2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 28 Grenada External Sector - Analytical Summary 2016 to 2020

2018 R

2019 P

2020 P

2016

2017

I. Current account

(316.72)

(438.74)

(489.70)

(545.15)

(472.96)

Goods 1

(726.72)

(887.07)

(986.55)

(991.90)

(862.19)

Exports

104.04

111.53

122.88

123.66

76.66

Imports

830.75

998.60

1,109.43

1,115.56

938.85

Services

714.06

785.58

817.00

747.35

554.59

of which Travel

1,123.66

1,240.75

1,345.51

1,357.36

513.11

Primary income

(261.96)

(328.40)

(294.05)

(322.99)

(218.68)

Of which:

Compensation of employees

(81.02)

(90.81)

(91.79)

(94.64)

(93.02)

Investment income

(180.94)

(237.59)

(202.26)

(228.35)

(125.66)

Secondary income

(42.10)

(8.84)

(26.10)

22.39

53.33

Of which: Workers' remittances

71.19

75.03

71.68

112.76

119.32

II. Capital account

134.07

180.58

186.25

167.44

146.29

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

(182.66)

(258.15)

(303.45)

(377.70)

(326.67)

III. Financial Account 3

(63.26)

(218.40)

(270.83)

(285.21)

(230.66)

Direct investment

(251.68)

(410.81)

(442.24)

(529.84)

(394.03)

Portfolio investment 4

189.59

166.57

98.85

85.68

(39.98)

Financial derivatives (other than reserves) and employee stock options

-

-

-

-

-

Other investment 5

(28.32)

49.98

(21.45)

152.29

49.55

of which: Deposit Taking Insititutions

(13.16)

20.78

32.39

83.25

199.00

Imputed Reserve Assets 6

27.15

(24.14)

94.01

6.66

153.80

IV. Net errors and omissions 7

119.39

39.75

32.62

92.49

96.01

Source: Eastern Caribbean Central Bank and Central Statistical Office, Grenada

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 from differences in the current an capital account and financial account balance as mentioned in note 3.

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