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Antigua
and Barbuda: Selected Economic and Financial Indicators, 1999-2004 |
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Prel. |
Proj. |
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1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
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(Annual
percentage changes, unless otherwise specified) |
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National income and prices |
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GDP at constant factor cost |
4.9 |
3.3 |
1.5 |
2.2 |
4.9 |
4.1 |
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Nominal GDP at market prices |
5.0 |
4.1 |
4.7 |
2.3 |
4.5 |
5.7 |
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GDP deflator at factor cost |
1.0 |
0.6 |
2.6 |
-0.1 |
-0.4 |
1.5 |
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Consumer prices (period average) |
1.1 |
-0.6 |
-0.4 |
1.8 |
2.8 |
1.5 |
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External sector |
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Exports, f.o.b. |
0.1 |
39.9 |
-22.4 |
-9.1 |
13.7 |
7.2 |
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Imports, f.o.b. |
9.9 |
-2.9 |
-6.2 |
4.5 |
5.2 |
6.0 |
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Travel receipts (gross) |
3.0 |
0.2 |
-6.4 |
0.6 |
9.5 |
9.0 |
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Nominal effective exchange rate (depreciation -)
1/ |
3.7 |
5.8 |
1.5 |
-5.4 |
-7.4 |
-4.7 |
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Real effective exchange rate (depreciation -) 1/ |
1.4 |
4.9 |
3.2 |
-4.8 |
-6.7 |
-4.6 |
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(Contribution
to broad money growth) |
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Money and credit |
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Net foreign assets |
19.1 |
-9.6 |
12.6 |
0.6 |
21.9 |
-10.2 |
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Net domestic assets |
-8.7 |
15.3 |
-7.8 |
5.7 |
-0.8 |
15.9 |
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Net credit to the public sector |
-11.3 |
2.0 |
-1.8 |
0.3 |
3.0 |
-3.0 |
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Credit to the private sector |
7.8 |
8.5 |
2.9 |
7.5 |
2.2 |
1.6 |
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Broad money |
10.5 |
5.7 |
4.8 |
6.3 |
21.1 |
5.7 |
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Average deposit rate (in percent per annum) |
3.9 |
5.0 |
4.4 |
4.3 |
5.0 |
... |
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Average lending rate (in percent per annum) |
11.5 |
12.2 |
11.5 |
11.3 |
13.5 |
... |
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(In
percent of GDP) |
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Central government |
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Total revenue and grants |
21.9 |
21.7 |
19.2 |
21.5 |
21.0 |
21.0 |
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Total expenditure and net lending |
27.4 |
26.7 |
30.3 |
32.2 |
29.1 |
27.3 |
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Overall balance (after grants) |
-5.5 |
-5.0 |
-11.1 |
-10.7 |
-8.1 |
-6.3 |
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Identified financing |
10.1 |
10.5 |
10.6 |
11.1 |
9.4 |
6.3 |
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External |
3.3 |
2.0 |
5.2 |
4.4 |
3.1 |
3.0 |
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Domestic |
6.8 |
8.5 |
5.4 |
6.6 |
6.3 |
3.3 |
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Total debt |
107.6 |
115.8 |
114.7 |
129.3 |
134.1 |
126.0 |
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External sector |
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Current account balance |
-8.9 |
-9.7 |
-9.2 |
-15.2 |
-13.7 |
-13.2 |
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Trade balance |
-48.4 |
-42.7 |
-39.5 |
-41.1 |
-41.0 |
-41.0 |
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Service balance |
40.1 |
38.3 |
32.5 |
30.7 |
31.1 |
31.7 |
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Of which:
gross tourism receipts |
44.5 |
42.8 |
38.3 |
37.7 |
39.5 |
40.7 |
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Overall balance |
-1.5 |
-7.8 |
-0.9 |
-1.6 |
0.5 |
-5.3 |
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External public debt (end of year) |
63.8 |
66.2 |
66.3 |
71.7 |
75.0 |
71.9 |
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Of which:
arrears |
15.3 |
12.6 |
13.9 |
17.4 |
21.6 |
24.4 |
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Scheduled external debt service |
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(in percent of exports of goods and services) |
5.6 |
8.6 |
8.5 |
8.5 |
8.9 |
8.5 |
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Scheduled debt service/total revenue and grants |
18.7 |
27.4 |
27.5 |
23.2 |
25.7 |
24.3 |
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Gross international reserves of the ECCB |
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(in millions of U.S. dollars) |
365 |
384 |
446 |
505 |
540 |
564 |
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(in percent of ECCU broad money) |
18.1 |
17.1 |
18.9 |
20.1 |
19.6 |
19.2 |
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Sources: Antigua and Barbuda authorities, ECCB;
and Fund staff estimates and projections. |
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1/ End of period. Figures for 2004 are 12-month
changes to end-July. |
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1 Under Article IV of the IMF's
Articles of Agreement, the IMF holds bilateral discussions with members,
usually every year. A staff team visits the country, collects economic and
financial information, and discusses with officials the country's economic
developments and policies. On return to headquarters, the staff prepares
a report, which forms the basis for discussion by the Executive Board. At the
conclusion of the discussion, the Managing Director, as Chairman of the
Board, summarizes the views of Executive Directors, and this summary is
transmitted to the country's authorities. |
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