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Grenada

Author(s):
International Monetary Fund
Published Date:
August 2005
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Grenada: Basic Data

I. Social and Demographic Indicators

Area (sq. km)344.0Adult literacy rate (percent, 2002)94.4
Population (thousands, 2004)104.0Health and Nutrition
Density (per sq.km., 2004)302.3Caloric intake (per capita a day, 2001)2,749
Access to safe water (percent, 2003)95.0
Population characteristics (2003)Physicians (per 10,000 persons, 1999)8.1
Life expectancy at birth (years)73.2AIDS incidence rate (per 10,000 persons, 2001)0.6
Infant mortality (per thousand live births)18.0
Under 5 mortality rate (per thousand)23.0Gross Domestic Product (US$ millions, 2004)437.3
US$ per capita4,205
II. Economic Indicators, 2000-04
20002001200220032004
(In percent of GDP)
Origin of GDP at factor cost
Agriculture and mining8.68.910.910.59.0
Manufacturing, construction, and utilities23.422.322.723.422.5
Services and others75.877.575.375.678.6
Less: imputed banking charges7.88.78.99.510.2
(Annual percentage changes, unless otherwise specified)
National accounts and prices
Real GDP7.0-4.40.85.8-3.0
GDP deflator0.81.51.61.32.7
Consumer price index (end of period)3.4-0.72.31.62.5
Consumer price index (period average)2.11.71.12.22.3
(In percent of GDP)
Public finances
Central government
Total revenue and grants29.831.029.034.533.1
Of which
Grants2.94.22.16.97.5
Total expenditure 1/33.039.548.239.335.9
Of which
Interest2.22.64.75.26.4
Current balance6.02.50.63.2-2.4
Primary balance 1/-1.0-5.8-14.50.43.7
Overall balance 1/-3.2-8.5-19.2-4.8-2.8
Total public sector debt, in percent of GDP 2/56.263.7109.6110.0129.4
(Annual change in percent of M2 at the beginning of period, unless otherwise specified)
Money and credit
Broad money15.410.67.18.017.7
Of which
Money and credit0.81.01.82.57.9
Quasi money14.59.65.35.59.8
Net domestic assets of the banking system15.03.2-3.72.2-0.2
Of which
Credit to the public sector (net)3.64.9-4.52.3-6.5
Credit to the private sector12.90.80.93.15.0
Broad money, in percent of GDP89.0102.3106.1105.2125.6
Deposit interest rate (average, in percent) 3/4.24.23.23.42.8
Lending interest rate (average, in percent) 3/11.510.110.512.410.0
(In millions of U.S. dollars, unless otherwise specified)
Balance of payments
Current account-88.1-105.0-130.3-144.9-76.0
Merchandise trade balance-137.4-132.8-139.6-180.9-200.6
Exports83.063.641.445.535.0
Imports-220.4-196.4-181.0-226.4-235.7
Services (net)63.748.438.847.953.7
Of which
Travel (net)85.075.981.395.283.4
Income (net)-34.4-41.8-52.9-48.4-53.3
Transfers (net)20.121.123.336.5124.2
Capital and financial account95.989.8135.1134.984.0
Capital account (transfers)32.142.531.843.233.3
Financial account63.847.2103.391.750.7
Of which
Public sector net borrowing 2/25.417.5113.741.951.4
Direct investment (net)37.458.757.682.139.6
Portfolio investment (net)19.4-0.3107.727.423.1
Other investments (net)6.9-11.2-62.0-17.8-12.0
Net errors and omissions-1.221.126.4-2.838.6
Overall balance6.65.831.2-12.846.5
Merchandise exports (in percent of GDP)20.216.110.210.38.0
Merchandise imports (in percent of GDP)-53.7-49.8-44.4-51.0-53.9
Current account (in percent of GDP)-21.5-26.6-32.0-32.7-17.4
Merchandise exports (in U.S. dollars, annual percentage change)11.7-23.3-34.910.0-23.1
Merchandise imports (in U.S. dollars, annual percentage change)19.7-10.9-7.825.14.1
Terms of trade (annual percentage change)-5.40.4-1.6-3.1-11.6
Real effective exchange rate (12-month percentage change) 4/5.7-0.1-3.4-8.5-4.6
International reserve position and
external debt (at end year)
Total ECCB gross international reserves383.7446.0504.8539.9632.4
Of which
Grenada imputed net international reserves57.764.587.883.2121.7
Grenada commercial banks’ net foreign assets-7.013.333.563.1108.2
Outstanding external public debt, in percent of GDP 2/35.145.583.680.295.0
Public gross external amortization ratio 5/3.14.16.16.39.6
Public gross external interest ratio 5/2.54.111.312.615.4
IMF data (as of May 31, 2005)
Membership status:Article VIII
Intervention currency and rateEC$2.70=US$1
QuotaSDR 11.70 million
Fund holdings of national currencySDR 17.56 million
(as percent of quota)150.05 percent
Outstanding purchases and loans: (emergency assistance)SDR 5.86 million
SDR department: holdingsSDR 0.00 million
Sources: Ministry of Finance; Eastern Caribbean Central Bank; World Bank; and Fund staff estimates.

Includes 11.4 percent of GDP paid in 2002 to extinguish lease arrangements, and reflected in capital expenditures.

Includes central government debt, government-guaranteed debt, and non-guaranteed public enterprise debt.

Break in the data series in 2003.

End of period.

In percent of exports of goods and services.

Sources: Ministry of Finance; Eastern Caribbean Central Bank; World Bank; and Fund staff estimates.

Includes 11.4 percent of GDP paid in 2002 to extinguish lease arrangements, and reflected in capital expenditures.

Includes central government debt, government-guaranteed debt, and non-guaranteed public enterprise debt.

Break in the data series in 2003.

End of period.

In percent of exports of goods and services.

Table 1.Grenada: GDP by Economic Activity at Current Factor Cost, 2000-04
20002001200220032004
(In millions of Eastern Caribbean dollars)
Gross domestic product904.3878.2899.4964.3960.0
Primary sector77.478.497.7101.486.7
Agriculture69.872.492.694.381.3
Crops50.346.160.558.050.7
Livestock5.05.15.15.24.7
Forestry3.03.13.13.12.5
Fishing11.518.223.927.923.4
Mining and quarrying7.66.05.17.25.4
Secondary sector212.0195.6204.1225.6216.5
Manufacturing68.963.762.360.752.8
Construction96.779.780.9102.3102.9
Electricity and water46.452.261.062.660.8
Services685.7680.8677.6729.0754.6
Wholesale and retail trade96.496.398.2107.8104.5
Hotels and restaurants81.778.273.485.476.0
Transport136.4124.2122.8132.7139.2
Communications78.375.565.162.771.7
Banking and insurance89.693.699.8115.5121.1
Real estate and housing30.331.732.633.830.4
Government services143.6148.8157.4161.5185.6
Other services29.432.528.229.626.1
Less: imputed banking charges70.776.580.191.797.8
(In percent of GDP)
Gross domestic product100.0100.0100.0100.0100.0
Primary sector8.68.910.910.59.0
Agriculture7.78.210.39.88.5
Crops5.65.26.76.05.3
Livestock0.50.60.60.50.5
Forestry0.30.30.30.30.3
Fishing1.32.12.72.92.4
Mining and quarrying0.80.70.60.70.6
Secondary sector23.422.322.723.422.5
Manufacturing7.67.26.96.35.5
Construction10.79.19.010.610.7
Electricity and water5.15.96.86.56.3
Services75.877.575.375.678.6
Wholesale and retail trade10.711.010.911.210.9
Hotels and restaurants9.08.98.28.97.9
Transport15.114.113.713.814.5
Communications8.78.67.26.57.5
Banking and insurance9.910.711.112.012.6
Real estate and housing3.33.63.63.53.2
Government services15.916.917.516.719.3
Other services3.23.73.13.12.7
Less: imputed banking charges7.88.78.99.510.2
Source: Central Statistical Office (CSO), Ministry of Finance.
Source: Central Statistical Office (CSO), Ministry of Finance.
Table 2.Grenada: GDP by Economic Activity at Constant Factor Cost, 2000-04
20002001200220032004
(In millions of 1990 Eastern Caribbean dollars)
GDP at constant factor cost701.2670.7676.3715.6693.9
Agriculture56.855.265.764.159.4
Crops41.336.944.741.240.1
Livestock4.44.44.54.64.1
Forestry2.62.72.72.72.2
Fishing8.511.313.815.613.0
Mining and quarrying6.55.24.46.24.6
Manufacturing60.756.554.353.045.2
Electricity and water36.539.040.343.039.2
Construction65.553.153.667.567.0
Wholesale and retail trade78.175.676.081.677.3
Hotels and restaurants52.251.254.161.653.5
Transport95.286.788.294.899.8
Road transport64.156.656.660.263.5
Sea transport21.921.322.724.726.5
Air transport9.28.89.010.09.7
Communications98.394.884.085.691.7
Banks and insurance70.174.478.985.287.3
Real estate and housing27.728.028.428.926.0
Government services89.789.093.794.297.5
Other services22.524.120.621.118.2
Less: imputed service charges58.562.165.971.172.9
(Annual percentage change)
GDP at constant factor cost7.0-4.40.85.8-3.0
Agriculture-2.2-2.919.0-2.4-7.3
Crops-4.2-10.821.3-7.9-2.7
Livestock2.12.11.42.0-10.0
Forestry5.21.11.11.1-19.4
Fishing4.232.222.613.1-16.7
Mining and quarrying12.4-21.1-15.140.4-24.6
Manufacturing13.8-7.0-3.8-2.4-14.6
Electricity and water12.57.03.36.7-8.7
Construction16.1-18.91.026.0-0.8
Wholesale and retail trade4.0-3.20.57.4-5.2
Hotels and restaurants2.9-1.85.613.8-13.1
Transport1.0-9.01.87.55.2
Road transport-3.0-11.7-0.16.45.6
Sea transport15.5-3.06.78.77.4
Air transport-0.4-4.52.211.3-2.7
Communications20.4-3.6-11.41.97.2
Banks and insurance10.26.16.18.02.5
Real estate and housing2.01.31.51.5-10.0
Government services-2.6-0.75.20.63.5
Other services27.57.3-14.52.4-13.8
Less: imputed service charges10.26.16.18.02.5
Source: Central Statistical Office (CSO), Ministry of Finance.
Source: Central Statistical Office (CSO), Ministry of Finance.
Table 3.Grenada: Output and Prices of Major Agricultural Export Crops, 2000-04
20002001200220032004
(Average, in Eastern Caribbean dollars per pound)
Producer prices 1/
Banana0.280.320.350.380.43
Cocoa1.291.531.821.822.12
Nutmeg2.992.993.803.082.00
Mace3.963.623.093.243.88
(In thousands of pounds)
Output
Banana 2/1,7582,1652,5742,2732,060
Cocoa 2/2,6381,5162,0241,4281,762
Nutmeg 2/5,7464,8037,2405,4176,025
Mace393379419368275
(Annual percentage change)
Producer prices
Banana1.115.98.19.111.6
Cocoa1.318.319.30.016.6
Nutmeg27.8-0.127.3-19.0-35.2
Mace0.7-8.8-14.44.519.8
Output
Banana19.823.218.9-11.7-9.4
Cocoa22.8-42.533.5-29.423.4
Nutmeg-13.6-16.450.7-25.211.2
Mace-35.6-3.710.6-12.0-25.4
Source: Central Statistical Office (CSO), Ministry of Finance.

Based on the purchase price of cooperative societies and associations.

For 2002-04, includes cooperative society production and non-society production.

Source: Central Statistical Office (CSO), Ministry of Finance.

Based on the purchase price of cooperative societies and associations.

For 2002-04, includes cooperative society production and non-society production.

Table 4.Grenada: Consumer Price Index, 2000-04

(Index, January 2001 = 100)

20002001200220032004
I. Period Averages
All items98.3100.0101.0103.2105.6
Food and beverages98.2100.099.5100.2103.4
Tobacco and alcohol97.6100.7102.8103.7104.5
Clothing and footwear99.4100.1100.7100.199.0
Accommodation97.2100.399.8101.9103.9
Fuel and light92.498.096.2100.0103.3
Household furniture and furnishing99.0100.1102.4106.7106.6
Medical care and health expenses98.5100.5105.5115.5115.3
Transportation and communication88.3100.2105.3108.6113.8
Education95.199.7100.4104.0107.7
Personal services100.2100.0100.0100.0100.0
Other expenses99.9100.3100.9102.6104.5
(Annual percentage change)
All items2.11.71.12.22.3
Food and beverages0.61.8-0.40.73.2
Tobacco and alcohol2.33.12.10.90.8
Clothing and footwear0.20.70.5-0.5-1.1
Accommodation1.73.2-0.52.12.0
Fuel and light17.46.1-1.83.93.3
Household furniture and furnishing3.21.12.34.2-0.1
Medical care and health expenses0.92.15.09.5-0.2
Transportation and communication10.313.55.13.14.7
Education-8.94.80.73.53.6
Personal services0.6-0.20.00.00.0
Other expenses9.60.40.61.81.8
II. End of Period
All items100.9100.2102.5104.2106.8
Food and beverages100.6100.999.5101.8104.7
Tobacco and alcohol99.1101.2103.5103.9105.7
Clothing and footwear99.6100.1100.898.798.9
Accommodation95.5100.599.0102.9106.0
Fuel and light101.096.198.8100.3107.2
Household furniture and furnishing99.2100.1106.6106.8105.9
Medical care and health expenses100.1101.1115.0115.8114.8
Transportation and communication99.1100.5108.6109.8115.4
Education94.197.3101.6107.8110.0
Personal services99.8100.0100.0100.0100.0
Other expenses99.8100.1101.5104.2102.8
(Annual percentage change)
All items3.4-0.72.31.62.5
Food and beverages1.70.3-1.42.42.8
Tobacco and alcohol3.52.12.30.41.7
Clothing and footwear0.70.50.7-2.10.2
Accommodation-0.35.2-1.53.93.0
Fuel and light16.9-4.92.81.56.9
Household furniture and furnishing0.81.06.40.3-0.8
Medical care and health expenses2.20.913.80.7-0.9
Transportation and communication21.41.48.01.25.0
Education-9.73.44.46.22.0
Personal services-0.60.20.00.00.0
Other expenses4.00.21.42.6-1.3
Source: Central Statistical Office (CSO), Ministry of Finance.
Source: Central Statistical Office (CSO), Ministry of Finance.
Table 5.Grenada: Summary Finances of the Central Government, 2000–04

(In millions of Eastern Caribbean dollars)

20002001200220032004
Total revenue and grants330.5330.5318.8413.2390.7
Total revenue297.9285.4295.2330.3302.5
Current revenue297.2284.9292.5330.0301.2
Tax revenue265.2256.7262.4298.3278.8
Nontax revenue32.128.230.131.822.3
Capital revenue0.70.52.70.31.3
Grants32.645.223.582.988.2
Total expenditure365.7420.6529.8470.8423.4
Current expenditure230.5258.0285.4291.6329.6
Salaries and wages104.8116.8114.1118.4135.0
Allowances9.610.710.512.015.3
Goods and services43.852.747.540.548.0
Interest payments24.227.951.862.575.8
Domestic11.713.312.717.221.1
Foreign12.514.639.145.254.7
Transfers and subsidies48.249.961.458.355.5
Transfers to private sector0.00.00.06.50.0
Grants and subventions9.915.922.719.717.8
Transfers abroad10.36.68.06.55.2
Transfers to statutory boards1.20.81.90.50.8
Transfers to households26.826.528.825.131.8
Capital expenditure 1/135.2162.6244.4179.193.8
Current balance66.726.97.138.4-28.4
Primary balance (after grants) 1/-11.0-62.2-159.34.943.1
Overall balance (before grants) 1/-67.7-135.2-234.6-140.5-120.8
Overall balance (after grants) 1/-35.2-90.0-211.1-57.6-32.7
Financing51.9119.7223.2113.551.8
Foreign (net)72.548.2287.139.767.9
Loans (net)72.548.2287.139.7111.7
Disbursements88.367.2312.466.6157.5
Amortization-15.8-19.0-25.3-26.9-45.9
Change in government assets0.00.00.00.0-43.7
Domestic (net)-4.347.8-21.173.6-38.1
Privatization proceeds0.00.02.50.30.0
Arrears-16.223.7-45.40.022.0
Statistical discrepancy-16.7-29.7-12.1-56.0-19.1
Sources: Ministry of Finance; and Fund staff estimates.

EC$123.6 million was paid in 2002 to extinguish the lease arrangements on the National Stadium and Ministerial Complex, and reflected in capital expenditures.

Sources: Ministry of Finance; and Fund staff estimates.

EC$123.6 million was paid in 2002 to extinguish the lease arrangements on the National Stadium and Ministerial Complex, and reflected in capital expenditures.

Table 6.Grenada: Summary Finances of the Central Government, 2000–04

(In percent of GDP)

20002001200220032004
Total revenue and grants29.831.029.034.533.1
Total revenue26.926.826.827.625.6
Current revenue26.826.726.627.525.5
Tax revenue23.924.123.824.923.6
Nontax revenue2.92.62.72.71.9
Capital revenue0.10.00.20.00.1
Grants2.94.22.16.97.5
Total expenditure33.039.548.239.335.9
Current expenditure20.824.225.924.327.9
Salaries and wages9.511.010.49.911.4
Allowances0.91.01.01.01.3
Goods and services4.04.94.33.44.1
Interest payments2.22.64.75.26.4
Domestic1.11.21.21.41.8
Foreign1.11.43.63.84.6
Transfers and subsidies4.34.75.64.94.7
Transfers to private sector0.00.00.00.50.0
Grants and subventions0.91.52.11.61.5
Transfers abroad0.90.60.70.50.4
Transfers to statutory boards0.10.10.20.00.1
Transfers to households2.42.52.62.12.7
Capital expenditure 1/12.215.322.215.07.9
Current balance6.02.50.63.2-2.4
Primary balance (after grants) 1/-1.0-5.8-14.50.43.7
Overall balance (before grants) 1/-6.1-12.7-21.3-11.7-10.2
Overall balance (after grants) 1/-3.2-8.5-19.2-4.8-2.8
Financing4.711.220.39.54.4
Foreign (net)6.54.526.13.35.8
Loans (net)6.54.526.13.39.5
Disbursements8.06.328.45.613.3
Amortization-1.4-1.8-2.3-2.2-3.9
Change in government assets0.00.00.00.0-3.7
Domestic (net)-0.44.5-1.96.1-3.2
Privatization proceeds0.00.00.20.00.0
Arrears-1.52.2-4.10.01.9
Statistical discrepancy-1.5-2.8-1.1-4.7-1.6
Sources: Ministry of Finance; and Fund staff estimates.

Includes 11.4 percent of GDP paid in 2002 to extinguish the lease arrangements on the National Stadium and Ministerial Complex, and reflected in capital expenditures.

Sources: Ministry of Finance; and Fund staff estimates.

Includes 11.4 percent of GDP paid in 2002 to extinguish the lease arrangements on the National Stadium and Ministerial Complex, and reflected in capital expenditures.

Table 7.Grenada: Central Government Revenue and Grants, 2000–04

(In millions of Eastern Caribbean dollars)

20002001200220032004
Total revenue and grants330.5330.5318.8413.2390.7
Total revenue297.9285.4295.2330.3302.5
Current revenue297.2284.9292.5330.0301.2
Capital revenue0.70.52.70.31.3
Grants32.645.223.582.988.2
Tax revenue265.2256.7262.4298.3278.8
Taxes on income and profits52.057.343.547.543.0
Individuals6.78.58.810.111.3
Companies44.246.532.535.530.3
Business levy0.50.30.10.10.1
Other0.72.12.11.81.3
Taxes on property9.210.018.017.016.4
Property tax4.24.55.15.35.3
Inheritance tax0.10.00.00.00.1
Land (property) transfer tax5.05.612.911.711.0
Taxes on domestic transactions51.045.449.659.052.4
Consumption tax26.426.325.628.326.3
Stamp duty3.02.93.44.14.7
Motor vehicle tax3.83.02.43.83.6
Licenses9.25.611.014.58.9
Airline ticket tax2.12.11.92.12.5
Other (including cruise ship tax)6.55.55.36.26.4
Taxes on international transactions152.8143.9151.3174.8167.1
Import duty34.032.231.742.438.4
Consumption tax87.484.783.793.693.0
Petrol tax2.01.56.41.50.2
Customs services charge27.225.525.531.729.7
Other taxes on international trade2.20.04.15.65.8
Nontax revenue32.128.230.131.822.3
Government fees and charges5.14.65.05.75.6
Offshore revenue11.31.80.10.00.0
Dividends and profits from government enterprises4.75.716.613.15.8
ECCB profits1.72.72.11.61.4
Rents and interest income1.41.70.91.62.0
Miscellaneous fees and service charges7.911.45.28.97.3
Miscellaneous revenues0.00.30.30.80.2
Source: Ministry of Finance.
Source: Ministry of Finance.
Table 8.Grenada: Central Government Revenue and Grants, 2000–04

(In percent of GDP)

20002001200220032004
Total revenue and grants29.831.029.034.533.1
Total revenue26.926.826.827.625.6
Current revenue26.826.726.627.525.5
Capital revenue0.10.00.20.00.1
Grants2.94.22.16.97.5
Tax revenue23.924.123.824.923.6
Taxes on income and profits4.75.44.04.03.6
Individuals0.60.80.80.81.0
Companies4.04.43.03.02.6
Business levy0.00.00.00.00.0
Other0.10.20.20.20.1
Taxes on property0.80.91.61.41.4
Property tax0.40.40.50.40.5
Inheritance tax0.00.00.00.00.0
Land (property) transfer tax0.50.51.21.00.9
Taxes on domestic transactions4.64.34.54.94.4
Consumption tax2.42.52.32.42.2
Stamp duty0.30.30.30.30.4
Motor vehicle tax0.30.30.20.30.3
Licenses0.80.51.01.20.8
Airline ticket tax0.20.20.20.20.2
Other (including cruise ship tax)0.60.50.50.50.5
Taxes on international transactions13.813.513.714.614.1
Import duty3.13.02.93.53.3
Consumption tax7.97.97.67.87.9
Petrol tax0.20.10.60.10.0
Customs services charge2.52.42.32.62.5
Other taxes on international trade0.20.00.40.50.5
Nontax revenue2.92.62.72.71.9
Government fees and charges0.50.40.50.50.5
Offshore revenue1.00.20.00.00.0
Dividends and profits from government enterprises0.40.51.51.10.5
ECCB profits0.20.30.20.10.1
Rents and interest income0.10.20.10.10.2
Miscellaneous fees and service charges0.71.10.50.70.6
Miscellaneous revenues0.00.00.00.10.0
Source: Ministry of Finance.
Source: Ministry of Finance.
Table 9.Grenada: Central Government Social Expenditure, 2000–04
20002001200220032004
(In millions of Eastern Caribbean dollars)
Total expenditure365.7420.6529.8470.8423.4
Current expenditure230.5258.0285.4291.6329.6
Of which
Education42.644.755.856.761.8
Health29.334.838.639.239.7
Housing development0.30.30.30.00.0
Community development0.50.40.30.30.3
Social protection34.434.836.233.340.2
Capital expenditure 1/135.2162.6244.4179.193.8
Of which
Education16.218.115.012.04.5
Health19.128.612.89.53.9
Housing development0.00.00.00.03.0
Community development1.11.00.20.30.1
Social protection1.00.60.50.30.2
(In percent of GDP)
Total expenditure33.039.548.239.335.9
Current expenditure20.824.225.924.327.9
Of which
Education3.84.25.14.75.2
Health2.63.33.53.33.4
Housing development0.00.00.00.00.0
Community development0.00.00.00.00.0
Social protection3.13.33.32.83.4
Capital expenditure 1/12.215.322.215.07.9
Of which
Education1.51.71.41.00.4
Health1.72.71.20.80.3
Housing development0.00.00.00.00.3
Community development0.10.10.00.00.0
Social protection0.10.10.00.00.0
Source: Ministry of Finance.

EC$123.6 million (11.4 percent of GDP) was paid in 2002 to extinguish the lease arrangements on the National Stadium and Ministerial Complex, and reflected in capital expenditures.

Source: Ministry of Finance.

EC$123.6 million (11.4 percent of GDP) was paid in 2002 to extinguish the lease arrangements on the National Stadium and Ministerial Complex, and reflected in capital expenditures.

Table 10.Grenada: Operations of the National Insurance Scheme, 2000–04

(In millions of Eastern Caribbean dollars)

20002001200220032004
Current revenue45.452.073.660.363.3
Contributions from government 1/6.410.028.811.314.0
Government share3.25.016.06.37.8
Employee share3.25.012.85.06.2
Other contributions22.524.324.025.525.2
Investment income16.517.720.823.524.1
Current expenditure15.118.919.622.925.0
Benefit payments11.713.416.618.219.6
Wages and salaries1.62.12.02.52.9
General administration1.83.41.02.22.5
Current balance30.333.154.037.438.3
Capital expenditure1.00.60.31.20.6
Overall balance29.332.553.736.237.7
Source: National Insurance Scheme.

In 2002, the government increased its contributions to clear arrears.

Source: National Insurance Scheme.

In 2002, the government increased its contributions to clear arrears.

Table 11.Grenada: Consolidated Accounts of the Banking System, 2000-04
20002001200220032004
(In millions of Eastern Caribbean dollars)
Net foreign assets136.7209.9327.7395.1620.8
Net imputed reserves (ECCB)155.7174.0237.2224.7328.6
Commercial banks’ net foreign assets-19.035.990.6170.4292.2
Net domestic assets849.2880.5839.6865.3862.6
Net credit to the public sector39.987.738.865.1-16.3
Central government59.893.371.1126.675.0
Nonfinancial public enterprises-19.9-5.6-32.3-61.4-91.3
Credit to private sector878.4886.4896.2933.0996.4
Other 1/-69.1-93.7-95.4-132.8-117.6
Money plus quasi-money (M2)985.81,090.41,167.41,260.41,483.4
Money182.4192.3212.0241.1340.2
Quasi-money803.5898.0955.41,019.31,143.1
(Annual percentage change) 2/
Net foreign assets0.37.410.85.817.9
Net domestic assets15.03.2-3.72.2-0.2
Net credit to the public sector3.64.9-4.52.3-6.5
Central government1.93.4-2.04.8-4.1
Nonfinancial public enterprises1.71.5-2.4-2.5-2.4
Credit to private sector12.90.80.93.15.0
Other 1/-1.6-2.5-0.2-3.21.2
Money plus quasi-money (M2)15.410.67.18.017.7
Memorandum items:
Loans/deposits ratio (in percent)80.179.272.568.157.6
Net liquid assets/total deposits (in percent)17.720.527.933.439.9
Source: Eastern Caribbean Central Bank.

Includes intra-banking system float.

In relation to M2 at the beginning of the period.

Source: Eastern Caribbean Central Bank.

Includes intra-banking system float.

In relation to M2 at the beginning of the period.

Table 12.Grenada: Summary Operations of the Eastern Caribbean Central Bank, 2000-04

(In millions of Eastern Caribbean dollars)

20002001200220032004
Net (imputed) international reserves 1/155.7174.0237.2224.7328.6
Net claims on commercial banks-92.2-111.1-139.6-149.4-225.5
Claims0.00.00.00.00.0
Liabilities-92.2-111.1-139.6-149.5-225.5
Currency held by banks-32.0-34.6-31.1-33.1-31.8
Statutory reserves-60.2-76.5-108.4-116.4-193.7
Fixed deposits0.00.00.00.00.0
Net domestic assets7.67.3-22.49.4-1.1
Net credit to central government7.77.4-22.09.5-0.8
Treasury bills2.32.91.11.11.1
Debentures5.72.72.71.60.9
Temporary advances0.01.30.312.20.0
Interest on securities0.20.00.00.10.0
Other claims5.52.81.40.00.0
Central government deposits-5.9-2.3-27.6-5.5-2.8
Net credit to the rest of the public sector-0.1-0.1-0.40.0-0.3
Currency in circulation71.170.275.284.7102.1
Total currency issued103.2104.8106.3117.8133.9
Less: currency held by banks32.034.631.133.131.8
Source: Eastern Caribbean Central Bank.

Share of Grenada in the international reserves of the ECCB, calculated as the difference between liabilities to the private sector (currency in circulation) and net claims on commercial banks and the government.

Source: Eastern Caribbean Central Bank.

Share of Grenada in the international reserves of the ECCB, calculated as the difference between liabilities to the private sector (currency in circulation) and net claims on commercial banks and the government.

Table 13.Grenada: Consolidated Accounts of the Commercial Banks, 2000-04

(In millions of Eastern Caribbean dollars)

20002001200220032004
Net foreign assets-19.035.990.6170.4292.2
Foreign assets188.5305.7372.4461.7701.5
Foreign currency holdings5.35.96.56.55.8
Claims on ECCB area banks14.950.646.463.7114.5
Claims on banks abroad50.279.568.5125.1216.6
Other118.1169.7251.0266.5364.5
Foreign liabilities207.5269.8281.9291.3409.3
Balances due to ECCB area banks3.47.59.014.945.4
Balances due to banks abroad33.563.359.928.138.5
Nonresident deposits169.4186.6211.6246.4324.9
Other1.212.41.31.90.5
Net position with ECCB92.2107.6138.2147.6237.6
Net claims on ECCB92.2107.6138.2149.5237.6
Currency holdings32.034.631.133.131.8
Current deposits48.864.476.689.0186.4
Fixed deposits and call accounts11.48.630.427.45.9
Other0.00.00.00.013.5
Liabilities to ECCB0.00.00.01.90.0
Net domestic assets841.5876.7863.5857.7851.5
Net credit to government52.185.993.1117.175.8
Treasury bills16.815.623.529.929.8
Other securities32.232.231.338.737.5
Loans and advances36.157.660.975.460.3
Deposits-33.1-19.4-22.5-26.8-51.8
Net credit to National Insurance Scheme-38.6-46.1-73.0-73.1-92.5
Net credit to public enterprises18.740.541.211.71.4
Loans, advances, and investments46.465.875.831.422.9
Deposits-27.7-25.3-34.7-19.8-21.4
Net credit to other financial institutions-6.9-7.6-7.3-27.9-90.0
Loans, advances, and investments31.539.355.929.917.5
Deposits-38.4-46.9-63.1-57.8-107.5
Credit to private sector878.4886.4896.2933.0996.4
Interbank float9.72.06.8-3.1-2.6
Claims17.412.316.115.211.0
Liabilities-7.7-10.3-9.4-18.2-13.6
Net unclassified assets-71.8-84.5-93.5-100.0-37.1
Liabilities to the private sector914.71,020.21,092.21,175.71,381.3
Demand deposits111.2122.1136.8156.4238.1
Saving deposits493.8540.0632.1692.6840.5
Time deposits240.7283.3243.9230.7213.5
Foreign currency deposits68.974.879.496.089.2
Source: Eastern Caribbean Central Bank.
Source: Eastern Caribbean Central Bank.
Table 14.Grenada: Distribution of Commercial Bank Loans and Advances, 2000-04
20002001200220032004
(In millions of Eastern Caribbean dollars at end of period)
Total978.31,064.31,085.51,088.91,140.2
Households517.8578.6621.5651.8676.7
Acquisition of property323.0340.5334.4377.8378.2
Durable consumer goods48.843.140.940.945.1
Other146.0195.0246.3233.1253.5
Government and statutory bodies36.659.960.973.263.6
Agriculture12.19.118.116.917.0
Tree crops7.74.313.711.713.1
Other4.44.84.55.24.0
Fisheries4.45.14.74.73.9
Mining and quarrying2.96.11.71.91.1
Manufacturing21.126.034.641.330.0
Utilities46.334.131.934.332.6
Construction35.934.528.830.853.7
Distributive trade104.991.285.382.784.3
Tourism58.554.057.243.968.7
Entertainment14.817.218.418.39.6
Transport45.487.176.938.635.4
Financial institutions4.25.77.810.16.0
Professional and other services73.355.837.640.457.6
(In percent of total)
Households52.954.457.359.959.4
Acquisition of property33.032.030.834.733.2
Durable consumer goods5.04.03.83.84.0
Other14.918.322.721.422.2
Government and statutory bodies3.75.65.66.75.6
Agriculture1.20.91.71.61.5
Tree crops0.80.41.31.11.1
Other0.40.50.40.50.3
Fisheries0.50.50.40.40.3
Mining and quarrying0.30.60.20.20.1
Manufacturing2.22.43.23.82.6
Utilities4.73.22.93.12.9
Construction3.73.22.72.84.7
Distributive trade10.78.67.97.67.4
Tourism6.05.15.34.06.0
Entertainment1.51.61.71.70.8
Transport4.68.27.13.53.1
Financial institutions0.40.50.70.90.5
Professional and other services7.55.23.53.75.1
Source: Eastern Caribbean Central Bank.
Source: Eastern Caribbean Central Bank.
Table 15.Grenada: Selected Interest Rates, 2000-04

(End of period, in percent per annum)

20002001200220032004
ECCB discount rate8.007.007.006.506.50
Interbank rate6.796.185.304.57
Treasury bill rate (1 year)7.007.006.006.00
Commercial bank average deposit rates
Total deposit rate 1/4.214.203.213.432.82
local currency3.462.91
foreign currency3.041.30
Demand deposit rate0.440.43
local currency0.340.43
foreign currency1.280.45
Savings deposit rate3.193.27
local currency3.173.38
foreign currency3.561.08
Time deposit rate5.814.19
local currency5.984.32
foreign currency3.652.52
Ranges for commercial bank deposit rates
Demand deposits0.00-5.500.00-5.500.00-3.750.00-3.000.00-3.75
Savings deposits4.00-6.004.00-6.003.00-5.003.00-5.503.00-4.00
Time deposits
3 months0.00-6.250.00-6.251.50-5.751.00-3.751.00-3.75
6 months0.00-6.250.00-6.251.50-6.251.00-4.251.00-4.00
12 months1.50-8.001.50-8.001.50-6.501.00-8.001.00-8.00
Commercial bank lending rates
Prime rate9.50-10.509.50-10.508.50-10.508.50-9.508.50-9.50
Average lending rate 1/11.4910.0710.5012.4110.02
local currency12.2310.14
foreign currency16.776.91
Memorandum item:
Libor on U.S. dollar six-month
deposits (average)6.653.731.871.231.79
Source: Eastern Caribbean Central Bank.

Break in the data series in 2003.

Source: Eastern Caribbean Central Bank.

Break in the data series in 2003.

Table 16.Grenada: Balance of Payments, 2000–04
2000200120022003Prel.

2004
(In millions of U.S. dollars)
Current account balance-88.1-105.0-130.3-144.9-76.0
Exports (f.o.b.)83.063.641.445.535.0
Imports (f.o.b.)220.4196.4181.0226.4235.7
Services (net)63.748.438.847.953.7
Of which
Travel (net)85.075.981.395.283.4
Income (net)-34.4-41.8-52.9-48.4-53.3
Transfers (net)20.121.123.336.5124.2
Capital and financial account95.989.8135.1134.984.0
Capital account (transfers)32.142.531.843.233.3
Financial account63.847.2103.391.750.7
Of which
Public sector net borrowing 1/25.417.5113.741.951.4
Direct investment (net)37.458.757.682.139.6
Portfolio investment (net)19.4-0.3107.727.423.1
Other investments (net)6.9-11.2-62.0-17.8-12.0
Net errors and omissions-1.221.126.4-2.838.6
Overall balance6.65.831.2-12.846.5
Memorandum item:
External public sector debt 1/144.0179.7340.5355.8415.6
(In percent of GDP)
Current account balance-21.5-26.6-32.0-32.7-17.4
Trade balance-33.5-33.6-34.2-40.8-45.9
Exports of goods20.216.110.210.38.0
Imports of goods53.749.844.451.053.9
Service, income, and transfers12.07.02.38.128.5
Of which
Travel (net)20.719.219.921.519.1
Capital and financial account23.422.733.230.419.2
Capital and financial account, including
errors and omissions23.128.139.629.828.0
Public sector net borrowing 1/6.24.427.99.511.7
Direct investment (net)9.114.914.118.59.1
Overall balance1.61.57.7-2.910.6
External public sector debt 1/35.145.583.680.295.0
(Annual percentage change)
Exports of goods11.7-23.3-34.910.0-23.1
Imports of goods19.7-10.9-7.825.14.1
Travel (net)4.8-10.77.217.2-12.4
Sources: Eastern Caribbean Central Bank; Ministry of Finance; and Fund staff estimates.

Includes central government debt, government-guaranteed debt, and non-guaranteed public enterprise debt.

Sources: Eastern Caribbean Central Bank; Ministry of Finance; and Fund staff estimates.

Includes central government debt, government-guaranteed debt, and non-guaranteed public enterprise debt.

Table 17.Grenada: Merchandise Exports, f.o.b., 2000-04
20002001200220032004
(Values in millions of U.S. dollars, volumes in millions of pounds, unit values in U.S. dollars per pound)
Merchandise exports 1/78.159.539.141.831.0
Re-exports5.24.65.412.16.7
Domestic exports72.954.933.629.724.4
Bananas
Value0.20.20.20.20.2
Volume0.60.50.40.30.4
Unit value0.10.10.20.20.2
Cocoa
Value1.61.21.41.22.0
Volume0.90.60.70.50.7
Unit value0.70.80.81.01.2
Nutmeg
Value11.913.712.410.09.8
Volume1.42.01.91.51.6
Unit value3.22.52.52.52.3
Mace
Value1.51.11.11.20.8
Volume0.10.20.20.20.1
Unit value3.82.52.52.92.3
Fish
Value3.23.83.74.33.0
Volume0.40.40.50.50.4
Unit value3.13.22.93.03.1
Paper products
Value1.81.81.92.32.1
Flour
Value4.64.84.13.32.7
Electronic components
Value41.123.31.90.20.1
Other
Value7.05.16.97.13.5
(Annual percentage change)
Merchandise exports 1/12.5-23.8-34.47.1-25.8
Re-exports44.6-11.917.3123.4-45.0
Domestic exports10.7-24.7-38.7-11.7-18.0
Bananas
Value67.9-22.814.0-11.224.3
Volume24.6-20.2-9.7-21.024.1
Unit value34.8-3.226.312.40.2
Cocoa
Value12.8-24.419.7-14.665.9
Volume10.8-30.616.9-34.443.6
Unit value1.88.82.430.215.5
Nutmeg
Value-20.214.7-9.0-19.8-2.1
Volume-35.946.0-7.8-22.28.7
Unit value24.6-21.5-1.23.1-9.9
Mace
Value-22.9-25.94.13.4-27.3
Volume-15.611.46.2-11.0-10.0
Unit value-8.6-33.5-2.016.2-19.2
Fish
Value2.618.2-2.017.6-30.1
Volume-11.614.45.816.2-32.9
Unit value16.13.4-7.41.24.1
Paper products
Value-9.0-5.211.317.1-6.1
Flour
Value29.14.7-15.2-19.3-17.3
Electronic components
Value29.1-43.2-92.0-92.0-62.6
Other
Value0.5-26.333.63.6-50.3
Sources: Central Statistics Office (CSO), Ministry of Finance; and Fund staff estimates.

Does not include goods procured in ports by carriers.

Sources: Central Statistics Office (CSO), Ministry of Finance; and Fund staff estimates.

Does not include goods procured in ports by carriers.

Table 18.Grenada: Merchandise Imports, c.i.f., 2000–04
2000200120022003Prel.

2004
(In millions of U.S. dollars)
Recorded imports246.0219.2202.0254.4263.1
Food and live animals38.838.138.339.255.9
Beverages and tobacco5.04.64.85.37.0
Crude materials (nonfuel)7.04.75.47.07.9
Mineral fuels and lubricants22.322.320.418.625.3
Animal and vegetable oils0.50.50.60.80.9
Chemicals16.123.216.117.417.7
Manufactured goods41.337.436.947.553.9
Machinery and transport equipment80.560.450.577.647.0
Miscellaneous manufactured goods34.328.029.041.147.6
Other commodities and transactions0.10.00.10.00.0
(In percent of recorded imports)
Food and live animals15.817.418.915.421.2
Beverages and tobacco2.02.12.42.12.6
Crude materials (nonfuel)2.82.12.72.83.0
Mineral fuels and lubricants9.110.210.17.39.6
Animal and vegetable oils0.20.20.30.30.3
Chemicals6.610.68.06.86.7
Manufactured goods16.817.118.318.720.5
Machinery and transport equipment32.727.525.030.517.9
Miscellaneous manufactured goods13.912.814.416.118.1
Other commodities and transactions0.00.00.00.00.0
(Annual percentage change)
Food and live animals4.1-1.90.52.442.7
Beverages and tobacco31.6-7.52.810.232.5
Crude materials (nonfuel)24.2-32.915.729.412.9
Mineral fuels and lubricants20.40.2-8.8-8.735.9
Animal and vegetable oils2.0-1.424.427.15.8
Chemicals10.943.8-30.88.51.7
Manufactured goods8.1-9.5-1.428.813.4
Machinery and transport equipment35.1-25.0-16.353.5-39.4
Miscellaneous manufactured goods25.8-18.53.941.415.8
Other commodities and transactions4.2-64.345.9-81.0-100.0
Sources: Central Statistical Office (CSO); Ministry of Finance; and Fund staff estimates.
Sources: Central Statistical Office (CSO); Ministry of Finance; and Fund staff estimates.
Table 19.Grenada: Direction of Trade, 2000-04
20002001200220032004
(In millions of Eastern Caribbean dollars)
Merchandise exports (f.o.b.)211.0160.7105.5112.983.7
Canada2.01.81.11.4
CARICOM33.134.831.828.5
EU63.756.235.036.3
United Kingdom3.11.91.41.2
Other60.654.333.635.1
United States102.262.331.739.1
Central and South America3.03.62.71.5
Other7.02.13.36.2
Merchandise imports (c.i.f.)664.1591.8545.5686.9710.3
Canada17.616.313.216.0
CARICOM162.6156.0147.1163.1
EU94.468.571.6113.5
United Kingdom58.741.334.541.2
Other35.727.237.172.3
Japan28.224.117.830.7
United States293.5269.1234.5283.7
Central and South America28.725.126.734.5
Other39.132.634.445.5
(In percent of total)
Merchandise exports (f.o.b.)
Canada0.91.11.01.2
CARICOM15.721.730.125.2
EU30.234.933.132.1
United Kingdom1.51.21.31.1
Other28.733.831.831.1
United States48.438.830.034.6
Central and South America1.42.22.61.3
Other3.31.33.15.5
Merchandise imports (c.i.f.)
Canada2.72.82.42.3
CARICOM24.526.427.023.7
EU14.211.613.116.5
United Kingdom8.87.06.36.0
Other5.44.66.810.5
Japan4.24.13.34.5
United States44.245.543.041.3
Venezuela4.34.24.95.0
Other5.95.56.36.6
Source: Central Statistical Office (CSO), Ministry of Finance.
Source: Central Statistical Office (CSO), Ministry of Finance.
Table 20.Grenada: External Trade Volume, Unit Value, and Terms of Trade, 2000-04
20002001200220032004
(Indices, 1999 = 100)
Value
Exports108.390.781.392.377.8
Merchandise exports112.585.756.260.244.6
Tourism105.094.6101.0117.5103.9
Merchandise imports119.7106.798.3123.8128.0
Unit values
Exports104.3100.5108.6116.3104.7
Merchandise exports99.494.995.8104.9105.6
Tourism108.8104.8115.3121.7104.4
Merchandise imports105.1100.0102.5115.9131.9
Volumes
Exports103.990.374.879.374.3
Merchandise exports113.190.358.757.442.3
Tourism96.690.387.696.699.5
Merchandise imports113.8106.795.9106.997.1
Terms of trade
Merchandise goods94.694.993.590.580.1
Goods and tourism99.2100.5105.9100.479.4
(Annual percentage change)
Value
Exports8.3-16.3-10.413.6-15.7
Merchandise exports12.5-23.8-34.47.1-25.8
Tourism5.0-9.96.716.4-11.6
Merchandise imports19.7-10.9-7.825.93.4
Unit values
Exports4.3-3.78.17.2-10.0
Merchandise exports-0.6-4.50.99.50.6
Tourism8.8-3.610.05.5-14.2
Merchandise imports5.1-4.92.513.013.8
Volumes
Exports3.9-13.1-17.16.0-6.3
Merchandise exports13.1-20.2-35.0-2.2-26.3
Tourism-3.4-6.5-3.010.33.0
Merchandise imports13.8-6.3-10.111.4-9.2
Terms of trade
Merchandise goods-5.40.4-1.6-3.1-11.6
Goods and tourism-0.81.35.4-5.2-20.9
Sources: Central Statistical Office (CSO), Ministry of Finance; and Fund staff estimates.
Sources: Central Statistical Office (CSO), Ministry of Finance; and Fund staff estimates.
Table 21.Grenada: Selected Tourism Statistics, 2000-04
2000200120022003Prel.

2004
Total arrivals (thousands)316.5277.6271.4291.7364.1
Stayover arrivals 1/128.9123.4121.1133.7127.3
United States32.532.230.030.927.5
Canada4.85.44.35.35.1
West Indies23.827.233.236.939.2
United Kingdom32.228.528.732.527.6
Germany4.63.72.43.02.3
Nonresident Grenadians18.115.014.816.719.1
Other12.811.47.78.46.6
Yachts9.04.23.2
Other sea arrivals2.42.00.5
Cruiseship passengers180.3147.4135.1146.9226.9
Excursionists7.36.83.94.96.1
Volume of tourism (thousand days)1,115.51,046.01,062.11,234.21,391.4
Stayover arrivals 1/927.8891.8886.31,060.41,145.7
Yachts29.214.810.8
Other sea arrivals7.77.11.8
Cruiseship passengers180.3147.4135.1146.9226.9
Excursionists7.36.83.94.96.1
Average daily expenditure per visitor (US$)
Stayover arrivals 1/71.967.772.270.856.3
Yachts24.725.226.0
Other sea arrivals24.725.226.0
Cruiseship passengers18.218.318.518.919.5
Excursionists24.424.424.725.226.0
Total recorded expenditure (US$ million)70.263.267.578.569.4
Stayover arrivals 1/66.760.464.075.164.5
Yachts0.70.40.3
Other sea arrivals0.20.20.0
Cruiseship passengers3.32.72.52.84.4
Excursionists0.20.20.10.10.2
Adjusted total expenditure (US$ million) 2/92.683.589.0103.691.6
(Percentage share of stayover visitors)
United States25.326.124.723.121.6
Canada3.84.43.64.04.0
West Indies18.422.127.527.630.8
United Kingdom25.023.123.724.321.7
Germany3.63.02.02.31.8
Nonresident Grenadians14.012.112.212.515.0
Other9.99.26.36.35.1
(Annual percentage change)
Total arrivals-16.5-12.3-2.27.524.8
Stayover visitors 1/2.9-4.3-1.810.4-4.8
Total expenditure (US$ million)5.0-9.96.716.4-11.6
Volume of tourism (days)-4.7-6.21.516.212.7
Sources: Grenada Tourism Board; Eastern Caribbean Central Bank; Central Statistical Office (CSO), Ministry of Finance; and Fund staff estimates.

Data before 2002 include yachts and other sea arrivals.

Recorded expenditure adjusted for under-reporting.

Sources: Grenada Tourism Board; Eastern Caribbean Central Bank; Central Statistical Office (CSO), Ministry of Finance; and Fund staff estimates.

Data before 2002 include yachts and other sea arrivals.

Recorded expenditure adjusted for under-reporting.

Table 22.Grenada: Effective Exchange Rate Indices, 2000–04

(1990 = 100)

Real Effective

Exchange Rate
Nominal Effective

Exchange Rate
Average
2000110.5181.2
I107.6176.3
II109.5180.1
III111.1182.5
IV113.8185.8
2001113.1187.4
I112.1184.1
II114.2188.8
III113.2188.1
IV113.1188.5
2002111.3186.0
I113.5189.7
II111.6186.8
III110.0183.2
IV110.2184.1
2003104.1174.7
I107.0179.2
II104.4174.8
III104.0175.0
IV100.9169.9
200499.1166.5
I99.0166.0
II100.8168.8
III99.7167.6
IV97.0163.8
End of Period
2000113.0184.5
2001113.0188.5
2002109.1182.8
200399.8167.9
200495.2160.9
Source: IMF Information Notice System.
Source: IMF Information Notice System.
Table 23.Grenada: Public and Publicly-Guaranteed Debt, 2003-04

(Year end, in millions of U.S. dollars)

20032004 1/
Percent ofPercent of
StockTotal DebtGDPStockTotal DebtGDP
Public and publicly guaranteed debt 2/488.2100.0110.0565.8100.0129.4
Central government debt379.277.785.5452.179.9103.4
Central-government guaranteed debt97.319.921.9102.018.023.3
Other public sector debt11.72.42.611.72.12.7
External debt355.872.980.2415.673.595.0
A. Central government271.555.661.2330.458.475.5
1. Multilateral86.617.719.5101.618.023.2
CDB54.411.112.360.610.713.9
IDA19.23.94.321.23.84.9
IBRD6.41.31.47.81.41.8
IMF4.00.80.99.01.62.1
OPEC1.30.30.31.20.20.3
EIB1.00.20.21.00.20.2
IFAD0.40.10.10.60.10.1
2. Official bilateral52.810.811.951.29.011.7
Paris Club 3/8.51.71.97.41.31.7
France4.30.91.04.20.71.0
U.S.2.00.40.51.50.30.3
U.K.1.70.40.41.70.30.4
Netherlands0.40.10.10.00.00.0
Other44.39.110.043.87.710.0
Taiwan Province of China20.64.24.620.83.74.8
Kuwait17.33.53.916.83.03.8
Libya5.01.01.15.00.91.1
Algeria0.60.10.10.60.10.1
Trinidad and Tobago0.50.10.10.50.10.1
Venezuela0.40.10.10.20.00.0
3. Commercial, total132.127.129.8177.731.440.6
Bonds129.526.529.2175.731.140.2
International Bonds100.020.522.5104.718.523.9
RBTT Merchant Bank Ltd. bonds0.00.00.042.27.59.7
Unit Trust Corporation (T&T) bonds10.62.22.410.61.92.4
Citibank (T&T) bonds9.92.02.29.91.72.3
Royal Merchant Bank (T&T) bonds9.11.92.08.41.51.9
Other commercial2.60.50.61.90.30.4
South Trust Bank (U.S.)2.30.50.51.70.30.4
Other0.30.10.10.20.00.0
B. Central-government guaranteed72.614.916.473.513.016.8
C. Other public sector11.72.42.611.72.12.7
Domestic debt132.527.129.8150.226.534.3
A. Central government107.822.124.3121.721.527.8
National Insurance Scheme28.45.86.428.45.06.5
Bonds17.63.64.027.74.96.3
Treasury bills32.46.67.326.94.76.1
Compensation claims14.83.03.314.82.63.4
Commercial bank loans8.81.82.022.94.15.2
Other5.81.21.31.00.20.2
B. Central-government guaranteed24.75.15.628.55.06.5
C. Other public sector0.00.00.00.00.00.0
Memorandum items:
Nominal GDP443.7437.3
Sources: Ministry of Finance; and Fund staff estimates.

Preliminary.

Includes central government liabilities to the National Insurance Scheme.

In addition, Russia put forward a claim of US$260,000, which the authorities intend to reconcile.

Sources: Ministry of Finance; and Fund staff estimates.

Preliminary.

Includes central government liabilities to the National Insurance Scheme.

In addition, Russia put forward a claim of US$260,000, which the authorities intend to reconcile.

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