{
  "title": "St. Lucia: Technical Assistance Report-Remote National Accounts Mission",
  "publication": "IMF Staff Country Reports, April 11, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/04/11/st-532171",
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  "summary": "This paper presents the technical assistance report on remote national accounts mission in St. Lucia. The improved estimates will improve the understanding of the Saint Lucia economy, notably the needs of the Ministry of Finance for more robust and timely national accounts statistics.",
  "sections": [
    {
      "heading": "Mission objective and scope",
      "content": "- Presented a technical assistance report on a remote national accounts mission in St. Lucia.\n- Objective: improve understanding of the Saint Lucia economy and meet the Ministry of Finance needs for more robust and timely national accounts statistics.\n- Support progress toward meeting the IMF Special Data Dissemination Standards requirements."
    },
    {
      "heading": "Main activities and technical work",
      "content": "- Provided training on the different components of Gross Domestic Product by expenditure (GDP-E) for:\n  - current price methods; and\n  - price and volume measurement.\n- Identified research topics for the national accounts department to support development of GDP-E:\n  - checking the quality of some indicators; and\n  - identifying whether some sources are available at a lower level of detail.\n- Quality assured current methods used for compiling accommodation in the production measure of GDP."
    },
    {
      "heading": "Key findings and expected benefits",
      "content": "- Improved estimates will:\n  - improve understanding of the Saint Lucia economy; and\n  - support the Ministry of Finance’s needs for more robust and timely national accounts statistics.\n- Development of GDP-E estimates will assist Saint Lucia in meeting IMF Special Data Dissemination Standards requirements."
    },
    {
      "heading": "Priority recommendations (summary)",
      "content": "- The mission recommended priority recommendations to make headway in improving Saint Lucia’s national accounts. (Specific recommendations are detailed in the technical report.)"
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subjects: Civil society organizations, Consumer price indexes, Economic sectors, Imports, International organization, International trade, Monetary policy, National accounts, Prices, Producer price indexes.\n- 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.\n\n---\n\n Content in this bundle\n\n- 1. Priority Recommendations\n  - 1. Priority Recommendations (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1. Priority Recommendations (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
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    "Published: April 11, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400239274.002",
    "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.",
    "Provided training on the different components of Gross Domestic Product by expenditure (GDP-E) for:",
    "Identified research topics for the national accounts department to support development of GDP-E:",
    "Quality assured current methods used for compiling accommodation in the production measure of GDP.",
    "Improved estimates will:",
    "Development of GDP-E estimates will assist Saint Lucia in meeting IMF Special Data Dissemination Standards requirements.",
    "The mission recommended priority recommendations to make headway in improving Saint Lucia’s national accounts. (Specific recommendations are detailed in the technical report.)",
    "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.",
    "**1. Priority Recommendations**"
  ],
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