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1 2006 International Monetary Fund September 2006 IMF Country Report No. 06/326 St. Lucia: Statistical Appendix This Statistical Appendix for 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 December 6, The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of St. Lucia or the Executive Board of the IMF. The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information. To assist the IMF in evaluating the publication policy, reader comments are invited and may be sent by to publicationpolicy@imf.org. Copies of this report are available to the public from International Monetary Fund Publication Services th Street, N.W. Washington, D.C Telephone: (202) Telefax: (202) publications@imf.org Internet: Price: $15.00 a copy International Monetary Fund Washington, D.C.

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3 INTERNATIONAL MONETARY FUND ST. LUCIA Statistical Appendix Prepared by a staff team consisting of Hans Peter Lankes (PDR) and Werner Keller and Shaun Roache (all WHD) Approved by Western Hemisphere Department December 6, 2005 Contents Page Basic Data...2 Tables 1. GDP by Economic Activity at Constant Factor Cost GDP by Economic Activity at Current Factor Cost Expenditure on GDP at Current Prices Savings and Investment Selected Data on the Banana Industry Selected Industrial Production Consumer Price Index Operations of the Consolidated Public Sector Operations of the Consolidated Public Sector Operations of the Central Government Operations of the Central Government Monetary Survey Summary Operations of the Eastern Caribbean Central Bank Consolidated Accounts of the Commercial Banks Distribution of Commercial Bank Loans and Advances Summary Balance of Payments Value, Volume, and Unit Value of Major Exports Merchandise Imports by SITC Category Imports and Prices of Petroleum Products Merchandise Trade Volumes, Unit Values, and Terms of Trade Direction of Trade Selected Tourism Statistics Stayover Tourist Arrivals by Country of Origin Structure of Public Debt, 1999/ / Structure of Public Debt, 1999/ / Effective Exchange Rate Indices...29

4 - 2 - St. Lucia: Basic Data I. Social and Demographic Indicators Area (sq. km.) 616 Health (2004) Arable land (percent of land area) 4.9 Service delivery by professionals (%) 95.9 Infant mortality (per thousand) 14.7 Population (2004) Total (thousands) Access to safe water (2004) Annual rate of growth Percent of population 92.0 (percent a year) 1.0 Urban 94.7 Density (per sq. km.) 264 Rural 88.6 GDP per capita (US$), ,702 Education (2004) Population characteristics (2001) Gross enrollment... Infant mortality (per thousand live births) 13.4 Primary 25,673 Secondary 12,931 Distribution of labor force (in percent, 2004) Agriculture 13.6 Gross Domestic Product GDP (2004) Industry and mining 7.5 (in millions of E.C. dollars) 2,061 Services 69.5 (in millions of U.S. dollars) 763 II. Economic Indicators, Prel (In percent of GDP) Origin of GDP Agriculture and mining Manufacturing and construction Services (Annual percentage changes, unless otherwise indicated) National accounts and prices Real GDP Real GDP per capita GDP deflator Consumer price index (period average) Consumer price index (end of period) Unemployment rate (in percent) (Ratios to GDP) Public finances 1/ Central government Total revenue 2/ Total expenditure Of which Interest Savings Primary balance 3/ Overall balance 3/ Consolidated public sector Savings Primary balance 3/ Overall balance 3/ Total public debt (12-month percentage changes, unless otherwise indicated) Money and credit 4/ Liabilities to private sector Of which Money Quasi money Net domestic assets of the banking system Of which Credit to the public sector (net) Credit to the private sector Liabilities to private sector, in percent of GDP

5 - 3 - St. Lucia: Basic Data (In millions of U.S. dollars, unless otherwise indicated) Est Balance of payments Current account Trade balance (goods) Exports, f.o.b Imports, f.o.b Services and transfers (net) Of which Tourism receipts Interest (public sector) Capital and financial account 5/ Capital transfers Official borrowing (net) Private capital 5/ Change in net international reserves (increase -) 6/ Exports (in percent of GDP) Imports (in percent of GDP) Current account (in percent of GDP) Goods exports (in US$, annual percentage change) Goods imports (in US$, annual percentage change) Terms of trade (annual percentage change) 7/ Real effective exchange rate (12-month percentage change) 8/ International reserve position and external debt Gross official reserves Net official reserves (central bank, imputed) Net reserves of the banking system Outstanding external debt, in percent of GDP Public 9/ Private Total debt service ratio (in percent of exports of goods and services) Gross reserves/short-term debt (in percent) IMF data (as of December 31, 2003) Membership status: Intervention currency and rate Quota Fund holdings of Eastern Caribbean dollars (as percent of quota) Outstanding purchases and loans SDR department Net cumulative allocation Holdings Article VIII U.S. dollar at EC$2.70 per U.S. dollar SDR 15.3 million SDR 15.3 million 100 percent None SDR 0.74 million SDR 1.49 million Sources: St. Lucian authorities; World Development Indicators; and Fund staff estimates. 1/ Data for fiscal years beginning April. The Public Sector comprises the Central Government, the Castries City Council, the National Insurance Corporation, the St. Lucia Air and Sea Ports Authority, the Water and Sewerage Company, the National Development Corporation, and the Marketing Board. 2/ Including grants. 3/ After grants. 4/ Change as a percentage of liabilities to the private sector at the beginning of the period. 5/ Includes errors and omissions. 6/ Imputed reserves at the ECCB. 7/ Excluding tourism. 8/ November for / Total public and publicly guaranteed debt.

6 - 4 - Table 1. St. Lucia: GDP by Economic Activity at Constant Factor Cost Prel ( In millions of 1990 Eastern Caribbean dollars ) Gross domestic product 1, , , , , ,264.2 Primary sector Agriculture Bananas Other crops Livestock Fishing Forestry Mining and quarrying Secondary sector Manufacturing Construction Electricity, gas, and water Services , , ,091.2 Wholesale and retail trade Hotels and restaurants Transport and communications Banking and insurance Real estate and housing Government services Other services Less imputed banking charges (Annual percentage change) Gross domestic product Primary sector Agriculture Bananas Other crops Livestock Fishing Forestry Mining and quarrying Secondary sector Manufacturing Construction Electricity, gas, and water Services Wholesale and retail trade Hotels and restaurants Transport and communications Banking and insurance Real estate and housing Government services Other services Less imputed banking charges Sources: Statistics Department of the Ministry of Finance; and Fund staff estimates.

7 - 5 - Table 2. St. Lucia: GDP by Economic Activity at Current Factor Cost Prel ( In millions of current Eastern Caribbean dollars ) Gross domestic product 1, , , , , ,685.7 Primary sector Agriculture Bananas Other crops Livestock Fishing Forestry Mining and quarrying Secondary sector Manufacturing Construction Electricity, gas, and water Services 1, , , , , ,440.0 Wholesale and retail trade Hotels and restaurants Transport and communications Banking and insurance Real estate and housing Government services Other services Less imputed banking charges (In percent of GDP) Gross domestic product Primary sector Agriculture Bananas Other crops Livestock Fishing Forestry Mining and quarrying Secondary sector Manufacturing Construction Electricity, gas, and water Services Wholesale and retail trade Hotels and restaurants Transport and communications Banking and insurance Real estate and housing Government services Other services Less imputed banking charges Sources: Statistics Department of the Ministry of Finance; and Fund staff estimates.

8 - 6 - Table 3. St. Lucia: Expenditure on GDP at Current Prices Prel (In millions of Eastern Caribbean dollars) Consumption 1, , , , , ,920.1 Public sector 1/ Private sector 1, , , , , ,438.3 Gross domestic investment Public sector 1/ Private sector Gross domestic expenditure 1, , , , , ,354.5 Balance of goods and nonfactor services Exports of goods and nonfactor services 1, , , ,158.0 Imports of goods and nonfactor services 1, , , , , ,451.9 GDP at market prices 1, , , , , ,060.6 Net indirect taxes GDP at factor cost 1, , , , , ,685.7 Net factor income GNP at market prices 1, , , , , ,924.2 (In percent of GDP at market price) Consumption Public Sector Private Sector Gross domestic investment Public sector Private sector Gross domestic expenditure Balance of goods and nonfactor services Exports of goods and nonfactor services Imports of goods and nonfactor services GDP at market price Net indirect taxes GDP at factor cost Memorandum GDP at market price (annual percentage change) Sources: Statistics Department of the Ministry of Finance; and Fund staff estimates. 1/ The public sector includes, besides The central government, The National Insurance Corporation, The St. Lucia Air and Sea Ports Authority, the Water and Sewerage Company, the National Development Corporation, and the Marketing Board.

9 - 7 - Table 4. St. Lucia: Savings and Investment Prel (In millions of Eastern Caribbean dollars) Gross national saving Public 1/ Private External saving Total saving Gross domestic investment Public sector 1/ Of which : central government Private sector (In percent of GDP) Gross national saving Public Private External saving Total saving Gross domestic investment Public sector Of which : central government Private sector Sources: Statistics Department of the Ministry of Finance; and Fund staff estimates. 1/ This figure covers the central government only. The overall public sector includes, besides the central government, the National Insurance Corporation, the St. Lucia Air and Sea Ports Authority, the Water and Sewerage Company, the National Development Corporation, and the Marketing Board.

10 - 8 - Table 5. St. Lucia: Selected Data on the Banana Industry Banana production (000 tons) Banana exports (000 tons) Banana export receipts (in millions of EC$) Export unit price (in US$/000 tons) (In percent) Memorandum items Banana exports/gdp Banana exports/merchandise exports Banana exports/exports of goods and NFS Sources: Windward Islands Banana Development and Export Company (WIBDECO); and Fund staff estimates.

11 - 9 - Table 6. St. Lucia: Selected Industrial Production (Values in thousands of Eastern Caribbean dollars; quantity as indicated) Prel Copra Value 2,924 1,905 2,124 1,138 1,365 1,103 Tons 2,900 1,884 2,189 1,270 1,535 1,094 Unrefined coconut oil Value 3,283 2,552 3, ,434 Liters (000's) 1,379 1, Refined coconut oil Value 3,526 3,378 2,591 2,040 2,553 2,170 Liters (000's) Coconut meal Value Kgs. (000's) 717 1,226 1, Food, beverages, and tobacco Value 53,661 49,254 50,984 60,053 64,261 69,099 Paper products and cardboard boxes Value 23,265 22,366 16,548 21,206 20,040 21,351 Quantity (000's) 23,815 18,645 7,977 14,069 10,260 10,998 Electrical products Value 23,753 31,412 17,637 25,369 18,477 24,510 Quantity (000's) 23,174 27,802 19,058 20,822 13,942 14,579 Textile goods Value 3,450 2,475 1,773 4,847 7, Quantity (000's) 174, , , ,930 99, Wearing apparel Value 7,979 3,831 1,933 1,465 1,011 1,036 Doz. Pcs. (000's) Source: Statistics Department of the Ministry of Finance.

12 Table 7. St. Lucia: Consumer Price Index (April 1984 = 100) / (Period averages) All items Food Beverages and tobacco Clothing and footwear Housing Fuel and light Furniture, household equipment Health care Transport and communication Recreation and education Miscellaneous goods and services (Annual percentage change) All items Food Beverages and tobacco Clothing and footwear Housing 1/ Fuel and light Furniture, household equipment 1/ Health care Transport and communication Recreation and education 1/ Miscellaneous goods and services (End of period) All items Food Beverages and tobacco Clothing and footwear Housing Fuel and light Furniture, household equipment Health care Transport and communication Recreation and education Miscellaneous goods and services (Percentage change during year) All items Food Beverages and tobacco Clothing and footwear Housing 1/ Fuel and light Furniture, household equipment Health care 1/ Transport and communication Recreation and education 1/ Miscellaneous goods and services Source: Statistics Department of Ministry of Finance. 1/ Adjustments in weights made to the index value for housing, furniture, and education.

13 Table 8. St. Lucia: Operations of the Consolidated Public Sector 1/ 2/ (In million of Eastern Caribbean dollars) Prel. Est. 1999/ / / / / /05 Total revenue and grants Current revenue Tax revenue Nontax revenue Operational surplus of public enterprises Capital revenue Capital grants Total expenditure Current expenditure 3/ Of which Wages and salaries Interest Capital expenditure Central government Rest of general government Public enterprises Current balance Central government Rest of general government Public enterprises Overall balance before grants Overall balance after grants Of which Central government National Insurance Corporation Public enterprises Sources: St. Lucian authorities; and Fund staff estimates. 1/ Data are for fiscal years beginning April 1. 2/ The public sector comprises the central government, the Castries City Council, The National Insurance Corporation, and four non financial public enterprises. 3/ Refers to Central Government, the Castries City Council and the National Insurance Corporation only, except for interest payments which refer to public enterprises as well.

14 Table 9. St. Lucia: Operations of the Consolidated Public Sector 1/ 2/ (In percent of GDP) Prel. Est. 1999/ / / / / /05 Total revenue and grants Current revenue Tax revenue Non tax revenue Operational surplus of public enterprises Capital revenue Capital grants Total expenditure Current expenditure 3/ Of which Wages and salaries Interest Capital expenditure Central government Rest of general government Public enterprises Current balance Central government Rest of general government Public enterprises Overall balance before grants Overall balance after grants Of which Central government National Insurance Corporation Public enterprises Sources: St. Lucian authorities; and Fund staff estimates. 1/ Data are for fiscal years beginning April 1. 2/ The public sector comprises the central government, the Castries City Council, The National Insurnace Corporation, and four non financial public enterprises. 3/ Refers to Central Government, the Castries City Council and the National Insurance Corporation only, except for interest payments which refer to public enterprises as well.

15 Table 10. St. Lucia: Operations of the Central Government 1/ (In millions of Eastern Caribbean dollars) 1999/ / / / / /05 Total revenue and grants Current revenue Tax revenue Taxes on income and profits Taxes on property Taxes on goods and services Consumption taxes Imports Domestic goods Hotel occupancy tax Excises Other Taxes on international trade Of which Import duties Service charge (imports) Nontax revenue Capital revenue Capital grants Total expenditure and net lending Current expenditure Wages and salaries NIS contributions and retirement Goods and services Transfers Interest payments Domestic External Capital expenditure and net lending Current balance Overall balance before grants Overall balance after grants Primary balance Financing External Domestic Privatization receipts Sources: Ministry of Finance; and Fund staff estimates. 1/ Data are for fiscal years beginning April 1.

16 Table 11. St. Lucia: Operations of the Central Government 1/ (In percent of GDP) 1999/ / / / / /05 Total revenue and grants Current revenue Tax revenue Taxes on income and profits Taxes on property Taxes on goods and services Consumption taxes Imports Domestic goods Hotel occupancy tax Excises Other Taxes on international trade Of which Import duties Service charge (imports) Nontax revenue Capital revenue Capital grants Total expenditure and net lending Current expenditure Wages and salaries NIS contributions and retirement Goods and services Transfers Interest payments Domestic External Capital expenditure and net lending Current balance Overall balance before grants Overall balance after grants Primary balance Financing External Domestic Privatization receipts Memorandum item: Nominal GDP (in millions of E.C. dollars) 1,820 1,836 1,794 1,842 1,932 2,061 Sources: Ministry of Finance; and Fund Staff estimates. 1/ Data are for fiscal years beginning April 1.

17 Table 12. St. Lucia: Monetary Survey (In millions of Eastern Caribbean dollars) Net foreign assets Net imputed reserves (ECCB) Commercial banks' net foreign assets Net domestic assets 1, , , , , ,190.5 Net credit to the public sector Central government Nonfinancial public enterprises Credit to private sector Other 1/ Money plus quasi-money (M2) 1, , , , , ,509.2 Money Quasi-money , ,027.8 (12-month change in percent of M2 at the beginning of the period) Net foreign assets Net domestic assets Net credit to the public sector Central government Nonfinancial public enterprises Credit to private sector Other (12-months percentage change) Credit to the private sector Money plus quasi-money Money Quasi-money Source: Eastern Caribbean Central Bank (ECCB). 1/ Includes intra-banking system float.

18 Table 13. St. Lucia: Summary Operations of the Eastern Caribbean Central Bank (In millions of Eastern Caribbean dollars) Net (imputed) international reserves 1/ Net claims on commercial banks Claims Liabilities Currency held by banks Statutory reserves Fixed deposits Net claims on statutory bodies Net domestic assets Net credit to central government Short-term credit Temporary advances Treasury bills Debentures Other claims Central-government deposits Currency in circulation Total currency issued Less: Currency held by banks Source: Eastern Caribbean Central Bank (ECCB). 1/ Share of St. Lucia in the international reserves of the ECCB, calculated as the difference between liabilities to the private sector and net claims on commercial banks and government.

19 Table 14. St. Lucia: Consolidated Accounts of the Commercial Banks (In millions of Eastern Caribbean dollars) Net foreign assets Foreign assets Foreign currency holdings Claims on ECCB area banks Claims on banks abroad Other 1/ Foreign liabilities Balances due to ECCB area banks Balances due to banks abroad Nonresident deposits Other Net position with ECCB Net claims on ECCB Currency holdings Current deposits Fixed deposits and call accounts Liabilities to ECCB Net domestic assets 1, , , , , ,202.3 Net credit to government Treasury bills Other securities Loans and advances Deposits Net credit to National Insurance Scheme Net credit to public enterprises Loans, advances, and investments Deposits Net credit to other financial institutions Loans, advances, and investments Deposits Credit to private sector Interbank float Claims Liabilities Net unclassified assets Liabilities to the private sector 2/ Demand deposits Saving deposits Time deposits Foreign currency deposits Sources: Eastern Caribbean Central Bank (ECCB); and Fund staff projections. 1/ Includes financial instrument issued by and loans to nonbank residents of countries ouside ECCB territory. 2/ Private sector includes nonbank financial institutions.

20 Table 15. St. Lucia: Distribution of Commercial Bank Loans and Advances (In millions of Eastern Caribbean dollars at end of period) Total 1, , , , , ,807.7 Public sector Government and public enterprises, n.i.e Public utilities Businesses Agriculture and fisheries Manufacturing and mining Distributive trades Tourism and entertainment Transport Construction and land development Professional and other services Financial institutions Households House and land purchases Durable consumer goods Other personal loans (In percent of total) Public sector Government and public enterprises, n.i.e Public utilities Businesses Agriculture and fisheries Manufacturing and mining Distributive trades Tourism and entertainment Transport Construction and land development Professional and other services Financial institutions Households House and land purchases Durable consumer goods Other personal loans Source: Eastern Caribbean Central Bank (ECCB).

21 Table 16. St. Lucia: Summary Balance of Payments Prel (In millions of U.S. dollars) Current account Trade balance Exports, f.o.b Imports, f.o.b Services (net) Receipts Travel Other nonfactor services Factor services Payments Travel Other nonfactor services Factor services Of which: public interest payments Current transfers (net) Capital and Financial Account Capital transfers (net) Official borrowing (net) Central government loan drawings Central government loan amortization Other (net) Private capital Private long-term (net) Of which: direct investment (net) Commercial banks Other short term capital (net) 1/ Overall balance Financing (increase -) Change in SDR holdings Change in government foreign assets Change in imputed reserves (increase -) (In percent of GDP) Current account Capital and financial account Sources: St. Lucian authorities; Eastern Caribbean Central Bank (ECCB); and Fund staff estimates. 1/ Includes errors and omissions.

22 Table 17. St. Lucia: Value, Volume, and Unit Value of Major Exports (In thousands of U.S. dollars) Prel Total goods exports 60,887 52,859 54,276 69,342 71, ,145 Domestic exports 51,969 39,359 37,142 42,937 39,078 45,140 Repairs and goods procured in ports 8,918 13,500 17,133 26,405 32,752 58,004 Domestic Exports (SITC categories) 51,969 39,357 37,142 42,937 39,078 45,140 Food and Live Animals 33,712 23,041 16,747 23,585 17,807 21,215 Beverages and tobacco 8,030 8,191 10,432 8,626 10,641 11,711 Crude materials (except fuel) ,011 Minerals, fuel, lubricants and related materials Animal and vegetable oils and fats Chemicals and related products ,415 Manufactured goods classified chiefly by materials 3,033 1,311 2,130 4,011 3,593 4,237 Machinery and transport equipment 2,016 2,333 1,929 2,967 2,967 2,922 Miscellaneous manufactured articles 4,190 3,833 4,741 3,115 3,011 2,548 Other, and statistical discrepancy Re-exports 3,677 3,889 7,159 19,120 23,030 47,509 Goods and reparis procured in ports 5,241 9,611 9,974 7,285 9,722 10,495 Of which Minerals, fuel, lubricants and related materials ,611 6,133 31,519 Machinery and transport equipment 8,017 6,900 12,205 9,211 10,944 9,796 Miscellaneous manufactured articles 549 2,800 3,946 1,752 2,719 2,437 (In percent of GDP) Total goods exports Domestic exports Of which : agricultural products Re-exports and goods procured in ports (Value change in percent) Total goods exports Domestic exports Bananas Re-exports and goods procured in ports Memorandum item: Agricultural exports Bananas Value ('000 U.S. dollars) 32,211 31,841 15,244 21,707 16,136 20,125 Volume ('000 tons) Unit price (U.S. dollars per ton) Fruits and vegetables Value ('000 U.S. dollars) 2,055 1,727 1,835 2,042 1,432 1,060 Volume ('000 kilos) 3,939 3,954 3,291 2,610 2,920 2,274 Sources: Statistics Department; St. Lucia Banana Growers Association, Windward Islands Banana Development and Exporting Company (Wibdeco); and Fund staff estimates.

23 Table 18. St. Lucia: Merchandise Imports by SITC Category Prel (In millions of U.S. dollars) Total imports, c.i.f Food Beverages and tobacco Crude materials Fuels Oils and fats Chemicals Manufactured goods Machinery and transport equipment Miscellaneous manufactured articles Miscellaneous (In percent of total) Total imports, c.i.f Food Beverages and tobacco Crude materials Fuels Oils and fats Chemicals Manufactured goods Machinery and transport equipment Miscellaneous manufactured articles Miscellaneous Memorandum items: Total imports, c.i.f. Percent change Ratio to GDP (percent) Sources: Statistics Department of the Ministry of Finance; and Fund staff estimates.

24 Table 19. St. Lucia: Imports and Prices of Petroleum Products (Values and taxes in millions of Eastern Caribbean dollars, quantities in millions of imperial gallons, and prices in Eastern Caribbean dollar per imperial gallon; unless otherwise indicated) Jan-Oct Gasoline Value of imports for domestic use Domestic value Domestic volume Volume of duty-free and re-exports Unit price 1/ Retail price Consumption tax collected Diesel Value of imports for domestic use Domestic value Domestic volume Volume of duty-free and re-exports Unit price 1/ Retail price Consumption tax collected Kerosene Value 2/ Volume 2/ Unit price 1/ Retail price LPG (gas) Value of imports for domestic use Domestic Value Domestic Volume Unit price (EC$/gal) 1/ Retail price (EC$/gal) Consumption tax collected Memorandum items: Revenue collected 3/ Electricity consumption (millions of kwh) Of which Domestic Commercial Industrial Other and losses Sources: Ministry of Finance; Statistics Department; Eastern Caribbean Central Bank (ECCB); and LUCELEC. 1/ Mean Caribbean Posting (annual average). 2/ Includes duty-free and re-exports; domestic consumption is marginal. 3/ From gasoline and diesel only; full calendar year 2004.

25 Table 20. St. Lucia: Merchandise Trade Volumes, Unit Values and Terms of Trade Prel (2000 = 100) Volumes Exports Merchandise exports 1/ Tourism 2/ Merchandise imports 3/ Unit values Exports Merchandise exports 1/ Tourism 3/ Merchandise imports Terms of trade (excluding tourism) (Annual percentage change) Volumes Exports Merchandise exports 1/ Tourism 2/ Merchandise imports Unit values Exports Merchandise exports 1/ Tourism 3/ Merchandise imports Terms of trade (excluding tourism) Sources: Statistical Department, Ministry of Finance; and Fund staff estimates. 1/ Based on merchandise export items accounting for about 90 percent of total domestic exports. 2/ Number of tourist arrivals. 3/ Average expenditure per day of each tourist.

26 Table 21. St. Lucia: Direction of Trade (In percent of total) Prel Export destination United Kingdom United States Canada CARICOM countries Barbados Jamaica Trinidad and Tobago OECS Dominica Grenada St. Vincent Antigua Montserrat St. Kitts and Nevis Other Origin of imports United Kingdom United States Canada Japan France Germany CARICOM countries Barbados Jamaica Trinidad and Tobago OECS Of which : St. Vincent Other Caricom Other Sources: Statistics Department of the Ministry of Finance.

27 Table 22. St. Lucia: Selected Tourism Statistics Total visitor arrivals 726, , , , ,710 Stayover arrivals 269, , , , ,990 Hotel tourist 229, , , , ,942 Hotel business 16,191 15,008 15,208 16,617 17,219 Private residence 24,287 22,512 22,812 24,925 25,829 Excursionist 12,853 7,137 7,712 12,817 11,441 Cruiseship 443, , , , ,279 Average daily expenditure (EC$) Stayover arrivals Hotel tourist Hotel business Private residence Excursionist Cruiseship Average length of stay (days) Stayover arrivals Hotel tourist Hotel business Private residence Excursionist Cruiseship Visitor expenditure (millions of EC$) Stayover arrivals Hotel tourist Hotel business Private residence Excursionist Cruiseship Total visitor expenditure In millions of U.S. dollars In percent of GDP (In percent change) Tourist arrivals Stayover arrivals Sources: Eastern Caribbean Central Bank (ECCB); and Fund staff estimates.

28 Table 23. St. Lucia: Stayover Tourist Arrivals by Country of Origin (Number of arrivals in thousands) Total stayover arrivals United States United Kingdom Canada Caribbean France Germany Other (In percent of total) Total arrivals United States United Kingdom Canada Caribbean France Germany Other Sources: Statistics Department of the Ministry of Finance; Tourism Board; and Fund staff estimates.

29 Table 24. St. Lucia: Structure of Public Debt, 1999/ /05 (In millions of U.S. dollars, unless otherwise stated) 1999/ / / / / /05 Domestic debt (by debtor) Central government Loans Overdraft Bonds Treasury bills Government guaranteed (loans) Government nonguaranteed (loans) Domestic debt (by creditor) Central government Central bank Commercial banks Financial institutions Insurance company Public holders Social security Other 1/ External debt (by debtor and creditor) Central government Bilateral Multilateral Commercial banks Of which: loans bonds Export credit Other (bonds) Government guaranteed Bilateral Multilateral Government nonguaranteed Bilateral Multilateral Commercial banks Central-government debt Disbursements Domestic External Amortization Domestic External Total public debt Disbursements Amortization Sources: Ministry of Finance; and Fund staff estimates. 1/ Includes National Savings and Development bonds and RGSM bonds.