Back Matter

This paper focuses on the independent states that are full members of the Caribbean Community. It provides background information on recent developments in the Caribbean region and lays out the principal policy issues that countries will need to address in the period ahead. The Caribbean countries face several common problems and must deal with similar economic policy issues. Consequently, concentrating on the regional perspective permits a comparison of the individual responses to similar problems. The regional view throws light on the countries' movement toward convergence. The economic prospects for the region are generally satisfactory over the medium term, but the projections depend importantly on the resolve of governments to pursue appropriate policies, as well as favorable developments in the rest of the world. The relatively favorable outlook for the region is not without risks, such as a slowdown in growth in the major trading partner countries or a term of trade shock.

Statistical Appendix

Table A1.

Caribbean Countries: GDP by Sector of Origin at Current Prices

(In percent of GDP, 1998 unless otherwise indicated)

Source: IMF, Recent Economic Developments reports.

^¹Includes petroleum sector (crude oil, refining, service, marketing, asphalt, and petrochemicals) for Trinidad and Tobago.

^²Includes hotels and restaurants for Belize and Suriname.

^³Includes financial services for Barbados, and hotels and restaurants for Guyana.

^⁴Preliminary.

^⁵Preliminary 1997.

^⁶1997.

Table A1.

Caribbean Countries: GDP by Sector of Origin at Current Prices

(In percent of GDP, 1998 unless otherwise indicated)

	Agriculture	Mining and Quarrying¹	Manufacturing	Construction	Wholesale and Retail Trade²	Hotels and Restaurants	Transport and Communication	Financial Services	Government Services	Other³
Antigua and Barbuda⁴	4.0	1.7	2.3	11.8	10.8	12.2	20.6	…	17.6	19.0
Barbados⁴	5.6	1.0	9.8	7.8	20.2	15.0	8.1	…	12.1	20.4
Belize⁵	22.3	0.7	16.7	5.8	16.9	…	14.4	4.7	7.4	11.1
Dominica⁴	20.2	0.9	8.8	7.8	11.3	2.6	16.7	10.7	18.8	2.2
Grenada⁶	9.5	0.5	7.0	7.3	12.1	7.9	24.5	…	16.5	14.6
Guyana	35.6	16.0	9.8	5.3	4.5	…	6.7	3.3	13.3	5.5
Jamaica⁴	8.0	4.9	15.1	11.4	23.0	2.0	11.8	7.6	12.7	3.5
St. Kitts and Nevis⁵	5.1	0.3	10.1	12.2	14.9	9.7	15.7	…	17.6	14.4
St. Lucia⁵	8.6	0.5	6.6	7.5	13.6	12.4	17.5	…	14.6	18.7
St. Vincent and the Grenadines⁴	9.2	0.3	5.3	11.9	13.2	1.6	17.4	6.4	15.2	16.3
Suriname	8.1	4.6	10.4	6.8	16.4	…	9.7	16.2	25.2	2.6
Trinidad and Tobago	2.2	19.7	8.3	9.8	16.7	1.2	9.4	14.7	9.4	8.6

Source: IMF, Recent Economic Developments reports.

^¹Includes petroleum sector (crude oil, refining, service, marketing, asphalt, and petrochemicals) for Trinidad and Tobago.

^²Includes hotels and restaurants for Belize and Suriname.

^³Includes financial services for Barbados, and hotels and restaurants for Guyana.

^⁴Preliminary.

^⁵Preliminary 1997.

^⁶1997.

Table A1.

Caribbean Countries: GDP by Sector of Origin at Current Prices

(In percent of GDP, 1998 unless otherwise indicated)

	Agriculture	Mining and Quarrying¹	Manufacturing	Construction	Wholesale and Retail Trade²	Hotels and Restaurants	Transport and Communication	Financial Services	Government Services	Other³
Antigua and Barbuda⁴	4.0	1.7	2.3	11.8	10.8	12.2	20.6	…	17.6	19.0
Barbados⁴	5.6	1.0	9.8	7.8	20.2	15.0	8.1	…	12.1	20.4
Belize⁵	22.3	0.7	16.7	5.8	16.9	…	14.4	4.7	7.4	11.1
Dominica⁴	20.2	0.9	8.8	7.8	11.3	2.6	16.7	10.7	18.8	2.2
Grenada⁶	9.5	0.5	7.0	7.3	12.1	7.9	24.5	…	16.5	14.6
Guyana	35.6	16.0	9.8	5.3	4.5	…	6.7	3.3	13.3	5.5
Jamaica⁴	8.0	4.9	15.1	11.4	23.0	2.0	11.8	7.6	12.7	3.5
St. Kitts and Nevis⁵	5.1	0.3	10.1	12.2	14.9	9.7	15.7	…	17.6	14.4
St. Lucia⁵	8.6	0.5	6.6	7.5	13.6	12.4	17.5	…	14.6	18.7
St. Vincent and the Grenadines⁴	9.2	0.3	5.3	11.9	13.2	1.6	17.4	6.4	15.2	16.3
Suriname	8.1	4.6	10.4	6.8	16.4	…	9.7	16.2	25.2	2.6
Trinidad and Tobago	2.2	19.7	8.3	9.8	16.7	1.2	9.4	14.7	9.4	8.6

Source: IMF, Recent Economic Developments reports.

^¹Includes petroleum sector (crude oil, refining, service, marketing, asphalt, and petrochemicals) for Trinidad and Tobago.

^²Includes hotels and restaurants for Belize and Suriname.

^³Includes financial services for Barbados, and hotels and restaurants for Guyana.

^⁴Preliminary.

^⁵Preliminary 1997.

^⁶1997.

Table A2.

Caribbean Countries: GDP by Sector of Origin

(In current prices, percent of GDP)

Source: IMF, Recent Economic Developments reports.

^¹Preliminary.

^²Preliminary 1997.

^³1997.

Table A2.

Caribbean Countries: GDP by Sector of Origin

(In current prices, percent of GDP)

	Agriculture and Mining		Manufacture and Construction		Trade, Transportation, Tourism, and Financial Services		Government Services
	1994	1998	1994	1998	1994	1998	1994	1998
Antigua and Barbuda¹	5.2	5.7	11.6	14.1	52.6	43.6	16.9	17.6
Barbados¹	7.2	6.6	15.9	17.6	42.7	43.3	13.4	12.1
Belize²	20.2	23.0	25.0	22.5	36.8	36.0	8.1	7.4
Dominica¹	22.5	21.1	15.4	16.6	41.7	41.3	19.6	18.8
Grenada³	12.3	10.0	13.9	14.4	50.3	44.5	18.1	16.5
Guyana	58.5	51.6	15.2	15.1	12.9	14.5	8.1	13.3
Jamaica¹	16.1	12.9	30.2	26.5	44.9	44.4	8.1	12.7
St. Kitts and Nevis²	6.1	5.4	21.2	22.3	50.6	40.3	19.3	17.6
St. Lucia²	10.4	9.1	14.8	14.1	53.0	43.5	14.2	14.6
St. Vincent and the Grenadines¹	9.7	9.5	17.6	17.7	39.0	38.8	14.9	15.2
Suriname	26.2	12.7	22.1	17.2	32.7	42.3	9.2	25.2
Trinidad and Tobago	32.1	21.9	15.4	18.1	34.8	42.0	10.1	9.4
Weighted average	21.8	16.2	20.7	20.7	39.6	41.8	10.5	12.3

Source: IMF, Recent Economic Developments reports.

^¹Preliminary.

^²Preliminary 1997.

^³1997.

Table A2.

Caribbean Countries: GDP by Sector of Origin

(In current prices, percent of GDP)

	Agriculture and Mining		Manufacture and Construction		Trade, Transportation, Tourism, and Financial Services		Government Services
	1994	1998	1994	1998	1994	1998	1994	1998
Antigua and Barbuda¹	5.2	5.7	11.6	14.1	52.6	43.6	16.9	17.6
Barbados¹	7.2	6.6	15.9	17.6	42.7	43.3	13.4	12.1
Belize²	20.2	23.0	25.0	22.5	36.8	36.0	8.1	7.4
Dominica¹	22.5	21.1	15.4	16.6	41.7	41.3	19.6	18.8
Grenada³	12.3	10.0	13.9	14.4	50.3	44.5	18.1	16.5
Guyana	58.5	51.6	15.2	15.1	12.9	14.5	8.1	13.3
Jamaica¹	16.1	12.9	30.2	26.5	44.9	44.4	8.1	12.7
St. Kitts and Nevis²	6.1	5.4	21.2	22.3	50.6	40.3	19.3	17.6
St. Lucia²	10.4	9.1	14.8	14.1	53.0	43.5	14.2	14.6
St. Vincent and the Grenadines¹	9.7	9.5	17.6	17.7	39.0	38.8	14.9	15.2
Suriname	26.2	12.7	22.1	17.2	32.7	42.3	9.2	25.2
Trinidad and Tobago	32.1	21.9	15.4	18.1	34.8	42.0	10.1	9.4
Weighted average	21.8	16.2	20.7	20.7	39.6	41.8	10.5	12.3

Source: IMF, Recent Economic Developments reports.

^¹Preliminary.

^²Preliminary 1997.

^³1997.

Table A3.

Caribbean Countries: Gross Tourist Receipts

Sources: IMF, Recent Economic Developments reports; and IMF staff estimates.

Table A3.

Caribbean Countries: Gross Tourist Receipts

	1994	1995	1996	1997	1998	Average
	(In percent of GDP)
Antigua and Barbuda	63.9	53.9	48.5	49.5	46.7	52.5
The Bahamas	29.1	32.5	30.9	29.6	27.5	29.9
Barbados	34.6	35.8	34.7	36.3	38.4	36.0
Belize	12.9	13.1	9.1	11.2	11.4	11.6
Dominica	17.4	18.5	19.6	20.7	18.0	18.8
Grenada	31.1	32.4	31.8	30.5	28.7	30.9
Guyana	6.3	5.3	4.8	14.9	15.0	9.3
Jamaica	21.0	22.4	17.7	16.6	17.6	19.1
St. Kitts and Nevis	45.9	28.9	30.6	31.9	32.7	34.0
St. Lucia	40.0	40.9	41.6	43.6	45.4	42.3
St. Vincent and the Grenadines	18.2	20.0	23.0	24.1	23.4	21.7
Suriname	3.0	3.8	1.8	1.0	0.2	2.0
Trinidad and Tobago	1.8	1.4	1.9	3.3	3.3	2.3
	(In percent of exports of goods and nonfactor services)
Antigua and Barbuda	67.9	62.4	63.5	63.2	63.5	64.1
The Bahamas	66.4	64.1	63.4	62.7	59.1	63.1
Barbados	60.0	57.7	55.5	55.5	57.3	57.2
Belize	24.9	26.3	18.6	21.3	23.1	22.9
Dominica	35.3	37.2	37.5	36.2	31.9	35.6
Grenada	62.1	65.6	62.7	60.1	59.9	62.1
Guyana	6.0	5.2	4.7	15.1	15.6	9.3
Jamaica	34.5	31.6	33.7	32.9	36.3	33.8
St. Kitts and Nevis	60.6	53.4	52.7	49.7	51.7	53.6
St. Lucia	60.0	59.7	63.2	67.0	69.1	63.8
St. Vincent and the Grenadines	39.1	38.8	44.0	49.6	46.4	43.6
Suriname	2.6	3.7	2.6	1.4	0.5	2.2
Trinidad and Tobago	3.8	2.5	3.6	6.2	6.8	4.6

Sources: IMF, Recent Economic Developments reports; and IMF staff estimates.

Table A3.

Caribbean Countries: Gross Tourist Receipts

	1994	1995	1996	1997	1998	Average
	(In percent of GDP)
Antigua and Barbuda	63.9	53.9	48.5	49.5	46.7	52.5
The Bahamas	29.1	32.5	30.9	29.6	27.5	29.9
Barbados	34.6	35.8	34.7	36.3	38.4	36.0
Belize	12.9	13.1	9.1	11.2	11.4	11.6
Dominica	17.4	18.5	19.6	20.7	18.0	18.8
Grenada	31.1	32.4	31.8	30.5	28.7	30.9
Guyana	6.3	5.3	4.8	14.9	15.0	9.3
Jamaica	21.0	22.4	17.7	16.6	17.6	19.1
St. Kitts and Nevis	45.9	28.9	30.6	31.9	32.7	34.0
St. Lucia	40.0	40.9	41.6	43.6	45.4	42.3
St. Vincent and the Grenadines	18.2	20.0	23.0	24.1	23.4	21.7
Suriname	3.0	3.8	1.8	1.0	0.2	2.0
Trinidad and Tobago	1.8	1.4	1.9	3.3	3.3	2.3
	(In percent of exports of goods and nonfactor services)
Antigua and Barbuda	67.9	62.4	63.5	63.2	63.5	64.1
The Bahamas	66.4	64.1	63.4	62.7	59.1	63.1
Barbados	60.0	57.7	55.5	55.5	57.3	57.2
Belize	24.9	26.3	18.6	21.3	23.1	22.9
Dominica	35.3	37.2	37.5	36.2	31.9	35.6
Grenada	62.1	65.6	62.7	60.1	59.9	62.1
Guyana	6.0	5.2	4.7	15.1	15.6	9.3
Jamaica	34.5	31.6	33.7	32.9	36.3	33.8
St. Kitts and Nevis	60.6	53.4	52.7	49.7	51.7	53.6
St. Lucia	60.0	59.7	63.2	67.0	69.1	63.8
St. Vincent and the Grenadines	39.1	38.8	44.0	49.6	46.4	43.6
Suriname	2.6	3.7	2.6	1.4	0.5	2.2
Trinidad and Tobago	3.8	2.5	3.6	6.2	6.8	4.6

Sources: IMF, Recent Economic Developments reports; and IMF staff estimates.

Table A4.

Caribbean Countries: Stayover and Cruise Tourist Arrivals

(In thousands)

Source: Caribbean Tourism Organization.

^¹Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A4.

Caribbean Countries: Stayover and Cruise Tourist Arrivals

(In thousands)

		1990	1991	1992	1993	1994	1995	1996	1997	1998
Caribbean total		19,924	21,084	22,096	23,296	24,311	24,545	25,931	28,127	29,005
Independent member countries of CARICOM		8,009	8,696	9,183	9,473	9,643	9,689	10,082	10,587	10,880
	Antigua and Barbuda	433	460	468	488	499	447	499	526	570
	The Bahamas	3,416	3,447	3,538	3,536	3,322	3,142	3,320	3,369	3,270
	Barbados	795	766	785	825	885	927	957	990	1,019
	Belize	221	216	249	285	328	329	349	307	302
	Dominica	52	111	137	140	182	195	257	295	302
	Grenada	265	281	284	294	310	358	375	357	382
	Guyana	64	73	75	107	113	106	92	76	66
	Jamaica	1,227	1,497	1,707	1,735	1,693	1,752	1,821	1,904	1,899
	St. Kitts and Nevis	110	137	162	172	207	200	170	191	247
	St. Lucia	240	312	342	349	390	408	416	559	624
	St. Vincent and the Grenadines	133	139	117	126	126	146	121	97	101
	Suriname	29	25	16	58	64	64	53	61	55
	Trinidad and Tobago	226	251	262	281	311	309	312	356	387
Other Caribbean countries		11,915	12,388	12,913	13,824	14,668	14,856	15,849	17,541	18,126
	Cuba	340	424	461	544	617	763	1,004	1,170	1,416
	Dominican Republic	1,580	1,467	1,574	1,664	1,817	1,806	2,037	2,482	2,703
	Puerto Rico	3,453	3,608	3,773	3,891	4,090	4,055	4,153	4,606	4.705
	Others¹	6,542	6,890	7,106	7,724	8,144	8,232	8,656	9,282	9,302
Memorandum item:
Share of independent countries members of CARICOM in total Caribbean (in percent)		40.2	41.2	41.6	40.7	39.7	39.5	38.9	37.6	37.5

Source: Caribbean Tourism Organization.

^¹Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A4.

Caribbean Countries: Stayover and Cruise Tourist Arrivals

(In thousands)

		1990	1991	1992	1993	1994	1995	1996	1997	1998
Caribbean total		19,924	21,084	22,096	23,296	24,311	24,545	25,931	28,127	29,005
Independent member countries of CARICOM		8,009	8,696	9,183	9,473	9,643	9,689	10,082	10,587	10,880
	Antigua and Barbuda	433	460	468	488	499	447	499	526	570
	The Bahamas	3,416	3,447	3,538	3,536	3,322	3,142	3,320	3,369	3,270
	Barbados	795	766	785	825	885	927	957	990	1,019
	Belize	221	216	249	285	328	329	349	307	302
	Dominica	52	111	137	140	182	195	257	295	302
	Grenada	265	281	284	294	310	358	375	357	382
	Guyana	64	73	75	107	113	106	92	76	66
	Jamaica	1,227	1,497	1,707	1,735	1,693	1,752	1,821	1,904	1,899
	St. Kitts and Nevis	110	137	162	172	207	200	170	191	247
	St. Lucia	240	312	342	349	390	408	416	559	624
	St. Vincent and the Grenadines	133	139	117	126	126	146	121	97	101
	Suriname	29	25	16	58	64	64	53	61	55
	Trinidad and Tobago	226	251	262	281	311	309	312	356	387
Other Caribbean countries		11,915	12,388	12,913	13,824	14,668	14,856	15,849	17,541	18,126
	Cuba	340	424	461	544	617	763	1,004	1,170	1,416
	Dominican Republic	1,580	1,467	1,574	1,664	1,817	1,806	2,037	2,482	2,703
	Puerto Rico	3,453	3,608	3,773	3,891	4,090	4,055	4,153	4,606	4.705
	Others¹	6,542	6,890	7,106	7,724	8,144	8,232	8,656	9,282	9,302
Memorandum item:
Share of independent countries members of CARICOM in total Caribbean (in percent)		40.2	41.2	41.6	40.7	39.7	39.5	38.9	37.6	37.5

Source: Caribbean Tourism Organization.

^¹Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A5.

Caribbean Countries: Stayover Tourist Arrivals

(In thousands)

Source: Caribbean Tourism Organization.

^¹Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A5.

Caribbean Countries: Stayover Tourist Arrivals

(In thousands)

		1990	1991	1992	1993	1994	1995	1996	1997	1998
Caribbean total		11,731	11,928	12,301	13,359	14,255	14,490	14,905	15,859	16,450
Independent member countries of CARICOM		3,938	3,991	4,086	4,416	4,593	4,698	4,780	4,866	4,862
	Antigua and Barbuda	206	205	218	249	263	220	228	240	234
	The Bahamas	1,562	1,427	1,399	1,489	1,516	1,598	1,633	1,618	1,540
	Barbados	432	394	386	396	426	442	447	472	512
	Belize	216	215	247	279	314	321	349	305	238
	Dominica	45	46	47	52	57	61	63	65	66
	Grenada	82	85	88	94	109	108	108	111	116
	Guyana	64	73	75	107	113	106	92	76	66
	Jamaica	841	1,007	1,057	1,105	1,098	1,147	1,162	1,192	1,225
	St. Kitts and Nevis	76	84	83	89	94	79	84	88	93
	St. Lucia	138	159	178	194	219	232	236	248	252
	St. Vincent and the Grenadines	54	52	53	57	55	60	58	65	67
	Suriname	29	25	16	58	64	64	53	61	55
	Trinidad and Tobago	194	220	235	248	266	260	266	324	348
Other Caribbean countries		7,793	7,937	8,215	8,943	9,661	9,792	10,125	10,993	11,588
	Cuba	340	424	461	544	617	763	1,004	1,170	1,416
	Dominican Republic	1,530	1,417	1,524	1,636	1,767	1,776	1,926	2,211	2,309
	Puerto Rico	2,560	2,613	2,754	2,923	3,113	3,054	3,128	3,379	3,461
	Others¹	3,363	3,483	3,477	3,839	4,164	4,200	4,067	4,233	4,402
Memorandum item:
Share of independent countries members of CARICOM in total Caribbean (in percent)		33.6	33.5	33.2	33.1	32.2	32.4	32.1	30.7	29.6

Source: Caribbean Tourism Organization.

^¹Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A5.

Caribbean Countries: Stayover Tourist Arrivals

(In thousands)

		1990	1991	1992	1993	1994	1995	1996	1997	1998
Caribbean total		11,731	11,928	12,301	13,359	14,255	14,490	14,905	15,859	16,450
Independent member countries of CARICOM		3,938	3,991	4,086	4,416	4,593	4,698	4,780	4,866	4,862
	Antigua and Barbuda	206	205	218	249	263	220	228	240	234
	The Bahamas	1,562	1,427	1,399	1,489	1,516	1,598	1,633	1,618	1,540
	Barbados	432	394	386	396	426	442	447	472	512
	Belize	216	215	247	279	314	321	349	305	238
	Dominica	45	46	47	52	57	61	63	65	66
	Grenada	82	85	88	94	109	108	108	111	116
	Guyana	64	73	75	107	113	106	92	76	66
	Jamaica	841	1,007	1,057	1,105	1,098	1,147	1,162	1,192	1,225
	St. Kitts and Nevis	76	84	83	89	94	79	84	88	93
	St. Lucia	138	159	178	194	219	232	236	248	252
	St. Vincent and the Grenadines	54	52	53	57	55	60	58	65	67
	Suriname	29	25	16	58	64	64	53	61	55
	Trinidad and Tobago	194	220	235	248	266	260	266	324	348
Other Caribbean countries		7,793	7,937	8,215	8,943	9,661	9,792	10,125	10,993	11,588
	Cuba	340	424	461	544	617	763	1,004	1,170	1,416
	Dominican Republic	1,530	1,417	1,524	1,636	1,767	1,776	1,926	2,211	2,309
	Puerto Rico	2,560	2,613	2,754	2,923	3,113	3,054	3,128	3,379	3,461
	Others¹	3,363	3,483	3,477	3,839	4,164	4,200	4,067	4,233	4,402
Memorandum item:
Share of independent countries members of CARICOM in total Caribbean (in percent)		33.6	33.5	33.2	33.1	32.2	32.4	32.1	30.7	29.6

Source: Caribbean Tourism Organization.

^¹Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A6.

Caribbean Countries: Cruise Passenger Arrivals¹

(In thousands)

Source: Caribbean Tourism Organization.

^¹No information available for cruise ship visitors for Guyana, Suriname, and Cuba.

^²Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A6.

Caribbean Countries: Cruise Passenger Arrivals¹

(In thousands)

		1990	1991	1992	1993	1994	1995	1996	1997	1998
Caribbean total		7,394	8,176	8,753	8,858	8,842	8,749	9,687	10,770	10,899
Independent member countries of CARICOM		3,271	3,725	4,055	3,977	3,835	3,685	3,962	4,222	4,362
	Antigua and Barbuda	227	256	250	238	236	227	271	286	336
	The Bahamas	1,854	2,020	2,139	2,047	1,806	1,544	1,687	1,751	1,730
	Barbados	363	372	400	429	460	485	510	518	507
	Belize	5	0	2	6	13	8	0	3	14
	Dominica	7	65	90	88	126	135	194	230	236
	Grenada	183	196	196	200	201	250	267	247	266
	Jamaica	386	491	650	630	595	605	658	712	674
	St. Kitts and Nevis	34	53	74	83	113	111	86	103	154
	St. Lucia	102	153	165	154	172	176	181	310	372
	St. Vincent and the Grenadines	79	83	63	69	71	85	63	31	34
	Trinidad and Tobago	32	32	27	33	45	49	46	32	39
Other Caribbean countries		4,123	4,452	4,698	4,881	5,006	5,064	5,725	6,548	6,538
	Dominican Republic	50	50	50	28	50	31	111	271	394
	Puerto Rico	893	995	1,019	968	977	1,001	1,025	1,227	1,243
	Others²	3,180	3,407	3,629	3,885	3,979	4,032	4,589	5,050	4,901
Memorandum item:
Share of independent countries members of CARICOM in total Caribbean (in percent)		44.2	45.6	46.3	44.9	43.4	42.1	40.9	39.2	40.0

Source: Caribbean Tourism Organization.

^¹No information available for cruise ship visitors for Guyana, Suriname, and Cuba.

^²Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A6.

Caribbean Countries: Cruise Passenger Arrivals¹

(In thousands)

		1990	1991	1992	1993	1994	1995	1996	1997	1998
Caribbean total		7,394	8,176	8,753	8,858	8,842	8,749	9,687	10,770	10,899
Independent member countries of CARICOM		3,271	3,725	4,055	3,977	3,835	3,685	3,962	4,222	4,362
	Antigua and Barbuda	227	256	250	238	236	227	271	286	336
	The Bahamas	1,854	2,020	2,139	2,047	1,806	1,544	1,687	1,751	1,730
	Barbados	363	372	400	429	460	485	510	518	507
	Belize	5	0	2	6	13	8	0	3	14
	Dominica	7	65	90	88	126	135	194	230	236
	Grenada	183	196	196	200	201	250	267	247	266
	Jamaica	386	491	650	630	595	605	658	712	674
	St. Kitts and Nevis	34	53	74	83	113	111	86	103	154
	St. Lucia	102	153	165	154	172	176	181	310	372
	St. Vincent and the Grenadines	79	83	63	69	71	85	63	31	34
	Trinidad and Tobago	32	32	27	33	45	49	46	32	39
Other Caribbean countries		4,123	4,452	4,698	4,881	5,006	5,064	5,725	6,548	6,538
	Dominican Republic	50	50	50	28	50	31	111	271	394
	Puerto Rico	893	995	1,019	968	977	1,001	1,025	1,227	1,243
	Others²	3,180	3,407	3,629	3,885	3,979	4,032	4,589	5,050	4,901
Memorandum item:
Share of independent countries members of CARICOM in total Caribbean (in percent)		44.2	45.6	46.3	44.9	43.4	42.1	40.9	39.2	40.0

Source: Caribbean Tourism Organization.

^¹No information available for cruise ship visitors for Guyana, Suriname, and Cuba.

^²Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A7.

Caribbean Countries: Number of Hotel Rooms

Source: Caribbean Tourism Organization.

^¹Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A7.

Caribbean Countries: Number of Hotel Rooms

		1990	1991	1992	1993	1994	1995	1996	1997	1998
Caribbean total		83,774	140,785	150,346	161,210	166,740	174,969	184,315	194,137	205,342
Independent member countries of CARICOM		36,855	51,266	54,416	56,729	58,167	60,149	63,005	63,622	65,498
	Antigua and Barbuda	1,350	2,752	3,317	3,317	3,317	3,317	3,185	3,185	3,185
	The Bahamas	11,429	13,165	13,541	13,521	13,398	13,421	13,288	13,288	14,243
	Barbados	6,680	5,387	5,902	5,580	5,685	5,084	6,315	5,349	5,752
	Belize	1,016	2,784	2,913	3,325	3,504	3,708	3,690	3,905	3,921
	Dominica	157	547	603	757	757	588	764	824	824
	Grenada	570	1,118	1,114	1,428	1,428	1,652	1,669	1,775	1,802
	Guyana	538	538	538	538	639	639	639	730	730
	Jamaica	10,092	17,337	18,489	18,935	19,760	20,896	21,984	22,954	22,713
	St. Kitts and Nevis	584	1,392	1,330	1,600	1,593	1,563	1,610	1,729	1,762
	St. Lucia	1,245	2,464	2,659	2,919	2,954	3,974	3,986	3,701	3,769
	St. Vincent and the Grenadines	500	1,109	1,164	1,230	1,215	1,176	1,251	1,254	1,550
	Suriname	553	532	532	927	967	1,024	1,088	1,276	1,276
	Trinidad and Tobago	2,141	2,141	2,314	2,652	2,950	3,107	3,536	3,652	3,971
Other Caribbean countries		46,919	89,519	95,930	104,481	108,573	114,820	121,310	130,515	139,844
	Cuba	7,526	16,638	18,682	22,561	23,254	24,233	26,878	31,837	35,708
	Dominican Republic	3,800	22,555	24,410	26,801	28,967	32,475	35,729	38,250	42,412
	Puerto Rico	9,224	7,897	8,415	8,581	9,519	10,251	10,245	10,849	11,828
	Others¹	26,369	42,429	44,423	46,538	46,833	47,861	48,458	49,579	49,896
Memorandum item:
Share of independent countries members of CARICOM in total Caribbean (in percent)		44.0	36.4	36.2	35.2	34.9	34.4	34.2	32.8	31.9

Source: Caribbean Tourism Organization.

^¹Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A7.

Caribbean Countries: Number of Hotel Rooms

		1990	1991	1992	1993	1994	1995	1996	1997	1998
Caribbean total		83,774	140,785	150,346	161,210	166,740	174,969	184,315	194,137	205,342
Independent member countries of CARICOM		36,855	51,266	54,416	56,729	58,167	60,149	63,005	63,622	65,498
	Antigua and Barbuda	1,350	2,752	3,317	3,317	3,317	3,317	3,185	3,185	3,185
	The Bahamas	11,429	13,165	13,541	13,521	13,398	13,421	13,288	13,288	14,243
	Barbados	6,680	5,387	5,902	5,580	5,685	5,084	6,315	5,349	5,752
	Belize	1,016	2,784	2,913	3,325	3,504	3,708	3,690	3,905	3,921
	Dominica	157	547	603	757	757	588	764	824	824
	Grenada	570	1,118	1,114	1,428	1,428	1,652	1,669	1,775	1,802
	Guyana	538	538	538	538	639	639	639	730	730
	Jamaica	10,092	17,337	18,489	18,935	19,760	20,896	21,984	22,954	22,713
	St. Kitts and Nevis	584	1,392	1,330	1,600	1,593	1,563	1,610	1,729	1,762
	St. Lucia	1,245	2,464	2,659	2,919	2,954	3,974	3,986	3,701	3,769
	St. Vincent and the Grenadines	500	1,109	1,164	1,230	1,215	1,176	1,251	1,254	1,550
	Suriname	553	532	532	927	967	1,024	1,088	1,276	1,276
	Trinidad and Tobago	2,141	2,141	2,314	2,652	2,950	3,107	3,536	3,652	3,971
Other Caribbean countries		46,919	89,519	95,930	104,481	108,573	114,820	121,310	130,515	139,844
	Cuba	7,526	16,638	18,682	22,561	23,254	24,233	26,878	31,837	35,708
	Dominican Republic	3,800	22,555	24,410	26,801	28,967	32,475	35,729	38,250	42,412
	Puerto Rico	9,224	7,897	8,415	8,581	9,519	10,251	10,245	10,849	11,828
	Others¹	26,369	42,429	44,423	46,538	46,833	47,861	48,458	49,579	49,896
Memorandum item:
Share of independent countries members of CARICOM in total Caribbean (in percent)		44.0	36.4	36.2	35.2	34.9	34.4	34.2	32.8	31.9

Source: Caribbean Tourism Organization.

^¹Includes Anguilla, Aruba, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Guadeloupe, Haiti, Martinique, Monserrat, Saba, St. Eustasius, St. Maarten, and U.S. Virgin Islands.

Table A8.

Caribbean Countries: Principal Exports¹

(In percent of total exports)

Source: IMF, Recent Economic Developments reports.

^¹Data not available for Antigua and Barbuda.

Table A8.

Caribbean Countries: Principal Exports¹

(In percent of total exports)

		1994	1995	1996	1997	1998
The Bahamas
	Food and live animals	31.6	29.1	28.4	26.9	21.1
	Nonedible raw materials excluding fuel	16.6	13.8	12.9	13.9	6.2
	Chemical products	11.1	7.4	6.9	13.9	11.7
	Capital goods	11.4	20.3	13.4	12.4	21.6
Barbados
	Sugar, molasses, and rum	25.4	22.8	19.5	23.6	22.2
	Electronic components	19.4	16.6	12.7	12.3	12.9
	Chemicals	15.2	15.8	12.8	13.4	13.5
Belize
	Sugar, molasses, and rum	29.1	30.7	30.7	27.5	…
	Citrus	10.7	17.7	17.3	13.4	…
	Bananas	14.7	13.4	16.8	14.6	…
Dominica
	Bananas	43.9	33.5	32.5	30.1	24.1
	Soap	25.9	29.5	33.0	32.1	29.6
Grenada
	Spices	21.0	17.7	24.5	30.8	…
	Seafood	12.6	15.6	15.1	14.2	…
	Cocoa	12.0	14.3	12.3	7.2	…
Guyana
	Sugar, molasses, and rum	26.0	25.3	26.2	22.5	23.6
	Gold	28.6	19.1	18.1	23.1	22.7
	Bauxite and alumina	17.6	16.7	15.0	15.1	14.2
	Rice	12.4	15.4	16.5	14.2	13.4
Jamaica
	Bauxite and alumina	49.3	40.1	39.5	42.8	43.2
	Garments	20.8	15.5	14.3	13.1	12.0
St. Kitts and Nevis
	Machinery and transport equipment	53.4	47.1	50.4	…	…
	Sugar, molasses, and rum	33.8	39.3	36.0	…	…
St. Lucia
	Bananas	41.0	40.9	47.0	39.1	37.2
	Garments	14.3	12.2	6.9	7.3	7.4
St. Vincent and the Grenadines
	Bananas	30.9	35.3	37.5	31.1	41.5
	Flour	17.4	14.0	12.0	18.4	13.9
	Rice	12.3	10.3	10.3	12.5	12.9
Suriname
	Bauxite and alumina	72.4	77.0	76.4	77.1	80.5
	Seafood	9.9	7.1	7.2	8.4	7.0
	Rice	9.1	7.8	7.7	6.4	4.7
Trinidad and Tobago
	Oil and fuels	39.1	45.7	50.3	46.0	48.5
	Chemicals	26.6	25.1	22.7	24.0	23.8
	Steel products	8.0	8.2	7.1	7.3	8.4

Source: IMF, Recent Economic Developments reports.

^¹Data not available for Antigua and Barbuda.

Table A8.

Caribbean Countries: Principal Exports¹

(In percent of total exports)

		1994	1995	1996	1997	1998
The Bahamas
	Food and live animals	31.6	29.1	28.4	26.9	21.1
	Nonedible raw materials excluding fuel	16.6	13.8	12.9	13.9	6.2
	Chemical products	11.1	7.4	6.9	13.9	11.7
	Capital goods	11.4	20.3	13.4	12.4	21.6
Barbados
	Sugar, molasses, and rum	25.4	22.8	19.5	23.6	22.2
	Electronic components	19.4	16.6	12.7	12.3	12.9
	Chemicals	15.2	15.8	12.8	13.4	13.5
Belize
	Sugar, molasses, and rum	29.1	30.7	30.7	27.5	…
	Citrus	10.7	17.7	17.3	13.4	…
	Bananas	14.7	13.4	16.8	14.6	…
Dominica
	Bananas	43.9	33.5	32.5	30.1	24.1
	Soap	25.9	29.5	33.0	32.1	29.6
Grenada
	Spices	21.0	17.7	24.5	30.8	…
	Seafood	12.6	15.6	15.1	14.2	…
	Cocoa	12.0	14.3	12.3	7.2	…
Guyana
	Sugar, molasses, and rum	26.0	25.3	26.2	22.5	23.6
	Gold	28.6	19.1	18.1	23.1	22.7
	Bauxite and alumina	17.6	16.7	15.0	15.1	14.2
	Rice	12.4	15.4	16.5	14.2	13.4
Jamaica
	Bauxite and alumina	49.3	40.1	39.5	42.8	43.2
	Garments	20.8	15.5	14.3	13.1	12.0
St. Kitts and Nevis
	Machinery and transport equipment	53.4	47.1	50.4	…	…
	Sugar, molasses, and rum	33.8	39.3	36.0	…	…
St. Lucia
	Bananas	41.0	40.9	47.0	39.1	37.2
	Garments	14.3	12.2	6.9	7.3	7.4
St. Vincent and the Grenadines
	Bananas	30.9	35.3	37.5	31.1	41.5
	Flour	17.4	14.0	12.0	18.4	13.9
	Rice	12.3	10.3	10.3	12.5	12.9
Suriname
	Bauxite and alumina	72.4	77.0	76.4	77.1	80.5
	Seafood	9.9	7.1	7.2	8.4	7.0
	Rice	9.1	7.8	7.7	6.4	4.7
Trinidad and Tobago
	Oil and fuels	39.1	45.7	50.3	46.0	48.5
	Chemicals	26.6	25.1	22.7	24.0	23.8
	Steel products	8.0	8.2	7.1	7.3	8.4

Source: IMF, Recent Economic Developments reports.

^¹Data not available for Antigua and Barbuda.

Table A9.

Caribbean Countries: Indicators of Export Performance

(Annual percent change, unless otherwise specified)

Sources: IMF, Recent Economic Developments reports; and IMF staff estimates.

^¹Increase denotes appreciation. Data are end of period.

^²Data are on fiscal-year basis.

^³Increase denotes a depreciation.

^⁴Excludes re-exports.

Table A9.

Caribbean Countries: Indicators of Export Performance

(Annual percent change, unless otherwise specified)

		1992	1993	1994	1995	1996	1997	1998
Antigua and Barbuda
	Export volume	12.4	60.8	-12.9	-26.7	33.4	-2.0	16.3
	Terms of trade	17.5	-30.5	-15.2	37.3	-66.4	12.7	-5.9
	Real affective exchange rate¹	4.4	4.4	-2.5	-1.4	0.4	5.2	-0.5
	Exports of goods/GDP	15.2	13.6	8.9	10.8	7.0	6.5	5.9
	Exports of goods and nonfactor services/GDP	96.6	98.9	94.2	86.4	76.3	78.3	73.6
The Bahamas
	Export volume	-6.0	-12.6	1.8	11.9	19.6	6.4	7.6
	Terms of trade	-1.5	7.7	0.0	-5.0	0.1	6.1	-0.5
	Real effective exchange rate¹	4.9	1.0	-6.4	-1.2	0.0	3.7	-0.9
	Exports of goods/GDP	7.0	5.8	5.1	6.5	6.6	6.2	8.7
	Exports of goods and nonfactor services/GDP	50.5	49.7	49.8	50.5	49.5	47.9	49.6
Barbados
	Export volume	2.0	-1.9	7.0	-7.3	8.6	3.7	2.0
	Terms of trade	3.5	2.8	-8.4	13.7	2.8	1.1	1.4
	Real effective exchange rate¹	4.3	0.6	-3.7	-1.0	-0.6	5.2	-1.0
	Exports of goods/GDP	12.0	11.4	10.9	13.1	14.4	13.1	11.1
	Exports of goods and nonfactor services/GDP	55.5	53.7	57.7	62.0	62.5	59.1	56.0
Belize
	Export volume	9.5	-8.1	6.1	2.2	1.9	2.7	2.4
	Terms of trade	1.9	11.5	2.1	-4.1	2.0	0.4	0.7
	Real effective exchange rate¹	2.0	5.6	-6.8	0.9	4.2	3.1	-4.3
	Exports of goods/GDP	30.7	26.9	28.4	27.8	27.2	30.8	28.4
	Exports of goods and nonfactor services/GDP	58.7	54.2	52.0	49.8	49.0	52.6	49.4
Dominica
	Export volume	2.3	-3.9	-4.4	-2.9	5.3	7.5	18.7
	Terms of trade	-2.8	-4.6	0.1	-1.4	0.1	2.5	2.6
	Real effective exchange rate¹	4.6	2.0	-3.2	-5.8	1.4	4.8	1.3
	Exports of goods/GDP	28.7	24.6	22.2	22.5	22.2	22.0	23.9
	Exports of goods and nonfactor services/GDP	51.8	49.0	49.1	49.8	52.2	57.2	56.4
Grenada
	Real effective exchange rate¹	4.9	5.5	-4.0	-2.2	1.8	3.4	-2.0
	Exports of goods/GDP	8.8	8.6	9.4	8.4	7.1	8.2	8.4
	Exports of goods and nonfactor services/GDP	31.8	33.9	50.1	49.4	50.7	50.8	47.9
Guyana
	Export volume	30.5	13.4	12.3	-1.7	14.2	13.8	-3.3
	Terms of trade	-13.6	2.0	-12.4	2.5	-6.8	-9.7	-0.8
	Real effective exchange rate¹	11.0	4.0	-1.3	5.8	2.4	8.8	-12.5
	Exports of goods/GDP	95.0	91.8	82.6	79.9	81.9	79.1	75.8
	Exports of goods and nonfactor services/GDP	128.3	118.0	105.0	101.4	101.7	98.8	95.9
Jamaica²
	Export volume	1.6	8.8	5.9	32.2	-3.4	-1.5	-4.2
	Terms of trade	-7.0	-2.3	6.6	3.5	-7.6	3.4	-2.4
	Real effective exchange rate¹	29.8	-7.9	13.4	1.2	29.2	8.7	2.0
	Relative price of tradables to nontradables³	-2.6	-27.0	8.0	3.3	-17.0	-8.5	-10.4
	Exports of goods/GDP	27.6	31.0	27.7	37.2	26.4	25.3	22.4
	Exports of goods and nonfactor services/GDP	61.1	69.6	60.9	70.9	52.7	50.4	48.5
St. Kitts and Nevis
	Export volume	9.7	4.9	-13.2	-3.2	10.4	32.7	-2.3
	Terms of trade	4.3	-3.3	0.5	0.1	-1.1	-0.1	1.1
	Real effective exchange rate¹	1.7	1.5	-3.0	0.3	0.7	12.4	-1.8
	Relative price of tradables to nontradables³	…	-2.4	-2.7	1.8	-2.9	-7.8	…
	Exports of goods/GDP	21.5	19.1	20.4	16.8	17.9	22.0	19.3
	Exports of goods and nonfactor services/GDP	79.7	75.6	75.7	54.2	58.1	66.0	63.8
St. Lucia
	Export volume	20.0	6.2	4.1	5.6	0.7	0.0	7.8
	Terms of trade (exclud, tourism)	-4.3	-3.1	-7.0	-5.1	-5.5	7.6	2.9
	Real effective exchange rate¹	4.3	2.1	-0.5	-0.1	-3.4	6.3	-4.4
	Exports of goods/GDP	27.0	24.3	19.3	20.3	17.4	14.0	12.9
	Exports of goods and nonfactor services/GDP	68.7	68.6	66.6	68.6	65.3	64.1	65.7
St. Vincent and the Grenadines
	Export volume	20.5	-17.8	-7.3	21.3	-10.7	15.4	-8.8
	Terms of trade	-8.9	-7.0	2.9	-7.7	3.1	-0.3	-2.0
	Real effective exchange race¹	3.8	6.4	-5.9	-1.9	3.0	6.7	-1.4
	Exports of goods/GDP	31.6	23.3	20.2	23.5	18.9	16.1	15.7
	Exports of goods and nonfactor services/GDP	51.4	44.1	46.6	51.6	52.2	48.5	50.4
Suriname
	Export volume	11.1	-19.4	-9.6	28.4	-6.5	22.5	-2.4
	Terms of trade	-4.6	0.5	-3.9	-3.1	3.5	-0.8	-0.6
	Real effective exchange rate¹	-30.4	-4.3	6.5	43.5	0.4	22.6	20.4
	Exports of goods/GDP	145.0	181.8	91.7	78.6	59.4	65.4	41.1
	Exports of goods and nonfactor services/GDP	167.2	218.2	118.0	101.5	69.9	74.3	45.7
Trinidad and Tobago
	Export volume⁴	4.4	-4.3	9.0	22.5	-12.2	2.7	12.1
	Terms of trade⁴	-6.9	-6.1	9.5	7.3	1.9	6.3	-13.5
	Real effective exchange rate¹	7.8	-17.0	-2.9	-1.7	-1.7	4.2	3.4
	Relative price of tradables to nontradables³	…	12.8	21.2	-4.3	1.9	8.2	-17.8
	Exports of goods/GDP⁴	30.5	32.3	39.9	46.5	43.7	43.5	37.2
	Exports of goods and nonfactor services/GDP	38.9	40.1	46.5	54.3	51.7	52.8	48.3

Sources: IMF, Recent Economic Developments reports; and IMF staff estimates.

^¹Increase denotes appreciation. Data are end of period.

^²Data are on fiscal-year basis.

^³Increase denotes a depreciation.

^⁴Excludes re-exports.

Table A9.

Caribbean Countries: Indicators of Export Performance

(Annual percent change, unless otherwise specified)

		1992	1993	1994	1995	1996	1997	1998
Antigua and Barbuda
	Export volume	12.4	60.8	-12.9	-26.7	33.4	-2.0	16.3
	Terms of trade	17.5	-30.5	-15.2	37.3	-66.4	12.7	-5.9
	Real affective exchange rate¹	4.4	4.4	-2.5	-1.4	0.4	5.2	-0.5
	Exports of goods/GDP	15.2	13.6	8.9	10.8	7.0	6.5	5.9
	Exports of goods and nonfactor services/GDP	96.6	98.9	94.2	86.4	76.3	78.3	73.6
The Bahamas
	Export volume	-6.0	-12.6	1.8	11.9	19.6	6.4	7.6
	Terms of trade	-1.5	7.7	0.0	-5.0	0.1	6.1	-0.5
	Real effective exchange rate¹	4.9	1.0	-6.4	-1.2	0.0	3.7	-0.9
	Exports of goods/GDP	7.0	5.8	5.1	6.5	6.6	6.2	8.7
	Exports of goods and nonfactor services/GDP	50.5	49.7	49.8	50.5	49.5	47.9	49.6
Barbados
	Export volume	2.0	-1.9	7.0	-7.3	8.6	3.7	2.0
	Terms of trade	3.5	2.8	-8.4	13.7	2.8	1.1	1.4
	Real effective exchange rate¹	4.3	0.6	-3.7	-1.0	-0.6	5.2	-1.0
	Exports of goods/GDP	12.0	11.4	10.9	13.1	14.4	13.1	11.1
	Exports of goods and nonfactor services/GDP	55.5	53.7	57.7	62.0	62.5	59.1	56.0
Belize
	Export volume	9.5	-8.1	6.1	2.2	1.9	2.7	2.4
	Terms of trade	1.9	11.5	2.1	-4.1	2.0	0.4	0.7
	Real effective exchange rate¹	2.0	5.6	-6.8	0.9	4.2	3.1	-4.3
	Exports of goods/GDP	30.7	26.9	28.4	27.8	27.2	30.8	28.4
	Exports of goods and nonfactor services/GDP	58.7	54.2	52.0	49.8	49.0	52.6	49.4
Dominica
	Export volume	2.3	-3.9	-4.4	-2.9	5.3	7.5	18.7
	Terms of trade	-2.8	-4.6	0.1	-1.4	0.1	2.5	2.6
	Real effective exchange rate¹	4.6	2.0	-3.2	-5.8	1.4	4.8	1.3
	Exports of goods/GDP	28.7	24.6	22.2	22.5	22.2	22.0	23.9
	Exports of goods and nonfactor services/GDP	51.8	49.0	49.1	49.8	52.2	57.2	56.4
Grenada
	Real effective exchange rate¹	4.9	5.5	-4.0	-2.2	1.8	3.4	-2.0
	Exports of goods/GDP	8.8	8.6	9.4	8.4	7.1	8.2	8.4
	Exports of goods and nonfactor services/GDP	31.8	33.9	50.1	49.4	50.7	50.8	47.9
Guyana
	Export volume	30.5	13.4	12.3	-1.7	14.2	13.8	-3.3
	Terms of trade	-13.6	2.0	-12.4	2.5	-6.8	-9.7	-0.8
	Real effective exchange rate¹	11.0	4.0	-1.3	5.8	2.4	8.8	-12.5
	Exports of goods/GDP	95.0	91.8	82.6	79.9	81.9	79.1	75.8
	Exports of goods and nonfactor services/GDP	128.3	118.0	105.0	101.4	101.7	98.8	95.9
Jamaica²
	Export volume	1.6	8.8	5.9	32.2	-3.4	-1.5	-4.2
	Terms of trade	-7.0	-2.3	6.6	3.5	-7.6	3.4	-2.4
	Real effective exchange rate¹	29.8	-7.9	13.4	1.2	29.2	8.7	2.0
	Relative price of tradables to nontradables³	-2.6	-27.0	8.0	3.3	-17.0	-8.5	-10.4
	Exports of goods/GDP	27.6	31.0	27.7	37.2	26.4	25.3	22.4
	Exports of goods and nonfactor services/GDP	61.1	69.6	60.9	70.9	52.7	50.4	48.5
St. Kitts and Nevis
	Export volume	9.7	4.9	-13.2	-3.2	10.4	32.7	-2.3
	Terms of trade	4.3	-3.3	0.5	0.1	-1.1	-0.1	1.1
	Real effective exchange rate¹	1.7	1.5	-3.0	0.3	0.7	12.4	-1.8
	Relative price of tradables to nontradables³	…	-2.4	-2.7	1.8	-2.9	-7.8	…
	Exports of goods/GDP	21.5	19.1	20.4	16.8	17.9	22.0	19.3
	Exports of goods and nonfactor services/GDP	79.7	75.6	75.7	54.2	58.1	66.0	63.8
St. Lucia
	Export volume	20.0	6.2	4.1	5.6	0.7	0.0	7.8
	Terms of trade (exclud, tourism)	-4.3	-3.1	-7.0	-5.1	-5.5	7.6	2.9
	Real effective exchange rate¹	4.3	2.1	-0.5	-0.1	-3.4	6.3	-4.4
	Exports of goods/GDP	27.0	24.3	19.3	20.3	17.4	14.0	12.9
	Exports of goods and nonfactor services/GDP	68.7	68.6	66.6	68.6	65.3	64.1	65.7
St. Vincent and the Grenadines
	Export volume	20.5	-17.8	-7.3	21.3	-10.7	15.4	-8.8
	Terms of trade	-8.9	-7.0	2.9	-7.7	3.1	-0.3	-2.0
	Real effective exchange race¹	3.8	6.4	-5.9	-1.9	3.0	6.7	-1.4
	Exports of goods/GDP	31.6	23.3	20.2	23.5	18.9	16.1	15.7
	Exports of goods and nonfactor services/GDP	51.4	44.1	46.6	51.6	52.2	48.5	50.4
Suriname
	Export volume	11.1	-19.4	-9.6	28.4	-6.5	22.5	-2.4
	Terms of trade	-4.6	0.5	-3.9	-3.1	3.5	-0.8	-0.6
	Real effective exchange rate¹	-30.4	-4.3	6.5	43.5	0.4	22.6	20.4
	Exports of goods/GDP	145.0	181.8	91.7	78.6	59.4	65.4	41.1
	Exports of goods and nonfactor services/GDP	167.2	218.2	118.0	101.5	69.9	74.3	45.7
Trinidad and Tobago
	Export volume⁴	4.4	-4.3	9.0	22.5	-12.2	2.7	12.1
	Terms of trade⁴	-6.9	-6.1	9.5	7.3	1.9	6.3	-13.5
	Real effective exchange rate¹	7.8	-17.0	-2.9	-1.7	-1.7	4.2	3.4
	Relative price of tradables to nontradables³	…	12.8	21.2	-4.3	1.9	8.2	-17.8
	Exports of goods/GDP⁴	30.5	32.3	39.9	46.5	43.7	43.5	37.2
	Exports of goods and nonfactor services/GDP	38.9	40.1	46.5	54.3	51.7	52.8	48.3

Sources: IMF, Recent Economic Developments reports; and IMF staff estimates.

^¹Increase denotes appreciation. Data are end of period.

^²Data are on fiscal-year basis.

^³Increase denotes a depreciation.

^⁴Excludes re-exports.

Table A10.

Caribbean Countries: Imports by Economic Use¹

(In percent of total imports)

Source: IMF, Recent Economic Developments reports.

^¹Data not available for Antigua and Barbuda.

Table A10.

Caribbean Countries: Imports by Economic Use¹

(In percent of total imports)

		1994	1995	1996	1997	1998
The Bahamas
	Consumer goods	54.3	51.7	49.1	47.8	45.2
	Fuels	13.1	13.6	15.3	12.4	9.8
	Raw materials	10.3	10.2	11.1	12.1	15.7
	Capital goods	22.3	24.5	24.5	27.7	29.3
Barbados
	Consumer goods	44.2	43.5	41.7	41.6	42.9
	Fuels	5.0	4.5	6.1	4.2	5.0
	Raw materials	33.6	35.1	31.4	32.2	30.2
	Capital goods	16.6	16.3	20.3	22.1	21.8
Belize
	Consumer goods	56.1	51.7	52.0	51.3	56.1
	Fuels	8.9	9.3	8.7	8.3	5.6
	Raw materials	12.9	12.9	13.8	13.4	12.6
	Capital goods	22.1	26.1	25.5	27.0	25.7
Dominica
	Consumer goods	63.2	65.1	60.2	60.4	…
	Fuels	6.6	6.0	6.5	6.8	…
	Raw materials	9.5	9.6	11.6	9.9	…
	Capital goods	20.3	19.3	21.7	22.8	…
Grenada
	Consumer goods	57.6	58.5	56.3	55.4	…
	Fuels	7.7	7.8	9.9	7.9	…
	Raw materials	12.8	11.9	11.6	10.9	…
	Capital goods	21.9	21.8	22.2	25.8	…
Guyana
	Consumer goods	16.3	21.3	28.4	28.3	32.2
	Fuels	26.8	16.7	15.1	15.6	12.0
	Raw materials	24.6	26.8	27.1	27.2	28.7
	Capital goods	21.8	35.0	29.3	28.8	27.0
Jamaica
	Consumer goods	22.0	25.2	25.3	29.7	31.3
	Fuels	15.2	13.9	15.7	11.8	9.7
	Raw materials	45.3	43.8	39.4	38.6	40.3
	Capital goods	17.5	17.2	19.6	19.9	18.7
St. Kitts and Nevis
	Consumer goods	53.3	56.1	55.2	…	…
	Fuels	3.1	4.3	5.4	…	…
	Raw materials	11.7	11.9	11.5	…	…
	Capital goods	32.0	27.7	27.9	…	…
St. Lucia
	Consumer goods	58.8	60.4	56.9	55.4	57.9
	Fuels	6.5	7.6	8.2	8.4	8.5
	Raw materials	13.0	12.9	13.2	12.2	12.5
	Capital goods	21.7	19.1	21.7	24	21.1
St. Vincent and the Grenadines
	Consumer goods	57.8	59.6	57.9	58.5	58.4
	Fuels	6.2	6.0	7.2	6.2	5.6
	Raw materials	14.6	15.8	15.6	13.4	13.8
	Capital goods	21.3	18.5	19.3	21.9	22.2
Suriname
	Consumer goods	23.5	…	…	…	…
	Fuels	20.4	…	…	…	…
	Raw materials	31.5	…	…	…	…
	Capital goods	24.6	…	…	…	…
Trinidad and Tobago
	Consumer goods	34.3	21.1	21.1	14.6	17.2
	Fuels	19.2	14.4	15.4	10.7	12.7
	Raw materials	17.0	26.9	35.3	28.3	30.8
	Capital goods	29.5	37.6	28.2	46.3	39.3

Source: IMF, Recent Economic Developments reports.

^¹Data not available for Antigua and Barbuda.

Table A10.

Caribbean Countries: Imports by Economic Use¹

(In percent of total imports)

		1994	1995	1996	1997	1998
The Bahamas
	Consumer goods	54.3	51.7	49.1	47.8	45.2
	Fuels	13.1	13.6	15.3	12.4	9.8
	Raw materials	10.3	10.2	11.1	12.1	15.7
	Capital goods	22.3	24.5	24.5	27.7	29.3
Barbados
	Consumer goods	44.2	43.5	41.7	41.6	42.9
	Fuels	5.0	4.5	6.1	4.2	5.0
	Raw materials	33.6	35.1	31.4	32.2	30.2
	Capital goods	16.6	16.3	20.3	22.1	21.8
Belize
	Consumer goods	56.1	51.7	52.0	51.3	56.1
	Fuels	8.9	9.3	8.7	8.3	5.6
	Raw materials	12.9	12.9	13.8	13.4	12.6
	Capital goods	22.1	26.1	25.5	27.0	25.7
Dominica
	Consumer goods	63.2	65.1	60.2	60.4	…
	Fuels	6.6	6.0	6.5	6.8	…
	Raw materials	9.5	9.6	11.6	9.9	…
	Capital goods	20.3	19.3	21.7	22.8	…
Grenada
	Consumer goods	57.6	58.5	56.3	55.4	…
	Fuels	7.7	7.8	9.9	7.9	…
	Raw materials	12.8	11.9	11.6	10.9	…
	Capital goods	21.9	21.8	22.2	25.8	…
Guyana
	Consumer goods	16.3	21.3	28.4	28.3	32.2
	Fuels	26.8	16.7	15.1	15.6	12.0
	Raw materials	24.6	26.8	27.1	27.2	28.7
	Capital goods	21.8	35.0	29.3	28.8	27.0
Jamaica
	Consumer goods	22.0	25.2	25.3	29.7	31.3
	Fuels	15.2	13.9	15.7	11.8	9.7
	Raw materials	45.3	43.8	39.4	38.6	40.3
	Capital goods	17.5	17.2	19.6	19.9	18.7
St. Kitts and Nevis
	Consumer goods	53.3	56.1	55.2	…	…
	Fuels	3.1	4.3	5.4	…	…
	Raw materials	11.7	11.9	11.5	…	…
	Capital goods	32.0	27.7	27.9	…	…
St. Lucia
	Consumer goods	58.8	60.4	56.9	55.4	57.9
	Fuels	6.5	7.6	8.2	8.4	8.5
	Raw materials	13.0	12.9	13.2	12.2	12.5
	Capital goods	21.7	19.1	21.7	24	21.1
St. Vincent and the Grenadines
	Consumer goods	57.8	59.6	57.9	58.5	58.4
	Fuels	6.2	6.0	7.2	6.2	5.6
	Raw materials	14.6	15.8	15.6	13.4	13.8
	Capital goods	21.3	18.5	19.3	21.9	22.2
Suriname
	Consumer goods	23.5	…	…	…	…
	Fuels	20.4	…	…	…	…
	Raw materials	31.5	…	…	…	…
	Capital goods	24.6	…	…	…	…
Trinidad and Tobago
	Consumer goods	34.3	21.1	21.1	14.6	17.2
	Fuels	19.2	14.4	15.4	10.7	12.7
	Raw materials	17.0	26.9	35.3	28.3	30.8
	Capital goods	29.5	37.6	28.2	46.3	39.3

Source: IMF, Recent Economic Developments reports.

^¹Data not available for Antigua and Barbuda.

Table A11.

Caribbean Countries: Trade Balances

(In percent of GDP)

Source: IMF, Recent Economic Developments reports.

Table A11.

Caribbean Countries: Trade Balances

(In percent of GDP)

	1994	1995	1996	1997	1998	Average
Antigua and Barbuda	-52.6	-55.9	-55.7	-50.7	-52.1	-53.4
The Bahamas	-20.9	-26.7	-27.2	-33.0	-32.8	-28.1
Barbados	-20.4	-23.7	-22.9	-30.1	-32.0	-25.8
Belize	-19.1	-17.0	-13.7	-17.4	-19.5	-17.3
Dominica	-22.2	-23.6	-20.2	-20.8	-17.3	-20.8
Grenada	-38.2	-37.0	-42.6	-44.5	-46.3	-41.7
Guyana	-10.9	-6.6	-2.8	-6.6	-7.5	-6.9
Jamaica	-22.6	-18.6	-16.0	-17.0	-16.0	-18.0
St. Kitts and Nevis	-38.2	-37.0	-42.6	-35.6	-46.3	-39.9
St. Lucia	-32.0	-27.7	-31.2	-36.0	-33.0	-32.0
St. Vincent and the Grenadines	-27.5	-21.8	-26.7	-35.5	-37.8	-29.8
Suriname	-2.6	6.8	1.1	3.7	-6.5	0.5
Trinidad and Tobago	12.1	11.1	6.0	-8.4	-12.2	1.7

Source: IMF, Recent Economic Developments reports.

Table A11.

Caribbean Countries: Trade Balances

(In percent of GDP)

	1994	1995	1996	1997	1998	Average
Antigua and Barbuda	-52.6	-55.9	-55.7	-50.7	-52.1	-53.4
The Bahamas	-20.9	-26.7	-27.2	-33.0	-32.8	-28.1
Barbados	-20.4	-23.7	-22.9	-30.1	-32.0	-25.8
Belize	-19.1	-17.0	-13.7	-17.4	-19.5	-17.3
Dominica	-22.2

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