## Saint Kitts and Nevis: Technical Assistance Report-Report on Improving Estimates of Gross Domestic Product Mission (June 5–16, 2023)

_Technical Assistance Reports, August 2, 2024_

## Source details

**Canonical URL:** [Saint Kitts and Nevis: Technical Assistance Report-Report on Improving Estimates of Gross Domestic Product Mission (June 5–16, 2023)](https://www.imf.org/en/publications/technical-assistance-reports/issues/2024/08/02/saint-kitts-and-nevis-technical-assistance-report-report-on-improving-estimates-of-gross-552556)

## Other formats

- [Markdown version](/en/publications/technical-assistance-reports/issues/2024/08/02/saint-kitts-and-nevis-technical-assistance-report-report-on-improving-estimates-of-gross-552556/index.md)
- [Structured JSON version](/en/publications/technical-assistance-reports/issues/2024/08/02/saint-kitts-and-nevis-technical-assistance-report-report-on-improving-estimates-of-gross-552556/index.json)
- [Bundle manifest](/en/publications/technical-assistance-reports/issues/2024/08/02/saint-kitts-and-nevis-technical-assistance-report-report-on-improving-estimates-of-gross-552556/bundle-manifest.json)

## Bibliographic details
- Published: August 2, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400284144.019

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### Mission scope and objectives
- CARTAC National Accounts technical assistance mission to St Kitts and Nevis re-referenced the volume estimates of quarterly GDP for the years 2012–2022 using 2018 as the base and reference year (previous base year: 2006).
- Series were developed for:
  - Saint Kitts,
  - Nevis,
  - combined Federal aggregate.
- Additional objectives achieved during the re-referencing exercise:
  - Introduce improvements to methodology and classifications.
  - Review current price estimates of GDP by expenditure.

### Key methodological improvements and standards alignment
- Final Intermediation Services Indirectly Measured (FISIM):
  - Calculation of FISIM consumed by each economic sector (businesses) and allocation to economic activities was implemented.
- Industry classification:
  - Updated series prepared using the International Standard Industrial Classification of Economic Activity (ISIC) revision 4.
- Standards alignment:
  - Improvements align the updated GDP series with the standards set out in the 2008 System of National Accounts.

### Data coverage and products
- Temporal coverage:
  - Quarterly GDP volume estimates for the years 2012–2022.
- Base/reference year:
  - 2018 (replacing 2006).
- Deliverables:
  - Re-referenced volume series for Saint Kitts, Nevis, and the Federal aggregate.
  - Reviewed current price GDP estimates by expenditure.

### Publication metadata and identifiers
- Pages: 37
- Volume: 2024
- Issue: 063
- Series: Technical Assistance Report No. 2024/063
- DOI: https://doi.org/10.5089/9798400284144.019
- Stock No: TAREA2024063
- ISBN: 9798400284144
- ISSN: 3005-4575
- Publication date on landing page: August 2, 2024

### Subjects and keywords covered
- Subjects:
  - Economic sectors, Expenditure, Imports, International trade, Manufacturing, National accounts
- Keywords:
  - business processing documentation, Caribbean, estimates of GDP, Final Intermediation Services Indirectly Measured, GDP, GDP estimate, GDP-p series, Global, gross domestic product mission, IMF's Statistics department, Imports, Manufacturing, Re-refencing, Saint Kitts and Nevis, System of National Accounts.

*Saint Kitts and Nevis: Technical Assistance Report-Report on Improving Estimates of Gross Domestic Product Mission (June 5–16, 2023) — August 2, 2024*

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## Content in this bundle

- **In response to a request from the Statistics Department**
  - [In response to a request from the Statistics Department (Markdown version)](/-/media/files/publications/tar/2024/english/tarea2024063-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [In response to a request from the Statistics Department (PDF)](/-/media/files/publications/tar/2024/english/tarea2024063-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/technical-assistance-reports/issues/2024/08/02/saint-kitts-and-nevis-technical-assistance-report-report-on-improving-estimates-of-gross-552556_