Annual Economic and Financial Review -December 2018

2018 Economic and Financial Review

ST ATISTICAL TABLES

Table 39 St Vincent and the Grenadines - Selected Economic Indicators

2018 P

2017 R

2016 R

2015 R

2014 R

(Annual Percentage Change Unless Otherwise Indicated)

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

1.33 1.27 0.05 0.95

1.73 0.71 1.01 3.02 2.15

4.22 3.23 0.97 1.37 2.32

4.26 1.79 2.43

0.65 0.96 0.10 0.20 (0.31)

Real GDP at Market prices

Deflator

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

(2.05) (1.73)

(0.15)

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

2.82 2.31

(4.29)

7.89

3.76

(1.71)

Fishing

8.61

(13.26) (5.78)

12.47

7.35 2.24 5.84 1.01 2.24 3.63 3.82 6.21 7.76 1.00 1.41 0.77 2.81 3.23 0.50 0.50

Mining and Quarrying

62.06

(7.13)

2.20 3.22 0.38 6.43

Manufacturing

6.01

1.87 3.30 8.74

1.94 3.58 1.32 0.19 (0.84) (1.14) 1.31 0.90 2.49 0.65 (0.44) (3.49) (1.81) 0.21 (5.22)

Electricity and Water

(1.13) (11.70)

Construction

Wholesale and Retail Trade Hotels and Restaurants

0.54

(3.17)

(3.50) (18.24)

(3.64) (0.09) (0.25)

3.97

Transport , Storage and Communications

(1.87) (0.58) (5.61)

2.27 3.25

Transport

Communication

0.37 3.13 0.76 5.88

(0.91) (0.10) (0.90) (0.00) 1.68

Financial Intermediation

3.10 0.75 0.99 5.74 2.05 4.38 0.78

(0.97)

Real Estate, Renting and Business Activities

Public Administration, Defence & Compulsory Social Security

Education

(3.42) (3.67)

Health and Social Work

1.87 3.64 1.00

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

3.12

(2.00)

FISIM

3.32

(0.30)

2.02

(5.63)

(3.67)

(in percent of GDP)

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

62.24

49.63

47.60

52.71

53.37

Central Government Current Account Balance

1.34

1.43

3.76

0.90

0.96

Current Revenue Current Expenditure

27.31 25.97

25.39 25.10

28.62 24.85

27.66 26.76

27.08 26.12

Capital Expenditure and Net Lending

5.49

4.22

3.77 2.21

4.21

3.12

Overall Fiscal Balance

(2.06)

(0.21)

(1.67)

(1.04)

(in percent per annum)

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

2.51 9.30

1.92 9.22

1.82 8.90

1.82 8.58

1.78 8.41

(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

1,959.92 1,700.59

2,043.48 1,730.99

2,070.59 1,753.05

2,106.36 1,765.55

2,195.35 1,822.50

858.91 129.73 249.44

792.90 123.58 258.51

795.38 126.21 270.34

783.96 114.70 256.78

840.14 118.88 281.84

GDP per capita (EC$)

17,783.30

18,526.77

18,765.04

19,074.03 19,863.86

Source: Statistical Office, Central Planning Division, Ministry of Finance and Economic Planning and Eastern Caribbean Central Bank Data as at 05 March 2019

______________________________________________________________________________ 159 Eastern Caribbean Central Bank