Annual Economic and Financial Review -December 2018

2018 Economic and Financial Review

ST ATISTICAL TABLES

Table 1 ECCU - Selected Economic Indicators

2014 R

2015 R

2016 R

2017 R

2018 P

(Annual Percentage Change Unless Otherwise Indicated)

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

5.66 3.61 1.74 1.14 1.18

5.70 2.28 2.93

4.12 3.28 1.14

2.34 1.35 1.23 2.47 1.64

5.65 3.28 2.21 1.56 1.61

Real GDP at Market Prices

Deflator

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

(1.16) (0.74)

(1.22) (1.35)

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

7.11

9.10 2.66 1.03 3.90 6.16 0.99 3.12 3.41 2.69 3.83 3.27 1.96 1.58 2.17

(0.07)

(10.14)

(2.41)

Fishing

(3.46) (0.17)

6.78

1.82

0.75 4.46 8.94 9.19 7.16 2.10 4.91 7.66 0.34 1.25 1.71 1.56 3.33 1.30 0.40

Manufacturing

(0.24) (0.79)

(1.44)

Mining & Quarrying Electricity & Water

6.15

(2.92)

9.66

(0.32)

3.05 8.52 3.52 2.02

(3.44)

(0.75)

Construction

2.06 3.56 8.14 4.54 7.34 0.67 2.35 6.00 2.75 3.22 0.92

12.27

Wholesale and Retail Hotels and Restaurants

(0.51)

(1.28) (0.08)

Transport, Storage and Communications

(0.21)

3.65 7.76

Transport and Storage

0.19

Communications

(0.81)

(2.50)

Financial Intermediation

(1.47)

3.28 1.35 1.69 5.24 4.90 0.69

0.82

Real Estate, Renting and Business Activities

(0.70)

Public Administration, Defence & Compulsory Social Se

1.04 0.95 1.80 0.53

Education

(0.78)

(3.64)

Health and Social Work

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

(2.22) (1.87)

(5.34)

(1.75) (2.14)

(3.56) (0.54)

FISIM

0.89

(0.57)

(In percent of GDP)

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

43.78

40.11

39.12

36.87

35.81

Central Government Current Account Balance

1.34

2.44

3.40

1.89

2.89

24.83 22.94

Current Revenue Current Expenditure

24.25 22.91

24.39 21.96

25.71 22.31

26.16 23.27

Capital Expenditure and Net Lending

5.33

4.85 0.60

4.23 2.12

4.64

4.86 0.06

Overall Fiscal Balance

(0.57)

(0.94)

(in percent per annum)

Monetary Sector Weighted Deposit Interest Rates Weighted Lending Interest Rates

2.58 8.92

1.98 8.74

1.71 8.53

1.63 8.41

1.57 8.11

(in millions of EC dollars, unlesss otherwise stated)

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

16,918.30 14,113.36 6,187.29 1,000.52 5,259.94

17,882.20 14,434.48 5,885.53 1,047.38 5,416.40

18,618.65 14,908.31 6,165.67

19,054.24 15,110.11 6,352.22

20,130.57 15,606.12 7,438.08

Merchandise Exports Gross Visitor Expenditure

827.18

814.33

844.35

5,370.32

5,554.66

5,878.48

GDP per capita (EC$)

27,377.22

28,676.99

29,583.00

30,009.90

31,426.22

Source: ECCU Central Statistics Offices and Eastern Caribbean Central Bank Data as at 7 March 2019

______________________________________________________________________________ 124 Eastern Caribbean Central Bank