Front Matter Page
IMF Country Report No. 20/164
ST. LUCIA
TECHNICAL ASSISTANCE REPORT—REBASING GDP MISSION
May 2020
This paper on St. Lucia was prepared by a staff team of the International Monetary Fund [as background documentation for the periodic consultation with the member country]. It is based on the information available at the time it was completed on [date on page 1 of final report circulated].
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Front Matter Page
ST. Lucia
Report on Rebasing of GDP Mission (January 27-February 7, 2020)
FEBRUARY 2020
MEMBERS
Anguilla, Antigua and Barbuda, Aruba, The Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, Cayman Islands, Curaçao, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Maarten, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands
PARTNERS
Canada, United Kingdom, European Union, Netherlands, Mexico, Caribbean Development Bank
DISCLAIMER
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.
MEMBERS
PARTNERS
Contents
Glossary
SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
COMPILING THE SUT AND REBASING OF GDP
A. Update of the SUT Benchmark Estimates
B. Compilation of the Revised GDP Estimates
DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS
A. Officials Met During the Mission
TABLES
1. Priority Recommendations
2. Reasons for the Change in the GDP Level
APPENDICES
I. Summary Supply and Use Tables
II. Contributors to the Increase in the GDP Level
III. GDP-P Compilation Methodology
IV. Revised Annual GDP-P Estimates
Glossary
| 2008 SNA |
System of National Accounts 2008 |
| CARTAC |
Caribbean Regional Technical Assistance Centre |
| CFC |
Consumption of fixed capital |
| CPI |
Consumer price index |
| CSO |
Central Statistics Office |
| ECCB |
Eastern Caribbean Central Bank |
| FISIM |
Financial intermediation services indirectly measured |
| GDP-P |
Gross domestic product by economic activity |
| GVA |
Gross value added |
| HFCE |
Household final consumption expenditure |
| IC |
Intermediate consumption |
| I/O ratios |
IC to output ratios |
| ISIC |
International Standand Industrial Classification of All Economic Activities |
| MOED |
Ministry of Economic Development, Housing, Urban Renewal, Transport and Civil Aviation |
| MOF |
Ministry of Finance |
| MOU |
Memorandum of understanding |
| NAS |
National Accounts Section |
| NIC |
National Insurance Corporation |
| NPISHs |
Non-profit institutions serving households |
| SUT |
Supply and use tables |
| TA |
Technical assistance |
| VAT |
Value added tax |
| XCD |
Eastern Caribbean Dollars |
| XLPBM |
Excel Add-in Proportional Benchmarking Method |
