1. CARICOM Regional Workshop On International Trade in Services Statistics
November 21st – 25th, 2016
Antigua and Barbuda
Prepared by:
STATISTICAL OFFICE
Ministry of Economic Planning, Sustainable Development Etc.
ST VINCENT AND THE GRENADINES
Economic Statistics Unit

2. Outline Introduction Enhancements to BOP Survey Process
Role of the Statistical Office in producing TISS
Importance of Trade in Services Statistics
Way forward
Economic Statistics Unit

3. Introduction
This presentation serves as a guide on the current status of compilation of Trade in Services Statistics (TISS) in St Vincent and the Grenadines using CEBOPS as the source for obtaining the detailed information for the EBOPS.
In 2004, the Statistical Office (SO) in collaboration with CARICOM embarked on a pilot project to compile Trade in Services Statistics. At the end of the project, TISS were compiled for 2002 according to the standard EBOPS classification in MITS 2001.
The SO continues to work closely with the Eastern Caribbean Central Bank (ECCB) with respect to compilation of TISS.
Economic Statistics Unit

4. Enhancements to survey process
Improvements - BPM6
Restructuring of survey instruments - allowed for greater acquisition of data on Trade in Services
Expansion of survey sample - resulted in an improvement in the coverage of the survey
Some of the data gaps in BPM5 were addressed in BPM6
Capturing more critical information
visitor expenditure of medical students
construction services
Economic Statistics Unit

5. Role of the Statistical Office in producing Trade in Services Statistics
Current Compilation Status
Compilation of TISS – EBOPS 2010 (BPM6)
Trade in Services Statistics
Foreign Affiliates Statistics (FATS) – not compiled
Modes of Supply – compiled according to Modes of Supply
Data Series
disaggregated BPM6 standard components for services into EBOPS subcomponents (see attached)
2014 onwards - ECCB / SO
Data Gaps
Compilation of TISS by trading partner – Data not broken down by countries. BOP forms need to be amended to capture this data.
Economic Statistics Unit

6. Importance of Trade in Services Statistics
Importance of TISS
Contribution of the services industry to the economy
Main importers and exporters of services
Main trading partners
Demands from Ministry of Trade - Trade negotiations
Economic Statistics Unit

7. Way Forward ` Way Forward Initiatives under consideration
Revision of FDI list – update as necessary
Updating of existing worksheets – ISIC 4
Compilation of FDI statistics
Compilation of FATS
Initiatives under consideration
Closer collaboration with the Ministry of Trade – Coalition of Services Industry
Stakeholders consultations – Public Relations `
Economic Statistics Unit

8. THANK YOU!
Economic Statistics Unit