2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 39 Saint Lucia - 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

3.17 3.43 1.20

7.17 3.49 4.05 1.98 0.10

3.34 2.64 0.06 1.55 1.94

2.74 1.73

(23.67) (23.79)

Real GDP at Market Prices

Deflator

(0.02) (0.70)

0.13

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

(2.83) (3.08)

(0.68) (1.78)

0.54

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

2.43 8.15 3.22

(2.88)

1.72

(0.82) (6.14)

(13.64) (13.00)

Fishing

11.96

(1.98)

Manufacturing

1.29

6.61 2.36 1.07 2.33 6.02 2.59

8.55

(7.70) (2.60) (8.23) (5.20)

Mining and Quarrying Electricity and Water

(8.93)

(3.91)

(7.47)

2.53

2.90

1.79

Construction

(0.75)

7.76 (13.25)

(0.29) (5.92)

Wholesale and Retail Trade

16.15

1.23

(10.50) (67.00) (57.23)

Accommodation and Food Services

(3.05) (8.35) (5.59)

11.16

3.94

Transport and Storage

(0.23) (1.49)

11.01 26.79

Communication and Information Services

16.61

(8.58)

Financial Services

18.73

0.22 0.22

(1.13)

1.23 0.39 1.43 3.31 2.11 1.63 3.18

1.50

Real Estate, Renting and Business Activities Professional, Technical & Scientific Services

(0.33)

0.75

(1.28)

2.29 6.01 0.11 0.68 1.65 1.17 2.62

(4.08)

(1.62)

(11.00) (34.01)

Administrative & Support Services

5.13 0.29 1.61 3.02

6.78 1.64 0.86 2.73 9.79 3.59

Public Administration, Defence & Compulsory Social Security

2.84

Education

(3.67)

Health and Social Work

3.94

Arts, Entertainment & Recreation

10.79

(1.72)

(24.23) (11.00)

Other Services Activities

(1.04)

2.29

Domestic Services

(2.1)

0.2

4.8

0.6

(20.9)

(In percent of GDP)

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

28.79

26.47

28.96

28.22

37.46

Central Government Current Account Balance

1.96

1.85

1.73

0.60

(5.10) 21.12 26.23

Current Revenue

20.16 18.20

19.40 17.55

20.70 18.96

20.08 19.47

Current Expenditure

Capital Expenditure and Net Lending

2.85

4.01

4.22

3.51

5.22

Overall Fiscal Balance

(0.46)

(1.05)

(1.84)

(2.24)

(9.63)

(In percent per annum)

Monetary Sector Weighted Deposit Interest Rates Weighted Lending Interest Rates

1.62 8.15

1.48 7.99

1.44 7.95

1.42 7.56

1.43 6.96

(In millions of EC dollars, unless otherwise stated)

Memo Nominal GDP at Market Prices Real GDP at Market Prices Merchandise Imports (f.o.b)

5,036.5 5,251.2 1,555.69

5,397.5 5,434.4 1,556.30

5,577.9 5,577.9 1,565.28

5,730.6 5,674.3 1,421.45

4,374.4 4,324.2 1,238.02

Merchandise Exports

323.07

342.90

167.95

221.56

172.86 858.25

Gross Visitor Expenditure

1,981.57

2,261.02

2,431.47

2,696.15

GDP per capita (EC$)

28,646.01

30,442.83

31,214.26

31,837.64

24,142.25

* Public Sector External Debt is at end of September 2019 Source: Central Statistical Office, Saint Lucia and Eastern Caribbean Central Bank Data as at 10 February 2021

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