Annual Economic and Financial Review -December 2018

2018 Economic and Financial Review

ST ATISTICAL TABLES

Table 35 Saint Lucia - 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

6.39 0.27 4.24

2.88 3.89 0.48

7.22 3.67 4.48 1.98 0.10

3.65 0.60 2.61 1.55 1.94

4.14 0.00 3.11 3.67 3.52

Real GDP at Market Prices

Deflator

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

(2.60) (0.98)

(2.83) (3.08)

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

(11.23)

4.63

0.76 8.16 3.30 2.90 3.92

(5.17) 10.53

11.43

Fishing

2.33 0.00 4.22

(3.19)

(5.00)

Manufacturing

0.71 0.44 1.81

0.65

6.00

Mining and Quarrying Electricity and Water

(12.00)

14.56

(5.80)

(1.00) (15.02) (0.67)

0.82

1.96

Construction

13.91 (9.30) (1.66)

11.35

(17.00) (5.00)

Wholesale and Retail Trade Hotels and Restaurants

16.15

4.76

11.74

(3.90) (4.01) (2.83) (5.59)

10.27

4.32 2.72 3.18 2.00 0.42 0.50 0.02 5.88 2.00 5.00

Transport, Storage and Communications

4.28

5.52 3.19 8.83 4.42 1.55

5.91

Transport and Storage

11.34 (4.37) (12.19)

10.81 (0.90)

Communications

Financial Intermediation

18.08

0.44

Real Estate, Renting and Business Activities

1.93 0.01

2.00 0.11 0.74 1.77 2.89

(2.25)

(0.23)

Public Administration, Defence & Compulsory Social Security

(0.85) (1.33)

1.06 1.59 3.60

Education

(0.26)

Health and Social Work

3.47

1.45

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

(3.67) (8.13) (0.53)

(0.74)

(0.84)

4.17

(2.10)

0.15

FISIM

(1.52)

3.43

(6.54)

(2.00)

(In percent of GDP)

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

34.13

31.00

31.35

33.05

31.84

Central Government Current Account Balance

0.43

1.67

2.17

2.05

1.27

Current Revenue Current Expenditure

21.64 21.22

21.71 20.04

22.28 20.11

21.43 19.38

22.39 21.12

Capital Expenditure and Net Lending

5.16

4.95

3.15

4.42

2.83

Overall Fiscal Balance

(3.30)

(2.10)

(0.51)

(1.16)

(0.92)

(In percent per annum)

Monetary Sector Weighted Deposit Interest Rates Weighted Lending Interest Rates

2.58 8.50

1.94 8.35

1.62 8.15

1.48 7.99

1.44 7.95

(In millions of EC dollars, unless otherwise stated)

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

4,164.50 3,301.06 1,490.52

4,430.50 3,310.05 1,354.82

4,558.26 3,438.83 1,555.69

4,887.38 3,565.09 1,556.30

5,065.71 3,586.40 1,620.24

Merchandise Exports Gross Visitor Expenditure

433.56

486.84

323.07

342.90

357.85

1,975.12

2,074.08

1,981.57

2,261.02

2,547.09

GDP per capita (EC$)

24,124.81

25,425.09 25,925.87 27,565.43

28,348.37

Source: Central Statistical Office, Saint Lucia and Eastern Caribbean Central Bank Data as at 21 February 2019

______________________________________________________________________________ 155 Eastern Caribbean Central Bank