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Latest Indicators

Projected Gross Domestic Product:
3.1%, Jan - June 2019 / Jan - June 2018
Gross Domestic Product Actual:
4.1%, Dec 2018 / Dec 2017
Average Consumer Price Index (CPI):
5.7%, 2019 / 2018
Total Population:
68,076, as of Spring 2019
Unemployment Rate:
3.0%, as at Spring 2019
Merchandise Imports ($):
17.3% Jan - Sept 2019 / Jan - Sept 2018
Balance of Payments Current Account Deficit (EST) % GDP:
18.7% of GDP, Dec 2018
Home / News / Imports Grew in the First Quarter 2013

Imports Grew in the First Quarter 2013

"Merchandise imports increased by 1.3 percent to CI$192.9 million in the first quarter of 2013."

Merchandise imports increased by 1.3 percent to CI$192.9 million in the first quarter of 2013.

⫿I am pleased to note that imports of capital goods in particular rose by 22.1 percent in the first quarter,??? stated the Honourable Minister of Finance and Economic Development Mr. Marco Archer. ⫿This augurs well for this year’s overall economic forecast as it suggests increased economic activity in physical capital formation,??? he further stated.

Classifying imports by country of origin indicates that trade from Panama, Jamaica and Canada registered the highest increases of 29.5 percent, 25.7 percent and 17.8 percent respectively. Significant growth was also recorded for imports from Cuba (11.3%). Trade from the United States showed a modest increase of 3.3 percent. In contrast, imports from Switzerland was sharply reduced by 90.5 percent Capital goods excludes transport equipment and includes telecommunication equipment, motors and generators and hand tools.