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instead undertaken by Jalousie Resorts in the last quarter of the year. Similarly, post the hurricane, rehabilitation and repair works were done by Ladera Resorts. There was however, significant expenditure on construction of commercial buildings in 2010, albeit at a slower pace relative to 2009. This included the completion of work on the Bay Walk Mall, the Daher Building and Kalione Court in Rodney Bay. Works intensified on the Johnsons supercentre, the Bank of Saint Lucia Office building and other smaller scale office spaces. The Financial Centre at Choc Bay which started in 2010 was completed before the end of the year. In addition, substantial work was completed on the Mardini Building at Rodney Bay and the expansion of the Tapion Hospital. Indicators of Overall Construction Activity Table 6: Imports of Construction Materials (EC$ Millions) Materials 2004 2005 2006 2007 2008 2009r 2010 Wood and Wood Products 44.3 52.0 64.2 45.4 49.8 42.9 56.1 Sand 4.2 3.8 3.0 3.0 2.3 0.4 3.0 Cement 12.1 18.6 27.7 24.3 27.9 24.4 24.6 Prefabricated Materials 3.0 2.6 11.8 3.8 6.4 5.8 10.8 Steel 4.0 3.8 8.5 9.8 13.9 10.1 10.4 Other 75.4 97.1 134.2 74.8 93.0 70.2 98.6 TOTAL 143.0 177.8 249.4 161.1 193.4 153.7 204.4 In addition to the increase in public sector expenditure, other preliminary indicators of construction activity also suggest that the sector expanded in 2010. Imports of Construction Materials After declining in 2009, the value of construction imports increased by 32.9 percent to $204.4 million in 2010, reflecting a combination of higher import volumes and prices. Double digit growth was recorded in the last nine months of the year while imports grew more slowly in the first quarter. The increase in imports of 35.2 percent in the last quarter included imported materials to facilitate the rebuilding and rehabilitation process, following the passage of hurricane Tomas. 24
TRANSPORT Preliminary indicators suggest that value-added in the transport sector decelerated to1.8percentin 2010, following real growth of 3.6 percent in 2009. This outturn mirrored the slowdown of growth in the largest sub-sector, road transport and increased valueadded in the air transport sub-sector, albeit of marginal significance. Air Transport Growth in the air transport sub-sector which contribute negligibly (0.1 percent) to GDP, is estimated to have accelerated by 11.4 percent in 2010, reflective of the additional flights introduced to Saint Lucia. 20% 15% 10% 5% 0% -5% -10% Transportation Growth Rate and Share of GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Growth Share of GDP Over the review period, total aircraft movements at Saint Lucia‟s two airports rebounded by 14.2 percent, following a 16.9 percent contraction in the previous year. Aircraft movements at the Hewanorra International Airport increased significantly by 26.4 percent in 2010 to 12,741 flights. This reflected the annualized effects of the introduction of Jet Blue Airways and the recommencement of services by Condor Airlines, both in the last quarter of 2009. Additionally, there were increased flights by Delta Airlines and West Jet Airlines. Meanwhile, aircraft movements at the George F.L. Charles Airport grew by 9.1 percent over the previous period, recording a total of 24,246 flights. This was largely due to the introduction of Windward Island Airways and Air Antilles in the second half of the year, both servicing the regional market. In keeping with increases in airlift capacity, the combined number of passengers handled at both airports grew by 11.7percent to 791,478 in the review period. The number of embarked and disembarked passengers at Hewanorra International Airport increased notably by 20.2percent to 552,097 passengers, while George F.L. Charles registered a decline of 3.9percent 8to 239,381 passengers. 25
Page 2 and 3: NOTE /ACKNOWLEDGEMENT The data cont
Page 4 and 5: List of Tables Page 1. Selected Glo
Page 6 and 7: Area SAINT LUCIA - DATA SHEET (Squa
Page 9 and 10: CHAPTER ONE EXTERNAL ECONOMIC DEVEL
Page 11 and 12: The adverse effects of the financia
Page 13 and 14: 61.2 percent of GDP. The external c
Page 15 and 16: Growth in the tourism sector is est
Page 17 and 18: oxes and clothing materials account
Page 19 and 20: for 42.2 percent of stay-over arriv
Page 21 and 22: ates posted by some hotels. All cat
Page 23 and 24: Additionally, the decline of 30.4 p
Page 25 and 26: During 2010, the performance of the
Page 27 and 28: which led to a 46.1 percent contrac
Page 29 and 30: Economic Infrastructure During the
Page 31: Table 5: Summary of Expenditure on
Page 35 and 36: US$ per barrel Road Transport The c
Page 37 and 38: Reflective of growing demand, elect
Page 39 and 40: have increased by 11.5 percent in 2
Page 41 and 42: 2000/01 2001/02 2002/03 2003/04 200
Page 43 and 44: EC$M) Non-Tax Revenue Despite a 16.
Page 45 and 46: Current Transfers Spending on curre
Page 47 and 48: million. There was also an increase
Page 49 and 50: epresenting 25.3 percent of central
Page 51 and 52: Credit by Economic Activity A revie
Page 53 and 54: Insurance 4 The global financial cr
Page 55 and 56: Financial Performance The industry
Page 57 and 58: CHAPTER SIX EXTERNAL SECTOR TRADE A
Page 59 and 60: upward movement of 16.9 percent was
Page 61 and 62: estimated pick-up in remittances fr
Page 63 and 64: An analysis of the population data
Page 65 and 66: Recurrent expenditure per primary s
Page 67 and 68: Efficiency The number of dropouts h
Page 69 and 70: Quality The number of teachers incr
Page 71 and 72: Skills Training The National Enrich
Page 73 and 74: Notwithstanding the dampening effec
Page 75 and 76: CENTRAL GOVERNMENT FISCAL OPERATION
Page 77 and 78: Economic Activity 2000 2001 2002 20
Page 79 and 80: TABLE 4 (Rebased) Gross Domestic Pr
Page 81 and 82: 2001r 2002r 2003r 2004r 2005r 2006r
Page 83 and 84:
TABLE 8 MONTHLY ARRIVALS BY CATEGOR
Page 85 and 86:
Period 2000 2001 2002 2003 2004 200
Page 87 and 88:
Country 1997 1998 1999 2000 2001 20
Page 89 and 90:
TABLE 18 EGG PRODUCTION 2004 2005 2
Page 91 and 92:
TABLE 24 MANUFACTURING PRODUCTION C
Page 93 and 94:
TABLE 26 AIRPORT TRAFFIC STATISTICS
Page 95 and 96:
2004 2005 2006 2007 2008r 2009r 201
Page 97 and 98:
2001 2002 2003 2004 2005 2006 2007
Page 99 and 100:
TABLE 33 CONSUMER PRICE INDEX Annua
Page 101 and 102:
2002/03 2003/04 2004/05 2005/06r 20
Page 103 and 104:
2002/03 2003/04 2004/05 2005/06 200
Page 105 and 106:
TABLE 40 TOTAL PUBLIC SECTOR OUTSTA
Page 107 and 108:
TABLE 42 DISTRIBUTION OF GOVERNMENT
Page 109 and 110:
LISTING OF OFFICIAL DEBT as at Dece
Page 111 and 112:
LISTING OF OFFICIAL DEBT as at Dece
Page 113 and 114:
TABLE 45 Composition of Debt by Eco
Page 115 and 116:
DEPOSITS 2003 2004 2005r 2006 2007
Page 117 and 118:
2004 2005 2006 2007 2008 2009 2010
Page 119 and 120:
2003 2004 2005 2006 2007 2008r 2009
Page 121 and 122:
TABLE 55 IMPORTS BY STANDARD INTERN
Page 123 and 124:
TABLE 59 DOMESTIC EXPORTS BY STANDA
Page 125 and 126:
TABLE 62 BALANCE OF PAYMENTS (EC$Mi
Page 127 and 128:
TABLE 64 ESTIMATED MID-YEAR POPULAT
Page 129 and 130:
TABLE 66 PRIMARY SCHOOLS ANALYSIS O
Page 131 and 132:
TABLE 68 CAMBRIDGE ADVANCED LEVEL E
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