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IMF Country Report No. 19/14

ST. LUCIA

TECHNICAL ASSISTANCE REPORT—REPORT ON SUPPLY AND USE TABLES MISSION

January 2019

This Technical Assistance report on St. Lucia was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed on October 2018.

Copies of this report are available to the public from

International Monetary Fund • Publication Services

PO Box 92780 • Washington, D.C. 20090

Telephone: (202) 623–7430 • Fax: (202) 623–7201

E-mail: publications@imf.org Web: http://www.imf.org

Price: $18.00 per printed copy

International Monetary Fund

Washington, D.C.

© 2019 International Monetary Fund

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St. Lucia

Report on Supply and Use Tables Mission

October 2018

(September 17–28, 2018)

Prepared by Zia Abbasi

Real Sector Statistics Advisor

The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of St. Lucia (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate interest, including members of the Steering Committee of CARTAC, unless the TA recipient specifically objects to such disclosure (see Operational Guidelines for the Dissemination of Technical Assistance Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest, including members of the Steering Committee of CARTAC, shall require the explicit consent of the TA recipient and the IMF’s Statistics Department.

Contents

  • Glossary

  • SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS

  • PREREQUISITES, DATA SOURCES, AND COMPILATION

  • A. Strengthening Prerequisites, Staff Capacity and Other Resources

  • B. Compilation of the SUT Industry Estimates and the Additional Data Required

  • C. Compilation of the SUT Product Balances and the Additional Data Required

  • DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS

  • A. Officials Met During the Mission

  • TABLE

  • 1. Priority Recommendations

Glossary

2008 SNA

System of National Accounts 2008

ANA Survey

Annual National Accounts Survey

BOP

Balance of payments

CARTAC

Caribbean Regional Technical Assistance Centre

CIF

Cost, including insurance and freight

CIT

Corporate income tax

COE

Compensation of employees

CSO

Central Statistics Office

ECCB

Eastern Caribbean Central Bank

FCE

Final consumption expenditure

FISIM

Financial intermediation services indirectly measured

GDP-E

Gross domestic product by expenditure

GDP-P

Gross domestic product by economic activity

GFCF

Gross fixed capital formation

GVA

Gross value added

HES

Household Expenditure Survey

HFCE

Household final consumption expenditure

IC

Intermediate consumption

I/O ratios

IC to output ratios

IRD

Inland Revenue Department

ISIC

International Standard Industrial Classification of All Economic Activities

LFS

Labor Force Survey

MOA

Ministry of Agriculture

MOF

Ministry of Finance

MOU

Memorandum of understanding

NAS

National Accounts Section

NIC

National Insurance Corporation

NPISHs

Non-profit institutions serving households

PPI

Producer price indices

SDDS

Special Data Dissemination Standard

SUT

Supply and use tables

TA

Technical assistance

TTMs

Trade and transport margins

VAT

Value added tax

XMPIs

Exports and imports price indices

WHD

Western Hemisphere Department of the IMF

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St. Lucia: Technical Assistance Report-Report on Supply and Use Tables Mission
Author:
International Monetary Fund. Statistics Dept.