% 23.2% 852.25 116.4% 96.0% 941.95 131.1% 103.6% 907.34 131.9% 101.7% 930.75 131.2% 99.5% 879.75 114.2% 87.6% National Accollnts Statistics - 200919BRESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIES 11 Table 11-2.2 THE IMPACT OF THE REBASING TO 2006 ON SELECTED MACRO ECONOMIC VARIABLES Economic Indicators 2005 2006 2007 2008 2009 Total GOP at Market Prices (EC$M) Previous Series 807.98 852.28 929.79 1,010.94 1,011.53 Total GOP at Market Prices (EC$M) Rebased Series 993.97 1,064.65 1,145.17 1,252.80 1,258.19 Percentage Change (Previous/Revised) 23.02 24.92 23.16 23.92 24.38 GVA in Basic Prices (EC$M): Previous Series 64127 666.94 711.32 770.83 763.75 GVA in Basic Prices (EC$M): Rebased Series 82726 879.31 926.70 1,012.70 1,010.40 Percentage Change (Previous/Revised) 29.00 31.84 3028 31.38 3229 Total Real GVA (EC$M): Previous Series Total Real GVA (EC$M): Rebased Series 442.48 846.75 463.55 475.19 879.31 909.01 490.41 967.91 479.69 957.30 Per Capita GOP (EC$): Previous Series 11,433.95 12,002.59 13,029.57 14,082.89 13,995.01 Per Capita GDP(EC$): Rebased Series 13,605.49 14,197.48 14,804.77 15,669.71 15,389.32 Real Growth Rate: Previous Series Real Growth Rate: Rebased Series BALANCE OF PAYMENTS ICurrent Account Balance (EC$M) As percentage of GOP Current Account Balance in Previous Series Current Account Balance in Rebased Series FISCAL 3.3% -1.62% 4.8% 3.85% 2.5% 3.38% 3.2% 6.48% -2.2% -1.10% (205.42) (134.60) (234.76) (319.43) (275.89) 25.4% 20.6% 15.8% 12.6% 25.2% 20.5% 31.6% 25.5% 27.3% 21.7% Current Account Balance (EC$M) 17.67 24.79 44.31 42.13 61.62 Current Revenue (EC$M) Current Expenditure (EC$M) As percentage of GOP in Previous Series: Current Account Balance in Rebased Series: Current Account Balance in Previous Series: Current Revenue in Rebased Series: Current Revenue in Previous
 Series: Current Expenditure in Rebased Series: Current Expenditure DEBT Total Public Sector Outstanding Debt (EC$M) Debt to GOP Ratio in Previous Series Debt to GOP Ratio in Rebased Series 255.10 269.03 312.24 337.77 237.43 244.25 267.93 295.64 2.2% 1.8% 31.6% 25.6% 29.4% 23.8% 951.66 117.8% 95.6% 2.9% 2.3% 31.6% 25.3% 28.7% 22.9% 951.89 ll1.7% 9BRESULTS AND HIGHLIGHTS OF THE NEW REBASED SERIESI National Accounts Statistics- 2009 III.
KEY CONCEPTS AND DEFINITIONS The following notes, concepts and definitions are presented here in order to facilitate an understanding of the statistical tables presented in this publication.

OUTPUT Output measures the value of goods and services produced within an establishment that become available for use outside that establishment.
There are three types of output: (i) (ii) (iii) Market output Output for own final use Other non-market output (1) Market output consists of (a) Products sold at economically significant prices (b) (c) (d) Products bartered Products used for payments in kind (wages in kind etc.)

Intra-company transfers of product (i.e.


the value of goods and services supplied by one establishment to another within the same enterprise, to be used as intermediate inputs) (e) Changes in inventories of work-in-progress and finished goods, referred to as stock investment (2) Output for own final use consists of (a) (b) Own-account capital formation Households production of products for own final consumption.
These include • • Production of goods for own final consumption Services of paid domestic staff Services of owner-occupied dwellings (3) Other non-market output: This consists of output that is provided free or at economically non-significant prices to other units.

This includes most of the output of the government sector and non-profit institutions serving households (NPI).
INTERMEDIATE CONSUMPTION This consists of non-durable goods and services purchased by producers and used up as inputs in the process of production.

It does not include goods and services produced within the establishment and fed back as inputs into production within the same establishment.

Non-durable goods are defined as goods NationalAccOImts Statistics - 2009110BKEY CONCEPTS AND DEFINITIONS 13 having an expected lifetime of use of less than a year.
Intermediate consumption goods are valued in purchasers' prices.

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

Problems sometimes arise in differentiating intermediate consumption from compensation of employees and gross capital formation.
Box 3: Valuation of Goods and Services Basic price is the amount receivable by the producer from the purchaser for a unit of a good less any tax payable, plus any subsidy receivable on that unit as a or service produced, It excludes any transport charges invoiced separately consequence of its production or sale.

by the producer.

Producer's price is the amount receivable by the producer for a unit of a good or service produced, less any VAT invoiced to the purchaser.
It excludes any transport charges invoiced separately by the producer.

Purchasers' price is the amount paid by the purchaser, excluding any deductible VAT or similar deductible tax, in order to take delivery of a unit of a good or service at the time and It includes any transport charges paid separately by the place required by the purchaser.

purchaser to take delivery at the required time and place VALUATION OF ITEMS USED IN COMPILING THE ACCOUNTS 1.

Output is valued at basic prices 2.


Intermediate consumption is valued at purchasers' prices 3.

Private and government final consumption expenditure are valued at purchasers' prices.

Private final consumption expenditure has been estimated as the residual of the GOP after the deduction of: a.

Net exports of goods and services; b.

Government final consumption expenditure and gross capital formation.

4.

Gross capital formation consists of gross fixed capital formation and changes in inventories.
Gross fixed capital formation and changes in inventories have been valued at purchaser's prices.

14 lOBKEY CONCEPTS AND DEFINITIONSI National Accounts Statistics- 2009 Changes in inventories are measured by the value of the entries into inventories less the value of withdrawals and the value of any recurrent losses of goods held in inventories.

5.

Imports are valued at f.o.b.

(free on board) as in the balance of payment statistics.

This consists of the c.i.f.


price less the costs of transportation and insurance charges between the customs frontier of the exporting country and that of the importing country.

6.

Exports are valued f.o.b., which is defined as the cost of the goods to the purchaser abroad including packing, inland transport, loading charges and all other costs occurring up to the point where goods are deposited on board the exporting vessel or aircraft.
FIGURE 1: RELATIONSHIP BETWEEN BASIC, PRODUCER AND PURCHASERS' PRICES Transport and trade margins Taxes less subsidies on products (including non deductible added taxes) on consumers value less Taxes products deductible value taxes) on producers subsidies on (including non added BASIC PRICE PRODUCER PRICE BASIC PRICE PRODUCER PRICE PURCHASER'S PRICE National Accollnts Statistics - 200911OBKEY CONCEPTS AND DEFINITIONS 15 GROSS VALUE ADDED Gross value added is a measure of each producer's contribution to GDP.
It is a measure of the increased or newly created value generated by the production process in question, gross of any capital used up in the production process.

FIGURE 2: DERIVATION OF GROSS VALUE-ADDED Gross Output Intermediate Consumption Gross Value Added FINANCIAL INTERMEDIATION SERVICES INDIRECTLY MEASURED (FISIM) In computing the gross domestic product for the total economy, an adjustment is made for financial intermediation services indirectly measured (FISIM).
FISIM is measured as the total property income receivable by financial intermediaries minus their total interest payable, excluding the value of any property income receivable from the investment of their own funds; as such income does not arise from financial intermediation.

FISIM must be recorded as being disposed of in one or more of the following ways - as intermediate consumption by enterprises, as final consumption by households or as exports to non residents.
GROSS VALUE ADDED AT BASIC PRICES This pertains to the value of all goods and services produced in an economy within a given time period of usually one year.

It is equal to the sum of compensation of employees, consumption of fixed capital, taxes less subsidies on production and operating surplus.

An over-riding consideration on measuring the value of a country's gross domestic product is that duplication must be avoided.
Duplication is avoided by deducting from the output of each producing unit the value of the inputs of goods and services that it has received "from other units, at home or abroad.

16 10BKEY CONCEPTS AND DEFINITIONSj National Accounts Statistics- 2009 FIGURE 3: COMPONENTS OF GROSS DOMES1"IC PRODUCT ...
Consumption of fixed capital is not deducted • Output measured consists of what is produced within the economic territory/country • Describes what is measured: the results of production GROSS DOMESTIC PRODUCT AT MARKET PRICES This is equal to the sum of the gross value added of all resident producers, plus taxes on imports, and all non-deductible VAT or similar taxes less subsidies.
GROSS NATIONAL INCOME 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 income from the rest of the world to GOP at market prices.

GNI is identical to GNP as was used previously in National Accounts.
NET INCOME FROM THE REST OF THE WORLD This is defined as the sum of two major components - net compensation of employees, and net property and entrepreneurial income.

Net compensation of employees covers the labour income for residents abroad and non-residents in the country.

Net property and entrepreneurial income covers investment income from ownership of foreign financial claims such as interest and dividends.

The entrepreneurial income of foreign investment in a country, i.e.
profits and dividends could be remitted to foreign countries or left unremitted.

The unremitted portion is always treated as reinvested eamings.
National Accounts Statistics -1009jlOBKEY CONCEPTS AND DEFINITIONS 17 LABOUR INCOME AND WORKERS' REMITTANCES It should be noted that there is a distinction between those individuals whose earnings are to be classified as labour income (persons who are not residents of the economy where they work) and migrants (persons who have become residents of that economy by virtue of being expected to live there for a year or more).

This distinction is often hard to make in practice.
Data for these items are generally obtained from the balance of payments accounts, where migrants' income is classified as workers' remittances under current transfers and labour income is classified as compensation of employees in the income account.

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 current output values by price indices or by extrapolating base year values by appropriate volume indices.

Both are equivalent to expressing current period quantities at base period prices.

METHODOLOGY OF ESTIMATING GROSS DOMESTIC PRODUCT The value added can be estimated by three different approaches, which are generally called the production approach, the income approach and the expenditure approach.
The production approach is designed to evaluate the value of output.

The value added is estimated by deducting intermediate consumption from the value of output.

The production approach is useful for estimation of gross 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 also referred to as the cost approach since it looks at the costs incurred by the producer within the establishment.

It is most commonly used in the case of seNice sectors, since data on gross output and intermediate consumption in the seNice sectors may not be readily available.
The expenditure approach is used to estimate the gross domestic product according to categories of final use.

This consists of estimates of expenditure of households' final consumption, consumption expenditure of government, private non-profit seNices seNing households and gross capital formation adjusted for imports and exports of goods and seNices.
18 10BKEY CONCEPTS MD DEFINITIONSINational Accounts Statistics- 2009 COMPENSATION OF EMPLOYEES This is defined to include all payments by resident producers of wages and salaries to their employees in cash and in kind, and of contributions, paid or imputed in respect of their employees, to social security schemes and to private pensions, family allowance, casualty insurance, life insurance and similar schemes.
Wages and Salaries This is defined to include all payments that employees receive in respect of their work whether in cash or in kind, and before deductions to social security, income tax, etc.

Included are: a) Commissions, overtime payments b) Tips c) Bonuses d) Cost-of-Iiving and deamess allowances e) Fees to ministers of religion f) Fees to members of board of directors g) Holiday and paid vacation or sick leave Also included is the cost to the employer of providing food, lodging, ordinary clothing etc.
either free of cost or at a markedly reduced cost that is of clear and direct benefit to the employees as consumers.

Excluded from wages and salaries is expenditure by employers which is of benefit to both the employees and employers.

Examples of these are outlays on: a) Medical examinations b) Sporting and other recreational facilities c) Amenities at place of work d) Reimbursement of expenses for travel and entertainment e) Reimbursement of expenses or provision of uniforms, tools and equipment.
Employer'S contribution to Social Security Schemes This is the amount payable by employers to social security schemes for the benefit of their employees.

Employer's contribution to Private Pension Funds and other pensions This is defined as contributions to private funds, reserves or other special schemes in respect of family allowances, lay-off and severance pay, casualties and maternity leave and pensions.
The System of National Accounts (SNA) states that if in the absence of special schemes of reserves, employers make National Accounts Statistics - 2009110BKEY CONCEPTS AND DEFINITIONS 19 direct payments of this type to their employees, imputed contributions in respect of these obligations should Je included in the employer's contribution to private schemes.
)PERATING SURPLUS OR MIXED INCOME fhis is equivalent to the excess of value added at the producers' prices over the sum of compensation of he employees, taxes less subsidies on production and imports and allowances for the consumption of 'ixed capital.

If a strict income approach to estimation value added is used, operating surplus is estimated jirectly and value added is estimated as the sum of its elements.
If a combination of the production and ncome approaches to estimation is used, value added is computed as the difference between gross output 3nd intermediate consumption and operating surplus is calculated as the residual between value added 3nd its other components.

Operating surplus is simply the sum of net profits and property income.
It is the surplus or deficit from production before taking into account interest and land rents payable by the establishments, as any non-allowable items such as bad debts, donations, miscellaneous provisions and :::apital 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 businesses.
When estimates of the operating surplus of establishments are derived from data on profits shown in the accounts of enterprises, care has to be taken to adjust these data, as necessary, to the national accounts' definition.

If the figures from the accounts of enterprises relate to profits before taxes, it is necessary to adjust them to ,remove property incomes, transfers paid and received and capital gains and losses reflected in the figures.
CONSUMPTION OF FIXED CAPITAL This is defined as the value at current replacement cost of the reproducible fixed assets used up during a period of account as a result of normal wear and tear, foreseen obsolescence and the normal rate of accidental damage.

However, 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.

The SNA 93 no longer uses the term "indirect taxes".

Indirect taxes have been renamed "taxes on production and imports".

They do not include direct taxes on the income or wealth of enterprises.
Taxes on production and imports consist of the following two groups: 1) Taxes on Products Tax usually payable per unit of specific goods and services 20 lOBKEY CONCEPTS AND DEFINITIONSI National Accounts Statistics- 00 i.

Production tax/excise duties: Include excise duties on rum, beer, cigarettes and soft drinks ii.

iii.

Taxes on exports.

Other taxes on products: Other taxes on specific goods and services, e.g.

hotel occupancy tax and entertainment tax.


2) Other Taxes on Production Taxes that establishments incur as a result of engaging in production but which are not directly tied to specific goods and services Property taxes Business and professional licenses Other taxes and licenses: Include stamp duties, vehicle taxes and licenses.

i. ii.

iii.

SUBSIDIES These are grants on the current account made by government to private industries and public corporations.
They also comprise grants made by the public authorities to government enterprises in compensation for operating losses when these losses are clearly the consequences of the policy of the government to maintain prices at a level below cost of production.
Any government grants to producers which are not connected with their productive activities but are given to them in the capacity of customers, such as social assistance grants and social security benefits, should be treated as current transfers and not as subsidies.

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

The government's final consumption expenditure consists therefore of the purchases of goods and services and expenditure on compensation of employees, less the revenue received from sales.

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

Fines and penalties are also excluded from sales and classified as "fines and National Accounts Statistics - 20091 IOBKEY CONCEPTS AND DEFINITIONS 21 :malties" whether paid by households or enterprises.
These items are not to be deducted from gross utput to arrive at final consumption expenditure.

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

Purchases of households of consumer durables such as furniture, radios, and automobiles are all included in private final consumption expenditure.
Purchases of dwellings are treated as gross fixed capital formation of the real estate industry.

The imputed rent of owner-occupied dwellings is part of the gross output of the real estate industry and is also included in the final consumption expenditure of households.

Two main concepts of final consumption expenditure of households are applied in the SNA, namely final consumption expenditure of households in the domestic market and final consumption expenditure of resident households.
The former concept relates to the expenditure of all household residents as well as non-residents, in the domestic territory of a country.

This concept is arrived at first in the process of estimation; it is also the concept of household consumption expenditure, which is classified according to type and object of expenditure.
Final consumption expenditure of residents is derived from final consumption expenditure of households in the domestic market by adding the direct purchases resident households make abroad and deducting the purchases non-resident households make in the domestic market.
Direct purchases of resident households abroad and by non-resident households in the domestic market cover expenditure by individuals such as diplomats and military personnel and by individuals who visit foreign countries as tourists, seasonal or border workers for a period of less than one year.

Outlays of individuals who are travelling on business and whose expenses are reimbursed by their employers should not be included, as they are part of the intermediate consumption expenditure of the employers.
GROSS FIXED CAPITAL FORMATION This consists of additions to the assets of producers of tangible reproducible goods that have an expected lifetime of use of one year or more.

The producers in question may be industries, producers of government services and producers of private nonprofit services to households.

The capital goods may be purchased or produced on own account.
Sales less purchases of second-hand fixed assets and sales of scrapped fixed assets and sales of scrapped fixed assets by producers should be deducted from gross fixed capital formation.
Gross fixed capital formation covers the following items: (i) Acquisitions by producers for civilian use of tangible assets which have an estimated lifetime of use of one year or more, except land, mineral deposits, timber tracts and similar non-reproducible 22 lORKEY CONCEPTS AND DEFINITlONSj National Accounts Statistics- 2 0 tangible assets.

Relatively inexpensive durable reproducible goods, such as certain types of office equipment, may on practical grounds be excluded.
Government outlays on construction machinery and durable equipment primarily intended for military use are classified as intermediate consumption rather than gross fixed capital formation.

(ii) Outlays on improvements and alterations of capital goods that significantly extend their expected lifetime of use or substantially increase their productivity are considered to be gross fixed capital formation.
(iii) Outlays on the reclamation and improvement of land, on the development and extension of timber tracts, mines, plantations, orchards, and similar agricultural holdings are included in gross fixed capital formation.

(iv) Purchases and breeding of draught animals, breeding stock, dairy cattle and sheep and other animals raised for wool and hair clips should be treated as acquisitions of fixed assets.
(v) Dealers' margins, solicitors' fees, stamp duties and other transfer costs of transactions in land, mineral deposits, timber tracts and similar non-reproducible assets in tangible non-financial assets and in second-hand assets are covered in gross capital formation.
CHANGES IN INVENTORIES 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, finished products, livestock raised for slaughter and merchandise held by resident industries and in stock of strategic materials and emergency stocks of important products held by government services.
In practice, the closest feasible approximation may be the difference between the levels of these stocks at the beginning and the 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 and gifts in kind.

Military equipment transferred between governments may, however, go unrecorded.
Expenditure abroad by residents such as tourists and other persons, seasonal workers and diplomatic and military personnel stationed abroad are treated as imports.

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

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

National Accounts Statistics - 200911OBKEY CONCEPTS AND DEFINITIONS 23 24 10BKEY CONCEPTS AND DEFINITIONSINational Accounts Statistics- 2009 IV.
SOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICES This section provides an overview of the sources and methods used to compile the gross value added for each economic activity in current and constant prices.

AGRICULTURE Agriculture comprises of agricultural crops, bananas, livestock, eggs production, forestry and fishing sub industries.

The gross value added is estimated using the production approach.
Agricultural Crops Agricultural crops in Dominica can be classified into two categories: i. ii.

Export crops, such as bananas, vegetables, tree crops and root crop; Other subsistence crops Bananas Data on bananas were obtained from the Dominica Agricultural Producers and Exporters (DAPEX), formerly Dominica Banana Producers Limited (DBPL).

The value of output of bananas was derived from the value of fruit purchased by WINFARM.
The value of inputs consisted of the total cost of sales of inputs derived by using data from the financial statements of the Input Warehouse.

The double deflation method was used to estimate the constant price estimates for bananas.

This method entails revaluing current year's quantity of bananas purchased at the 2006 base year price.

Inputs were also revalued at base year prices and then deducted from outputs to arrive at the value added at constant prices.
A composite index of the cost of fertilizers was constructed.

The value of inputs in current prices was deflated by the composite index of the cost of fertilizers to derive the value of inputs in constant prices.

The gross value added in constant prices is equal to the value of output at 2006 prices less the value of inputs at 2006 prices.
To derive the current prices for other bananas the value of output was derived from the total value of bananas exported as shown in the trade statistics less the total output from WINFARM multiplied by the average price per pound of bananas in the base year.

The cost of inputs for other bananas was calculated using a ratio of total inputs to the total value of outputs.
A volume index of the quantity of bananas produced was used to extrapolate the base year value added estimates to derive the constant price estimates.

National Accounts Statistics - 2009111BSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICES 25 Other Crops Gross value added for other agriculture crops was derived by using the production approach.
This method consisted of estimating the total value of agricultural output at producer's prices and subtracting intermediate consumption.

Output was estimated based on major export crops and covers over seventy one different crops produced in the country.

Intermediate consumption consists of expenditure on fertilizers, insecticides, seeds, the cost of maintaining and repairing machinery and equipment, fuel, and the purchase of small tools, bags, twine and other minor items.
It was estimated at 18 per cent of the gross value of output.

For constant price estimates, the value of output was revalued at 2006 prices.

A volume index was derived and used to extrapolate the base year value added estimate.

Livestock Data on livestock (cows, eggs and meat production, goats and sheep, poultry, pigs etc.)

were collected from the Ministry of Agriculture-Livestock Division, livestock farmers, trade statistics and others.
Estimates for livestock production were obtained from the 1995 agricultural census, National Farm Register, 2008 and livestock Extension farmers.

The cost of inputs were compiled from data on the local sales of livestock and poultry feed which data on the imports of livestock and poultry feed and chicks which were obtained from the trade statistics and adjusted for death, trade and transport margins to arrive at purchaser's prices.
The gross value added for livestock was computed as the value of output of production of livestock (goats, sheep, pigs etc.)

less the value of inputs (imported livestock feed, locally produced livestock feed, veterinary services etc.)

The gross value added for poultry was computed as the gross value of output of eggs and poultry meat less the value of inputs which consists of imported and locally produced pOUltry feed and repairs and maintenance and other costs.
The total value added for livestock in current prices is equal to the gross value added for livestock plus the gross value added for egg production.

To derive the constant prices, a volume index of output of the number (cows, goats and sheep, pigs, etc.)

were obtained for each year then multiplied by the base year (2006) value added in current prices to gain value added in constant for each year.
Forestry The value of output for forestry was estimated based on household consumption of charcoal from the HBS and SLC Survey and also using similar sources as a benchmark.

It was assumed that average household uses one sack of charcoal per month.

Intermediate cost was estimated as 5 per cent of gross output.

Current price estimates for forestry were computed as the value of output of production of forestry products (charcoal) less the value of inputs (wood and logs).
The gross value of output of charcoal in constant prices was used to form a volume index to derive the constant price estimates.

26 IlBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICESI National Accounts Statistics- 2009 Fishing The fish landed by fishermen were captured for this industry.

The quantity and price of fish landings were provided by the Fisheries Department of the Ministry of Agriculture and Fisheries and Dominica Export and Importing Agencies (DEXIA).
The gross value added in current prices for fishing was computed as the gross value of output for fish landed less the total inputs which consisted of fuel, tackles, oil etc.

The double deflation method was used to derive the constant prices.

The quantity of fish produced (dolphin, robin, etc.)

were revalued at the base year price and a composite index of inputs (gasoline, oil) was formed to deflate total inputs.
MINING AND QUARRYING The value of output for mining and quarrying comprised the value of the output of stone and sand.

The current price estimates were derived from the annual National Accounts Survey of establishments (NAS) as well as annual gross wages from DSS which was adjusted to account for employer's contribution and Trade Statistics.

The gross value added in current prices was computed as the value of output less the value of input.
A volume index consisting of quantity of stone and sand exported by companies in the industry was formed to deflate the gross output to derive the constant prices.

MANUFACTURING The manufacturing sector covers the activities related to the production of bakery products, chemicals and related products, beverages, water, wearing apparel, printing and publishing, furniture etc.

The value added is now classified in various sub-groups providing a wider coverage of manufacturing activities in Dominica.
The current prices were derived by analyzing the accounting data from the manufacturing establishments provided by the NAS, as well as gross wages and employment data from DSS.

Data on production from the bigger manufacturing establishments in the various sub-sectors were used to form output indexes while employment data for the other sub-sectors was used to form volume indexes.

These indexes were then used to extrapolate the base year value added to compute the constant prices.
ELECTRICITY AND WATER The electricity sub-sector includes activities related to the production, transmission and distribution of electricity, while the water sub-sector covers activities related to the collection, purification and distribution of water.

The main source of information was the annual NAS, the financial statements of Dominica Electricity Services (DOMLEC) and Dominical Water and Sewerage Company (DOWASCO).
National Accounts Statistics - 2009 IllBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENTAND CONSTANT PRICES 27 Electricity The current price estimates for electricity supply were based on an analysis of the financial statements of these establishments.

The gross value added was computed as the value of output less the intermediate consumption.

The constant prices estimates were derived based on a volume index consisting of Kilo Watt Hours (KWH) units produced.
Water The current price estimates for water supply were based on an analysis of the financial statements of the enterprises.

The gross value added is the value of output less the intermediate consumption.

The quantity of gallons of water consumed each year from the different categories of consumers was used to form a volume index to extrapolate the base year value added to derive the constant prices.
CONSTRUCTION This industry covers general construction activities such as altering and repairing structures as well as sub-contractors engaged in only part of the work on a construction project such as repairs, painting, and plumbing.

Also included are excavating and foundation work and establishments and households undertaking own account construction.

The current price estimation for the construction industry is based on the commodity-flow approach.
A range of construction materials were extracted from the external trade statistics.

The c.iJ values of net imports used for construction were adjusted upwards for duty, VAT, trade and transport margins.

The value of domestic production of construction materials was added to the value of net imports of construction material.

Adjustments were made to exclude construction materials utilized for manufacturing purposes.
The resulting estimates is intermediate consumption which was then used to derive the gross output and value added for the industry.

For the constant prices, an index of the cost of construction was used to deflate the gross value of output.

A volume index of the deflated gross output was then used extrapolate the base year value added.
The cost of construction index consisted of a weighted index of the cost of 13 major building materials and the average labor cost for the different types of construction workers.

WHOLESALE AND RETAIL TRADE The wholesale and retail trade sector included all areas of wholesaling and retailing activity in the economy.

These include the repair of personal household goods, distribution of fuel and fuel products and wholesale/retail of other goods.
The total number of establishments registered in the business register that are engaged in these types of activities are very significant.
The current price estimates for this sector estimated by analyzing the income and expenditure statements received through the annual NAS survey from the establishments which responded to the survey and also the imports data of the major 28 IIBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICESI National Accounts Statistics- 2009 wholesalers and retailers.

This has allowed the commodity method applied to be comprehensive in coverage of the informal.
From both the reported data and the imports data this has allowed for more accurate ratios which facilitated the breakdown of value added among the various sub-sectors.

The constant price estimates were derived by deflating the trade margins by the CPI and deriving a volume index of the deflated values to extrapolate the base year value added.
HOTELS AND RESTAURANTS This industry includes the activities of all registered accommodation establishments such as hotels, guest houses and other paid accommodation and restaurants operating in the country.

Hotels The gross value added in current prices was derived by analyzing the accounts of the hotels obtained by the annual national accounts survey.

Data were also sourced from the DSS on number of employees.

Adjustments were then made to account for non responses.
Gross value added in current prices was computed as the value of output less the intermediate consumption.

A volume index consisting of bed nights (total number of stay-over visitors multiplied by the average length of stay) was used to derive the constant prices.

Restaurants Current prices estimates were derived by analyzing the accounts of the restaurants obtained by the annual NAS.

Data were also sourced from the DSS on gross wages and salaries and number of employees.
Adjustments were then made to include employers' contribution to obtain the total compensation of employees.

Gross value added in current prices was computed as the value of output less the intermediate consumption.

Constant price estimates were derived by deflating the gross value of output with a price index consisting of the average costs of meals taken away from home obtained from the Consumer Price Index (CPI).
A volume index of the deflated value of output was used to extrapolate the base year value added.

TRANSPORT, STORAGE AND COMMUNICATION This industry covers the activities related to the provision of transport, storage and communication services.
The gross value added in this industry was derived by estimating the value added from each of the following sub-groups; road transport, sea transport, air transport, supporting and auxiliary transport activities and communication, which consist of postal and courier services, radio and television and telecommunication services.

Different methods were applied for each category of transport as outlined below.
National Accounts Statistics - 200911lBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICES 29 Road transport This activity includes the transport of passengers and freight via road.

Data on the number of hired cars (taxis), buses, trucks/pick-ups and tour buses are available from the licensing department.
These data are aqjusted to include non license vehicles and to exclude vehicles that are owned by government, industrial or commercial establishments and are not used in the transport industry.

Data on income and expenditure are extracted from financial statements or obtained from surveys of this industry.

The average estimates for the various groups of vehicles for gross output and intermediate consumption (fuel, servicing and others are available.
The constant price estimates are computed by extrapolating the base year value added estimates for each type of vehicle based on a volume index of the number of hired cars, buses, trucks/pick-ups and tour buses operating in the current year.

Sea transport This activity includes the transport of passengers or freight over water, whether scheduled or not.

Also included are the operations of cruise or sightseeing boats, ferries, etc.
The estimates of gross value added in current prices were computed by utilizing data obtained from the NAS which were provided by the establishments in this industry.

Data were also sourced from the DSS on gross wages and salaries and number of employees.

Adjustments were then made to include employers' contribution to obtain the total compensation of employees.

Gross value added in current prices was computed as the value of output less the intermediate cost.
For constant price estimation, the total cargo loaded and landed as well as total visitor arrivals and departures by sea were used to form a composite volume index.

The gross value added was derived by extrapolating the base year value added by the composite volume index.
Air transport The estimates of gross value added for this sub sector were calculated on the basis of analysis of data obtained from the annual NAS from local and foreign owned airlines as well as data from the DSS on gross wages and salaries and number of employees.

The estimates at constant prices were derived by constructing a composite index of visitor arrivals and departures by air.

This index was used to extrapolate base year value added.
Supporting and auxiliary transport activities This sub group covers the activities of the Dominica Air and Sea Administration (DASPA) travel agencies, tour operators, shipping agencies and cargo handlers.

The estimates of gross value added were calculated on the basis of analysis of data obtained from the annual NAS of various establishments.

Data were also sourced from the DSS on gross wages and salaries and number of employees.
Adjustments were then made to include employers' contribution to obtain the total compensation of employees.

Gross value added in current prices was computed as the value of output less intermediate cost.

The overall value added is the summation of the value added for each sub group.
Constant prices were derived for 30 llBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICESI National Accounts Statistics- 2009 each sub-group by using data on cargo loaded and landed and passenger arrivals and departures by air to form various volume indexes.

These indexes were used to extrapolate the base year value added to obtain the constant prices.

The overall value added is the summation of the value added for each sub group.
COMMUNICATIONS Telecommunication This activity includes telecommunications, national postal activities, courier services and radio and television services.

In the case of telecommunications, the gross value added at current prices was estimated on the basis of data obtained from the annual NAS of establishments.

For constant price estimates, a composite index comprising of rates per minute for international and domestic calls for fixed line telephones and mobile phones was constructed.
Weights were assigned to the different types of communication.

Average telecommunications rate was used to form a price index.

Hlis index was used to deflate the gross output.

The gross value added at constant prices was derived by extrapolating the base year value added with a volume index of the deflated value of output.

Postal Services The gross value added at current prices was estimated on the basis of data obtained from administrative data.
A price index consisting of local and overseas rates for postage of a letter was used to deflate output.

Constant prices were derived by extrapolating the base year value added with an index of the deflated output.

Courier Services The gross value added at current prices was estimated on the basis of data obtained from the annual NAS of establishments in this activity.

A volume index consisting of cargo was used to deflate output.
Radio and Television This sub-sector includes the activities of all radio stations on island except those which are only involved in broadcasting and the companies involved in the provision of television services.

The current prices were estimated by using the analyzed data from their statements which was collected from the annual NAS and employment data received from DSS.

The constant prices were computed by deflating current value added by a volume index.
National Accounts Statistics - 2009 IllBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICES 31 FINANCIAL INTERMEDIATION Banks This sector indudes the activities of commercial banks and agricultural industrial development banks.

Data on banking activities are obtained from the annual NAS, and from the statutory returns of financial institutions to regulatory agencies.
Output and costs are estimated directly from these returns and used to calculate the gross value added estimates.

The constant price estimates were derived by deflating the average stock of loans and advances by the CPI to derive a volume index of loans and deposits.

A margin rate was applied to the deflated value of loans and advances to obtain FISIM on loans and deposits at constant prices.
The output of banks at constant prices was obtained from the summation of FISIM and explicit charges in constant prices.

A volume index of the output of banks was formed to extrapolate the base year value added to derive the constant prices.

Auxiliary Financial Intermediation This industry covers the activities of other banks which receive deposits transferable by cheque or otherwise used in payments or available on demand, savings and loan association which are mainly the credit societies.
The current price estimates were computed from the analysis of the annual statements received from those establishments during the annual NAS.

Constant value added is derived by extrapolating the current prices by a volume index of membership.

Insurance and Pension Funding This industry covers both life and non-life insurance.
The gross value added estimates were derived from data provided by the annual NAS and from returns provided to the regulatory authority-Financial Service Unit (FSU) and Eastern Caribbean Central Sank (ECCS).

Gross value added in current prices was computed as the value of output less intermediate consumption.
Estimates for constant prices for non life insurance were compiled using the average rates for vehicles insurance and property insurance and assigning weights to vehicle and property insurance, to obtain a composite index.

The current price estimates of output were deflated by the composite index to derive the output at constant prices, which was then used to extrapolate the base year value added.
For life insurance, the constant price estimates were derived by using a volume index of number of life insurance policies issued.

REAL ESTATE, RENTING AND BUSINESS ACTIVITIES This industry is sub-divided into five sub-groups namely: owner-occupied dwellings; real estate; renting of machinery and equipment; computer and related services; and business services.
32 llBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICESI National Accounts Statistics- 2009 Owner-Occupied dwellings and Real Estate (Rented Dwelling) The current price estimates are developed by benchmarking the population and housing census 2001 data on dwellings.
The rental value of tenant - occupied housing and the imputed rental value of owner - occupied housing are both part of housing services, reflecting the amount of money tenants spend for the service of shelter and the amount of money owner occupants would have spent had they been renting.

Value added for owner - occupied housing is calculated as the imputed output of housing services less the expenses associated with owner - occupied housing, such as maintenance and repairs.
The average rental value is observed and applied to the housing stock.

The stock is identified into owners occupied and rented units.

The rental value is moved by the CPI for housing, and is applied to the dwelling stock to derive the value of output.

A fixed ratio is applied to arrive at the value added in current prices.

This procedure result in value added in current prices for both owner occupied dwellings and real estate activities.
The constant price estimates were obtained from a volume index consisting of the number of owner occupied and rented dwellings.

This index was used to extrapolate the base year gross value added to obtain the constant prices.

Renting of Machinery and Equipment The gross value added estimates were derived from data provided by the annual NAS.

Data were also sourced from the DSS on number of employees.

Current prices were obtained for both vehicle rentals and machinery and equipment rentals.
Gross value added in current prices was computed as the value of output less intermediate consumption.

Constant price estimates were derived from a volume index consisting of stayovers for vehicle rentals and by a CPI index for machinery and equipment rentals.

Computer Related Services The gross value added estimates were derived from data provided by the annual NAS.

Data were also sourced from the DSS on number of employees.
Gross value added in current prices was computed as the value of output less intermediate consumption.

A volume index was used to compute the base year value added at constant price.

Business Services This industry includes the services of lawyers, accountants, management consultants, architects, photographic studios, building cleaning activities etc.

The gross value added estimates were derived from data provided by the annual National Accounts survey.
Data were also sourced from the NIS on the number of employees.

Gross value added in current prices was computed as the value of output less intermediate consumption.

Constant Price estimates were derived by extrapolating using a volume index of output.

National Accounts Statistics - 20091 I1BSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICES 33 PUBLIC ADMINISTRATION, DEFENCE AND SOCIAL SECURITY This sector comprises central government and the social security services.
Central Government The gross value added estimates in current prices were compiled from administrative data using the Income Approach which comprises of compensation of employees.

Compensation of employees includes personal emoluments, wages, allowances, overtime, severance payments, honoraria and retiring benefits.

Data on the central government consumption of fixed capital (CFC) was also obtained from administrative records.
The constant prices were derived by deflating the current prices with a wage index of the average increase in salaries over the years.

Social Security Services The gross value added was compiled from data provided by the NIS on the annual NAS of establishments.

The GVA consists of the total compensation of employees plus depreciation plus taxes on production of the DSS.

Constant price estimates were compiled from a volume index consisting of the total number of employees.
The GVA in the base year was then extrapolated by this index to obtain the GVA in constant prices.

EDUCATION This industry is divided into public and private educational activity and includes primary, secondary and tertiary institutions.
Public Education Data on compensation of employees from the Ministry of Education were analyzed to derive the gross value added which is based on the personal emoluments paid to workers, and consist of wages and salaries, pensions, gratuities, severance pay, back pay and allowances.

The constant price estimates were derived by deflating the current prices with a wage index of the average increase in salaries over the years.
Private Education The current price estimates were derived from data provided by the annual NAS and administrative sources.

Data were also sourced from the DSS on number of employees.

Gross value added in current prices was computed as the value of output less intermediate consumption.

An volume index of students enrolled was used to estimate constant value added.
34 llBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICESI National Accounts Statistics- 2009 HEALTH AND SOCIAL WORK Public Health Data on compensation of employees from administrative records were analyzed to derive the gross value added which is based on the personal emoluments paid to workers, and consist of wages and salaries, pensions, gratuities, severance pay, back pay and allowances.
The constant price estimates were derived by deflating the current prices with a wage index of the average increase in salaries over the years.

Private Health The gross value added estimates were derived from data provided by the annual NAS.

Data were also sourced from the DSS on gross number of employees.

Gross value added in current prices was computed as the value of output less intermediate consumption.
A price index consisting of average medical fees which was obtained from the CPI was used to deflate output.

The base year gross value added was extrapolated by a volume index of the deflated output to derive the constant prices.

OTHER COMMUNITY, SOCIAL AND PERSONAL SERVICES This industry includes the activities of trade unions, sewerage and refuge disposal, motion picture projection, beauty salons, barber shops, religious organizations, funeral related services etc.
The gross value added estimates were derived from data provided by the annual NAS.

Data were also sourced from the SLC and HBS Survey 2008/9, also DSS on gross wages and salaries and number of employees.

Adjustments were then made to include employers' contribution to obtain the total compensation of employees.

Gross value added in current prices was computed as the value of output less intermediate consumption.
Constant price estimates were derived for each sub-group by using data on Consumer Price Index (C.P.I) within the industry to form volume indexes.

These indexes were used to extrapolate the base year value added.

The gross value added for this industry is the summation of the gross value added for each sub group.
PRIVATE HOUSEHOLD WITH EMPLOYED PERSONS This industry includes the activities of households as employers of domestic personnel such as maids, cooks, waiters, valets, butlers, gardeners, gatekeepers, chauffeurs, caretakers, babysitters, tutors, etc.

The product, which is self-consumed, is considered non-market and assessed according to the cost of the personnel in the national accounts.

These services cannot be provided by companies.


As this activity occurs in the household and forms part of the informal sector, it is difficult to collect the required data directly, on an annual basis.

As a result the main source of data was Survey of Living Condition and National Accounts Statistics - 2009111BSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICES 35 Household Budgetary Survey 2008/2009 and the records of Dominica Social Security.
Data were obtained on gross wages and salaries and number of employees.

Adjustments were then made to include employers' contribution to obtain the total compensation of employees.

The gross value added in current prices consisted of compensation of employees.

Constant price estimates were compiled from a volume index consisting of the total number of employees within each sub-group.

The base year gross value added was extrapolated by this index to obtain the constant price estimates.
FISM FISIM stands for financial intermediation services indirectly measured.

In the System of National Accounts it is an estimate of the value of the services provided by financial intermediaries, such as banks, for which no explicit charges are made; instead these services are paid for as part of the margin between rates applied to savers and borrowers.
The supposition is that savers would receive a ~Iigher interest rate and borrowers pay a lower interest rate if all financial services had explicit charges.

The 1993 SNA calculated FISIM as the difference between property income receivable and interest payable excluding the value of any property income receivable from the investment of own funds.
The 1993 SNA recognized that in practice it may be difficult to find a method of allocating FISIM among different users and therefore, accepted that some countries may prefer to continue to use the convention whereby the whole of the services are allocated to intermediate consumption of a notional industry.

The 1993 SNA suggests two ways of allocating FISIM to the sectors that consume it.

The preferred method is to use a reference rate of interest, which is a theoretical concept.
The annual reference rate is the interest rate that people must be paid to persuade them to wait one year before spending their income.

The interest rates that are observed on the market are higher than the reference rate because they include a risk factor.

The second method of allocating FISIM is using relevant indicators.

Relevant indicators are the total bank loans to a given sector and the total deposits held by banks from that sector.
Total loans are added to total deposits and each sector's share in total bank loans and bank deposits are used to allocate FISIM.

The 1993 SNA recognizes that these two approaches may not be feasible for all countries because of data constraints.

In the case of Dominica, data on global FISIM was obtained from the annual NAS of financial institutions.

The balance sheet data on total deposits and loans and advances were obtained from the ECCB and were used in the allocation of FISIM.
The sector distribution of depositors and borrowers FISIM was allocated among households, non-residents, government and businesses.

In the allocation of FISIM, an assumption that banks provide the same amount of service for each dollar loaned and deposited was 36 llBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICES/ National Accounts Statistics- 2009 made.
This assumption was made to keep the allocation simple, although we know that FISIM margins vary among various assets and liabilities.

Thus the FISIM allocated to depositors should then be allocated among sectors (household, government, non-residents and businesses) on the basis of their deposit holdings.

Similarly, FISIM allocated to borrowers should be distributed among the sectors on the basis of outstanding loans.
In the case of Dominica data are only available on loan holdings and not deposit holdings.

In the absence of such data on deposit holdings, industry output was used as an allocator.

FISIM in constant prices was derived by deflating the average stock of loans and deposits by the CPI to derive a volume index of loans and deposits and having the base year margin rate applied to the deflated values of loans and deposits.
National Accounts Statistics - 2009 I llBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICES 37 38 llBSOURCES AND METHODS OF ESTIMATING THE GROSS VALUE ADDED IN CURRENT AND CONSTANT PRICESI National Accounts Statistics- 2009 STATISTICAL TABLES AND CHARTS v. STATISTICAL TABLES AND CHARTS lIlIII lIll1 2002 lllll lllIl _ACTMTY - AgrEiiIu~ c.., hlgl1luonJino IlInotoc:IIIin!
EIodricityl_Sopply EOdriOIy W'*' ConstnJdion _IRetil7r.11e Ho1tlsI_ -c.., lJ'IeslD F""'Y FOWl] 10816 89.76 27.64 61.92 7.76 3.DI 7.73 11.71 81.81 32.59 2311.

0.3D lU9 B4J8 17.05 lDJIO 1.05 11169 3014 14.03 0.91 13.16 54.41 5411 lUo 9.32 OJDByF.....I_ 7011 RoodTrwpot Sea7rwpot 4ir7rwpot 0JDBy T<njlJt _15Onge -... Transport.

Storage &Con'llllDlicatiOll NgJdilb1IennediaIIon Real Est*, Rentilg &BlI5iness am '...... -- - - - - - ""* ""* """.

LesRSIII ..ilfhlSociolWul GVAilBasicPril:es _Rale!"}
T.nesonProduds LessStlbsili!

!soof'lOO1.ds GDPitbUtPri:es _RIle"', o-aa.p<dDoelW'Js RealEstEkMes ~~IAIliinery'E..,.m CaTprterIR_s-.. e.-sss-.. ~tlll: Admilistr.dion &Defena: Compulso~ Social Secllify Edaon 90.~ 1.3.711 58.20 1.85 111.

5.25 16.93 85.41.
5.25 16.93 85.41.

34.85 50.56 OW 2729 495 9.05 1.90 31.89 rom 281 115.52 4.91 rom 241 _C<Ilununily,SociaiI P...naJ __okIswilh~ 103.15 64.51 19.16 851S 7.45 11ll 8.711 8.54 85.lB 30.49 21.15 9.34 31.02 91..11 1691 9ill 6.81 106.68 34.15 ID.03 0.92 1211 47.93 !3J5 31.1Il 11.110 14.50 92.54 11.85 8503 1.51 111 6.15 80.11 9(05 36.30 >7.75 3UI 27.64 3.T1 9.00 1.91 J6JJO 797.71 (1J1!
116.01 4.89 797.71 fLUI 97.51 ill08 18.39 51.66 715 3.08 712 6.88 71.82 30AI 1Il.64 9.58 23.83 9DJIO 11.15 930 9.10 9W 34.4J ID.85 066 14.85 33.97 5611 31..79 940 "00 92.59 1775 66.33 1.90 1.10 5.62 liAl.

lDl.13 3017 68.56 32.12 28.90 4-12 9.19 U4 J2.3O 71Ul 151 111.76 4.011 719.33 4.17 101.12 85.87 13.98 71.91 760 305 5s) 8.11 48.88 lOll 29.72 0.54 2934 93A1 1.8111 949 6.90 IUS 35.111 8.89 D.19 14.01 25.90 58JI.
33.14 10.73 1434 9l.16 1185 66.1D 162 108 6.53 78.56 136.19 J9.1ll 91.10 32.06 27.711 436 9.61 200 1635 1l17.16 (71 132.33 l.12 1l17.16 7J4 111.01 91.34 1816 7608 9.45 3.15 407 11.14 45Jl 41.88 32.1D 9.78 32.76 lD1.02 17.55 0.44 611 11U9 42.64 ID.711 0.16 14.02 46.38 51.75 34.6Il ID76 13111 98.30 11.!lI 61.lfl 212 1.15 1.1' 7351 127.84 36.41 01.4J 30.35 25.11; 4.49 10.75 206 19.15 145.81 281 181.35 271 845.8l 1.18 ~ "iii c: .c ~ 0 i5 12.0% 1.0.0% 8.0% 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% =i-=Real GVA .
Previous Series -=--.-=Real GVA: Rebased Series /.~~, _~~~T~.j~",~_·- --~ ~~~- f- • \ f--2~OO-I.---2-0-0-2---'/-f"'20i:!

'-~-'~-~--2-00-4---2-0-0-5---200-6---2-0-07---2-0-0-8-'--,"~ .

"",--~~~~__..J '- ,I 1• ~.

• Wholesale and Retail Trade If Agriculture -}:=_.,_=_._'=~~~~=_'=.
"~~~__~~~~~~~~~ -~~~~_~~~~_~~~__~__~~~~~_ Transport & Communication Education F~~--~~-~~~-~~-~~--~~~-~ Real Estate, Rentingand Business Activities Public Ad ministration & Defence Financiallnterrnediation Construction Electricity and Water Manufacturing ~--~ FISIM Hotels and Restaurants E Miningand Quarrying Health & Social Work --, Other CornrnunitYI Social and Personal Services, including , Private Households \Nith Employed Persons -~--~---r--~'----'---~--'----'----.
-,:--' o 2 4 6 8 10 12 14 16 18 National Accounts Statistics - 2009 I12BSTATlSTlCAL TABLES AND CHARTS 39 Table V-1.1 GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CURRENT PRICES' 2000-2004 (EC$M) ECONOMIC ACTIVITY 2000 2001 2002 2003 2004 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work PUblic Private other Community, Social & Personal Services Private Households with Employed Persons Less FISIM GVA in Basic Prices Growth Rate (%) Taxes on Products Less Subsidies on Products GOP in Market Prices Growth Rate (%J - 115.52 4.97 887.59 - 93.42
(1.52) 117.76 4.90 898.53 (1.14) 2.00 28.34 807.16 2.74 132.33 3.82 935.67 4.13 2.06 29.75 847.95 5.05 161.35 2.71 1,006.59 7.58 40 12BSTATISTICAL TABLES AND CHARTSI National Accounts Statistics- 2009 Table V-1.2 GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CURRENT PRICES' 2005-2009 (EC$M) ECONOMIC ACTIVITY 2005 2006 2007 2008 2009 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons less FISIM GVA in Basic Prices Growth Rate (%) Taxes on Products Less Subsidies on Products GDP in Market Prices Growth Rate (%) (2.44) 171.71 5.00 993.97 (1.25} 110.93 93.64
(2.44) 171.71 5.00 993.97 (1.25} (0.22) 252.50 4.72 1,258.19 0.43 National Accounts Statistics - 2009112BSTATISTICAL TABLES AND CHARIS 41 Table V-2.1 GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CONSTANT PRICES: 2000-2004 (EC$M) ECONOMIC ACTIVITY 2000 2001 2002 2003 2004 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration &
 Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM GVA in Basic Prices Growth Rate (%) - 821.76 0.08 803.83 (2.18) 841.77 4.72 860.73 2.25 42 12BSTATISTICAL TABLES AND CHARTSINational Accounts Statistics- 2009 Table V-2.2 GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY IN CONSTANT PRICES: 2005-2009 (EC$M) ECONOMIC ACTIVITY 2005 2006 2007 2008 2009 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road
 Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons less FISIM GVA in Basic Prices Growth Rate (%J (1.62J (1.10J National Accounts Statistics - 2009112BSTATISTICAL TABLES AND CHARTS 43 Table V-3.1 PERCENTAGE
 CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CURRENT PRICES' 2000-2004 ECONOMIC ACTIVITY 2000 2001 2002 2003 2004 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL 0.33
5.47 6.93 4.09 1.57 1.27 11.36 2.12 7.92 0.33 0.14 0.84 8.67 15.08 4.29 10.78 3.57 3.05 0.53 1.27 0.24 3.51 100.00 100.00 100.00 100.00 100.00 44 12BSTATISTICAL TABLES AND CHARTSI National Accounts Statistics- 2009 Table V-3.2 PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CURRENT PRICES· 2005-2009 ECONOMIC ACTIVITY 2005 2006 2007 2008 2009 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery 15< equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL 3.83
National Accounts Statistics - 2009112BSTA TISTICAL TABLES AND CHARTS 45 Table V-4.1 PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CONSTANT PRICES' 2000-2004 ECONOMIC ACTIVITY 2000 2001 2002 2003 2004 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL 0.54
12BSTATISTICAL TABLES AND CHARTSI National Accounts Statistics- 2009 Table V-4.2 PERCENTAGE CONTRIBUTION OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CONSTANT PRICES' 2005-2009 ECONOMIC ACTIVITY 2005 2006 2007 2008 2009 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation _.
_.. Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL NationalAccounts Statistics -2009 I12BSTATISTICAL TABLES AND CHARTS 47 Table V-5.1 RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CURRENT PRICES: 2001-2005 ECONOMIC ACTIVITY 2001 2002 2003 2004 2005 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea
 Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL (4.16) (5.85) (30.83) 5.38 (3.88) 2.60 12.55 (27.08) 5.61 (6.43) (8.89) (0.33) 0.89 (2.82) (2.58) (1.94) (3.49) (6.16) 14.90 (26.83) (2.61 ) (7.53) (11.93) 17.77 1.81 84.64 24.41 15.65 28.81 13.29 (3.64) 0.13 17.18 6.29 10.12 4.17 14.22 (1.92) 2.04 (23.76) (0.59) 1.03 (5.00) (6.01) (5.24) (4.52) (5.46) (4.05) (0.79) (16.97) (19.42) 19.53 (0.22) (1.43) 2.51 (35.64) (1.86) 6.85 (4.23) 22.80 (11.18) (0.92) (0.71 ) (28.12) 22.02 (29.12) (11.87) (15.61) 2.81 (18.18) (0.07) 0.59 0.59 5.66 (9.14) (8.75) (2.85) 14.65 8.19 18.71 3.49 2.73 9.09 2.09 4.92 7.23 (24.08) 16.56 6.31 (0.35) (19.85) 29.08 (37.64) 29.03 42.57 (0.41 ) 23.15 3.79 (8.19) 1.10 (18.63) (8.87) 4.47 (10.66) 20.43 (5.69) (23.78) 4.52 6.16 (4.38) 13.08 1.39 0.56 0.56 (3.57) (3.45) 16.31 0.18 26.30 (0.46) 41.63 (2.01) (3.15) 5.95 4.58 1.02 (10.11) 3.09 (12.40) 2.67 (1.52) 2.74 8.51 9.86 30.91 5.78 24.35 3.18 (29.64) 25.39 (5.86) 6.69 8.01 2.56 11.66 8.14 7.68 (0.55) 19.16 35.50 19.11 10.35 (3.77) 16.59 79.10 (0.10) 2.79 (7.34) 0.48 2.70 0.76 0.76 74.07 8.48 9.28 (6.43) (6.14) (6.87) (5.84) (5.45) (6.67) 2.25 11.92 3.00 4.94 5.05 1.77 3.36 (16.03) 8.02 (8.87) 3.38 (11.55) (15.48) (14.21) 3.42 5.14 (2.21 ) 9.94 (1.55) (14.64) 3.43 (35.68) 3.11 5.02 (7.91 ) 8.04 (11.18) 8.83 (4.51) (11.60) 16.08 (7.07) 1.16 0.47 0.47 (7.62) 4.84 12.26 (0.94) (14.40) (0.25) (20.04) 0.74 0.30 3.30 (9.47) 21.14 (8.00) (2.44) 48 12BSTATISTICAL TABLES AND CHARTSINational Accounts Statistics- 2009
 Table V-5.2 RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CURRENT PRICES: 2006-2009 ECONOMIC ACTIVITY 2006 2007 2008 2009 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL (1.82) (3.97) 18.97 (8.26) 14.23 5.00 12.00 22.06 11.00 5.90 7.41 0.61 4.67 (1.67) 22.01 (2.65) 68.19 12.69 7.18 10.34 12.87 2.95 20.87 10.16 11.27 (2.77) 26.65 (0.89) 0.55 0.55 (8.62) 4.79 (14.62) 4.92 18.14 (2.18) 28.24 2.69 3.16 - 7.53 17.45 13.64 7.15 1.77 (47.16) 13.62 46.31 (0.12) 42.60 20.37 32.10 92.35 25.32 (16.40) 0.31 (69.91 ) 0.63 0.62 (10.58) 2.56 0.56 0.47 2.00 22.79 (9.36) 11.22 (0.93) 56.98 23.40 14.67 2.14 (0.27) 4.75 (0.43) (1.83) (7.22) 2.65 7.97 (0.22) 19.39 23.64 0.21 30.62 1.39 0.45 0.45 17.20 11.93 5.71 3.52 (3.19) 6.16 (6.74) 4.03 4.36 2.13 4.54 2.15 2.82 22.06 (11.00) (4.31 ) (4.24) 5.03 (26.29) 29.66 (5.00) 0.86 (1.84 ) 10.00 (11.32) 20.23 (6.70) 3.09 2.05 4.17 4.92 2.51 22.37 30.12 11.85 1.68 3.45 9.24 (0.25) (7.93) 2.86 0.82 0.82 23.66 5.85 18.62 (0.70) 12.44 2.78 16.61 4.21 4.57 2.08 1.94 2.82 10.09 3.78 - 7.60 6.78 22.97 13.58 (1.00) 11.30 (8.42) 1.15 3.13 0.43 (4.12) 0.00 0.54 0.54 (13.68) 2.24 (0.35) 5.69 0.38 (0.25) 0.61 3.55 3.60 3.21 0.26 (1.33) 3.90 6.29 5.39 9.28 (0.22) National
 Accounts Statistics - 2009112BSTATISTICAL TABLES AND CHARTS 49 Table V-6.1 RATE OF GROWTH OF GROSS VALUE ADDED BY ECONOMIC ACTIVITY IN CONSTANT PRICES' 2001-2005 ECONOMIC ACTIVITY 2001 2002 2003 2004 2005 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL (5.81) (7.30) (25.14) (0.33) (1.73) 2.60 12.52 (11.54) (5.83) 4.81 4.45 6.46 4.25 (3.52) (0.56) (8.67) 9.09 (1.46) 8.98 (7.12) (1253) (5.86) (4.10) 3.86 4.88 2.16 3.58 1.25 0.36 0.36 (1.04) (1.42) 15.37 4.41 9.15 2.09 13.66 (3.64) (0.00) (23.81 ) (2.99) 1.02 (1.69) 0.08 (2.38) ( 1.85) (4.58) (1.05) (2.15) (0.79) (13.29) (11.89) (11.28) (1.20) (1.03) (1.97) (34.28) (2.04) 13.90 (11.12) 38.80 (8.31 ) 6.96 (20.48) (0.13) (9.73) (14.06) 2.18 0.97 1.50 6.12 (0.17) 0.59 0.59 3.38 (9.31 ) (8.92) (3.49) 11.93 8.20 14.07 3.47 2.73 8.87 2.82 1.01 3.88 (2.18\ (5.17) (4.99) (25.10) 0.71 (3.68) (0.35) (15.32) 26.36 9.48 0.23 (2.35) 12.02 35.94 2.34 (6.14) 15.60 (19.99) (0.28) 5.96 (6.16) (1.60) (8.62) (1.47) (14.11) 15.13 (1.72) 9.46 1.18 0.52 0.52 (8.66) (4.80) 14.68 4.65 28.07 4.53 40.86 2.36 1.69 6.96 (0.62) 3.00 2.82 4.72 0.08 0.58 22.33 (3.99) 10.78 (11.56) (23.63) 26.25 7.02 (0.04) 1.25 (5.19) 21.97 7.03 5.30 19.82 (8.07) 7.18 7.81 12.65 (4.58) 13.50 4.76
 34.45 10.08 2.37 (2.19) 2.30 0.66 0.66 60.39 5.92 6.70 (6.39) (8.73) (6.88) (9.47) (5.52) (6.67) 1.99 3.11 2.91 19.04 (0.26) (0.06) (9.12) 2.37 (4.66) 3.38 3.64 (13.37) (2.56) 8.93 5.59 23.12 7.13 (4.47) (2.43) 1.09 (6.66) 10.22 15.94 3.67 4.84 8.02 7.75 4.20 3.51 3.54 6.96 0.89 0.47 0.47 (12.40) 3.10 10.41 (5.47) (15.53) (5.25) (19.79) (3.58) (4.71) 3.20 (1.54) 17.45 2.04 2.25 (1.62) 50 12BSTATISTICAL TABLES AND CHARTSI National Accounts Statistics- 2009 Table V-6.2 RATE OF GROWTH OF GROSS VALLIE ADDED BY ECONOMIC ACTIVITY IN CONSTANT PRICES' 2006-2009 ECONOMIC ACTIVITY 2006 2007 2008 2009 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL 1.05 (0.29) 1.15 (0.63) 6.50 1.38 23.90 11.28 5.36 1.40 2.10 (1.18) 9.06 (4.17) 9.06 0.35 20.39 7.56 6.77 16.42 (11.37) 12.17 6.02 6.03 3.97 10.50 6.62 (1.06) 0.55 0.55 (5.70) 2.14 (16.79) 2.07 13.69 (4.99) 22.84 (0.70) 0.07 (4.91 ) 4.44 14.86 9.74 3.85 (8.67) (11.63) (54.74) (1.19) 3.55 (3.44) 25.83 27.64 (4.02) 1.85 1.13 4.56 26.28 17.57 0.05 (4.91 ) 5.42 7.88 7.31 18.26 6.72 16.91 4.28 10.87 23.37 (9.50) 1.35 1.32 0.64 0.64 18.89 8.43 2.40 1.82 (6.25) 4.96 (10.50) 2.55 3.32 (1.95) 1.62 2.10 9.97 14.54 18.81 66.87 13.48 1.16 (5.96) (14.90) 25.22 (12.23) 2.08 1.29
 4.97 32.60 8.92 1.60 1.46 1.73 5.48 6.72 (13.09) 16.13 6.86 7.68 2.09 3.93 2.56 (4.43) 1.89 0.54 0.54 20.61 (0.48) 11.52 (2.66) 6.86 0.77 9.57 2.22 2.52 0.40 (2.10) 2.74 (1.18) 3.38 6.48 1.28 1.60 (12.49) 3.90 (1.15) 0.47 0.50 (11.00) (4.98) 6.83 5.97 9.87 (9.28) (5.16) (6.37) (15.29) 2.32 (3.27) 1.49 16.64 (1.00) (14.37) (7.36) 0.48 (0.33) 4.33 (1.00) 0.20 0.51 0.51 (7.30) 2.23 (0.38) 5.71 0.23 (0.25) 0.42 3.11 3.60 - 1.40 (1.33) (2.28) (1.10) National Accounts Statistics - 2009112BSTATISTICAL TABLES AND CHARTS 51 Table V-7.1 GROSS VALLIE ADDED DEFLATORS BY ECONOMIC ACTIVITY 2000-2004 ECONOMIC ACTIVITY 2000 2001 2002 2003 2004 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL 93.15
12BSTATISTICAL TABLES AND CHARTSI National Accounts Statistics- 2009 Table V-7.2 GROSS VALUE ADDED DEFLATORS BY ECONOMIC ACTIVITY 2005-2009 ECONOMIC ACTIVITY 2005 2006 2007 2008 2009 Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intennediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private He~lth & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL 102.92 103.84 85.02 108.32 93.23 96.55 110.63 91.17 94.92 95.74 95.06 98.22 104.20 97.46 89.39 103.09 71.58 95.44 99.62
NationalAccounts Statistics - 2009112BSTATISTICAL TABLES AND CHARlS 53 Table V-8.1 GROSS VALLIE ADDED, OUTPUT, INTERMEDIATE CONSUMPTION IN CURRENT BASIC PRICES' 2000 AND 2001 2000 2001 ECONOMIC ACTIVITY Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation
 Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL G,a" Oulput .
Intermediat.
Consumation - 37.89 Gross Value Added (37.89) Gross OuIDul - Intermediate Consumption - 36.00 Gross Value Added (36.00) 1,368.85 591.82 777.03 1,388.57 590.82 797.76 54 12BSTATISTICAL TABLES AND CHARTSI National Accounts Statistics- 2009 Table V-8.2 GROSS VALUE ADDED, OUTPUT, INTERMEDIATE CONSUMPTION IN CURRENT BASIC PRICES: 2002 AND 2003 2002 2003 ECONOMIC ACTIVITY Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL Gross Output .
In....mediate Consumption - 32.36 Gro5S Value Added (32.36) Gross Oulout - Intermediote Consumption - 28.35 Gross Value Added (28.35) 1,361.93 582.60 779.33 1,448.72 641.57 807.16 National Accounts Statistics - 2009\ 12BSTATISTICAL TABLES AND CHARTS 55 Table V-8.3 GROSS VALLIE ADDED, OUTPUT, INTERMEDIATE CONSUMPTION IN CURRENT BASIC PRICES: 2004 AND 2005 2004 2005 ECONOMIC ACTIVITY Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying ManUfacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business
 Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL Gross Output Intermediate Con$um~iQn Gross Value Added (29.75) Gross Output In+erm'HIia+e Ccmsumption Gross Value Added (27.37) 1,522.09 676.41 845.67 1,557.72 728.82 828.90 56
 12BSTATISTICAL TABLES AND CHARTSI National Accounts Statistics- 2009 Table V-8.4 GROSS VALUE ADDED, OUTPUT, INTERMEDIATE CONSUMPTION IN CURRENT BASIC PRICES: 2006 AND 2007 2006 2007 ECONOMIC ACTIVITY Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport AUXiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL Gron OutDu' - Inlermedia'@ Consuml)tion - 31.10 Gross Value Added (31.10) Gross Output 164.74 119.09 17.38 101.71 29.47 3.59 12.59 21.71 131.20 107.94 87.00 20.94 129.22 182.60 50.05 21.30 28.75 383.24 221.14 18.23 4.71 22.34 116.82
 111.98 59.54 21.30 31.15 154.47 28.08 104.91 4.92 2.43 14.13 119.77 160.55 39.11 121.44 46.58 34.88 11.70 25.28 2.99 - Intermediate Consumption - 31.97 Gross Value Added (31.97) 1,666.23 786.92 879.30 1,792.31 865.63 926.68 National Accounts Statistics - 20091 12BSTATISTICAL TABLES AND CHARTS 57 Table V-8.5 GROSS VALUE ADDED, OUTPUT, INTERMEDIATE CONSUMPTION IN CURRENT BASIC PRICES: 2008 AND 2009 2008 2009 ECONOMIC ACTIVITY Agriculture Crops Bananas Other Crops Livestock Forestry Fishing Mining & Quarrying Manufacturing Electricity & Water Supply Electricity Water Construction Wholesale & Retail Trade Hotels & Restaurants Accommodation Restaurants Transport, Storage & Communication Road Transport Sea Transport Air Transport Auxiliary Transport Activities & Storage Communications Financial Intermediation Banks Auxiliary Financial Intermediation Insurance Real Estate, Renting & Business Activities Real Estate Activities Owner Occupied Dwellings Renting of Machinery & Equipment Computer & Related Services Business Services Public Administration & Defence; Compulsory Social Security Education Public Private Health & Social Work Public Private Other Community, Social & Personal Services Private Households with Employed Persons Less FISIM TOTAL Gross Output 36.59
2.58 16.76 151.38 182.70 41.09 141.61 48.53 36.59 11.94 25.78 3.07 - Intermeeliate ConsumDtion - 35.20 Gross Value Added (35.20) Gross Output - Intermediate Consumption - 36.57 Gross Value Added (36.57) 2,015.25 1,002.57 1,012.68 1,994.76 973.58 1,021.18 58 12BSTATlSTlCAL TABLES AND CHARTSI National Accounts Statistics- 2009 Table V-9.1 EXPENDITURE ON GROSS DOMESTIC PRODUCT IN CURRENT PRICES: 2000·2004 (EC$M) ECONOMIC ACTIVITY 2000 2001 2002 2003 2004 TOTAL CONSUMPTION Government Final Consumption Expenditure Private Final Consumption Expenditure 786.29 857.29 845.00 839.60 915.29 164.37 621.92 160.40 696.89 147.33 697.67 135.14 704.46 139.73 775.56 GROSS CAPITAL FORMATION Transport Equipment Other Machinery and Equipment Construction 205.43 36.63 51.38 117.42 171.78 22.39 31.50 117.89 142.40 25.98 28.32 88.10
 177.61 23.98 50.05 103.58 210.00 26.62 65.90 117.48 GOODS AND NON-FACTOR SERVICES (104.13) (120.17) (88.87) (81.54) (118.70) Total Exports of Goods and Non-Factor Services Exports of Goods Exports of Non-Factor Services Total Imports of Goods and Non-Factor Services Imports of Goods Imports of Non-Factor Services 147.80 242.38 119.83 207.54 117.74 215.21 110.73 208.79 114.91 236.41 352.05 142.26 312.42 135.12 276.35 145.47 283.10 117.96 344.88 125.14 GDP in MARKET PRICES 887.59 908.90 898.53 935.67 1006.59 Less: Other Taxes on Products and Production Add: Subsidies 115.52 4.97 116.01 4.89 117.76 4.90 132.33 3.82 161.35 2.71 GVA in BASIC PRICES 777.04 797.78 785.67 807.16 847.95 National Accounts Statistics - 20091 12BSTATISTICAL TABLES AND CHARTS 59 Table V-9.2 EXPENDITURE ON GROSS DOMESTIC PRODUCT IN CURRENT PRICES: 2005-2009 (EC$M) ECONOMIC ACTIVITY 2005 2006 2007 2008 2009 Preliminary TOTAL CONSUMPTION Government Final Consumption Expenditure 942.11 964.24 1115.45 1256.01 1244.79 151.93 161.10 180.84 171.91 217.82 Private Final Consumption Expenditure 790.18 803.14 934.61 1,084.10 1,026.97 GROSS CAPITAL FORMATION 232.14 247.36 268.64 318.12 303.52 Transport Equipment Other Machinery and Equipment 42.54 63.33 38.90 68.93 27.95 73.42 31.26 74.41 39.70 75.41 Construction 126.27 139.53 167.27 212.45 188.40 GOODS AND NON-FACTOR SERVICES (180.28) (146.95) (238.92) (321.33) (290.11) Total Exports of Goods and Non-Factor Services Exports of Goods Exports of Non-Factor Services Total Imports of Goods and Non-Factor Services Imports of Goods Imports of Non-Factor Services 115.85 233.41 119.50 270.46 105.35 293.83 118.49 335.95 99.41 318 394.02 135.52 396.55 140.36 465.33 172.77 586.92 188.85 535.22 172.3 GOP in MARKET PRICES 993.97 1064.65 1145.17 1252.80 1258.19 Less: Other Taxes on Products and Production Add: Subsidies 171.71 5.00 189.84 4.50 222.97 4.50 244.81 4.70 252.50 4.72 GVA in BASIC PRICES 827.26 879.31 926.70 1012.69 1010.41 60 12BSTATISTICAL TABLES AND CHARTS\
 National Accounts Statistics- 2009 Table V-10.1 NATIONAL ACCOUNTS AGGREGATES IN CURRENT PRICES: 2000·2004 (EC$M) NATIONAL ACCOUNTS AGGREGATES 2000 2001 2002 2003 2004 GVA AT BASIC PRICES Taxes on Production and Imports less Subsidies GOP AT MARKET PRICES Net income from Abroad GROSS NATIONAL INCOME Net Current Transfers from Abroad GROSS NATIONAL DISPOSABLE INCOME Private Final Consumption Govemment Final Consumption Total Consumption GROSS NATIONAL SAVING Gross Capital Formation Gross National SaVing FOREIGN SAVING 777.04 797.78 785.67 807.16 847.95 110.55 887.6 (106.16) 781.43 48.78 830.21 621.92 164.37 786.29 43.92 205.43 43.92 161.51 111.12 908.9 (67.79) 841.11 47.16 888.27 696.89 160.40 857.29 30.98 171.78 30.98 140.80 112.86 898.5 (75.41 ) 823.12 36.82 859.94 697.67 147.33 845.00 14.94 142.40 14.94 127.46 128.51 935.7 (72.94) 862.73 34.46 897.19 704.46 135.14 839.60 57.59 177.61 57.59 120.02 158.64 1,006.6 (90.10) 916.49 45.22 961.71 775.56 139.73 915.29 46.42 210.00 46.42 163.58 Table V-10.2 NA'nONAL ACCOUNTS AGGREGATES IN CURRENT PRICES: 2005-2009 (EC$M) NATIONAL ACCOUNTS AGGREGATES 2005 2006 2007 2008 2009 Preliminary GVA AT BASIC PRICES Taxes on Production and Imports less SUbsidies GOP AT MARKET PRICES Net income from Abroad GROSS NATIONAL INCOME Net Current Transfers from Abroad GROSS NATIONAL DISPOSABLE INCOME Private Final Consumption Government Final Consumption Total Consumption GROSS NATIONAL SAVING Gross Capital Formation Gross National Saving FOREIGN SAVING 827.26 879.31 926.70 1012.69 1010.41 166.71 994.0 (78.24) 915.73 53.10 968.83 790.18 151.93 942.11 26.72 232.14 26.72 205.42 185.34 1,064.7 (40.51 ) 1024.14 52.85 1076.99 803.14 161.10 964.24 112.75 247.36 112.75 134.61 218.47 1,145.2 (52.96) 1092.21 57.113 1149.32 934.61 180.84 1115.45 33.87 268.64 33.87 234.77 240.11 1,252.8 (55.86) 1196.94 51.406 1248.34 1084.10 171.91 1256.01 (7.66) 318.12 (7.66) 325.78 247.78 1,258.2 (48.48) 1209.71 51.569 1261.28 1026.97 21782 1244.79 16.49 303.52 16.49
 287.02 National Accounts Statistics - 2009112BSTATlSTlCAL TABLES AND CHARTS hl Chart 2: Nominal Gross Domestic Product Growth Rate GVA in Basic Prices: Previous Series ~.~GVAin Basic Prices: Rebased series .~ / _~ ._-~~-- ~-~ \ ,,~ -"- _~;;.
::"}~~-:i='~-- '" ....\...

-3.~.
".__ '\:\\ 2db9 2g~1 2003 2004 2005 2006 2007 2008 • Chart 3: Real Gross Domestic Product Growth Rate Real GVA : Previous Series ~.~~Real GVA: Rebased Series • •/ \ •/~.~ .-~-- I • 2001 2003 2004 2005 2006 2007 2()()8"'~ iii • 'eft (1)rn 0::: j 0 c'3 20.00 15.00 10.00 5.00 0.00 -5.00 -10.00 12.0% 10.0% 8.0% 6.0% 4.0% 'eft Q)ro 0::: 2.0% .c ~ e 0.0% CJ -2.0% -4.0% -6.0% -8.0% 62 12BSTATISTICAL TABLES AND CHARTSI National Accounts Statistics- 2009 Chart 4: Rebased Percentage Contribution to GVA in Current Prices: 2000 Other Community,Social & ______p_e_rs_o_na_ls_ervlces.1 ·16 1 ______ -------- Health & Social Work.
4.15 Public Administration, Defence & Social Security, 9.77 ~ ~a' Estate, Renting & Business A-'livities, 10.30 Financial Intermediation, 6.98 Private Households with Employed Persons.

0.24 13.93 Electricity and WaterSupplV.

4.19 Construction, 4.72 Wholesale & Retail Trade.

12.15 Hotels and Restaurants, 2.19 Chart 5: Rebased Percentage Contribution to GVA in Current Prices: 2009 Other Community/Sod aI/Person "I Services.. 1.11 Education, 13.98 Priva te HOllsehol ds with (mPI'''' Poe"",.'"
Agr ;culture, Fores try g. Fishil1~, 14.25 Publi Administration.

Oefence & Sodal Security,ST,.-.-_-.

fvIlnlngand QualTyillg, 1.52 Electricity and Water Supply, 4.8& Fina nci allntennediati on, 7.64 Transport, Storage & Communications, 15.01 Hotels and Restaurdnts, 1.98 Wholesale & RetailT rade.
12.45 National Accounts Statistics - 2009 112BSTA TISTICAL TABLES AND CHAR TS 63 Chart 6: GDP at Market Prices Previous Series Vs Rebased Series 1.-100.00 1.200.00 IY 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - -1 - ~ 1.000.00 f------------------1:r"'":r--,~::-T-----t f - - t:::.

: ~ ~ p c - - - I - - I - - I-- - I - - I - - I - - 800.00 I - - 600.00 -l00.00 200.00 - - - - - - - - - - - - - - - f - - I - - 1'- ~ I - - ,,;; ",,-!

-'- -'-.
... 2009 -+----;---+-----''-----+---+---+----+--- 1.019.82 1.010.94 ... 929.79 852.28 2005 2007 2008 2006 I - - 688.10 I 709.65 893.53 I 935.67 807.99 770.09 1,006.59 I 993.97 1,064.65 1,145.17 1,252.80 1,258.19 """T .... 2001 2000 -Total GDP atMark<tPric<s(ECSMi:Pr<'Jivus5eri~s ;32.15 I 718.60 wTotalGDPatMarketPrices(EC Mi:Rebasi'dS<ri<sl 887.59 I 90890 64 12BSTATISTICAL TABLES AND CHARTSI National Accounts Statistics- 2009 ANNEX A - ISle REV 3.1 Description Agriculture, Hunting and Forestry Agriculture, hunting and related service activities Growing of crops; market gardening; horticulture Farming of animals Growing of crops combined with farming of animals (mixed farming) Agricultural and animal husbandry service activities, except veterinary activities Hunting, trapping and game propagation including related service activities Forestry, logging and related service activities Fishing Fishing, aquaculture and service activities incidental to fishing Mining and Quarrying Mining of coal and lignite; extraction of peat Extraction of crude petroleum and natural gas; service activities incidental to oil and gas extraction excluding surveying Mining of uranium and thorium ores Mining of metal ores Other mining and quarrying Manufacturing Manufacture of food products and beverages Manufacture of tobacco products Manufacture of textiles Manufacture of wearing apparel; dressing and dyeing of fur Tanning and dressing of leather; manufacture of luggage, handbags, saddlery, harness and footwear Manufacture of wood and of products of wood and cork, except fumiture; manufacture of articles of straw and plaiting materials Manufacture of paper and paper prodUcts Publishing, printing and reproduction of recorded media Manufacture of coke, refined petroleum products and nuclear fuel Manufacture of chemicals and chemical products Manufacture of rubber and plastics products Manufacture of other non-metallic mineral products Manufacture of basic metals Manufacture of fabricated metal products, except machinery and eqUipment Manufacture of machinery and equipment n.e.c.
Manufacture of office, accounting and computing machinery Manufacture of electrical machinery and apparatus n.e.c.

Manufacture of radio, television and communication equipment and apparatus Manufacture of medical, precision and optical instruments, watches and clocks Manufacture of motor vehicles, trailers and semi-trailers Manufacture of other transport equipment Manufacture of furniture; manufacturing n.e.C.
Recycling Electricity, Gas and Water Supply Electricity, gas, steam and hot water supply Collection, purification and distribution of water Construction Constnuction Code I A 01 011 012 013 014 015 02 B 05 C D 26 27 28 29 30 31 32 33 34 35 36 37 E 40 41 F 45 National Accounts Statistics - 2009 I13BANNEXA - ISIC REV 3.1 65 Code I G 50 51 52 H 55 551 552 I 60 61 62 63 64 J 65 66 67 K 70 71 72 73 74 L 75 751 752 753 M 80 N 85 851 852 853 o 90 91 92 93 P 95 96 97 Q 99 Description Wholesale & Retail Trade; Repair of Motor Vehicles, Motorcycles & Personal & Household Goods Sale, maintenance and repair of motor vehicles and motorcycles; retail sale of automotive fuel Wholesale trade and commission trade, except of motor vehicles and motorcycles Retail trade, except of motor vehicles and motorcycles; repair of personal and household goods Hotels and Restaurants Hotels and restaurants Hotels; camping sites and other provision of short-stay accommodation Restaurants, bars and canteens Transport, Storage and Communication Land transport; transport via pipelines Water transport Air transport Supporting and auxiliary transport activities; activities of travel agencies Post and telecommunications Financial Intermediation Financial intermediation, except insurance and pension funding Insurance and pension funding, except compulsory social security Activities auxiliary to financial intermediation Real Estate, Renting and Business Activities Real estate activities Renting of machinery and equipment without operator and of personal and household goods Computer and related activities Research and development Other business activities Public Administration and Defence; Compulsory Social Security Public administration and defence; compulsory social security Administration of the State and the economic and social policy of the community ProviSion of services to the community as a whole Compulsory social security activities Education Education Health and Social Work Health and social work Human health activities Veterinary activities Social work activities Other Community, Social and Personal Service Activities Sewage and refuse disposal, sanitation and similar activities Activities of membership organizations n.e.c.
Recreational, cultural and sporting activities Other service activities Activities of Private Households as Employers and Undifferentiated Production Activities of Private Households Activities of private households as employers of domestic staff Undifferentiated goods-producing activities of private households for own use Undifferentiated service-producing activities of private households for own use Extra-territorial Organizations and Bodies Extra-territorial organizations and bodies 66 13BA.N1""EX A - ISle REV 3.1 I National Accounts Statistics- 2009 Telephone: (767) 266-3400/3401 Fax: (767) 449-9128 E-mail: cso@dominica.gov.dm Telephone: (767) 266-3400/3401 Fax: (767) 449-9128 E-mail: cso@dominica.gov.dm