2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 44 St Vincent and the Grenadines - Selected Economic Indicators

2016ᴿ

2017ᴿ

2018ᴿ

2019ᴿ

2020ᴾ

(Annual Percentage Change Unless Otherwise Indicated)

National Income and Prices Nominal Gross Domestic Product (GDP) at Market Prices

2.52 1.90 0.61 0.95

2.29 1.00 1.28 3.02 2.15

2.41 2.16 0.25 1.37 2.32

1.65 0.49 1.15 0.45 0.91

(1.82) (2.73)

Real GDP at Market prices

Deflator

0.93

Consumer Prices (end of period) Consumer Prices (period average)

(0.99) (0.61)

(0.15)

Real Gross Value Added (GVA) at basic prices Agriculture, Livestock and Forestry

7.89

4.08

0.58

(1.26)

(12.58)

Fishing

(13.26)

12.47

39.43

1.35

19.10

Mining and Quarrying

1.33

1.02 1.59 0.38 6.25

2.30 6.91

(2.05)

(1.20) (9.50)

Manufacturing

(3.17)

(19.96)

Electricity and Water

3.58

(0.16)

2.49

0.72

Construction

(0.84)

2.53 5.66 8.11 1.04 0.99 1.19

(2.05) (3.64)

(1.66) (1.29)

Wholesale and Retail Trade

1.21 0.19

(1.83) (6.89) (3.54) (1.93) (8.70)

Hotels and Restaurants

7.90 6.56 8.19 1.00 2.57 1.16 0.22 1.70 0.25 0.50 3.14

(55.01)

Transport , Storage and Communications

(1.02)

(6.95) (8.57) (1.00)

Transport

0.21

Communication

(4.75)

Financial Intermediation

0.99 1.52

2.41 1.91 0.42 2.32

(1.12)

3.92

Real Estate, Renting and Business Activities

1.07

(2.42)

Public Administration, Defence & Compulsory Social Security

(0.40)

(2.67)

2.88 6.11 6.57

Education

2.49 0.65 2.64

0.92 5.12 7.53 1.81

Health and Social Work

(4.36)

11.39

Other Community, Social and Personal Services Activities of Private Households as Employers

5.86 1.00

(2.00) (2.00) (8.28)

(1.81)

FISIM

2.02

(6.30)

(2.55)

(in percent of GDP)

External Sector Public Sector External Debt (end-of-period)

51.51

57.45

47.73

47.40

47.39

Central Government Current Account Balance

3.56

1.30

1.07

(0.05) 26.96 27.01

(1.50) 27.69 29.18

Current Revenue

28.34 24.78

27.72 26.43

27.23 26.16

Current Expenditure

Capital Expenditure and Net Lending

3.74 1.13

5.73

4.51

5.86

8.60

Overall Fiscal Balance

(2.07)

(1.59)

(2.97)

(5.70)

(in percent per annum)

Monetary Sector Weighted Average Deposit Interest Rate Weighted Average Lending Interest Rate

1.82 8.90

1.82 8.58

1.78 8.41

1.68 8.30

1.62 7.80

(in millions of EC dollars, unless otherwise stated)

Memo Nominal GDP at Market Prices Real GDP at Market Prices Merchandise Imports (f.o.b) Merchandise Exports (f.o.b) Gross Visitor Expenditure

2,090.96 1,760.37

2,138.88 1,777.98

2,190.51 1,816.44

2,226.74 1,825.43

2,186.14 1,775.63

795.38 126.21 270.34

783.96 114.70 256.78

840.26 117.91 281.84

796.53 103.17 317.26

720.05 146.41 117.98

GDP per capita (EC$)

18,949.68

19,368.43

19,820.03

20,131.86

19,749.08

Source: Statistical Office, Central Planning Division, Ministry of Finance and Economic Planning and Eastern Caribbean Central Bank Data as at 10 February 2021

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