National Accounts 03-06 - CARICOM Statistics

CARICOM

NATIONAL ACCOUNTSNATIONAL ACCOUNTS

DIGESTDIGEST

2003-2006

CARIBBEAN COMMUNITY (CARICOM) SECRETARIAT

GEORGETOWN GUYANA

NATIONAL ACCOUNTS DIGEST

2003 – 2006

STATISTICS SUB-PROGRAMME CARIBBEAN COMMUNITY (CARICOM) SECRETARIAT

December 2009

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Copyright © 2009, Caribbean Community (CARICOM) Secretariat NATIONAL ACCOUNTS DIGEST 2003-2006 Prepared and Compiled by The Statistics Sub-Programme Information and Communication Technologies Programme Caribbean Community (CARICOM) Secretariat Turkeyen P.O. Box 10827 Georgetown Guyana Telephone: (592) 222-0001 /75 Fax: (592) 222-0098 E-mail: [email protected] Web site: www.caricomstats.org ISBN (CD-Rom)

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PREFACE

This is the eighth edition of the National Accounts Digest prepared by the Regional Statistics Sub-programme of the Caribbean Community (CARICOM) Secretariat. This Digest presents data for the period, 2003-2006 and is an update to the last edition which presented information for the period, 2000-2003 and was produced in 2007. During the interval, the Sub-programme continued to update its website with data received from Member States for the years beyond 2003.

The National Accounts Digest aims at providing statistics on the economic conditions and performance of the CARICOM region over a specific period as reflected in the Gross Domestic Product of its Member States. Most of the data presented were submitted by the National Statistical Offices or were extracted from national and/or sub-regional reports. More specifically the report presents:

- Summary tables for CARICOM and Member States presenting data on GDP at

constant and current prices, including annual percentage changes and distributions, GNI and per capita GDP and GNI;

- Industry profile of GDP in current and constant prices by Member State; - Expenditure components of GDP by Member State; - Selected Economic Aggregates for selected countries.

For the most part, the data in the report are presented in Eastern Caribbean dollars (EC$) and in the national currency of Member States at constant and current prices. However, there are few key selected summary statistics, such as, per capita GDP and the summary of GDP for all Member States, which are also presented in United States dollars (US$). Similar to previous National Accounts Digests, it was not possible to prepare percentage changes at current prices based on the EC dollar due to uncoordinated changes between prices and exchange rates for some Member States. The conversion of GDP at current prices, from national currencies to a common currency through the use of official exchange rates, is a less than satisfactory solution due to the possibility of wide fluctuations between the national currencies and a common currency such as the EC or US dollar. This conversion renders the comparison of current prices among countries or current and constant prices of the same country meaningless.

The use of the nominal (official) exchange rate to convert GDP of one country to the currency of another assumes that the price structures of both countries are identical and that the goods being traded are also similar. Another approach would be to use Purchasing Power Parity (PPP) which seeks to eliminate the discrepancy that can arise in the interpretation of GDP when using nominal exchange rates conversion. However, the data requirements of detailed price and expenditure data are usually quite enormous and are often not available. In the case of constant prices, the GDP for those Member States with base years other than 2000, were arithmetically converted to this base year. While this method does not result in any changes of the growth rates in national currency, it is however, not the ideal approach and is, at best, an approximation. The ideal situation would be to rebase the GDP using deflators/ extrapolators that are available at the national statistical offices. However, in a situation in which there has

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traditionally been a lack of harmonisation in the choice of base years throughout the Region, it is necessary to perform this arithmetic rebasing of the constant price data as was done in this report to achieve some semblance of comparability.

The national accounts data presented in this report use the data available from the national statistical offices as an authoritative source of information. In specific cases, countries will flag preliminary or crude estimates usually for the latest available years. In other instances, the identification of excessively high changes in variables, irregular fluctuations, lack of agreement of identical country totals (GDP by expenditure and industry), valuation problems and other similar irregularities are noted in the course of the evaluation and analysis of the data at the CARICOM level. In some cases, however, there are no ready short-term solutions to ascertain whether the outlying values are anomalies or not. Further analysis and use of the data will undoubtedly highlight more questions that need to be addressed.

The data series in this report does not extend beyond 2006 because of the availability of final estimates after a three year lag. During this time, the survey data of establishments, which are used as the main foundation for compiling the industry estimates, are being collected and processed, i.e. the financial accounts are available in successive years. To offset this lag, it is necessary, perhaps, to establish throughout the Region procedures to compile quarterly GDP estimates to enable the availability of information on the short-term movements in GDP that can guide policy makers.

There is an increasing demand for data that can monitor, analyse and evaluate the economies of the Region, information that is relevant, timely and readily available not only to policy and decision makers, but to anyone wishing to conduct economic analyses or research as well as information that lay persons can understand and relate to. The 1993 System of National Accounts provides the framework within which these data can be collected and compiled in order to observe and analyse the interactions taking place between the different sectors of the economy. The United Nations Statistical Commission at its fortieth session approved the 2008 System of National Accounts. However, for countries of the CARICOM Region there is need to focus on the 1993 SNA implementation and to take the practical steps to move to 2008 SNA. The issue of data comparability, timeliness and reliability will have to be considered if the information is to be relevant and of an acceptable quality. In this vein, the CARICOM Secretariat welcomes any suggestions from users and producers that will guide us in improving the national accounting framework as reflected in this report.

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ACKNOWLEDGEMENTS

The CARICOM Secretariat thanks the National Statistics Offices of Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, St Kitts and Nevis, Saint Lucia, St Vincent and the Grenadines, Suriname and Trinidad and Tobago for supplying the data for the compilation of this report.

Special thanks to the staff of the Regional Statistics Sub-Programme for producing this report.

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ACRONYMS AND ABBREVIATIONS General c.i.f cost, insurance and freight FISIM Financial Intermediation Services Indirectly Measured f.o.b free on board GDP Gross Domestic Product GNI Gross National Income NNDI Net National Disposal Income NNI Net National Income SNA System of National Accounts SUT Supply and Use Table VAT Value Added Tax Groupings/Organisations CARICOM Caribbean Community LDCs Less Developed Countries MDCs More Developed Countries OECS Organisation of Eastern Caribbean States ECCB Eastern Caribbean Central Bank Currency $BH The Bahamas Dollar $BD Barbados Dollar $BZ Belize Dollar $EC Eastern Caribbean Dollar $G Guyana Dollar $JM Jamaica Dollar SF Suriname Guilder $TT Trinidad and Tobago Dollar $US United States Dollar Country Abbreviations AG Antigua and Barbuda BS The Bahamas BB Barbados BZ Belize DM Dominica GD Grenada GY Guyana JM Jamaica MS Montserrat KN St Kitts and Nevis LC Saint Lucia VC St Vincent and the Grenadines SR Suriname TT Trinidad and Tobago

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GENERAL NOTES 1. The term MDC, as stated in Article 4 of the Revised Treaty of Chaguaramas Establishing

the Caribbean Community including the CARICOM Single Market and Economy (Revised Treaty), refers to More Developed Countries namely Barbados, Guyana, Jamaica, Suriname and Trinidad and Tobago. The other Member States were designated as Less Developed Countries (LDC) according to the Revised Treaty.

2. Gross Domestic Product (GDP) at constant prices for Belize and Trinidad and Tobago is

calculated at base year 2000. For the other Member States, GDP at constant prices is at varying base years ranging from 1974 in the case of Barbados, to 1988 for Guyana, to 1990 for the OECS countries and Suriname, to 2003 for Jamaica, to 2006 for the Bahamas. In an effort to arrive at comparable data, except for Belize and Trinidad and Tobago, the real GDP of all the other Member States have been recalculated from their respective base years to a 2000 base year.

3. Comparability of GDP data is also affected by the type of valuation used by Member

States when compiling their estimates. The OECS countries reported GDP by Industry in Basic Prices whereas The Bahamas, Barbados and Guyana prepared the estimates at Factor Cost. Jamaica’s GDP by Industry is in Producer’s Prices while it was not stated which valuation Trinidad and Tobago used.

4. The term ‘billion’ signifies 1000 million.

SYMBOLS

… means Data not available - means Nil

SOURCES OF DATA Department of Statistics, Ministry of Finance and Planning, The Bahamas Barbados Statistical Service Central Bank of Barbados Central Statistical Office - Belize Bureau of Statistics - Guyana The Statistical Institute of Jamaica General Bureau of Statistics - Suriname Central Statistical Office - Trinidad and Tobago Eastern Caribbean Central Bank

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EXCHANGE RATES

Eastern Caribbean Dollars ($EC) per National Currency

COUNTRY NATIONAL CURRENCY 2003 2004 2005 2006

THE BAHAMAS Bahamas Dollar - $B 2.700 2.700 2.700 2.700

BARBADOS Barbados dollar - $Bd 1.350 1.350 1.350 1.350

BELIZE Belize dollar - $BZ 1.350 1.350 1.350 1.350

GUYANA Guyana Dollar - $G 0.015 0.014 0.014 0.013

JAMAICA Jamaica Dollar - $J 0.046 0.044 0.044 0.041

SURINAME Suriname Guilder - Sf 0.001 0.001 0.001 0.001

Suriname Dollar 0.988 0.989 0.985

TRINIDAD & TOBAGO Trinidad & Tobago - $TT 0.431 0.431 0.431 0.430

National Currency per United States Dollar - (US$)

COUNTRY NATIONAL CURRENCY 2003 2004 2005 2006

THE BAHAMAS Bahamas Dollar - $B 1.000 1.000 1.000 1.000

BARBADOS Barbados dollar - $Bd 2.000 2.000 2.000 2.000

BELIZE Belize dollar - $BZ 2.000 2.000 2.000 2.000

GUYANA Guyana Dollar - $G 195.343 199.793 199.875 201.088

JAMAICA Jamaica Dollar - $J 58.240 60.990 61.990 65.866

SURINAME Suriname Guilder - Sf 2628.333 2733.583 2729.875 2742.500

Suriname Dollar 2.734 2.730 2.7425

TRINIDAD & TOBAGO Trinidad & Tobago - $TT 6.263 6.272 6.272 6.281

$EC 2.700 2.700 2.700 2.700

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TABLE OF CONTENTS

Page

PREFACE iii

ACKNOWLEDGEMENTS v

ACRONYMS AND ABBREVIATIONS vi

GENERAL NOTES vii

SYMBOLS vii

SOURCES OF DATA vii

EXCHANGE RATES viii

TABLE OF CONTENTS ix

CONCEPTS AND DEFINITIONS xxiii

SUMMARY TABLES xxix

NATIONAL ACCOUNTS HIGHLIGHTS 1

LIST OF TABLES

SECTION 1: CARICOM SUMMARY TABLES

1.1: Gross Domestic Product in Constant 2000 Prices (EC$ Mn)...................................... 21

1.1A: Gross Domestic Product in Constant 2000 Prices - Percentage Change..................... 21

1.1B: Gross Domestic Product in Constant 2000 Prices - Percentage Distribution.............. 22

1.2: Gross Domestic Product in Constant 2000 Prices (US$ Mn)...................................... 22

1.3: Gross Domestic Product in Current Market Prices (EC$ Mn) .................................... 24

1.4: Gross Domestic Product in Current Market Prices (US$ Mn) .................................... 24

1.5: Mid -Year Population Estimates ................................................................................... 25

1.6: Per Capita Gross Domestic Product in Constant 2000 Prices (EC$) .......................... 26

1.7 Per Capita Gross Domestic Product in Constant 2000 Prices (US$) .......................... 26

1.8: Per Capita Gross Domestic Product in Current Prices (EC$)...................................... 28

1.9: Per Capita Gross Domestic Product in Current Prices (US$)...................................... 28

1.10: Gross National Income in Market Prices (EC$ Mn)..................................................... 29

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1.11: Gross National Income in Current Market Prices (US$ Mn) ....................................... 29

1.12: Per Capita Gross National Income in Market Prices (EC$) ........................................ 30

1.13: Per Capita Gross National Income in Market Prices (US$) ........................................ 30

SECTION 2: GDP IN CURRENT AND CONSTANT PRICES BY COUNTRY AND

INDUSTRY AND GDP BY EXPENDITURE COMPONENTS

ANTIGUA AND BARBUDA

2.1: Gross Value Added by Industry in Constant 2000 Basic Prices (EC$ Mn) ................... 33

2.1A: Gross Value Added by Industry in Constant 2000 Basic Prices - Percentage

Change............................................................................................................................. 33

2.2: Gross Value Added by Industry in Constant 1990 Basic Prices (EC$ Mn) ................. 34


Distribution ..................................................................................................................... 34

2.3 Gross Value Added by Industry in Current Basic Prices (EC$ Mn)............................... 36

2.3A: Gross Value Added by Industry in Current Basic Prices - Percentage Distribution ... 36

2.3B: Gross Value Added by Industry in Current Basic Prices - Percentage Change........... 37

2.4: Expenditure on Gross Domestic Product in Current Prices (EC$ Mn)........................ 38

2.4A Expenditure on Gross Domestic Product in Current Prices - Percentage

Distribution ..................................................................................................................... 39

The BAHAMAS

3.1: Gross Domestic Product by Industry in Constant 2000 Market Prices (EC$ Mn).... 43

3.1A: Gross Domestic Prices by Industry in Constant 2000 Market Prices –

Percentage Change........................................................................................................ 43

3.2: Gross Domestic Prices by Industry in Constant 2006 Market Prices (BH$ Mn) ....... 44

3.2A: Gross Value Added by Industry in Constant 2006 Market Prices - Percentage

Distribution .................................................................................................................... 45

3.3: Gross Domestic Product by Industry in Current Market Prices (BH$ Mn)................ 46

3.3A: Gross Domestic Product by Industry in Current Market Prices - Percentage

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Change ............................................................................................................................ 46

3.4: Gross Domestic Product by Industry in Current Market Prices (EC$ Mn) ................ 48

3.4A: GDP by Industry in Current Market Prices - Percentage Distribution........................ 48

3.5: Expenditure on Gross Domestic Product in Current Prices (EC$ Mn)....................... 49

3.5A: Expenditure on Gross Domestic Product in Current Prices - Percentage

Distribution..................................................................................................................... 49

3.6: Expenditure on Gross Domestic Product in Current Prices (BH$ Mn) ....................... 50

BARBADOS

4.1: Gross Domestic Product by Industry in Constant 2000 Basic Prices (EC$ Mn)........ 53

4.1A: Gross Domestic Product by Industry in Constant 2000 Basic Prices - Percentage

Change ........................................................................................................................... 53

4.2: Gross Domestic Product by Industry in Constant 1974 Basic Prices (BD$ Mn) ....... 54

4.2A: Gross Domestic Product by Industry in Constant 1974 Basic Prices – Percentage

Distribution..................................................................................................................... 55

4.3: Gross Domestic Product by Industry in Current Basic Prices (BD$ Mn)................... 56

4.3A: Gross Domestic Product by Industry in Current Basic Prices - Percentage Change.. 56

4.4: Gross Domestic Product by Industry in Current Basic Prices (EC$ Mn) ................... 58

4.4A: Gross Domestic Product by Industry in Current Basic Prices - Percentage

Distribution .................................................................................................................... 58


4.5A Expenditure on Gross Domestic Product in Current Prices - Percentage

Distribution ..................................................................................................................... 59

4.6: Expenditure on Gross Domestic Product in Current Prices (BD$ Mn) ...................... 60

BELIZE

5.1: Gross Domestic Product by Industry in Constant 2000 Basic Prices (EC$ Mn) ....... 63


Change............................................................................................................................ 63

5.2: Gross Domestic Product by Industry in Constant 2000 Basic Prices (BZ$ Mn) ........ 64

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Distribution .................................................................................................................... 65

5.3: Gross Domestic Product by Industry in Current Basic Prices (BZ$ Mn).................... 66

5.3A: Gross Domestic Product by Industry in Current Basic Prices - Percentage Change .. 66

5.4: Gross Domestic Product by Industry in Current Basic Prices (EC$ Mn).................... 68


Distribution .................................................................................................................... 68

5.5: Expenditure on Gross Domestic Product in Current Prices (EC$ Mn) ....................... 69


Distribution .................................................................................................................... 69

5.6: Expenditure on Gross Domestic Product in Current Prices (BZ$ Mn) ....................... 70

DOMINICA

6.1: Gross Value Added by Industry in Constant 2000 Basic Prices (EC$ Mn)................ 73


Change............................................................................................................................. 73



Distribution ..................................................................................................................... 75

6.3: Gross Value Added by Industry in Current Basic Prices (EC$ Mn) ........................... 76

6.3A: Gross Value Added by Industry in Current Basic Prices - Percentage Distribution... 76

6.3B: Gross Value Added by Industry in Current Basic Prices - Percentage Change .......... 77

6.4: Expenditure on Gross Domestic Product in Current Prices (EC$ Mn) ....................... 78


Distribution ..................................................................................................................... 79

GRENADA 7.1: Gross Value Added by Industry in Constant 2000 Basic Prices (EC$ Mn)............... 83


Change............................................................................................................................ 83



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Distribution .................................................................................................................... 85

7.3: Gross Value Added by Industry in Current Basic Prices (EC$ Mn) ........................... 86

7.3A: Gross Value Added by Industry in Current Basic Prices - Percentage Distribution... 86

7.3B: Gross Value Added by Industry in Current Basic Prices - Percentage Change .......... 87

7.4: Expenditure on Gross Domestic Product in Current Prices (EC$ Mn) ........................ 88

7.4A: Expenditure on Gross Domestic Product in Current Prices – Percentage

Distribution ...................................................................................................................... 89

GUYANA 8.1: Gross Domestic Product by Industry at Factor Cost in Constant

2000 Prices (EC$ Mn).................................................................................................... 93

8.1A: Gross Domestic Product by Industry at Factor Cost in Constant 2000 Prices –

Percentage Change ......................................................................................................... 93

8.2: Gross Domestic Product by Industry at Factor Cost in Constant

1988 Prices (G$ Mn) ...................................................................................................... 94

8.2A: Gross Domestic Product by Industry at Factor Cost in Constant

1988 Prices - Percentage Distribution ........................................................................... 95

8.3: Gross Domestic Product by Industry at Factor Cost in Current Prices (G$ Mn)......... 96

8.3A: Gross Domestic Product by Industry at Factor Cost in Current Prices –

Percentage Change ......................................................................................................... 96

8.4: Gross Domestic Product by Industry at Factor Cost in Current Prices (EC$ Mn) ...... 98

8.4A: Gross Domestic Product by Industry at Factor Cost in Current Prices –

Percentage Distribution .................................................................................................. 98



Distribution ..................................................................................................................... 99

8.6: Expenditure on Gross Domestic Product in Current Prices (G$ Mn) .......................... 100

JAMAICA

9.1: Gross Domestic Product by Industry in Constant 2000 Producers'

Prices (EC$ Mn) ............................................................................................................ 103

9.1A: Gross Domestic Product by Industry in Constant 2000 Producers'

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Prices - Percentage Change............................................................................................ 103

9.2: Gross Domestic Product by Industry in Constant 2003 Producers' Prices (J$ Mn) ... 104

9.2A: Gross Domestic Product by Industry in Constant 2003 Producers' Prices –

Percentage Distribution ................................................................................................. 105

9.3: Gross Domestic Product by Industry in Current Purchasers' Prices (J$ Mn) ............. 106

9.3A: Gross Domestic Product by Industry in Current Purchasers' - Percentage Change.... 106

9.4: Gross Domestic Product by Industry in Current Purchasers' Prices (EC$ Mn).......... 108

9.4A: Gross Domestic Product by Industry Current at Current Purchasers' - Percentage

Distribution .................................................................................................................... 108

9.5: Expenditure on Gross Domestic Product in Current Purchasers' Prices (EC$ Mn) ... 109

9.5A: Expenditure on Gross Domestic Product in Current Purchasers’ Prices –

Percentage Distribution ................................................................................................. 109

9.6: Expenditure on Gross Domestic Product in Current Purchasers’ Prices (J$ Mn) ...... 110

MONTSERRAT

10.1: Gross Value Added by Industry in Constant 2000 Basic Prices (EC$ Mn) ............... 113


Change............................................................................................................................ 113



Distribution .................................................................................................................... 115

10.3 Gross Value Added by Industry in Current Basic Prices (EC$ Mn)........................... 116

10.3A: Gross Value Added by Industry in Current Basic Prices - Percentage Distribution .. 116

10.3B: Gross Value Added by Industry in Current Basic Prices - Percentage Change.......... 117



Distribution .................................................................................................................... 119

ST. KITTS & NEVIS 11.1: Gross Value Added by Industry in Constant 2000 Basic Prices (EC$ Mn) .............. 123


Change .......................................................................................................................... 123

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Distribution .................................................................................................................... 125


11.3A: Gross Value Added by Industry in Current Basic Prices - Percentage Distribution .. 126




Distribution ..................................................................................................................... 129

SAINT LUCIA



Change............................................................................................................................. 133



Distribution .................................................................................................................... 135


12.3A: Gross Value Added by Industry in Current Basic Prices - Percentage

Distribution .................................................................................................................... 136




Distribution .................................................................................................................... 139

ST. VINCENT & THE GRENADINES



Change............................................................................................................................ 143


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Distribution .................................................................................................................... 145

13.3 Gross Value Added by Industry in Current Basic Prices (EC$ Mn) ............................ 146

13.3A: Gross Value Added by Industry in Current Basic Prices - Percentage

Distribution .................................................................................................................... 146




Distribution .................................................................................................................... 149

SURINAME 14.1: Gross Domestic Product by Industry in Constant 2000 Basic Prices (EC$ Mn)........ 153

14.1 A: Gross Domestic Product by Industry in Constant 2000 Basic Prices - Percentage

Change............................................................................................................................ 153

14.2: Gross Domestic Product by Industry in Constant 1990 Basic Prices (SF Mn) ........... 154

14.2A: Gross Domestic Product by Industry in Constant 1990 Basic Prices - Percentage

Distribution ................................................................................................................... 155

14.3: Gross Domestic Product by Industry in Current Basic Prices (SF Mn)....................... 156

14.3A: Gross Domestic Product by Industry in Current Basic Prices (SF Mn) - Percentage

Change............................................................................................................................. 156

14.4: Gross Domestic Product by Industry in Current Basic Prices (EC$ Mn) .................... 158


Distribution ..................................................................................................................... 158



Distribution ...................................................................................................................... 159

14.6: Expenditure on Gross Domestic Product in Current Prices (SF Mn)........................... 160

TRINIDAD AND TOBAGO

15.1: Gross Domestic Product by Industry in Constant 2000 Market Prices (EC$ Mn) ...... 163

15.1A: Gross Domestic Product by Industry in Constant 2000 Market Prices – Percentage

Change.............................................................................................................................. 163

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15.2: Gross Domestic Product by Industry in Constant 2000 Market Prices (TT$ Mn)....... 164

15.2A: Gross Domestic Product by Industry in Constant 2000 Market Prices - Percentage

Distribution...................................................................................................................... 165

15.3: Gross Domestic Product by Industry in Current Market Prices (TT$ Mn) .................. 166

15.3A: Gross Domestic Product by Industry in Current Market Prices - Percentage

Change.............................................................................................................................. 166

15.4: Gross Domestic Product by Industry in Current Market Prices (EC$ Mn).................. 168

15.4A: GDP by Industry in Current Market Prices - Percentage Distribution.......................... 168

15.5: Expenditure on Gross Domestic Product in Current Market Prices (EC$ Mn) ........... 169

15.5A: Expenditure on Gross Domestic Product Current Market Prices - Percentage

Distribution ...................................................................................................................... 169

15.6: Expenditure on Gross Domestic Product Current Market Prices (TT$ Mn)................ 170

SECTION 3: SELECTED ECONOMIC AGGREGATES

Antigua and Barbuda: Gross National Disposable Income, Appropriation and

Capital Finance in Current Prices (EC$ Mn) ............................................................................... 173

Dominica: Gross National Disposable Income, Appropriation and Capital Finance in

Current Prices (EC$ Mn) .............................................................................................................. 174

Grenada: Gross National Disposable Income, Appropriation and Capital Finance in


Montserrat: Gross National Disposable Income, Appropriation and Capital Finance in


St. Kitts and Nevis: Gross National Disposable Income, Appropriation and


Saint Lucia: Gross National Disposable Income, Appropriation and Capital Finance in


St. Vincent & the Grenadines: Gross National Disposable Income, Appropriation and


Guyana: Gross National Disposable Income, Appropriation and Capital Finance in

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Guyana: Gross National Disposable Income, Appropriation and Capital Finance in

Current Prices (G$ Mn)................................................................................................................. 181

Trinidad and Tobago: Gross National Disposable Income, Appropriation and


Trinidad and Tobago: Gross National Disposable Income, Appropriation and

Capital Finance in Current Prices (TT$ Mn) ............................................................................... 183

LIST OF GRAPHS

CARICOM

1.1: GDP at Constant 2000 Prices, 2003 ............................................................................. 23

1.2: GDP at Constant 2000 Prices, 2006 ............................................................................. 23

1.3: Mid – Year Population Estimates, 2003 - 2006 ........................................................... 25

1.4: GDP Per Capita in Constant 2000 Prices, 2003........................................................... 27

1.5: GDP Per Capita in Constant 2000 Prices, 2006........................................................... 27

ANTIGUA AND BARBUDA

2.1: GVA by Industry at Constant 2000 Basic Prices - Percentage Change....................... 34

2.2: GVA by Industry at Constant 1990 Basic Prices – Percentage Distribution, 2003..... 35

2.3: GVA by Industry at Constant 1990 Basic Prices - Percentage Distribution, 2006 ..... 35

2.4: GVA by Industry in Current Basic Prices - Percentage Change .................................. 37

2.5: GVA in Current and Constant 1990 Basic Prices ........................................................ 38

2.6: Expenditure on GDP in Current Prices: 2003 ............................................................... 39


The BAHAMAS

3.1: GDP by Industry at Constant 2000 Basic Prices - Percentage Change ....................... 44

3.2: GDP by Industry at Factor Cost in Constant 2006 Market Prices – Percentage

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Distribution, 2003........................................................................................................... 45

3.3: GDP by Industry at Factor Cost in Constant 2006 Market Prices – Percentage

Distribution, 2006........................................................................................................... 45

3.4 GDP by Industry in Current Market Price - Percentage Change.................................. 47

3.5 GDP in Current and Constant 2006 Market Prices ....................................................... 47

3.6: Expenditure on GDP in Current Prices: 2003 .............................................................. 50


BARBADOS

4.1: GDP by Industry in Constant 2000 Basic Prices - Percentage Change ...................... 54

4.2: GDP by Industry in Constant 1974 Basic Prices - Percentage Distribution, 2003..... 55


4.4: GDP by Industry in Current Basic Prices - Percentage Change.................................. 57

4.5: GDP in Current and Constant 1974 Basic Prices ........................................................ 57



BELIZE

5.1: GDP by Industry in Constant 2000 Basic Prices - Percentage Change ...................... 64



5.4: GDP by Industry in Current Basic Prices - Percentage Change.................................. 67

5.5: GDP in Current and Constant 2000 Basic Prices ........................................................ 67



DOMINICA

6.1: GVA by Industry in Constant 2000 Basic Prices - Percentage Change...................... 74

6.2: GVA by Industry in Constant 1990 Basic Prices - Percentage Distribution, 2003 .... 75


6.4: GVA by Industry in Current Basic Prices - Percentage Change ................................. 77

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GRENADA





7.5: GVA in Current and Constant 1990 Basic Prices ....................................................... 88



GUYANA

8.1: GDP by Industry at Factor Cost in Constant 2000 Prices - Percentage Change......... 94

8.2: GDP by Industry at Factor Cost in Constant 2000 Prices - Percentage

Distribution 2003........................................................................................................... 95

8.3: GDP by Industry at Factor Cost in Constant 2000 Prices - Percentage

Distribution, 2006.......................................................................................................... 95

8.4: GDP by Industry at Factor Cost in Current Prices - Percentage Change .................... 97

8.5: GDP at Factor Cost in Current and Constant 1988 Prices ........................................... 97



JAMAICA

9.1: GDP by Industry at Factor Cost in Constant 2000 Producers' Prices –

Percentage Change ........................................................................................................ 104

9.2: GDP by Industry in Constant 2003 Producers Prices - Percentage

Distribution, 2003.......................................................................................................... 105

9.3: GDP by Industry in Constant 2003 Producers Prices - Percentage

Distribution, 2006.......................................................................................................... 105

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9.4: GDP by Industry in Current Purchasers’ Prices - Percentage Change........................ 107

9.5: GDP by Industry in Current Purchasers’ and Constant 2003 Producers’ Prices ........ 107

9.6: Expenditure on GDP in Current Purchasers' Prices: 2003........................................... 110

9.7: Expenditure on GDP in Current Purchasers' Prices: 2006........................................... 110

MONTSERRAT


10.2: GVA by Industry in Constant 1990 Basic Prices - Percentage Distribution 2003 ..... 115






ST KITTS AND NEVIS








SAINT LUCIA

12.1: GVA by Industry in Constant 2000 Basic Prices - Percentage Change....................... 134

12.2: GVA by Industry in Constant 1990 Basic Prices - Percentage Distribution, 2003 ..... 135



12.5: GVA in Current and Constant 1990 Basic Prices ......................................................... 138



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ST VINCENT AND THE GRENADINES

13.1: GVA by Industry in Constant 2000 Basic Prices - Percentage Change....................... 144




13.5: GVA in Current and Constant 1990 Basic Prices ......................................................... 148



SURINAME

14.1: GDP by Industry in Constant 2000 Basic Prices - Percentage Change........................ 154

14.2: GDP by Industry in Constant 1990 Basic Prices - Percentage Distribution, 2003 ..... 155

14.3: GDP by Industry in Constant 1990 Basic Prices - Percentage Distribution, 2006...... 155

14.4: GDP by Industry in Current Basic Prices - Percentage Change................................... 157

14.5: GDP in Current and Constant 1990 Basic Prices ......................................................... 157

TRINIDAD AND TOBAGO

15.1: GDP by Industry in Constant 2000 Market Prices - Percentage Change..................... 164

15.2: GDP by Industry in Constant 2000 Market Prices - Percentage Distribution, 2003 ... 165

15.3: GDP by Industry in Constant 2000 Market Prices - Percentage Distribution, 2006 ... 165

15.4: GDP by Industry in Current Market Prices - Percentage Change ................................ 167

15.5: GDP in Current and Constant 2000 Market Prices ....................................................... 167

15.6: Expenditure on GDP in Current Market Prices: 2003 .................................................. 170

15.7: Expenditure on GDP in Current Market Prices: 2006 .................................................. 170

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CONCEPTS AND DEFINITIONS 1. GROSS DOMESTIC PRODUCT: A key aggregate of the system of National Accounts is the Gross Domestic Product. The Gross Domestic Product (GDP) of an economy is the total value of all goods and services produced by all institutional units resident in the economy within a given time period, usually one year. It includes the allowance made for the consumption of fixed capital. Gross value added is a measure of GDP in which a principal consideration is that duplications must be avoided which is achieved by deducting from the output of each producing unit the value of the inputs of goods and services received from other units, at home or abroad, i.e. GDP can be derived as the sum of the value added of resident institutional units in an economy. This measure of GDP is also identical with the sum of the final expenditures on consumption, on gross capital formation and adjusted for exports less imports of goods and services. GDP is also equal to the sum of the incomes accruing from production which includes compensation of employees, consumption of operating surplus and fixed capital. 2. GROSS NATIONAL INCOME/PRODUCT ( GNI/GNP): Gross National Income (GNI) is equal to GDP less primary incomes payable to non-resident units plus primary incomes receivable from non-resident units. In the 1993 System of National Accounts (SNA), GNI is synonymous with the GNP of the 1958 SNA, however, conceptually GNI is not a concept of value added, but more one of income. GNI (GNP) is the aggregate value of the gross balances of primary incomes for all industries. The primary income components are taxes (less subsidies) on production and imports, compensation of employees and property income in all cases payable/ receivable to/from the rest of the world. 3. THE GROSS OUTPUT OF INDUSTRIES: Gross output is the value of goods and services produced within an accounting period adjusted for changes in stocks of finished goods and work-in- progress. 0utput consists of goods and services that are produced within an establishment that are disposed of in one of the following ways:

(a) Market output which includes the total value of all goods and services sold on the market,

bartered, used for payments in kind, supplied by one establishment to another belonging to the same market enterprise and the total value of changes in inventories of finished goods and work-in-progress intended for all these uses mentioned herein.

(b) Output for own final use which includes goods and services that are retained for their own final

use by the owners of the establishments within which they are produced, the total value of fixed assets produced by an establishment that are retained within the same enterprise for use in future production and the total value of changes in inventories of finished goods and work in progress intended for one of the uses contained herein.

(c) Other non-market output includes goods and services that are provided free or at prices that are

not economically significant. Common examples are the goods and services produced by government units or by non-profit units serving households (NPISHs) such as education and health services.

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4. INTERMEDIATE CONSUMPTION: Intermediate consumption consists of the value of non-durable goods and services consumed as inputs by a process of production. The value of all goods and services that are used as inputs into ancillary activities such as accounting, marketing etc. are included as intermediate consumption. The consumption of fixed assets is excluded from intermediate consumption as well as purchases of valuables (capital account). In addition goods and services that are produced within the same establishment and fed back as inputs into production within the same establishment are not recorded as intermediate consumption. 5. CONSUMPTION OF FIXED CAPITAL: Consumption of fixed capital is defined as the decline during the accounting period in the current value of the stock of fixed assets owned and used by a producer. This decline in the fixed assets can be due to physical deterioration, normal obsolescence, or accidental damage and excludes the damage caused by acts of war and other such exceptional events. Consumption of fixed assets should be considered a cost of production. The inclusion of this item in value added gives rise to the gross concept of GDP with the inclusion allowing for a net measure of value added and GDP. 6. VALUATION OF GDP Outputs and inputs can be valued in the following ways: Basic prices

The basic price is the amount receivable by the producer from the purchaser of a unit of a good or service produced as output minus any tax payable and plus any subsidy receivable on that unit, as a consequence of its production or sale. It excludes any transport charges invoiced separately by the producer.

Producers’ prices

The producers’ price is the amount receivable by the producer from the purchaser for a unit of a good or service produced as output minus any value added (VAT) or similar deductible tax, invoiced to the purchaser. It excludes any transport charges invoiced separately by the producer.

Purchasers’ price

The purchasers’ price is the amount paid by the purchaser, excluding any deductible VAT or similar deductible tax, in order to take delivery of a unit of a good or service at the time and place required by the purchaser. It includes any transport charges paid separately to take delivery at the required time and place.

The above valuation concepts are in-keeping with the recommendations of the 1993 SNA. Output can be measured either at basic or producers’ prices. Intermediate inputs should be valued at purchasers’ prices. Commonly used valuation concepts in the CARICOM Region are at market prices and factor costs. Valuation of GDP at factor costs excludes all taxes on products and is therefore obtained by deducting taxes (less subsidies) on production from market prices. Essentially, gross value added at factor cost is a measure of income since it represents the amount left over from gross value added for distribution after the payment of all taxes and receipt of all subsidies. This concept of factor cost perhaps approaches that of Basic prices given earlier. GDP at Market Prices is equal to GDP at factor cost plus taxes less subsidies on production and imports. 7. TAXES ON PRODUCTION AND IMPORTS

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Taxes are compulsory unrequited payments in cash or in kind made by institutional units to government units. Taxes on production and imports consist of:

- taxes on products payable on goods and services when they are produced, sold and otherwise disposed of by their producers; - other taxes on production comprising taxes on ownership/use of land, buildings or other assets used in production or on the labour employed or on the compensations paid to employees.

These taxes are recorded as being payable out of the gross value added. The term indirect tax which was formally used is no longer commonly used in the 1993 SNA. Indirect taxes which correspond to the taxes on production and income are compulsory payments to Government which industries treat as part of the cost of production. They include import and export duties, excise, sales, entertainment and turnover taxes, real estate and land taxes, levies on value added and the employment of labour (but not social security contributions), motor vehicles, driving tests, licenses, airport and passport fees when paid by producers. 8. SUBSIDIES Subsidies are current unrequited payments that government units, including non-resident government units, make to enterprises on the basis of the levels of their production activities or values of the goods and services they produce, sell or import. They are receivable by resident producers or importers and may be designed to influence the levels of production, the prices at which outputs are sold or the remuneration of the institutional units engaged in production. Subsidies are not payable to final consumers. Current transfers that government make to households are treated as social benefits. In effect, subsidies are treated as negative taxes on production. 9. FINANCIAL INTERMEDIATION SERVICES INDIRECTLY MEASURED - IMPUTED SERVICE

CHARGES The imputed service charge, referred to as Financial Intermediation Services Indirectly Measured (FISIM) in the 1993 SNA, is an adjustment that is required to GDP to take into consideration the estimation of the output of some financial intermediaries that do not charge explicitly for all services provided. These services include the borrowing and lending of funds from/to different categories of borrowers and lenders while paying/charging different rates of interest. The net receipt of interest defrays the costs of providing these services (that are not individually charged) and also provides operating surplus for the iterneraries. This total value of FISIM is the net property income received by these intermediaries and should in principle be allocated as intermediates among the users of these services. Due to the difficulty in allocating FISIM, in practice, it is normally recorded as intermediate consumption of a nominal industry and deducted from GDP (Imputed Service Charge). 10. SELECTED EQUATIONS IN THE SYSTEM OF NATIONAL ACCOUNTS (1) Gross Domestic Product (GDP) at market prices

= Output plus Taxes, less Subsidies, on products – Intermediate Consumption

(2) Gross Domestic Product (GDP) at Market Prices = Final Consumption Expenditure plus Changes in Inventories plus Gross fixed capital formation plus Acquisition less Disposal of valuables plus Exports of Goods and Services less Imports of Goods and Services

(3) Gross National Income (GNI which is equivalent to GNP) = GDP at Market Prices plus Taxes, less Subsidies, on Production and Imports (net receivable abroad) plus

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compensation of employees ( net, receivable abroad) plus Property Income (net receivable abroad)

(4) Net National Income (NNI or equivalent to NNP) at Market Prices = GNI at Market Prices less consumption of fixed capital

(5) Net National Disposable Income (NNDI) = NNI at Market Prices plus Current Taxes on income, wealth etc. (net receivable from abroad) plus social contributions and benefits and other Current Transfers (net, receivable from abroad)

(6) Net National Disposable Income (NNDI) = Final Consumption Expenditure plus

Adjustment for the change of net equity of households on Pension funds (net receivable from abroad) plus Saving, net.

11. NATIONAL ACCOUNTS AT CONSTANT PRICES: For analytical purposes, the National Accounts at Constant Prices are derived by breaking current values down into a price component and a quantity component. For the purposes of deriving constant price estimates of GDP, a base year is selected which is deemed to be a normal year. Estimates at Constant Prices are usually derived by deflating the current year’s values by price indices or by extrapolating the base year values by appropriate volume indices. Both methods are equivalent to expressing current period quantities at base period prices. 12. COMPILATION PRACTICES The main practices used to compile National Accounts are the Production, Income, Expenditure and the Commodity Flow approaches. The conceptual bases of these approaches are as follows:

The production approach uses establishments as the basic reporting units and groups them into production activities. The sources of data are normally surveys or censuses of establishments, agriculture and similar sources, business accounts of enterprises and administrative records. Total output and intermediates are compiled from which the value added is estimated. Estimates are adjusted for the output of financial intermediation. The production data are also to be reorganised by institutional sectors.

In the expenditure approach elements of expenditure as illustrated in the equations highlighted

earlier are estimated. Imports and exports, usually measured freight on board (f.o.b.), are estimated from the data on foreign trade and balance of payments statistics. Data on government’s final expenditure are obtained from the records of government’s revenue and expenditure. Gross capital formation comprises gross fixed capital formation, changes in inventories and acquisitions less disposals of valuables. The sources of data for gross capital formation are surveys and administrative records.

The income approach derives independent estimates of compensation of employees, operating

surplus, gross fixed income, and taxes less subsidies on production. Sources of data are similar to the expenditure aggregates.

The commodity flow approach incorporates the three approaches described above and uses as a basis the Supply and Use Tables (SUT). The supply table, which shows the value of different products that are produced by each industry as well as imports, and the use table, shows the use of every product in the economy including exports. The basic principle is that the supply of

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every product must be equal to the use of that product at the level of the economy. The method therefore entails the compilation of product or commodity flows. Sources of data are derived from those of the other approaches.

13. GOVERNMENT’S FINAL CONSUMPTION EXPENDITURE This is defined as expenditure including imputed expenditure, incurred by general government on both individual consumption of goods and services as well as on collective consumption (e.g. community services such as security). Government’s expenditure is largely financed out of taxation and other government’s revenues. Government’s final consumption expenditure may be classified according to its purpose or function such as Education, Health, General Administration and so forth. 14. PRIVATE FINAL CONSUMPTION EXPENDITURE This component of GDP is defined as the outlays of households on new durable and non-durable goods and services less their net sales of second-hand goods, scraps and waste. Purchases of dwellings are treated as gross fixed capital formation of the real estate industry. The imputed rent of owner-occupied dwellings is a part of the gross output of the real estate industry and is also included in the final consumption expenditure of households. 15. GROSS CAPITAL FORMATION: Gross capital formation consists of gross fixed capital formation, changes in inventories and acquisitions less disposals of valuables. Gross fixed capital formation in turn, consists of acquisitions of fixed assets less disposals plus certain additions to the values of non-produced assets. Fixed assets are produced assets that can be used repeatedly or continuously over a period of time of one year or more. The acquisitions of new assets also include major improvements and renovations to fixed assets that increase significantly their productive capacity. Non-produced assets consist of assets that are needed for production but have not themselves been produced, e.g. land and mineral deposits. Changes in inventories are the market value at the owning establishment of the physical change during an accounting period in stocks of materials, supplies, work-in-progress except on construction projects, finished products, livestock raised for slaughter, merchandise of strategic materials held by resident industries in stock and emergency stocks of important products held by Government services. In practice, the closest feasible approximation may be the difference between the levels of these stocks at the beginning and the end of the period, both valued at approximate average prices ruling over the period. Valuables are assets that are not used for production or consumption and are therefore held primarily as a store of value. 16. EXPORTS AND IMPORTS OF GOODS AND NON-FACTOR SERVICES Exports and imports of goods and services consist of the transactions in goods and services of the residents of a given country with the rest of the world, and covers merchandise, transportation, travel, insurance and other non-factor services, such as various fees, rentals, royalties, gifts in kind, etc. Military equipment transferred between governments may, however, go unrecorded. Expenditure abroad by residents such as tourists and other persons, seasonal workers, and diplomatic and military personnel stationed abroad are treated as imports. Similarly, expenditures in the domestic territory by non-residents are considered exports.

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The valuation of exports and imports are free on board (f.o.b.) which is the price at the frontier of the exporter after it has been loaded onto the carrier and also after payment of export taxes less receipt of any rebates. In practice, some countries in the region record imports according to the convention of cost, insurance, freight (c.i.f.) which is the valuation at the frontier of the importing country inclusive of the cost of transportation and insurance.

Growth Rate Average Annual Growth Rate

Percentage Change

Constant Current 2005 -2006 2003-2006 2006 / 2003

Antigua and Barbuda Constuction 18.9 20.5 35.0 18.3 65.4Government Services 15.3 15.8 5.4 4.3 13.5Transport 11.5 12.5 13.2 8.2 26.6

The Bahamas Real Estate, Rent and Business 17.6 16.7 3.1 2.0 6.2Wholesale and Retail Trade 12.2 11.6 1.3 4.4 13.7Financial Intermediation 11.5 10.9 1.6 4.1 12.8

Barbados Wholesale and Retail 20.5 17.0 5.3 5.5 17.6Business and General Services 17.5 27.2 5.3 4.7 14.8Tourism 15.1 11.6 1.6 2.8 8.6

Belize Trade, Hotels and Restaurants 21.4 22.0 2.7 3.2 9.9Manufacturing 12.3 12.3 35.3 15.4 53.9Transport and Communication 11.8 12.1 6.0 6.6 21.2

Dominica Government Services 19.0 19.6 1.5 0.1 0.4Agriculture 17.0 17.6 3.4 2.1 6.5Bank and Insurance 14.6 12.0 6.0 6.8 21.8

Grenada Transport 13.4 14.3 -14.0 4.3 13.5Government Services 12.9 16.6 5.5 1.0 3.1Communication 11.9 5.7 6.1 3.5 10.9

Guyana Agriculture, Forestry and Fishing 31.6 30.2 6.6 -1.7 -5.1Government 12.5 17.6 1.9 1.7 5.2Transport and Communication 12.0 11.3 10.0 7.6 24.7

Jamaica Distributive Trade 24.2 21.7 3.8 2.6 8.2Transport, Communication and Storage 12.1 10.2 4.4 2.2 6.8Producers of Gov't Services 11.7 10.6 1.0 0.5 1.4

Montserrat Government Services 35.5 40.7 4.5 1.5 4.5 Real Estate and Housing 15.3 13.8 5.6 3.1 9.5Banks and Insurance 12.8 10.2 -3.3 5.2 16.6

St.Kitts and Nevis Banks and Insurance 15.3 18.6 6.7 11.0 36.6Construction 15.3 14.3 9.0 3.7 11.6Government Services 15.0 17.8 3.5 3.2 9.8

Saint Lucia Government Services 12.7 15.0 2.1 4.8 15.1Banks and Insurance 12.6 10.0 21.8 11.6 38.9Hotel and Restuarants 12.6 13.8 -2.7 3.1 9.5

St. Vincent & the Wholesale and Retail Trade 19.4 19.5 6.6 6.9 22.3the Grenadines Transport 16.4 14.4 17.5 8.7 28.5

Government Services 15.2 18.8 4.6 4.1 12.9

Suriname Financial and Business Services 19.3 16.0 1.8 3.8 11.8Trade, Restaurants and Hotels 19.1 13.4 15.3 9.7 32.1Manufacturing 13.5 23.3 1.8 7.5 24.3

Trinidad & Tobago Mining and Quarrying 24.6 30.1 17.2 11.4 38.2Manufacturing 23.3 21.4 25.2 13.8 47.5Distribution Services 13.4 14.3 14.7 7.6 24.7

Percentage Contribution to GDPMost Significant Industries at

Constant PricesMember States

Summary of the Three Most Significant Industries of CARICOM Member States at Constant Prices: 2006

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COUNTRY Mid-Year Population

GDP Growth

Rate (Constant

2000 Prices) 2005 - 2006)

Average Annual Growth

Rate (2003-2006)

Exports of Goods

and Services as % of

GDP

Imports of Goods


GDP

Net Goods


GDP(Persons) (%) (%) (EC$Mn.) (US$Mn.) (EC$Mn.) (US$Mn.) (EC$) (US$) (EC$) (US$) (%) (%) (%)

Antigua & Barbuda 84,330 12.4 6.8 2,709 1,003 2,096 776 24,858 9,207 30,075 11,139 55.0 81.6 -26.6 74.5 43.7 -30.8

The Bahamas 329,500 4.6 -0.6 18,564 6,876 14,489 5,366 43,973 16,286 55,315 20,487 43.7 66.8 -23.1 39.3 … …

Barbados 273,987 3.9 3.7 8,615 3,191 6,464 2,394 23,594 8,739 ... ... 59.8 66.6 -6.9 26.6 … …

Belize 291,800 4.9 5.9 3,277 1,214 2,665 987 9,134 3,383 … … 63.5 61.8 1.7 19.3 … …

Dominica 71,008 4.0 2.6 856 317 627 232 8,826 3,269 11,423 4,231 45.5 62.7 -17.2 28.9 12.6 -33.2

Grenada 106,634 -2.4 2.5 1,524 564 1,034 383 9,699 3,592 13,563 5,024 28.6 64.1 -35.5 37.8 3.6 -34.2

Guyana 760,218 5.1 1.0 2,458 910 1,735 643 2,282 845 3,078 1,140 … … -34.7 45.2 25.0 -20.2

Jamaica 2,673,800 2.7 1.3 32,309 11,966 23,623 8,749 8,835 3,272 11,464 4,246 39.6 59.4 -19.8 28.3 17.9 -10.4

Montserrat 4,655 -3.8 -0.2 121 45 79 29 16,971 6,286 24,692 9,145 36.7 97.8 -61.1 26.8 9.0 -17.8

St. Kitts & Nevis 49,990 4.0 3.6 1,319 489 892 330 17,849 6,611 24,640 9,126 47.4 65.8 -18.3 37.8 19.4 -18.4

Saint Lucia 166,838 4.4 4.0 2,464 913 1,833 679 10,985 4,069 13,516 5,006 47.2 75.6 -28.4 29.9 -3.3 -33.2

St.Vincent & the Grenadines 101,402 7.6 5.0 1,344 498 952 353 9,390 3,478 12,614 4,672 42.6 65.9 -23.3 35.0 10.9 -24.1

Suriname 504,257 4.7 6.4 5,012 1,856 2,718 1,007 5,391 1,997 9,546 3,535 … … … … … …

Trinidad & Tobago 1,297,944 13.3 10.3 52,492 19,441 36,658 13,577 28,243 10,460 38,495 14,258 75.9 36.5 39.4 12.7 47.6 34.8

SELECTED INDICATORS FOR CARICOM MEMBER STATES: 2006

GDP at Current Mkt. Prices

GDP at Constant 2000 Prices

Per Capita Real GDP (2000

Prices)Per Capita GNI

(%)

Savings - Investment

as % of GDP

Gross National Saving/

GDP

Investment/GDP

(%) (%)

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NATIONAL ACCOUNTS HIGHLIGHTS: 2003-2006

1 CARICOM OVERVIEW GDP in Constant 2000 Prices CARICOM’s real Gross Domestic Product (GDP) increased by 7.3 percent in 2006, the highest annual increase for the period under review. For 2005, real GDP growth rate was 3.6 percent. In Constant 2000 Prices, CARICOM’s total GDP increased from EC$82.8 Bn (US$30.7 Bn) in 2003 to EC$95.9 Bn (US$35.5 Bn) in 2006 at an average annual growth rate of 5.0 percent for the period (Tables 1.1 and 1.1A). The MDCs were the major contributors to CARICOM’s total GDP in Constant 2000 Prices. For 2003, total GDP of the MDCs increased from EC$60.5 Bn (US$22.4 Bn) in 2003 to EC$71.2 Bn (US$26.4 Bn) in 2006 at an average annual growth rate of 5.6 percent for the period. For 2006, the MDCs reflected a growth of 8.2 percent over the 2005 value. As a percentage of CARICOM’s total GDP, the MDCs represented 73.1 percent in 2003 and 74.3 percent in 2006 (Tables 1.1, 1.1A and 1.1B). For the LDCs, total GDP in Constant 2000 Prices increased from EC$8.9 Bn (US$3.3 Bn) in 2003 to EC$10.2 Bn (US$3.8 Bn) in 2006 which represented 10.7 percent of CARICOM’s total GDP in 2003 and 10.6 percent in 2006. With respect to the contribution of individual Member States to the Region’s total GDP at Constant 2000 prices, the top contributors were Trinidad and Tobago and Jamaica. Total GDP for Trinidad and Tobago increased from EC$28.4 Bn (US$10.5 Bn) in 2003 to EC$36.7 Bn (US$13.6 Bn) in 2006. The percentage contribution of this Member State to CARICOM’s total GDP increased from 34.3 percent in 2003 to 38.2 percent in 2006. Jamaica’s total GDP also expanded from EC$22.5 Bn (US$8.3 Bn) in 2003 to EC$23.6 Bn (US$8.7 Bn) in 2006 representing 27.1 percent of total GDP in 2003 and 24.6 percent in 2006. Collectively these two Member States accounted for more than 61 percent of CARICOM’s total GDP throughout the period (Tables 1.1, 1.1B). GDP in Current Prices In Current Market Prices, CARICOM’s total GDP stood at EC$94.9 Bn (US$35.2 Bn) in 2003 and EC$133.1 Bn (US$49.3 Bn) in 2006 (Tables 1.3 and 1.4). Per Capita GDP in Constant 2000 Prices Table 1.6 shows that for the period, CARICOM’s Per Capita GDP in Constant 2000 Prices expanded from EC$12,585.5 (US$4,661.3) in 2003 to EC$14,273.5 (US$5,286.5) in 2006. The Bahamas, Trinidad and Tobago, Antigua and Barbuda and Barbados reflected the highest Per Capita GDP for the period under review. Per Capita GDP for The Bahamas increased from EC$42,432.1 (US$15,715.6) in 2003 to EC$43,972.6

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(US$16,286.1) in 2006. Trinidad and Tobago’s Per Capita GDP increased from EC$22,172.1 (US$8,211.9) in 2003 to EC$28,242.8 (US$10,460.3) in 2006 while Per Capita GDP for Antigua and Barbuda expanded from EC$21,071.4 (US$7,804.2) in 2003 to EC$24,858.3 (US$9,206.8) in 2006. Barbados’ Per Capita GDP moved from EC$21,011.2 (US$7,781.9) in 2003 to EC$23,594.0 (US$8,738.5) in 2006. Per Capita GDP in Current Market Prices CARICOM’s Per Capita GDP in Current Market Prices increased from EC$14,429.7 (US$5,344.3) in 2003 to EC$19,812.2 (US$7,337.8) in 2006. For 2006, the Member States with the highest Per Capita GDP in Current Prices were The Bahamas, Trinidad and Tobago, Antigua and Barbuda and Barbados (Tables 1.8 and 1.9) GNI in Market Prices The Region’s Gross National Income (GNI) in Market Prices expanded from EC$89.7 Bn (US$33.2 Bn) in 2003 to EC$115.7 Bn (US$42.8 Bn) in 2006. For 2006, Trinidad and Tobago reflected the highest GNI, approximately EC$50 Bn (US$18.5 Bn). Jamaica and The Bahamas followed with GNI of EC$30.7 Bn (US$11.4 Bn) and EC$18.2 Mn (US$6.8 Bn) respectively (Tables 1.10 and 1.11). Per Capita GNI in Market Prices Between 2003 and 2006, Table 1.12 shows CARICOM’s Per Capita GNI in Current Market Prices moving from EC$228,905 (US$84,779.6) in 2003 to EC$248,422.1 (US$92,008.2) in 2006. The Bahamas reflected the highest Per Capita GNI, EC$55,315.4 (US$20,487.2) in 2006. Trinidad and Tobago and Antigua and Barbuda followed with Per Capita GNI of EC$38,495.3 (US$14,257.5) and EC$30,074.9 (US$11,138.9) respectively.

2 COUNTRY HIGHLIGHTS– INDUSTRY AND EXPENDITURE COMPONENTS

2.1 The Bahamas GDP in Constant 2000 and 2006 Prices In 2006, Real GDP growth rate for The Bahamas reflected the highest value, 4.6 percent, for the period under review. For 2005, real GDP growth rate stood at 3.3 percent. In Constant 2006 Market Prices, real GDP increased from BH$6.4 Bn in 2003 to BH$6.9 Bn in 2006. In Constant 2000 Market Prices, real GDP was EC$13.4 Bn (US$5.0 Mn) in 2003 and EC$14.5 Bn (US$5.4 Mn) in 2006. Overall, the average annual growth rate of this Member State’s GDP stood at 2.6 percent (Tables 3.1, 3.1A and 3.2). Throughout the period, the significant sector contributors to real GDP were Real Estate, Rent and Business; Wholesale and Retail Trade and Financial Intermediation. For 2006,

2

the percentage contribution of Real Estate, Rent and Business to total GDP was 17.6 percent compared to 17.0 percent in 2005. The contribution of Financial Intermediation to total GDP was 11.5 percent in 2006 and 11.3 percent in 2005. Wholesale and Retail Sale accounted for 12.2 percent of total GDP in 2006 compared to 12.0 percent in 2005 (Table 3.2A). For the major industries in 2006, the growth of Real Estate, Rent and Business expanded by 3.1 percent, Financial Intermediation increased by 1.6 percent and Wholesale and Retail Trade rose by 1.3 percent over the respective 2005 values. For 2006, Construction, showed the highest growth rate, 20.4 percent. Hotels and Restaurants reflected a growth rate of 5.1 percent (Table 3.1A). GDP in Current Prices For 2006, Real Estate, Rent and Business which accounted for 16.7 percent of total Current Prices GDP was the top industry for this Member State. Wholesale and Retail Trade and Financial Intermediation followed with percentage contributions of 11.6 percent and 10.9 percent respectively. Construction represented 10.7 percent of total GDP in Current Prices in 2006 (Tables 3.3 and 3.4A). Expenditure on GDP in Current Prices Table 3.5A shows that Total Consumption expenditure, which comprised of Private Final Consumption and General Government, represented 83.7 percent of total GDP in 2006 compared to 74.6 percent in 2003 of which Private Final Consumption accounted for 70.0 percent in 2006 and 61.4 percent in 2003. Gross Capital Formation represented 29.3 percent and 39.3 percent of total GDP in 2003 and 2006 respectively. The net of Goods and Non-Factor Services was negative throughout the period. This expenditure group represented 3.9 percent of total GDP in 2003 and 23.1 percent in 2006. Exports of Goods and Non-Factor Services accounted for 43.7 percent in 2006 while imports of Goods and Non-Factor Services represented 66.8 percent of total GDP (Tables 3.5 and 3.5A).

2.2 MDCs

2.2.1 Barbados GDP in Constant 1974 and 2000 Prices Table 4.1A shows that for 2005 and 2006, real GDP expanded by 4.1 percent and 3.9 percent respectively. Real GDP at Constant 1974 Prices increased from BD$976.7 Mn in 2003 to BD$1106.4 Mn in 2006. In Constant 2000 Prices, real GDP expanded from

3

EC$5.7 Bn (US$2.1 Bn) in 2003 to EC$6.5 Bn (US$2.4 Bn) in 2006. Overall, the average annual growth rate for the period under review stood at 4.2 percent. Throughout the period, 2003-2006, the most significant industries of this Member State were Wholesale and Retail Trade; Business and General Services; Tourism and Government Services. Wholesale and Retail trade accounted for approximately 20.0 percent of total GDP throughout the period while Business and General Services accounted for 17.2 percent of total GDP annually for the period, 2003-2005 and 17.5 percent in 2006. The percentage contribution of Tourism moved from 15.7 percent in 2003 to 15.1 percent in 2006 while Government Services accounted for approximately 14 percent of total GDP annually throughout the period (Table 4.2A). For 2006, except for Agriculture and Mining and Quarrying, all industries reflected positive growth rates. The growth rates of Agriculture and Mining and Quarrying stood at -5.7 percent and -3.0 percent respectively. Electricity, Gas and Water which expanded by 9.8 percent reflected the highest growth rate in 2006. This was followed by Construction with a growth rate of 6.9 percent. With respect to the growth rate of the top industries, Wholesale and Retail Trade and Business and General Services each increased by 5.3 percent in 2006 while Government Services and Tourism reflected growth rates of 3.0 percent and 1.6 percent respectively in 2006 (Table 4.1A). GDP in Current Prices Throughout the period under review, the dominant industries of Barbados’ Current Prices GDP were Business and General Services; Wholesale and Retail Trade; Government Services; and Tourism. Business and General Services accounted for more than 25 percent of total GDP in Current Prices throughout the period. The percentage contribution of Wholesale and Retail Trade ranged from 17.0 percent to 17.9 percent for the period while the percentage contribution of Government Services decreased from 18.0 percent in 2003 to 16.2 percent in 2006. Tourism represented 11.8 percent of total GDP in 2003 and 11.6 percent in 2006. Collectively these four industries accounted for 72 percent of Barbados’ total GDP in Current Prices in 2006 (Tables 4.3 and 4.4A). Expenditure on GDP in Current Prices On the expenditure side, Total Consumption expenditure represented 85.6 percent of total GDP in 2003 and 80.2 percent in 2006. Private Final Consumption expenditure, the major component represented 62.4 percent of GDP in 2003 and 58.9 percent in 2006. Gross Capital Formation expenditure represented 20.7 percent of total GDP in 2003 and 26.6 percent in 2006. The net of Goods and Non-Factor Services were negative throughout the period. Exports of Goods and Non-factor Services represented 59.8 percent of total GDP in 2006 while imports of Goods and Non-Factor Services represented 66.6 percent (Tables 4.5 and 4.5A).

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2.2.2 Guyana GDP in Constant 1988 and 2000 Prices Guyana’s real GDP growth rate was 5.1 percent in 2006 compared to -2.0 percent in 2005. GDP in Constant 1988 Prices was approximately G$5.5 Bn in 2003 and G$5.8 Bn in 2006. At Constant 2000 Prices, GDP of this Member State was approximately EC$1.7 Bn annually for the period, 2003 - 2006. Overall, the average annual growth rate was 1.5 percent for the period under review (Tables 8.1, 8.1A and 8.2). Agriculture, Forestry and Fishing and Government Services were the two largest contributors to Guyana’s total GDP throughout the period. Agriculture, Forestry and Fishing represented 31.6 percent of total GDP in 2006 compared to 31.1 percent in 2005. For 2003 and 2004, this industry represented 34.8 percent and 35.4 percent respectively of total GDP. The percentage contribution of Government Services to total GDP was 12.5 percent in 2006, decreasing from 12.9 percent in 2005. For 2003 and 2004, Government Services accounted for 12.5 percent and 12.4 percent respectively of total GDP. Other major contributors in 2006 were Transport and Communication which accounted for 12.0 percent compared to 11.5 percent in 2005 and Construction and Engineering which represented 10.4 percent in 2006 and 9.7 percent in 2005 (Table 8.2 A). For 2006, except for Mining and Quarrying, which showed a growth rate of -21.7 percent, all industries reflected positive growth rates. For the major industries, Agriculture, Forestry and Fishing showed a growth rate of 6.6 percent in 2006 compared to a growth rate of -13.7 percent in 2005. Government Services reflected growth rates of approximately 2.0 percent annually in 2005 and 2006. Construction and Engineering reflected a growth rate of 12.1 percent in 2006 while Distribution; and Transport and Communication each reflected growth rate of 10.0 percent (Table 8.1A). GDP in Current Prices Throughout the period, Agriculture, Forestry and Fishing was the top industry for GDP in Current Prices. Between 2003 and 2006, this industry represented more than 30 percent of Guyana’s total GDP for the respective years. Government Services followed with a percentage contribution of over 18 percent for most of the period. For 2006, Transport and Communication and Mining and Quarrying were also major industries accounting for 11.3 percent and 9.7 percent respectively of total GDP in Current Prices. Collectively, these four industries represented 68.9 percent of Current Prices GDP in 2006 (Tables 8.4 and 8.4A). Expenditure on GDP in Current Prices For expenditure on GDP in Current Market Prices, Total Consumption Expenditure accounted for 76.0 percent in 2003 and 89.3 percent in 2006. Private Final Consumption, the main contributor to Total Consumption Expenditure accounted for 65.3 percent of GDP in 2006 compared to 49.7 percent in 2003.

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Gross Capital Formation represented 35.0 percent of total GDP in 2003 and 45.2 percent in 2006. The net Goods and Non-Factor Services was negative throughout the period representing 34.7 percent of GDP in 2006 compared to 11.1 percent in 2003 (Tables 8.5 and 8.5A).

2.2.3 Jamaica GDP in Constant 2000 and 2003 Prices Jamaica’s real GDP grew at a rate of 2.7 percent in 2006 compared to a growth rate of 1.0 percent in 2005. Jamaica’s GDP in Constant 2003 Producers’ Prices moved from J$476.7 Bn in 2003 to J$501.6 Bn in 2006. It’s GDP in Constant 2000 Prices moved from EC$22.5 Bn in 2003 to EC$23.6 Bn in 2006. The average annual growth rate of this Member State for the period, 2003-2006 was 1.7 percent (Tables 9.1, 9.1A and 9.2). Jamaica’s top industry throughout the period under review was Distributive Trade which accounted for approximately 24.0 percent of total GDP. For 2006, other major contributors were Transport, Communication and Storage which represented 12.1 percent of total GDP followed by Producers of Government Services with 11.7 percent and Financial and Insurance Services with 11.0 percent (Table 9.2A). With respect to the 2006 growth rates of the respective industries, all industries except Manufacturing and Construction and Installation reflected positive growth rates. Manufacturing reflected a growth rate of -2.3 percent while Construction and Installation was -1.9 percent. Agriculture, Forestry and Fishing displayed the highest growth rate in 2006, 16.2 percent. Transport, Communication and Storage and Miscellaneous Services followed with growth rates of 4.4 percent and 4.3 percent respectively. The growth rates of the remaining industries in 2006 ranged from 0.7 percent to 3.8 percent (Table 9.1A). GDP in Current Prices Distributive Trade; Producers of Government Services and Transport, Communication and Storage were the top contributors to Jamaica’s GDP in Current Purchasers’ Prices with percentage contributions of 21.7 percent, 10.6 percent and 10.2 percent respectively (Table 9.4A). Expenditure on GDP in Current Prices In Current Purchasers’ Prices, Jamaica’s Final Consumption expenditure represented 88.6 percent in 2003 and 91.5 percent in 2006 of total GDP. Private Final Consumption accounted for 74.9 percent of total GDP in 2003 compared to 77.6 percent in 2006. Gross Capital Formation represented 26.3 percent of GDP in 2003 and 28.3 percent in 2006.

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The net of Goods and Non-Factor Services was negative throughout the period. As a percentage of GDP, this component represented 15.0 percent in 2003 and 19.8 percent in 2006. For 2006, Exports of Goods and Non-Factor Services represented 39.6 percent of total GDP while Imports of Goods and Non-Factor Services represented 59.4 percent of total GDP (Tables 9.5 and 9.5A).

2.2.4 Suriname GDP in Constant 1990 and 2000 Prices For 2006, this Member State exhibited a growth rate of real GDP of 4.7 percent compared to a rate of 6.5 percent in 2005. At Constant 1990 Prices, Suriname’s GDP increased from SF$3.6 Bn in 2003 to SF$4.3 Bn in 2006. In Constant 2000 Prices, this Member State’s GDP were EC$2.3 Bn in 2003 and EC$2.7 Bn in 2006. Overall, the average annual growth rate of real GDP was 6.3 percent for the period under review (Tables 14.1, 14.1A and 14.2). For the period under review, Financial and Business Services and Trade, Restaurant and Hotels were the two most significant contributors to Suriname’s GDP. The percentage contributions of Financial and Business Services were 19.3 percent in 2006 and 19.8 percent in 2005 while for Trade, Restaurants and Hotels, the percentage contributions were 19.1 percent in 2006 and 17.3 percent in 2005. Other significant contributors in 2006 were Transport, Storage and Communication, 13.5 percent, Manufacturing, 13.5 percent and Agriculture, 8.0 percent. Collectively these five industries represented 73.3 percent of Suriname’s GDP in 2006 (Table 14.2A). With respect to the growth rates of the respective industries, Table 14.1A shows that for 2006, except for Transport, Storage and Communication, which reflected a growth rate of -3.5 percent, all industries reflected positive annual growth rates. Trade, Restaurants and Hotels reflected the highest growth rate in 2006, 15.3 percent. Financial and Business Services; Agriculture and Manufacturing reflected growth rates of 1.8 percent, 5.2 percent and 1.8 percent respectively. GDP in Current Prices For 2006, Manufacturing (23.3 percent), Financial and Business Services (16.0 percent) and Trade, Restaurants and Hotels, (13.4 percent) were Suriname’s top contributors to its GDP in Current Prices (Table 14.4 and 14.4A). Expenditure on GDP in Current Prices For the period under review, GDP expenditure data was limited and not available in most cases.

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2.2.5 Trinidad and Tobago GDP in Constant 2000 Prices Real GDP for Trinidad and Tobago grew by 13.3 percent in 2006 compared to 5.4 percent in 2005. Real GDP at Constant 2000 Prices expanded from EC$28.4 Bn in 2003 to EC$36.7 Bn in 2006 at an average annual growth rate of 8.8 percent over the period (Table 15.1 and 15.1A). Mining and Quarrying and Manufacturing were the two top contributors to this Member State’s economy. The percentage contribution of Mining and Quarrying to total GDP stood at 22.9 percent in 2003 and 24.6 percent in 2006. Manufacturing accounted for 20.3 percent in 2003 and 23.3 percent in 2006. Together these two industries represented 43.2 percent of total GDP in 2003 and 47.9 percent in 2006. Distribution Services and Financial, Insurance, Real Estate and Business Services were the other two major industries for the period under review. Distribution Services represented 13.4 percent of total GDP in 2006 compared to 13.3 percent in 2005 while Financial, Insurance, Real Estate and Business Services accounted for 12.5 percent in 2006 and 13.9 percent in 2005 (Table 15.2A). For 2006, all industries displayed positive growth rates, except for Agriculture, Fishing and Forestry; Electricity and Water; Hotels, Guesthouses and Restaurants; and General Government which reflected growth rates of -19.2 percent; -0.4 percent; -2.2 percent and -1.5 percent respectively. Mining and Quarrying exhibited a growth rate of 17.2 percent in 2006 compared to 9.1 percent in 2005. Manufacturing reflected the highest growth rate in 2006, 25.2 percent compared to 9.1 percent in 2005. Distribution Services grew by 14.7 percent in 2006 from 4.9 percent in 2005 while Financial, Insurance, Real Estate and Business Services expanded by 1.6 percent in 2006 as opposed to a rate of -2.4 percent in 2005 (Table 15.1A). GDP in Current Prices In Current Market Prices, Trinidad and Tobago’s top industries were Mining and Quarrying and Manufacturing. For 2006, Mining and Quarrying accounted for 30.1 percent of total GDP compared to 23.1 percent in 2003 while Manufacturing accounted to 21.4 percent in 2006 compared to 18.1 percent in 2003. Other top industries in 2006 were Distribution Services (14.3 percent) and Financial, Insurance, Real Estate and Business Services (11.3 percent) (Tables 15.4 and 15.4A). Expenditure on GDP in Current Prices Regarding expenditure on GDP in Current Market Prices, Trinidad and Tobago’s Total Final Consumption expenditure accounted for 60.7 percent of total GDP in 2003 and 47.9 percent in 2006 of which, Private Final Consumption represented 48.0 percent of total GDP in 2003 and 37.1 percent in 2006.

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The percentage contributions of Gross Capital Formation to total GDP were 25.2 percent in 2003 and 12.7 percent in 2006. The net of Goods and Non-factor Services was positive throughout the period under review. As a percentage of total GDP, this category represented 14.1 percent in 2003 and 39.4 percent in 2006. Exports of Goods and Non-Factor Services in 2006 represented 75.9 percent of GDP compared to imports of this category which reflected 36.5 percent (Tables 15.5 and 15.5A).

2.3 LDCs

2.3.1 Belize GDP in Constant 2000 Prices Belize’s growth rate of real GDP was 4.9 percent in 2006 compared to 3.9 percent in 2005. GDP in Constant 2000 Prices rose from EC$2.3 Bn (US$0.9 Bn) in 2003 to EC$2.7 Bn (US$1.0 Bn) in 2006 at an average annual growth rate of 4.7 percent for the period (Tables 5.1 and 5.1A). Table 5.2A shows that for 2006, Trade, Hotels and Restaurants; Manufacturing; Agriculture; and Transport and Communications were the four major industries contributing to Belize’s GDP at Constant 2000 Prices. Trade, Hotels and Restaurants, which was the top industry throughout the period under review, accounted for 21.4 percent total GDP in 2006 and 21.8 percent in 2005. This was followed by Manufacturing, which accounted for 12.3 percent in 2006 compared to 9.6 percent in 2005. The percentage contribution of Agriculture stood at 12.0 percent in 2006 and 12.5 percent in 2005 while Transport and Communication represented 11.8 percent of GDP in 2006 compared to 11.6 percent in 2005. Except for Fishing, Construction and Public Administration, all industries reflected positive growth rates in 2006. The highest growth rate for 2006, 38.0 percent was reflected by Electricity and Water. For the top industries, in 2006, Trade, Hotels and Restaurants grew by 2.7 percent while Manufacturing reflected a growth rate of 35.3 percent, Agriculture, 0.9 percent and Transport and Communication, 6.0 percent. Fishing; Construction and Public Administration showed growth rates of -15.8 percent, -6.5 percent and -4.6 percent respectively in 2006 (Table 5.1A). GDP in Current Prices For 2006, in Current Prices, the leading industries of this Member State were Trade, Hotels and Restaurants (22.0 percent); Manufacturing (12.3 percent) and Transport and Communication (12.1 percent). Collectively these three industries represented 46.4 percent of Belize’s total GDP (Table 5.4).

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Expenditure on GDP in Current Prices On the expenditure side, Total Consumption Expenditure accounted for 92.1 percent of total GDP in 2003 and 78.8 percent in 2006, of which, Private Final Consumption accounted for 77.4 percent of GDP in 2003 and 65.2 percent in 2006. Gross Capital Formation represented 20.5 percent of GDP in 2003 and 19.3 percent in 2006, of which Gross Fixed Capital Formation, the major contributor to this group represented 19.0 percent of GDP annually in 2003 and 2006. Except for 2006, the net of Goods and Non-Factor Services was negative throughout the period. Exports of Goods and Services represented 63.5 percent of total GDP in 2006 while imports of Goods and Services represented 61.9 percent (Tables 5.5 and 5.5A).

2.3.2 OECS Antigua and Barbuda GDP in Constant 1990 and 2000 Prices Table 2.1A shows that for 2006, real GDP growth rate for Antigua and Barbuda increased to 12.4 percent from a rate of 5.5 percent in 2005. Real GDP in Constant 1990 Prices moved from EC$1.4 Bn (US$0.5 Bn) in 2003 to EC$1.7 Bn (US$0.6 Bn) in 2006. In Constant 2000 Prices, real GDP increased from EC$1.7 Bn (US$0.6 Bn) in 2003 to EC$2.1 Bn (US$0.8 Bn) in 2006 at an average annual growth rate of 7.6 percent for the period. The top industries for this Member State in 2006 were Construction which accounted for 18.9 percent total GDP in Constant 1990 Prices. The industries that followed were Government Services (15.3 percent); Transport (11.5 percent); Bank and Insurance (10.6 percent) and Hotels and Restaurants (10.6 percent). Collectively these five industries represented 66.9 percent of Antigua and Barbuda’s total GDP in Constant 1990 Prices (Table 2.2A). For 2006, all the industries reflected positive annual growth rates (Table 2.1A). Mining and Quarrying showed the highest growth rate, 45.0 percent followed by Construction with 35.0 percent. Transport was next with a growth rate of 13.2 percent while the remaining industries reflected growth rates which ranged from 2.9 percent to 10.9 percent. GDP in Current Prices In Current Prices, Antigua and Barbuda’s top industries in 2006 were Construction (20.5 percent), Government services (15.8 percent) and Transport (12.5 percent) (Table 2.3A).

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Expenditure on GDP in Current Prices On the expenditure side, Table 2.4 shows that for 2003 and 2006, Private Final Consumption accounted for 37.4 percent and 34.2 percent respectively of total GDP in Current Market Prices. For 2003, General Government expenditure accounted for 20.3 percent of total GDP and 17.9 percent in 2006. For 2006, Gross Capital Formation expenditure represented 74.5 percent of total GDP compared to 51.8 percent in 2003. The net of Goods and Non-Factor Services was negative throughout the period. As a percentage of total GDP, this expenditure group represented 9.6 percent in 2003 and 26.6 percent in 2006. Exports of Non-Factor Services represented 55.4 percent of total GDP in 2003 compared to 47.6 percent in 2006. Exports of Goods represented minimal percentage contributions to GDP, ranging from 5.9 percent to 9.5 percent between 2003 and 2006. For 2003, imports of Goods accounted for 46.7 percent of total GDP compared to 55.8 percent in 2006 while for imports of Non-Factor Services represented 24.2 percent of total GDP in 2003 and 25.8 percent in 2006. Dominica GDP in Constant 1990 and 2000 Prices The growth rate of real GDP for Dominica stood at 4.0 percent in 2006 compared to 3.3 percent in 2005. For 2006, Dominica’s GDP in Constant 1990 Prices was EC$460.1 Mn (US$170.4 Mn) compared to EC$415.6 Mn (US$153.9 Mn) in 2003. In Constant 2000 Prices, real GDP stood at EC$626.7 Mn (US$232.1 Mn) in 2006 and EC$566.0 Mn (US$209.6 Mn) in 2003. Overall, real GDP in Constant 2000 Prices expanded at an average annual growth rate of 3.5 percent for the period under review (Tables 6.1, 6.1A and 6.2). Government Services and Agriculture were consistently the two top contributors to GDP at Constant 1990 Prices throughout the period. For 2006, the percentage contribution of Government Services was 19.0 percent compared to 19.4 percent in 2005 while Agriculture accounted for 17.0 percent in 2006 and 17.1 percent in 2005. Other significant contributors were Banks and Insurance which represented 14.6 percent of total GDP in 2006 and 14.3 percent in 2005 and Wholesale and retail trade which accounted for 13.9 percent of total GDP in both 2006 and 2005 (Table 6.2A). For 2006, other than Manufacturing, all industries reflected positive growth rates over 2005. Hotels and Restaurants reflected the highest growth rate, 15.0 percent while Construction; and Mining and Quarrying followed with growth rates of 8.5 percent and 8.4 percent respectively. For the top 2006 industries, Government Services reflected a growth rate of 1.5 percent over 2005 while Agriculture showed a growth rate of 3.4

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percent. Manufacturing, which showed a growth rate of -2.0 percent, was the only industry that declined in 2006 (Table 6.1A). GDP in Current Prices In Current Prices, Government Services, Agriculture and Wholesale and Retail Trade were consistently Dominica’s top three contributors to GDP throughout the period under review. The percentage contributions of these industries to total GDP were 19.6 percent, 17.6 percent and 13.1 percent respectively in 2006 (Tables 6.3 and 6.3A). Expenditure on GDP in Current Prices With respect to expenditure on GDP in Current Market Prices, Total Final Consumption expenditure accounted for 89.9 percent of total GDP in 2003 compared to 88.3 percent in 2006 of which, Private Final Consumption expenditure represented 70.8 percent of total GDP and 69.5 percent respectively. Gross Capital Formation represented 25.0 percent of total GDP in 2003 and 28.9 percent in 2006. The net of Goods and Non-Factor Services was negative throughout the period. Exports of Non–factor services accounted for 29.4 percent in 2003 compared to 31.6 percent in 2006 while exports of Goods represented 15.5 percent of total GDP in 2003 and 14.0 percent in 2006. On the other side, Goods imports as a percentage of total GDP were 42.8 percent in 2003 and 46.3 percent in 2006 while imports of Non Factor Services accounted for 16.4 percent of total GDP in 2006 compared to 17.0 percent in 2003 (Tables 6.4 and 6.4A). Grenada GDP in Constant 1990 and 2000 Prices Real GDP growth rate for Grenada was -2.4 percent in 2006 compared to 11.0 percent in 2005. Real GDP at Constant 1990 Prices stood at EC$0.8 Bn (US$0.3 Bn) in the years, 2003 and 2006. At Constant 2000 Prices, real GDP was EC$1.0 Bn (US$0.4 Bn) in both 2003 and 2006. Between 2003 and 2006, GDP at Constant 2000 Prices grew at an average annual growth rate of 0.7 percent (Tables 7.1, 7.1A and 7.2). For 2006, the industries which contributed the most to Grenada’s GDP at Constant 1990 Prices were Transport which accounted for 13.4 percent of total GDP, Government Services (12.9 percent), Communication (11.9 percent), Other Services (11.8 percent) and Construction (11.4 percent). Together these five industries represented 61.4 percent of this Member State’s GDP at Constant 1990 Prices.

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With respect to the growth rate of the of the respective industries Table 7.1A shows that, for 2006, Hotel and Restaurants recorded the highest growth rate, 50.6 percent followed by Mining and Quarrying, 41.0 percent and Agriculture, 28.1 percent. For the top 2006 industries, Government Services, Communications and Other Services reflected growth rates of 5.5 percent, 6.1 percent and 5.0 percent respectively while Transport and Construction showed rates of -14.0 percent and -30.1 percent respectively. GDP in Current Prices Government Services with a percentage contribution of 16.6 percent in 2006 was the largest contributor to Grenada’s GDP in Current Prices. Transport with percentage contribution of 14.3 percent, Construction, 13.9 percent and Other Services, 12.7 percent were the industries that followed. Collectively these four industries represented 57.5 percent of this Member State’s GDP in Current Prices (Tables 7.4 and 7.4A). Expenditure on GDP in Current Prices For the period, 2003-2006, Total Consumption Expenditure accounted for 87.9 percent of GDP at Current Market Prices in 2003 and 97.7 percent in 2006. Private Final Consumption represented 73.5 percent of GDP in 2003 and 81.5 percent in 2006. Gross Capital Formation represented 37.8 percent of GDP in 2006 compared to 38.6 percent in 2003. The net of Goods and Non-Factor services was negative throughout the period. For the period, exports of Goods as a percentage of GDP ranged from 9.5 percent to 5.6 percent while exports of Non-Factor Services accounted for 27.9 percent of total GDP in 2003 and 23.0 percent in 2006. On the other hand, imports of Goods represented 46.6 percent of total GDP in both 2003 and 2006 while imports of Non-Factor services as a percentage of total GDP ranged between 17.2 percent and 19.6 percent (Tables 7.4 and 7.4A). Montserrat GDP in Constant 1990 and 2000 Prices Following a real GDP growth rate of 4.5 percent in 2004, Montserrat’s GDP declined to -3.8 percent in 2006. Montserrat’s GDP at Constant 1990 Prices moved from EC$58.2 Mn (US$21.6 Mn) in 2003 to EC$58.3 Mn (US$21.6 Mn) in 2006. At Constant 2000 Prices, GDP increased from EC$78.9 Mn (US$29.2 Mn) in 2003 to EC$79.0 Mn (US$29.3 Mn) in 2006 (Tables 10.1, 10.1A and 10.2). Throughout the period, 2003-2006, Government Services, Real Estate and Housing, Banks and Insurance and Construction were the most dominant industries for Montserrat’s GDP at Constant 1990 Prices. The percentage contribution of Government

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Services to GDP moved from 32.7 percent in 2005 to 35.5 percent in 2006 while for Real Estate and Housing the percentage contribution moved from 14.0 percent in 2005 to 15.3 percent in 2006. Banks and Insurance accounted for 12.7 percent of GDP in 2005 compared to 12.8 percent in 2006 while the percentage contribution of Construction moved 15.1 percent in 2005 to 10.4 percent in 2006 (Table 10.2A). For 2006, except for Manufacturing, Construction, Wholesale and Retail Trade, Hotel and Restaurants, Banks and Insurance and Other Services, all industries reflected positive growth rates over 2005. Mining and Quarrying reflected the highest growth rate, 276.5 percent followed by Agriculture with a growth rate of 15.5 percent. Government Services showed a growth rate of 4.5 percent while Banks and Insurance reflected -3.3 percent. The growth rate for Construction was -33.8 percent (Table 10.1A). GDP in Current Prices The most significant industries to Montserrat’s GDP in Current Prices for 2006 were Government Services (40.7 percent), Real Estate and Housing (13.8 percent), Banks and Insurance (10.2 percent) and Construction (8.8 percent). Collectively these top four industries accounted for 73.5 percent on Montserrat’s GDP in Current Prices (Table 10.3 and 10.3A). Expenditure on GDP in Current Prices Tables 10.4 and 10.4A show that Montserrat’s Total Consumption Expenditure represented 122.8 percent of total GDP in 2003 and 134.3 percent in 2006. Of this expenditure group, Private Final Consumption Expenditures were 69.6 percent of total GDP in 2003 and 75.7 percent in 2006. Gross Capital Formation represented 54.4 percent of GDP in 2003 compared to 26.8 percent in 2006. Between 2003 and 2006, the net of Goods and Non-Factor Services was negative. Exports of Non-Factor Services represented 31.6 percent of total GDP in 2003 and 32.9 percent in 2006 while exports of Goods represented minimal percentage contribution to total GDP, 6.1 percent in 2003 and 3.8 percent in 2006. On the other hand, imports of Goods represented 66 percent of total GDP in 2003 and 59.2 percent in 2006 while imports of Non Factor Services represented 48.9 percent of total GDP in 2003 and 38.6 percent in 2006.

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St. Kitts and Nevis GDP in Constant 1990 and 2000 Prices St. Kitts and Nevis’ growth rate of real GDP stood at 4.0 percent in 2006 compared to 4.4 percent in 2005. Its’ GDP at Constant 1990 Prices expanded from EC$555.5 Mn (US$205.7 Mn) in 2003 to EC$647.1 Mn (US$239.7 Mn) in 2006. At Constant 2000 Prices, real GDP rose from EC$766.0 (US$283.7 Mn) in 2003 to EC$892.3 Mn (US$330.5 Mn) in 2006. Overall, the average annual growth rate of GDP in Constant Prices stood at 5.2 percent (Tables 11.1, 11.1A and 11.2). Throughout the period under review, the top contributors to St. Kitts and Nevis’ total GDP at Constant 1990 Prices were Banks and Insurance, Construction and Government Services. For 2006, Banks and Insurance represented 15.3 percent of total GDP compared to 14.9 percent in 2005. Construction accounted for 15.3 percent of total GDP in 2006 compared to 14.6 percent in 2005. The percentage contribution of Government Services stood at 15.0 percent in 2006 and 15.1 percent in 2005 (Table 11.2A). For 2006, all industries showed positive real GDP growth rates except for Agriculture and Manufacturing, which reflected real GDP growth rates of -21.2 percent and -4.2 percent respectively. Communication displayed the highest growth rate in 2006, 11.8 percent followed by Construction with 9.0 percent and Wholesale and Retail Trade with 8.6 percent (Table 11.1A). GDP in Current Prices For 2006, Banks and Insurance (18.6 percent), Government Services (17.8 percent) and Construction (14.3 percent) were St. Kitts and Nevis’ top industries for GDP in current prices (Table 11.3A). Expenditure on GDP in Current Prices For the period under review, Total Consumption expenditure represented 79.5 percent and 80.5 percent of the respective total GDP in Current Market Prices in 2003 and 2006. Private Consumption expenditure was 62.4 percent of total GDP in 2006 compared to 60.8 percent of GDP in 2003. Gross Fixed Capital Formation represented 37.8 percent of total GDP in 2006 compared to 45.6 percent in 2003. Also for the period, expenditure on Construction represented 26.5 percent of total GDP in 2006 compared to 29.7 percent in 2003. The net of Goods and Non-factor services was negative throughout the period. Exports of Non-Factor Services represented 29.8 percent of total GDP in 2003 and 35.5 percent in 2006 while exports of Goods represented 15.7 percent in 2003 and 11.9 percent in 2006. On the other side, imports of Goods represented 48.5 percent of total GDP in 2003 and

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44.9 percent in 2006 while imports of Non-Factor Services represented 22.1 percent of total GDP in 2003 and 20.8 percent in 2006 (Tables 11.4 and 11.4A). Saint Lucia GDP in Constant 1990 and 2000 Prices Real GDP growth rate for this Member State stood at 4.4 percent in 2006 compared to 3.8 percent in 2005. Saint Lucia’s GDP at Constant 1990 Prices expanded throughout the period moving from EC$1.2 Bn (US$0.5 Bn) in 2003 to EC$1.4 Bn (US$0.5 Bn) in 2006. At Constant 2000 Prices, GDP of this Member State rose from EC$1.6 Bn (US$0.6 Bn) in 2003 to EC$1.8 Bn (approximately US$0.7 Bn) in 2006. For the period under review, the average annual growth rate was 4.5 percent (Tables 12.1, 12.1A and 12.2) For 2006, the top contributors to Saint Lucia’s total GDP at Constant 1990 Prices were Government Services (12.7 percent), Banks and Insurance (12.6 percent), Hotels and Restaurants (12.6 percent), Real Estate and Housing (12.3 percent) and Wholesale and Retails trade (12.1 percent). Collectively these five industries accounted for 62.2 percent of total GDP (Table 12.2A). With regards to growth rates of the industries, except for Hotels and Restaurants, Manufacturing and Electricity and Water, which declined in 2006, all industries reflected positive growth rates for 2006. Banks and Insurance showed the highest growth rate, 21.8 percent in 2006 compared to a rate of 8.7 percent in 2005. Mining and Quarrying followed with a growth rate of 19.8 percent in 2006 compared to a rate of -3.5 percent in 2005. The growth rates for Hotels and Restaurants, Manufacturing and Electricity and Water for 2006 were -2.7 percent, -4.4 percent and -8.6 percent respectively (Table 12.1A). GDP in Current Prices Throughout the period, 2003-2006 Government Services, Hotels and Restaurants and Wholesale and Retail Trade were consistently the Saint Lucia’s top three contributors to GDP in Current Prices. Government Services represented 15 percent of total GDP in 2006 compared to 14.8 percent in 2005 while Hotels and Restaurants accounted for 13.8 percent in 2006 as opposed to 14.7 percent in 2005. The percentage contribution of Wholesale and Retail Trade was 12.3 percent in 2006 and 12.6 percent in 2005 (Tables 12.3 and 12.3A). Expenditure on GDP in Current Prices On the expenditure side, Total Consumption expenditure represented 94.4 percent of total GDP at Current Market Prices in 2003 compared to 98.5 percent in 2006. Private Final consumption expenditure, the larger component of this expenditure group represented 73.7 percent of total GDP in 2003 and 81.7 percent in 2006.

16

Expenditure on Gross Capital Formation represented 20.4 percent and 29.9 percent of total GDP in 2003 and 2006 respectively. Construction, the most significant category in this group represented 13.5 percent of total GDP in 2003 and 18.1 percent in 2006. The net of Goods and Non-Factor Services was negative throughout the period. For 2006, exports of Non-Factor Services were 36.6 percent of total GDP while exports of Goods represented 10.6 percent of total GDP. Imports of Non-factor Services accounted for 57.1 percent of total GDP compared to imports of non-factor services which represented 18.5 percent of total GDP. (Tables 12.4 and 12.4A). St. Vincent and the Grenadines GDP in Constant 1990 and 2000 Prices For the period under review, St. Vincent and the Grenadines reflected the highest real GDP growth rate in 2006, 7.6 percent. The growth rate for 2005 was 2.6 percent. Real GDP at Constant 1990 Prices rose from EC$649.5 Mn (US$240.6 Mn) in 2003 to EC$766 Mn (US$283.7 Mn) in 2006. At Constant 2000 Prices, GDP moved from EC$807.4 Mn (US$299 Mn) in 2003 to EC$952.1 Mn (US$352.6 Mn) in 2006. Overall the average annual growth rate of real GDP between 2003 and 2006 was 5.6 percent ((Tables 13.1, 13.1A and 13.2). Accounting for 19.4 percent of total GDP in 2006, Wholesale and Retail Trade was the top contributor to St. Vincent and the Grenadines’ total GDP at Constant 1990 Prices. This industry was consistently the leading industry throughout the period. Transport with a percentage contribution of 16.4 percent and Government Services with 15.2 percent were the next top contributors to follow in 2006 (Table 13.2A). With respect to the growth rates, except for Hotels and Restaurants, all industries reflected positive growth rates in 2006. The industries with the highest growth rates in 2006 were Transport (17.5 percent), Construction (11.9 percent) and Communications (10.3 percent). Wholesale and Retail Trade showed a growth rate of 6.6 percent in 2006 while Government Services displayed a growth rate of 4.6 percent. GDP in Current Prices For GDP in Current Prices, the dominant industries for the period under review were Wholesale and Retail Trade, Government Services and Transport which represented 19.5 percent of total GDP, 18.8 percent and 14.4 percent respectively. Collectively these three industries represented 52.7 percent of total GDP in Current Prices (Tables 13.3 and 13.3A).

17

Expenditure on GDP in Current Prices Tables 13.4 and 13.4A show that Total Consumption expenditure represented 84.6 percent and 88.3 percent of total GDP in Current Market Prices in 2003 and 2006. The major component of this category, Private Final Consumption expenditure represented 65.1 percent of total GDP in 2003 and 69.8 percent in 2006. The ratio of Gross Capital Formation to total GDP moved from 33.3 percent in 2003 to 35.0 percent in 2006. Construction, the most significant category within this group represented 20.0 percent of GDP in 2003 and 23.3 percent in 2006. Between 2003 and 2006, this Member State’s imports of Goods and Non-Factor Services exceeded its exports of these categories resulting in a negative net position throughout the period. For 2006, Imports of Goods represented 48.1 percent of total GDP while imports of Non-factor Services accounted for 17.8 percent of total GDP. On the other hand, exports of Goods for 2006 were 8.3 percent of total GDP compared to exports of Non-factor Services which represented 34.3 percent of total GDP (Tables 13.4 and 13.4A).

18

CARICOM

EC$MnCOUNTRIES 2003 2004 2005 2006

CARIBBEAN COMMUNITY 82,790.5 86,178.6 89,322.1 95,866.2

THE BAHAMAS 13,421.2 13,399.8 13,847.2 14,489.0

CSME 69,369.4 72,778.8 75,474.9 81,377.3

MDCs 60,516.3 63,569.8 65,825.9 71,198.4

BARBADOS 5,706.6 5,980.7 6,224.3 6,464.4

GUYANA 1,656.9 1,683.1 1,650.3 1,734.9

JAMAICA 22,452.8 22,765.5 22,999.9 23,623.3

SURINAME 2,265.4 2,437.9 2,596.5 2,718.2

TRINIDAD AND TOBAGO 28,434.5 30,702.5 32,354.8 36,657.6

LDCs 8,853.1 9,209.0 9,649.0 10,178.8

BELIZE 2,324.3 2,445.3 2,541.2 2,665.4

OECS 6,528.8 6,763.8 7,107.8 7,513.4

ANTIGUA AND BARBUDA 1,681.1 1,768.9 1,865.7 2,096.3

DOMINICA 566.0 583.3 602.7 626.7

GRENADA 1,011.8 954.1 1,059.3 1,034.3

MONTSERRAT 78.9 82.4 82.1 79.0

ST. KITTS AND NEVIS 766.0 822.1 858.0 892.3

SAINT LUCIA 1,617.5 1,690.8 1,755.4 1,832.7

ST. VINCENT AND THE GRENADINES 807.4 862.3 884.6 952.1

COUNTRIES 2003 2004 2005 2006

CARIBBEAN COMMUNITY 4.4 4.1 3.6 7.3

THE BAHAMAS -10.1 -0.2 3.3 4.6

CSME 7.7 4.9 3.7 7.8

MDCs 8.2 5.0 3.5 8.2

BARBADOS 2.0 4.8 4.1 3.9

GUYANA -0.7 1.6 -2.0 5.1

JAMAICA 3.5 1.4 1.0 2.7

SURINAME 6.9 7.6 6.5 4.7

TRINIDAD AND TOBAGO 14.4 8.0 5.4 13.3

LDCs 4.7 4.0 4.8 5.5

BELIZE 9.4 5.2 3.9 4.9

OECS 3.1 3.6 5.1 5.7

ANTIGUA AND BARBUDA 4.3 5.2 5.5 12.4

DOMINICA 0.1 3.0 3.3 4.0

GRENADA 7.1 -5.7 11.0 -2.4

MONTSERRAT -0.9 4.5 -0.3 -3.8

ST. KITTS AND NEVIS -1.2 7.3 4.4 4.0

SAINT LUCIA 3.1 4.5 3.8 4.4


Table 1.1: Gross Domestic Product In Constant 2000 Prices

Table 1.1A: Gross Domestic Product In Constant 2000 Prices - Percentage Change

21

CARICOM

COUNTRIES 2003 2004 2005 2006

CARIBBEAN COMMUNITY 100.0 100.0 100.0 100.0

THE BAHAMAS 16.2 15.5 15.5 15.1

CSME 83.8 84.5 84.5 84.9

MDCs 73.1 73.8 73.7 74.3

BARBADOS 6.9 6.9 7.0 6.7

GUYANA 2.0 2.0 1.8 1.8

JAMAICA 27.1 26.4 25.7 24.6

SURINAME 2.7 2.8 2.9 2.8

TRINIDAD AND TOBAGO 34.3 35.6 36.2 38.2

LDCs 10.7 10.7 10.8 10.6

BELIZE 2.8 2.8 2.8 2.8

OECS 7.9 7.8 8.0 7.8


DOMINICA 0.7 0.7 0.7 0.7

GRENADA 1.2 1.1 1.2 1.1

MONTSERRAT 0.1 0.1 0.1 0.1


SAINT LUCIA 2.0 2.0 2.0 1.9


US$MnCOUNTRIES 2003 2004 2005 2006


THE BAHAMAS 4,970.8 4,962.9 5,128.6 5,366.3

CSME 25,692.4 26,955.1 27,953.7 30,139.7

MDCs 22,413.4 23,544.4 24,380.0 26,369.8

BARBADOS 2,113.6 2,215.1 2,305.3 2,394.2

GUYANA 613.7 623.4 611.2 642.5

JAMAICA 8,315.9 8,431.7 8,518.5 8,749.4

SURINAME 839.0 902.9 961.7 1,006.8


LDCs 3,278.9 3,410.8 3,573.7 3,769.9

BELIZE 860.9 905.7 941.2 987.2

OECS 2,418.1 2,505.1 2,632.5 2,782.7


DOMINICA 209.6 216.0 223.2 232.1

GRENADA 374.8 353.4 392.3 383.1

MONTSERRAT 29.2 30.5 30.4 29.3


SAINT LUCIA 599.1 626.2 650.1 678.8


Table 1.2: Gross Domestic Product In Constant 2000 Prices

Table 1.1B: Gross Domestic Product In Constant 2000 Prices - Percentage Distribution

22

CARICOM

Fig 1.1: GDP at Constant 2000 Prices: 2003

Other OECS2.7%

Saint Lucia2.0%

Grenada1.2%

The Bahamas16.2%

Trinidad and Tobago 34.3%

Suriname2.7%

Jamaica 27.1%

Guyana2.0%

Other7.9%

Belize2.8%

Barbados 6.9%

Antigua and Barbuda2.0%

Fig 1.2: GDP at Constant 2000 Prices: 2006

Antigua and Barbuda2.2%

Barbados 6.7%

Belize2.8%

Other8.0%

Guyana1.8%

Jamaica 24.6%

Suriname2.8%

Trinidad and Tobago 38.2%

The Bahamas15.1%

Grenada1.2%

Saint Lucia2.0%

Other OECS2.7%

23

CARICOM

EC$MnCOUNTRIES 2003 2004 2005 2006


The BAHAMAS 16,042.5 16,286.4 17,575.5 18,564.2

CSME 78,879.7 88,201.9 100,651.2 114,501.5

MDC'S 68,052.5 76,637.0 88,194.7 100,886.2

BARBADOS 7,276.1 7,606.2 8,264.9 8,615.3 GUYANA 1,991.2 2,113.0 2,229.3 2,458.3 JAMAICA 25,159.7 27,457.4 30,250.9 32,309.1 SURINAME 2,945.8 3,446.2 4,231.6 5,012.0 TRINIDAD AND TOBAGO 30,679.7 36,014.2 43,218.1 52,491.6

LDC's 10,827.2 11,564.9 12,456.5 13,615.3 BELIZE 2,666.5 2,848.9 3,010.0 3,276.6

OECS 8,160.7 8,716.0 9,446.6 10,338.7

ANTIGUA AND BARBUDA 2,036.7 2,199.5 2,344.9 2,709.2 DOMINICA 709.7 770.1 808.0 856.5 GRENADA 1,296.6 1,267.2 1,495.4 1,524.0 MONTSERRAT 102.3 110.6 116.4 121.2 ST. KITTS AND NEVIS 977.5 1,078.9 1,184.8 1,319.1 SAINT LUCIA 2,005.9 2,154.0 2,295.4 2,464.4 ST. VINCENT AND THE GRENADINES 1,032.1 1,135.7 1,201.8 1,344.4 Note: All figures are in Market Prices except for Jamaica which are atPurchasers' Price

US$Mn

COUNTRIES 2003 2004 2005 2006


The BAHAMAS 5,941.7 6,032.0 6,509.5 6,875.6

CSME 29,214.7 32,667.4 37,278.2 42,408.0

MDC'S 25,204.6 28,384.1 32,664.7 37,365.3

BARBADOS 2,694.9 2,817.1 3,061.1 3,190.9 GUYANA 737.5 782.6 825.7 910.5 JAMAICA 9,318.4 10,169.4 11,204.0 11,966.4 SURINAME 1,091.0 1,276.4 1,567.2 1,856.3 TRINIDAD AND TOBAGO 11,362.8 13,338.6 16,006.7 19,441.3

LDC's 4,010.1 4,283.3 4,613.5 5,042.7 BELIZE 987.6 1,055.2 1,114.8 1,213.6

OECS 3,022.5 3,228.1 3,498.7 3,829.2

ANTIGUA AND BARBUDA 754.3 814.6 868.5 1,003.4 DOMINICA 262.8 285.2 299.3 317.2 GRENADA 480.2 469.3 553.9 564.4 MONTSERRAT 37.9 41.0 43.1 44.9 ST. KITTS AND NEVIS 362.0 399.6 438.8 488.5 SAINT LUCIA 742.9 797.8 850.1 912.7 ST. VINCENT AND THE GRENADINES 382.3 420.6 445.1 497.9 Note: All figures are in Market Prices except for Jamaica which are atPurchasers' Price

Table 1.4: Gross Domestic Product in Current Market Prices

Table 1.3: Gross Domestic Product in Current Market Prices

24

CARICOM

COUNTRIES 2003 2004 2005 2006

CARIBBEAN COMMUNITY 6,578,260 6,629,989 6,671,865 6,716,363

The BAHAMAS 316,298 320,880 325,170 329,500

CSME 6,261,962 6,309,109 6,346,695 6,386,863

MDC'S 5,418,216 5,449,275 5,471,843 5,510,206

BARBADOS 271,600 272,400 272,400 273,987

GUYANA 751,000 751,400 751,900 760,218

JAMAICA 2,630,400 2,642,000 2,654,500 2,673,800

SURINAME 482,769 492,829 498,543 504,257

TRINIDAD AND TOBAGO 1,282,447 1,290,646 1,294,500 1,297,944

LDC's 843,746 859,834 874,852 876,657 BELIZE 273,700 282,600 291,800 291,800

OECS 570,046 577,234 583,052 584,857

ANTIGUA AND BARBUDA 79,781 81,270 82,786 84,330

DOMINICA 69,820 70,417 70,690 71,008

GRENADA 103,868 105,157 105,892 106,634

MONTSERRAT 4,482 4,681 4,785 4,655

ST. KITTS AND NEVIS 47,313 48,720 49,363 49,990

SAINT LUCIA 160,620 162,434 164,587 166,838

ST. VINCENT AND THE GRENADINES 104,162 104,555 104,949 101,402

Table 1.5: Mid - Year Population Estimates

Fig 1.3: Mid-Year Population Estimates: 2003 - 2006

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

2003 2004 2005 2006Years

Tho

usan

ds o

f Per

sons

CARIBBEAN COMMUNITY MDCs LDCs OECS

25

CARICOM

EC$COUNTRIES 2003 2004 2005 2006


The BAHAMAS 42,432.1 41,759.4 42,584.6 43,972.6

CSME 11,077.9 11,535.5 11,892.0 12,741.4

MDC'S 11,169.0 11,665.7 12,029.9 12,921.2

BARBADOS 21,011.2 21,955.4 22,849.9 23,594.0 GUYANA 2,206.3 2,240.0 2,194.8 2,282.0 JAMAICA 8,535.9 8,616.8 8,664.5 8,835.1 SURINAME 4,692.4 4,946.8 5,208.2 5,390.6 TRINIDAD AND TOBAGO 22,172.1 23,788.5 24,994.1 28,242.8

LDC's 10,492.6 10,710.2 11,029.3 11,611.0 BELIZE 8,492.1 8,652.7 8,708.8 9,134.5

OECS 11,453.1 11,717.6 12,190.6 12,846.6

ANTIGUA AND BARBUDA 21,071.4 21,765.6 22,535.9 24,858.3 DOMINICA 8,106.9 8,283.1 8,526.1 8,826.1 GRENADA 9,741.6 9,072.7 10,003.9 9,699.3 MONTSERRAT 17,608.1 17,609.8 17,167.6 16,971.2 ST. KITTS AND NEVIS 16,189.7 16,873.5 17,380.6 17,848.6 SAINT LUCIA 10,070.3 10,408.9 10,665.4 10,985.0 ST. VINCENT AND THE GRENADINES 7,751.6 8,247.3 8,428.6 9,389.7

US$COUNTRIES 2003 2004 2005 2006


The BAHAMAS 15,715.6 15,466.5 15,772.1 16,286.1

CSME 4,102.9 4,272.4 4,404.4 4,719.0

MDC'S 4,136.7 4,320.6 4,455.5 4,785.6

BARBADOS 7,781.9 8,131.6 8,462.9 8,738.5 GUYANA 817.1 829.6 812.9 845.2 JAMAICA 3,161.4 3,191.4 3,209.1 3,272.3 SURINAME 1,737.9 1,832.1 1,929.0 1,996.5 TRINIDAD AND TOBAGO 8,211.9 8,810.6 9,257.1 10,460.3

LDC's 3,886.1 3,966.8 4,084.9 4,300.4 BELIZE 3,145.2 3,204.7 3,225.5 3,383.1

OECS 4,241.9 4,339.8 4,515.0 4,758.0


Table 1.7: Per Capita Gross Domestic Product in Constant 2000 Prices

Table 1.6: Per Capita Gross Domestic Product in Constant 2000 Prices

26

CARICOM

Fig 1.4: GDP Per Capita in Constant 2000 Prices: 2003

0

10000

20000

30000

40000

50000

60000

AG BB BH BZ DM GD GY JM MS KN LC VC SR TT

$EC

Fig 1.5: GDP Per Capita in Constant 2000 Prices: 2006

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

50000

AG BB BH BZ DM GD GY JM MS KN LC VC SR TT

$EC

27

CARICOM

EC$

COUNTRIES 2003 2004 2005 2006


The BAHAMAS 50,719.7 50,755.5 54,050.2 56,340.5

CSME 12,596.6 13,980.1 15,858.8 17,927.7

MDC'S 12,559.9 14,063.7 16,117.9 18,309.0

BARBADOS 26,789.7 27,922.8 30,341.0 31,444.2

GUYANA 2,651.4 2,812.1 2,964.9 3,233.6

JAMAICA 9,565.0 10,392.7 11,396.1 12,083.6

SURINAME 6,102.0 6,992.6 8,487.8 9,939.3


LDC's 12,832.3 13,450.1 14,238.4 15,530.9

BELIZE 9,742.5 10,081.1 10,315.1 11,228.9

OECS 14,315.8 15,099.5 16,201.9 17,677.3


DOMINICA 10,164.0 10,936.1 11,429.9 12,061.6

GRENADA 12,483.2 12,050.4 14,122.0 14,291.7

MONTSERRAT 22,815.7 23,629.6 24,315.6 26,036.5

ST. KITTS AND NEVIS 20,659.4 22,144.7 24,001.2 26,386.7

SAINT LUCIA 12,488.6 13,260.7 13,946.4 14,771.2

ST. VINCENT AND THE GRENADINES 9,908.5 10,862.2 11,450.9 13,257.9

Note: All figures are in Market Prices except for Jamaica which are atPurchasers' Price

US$COUNTRIES 2003 2004 2005 2006


The BAHAMAS 18,785.1 18,798.3 20,018.6 20,866.9

CSME 4,665.4 5,177.8 5,873.6 6,639.9

MDC'S 4,651.8 5,208.8 5,969.6 6,781.1

BARBADOS 9,922.1 10,341.8 11,237.4 11,646.0 GUYANA 982.0 1,041.5 1,098.1 1,197.6 JAMAICA 3,542.6 3,849.1 4,220.8 4,475.4 SURINAME 2,260.0 2,589.9 3,143.6 3,681.2 TRINIDAD AND TOBAGO 8,860.3 10,334.8 12,365.2 14,978.5

LDC's 4,752.7 4,981.5 5,273.5 5,752.2

BELIZE 3,608.3 3,733.7 3,820.4 4,158.8

OECS 5,302.2 5,592.4 6,000.7 6,547.2

ANTIGUA AND BARBUDA 9,455.1 10,023.7 10,490.7 11,898.7 DOMINICA 3,764.4 4,050.4 4,233.3 4,467.3 GRENADA 4,623.4 4,463.1 5,230.4 5,293.2 MONTSERRAT 8,450.3 8,751.7 9,005.8 9,643.2 ST. KITTS AND NEVIS 7,651.6 8,201.7 8,889.3 9,772.8 SAINT LUCIA 4,625.4 4,911.4 5,165.3 5,470.8


Note: All figures are in Market Prices except for Jamaica which are atPurchasers' Price

Table 1.9: Per Capita Gross Domestic Product in Current Prices

Table 1.8: Per Capita Gross Domestic Product in Current Market Prices

28

CARICOM

EC$MnCOUNTRIES 2003 2004 2005 2006


The BAHAMAS 15,784.8 16,075.0 17,222.7 18,226.4

CSME 73,964.1 83,844.5 84,669.0 97,445.7

MDC'S 64,153.6 73,402.8 75,804.6 87,771.3

BARBADOS 6,987.1 7,314.2 … … GUYANA 1,876.2 2,027.6 2,174.0 2,340.2 JAMAICA 23,660.0 25,879.6 28,416.6 30,652.8 SURINAME 2,787.9 3,239.6 4,043.9 4,813.5 TRINIDAD AND TOBAGO 28,842.4 34,941.8 41,170.1 49,964.7

LDC's 9,810.6 10,441.8 8,864.4 9,674.4 BELIZE 2,373.8 2,469.0 … …

OECS 7,436.8 7,972.8 8,864.4 9,674.4

ANTIGUA AND BARBUDA 1,932.2 2,076.1 2,230.5 2,536.2 DOMINICA 636.7 680.1 729.7 811.2 GRENADA 1,073.2 1,114.9 1,419.1 1,446.3 MONTSERRAT 99.0 101.5 108.7 114.9 ST. KITTS AND NEVIS 859.3 973.9 1,089.9 1,231.8 SAINT LUCIA 1,868.7 1,967.7 2,157.0 2,255.0 ST. VINCENT AND THE GRENADINES 967.7 1,058.7 1,129.5 1,279.1 Note: All figures are in Market Prices except for Jamaica which are atPurchasers' Price

US$MnCOUNTRIES 2003 2004 2005 2006


The BAHAMAS 5,846.2 5,953.7 6,378.8 6,750.5

CSME 27,394.1 31,053.5 31,358.9 36,091.0

MDC'S 23,760.6 27,186.2 28,075.8 32,507.9

BARBADOS 2,587.8 2,709.0 … … GUYANA 694.9 751.0 805.2 866.7 JAMAICA 8,763.0 9,585.0 10,524.7 11,352.9 SURINAME 1,032.6 1,199.9 1,497.7 1,782.8 TRINIDAD AND TOBAGO 10,682.4 12,941.4 15,248.2 18,505.5

LDC's 3,633.5 3,867.3 3,283.1 3,583.1 BELIZE 879.2 914.4 … …

OECS 2,754.4 2,952.9 3,283.1 3,583.1

ANTIGUA AND BARBUDA 715.6 768.9 826.1 939.3 DOMINICA 235.8 251.9 270.3 300.4 GRENADA 397.5 412.9 525.6 535.7 MONTSERRAT 36.7 37.6 40.3 42.6 ST. KITTS AND NEVIS 318.3 360.7 403.7 456.2 SAINT LUCIA 692.1 728.8 798.9 835.2 ST. VINCENT AND THE GRENADINES 358.4 392.1 418.3 473.7

Table 1.10: Gross National Income in Market Prices

Table 1.11: Gross National Income in Market Prices

29

CARICOM

EC$

COUNTRIES 2003 2004 2005 2006


The BAHAMAS 49,905.0 50,096.6 52,965.2 55,315.4

CSME 179,000.1 191,436.8 172,850.5 193,106.7

MDC'S 65,483.7 72,991.4 53,511.7 62,583.5

BARBADOS 25,725.6 26,850.8 … … GUYANA 2,498.2 2,698.4 2,891.4 3,078.3 JAMAICA 8,994.8 9,795.5 10,705.1 11,464.1 SURINAME 5,774.9 6,573.6 8,111.4 9,545.7 TRINIDAD AND TOBAGO 22,490.2 27,073.1 31,803.9 38,495.3

LDC's 113,516.4 118,445.5 119,338.8 130,523.1 BELIZE 8,672.9 8,736.6 … …

OECS 104,843.5 109,708.9 119,338.8 130,523.1


US$

COUNTRIES 2003 2004 2005 2006


The BAHAMAS 18,483.3 18,554.3 19,616.7 20,487.2

CSME 66,296.3 70,902.5 64,018.7 71,521.0

MDC'S 24,253.2 27,033.8 19,819.2 23,179.1

BARBADOS 9,528.0 9,944.8 … …

GUYANA 925.3 999.4 1,070.9 1,140.1

JAMAICA 3,331.4 3,627.9 3,964.8 4,246.0

SURINAME 2,138.8 2,434.7 3,004.2 3,535.5


LDC's 42,043.1 43,868.7 44,199.6 48,341.9

BELIZE 3,212.2 3,235.8 … …

OECS 38,830.9 40,632.9 44,199.6 48,341.9


DOMINICA 3,377.5 3,577.0 3,823.4 4,230.9

GRENADA 3,826.6 3,926.6 4,963.4 5,023.5

MONTSERRAT 8,180.0 8,027.7 8,416.7 9,145.1

ST. KITTS AND NEVIS 6,726.8 7,403.2 8,177.5 9,126.0

SAINT LUCIA 4,308.9 4,486.7 4,854.0 5,005.9


Table 1.12: Per Capita Gross National Income in Market Prices

Table 1.13: Per Capita Gross National Income in Market Prices

30

ANTIGUA AND BARBUDA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 1,681.1 1,768.9 1,865.7 2,096.3

AGRICULTURE 63.2 64.9 66.8 68.7

MINING & QUARRYING 29.4 25.7 32.6 47.3

MANUFACTURING 40.2 38.6 40.0 43.5

ELECTRICITY & WATER 47.8 50.9 54.2 57.1

CONSTRUCTION 228.8 234.5 280.2 378.3

WHOLESALE & RETAIL TRADE 167.7 172.6 179.4 198.9

HOTELS & RESTAURANTS 185.4 197.9 195.7 200.5

TRANSPORT 201.6 230.9 225.5 255.2

COMMUNICATIONS 139.6 143.9 155.4 163.2

BANKS & INSURANCE 149.2 165.3 181.4 193.7

REAL ESTATE & HOUSING 119.4 123.5 127.9 136.8

GOVERNMENT SERVICES 306.5 320.5 329.9 347.8

OTHER SERVICES 126.1 129.9 132.8 143.9

LESS: FISIM 125.5 132.0 142.5 148.2

STATISTICAL DISCREPANCY1 1.8 1.8 6.4 9.6

Industry 2003 2004 2005 2006

TOTAL 4.3 5.2 5.5 12.4

AGRICULTURE 2.5 2.7 3.0 2.9

MINING & QUARRYING 5.5 -12.5 26.8 45.0

MANUFACTURING 7.9 -4.0 3.8 8.6

ELECTRICITY & WATER -2.7 6.4 6.4 5.4

CONSTRUCTION 6.7 2.5 19.5 35.0

W/SALE & RETAIL TRADE 3.6 2.9 3.9 10.9

HOTELS & RESTAURANTS 10.2 6.8 -1.1 2.4

TRANSPORT 14.7 14.6 -2.3 13.2

COMMUNICATIONS 1.4 3.1 8.0 5.0

BANKS & INSURANCE -2.3 10.8 9.8 6.8



OTHER SERVICES 2.2 3.0 2.2 8.4

LESS: FISIM 7.3 5.2 8.0 4.0

Note: 1 Refers to statistical discrepancy which arose due to shifting of the base year from 1990 to a common base year across all Member States, 2000.

Table 2.1: Gross Value Added By Industry in Constant 2000 Basic Prices

Table 2.1A: Gross Value Added By Industry in Constant 2000 Basic Prices - Percentage Change

33

ANTIGUA AND BARBUDA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 1,350.4 1,420.9 1,498.6 1,683.9

AGRICULTURE 44.8 46.0 47.4 48.7


MANUFACTURING 35.3 33.9 35.2 38.2


CONSTRUCTION 192.3 197.1 235.5 317.9



TRANSPORT 153.1 175.4 171.3 193.8

COMMUNICATIONS 144.2 148.6 160.5 168.5

BANKS & INSURANCE 137.7 152.6 167.5 178.8



OTHER SERVICES 87.2 89.8 91.8 99.5

LESS: FISIM 129.5 136.2 147.1 152.9


Fig 2.1: GVA by Industry in Constant 2000 Basic Prices - Percentage Change

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

2003 2004 2005 2006

Perc

ent

TOTAL AGRICULTURE MANUFACTURING SERVICES

34

ANTIGUA AND BARBUDA

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0



MANUFACTURING 2.6 2.4 2.3 2.3


CONSTRUCTION 14.2 13.9 15.7 18.9



TRANSPORT 11.3 12.3 11.4 11.5


BANKS & INSURANCE 10.2 10.7 11.2 10.6




LESS: FISIM 9.6 9.6 9.8 9.1

Table 2.2A: Gross Value Added By Industry in Constant 1990 Basic Prices - Percentage Distribution

Fig. 2.2: GVA By Industry in Constant 1990 Basic Prices -Percentage

Distribution, 2003

14.2

12.2

11.3

10.716.8

34.7

CONSTRUCTION HOTELS & RESTAURANTS TRANSPORT COMMUNICATIONS GOVERNMENT SERVICESOTHER SECTORS

Fig. 2.3: GVA By Industry in Constant 1990 Basic Prices -

Percentage Distribution, 2006

18.9

10.6

11.5

10.015.3

33.7

CONSTRUCTION HOTELS & RESTAURANTS TRANSPORT COMMUNICATIONS GOVERNMENT SERVICESOTHER SECTORS

35

ANTIGUA AND BARBUDA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 1,728.4 1,840.4 1,978.8 2,274.5

AGRICULTURE 65.2 67.9 71.4 75.3


MANUFACTURING 40.1 39.4 40.9 42.4


CONSTRUCTION 243.9 255.0 319.9 466.4



TRANSPORT 215.0 253.0 249.9 285.4

COMMUNICATIONS 140.1 145.5 157.2 165.0

BANKS & INSURANCE 158.8 174.1 190.0 203.2



OTHER SERVICES 126.7 133.6 141.9 142.9

LESS: FISIM 125.8 132.3 145.5 156.4

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0





CONSTRUCTION 14.1 13.9 16.2 20.5



TRANSPORT 12.4 13.7 12.6 12.5


BANKS & INSURANCE 9.2 9.5 9.6 8.9




LESS: FISIM 7.3 7.2 7.4 6.9

Table 2.3: Gross Valued Added By Industry in Current Basic Prices

Table 2.3A: Gross Value Added By Industry in Current Basic Prices - Percentage Distribution

36

ANTIGUA AND BARBUDA

Industry 2003 2004 2005 2006

TOTAL 4.6 6.5 7.5 14.9



MANUFACTURING 5.4 -1.6 3.8 3.6





TRANSPORT 11.3 17.6 -1.2 14.2


BANKS & INSURANCE -1.6 9.6 9.1 7.0




LESS: FISIM 7.3 5.2 10.0 7.5

Table 2.3B: Gross Value Added By Industry in Current Basic Prices - Percentage Change

Fig 2.4: GVA by Industry in Current Basic Prices - Percentage Change

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

2003 2004 2005 2006

Perc

ent


37

ANTIGUA AND BARBUDA

EC$Mn

EXPENDITURE GROUPS 2003 2004 2005 2006

GROSS DOMESTIC PRODUCT (Current Market Prices) 2,036.7 2,199.5 2,344.9 2,709.2

TOTAL CONSUMPTION 1,175.8 1,253.5 1,329.9 1,411.0

Private 761.5 814.6 886.7 925.5

General Government 414.3 438.9 443.1 485.5

GROSS CAPITAL FORMATION 1,055.6 1,103.6 1,384.8 2,019.0

Gross Fixed Capital Formation 1,055.6 1,103.6 1,384.8 2,019.0

Increase in Stocks - - - -

GOODS AND NON-FACTOR SERVICES -194.7 -157.6 -369.7 -720.8

Exports of Goods 120.8 154.1 222.6 199.8

Exports of Non-Factor Services 1,128.4 1,287.7 1,249.0 1,289.2

Imports of Goods 951.2 1,086.4 1,229.5 1,511.2

Imports of Non Factor Services 492.7 513.0 611.9 698.5

Table 2.4: Expenditure on Gross Domestic Product in Current Prices

Fig 2.5: GVA in Current and Constant 1990 Basic Prices

0

500

1000

1500

2000

2500

2003 2004 2005 2006

$EC

Mn

CONSTANT 1990 BASIC PRICES CURRENT BASIC PRICES

38

ANTIGUA AND BARBUDA


GROSS DOMESTIC PRODUCT (Current Market Prices) 100.0 100.0 100.0 100.0

TOTAL CONSUMPTION 57.7 57.0 56.7 52.1

Private 37.4 37.0 37.8 34.2


GROSS CAPITAL FORMATION 51.8 50.2 59.1 74.5

Gross Fixed Capital Formation 51.8 50.2 59.1 74.5



Exports of Goods 5.9 7.0 9.5 7.4

Exports of Non-Factor Services 55.4 58.5 53.3 47.6

Imports of Goods 46.7 49.4 52.4 55.8


Table 2.4A: Expenditure on Gross Domestic Product in Current Prices - Percentage Distribution

Fig 2.6: Expenditure on GDP in Current Prices : 2003

-500

0

500

1000

1500

2000

2500

Total GDP PrivateConsumption

GovernmentConsumption

Gross CapitalFormation

Goods and Non-factor Services

EC

$Mn

Fig 2.7: Expenditure on GDP in Current Prices: 2006

-1000

-500

0

500

1000

1500

2000

2500

3000





EC

$Mn

39

40

THE BAHAMAS

EC$MnIndustry 2003 2004 2005 2006

TOTAL 13,421.2 13,399.8 13,847.2 14,489.0

AGRICULTURE & FISHING 362.9 334.3 283.2 292.3

MINING & MANUFACTURING 637.9 682.0 822.0 803.4


CONSTRUCTION 1,123.8 970.5 1,102.3 1,327.6

WHOLESALE & RETAIL TRADE 1,676.9 1,749.2 1,881.4 1,906.6

HOTELS & RESTAURANTS 1,456.8 1,503.2 1,475.6 1,550.5

T/PORT, STORAGE & COMM. 1,107.9 1,134.1 1,157.0 1,165.0

FINANCIAL INTERMEDIATION 1,406.2 1,453.6 1,560.0 1,585.6

REAL ESTATE, RENT & BUSINESS 3,041.2 3,171.4 3,132.3 3,229.4

PUBLIC ADMIN. & DEFENCE 586.2 545.4 560.2 566.4

EDUCATION 629.9 656.6 675.0 677.3

HEALTH 436.6 454.9 465.5 464.5

OTHER COM., SOC. & PERS. SERV. 928.5 912.1 952.3 939.8

DUMMY FINANCIAL CORPORATION (FISIM) -820.9 -885.1 -1,014.0 -1,044.3

NET INDIRECT TAXES 1,513.5 1,445.1 1,429.3 1,618.0

STATISTICAL DISCREPANCY 1 -1,231.9 -1,296.9 -1,288.2 -1,348.4

Industry 2003 2004 2005 2006

TOTAL -10.1 -0.2 3.3 4.6

AGRICULTURE & FISHING -3.8 -7.9 -15.3 3.2

MINING & MANUFACTURING 20.6 6.9 20.5 -2.3


CONSTRUCTION 6.6 -13.6 13.6 20.4

WHOLESALE & RETAIL TRADE -1.1 4.3 7.6 1.3

HOTELS & RESTAURANTS 7.1 3.2 -1.8 5.1

T/PORT, STORAGE & COMM. 0.9 2.4 2.0 0.7

FINANCIAL INTERMEDIATION -18.5 3.4 7.3 1.6

REAL ESTATE, RENT & BUSINESS -3.0 4.3 -1.2 3.1

PUBLIC ADMIN. & DEFENCE -18.6 -7.0 2.7 1.1

EDUCATION 12.0 4.2 2.8 0.4

HEALTH -0.5 4.2 2.4 -0.2

OTHER COM., SOC. & PERS. SERV. 7.0 -1.8 4.4 -1.3

DUMMY FINANCIAL CORPORATION (FISIM) 31.7 7.8 14.6 3.0

NET INDIRECT TAXES 3.2 -4.5 -1.1 13.2

Table 3.1: Gross Domestic Product By Industry in Constant 2000 Market Prices

Table 3.1A: Gross Domestic Product By Industry in Constant 2000 Market Prices - Percentage Change

1 Refers to statistical discrepancy which arose due to shifting of the base year from 2006 to a common base year across all Member States, 2000.

43

THE BAHAMAS

BH$MnIndustry 2003 2004 2005 2006

TOTAL 6,368.9 6,358.8 6,571.1 6,875.6




CONSTRUCTION 624.8 539.6 612.9 738.2




FINANCIAL INTERMEDIATION 663.3 685.7 735.8 747.9



EDUCATION 280.3 292.2 300.4 301.4

HEALTH 194.8 203.0 207.8 207.3



NET INDIRECT TAXES 565.1 539.6 533.7 604.1


Fig 3.1: GDP by Industry in Constant 2000 Basic Prices - Percentage Change (Based on EC$ Mn)

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

2003 2004 2005 2006

AGRICULTURE & FISHING MINING & MANUFACTURING

CONSTRUCTION SERVICES

44

THE BAHAMAS

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0









REAL ESTATE, RENT & BUSINESS 16.5 17.2 17.0 17.6


EDUCATION 4.3 4.5 4.6 4.6

HEALTH 3.0 3.1 3.2 3.2




Table 3.2A: Gross Domestic Product By Industry in Constant 2006 Market Prices - Percentage Distribution

Fig 3.2: GDP by Industry at Factor Cost in Constant 2006 Market Prices - Percentage

Distribution, 2003

9.6

10.7

8.7

10.2

16.5

44.3

CONSTRUCTION

WHOLESALE & RETAIL TRADE

T/PORT, STORAGE & COMM.

FINANCIAL INTERMEDIATION

REAL ESTATE, RENT & BUSINESS

OTHER

Fig 3.3: GDP by Industry at Factor Cost in Constant 2006 Market Prices -

Percentage Distribution, 2006

11.3

12.2

9.1

11.5 17.6

38.3

CONSTRUCTION

WHOLESALE & RETAIL TRADE

T/PORT, STORAGE & COMM.

FINANCIAL INTERMEDIATION

REAL ESTATE, RENT & BUSINESS

OTHER

45

THE BAHAMAS

BH$ MnIndustry 2003 2004 2005 2006

TOTAL 5,941.7 6,032.0 6,509.5 6,875.6




CONSTRUCTION 518.5 459.2 598.0 738.2







EDUCATION 247.0 261.9 286.0 301.4

HEALTH 177.9 182.6 198.1 207.3




Industry 2003 2004 2005 2006

TOTAL 0.5 1.5 7.9 5.6

AGRICULTURE & FISHING -9.3 -14.9 -4.3 9.5

MINING & MANUFACTURING -4.1 16.9 3.0 1.9

ELECTRICITY & WATER 12.5 -1.9 12.4 14.4

CONSTRUCTION 5.0 -11.4 30.2 23.4



T/PORT, STORAGE & COMM. 7.3 0.2 11.7 -0.6

FINANCIAL INTERMEDIATION -17.9 4.7 12.3 3.9

REAL ESTATE, RENT & BUSINESS 0.3 4.0 1.5 -1.8


EDUCATION 14.3 6.0 9.2 5.4

HEALTH 6.8 2.6 8.5 4.7

OTHER COM., SOC. & PERS. SERV. 8.6 -0.2 8.4 -0.3


Table 3.3: Gross Domestic Product By Industry in Current Market Prices

Table 3.3A: Gross Domestic Product By Industry in Current Market Prices - Percentage Change

46

THE BAHAMAS

Fig 3.5: Gross Domestic Product in Current and Constant 2006 Market Prices

5400

5600

5800

6000

6200

6400

6600

6800

7000

2003 2004 2005 2006

BH

$ M

n

CONSTANT 2006 PRICES CURRENT MARKET PRICES

Fig 3.4: Gross Domestic Product by Industry in Current Market Prices - Percentage Change (Based on BH$ Mn)

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

2003 2004 2005 2006

Perc

ent

TOTAL AGRICULTURE & FISHING MINING & MANUFACTURING SERVICES

47

THE BAHAMAS

EC$MnIndustry 2003 2004 2005 2006

TOTAL 16,042.5 16,286.4 17,575.5 18,564.2




CONSTRUCTION 1,399.8 1,239.8 1,614.6 1,993.1


HOTELS & RESTAURANTS 1,615.9 1,684.0 1,850.6 1,893.2

T/PORT, STORAGE & COMM. 1,447.5 1,450.4 1,620.1 1,609.8

FINANCIAL INTERMEDIATION 1,654.2 1,731.2 1,943.7 2,019.4


PUBLIC ADMIN. & DEFENCE 887.0 960.7 992.4 1,072.2

EDUCATION 667.0 707.0 772.2 813.8

HEALTH 480.4 493.1 534.8 559.7

OTHER COM., SOC. & PERS. SERV. 972.2 970.6 1,052.0 1,048.5DUMMY FINANCIAL CORPORATION (FISIM) 853.8 934.8 1,124.1 1,193.5NET INDIRECT TAXES 1,400.1 1,354.2 1,391.9 1,631.2

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0









REAL ESTATE, RENT & BUSINESS 18.6 19.1 17.9 16.7


EDUCATION 4.2 4.3 4.4 4.4

HEALTH 3.0 3.0 3.0 3.0





Table 3.4A: Gross Domestic Product By Industry in Current Market Prices- Percentage Distribution

48

THE BAHAMAS

EC$MnEXPENDITURE GROUPS 2003 2004 2005 2006



Private 9,852.6 10,223.4 11,028.3 12,987.5

General Government 2,119.5 2,231.0 2,357.6 2,558.6



Increase in Stocks 161.5 157.5 173.5 176.3

GOODS AND NON-FACTOR SERVICES -622.5 -694.8 -1,824.6 -4,281.4

Exports of Goods and Services 6,692.5 7,315.8 8,049.5 8,113.9

Imports of Goods and Services 7,315.1 8,010.6 9,874.0 12,395.3




Private 61.4 62.8 62.8 70.0






Exports of Goods and Services 41.7 44.9 45.8 43.7

Imports of Goods and Services 45.6 49.2 56.2 66.8



49

THE BAHAMAS

BH$MnEXPENDITURE GROUPS 2003 2004 2005 2006



Private 3,649.1 3,786.4 4,084.5 4,810.2





GOODS AND NON-FACTOR SERVICES -230.6 -257.3 -675.8 -1,585.7





-1000.0

0.0

1000.0

2000.0

3000.0

4000.0

5000.0

6000.0

7000.0






-3000.0

-2000.0

-1000.0

0.0

1000.0

2000.0

3000.0

4000.0

5000.0

6000.0

7000.0

8000.0





50

BARBADOS

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 5,706.6 5,980.7 6,224.3 6,464.4

AGRICULTURE 204.1 189.3 204.5 192.9


MANUFACTURING 325.3 332.3 339.3 343.0

ELECTRICITY, GAS & WATER 211.4 215.3 214.2 235.1

CONSTRUCTION 389.1 400.1 453.8 485.1


TOURISM 644.5 704.8 688.9 699.8

TRANSPORT, STORAGE & COMM. 524.7 552.6 579.9 610.4

BUSINESS & GENERAL SERVICES 1,332.4 1,389.4 1,452.7 1,529.4

GOVERNMENT SERVICES 1,020.2 1,077.5 1,115.1 1,149.0

STATISTICAL DISCREPANCY1 -21.0 -23.4 -28.3 -44.8

Industry 2003 2004 2005 2006

TOTAL 2.0 4.8 4.1 3.9

AGRICULTURE -4.0 -7.3 8.0 -5.7

MINING & QUARRYING -16.0 9.5 8.7 -3.0

MANUFACTURING -1.6 2.1 2.1 1.1

ELECTRICITY, GAS & WATER 2.9 1.8 -0.5 9.8



TOURISM 7.0 9.4 -2.3 1.6


BUSINESS & GENERAL SERVICES 4.5 4.3 4.6 5.3

GOVERNMENT SERVICES -3.7 5.6 3.5 3.0

Table 4.1: Gross Domestic Product By Industry in Constant 2000 Basic Prices

Table 4.1A:Gross Domestic Product By Industry in Constant 2000 Basic Prices - Percentage Change


53

BARBADOS

BD$MnIndustry 2003 2004 2005 2006

TOTAL 976.7 1,023.6 1,065.3 1,106.4

AGRICULTURE 51.0 47.3 51.1 48.2


MANUFACTURING 60.6 61.9 63.2 63.9


CONSTRUCTION 84.7 87.1 98.8 105.6


TOURISM 153.8 168.2 164.4 167.0





Fig 4.1: GDP by Industry in Constant 2000 Basic Prices - Percentage Change (Based on $EC Mn)

-10.0

-8.0

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

2003 2004 2005 2006

Perc

ent


54

BARBADOS

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0







TOURISM 15.7 16.4 15.4 15.1




Table 4.2A: Gross Domestic Product By Industry in Constant 1974 Basic Prices - Percentage Distribution

Fig 4.2: GDP by Industry in Constant 1974 Basic Prices - Percentage

Distribution, 2003

19.8

15.7

8.5 17.2

13.9

24.9

WHOLESALE & RETAIL TRADE TOURISM TRANSPORT, STORAGE & COMM. BUSINESS & GENERAL SERVICES GOVERNMENT SERVICESOTHER

Fig 4.3: GDP by Industry in Constant 1974 Basic Prices - Percentage Distribution, 2006

20.5

15.1

8.7 17.5

13.8

24.4

WHOLESALE & RETAIL TRADE TOURISM TRANSPORT, STORAGE & COMM. BUSINESS & GENERAL SERVICES GOVERNMENT SERVICESOTHER

55

BARBADOS

BD$MnIndustry 2003 2004 2005 2006

TOTAL 4,334.7 4,601.8 4,975.5 5,264.4

AGRICULTURE: 193.5 165.0 177.1 177.7

MINING AND QUARRYING 31.0 35.1 44.0 53.0

MANUFACTURING 292.7 315.8 321.3 357.1

ELECTRICITY, GAS AND WATER 143.6 144.5 171.1 197.3

CONSTRUCTION 232.1 259.7 329.1 356.3

WHOLESALE AND RETAIL TRADE 738.6 806.4 890.8 893.8

TOURISM 512.4 523.5 569.0 612.9




Industry 2003 2004 2005 2006

TOTAL 6.6 6.2 8.1 5.8

AGRICULTURE 26.5 -14.7 7.3 0.3





WHOLESALE AND RETAIL TRADE 4.2 9.2 10.5 0.3

TOURISM 15.3 2.2 8.7 7.7

TRANSPORT, STORAGE & COMM. -2.5 10.1 2.9 0.8



Table 4.3: Gross Domestic Product By Industry in Current Basic Prices

Table 4.3A: Gross Domestic Product By Industry in Current Basic Prices - Percentage Change

56

BARBADOS

Fig 4.4: Gross Domestic Product by Industry in Current Basic Prices - Percentage Change (Based on $BD Mn)

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

2003 2004 2005 2006

Perc

ent

TOTAL AGRICULTUREMANUFACTURING SERVICES

Fig 4.5: Gross Domestic Product in Current and Constant 1974 Basic Prices

0

1000

2000

3000

4000

5000

6000

2003 2004 2005 2006

$BD

Mn


57

BARBADOS

EC$Mn Industry 2003 2004 2005 2006

TOTAL 5,851.8 6,212.4 6,716.9 7,106.9

AGRICULTURE 261.2 222.8 239.1 239.9


MANUFACTURING 395.2 426.3 433.8 482.1


CONSTRUCTION 313.4 350.6 444.3 481.0

WHOLESALE AND RETAIL TRADE 997.1 1,088.6 1,202.6 1,206.6

TOURISM 691.7 706.7 768.2 827.4



GOVERNMENT SERVICES 1,053.7 1,066.4 1,106.5 1,153.2

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0







TOURISM 11.8 11.4 11.4 11.6





Table 4.4A: Gross Domestic Product By Industry in Current Basic Prices - Percentage Distribution

58

BARBADOS

EC$Mn EXPENDITURE GROUPS 2003 2004 2005 2006



Private 4,542.8 5,024.7 5,261.3 5,074.8



Public Building Activity 158.1 83.2 71.7 82.6

Private Building Activity 570.6 732.1 960.6 1,050.6

Finished Capital Goods 784.8 972.8 970.2 1,148.0

Stock of Finished Goods -7.8 12.4 13.1 13.6



LESS: Imports of Goods and Services 4,175.6 4,822.1 5,246.1 5,740.5




Private 62.4 66.1 63.7 58.9




Private Building Activity 7.8 9.6 11.6 12.2

Finished Capital Goods 10.8 12.8 11.7 13.3




LESS: Imports of Goods and Services 57.4 63.4 63.5 66.6



59

BARBADOS

BD$MnEXPENDITURE GROUPS 2003 2004 2005 2006



Private 3,365.0 3,722.0 3,897.3 3,759.1




Private Building Activity 422.7 542.3 711.6 778.2

Finished Capital Goods 581.3 720.6 718.7 850.4




LESS: Imports of Goods and Services 3,093.0 3,571.9 3,886.0 4,252.2



-1000

0

1000

2000

3000

4000

5000

6000





BD

$Mn


-1000

0

1000

2000

3000

4000

5000

6000

7000





BD

$Mn

60

BELIZE

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 2,324.3 2,445.3 2,541.2 2,665.4

AGRICULTURE 286.7 320.8 318.1 320.9

FORESTRY & LOGGING 13.8 14.9 16.6 16.6

FISHING 171.2 180.6 198.3 167.0


MANUFACTURING 213.6 239.9 242.9 328.6


CONSTRUCTION 96.5 100.8 97.2 90.9

TRADE, HOTELS & RESTAURANTS 518.3 526.4 554.4 569.4

TRANSPORT & COMMUNICATIONS 258.5 271.4 295.5 313.3

FINANCE & INSURANCE 232.9 245.4 259.1 266.2

REAL ESTATE & BUS. SERVICES 166.1 175.4 193.1 207.5

PUBLIC ADMINISTRATION 260.1 263.7 267.3 255.0

COMMUNITY & OTHER SERVICES 138.0 143.5 150.8 155.9LESS: FINANCIAL SERVICES INDIRECTLY MEASURED 131.4 136.8 150.1 157.0

Industry 2003 2004 2005 2006

TOTAL 9.4 5.2 3.9 4.9

AGRICULTURE 15.5 11.9 -0.8 0.9

FORESTRY & LOGGING -5.6 7.8 11.8 0.0

FISHING 110.3 5.5 9.8 -15.8

MINING & QUARRYING 0.0 5.7 -6.5 1.1


ELECTRICITY & WATER 8.5 -1.5 -0.5 38.0

CONSTRUCTION -17.8 4.5 -3.6 -6.5





PUBLIC ADMINISTRATION 6.3 1.3 1.4 -4.6



Table 5.1A: Gross Domestic Product By Industry in Constant 2000 Basic Prices- Percentage Change

63

BELIZE

BZ$MnIndustry 2003 2004 2005 2006

TOTAL 1,721.7 1,811.3 1,882.4 1,974.4

AGRICULTURE 212.4 237.6 235.6 237.7


FISHING 126.8 133.8 146.9 123.7


MANUFACTURING 158.2 177.7 179.9 243.4


CONSTRUCTION 71.5 74.7 72.0 67.3








Fig 5.1: GDP by Industry in Constant 2000 Basic Prices - Percentage Change

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

2003 2004 2005 2006

Perc

ent


64

BELIZE

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0

AGRICULTURE 12.3 13.1 12.5 12.0


FISHING 7.4 7.4 7.8 6.3












Fig 5.2: GDP By Industry in Constant 2000 Basic Prices - Percentage Distribution, 2003

12.3

9.2

22.3

11.1

11.2

33.9

AGRICULTURE MANUFACTURING TRADE, HOTELS & RESTAURANTS TRANSPORT & COMMUNICATIONS PUBLIC ADMINISTRATIONOTHER

Fig 5.3: GDP By Industry in Constant 2000 Basic Prices - Percentage

Distribution, 2006

12.0

12.3

21.4 11.8

9.6

32.9

AGRICULTURE MANUFACTURING TRADE, HOTELS & RESTAURANTS TRANSPORT & COMMUNICATIONS PUBLIC ADMINISTRATIONOTHER

65

BELIZE

BZ$MnIndustry 2003 2004 2005 2006

TOTAL 1,693.0 1,811.0 1,917.0 2,090.9

AGRICULTURE 174.8 195.4 197.7 206.8


FISHING 98.0 93.5 84.0 73.8


MANUFACTURING 153.7 164.9 174.9 258.1


CONSTRUCTION 75.3 82.4 82.3 85.6

TRADE 305.1 304.7 327.7 352.3







Industry 2003 2004 2005 2006

TOTAL 6.4 7.0 5.9 9.1

AGRICULTURE 7.8 11.8 1.2 4.6

FORESTRY & LOGGING -1.8 6.5 14.9 0.0

FISHING 54.3 -4.6 -10.2 -12.1

MINING & QUARRYING 2.2 6.5 -4.1 1.1



CONSTRUCTION -15.0 9.4 -0.1 4.0

TRADE, HOTELS & RESTAURANTS 1.1 -0.1 7.5 7.5






Table 5.3A: Gross Domestic Product By Industry in Current Basic Prices- Percentage Change


66

BELIZE

Fig 5.5: GDP in Current and Constant 2000 Basic Prices

0

500

1000

1500

2000

2500

2003 2004 2005 2006

$BZ

Mn


Fig 5.4: GDP by Industry in Current Basic Prices - Percentage Change (based on $BZ Mn)

-10.0

0.0

10.0

20.0

30.0

40.0

50.0

2003 2004 2005 2006

Perc

ent


67

BELIZE

EC$MnIndustry 2003 2004 2005 2006

TOTAL 2,285.6 2,444.9 2,588.0 2,822.7

AGRICULTURE 236.0 263.8 266.9 279.2


FISHING 132.3 126.2 113.4 99.6


MANUFACTURING 207.5 222.6 236.1 348.4


CONSTRUCTION 101.7 111.2 111.1 115.6







Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0

AGRICULTURE 10.3 10.8 10.3 9.9


FISHING 5.8 5.2 4.4 3.5











Table 5.4A: Gross Domestic Product By Industry in Current Basic Prices- Percentage Distribution


68

BELIZE




Private 2,063.9 2,138.5 2,154.6 2,135.3





GOODS AND NON-FACTOR SERVICES -340.9 -226.9 -241.7 54.4



Discrepancy 1 4.6 -19.8 73.2 7.2




Private 77.4 75.1 71.6 65.2








Discrepancy 1 0.2 -0.7 2.4 0.2



69

BELIZE

BZ$MnEXPENDITURE GROUPS 2003 2004 2005 2006



Private 1,528.8 1,584.1 1,596.0 1,581.7








Discrepancy 1 3.4 -14.7 54.2 5.3

1 - negative figure indicates expenditure approach yields a higher estimate of GDP than the production approach



-500

0

500

1000

1500

2000

2500





EC

$Mn


0

500

1000

1500

2000

2500

3000





EC

$Mn

70

DOMINICA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 566.0 583.3 602.7 626.7

AGRICULTURE 100.9 104.4 104.0 107.5


MANUFACTURING 46.4 47.7 47.9 46.9


CONSTRUCTION 42.3 43.7 45.2 49.0



TRANSPORT 50.4 55.5 55.6 59.4


BANKS & INSURANCE 66.2 69.6 76.1 80.6



OTHER SERVICES 10.0 10.3 10.9 11.3

LESS: FISIM 50.6 54.9 56.1 60.0


Industry 2003 2004 2005 2006

TOTAL 0.1 3.0 3.3 4.0

AGRICULTURE -3.4 3.5 -0.4 3.4


MANUFACTURING 0.9 2.8 0.4 -2.0




HOTELS & RESTAURANTS -3.1 11.7 6.5 15.0

TRANSPORT 6.3 10.0 0.3 6.7

COMMUNICATIONS -26.5 3.5 8.5 5.3



GOVERNMENT SERVICES -2.0 -0.7 -0.4 1.5

OTHER SERVICES -1.9 2.7 6.3 3.1

LESS: FISIM -16.0 8.4 2.2 7.0




73

DOMINICA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 415.6 428.2 442.5 460.1

AGRICULTURE 73.5 76.1 75.8 78.3


MANUFACTURING 26.7 27.4 27.5 27.0


CONSTRUCTION 30.0 30.9 32.0 34.7



TRANSPORT 39.0 42.9 43.1 46.0


BANKS & INSURANCE 55.2 58.1 63.4 67.2




LESS: FISIM 44.4 48.2 49.2 52.6



-4.0

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

2003 2004 2005 2006

Perc

ent


74

DOMINICA

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0

AGRICULTURE 17.7 17.8 17.1 17.0







TRANSPORT 9.4 10.0 9.7 10.0


BANKS & INSURANCE 13.3 13.6 14.3 14.6




LESS: FISIM 10.7 11.2 11.1 11.4


Fig.6.2: GVA By Industry in Constant 1990 Basic Prices - Percentage Distribution, 2003

17.7

13.7

8.6

13.3

20.9

25.8

AGRICULTURE W/SALE & RETAIL TRADE COMMUNICATIONS BANKS & INSURANCE GOVERNMENT SERVICESOTHER SECTORS

Fig. 6.3: GVA By Industry in Constant 1990 Basic Prices - Percentage

Distribution, 2006

17.0

13.9

9.2

14.6

19.0

26.3

AGRICULTURE W/SALE & RETAIL TRADE COMMUNICATIONS BANKS & INSURANCE GOVERNMENT SERVICESOTHER SECTORS

75

DOMINICA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 581.1 611.4 641.3 671.1

AGRICULTURE 106.2 114.5 115.2 118.4


MANUFACTURING 46.5 50.8 51.9 52.6


CONSTRUCTION 46.0 50.7 56.1 62.0



TRANSPORT 48.8 54.9 56.6 63.3


BANKS & INSURANCE 65.6 69.1 76.2 80.8



OTHER SERVICES 10.4 10.9 11.8 12.4

LESS: FISIM 48.3 52.4 53.5 57.3

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0

AGRICULTURE 18.3 18.7 18.0 17.6







TRANSPORT 8.4 9.0 8.8 9.4


BANKS & INSURANCE 11.3 11.3 11.9 12.0




LESS: FISIM 8.3 8.6 8.3 8.5

Table 6.3 : Gross Value Added By Industry in Current Basic Prices


76

DOMINICA

Industry 2003 2004 2005 2006

TOTAL 1.0 5.2 4.9 4.7




ELECTRICITY & WATER 0.0 6.6 5.0 -7.0

CONSTRUCTION 17.6 10.1 10.7 10.5


HOTELS & RESTAURANTS -2.7 17.3 6.5 15.0

TRANSPORT 7.8 12.5 3.1 11.7




GOVERNMENT SERVICES -3.9 -3.2 2.1 4.0

OTHER SERVICES -0.4 5.0 8.1 5.0

LESS: FISIM -6.2 8.4 2.2 7.0



-2.0

0.0

2.0

4.0

6.0

8.0

10.0

2003 2004 2005 2006

Perc

ent

TOTAL AGRICULTURE

MANUFACTURING SERVICES

77

DOMINICA

EC$Mn




Private 502.8 538.2 604.2 595.0 General Government 135.1 139.7 151.9 161.1


Land Development - - - - Transport Equipment 24.0 26.6 42.5 38.9 Other Equipment 50.1 65.9 63.3 68.9 Construction 103.6 117.5 126.3 139.5 Increase in Stocks - - - -


Exports of Goods 110.0 115.9 115.9 119.5 Exports of Non-Factor Services 209.0 236.4 233.4 270.5 Imports of Goods 304.0 345.0 394.0 396.6 Imports of Non Factor Services 120.8 125.1 135.5 140.4



0

100

200

300

400

500

600

700

800

2003 2004 2005 2006

$EC

Mn


78

DOMINICA




Private 70.8 69.9 74.8 69.5 General Government 19.0 18.1 18.8 18.8


Land Development - - - - Transport Equipment 3.4 3.5 5.3 4.5 Other Equipment 7.1 8.6 7.8 8.0 Construction 14.6 15.3 15.6 16.3 Increase in Stocks - - - -


Exports of Goods 15.5 15.0 14.3 14.0 Exports of Non-Factor Services 29.4 30.7 28.9 31.6 Imports of Goods 42.8 44.8 48.8 46.3 Imports of Non Factor Services 17.0 16.3 16.8 16.4

Table 6.4A: Expenditure on Gross Domestic Product in Current Prices -Percentage Distribution


-200

-100

0

100

200

300

400

500

600

700

800





EC

$Mn


-200

0

200

400

600

800

1000





EC

$Mn

79

80

GRENADA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 1011.8 954.1 1059.3 1034.3

AGRICULTURE 83.2 77.0 45.2 57.9


MANUFACTURING 59.6 49.9 58.3 56.7


CONSTRUCTION 99.8 105.4 193.1 134.9



TRANSPORT 135.8 149.6 179.2 154.2


BANKS & INSURANCE 108.9 110.0 108.7 110.0



OTHER SERVICES 103.8 106.4 116.4 122.1

LESS: FISIM 86.0 91.0 91.5 90.4


Industry 2003 2004 2005 2006

TOTAL 7.1 -5.7 11.0 -2.4

AGRICULTURE 2.0 -7.5 -41.2 28.1


MANUFACTURING -2.5 -16.3 16.9 -2.8


CONSTRUCTION 26.0 5.7 83.1 -30.1

W/SALE & RETAIL TRADE 7.4 -19.9 33.3 -16.7

HOTELS & RESTAURANTS 13.8 -13.1 -42.5 50.6

TRANSPORT 7.5 10.1 19.8 -14.0

COMMUNICATIONS 1.9 -16.6 25.4 6.1

BANKS & INSURANCE 8.0 1.0 -1.1 1.2

REAL ESTATE & HOUSING 1.5 -10.0 -4.3 10.0

GOVERNMENT SERVICES 2.9 2.5 -4.5 5.5


LESS: FISIM 8.0 5.9 0.5 -1.3




83

GRENADA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 783.0 738.2 819.7 800.3

AGRICULTURE 67.7 62.7 36.8 47.2


MANUFACTURING 52.1 43.6 51.0 49.6


CONSTRUCTION 67.5 71.4 130.7 91.3



TRANSPORT 94.8 104.4 125.1 107.6


BANKS & INSURANCE 85.2 86.0 85.1 86.1



OTHER SERVICES 80.0 82.0 89.7 94.1

LESS: FISIM 71.1 75.4 75.7 74.8



-50.0

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

2003 2004 2005 2006

Perc

ent


84

GRENADA

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0








TRANSPORT 12.1 14.1 15.3 13.4


BANKS & INSURANCE 10.9 11.7 10.4 10.8



OTHER SERVICES 10.2 11.1 10.9 11.8

LESS: FISIM 9.1 10.2 9.2 9.3


Fig 7.2: GVA by Industry in Constant 1990 Basic Prices - Percentage

Distribution, 2003

10.4

12.1

10.9

10.9

12.8

42.9

W/SALE & RETAIL TRADE TRANSPORT COMMUNICATIONS BANKS & INSURANCE GOVERNMENT SERVICESOTHER SECTORS

.

Fig 7.3: GVA By Industry in Constant 1990 Basic Prices - Percentage

Distribution, 2006

9.1

13.4

11.9

10.8

12.942.0

W/SALE & RETAIL TRADE TRANSPORT COMMUNICATIONS BANKS & INSURANCE GOVERNMENT SERVICESOTHER SECTORS

85

GRENADA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 1062.8 1047.1 1224.6 1242.7

AGRICULTURE 94.3 81.3 57.8 71.6


MANUFACTURING 60.7 53.0 64.3 65.7


CONSTRUCTION 102.3 109.7 226.4 172.5



TRANSPORT 132.7 148.2 184.6 178.0


BANKS & INSURANCE 115.5 116.7 115.3 117.9



OTHER SERVICES 118.5 126.4 144.8 157.5

LESS: FISIM 91.7 97.1 97.6 103.6

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0





CONSTRUCTION 9.6 10.5 18.5 13.9



TRANSPORT 12.5 14.2 15.1 14.3





OTHER SERVICES 11.2 12.1 11.8 12.7

LESS: FISIM 8.6 9.3 8.0 8.3


Table 7.3: Gross Value Added By Industry in Current Basic Prices

86

GRENADA

Industry 2003 2004 2005 2006

TOTAL 8.5 -1.5 17.0 1.5

AGRICULTURE 1.7 -13.7 -28.9 23.8


MANUFACTURING -2.6 -12.6 21.4 2.1


CONSTRUCTION 26.5 7.2 106.4 -23.8

W/SALE & RETAIL TRADE 9.7 -18.0 37.8 -6.0

HOTELS & RESTAURANTS 16.3 -11.1 -40.1 72.0

TRANSPORT 8.0 11.7 24.5 -3.6

COMMUNICATIONS -3.7 -11.0 25.4 1.0

BANKS & INSURANCE 15.8 1.0 -1.1 2.2

REAL ESTATE & HOUSING 3.7 -10.0 -1.9 12.7



LESS: FISIM 14.4 5.9 0.5 6.2



-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

2003 2004 2005 2006

Perc

ent


87

GRENADA

EC$Mn




Private 953.6 857.7 1,146.2 1,242.7



Public 160.8 88.1 117.2 162.9

Private 339.8 424.6 636.3 413.0



Exports of Goods 123.0 101.3 88.7 84.8

Exports of Non Factor Services 361.8 424.6 313.2 351.1

Imports of Goods 604.5 600.0 793.7 710.2




0

200

400

600

800

1000

1200

1400

2003 2004 2005 2006

$EC

Mn


88

GRENADA




Private 73.5 67.7 76.6 81.5



Public 12.4 7.0 7.8 10.7

Private 26.2 33.5 42.5 27.1




Exports of Non Factor Services 27.9 33.5 20.9 23.0

Imports of Goods 46.6 47.3 53.1 46.6




-600

-400

-200

0

200

400

600

800

1000

1200

1400





EC

$Mn


-1000

-500

0

500

1000

1500

2000





EC

$Mn

89

90

GUYANA

EC$Mn Industry 2003 2004 2005 2006

TOTAL 1,656.9 1,683.1 1,650.3 1,734.9

AGRIC., FORESTRY & FISHING 541.4 558.7 482.1 513.7


MANUF. & PROCESSING 131.6 131.6 147.3 154.8

CONSTRUCTION & ENGIN. 82.5 85.8 93.9 105.3

DISTRIBUTION 68.8 70.1 80.7 88.8

TRANSPORT & COMMUNICATION 145.0 150.2 164.3 180.9

RENTAL OF DWELLINGS 68.7 69.4 73.7 80.9

FINANCIAL SERVICES 59.1 59.7 63.6 68.7

GOVERNMENT 290.5 293.9 299.8 305.6

OTHER SERVICES 1 29.2 29.6 31.7 34.3

STATISTICAL DISCREPANCY 2 12.4 21.2 38.1 64.8

Industry 2003 2004 2005 2006

TOTAL -0.7 1.6 -2.0 5.1

AGRIC., FORESTRY & FISHING -1.7 3.2 -13.7 6.6

MINING & QUARRYING -8.7 -6.5 -17.8 -21.7

MANUF. & PROCESSING -2.1 0.0 12.0 5.1


DISTRIBUTION -2.5 1.9 15.0 10.0




GOVERNMENT 0.6 1.2 2.0 1.9

OTHER SERVICES 1 2.8 1.4 7.0 8.0

Note: 1 includes Electricity and Gas


Table 8.1: Gross Domestic Product By Industry at Factor Cost in Constant 2000 Prices

Table 8.1A Gross Domestic Product By Industry at Factor Cost in Constant 2000 Prices- Percentage Change

Notes:1 includes Electricity and Gas

93

GUYANA

G$Mn

Industry 2003 2004 2005 2006

TOTAL 5,500.0 5,587.0 5,478.0 5,758.7

AGRIC., FORESTRY & FISHING 1,916.0 1,977.0 1,706.0 1,817.8




DISTRIBUTION 412.0 420.0 483.0 531.5




GOVERNMENT 686.0 694.0 708.0 721.8

OTHER SERVICES 1 210.0 213.0 228.0 246.2


Table 8.2: Gross Domestic Product By Industry at Factor Cost in Constant 1988 Prices

Fig 8.1: GDP by Industry at Factor Cost in Constant 2000 Prices - Percentage Change(Based on EC$Mn)

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

2003 2004 2005 2006

Perc

ent

TOTAL AGRIC., FORESTRY & FISHING MANUF. & PROCESSING SERVICES

94

GUYANA

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0





DISTRIBUTION 7.5 7.5 8.8 9.2




GOVERNMENT 12.5 12.4 12.9 12.5



Table 8.2A: Gross Domestic Product By Industry at Factor Cost in Constant 1988 Prices - Percentage Distribution

Fig 8.2: GDP by Industry at Factor Cost in Constant 1988 Prices - Percentage

Distribution, 2003

34.8

10.1

5.6

10.1

12.5

26.9

AGRIC., FORESTRY & FISHING MINING & QUARRYINGMANUF. & PROCESSINGTRANSPORT & COMMUNICATIONGOVERNMENTOTHER

Fig 8.3: GDP by Industry at Factor Cost in Constant 1988 Prices - Percentage

Distribution, 2006

31.6

5.8

6.3

12.0

12.531.8

AGRIC., FORESTRY & FISHING MINING & QUARRYINGMANUF. & PROCESSINGTRANSPORT & COMMUNICATIONGOVERNMENTOTHER

95

GUYANA

G$MnIndustry 2003 2004 2005 2006

TOTAL 123,261.0 130,533.0 137,786.0 154,001.0


MINING & QUARRYING 15,930.0 15,786.0 14,031.0 15,009.0

MANUF. & PROCESSING 11,388.0 12,577.0 11,178.0 13,324.0

CONSTRUCTION & ENGIN. 6,199.0 6,840.0 8,388.0 9,790.0

DISTRIBUTION 4,996.0 5,407.0 7,026.0 8,054.0

TRANSPORT & COMMUNICATION 11,502.0 12,630.0 15,213.0 17,438.0

RENTAL OF DWELLINGS 5,087.0 5,506.0 6,389.0 7,323.0

FINANCIAL SERVICES 4,400.0 4,715.0 5,473.0 6,159.0

GOVERNMENT 22,809.0 23,836.0 25,528.0 27,132.0

OTHER SERVICES 1 2,201.0 2,372.0 2,894.0 3,257.0


Industry 2003 2004 2005 2006

TOTAL 4.7 5.9 5.6 11.8


MINING & QUARRYING -9.9 -0.9 -11.1 7.0

MANUF. & PROCESSING 9.4 10.4 -11.1 19.2


DISTRIBUTION -0.6 8.2 29.9 14.6




GOVERNMENT 6.3 4.5 7.1 6.3

OTHER SERVICES 1 7.7 7.8 22.0 12.5


Table 8.3: Gross Domestic Product By Industry at Factor Cost in Current Prices

Table 8.3A: Gross Domestic Product By Industry at Factor Cost in Current Prices - Percentage Change

96

GUYANA

Fig 8.5: GDP by Industry at Factor Cost in Current and Constant 1988 Prices

0

20

40

60

80

100

120

140

160

180

2003 2004 2005 2006

G$B

n

CONSTANT 1988 MARKET PRICES CURRENT MARKET PRICES

Fig 8.4: GDP by Industry at Factor Cost in Current Prices - Percentage Change (Based on $G Mn)

0.0

5.0

10.0

15.0

20.0

25.0

2003 2004 2005 2006

Perc

ent

TOTAL AGRIC., FORESTRY & FISHING CONSTRUCTION & ENGIN. SERVICES

97

GUYANA

EC$MnIndustry 2003 2004 2005 2006

TOTAL 1,703.7 1,764.0 1,861.3 2,067.8





DISTRIBUTION 69.1 73.1 94.9 108.1




GOVERNMENT 315.3 322.1 344.8 364.3

OTHER SERVICES 1 30.4 32.1 39.1 43.7


Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0





DISTRIBUTION 4.1 4.1 5.1 5.2




GOVERNMENT 18.5 18.3 18.5 17.6



Table 8.4A: Gross Domestic Product By Industry at Factor Cost in Current Prices - Percentage Distribution

Table 8.4: Gross Domestic Product By Industry at Factor Cost in Current Prices

98

GUYANA




Private 989.9 1,150.0 1,634.6 1,604.4

Government 524.2 509.9 599.4 594.6

GROSS CAPITAL FORMATION 697.6 676.3 720.1 1,112.0

Gross Fixed Capital Formation … … … …

Changes in Inventory … … … …





Private 49.7 54.4 73.3 65.3

Government 26.3 24.1 26.9 24.2







99

GUYANA

G$MnEXPENDITURE GROUPS 2003 2004 2005 2006



Private 71,615.0 85,100.0 121,006.0 119,487.0

Government 37,928.0 37,732.0 44,374.0 44,284.0




GOODS AND NON-FACTOR SERVICES -15,952.0 -16,520.0 -53,662.0 -63,506.0



-40

-20

0

20

40

60

80

100

120

140

160





G$B

n


-100

-50

0

50

100

150

200





G$B

n

100

JAMAICA

EC$Mn Industry 2003 2004 2005 2006

TOTAL 22,452.8 22,765.5 22,999.9 23,623.3


MINING & QUARRYING 953.8 975.0 1,002.4 1,014.6

MANUFACTURING 2,631.1 2,668.4 2,551.3 2,492.3


CONSTRUCT. & INSTALLATION 2,012.9 2,182.9 2,346.0 2,300.9

DISTRIBUTIVE TRADE 4,263.4 4,351.7 4,442.0 4,611.3

T/PORT, COMM. & STORAGE 2,675.9 2,713.5 2,737.4 2,858.8

FINANCE & INSUR. SERVICES 1,961.4 2,007.5 2,004.4 2,037.5

REAL ESTATE & BUS. SERVICES 1,253.8 1,277.9 1,295.5 1,319.3

PRODUCERS OF GOV'T SERVICES 2,570.5 2,574.4 2,581.0 2,607.2

MISCELLANEOUS SERVICES 1,625.9 1,669.4 1,719.3 1,792.6

H/HOLD & PRIVATE NPIs 117.8 118.0 118.4 121.6

LESS: IMPUTED SERVICE CHARGES 1,281.9 1,302.1 1,298.0 1,307.7

STATISTICAL DISCREPANCY 1 1,507.9 1,528.4 1,553.4 1,613.6

Industry 2003 2004 2005 2006

TOTAL 3.5 1.4 1.0 2.7

AGRIC., FORESTRY & FISHING 7.0 -11.2 -6.8 16.2


MANUFACTURING -0.5 1.4 -4.4 -2.3


CONSTRUCT. & INSTALLATION 5.0 8.4 7.5 -1.9

DISTRIBUTIVE TRADE 2.2 2.1 2.1 3.8

T/PORT, COMM. & STORAGE 4.0 1.4 0.9 4.4

FINANCE & INSUR. SERVICES 6.8 2.4 -0.2 1.7


PRODUCERS OF GOV'T SERVICES 0.2 0.2 0.3 1.0

MISCELLANEOUS SERVICES 4.7 2.7 3.0 4.3


LESS: IMPUTED SERVICE CHARGES -2.9 1.6 -0.3 0.7

Table 9.1: Gross Domestic Product By Industry in Constant 2000 Producers' Prices

Table 9.1A: Gross Domestic Product By Industry in Constant 2000 Producers' Prices - Percentage Change


103

JAMAICA

J$MnIndustry 2003 2004 2005 2006

TOTAL 476,745.9 483,385.8 488,363.0 501,599.2



MANUFACTURING 45,597.4 46,245.2 44,214.6 43,192.8

ELECTRICITY & WATER 15,782.4 15,761.8 16,416.4 16,949.3








H/HOLD & PRIVATE NPIs 3,596.8 3,600.4 3,612.6 3,712.9


Table 9.2: Gross Domestic Product By Industry in Constant 2003 Producers' Prices

Fig 9.1: Gross Domestic Product by Industry in Constant 2000 Producers' Prices - Percentage Change (Based on EC$Mn)

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

2003 2004 2005 2006

Perc

ent

TOTAL AGRIC., FORESTRY & FISHING MANUFACTURING SERVICES

104

JAMAICA

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0





CONSTRUCT. & INSTALLATION 7.8 8.3 8.8 8.4



FINANCE & INSUR. SERVICES 11.1 11.2 11.1 11.0





LESS: IMPUTED SERVICE CHARGES 5.3 5.3 5.2 5.1

Table 9.2A: Gross Domestic Product By Industry in Constant 2003 Producers' Prices - Percentage Distribution

Fig 9.2: GDP By Industry in Constant 2003 Producers' Prices: - Percentage

Distribution, 2003

9.67.8

23.6

11.9

12.2

35.0

MANUFACTURING CONSTRUCT. & INSTALLATION DISTRIBUTIVE TRADE T/PORT, COMM. & STORAGE PRODUCERS OF GOV'T SERVICESOTHER

Fig 9.3: GDP By Industry in Constant 2003 Producers' Prices: - Percentage Distribution,

2006

8.6

8.4

24.2

12.1

11.7

34.9

MANUFACTURING CONSTRUCT. & INSTALLATION DISTRIBUTIVE TRADE T/PORT, COMM. & STORAGE PRODUCERS OF GOV'T SERVICESOTHER

105

JAMAICA

J$MnIndustry 2003 2004 2005 2006

TOTAL 542,703.4 620,233.0 694,537.4 788,178.8



MANUFACTURING 45,597.4 51,469.7 54,456.0 60,172.5









H/HOLD & PRIVATE NPIs 3,596.8 3,927.8 4,663.3 5,204.6


ADD: VALUE ADDED TAX 65,957.5 78,424.7 86,140.5 98,293.8

Industry 2003 2004 2005 2006

TOTAL 32.3 14.3 12.0 13.5



MANUFACTURING -12.1 12.9 5.8 10.5


CONSTRUCT. & INSTALLATION -4.3 23.9 14.0 8.4









ADD: VALUE ADDED TAX 148.1 18.9 9.8 14.1

Table 9.3: Gross Domestic Product By Industry in Current Purchasers' Prices

Table 9.3A: Gross Domestic Product By Industry in Current Purchasers' Prices - Percentage Change

106

JAMAICA

Fig 9.5: GDP by Industry in Current Purchasers' and Constant 2003 Producers' Prices

0

100

200

300

400

500

600

700

800

900

2003 2004 2005 2006

J$ B

n

CONSTANT 2003 PRODUCERS' PRICES CURRENT PURCHASERS' PRICES

Fig 9.4: GDP by Industry in Current Purchasers' Prices - Percentage Change (Based on J$Mn)

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

2003 2004 2005 2006

Perc

ent

TOTAL AGRIC., FORESTRY & FISHING MANUFACTURING SERVICES

107

JAMAICA

EC$MnIndustry 2003 2004 2005 2006

TOTAL 25,159.7 27,457.4 30,250.9 32,309.2


MINING & QUARRYING 891.7 1,041.8 1,093.5 1,121.1

MANUFACTURING 2,113.9 2,278.5 2,371.9 2,466.6

ELECTRICITY & WATER 731.7 809.7 971.5 1,064.2










ADD: VALUE ADDED TAX 3,057.8 3,471.8 3,751.9 4,029.3

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0





CONSTRUCT. & INSTALLATION 6.8 7.4 7.5 7.2









ADD: VALUE ADDED TAX 12.2 12.6 12.4 12.5

Table 9.4A: Gross Domestic Product By Industry in Current Purchasers' Prices - Percentage Distribution

Table 9.4: Gross Domestic Product By Industry in Current Purchasers' Prices

108

JAMAICA

EC$Mn


GROSS DOMESTIC PRODUCT (Current Purchasers' Prices) 25,159.7 27,457.4 30,250.9 32,309.1

FINAL CONSUMPTION 22,301.1 24,086.5 27,604.5 29,563.8

Private 18,835.3 20,677.4 23,417.4 25,074.6

Government 3,465.8 3,409.2 4,187.1 4,489.1








GROSS DOMESTIC PRODUCT (Current Purchasers' Prices) 100.0 100.0 100.0 100.0

FINAL CONSUMPTION 88.6 87.7 91.3 91.5

Private 74.9 75.3 77.4 77.6

Government 13.8 12.4 13.8 13.9







Table 9.5: Expenditure on Gross Domestic Product in Current Purchasers' Prices

Table 9.5A: Expenditure on Gross Domestic Product in Current Purchasers' Prices - Percentage Distribution

109

JAMAICA

J$MnEXPENDITURE GROUPS 2003 2004 2005 2006

GROSS DOMESTIC PRODUCT (Current Purchasers' Prices) 542,703.4 620,233.2 694,537.5 788,178.7

FINAL CONSUMPTION 481,043.6 544,087.4 633,778.4 721,205.4

Private 406,285.1 467,078.4 537,645.3 611,693.4

Government 74,758.5 77,009.0 96,133.1 109,512.0



Increase in Stocks 896.2 578.3 64.0 2,708.1




Table 9.6: Expenditure on Gross Domestic Product in Current Purchasers' Prices


-200

-100

0

100

200

300

400

500

600





J$B

n


-400

-200

0

200

400

600

800

1000





J$B

n

110

MONTSERRAT

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 78.9 82.4 82.1 79.0





CONSTRUCTION 12.0 12.3 12.4 8.2



TRANSPORT 6.7 6.9 6.9 7.5






LESS: FISIM 6.6 6.7 8.0 8.3


Industry 2003 2004 2005 2006

TOTAL -0.9 4.5 -0.3 -3.8

AGRICULTURE -0.8 -18.6 -12.5 15.5




CONSTRUCTION -15.7 2.4 1.1 -33.8

W/SALE & RETAIL TRADE -3.4 0.4 2.8 -1.7

HOTELS & RESTAURANTS -31.6 33.8 31.0 -7.9

TRANSPORT 6.8 3.2 -0.2 9.3

COMMUNICATIONS -1.4 1.6 -1.8 0.8

BANKS & INSURANCE 8.8 10.2 9.4 -3.3



OTHER SERVICES -0.6 8.6 4.8 -0.6

LESS: FISIM -3.4 1.8 18.0 4.2




113

MONTSERRAT

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 58.2 60.8 60.6 58.3





CONSTRUCTION 11.0 11.3 11.4 7.6



TRANSPORT 4.4 4.6 4.5 5.0






LESS: FISIM 5.1 5.2 6.2 6.4



-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

50.0

2003 2004 2005 2006

Perc

ent


114

MONTSERRAT

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0





CONSTRUCTION 15.2 14.9 15.1 10.4



TRANSPORT 8.5 8.4 8.4 9.5


BANKS & INSURANCE 11.0 11.6 12.7 12.8




LESS: FISIM 8.4 8.2 9.7 10.5



Distribution, 2003

15.2

4.6

11.0

14.0

34.0

21.1

CONSTRUCTION COMMUNICATIONS BANKS & INSURANCE REAL ESTATE & HOUSING GOVERNMENT SERVICESOTHER SECTORS


Distribution, 2006

10.4

4.7

12.8

15.3

35.5

21.3

CONSTRUCTION COMMUNICATIONS BANKS & INSURANCE REAL ESTATE & HOUSING GOVERNMENT SERVICESOTHER SECTORS

115

MONTSERRAT

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 89.4 94.6 98.7 104.8





CONSTRUCTION 12.7 13.2 13.4 9.2



TRANSPORT 7.2 7.7 8.1 8.8


BANKS & INSURANCE 9.2 10.1 11.0 10.7




LESS: FISIM 7.1 7.2 8.5 8.9

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0

AGRICULTURE 1.5 1.2 1.0 1.2 MINING & QUARRYING 0.1 0.1 0.2 0.6 MANUFACTURING 0.7 0.7 0.9 0.8 ELECTRICITY & WATER 7.2 7.1 7.5 7.3 CONSTRUCTION 14.2 13.9 13.5 8.8 W/SALE & RETAIL TRADE 4.7 4.7 4.7 4.5 HOTELS & RESTAURANTS 0.8 1.0 1.2 1.1 TRANSPORT 8.1 8.2 8.2 8.4 COMMUNICATIONS 4.1 3.9 3.7 3.5 BANKS & INSURANCE 10.3 10.7 11.2 10.2 REAL ESTATE & HOUSING 13.6 13.6 13.6 13.8 GOVERNMENT SERVICES 34.7 34.5 34.6 40.7 OTHER SERVICES 8.0 8.2 8.2 7.7LESS: FISIM 7.9 7.6 8.6 8.5

Table 10.3: Gross Value Added By Industry, in Current Basic Prices


116

MONTSERRAT

Industry 2003 2004 2005 2006

TOTAL 1.9 5.8 4.4 6.2

AGRICULTURE 3.1 -17.0 -8.0 18.4




CONSTRUCTION -13.4 3.9 1.2 -31.2

WHOLESALE & RETAIL TRADE -2.1 4.3 5.9 0.2


TRANSPORT 9.9 6.6 4.5 9.7


BANKS & INSURANCE 13.3 10.0 9.4 -3.4



OTHER SERVICES -0.6 8.7 4.8 -0.6

LESS: FISIM 1.6 1.8 18.0 4.2

Table 10.3B: Gross Value Added By Industry, in Current Basic Prices - Percentage Change


-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

50.0

2003 2004 2005 2006

Perc

ent


117

MONTSERRAT

EC$Mn




Private 71.2 80.8 108.6 91.8



Transportation Equipment 6.1 2.4 1.8 1.3

Other Equipment 15.1 10.7 4.5 6.2

Construction 34.4 35.8 36.3 25.0




Exports of NFS 32.3 40.2 40.0 39.8

Imports of Goods 67.5 68.3 70.7 71.8

Imports of NFS 50.0 62.7 69.5 46.7



0

20

40

60

80

100

120

2003 2004 2005 2006

$EC

Mn


118

MONTSERRAT




Private 69.6 73.0 93.3 75.7



Transportation Equipment 6.0 2.2 1.5 1.1


Construction 33.7 32.4 31.2 20.6




Exports of NFS 31.6 36.3 34.4 32.9

Imports of Goods 66.0 61.7 60.8 59.2

Imports of NFS 48.9 56.6 59.7 38.6



-100

-80

-60

-40

-20

0

20

40

60

80

100

120





EC

$Mn


-100

-50

0

50

100

150





EC

$Mn

119

120

ST KITTS AND NEVIS

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 766.0 822.1 858.0 892.3

AGRICULTURE 23.1 25.8 25.1 19.8


MANUFACTURING 81.3 84.3 86.9 83.2


CONSTRUCTION 105.4 106.7 107.9 117.6



TRANSPORT 60.5 81.1 82.3 83.2


BANKS & INSURANCE 121.0 141.9 154.9 165.3



OTHER SERVICES 35.2 36.3 38.2 40.7

LESS: FISIM 49.0 58.3 63.0 66.2


Industry 2003 2004 2005 2006

TOTAL -1.2 7.3 4.4 4.0

AGRICULTURE -12.4 11.7 -2.5 -21.2

MINING & QUARRYING -46.3 9.9 4.0 7.7

MANUFACTURING -0.2 3.8 3.0 -4.2


CONSTRUCTION -12.6 1.3 1.1 9.0

W/SALE & RETAIL TRADE 4.7 -1.3 2.1 8.6


TRANSPORT -0.5 34.1 1.5 1.0






LESS: FISIM 1.2 19.0 8.1 5.0




123

ST KITTS AND NEVIS

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 555.5 596.2 622.2 647.1

AGRICULTURE 27.5 30.8 30.0 23.6


MANUFACTURING 73.2 76.0 78.3 75.0


CONSTRUCTION 88.6 89.7 90.7 98.9



TRANSPORT 45.7 61.2 62.1 62.8


BANKS & INSURANCE 72.6 85.2 93.0 99.2



OTHER SERVICES 23.7 24.5 25.8 27.4

LESS: FISIM 49.5 58.9 63.7 66.9



-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

2003 2004 2005 2006

Perc

ent


124

ST KITTS AND NEVIS

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0



MANUFACTURING 13.2 12.7 12.6 11.6


CONSTRUCTION 16.0 15.1 14.6 15.3



TRANSPORT 8.2 10.3 10.0 9.7


BANKS & INSURANCE 13.1 14.3 14.9 15.3




LESS: FISIM 8.9 9.9 10.2 10.3



Distribution: 2003

13.216.0

12.7

13.1

15.9

29.2

MANUFACTURING CONSTRUCTION W/SALE & RETAIL TRADE BANKS & INSURANCE GOVERNMENT SERVICESOTHER

Fig 11.3: GVA by Industry in Constant 1990 Basic Prices -

Percentage Distribution: 2006

11.615.3

11.9

15.3

15.0

30.9

MANUFACTURING CONSTRUCTION W/SALE & RETAIL TRADE BANKS & INSURANCE GOVERNMENT SERVICESOTHER

125

ST KITTS AND NEVIS

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 813.1 895.0 979.3 1061.2

AGRICULTURE 25.1 28.5 30.1 28.8


MANUFACTURING 84.9 89.1 94.5 95.8


CONSTRUCTION 119.8 131.0 133.1 151.4



TRANSPORT 64.6 88.5 97.3 110.2


BANKS & INSURANCE 131.3 146.7 182.7 197.2



OTHER SERVICES 38.2 39.5 42.0 47.1

LESS: FISIM 64.7 86.5 97.1 109.2

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0





CONSTRUCTION 14.7 14.6 13.6 14.3



TRANSPORT 7.9 9.9 9.9 10.4


BANKS & INSURANCE 16.1 16.4 18.7 18.6




LESS: FISIM 8.0 9.7 9.9 10.3



126

ST KITTS AND NEVIS

Industry 2003 2004 2005 2006

TOTAL 1.4 10.1 9.4 8.4

AGRICULTURE -7.0 13.9 5.5 -4.5

MINING & QUARRYING -33.0 9.9 3.5 13.2



CONSTRUCTION -12.7 9.4 1.6 13.8



TRANSPORT 1.2 37.2 9.8 13.3






LESS: FISIM 17.2 33.8 12.2 12.5


Figure 11.4: GVA by Industry in Current Basic Prices - Percentage Change

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

2003 2004 2005 2006

Perc

ent


127

ST KITTS AND NEVIS

EC$Mn




Private 594.1 518.0 595.9 822.7


GROSS FIXED CAPITAL FORMATION 445.4 472.3 501.4 498.7

Land Development - - - -

Transport Equipment 40.3 25.4 32.2 38.8

Other Equipment 114.8 129.4 146.6 110.2

Construction 290.4 317.5 322.6 349.8


Exports of Goods 153.8 158.6 171.3 157.2

Exports of NFS 291.3 365.0 440.7 468.3

Imports of Goods 474.2 434.2 500.1 592.9

Imports of NFS 216.5 218.2 256.3 274.6


Fig 11.5: GVA at Factor Cost in Current and Constant 1990 Basic Prices

0

200

400

600

800

1000

1200

2003 2004 2005 2006

$EC

Mn


128

ST KITTS AND NEVIS




Private 60.8 48.0 50.3 62.4


GROSS FIXED CAPITAL FORMATION 45.6 43.8 42.3 37.8

Land Development 0.0 0.0 0.0 0.0

Transport Equipment 4.1 2.4 2.7 2.9


Construction 29.7 29.4 27.2 26.5


Exports of Goods 15.7 14.7 14.5 11.9

Exports of NFS 29.8 33.8 37.2 35.5

Imports of Goods 48.5 40.2 42.2 44.9

Imports of NFS 22.1 20.2 21.6 20.8



-400

-200

0

200

400

600

800

1000

1200





EC

$Mn


-400

-200

0

200

400

600

800

1000

1200

1400





EC

$Mn

129

130

SAINT LUCIA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 1617.5 1690.8 1755.4 1832.7

AGRICULTURE 75.9 73.8 55.5 60.9


MANUFACTURING 84.7 91.7 97.2 93.0


CONSTRUCTION 120.2 121.4 136.6 154.7



TRANSPORT 181.2 194.5 192.5 217.5

COMMUNICATIONS 139.9 146.3 157.1 158.7

BANKS & INSURANCE 152.7 160.2 174.1 212.1



OTHER SERVICES 71.2 71.6 73.0 75.8

LESS: FISIM 129.0 135.2 145.1 171.5


Industry 2003 2004 2005 2006

TOTAL 3.1 4.5 3.8 4.4

AGRICULTURE -15.7 -2.9 -24.7 9.8

MINING & QUARRYING 0.2 -2.2 -3.5 19.8


ELECTRICITY & WATER 1.9 1.9 -13.4 -8.6



HOTELS & RESTAURANTS 16.6 5.9 6.3 -2.7

TRANSPORT 4.3 7.3 -1.0 13.0






LESS: FISIM 1.6 4.8 7.4 18.2




133

SAINT LUCIA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 1234.6 1290.6 1339.9 1398.9

AGRICULTURE 56.7 55.1 41.5 45.5


MANUFACTURING 79.3 85.8 90.9 87.0


CONSTRUCTION 95.7 96.7 108.8 123.2



TRANSPORT 126.0 135.2 133.8 151.2

COMMUNICATIONS 135.4 141.7 152.1 153.6

BANKS & INSURANCE 131.9 138.4 150.4 183.2



OTHER SERVICES 54.3 54.6 55.6 57.8

LESS: FISIM 110.0 115.2 123.7 146.2



-30.0

-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

2003 2004 2005 2006

Perc

ent


134

SAINT LUCIA

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0








TRANSPORT 10.2 10.5 10.0 9.6


BANKS & INSURANCE 10.7 10.7 11.2 12.6




LESS: FISIM 8.9 8.9 9.2 10.7



Distribution, 2003

11.013.1

10.2

12.5

11.7

41.5

W/SALE & RETAIL TRADE HOTELS & RESTAURANTS TRANSPORT REAL ESTATE & HOUSING GOVERNMENT SERVICESOTHER SECTORS


Distribution, 2006

12.112.6

9.6

12.6

12.740.4

W/SALE & RETAIL TRADE HOTELS & RESTAURANTS TRANSPORT BANKS & INSURANCE GOVERNMENT SERVICESOTHER SECTORS

135

SAINT LUCIA

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 1666.8 1778.5 1903.0 2017.1

AGRICULTURE 85.0 91.7 74.8 80.8


MANUFACTURING 83.8 93.0 112.8 125.4


CONSTRUCTION 114.0 119.0 150.9 187.5



TRANSPORT 191.6 206.3 206.4 205.5

COMMUNICATIONS 140.4 147.7 161.0 165.2

BANKS & INSURANCE 169.6 178.9 194.6 201.4



OTHER SERVICES 82.1 85.0 85.7 89.2

LESS: FISIM 135.3 144.9 159.0 161.5

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0








TRANSPORT 11.5 11.6 10.8 10.2


BANKS & INSURANCE 10.2 10.1 10.2 10.0




LESS: FISIM 8.1 8.1 8.4 8.0



136

SAINT LUCIA

Industry 2003 2004 2005 2006

TOTAL 4.7 6.7 7.0 6.0

AGRICULTURE -9.7 7.8 -18.4 8.0

MINING & QUARRYING -0.3 -2.2 -3.7 20.1

MANUFACTURING 12.8 11.0 21.3 11.1

ELECTRICITY & WATER 8.5 11.5 -2.3 2.1

CONSTRUCTION -3.7 4.4 26.7 24.3


HOTELS & RESTAURANTS 17.8 7.4 10.5 -0.4

TRANSPORT 1.6 7.7 0.0 -0.4






LESS: FISIM 6.7 7.1 9.8 1.5



-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

2003 2004 2005 2006

Perc

ent


137

SAINT LUCIA

EC$Mn




Private 1477.9 1377.2 1551.9 2012.9



Transport Equiptment 46.6 64.9 91.9 168.6

Other Equiptment 91.1 101.6 115.6 122.3

Construction 270.7 285.3 343.7 445.4


Exports of Goods 193.8 260.0 239.7 260.9

Exports of NFS 859.5 991.3 1108.3 902.4

Imports of Goods 957.2 939.6 1128.9 1406.5

Imports of NFS 391.3 398.9 463.6 456.0


Fig 12.5: GVA at Factor Cost in Current and Constant 1990 Basic Prices

0

500

1000

1500

2000

2500

2003 2004 2005 2006

$EC

Mn


138

SAINT LUCIA




Private 73.7 63.9 67.6 81.7




Other Equiptment 4.5 4.7 5.0 5.0

Construction 13.5 13.2 15.0 18.1



Exports of NFS 42.8 46.0 48.3 36.6

Imports of Goods 47.7 43.6 49.2 57.1

Imports of NFS 19.5 18.5 20.2 18.5



-500

0

500

1000

1500

2000

2500

GDP PrivateConsumption




EC

$Mn


-1000

-500

0

500

1000

1500

2000

2500

3000

GDP PrivateConsumption




EC

$Mn

139

140


EC$Mn

Industry 2003 2004 2005 2006

TOTAL 807.4 862.3 884.6 952.1

AGRICULTURE 80.2 76.0 73.0 77.9


MANUFACTURING 46.0 47.5 48.2 49.8


CONSTRUCTION 96.7 110.9 111.4 124.6



TRANSPORT 121.9 134.3 133.3 156.7


BANKS & INSURANCE 63.8 65.7 72.5 76.5



OTHER SERVICES 17.3 18.4 20.2 21.0

LESS: FISIM 56.0 61.6 65.6 71.7


Industry 2003 2004 2005 2006

TOTAL 2.8 6.8 2.6 7.6

AGRICULTURE -2.2 -5.2 -3.9 6.8







TRANSPORT 7.8 10.1 -0.7 17.5






LESS: FISIM 8.5 10.0 6.5 9.3



Note: 1 Refers to statistical discrepancy which arose due to shifting of the base year from 1990 to a common base year across all MembStates, 2000.

143


EC$Mn

Industry 2003 2004 2005 2006

TOTAL 649.5 693.7 711.6 766.0

AGRICULTURE 72.0 68.3 65.6 70.0


MANUFACTURING 37.9 39.1 39.7 41.0


CONSTRUCTION 61.3 70.3 70.6 79.0



TRANSPORT 96.6 106.4 105.6 124.1


BANKS & INSURANCE 63.4 65.3 72.1 76.0



OTHER SERVICES 12.4 13.1 14.4 15.0

LESS: FISIM 56.2 61.8 65.9 72.0



-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

2003 2004 2005 2006

Perc

ent


144


Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0

AGRICULTURE 11.1 9.8 9.2 9.3







TRANSPORT 14.9 15.3 14.8 16.4






LESS: FISIM 8.7 8.9 9.3 9.5


Fig 13.2 GVA by Industry in Constant 1990 Basic Prices - Percentage Distribution, 2003

11.1

9.4

18.5

14.9

15.8

30.3

AGRICULTURE CONSTRUCTION W/SALE & RETAIL TRADE TRANSPORT GOVERNMENT SERVICESOTHER SECTORS

Fig 13.3: GVA by Industry in Constant 1990 Basic Prices - Percentage Distribution, 2006

9.3

10.3

19.4

16.4

15.2

29.4

AGRICULTURE CONSTRUCTION W/SALE & RETAIL TRADE TRANSPORT GOVERNMENT SERVICESOTHER SECTORS

145


EC$Mn

Industry 2003 2004 2005 2006

TOTAL 852.3 928.4 987.9 1084.6

AGRICULTURE 74.6 76.0 81.3 83.7


MANUFACTURING 49.6 54.3 59.4 52.7


CONSTRUCTION 100.7 117.2 119.6 154.9



TRANSPORT 118.4 131.1 132.7 155.9


BANKS & INSURANCE 81.2 92.8 115.9 119.8



OTHER SERVICES 17.6 18.7 20.5 21.9

LESS: FISIM 54.7 67.3 77.7 85.1

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0





CONSTRUCTION 11.8 12.6 12.1 14.3



TRANSPORT 13.9 14.1 13.4 14.4


BANKS & INSURANCE 9.5 10.0 11.7 11.0




LESS: FISIM 6.4 7.2 7.9 7.8



146


Industry 2003 2004 2005 2006

TOTAL 4.3 8.9 6.4 9.8

AGRICULTURE -7.4 1.8 6.9 3.0







TRANSPORT 5.4 10.7 1.3 17.5


BANKS & INSURANCE 29.7 14.2 24.9 3.4




LESS: FISIM 5.9 23.0 15.5 9.5



-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

2003 2004 2005 2006

Perc

ent


147


EC$Mn



TOTAL CONSUMPTION 873.3 1,012.6 1,065.9 1,187.2

Private 671.6 791.5 831.8 938.9




Other Machinery and Equipment 120.9 98.4 115.8 118.1

Construction 206.9 237.1 241.6 313.1

Land development - - - -



Exports of Goods 108.2 106.0 114.9 111.1

Exports of NFS 358.5 392.1 426.5 461.3

Imports of Goods 477.4 537.2 573.5 647.1

Imports of NFS 174.4 197.7 212.8 238.8


Fig 13.5: GVA by Industry in Current and Constant 1990 Basic Prices

0

200

400

600

800

1000

1200

2003 2004 2005 2006

$EC

Mn


148





Private 65.1 69.7 69.2 69.8




Other Machinery and Equip. 11.7 8.7 9.6 8.8

Construction 20.0 20.9 20.1 23.3

Land development - - - -




Exports of NFS 34.7 34.5 35.5 34.3

Imports of Goods 46.3 47.3 47.7 48.1

Imports of NFS 16.9 17.4 17.7 17.8



-400

-200

0

200

400

600

800

1000

1200





EC

$Mn


-400

-200

0

200

400

600

800

1000

1200

1400

1600





EC

$Mn

149

150

SURINAME

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 2,265.4 2,437.9 2,596.5 2,718.2

AGRICULTURE 267.3 269.6 256.2 269.6


MANUFACTURING 409.9 454.2 500.6 509.4

GAS, WATER & ELECTRICITY 104.4 114.9 118.7 128.7

CONSTRUCTION 85.5 94.2 102.4 107.6

TRADE, RESTAURANTS & HOTELS 347.7 368.5 398.3 459.3

T/PORT, STORAGE & COMMUN. 263.8 284.3 306.7 296.0

FINAN. & BUS. SERVICES 331.1 348.9 363.6 370.1


PERS., SOC. & OTHER COMM. SERV. 195.5 198.7 206.2 210.5

LESS: FISIM 83.6 85.3 88.3 89.2


Industry 2003 2004 2005 2006

TOTAL 6.9 7.6 6.5 4.7

AGRICULTURE 3.7 0.9 -5.0 5.2



GAS, WATER & ELECTRICITY -1.1 10.1 3.3 8.4



T/PORT, STORAGE & COMMUN. 3.0 7.8 7.9 -3.5


PUBLIC ADMINISTRATION -0.2 -0.5 5.9 6.1


LESS: FISIM 6.0 2.0 3.5 1.1

Table 14.1A: Gross Domestic Product By Industry in Constant 2000 Basic Prices - Percentage Change



153

SURINAME

SF MnIndustry 2003 2004 2005 2006

TOTAL 3,579.5 3,852.1 4,102.7 4,295.0

AGRICULTURE 339.0 342.0 325.0 342.0


MANUFACTURING 467.5 518.0 571.0 581.0


CONSTRUCTION 190.7 210.0 228.3 240.0






LESS: FISIM 269.9 275.4 285.0 288.0


Fig 14.1: GDP by Industry in Constant 2000 Basic Prices - Percentage Change (Based on EC$Mn)

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

2003 2004 2005 2006

Perc

ent


154

SURINAME

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0



MANUFACTURING 13.1 13.4 13.9 13.5








LESS: FISIM 7.5 7.1 6.9 6.7



13.117.3

14.4

20.7

25.0

AGRICULTURE

MANUFACTURING

TRADE, RESTAURANTS & HOTELS

T/PORT, STORAGE & COMMUN.

FINAN. & BUS. SERVICES

OTHER


8.0

13.5

19.1

13.5

19.3

26.7

AGRICULTURE

MANUFACTURING

TRADE, RESTAURANTS & HOTELS

T/PORT, STORAGE & COMMUN.

FINAN. & BUS. SERVICES

OTHER

155

SURINAME

SF MnIndustry 2003 2004 2005 2006

TOTAL 2,449,928.8 3,023,187.1 3,736,009.6 4,436,581.3

AGRICULTURE 214,749.0 212,771.2 240,401.2 271,482.8


MANUFACTURING 426,017.0 613,947.0 818,302.0 1,035,577.0

GAS, WATER & ELECTRICITY 160,899.0 190,105.0 223,545.0 245,184.0

CONSTRUCTION 86,224.0 118,768.0 153,076.0 200,634.0

TRADE, RESTAURANTS & HOTELS 356,165.5 397,135.2 510,568.3 593,870.0

T/PORT, STORAGE & COMMUN. 247,017.0 295,672.7 350,904.1 364,890.6

FINAN. & BUS. SERVICES 353,941.0 459,979.0 575,965.0 711,426.0

PUBLIC ADMINISTRATION 244,916.0 266,014.0 309,547.0 340,246.0

PERS., SOC. & OTHER COMM. SERV. 223,705.0 239,896.0 261,063.0 324,558.0

LESS: FISIM 78,729.7 106,962.0 166,217.0 214,127.0

Industry 2003 2004 2005 2006

TOTAL 24.6 23.4 23.6 18.8

AGRICULTURE 24.6 -0.9 13.0 12.9


MANUFACTURING 22.6 44.1 33.3 26.6


CONSTRUCTION 39.1 37.7 28.9 31.1






LESS: FISIM 15.5 35.9 55.4 28.8


Table 14.3A: Gross Domestic Product By Industry in Current Basic Prices - Percentage Change

156

SURINAME

Fig 14.5: GDP in Current and Constant 1990 Basic Prices

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

2003 2004 2005 2006

SF B

n


Fig 14.4: GDP by Industry in Current Basic Prices - Percentage Change (Based on SF Mn)

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

2003 2004 2005 2006

Perc

ent


157

SURINAME

EC$Mn Industry 2003 2004 2005 2006

TOTAL 2,516.7 2,986.0 3,695.1 4,367.8

AGRICULTURE 220.6 210.2 237.8 267.3


MANUFACTURING 437.6 606.4 809.3 1,019.5


CONSTRUCTION 88.6 117.3 151.4 197.5






LESS: FISIM 80.9 105.6 164.4 210.8

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0



MANUFACTURING 17.4 20.3 21.9 23.3








LESS: FISIM 3.2 3.5 4.4 4.8


Table 14.4A: Gross Domestic Product By Industry in Current Basic Prices - Percentage Distribution

158

SURINAME

EC$Mn EXPENDITURE GROUPS 2003 2004 2005 2006


FINAL CONSUMPTION EXPENDITURE … … … …

Government 954.8 508.1 … …

Private …

GROSS CAPITAL FORMATION … … … …


Increase in Stocks … … … …

GOODS AND NON-FACTOR SERVICES -285.4 -240.0 … …

Exports of Goods and Services 1,476.6 2,108.0 … …

Less: Imports of Goods and services 1,762.0 2,348.0 … …




Government 32.4 14.7 … …

Private …




GOODS AND NON-FACTOR SERVICES -9.7 -7.0 … …

Exports of Goods and Services 50.1 61.2 … …

Less: Imports of Goods and services 59.8 68.1 … …



159

SURINAME

SF MnEXPENDITURE GROUPS 2003 2004 2005 2006

GROSS DOMESTIC PRODUCT (Current Market Prices) 2,867,643.0 3,489,032.0 4,278,374.0 5,090,872.0


Government 929,423.0 514,400.0 … …

Private … … … …




GOODS AND NON-FACTOR SERVICES -277,820.0 -243,000.0 … …

Exports of Goods and Services 1,437,430.0 2,134,180.0 … …

Less: Imports of Goods and services 1,715,250.0 2,377,180.0 … …


160

TRINIDAD AND TOBAGO

EC$Mn

Industry 2003 2004 2005 2006

TOTAL 28,434.5 30,702.5 32,354.8 36,657.6

AGRICULTURE, FISHING & FORESTRY 238.4 182.0 197.1 159.2


MANUFACTURE 5,780.8 6,242.9 6,810.9 8,523.8


CONSTRUCTION 2,129.9 2,302.0 2,672.0 2,839.0

DISTRIBUTION SERVICES 3,951.3 4,095.8 4,295.0 4,926.3

HOTELS, G/ HOUSES & RESTAURANTS 419.1 430.3 454.4 444.5


FIN., INS., REAL EST. & BUS. SERVICES 3,792.5 4,615.2 4,502.9 4,575.6

GENERAL GOVERNMENT 1,691.4 1,701.8 1,734.9 1,708.6

EDUC. CULT. & COMM. SERVICES 1,112.7 1,156.6 1,126.9 1,220.3

LESS: FISIM 941.0 1,098.1 1,034.4 1,259.0

STATISTICAL DISCREPANCY 919.9 1,215.1 1,119.2 1,504.7

Industry 2003 2004 2005 2006

TOTAL 14.4 8.0 5.4 13.3

AGRICULTURE, FISHING & FORESTRY -14.1 -23.6 8.3 -19.2


MANUFACTURE 29.2 8.0 9.1 25.2

ELECTRICITY & WATER 5.3 3.2 6.2 -0.4


DISTRIBUTION SERVICES 2.1 3.7 4.9 14.7

HOTELS, G/ HOUSES & RESTAURANTS 0.1 2.7 5.6 -2.2

T/PORT, STORAGE & COMMUN. 5.4 -0.8 -2.4 9.5

FIN., INS., REAL EST. & BUS. SERVICES 7.3 21.7 -2.4 1.6

GENERAL GOVERNMENT -1.0 0.6 1.9 -1.5

EDUC. CULT. & COMM. SERVICES 8.9 3.9 -2.6 8.3

LESS: FISIM 9.9 16.7 -5.8 21.7

STATISTICAL DISCREPANCY -4.3 32.1 -7.9 34.4


Table 15.1A: Gross Domestic Product By Industry in Constant 2000 Market Prices - Percentage Change

163

TRINIDAD AND TOBAGO

TT$Mn

Industry 2003 2004 2005 2006

TOTAL 66,084.0 71,355.0 75,195.0 85,195.0



MANUFACTURE 13,435.0 14,509.0 15,829.0 19,810.0


CONSTRUCTION 4,950.0 5,350.0 6,210.0 6,598.0


HOTELS, G/ HOUSES & RESTAURANTS 974.0 1,000.0 1,056.0 1,033.0





LESS: FISIM 2,187.0 2,552.0 2,404.0 2,926.0

STATISTICAL DISCREPANCY 2,138.0 2,824.0 2,601.0 3,497.0


Fig 5.1: GDP by Industry in Constant 2000 Market Prices - Percentage Change (Based on EC$ Mn)

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

2003 2004 2005 2006

Perc

ent

TOTAL AGRICULTURE MANUFACTURE SERVICES

164

TRINIDAD AND TOBAGO

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0



MANUFACTURE 20.3 20.3 21.1 23.3






FIN., INS., REAL EST. & BUS. SERVICES 13.3 15.0 13.9 12.5

GENERAL GOVERNMENT 5.9 5.5 5.4 4.7

EDUC. CULT. & COMM. SERVICES 3.9 3.8 3.5 3.3

LESS: FISIM 3.3 3.6 3.2 3.4

STATISTICAL DISCREPANCY 3.2 4.0 3.5 4.1

Table 15.2A: Gross Domestic Product By Industry in Constant 2000 Market Prices - Percentage Distribution

Fig 15.2: GDP by Industry at in Constant 2000 Prices - Percentage Distribution, 2003

22.9

20.3

13.9

13.3

29.5

MINING & QUARRYING

MANUFACTURE

DISTRIBUTION SERVICES

FIN., INS., REAL EST. & BUS. SERVICES

OTHER

Fig 15.2: GDP by Industry at in Constant 2000 Prices - Percentage Distribution, 2006

24.6

23.3 13.4

12.5

26.2

MINING & QUARRYING

MANUFACTURE

DISTRIBUTION SERVICES

FIN., INS., REAL EST. & BUS. SERVICES

OTHER

165

TRINIDAD AND TOBAGO

TT$ MnIndustry 2003 2004 2005 2006

TOTAL 71,168.0 83,655.0 100,388.0 122,109.2



MANUFACTURE 12,902.0 17,297.0 21,221.0 26,157.2


CONSTRUCTION 5,154.0 5,939.0 7,453.0 8,577.0


HOTELS, G/ HOUSES & RESTAURANTS 1,129.0 1,197.0 1,372.0 1,556.0





PERSONAL SERVICES 155.0 155.0 156.0 156.0

LESS: FISIM 2,493.0 3,019.0 3,041.0 4,010.0


VALUE ADDED TAX 1,834.0 1,519.0 586.0 -47.0

Industry 2003 2004 2005 2006

TOTAL 26.4 17.5 20.0 21.6

AGRICULTURE, FISHING & FORESTRY -15.4 -10.9 4.1 -7.4


MANUFACTURE 45.2 34.1 22.7 23.3

ELECTRICITY & WATER 11.6 5.7 -6.0 10.2

CONSTRUCTION 27.0 15.2 25.5 15.1



T/PORT, STORAGE & COMMUN. 3.3 -4.2 3.7 -10.4

FIN., INS., REAL EST. & BUS. SERVICES 3.3 27.4 -0.4 18.1


EDUC. CULT. & COMM. SERVICES 5.7 -0.6 9.5 9.0


LESS: FISIM 14.0 21.1 0.7 31.9

STATISTICAL DISCREPANCY -1.5 34.1 -2.9 40.4

VALUE ADDED TAX 12.6 -17.2 -61.4 -108.0

Note: Data for the respective Industries includes Value Added Taxes. Therefore data on total Value Added Tax are included for information purposes only.


Table 15.3A: Gross Domestic Product By Industry in Current Market Prices - Percentage Change


166

TRINIDAD AND TOBAGO

Fig 15.5: Gross Domestic Product at Factor Cost in Current and Constant 2000 Prices

0

20000

40000

60000

80000

100000

120000

140000

2003 2004 2005 2006

$TT

Mn

CONSTANT 2000 MARKET PRICES CURRENT MARKET PRICES

Fig 15.4: Gross Domestic Product by Industry in Current Market Prices - Percentage Change (Based on TT$ Mn)

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

50.0

2003 2004 2005 2006

Perc

ent


167

TRINIDAD AND TOBAGO

EC$MnIndustry 2003 2004 2005 2006

TOTAL 30,679.3 36,015.1 43,218.9 52,492.1



MANUFACTURE 5,561.8 7,446.7 9,136.0 11,244.4


CONSTRUCTION 2,221.8 2,556.9 3,208.7 3,687.1








LESS: FISIM 1,074.7 1,299.7 1,309.2 1,723.8


VALUE ADDED TAX 790.6 654.0 252.3 -20.2

Industry 2003 2004 2005 2006

TOTAL 100.0 100.0 100.0 100.0



MANUFACTURE 18.1 20.7 21.1 21.4






FIN., INS., REAL EST. & BUS. SERVICES 12.9 14.0 11.6 11.3


EDUC. CULT. & COMM. SERVICES 4.6 3.9 3.5 3.1


LESS: FISIM 3.5 3.6 3.0 3.3

STATISTICAL DISCREPANCY 3.3 3.8 3.1 3.5

VALUE ADDED TAX 2.6 1.8 0.6 0.0

Table 15.4A: Gross Domestic Product By Industry in Current Market Prices - Percentage Distribution




168

TRINIDAD AND TOBAGO

EC$ Mn



TOTAL FINAL CONSUMPTION 18,615.4 24,660.6 28,261.4 25,119.1

Private 14,717.6 20,309.7 23,221.3 19,478.2

Government 3,897.8 4,350.8 5,040.1 5,640.9


GOODS AND NON-FACTOR SERVICES 4,336.7 5,366.9 8,606.9 20,685.3





TOTAL FINAL CONSUMPTION 60.7 68.5 65.4 47.9

Private 48.0 56.4 53.7 37.1

Government 12.7 12.1 11.7 10.7


GOODS AND NON-FACTOR SERVICES 14.1 14.9 19.9 39.4



Table 15.5: Expenditure on Gross Domestic Product in Current Market Prices

Table 15.5A: Expenditure on Gross Domestic Product in Current Market Prices - Percentage Distribution

169

TRINIDAD AND TOBAGO

TT$ MnEXPENDITURE GROUPS 2003 2004 2005 2006


TOTAL FINAL CONSUMPTION 43,182.9 57,281.0 65,645.0 58,433.0

Private 34,141.0 47,175.0 53,938.0 45,311.0

Government 9,041.9 10,106.0 11,707.0 13,122.0


GOODS AND NON-FACTOR SERVICES 10,060.0 12,466.0 19,992.0 48,119.0



Table 15.6: Expenditure on Gross Domestic Product in Current Market Prices


0

10000

20000

30000

40000

50000

60000

70000

80000





TT

$Mn


0

20000

40000

60000

80000

100000

120000

140000





TT

$Mn

170

ANTIGUA AND BARBUDA

(EC$Mn)2003 2004 2005 2006

A. INCOME

GVA AT BASIC PRICES 1728.4 1840.4 1978.8 2274.5

Taxes on production and Imports Less Subsidies 308.3 359.1 366.2 434.7

GDP AT MARKET PRICES 2036.7 2199.5 2344.9 2709.2

Net Factor Income from Abroad -104.5 -123.4 -114.5 -173.0

GROSS NATIONAL INCOME 1932.2 2076.1 2230.5 2536.2

Net Current Transfers from Abroad 35.8 22.5 21.6 59.2

GROSS NATIONAL DISPOSABLE INCOME 1968.0 2098.6 2252.1 2595.4

B. APPROPRIATION

Private Final Consumption 761.5 814.6 886.7 925.5

Government Final Consumption 414.3 438.9 443.1 485.5

Total Consumption 1175.8 1253.5 1329.9 1411.0

GROSS NATIONAL SAVINGS 792.2 845.2 922.2 1184.5

C. CAPITAL FINANCE

Gross Capital Formation 1055.6 1103.6 1384.8 2019.0

Gross National Savings 792.2 845.2 922.2 1184.5

FOREIGN SAVINGS 263.4 258.5 462.6 834.5

GROSS NATIONAL DISPOSABLE INCOME, APPROPRIATION AND CAPITAL FINANCE IN CURRENT PRICES

173

DOMINICA

(EC$Mn)2003r 2004r 2005p 2006

A. INCOME








B. APPROPRIATION





C. CAPITAL FINANCE



FOREIGN SAVINGS 144.3 162.6 205.4 139.4


174

GRENADA

(EC$Mn)2003 2004 2005 2006

A. INCOME








B. APPROPRIATION





C. CAPITAL FINANCE



FOREIGN SAVINGS 381.1 147.7 503.4 520.7


175

MONTSERRAT

(EC$Mn)2003 2004 2005 2006

A. INCOME








B. APPROPRIATION




GROSS NATIONAL SAVINGS 34.5 24.6 -0.3 10.9

C. CAPITAL FINANCE


Gross National Savings 34.5 24.6 -0.3 10.9

FOREIGN SAVINGS 21.2 24.3 42.8 21.6


176

ST. KITTS AND NEVIS

(EC$Mn)2003 2004 2005 2006

A. INCOME








B. APPROPRIATION





C. CAPITAL FINANCE



FOREIGN SAVINGS 313.5 184.6 174.7 242.4


177

SAINT LUCIA

(EC$Mn)2003r 2004r 2005r 2006

A. INCOME








B. APPROPRIATION




GROSS NATIONAL SAVINGS 10.8 215.9 145.9 -81.1

C. CAPITAL FINANCE


Gross National Savings 10.8 215.9 145.9 -81.1

FOREIGN SAVINGS 397.6 235.9 405.4 817.3


178

ST. VINCENT AND THE GRENADINES

(EC$Mn)2003 2004 2005 2006

A. INCOME








B. APPROPRIATION





C. CAPITAL FINANCE



FOREIGN SAVINGS 201.9 275.7 268.3 324.3


179

GUYANA

(EC$Mn)2003 2004 2005 2006

A. INCOME

GDP AT FACTOR COST 1703.7 1764.0 1861.3 2067.8

Net Indirect Taxes 287.5 349.0 368.0 390.5






B. APPROPRIATION





C. CAPITAL FINANCE



FOREIGN SAVINGS 225.0 223.9 454.8 496.9


180

GUYANA

(G$Mn)2003 2004 2005 2006

A. INCOME

GDP AT FACTOR COST 123261.0 130533.0 137788.0 154000.0

Net Indirect Taxes 20803.0 25824.0 27240.0 29084.0






B. APPROPRIATION





C. CAPITAL FINANCE



FOREIGN SAVINGS 16281.4 16568.0 33670.7 37006.0


181

TRINIDAD AND TOBAGO

(EC$Mn)2003 2004 2005 2006

A. INCOME

GDP AT BASIC PRICES 31754.0 37314.8 44528.2 53356.5

Taxes on production and Imports Less Subsidies 790.6 654.0 252.3 -20.2






B. APPROPRIATION





C. CAPITAL FINANCE




182

TRINIDAD AND TOBAGO

(TT$Mn)2003 2004 2005 2006

A. INCOME

GDP AT BASIC PRICES 73661.0 86674.0 103429.0 124120.0

Net Indirect Taxes 1834.0 1519.0 586.0 -47.0






B. APPROPRIATION





C. CAPITAL FINANCE




183

REGIONAL STATISTICS SUB-PROGRAMME

INFORMATION AND COMMUNICATION TECHNOLOGIES

CARIBBEAN COMMUNITY (CARICOM) SECRETARIAT

GEORGETOWN, GUYANA

P O BOX 10827

Documents

National Accounts 03-06 - CARICOM Statistics