September 16,2019
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Projected Gross Domestic Product:
3.3%, 2018 / 2017
Gross Domestic Product Actual:
3.0%, Dec 2017 / Dec 2016
First Quarter Consumer Price Index (CPI):
4.5 %, March 2019 / March 2018
Total Population:
65,813, as of Fall 2018
Unemployment Rate:
2.8%, as at Fall 2018
Merchandise Imports ($):
11.2% March 2019 / March 2018
Balance of Payments Current Account Deficit (EST) % GDP:
32.1%, Dec 2017
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.