2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 48 St Vincent and the Grenadines External Sector - Analytical Summary 2016 to 2020

2016 R

2017 R

2018 R

2019 P

2020 P

I. Current account

(280.09)

(248.24)

(265.93)

(215.92)

(384.39)

Goods 1

(670.63)

(665.60)

(716.84)

(693.36)

(573.65)

Exports

126.27

119.89

124.90

103.17

146.40

Imports

796.90

785.49

841.74

796.53

720.05

Services

303.34

318.16

343.37

382.39

72.85

of which Travel

523.22

502.68

542.58

604.94

199.55

Primary income

(13.95)

(9.85)

(4.16)

(18.40)

6.37

Of which:

Compensation of employees

(7.35)

(6.65)

(6.30)

(6.40)

(5.73)

Investment income

(6.60)

(3.19)

2.14

(12.00)

12.10

Secondary income

101.14

109.05

111.70

113.46

110.04

Of which: Workers' remittances

92.74

94.25

95.62

97.14

92.81

II. Capital account

17.18

206.33

15.45

61.42

50.04

Net lending (+) / net borrowing (-) (balance from current and capital account) 2

(262.92)

(41.91)

(250.48)

(154.50)

(334.35)

(154.50)

(334.35)

III. Financial Account 3

(180.20)

(182.17)

(95.06)

(55.12)

(202.63)

Direct investment

(239.72)

(384.81)

(91.73)

(203.48)

(205.53)

Portfolio investment 4

14.08

28.43

(14.04)

27.14

17.03

Financial derivatives (other than reserves) and employee stock options

-

-

-

-

-

Other investment 5

(8.43)

201.98

44.34

57.08

(50.08)

of which: Deposit Taking Insititutions

68.83

(33.70)

5.51

120.22

36.38

Imputed Reserve Assets 6

53.87

(27.78)

(33.62)

64.14

35.95

IV. Net errors and omissions 7

82.72

(140.26)

155.42

99.38

131.72

Source: Eastern Caribbean Central Bank and Central Statistical Office, St Vincent and the Grenadines

R-Revised, P-Preliminary (Not based on Survey data)

Notes

The balance of payments is a statement that summarizes economic transactions between residents and nonresidents during a specific time period

1 Excludes freight and insurance cost which are reported under services 2. This represents the surplus(net lending) or deficit(net borrowing) that an economy has with the rest of the world.

3. Explains how the net balance on the current and capital account is financed. It represents the increase in the net external position: +ve / decrease in net external position: -ve . Conceptually the current and capital account balance should be equal to the financial account balance.

4. Includes tradable debt securities i.e. T-bills and bonds 5. Includes in particular loans, currency and deposits, trade credits, other accounts receivable and payables 6. Includes Special Drawing Rights (SDR) allocations.

7. These refer to statistical errors and omissions which result fromdifferences in the current an capital account and financial account balance as mentioned in note 3.

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