## 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](https://www.imf.org/en/publications/cr/issues/2023/04/11/st-532171)

## Other formats

- [Markdown version](/en/publications/cr/issues/2023/04/11/st-532171/index.md)
- [Structured JSON version](/en/publications/cr/issues/2023/04/11/st-532171/index.json)
- [Bundle manifest](/en/publications/cr/issues/2023/04/11/st-532171/bundle-manifest.json)

## Bibliographic details
- Published: April 11, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400239274.002

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### 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.

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## Content in this bundle

- **1. Priority Recommendations**
  - [1. Priority Recommendations (Markdown version)](/-/media/files/publications/cr/2023/english/1lcaea2023001.pdf.md){rel="alternate" type="text/markdown"}
  - [1. Priority Recommendations (PDF)](/-/media/files/publications/cr/2023/english/1lcaea2023001.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2023/04/11/st-532171_