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Tons Total cargo traffic at both airports expanded by 3.1 percent to 2.9 million kilograms in 2010. Of this, cargo handled at George F.L. Charles increased by 20.0 percent to 1.3 million kilograms, while air traffic cargo at Hewanorra International Airport fell by 7.5 percent to 1.6 million kilograms. Total air cargo loaded contracted by 12.3 percent to 1.2 million kilograms, partly resulting from the severe impact of the hurricane on export levels in the last two months of the year. However, total air cargo landed increased by 17.6 percent, including the influx of hurricane relief items donated by friendly governments and international and regional agencies. Sea Transport Total cargo handled at the Castries and Vieux*Fort seaports increased by 8.2 percent to CARGO TRAFFIC-TONNAGES 1000000 800000 600000 400000 200000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 Traffic Imports Exports 628,232 tonnes in 2010, indicative of the recovery in economic activity. The total volume of imports handled expanded by 7.1 percent to 526,754 tonnes in 2010. Similarly, the total volume of exports increased by 14.4 percent to 101,478 tonnes. Port Castries which accommodated 77.1 percent of total cargo traffic, registered growth in cargo handled of 7.8 percent to 482,488 tonnes, influenced in large part by a 53.1 percent expansion in exports handled due to large re-exports of equipment. In addition, a 21.3 percent rise in the volume of imported dry bulk which primarily consist of cement, lumber and vehicles, also contributed to the increase in cargo handled. Total cargo handled at Port Vieux-Fort increased by 9.7 percent in 2010. Notwithstanding the fall-off in banana exports, total cargo loaded rose by 3.0 percent. This was attributed to a 49.6 percent increase in exports of aggregates, primarily of quarrying material. Cargo landed at Port Vieux Fort grew by 16.9 percent to 75,228tonnes, owing to a 15.1 percent increase in importation of petroleum and petroleum products. 26
US$ per barrel Road Transport The contraction in cruise tourism partly led to slower growth in the road transport subsector. Real activity is estimated to have expanded by 1.5 percent in 2010, compared to 3.7 percent in 2009. Notwithstanding declines in most categories, the total stock of registered vehicles continued to trend upward, growing by 4.8 percent to 56,611 by the end of 2010. This was attributable to a 10.4 percent increase in the stock of private vehicles to 35,834. This increase of 3,382 vehicles was partly driven by the extended permissible age of imported used vehicles. Favourable lending terms and conditions offered by banks also contributed to this outturn. ENERGY As an oil importing country, the energy and productive sectors in Saint Lucia continued to be impacted by the developments in the international petroleum market. Stronger global economic growth generated higher demand for oil, fuelled by rising consumption in emerging economies, led by China, together with developed countries such as the United States. This development coupled with the weakness of the US dollar and continued speculation about world oil supply, exerted upward pressure on crude oil prices in the review period. In 2010, the prices of West Texas Intermediate (WTI), the US benchmark, rose by 28.8 160.00 140.00 120.00 100.00 Oil Price Movements Monthly Averages percent to an average of US$79.43 per barrel from US$61.69 in 2009. In keeping with the implementation of the 80.00 60.00 40.00 20.00 Jan Feb Mar Apr 0.00 May Jun Jul Aug Sep Oct Nov Dec 2008 2009 2010 27
Page 2 and 3: NOTE /ACKNOWLEDGEMENT The data cont
Page 4 and 5: List of Tables Page 1. Selected Glo
Page 6 and 7: Area SAINT LUCIA - DATA SHEET (Squa
Page 9 and 10: CHAPTER ONE EXTERNAL ECONOMIC DEVEL
Page 11 and 12: The adverse effects of the financia
Page 13 and 14: 61.2 percent of GDP. The external c
Page 15 and 16: Growth in the tourism sector is est
Page 17 and 18: oxes and clothing materials account
Page 19 and 20: for 42.2 percent of stay-over arriv
Page 21 and 22: ates posted by some hotels. All cat
Page 23 and 24: Additionally, the decline of 30.4 p
Page 25 and 26: During 2010, the performance of the
Page 27 and 28: which led to a 46.1 percent contrac
Page 29 and 30: Economic Infrastructure During the
Page 31 and 32: Table 5: Summary of Expenditure on
Page 33: TRANSPORT Preliminary indicators su
Page 37 and 38: Reflective of growing demand, elect
Page 39 and 40: have increased by 11.5 percent in 2
Page 41 and 42: 2000/01 2001/02 2002/03 2003/04 200
Page 43 and 44: EC$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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