Abstract
Eastern Caribbean Currency Union: 2017 Discussion on Common Policies of Member Countries-Press Release and Staff Report
Recent Developments
1. Economy activity decelerated in 2016, reflecting flat tourism receipts and falling revenues from citizenship programs. GDP growth fell slightly from 2.6 percent in 2015 to an estimated 2 percent in 2016 (Figure 1). Tourist inflows were steady, with stay-over arrivals growing by 3 percent, mostly from the U.S., while visitors from the U.K. continued to decline (Figure 2). Nonetheless, despite higher arrivals, tourism receipts were virtually flat (Table 6). The inflow of revenues from Citizenship-By-Investment (CBI) programs decelerated, weakening construction activity in St. Kitts and Nevis and, to a lesser extent, in Antigua and Barbuda. Declining commodity and food prices and a negative output gap continued to exercise downward pressure on inflation.
ECCU: Indicators of Economic Activity
(In percent, year-on-year growth)
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Sources: ECCB; and IMF staff estimates and calculations.
ECCU: Indicators of Economic Activity
(In percent, year-on-year growth)
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Sources: ECCB; and IMF staff estimates and calculations.ECCU: Indicators of Economic Activity
(In percent, year-on-year growth)
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Sources: ECCB; and IMF staff estimates and calculations.
Stay-Over Tourist Arrivals
(In percent, year-on-year growth)
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Sources: ECCB; and IMF staff estimates and calculations.
Stay-Over Tourist Arrivals
(In percent, year-on-year growth)
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Sources: ECCB; and IMF staff estimates and calculations.Stay-Over Tourist Arrivals
(In percent, year-on-year growth)
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Sources: ECCB; and IMF staff estimates and calculations.
ECCU: Real Sector Developments
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Source: Country authorities, ECCB and Fund staff calculations.
ECCU: Real Sector Developments
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Source: Country authorities, ECCB and Fund staff calculations.ECCU: Real Sector Developments
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Source: Country authorities, ECCB and Fund staff calculations.
ECCU: Tourism Developments
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Source: ECCB, CTO and Fund staff calculations.
ECCU: Tourism Developments
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Source: ECCB, CTO and Fund staff calculations.ECCU: Tourism Developments
Citation: IMF Staff Country Reports 2017, 150; 10.5089/9781484303375.002.A001
Source: ECCB, CTO and Fund staff calculations.ECCU: Selected Economic and Financial Indicators, 2010–221
Data as of February 22, 2017. Includes all eight ECCU members unless otherwise noted. ECCU price aggregates are calculated as weighted averages of individual country data. Other ECCU aggregates are calculated as sum of individual country data; ratios to GDP are then calculated by dividing this sum by the aggregated GDP.
In Anguilla and Antigua, the baselines include banks resolution with important fiscal consolidation commitments that lower significantly the debt-to-GDP ratio over the projection horizon. Additionally, in Grenada, the debt restructuring has taken place with significant impact on the debt-to-GDP ratio.
Includes errors and omissions.
ECCU: Selected Economic and Financial Indicators, 2010–221
| Social and Demographic Indicators (ECCU-6 only) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Population (2013) | Health (per 1,000 people) | ||||||||||||||
| Total (thousands) | 613.7 | Physicians (latest weighted avg.) | 0.7 | ||||||||||||
| Annual rate of growth, 2000–2013 (percent) | 1.9 | Hospital beds (2011 weighted avg.) | 2.7 | ||||||||||||
| Life expectancy at birth (years) | 74.1 | ||||||||||||||
| Population characteristics | GDP (2015) | ||||||||||||||
| Crude birth rate (per thousand, latest weighted avg.) | 16.3 | In nominal US$ millions | 5,900 | ||||||||||||
| Crude death rate (per thousand, latest weighted avg.) | 7.5 | Per capita | 9,614 | ||||||||||||
| Arable land (percent of land area, 2011 weighted avg.) | 9.3 | Area (sq. km, 2013) | 2,790 | ||||||||||||
| Prel. | Proj. | ||||||||||||||
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||
| (Annual percentage change) | |||||||||||||||
| National income and prices | |||||||||||||||
| Real GDP | −3.3 | −0.3 | 0.3 | 1.8 | 3.2 | 2.6 | 2.0 | 2.4 | 2.3 | 2.2 | 2.2 | 2.2 | 2.2 | ||
| GDP deflator | 2.4 | 2.0 | 1.5 | 1.1 | 1.9 | 0.9 | −1.0 | 1.9 | 1.7 | 1.9 | 2.0 | 2.0 | 2.0 | ||
| Potential GDP growth (HP filter) | 1.0 | 1.0 | 1.1 | 1.2 | 1.4 | 1.6 | 1.7 | … | … | … | … | … | … | ||
| Consumer prices, average | 2.6 | 3.4 | 2.7 | 0.8 | 1.0 | −0.8 | −0.3 | 1.7 | 1.6 | 1.9 | 1.9 | 1.9 | 1.9 | ||
| Monetary sector | |||||||||||||||
| Liabilities to the private sector (M2) | 2.2 | 2.9 | 6.4 | 2.5 | 8.2 | 4.1 | 0.8 | 2.1 | 2.8 | 4.2 | 4.2 | 4.2 | 4.2 | ||
| Net foreign assets | 13.4 | −4.4 | 39.6 | 21.5 | 42.5 | 31.7 | 13.3 | 7.4 | 6.1 | 5.6 | 6.7 | 5.7 | 4.2 | ||
| Of which | |||||||||||||||
| Central bank | 15.8 | 8.8 | 11.5 | 3.9 | 20.8 | 10.6 | 8.4 | 5.4 | 5.1 | 5.5 | 8.6 | 7.7 | 5.5 | ||
| Commercial banks (net) | −33.7 | −90.0 | 75.0 | 299.4 | 248.9 | 101.3 | 22.2 | 10.6 | 7.6 | 5.6 | 3.8 | 2.5 | 2.1 | ||
| Net domestic assets | 0.1 | 4.5 | 0.0 | −2.6 | −3.3 | −9.5 | −8.1 | −2.7 | −0.5 | 2.8 | 1.5 | 2.5 | 4.2 | ||
| Of which | |||||||||||||||
| Private sector credit | 2.2 | 1.4 | 4.4 | −2.7 | −4.6 | −4.3 | −5.9 | 0.6 | 1.4 | 3.1 | 3.6 | 3.8 | 4.0 | ||
| (In percent of GDP) | |||||||||||||||
| Public sector | |||||||||||||||
| Primary central government balance | −0.7 | −0.4 | −0.2 | 0.1 | 1.3 | 2.1 | 0.9 | 2.2 | 2.3 | 2.3 | 2.4 | 2.4 | 2.3 | ||
| Overall central government balance | −3.6 | −3.3 | −3.3 | −2.7 | −1.5 | −0.7 | −1.9 | −0.6 | −0.6 | −0.6 | −0.5 | −0.5 | −0.7 | ||
| Total revenue and grants | 27.3 | 27.0 | 26.0 | 27.4 | 27.7 | 29.0 | 29.1 | 28.2 | 27.5 | 27.0 | 26.7 | 26.5 | 26.3 | ||
| Total expenditure and net lending | 30.9 | 30.3 | 29.3 | 30.1 | 29.3 | 29.6 | 31.0 | 28.8 | 28.1 | 27.5 | 27.2 | 27.0 | 27.0 | ||
| Foreign financing | 3.2 | 1.1 | 0.5 | 2.9 | 1.2 | −0.6 | 0.1 | −0.1 | −0.3 | −0.2 | −0.2 | −0.5 | −0.5 | ||
| Domestic financing including arrears | −3.6 | 0.8 | 0.2 | −3.9 | −0.3 | −0.8 | 2.2 | 0.9 | 0.6 | 0.7 | 0.6 | 0.7 | 0.7 | ||
| Central government current account balance | −0.7 | −0.1 | −0.4 | 0.1 | 0.7 | 0.8 | −0.6 | 1.0 | 0.9 | 0.8 | 0.8 | 0.9 | 0.9 | ||
| Total public debt (end-of-period) 2/ | 84.7 | 85.7 | 86.2 | 85.7 | 84.3 | 81.0 | 79.8 | 76.6 | 74.3 | 72.3 | 70.2 | 68.1 | 66.4 | ||
| (Annual percentage change) | |||||||||||||||
| External sector | |||||||||||||||
| Exports, f.o.b. | 8.8 | −5.7 | 6.3 | −0.6 | −3.3 | 0.5 | −11.8 | 6.1 | 3.8 | 3.7 | 3.7 | 3.6 | 4.1 | ||
| Imports, f.o.b. | 4.6 | 0.5 | 0.4 | 4.2 | 1.0 | −6.7 | 2.7 | 7.7 | 4.2 | 3.6 | 2.7 | 3.8 | 4.2 | ||
| (In percent of GDP) | |||||||||||||||
| External current account balance | −19.7 | −17.7 | −17.1 | −16.9 | −13.6 | −10.0 | −11.9 | −13.7 | −13.9 | −13.9 | −13.1 | −13.0 | −13.0 | ||
| Trade balance | −32.9 | −32.9 | −32.0 | −32.9 | −31.8 | −28.0 | −29.2 | −30.2 | −30.3 | −30.1 | −29.6 | −29.5 | −29.6 | ||
| Services, incomes and transfers | 13.3 | 15.1 | 14.9 | 16.1 | 18.2 | 18.0 | 17.3 | 16.5 | 16.4 | 16.2 | 16.5 | 16.5 | 16.6 | ||
| Of which | |||||||||||||||
| Travel | 17.3 | 18.1 | 18.1 | 18.1 | 18.3 | 18.2 | 18.2 | 17.6 | 17.4 | 17.4 | 17.6 | 17.8 | 18.0 | ||
| Capital and financial accounts 3/ | 20.9 | 17.8 | 18.1 | 17.3 | 18.1 | 14.1 | 13.7 | 15.7 | 15.5 | 15.5 | 15.4 | 15.2 | 14.6 | ||
| Of which | |||||||||||||||
| Foreign direct investment | 10.2 | 8.4 | 10.2 | 12.5 | 11.0 | 11.8 | 12.1 | 12.1 | 12.4 | 12.2 | 12.0 | 11.9 | 11.4 | ||
| External public debt (end-of period) | 42.5 | 43.2 | 42.2 | 45.7 | 45.8 | 43.1 | 42.7 | 40.2 | 38.4 | 36.9 | 35.4 | 33.7 | 32.1 | ||
| External debt service, percent of goods and nonfactor services | 9.4 | 9.2 | 9.6 | 7.5 | 9.8 | 5.5 | 7.9 | 9.1 | 8.2 | 8.1 | 9.0 | 6.2 | 6.1 | ||
| Of which | |||||||||||||||
| Interest | 3.0 | 2.9 | 3.2 | 2.6 | 3.0 | 3.0 | 3.2 | 3.2 | 3.1 | 3.1 | 3.0 | 3.0 | 2.9 | ||
| End-year gross foreign reserves of the ECCB | |||||||||||||||
| In millions of U.S. dollars | 926 | 1,008 | 1,125 | 1,169 | 1,411 | 1,560 | 1,690 | 1,782 | 1,873 | 1,977 | 2,147 | 2,312 | 2,440 | ||
| In months of current year imports of goods and services | 3.6 | 3.9 | 4.4 | 4.4 | 5.4 | 6.2 | 6.5 | 6.4 | 6.5 | 6.6 | 6.9 | 7.2 | 7.2 | ||
| In percent of broad money | 20.2 | 21.3 | 22.4 | 22.7 | 25.3 | 26.9 | 28.9 | 29.9 | 30.6 | 30.9 | 32.3 | 33.3 | 33.8 | ||
| REER (annual percentage change) | |||||||||||||||
| Trade-weighted | 0.0 | −2.5 | 3.2 | −0.5 | 0.1 | 6.4 | … | … | … | … | … | … | … | ||
| Competitor-weighted | −2.4 | −2.7 | 0.8 | 1.9 | 2.0 | 0.4 | … | … | … | … | … | … | … | ||
| Customer-weighted | −0.7 | −2.0 | 1.1 | −0.1 | −0.9 | 3.0 | … | … | … | … | … | … | … | ||
Data as of February 22, 2017. Includes all eight ECCU members unless otherwise noted. ECCU price aggregates are calculated as weighted averages of individual country data. Other ECCU aggregates are calculated as sum of individual country data; ratios to GDP are then calculated by dividing this sum by the aggregated GDP.
In Anguilla and Antigua, the baselines include banks resolution with important fiscal consolidation commitments that lower significantly the debt-to-GDP ratio over the projection horizon. Additionally, in Grenada, the debt restructuring has taken place with significant impact on the debt-to-GDP ratio.
Includes errors and omissions.
ECCU: Selected Economic and Financial Indicators, 2010–221
| Social and Demographic Indicators (ECCU-6 only) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Population (2013) | Health (per 1,000 people) | ||||||||||||||
| Total (thousands) | 613.7 | Physicians (latest weighted avg.) | 0.7 | ||||||||||||
| Annual rate of growth, 2000–2013 (percent) | 1.9 | Hospital beds (2011 weighted avg.) | 2.7 | ||||||||||||
| Life expectancy at birth (years) | 74.1 | ||||||||||||||
| Population characteristics | GDP (2015) | ||||||||||||||
| Crude birth rate (per thousand, latest weighted avg.) | 16.3 | In nominal US$ millions | 5,900 | ||||||||||||
| Crude death rate (per thousand, latest weighted avg.) | 7.5 | Per capita | 9,614 | ||||||||||||
| Arable land (percent of land area, 2011 weighted avg.) | 9.3 | Area (sq. km, 2013) | 2,790 | ||||||||||||
| Prel. | Proj. | ||||||||||||||
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||
| (Annual percentage change) | |||||||||||||||
| National income and prices | |||||||||||||||
| Real GDP | −3.3 | −0.3 | 0.3 | 1.8 | 3.2 | 2.6 | 2.0 | 2.4 | 2.3 | 2.2 | 2.2 | 2.2 | 2.2 | ||
| GDP deflator | 2.4 | 2.0 | 1.5 | 1.1 | 1.9 | 0.9 | −1.0 | 1.9 | 1.7 | 1.9 | 2.0 | 2.0 | 2.0 | ||
| Potential GDP growth (HP filter) | 1.0 | 1.0 | 1.1 | 1.2 | 1.4 | 1.6 | 1.7 | … | … | … | … | … | … | ||
| Consumer prices, average | 2.6 | 3.4 | 2.7 | 0.8 | 1.0 | −0.8 | −0.3 | 1.7 | 1.6 | 1.9 | 1.9 | 1.9 | 1.9 | ||
| Monetary sector | |||||||||||||||
| Liabilities to the private sector (M2) | 2.2 | 2.9 | 6.4 | 2.5 | 8.2 | 4.1 | 0.8 | 2.1 | 2.8 | 4.2 | 4.2 | 4.2 | 4.2 | ||
| Net foreign assets | 13.4 | −4.4 | 39.6 | 21.5 | 42.5 | 31.7 | 13.3 | 7.4 | 6.1 | 5.6 | 6.7 | 5.7 | 4.2 | ||
| Of which | |||||||||||||||
| Central bank | 15.8 | 8.8 | 11.5 | 3.9 | 20.8 | 10.6 | 8.4 | 5.4 | 5.1 | 5.5 | 8.6 | 7.7 | 5.5 | ||
| Commercial banks (net) | −33.7 | −90.0 | 75.0 | 299.4 | 248.9 | 101.3 | 22.2 | 10.6 | 7.6 | 5.6 | 3.8 | 2.5 | 2.1 | ||
| Net domestic assets | 0.1 | 4.5 | 0.0 | −2.6 | −3.3 | −9.5 | −8.1 | −2.7 | −0.5 | 2.8 | 1.5 | 2.5 | 4.2 | ||
| Of which | |||||||||||||||
| Private sector credit | 2.2 | 1.4 | 4.4 | −2.7 | −4.6 | −4.3 | −5.9 | 0.6 | 1.4 | 3.1 | 3.6 | 3.8 | 4.0 | ||
| (In percent of GDP) | |||||||||||||||
| Public sector | |||||||||||||||
| Primary central government balance | −0.7 | −0.4 | −0.2 | 0.1 | 1.3 | 2.1 | 0.9 | 2.2 | 2.3 | 2.3 | 2.4 | 2.4 | 2.3 | ||
| Overall central government balance | −3.6 | −3.3 | −3.3 | −2.7 | −1.5 | −0.7 | −1.9 | −0.6 | −0.6 | −0.6 | −0.5 | −0.5 | −0.7 | ||
| Total revenue and grants | 27.3 | 27.0 | 26.0 | 27.4 | 27.7 | 29.0 | 29.1 | 28.2 | 27.5 | 27.0 | 26.7 | 26.5 | 26.3 | ||
| Total expenditure and net lending | 30.9 | 30.3 | 29.3 | 30.1 | 29.3 | 29.6 | 31.0 | 28.8 | 28.1 | 27.5 | 27.2 | 27.0 | 27.0 | ||
| Foreign financing | 3.2 | 1.1 | 0.5 | 2.9 | 1.2 | −0.6 | 0.1 | −0.1 | −0.3 | −0.2 | −0.2 | −0.5 | −0.5 | ||
| Domestic financing including arrears | −3.6 | 0.8 | 0.2 | −3.9 | −0.3 | −0.8 | 2.2 | 0.9 | 0.6 | 0.7 | 0.6 | 0.7 | 0.7 | ||
| Central government current account balance | −0.7 | −0.1 | −0.4 | 0.1 | 0.7 | 0.8 | −0.6 | 1.0 | 0.9 | 0.8 | 0.8 | 0.9 | 0.9 | ||
| Total public debt (end-of-period) 2/ | 84.7 | 85.7 | 86.2 | 85.7 | 84.3 | 81.0 | 79.8 | 76.6 | 74.3 | 72.3 | 70.2 | 68.1 | 66.4 | ||
| (Annual percentage change) | |||||||||||||||
| External sector | |||||||||||||||
| Exports, f.o.b. | 8.8 | −5.7 | 6.3 | −0.6 | −3.3 | 0.5 | −11.8 | 6.1 | 3.8 | 3.7 | 3.7 | 3.6 | 4.1 | ||
| Imports, f.o.b. | 4.6 | 0.5 | 0.4 | 4.2 | 1.0 | −6.7 | 2.7 | 7.7 | 4.2 | 3.6 | 2.7 | 3.8 | 4.2 | ||
| (In percent of GDP) | |||||||||||||||
| External current account balance | −19.7 | −17.7 | −17.1 | −16.9 | −13.6 | −10.0 | −11.9 | −13.7 | −13.9 | −13.9 | −13.1 | −13.0 | −13.0 | ||
| Trade balance | −32.9 | −32.9 | −32.0 | −32.9 | −31.8 | −28.0 | −29.2 | −30.2 | −30.3 | −30.1 | −29.6 | −29.5 | −29.6 | ||
| Services, incomes and transfers | 13.3 | 15.1 | 14.9 | 16.1 | 18.2 | 18.0 | 17.3 | 16.5 | 16.4 | 16.2 | 16.5 | 16.5 | 16.6 | ||
| Of which | |||||||||||||||
| Travel | 17.3 | 18.1 | 18.1 | 18.1 | 18.3 | 18.2 | 18.2 | 17.6 | 17.4 | 17.4 | 17.6 | 17.8 | 18.0 | ||
| Capital and financial accounts 3/ | 20.9 | 17.8 | 18.1 | 17.3 | 18.1 | 14.1 | 13.7 | 15.7 | 15.5 | 15.5 | 15.4 | 15.2 | 14.6 | ||
| Of which | |||||||||||||||
| Foreign direct investment | 10.2 | 8.4 | 10.2 | 12.5 | 11.0 | 11.8 | 12.1 | 12.1 | 12.4 | 12.2 | 12.0 | 11.9 | 11.4 | ||
| External public debt (end-of period) | 42.5 | 43.2 | 42.2 | 45.7 | 45.8 | 43.1 | 42.7 | 40.2 | 38.4 | 36.9 | 35.4 | 33.7 | 32.1 | ||
| External debt service, percent of goods and nonfactor services | 9.4 | 9.2 | 9.6 | 7.5 | 9.8 | 5.5 | 7.9 | 9.1 | 8.2 | 8.1 | 9.0 | 6.2 | 6.1 | ||
| Of which | |||||||||||||||
| Interest | 3.0 | 2.9 | 3.2 | 2.6 | 3.0 | 3.0 | 3.2 | 3.2 | 3.1 | 3.1 | 3.0 | 3.0 | 2.9 | ||
| End-year gross foreign reserves of the ECCB | |||||||||||||||
| In millions of U.S. dollars | 926 | 1,008 | 1,125 | 1,169 | 1,411 | 1,560 | 1,690 | 1,782 | 1,873 | 1,977 | 2,147 | 2,312 | 2,440 | ||
| In months of current year imports of goods and services | 3.6 | 3.9 | 4.4 | 4.4 | 5.4 | 6.2 | 6.5 | 6.4 | 6.5 | 6.6 | 6.9 | 7.2 | 7.2 | ||
| In percent of broad money | 20.2 | 21.3 | 22.4 | 22.7 | 25.3 | 26.9 | 28.9 | 29.9 | 30.6 | 30.9 | 32.3 | 33.3 | 33.8 | ||
| REER (annual percentage change) | |||||||||||||||
| Trade-weighted | 0.0 | −2.5 | 3.2 | −0.5 | 0.1 | 6.4 | … | … | … | … | … | … | … | ||
| Competitor-weighted | −2.4 | −2.7 | 0.8 | 1.9 | 2.0 | 0.4 | … | … | … | … | … | … | … | ||
| Customer-weighted | −0.7 | −2.0 | 1.1 | −0.1 | −0.9 | 3.0 | … | … | … | … | … | … | … | ||
Data as of February 22, 2017. Includes all eight ECCU members unless otherwise noted. ECCU price aggregates are calculated as weighted averages of individual country data. Other ECCU aggregates are calculated as sum of individual country data; ratios to GDP are then calculated by dividing this sum by the aggregated GDP.
In Anguilla and Antigua, the baselines include banks resolution with important fiscal consolidation commitments that lower significantly the debt-to-GDP ratio over the projection horizon. Additionally, in Grenada, the debt restructuring has taken place with significant impact on the debt-to-GDP ratio.
Includes errors and omissions.
ECCU: Selected Economic Indicators by Country, 2010–22
The contraction in 2012,2013, and 2014 is associated with restructuring of public debt.
ECCU: Selected Economic Indicators by Country, 2010–22
| Prel. | Proj. | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | ||
| (Annual percentage change) | ||||||||||||||
| Real GDP (ECCU-8) | −3.3 | −0.3 | 0.3 | 1.8 | 3.2 | 2.6 | 2.0 | 2.4 | 2.3 | 2.2 | 2.2 | 2.2 | 2.2 | |
| Anguilla | −5.8 | −2.6 | −1.9 | 0.5 | 5.6 | 2.8 | 3.8 | 3.1 | 3.2 | 3.3 | 2.8 | 2.8 | 2.8 | |
| Antigua and Barbuda | −8.4 | −1.8 | 3.5 | 1.4 | 4.8 | 3.8 | 3.7 | 2.2 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | |
| Dominica | 0.7 | 0.8 | −0.8 | 1.9 | 3.7 | −2.5 | 1.0 | 3.6 | 3.3 | 2.2 | 2.1 | 1.8 | 1.5 | |
| Grenada | −2.0 | 0.1 | −0.6 | 3.2 | 6.5 | 5.2 | 2.0 | 2.4 | 2.2 | 2.2 | 2.5 | 2.7 | 2.7 | |
| Montserrat | −3.0 | 6.2 | 1.6 | 5.3 | 0.3 | 0.3 | 3.6 | 1.7 | 2.0 | 2.2 | 2.2 | 2.2 | 2.2 | |
| St. Kitts and Nevis | −2.9 | −0.8 | −0.8 | 6.6 | 5.1 | 4.9 | 2.9 | 3.2 | 3.2 | 2.9 | 2.8 | 2.8 | 2.7 | |
| St. Lucia | −0.8 | 0.7 | −1.2 | −2.1 | −0.7 | 1.2 | −0.6 | 1.2 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | |
| St. Vincent and the Grenadines | −2.3 | 0.2 | 1.3 | 2.5 | 0.2 | 0.6 | 1.8 | 2.5 | 2.8 | 2.9 | 3.0 | 3.0 | 2.8 | |
| CPI (end of period) | 3.1 | 3.8 | 2.2 | −0.1 | 0.9 | −0.9 | 0.3 | 1.8 | 1.7 | 1.9 | 1.9 | 1.9 | 1.9 | |
| Anguilla | 3.8 | 4.4 | −0.3 | 0.8 | −0.9 | −1.7 | −0.4 | 1.6 | 1.9 | 2.3 | 2.3 | 2.3 | 2.3 | |
| Antigua and Barbuda | 2.9 | 4.0 | 1.8 | 1.1 | 1.3 | 0.9 | −0.6 | 2.3 | 2.4 | 2.5 | 2.5 | 2.5 | 2.5 | |
| Dominica | 0.0 | 1.9 | 1.3 | −0.4 | 0.5 | −0.5 | −0.2 | 1.4 | 1.4 | 1.8 | 1.8 | 2.0 | 2.0 | |
| Grenada | 4.2 | 3.5 | 1.8 | −1.2 | −0.6 | 1.1 | 0.9 | 3.0 | 1.8 | 1.9 | 1.9 | 1.9 | 1.9 | |
| Montserrat | 2.5 | 4.4 | 3.6 | −0.5 | −0.9 | −0.1 | −1.3 | 1.0 | 1.5 | 2.0 | 2.0 | 2.0 | 2.0 | |
| St. Kitts and Nevis | 4.3 | 2.0 | 0.5 | 0.6 | −0.5 | −2.4 | 0.9 | 1.5 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | |
| St. Lucia | 4.2 | 4.8 | 5.0 | −0.7 | 3.7 | −2.6 | 0.6 | 0.7 | 1.1 | 1.5 | 1.5 | 1.5 | 1.5 | |
| St. Vincent and the Grenadines | 0.9 | 4.7 | 1.0 | 0.0 | 0.1 | −2.1 | 1.0 | 1.7 | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | |
| CPI (period average) | 2.6 | 3.4 | 2.7 | 0.8 | 1.0 | −0.8 | −0.3 | 1.7 | 1.6 | 1.9 | 1.9 | 1.9 | 1.9 | |
| Anguilla | 2.1 | 4.7 | 1.4 | 0.1 | −0.3 | −1.0 | −0.5 | 2.0 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | |
| Antigua and Barbuda | 3.4 | 3.5 | 3.4 | 1.1 | 1.1 | 1.0 | −0.4 | 1.7 | 2.4 | 2.5 | 2.5 | 2.5 | 2.5 | |
| Dominica | 2.8 | 1.1 | 1.4 | 0.0 | 0.8 | −0.8 | 0.0 | 0.6 | 1.4 | 1.6 | 1.8 | 1.9 | 2.0 | |
| Grenada | 3.4 | 3.0 | 2.4 | 0.0 | −1.0 | −0.6 | 1.7 | 2.6 | 2.0 | 1.8 | 1.9 | 1.9 | 1.9 | |
| Montserrat | 2.1 | 3.7 | 4.8 | 0.9 | −0.4 | −1.1 | −0.2 | 1.0 | 1.5 | 2.0 | 2.0 | 2.0 | 2.0 | |
| St. Kitts and Nevis | 0.9 | 5.8 | 0.8 | 1.1 | 0.2 | −2.3 | −0.7 | 1.2 | 1.8 | 2.0 | 2.0 | 2.0 | 2.0 | |
| St. Lucia | 3.3 | 2.8 | 4.2 | 1.5 | 3.5 | −1.0 | −1.7 | 1.9 | 0.7 | 1.5 | 1.5 | 1.4 | 1.5 | |
| St. Vincent and the Grenadines | 0.8 | 3.2 | 2.6 | 0.8 | 0.2 | −1.7 | −0.2 | 1.3 | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | |
| Private sector credit | 2.2 | 1.4 | 4.4 | −2.7 | −4.6 | −4.3 | −5.9 | 0.6 | 1.4 | 3.1 | 3.6 | 3.8 | 4.0 | |
| Anguilla | 0.2 | 0.1 | −3.4 | −3.5 | −3.8 | −3.5 | −47.0 | 1.2 | 3.0 | 3.8 | 4.0 | 4.0 | 4.0 | |
| Antigua and Barbuda | 0.2 | −4.4 | −2.8 | −4.0 | −5.2 | −11.3 | 5.8 | 2.5 | 4.8 | 4.7 | 6.2 | 6.5 | 6.7 | |
| Dominica | 9.5 | 6.6 | 4.3 | −0.7 | −2.2 | 0.3 | 2.9 | 4.0 | 3.7 | 4.0 | 3.9 | 3.8 | 4.0 | |
| Grenada | 5.6 | 2.2 | 0.2 | −5.7 | −5.1 | −3.8 | 4.1 | 2.7 | 4.5 | 4.4 | 4.6 | 4.9 | 4.9 | |
| Montserrat | 16.1 | 10.7 | 9.9 | −11.0 | 0.4 | 5.4 | 13.5 | 5.7 | 5.4 | 5.5 | 5.2 | 5.4 | 5.3 | |
| St. Kitts and Nevis | 3.5 | 3.7 | 0.2 | −0.9 | 0.6 | 3.2 | −0.4 | 3.5 | 3.8 | 3.8 | 4.5 | 5.0 | 5.0 | |
| St. Lucia | 1.1 | 2.6 | 5.1 | −0.8 | −6.7 | −6.8 | −4.8 | 0.0 | 0.0 | 0.0 | 3.0 | 3.0 | 3.1 | |
| St. Vincent and the Grenadines | 1.8 | 4.1 | 3.5 | 1.3 | −0.2 | 2.4 | 1.3 | 0.0 | 1.0 | 1.0 | 1.0 | 2.0 | 2.0 | |
| Net credit to public sector | −123.8 | 47.6 | −146.8 | −1721.4 | −71.9 | 164.5 | 30.5 | −0.3 | 2.7 | −0.1 | 2.1 | 2.7 | 1.8 | |
| Anguilla | 443.4 | 19.1 | 12.6 | 9.3 | 7.6 | 1.5 | −60.0 | 1.5 | 1.7 | 1.8 | 1.9 | 1.9 | 2.0 | |
| Antigua and Barbuda | −16.1 | −7.4 | −26.7 | 42.8 | 13.5 | −8.0 | −25.7 | −6.7 | −15.3 | −16.7 | −19.1 | −23.4 | −41.0 | |
| Dominica | −1.1 | −30.6 | 37.9 | −103.5 | 490.0 | −334.0 | 384.3 | 0.9 | 1.1 | 0.8 | 0.9 | 0.8 | −67.2 | |
| Grenada | −1661.2 | −17.1 | −152.9 | −194.3 | 239.7 | 128.7 | 24.1 | 5.7 | 5.2 | 5.0 | 2.0 | 2.2 | 2.2 | |
| Montserrat | 7.9 | 57.3 | 25.5 | −16.9 | −3.5 | 37.5 | −6.6 | 13.5 | 7.4 | 9.7 | 7.9 | 7.4 | 6.9 | |
| St. Kitts and Nevis 1/ | 21.9 | −35.8 | −73.4 | −1117.6 | 43.4 | 2.1 | 5.5 | −4.4 | −3.6 | −7.3 | −6.6 | −6.3 | −7.2 | |
| St. Lucia | 35.6 | −26.1 | −37.5 | −59.1 | 168.7 | 27.4 | −36.7 | −47.7 | −63.1 | −163.3 | 270.9 | 51.2 | 34.7 | |
| St. Vincent and the Grenadines | −82.5 | 99.2 | 11.3 | 23.5 | 44.9 | 25.4 | −45.6 | 48.9 | 27.7 | 13.2 | 5.5 | 3.5 | 0.0 | |
| Current account balances (percent GDP) | −19.7 | −17.7 | −17.1 | −16.9 | −13.6 | −10.0 | −11.9 | −13.7 | −13.9 | −13.9 | −13.1 | −13.0 | −13.0 | |
| Anguilla | −18.9 | −12.7 | −19.4 | −17.7 | −20.9 | −21.3 | −24.6 | −24.6 | −24.7 | −24.9 | −25.2 | −25.6 | −25.6 | |
| Antigua and Barbuda | −14.6 | −10.3 | −14.8 | −15.1 | −12.5 | −5.2 | −5.9 | −9.8 | −9.6 | −9.6 | −9.7 | −9.7 | −9.7 | |
| Dominica | −15.9 | −14.1 | −17.3 | −9.7 | −9.5 | −8.0 | −11.8 | −12.1 | −16.6 | −16.0 | −13.2 | −10.3 | −10.3 | |
| Grenada | −23.7 | −23.6 | −21.1 | −23.2 | −17.5 | −17.5 | −14.6 | −15.4 | −15.0 | −15.0 | −14.4 | −14.4 | −14.4 | |
| Montserrat | −35.1 | −15.8 | −21.7 | −48.8 | −20.3 | −2.8 | −9.8 | −10.7 | −10.2 | −11.9 | −3.4 | −6.9 | −6.9 | |
| St. Kitts and Nevis | −20.3 | −13.0 | −8.3 | −11.3 | −8.1 | −9.2 | −16.0 | −18.5 | −17.7 | −18.2 | −17.6 | −16.9 | −16.9 | |
| St. Lucia | −16.3 | −19.0 | −13.5 | −11.1 | −8.9 | −2.6 | −6.7 | −8.8 | −9.3 | −8.9 | −8.9 | −8.9 | −8.9 | |
| St. Vincent and the Grenadines | −30.6 | −29.4 | −27.6 | −30.9 | −25.1 | −21.2 | −18.9 | −18.2 | −17.4 | −16.8 | −16.2 | −15.5 | −15.5 | |
| Trade balances (percent GDP) | −32.9 | −32.9 | −32.0 | −32.9 | −31.8 | −28.0 | −29.2 | −30.2 | −30.3 | −30.1 | −29.6 | −29.5 | −29.5 | |
| Anguilla | −44.6 | −41.6 | −43.5 | −44.4 | −42.2 | −43.8 | −45.8 | −45.8 | −46.0 | −46.1 | −46.4 | −46.8 | −46.8 | |
| Antigua and Barbuda | −35.6 | −32.8 | −35.7 | −36.8 | −35.2 | −28.4 | −28.1 | −31.1 | −31.4 | −31.5 | −31.6 | −31.8 | −31.8 | |
| Dominica | −32.0 | −33.0 | −30.2 | −27.6 | −31.1 | −30.1 | −36.6 | −39.9 | −42.1 | −39.9 | −36.9 | −33.8 | −33.8 | |
| Grenada | −33.0 | −33.2 | −32.2 | −33.1 | −28.0 | −27.2 | −27.4 | −27.7 | −27.7 | −27.9 | −27.7 | −27.8 | −27.8 | |
| Montserrat | −44.8 | −42.8 | −49.5 | −52.6 | −56.2 | −52.8 | −44.7 | −55.2 | −49.3 | −48.7 | −36.4 | −37.4 | −37.4 | |
| St. Kitts and Nevis | −28.6 | −25.1 | −23.5 | −31.2 | −30.0 | −27.4 | −28.4 | −27.8 | −27.1 | −26.5 | −26.5 | −26.6 | −26.6 | |
| St. Lucia | −27.7 | −32.9 | −27.3 | −26.2 | −26.5 | −20.6 | −23.3 | −23.7 | −23.5 | −23.3 | −23.3 | −23.3 | −23.3 | |
| St. Vincent and the Grenadines | −37.1 | −36.8 | −38.4 | −37.7 | −36.5 | −33.0 | −32.1 | −31.6 | −31.2 | −30.9 | −30.5 | −30.2 | −30.2 | |
| Foreign direct investment (percent GDP) | 10.2 | 8.4 | 10.2 | 12.5 | 11.0 | 11.8 | 12.1 | 12.1 | 12.4 | 12.2 | 12.0 | 11.9 | 11.9 | |
| Anguilla | 4.3 | 13.3 | 15.5 | 14.9 | 25.5 | 26.7 | 26.3 | 25.5 | 24.7 | 23.9 | 23.1 | 22.4 | 22.4 | |
| Antigua and Barbuda | 8.4 | 5.7 | 11.0 | 7.9 | 9.3 | 9.1 | 9.1 | 9.6 | 9.9 | 10.2 | 10.6 | 11.0 | 11.0 | |
| Dominica | 8.7 | 6.9 | 12.0 | 4.6 | 6.3 | 6.6 | 9.0 | 10.3 | 12.7 | 12.6 | 10.5 | 8.3 | 8.3 | |
| Grenada | 7.8 | 5.5 | 3.9 | 13.4 | 4.1 | 9.9 | 8.3 | 8.6 | 8.7 | 9.2 | 9.2 | 9.2 | 9.2 | |
| Montserrat | 6.4 | 3.9 | 4.2 | 6.3 | 10.5 | 7.0 | 6.7 | 7.0 | 6.9 | 6.9 | 6.9 | 6.9 | 6.9 | |
| St. Kitts and Nevis | 16.5 | 14.6 | 14.8 | 23.6 | 22.5 | 20.7 | 20.5 | 19.9 | 19.1 | 18.2 | 17.6 | 16.9 | 16.9 | |
| St. Lucia | 9.8 | 6.3 | 5.7 | 7.0 | 6.5 | 6.5 | 6.8 | 6.8 | 7.0 | 7.1 | 7.1 | 7.2 | 7.2 | |
| St. Vincent and the Grenadines | 14.3 | 12.7 | 16.6 | 22.1 | 15.0 | 16.3 | 18.1 | 17.6 | 17.2 | 16.8 | 16.6 | 16.1 | 16.1 | |
The contraction in 2012,2013, and 2014 is associated with restructuring of public debt.
ECCU: Selected Economic Indicators by Country, 2010–22
| Prel. | Proj. | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | ||
| (Annual percentage change) | ||||||||||||||
| Real GDP (ECCU-8) | −3.3 | −0.3 | 0.3 | 1.8 | 3.2 | 2.6 | 2.0 | 2.4 | 2.3 | 2.2 | 2.2 | 2.2 | 2.2 | |
| Anguilla | −5.8 | −2.6 | −1.9 | 0.5 | 5.6 | 2.8 | 3.8 | 3.1 | 3.2 | 3.3 | 2.8 | 2.8 | 2.8 | |
| Antigua and Barbuda | −8.4 | −1.8 | 3.5 | 1.4 | 4.8 | 3.8 | 3.7 | 2.2 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | |
| Dominica | 0.7 | 0.8 | −0.8 | 1.9 | 3.7 | −2.5 | 1.0 | 3.6 | 3.3 | 2.2 | 2.1 | 1.8 | 1.5 | |
| Grenada | −2.0 | 0.1 | −0.6 | 3.2 | 6.5 | 5.2 | 2.0 | 2.4 | 2.2 | 2.2 | 2.5 | 2.7 | 2.7 | |
| Montserrat | −3.0 | 6.2 | 1.6 | 5.3 | 0.3 | 0.3 | 3.6 | 1.7 | 2.0 | 2.2 | 2.2 | 2.2 | 2.2 | |
| St. Kitts and Nevis | −2.9 | −0.8 | −0.8 | 6.6 | 5.1 | 4.9 | 2.9 | 3.2 | 3.2 | 2.9 | 2.8 | 2.8 | 2.7 | |
| St. Lucia | −0.8 | 0.7 | −1.2 | −2.1 | −0.7 | 1.2 | −0.6 | 1.2 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | |
| St. Vincent and the Grenadines | −2.3 | 0.2 | 1.3 | 2.5 | 0.2 | 0.6 | 1.8 | 2.5 | 2.8 | 2.9 | 3.0 | 3.0 | 2.8 | |
| CPI (end of period) | 3.1 | 3.8 | 2.2 | −0.1 | 0.9 | −0.9 | 0.3 | 1.8 | 1.7 | 1.9 | 1.9 | 1.9 | 1.9 | |
| Anguilla | 3.8 | 4.4 | −0.3 | 0.8 | −0.9 | −1.7 | −0.4 | 1.6 | 1.9 | 2.3 | 2.3 | 2.3 | 2.3 | |
| Antigua and Barbuda | 2.9 | 4.0 | 1.8 | 1.1 | 1.3 | 0.9 | −0.6 | 2.3 | 2.4 | 2.5 | 2.5 | 2.5 | 2.5 | |
| Dominica | 0.0 | 1.9 | 1.3 | −0.4 | 0.5 | −0.5 | −0.2 | 1.4 | 1.4 | 1.8 | 1.8 | 2.0 | 2.0 | |
| Grenada | 4.2 | 3.5 | 1.8 | −1.2 | −0.6 | 1.1 | 0.9 | 3.0 | 1.8 | 1.9 | 1.9 | 1.9 | 1.9 | |
| Montserrat | 2.5 | 4.4 | 3.6 | −0.5 | −0.9 | −0.1 | −1.3 | 1.0 | 1.5 | 2.0 | 2.0 | 2.0 | 2.0 | |
| St. Kitts and Nevis | 4.3 | 2.0 | 0.5 | 0.6 | −0.5 | −2.4 | 0.9 | 1.5 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | |
| St. Lucia | 4.2 | 4.8 | 5.0 | −0.7 | 3.7 | −2.6 | 0.6 | 0.7 | 1.1 | 1.5 | 1.5 | 1.5 | 1.5 | |
| St. Vincent and the Grenadines | 0.9 | 4.7 | 1.0 | 0.0 | 0.1 | −2.1 | 1.0 | 1.7 | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | |
| CPI (period average) | 2.6 | 3.4 | 2.7 | 0.8 | 1.0 | −0.8 | −0.3 | 1.7 | 1.6 | 1.9 | 1.9 | 1.9 | 1.9 | |
| Anguilla | 2.1 | 4.7 | 1.4 | 0.1 | −0.3 | −1.0 | −0.5 | 2.0 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | |
| Antigua and Barbuda | 3.4 | 3.5 | 3.4 | 1.1 | 1.1 | 1.0 | −0.4 | 1.7 | 2.4 | 2.5 | 2.5 | 2.5 | 2.5 | |
| Dominica | 2.8 | 1.1 | 1.4 | 0.0 | 0.8 | −0.8 | 0.0 | 0.6 | 1.4 | 1.6 | 1.8 | 1.9 | 2.0 | |
| Grenada | 3.4 | 3.0 | 2.4 | 0.0 | −1.0 | −0.6 | 1.7 | 2.6 | 2.0 | 1.8 | 1.9 | 1.9 | 1.9 | |
| Montserrat | 2.1 | 3.7 | 4.8 | 0.9 | −0.4 | −1.1 | −0.2 | 1.0 | 1.5 | 2.0 | 2.0 | 2.0 | 2.0 | |
| St. Kitts and Nevis | 0.9 | 5.8 | 0.8 | 1.1 | 0.2 | −2.3 | −0.7 | 1.2 | 1.8 | 2.0 | 2.0 | 2.0 | 2.0 | |
| St. Lucia | 3.3 | 2.8 | 4.2 | 1.5 | 3.5 | −1.0 | −1.7 | 1.9 | 0.7 | 1.5 | 1.5 | 1.4 | 1.5 | |
| St. Vincent and the Grenadines | 0.8 | 3.2 | 2.6 | 0.8 | 0.2 | −1.7 | −0.2 | 1.3 | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | |
| Private sector credit | 2.2 | 1.4 | 4.4 | −2.7 | −4.6 | −4.3 | −5.9 | 0.6 | 1.4 | 3.1 | 3.6 | 3.8 | 4.0 | |
| Anguilla | 0.2 | 0.1 | −3.4 | −3.5 | −3.8 | −3.5 | −47.0 | 1.2 | 3.0 | 3.8 | 4.0 | 4.0 | 4.0 | |
| Antigua and Barbuda | 0.2 | −4.4 | −2.8 | −4.0 | −5.2 | −11.3 | 5.8 | 2.5 | 4.8 | 4.7 | 6.2 | 6.5 | 6.7 | |
| Dominica | 9.5 | 6.6 | 4.3 | −0.7 | −2.2 | 0.3 | 2.9 | 4.0 | 3.7 | 4.0 | 3.9 | 3.8 | 4.0 | |
| Grenada | 5.6 | 2.2 | 0.2 | −5.7 | −5.1 | −3.8 | 4.1 | 2.7 | 4.5 | 4.4 | 4.6 | 4.9 | 4.9 | |
| Montserrat | 16.1 | 10.7 | 9.9 | −11.0 | 0.4 | 5.4 | 13.5 | 5.7 | 5.4 | 5.5 | 5.2 | 5.4 | 5.3 | |
| St. Kitts and Nevis | 3.5 | 3.7 | 0.2 | −0.9 | 0.6 | 3.2 | −0.4 | 3.5 | 3.8 | 3.8 | 4.5 | 5.0 | 5.0 | |
| St. Lucia | 1.1 | 2.6 | 5.1 | −0.8 | −6.7 | −6.8 | −4.8 | 0.0 | 0.0 | 0.0 | 3.0 | 3.0 | 3.1 | |
| St. Vincent and the Grenadines | 1.8 | 4.1 | 3.5 | 1.3 | −0.2 | 2.4 | 1.3 | 0.0 | 1.0 | 1.0 | 1.0 | 2.0 | 2.0 | |
| Net credit to public sector | −123.8 | 47.6 | −146.8 | −1721.4 | −71.9 | 164.5 | 30.5 | −0.3 | 2.7 | −0.1 | 2.1 | 2.7 | 1.8 | |
| Anguilla | 443.4 | 19.1 | 12.6 | 9.3 | 7.6 | 1.5 | −60.0 | 1.5 | 1.7 | 1.8 | 1.9 | 1.9 | 2.0 | |
| Antigua and Barbuda | −16.1 | −7.4 | −26.7 | 42.8 | 13.5 | −8.0 | −25.7 | −6.7 | −15.3 | −16.7 | −19.1 | −23.4 | −41.0 | |
| Dominica | −1.1 | −30.6 | 37.9 | −103.5 | 490.0 | −334.0 | 384.3 | 0.9 | 1.1 | 0.8 | 0.9 | 0.8 | −67.2 | |
| Grenada | −1661.2 | −17.1 | −152.9 | −194.3 | 239.7 | 128.7 | 24.1 | 5.7 | 5.2 | 5.0 | 2.0 | 2.2 | 2.2 | |
| Montserrat | 7.9 | 57.3 | 25.5 | −16.9 | −3.5 | 37.5 | −6.6 | 13.5 | 7.4 | 9.7 | 7.9 | 7.4 | 6.9 | |
| St. Kitts and Nevis 1/ | 21.9 | −35.8 | −73.4 | −1117.6 | 43.4 | 2.1 | 5.5 | −4.4 | −3.6 | −7.3 | −6.6 | −6.3 | −7.2 | |
| St. Lucia | 35.6 | −26.1 | −37.5 | −59.1 | 168.7 | 27.4 | −36.7 | −47.7 | −63.1 | −163.3 | 270.9 | 51.2 | 34.7 | |
| St. Vincent and the Grenadines | −82.5 | 99.2 | 11.3 | 23.5 | 44.9 | 25.4 | −45.6 | 48.9 | 27.7 | 13.2 | 5.5 | 3.5 | 0.0 | |
| Current account balances (percent GDP) | −19.7 | −17.7 | −17.1 | −16.9 | −13.6 | −10.0 | −11.9 | −13.7 | −13.9 | −13.9 | −13.1 | −13.0 | −13.0 | |
| Anguilla | −18.9 | −12.7 | −19.4 | −17.7 | −20.9 | −21.3 | −24.6 | −24.6 | −24.7 | −24.9 | −25.2 | −25.6 | −25.6 | |
| Antigua and Barbuda | −14.6 | −10.3 | −14.8 | −15.1 | −12.5 | −5.2 | −5.9 | −9.8 | −9.6 | −9.6 | −9.7 | −9.7 | −9.7 | |
| Dominica | −15.9 | −14.1 | −17.3 | −9.7 | −9.5 | −8.0 | −11.8 | −12.1 | −16.6 | −16.0 | −13.2 | −10.3 | −10.3 | |
| Grenada | −23.7 | −23.6 | −21.1 | −23.2 | −17.5 | −17.5 | −14.6 | −15.4 | −15.0 | −15.0 | −14.4 | −14.4 | −14.4 | |
| Montserrat | −35.1 | −15.8 | −21.7 | −48.8 | −20.3 | −2.8 | −9.8 | −10.7 | −10.2 | −11.9 | −3.4 | −6.9 | −6.9 | |
| St. Kitts and Nevis | −20.3 | −13.0 | −8.3 | −11.3 | −8.1 | −9.2 | −16.0 | −18.5 | −17.7 | −18.2 | −17.6 | −16.9 | −16.9 | |
| St. Lucia | −16.3 | −19.0 | −13.5 | −11.1 | −8.9 | −2.6 | −6.7 | −8.8 | −9.3 | −8.9 | −8.9 | −8.9 | −8.9 | |
| St. Vincent and the Grenadines | −30.6 | −29.4 | −27.6 | −30.9 | −25.1 | −21.2 | −18.9 | −18.2 | −17.4 | −16.8 | −16.2 | −15.5 | −15.5 | |
| Trade balances (percent GDP) | −32.9 | −32.9 | −32.0 | −32.9 | −31.8 | −28.0 | −29.2 | −30.2 | −30.3 | −30.1 | −29.6 | −29.5 | −29.5 | |
| Anguilla | −44.6 | −41.6 | −43.5 | −44.4 | −42.2 | −43.8 | −45.8 | −45.8 | −46.0 | −46.1 | −46.4 | −46.8 | −46.8 | |
| Antigua and Barbuda | −35.6 | −32.8 | −35.7 | −36.8 | −35.2 | −28.4 | −28.1 | −31.1 | −31.4 | −31.5 | −31.6 | −31.8 | −31.8 | |
| Dominica | −32.0 | −33.0 | −30.2 | −27.6 | −31.1 | −30.1 | −36.6 | −39.9 | −42.1 | −39.9 | −36.9 | −33.8 | −33.8 | |
| Grenada | −33.0 | −33.2 | −32.2 | −33.1 | −28.0 | −27.2 | −27.4 | −27.7 | −27.7 | −27.9 | −27.7 | −27.8 | −27.8 | |
| Montserrat | −44.8 | −42.8 | −49.5 | −52.6 | −56.2 | −52.8 | −44.7 | −55.2 | −49.3 | −48.7 | −36.4 | −37.4 | −37.4 | |
| St. Kitts and Nevis | −28.6 | −25.1 | −23.5 | −31.2 | −30.0 | −27.4 | −28.4 | −27.8 | −27.1 | −26.5 | −26.5 | −26.6 | −26.6 | |
| St. Lucia | −27.7 | −32.9 | −27.3 | −26.2 | −26.5 | −20.6 | −23.3 | −23.7 | −23.5 | −23.3 | −23.3 | −23.3 | −23.3 | |
| St. Vincent and the Grenadines | −37.1 | −36.8 | −38.4 | −37.7 | −36.5 | −33.0 | −32.1 | −31.6 | −31.2 | −30.9 | −30.5 | −30.2 | −30.2 | |
| Foreign direct investment (percent GDP) | 10.2 | 8.4 | 10.2 | 12.5 | 11.0 | 11.8 | 12.1 | 12.1 | 12.4 | 12.2 | 12.0 | 11.9 | 11.9 | |
| Anguilla | 4.3 | 13.3 | 15.5 | 14.9 | 25.5 | 26.7 | 26.3 | 25.5 | 24.7 | 23.9 | 23.1 | 22.4 | 22.4 | |
| Antigua and Barbuda | 8.4 | 5.7 | 11.0 | 7.9 | 9.3 | 9.1 | 9.1 | 9.6 | 9.9 | 10.2 | 10.6 | 11.0 | 11.0 | |
| Dominica | 8.7 | 6.9 | 12.0 | 4.6 | 6.3 | 6.6 | 9.0 | 10.3 | 12.7 | 12.6 | 10.5 | 8.3 | 8.3 | |
| Grenada | 7.8 | 5.5 | 3.9 | 13.4 | 4.1 | 9.9 | 8.3 | 8.6 | 8.7 | 9.2 | 9.2 | 9.2 | 9.2 | |
| Montserrat | 6.4 | 3.9 | 4.2 | 6.3 | 10.5 | 7.0 | 6.7 | 7.0 | 6.9 | 6.9 | 6.9 | 6.9 | 6.9 | |
| St. Kitts and Nevis | 16.5 | 14.6 | 14.8 | 23.6 | 22.5 | 20.7 | 20.5 | 19.9 | 19.1 | 18.2 | 17.6 | 16.9 | 16.9 | |
| St. Lucia | 9.8 | 6.3 | 5.7 | 7.0 | 6.5 | 6.5 | 6.8 | 6.8 | 7.0 | 7.1 | 7.1 | 7.2 | 7.2 | |
| St. Vincent and the Grenadines | 14.3 | 12.7 | 16.6 | 22.1 | 15.0 | 16.3 | 18.1 | 17.6 | 17.2 | 16.8 | 16.6 | 16.1 | 16.1 | |
The contraction in 2012,2013, and 2014 is associated with restructuring of public debt.
ECCU: Selected Central Government Fiscal Indicators by Country, 2010–221
Fiscal years for Dominica, Montserrat (since 2010) and St. Lucia.
An estimate of the bank resolution cost is included for 2016.
An estimate of the bank resolution cost is included for 2015.
ECCU: Selected Central Government Fiscal Indicators by Country, 2010–221
| Prel. | Proj. | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | ||
| Total revenues and grants | 27.3 | 27.0 | 26.0 | 27.4 | 27.7 | 29.0 | 29.1 | 28.2 | 27.5 | 27.0 | 26.7 | 26.5 | 26.3 | |
| Anguilla 2/ | 24.6 | 25.4 | 25.2 | 24.8 | 23.9 | 22.6 | 22.3 | 27.9 | 25.0 | 25.0 | 22.8 | 22.8 | 22.7 | |
| Antigua and Barbuda 3/ | 22.3 | 20.3 | 19.7 | 18.7 | 19.8 | 23.8 | 25.6 | 22.8 | 21.9 | 21.6 | 21.5 | 21.4 | 21.2 | |
| Dominica | 36.0 | 30.8 | 30.4 | 30.0 | 27.6 | 33.9 | 37.5 | 36.9 | 34.0 | 33.0 | 32.6 | 32.1 | 32.0 | |
| Grenada | 24.6 | 23.6 | 20.8 | 20.9 | 24.5 | 24.8 | 26.8 | 26.5 | 26.1 | 25.9 | 25.7 | 25.3 | 25.0 | |
| Montserrat | 80.9 | 78.0 | 82.6 | 95.8 | 94.3 | 113.5 | 78.9 | 92.9 | 85.9 | 81.2 | 79.2 | 76.7 | 74.1 | |
| St. Kitts and Nevis | 29.9 | 35.4 | 36.1 | 45.1 | 42.2 | 38.8 | 32.7 | 30.3 | 30.1 | 27.6 | 27.3 | 27.1 | 26.9 | |
| St. Lucia | 25.9 | 26.4 | 25.0 | 25.6 | 25.7 | 27.0 | 28.0 | 27.2 | 27.2 | 27.2 | 27.3 | 27.3 | 27.3 | |
| St. Vincent and the Grenadines | 29.0 | 27.4 | 26.1 | 26.9 | 29.3 | 28.6 | 29.2 | 28.6 | 28.9 | 29.1 | 29.1 | 29.1 | 29.1 | |
| Current expenditure | 24.2 | 24.1 | 24.2 | 24.3 | 24.0 | 24.6 | 26.1 | 24.0 | 23.8 | 23.6 | 23.5 | 23.4 | 23.3 | |
| Anguilla 2/ | 26.9 | 22.1 | 22.8 | 23.3 | 21.6 | 21.7 | 57.4 | 21.8 | 21.2 | 20.4 | 19.7 | 19.1 | 18.5 | |
| Antigua and Barbuda 3/ | 20.5 | 22.0 | 20.1 | 20.9 | 21.0 | 25.0 | 21.6 | 19.8 | 19.9 | 20.0 | 20.2 | 20.3 | 20.4 | |
| Dominica | 23.2 | 23.5 | 25.3 | 23.9 | 25.3 | 26.8 | 26.2 | 25.8 | 24.8 | 24.2 | 24.0 | 23.5 | 23.1 | |
| Grenada | 21.0 | 21.0 | 21.7 | 21.1 | 19.9 | 17.6 | 20.2 | 19.9 | 19.6 | 19.3 | 18.9 | 18.7 | 18.6 | |
| Montserrat | 58.8 | 54.2 | 66.2 | 67.1 | 74.0 | 75.5 | 67.0 | 70.7 | 68.8 | 65.6 | 63.8 | 62.8 | 60.9 | |
| St. Kitts and Nevis | 30.4 | 29.5 | 27.6 | 26.4 | 26.6 | 26.1 | 25.7 | 25.3 | 24.8 | 23.9 | 23.7 | 23.7 | 23.5 | |
| St. Lucia | 22.0 | 22.4 | 24.5 | 26.0 | 25.0 | 25.4 | 26.8 | 27.1 | 27.4 | 27.8 | 28.2 | 28.5 | 28.8 | |
| St. Vincent and the Grenadines | 28.3 | 27.1 | 26.2 | 25.2 | 25.9 | 25.7 | 24.9 | 25.9 | 25.3 | 25.2 | 25.1 | 25.0 | 24.9 | |
| Capital expenditure and net lending | 6.8 | 6.2 | 5.1 | 5.9 | 5.3 | 5.0 | 4.9 | 4.8 | 4.3 | 4.0 | 3.8 | 3.6 | 3.7 | |
| Anguilla 2/ | 0.4 | 1.2 | 1.5 | 1.1 | 0.4 | 0.9 | 1.3 | 1.6 | 1.5 | 1.4 | 1.4 | 1.3 | 1.2 | |
| Antigua and Barbuda 3/ | 2.1 | 1.3 | 0.6 | 1.3 | 1.6 | 1.4 | 2.9 | 2.6 | 1.4 | 1.3 | 1.3 | 1.3 | 1.3 | |
| Dominica | 16.3 | 11.7 | 10.5 | 9.0 | 6.9 | 8.0 | 12.6 | 10.8 | 9.1 | 8.7 | 8.3 | 7.8 | 7.5 | |
| Grenada | 7.3 | 7.8 | 5.0 | 7.1 | 9.2 | 8.4 | 4.3 | 4.4 | 4.1 | 4.1 | 3.8 | 4.0 | 5.2 | |
| Montserrat | 19.9 | 16.2 | 23.5 | 45.8 | 26.5 | 16.5 | 12.2 | 15.1 | 13.0 | 10.1 | 10.7 | 9.4 | 8.3 | |
| St. Kitts and Nevis | 6.8 | 4.1 | 3.6 | 6.7 | 6.1 | 7.1 | 5.7 | 7.4 | 7.0 | 6.9 | 6.2 | 5.8 | 5.8 | |
| St. Lucia | 8.8 | 10.6 | 9.8 | 5.7 | 4.4 | 4.3 | 5.1 | 5.0 | 4.7 | 3.3 | 3.1 | 2.7 | 2.4 | |
| St. Vincent and the Grenadines | 4.5 | 4.0 | 1.8 | 7.8 | 6.4 | 5.0 | 3.4 | 2.4 | 2.9 | 3.6 | 3.7 | 3.7 | 3.7 | |
| Saving (current revenue less current expenditure) | −0.7 | −0.1 | −0.4 | 0.1 | 0.7 | 0.8 | −0.6 | 1.0 | 0.9 | 0.8 | 0.8 | 0.9 | 0.9 | |
| Anguilla 2/ | −7.0 | 3.3 | 0.6 | −0.6 | 0.6 | 0.4 | −36.2 | −0.3 | 0.3 | 1.1 | 1.7 | 2.4 | 2.9 | |
| Antigua and Barbuda 3/ | 0.2 | −2.6 | −0.6 | −2.2 | −3.4 | −7.0 | −3.4 | −0.4 | −0.6 | −0.7 | −0.9 | −1.0 | −1.1 | |
| Dominica | 3.3 | 2.3 | 2.3 | 3.0 | 0.2 | 4.9 | 10.4 | 9.6 | 7.2 | 6.6 | 6.4 | 6.5 | 6.8 | |
| Grenada | −0.4 | −0.8 | −2.0 | −1.6 | 0.5 | 3.9 | 3.1 | 2.4 | 2.8 | 3.1 | 3.5 | 3.7 | 3.8 | |
| Montserrat | −33.1 | −30.2 | −41.0 | −41.1 | −45.6 | −47.0 | −39.4 | −42.8 | −40.5 | −36.8 | −34.7 | −33.2 | −30.5 | |
| St. Kitts and Nevis | −3.4 | 2.5 | 5.0 | 11.8 | 12.6 | 11.4 | 5.5 | 3.0 | 3.3 | 2.2 | 2.3 | 2.3 | 2.3 | |
| St. Lucia | 1.3 | 1.7 | −1.5 | −1.9 | −0.7 | 0.3 | −0.4 | −1.2 | −1.5 | −1.9 | −2.1 | −2.5 | −2.8 | |
| St. Vincent and the Grenadines | −1.7 | −1.8 | −1.0 | −1.5 | 1.3 | 0.3 | 3.3 | 1.4 | 2.1 | 2.5 | 2.6 | 2.7 | 2.8 | |
| Primary balance | −0.7 | −0.4 | −0.2 | 0.1 | 1.3 | 2.1 | 0.9 | 2.2 | 2.3 | 2.3 | 2.4 | 2.4 | 2.3 | |
| Anguilla 2/ | −1.2 | 3.2 | 2.1 | 1.6 | 3.0 | 0.9 | −35.0 | 6.2 | 4.0 | 4.7 | 3.1 | 3.7 | 4.1 | |
| Antigua and Barbuda 3/ | 1.8 | −0.8 | 1.3 | −1.7 | −0.2 | −0.1 | 3.6 | 3.0 | 3.2 | 3.0 | 2.7 | 2.5 | 2.3 | |
| Dominica | −1.8 | −2.9 | −3.4 | −0.8 | −3.1 | 1.1 | 0.8 | 2.3 | 2.0 | 2.1 | 2.1 | 2.7 | 3.2 | |
| Grenada | −1.5 | −2.7 | −2.5 | −3.9 | −1.1 | 2.2 | 5.3 | 4.4 | 4.3 | 4.3 | 4.4 | 3.9 | 2.4 | |
| Montserrat | 2.3 | 7.7 | −7.0 | −17.0 | −6.1 | 21.6 | −0.3 | 7.2 | 4.2 | 5.7 | 4.8 | 4.7 | 4.9 | |
| St. Kitts and Nevis | −0.6 | 8.0 | 10.8 | 16.0 | 12.3 | 7.8 | 3.1 | −0.7 | −0.1 | −1.6 | −0.9 | −0.6 | −0.7 | |
| St. Lucia | −1.9 | −3.5 | −5.8 | −2.1 | 0.1 | 1.5 | 0.9 | 0.1 | 0.4 | 1.8 | 2.1 | 2.5 | 2.8 | |
| St. Vincent and the Grenadines | −0.9 | −1.2 | 0.4 | −3.7 | −0.7 | 0.1 | 3.2 | 3.1 | 3.3 | 3.0 | 3.0 | 3.0 | 3.0 | |
| Overall balance | −3.6 | −3.3 | −3.3 | −2.7 | −1.5 | −0.7 | −1.9 | −0.6 | −0.6 | −0.6 | −0.5 | −0.5 | −0.7 | |
| Anguilla 2/ | −2.7 | 2.1 | 0.9 | 0.4 | 1.9 | 0.0 | −36.4 | 4.5 | 2.3 | 3.1 | 1.7 | 2.4 | 2.9 | |
| Antigua and Barbuda 3/ | −0.3 | −2.9 | −1.0 | −3.5 | −2.8 | −2.6 | 1.0 | 0.4 | 0.5 | 0.3 | 0.0 | −0.2 | −0.4 | |
| Dominica | −3.4 | −4.4 | −5.4 | −2.8 | −4.7 | −0.9 | −1.2 | 0.3 | 0.1 | 0.1 | 0.3 | 0.8 | 1.4 | |
| Grenada | −3.6 | −5.2 | −5.9 | −7.3 | −4.7 | −1.2 | 2.4 | 2.2 | 2.4 | 2.6 | 2.9 | 2.5 | 1.2 | |
| Montserrat | 2.3 | 7.7 | −7.0 | −17.0 | −6.2 | 21.6 | −0.3 | 7.1 | 4.1 | 5.6 | 4.7 | 4.6 | 4.8 | |
| St. Kitts and Nevis | −7.3 | 1.8 | 4.9 | 12.1 | 9.5 | 5.7 | 1.4 | −2.4 | −1.7 | −3.2 | −2.6 | −2.3 | −2.3 | |
| St. Lucia | −4.9 | −6.6 | −9.3 | −6.0 | −3.7 | −2.6 | −3.9 | −4.9 | −4.9 | −3.9 | −3.9 | −3.9 | −3.9 | |
| St. Vincent and the Grenadines | −3.9 | −3.7 | −1.9 | −6.2 | −3.0 | −2.1 | 1.0 | 0.3 | 0.6 | 0.3 | 0.3 | 0.4 | 0.5 | |
Fiscal years for Dominica, Montserrat (since 2010) and St. Lucia.
An estimate of the bank resolution cost is included for 2016.
An estimate of the bank resolution cost is included for 2015.
ECCU: Selected Central Government Fiscal Indicators by Country, 2010–221
| Prel. | Proj. | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | ||
| Total revenues and grants | 27.3 | 27.0 | 26.0 | 27.4 | 27.7 | 29.0 | 29.1 | 28.2 | 27.5 | 27.0 | 26.7 | 26.5 | 26.3 | |
| Anguilla 2/ | 24.6 | 25.4 | 25.2 | 24.8 | 23.9 | 22.6 | 22.3 | 27.9 | 25.0 | 25.0 | 22.8 | 22.8 | 22.7 | |
| Antigua and Barbuda 3/ | 22.3 | 20.3 | 19.7 | 18.7 | 19.8 | 23.8 | 25.6 | 22.8 | 21.9 | 21.6 | 21.5 | 21.4 | 21.2 | |
| Dominica | 36.0 | 30.8 | 30.4 | 30.0 | 27.6 | 33.9 | 37.5 | 36.9 | 34.0 | 33.0 | 32.6 | 32.1 | 32.0 | |
| Grenada | 24.6 | 23.6 | 20.8 | 20.9 | 24.5 | 24.8 | 26.8 | 26.5 | 26.1 | 25.9 | 25.7 | 25.3 | 25.0 | |
| Montserrat | 80.9 | 78.0 | 82.6 | 95.8 | 94.3 | 113.5 | 78.9 | 92.9 | 85.9 | 81.2 | 79.2 | 76.7 | 74.1 | |
| St. Kitts and Nevis | 29.9 | 35.4 | 36.1 | 45.1 | 42.2 | 38.8 | 32.7 | 30.3 | 30.1 | 27.6 | 27.3 | 27.1 | 26.9 | |
| St. Lucia | 25.9 | 26.4 | 25.0 | 25.6 | 25.7 | 27.0 | 28.0 | 27.2 | 27.2 | 27.2 | 27.3 | 27.3 | 27.3 | |
| St. Vincent and the Grenadines | 29.0 | 27.4 | 26.1 | 26.9 | 29.3 | 28.6 | 29.2 | 28.6 | 28.9 | 29.1 | 29.1 | 29.1 | 29.1 | |
| Current expenditure | 24.2 | 24.1 | 24.2 | 24.3 | 24.0 | 24.6 | 26.1 | 24.0 | 23.8 | 23.6 | 23.5 | 23.4 | 23.3 | |
| Anguilla 2/ | 26.9 | 22.1 | 22.8 | 23.3 | 21.6 | 21.7 | 57.4 | 21.8 | 21.2 | 20.4 | 19.7 | 19.1 | 18.5 | |
| Antigua and Barbuda 3/ | 20.5 | 22.0 | 20.1 | 20.9 | 21.0 | 25.0 | 21.6 | 19.8 | 19.9 | 20.0 | 20.2 | 20.3 | 20.4 | |
| Dominica | 23.2 | 23.5 | 25.3 | 23.9 | 25.3 | 26.8 | 26.2 | 25.8 | 24.8 | 24.2 | 24.0 | 23.5 | 23.1 | |
| Grenada | 21.0 | 21.0 | 21.7 | 21.1 | 19.9 | 17.6 | 20.2 | 19.9 | 19.6 | 19.3 | 18.9 | 18.7 | 18.6 | |
| Montserrat | 58.8 | 54.2 | 66.2 | 67.1 | 74.0 | 75.5 | 67.0 | 70.7 | 68.8 | 65.6 | 63.8 | 62.8 | 60.9 | |
| St. Kitts and Nevis | 30.4 | 29.5 | 27.6 | 26.4 | 26.6 | 26.1 | 25.7 | 25.3 | 24.8 | 23.9 | 23.7 | 23.7 | 23.5 | |
| St. Lucia | 22.0 | 22.4 | 24.5 | 26.0 | 25.0 | 25.4 | 26.8 | 27.1 | 27.4 | 27.8 | 28.2 | 28.5 | 28.8 | |
| St. Vincent and the Grenadines | 28.3 | 27.1 | 26.2 | 25.2 | 25.9 | 25.7 | 24.9 | 25.9 | 25.3 | 25.2 | 25.1 | 25.0 | 24.9 | |
| Capital expenditure and net lending | 6.8 | 6.2 | 5.1 | 5.9 | 5.3 | 5.0 | 4.9 | 4.8 | 4.3 | 4.0 | 3.8 | 3.6 | 3.7 | |
| Anguilla 2/ | 0.4 | 1.2 | 1.5 | 1.1 | 0.4 | 0.9 | 1.3 | 1.6 | 1.5 | 1.4 | 1.4 | 1.3 | 1.2 | |
| Antigua and Barbuda 3/ | 2.1 | 1.3 | 0.6 | 1.3 | 1.6 | 1.4 | 2.9 | 2.6 | 1.4 | 1.3 | 1.3 | 1.3 | 1.3 | |
| Dominica | 16.3 | 11.7 | 10.5 | 9.0 | 6.9 | 8.0 | 12.6 | 10.8 | 9.1 | 8.7 | 8.3 | 7.8 | 7.5 | |
| Grenada | 7.3 | 7.8 | 5.0 | 7.1 | 9.2 | 8.4 | 4.3 | 4.4 | 4.1 | 4.1 | 3.8 | 4.0 | 5.2 | |
| Montserrat | 19.9 | 16.2 | 23.5 | 45.8 | 26.5 | 16.5 | 12.2 | 15.1 | 13.0 | 10.1 | 10.7 | 9.4 | 8.3 | |
| St. Kitts and Nevis | 6.8 | 4.1 | 3.6 | 6.7 | 6.1 | 7.1 | 5.7 | 7.4 | 7.0 | 6.9 | 6.2 | 5.8 | 5.8 | |
| St. Lucia | 8.8 | 10.6 | 9.8 | 5.7 | 4.4 | 4.3 | 5.1 | 5.0 | 4.7 | 3.3 | 3.1 | 2.7 | 2.4 | |
| St. Vincent and the Grenadines | 4.5 | 4.0 | 1.8 | 7.8 | 6.4 | 5.0 | 3.4 | 2.4 | 2.9 | 3.6 | 3.7 | 3.7 | 3.7 | |
| Saving (current revenue less current expenditure) | −0.7 | −0.1 | −0.4 | 0.1 | 0.7 | 0.8 | −0.6 | 1.0 | 0.9 | 0.8 | 0.8 | 0.9 | 0.9 | |
| Anguilla 2/ | −7.0 | 3.3 | 0.6 | −0.6 | 0.6 | 0.4 | −36.2 | −0.3 | 0.3 | 1.1 | 1.7 | 2.4 | 2.9 | |
| Antigua and Barbuda 3/ | 0.2 | −2.6 | −0.6 | −2.2 | −3.4 | −7.0 | −3.4 | −0.4 | −0.6 | −0.7 | −0.9 | −1.0 | −1.1 | |
| Dominica | 3.3 | 2.3 | 2.3 | 3.0 | 0.2 | 4.9 | 10.4 | 9.6 | 7.2 | 6.6 | 6.4 | 6.5 | 6.8 | |
| Grenada | −0.4 | −0.8 | −2.0 | −1.6 | 0.5 | 3.9 | 3.1 | 2.4 | 2.8 | 3.1 | 3.5 | 3.7 | 3.8 | |
| Montserrat | −33.1 | −30.2 | −41.0 | −41.1 | −45.6 | −47.0 | −39.4 | −42.8 | −40.5 | −36.8 | −34.7 | −33.2 | −30.5 | |
| St. Kitts and Nevis | −3.4 | 2.5 | 5.0 | 11.8 | 12.6 | 11.4 | 5.5 | 3.0 | 3.3 | 2.2 | 2.3 | 2.3 | 2.3 | |
| St. Lucia | 1.3 | 1.7 | −1.5 | −1.9 | −0.7 | 0.3 | −0.4 | −1.2 | −1.5 | −1.9 | −2.1 | −2.5 | −2.8 | |
| St. Vincent and the Grenadines | −1.7 | −1.8 | −1.0 | −1.5 | 1.3 | 0.3 | 3.3 | 1.4 | 2.1 | 2.5 | 2.6 | 2.7 | 2.8 | |
| Primary balance | −0.7 | −0.4 | −0.2 | 0.1 | 1.3 | 2.1 | 0.9 | 2.2 | 2.3 | 2.3 | 2.4 | 2.4 | 2.3 | |
| Anguilla 2/ | −1.2 | 3.2 | 2.1 | 1.6 | 3.0 | 0.9 | −35.0 | 6.2 | 4.0 | 4.7 | 3.1 | 3.7 | 4.1 | |
| Antigua and Barbuda 3/ | 1.8 | −0.8 | 1.3 | −1.7 | −0.2 | −0.1 | 3.6 | 3.0 | 3.2 | 3.0 | 2.7 | 2.5 | 2.3 | |
| Dominica | −1.8 | −2.9 | −3.4 | −0.8 | −3.1 | 1.1 | 0.8 | 2.3 | 2.0 | 2.1 | 2.1 | 2.7 | 3.2 | |
| Grenada | −1.5 | −2.7 | −2.5 | −3.9 | −1.1 | 2.2 | 5.3 | 4.4 | 4.3 | 4.3 | 4.4 | 3.9 | 2.4 | |
| Montserrat | 2.3 | 7.7 | −7.0 | −17.0 | −6.1 | 21.6 | −0.3 | 7.2 | 4.2 | 5.7 | 4.8 | 4.7 | 4.9 | |
| St. Kitts and Nevis | −0.6 | 8.0 | 10.8 | 16.0 | 12.3 | 7.8 | 3.1 | −0.7 | −0.1 | −1.6 | −0.9 | −0.6 | −0.7 | |
| St. Lucia | −1.9 | −3.5 | −5.8 | −2.1 | 0.1 | 1.5 | 0.9 | 0.1 | 0.4 | 1.8 | 2.1 | 2.5 | 2.8 | |
| St. Vincent and the Grenadines | −0.9 | −1.2 | 0.4 | −3.7 | −0.7 | 0.1 | 3.2 | 3.1 | 3.3 | 3.0 | 3.0 | 3.0 | 3.0 | |
| Overall balance | −3.6 | −3.3 | −3.3 | −2.7 | −1.5 | −0.7 | −1.9 | −0.6 | −0.6 | −0.6 | −0.5 | −0.5 | −0.7 | |
| Anguilla 2/ | −2.7 | 2.1 | 0.9 | 0.4 | 1.9 | 0.0 | −36.4 | 4.5 | 2.3 | 3.1 | 1.7 | 2.4 | 2.9 | |
| Antigua and Barbuda 3/ | −0.3 | −2.9 | −1.0 | −3.5 | −2.8 | −2.6 | 1.0 | 0.4 | 0.5 | 0.3 | 0.0 | −0.2 | −0.4 | |
| Dominica | −3.4 | −4.4 | −5.4 | −2.8 | −4.7 | −0.9 | −1.2 | 0.3 | 0.1 | 0.1 | 0.3 | 0.8 | 1.4 | |
| Grenada | −3.6 | −5.2 | −5.9 | −7.3 | −4.7 | −1.2 | 2.4 | 2.2 | 2.4 | 2.6 | 2.9 | 2.5 | 1.2 | |
| Montserrat | 2.3 | 7.7 | −7.0 | −17.0 | −6.2 | 21.6 | −0.3 | 7.1 | 4.1 | 5.6 | 4.7 | 4.6 | 4.8 | |
| St. Kitts and Nevis | −7.3 | 1.8 | 4.9 | 12.1 | 9.5 | 5.7 | 1.4 | −2.4 | −1.7 | −3.2 | −2.6 | −2.3 | −2.3 | |
| St. Lucia | −4.9 | −6.6 | −9.3 | −6.0 | −3.7 | −2.6 | −3.9 | −4.9 | −4.9 | −3.9 | −3.9 | −3.9 | −3.9 | |
| St. Vincent and the Grenadines | −3.9 | −3.7 | −1.9 | −6.2 | −3.0 | −2.1 | 1.0 | 0.3 | 0.6 | 0.3 | 0.3 | 0.4 | 0.5 | |
Fiscal years for Dominica, Montserrat (since 2010) and St. Lucia.
An estimate of the bank resolution cost is included for 2016.
An estimate of the bank resolution cost is included for 2015.
ECCU: Selected Public Sector Debt Indicators by Country, 2010–221
Fiscal years for Dominica, Montserrat (since 2010) and St. Lucia.
In Anguilla and Antigua, the baselines include banks resolution with important fiscal consolidation commitments that lower significantly the debt-to-GDP ratio over the projection horizon. Additionally, in Grenada, the debt restructuring has taken place with significant impact on the debt-to-GDP ratio.
An estimate of the bank resolution cost is included for 2016 for Anguilla, and 2015 for Antinuga in Barbuda.
Includes external arrears.
Interest payments from 2009 are on accrual basis.
The increase (decrease) in implicit domestic (external) interest rate in 2010 is due to the projected repayment of domestic debt financed by external borrowing, resulting in a large decline (increase) in year-end domestic (external) debt outstanding.
ECCU: Selected Public Sector Debt Indicators by Country, 2010–221
| Prel. | Proj, | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | ||
| (In percent of GDP) | ||||||||||||||
| Total public sector debt 2/ | 84.7 | 85.7 | 86.2 | 85.7 | 84.3 | 81.0 | 79.8 | 76.6 | 74.3 | 72.3 | 70.2 | 68.1 | 66.4 | |
| Anguilla 3/ | 32.5 | 29.2 | 30.9 | 30.4 | 24.1 | 24.6 | 47.0 | 40.0 | 33.8 | 29.7 | 25.4 | 21.4 | 18.0 | |
| Antigua and Barbuda 3/ | 90.0 | 91.6 | 86.4 | 94.8 | 102.7 | 99.1 | 92.7 | 87.9 | 85.0 | 82.4 | 80.2 | 78.3 | 75.3 | |
| Dominica | 66.8 | 69.7 | 72.4 | 80.1 | 82.2 | 82.9 | 82.7 | 80.1 | 77.8 | 75.7 | 73.5 | 70.9 | 68.0 | |
| Grenada | 96.9 | 100.7 | 103.3 | 108.1 | 101.8 | 91.7 | 83.4 | 71.8 | 65.8 | 60.4 | 54.9 | 49.8 | 46.3 | |
| Montserrat | 5.8 | 4.7 | 4.3 | 4.7 | 4.3 | 6.0 | 5.3 | 4.8 | 4.3 | 3.7 | 3.3 | 2.8 | 2.4 | |
| St. Kitts and Nevis | 156.5 | 146.6 | 137.9 | 101.1 | 81.4 | 70.6 | 65.6 | 62.7 | 60.0 | 58.0 | 5 5.8 | 52.7 | 52.4 | |
| St. Lucia | 62.8 | 67.4 | 74.5 | 77.2 | 78.1 | 77.8 | 82.9 | 85.6 | 88.5 | 90.9 | 93.3 | 95.5 | 97.7 | |
| St. Vincent and the Grenadines | 67.7 | 69.3 | 72.5 | 75.9 | 79.4 | 81.3 | 80.5 | 78.1 | 75.7 | 73.5 | 71.2 | 68.9 | 67.2 | |
| External debt 4/ | 42.5 | 43.2 | 42.2 | 45.7 | 45.8 | 43.1 | 42.7 | 40.2 | 38.4 | 36.9 | 35.4 | 33.7 | 32.1 | |
| Anguilla 3/ | 24.4 | 22.1 | 22.9 | 22.5 | 20.0 | 20.9 | 20.2 | 17.7 | 14.9 | 12.3 | 9.9 | 7.8 | 5.9 | |
| Antigua and Barbuda 3/ | 38.4 | 38.7 | 36.4 | 43.4 | 46.2 | 45.1 | 43.4 | 42.2 | 40.4 | 39.0 | 37.5 | 36.1 | 33.5 | |
| Dominica | 49.0 | 49.6 | 52.5 | 61.6 | 62.0 | 62.4 | 63.6 | 61.6 | 58.8 | 56.8 | 5 5.3 | 53.6 | 51.6 | |
| Grenada | 68.9 | 69.0 | 67.6 | 70.8 | 67.7 | 62.6 | 57.9 | 48.3 | 44.8 | 42.2 | 38.9 | 34.8 | 32.6 | |
| Montserrat | 5.6 | 4.5 | 4.2 | 4.0 | 3.6 | 5.3 | 4.6 | 4.1 | 3.6 | 3.1 | 2.7 | 2.3 | 1.9 | |
| St. Kitts and Nevis | 47.3 | 48.2 | 43.2 | 40.7 | 36.4 | 26.9 | 23.6 | 21.2 | 18.8 | 16.7 | 14.8 | 13.1 | 11.5 | |
| St. Lucia | 31.2 | 33.0 | 34.3 | 37.2 | 38.7 | 36.9 | 39.5 | 40.9 | 42.4 | 43.6 | 44.8 | 46.0 | 47.1 | |
| St. Vincent and the Grenadines | 40.8 | 43.1 | 40.5 | 42.3 | 45.3 | 43.2 | 47.3 | 44.5 | 41.6 | 38.5 | 3 5.6 | 32.8 | 30.2 | |
| Domestic debt | 42.2 | 42.5 | 44.0 | 40.0 | 38.5 | 37.9 | 37.1 | 36.4 | 35.9 | 35.4 | 34.8 | 34.3 | 34.2 | |
| Anguilla 3/ | 8.1 | 7.2 | 8.0 | 8.0 | 4.1 | 3.7 | 26.8 | 22.3 | 18.9 | 17.4 | 15.5 | 13.7 | 12.1 | |
| Antigua and Barbuda 3/ | 51.6 | 52.9 | 50.1 | 51.4 | 56.5 | 53.9 | 49.3 | 45.7 | 44.6 | 43.4 | 42.7 | 42.1 | 41.8 | |
| Dominica | 17.8 | 20.1 | 19.9 | 18.5 | 20.1 | 20.5 | 19.0 | 18.5 | 19.0 | 18.9 | 18.2 | 17.3 | 16.5 | |
| Grenada | 28.0 | |||||||||||||