ocks including declines in European Union banana preferences,
volatile tourism receipts, natural disasters, and dependence on
foreign oil. High debt servicing obligations constrain the KING
administration's ability to respond to adverse external shocks.
Economic fundamentals remain solid, even though unemployment needs
to be reduced.
GDP (purchasing power parity):
$1.794 billion (2007 est.)
GDP (official exchange rate):
$958 million (2007 est.)
GDP - real growth rate:
3.2% (2007 est.)
GDP - per capita (PPP):
$10,700 (2007 est.)
GDP - composition by sector:
agriculture: 5%
industry: 15%
services: 80% (2005 est.)
Labor force:
43,800 (2001 est.)
Labor force - by occupation:
agriculture: 21.7%
industry: 24.7%
services: 53.6% (2002 est.)
Unemployment rate:
20% (2003 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Budget:
revenues: $141.2 million
expenditures: $146.7 million (2000 est.)
Fiscal year:
1 April - 31 March
Inflation rate (consumer prices):
1.9% (2007 est.)
Central bank discount rate:
6.5% (31 December 2007)
Commercial bank prime lending rate:
10.12% (31 December 2007)
Stock of money:
$264.7 million (31 December 2007)
Stock of quasi money:
$720.9 million (31 December 2007)
Stock of domestic credit:
$1.217 billion (31 December 2007)
Agriculture - products:
bananas, coconuts, vegetables, citrus, root crops, cocoa
Industries:
clothing, assembly of electronic components, beverages, corrugated
cardboard boxes, tourism; lime processing, coconut processing
Industrial production growth rate:
-8.9% (1997 est.)
Electricity - production:
325 million kWh (2007 est.)
Electricity - consumption:
289.2 million kWh (2006 est.)
Electricity - exports:
0 kWh (2007 est.)
Electricity - imports:
0 kWh (2007 est.)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)
Oil - production:
0 bbl/day (2007 est.)
Oil - consumption:
2,780 bbl/day (2006 est.)
Oil - exports:
0 bbl/day (2005)
Oil - imports:
2,631 bbl/day (2005)
Oil - proved reserves:
0 bbl (1 January 2006 est.)
Natural gas - production:
0 cu m (2007 est.)
Natural gas - consumption:
0 cu m (2007 est.)
Natural gas - exports:
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