This report focuses on the Monetary Statistics Component of the Regional Data Module Report on the Observance of Standards and Codes for the Eastern Caribbean Central Bank (ECCB). The report reveals that with respect to the prerequisites of quality and assurances of integrity, the legislation broadly supports mandatory data reporting and the confidentiality of the reported data. However, the ECCB’s responsibility for compiling and disseminating monetary statistics to the public is not clearly specified in the law. Regarding resources, the number of staff allocated to the compilation of monetary statistics is inadequate.
A technical assistance (TA) mission was undertaken by the Real Sector Statistics Advisor in the Caribbean Regional Technical Assistance Centre (CARTAC) to St. Lucia during September 17–28, 2018, to provide advice to the Central Statistics Office (CSO) on compiling supply and use tables (SUT) for 2016. The 2006 base year for the GDP estimates is outdated and does not reflect the current structure of the economy. In addition, there is scope to improve the input data and methodology used in producing the GDP estimates and to implement the relevant System of National Accounts 2008 (2008 SNA) recommendations.