St. Lucia: Technical Assistance Report-Remote National Accounts Mission
IMF Staff Country Reports, April 11, 2023
Source details
- Canonical URL
- St. Lucia: Technical Assistance Report-Remote National Accounts Mission
Other formats
Bibliographic details
- Published: April 11, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400239274.002
Mission objective and scope
- Presented a technical assistance report on a remote national accounts mission in St. Lucia.
- Objective: improve understanding of the Saint Lucia economy and meet the Ministry of Finance needs for more robust and timely national accounts statistics.
- Support progress toward meeting the IMF Special Data Dissemination Standards requirements.
Main activities and technical work
- Provided training on the different components of Gross Domestic Product by expenditure (GDP-E) for:
- current price methods; and
- price and volume measurement.
- Identified research topics for the national accounts department to support development of GDP-E:
- checking the quality of some indicators; and
- identifying whether some sources are available at a lower level of detail.
- Quality assured current methods used for compiling accommodation in the production measure of GDP.
Key findings and expected benefits
- Improved estimates will:
- improve understanding of the Saint Lucia economy; and
- support the Ministry of Finance’s needs for more robust and timely national accounts statistics.
- Development of GDP-E estimates will assist Saint Lucia in meeting IMF Special Data Dissemination Standards requirements.
Priority recommendations (summary)
- The mission recommended priority recommendations to make headway in improving Saint Lucia’s national accounts. (Specific recommendations are detailed in the technical report.)
Subject coverage and keywords
- Subjects: Civil society organizations, Consumer price indexes, Economic sectors, Imports, International organization, International trade, Monetary policy, National accounts, Prices, Producer price indexes.
- Keywords: Caribbean, Civil society organizations, Constant Prices, Consumer price indexes, consumption expenditure, Expenditure GDP, GDP, GDP-E approach, GDP-E methodology, Imports, Producer price indexes, Quarterly GDP, research issue, staff team of the International Monetary Fund, Supply and Use Tables.
Content in this bundle
- 1. Priority Recommendations