Barbados Economic and Social Report 2009 by Barbados Labour Party

BARBADOS ECONOMIC AND SOCIAL REPORT

2009

Barbados Economic and Social Report 2009

TABLE OF CONTENTS Executive Summary .......................................................................................................................1 I

International Economic Developments ..............................................................................4

Regional Economic Developments .....................................................................................9

III

The Barbados Economy A. B. C. D. E. F. G.

Sectoral Performance A. B. C. D. E. F. G.. H.

The Real Sector ...................................................................................................... 14 Balance of Payments ............................................................................................. 18 Public Finance ........................................................................................................ 20 Money, Banking and Capital Markets .................................................................... 26 Employment, Inflation and Labour Market ............................................................ 33 Public Sector Investment Programme (PSIP) .......................................................... 43 Official Development Assistance ........................................................................... 43

Agriculture and Fisheries ....................................................................................... Manufacturing ....................................................................................................... Tourism .................................................................................................................. Construction ........................................................................................................ International Financial and Business Services ...................................................... Energy and Utilities ................................................................................................ Commerce and Consumer Affairs ........................................................................... Small Business Development .................................................................................

46 54 58 69 71 75 76 80

Social Sector Developments A. B. C. D. E. F.

Education and Training .......................................................................................... 84 Population .............................................................................................................. 90 Health ..................................................................................................................... 92 Social Services ....................................................................................................... 99 Environment .......................................................................................................... 119 Law and Order ....................................................................................................... 127

Economic and Social Outlook for 2009 ....................................................................................... 135

Barbados Economic and Social Report 2009

LIST OF FIGURES Figure 1

Global GDP Growth: Actuals and Projections ........................................................... 5

Figure 2

Direction of Trade -- Domestic Exports for 2009 ....................................................... 20

Figure 3

Direction of Trade -- Total Imports for 2009 ............................................................. 20

Figure 4

Visible Trade Balance (1996--2009) ........................................................................... 20

Figure 5

Public Finance 2004/05 -- 2009/10 ............................................................................. 22

Figure 6

Commercial Bank Sectoral Credit (2003--2009) .......................................................... 28

Figure 7

Securities Exchange of Barbados (2002--2009) ........................................................ 32

Figure 8

Inflation Rate (1997--2009) ........................................................................................ 36

Figure 9

Macro Productivity Growth (% Change) (1998--2009) ............................................. 40

Figure 10

Sugar Exports (1998--2009) ....................................................................................... 47

Figure 11

Index of Industrial Production (1996--2009) ............................................................. 55

Figure 12

Credit to Manufacturing Sector (1997--2009) ........................................................... 56

Figure 13

Tourist Arrivals by Country of Residence (2008--2009) .......................................... 61

Figure 14

Stay Over Visitors by Market Share January-December, 2009 ....................... 62

Figure 15

Tourist Arrivals by Type (1999--2009) ................................................................. 63

Figure 16

Cruise Passengers Arrivals January-December (2008 -- 2009) ......................... 64

Figure 17

Cruise Ship Calls January-December 2009 ........................................................ 65

Figure 18

Population Distribution 2000 .............................................................................. 92

Figure 19

Population Distribution 1990 .............................................................................. 92

Figure 20

Breakdown of the Leading In-Patient Services for 2008/2009 ....................... 97

Figure 21

Annual Crime Reports 2004 -- 2009 .................................................................... 127

Figure 22

National Reported Crimes (2009) ........................................................................ 128

Key P: Provisional ii

E: Estimated

R: Revised

Barbados Economic and Social Report 2009

LIST OF TABLES Table 1.1-1

Indicators of Economic Performance in Advanced Economies 2008 -- 2009 ................................................................................................................ 4

Table 2.1-1

Indicators of Economic Performance in Selected Regional Countries 2003 -- 2009 .............................................................................................................. 13

Table 3.1-1

Estimates of Real Gross Domestic Product and Real Growth Rates 2005 -- 2009 .............................................................................................................. 16

Table 3.1-2

Composition of Expenditure on Gross Domestic Product 1999 -- 2008 .............. 17

Table 3.2-1

Balance of Payments 2004 -- 2009 .......................................................................... 19

Table 3.3-1

Central Government Operations 2005/2006 -- 2009/2010 ...................................... 23

Table 3.3-2

Current Revenue by Source 2005/2006 -- 2009/2010 ............................................ 24

Table 3.3-3

Central Government Current Expenditure by Item 2005/2006 -- 2009/2010 ........ 24

Table 3.3-4

Fiscal Deficit and Financing 2005/2006 -- 2009/2010 ............................................ 25

Table 3.4-1

Selected Indicators of the Banking System as at December, 2004 -- 2009 .......... 26

Table 3.4-2

Changes to Monetary Policy 2009 ........................................................................ 27

Table 3.4-3

Commercial Bank Deposits 2004 -- 2009 ............................................................... 28

Table 3.4-4

Securities Exchange Trading (Selected Markets) 2004 -- 2009 ........................... 30

Table 3.4-5

Volume of Shares Traded (top five companies) 2008 -- 2009 ............................... 31

Table 3.4-6

Index & Market Capitalisation 2008 -- 2009 .......................................................... 31

Table 3.5-1

Employment by Major Industrial Division 1995 -- 2009 ....................................... 34

Table 3.5-2

Local Placement by Occupational Group 2004 -- 2009 ......................................... 36

Table 3.5-3

Overseas Placement Programmes 2004 -- 2009 ..................................................... 37

Table 3.5-4

Grievances by Category 2005 -- 2009 .................................................................... 37

Table 3.5-5

Work Stoppages by Economic Activity 2005 -- 2009 ............................................ 38

Table 3.5-6

Factory Inspectorate .............................................................................................. 38

Table 3.5-7

Activities of the Occupational Safety and Health Section ................................. 39

Key P: Provisional

E: Estimated

R: Revised iii

Barbados Economic and Social Report 2009

LIST OF TABLES -- Cont’d Table 3.5-8

Absenteeism Rate 2006 -- 2008 ............................................................................. 40

Table 3.5-9

Labour Productivity Growth in Selected Industries in 2003 -- 2008 (% Change) ............................................................................................................. 42

Table 4.1-1

Vegetable Production (’000 kgs) 2003 -- 2009 ....................................................... 47

Table 4.1-2

Vegetable Imports (’000 kgs) 2003 -- 2009 ............................................................. 48

Table 4.1-3

Root Crop Production (’000 kgs) 2003 -- 2009 ...................................................... 49

Table 4.1-4

Root Crop Imports (’000 kgs) 2003 -- 2009 ............................................................ 50

Table 4.1-5

Livestock and Dairy Production (’000 kgs) 2003 -- 2009 ...................................... 50

Table 4.1-6

Livestock and Dairy Products Imports (’000 kgs) 2003 -- 2009 .......................... 51

Table 4.1-7

Production of Cotton Lint (’000 kgs) 2003 -- 2009 ............................................... 52

Table 4.1-8

Commercial Bank Credit to the Agricultural Sector 1998 -- 2009 ......................... 52

Table 4.1-9

Fish Landings by Type (Tonnes) 2004 -- 2009 ..................................................... 53

Table 4.1-10 Fishing Fleet by Type 2004 -- 2009 ........................................................................ 54 Table 4.2-1

Direction of Trade with CARICOM Countries Domestic Exports 2004 -- 2009 ................................................................................ 57

Table 4.2-2

Investment in BIDC Assisted Companies 2005 -- 2009 ........................................ 58

Table 4.2-3

New Enterprises Established 2005 -- 2009 ............................................................ 59

Table 4.2-4

Employment in the Manufacturing Sector and Related Services 2005 -- 2009 .............................................................................................. 60

Table 4.3-1

Tourist Arrivals by Country of Residence 1998 -- 2008 ....................................... 62

Table 4.3-2

Cruise Calls January -- December 2008/2009 ........................................................ 65

Table 4.3-3

Total Tourism Expenditure ..................................................................................... 66

Table 4.3-4

Stay-Over Tourism Expenditure ............................................................................. 66

Table 4.3-5

Stay-Over Visitor Expenditure by Market 2008 -- 2009 ........................................ 67

Table 4.3-6

Cruise Passenger Expenditure January -- December 2008 -- 2009 ........................ 68

Key P: Provisional iv

E: Estimated

R: Revised

Barbados Economic and Social Report 2009

LIST OF TABLES -- Cont’d Table 4.3-7

Number of Units, Hotels, Apartments and Guest Houses ................................... 68

Table 4.3-8

Employment in the Tourism Sector January -- September 2008 -- 2009 ............... 69

Table 4.4-1

Selected Indicators of the Construction Sector 2002 -- 2009 .............................. 70

Table 4.5-1

Number of New International Business Entities Licensed for the years 2004 -- 20091 ...................................................................................... 73

Table 4.5-2

Total Number of International Business Entities Licensed for the years 2004 -- 20091 ...................................................................................... 74

Table 4.6-1

Oil, Gas and Utility Production and Consumption 2006 -- 2009 ......................... 77

Table 4.7-1

Import and Export Licences Processed in 2009 ................................................... 78

Table 4.7-2

Number of Visits undertaken to Perform Tasks 2009 ........................................... 79

Table 4.7-3

Standards Enforcement 2009 ................................................................................. 79

Table 4.8-1

Financing Supplied by Fund Access 1998 -- 2009 ............................................... 81

Table 4.8-2

Financing by Enterprise Growth Fund Limited for 2009 ...................................... 82

Table 5.1-1

Primary and Secondary Enrolments 2001/02 -- 2008/09 ........................................ 85

Table 5.1-2

Tertiary Enrolments 2003/04 -- 2009/2010 .............................................................. 87

Table 5.1-3

Barbadian Students Enrolled at UWI by Faculty 2008/09 -- 2009/10 ................. 88

Table 5.1-4

Barbados Vocational Training Board Enrolment and Output of Skilled Manpower 2009/10 ............................................................................... 89

Table 5.1-5

Student Revolving Loan Scheme .......................................................................... 90

Table 5.2-1

Births, Deaths and Infant Mortality 1992 -- 2009 ................................................. 91

Table 5.3-1

Health Expenditure by Programme Head 2003/04 -- 2009/10 ............................... 93

Table 5.3-2

Drug Service Expenditure 2006/2007 -- 2009/10 .................................................... 96

Table 5.3-3

Expenditure on the Number of Prescriptions Filled in the Public Sector 2006/2007 -- 2009/2010 ..................................................................... 96

Table 5.3-4

QEH Utilization of In-patient and Out-patient Services 2007/2008 -- 2008/2009 ............................................................................. 97

Key P: Provisional

E: Estimated

R: Revised v

Barbados Economic and Social Report 2009

LIST OF TABLES -- Concl’d Table 5.4-1

Accessibility Programme 2005 -- 2009 ................................................................. 100

Table 5.4-2

Graduates of the Sign Language Classes 2006 -- 2009 ...................................... 100

Table 5.4-3

Participants of the Integrated Summer Camp 2003 -- 2009 ................................. 101

Table 5.4-4

Started and Completed Projects 2009 .................................................................. 104

Table 5.4-5

Land Owner Compensation Paid ......................................................................... 104

Table 5.4-6

Expenditure on the House Repair/Replacement Programme ................................. 105

Table 5.4-7

Applications/Referrals to the Family Services ................................................... 106

Table 5.4-8

Maintenance Remittances Disbursed ................................................................. 106

Table 5.4-9

Monetary Assistance Applications .................................................................... 107

Table 5.4-10 Recipients of Monetary Grants .......................................................................... 107 Table 5.4-11 New Applications for Assistance-in-Kind .......................................................... 108 Table 5.4-12 Recipients of Assistance-in-Kind ...................................................................... 108 Table 5.4-13 Persons Registered and Awaiting Training at December 2009 .......................... 109 Table 5.4-14 Monetary Assistance to People Living with HIV by Gender ............................ 109 Table 5.4-15 Government Day Care Centres 2009 .................................................................... 110 Table 5.4-16 Constituency Council Activities 2009 ................................................................. 113 Table 5.4-17 RDC: Expenditure on House Replacement/Repair Programme 2009 ................. 114 Table 5.4-18 New Applications for RDC Services 2009 ........................................................... 115

Table 5.4-19

Rural Enterprise Loan Programme: Approved Loans and Disbursements 2009 ...................................................................................... 115

Table 5.6-1

Cannabis and Cocaine Drug Offences 2007 -- 2009 ........................................... 128

Table 5.6-2

Cases Involving Firearms 2005 -- 2009 ................................................................ 129

Table 5.6-3

Serious Crimes 2002 -- 2009 ................................................................................. 129

Table 5.6-4

Crime Against Visitors 2005 -- 2009 ..................................................................... 130

Table 5.6-5

Road Accidents 2006 -- 2009 ............................................................................... 131

Table 5.6-6

Regional and International Initiatives to Counteract Criminal Enterprises 2009 ..................................................................................... 132

Table 5.6-7

Crimes against Persons and Property 2007 -- 2009 ..................................... 133, 134

Executive Summary

Barbados Economic and Social Report 2009

EXECUTIVE SUMMARY The Barbados economy weakened further in 2009 as recovery of the global economy remained sluggish and uneven. Highly dependent on tourism, the continued decline of this sector, due to slow economic recovery in major tourism markets, contributed greatly to the provisional 4.8 per cent decline in real GDP as compared with a marginal decline of 0.2 per cent in 2008. These results over the past two (2) years are estimated to have cost Barbados almost 10.0 percentage points in economic growth. Real economic activity was down in both the traded and non-traded sector, which fell by an estimated 6.3 per cent and 4.3 per cent respectively. Within the traded sector, tourism value added fell by an estimated 6.6 per cent, while manufacturing output declined by 12.8 per cent. Only sugar and non-sugar agriculture recorded positive growth of 1.2 per cent and 3.6 percent in that order. On the nontraded side, there were significant contractions in mining and quarrying (37.6 per cent) and construction (22.6 per cent). Activity in the wholesale and retail sector also fell by 5.3 per cent. Given the current economic challenges, activity within the International Business and Financial Services sector slowed during 2009. The number of new entities licensed was 407 as compared with 480 at the end of 2008, representing a 15.2 per cent decline in overall new company formation. There were 379 new International Business Companies (IBCs) licensed during the year compared with 481 for 2008, representing a 21.2 per cent decline. With regard to Societies with Restricted Liability (SRLs), the new licences at the end of December 2009 numbered nineteen (19) representing a decline of 77.1 per cent from the 2008 total of eighty-three (83). The annual rate of unemployment for 2009 was 10.0 per cent, 1.9 percentage points higher

than the 8.1 per cent recorded in 2008. At the end of December 2009, the average rate of inflation was estimated at 3.7 per cent compared with 8.0 per cent at the end of 2008. At the end of the year, the balance on the external current account was in deficit to the extent of $382.5 million or approximately 4.6 per cent of GDP (at market prices). This represented a substantial decline when compared with the deficit of $843.0 million recorded at the end of 2008. This was as a result of a significant decrease in the value of imported goods. The capital and financial account recorded a surplus of $616.6 million in 2009, an 86.7 per cent increase compared with the surplus of $330.2 million for 2008. As a result, the NIR rose by 20.1 per cent to $2,100.9 million compared with $1,749.3 million at the end of 2008. At the end of 2009, the import reserve cover for goods stood at 30.7 weeks, an increase of 7.2 weeks when compared with the corresponding period in 2008. In 2009, the value of domestic exports fell by 13.7 per cent, to reach $458.6 million compared with the $531.2 million recorded in 2008. Similarly, the value of total imports (cif) in 2009 decreased by 24.5 per cent to $2,898.9 million compared with $3,840.4 million in 2008. The fiscal year 2009/2010 proved to be a challenging one for the Central Government. As a result of the deteriorating economic climate, the fiscal deficit for the period 2009/ 2010 was estimated at $637.4 million or 8.2 per cent of GDP1 . This is compared with a deficit for the corresponding period of $396.9 million

The figure for GDP reflects the revised GDP series done by CARTAC and the Barbados Statistical Service. 1

Â&#x201E;Â&#x201E;Â&#x201E; 1

Barbados Economic and Social Report 2009

or 5.4 per cent of GDP. The weakening of the fiscal position was a result of lower revenue intake, which could not be off-set by the small drop in spending. At the end of the review period, current revenue decreased by 8.5 per cent while current expenditure fell marginally by 2.1 per cent. At December 2009, the stock of national debt stood at an estimated $6,837.4 million or 88.2 per cent of GDP. This represented an increase of $852.2 million or 14.2 per cent over the 2008 figure. Domestic debt stood at $4,711.3 million or 60.8 per cent of GDP, an increase of $591.8 million over the 2008 total. The level of foreign debt was $2,126.0 million or 27.4 per cent of GDP, an increase of $260.3 million. The banking system during 2009 was somewhat challenged with domestic deposits of commercial banks declining marginally while credit accumulation was severely constrained by the general downturn in productive activity. Notwithstanding this subdued performance in credit and deposits, liquidity in the banking system continued to edge upwards and commercial banks’ holdings of treasury security expanded. The excess liquidity ratio rose from 8.9 per cent at the end of December 2008 to 10.7 per cent at the end of December 2009. Given the deepening of the global financial and economic crisis, trading activity at the Barbados Stock Exchange fell significantly. Overall market volume fell by 87.0 per cent while market value declined by 91.0 per cent. All of the market indices, local and cross listed, fell during the year. At the end on December 2009, active credit unions remained unchanged at thirty-five (35), when compared with the same period in 2008. The total number of membership declined significantly from 148,471 persons at the end of 2008 to 129,522 persons at the end of 2009. This was due to credit unions amending their by-laws to comply with the new requirements of the Co-operatives Societies Act.

Executive Summary

Using national accounts statistics, nongovernment productivity grew by 1.8 percent in 2008 down from 2.1 percent in 2007. Of the five(5) sectors which participated in the National Survey of Productivity exercise in 2009, four (4) registered positive rates of growth – distribution (7.6 percent), accommodation (7.2 percent), construction (6.4 percent), and manufacturing (3.7 percent). The financial services sector recorded a contraction of 9.4 percent. Per capita GDP at factor cost decreased marginally by an estimated 1.7 per cent to record BDS$23.8 thousand (US$11.9 thousand) compared with BDS $24.2 thousand (US$12.1 thousand) in 2008. The rate of population growth decreased to 0.1 per cent in 2009 from 0.2 per cent in 2008. The rate of natural increase rose from 3.9 per thousand in 2008 to 4.1 per thousand in 2009. The natural increase in population, (the difference between births and deaths), was 1,131 persons, compared with 1,071 persons for 2008. The Ministry of Education and Human Resource Development (MEHRD) continued to place emphasis on the development of education through curriculum reform initiatives. Criterion Reference Test and Reading Level Test were carried out in primary schools and the Nursery Education Expansion Programme continued with plans to build another nursery school. In addition, seventy-one (71) students were placed in special education programmes. During 2008/2009, 27,953 students were enrolled at primary schools, 3.2 per cent above the 27,097 enrolled the previous year. At the secondary level, 20,816 were enrolled. The total number of Barbadian students enrolled at the University of the West Indies (UWI) was 7,781. Those enrolled at the Barbados Community College totalled 4,576 while Erdiston enlisted 289 students.

Barbados Economic and Social Report 2009

Throughout 2009, the Ministry of Health re-organised and refocused its strategic areas for action during the year. One of the initiatives undertaken was the re-evaluation of the relationship with the health related NGOs and substance abuse programmes, which currently receive funding from the Ministry’s budget. Further, the Ministry of Health continued to receive technical and financial assistance from the Pan-American Health Organisation (PAHO), as well as, the 9th European Development Fund (EDF), to facilitate the

Executive Summary

continued implementation of the Barbados Strategic Plan for Health 2002-2012. Barbados continued to do well in the containment of crime during 2009. At the end of the review period, there was an overall decline of 2.0 per cent in reported crime following a marginal increase of 1.0 per cent in 2008. Reported cases of major crimes as well as property crimes showed a decline. These overall declines in crime were reflective of the success of the policies and programmes of the Royal Barbados Police Force.

Barbados Economic and Social Report 2009

I. International Economic Developments

I. INTERNATIONAL ECONOMIC DEVELOPMENTS OVERVIEW

In advanced economies there was a modest return to growth as governments intervened to stabilise their domestic economies. In Asia, strong economic performances helped to boost global output while emerging and developing economies, at the end of 2009, appeared to be on a road of recovery albeit at a slower pace. Financial markets showed signs of rebounding as evidenced by rising capital and the easing of market risk. Strong public policies and measures deployed by the IMF, helped in this rebound. As major drivers to this slow recovery, investment and consumption grew gradually, held back by excess capacity and high levels of unemployment.

Following an estimated 0.8 per cent decline in world output, the prospects for global recovery appeared strong at the end of 2009. According to the IMF World Economic Outlook (January 2010), global production and trade grew during the second half of 2009 following earlier declines. This growth was supported by a rebound in confidence in both the financial and real sectors. Also driving the global rebound at the end of the review period was the extraordinary fiscal stimulus and the highly expansionary monetary policies of governments and central banks around the world.

TABLE 1.1-1 Indicators of Economic Performance in Advanced Economies 2008 -- 2009

Real GDP (% Change) Country United States Japan

2008R 0.4

2009E -2.7

Unemployment Rate (Annual Avg.) (% Change)

2008R

2009E

2008R

5.8

9.3

3.8

-0.4

2009E

-0.7

-5.4

4.0

5.4

1.4

-1.1

Germany

1.2

-5.3

7.4

8.0

2.8

0.1

France

0.3

-2.4

7.9

9.5

3.2

0.3

Italy

1.0

5.1

6.8

9.1

3.5

0.7

U.K

0.7

-4.4

5.5

7.6

3.6

1.9

Canada

0.4

-2.5

6.2

8.3

2.4

0.1

SOURCE: IMF World Economic Outlook October 2009

Consumer Price Index (% Change)

I. International Economic Developments

Barbados Economic and Social Report 2009

Figure 1 Global GDP Growth: Actuals and Projections 10.0 8.0 Percent

6.0 4.0 2.0 0.0 -2.0 -4.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Years World Advanced Economies Emerging and Developing Economies

SOURCE: IMF World Economic Outlook 2010 and 2011 are projections

COUNTRY AND REGIONAL PERSPECTIVES Notwithstanding the positive signs that the global economy at the end of 2009 was slowly recovering, world output contracted by an estimated 0.8 per cent, compared with growth of 3.0 per cent at the end of 2008. This decline was aided by negative performances in all advanced economies (-3.4 per cent), which included the United States and the Euro area. Within the Western Hemisphere Region real GDP was projected to have declined by 2.5 per cent at the end of 2009. In the U.S., economic activity contracted by an estimated 2.7 per cent compared with weak growth of 0.4 per cent a year earlier. Much of the decline occurred during the first half of 2009 and resulted in a significant rise in the unemployment rate. By the end of 2009, the U.S. economy showed signs of growth as unprecedented monetary, financial, and fiscal policy interventions helped to stabilise consumer spending, housing, and financial markets. Given its close linkage with the U.S. economy and financial system, economic

activity in the Canadian market contracted significantly in the first half of 2009. IMF projections were that output would fall by 2.5 per cent, the worst since 1982. Nonetheless, there were signs at the end of 2009 that economic activity was rebounding, evident by increased spending in the retail and housing markets. In addition, financial conditions continued to normalise. The downturn in the U.S. and Canadian markets directly and significantly affected the economies within Latin America and the Caribbean (LAC). Preliminary IMF estimates showed real GDP growth in the South American (this includes Mexico) and Central American regions to have declined by 2.7 per cent and 0.7 per cent respectively. Likewise, economic activity in the Caribbean was projected to have declined by 0.5 per cent. These economies experienced significant revenue losses owing to declines in exports of goods and services (mainly tourism) and remittances from abroad. There were declines in domestic consumption, resulting from increased unemployment levels, and investments due to tighter external financing.

Barbados Economic and Social Report 2009

By the end of 2009, there were indications that a slow recovery was occurring, which started during the second quarter and gathered momentum in the second half of the year. Much of this was led by Brazil, which saw a pick-up in industrial production. In addition, a rebound in commodity prices and in consumer and business confidence helped in the recovery. Some countries were able to engage in extended fiscal stimulus packages while others, like those in the Caribbean region, were limited due to high debt and sharp declines in tax revenues. Also, some faced limited access to external financing. Economic data from the Euro Zone Region suggest that the pace of decline was also moderating. The projections were that real output would decline by 4.2 per cent at the end of 2009 due to negative performances in all sixteen (16) countries. Major economies such as Germany and France were projected to decline by 5.3 per cent and 2.4 per cent respectively by the end of 2009. Activity in the U.K. also fell by an estimated 4.4 per cent. The decline in output across the region was due to falling domestic demand (especially investment) and a decrease in trade. There were also sharp falls in real estate activity, particularly in Ireland, Spain and the U.K. Countries with fiscal space introduced stimulus programmes to help boost domestic output. However, the risk of fiscal deterioration was seen as a real threat going forward. Notwithstanding the weak performances, prospects for recovery were evident by the second quarter of 2009 with GDP contractions being less than expected. This was due to rising exports and government policy stimulus. In the Asian Region, growth was projected at 5.0 per cent, somewhat weaker than the 6.7 per cent seen a year earlier. The bulk of the growth was seen in China (8.5 per cent) and India (5.4 per cent). These two

I. International Economic Developments

countries were able to escape a severe recession due to large policy stimulus and in the case of India, less dependence on exports. Unfortunately, the newly industrialised Asian economies2 were not that fortunate, as real GDP fell to 2.4 per cent after growing by 1.5 per cent in 2008. These countries would have seen peak declines in their industrial output due to fallen global demand. Similar to other regions, the impact of the global economic downturn weakened during the second quarter of 2009. This was marked by some strengthening of domestic demand and exports (these were still below 2008 peaks) and a rebound in financial markets and capital inflows during the second half of 2009. In Japan, a major advanced economy, GDP was projected to have shrunk overall by 5.4 per cent. This was due to slumping demand for durable goods and a decline in investment. However, like other countries in the region, the Japanese market saw a gradual turnaround with positive growth of 2.3 per cent seen in the second quarter of 2009. Much of this turnaround was driven by fiscal packages, which for Japan and also China, reached close to 5.0 per cent for 2009/10. Most of the fiscal spending was aimed at bolstering consumption. Economic activity in the Middle East Region was also weak as growth was projected to have fallen from 5.4 per cent in 2008 to only 2.0 per cent at the end of 2009. Countries in this region were hard hit by the global recession which saw a collapse in oil prices and exports. In addition, the region saw sharp contractions in workers’ remittances and foreign direct investment. With the fall in oil exports the current account surplus of the region narrowed in 2009, particularly in countries like Kuwait, Qatar and Saudi Arabia. The fiscal position of countries in the region also deteriorated as revenues from oil exports These include Korea, Singapore, Hong Kong SAR and Taiwan Province of China. 2

Barbados Economic and Social Report 2009

fell. In addition, increased fiscal stimulus, to support domestic demand, has helped to exacerbate the situation. In the African Region, growth slowed significantly to a projected 1.7 per cent, down from 5.2 per cent a year earlier. This outcome was as a result of the collapse in global trade and disruptions in global financial markets. Countries that were more highly integrated within the global financial system, such as South Africa, felt a stronger impact of the global downturn. In addition, the economies of Botswana and Seychelles were hard hit due to the collapse in demand for diamonds, and in the case of Seychelles a sharp contraction in tourism receipts. As done in other regions, many governments were able to use fiscal balances to sustain domestic demand and help contain unemployment. Much of the fiscal space was achieved through relatively prudent fiscal policies and debt relief in recent years.

INFLATION During 2009, inflation rates on account of the global crisis, remained low and in some cases, as in the U.S. and Japan, became negative. However, rates were higher in emerging countries, particularly Mexico (5.3 per cent) and Brazil (4.9 per cent). With signs of growth emerging at the end of 2009, there were some increases in commodity prices with oil rising from $35 a barrel in late 2008 to just over $70.

UNEMPLOYMENT According to the International Labour Organisation (ILO) estimates, the global unemployment rate for 2009 stood at 6.6 per cent compared with 6.0 per cent in 2008. This represented a sharp increase considering the fact that the global unemployment fell four consecutive years between 2004 and 2007. The number of unemployed persons was

I. International Economic Developments

estimated at 212.0 million an increase of almost 34.0 million over the number for 2008. Between 2008 and 2009, the largest increase in the unemployment rate occurred in the Developed Economies and the European Union by 2.3 percentage points, in Central and South-Eastern Europe (2.0 percentage points), and in Latin America and the Caribbean (1.2 points). Other regions saw more limited increases in unemployment rates of 0.5 per cent or less.

COMMODITY AND NON COMMODITY PRICES Between July 2008 and February 2009, the U.S. dollar price of energy plummeted by two-thirds, and that of metals dropped by more than 50.0 per cent, from earlier highs. Dollar prices of agricultural goods retreated by more than 30.0 per cent, with the prices of fats and oils dropping 42.0 per cent. Dollar prices of energy and metal commodities began to recover in March 2009 broadly in tandem with global economic activity. World oil demand which grew on average annually by 1.7 per cent between 2000 and 2007, declined by nearly 3.0 per cent by the first quarter of 2009. This was as a result of reduced economic activity and induced conservation and substitution toward other energy sources in response to high oil prices. During the first half of 2009, global consumption of aluminum and copper, the most important metals in terms of volume, fell by 19.0 per cent and 11.0 per cent, respectively. Although agricultural prices declined by 22.0 per cent since their peak in June 2008, they nevertheless remained almost twice as high as the lows reached in the early 2000s. The fall in agricultural prices (relative to previous peaks) reflects lower oil prices and larger stockpiles of key agricultural commodities.

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Barbados Economic and Social Report 2009

GLOBAL FINANCIAL MARKET DEVELOPMENTS During 2009, there was evidence of a nascent recovery in financial markets following their near collapse the year before. This recovery was spurred by strong public intervention, low policy interest rates and higher expectations of an economic bounce back by the end of 2009. Notwithstanding the positive developments, the financial markets still remained challenging for lower-tier borrowers, notably small and medium-size enterprises and many households. Beginning from the first quarter 2009, equity markets posted strong gains, corporate risk spreads declined and spreads in inter-bank markets fell to levels close to those prevailing before the bankruptcy of Lehman Brothers in September 2008. As evidence to the returning confidence in the market, investors during 2009 shifted funds away from government bonds in search of higher yielding investments. Also, the stress test exercise in the U.S. and other countries helped to rebuild trust in the markets and in the banking system. International capital flows also recovered during 2009. This increase in activity, which

8 Â&#x201E;Â&#x201E;Â&#x201E;

I. International Economic Developments

was better than expected, sustained market sentiment, particularly in Asia and Latin America.

SUPPORTIVE FISCAL POLICIES In both advanced and emerging economies the use of fiscal policy during 2009 provided major stimulus to these markets. This was done as a response to the deep downturn and the fact that monetary policy was impaired in many of these countries. As a result, the overall fiscal deficits were projected to increase by about 6.0 percentage points of GDP compared with 2007 pre-crisis levels. In advanced countries the size of the fiscal expansion was higher due mainly to the size of government and greater role of automatic stabilizers such as income taxes and transfers. For the G-20 economies, the size of the crisis related discretionary measures, was estimated to be about 2.0 per cent of GDP for 2009. The largest policy packages were seen in Asia, the Middle East, and the United States. Some of the major policy focus was in tax breaks and transfer payments.

Barbados Economic and Social Report 2009

II. Regional Economic Developments

II. REGIONAL ECONOMIC DEVELOPMENTS OVERVIEW The lagged impact of the global financial crisis and economic recession on regional economies caused a contraction of between 1.0 per cent and 4.0 per cent in their Gross Domestic Product (GDP). These contractions were attributed to a decline in the tourism sector and in foreign direct investments (FDIs). However, there was positive growth in Belize, Guyana, Haiti and Montserrat. In response to the negative impact of the crisis, regional Governments sought external financing to mitigate the effects on foreign exchange reserves and liquidity levels in the banking system, as well as sustaining their fiscal and debt positions. Construction activity continued to decline as FDI inflows dwindled and public sector expenditure on capital projects was reduced. However, Guyana and Belize were the exceptions. The Manufacturing sector also suffered as the demand for foods, construction materials and other manufactured goods produced in the region declined. In Trinidad and Tobago, petroleum output increased. However, bauxite output in Jamaica and Guyana contracted due to the closure of ALPART and WINDALCO and the decrease in global demand. The Agriculture Sector in Jamaica and Grenada recorded strong growth compared with the output in Dominica, Belize and Guyana. Output in Belize contracted due to a reduction in citrus production and in Guyana there was poor sugar and rice harvests as a result of higher than expected rainfall. There was increased unemployment in most of the regional territories in the hard-hit tourism and construction sectors. Inflation was reduced as a result of the fall-off in aggregate demand, and the general reduction in international food and petroleum prices.

REAL GROSS DOMESTIC PRODUCT (GDP) Generally, there was a contraction in real GDP in most of the Caribbean islands. The Jamaican economy contracted by 4.0 per cent, while the Trinidad and Tobago economy declined by approximately 2.7 per cent in 2009. Comparatively, Guyana was among four (4) countries that recorded positive growth during the review period. The gold mining sector and the balance of payments performed strongly in combination with expenditure restraint and tax reforms.

JAMAICA The Jamaican economy at the end of 2009, contracted, as evidenced by a 4.0 per cent fall in real GDP. As contributors to real output Agriculture registered 5.7 per cent, Industry (29.7 per cent), and Services (64.7 per cent). The ratio of debt to GDP was almost 130.0 per cent, the unemployment rate escalated to 14.5 per cent, while the inflation rate was 8.6 per cent. Declines in remittances amounted to US$458.4 million, down 13.1 per cent from the corresponding period in 2008. The goods producing sector fell by 8.5 per cent as the output in the mining sector declined by more than 50.0 per cent. The Manufacturing and Construction sectors also declined by smaller margins, while Agriculture recorded a 13.0 per cent growth in output. The fiscal deficit at the end of the review period stood at US$1.3 million.

TRINIDAD AND TOBAGO In 2009, the Trinidad and Tobago economy contracted by about 2.7 per cent. Investments in liquefied natural gas, petrochemicals and steel were very encouraging given that oil and gas accounted for approximately 40.0 per cent of GDP and 80.0 per cent of exports. However,

Barbados Economic and Social Report 2009

it only accounted for 5.0 per cent of the employment opportunities available. Agriculture contributed 0.5 per cent to GDP, Industry (59.6 per cent) and Services (39.9 per cent). During 2009, the unemployment rate was estimated at 7.5 per cent, the inflation rate (7.6 per cent), the public debt (26.7 per cent) and gross investment (11.0 per cent) of GDP.

GUYANA In 2009, Guyana recorded positive growth, but it was 1.4 percentage points less when compared with the same period in 20083 . There were higher current revenues and improved fiscal outcomes resulting from a combination of expenditure restraint and tax reforms. The fiscal position was supported by grant inflows, debt relief and/or concessionary loans. It is however expected that there would be challenges ahead for the sugar and banana industries. There was a sharp contraction in bauxite output, while there was a strong performance in the Gold Mining sector where the total production reached 300,000 ounces. Guyana also maintained a relatively stable exchange rate as a result of a strong balance of payments performance.

ORGANISATION OF EASTERN CARIBBEAN STATES (OECS) Within the OECS countries, it was estimated that real GDP contracted by 2.0 per cent due to a decline in major sectors like construction, tourism, mining and quarrying, manufacturing and wholesale and retail trade. In addition, inflows of foreign direct investment and remittances contracted and led to a fall in business confidence and an increase in the unemployment levels.

REGIONAL SECTOR PERFORMANCE TOURISM Generally, stay-over arrivals declined across the region, with double-digit declines

II. Regional Economic Developments

being posted by most destinations amid weak source market demand and reduced airlift. This was also reflected in significantly lower visitor expenditure. Conversely, cruise passenger arrivals have remained buoyant, with several countries reporting increases in excess of 15.0 per cent. Jamaica was the only major tourism destination with positive performance as increased stay-over arrivals in that country were attributed to the diversion of tourists away from Mexico due to the Influenza A H1N1 virus outbreak, as well as aggressive marketing and discounting. On the whole, arrivals from Canada increased, and most of these travelled to Jamaica. However, with the US and Europe being larger source markets, the impact of declines in stay-over arrivals from these markets dominated sector trends in other territories.

CONSTRUCTION The slump in construction activity continued into 2009 due to persistently weak FDI inflows for tourism-related projects, which had initially driven construction and overall growth. Reductions in public sector spending on capital projects due to limited fiscal space, further exacerbated the fall-off in construction activity in some countries. Even though the Government of Dominica was able to finance accelerated capital works programmes through grant inflows, construction activity still declined sharply. Guyana and Belize were the major exceptions as construction activity was a key factor in recording overall economic growth, albeit at a reduced pace.

MANUFACTURING The regional manufacturing sector was also negatively impacted by the crisis. There was a reduction in global import demand as a result of the tight financial conditions. In addition, there were declines in the demand

Barbados Economic and Social Report 2009

for foods, construction materials, and other manufactured goods produced in the region.

MINING AND QUARRYING In Trinidad and Tobago and Belize, petroleum output increased due to the modest recovery in petroleum prices. In contrast, bauxite output in Jamaica and Guyana contracted sharply, due to the closure of producers ALPART and WINDALCO in Jamaica, and the decline in global demand. In Guyana, gold declarations rose due to higher global demand for this commodity.

AGRICULTURE The major agricultural producers recorded mixed performances during the year. Jamaica and Grenada recorded strong growth, while agricultural output in Dominica fell as a result of a steep drop in banana production. Belize and Guyana also recorded significant contractions in citrus production as a result of flood damage. In Guyana, poor sugar and rice harvests were recorded due to higher than expected rainfall. Sugar and banana production continued to decline across the region. The ongoing effects of trade preference erosion and weather-related issues, as well as other country-specific problems were the reasons for the reduction in the total output of these crops.

EMPLOYMENT Available data and anecdotal evidence from around the region indicate that the downturn in economic activity was reflected in rising unemployment in most countries, particularly in the hard-hit tourism and construction sectors.

INFLATION Several regional economies have been experiencing deflation as inflationary pressures in the region subsided during 2009. This was due to the fall-off in aggregate demand and the generalised reduction in

II. Regional Economic Developments

international food and petroleum prices. In the latter half of 2009, international commodity prices increased in the Bahamas, Jamaica, and Trinidad and Tobago.

BALANCE OF PAYMENTS Foreign exchange earnings from the export of goods and services generally declined. Reduced travel receipts in the tourism sector and lower commodity prices (with the notable exceptions of gold and diamonds) affected the value of primary-good exports. In addition, some regional economies reported significantly reduced inflows of remittances. None-the-less, current account balances generally improved as the value of total imports fell due to reductions in both import demand and international commodity prices. Overall, balance of payments (BOP) positions were adversely impacted as foreign exchange reserves declined due to a fall-off in FDI inflows. To mitigate this, the International Monetary Fund (IMF) made a decision to boost all member countries’ Special Drawing Rights (SDR) allocations in August and September 2009.

EXCHANGE RATES Guyana, Jamaica, and Trinidad and Tobago, the three (3) regional economies with floating rate regimes, all maintained relative exchange rate stability despite slight depreciations against the US dollar. The stability of Jamaica’s exchange rate was based on the healthy foreign exchange position, with the expected assistance from the IMF restructured lending policy. Guyana’s strong overall BOP performance position accounted for its continued exchange rate stability.

MONETARY AND FISCAL DEVELOPMENTS In the context of greater exchange rate stability and falling inflation rates, Jamaica and Trinidad and Tobago both eased monetary policy significantly in an effort to contain the 11

Barbados Economic and Social Report 2009

adverse effects of the crisis. In Guyana, monetary policy was more focused on liquidity, which expanded as domestic credit declined and project loan inflows boosted the net foreign assets considerably. The Bank of Guyana therefore tightened monetary policy in an effort to bring liquidity back down to target levels. The fiscal position in Guyana improved as a result of expenditure restraint and tax reforms. In addition, the fiscal position was supported by grant inflows, debt relief and/ or concessionary loans. With respect to grant inflows, Dominica and some other OECS countries turned to non-traditional donors such as China and Venezuela for grant resources to finance development efforts. In Trinidad and Tobago, the public debt was estimated at 26.7 per cent of GDP during the review period. Within the Organisation of Eastern Caribbean States (OECS), monetary policy measures were generally aimed at mitigating the impact of the crisis on output and credit growth and the reduction in deposit growth.

FINANCIAL STABILITY AND SOUNDNESS Prudent indicators for the Region within the banking system deteriorated given the current global and regional macro-financial environment following several years of improvement. There was an increase in nonperforming loans in the banking system, while capital adequacy and profitability declined. In the OECS, loan concentration remained high, especially with respect to the exposure of state-owned local banks. Several incidents of a financial nature, such as the collapse of Colonial Life (CL) Financial Group and the Allen Stanford development, contributed to the flight in quality assets, and highlighted the magnitude of cross-country contagion risk in the Region. These incidents created further damage to the reputation of the regional offshore

II. Regional Economic Developments

financial sector which was under severe international pressure from the Organisation for Economic Cooperation and Development (OECD). In April 2009, several Caribbean countries which committed to the internationally agreed tax standards and did not implement them were placed on a ‘grey list’ of jurisdictions by the OECD. The Cayman Islands and the British Virgin Islands subsequently graduated to the ‘white list’ at the end of the year. However, several other regional economies were actively seeking to graduate by signing the OECD-stipulated minimum of twelve (12) tax information exchange agreements to show their commitment to implementing the international standards.

CENTRAL GOVERNMENT OPERATIONS In Guyana and Dominica, relative expenditure restraint and tax reforms resulted in higher current revenue and improved fiscal outcomes. However, public finances deteriorated in most other regional economies, largely reflecting the impact of the crisis on already limited fiscal space. In some cases, salary increases, interest payments on accumulating debt stocks, rising transfers and subsidies, pre-election spending and/or fiscal responses to the crisis played a role in the resulting large fiscal gaps. A significant decline in revenue, especially in those countries with narrow revenue bases, was also a major contributing factor. Unfavourable fiscal outturns in Jamaica and Barbados resulted in the downgrading of their credit ratings and economic outlooks. Consequently, countries experiencing moderate-to-severe fiscal deterioration approached the regional capital market for macroeconomic and financial support. Belize, Haiti and Montserrat also experienced similar outturns in relation to GDP growth. 1

6.8

6.7

3.6

Trinidad & Tobago* 13.7

7.0

2.2

8.5 5.3 3.5 3.5 1.7 3.5 1.5 1.9 1.6 6.9 3.0 3.8

2005

12.2

4.8

10.9 12.0 4.0 3.4 2.5 4.1 2.0 4.8 2.6 3.8 4.4 5.0

2006

5.5

6.7

12.0 6.1 3.1 4.3 3.0 1.6 3.1 5.8 1.4 2.7 3.5 3.5

2007

3.5

2.0

2.0 4.2 1.0 0.7 4.3 2.0 1.6 3.2 0.5 3.8 3.8 2.0

2008

-2.7

-6.5

-6.5 -4.0 -3.0 -1.5 -4.0 -4.0 2.3 -4.0 -1.0 -2.0 -2.5

2009P

3.8

0.3

7.0 2.5 3.0 1.6 2.3 1.6 2.2 5.9 14.0 0.1 2.2 0.4

2003

3.4

3 6.9

3.7

9.1

8.4 1.5 2.1 7.3 4.6 3.6 4.8 7.5 5.8 3.4 4.5 2.2

2005 2006

2.9 5.0 1.8 1.2* 0.7 2.5** 1.4 6.1 3.0 4.4 2.5 2.1 1.7 4.5 5.0 7.8 11.0 12.9 4.0 2.9 2.3 3.65.3 1.9 2.1

2004

8.0 7.6 14.3

8.8

2003

7.6

334.8

62.2

46.9 182.4 3.0 1428.6 3.5 531.2 0.3 171.7 3.2 66.3 142.3 3.6 100.9 8.6 1350.1 6.6 n.a n.a 276.9

2008 2009P

6.9 7.9 2.0 3.2 2.5 4.6 4.1 8.0 2.5 7.2 3.6 3.8 7.4 7.1 12.2 11.6 16.0 16.9 2.5 4.8 5.0 4.5 1.5 7.2

2007

Inflation Rate (%)

* January to October Stay-Overs * Inflation Rates reflect a deflation of 0.5% at end of 2nd Quarter **January to November Stay-Overs ** Records inflation at the end of October 2007

Caribbean Development Bank Annual Economic Review 2007 CDB International and Regional Briefing Notes 2007 Caribbean Tourism Organisation Central Bank of Barbados Bank of Jamaica

12.0 5.1 2.5 4.8 4.5 2.6 (3.2) 1.5 1.8 8.0 6.4 4.5

4.0 5.5 1.9 2.0 9.4 0.3 5.7 0.7 2.1 1.2 2.0 3.1

Anguilla Antigua & Barbuda* Bahamas Barbados Belize Dominica** Grenada Guyana Jamaica Montserrat** St. Kitts & Nevis St. Lucia St. Vincent & the Grenadines*

SOURCE:

2003R 2004R

Country

Real GDP Growth Rate (%)

2003 - 2009

328.0

75.0

47.9 221.5 1450.0 551.5 208.6 n.a. n.a. 107.6 1278.9 7.0 n.a 298.4

2004

Indicators of Economic Performance in Selected Regional Countries

TABLE 2.1-1

2006

280.4

58.1

232.7

49.5

62.1 41.1 238.8 137.2 1514.5 1276.4 547.5 570 183.6 247.2 626.64 37.1 98.2 58.5 116.6 90.1 1478.7 1678.3 9.7 3.8 76 317.9 160.5

2005

80.8

75.0

62.6 212.8 1369.6 584.8 251.7 63.8 132.8 n.a 1018.0 5.2 92.9 645.5

2007

Tourism Arrivals (Stay-overs ‘000)

219.4

16.6

28.2 219.2 73.5 568.9 184.1 54.9 124.9 38.6 1589.0 5.7 n.a. 230.8

2008

324.0

65.0

360.0

10.4 232.0 93.6 472.0 146.0 65.0 111.0 76.0 1192.0 1.6

2009P

Barbados Economic and Social Report 2009 II. Regional Economic Developments

Barbados Economic and Social Report 2009

III. The Barbados Economy

III. THE BARBADOS ECONOMY A. THE REAL SECTOR OVERVIEW During 2009, the Barbados economy contracted by a provisional 4.8 per cent compared with a decrease of 0.2 per cent in 2008. The economic downturn witnessed during 2009 resulted from external demand shocks from the global financial crisis which manifested itself in lower rates of growth in the real economy. As a consequence, decreases in foreign exchange inflows from tourism and other related services, coupled with reduced exports, had a knock-on effect on other traded sector activity. In essence, the crisis is estimated to have cost Barbados almost 10.0 percentage points in economic growth over the last two years. The overall decline in real GDP growth within the Barbados economy was led mainly by a fall off of 6.3 per cent in the performance in the traded sector, while the non-traded sector fell by 4.3 per cent. In the traded sector, tourism activity plummeted to 6.6 per cent, following a 1.2 per cent decline in 2008. In relation to the non-traded sector, the indirect effects of lower tourism activity were keenly reflected in the wholesale and retail subsector; transportation; storage and communication; and business and other services, which all contracted for the first time since 2001-2002. The pass through effect of lower oil and commodity prices however led to the inflation rate moderating during 2009, falling from 8.0 per cent at the end of 2008 to 3.7 percent at the end of 2009, reflecting a return to normalcy of commodity prices. In response to the global financial crisis which dampened economic activity, the government of Barbados continued during the review period to provide a myriad of financial support measures to key sectors in order to stabilize the economy.

14 Â&#x201E;Â&#x201E;Â&#x201E;

Per capita GDP at factor cost decreased marginally by an estimated 1.7 per cent to record BDS $23.8 thousand (US $11.9 thousand) compared with BDS $24.2 thousand (US $12.1 thousand) in 2008.

THE TRADED SECTOR Real value added in the traded sector fell by an estimated 6.3 per cent in 2009, following a 1.2 per cent decline registered in 2008. This outturn was underpinned by significant reductions in tourism and manufacturing value added which declined by 6.6 per cent and 12.8 per cent, respectively. The decline in tourism activity was due mainly to an estimated 8.6 per cent fall in long-stay arrivals. This took place in spite of a 6.3 per cent increase in cruise ship passengers. With the exception of Canada, tourism arrivals from all major source markets fell during 2009. Persistently high unemployment in the UK and USA, two traditional markets, contributed to restricted arrivals from these markets, which contracted by 13.0 per cent and 9.8 per cent, respectively. During 2009, sugar production as a percentage of GDP increased by an estimated 1.2 per cent, reversing the 6.9 per cent decline registered in 2008. Output in the non-sugar agriculture and fishing sector also recorded increases, expanding by 3.6 per cent. Manufacturing output fell by an estimated 12.8 per cent during the review period. This outturn resulted despite marginal increases in credit to the manufacturing sector, indicating that the knock-on effect from reduced tourism related activity affected all sub-sectors in manufacturing. The international business and financial services sector continued to exhibit moderate growth despite the challenges posed by the world financial and economic crisis. During 2009, the number of new entities licensed was 407 as compared to 480 at the end of 2008. This represented a 15.2 per cent decline in overall new company formation. There were 379 new

Barbados Economic and Social Report 2009

International Business Companies (IBCs) licensed during the review period compared to 481 for 2008, representing a 21.2 per cent decline. With regard to Societies with Restricted Liability (SRLs), the new licences at the end of December 2009 numbered nineteen (19) representing a decline of 77.1 per cent from the 2008 figure of eighty-three (83).

THE NON-TRADED SECTOR During 2009, the non-traded sector declined by 4.3 per cent. This outturn was attributed to the indirect effects of lower tourism activity which affected all sub-sectors within the non-traded sector. To be noted are transportation; storage and communication; wholesale and retail; and business and other services; all contracted for the first time since 2001. The Construction and Mining and Quarrying sub-sectors registered the largest declines during the review period, falling by 22.6 per cent and 37.6 per cent, respectively. Consequently, the number of persons employed in construction and quarrying fell by approximately 15.0 per cent, with credit to the two sub-sectors declining by 6.0 per cent and 19.0 per cent, respectively.

CONTRIBUTION TO GDP4 In 2009, four (4) sectors of the economy of Barbados contributed to the bulk of real GDP. Provisional data indicated that these sectors comprised finance and business services which contributed $1,739.1 million; hotel and restaurant $1,177.3 million; government services $878.0 million and wholesale and retail trade $802.4 million. Other significant contributions to GDP were transport, storage and communications $523.1 million, manufacturing $507.1 million and construction $349.0 million. The contribution of GDP made by electricity, gas and water stood at $158.4 million. Sugar contribution over the review period fell by $4.5 million to record $18.7 million while nonsugar agriculture rose by $9.6 million to register $142.0 million.

III. The Barbados Economy

EXPENDITURE ON GDP Provisional data indicated that Gross Domestic Product at market prices decreased in 2009 by 2.3 per cent to an estimated $7,789.7 million when compared with $7,976.1 million recorded in 2008. After adjusting for indirect taxes and subsidies, Gross Domestic Product at factor cost was estimated to have decreased by 1.4 per cent to $6, 558.4 million. During 2009, consumption expenditure remained relatively unchanged at $7,184.5 million. Government expenditure accounted for $1,326.2 million of total consumption, a decrease of approximately 0.5 per cent while personal consumption accounted for $5,858.3 million, an increase of approximately 0.1 per cent over the $5,851.4 million recorded in 2008. Gross capital formation amounted to an estimated $1,167.7 million, a decrease of 22.3 per cent over 2008. This outturn was attributed to decreases in machinery/equipment and building activity which fell 21.3 per cent and 20.2 per cent, respectively to record $588.4 million and $590.7 million. Exports of goods and services fell by an estimated 14.8 per cent to register $3,560.2 million compared with $4,180.7 million recorded in 2008. Mirroring dampened aggregate demand and the pass through effects of lower oil and commodity prices, imports of goods and services registered its first decrease since 2000, to record $4,147.4 million or 15.0 per cent less than the figure recorded a year earlier.

PER CAPITA INCOME Per capita GDP at factor cost decreased marginally by an estimated 1.7 per cent to record BDS $23.8 thousand (US $11.9 thousand) compared with BDS $24.2 thousand (US $12.1 thousand) in 2008. 4

It should be noted that information contained in this section and down to Per Capita GDP reflects changes, when compared with previous reports, due to the approved use of the 1993 SNA-based methodology in the calculation of Nominal GDP. This revision was carried out by the BSS in conjunction with CARTAC.

Â&#x201E;Â&#x201E;Â&#x201E; 15

16 98.8

Construction

1063.2

148.1

183.4

89.9

10.0

3.9

3.5

4.5

5.6

8.0

5.3

13.5

(0.6)

5.5

2.1

(2.2)

6.9

11.3

1097.1

152.6

193.5

96.0

9.7

227.3

98.9

42.7

820.7

63.9

164.3

33.7

14.5

276.4

3.2

3.0

5.4

5.2

(3.1)

5.3

(0.4)

9.8

4.3

1.1

1.6

(2.9)

(12.0)

0.1

2006 $M % change

SOURCE: Central Bank of Barbados Ministry of Economic Affairs and Development

GDP

Government Services

Services

Business & Other

Communications

Transport, Storage &

Mining & Quarrying

215.7

38.9

Electricity, Gas & Water

Wholesale & Retail Trade

787.1

63.2

NON-TRADED SECTOR

Manufacturing

164.4

34.7

Non-Sugar

Tourism

16.4

Sugar

276.1

TRADED SECTOR 0.5

2005R $M % change

SECTOR OF ORIGIN

1142.9

157.1

206.0

102.2

9.1

246.0

98.9

43.0

862.3

62.1

169.3

34.7

14.6

280.6

3.8

3.0

5.8

6.1

(6.3)

6.5

0.1

0.9

4.4

(1.2)

3.0

2.8

0.9

1.9

2007P $M % change

1141.1

161.8

210.4

105.1

8.4

244.0

91.1

43.0

863.8

60.7

167.3

35.7

13.6

277.3

-0.2

3.0

2.2

2.9

(7.9)

0.8

(7.9)

(0.4)

0.2

(2.2)

(1.2)

2.9

(6.9)

(1.2)

2008P $M % change

TABLE 3.1-1 Estimates of Real Gross Domestic Product and Real Growth Rates 2005 -- 2009 (Base: 1974 = 100)

1086.4

166.7

-4.8

3.0

(1.3)

(2.9)

(37.6)

(5.3)

(22.6)

0.6

(4.3)

(12.8)

(6.6)

3.6

1.2

(6.3)

2009P % change

207.6

102.1

5.2

231.2

70.5

43.2

826.5

52.9

156.2

37.0

13.7

259.9

Barbados Economic and Social Report 2009 III. The Barbados Economy

3,310.5

3,340.4

3,162.6

3,552.2

3,950.1

4,013.6

4,145.5

3,856.5

4,287.8

2000R

2001R

2002R

2003R

2004R

2005P

2006R

2007R

2008P

1,935.8

1,720.4

1,360.3

1,293.5

1,199.5

1,248.5

1,218.6

1,142.6

1,084.3

1,026.7

6,223.6

5,576.9

5,505.8

5,307.1

5,149.6

4,800.7

4,381.2

4,483.0

4,394.8

4,373.2

Total

FC: Factor Prices

MP: Market Prices

Barbados Statistical Service

3,346.5

1999

SOURCE:

Personal

Year

Government

Consumption Expenditure

78.8

69.5

61.2

53.1

61.6

117.1

168.7

118.5

112.3

118.0

#* Public Building Activity

765.6

767.1

778.2

712.4

542.3

422.7

357.7

397.8

467.0

444.4

*Private Building Activity

13.7

11.5

10.1

9.7

9.2

(5.8)

(15.6)

(44.7)

7.4

29.4

Stocks of Finished Goods

1,605.8

1,665.4

1,699.9

1,493.0

1,333.8

1,115.3

1,029.2

1,001.8

1,161.0

1,192.9

Total

# Central Government only

3,960.5

4,016.1

3,420.3

3,188.3

2,753.3

2,566.7

2,353.1

2,445.0

2,518.9

2,551.8

Exports of Goods and Services

* Land Development included

747.7

817.3

850.4

718.7

720.6

581.3

518.4

530.2

574.4

601.1

Finished Capital Stock

Gross Capital Formation

11,789.9

11,258.4

10,625.9

9,984.2

9,236.8

8,482.8

7,763.5

7,929.9

8,074.7

8,117.9

(4,707.8)

(4,354.8)

(4,252.2)

(4,013.0)

(3,571.9)

(3,093.0)

(2,811.3)

(2,821.5)

(2,957.1)

(2,822.3)

7,082.1

6,903.7

6,373.7

5,971.2

5,664.9

5,389.8

4,952.2

5,108.4

5,117.6

5,295.6

Gross Imports of Expenditure Expenditure Goods and on GDP on GDP Services (MP)

TABLE 3.1-2 Composition of Expenditure on Gross Domestic Product 1999 -- 2008 (Current Prices)

(1,406.2)

(1,244.9)

(1,117.4)

(1,031.1)

(1,032.4)

(1,055.1)

(886.2)

(875.3)

(891.8)

(825.3)

Net Indirect Taxes

5,675.9

5,658.8

5,256.3

4,940.1

4,632.5

4,334.7

4,066.0

4,233.1

4,225.8

4,470.3

Domestic Product at (F.C.)

($ M)

Barbados Economic and Social Report 2009 III. The Barbados Economy

Barbados Economic and Social Report 2009

B. BALANCE OF PAYMENTS5 OVERVIEW During 2009, Barbados experienced a smaller external current account deficit. This was due to lower commodity prices and a contracting domestic economy, which reduced the import bill. However, unfavourable international conditions caused a decline in net private capital flows and would have led to foreign reserve losses were it not for the receipt of the proceeds from a government bond issue arranged in the Trinidad and Tobago market. In addition, the foreign reserves were further buttressed by the allocation of additional Special Drawing Rights (SDRs) to all member countries of the International Monetary Fund (IMF). This led to a boost in the net international reserves (NIR) of the monetary authorities.

CURRENT ACCOUNT At the end of 2009, the balance on the external current account was in deficit to the extent of $382.5 million or approximately 4.6 per cent of GDP (at market prices). This represented a substantial decline when compared with the deficit of $843.0 million recorded at the end of 2008. This was as a result of a significant decrease in the value of imported goods. The merchandise trade deficit fell by 26.2 per cent to $1,833.3 million, compared with $2,484.7 million in the previous year. Total exports (fob) amounted to $757.1 million, a 22.4 per cent decrease compared with $975.6 million in 2008. In 2009, the value of domestic exports fell by 13.7 per cent, to register $458.6 million compared with the $531.2 million recorded in 2008. There were notable declines in most of the key export categories. Decreases were registered for electrical components by 31.4 per cent; food and beverages by 15.2 per cent; chemicals by 12.8 per cent; and sugar by 9.6 per cent. Receipts from goods procured in ports increased by 14.3 per cent while goods for processing fell by 39.4 per cent. The value of total imports (cif) for 2009 decreased by 24.5 per cent to $2,898.9 million

III. The Barbados Economy compared with $3,840.4 million in 2008. Retained imports constituted 89.7 per cent of total imports or $2,600.4 million, a 23.4 per cent decline below the $3,396.0 million recorded in 2008. The decline in import values was broad-based across all categories. Decreases were recorded for intermediate goods by 28.2 per cent; capital goods by 24.8 per cent; and consumer goods by 16.5 per cent. Tourism receipts in 2009 were estimated at $2,085.3 million, a decrease of 6.4 per cent compared with $2,227.9 million in 2008. Net receipts from the export of services fell by 8.1 per cent to $1,646.4 million compared with $1,790.7 million recorded in 2008. In addition, current transfers decreased by $9.0 million to $84.6 million compared with $93.6 million in 2008.

CAPITAL AND FINANCIAL ACCOUNT The capital and financial account recorded a surplus of $616.6 million in 2009, an 86.7 per cent increase when compared with the surplus of $330.2 million for 2008. Net long-term private investment fell significantly by 71.9 per cent to $90.9 million compared with $323.7 million in 2008. On the other hand, net short-term outflows were estimated at $39.7 million relative to inflows of $175.3 million in 2008. Net longterm public sector flows were estimated at an inflow of $338.4 million, compared with outflows of $99.7 million in 2008.

NET INTERNATIONAL RESERVES (NIR) At the end of 2009, the NIR rose by 20.1 per cent to $2,100.9 million compared with $1,749.3 million at the end of 2008. As a result, the import reserve cover for goods stood at 30.7 weeks, an increase of 7.2 weeks when compared with the corresponding period of 2008.

The source of the Balance of Payments data is the Central Bank of Barbados.

Barbados Economic and Social Report 2009

III. The Barbados Economy

TABLE 3.2-1 Balance of Payments 2004 -- 2009 ($ M) 2004R Current Account

2005R

2006R

2007R

2008P

2009E

-532.8

-733.5

498.5

-356.4

-843.0

-382.5

Total Exports (fob) of which Domestic Exports

556.4

720.0

1024.9

1056.5

975.6

757.1

346.9

422.1

497.1

522.3

531.2

458.6

Imports (CIF) of which Retained Imports

2825.9

3208.9

3394.7

3492.4

3840.4

2898.9

2616.3

2911.0

2866.9

2958.2

3396.0

2600.4

Services (Net) of which Tourism Income Transfers

1365.8 1453.2 -163.8 228.9

1529.9 1600.8 -255.4 130.9

1620.3 1904.5 -283.3 165.7

1822.6 2179.5 -132.9 112.1

1790.7 2227.9 -242.6 93.6

1646.4 2085.3 -280.1 84.6

Capital and Financial Account E and O1

467.3

631.9

695.9

923.6

330.2

616.6

-275.1 -340.6

-36.5 -138.1

-114.8 82.6

-10.6 556.1

14.5 -498.3

117.5 351.6

Net Official financing

0.0

IMF Credit Other M.A.2 Other F.I.3

0.0 0.0 0.0

Change in Foreign Reserves (CBB Basis) (-increase/+decrease) 340.6

138.1

-82.6

-556.1

498.3

-351.6

-27.7 0.0

-184.2 0.0

125.1 0.0

202.6 0.0

-307.2 0.0

216.5 0.0

Change in NIR (IMF Basis) (-increase/+decrease) 312.9

-46.1

42.5

-354.0

191.1

-135.1

Overall Surplus/Deficit

Adjusted by: Commercial Banks’ Position (net) IMF Resources

SOURCE: Central Bank of Barbados 1: Errors and Omissions 3: Financial Institutions

2: Monetary Authorities

Barbados Economic and Social Report 2009

III. The Barbados Economy

DIRECTION OF TRADE6 EXPORTS Domestic exports for 2009 were estimated at $439.6 million, representing a decrease of 16.5 per cent or $86.7 million below the $526.3 million recorded for 2008. The primary market for Barbados’ domestic exports continued to be CARICOM, with a market share of 51.8 per cent. Exports to this group of countries, decreased by 16.3 per cent, to reach $227.5 million compared with the $271.9 million recorded for 2008. Within CARICOM, Trinidad and Tobago, St. Lucia and Jamaica were the major importers of Barbados’ domestic exports, absorbing $54.9 million (24.1 per cent), $32.9 million (14.5 per cent) and $27.7 million (12.2 per cent) respectively. The US and UK were the second and third largest markets respectively, for Barbados’ domestic exports. Exports to the US were estimated at $67.8 million, a decrease of 16.8 per cent when compared with the $81.5 million recorded for 2008. Exports to the UK declined to $57.9 million from the $67.2 million reported at the end of 2008.

CARICOM was the second largest source of imports, accounting for 22.0 per cent of total imports. Barbados’ imports from the region decreased by $296.1 million or by 33.4 per cent to $589.4 million. The third largest supplier of imports in 2009 was the UK, with a market share of 5.0 per cent valued at $134.4 million. Decreases were registered for Venezuela by 59.4 per cent; Canada by 43.2 per cent; Germany by 39.1 per cent and Japan by 34.5 per cent. Imports from the aggregated group ‘All Other Countries’ also decreased during 2009 by $98.0 million. Figure 3 Figure 3 Direction of Trade-Total Imports for 2009 Canada, 3.8%

All Other Countries, 25.5%

CARICOM, 22.0%

Japan, 3.1% Germany, 1.3% Venezuela, 0.0%

United States of America, 39.3%

United Kingdom, 5.0%

SOURCE: Barbados Statistical Service

Figure 4

Figure 2 g

V is ib le T r a d e B a la n c e (1 9 9 6 -2 0 0 9 )

Direction of Trade - Domestic Exports for 2009

4000 3000 2000

R es

t of th e W O th o rl d er E u ro p e an U n io n O th er A s ia C an ad a O th e r Ca rib b ean U nit ed K in g d om U nit ed S tates C AR IC O M

3.7

1000 $M

3.1

1997 1998 1 9 99 2000 2001 2 0 02 2003 2004 2 0 05 2 0 02 60 0 72 00R02800 R S9oPu r c e : B arbados -1000 -1 ,6 2 1 S t a tis tica l - 1 ,6 8 8 -1 ,8 9 1 S e r v ic e - 1-1,8,54367 -1 ,6 5 9 -2 ,4 1 0 -2000 - 1 ,7 6 6

4.4 4.9

- 2 ,2 6 9

13.2

-3000

-2 ,3 7 6

Y e a rs

15.4 51.8

3.6

15 20

35 40

Im p o rts (C IF )

To ta l E xp o rts

D e fi c it

SOURCE: Barbados Statistical Service

Percentage

SOURCE: Barbados Statistical Service

IMPORTS During 2009, total imports (cif) stood at $2,682.8 million, a decrease of $810.2 million or 23.2 per cent. The US continued to be the primary extra-regional supplier and the largest trading partner overall, accounting for 39.3 per cent or $1,054.5 million of imports compared with 36.5 per cent or $1,274.4 million in 2008.

C. PUBLIC FINANCE OVERVIEW The fiscal year 2009/2010 proved to be a challenging one for the Central Government. As a result of the deteriorating economic climate, 6

The source for the Direction of Trade figures is the Barbados Statistical Service.

Barbados Economic and Social Report 2009

the fiscal deficit, for the period 2009/2010, was estimated at $637.4 million or 8.2 per cent of GDP7 . The deficit for the previous period was $396.8 million or 5.4 per cent of GDP. The weakening of the fiscal position was the result of lower revenue intake, which was not off-set by the small drop in spending. At the end of the review period, current revenue decreased by 8.5 per cent while current expenditures fell marginally.

FISCAL POLICY FRAMEWORK During 2009, the Government in response to the global recession engaged in a number of stimulus activities which sought to protect jobs and maintain a desired level of economic activity. Some of these activities found their genesis in the May 2009 Financial Statement and Budgetary Proposals, where a number of policies were outlined. Among these measures were two (2) key fiscal policies that focused on: 1.

providing loans via the National Insurance Scheme to eligible employers experiencing cash flow problems; and

introducing a programme of relief to employers and self-employed persons by way of a waiver of interest and penalties in respect of outstanding National Insurance, Income Tax, Land Tax and Value Added Tax.

In addition, the government also took the decision to speed up some of its capital works programmes as an added stimulus measure. Notwithstanding these measures, the limited fiscal space which the Government faced, as well as the deteriorating debt position, meant that any prolonged countercyclical measures could not be sustained. In this regard, the Government took the decision during the latter part of 2009 to draft a Medium-Term Fiscal Strategy covering the period 2010 to 2014. The key focus of the strategy would be to reduce the overall fiscal deficit to a small surplus and in so doing reduce central government total debt. As articulated by the strategy, this would

III. The Barbados Economy

be done through stringent revenue and expenditure management along with institutional reform, part of which would deal with efficiency gains.

REVENUE During the fiscal period 2009/2010, total current revenue generated stood at a projected $2,399.9 million compared with $2,621.8 million for the corresponding period 2008/2009. This represented a decrease of $221.8 million or 8.5 per cent. This outcome was attributed mainly to a decline in tax receipts collected during the period under review. This decline was off-set slightly by an increase in non-tax revenues collected. Tax revenue is estimated to have declined by $234.6 million or 9.4 per cent. This outcome reflected slumps in the intake of revenues from goods and services by $136.6 million or 12.7 per cent and in international trade by $35.2 million or 16.0 per cent. Revenues from VAT, the main component of goods and services, fell by $121.4 million or 15.2 per cent. This was as a result of a rundown in inventory due to weakened domestic demand. There was also a fall in receipts from property taxes which fell 17.8 per cent while other taxes (stamp duties) fell by 29.6 per cent. Regarding direct taxes, revenues from income and profits rose by an estimated $13.3 million or 1.5 per cent. Personal tax receipts fell by $8.9 million or 2.4 per cent, while corporation taxes rose by $30.1 million or 6.7 per cent. Nontax revenue was estimated to have risen by $8.3 million or 6.3 per cent during the review period.

EXPENDITURE Total expenditure over the fiscal period 2009/2010 was estimated at $3,497.5 million, a decrease of $29.0 million or 0.8 per cent when compared with the corresponding period 2008/ 2009. Of this total, current expenditure, inclusive of amortization, decreased slightly to $3,294.3 7

The figure for GDP reflects the revised GDP series done by CARTAC and the Barbados Statistical Service.

Barbados Economic and Social Report 2009

During the period, capital expenditure fell by $28.9 million or 12.4 per cent. Of the amount spent, an estimated $114.5 million went towards capital formulation, $74.1 million to transfers and $13.7 million to acquisitions. Debt service payments for the period under review were estimated at $945.4 million compared with $904.1 million for the previous fiscal year. Total amortization stood at $460.2 million, a decrease of $47.6 million, while interest payments amounted to $485.2 million, an increase of $88.9 million. Domestic debt service at the end of the period, stood at an estimated $678.5 million of which amortization was $356.1 million and interest payments $322.4 million. Foreign debt service amounted to an estimated $267.0 million. Of the amount going to service external debt, $104.1 million was for amortization and $162.9 million went towards interest payments.

NATIONAL DEBT At December 2009, the stock of national debt stood at an estimated $6,837.4 million or 88.2 per cent of GDP8 . This represented an increase of $852.2 million or 14.2 per cent over 2008. Domestic debt stood at $4,711.3 million or 60.8 per cent of GDP, an increase of $591.8 million when compared with the year before. The level of foreign debt stood at $2,126.0 million or 27.4 per cent of GDP, an increase of $260.3 million. With respect to domestic debt, short-term debt or treasury bills stood at $859.2 million. Long-term debt, which was estimated at $3,852.1 million, comprised mainly of debentures and treasury notes valued at $3,605.9 million; savings bonds, $98.6 million; tax refund certificates, $0.8 million; and other domestic loans, $146.7 million. Regarding the foreign debt component, this consisted mainly of foreign bonds valued at $1,229.2 million; loans from regional and international financial institutions9 , $514.7 million; Euro-market loans valued at $10.8 million of which $8.9 million was provided by the European Investment Bank and $1.9 million by the European Economic Community . Figure 5 3,500

FINANCING The fiscal deficit of $1,097.9 million was financed largely from domestic sources totalling $807.9 million, while foreign financing amounted to $289.7 million. The primary sources of domestic financing were Debentures, $475.1 million and Treasury Bills, $237.8 million. Of the foreign financing components, $115.0 million was for project financing. The main sources of 22

Figure 5 Public Finance 2004/05 - 2009/10

3,000

2,500

2,000

1,500

1,000

500

Of the components making up current expenditure, wages and salaries including national insurance contributions stood at $859.9 million or 26.1 per cent of current expenditure. This represented an increase of $27.2 million over the $832.7 million recorded for the previous fiscal year. Expenditure on goods and services, which represented an estimated 11.9 per cent of current revenue, fell to $393.2 million from the $420.6 million recorded in 2008/2009. Current transfers and subsidies, which was approximately 33.3 per cent of current expenditure, fell by $41.2 million to $1,095.9 million. This reflected a $37.5 million or 5.0 per cent decline in grants to public institutions.

project financing came from: the Inter-American Development Bank, $57.5 million; the World Bank, $33.3 million; and the European Development Fund, $12.0 million. Non-project financing (Foreign commercial) of $232.0 million was expected to help finance the deficit.

Millions$

million when compared with the $3,294.4 million recorded the previous period before.

III. The Barbados Economy

0 2004/2005 2005/2006 2006/2007R2007/2008R 2008/2009P 2009/2010P Fiscal Period Current Expenditure

Current Revenue

Fiscal Deficit % GDP

The figure for GDP reflects the revised GDP series done by CARTAC and the Barbados Statistical Service. 9

This includes the Caribbean Development Bank (CDB), the Inter-American Development Bank (IADB) and the World Bank.

Barbados Economic and Social Report 2009

III. The Barbados Economy

TABLE 3.3-1 Central Government Operations 2005/2006 -- 2009/2010 ($ M) ________________________________________________________________________ 2005/2006 2006/2007 2007/2008 2008/2009R 2009/2010P ________________________________________________________________________ Current Expenditure Amortization Other

2,268.5 295.1 1,973.4

2,517.1 419.4 2,097.7

3,028.2 463.0 2,565.2

3,294.4 507.8 2,786.6

3,294.3 460.2 2,834.1

Current Revenue 2,143.0 Tax 2,075.1 Non-Tax 65.3 Loans and Advances 2.7 Grant Income 0.0

2,223.4 2,155.3 65.6 2.2 0.0

2,540.1 2,435.5 100.6 0.0 4.0

2,621.8 2,483.5 130.7 7.5 0.0

2,399.9 2,248.9 139.0 12.0 0.0

Current Surplus/ Deficit

(125.5)

(293.7)

(488.1)

(672.6)

(894.4)

248.1

257.0

239.0

232.0

203.9

245.6

254.9

239.0

232.0

203.1

2.5

2.1

0.0

0.8

2,516.6

2,774.1

3,267.2

3,526.4

3,497.5

Capital Expenditure and Net Lending Capital Expenditure Lending Total Expenditure Total Financing Requirements/ Overall Fiscal Deficit

(373.6)

(550.7)

(727.1)

(904.6)

Amortization

295.1

419.4

463.0

507.8

460.2

(131.3)

(264.1)

(396.8)

(637.4)

Net Financing Requirements

(78.5)

(1,097.6)

Financing Domestic

294.5

397.0

774.5

800.4

807.9

Foreign

79.0

153.7

40.7

104.2

289.7

0.0

88.1

0.0

Financing Gap

Overall Deficit Net of Amortization as % of GDP -1.3 -1.9 -3.8 -5.4 -8.2 (at market prices) ________________________________________________________________________ SOURCE: Ministry of Finance

Barbados Economic and Social Report 2009

III. The Barbados Economy

TABLE 3.3-2 Current Revenue by Source 2005/2006 -- 2009/2010 ($ M) 2005/06

2006/07

2007/08

2008/09R

2009/10P

Taxes on Income and Profits

706.2

804.7

928.6

893.1

906.4

Taxes on Property

137.4

151.2

145.0

158.2

130.1

Taxes on Goods and Services

959.9

939.3

1064.6

1079.0

942.4

Taxes on International Trade

180.5

173.8

216.9

219.5

184.3

Other Taxes Non-Tax Revenue Special Receipts Grant Income Loans and Advances

22.0 65.3 68.9 0.0 2.7

26.9 65.6 59.3 0.0 2.2

21.9 100.6 58.5 4.0 0.0

18.6 130.7 115.1 7.5 0.0

13.1 139.0 72.7 12.0 0.0

2142.9

2223.0

2540.1

2621.8

2399.9

Total Revenue

SOURCE: Ministry of Finance

TABLE 3.3-3 Central Government Current Expenditure by Item 2005/2006 -- 2009/2010 YEAR

2005/06

2007/08

2008/09R

2009/10P

Employment Expenses

668.0

687.8

808.9

832.7

859.9

Wages and Salaries

620.9

637.1

752.8

774.5

799.7

47.1

50.7

56.1

58.2

60.2

Goods and Services

228.2

261.2

357.2

420.6

393.2

Amortization

295.1

419.4

463.0

507.8

460.2

Interest

298.9

327.4

391.8

396.3

485.2

Subsidies and Transfers

782.1

821.4

1007.3

1137.1

1095.9

2272.3

2517.2

3028.2

3294.4

3294.3

National Insurance Contributions

TOTAL

SOURCE: Ministry of Finance

2006/07

($ M)

Barbados Economic and Social Report 2009

III. The Barbados Economy

TABLE 3.3-4 Fiscal Deficit and Financing 2005/2006 -- 2009/2010 ($ M) 2005/06

2006/07R

2007/08R

2008/09P

2009/10P

___________________________________________________________________________ Overall Deficit

373.5

550.7

741.1

904.6

1097.6

Foreign Financing

79.0

153.7

40.7

104.2

289.7

Project Financing

30.3

21.8

40.7

61.5

115.0

Inter-American Development Bank (IADB)

8.9

4.6

25.4

38.3

57.5

World Bank (IBRD)

4.6

7.3

7.4

9.5

33.3

16.8

7.5

3.9

6.2

European Investment Bank

0.0

European Development Fund

0.0

4.0

7.5

12.0

Other Projects

0.0

2.4

0.0

People’s Republic of China

0.0

6.0

Non-Project Financing

48.7

131.9

0.0

Foreign Commercial

48.7

131.9

0.0

232.0

0.0

294.5

376.7

700.4

800.4

807.9

20.1

13.5

20.0

244.6

358.3

536.9

675.0

475.1

Tax Reserve Certificates

2.4

0.0

Tax Refund Certificates

1.4

0.9

0.0

Treasury Bills

0.0

150.0

0.0

237.8

Treasury Notes

0.0

75.0

Other Domestic

26.0

24.3

0.0

105.4

0.0

Total Financing

373.5

550.7

741.1

904.6

1097.6

Caribbean Development Bank

Investment Sector Loan (IADB) Domestic Financing Government Savings Bonds Debentures

SOURCE: Ministry of Finance

Barbados Economic and Social Report 2009

III. The Barbados Economy

D. MONEY, BANKING AND CAPITAL MARKETS OVERVIEW In 2009, the banking system was somewhat challenged with domestic deposits of commercial banks declining marginally while credit accumulation was severely constrained by the general downturn in productive activity. Notwithstanding this subdued performance in credit and deposits, liquidity in the banking system continued to edge upwards and commercial banks’ holdings of treasury security expanded. The excess liquidity ratio rose from 9.4 per cent at the end of December 2008 to 10.1 per cent at the end of December 2009.

Given the deepening of the global financial and economic crisis, trading activity at the Barbados Stock Exchange fell significantly. Overall market volume fell by 87.0 per cent while market value declined by 91.0 per cent. All of the market indices, local and cross listed, fell during the year.

MONETARY POLICY During the year the Central Bank of Barbados, made a number of announcements on changes to its monetary policy. The main modifications were made to the minimum deposit rate which moved from 4.0 per cent to 2.5 per cent, and the foreign exchange reserve requirement which fell from 6.0 per cent to 2.0

TABLE 3.4-1 Selected Indicators of the Banking System as at December 2004 - 2009 2004

2005

2006

2007R

2008R

2009P

Net International Reserves Monetary Authorities Commercial Banks Other Public Bodies

1916.0 1190.3 556.2 169.5

1783.5 1235.7 371.9 175.9

1858.1 1194.1 497.1 166.9

2464.6 1549.9 699.7 215.0

2044.5 1359.1 392.5 292.9

1928.9 1348.1 295.6 285.2

Net Domestic Assets Credit to Public Sector Central Government (net) Other Public Sector

3137.7 512.2 737.2 (225.0)

3584.6 289.8 559.8 (270.1)

4086.1 339.2 434.9 (95.6)

4341.2 452.1 533.6 (81.5)

5006.5 516.9 732.8 (215.9)

4891.6 590.7 812.5 (221.8)

Credit to Rest of Financial System

234.9

312.9

343.2

482.1

477.9

679.2

Liabilities to other Finance System

394.5

515.0

630.0

925.4

808.8

692.2

Credit to Private Sector

3061.8

3791.8

4292.9

4513.5

5010.9

5070.2

Liabilities to the Private Sector

4884.2

5195.0

5777.1

6588.3

6755.8

6818.5

771.2 398.7 372.4

774.2 448.6 325.6

830.7 465.0 365.7

1111.7 492.1 619.6

1135.6 479.9 655.7

1119.8 482.2 637.6

5253.1 18.4

5838.8 12.7

6297.3 6.6

7344.4 9.0

7607.4 9.4

7572.4 10.1

Monetary Base Currency in circulation Currency held by Banks Memo Items: Domestic Deposits Excess Liquidity Ratio (%)

SOURCE: Central Bank of Barbados

($ M)

Barbados Economic and Social Report 2009

III. The Barbados Economy

per cent. The changes in the deposit rate continued the effort to alleviate the costs of borrowing for business enterprises and in so doing helped to reduce the risk of credit default. While the reduction in the foreign exchange requirement was intended to encourage banks that needed foreign reserves to use their own resources rather than purchase from the Central Bank. This would in effect strengthen the net international reserves position.

COMMERCIAL BANK DEPOSITS10 Total deposits of Commercial banks, including foreign currency deposits, rose by an estimated 2.4 per cent to $9,030.6 million at the end of November 2009. Of this total, domestic deposits stood at $7,557.1 million, a drop of $108.8 million or 1.4 per cent when compared with the corresponding period a year ago. On the other hand, deposits in foreign

TABLE 3.4-2 Changes to Monetary Policy 2009 Period (yy-mm-dd)

Policy Initiative

Minimum rate of interest payable on deposits reduced from 4.0 per cent to 3.0 per cent.

09-02-01

Foreign exchange reserve requirement reduced from 6.0 per cent to 4.0 per cent.

09-07-09

Minimum rate of interest payable on deposits (Minimum Deposit Rate) reduced from 3.0 per cent to 2.5 per cent.

09-08-17

Foreign exchange reserve requirement on deposit-taking financial institutions reduced from 4.0 per cent to 2.0 per cent.

09-10-15

This represents information to the end of November 2009.

Â&#x201E;Â&#x201E;Â&#x201E; 27

Barbados Economic and Social Report 2009

III. The Barbados Economy

At the end of November 2009, total demand deposits stood at $3,016.1 million, a drop of 2.5 per cent compared with $3,122.3 million in 2008. Of this amount, domestic demand deposits stood at $2,038.8 million, representing 67.6 per cent of total demand deposits. Foreign currency demand deposits, which stood at $977.3 million, accounted for 32.4 per cent of the total. Time deposits also fell during the year to $1,971.8 million, down from $2,146.1 million the year before. A major component of time deposits, this being total domestic deposits, stood at $1,477.6 million or 74.9 per cent of the total, while deposits in foreign currency amounted to $494.1 million or 25.1 per cent for the total. Alternatively, the level of saving deposits during the year grew from $3,666.5 million to $4,042.7 million. Total domestic deposits, the major component, represented nearly all of total savings deposits (over 90.0 per cent), while deposits on foreign currency was quite minor.

COMMERCIAL BANK S ECTORAL CREDIT At the end of November 2009, total commercial bank credit stood at an estimated $5,822.9 million, a marginal increase of 3.7 per cent when compared with the $5,617.2 million recorded for the same period in 2008. Credit to the productive sectors was reflective of the downturn in the domestic economy as loans to tourism; manufacturing and agriculture fell by 2.8 per cent, 1.6 per cent and 7.4 per cent respectively. On the other hand, credit to financial institutions grew by 34.6 per cent and to individuals by 3.1 per cent. Interestingly, credit to the construction sector also increased by 4.3 per cent, while the amount borrowed by Government rose by 23.9 per cent. Figure 6 Commercial Bank Sectoral Credit (% of total credit) 2003-2009 60.0 50.0 40.0 Percentage

currency which totaled $1,473.5 million, increased by $321.9 million or 27.9 per cent in contrast to the year before. The fall in domestic deposits was attributed mainly to weaker than usual growth (2.1 per cent as compared with 6.2 per cent the year before) in private individuals deposits, and falls in both financial institutions and business firms deposits by 13.8 per cent and 5.3 per cent respectively.

30.0 20.0 10.0 0.0 2003

2004 Manufacturing

2005

2006

Distribution

2007 Tourism

2008

2009

Personal

TABLE 3.4-3 Commercial Bank Deposits 2004 -- 2009 Type of Deposit

2004

2005

2006

2007

2008R

2009P

Demand

2465.5

2699.4

2670.3

3299.7

3122.8

3016.1

Savings

2633.3

2758.4

3029.6

3411.3

3666.5

4042.7

Time

1036.8

1548.0

1605.4

2345.2

2146.1

1971.8

Total Deposits

6135.7

7005.9

7305.3

9056.4

8935.0

9030.6

SOURCE: Central Bank of Barbados

28 Â&#x201E;Â&#x201E;Â&#x201E;

($ M)

Barbados Economic and Social Report 2009

MONEY SUPPLY At the end of November 2009, the total money supply, which consists of currency with the public and demand deposits (M1), fell by $53.2 million or 1.4 per cent to $3,510.0 million. Currency with the public rose by $14.0 million or approximately 3.0 per cent to $486.2 million while demand deposits fell by 2.2 per cent or $67.2 million. From a wider perspective, Broad money (M2) rose by 2.5 per cent, reflecting a rise in the Quasi money11 component.

BANK REGULATION AND SUPERVISION The Bank Supervision Department continued to operate in a dynamic and challenging environment, which was not spared the effects of the economic and financial crisis, which faced the world economy. The declining condition in the economy placed a strain on the financial sector and resulted in its contraction. At September 30, 2009, total domestic assets contracted by 3.5 per cent to $12,760.0 million while the offshore sector shrunk by 3.7 per cent to $83,170.0 million when compared with the corresponding period 2008. During the period under review, the Department processed an application for a licence under Part II of the Financial Institutions Act (FIA). Four (4) international banking licences were granted under the International Financial Services Act (IFSA), as compared with the 2008 period when three (3) entities were licensed. One (1) other application under IFSA was also processed, while five (5) international banks completed the process of wind-up during the period. The Department continued its vigilance over the financial system through its onsite examination programme, and conducted inspections of four (4) institutions licensed under the RA and two (2) institutions licensed under the IFSA. Additionally, the Department conducted one (1) special inspection and participated in two (2) joint inspections with a domestic and international regulator. The Department also continued to meet with the directors and senior management of both domestic and international banks.

III. The Barbados Economy

The Department entered its second year of risk-based supervision and continued to engage in focused reviews to assess inter alia operational risk and governance structures. The process of documenting risks assessments for licensed financial institutions continued to an advanced stage. Work on the Business Intelligence Solution project intensified during the period under review. This project allows access to more timely and user-friendly data necessary for the attainment of the Department’s goals. The Department’s project team formulated and designed various reporting forms and was engaged in user acceptance testing of the programme. As part of its mandate to promote the safety and soundness of the financial sector, the Department drafted a number of guidelines and consulted with industry on the Internal Capital Adequacy Assessment Process (ICAAP) Guideline, and the Capital Adequacy: Measurement of Operational Risk Guideline and Form. The Department maintained a close relationship with both regional and international bodies involved in the supervision of financial institutions, including the Caribbean Group of Banking Supervisors, the Offshore Group of Banking Supervisors, the Association of Supervisors of Banks of the Americas, the Financial Services Authority of the UK and the Office of the Superintendent of Financial Institutions of Canada. The staff of the Department also participated in various conferences and training courses hosted by these groups.

NON-BANK FINANCIAL INSTITUTIONS CREDIT UNIONS At the end of December 2009, active credit unions remained unchanged at thirty-five (35), when compared with the same period 2008. The total number of membership declined significantly over the period 2008 to 2009. Information from the Registrar of Co-operatives 11

This comprises Time and Savings Deposits.

Barbados Economic and Social Report 2009

III. The Barbados Economy

and Friendly Societies showed that total membership fell from 148,471 persons at the end of 2008 to 129,522 person at the end of 2009, a 12.7 per cent drop. This decline was due to credit unions amending their by-laws to comply with the new requirements of the Co-operatives Societies Act. Total assets at the end of 2009 were valued at $1,312.0 million compared with $1,202.0 million in 2008. The value of loans extended to members rose by 8.1 per cent to reach $1,042.4 million compared with $964.5 million in 2008. Total savings by members rose slightly by 1.2 per cent to $991.0 million as compared with an increase of 5.2 per cent in 2008. Of the components making up member savings regular deposits grew by 8.5 per cent or $49.0 million and term deposits by 34.1 per cent or $62.2 million. The only component to decline was shares, which fell be 80.4 per cent or $176.8 million. This outcome was reflective of a shift away from shares to deposits during the year. Non-member deposits rose from $22.3 million to $24.7 million at the end of 2009 while statutory reserves grew by $8.9 million or 11.0 per cent to $89.5 million at the end of the review period.

INSURANCE INDUSTRY As at December 2009, a total of sixteen (16) new licence applications were made for exempt

(7), holding (1), management (1) and qualifying (7) companies. This is compared with twentyfive (25) in 2008. Of the sixteen (16) applications made, fifteen (15) were approved and licences were granted. At the end of 2009, a total of 476 exempt insurance companies were registered in Barbados, of which 158 were active. Of the total exempt companies registered, 149 were Canadian while 260 were from the USA. Total registration of management companies stood at twenty-six (26) with twenty-five (25) being active. A total of ninety (90) qualifying companies and twenty-two (22) holding companies were registered at the end of 2009. Most of the registered qualifying companies were from the USA.

BARBADOS STOCK EXCHANGE OVERVIEW The year 2009 challenged the Barbados Stock Exchange (BSE). There were declines in all the major market indicators, which was evidence of the continued economic difficulties facing both the domestic and regional economies. Information showed that the overall market volume fell by 87.0 per cent while market value declined by 91.0 per cent. All of the market indices, such as: the regular; odd-lot; putthrough; junior and block trade, fell during the year.

TABLE 3.4-4 Securities Exchange Trading (Selected Markets) 2004 -- 2009 Shares Preferred No.

Put-thrus No.

Total Volume No.

Value ($M)

119,712,512

1,936

198,185

122,267,218

459.1

43,375,646

1,597

662,103

44,696,139

190.1

Year

Common No.

2004 2005 2006

12,842,607

1,123

342,799

643,431,592

2,072.9

2007

155,339,232

25,848,811

162,385,901

597.3

2008

71,880,741

5,912,068

78,516,134

537.5

2009

7,450,244

2,756,141

10,428,654

49.5

SOURCE: Securities Exchange of Barbados

Barbados Economic and Social Report 2009

III. The Barbados Economy

TRADING ACTIVITY REGULAR MARKET The regular market registered declines in volume, value and number of trades of 89.6 per cent, 94.0 per cent and 71.4 per cent, respectively, for 2009. However, if takeover transactions, which occurred in 2008, were

excluded from trading activity then the decline in the regular market trading activity would have 56.0 per cent in volume, 68.0 per cent in terms of value and 49.0 per cent in terms of the total number of transactions. The declines in the local market capitalization of 11.5 per cent, the cross-listed market capitalization – 21.7 per cent, and the composite market capitalization – 14.3 per cent all reflected the difficult trading year experienced by the BSE.

TABLE 3.4-5 Volume of Shares Traded (top five companies) 2008 -- 2009 VOLUME LEADER

2008

Sagicor Financial Corporation

2009

% Change

4,197,934

1,908,547

(54.54)

775,103

1,537,929

98.42

FirstCaribbean International Bank

1,983,580

881,589

-55.56

Banks Holdings Limited

1,567,518

693,601

(55.75)

221,177

693,006

188.91

Cable & Wireless (Barbados) Limited

Insurance Corporation of Barbados Limited SOURCE: Barbados Stock Exchange

TABLE 3.4-6 Index & Market Capitalisation 2008 -- 2009 Index Local Cross-Listed Junior Market Composite

2008

2009

3,632.52 1,892.35 N.A.

3,200.87 1,482.48 N.A.

(11.9) (21.7)

919.86

786.11

(14.5)

Market Capitalisation ($M) Local 9,914,504,612.0 Cross-Listed 3,721,837,977.0 Junior Market N.A. Composite

13,648,868,853

8,779,156,676.0 2,915,874,519.0 N.A. 11,702,257,886

% Change

(11.5) (21.7) (14.3)

SOURCE: Barbados Stock Exchange

Barbados Economic and Social Report 2009

III. The Barbados Economy

Figure 7 Securities Exchange of Barbados 2002 -- 2009 Figure 7 Securities Exchange of Barbados 2002-2009 1800

1,654.0

1600 1400 1200

20 06

20 03

Volume(M)

10.4

78.5

20 08

162.4 2.1

537.5

49.5

20 09

643.4 100.6

20 02

597.3

20 07

44.7

459.1 122.3

200

394.8

20 05

400

130.2

600

20 04

800

514.5

1000

Value($M)

SOURCE: Securities Exchange of Barbados

ODD-LOT AND PUT-THROUGH MARKETS The Odd-lot and the Put-through Markets, which caters to orders of less than 1,000 shares, both fell by 64.0 per cent and 53.0 per cent in volume and by 74.0 per cent and 27.0 per cent in value. In the Odd-lot market volume fell from 578,887 shares to 207,423 while in the Putthrough market volume dropped to 2,756,141 shares from 5,912,068. Out of the companies listed in the Odd-lot market only FirstCaribbean International Bank saw an increase in volume (49.9 per cent) and in value (17.4 per cent).

JUNIOR MARKET For the first three (3) quarters of 2009 there was a decline in activity in the Junior Market. Trading in Sunbeach Communications Inc, the sole company listed in this market, declined by 89.0 per cent in terms of volume and 92.0 per cent in terms of value. There was no trading activity during the fourth quarter due to the planned reorganization of Sunbeach Communication and hence the request to suspend trading in the company’s shares until the process of restructuring was completed.

INDICES AND MARKET CAPITALIZATION There were declines across the board in terms of indices and market capitalization for

2009. Index declines ranged from 11.9 per cent for the local index to 21.7 per cent for the crosslisted index. All five (5) of the securities comprising the cross-listed index fell during the year. Two (2) in particular, Jamaica Money Market Brokers and GraceKennedy Limited suffered the largest declines on the exchange for the year falling by 61.5 per cent and 50.0 per cent, respectively. In both cases these price declines brought the company share price in line with that on the Jamaican Market. Declines were again experienced across the board in the fourth quarter of 2009. The local index suffered the largest decline of 6.1 per cent while the cross-listed index suffered the least loss of 3.7 per cent.

ADVANCERS/DECLINERS For the year under review, three (3) of the twenty-five (25) listed securities advanced, seventeen (17) declined, one (1) remained unchanged, three (3) did not trade and one (1) was suspended. This was compared with 2008 when eight (8) securities advanced, fifteen (15) declined and two (2) remained unchanged. For the second year in succession Cable & Wireless (Barbados) Limited reflected the greatest price appreciation in share price climbing by 3.4 per cent. Light & Power Holdings Limited and Banks Holdings Limited were the other two (2) companies to increase in price marginally appreciating by 0.9 per cent and 0.3 per cent, respectively. Six (6) companies experienced declines in excess of 25.0 per cent for 2009. Jamaica Money Market Brokers Limited suffered the largest decline as the price fell by 61.5 per cent. GraceKennedy Limited, Sunbeach Communications Inc, Fortress Caribbean Property Fund, One Caribbean Media Limited and Insurance Corporation of Barbados were the other companies to experience declines in excess of 25.0 per cent.

Barbados Economic and Social Report 2009

E. EMPLOYMENT, INFLATION LABOUR MARKET

III. The Barbados Economy

AND

EMPLOYMENT There were 128,500 employed persons in Barbados during 2009. This represented a decline of 3,600 persons over the previous year’s record of 132,100 employed persons. On the other hand, there were 14,200 unemployed persons throughout 2009 which increased the annual rate of unemployment for 2009 to 10.0 per cent, 1.9 percentage points higher than the 8.1 per cent recorded in 2008. The unemployment rate for males was 10.1 per cent, 3.2 percentage points more than the figure of 6.9 per cent recorded during 2008. Likewise, the rate for females increased to 9.8 per cent and this represented a 0.3 percentage point increase over the 9.5 per cent unemployment recorded for the same period in 2008. Female unemployment increased to 6,900 persons from 6,600 persons the previous year. Male unemployment stood at approximately 7,400 persons or 2,300 persons more than the 5,100 unemployed in 2008. The total labour force decreased by approximately 1,100 persons during 2009 to 142,700 persons. The composition of the labour force at the end of 2009 was 72,900 males and 69,800 females. The total employed labour force in 2009 was 128,500 persons, comprising 65,500 males and 63,000 females.

The labour force participation rate for the year 2009 was estimated at 67.0 per cent, 0.6 percentage points less than the 67.6 per cent recorded for the same period in 2008. The participation rate for males continued its third consecutive year of decline to 72.3 per cent compared with 73.3 per cent at the end of 2008. Likewise, the participation rate for females decreased 0.63 percentage points from 62.5 per cent in 2008 to 62.2 per cent in 2009. Employment in the Finance, Insurance and Business Services Sector increased from 10,600 persons at the end of 2008 to 11,300 persons at the end of 2009. There were also increases in employment in the Manufacturing Sector which employed 7,400 persons in 2009, compared with 6,700 persons in 2008. Employment in the Agriculture Sector, inclusive of Sugar, also increased by some 300 persons to 4,000 employed in this sector at the end of 2009, while some 1,700 persons were employed in the Electricity, Gas and Water Sector, up 100 persons over the 1,600 persons employed at the end of 2008. At the end of 2009, General Services, Government Services and Wholesale and Retail Trade still remained the major sources of employment, providing approximately 28,100, 26,600 and 18,800 jobs respectively. Employment in the Tourism Sector and the Construction and Quarrying Sector employed 13,300 and 11,500 persons respectively. Employment in the Transport and Communication Sector fell by approximately 400 persons to 5,400 persons at the end of 2009.

34 (‘000)

3.4

3.7

1.0

1.3

1.1

1.2

1.0

0.6

0.4

0.7

0.4

0.3

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009P 0.3

11.5

13.6

15.4

14.5

13.2

13.4

12.3

13.2

14.4

13.9

14.4

12.8

10.3

10.1

12.2

SOURCE : Barbados Statistical Service

3.6

4.3

3.8

4.0

5.3

4.6

4.5

3.6

4.3

4.1

5.2

0.9

1996

3.8

2.5

1995

7.4

6.7

6.2

5.5

7.0

7.6

7.9

9.0

9.3

10.5

10.4

10.8

9.4

14.5

1.7

1.6

2.0

2.3

2.1

1.8

2.6

1.9

2.0

1.9

2.0

1.8

1.5

1.1

18.8

19.0

18.1

16.7

18.5

19.6

19.4

19.2

17.6

18.3

15.9

13.9

20.9

13.3

14.0

13.5

12.9

12.2

14.0

14.2

13.9

14.6

12.5

14.0

12.3

14.4

14.6

5.4

5.8

5.2

4.4

5.7

5.2

4.8

4.7

5.8

5.1

4.6

5.2

4.6

4.5

5.9

11.3

10.6

9.6

9.8

10.8

9.0

10.9

10.5

9.5

7.2

7.7

8.3

8.2

8.4

28.1

30.1

31.7

32.0

29.5

28.9

25.2

21.8

23.3

24.2

23.7

20.2

21.3

23.2

24.2

26.6

26.3

27.1

28.2

27.5

27.9

27.7

26.7

25.1

27.0

25.0

25.6

22.8

24.6

0.3

0.4

0.5

0.2

0.5

0.3

0.2

0.4

0.6

1.2

4.3

128.5

132.1

133.1

131.0

132.6

132.0

129.5

128.6

130.9

129.0

125.2

121.7

117.7

115.8

136.8

Other Agri- ConstrucElectricity Wholesale Transport culture/ and Retail Manufac- Gas & tion & & Communi- Financial General Government Not Stated Total Services Services Services Water Trade Year Sugar Fishing Quarrying turing Tourism cation

TABLE 3.5-1 Employment by Major Industrial Division 1995 -- 2009

Barbados Economic and Social Report 2009 III. The Barbados Economy

Barbados Economic and Social Report 2009

III. The Barbados Economy

The distribution of employed persons in the labour force among the different age groups at the end of the year showed that the 15-19 age grouping fell by 400 persons to record 3,000 persons employed in this age range. The number of employed persons in the 20-44 age grouping fell to 68,600 persons at the end of 2009 from 73,000 persons the previous year. This age group represented an estimated 53.4 per cent of the employed labour force. The 45-64 age grouping consisted of 53,100 persons or 41.4 per cent of the employed labour force, up from the 52,500 persons, or 39.7 per cent of the employed labour force the previous year. There were 3,600 persons aged 65 and over in the employed labour force, up from 3,200 the previous year.

increase of $30.0 million over the $368.8 million paid out in 2008. At December 31, 2009 the Fund balance stood at $3.2 billion an increase of $380.1 million over the $22.8 billion recorded at December 31, 2008.

The number of persons not actively seeking work and therefore not included in the labour force increased 2.1 per cent during 2009 to 70,400 persons. The number of inactive females was 42,500 persons, up by 500 persons over 2008, and inactive males stood at 27,900 up from 26,300 persons at the end of 2008.

The Severance Payment Scheme received 243 employee claims for rebates in 2009, some 42 claims more than in the previous year. Nine (9) of those claims were disallowed (this includes those brought forward), with payments amounting to $2.3 million. This represented a 3.0 per cent decrease in payments made over the previous year.

Retired persons accounted for 36,700 persons up 3.3 per cent from the 35,500 persons recorded in 2008. Retired females stood at 21,600 persons up from 20,300, while there were 15,200 retired males, up from 15,100 retired males recorded at the end of 2008. There were 14,800 persons at school in 2009 and this was down from 15,200 persons the previous year. By gender, persons attending school comprised 8,400 females and 7,000 males. A total 9,600 persons were responsible for “keeping house” of which females accounted for 8,400 persons and males 1,200 persons. The number of incapacitated persons increased by 1,000 persons in 2009 and was estimated at 4,300 at the end of the year.

NATIONAL INSURANCE SCHEME During 2009, contributions to the National Insurance Fund increased some $4.9 million to $532.9 million. This represented a 0.9 per cent increase over the $527.9 million contributed in 2008. The Fund paid out a total of $398.8 million, an

There were 16,866 unemployment claims received in 2009. This represented a 30.2 per cent increase over the 12,944 claims made in 2008. The National Insurance Scheme approved a total of 15,371 claims (inclusive of those brought forward), 3,630 claims more than in 2008. There were 1,125 disallowed claims compared with 1,148 in 2008. The level of benefit payments increased by $11.6 million to $43.9 million compared with payments of $32.2 million in 2008.

In 2009, there were 266 claims allowed for employer payments (including those brought forward), compared with the 135 allowed the previous year. Payments under this scheme increased by $1.2 million to reach $2.3 million compared with $1.0 million at the end of 2008. Total contributions to the Severance Fund however declined by 1.8 per cent in 2009 and stood at $9.7 million.

INFLATION At the end of December 2009, the average rate of inflation was estimated at 3.7 per cent compared with 8.0 per cent at the end of 2008. The index of Retail Prices at December 2009 registered increases in food, alcoholic beverages, housing, household operations and supplies, clothing and footwear and medical and personal care when compared with the previous year. While the index also showed declines in the price levels for fuel and light and education, 35

Barbados Economic and Social Report 2009

III. The Barbados Economy

employment services to the general public such as job screening, placements, career guidance and counselling services to students, jobseekers and career planners. Local registration declined again during the year to 638 registrations from 713 in 2008. There were 201 males and 437 females registering for job placements during the year.

recreation and miscellaneous commodities, overall, the all items index showed a 4.8 percentage point increase over 2008 moving from 130.3 to 135.1 at the end of 2009. Figure 8 Inflation 1997 -- 2009 8

6.1

Percent

7.3

7.7

4 2.5

4.3

2.8

By the end of the reporting period there were 215 persons placed by the NEB some sixtyeight (68) persons fewer than in 2008. The majority of these local placements were in Elementary occupations, which accounted for 38.1 per cent or eighty-two (82) placements. Sixty-eight (68) persons were placed in service areas for shops and markets while thirty (30) persons were placed in clerical occupations. Nine (9) placements were made in the high skilled occupations of Technicians and Associate Professionals while thirteen (13) persons were placed in occupations as plant and machine operators and assemblers.

3.7

1.6

1.5 0.2

1.4

0 -1.2

19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09

-2

SOURCE: Central Bank of Barbados

NATIONAL EMPLOYMENT BUREAU (NEB) During 2009, the National Employment Bureau continued to deliver a number of

TABLE 3.5-2 Local Placement by Occupational Group 2004 -- 2009 Local Placement by Occupational Group

2004

2005

2006

2007

2008

2009

Legislators, Senior Officials and Managers

Professionals

Technicians and Associate Professionals

Clerks

Service Workers, Shop and Market Sales Workers

Skilled Agricultural Fishery Workers

Craft & Related Workers

Plant and Machine Operators and Assemblers

Elementary Occupations

162

172

114

118

Total

329

350

167

232

283

215

SOURCE: Ministry of Labour and the Civil Service

Barbados Economic and Social Report 2009

III. The Barbados Economy

With respect to grievances during 2009, there was a slight increase in grievances during the year which grew from 1,647 in 2008 to a total of 1,669 grievances reported during 2009. The majority of these grievances were in the categories of wrongful dismissals, lay-offs, wages and severances.

There were 286 persons who registered for overseas placement during the year compared with 408 in 2008. One hundred and seventytwo (172) persons were placed in the Canadian Farm Workers’ Programme, sixty-three (63) in the US Hotel industry and twenty-five (25) in the Canadian hotel industry.

TABLE 3.5-3 Overseas Placement Programmes 2004 -- 2009

Overseas Placement Programmes

Number of Placements 2004

Canadian Farm Labour Programme

2005

2006

2007

2008

2009

428

375

306

Canadian Hotel Programme

173

248

162

US H2b Hotel Programme

121

477

391

408

Cruise Lines Total

517

492

286

SOURCE: Ministry of Labour and the Civil Service

INDUSTRIAL RELATIONS With respect to occupational safety and health standards, the Labour Department continued its responsibility in addressing a number of the complaints and concerns during the year. The number of formal grievances received by the Labour Department continued to increase during the year moving from 1,647 complaints the previous year to 7,401 complaints at the end of 2009. There were 586 shop inspections conducted, 225 employer visits and 20,017 telephone queries made during the year. Finally, thirty-nine (39) employers were prosecuted as a result of investigations conducted.

TABLE 3.5-4 Grievances by Category 2005 -- 2009 Reason for Grievance(s)

2005 2006

2007

2008 2009

Dismissals

829

880

613

659 627

Conditions of Employment

151

395

152

145

Lay-offs

157

239

44 158

Miscellaneous

475

243

304

417 403

Resignations

116

170

125

132

Suspensions

234

125

138

Redundancy

Severance

2124 2088

1458

Wages

The Labour Department also provided conciliatory services in industrial disputes and grievances. The number of industrial disputes increased in 2009 from eleven (11) disputes at the end of 2008 to twenty-nine (29) at the end of 2009. The number of work stoppages increased from seventeen (17) in 2008 to twentyfour (24) at the end of the reporting year.

Total

150 126 64

3 111 1647 1669

SOURCE: Ministry of Labour and the Civil Service

Barbados Economic and Social Report 2009

III. The Barbados Economy

TABLE 3.5-5 Work Stoppages by Economic Activity 2005 -- 2009 No. of Work Stoppages Economic Activity

2005

2006

2007

2008

2009

Agriculture, Forestry and Fishing

Mining and Quarrying

Electricity, Gas and Water

Construction

Manufacturing

Wholesale and Retail Trade

Transport, Storage and Communications

Finance, Insurance and Business Services

Community, Social and Personal Services

Total

SOURCE: Ministry of Labour and the Civil Service

LABOUR/FACTORY INSPECTORATE Under the management of the Labour Department, the Factory Inspectorate monitored occupational safety and health conditions at places of employment. In 2009, the Factory Inspectorate conducted 420 routine inspections, 381 fewer inspections than the 801 conducted in 2008. The number of industrial accidents continued to decrease in 2009 falling from 726 accidents the previous year to 672 accidents at the end of the reporting period. Fifty-one (51) factory accidents were investigated along with twenty-three (23) non factory accidents. Seventy-four (74) complaints were investigated while there were ninety (90) accident continuations. For the year, there were two (2) reported fatalities.

TABLE 3.5-6 Factory Inspectorate Category Industrial Accidents Reported Fatalities

Year 2009 672 2

Number of Visits by Inspector

420

Number of Quarries Registered

SOURCE: Ministry of Labour and the Civil Service

Barbados Economic and Social Report 2009

III. The Barbados Economy

Table 3.5-7 Activities of the Occupational Safety and Health Section Category

2009

New Registrations

Routine Inspections

420

Routine Follow-up

Surveys

Survey Follow-up

Quarry Inspection

Quarry Follow-up

Factory Accident(s) Investigated

Non-Factory Accident(s) Investigated

Accident Continuation

Complaints Investigated

Advisory Visit

Incident Investigation

Follow up visit complaint/advisory incident

Seminars Conducted

124

Seminars Attended

Reports

Meeting Attended

211

Technical Document

Educational Material

Court Hearing

Other Visits Total

233 1522

SOURCE: Ministry of Labour and the Civil Service

Barbados Economic and Social Report 2009

III. The Barbados Economy

NATIONAL PRODUCTIVITY INDICATORS For the seventh consecutive year, The Productivity Council produced national productivity indicators for Barbados. The Macro-Productivity Indicators Project 2009 was conducted in two parts – the first used National Accounts Statistics to produce an annual national productivity growth indicator, while the National Survey of Productivity was employed in the second component to compute productivity statistics for five sectors of the economy – Accommodation, Construction, Distribution, Finance and Manufacturing.

manufacturing (3.7 per cent). The financial services sector recorded a contraction of 9.4 per cent.

ABSENTEEISM The highest absenteeism rate recorded for any of the five (5) sectors surveyed in the 2009 National Survey of Productivity was 5.7 in the accommodation sector. Conversely, the lowest rate was registered in the construction industry (1.3), closely followed by the financial services sector (1.6). TABLE 3.5-8 Absenteeism Rate 2006 -- 2008

NATIONAL PRODUCTIVITY GROWTH Using national accounts statistics, nongovernment productivity grew by 1.8 percent in 2008 down from 2.1 per cent in 2007 as shown in Figure 8.

Industry

2006

2007

2008

Accommodation

7.1

7.9

5.7

Construction

n/a

1.3

Distribution

7.1

9.4

3.7

Financial Services

4.2

1.6

Manufacturing

7.9

8.7

3.4

Figure 9 Macro-Productivity Growth (% Change) Figure 9 Macro-Productivity Growth (per cent change) 1997-2008 4.0 3.0

2.9

3.2

2.9

2.9 2.1

2.0

2.1

1.8

1.4

1.0 0.1

0.0 -0.7

-1.0 -2.0

-2.8

-3.0

20 08

20 07

20 06

20 05

20 04

20 03

20 02

20 00

19 99

19 98

19 97

20 01

-3.6

-4.0

Computed from: Hours Worked for the Labour Force Survey and Real GDP. Sources: Barbados Statistical Services and Central Bank of Barbados.

SECTORAL PRODUCTIVITY INDICES PRODUCTIVITY Five (5) sectors participated in the National Survey of Productivity exercise in 2009, and of these, four (4) registered positive rates of growth – distribution (7.6 per cent), accommodation (7.2 per cent), construction (6.4 per cent) and

PRODUCTIVITY STATISTICS BY SELECTED SECTORS 1. ACCOMMODATION ESTABLISHMENTS Labour productivity growth in the accommodation sector of Barbados’ economy expanded by 7.2 per cent in 2008 despite a contraction in the apartment hotel sub-sector of 2.9 per cent. This increase registered in the overall industry was buoyed by the rise in labour productivity within the guest houses and hotel sub-sectors (5.6 per cent and 6.0 per cent, respectively). The output per employee measure rose by 10.2 per cent, once again fuelled by guest houses and hotels. In this sector, the unit labour cost was calculated at 18.0 per cent.

Barbados Economic and Social Report 2009

2. CONSTRUCTION COMPANIES For the construction industry, labour productivity rose by 6.4 per cent, while output per employee increased by 5.8 per cent and the unit labour cost ratio was calculated at 20.0 per cent.

3. DISTRIBUTION ESTABLISHMENTS Of the five sectors participating in the National Survey of Productivity, the wholesale and retail trade sector reported the largest increase of 2008. This expansion was driven primarily by supermarkets (49.9 per cent), cooling systems (13.1 per cent), house and hardware supplies (12.2 per cent) and health care supplies (11.5 per cent). Despite these significant rises, contractions were registered for safety supplies (23. 5 per cent), wholesale and commission trade (5.9 per cent), meat processors (4.8 per cent), other (2.7 per cent) and office technology (0.4 per cent). Output per employee for the sector was slower than the sector’s recorded labour productivity change. Unit labour costs ranged from 10.0 per cent in the other retail sub-sector to 36 .0 per cent for all establishments.

4. FINANCIAL SERVICES Productivity in the financial services institutions exhibited a contraction in 2008 of 9.4 per cent, similarly for the output per employee index (2.6 per cent). The decline in labour productivity was mainly as a result of fall-offs in the finance and trust and credit union sub-sectors of 21.3 per cent and 5.1 per cent,

III. The Barbados Economy

respectively. The same result was reached with regards to the output per employee index; contractions of 23.8 per cent in the finance and trust sub-sector and 8.6 per cent in the credit unions outweighed expansions in the other sub-sectors.

5. MANUFACTURING ESTABLISHMENTS The manufacturing industry recorded a small increase overall, in spite of considerable expansions in some sub-sectors: cement and concrete (17.0 per cent), rubber and plastic products (16.7 per cent), food (15.3 per cent), non-metallic mineral products (11.7 per cent) and food, beverage and tobacco (8.3 per cent). The largest reduction recorded was in the confectionery and snack sub-sector (16.2 per cent), paints and finishes (6.8 per cent) and beverages (6.1 per cent). With respect to output per employee, the manufacturing sector registered a slight expansion of 1.8 per cent. The highest positive output per employee change within the sub-sectors was in the cement and concrete group (24.8 per cent) and the highest decline was in the drapery subsector (37.5 per cent). Unit labour cost for this particular sector was the highest for the five sectors involved in the exercise (30 per cent); the sub-sector with the largest overall unit labour cost was printing and publishing (50 per cent). The above productivity measures allow us to place greater focus on non-financial measures as we strive for continuous improvement to enhance our national competitiveness.

Barbados Economic and Social Report 2009

III. The Barbados Economy

Table 3.5-9 Labour Productivity Growth in Selected Industries in 2003-2008 (% Change) 2003

2004

2005

2006

2007

2008

All Establishments Guest Houses Apartments Apartment Hotels Hotels Construction

-5.9 n/a n/a n/a n/a

29.8 -28.0 8.2 0.9 30.2

18.6 27.3 -14.0 32.9 18.7

0.0 -3.3 -0.1

-2.2 -1.0 6.8 1.0 -2.2

7.2 5.6 0.6 -2.9 6.0

All Establishments Financial Services

n/a

6.4

All Establishments Commercial Banks Finance and Trust Credit Unions Insurance Manufacturing All Establishments Food, Beverage & Tobacco Food Beverages Confectionery & Snacks Bakeries Non-Metallic Mineral Products Cement & Concrete Paint & Finishes Rubber & Plastic Products Chemicals Clothing & Textile Clothing Drapery Textiles Publishing & Printing Mining & Quarrying Furniture Other Distribution All Establishments Car Dealerships Gas Stations Wholesale & Commission Trade Retail Meat Processors Supermarkets Health Care Supplies Auto Supplies House & Hardware Supplies Books & Stationery Cooling Systems Office Technology Safety Supplies Other

5.5 2.5 7.7 19.6 n/a

4.1 5.3 -4.0 19.5 n/a

0.3 -4.4 10.3 -1.4 n/a

5.3 4.1 1.4 8.9 n/a

0.5 2.0 7.6 9.3 n/a

-9.4 9.9 -21.0 -5.1 14.2

10.6 15.0 n/a n/a

31.5 39.8 n/a n/a

5.0 -3.5 n/a n/a

-1.2 -2.8 n/a n/a

-0.9 1.3 2.2 13.3

3.7 8.3 15.3 -6.1

n/a n/a

n/a -1.5

-16.0 2.3

-6.2 n/a n/a n/a 1.0 n/a n/a

64.3 n/a n/a 15.1 5.6 -2.6 n/a

-11.0 n/a n/a 19.8 23.2 11.6 n/a

-0.2 n/a n/a 7.9 -1.9 n/a n/a

n/a n/a n/a n/a 21.3

n/a 2.5 18.3 -15.0 19.8

n/a 7.8 13.3 47.0 17.0

n/a 0.7 n/a 4.5 0.6

-4.2 -10.0 13.3 0.0 7.9 n/a -11 -3.4 n/a 5.6 11.9 -12 1.2

11.7 17.0 -6.8 16.7 n/a 3.3 n/a 4.4 5.5 4.2 n/a 5.5 2.0

10.7

3.7

0.4

-1.5

7.9

7.3

6.4

-7.3

3.7 5.7 -3.9

7.6 8.1 n/a

6.2 8.2 n/a n/a n/a n/a

-11.0 12.7 n/a n/a n/a n/a

15.7 -9.5 n/a n/a n/a n/a

-2.1 -4.3 n/a n/a n/a n/a

10.4 7.2 n/a 9.9 4.4 5.9

-5.9 -4.8 49.9 11.5 0.3

n/a n/a n/a n/a n/a n/a

5.6 8.0 n/a n/a n/a 9.9

12.2 7.8 13.1 -0.4 -24.0 -2.7

Accommodation

SOURCE: National Productivity Council

Barbados Economic and Social Report 2009

III. The Barbados Economy

F. PUBLIC SECTOR INVESTMENT PROGRAMME (PSIP)

G. OFFICIAL DEVELOPMENT ASSISTANCE

During 2009, Government’s Public Sector Investment Programme (PSIP) continued in earnest despite the current economic environment. The main capital works over the period April to December 2009, was concentrated in the areas of infrastructure, roads, education and environment. Three major projects were completed during the review period. These included:

ORGANISTION OF AMERICAN STATES (OAS) The Organisation of American States (OAS) continued its development activities, within the areas of projects and human resource development, during 2009. Project activity saw both the start and continuation of FEMCIDI12 funded projects such as:

I. NEW JUDICAL CENTRE The new Judicial Centre was completed in October/November 2009. The project was funded as a Private Finance Initiative/Public Private Partnership (PFI/PPP). The furnishing and the provision of Information Technology for the Centre was financed by the Government of Barbados.

•

The assessment of the Effects of Drainage Wells and Karst Sinkholes on the Groundwater Quality of Barbados, which is a three (3) year project, started in 2009 at a cost of US $118,700.

•

The flexible continuing and professional education project is a suite of continuing and professional education programmes to build human resource capacity. This three (3) year project, whose first year extended until December 2009, cost US $189,800.

•

The ReefFix project is an Integrated Coastal Zone Management (ICZM) Coral Reef Restoration, Watershed Management and Capacity Building Demonstration programme for the Caribbean from which Barbados will benefit.

II. COASTAL INFRASTRUCTURE PROGRAMME At the end of 2009, three (3) major projects were completed, these were: the Welches Beach Improvement Project, the Rockley to Coconut Court Waterfront Improvement Project and the Holetown Beach Improvement Project. The Coastal programme would have benefited from IDB funding valued at $34.0 million.

III. NEW POLICE STATION AT CRAB HILL At the end of 2009, the construction of a new Police Station, in Crab Hill St. Lucy, was completed at an approximate cost of $3.3 million.

During 2009, the OAS engaged in a number of meetings; chief among them was the gathering of the Steering Committee of the

This is the Special Multilateral Fund for grant asistance to technical cooperation projects.

Barbados Economic and Social Report 2009

Association of Caribbean Electoral Officials. It also engaged in and awarded a number of scholarships to eight (8) Barbadians at the graduate (7) and undergraduate (1) level, at a total cost of US$93,863.1. Further, three (3) professional development awards were given at a cost of US$3,170.

UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP) POVERTY AND SOCIAL IMPACT ASSESSMENTS (PSIA) During 2009, Barbados was one (1) of seven (7) countries (including the OECS) covered in a Poverty and Social Impact Assessment (PSIA) which seeked to determine the impact of the economic crisis. The value added output of this exercise included -- building of awareness and enhanced understanding of the PSIA; enhanced local capacity for PSIA; identification of the varied impact on men and women; the design of protective measures; and sustainable options for income generation for households.

GENDER FOR DEVELOPMENT PLANNING The Poverty Reduction, Disaster Risk Reduction and Environment Units collaborated with the University of the West Indies (UWI) -- Cave Hill to design and deliver courses on Gender and Climate Change and Gender and Disaster Risk Reduction in an effort to build national and regional capacity in these areas.

BUILDING CAPACITY FOR EVIDENCEBASED PLANNING Through the Support to Poverty Assessment and Reduction in the Caribbean (SPARC) programme, several capacity building workshops on the collection and use of social data for advocacy and evidence-based decisionmaking were held. Representatives of the Government of Barbados were trained to build skills for the development/strengthening of a Country Tailored Monitoring System. This included a clear gender perspective. One of the 44

III. The Barbados Economy

key outputs in 2009 was a draft comprehensive Toolkit for Poverty and Millenium Development Goals (MDG) monitoring in the Caribbean.

DISASTER RISK REDUCTION Under the chairmanship of the UN Resident Coordinator, the Eastern Caribbean Donor Group for Disaster Management (ECDG/ DM) continued to support enhanced and refined operation plans and standard operating procedures regarding preparation and response to the realization of a disaster in Barbados and the OECS. This process provided a clear and predictable context for support to Barbados in the event of a disaster.

ENERGY AND ENVIRONMENT UNDP Barbados and the OECS facilitated the participation of several key regional stakeholders in the UNFCCC negotiation process in December 2009 in Copenhagen, including the Caribbean Climate Change Centre (CCCCC) and CARICOM. At Copenhagen, the UNDP-CARICOM side event was used to present Caribbean and other world leaders with the results of climate change impact scenarios. These scenarios were modelled by the CARIBSAVE Partnership (University of OxfordCCCCC) under the DFID-supported “Copenhagen and Beyond: Capacity building for CARICOM policy makers involved in climate change negotiations” project. Barbados was among the various countries studied, and the results projected potential impacts on agriculture, coral reefs, water resources and sea level rise based on temperature increases of 1.5°C and 2°C. A second phase of this study will take a more detailed look at the economic value of damages and losses due to climate change.

YOUTH DEVELOPMENT In 2009, UNDP Subregional Office for Barbados and the OECS (SRO), with Government of Italy funding, developed a programme of youth development support designed to strengthen the capacities, competencies, and entrepreneurial skills of the

Barbados Economic and Social Report 2009

youth through innovative assistance inputs. During the review period, the UNDP SRO supported activities from the Barbados Youth Business Trust (BYBT), the Barbados Cadet Corps, youth to participate in the University Presidential Inaugural Conference (UPIC), and the Rotary Youth Leadership Awards (RYLA). This support was provided amongst other civil society organizations and non-governmental organizations in Barbados.

GLOBAL ENVIRONMENT FACILITY SMALL GRANTS PROGRMME (GEF/SGP) During 2009, the Global Environment Facility Small Grants Programme (GEF/SGP) funded a total of six (6) projects, accounting for a total investment of US$285,582. Of that amount, the GEF/SGP contributed US$180,293 in cash which attracted co-funding of US$41,430 in cash and US$63,859 in-kind. Major programme outputs and activities during the year included the following:

•

Barbados’ carbon footprint reduced through the proven viability of biodiesel production from used vegetable oil and its sale to motorists.

•

Pioneering work in the area of aquaponics which will assist in improving food security and quality in Barbados.

•

Pioneering work in demonstrating the strong linkage between diabetes and sustainable management of land and livelihoods.

•

Pioneering work on recycling electronic waste which will protect the natural environment from Persistent Organic Pollutants (POPs) while creating sustainable employment.

III. The Barbados Economy

•

Promotion of coastal resource management in the Oistins area.

•

Work on the genetic makeup of the Barbados Black belly sheep.

EUROPEAN UNION (EU) During 2009, Barbados enjoyed a cordial and satisfying relationship with the European Union. In July of the review period, the Government of Barbados signed the Annual Action Programme 2008 “Accompanying Measures for Sugar” which gave support to the International Business and Financial Services Sector. The total amount allocated to this programme was approximately Euro 10.1 million of which a maximum of Euro 9.5 million or BDS $28. 3 million is for Sector Budget Support. In addition, the European Union also provided grant funding for a number of projects for which contracts were signed in December 2009. The projects are: (i) Provision of Technical Assistance for on-line access to Public Services in the amount of Euro 148,300 or approximately BDS $442,467 (ii) Provision of IT Supplies in the amount of Euro 118,640 or approximately BDS $353,976 (iii) Technical assistance for the Institutional Review of the Barbados Sugar Industry in the amount of Euro 1.2 million or approximately BDS $3.6 million; (iv) Technical Assistance for the Development of Accredited and Professional Training in the Financial Services Sector, in the amount of Euro 456,000 or approximately BDS $1.4 million. Further, planning continued during the period for the 10th European Development Fund (EDF) in the amount of Euro 21.8 million or approximately BDS $64.0 million through sector budget support. The specific objective of the 10th EDF is to strengthen skills and improve employability of Barbadians in order to reduce vulnerability among youth and to improve overall productivity.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

IV. SECTORAL PERFORMANCE A. AGRICULTURE AND FISHERIES OVERVIEW Within the Traded Sector the contribution of sugar, and non-sugar agriculture and fishing to Real Gross Domestic Product (RGDP) stood at $13.7 million and $36.3 million respectively. The contribution of sugar reflected a 1.2 per cent increase from the previous year. Non-sugar agriculture and fishing increased by $0.6 million or 1.7 per cent from the $35.7 million recorded in 2008.

SUGAR

The total incidence of cane fires recorded in 2009 was fifty (50), a reduction of nine (9) over the 2008 figure. The amount of burnt canes recorded at the BAMC was 6.0 thousand tonnes and at the Independent Plantations was 8.0 thousand tonnes.

Sugar production increased by 5.4 per cent or 1.7 thousand tonnes to 33.3 thousand tonnes in 2009. Total acreage of sugar canes harvested was 14.4 thousand acres, down by 0.2 thousand acres from the previous year. The annual harvest produced 356.7 thousand tonnes of canes, 46.0 thousand tonnes more than the previous year, with 210.0 thousand tonnes going to Andrews factory and 146.7 thousand tonnes to Portvale factory.

Export earnings from the European market in 2009 decreased by $4.3 million or 9.5 per cent to $40.8 million. The export price yielded $1,344.8 per tonne in 2009 when compared with $1,622.6 per tonne in 2008 because of the exchange rate fluctuation of the US dollar against the Euro. The cost of production was noticeably lower in 2009 at $2,832.8 per tonne when compared with the 2008 figure of $ 3,043.6 per tonne.

Independent Plantations and Barbados Agricultural Management Company (BAMC) estates once again harvested the most canes in 2009, 213.9 thousand tonnes and 140.0 thousand tonnes, respectively. Small farmers harvested 2.8 thousand tonnes, an increase of 0.2 thousand tonnes or 7.1 per cent from the 2008 figure of 2.6 thousand tonnes. This reflected an overall increase in the sugar yield of 46.0 thousand tonnes of canes or 14.8 per cent harvested in 2009, over the 2008 figure of 310.7 thousand tonnes. Molasses production increased by 14.7 per cent or 1.6 thousand tonnes to 12.5 thousand tonnes compared with the 2008 figure of 10.9 thousand tonnes.

Recovery of sugar from canes declined in 2009. The conversion ratio (TC/TS ratio), which reflects the total tonnes of canes used to produce a tonne of sugar, increased in 2009 by 0.9 thousand tonnes of canes compared with 9.8 thousand tonnes of canes the previous year.

The total acreage of sugar canes harvested in 2009 was 14.4 thousand acres, a decrease of 0.2 thousand acres or 1.4 per cent compared with the 2008 figure of 14.6 thousand acres. There were reductions in the number of acres harvested by the Independent Plantations which accounted for 8.7 thousand acres and BAMC estates 5.5 46

thousand acres, while the amount harvested by Small Farmers was 0.1 thousand acres, the same as the previous year. The overall total metric tonnes of sugar shipped to the European Union in 2009 was 30.3 thousand metric tonnes compared with 27.8 thousand metric tonnes in 2008, an increase of 9.1 per cent.

NON-SUGAR AGRICULTURE VEGETABLE PRODUCTION13 The overall vegetable production for 2009 increased by 374.9 thousand kilogrammes or 9.7 per cent over the revised figure of 3,861.0 thousand kilogrammes recorded in 2008. Included in this increased figure was the production of 1,119.7 thousand kilogrammes of cucumber, 718.5 thousand kilogrammes of 13 The methodology for the formulation of the vegetable production figures for Agriculture has changed and these figures for 2009 are therefore provisional since the process is under continuous modification for more accurate production figures.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

VEGETABLE IMPORTS

Figure 10 Sugar Exports 1998-2009 Figure 10 Sugar Exports 1998-2009 58.0 56.0

54 .8

54.0 52.0 50.0

50 .5

4 8 .9

Tonnes

48.0 46.0

4 6 .7

44.0 42.0

3 9 .5

40.0 38.0 36.0

3 4 .6

33.8

34.0

3 2 .9

32.0

1998

1999

2000

2001

2002

2003

2004

2005

3 3 .3

32.8 3 2 .4

3 1. 6

30.0 2006

2007

2008

2009

Years

SOURCE: Barbados Agricultural Management Corporation

tomatoes and 572.1 thousand kilogrammes of lettuce. The production of tomatoes, cabbage, carrots, okras, and pumpkins all decreased during 2009. Substantial decreases in production were registered for cabbage by 49.1 per cent; okras by 423 per cent, pumpkins by 23.3 per cent; carrots by 21.6 per cent; and tomatoes by 11.9 per cent, in comparison with their 2008 figures. The overall increase in vegetable production was as a result of more favourable weather conditions throughout 2009.

Total vegetable imports for the year 2009 increased by 777.4 thousand kilogrammes or 32.0 per cent from the 2,430.1 thousand kilogrammes in 2008. The main vegetable imports for the review period were carrots (898.7 thousand kilogrammes), pumpkins (673.1 thousand kilogrammes), melons (473.2 thousand kilogrammes), lettuce (470.5 thousand kilogrammes) and cabbage (426.2 thousand kilogrammes). There was an increase of 453.8 thousand kilogrammes or 102.0 per cent in the importation of carrots when compared with the 2008 figure. The imports of lettuce (470.5 thousand kilogrammes) and cucumbers (45.5 thousand kilogrammes) increased by 54.1 per cent and 364.3 per cent respectively, while tomatoes (91.9 thousand kilogrammes) decreased during 2009 when compared with 2008. Pumpkin imports increased by 124.5 thousand kilogrammes to 673.1 thousand kilogrammes during 2009. Beet imports for the review period totalled 22.9 thousand kilogrammes.

TABLE 4.1-1 Vegetable Production (’000 kgs) 2003 - 2009 Year

2004

2005

2006

2007

505.3

243.6

343.0

370.7

252.0

Beets

155.1

218.4

98.9

92.4

109.8

29.0

52.0

79.3

Cabbage

640.0

432.3

405.3

641.9

253.5

437.5

254.3

-49.1

Beans (String)

2008R

% Change 2009P Over 2008

2003

167.8

170.3

1.5

Carrots

1 011.5

826.8

467.2

317.7

305.4

252.8

198.1

-21.6

Cucumbers

2 018.1

1 361.9

1 388.1

1 324.2

1 450.0

811.6

1 119.70

38.0

Lettuce

278.9

316.5

285.3

438.9

417.5

143.6

572.1

298.4

Melons

342.8

375.5

379.5

309.6

477.4

185.1

243.1

31.3

Okras Peppers (Hot)

1 466.1

569.7

495.0

525.2

658.1

423.6

244.6

-42.3

639.9

323.1

114.1

136.5

114.2

124.4

178.1

43.2

Peppers (Sweet) 1 264.2

548.5

574.9

477.5

419.5

220.9

293.9

33.0

Pumpkins

446.3

291.3

204.3

120.9

159.5

249.3

191.2

-23.3

Tomatoes

1 233.7

837.4

987.3

1 040.6

1 224.2

815.4

718.5

-11.9

SOURCE: Statistical Services Department/Ministry of Agriculture and Rural Development

Barbados Economic and Social Report 2009

IV. Sectoral Performance

LIVESTOCK AND DAIRY PRODUCTS PRODUCTION There was an increase in chicken (poultry), pork and egg production during 2009. Chicken production increased by 65.4 thousand kilogrammes or 0.4 per cent when compared with 14,627.4 thousand kilogrammes in 2008. Egg production was estimated at 2,002.2 thousand kilogrammes, an increase of 99.7 thousand kilogrammes or 5.2 per cent over the 2008 figure when 1,902.5 thousand kilogrammes were produced. Pork production recorded 2,746.7 thousand kilogrammes, an increase of 109.9 thousand kilogrammes or 4.2 per cent over the

2008 production of 2,636.8 thousand kilogrammes. Mutton production increased in 2009 to 89.3 thousand kilogrammes or by 4.9 per cent when compared with the 85.1 thousand kilogrammes recorded for 2008. Beef production increased by 6.4 thousand kilogrammes. This reflected a turnaround in the demand for local beef. Veal output increased significantly by 15.3 per cent to record 9.6 thousand kilogrammes in 2009 when compared with 8.3 thousand kilogrammes in 2008. During 2009, milk production increased to 7,013.5 thousand kilogrammes from the 6,694.4 thousand kilogrammes recorded in 2008. This represented an increase of 4.8 per cent for the year under review.

TABLE 4.1-2 Vegetable Imports (’000 kgs) 2003– 2009 Year

2003

2004

2005

2006

2007

2008R

2009

Beans

150

188

0.04

0.13

0.17

0.12

0.11

-8.30

Beets

7 461

18 442

28.90

13 30

15.20

20.6

22.9

11.20

Cabbage

349 528

437 620

471.44

390.1

441.40

416.5

426.2

2.30

Carrots

381 449

411 587

443.65

433 50

409.33

444.9

898.7

102.00

40 458

88 658

59.06

3 .40

32.70

9.8

45.5

364.30

Lettuce

198 521

177 491

236.7

247.30

254.20

305.3

470.5

54.10

Melons

318 949

577 734

528.59

420 90

575.60

445.4

473.2

6.20

0.01

0.04

0.01

0.0

-100.00

5 446

3 591

11.17

5. 90

10.90

23 .0

2.7

65 494

135 982

277.16

68 90

44.20

77.3

102.7

32.90

Pumpkins

257 909

289 744

375.20

511 00

482.40

548.6

673.1

22.70

Tomatoes

106 927

249 021

316.18

144 30

154.00

138.6

91.90

-33.70

Cucumbers

Okras Peppers (Hot) Peppers (Sweet)

SOURCE: Statistical Services Department/Ministry of Agriculture and Rural Development

% Over 2008

-88.30

Barbados Economic and Social Report 2009

LIVESTOCK IMPORTS

AND

IV. Sectoral Performance

DAIRY PRODUCT

cent increase in the total production of cassava over the previous year’s figure.

Beef imports (inclusive of veal imports) decreased by 16.0 per cent or 342.8 thousand kilogrammes in 2009 when compared with the 2,137.1 thousand kilogrammes recorded in 2008. Mutton imports decreased by 349.6 thousand kilogrammes or 19.4 per cent, from the 1,803.7 thousand kilogrammes recorded in 2008. Pork imports increased by 5.7 per cent or 65.4 thousand kilogrammes. Poultry imports increased by 305.8 thousand kilogrammes to 703.0 thousand kilogrammes or by 77.0 per cent in 2009, compared with the 397.2 thousand kilogrammes imported in 2008. Milk imports recorded for the review period was 2,606.3 thousand kilogrammes, a 2.0 per cent decline from the 2008 figure. There were no fresh egg imports for the year 2009.

Output in yams increased, with 824.3 thousand kilogrammes produced in 2009 when compared with the 279.6 thousand kilogrammes recorded in 2008. This reflected an increase of 194.8 per cent in yam production. Sweet potato output rose in 2009, recording 1,202.2 thousand kilogrammes, a 36.0 per cent increase from the 2008 figure of 884.0 thousand kilogrammes. In 2009, production of onions increased significantly by 47.8 per cent to 626.0 thousand kilogrammes. Peanut production increased substantially by 112.7 per cent to 50.4 thousand kilogrammes.

ROOT CROP IMPORTS

ROOT CROP PRODUCTION Within the category of root crop production, all crops recorded significant increases in 2009 except eddoes which declined. Cassava production increased by 224.3 thousand kilogrammes from 466.2 thousand kilogrammes in 2008 to 690.5 thousand kilogrammes in 2009. This reflected a 48.1 per

During the review period, the imports of eddoes decreased from 115.1 thousand kilogrammes in 2008 to 63.7 thousand kilogrammes in 2009, reflecting a 44.7 per cent decline in the number of eddoes imported in 2009. Imports of cassava during 2009 were estimated at 3.4 thousand kilogrammes and imports of sweet potatoes stood at 1.0 thousand kilogrammes, a decline of 97.3 per cent.

TABLE 4.1-3 Root Crop Production (’000 Kgs) 2003 -- 2009 Year

2003

2004

2005

2006

2007R 2008R

2009P % Change Over 2008

Cassava

411.6

316.7

198.6

374.7

448.1

466.2

690.5

48.1

44.1

115.4

174.5

156.8

151.4

40.5

23.5

-42.0

Sweet Potatoes

2,609.8

1,913.0

2,083.9

2,200.9

1,334.6

884.0

1,202.2

36.0

Yams

1,233.7

603.4

817.5

793.8

646.5

279.6

824.3

194.8

Onions

338.2

550.8

346.5

444.2

287.3

423.6

626.0

47.8

Peanuts

62.5

28.2

22.5

21.3

9.3

23.7

50.4

112.7

Eddoes

SOURCE: Barbados Statistical Services Department/Ministry of Agriculture and Rural Development

Barbados Economic and Social Report 2009

IV. Sectoral Performance

TABLE 4.1-4 Root Crop Imports (’000 kgs) 2003 -- 2009 Year

2003

Cassava Eddoes

2004

2005

2006

2007

2008R

2009

% Change Over 2008

5.9

3.5

3.99

4.1

1.7

1.80

3.40

88.90

74.1

91.4

87.5

78.9

71.8

115.10

63.70

-44.70

Sweet Potatoes

19.8

9.8

5.6

0.2

36.40

1.00

-97.30

Yams

37.3

25.8

18.6

15.6

17.3

20.70

8.60

-58.50

1,547.0

1,832.6

2,210.23

1,987.8

1,819.6

1,922,93

2,064.40

7.40

107.9

91.7

88.3

114.0

79.2

71.40

41.50

-41.90

Onions Peanuts

SOURCE: Barbados Statistical Services Department/Ministry of Agriculture and Rural Development

COTTON

There was also a decrease in the importation of yams by 12.1 thousand kilogrammes or 58.5 per cent in 2009 compared with the 2008 figure of 20.7 thousand kilogrammes. Onion imports increased by 141.5 thousand kilogrammes or 7.4 per cent in 2009 when compared with 1,922.9 thousand kilogrammes recorded in 2008. There were 41.5 thousand kilogrammes of peanuts imported during the review period, a 41.9 per cent reduction when compared with the 2008 figure.

Cotton production for the review period recorded 3.9 thousand kilogrammes of lint, a decrease of 22.2 thousand kilogrammes or 85.2 per cent from the 26.0 thousand kilogrammes produced in 2008. This reduction in output was largely attributed to weed and pest management issues. The total area planted and harvested was 50.5 acres or 18.7 hectares. The total number of cotton bales produced for 2009 was eighteen (18), an 85.5 per cent decrease when compared with 2008 figure.

TABLE 4.1-5 Livestock and Dairy Production (’000 kgs) 2003 -- 2009 % Change Year

2003

2004

2005

2006R

2007

2008

2009

Beef

345.6

244.5

173.3

169.6

136.1

144.4

150.8

90.1

97.3

78.5

79.0

72.4

85.1

89.3

4.9

1,755.9

2,064.4

2,308.1

2,636.9

2,502.0

2,636.8

2,746.7

4.2

12,316.4

13,521.3

15,022.3

13,571.2

14,934.0

14,388.0

14,692.8

0.4 15.3

Mutton Pork Poultry

4.5

Veal

50.3

13.9

8.7

12.6

6.3

8.3

9.6

Eggs

1,619.6

1,928.0

1,384.9

1,986.6

2,305.0

1,902.5

2,002.2

5.2

Milk

7,016.6

6,620.8

6,256.4

5,569.9

6,762.3

6,694.4

7,013.5

4.8

n.a

217.3

371.2

275.4

280.3

239.5

219.0

-8.6

Turkey

SOURCE: Barbados Statistical Services Department/Ministry of Agriculture and Rural Development

over 2008

Barbados Economic and Social Report 2009

IV. Sectoral Performance

COMMERCIAL BANK CREDIT Provisional figures for Commercial Bank Credit to the Agricultural Sector showed a decrease of $3.3 million given the $41.2 million recorded in 2009. The Sugar Cane Sub-sector recorded credit of $3.7 million (an increase of $0.1 million from the $3.6 million recorded in 2008); Livestock $30.1 million, (a decrease of $5.2 million from the $35.3 million recorded in 2008); Food Crops $0.8 million, (a decrease of $0.1 million); and other Agricultural Production received $6.6 million, (an increase of $2.0 million over the 2008 credit level).

AGRICULTURAL DEVELOPMENT PLAN Under the Agricultural Development Plan, the Food Promotion Unit focused on the production of cassava flour and the development of products from cassava. The Unit purchased over 15.3 thousand kilogrammes from approximately twenty (20) to twenty-five (25) farmers with land about

twenty (20) acres in size. Sales of cassava flour increased from 512 kilogrammes to 1,188 kilogrammes amidst the challenges of limited capacity to dry the cassava. In addition, increased promotional activities reflected a significant boost in total sales revenue from $13, 479 to $33,051. The Unit also engaged in the sale of breadfruit flour and sweet potato cookies, and eight (8) persons were trained in a food handling course.

INFRASTRUCTURAL DEVELOPMENT The Development Programme saw a total of 1.7 cubic metres of irrigation water from twenty-one (21) wells being supplied to 288 active farmers. Farmers recorded usage of 1.2 cubic metres of water. The remaining supply of 31.0 per cent was unaccounted for due to a combination of malfunctioned meters in the distribution system, meters tampering and leaks. The Irrigation Unit retrofitted the entire operational system with new smart meters. These meters enabled the prompt identification of tampering and occurrences of malfunctioning.

TABLE 4.1-6 Livestock and Dairy Products Imports (’000 kgs) 2003 -- 2009 % Change Year

2003

2004

2005R

2006R

2007R

2008R

2009P over 2008

Beef & Veal

1,163.3

1,678.4

2,169.1

1,837.2

1,738.0

2,137.1

1,794.3

-16.0

Mutton

1,540.1

1,456.0

1,370.2

1,570.8

3,815.0

1,803.7

1,454.1

-19.4

Pork

1,160.7

1,266.5

1,478.3

1,137.4

1,219.7

1,147.0

1,212.4`

5.7

Poultry

1,837.0

1,703.7

1,877.5

1,388.2

514.3

397.2

703.0

77.0

Eggs

24.1

33.8

36.2

8.9

0.0

20.0

0.0

-100.0

Milk

247.8

300.6

3,321.5

7,238.0

3,031.9

2,658.5

2,606.3

-2.0

SOURCE: Barbados Statistical Services Department/Ministry of Agriculture and Rural Development

Barbados Economic and Social Report 2009

IV. Sectoral Performance

TABLE 4.1-7 Production of Cotton Lint (’000 kgs) 2003 - 2009

Year

2003

2004

2005

2006

2007

2008

2009

% Change Over 2008

Cotton Lint

18.7

22.5

29.4

32.1

19.2

26.0

3.9

-85.2

SOURCE: Statistical Services Department/Ministry of Agriculture and Rural Development

LAND FOR THE LANDLESS PROGRAMME

BARBADOS AGRICULTURAL DEVELOPMENT AND MARKETING CORPORATION (BADMC)

The BADMC distributed 804.5 acres of agricultural land to ninety-five (95) farmers in five (5) regions, excluding the 341.4 acres from the Bawdens and Sedgepond plantations, which are under the control of the St. Andrew Small Farmers Cooperative Society. At Haggatts, 29.2 acres of the entire 81.2 acres are cultivated cherry orchards. Of the twenty (20) farmers placed in the programme, only three (3) were livestock farmers.

The Corporation continued its mission to provide and improve the services needed to increase the output of the agricultural sector and support the development of its daily operational activities. The Land for the Landless Programme, the provision of extension and irrigation services to farmers, along with exploring the agro-processing potential of indigenously grown food crops were some of the activities that seek to achieve this development objective.

The Land for the Landless Programme showed a marked increase in farming activity and production levels during 2009. The total

TABLE 4.1- 8 Commercial Bank Credit to the Agricultural Sector 1998 -- 2009 Year

Sugar Cane

Livestock

Food Crops

Other

($’ 000) Total

1998

14,249

23,469

3,282

6,331

47,331

1999

17,209

18,026

5,970

6,781

47,996

2000

21,474

31,861

5,544

7,821

66,700

2001

15,433

27,548

4,373

7,265

54,619

2002

11,169

23,012

3,797

7,692

45,670

2003

10,902

22,149

1,286

7,598

41,935

2004R

10,117

15,809

861

5,551

32,338

2005R

8,858

28,194

525

4,992

42,569

2006R

9,246

38,618

391

4,414

52,669

2007R

2,808

40,453

954

4,531

48,746

2008P

3,633

35,308

917

4,607

44,465

2009P

3,718

30,107

783

6,558

41,166

SOURCE: Central Bank of Barbados

Barbados Economic and Social Report 2009

IV. Sectoral Performance

yield produced approximately 3.9 thousand kilogrammes in 2009, an increase of 98.7 per cent over the 2.0 thousand kilogrammes produced in 2008. The Extension Department assisted in the hosting of two (2) farmers’ markets in the north and east of the island to allow farmers to sell directly to the public and build relations with consumers.

FISHERIES

tonnes in 2009. Total flying fish catch for the year recorded the highest proportion, 66.0 per cent, of total fish landings. Dolphin catch in 2009 was 870.0 tonnes or 103.3 per cent higher than the previous year when 428.0 tonnes was recorded. This was the second major contributor (25.1 per cent) of the total fish catch for 2009. There was a reduction of 6.0 tonnes or 24.0 per cent from the 25.0 tonnes recorded for King Fish in 2008.

The Fishing Industry continued to be a vital contributor to the economic and social

The Carangids group comprising Jacks and Cavallies, decreased by 43.8 per cent to

TABLE 4.1-9 Fish Landings by Type (Tonnes) 2004 -- 2009 Year

2005

2006

2007

1 185.6

1 111.9

921.6

1 288.0

1 813.8

1 765.7

Dolphin

454.7

356.7

475.7

693.0

347.9

706.8

Kingfish

42.3

24.5

39.2

34.0

20.6

15.5

61.8

131.0

97.1

20.0

83.0

29.8

191.8

265.2

181.2

57.0

141.4

70.6

Flying Fish

Billfish Tuna Snapper

2004

2008R

2009P

5.8

6.3

13.3

22.0

2.1

2.3

Reef Fish (Carangids) 32.0

15.3

19.8

8.0

8.7

4.8

Shark Swordfish Any other Variety

8.4

11.8

9.9

140.0

7.9

5.8

19.0

33.1

29.9

20.0

28.8

14.9

130.6

112.7

106.8

109.0

55.1

73.3

SOURCE: Fisheries Department, Ministry of Agriculture and Rural Development

development of the country, providing employment directly and indirectly for a vibrant small business sector including fish processing, boat building and fish exports. The total estimated fish landings for 2009 were 3,471.0 tonnes, an increase of 179.7 tonnes or 7.8 per cent from the 3,220.0 tonnes recorded in 2008. This was due to a significant increase in the landings of Dolphin, Bonito, Albacore and Other Varieties of Fish. The estimated catch for flying fish decreased by 62.0 tonnes or 2.6 per cent from the 2,354.0 tonnes recorded for 2008 to 2,292.0

9.0 tonnes from the 16.0 tonnes recorded in 2008. Landings of fish within the broad grouping “Any Other Variety (AOV)”, which includes Demersal Reef Species caught in fish pots and Turpits, increased significantly by 18.1 per cent or 21.0 tonnes in 2009. Most notably, Tunas decreased significantly by 49.3 per cent or 70.0 tonnes. Landings of Swordfish, Billfish (marlins), and Shark decreased by 14.0 tonnes or 48.3 per cent, 53.0 tonnes or 63.9 per cent and 3.0 tonnes or 30.0 per cent respectively, while Snappers increased by 2.0 tonnes or 14.3 per cent from the 14.0 tonnes recorded in 2008.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

TABLE 4.1-10 Fishing Fleet by Type 2004 -- 2009

Type of vessel

2004

2005

2006

2007

2008

2009

Moses Launches Ice boats Long Liners

468 253 174 30

477 242 173 36

486 242 167 37

498 240 168 36

535 245 173 32

561 248 182 35

Total

925

928

932

942

985

1026

SOURCE: Fisheries Department

In general, there was an overall improvement in the island’s total fish landings. The Bridgetown and Pile’s Bay Fishing Complexes were the only two (2) sites that registered marginal declines of 0.4 per cent each. Weston was the most improved landing site registering 34,341 kilogrammes, an increase of 81.2 per cent over the 21,492 kilogrammes recorded in 2008.

SEA-EGG FISHERIES In 2009, the Fisheries Division continued its collaboration with Barbados National Union of Fisherfolk Organisations (BARNUFO) and volunteer fisher divers to assess the status of local sea-egg stocks. Surveys on the status of the sea-egg numbers indicated that they were still too low to allow for a harvest season in 2009. The composition of the local registered fishing fleet included Moses (561), Launches (248), Iceboats (182) and Long-liners (35). A total of 1,026 registered vessels were recorded in 2009 compared with 985 registered vessels in 2008. This represented an increase of 4.2 per cent over the 2008 total of registered vessels.

B. MANUFACTURING OVERVIEW The unfavourable economic condition, which continued into 2009, significantly affected output in the manufacturing and services sector. In addition, export earnings and employment level stagnated during the review period. However, the local industrial sector remained resilient as it was able to keep at bay the massive layoffs and major economic fallout that has afflicted the larger and more developed countries.

EMPLOYMENT IN THE SECTOR14 According to the Barbados Investment and Development Corporation (BIDC) Statistical Summary for 2008 & 2009, total employment at December 2009 was 13,059, a decrease of 606 jobs when compared with the corresponding period in 2008 (13,665). Employment in the Manufacturing Sector at December 2009 was 8,457, 3.5 per cent less than the 8,756 recorded for 2008. The Services 14 Employment numbers only capture persons working in companies that are listed in the BIDC database.

Barbados Economic and Social Report 2009

According to the BIDC’s survey of companies, total new jobs creation stood at approximately 1,188, an increase of twelve (12) over 2008, Information Services created some 302 new jobs, Food, Beverages and Tobacco provided an additional 151, while Contracting & Construction Services provided eightytwo (82) jobs in 2009.

The three (3) main sub-sectors contributing to manufacturing output for the review period were: non-metallic mineral products (with an index of 236.6); wooden furniture (133.4), and food (103.8). Compared with the 2008 corresponding period, this represented fall-offs of 18.5 per cent, 20.0 per cent and 10.0 per cent, respectively, within these sub-sectors.

84.1

95.0

93.5

95.3

94.1

92.6

91.4

90.3

105

96.1

120

89.6

135

100.3

Figure 11 Index of Industrial Production 1996-2009

97.8

During 2009, Information Services provided 2,087 jobs, a decline when compared with 2008. There were 1,157 persons employed in Contract and Construction Services, 17.7 per cent less than in 2008 (1,406). In contrast, employment in the Accounting and International Financial Services stood at 675 persons, up from 647 persons a year earlier.

Industrial Production information for 2009 showed that the index for the Industrial sector (84.1) fell by 9.1 points or 9.8 per cent when compared with the index for the same period in 2008. Of the three (3) main categories, Mining and Quarrying decreased by 53.5 points or 37.3 per cent below that of 2008. Manufacturing, the main component of the index, dropped 9.9 points or by 12.6 per cent; while Electricity, Gas and Water registered a marginal increase of 0.7 per cent. Within the Mining and Quarrying Sub-sector, the index for the Mining of Crude Oil fell to 61.4 points. Stone Quarrying contracted by 91.5 points or 45.2 per cent below the index of 2008.

120.0

Employment in the Other Manufacturing sub-sector increased by 15.4 per cent to reach 150 persons. The Non-Metallic Mineral Production Sub-sector employment decreased to 1,059 persons, from 1,155 in 2008. The Chemicals and Chemical Product and the Paper Product, Printing and Publishing Sub-sectors fell by 0.3 per cent and 1.9 per cent, respectively, which placed employment levels at 397 and 741 persons respectively by the end of 2009. The Wood, Wooden Products and Fittings Sub-sector fell significantly by 14.5 per cent, which moved the employed to 373 persons. In addition, fewer persons were also employed in the Fabricated Metal Products, dropping from 893 to 873 persons. However, the number of persons employed in Textiles, Apparel and Leather rose by 4.5 per cent to 610 persons from 584 persons in the previous period.

INDEX OF INDUSTRIAL PRODUCTION

117.0

Sector also showed a decline with a total of 4,602 jobs recorded at December 2009, which was 6.0 per cent (294) less than the 4,896 jobs recorded for the corresponding 2008 period. Food, Beverages and Tobacco remained the major single source of employment, accounting for 3,469 jobs, down by 129 relative to 2008. The Handicraft sub-sector was among the few sub-sectors to record positive growth in the area of employment with an increase of 5.9 per cent to 126 persons.

IV. Sectoral Performance

75 60 45 30 15 0 96 97 98 99 00 01 02 03 04 05 06 07 08 09 19 19 19 19 20 20 20 20 20 20 20 20 20 20

CREDIT TO MANUFACTURING15 At the end of December 2009, commercial credit to the Manufacturing Sector was estimated at $134.2 million. This represented 3.5 per cent more than the $129.6 million recorded for the identical period in 2008. The main beneficiaries of this credit were the

15 Data analysed for the period January to November 2009.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Figure 12 Credit to Manufacturing Sector 1997-2009 160

25% 21.0%

120 $Millions

20%

16.7%

15%

12.8%

100 4.0%

10% 4.8%

5.2% -1.9%

60 -8.9%

-10% -15%

0 19

-20% 97

Building Materials and Metal Products subsector as well as the Alcoholic Beverages & Tobacco sub-sector. Credit to these sectors totalled $49.9 million and $14.4 million, respectively. This represented an increase of 26.5 per cent in the Building Materials and Metal Products and a decrease of 28.1 per cent in the Alcoholic Beverages and Tobacco sub-sector. Food & Non-Alcoholic Beverages and Petro-Chemicals saw decreases of 13.3 per cent and 24.4 per cent, respectively. The largest decline in credit services was seen in the Electrical products sub-sector, which fell by 75.2 per cent. Other Manufacturing and Textile recorded an increase of 11.4 per cent and 46.0 per cent respectively, while Furniture & Wood Products saw a decline of 12.6 per cent.

DOMESTIC EXPORTS PERFORMANCE 16 For 2009, total domestic exports fell to $439.6 million compared with $526.3 million in 2008, representing a 19.7 per cent decline. Exports of Chemicals decreased by 12.8 per cent to reach $58.2 million compared with $66.8 million a year earlier. Rum earned $57.2 million, approximately $8.8 million less than the earnings for 2008. Exports of Other Food and Beverages contracted by 20.4 per cent to reach $46.4 million when compared with $58.3 million in the previous year. Sugar contributed $40.7 million to export earnings, some $4.4 million below the $45.1 million recorded in 2008. Electrical Components brought in $16.3 million compared with $23.8 million earned in 2008. Earnings from the export of Lard and Margarine, which declined to $18.5 million, were marginally lower than the $19.8 million one year earlier. 56

0% -5%

-8.0%

-7.0%

-14.8%

5% 3.5%

% Change

140

CARICOM, the largest export market, contributed $227.5 million to export earnings. This represented a 16.3 per cent decrease over the $271.9 million exported in 2008. Within CARICOM, Trinidad and Tobago continued to be the largest trading partner purchasing $54.9 million compared with $78.0 million the previous year. Exports to St. Lucia amounted to $32.9 million, $8.4 million below the 2008 figure of $41.3 million. Exports to Jamaica fell by approximately $2.7 million to $27.7 million during 2009. Antigua imported $15.8 million compared with $17.7 million in 2008, while Grenada purchased $19.3 million, some $2.0 million more than in 2008. Exports to Guyana fell slightly to $25.3 million compared with $26.3 million a year earlier. St. Vincent purchased $21.9 million during the review period, or approximately $1.8 million less than in 2008. Exports to St. Kitts/Nevis decline by 41.5 per cent to $8.3 million from $14.2 million in 2008. The value of exports to Suriname fell from $8.5 million in 2008 to $4.4 million during the review period. Dominica imported $6.9 million, a decrease of 24.4 per cent when matched with the previous year. Excluding CARICOM, the United States of America and the United Kingdom remained the major international trading partners. During 2009, the USA imported $169.7 million, compared with $187.4 million in 2008, while exports to the UK fell to $65.6 million from $82.3 million. Canada purchases remained relatively stable at $20.1 million during 2009, compared with $20.7 million the previous year. 16

The source of the Domestic Export Performance is the Barbados Statistical Service.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

TABLE 4.2-1 Direction of Trade with CARICOM Countries Domestic Exports 2004 -- 2009 Country

2004R

2007R

2008P

2009P

Antigua

9,633

15,109

19,976

17,158

17,667

15,772

Belize

2,629

Dominica

7,414

3,204

3,628

4,428

4,311

2,698

8,103

8,859

8,562

9,059

6,852

Grenada

12,650

19,547

15,151

17,701

17,290

19,283

Guyana

12,521

11,634

11,196

18,308

26,285

25,332

Haiti

2005R

2006R

(BDS $000)

698

1,558

2,167

1,650

605

7,283

Jamaica

24,142

34,648

36,966

32,938

30,446

27,710

St. Kitts/Nevis

10,784

12,029

12,851

9,804

14,231

8,320

St. Lucia

20,816

33,084

39,551

39,379

41,340

32,855

Montserrat

1,362

944

8,766

528

607

340

Suriname

6,799

5,253

3,827

9,841

8,488

4,354

Trinidad & Tobago

53,465

67,022

76,969

86,855

77,990

54,851

St. Vincent

17,355

19,007

22,702

24,412

23,615

21,851

180,267

231,142

262,609

271,564

271,934

227,501

Total

SOURCE: Barbados Statistical Service

INVESTMENT IN MANUFACTURING AND

RELATED SERVICES

Total investment in the Manufacturing and related services fell to $30.4 million, 51.1 per cent lower than the $66.4 million invested in 2008. In 2009, new investments accounted for $0.69 million. This represented an increase of 15.3 per cent when compared with the value of new investment calculated in 2008, and 2.3 per cent of total investment for the period under review. Investment for the expansion of existing plant stood at $29.7 million in comparison to $65.8 million a year earlier. During 2009, both Manufacturing and Services decreased to $27.6 million and $2.2 million, respectively.

ENTERPRISES ESTABLISHED BY BIDC (MANUFACTURING AND RELATED SERVICES) During 2009, the number of new companies, established with the assistance

of the BIDC, grew by four (4) when compared with 2008 to reach twenty-six (26). This was twelve (12) companies more than in 2007. Seventeen (17) out of the twenty-six (26) new companies were from the Other Services sub-sector, while the remainder were three (3) in Other Manufacturing; two (2) in Food, Beverages and Tobacco; two (2) in Graphic Art & Photography Services; and one (1) from both Textiles, Apparel & Leather and Information Services.

THE INDUSTRIAL INVESTMENT AND EMPLOYMENT FUND (IIEF) At the end of December 2009, the Industrial Investment and Employment Fund received an additional $15.0 thousand from Central Government. The total funds disbursed during the review period amounted to $10,621. In addition, no disbursement or new lapsed loans were approved. To date the cumulative value of approved loans remained unchanged, at $17.5 million with $15.2 million being disbursed. 57

Barbados Economic and Social Report 2009

IV. Sectoral Performance

TABLE 4.2-2 Investment in BIDC Assisted Companies 2005 -- 2009

(BDS $) Investment

2005P

2006

2007R

2008P

2009R

New: Manufacturing

156,236

650,000

3,000

56,900

292,730

Services

745,000

2,475,500

1,244,200

247,000

173,200

280,000

223,040

901,236

3,125,500

1,247,200

583,900

688,970

53,703,286

50,802,097

66,160,601

58,167,704

27,591,527

5,268,537

1,700,851

1,708,851

7,625,921

2,157,907

Sub-Total

58,971,823

52,502,948

67,869,452

65,793,625

29,749,434

Grand Total

59,873,059

55,628,448

69,116,652

66,377,525

30,438,404

Other Sub-Total Expansion: Manufacturing Services

SOURCE: Barbados Investment and Development Corporation

INDUSTRIAL POLICY FOR BARBADOS In 2009, continued policy support was necessary to ensure the recovery of the manufacturing sector in the aftermath of the financial crisis. This task became even more challenging for policymakers as they were charged with achieving stability within the manufacturing sector while having to conform to Barbados’ WTO obligations to remove all export subsidies. These export subsidies were captured in the form of The Fiscal Incentives Act, which is part of a wider group of foreign direct investment incentives designed to stimulate and direct industrialization.

REGIONAL POLICY COMMITMENTS At the 28th Meeting of the Council for Trade and Economic Development (COTED), a policy decision was taken, which aimed to ensure seamless trade among regional entities whilst fostering the development and growth

of competitive industries through the CARICOM community. These policy procedures, as a result, required greater consultation with the manufacturing community both in the local and regional market.

C. TOURISM OVERVIEW Global recessionary conditions continued to hinder the performance of key sectors of the Barbados economy. The poor performance of the Barbados tourism sector was indicative of the economic distress in most of Barbados’ major source markets. Global recessionary conditions were responsible for a drop in the demand for travel as well as reduced airlift capacity into Barbados. Tourism value-added plummeted by a further 6.6 per cent in 2009 after falling by 1.2 per cent in 2008, but the tourism sector’s contribution to total GDP remained around 15.0 per cent.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

TABLE 4.2-3 New Enterprises Established 2005 -- 2009 Categories

2005

2006

2007

2008P

2009R

Food, Beverages and Tobacco

Textiles, Apparels and Leather

Wood, Wooden Products and Leather

Paper Products, Printing and Publishing

Plastic Products

Non-Metallic Mineral Products

Fabricated Metal Products

Precision Instruments

Electronic Components and Devices

Handicraft

Other Manufacturing

Advertising & Public Relations

Graphic Art & Photography Services

Architectural Services

Contract & Construction Services

Technical & General Consulting

Information Services

Live Animals and Vegetables

Other Services

Total

SOURCE: Barbados Investment and Development Corporation (BIDC) Division of Trade, Industry and Commerce

Stay-over arrivals during the period under review totalled 518,564, a decrease of 49,103 or 8.6 per cent when compared with the 567,667 stay-over arrivals during the corresponding period in 2008. During the period January to December 2009, there was an increase in cruise arrivals of 6.3 per cent. Some 635,212 cruise passenger arrivals were recorded during this period compared with 597,523 during the corresponding period of 2008. Landed passengers, that is, cruise ship passengers who permanently disembark in Barbados, increased some 33.8 per cent from 107,088 persons in 2008 to 143,282 persons at the end of 2009. In addition, the number of cruise vessels entering Barbados increased some 8.2

per cent from 425 to 460 at the end of the reporting year. The Canadian market was the only major market recording growth of arrivals during the reporting period. This was due to the strength of the economy as well as the strength of the Canadian dollar and increased load factors on both Air Canada and WestJet. Stay-over visitor expenditure during 2009 declined by 10.3 per cent to total US$1,023.5 million. This represented a US$118.1 million decrease in expenditure when compared with the corresponding period in 2008. Expenditure by cruise ship passengers increased by 10.9 per cent or US$3.5 million to US$35.4 million. 59

Barbados Economic and Social Report 2009

IV. Sectoral Performance

TABLE 4.2-4 Employment in the Manufacturing Sector and Related Services 2005 -- 2009 Sub-Sector

2005R

2006R

2007R

2008R

2009P

Food, Beverages & Tobacco Textiles, Apparel & Leather Wood, Wooden Prod. & Fittings Paper Prod., Print & Publishing Chemicals & Chemical Products Plastic Products Non-Metallic Mineral Products Fabricated Metal Products Precision Instruments Electronic Components & Devices Handicraft Other Manufacturing Manufacturing Sub-Total1 Accounting and Financial Services Advertising & Public Relations Services Graphic Art & Photography Services Architectural Services Contract & Construction Services Technical & General Consulting Services Engineering Services Information Services Repair & Refabrication Services Other Services

3 728 741 493 1 130 379 328 1 101 922 141 449 164 129 9 705 516 109 1 89 1, 087 72 106 1 618 14 329

3 630 775 511 1 146 491 297 1 150 940 116 432 165 152 9 805 538 91 8 88 1 336 74 108 1 770 16 345

3 760 729 431 752 395 262 1 207 952 169 372 161 127 9 317 633 108 3 86 1 370 63 110 1 901 13 364

3 595 584 435 755 398 238 1 155 893 173 290 119 130 8 756 647 101 3 87 1 406 54 114 2 144 11 329

3,469 610 373 741 397 211 1,059 873 169 279 126 150 8,457 675 74 6 90 1,157 54 110 2,087 10 339

Total Services

3 941

4 374

4 651

4 896

4,602

13 646

14 179

13 968

13 665

13,059

Total

SOURCE: Barbados Investment and Development Corporation 1

These employment numbers only capture persons working in companies that are listed in the BIDC database Figure 12

LONG-STAY AND CRUISE PASSENGER ARRIVALS Total long-stay arrivals to Barbados decreased by 8.6 per cent in 2009 as the island saw 518,564 visitors to its shores during the year. Much of this activity was seen during the first half of the year. On the other hand, cruise arrivals increased by 6.3 per cent during the year from 597,523 arrivals to 635,212 arrivals at the end of 2009. Landed passengers increased some 33.8 per cent from 107,088 persons in 60

2008 to 143,282 persons at the end of 2009. In addition the number of cruise vessels entering Barbados increased some 8.2 per cent from 425 to 460 at the end of the reporting year. Stay-over visitor arrivals for the period January to December 2009 numbered 518,564; a decrease of 49,103 or 8.6 per cent when compared with the corresponding period in 2008. During the year, November and December were the only months to record growth in arrivals compared with their respective

Barbados Economic and Social Report 2009

IV. Sectoral Performance

months in 2008. April and October both recorded decreases of less than 5.0 per cent. June recorded the weakest performance, with a decrease of 21.0 per cent when compared with June 2008.

TOURIST ARRIVALS ORIGIN

COUNTRY OF

Contrary to the declines in arrivals from Barbados’ major source markets, the Canadian market was resilient and recorded growth of 11.2 per cent. The German market also showed a positive performance recording an increase of 15.0 per cent, albeit from a small base. The UK and US markets recorded decreases of 13.3 per cent and 7.2 per cent respectively when compared with the corresponding period in 2008. In addition, arrivals from Trinidad and Tobago fell 7.4 per cent while arrivals from Other CARICOM countries also fell 13.5 per cent, when compared with the corresponding period in 2008.

UNITED KINGDOM During 2009, visitor arrivals from the UK market numbered 190,632, a decrease of 29,321 or 13.3 per cent when compared with the corresponding period in 2008. February (-5.4 per cent) and March (-5.0 per cent) were the only months, where the percentage decrease in arrivals from this market was less than 10.0 per cent. The second quarter of 2009 recorded the weakest performance with a decrease of 20.1 per cent when compared with 2008. All three (3) months in this quarter recorded decreases of over 15.0 per cent.

Residence 2008-2009 250,000

200,000

Number of Visitors

When analysed on a quarterly basis, the decline in arrivals became worse as the year progressed, with a decline of 8.6 per cent or 13,679 arrivals being recorded during the first quarter, and arrivals declining by 12.5 per cent or 16,893 and 13.8 per cent or 18,508 in the second and third quarters, respectively. The fourth quarter was able to hold steady growth in arrivals. November and December recorded increase in arrivals of 2.3 per cent and 0.7 per cent, respectively, when compared with the corresponding months of 2008.

Figure13 Tourist Arrivals by Country of

150,000

100,000 2008 2009

50,000

0 U.S.A

Canada

U.K

Germany

Other Europe Country

Trinidad & Tobago

Other Caricom

Other Countries

Arrivals from the UK declined due to the strong economic recession in that country and reduced seat capacity on the Barbados-UK routes. The reduction in seats occurred as the result of the discontinuation of service by BMI, the closure of the XL Leisure Group and the use of smaller aircraft (fewer seats) by Virgin Atlantic Airways.

USA During the period January to December 2009, there was a 7.2 per cent decline in visitor arrivals from the US when compared with the corresponding period in 2008. Some 122,306 visitor arrivals were recorded during the period under review. The first nine (9) months of 2009 recorded decreases in arrivals, with the first and third quarters recording decreases in excess of 19.0 per cent when compared with 2008. The fourth quarter was the only quarter to show positive performance. Some 10,314 visitor arrivals were recorded during October 2009, an increase of 2,809 or 37.4 per cent when compared with October 2008. November recorded 11,784 visitor arrivals, an increase of 2,934 or 33.2 per cent in visitor arrivals when compared with November 2008. An increase of 24.5 per cent or 2,946 visitor arrivals was recorded during the month of December when compared with December 2008. 61

Barbados Economic and Social Report 2009

IV. Sectoral Performance

TABLE 4.3-1 Tourist Arrivals by Country of Residence 1999 -- 2009 United Other Kingdom Germany Europe

Trinidad Other & Tobago CARICOM

Year

U.S.A.

Canada

1999

104,953

57,333

202,772

9,553

31,668

25,005

61,122

22,208

514,614

2000

112,153

59,957

226,787

7,850

26,138

23,215

64,209

24,387

544,696

2001

106,629

52,381

217,466

6,474

22,185

21,010

59,075

21,858

507,078

2002

123,429

46,754

192,606

5,931

19,397

25,559

64,118

20,105

497,899

2003

129,326

49,641

202,564

7,612

21,914

27,530

69,279

23,345

531,211

2004

129,664

50,032

213,947

6,970

23,060

26,492

77,845

23,492

551,502

2005

131,005

47,690

202,765

6,995

19,857

30,889

83,886

24,447

547,534

2006

130,757

49,197

211,520

7,478

21,922

34,480

82,496

24,691

562,541

2007

133,519

52,981

223,575

5,549

21,509

30,404

68,979

36,421

572,937

2008R 131,795

57,335

219,953

6,098

25,727

28,385

72,254

26,120

567,667

2009P

63,751

190,632

7,020

23,052

26,289

62,482

23,032

518,564

122,306

SOURCE: Barbados Statistical Service

Figure 14

STAYOVER VISITORS BY MARKET SHARE January to December 2009 Other CARICOM 12% Trinidad & Tobago 5%

Rest of the World 4%

USA 24%

Other Europe 4% Germany 1%

Canada 12% United Kingdom 38%

Other Total

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Figure 15 Tourist Arrivals by Type 1999-2009 800

600 Thousands

Number of Visitors

700

500 400 300

by arrival declines in June (1.9 per cent), July (12.2 per cent), August (7.7 per cent) and September (7.5 per cent). WestJet however recommenced its service to Barbados in November 2009 and this resulted in positive growth (30.3 per cent) in arrivals at the end of that month.

200 100 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

TRINIDAD AND TOBAGO

Year Stayover

Cruise Ship

Increased unemployment continued to plague the US market resulting in unfavourable numbers out of that market. There was loss of seat capacity when Air Jamaica ceased its Barbados/New York service in April 2009. However, the loss of seats was compensated by American Airlines increasing its seat capacity on the BarbadosNew York route. With the re-commencement of US Airways service out of Philadelphia and the start of JetBlue’s service out of New York with effect from October 1, 2009, the loss of seats left by Air Jamaica was replaced, resulting in the positive growth during October and November.

CANADA During the period January to December 2009, visitor arrivals from this market totalled 63,751; an increase of 6,416 or 11.2 per cent when compared with the corresponding period in 2008. The first, second and fourth quarters recorded growth of over 10.0 per cent. Strong performances were recorded during the months of April which grew 43.9 per cent; November, which grew 30.3 per cent; March, which grew 18.7 per cent, and January which grew 4.2 per cent over the previous period. The strength of the Canadian dollar and increased load factors on both Air Canada and WestJet contributed to this increase. WestJet airlines, which started service in November 2008, ceased its winter service in early May 2009. This impacted negatively on arrivals from the Canadian market evidenced

There were 26,289 visitor arrivals from Trinidad and Tobago recorded during the period January to December 2009, a decline of 7.4 per cent when compared with the corresponding period of 2008. This market showed some fluctuations with positive performances being recorded for April (44.6 per cent), July (1.6 per cent), September (2.9 per cent) and November (5.7 per cent) whilst decreases ranged from 31.4 per cent in May to 5.5 per cent in December. The on-going challenges to travel in the region, a decrease in regional airlift and increased airline ticket prices, continue to adversely impact the performance of this market.

OTHER CARICOM Arrivals out of Other CARICOM continue to suffer due to the prevailing high airfares and a decrease in airlift. Visitor arrivals from these countries during the period January to December 2009 decreased by 13.5 per cent. Some 62,482 visitor arrivals were recorded, 9,772 less than during the corresponding period in 2008. The challenges affecting the Trinidad and Tobago market also impacted Other CARICOM countries.

GERMANY Arrivals from Germany increased (albeit from a small base) by 15.1 per cent during the period January to December 2009. Some 7,020 visitor arrivals were recorded when compared with 6,098 arrivals for the corresponding period in 2008. Growth was reported in this market for all months except February which saw a decrease of 21.9 per cent. 63

Barbados Economic and Social Report 2009

OTHER COUNTRIES Arrivals from other destinations also continued to fall in 2009, moving from 26,120 arrivals in 2008 to 23,032 arrivals in 2009, a decrease of 11.8 per cent.

IV. Sectoral Performance

Despite recording a decrease of 3.9 per cent in arrivals in the first quarter, positive growth was recorded in the second and third quarters. Summer 2009 (third quarter) recorded a strong growth in arrivals of 38.1 per cent when compared with summer 2008.

MARKET SHARE Despite recording a decrease in arrivals in all twelve (12) months of 2009, the UK continued to be Barbados’ main source of visitors accounting for 38.0 per cent of market share, followed by USA (24.0 per cent), Other CARICOM (12.0 per cent) and Canada (12.0 per cent).

Figure 16 CRUISE PASSENGER ARRIVALS January to December 2008/2009 120000 100000 80000 60000 40000 20000 0 Jan

Canada’s market share grew from 10.0 per cent in 2008 to 12.0 per cent in 2009. The US market share grew from 23.0 per cent to 24.0 per cent. Other CARICOM (-1.0 per cent) and Rest of the World (-1.0 per cent) lost market share in 2009 compared with 2008. There was no change in the market share of the other markets.

THE CRUISE SECTOR CRUISE PASSENGER ARRIVALS During the period January to December 2009, cruise passenger arrivals grew by 6.3 per cent, or 37,689 arrivals to total 635,212 passengers when compared with the corresponding period in 2008. There were some fluctuations in this subsector with the largest growth of 117.3 per cent being recorded in September and declines of 15.7 per cent and 13.0 per cent being recorded in January and April, respectively. The increase during September 2009 was due to (i) the loss of passengers during September 2008 when the Carnival Destiny was being repositioned and only made one call to Barbados, during the month; and (ii) other vessels also called during 2009 that did not do so during 2008. As a result of the increased cruise ship calls, there was strong arrival growth in the months of February (16.0 per cent), May (43.7 per cent), June (9.0 per cent), July (10.5 per cent), August (18.4 per cent), October (87.4 per cent) and November (11.9 per cent).

Feb

Mar

Apr

May

Jun 2008

Jul

Aug

Sep

Oct

Nov

Dec

2009

CRUISE SHIP CALLS Some 460 cruise ship calls were recorded during the year 2009, an increase of thirty-five (35) calls when compared with the corresponding period in 2008. The Barbados Port Inc. reported that although there was an increase in ship calls, these vessels were arriving with smaller loads. There were decreases in the number of vessels calling at the Bridgetown Port during the months of March (8.0 per cent), April (1.0 per cent) and December (6.0 per cent) 2009 when compared with the same periods in 2008. Calls between July and September doubled to thirty-five (35) when compared with the corresponding period of 2008. During the summer period, May to September 2009, there were three (3) vessels which made weekly calls to the Bridgetown Port:--- Adventure of the Seas, Carnival Victory (which has replaced the Carnival Destiny), and Ocean Dream. The Barbados Port Inc. reported that during the period January to November there were six (6) inaugural calls at the Port. There were two (2) additional inaugural calls during the month of December, making the total of inaugural calls eight (8), a decrease of seven (7) calls when compared with 2008. These eight (8) inaugural visits are estimated to account for an additional 43,304 passengers.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Figure 17 Cruise Ship Calls January to December 2009 CRUISE SHIP CALLS January to December 2008/2009 100 80 60 40 20 0 Jan

Feb

Mar

Apr

May

Jun 2008

Jul

Aug

Sep

Oct

Nov

Dec

2009

Table 4.3-2 Cruise Calls January to December 2008/2009 Months Jan Feb Mar Q1 Apr May Jun Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 Total

Source:

2008

2009

AB CHG

77 58 73 208 45 8 6 59 7 6 4 17 9 50 82 141 425

83 68 65 216 44 15 11 70 13 10 12 35 14 49 76 139 460

6 10 -8 8 -1 7 5 11 6 4 8 18 8 -1 -6 -2 35

Barbados Statistical Service 2009 Figures are Provisional

TOURISM EXPENDITURE The global economic crisis negatively impacted on the demand for travel in Barbados’ source markets. The decline of visitor arrivals naturally affected visitor expenditure which consequently recorded a 9.8 per cent decline in 2009 when compared with 2008. All visitors to the island are estimated to have spent US$1,058.9 million, a decrease of

US$14.5 million when compared with the US$1173.5 million spent during 2008. During 2009, stay-over visitors spent an estimated total of US$1,023.5 million, a 10.3 per cent or US$118.0 million decrease when compared with the corresponding period of 2008. During the first quarter, stay-over visitors spent an estimated US$312.5 million, a slight decrease of 0.9 per cent over the same period in 2008. Visitor expenditure further decreased during the second quarter, corresponding with the decline in visitor arrivals. 65

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Table 4.3-3 Total Tourism Expenditure US$ January to December 2008/2009 Expenditure (US$)

2008

2009

per cent Chg

Abs Chg

Jan - Mar

331,367,800

325,629,727

-5,738,073

-1.7

Apr - Jun

252,264,300

228,856,672

-23,407,628

-9.3

Jul - Sep

298,902,000

243,649,883

-55,252,117

-18.5

Oct-Dec

282,376,000

248,432,000

-33,944,000

-12.02

Total

1,141,502,000

1,023,485,000

-118,017,000

-10.34

Source: Caribbean Tourism Organisation A decrease of 10.0 per cent in expenditure was recorded during the second quarter compared with the US$247.3 million in the corresponding period of 2008. The largest decline in expenditure was recorded during the third quarter, as visitors to the island spent US$239.9 million, a decrease of 19.1 per cent or US$56.6 million when compared with the corresponding period of 2008.

Canada was also reflected in the expenditure by visitors from that market. Canadians are estimated to have spent US$12.6 million or 12.1 per cent more during 2009 when compared with 2008.

STAY-OVER VISITOR EXPENDITURE BY MARKET

When compared with other markets, the UK was the largest source of expenditure, which is commensurate with its market share. Visitors from the UK spent US$452.7 million; a decrease of US$101.4 million or 18.3 per cent when compared with the corresponding period in 2008.

During the year, all the major markets recorded decreases in expenditure with the exception of Canada and the Rest of the World. The increase in stay-over visitor arrivals from

Visitors from the Caribbean Community are estimated to have spent US$133.5 million, US$15.5 or 10.4 per cent less when compared with 2008.

Table 4.3-4 Stay-over Tourism Expenditure January to September 2008/2009 Expenditure (US$) 2008

2009

per cent Chg

Jan - Mar

315,365,000 312,492,000

-2,873,000

-0.9

Apr - Jun

247,334,000 222,710,000

-24,624,000

-10

Jul - Sep

296,427,000 239,850,000

-56,577,000

-19.1

Total

859,126,000 775,052,000

-84,074,000

-9.8

SOURCE: Caribbean Tourism Organisation

Abs Chg

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Table 4.3-5 Stay-Over Visitor Expenditure by Market January to September 2008/2009 Expenditure (US$) Market 2008

2009

Actual Change

% Change

216,991,000

203,122,000

-13,869,000

-6.4

Canada

103,718,000

116,283,000

12,565,000

12.1

554,155,000

452,681,000

-101,474,000

-18.3

72,573,000

70,870,000

-1,703,000

-2.3

149,007,000

133,540,000

-15,467,000

-10.4

45,057,000

46,992,000

1,935,000

4.3

1,141,501,000

1,023,488,000

-118,013,000

-10.3

Other Europe CARICOM Rest of the World TOTAL

SOURCE: Caribbean Tourism Organisation

N.B.: Figures may vary slightly due to rounding

The US provided the second largest source of expenditure as visitors spent US$203.1 million during the year. However, this represented a decrease of US$13.9 million or 6.4 per cent when compared with 2008. Expenditure by cruise ship passengers increased by 10.9 per cent or US$3.5 million when compared with 2008. The Caribbean Tourism Organisation (CTO) estimates that cruise passengers spent US$35.4 million in

2009 compared with US$32.0 million spent during 2008. In the first quarter, expenditure from this sector declined by 17.9 per cent, however this was offset by significant increases of 24.7 per cent and 53.5 per cent respectively, during the second and third quarters. The increase of expenditure in the third quarter of the year was commensurate with the increase in summer traffic that took place in 2009.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Table 4.3-6

Cruise Passenger Expenditure January to December 2008/2009 Expenditure (US$) Period

2008

2009

Act Chg

% Chg

Jan - Mar

16,002,800

12,862,400

-3,140,400

-19.6

Apr - Jun

4,930,300

5,511,300

581,000

11.8

Jul - Sep

2,475,000

3,752,100

1,277,100

51.6

Oct - Dec

8,542,600

13,320,200

4,777,600

55.9

31,950,700

35,446,000

3,495,300

10.9

Total

SOURCE: Caribbean Tourism Organisation

ACCOMMODATION

Average room occupancy of 57.0 per cent was recorded over this period, compared with 63.0 per cent during the corresponding period in 2008. February was the only month to record positive performance with an increase of 3.0 percentage points being recorded. August was the worst performing month with a decrease of 20.0 percentage points.

AVAILABLE ROOMS As of October 2009, there were 6,389 units available in the accommodation sector, an increase of 607 units when compared with the corresponding period in 2008. The majority of these units (5,409) were located in hotels. These units also had a total of 6,984 bedrooms with some 5,595 of these being available in the hotel sub-sector.

EMPLOYMENT

IN THE SECTOR

According to the Labour Force Survey conducted by the Barbados Statistical Service for the period January to September 2009, over 13,000 persons were employed in the tourism sector. This represented 10.8 per cent, 10.7 per cent and 10.2 per cent of total employment during the first, second and third quarter, respectively.

ROOM OCCUPANCY Average room occupancy during the period January to October 2009 decreased by seven (7) percentage points when compared with the corresponding period in 2008.

Table 4.3-7 Hotels, Apartments and Guest Houses: Number of Units No. of Establishments Type of Accommodation

Abs Chg

2008 2009

No. of Bedrooms

2008

2009

Hotels

4,858

5,409

551

5,037 5,595

558

Apartments

781

841

1,113 1,248

135

Guest Houses

-3

143

139

-4

150

-9

TOTAL

154

155

5,782

6,389

607

6,300 6,984

Source: Barbados Tourism Authority

No. of Units

Abs Chg 2008 2009

141

Abs Chg

684

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Table 4.3-8 Employment in the Tourism Sector January to September 2008-2009

QUARTER 3

QUARTER 2

QUARTER 1

Male Employment in Tourism ‘000 Total Employment ‘000 % employed in tourism Employment in Tourism ‘000 Total Employment ‘000 % employed in tourism Employment in Tourism ‘000 Total Employment ‘000 % employed in tourism

2008 Female

Male

2009 Female

Total 2008 2009

5.5

7.8

6.3

7.5

13.3

13.8

68.4

64.0

65.5

62.7

132.4

128.3

8.0

12.2

9.6

12.0

10.0

10.8

6.6

8.0

6.3

7.5

14.6

13.8

69.2

64.3

65.9

63.4

133.5

129.3

9.5

12.4

9.6

11.8

10.9

10.7

6.7

7.4

5.9

7.3

14.1

13.2

68.8

63.0

65.9

63.4

131.8

129.3

9.7

11.7

9.0

11.5

10.7

10.2

SOURCE: Barbados Statistical Labour Force Survey

When compared with the corresponding periods in 2008, there were more persons employed in the tourism sector during the first quarter but the reverse occurred during the second and third quarters. While there were more females than males employed in the industry, when compared with 2008 the number of females employed decreased while male employment recorded an increase in the first quarter of 2009.

INVESTMENT IN TOURISM SECTOR During the reporting period three (3) projects were completed while two (2) new projects were started. During the month of September 2009, the Arlington House Restoration project and the Baxter’s Road development project were completed. In December, the Dover Sports Pavilion was completed. With respect to projects commenced during the reporting period, in March 2009, the

Treasury Building modification began while in September the Blackwood’s Screwjack Ship Lift project also began.

D. CONSTRUCTION During 2009, the Construction Sector grew although at a slower rate than in the previous year. The Sector contributed an estimated $70.5 million to real GDP, representing a 22.6 per cent decrease when compared with $91.1 million in 2008. It accounted for 6.5 per cent of real GDP. During the review period, preliminary estimates for the number of units constructed stood at 1,759 compared with 1,321 in 2008. This represented an increase of 33.2 per cent. In addition, construction of wooden structures recorded an increase of 58.6 per cent, while masonry and mixed structures grew by 12.3 per cent and 0.5 per cent, respectively. 69

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Imported building materials decreased by 30.0 per cent to $176.5 million compared with $252.1 million in 2008. Cement production fell for the fourth consecutive year to 256.0 thousand metric tonnes, 15.1 per cent below the 301.4 metric tonnes produced during 2008. In 2009, approximately 54.3 per cent or 139.1 thousand metric tonnes were captured through local consumption. Quarrying production fell by 27.4 per cent from 1,157.5 thousand tonnes in 2008 to 840.6 thousand tonnes in 2009.

At the end of the review period, 827 deposits, in addition to twenty-six (26) 100 per cent mortgages were made, totalling $3.4 million. During the period, 266 units were sold.

20 YEAR TRANSFER PROGRAMME By the end of the review period, 2,161 offer letters were forwarded to qualified tenants

TABLE 4.4-1 Selected Indicators of the Construction Sector 2002 -- 2009

Year

Building Materials Imported ($M)

Cement Employment in Sales Cement Production for New Construction Local (^) Production (^) Quarrying* Mortgages & Quarrying (Tonnes 000) (Tonnes 000) (Tonnes 000) ($M) (000)

2002

161.9

147.8

297.7

1,212.0

122.7

13.2

2003

171.1

150.6

325.1

975.0

114.0

12.3

2004

205.9

154.0

322.7

1,013.0

186.8

13.4

2005

256.4

199.3

340.7

948.0

196.4

13.2

2006

245.0

201.2

337.8

1,081.4

212.4

14.5

2007

260.9

191.1

316.5

1,181.8

201.9

15.4

2008R

252.1

174.6

301.4

1,157.5

223.1

13.6

2009P

176.5

139.1

256.0

840.6

n.a.

11.5

SOURCE: ^ Arawak Cement Plant

Barbados Statistical Service Central Bank of Barbados * includes stone and marl

PROGRAMMES/PROJECTS UNDERTAKEN DURING 2009 SALE OF TERRACE UNITS AND 20 YEAR TRANSFER PROGRAMME

and occupants, of which 569 tenants had previously made deposits to purchase units. Some 1,926 or 90.0 per cent of the tenants and occupants have accepted the offer by signing and returning the letters of offer.

Sale of Terrace Units The aim of this programme is to transform tenants into owners and expand the base of property ownership within the low income grouping. 70

Approximately $630,000 in arrears, was collected from tenants and occupants responding to the offer of free transfer.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

LOANS

TENANTRIES PROGRAMME

During 2009, ninety-nine (99) loan applications were received and sixty-four (64) approved. The total sum approved was $2.9 million and the amount disbursed to date $5.7 million.

During 2009, fifty-five (55) lots were conveyed in scheduled tenantries, with an extra 100 tenants at various stages in the process to purchase lots. At the end of December 2009, the total number of tenants to attain security of tenure under the programme had reached 4,886. The figure represented 73.6 per cent of surveyed lots.

HELP PROGRAMME Throughout 2009, the National Housing Corporation continued with the ‘Housing Every Last Person’ (HELP) initiative as it aims to satisfy the demand of Barbadians for reasonably priced houses. At the end of 2009, 182 houses were completed in the following areas:

•

Marchfield, St. Philip

•

Workhall, St. Philip

•

Draxhall/ Greens, St. George

•

French Village, St.Peter

•

Four Hill, St. Peter

At the end of the review period, additional lot plans were received for thirty-three (33) parcels, with another 120 lots at various stages of assignment.

RURAL TENANTRIES PROGRAMME During this financial year 2009/10, the Ministry of Housing forwarded some $951,163.00 to the National Housing Corporation (NHC) for payment of subsidies to qualified tenants who would have paid their share of the lot purchase price. The rise in lot valuations over the past five (5) years significantly increased the costs being paid by Government to assist qualified tenants in purchasing of lots.

RENT-TO-OWN PROGRAMME

HOUSING RELOCATION

During the period under review, the Corporation launched the “Rent-to-own Programme”. The main objective of the programme was to allow low income earners the opportunity to become property owners.

500 LOTS PROGRAMME

Rent to own, was a contractual agreement between a tenant and a landlord for a period of seven (7) years in the first instance. At the end of the seven (7) years, a purchase contract would be executed once the tenant exercises the option to purchase. In the event the tenant does not exercise the option to purchase at the end of seven (7) years, the rental arrangement maybe extended for a further two (2) years. The Rent-to-Own Programme was inaugurated in 2009. Sixteen (16) houses constructed at Airley Heights were used to pilot the programme. To date, thirteen (13) families have benefited from the programme.

The Government of Barbados in 2008 outlined an initiative to provide 500 lots at $5 per square foot. During 2009, lots were identified and the process of acquisition and development was initiated. At the end of the year, infrastructural works had begun on 253 lots at sites located in St. Thomas, St. Philip, St. George, St. Joseph and St. Lucy.

E. INTERNATIONAL FINANCIAL AND BUSINESS SERVICES OVERVIEW The global economic downturn brought on by the financial and economic crisis affected the international business arena worldwide. Despite this, the Barbados International Business Sector experienced some positives. Being placed on the Organisation for Economic 71

Barbados Economic and Social Report 2009

Cooperation and Development (OECD) “white list” provided a significant boost to the international business sector as Barbados continued to meet high standards in terms of exchange of information and transparency in tax matters. During 2009, Barbados also continued to be a well regulated jurisdiction for international business and one of choice for regional and international investors. During the review period, the International Business Division (IBD) begun to implement the policies articulated in its Short and Medium Term Action Plan, with particular focus on international best practice and expansion of its network of DTAs and BITs. The international business sector also continued to create the appropriate enabling environment so as to take advantage of the predicted upswing in world economic fortunes.

ECONOMIC CONTRIBUTION OF THE SECTOR During 2009, the International Business Sector contributed $240.3 million in corporate taxes to the economy, down from $274.7 million in 2008. The sector continued to provide opportunities, direct and indirect, for providers of services such as management, legal, accounting and other professional services and also for semi-skilled workers who are instrumental in satisfying all the needs of international business activities.

ENTITIES LICENSED With respect to entities licensed, the international business and financial services sector experienced a downturn in relation to new company formation. The number of new entities licensed at the end of December 2009 was 407 as compared with 480 at the end of 2008. This represented a 15.2 per cent decline in overall new company formation. There were 379 new International Business Companies (IBCs) licensed during 2009 compared with 481 for 2008, representing a decline of 21.0 per cent. With regard to 72

IV. Sectoral Performance

Societies with Restricted Liability (SRLs), the new licences at the end of December 2009 numbered nineteen (19) representing a drop of 77.0 per cent from the 2008 figure of eightythree (83). The dissolution of Foreign Sales Corporations (FSCs) continued as a result of the 2000 WTO Ruling. At the end of 2009, eighteen (18) FSCs renewed their licences compared with thirty-three (33) at the end of 2008. In the insurance sub-sector, there were four (4) new Exempt Insurance Companies (EICs) licensed during 2009 in contrast to ten (10) for the previous year. This represents a decrease of 11.1 per cent. Exempt Insurance Management Companies (EIMCs) followed a similar downward trend. There was one (1) new EIMC licensed during 2009 in comparison with three (3) in 2008. Six (6) Qualifying Insurance Companies were registered in 2009 compared with nine (9) in the previous year. International bank licences increased by one (1) from three (3) in 2008 to four (4) in 2009.

SUPERVISION AND REGULATION Supervision and Regulation continued to play a critical role in ensuring that Barbados maintained its reputation as a well-regulated Financial Services Centre. Special efforts were made to maintain Barbados’ status as a userfriendly and transparent domicile. Moreover, the International Business Division (IBD) continued to improve and strengthen the administrative and operational systems that sustain the regulation of international business entities.

LEGISLATION AND TREATY NEGOTIATIONS The negotiation of Double Taxation Agreements (DTAs) and Bilateral Investment Treaties (BITs) continued to be an integral part of the Government’s strategic plan for enhancing Barbados’ position as a treatybased domicile. The Ministry anticipates that the increased international focus on transparency and exchange of information should lead to more negotiating opportunities for Barbados in the medium term particularly with OECD countries.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

TABLE 4.5-1 Number of New International Business Entities Licensed 2004 -- 20091

___________________________________________________________ 2004R

2005

2006

2007

2008R

2009P

297

372

391

506

481

379

Exempt Insurance Companies

Exempt Insurance Management Companies

Offshore Banks

Societies with Restricted Liability

133

151

Total

379

426

537

672

580

407

____________________________________________________________ IBCs

SOURCE: International Business Division Ministry of Economic Affairs and Development NOTES:

The figures represent the number of licences issued to new international business entities.

In its April 2, 2009 Report to the G20 Finance Ministers, the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes included Barbados among countries considered to have substantially implemented the internationally considered standard on transparency and exchange of information. This was a major achievement for Barbados. As at December 23, 2009, Barbados had signed twenty (20) DTAs with the following countries: United Kingdom (1970), Canada (1980), the United States of America (1980), Finland (1989), Norway (1990), Sweden (1991), Caribbean Common Market (CARICOM) (1995), Venezuela (1998), Cuba (1999), China (2000), Malta (2001), Mauritius (2004), Botswana (2005), Austria (2007), Kingdom of the Netherlands (2007), Switzerland (1954 by extension to Barbados from the UK), Republic of the Seychelles (2008), United Mexican States (2009), Republic of Ghana (2008) and Luxembourg (2009). The last two (2) are awaiting ratification for entry into force. However, Barbados has notified Ghana that it has

completed its ratifications procedures as required by law, and is awaiting their submission. It is important to note that the CARICOM DTA treaty is considered as ten (10) individual treaties. In this regard, the treaty network is in effect with thirty (30) countries inclusive of the signatories to the CARICOM DTA, Guyana, Jamaica, Trinidad and Tobago, Antigua, Belize, Dominica, Grenada, Montserrat, St. Lucia, St. Vincent, St. Kitts, Nevis and Anguilla. With regards to Bilateral Investment Treaties (BITs), the Barbados/BelgiumLuxembourg Economic Union BIT was signed on May 29, 2009 but is awaiting ratification before its entry into force. In addition, the BIT with Ghana was ratified and entered into force in May 2009. Barbados has ten (10) BITs in force with the following countries: the United Kingdom, Venezuela, Germany, Switzerland, Italy, Cuba, Canada, China, Mauritius and Ghana. 73

Barbados Economic and Social Report 2009

IV. Sectoral Performance

TABLE 4.5-2 Total Number of International Business Entities Licensed 2004 -- 20091 ___________________________________________________________ 2004

2005

2006

2007R

2008

2009P

2 137

2 323

2 714

2 448

2 995

FSCs2

182

170

Exempt Insurance Companies

183

194

202

164

Exempt Insurance Management Companies

Offshore Banks

240

258

391

417

524

486

2 821

3 030

3 488

3 156

3 785

3417

____________________________________________________________ IBCs

2 859

Societies with Restricted Liabilitiy Total

SOURCE: International Business Division Ministry of Economic Affairs and Development NOTES:

The figures represent annual renewals of International Business Entities plus newly licensed ones.

The figures represent existing FSCs that renew their licences annually. It is expected that the FSC regime would be phased out over time.

SERVICE DEVELOPMENT

The Government of Barbados remained committed to the strengthening of the institutional framework for the development of Barbados as a services economy. During 2009, the Barbados Government developed a Trade in Services policy with regard to CARICOM issues.

infrastructure in place to become a single policy space thus laying the foundation for the attraction of foreign investment. The International Business Division during 2009, ensured that the Services segment of the CARICOM Investment code addressed the needs of both the public and private sector and sought to accomplish the requirements of the region.

During the review period, CARICOM continued its internal negotiations on the CARICOM Investment Code which seeks to regularize the entry of investment into CARICOM by extra–CARICOM investors, while ensuring the unrestricted cross-border movement of investors of CARICOM States. This harmonized approach ensures that CARICOM is viewed by extra-regional investors as a region interested in putting the

During 2009, CARICOM and Canadian Heads of Government entered into negotiations of a Trade and Development Agreement. The Ministry provided comments and recommendations on the Draft Negotiating Brief to the negotiating bodies. Among other things, the IBD supported recommendations that CARICOM should seek to:

Barbados Economic and Social Report 2009

•

• •

Secure an agreement that preserves the right of CARICOM States to pursue national development through active public policies; and promotes regional integration under the Single Market and Economy process and that takes into account the particular sensitivities and needs of individual countries and/sub-groupings within the CARICOM; Promote investment in sectors where CARICOM currently lacks capacity; Ensure that the Services provisions take into account the differences in levels of development of the Parties through asymmetrical commitments and special and differential treatment.

RESEARCH AND DEVELOPMENT During 2009 , the focus for Research and Development remained on the expansion and diversification of the international business sector. To this end, the research and development section continued to focus on the following areas:

•

Revised Drafting Instructions on the Trust and Corporate Service Providers Bill;

•

Reviews of International Businessrelated legislation as well as the application forms in an effort to better reflect recommendations made by the Financial Action Task Force (FATF) to bring Barbados in line with current international best practices;

•

The creation of Private Trust Company legislation;

•

Increasing the reserve powers of the Trust Settlor as well as clearly defining trust business in local legislation;

•

Research on Foundations and “Family Offices” legislation in the hope that Barbados can add these new financial vehicles to the suite of international business products this country offers.

IV. Sectoral Performance

F. ENERGY AND UTILITIES The Barbados National Oil Company drilled seven (7) new wells during 2009. At December 2009, an estimated 2.2 million barrels (bbls) of crude oil and 4,307,694 thousand cubic feet (mcf) of gas were available for extraction. The products extracted during the year were drawn from existing wells, including those drilled in 2005 and commissioned in 2006. The wells drilled in 2009 were not brought online.

PRODUCTION During 2009, production of crude oil declined by approximately 4.3 per cent. Production for 2009 stood at 277,692 bbls while output for the same period during 2008 accounted for 289,692 bbls. The decline was mainly attributed to the fact that no new wells came online to complement the existing ones. In 2009, natural gas production registered 698,480 million cubic feet (mcf) representing a 4.0 per cent decrease when compared with 727,568 mcf produced in 2008. There was no Liquefied Petroleum Gas (LPG) production during 2009 given that the LPG plant was out of commission.

OIL AND GAS SALES Oil sales for 2009 decreased by 3.1 per cent, to 280,332 bbls compared with 289,252 bbls in 2008. Gas sales in 2009 totalled 487,774 mcf representing a 2.7 per cent increase above the total sold the previous year. Sales by volume in the National Petroleum Corporation (NPC) inventory increased by 8.1 per cent, from 11,165,735 cubic metres in 2008 to 12,074,613 cubic metres in 2009. Due to the low availability in the volumes of gas for sale, the NPC was unable to sell gas to the Barbados Light and Power Company Limited (BL&P). However, the NPC connected new commercial entities who purchased gas at a higher rate than BL&P. As a result, the value of sales increased by 3.2 per cent to $14.2 million from $13.8 million the previous year. During 2009, all sectors registered slight increases in consumption.

Barbados Economic and Social Report 2009

CAPITAL WORKS PROGRAMME The National Petroleum Corporation’s (NPC) expansion programme continued during the year as the network of mains increased by 1.96 miles. During the period under consideration, connections rose by 335 to a base of 23,129 new customers.

ELECTRICITY Electricity sales for 2009 increased by 1.6 per cent to 951.3 million kWh compared with 936.0 million Kwh in 2008. The largest category of users continued to be the Domestic Sector, accounting for 32.2 per cent of total sales or 306.6 million Kwh. The Barbados Light and Power Company Limited (BL&P) invested $15.8 million to upgrade its capital infrastructure to accommodate forecasted demand.

REFINED PETROLEUM PRODUCTS In 2009, there was an overall improvement in the demand for refined petroleum products when compared with 2008. Gasoline consumption grew by 0.7 per cent to 823,693 bbls from 817,603 bbls in 2008. Fuel oil consumption, in contrast with the previous year, increased some 4.7 per cent to 1,560,006 bbls. Diesel consumption declined by 7.7 per cent to 755,928 bbls compared with 819,114 bbls the previous year. On the other hand Kerosene sales also increased in 2009 by some 54.0 per cent to record total sales of 3,561 bbls. As a result of the continuous movement in the international oil prices, the local market continued to adjust the domestic fuel prices during 2009.

NATURAL RESOURCES In 2009, no major projects were undertaken in natural resources. The Government of Barbados continued discussions with BHP Billiton, with a view to agree to terms and conditions for the award of a licence for oil exploration off Barbados’ shores.

FUEL IMPORT BILL For 2009, the fuel import bill was estimated at $341.6 million, which represents a decline of 76

IV. Sectoral Performance

52.1 per cent when compared with that for 2008 ($713.0 million). The estimated decline in the import bill was attributed primarily to declines in petroleum prices. With reference to the major fuels: gasoline, diesel and oil imported during 2009, there was an overall increase.

G. COMMERCE AND CONSUMER AFFAIRS In 2009, the Department of Commerce and Consumer Affairs (DCCA) continued to advance and promote commerce and consumerism in Barbados.

LICENSING The Licensing Regime is the mechanism through which the commercial arm of the DCCA monitors trade between Barbados and other countries. Within the last year, a total of 17,360 import licences were processed for the importation of items originating from within and outside the region compared with 14,241 licences in 2008, a 21.9 per cent increase. Import Licences issued for commodities sourced regionally decreased by 0.9 per cent from 3,086 in 2008 to 3,056 in 2009. There were 10,488 licences processed for commodities originating external to the region (excluding vehicles) which represented an increase of 554 import licences or 5.6 per cent. Additionally , licences were also processed for vehicles in various categories. There were 2,482 licences issued for the importation of new vehicles, 1,261 licences issued for used/reconditioned vehicles, while forty-three (43) licences were processed for the temporary importation of vehicles. No export licences were issued in 2009.

PRICE MONITORING AND PRE-PACKAGED FOOD (LABELING STANDARDS) The Trading Standards Inspectorate (TSI) continued to carry out its mandate to oversee the monitoring of items under price control,

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Table 4.6-1 Oil, Gas & Utility Production & Consumption 2006 - 2009 2006

2007

2008

2009

JAN-DEC TOTAL

339,692 826,342 0

317,010 739,083 0

289,692 727,568 0

277,692 698,480 0

No. of wells drilled

OIL SALES (bbls) GAS SALES (Mcf)

347,070 461,225

303,632 493,157

289,252 474,952

280,332 487,774

PRODUCTION

Domestic Crude Oil (Bbls) Domestic Natural Gas (Mcf) Domestic LPG (Bbls)

NATURAL GAS SALES VOL. (CM) VALUE $ VOL. (CM) VALUE $ VOL. (CM) VALUE $ VOL. (CM) VALUE $ Residential 2352514 3479615 2430479 3594705 2477006 3663197 2508781 3710252 Commercial 5630846 6798939 6418518 7713527 7010495 8410887 7331623 8780397 Industrial 847615 534959 1493119 1011695 1111530 1101510 1418265 1115931 Special Industrial 2419995 1434941 1431754 1108149 566704 615970 815944 629614 TOTAL 11,250,970 12,248,454 11,773,870 13,428,076 11,165,735 13,791,564 12,074,613 14,236,194 NEW GAS CONNECTIONS Residential Commercial Total Natural Gas Connections

653 23 586

613 33 646

445 27 471

323 12 0

Mileage of Gas Mains Network Total to Date

10.55 325.66

4.52 311.79

3.67 315.46

1.96 317.42

1,020,362,298 976,422,704 903,397,751

1,049,230,450 1,002,914,950 940,844,762

512,656,250 493,059,262 460,253,173

1,068,378,200 1,022,925,099 951,230,822

139,203,255 200,943,277 132,924,296 294,772,352 56,176,355 79,378,216 903,397,751

143,266,336 209,993,849 137,886,895 300,018,732 60,056,364 89,622,586 940,844,762

137,083,318 200,588,317 140,338,380 299,885,687 61,634,100 96,445,017 935,974,819

122,867,500 218,786,294 156,847,538 306,555,417 62,560,950 83,637,132 951,254,831

44.16

50.74

24.56

15.84

39.71 n.a.

38.86 116,658

37.93 116,657

30.75 129,809

827,069 4,775 749,406 1,638,758

817,603 2,313 819,114 1,490,523

823,693 3,561 755,928 1,560,006

ELECTRICITY Gross Generation Net Generation Total Sales SALES (Kwh) Hotel Commercial Public Domestic Industrial Other TOTAL Capital Expenditure (million) Average Cost of Electricity (cents/kwh) No. of Customers

CONSUMPTION/SALES OF REFINED PRODUCTS (BBLS) Gasoline (Unleaded) Kerosene Diesel Fuel Oil

808,260 4,596 653,141 1,691,968

SOURCE: Ministry of Finance, Investment, Telecommunications and Energy

Barbados Economic and Social Report 2009

IV. Sectoral Performance

monitoring of the price movements of various Food and Non-Food commodities within the Basket of Basic Consumer Items (BBCI) and other similar surveys, as well as the enforcement of standards related to prepackaged foods.

CONSUMER CLAIMS TRIBUNAL During the period January to December 2009, the Consumer Claims Tribunal conducted twenty-nine (29) sittings and adjudicated in sixty-three (63) cases. Forty-three (43) cases were completed with cash settlements being awarded to forty-one (41) consumers, while two (2) consumers had their products replaced.

THE FAIR TRADING COMMISSION (FTC) THE ROLE OF THE COMMISSION The Fair Trading Commission was established to safeguard the interest of consumers, regulate utility services, monitor and

investigate the conduct of business enterprises and promote and maintain effective competition in the economy. The Commission derives its authority from the Fair Trading Commission Act, Cap. 326B, Consumer Protection Act, Cap. 326D, the Fair Competition Act, Cap. 326C, Utilities Regulation Act, Cap. 282 and certain provisions of the Telecommunications Act, Cap. 282B.

UTILITY REGULATION The Commission issued the Price Cap Plan 2008 Decision in June 2008 which governs the adjustment in the rates of Cable & Wireless (Barbados) Limited’s regulated telecommunications services for the period August 1, 2008 to March 31, 2012. Under this new price cap plan the Commission reduced the number of baskets to three (3) and reallocated some services to different baskets. There was also a rate freeze on residential line rentals from August 1, 2008 until December 31, 2009, which meant that the prices remained unchanged since August 2007.

TABLE 4.7-1 Import and Export Licences Processed 2009

Month

CARICOM

Extra-regional New (excluding vehicles) Vehicles

Temporary Vehicle Imports

Total

Jan

199

854

1,185

Feb

250

813

1,157

Mar

237

846

252

1,417

Apr

203

798

207

1,303

May

279

828

152

1,360

Jun

244

898

218

115

1,475

Jul

277

803

159

119

1,358

Aug

318

868

236

150

1,580

Sep

270

844

207

1,416

Oct

273

1078

362

1,814

Nov

257

920

249

132

1,588

Dec

249

938

383

137

1,707

3,056

10,488

2,482

1,261

17,330

Total

SOURCE: Ministry of Commerce and Consumer Affairs

Used/Recon. Vehicles

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Public consultation on a new Consolidated Reference Interconnection Offer (RIO) commenced on January 11, 2009 and all interested persons and stakeholders were given the opportunity to comment on the terms and conditions offered by C&W for interconnection with other carriers.

The 2008 - 2009 performance of C&W and the BL&P under the Standards of Service was made public in November 2009.

FAIR COMPETITION From complaints received and on its own initiative the Commission conducted inquiries into thirty-one (31) cases of alleged anticompetitive conduct during the year. The majority of the inquiries concerned allegations of abuse of dominance namely, price discrimination, predatory pricing, excessive pricing and general anti-competitive practices. In the period under review thirty (30) of these matters were resolved while one (1) was ongoing at the end of 2009.

On May 8, 2009, the Barbados Light & Power Company Limited (BL&P) submitted an Application for a review of electricity rates. The Commission notified the public and nine (9) parties were granted intervenor status. The rate review hearing commenced on October 7, 2009. Prior to this, the Commission had received an application from the BL&P in November 2008 in which the company sought approval of its Depreciation Policy. The Commission approved the Depreciation Policy in its decision issued on February 25, 2009. In considering the Application, the Commission held an Issues Conference and a four-day hearing in January 2009.

The Commission also responded to approximately twenty (20) queries related to matters of unfair competition. These related to construction, financial services, motor vehicle distribution, travel promotion, manufacturing and telecommunications.

TABLE 4.7-2 Number of Visits Undertaken to Perform Tasks 2009 Month

Inspections and Other Surveys Conducted

Per cent

Jan

Feb Mar

Aug Sep

Oct

Nov Dec Monthly Totals

902 938 974

836 881 736* 1070 836 918

958

841 929 10,819

8.3

7.7

8.9

7.8

8.7

9.0

Apr May Jun

8.1

6.8

Jul

9.89

7.7

8.5

8.6

100

SOURCE: Ministry of Commerce and Consumer Affairs

TABLE 4.7-3 Standards Enforcement 2009 Month

Aug

Sep

Oct

Nov Dec Monthly Totals

Inspections of containers 362 293 333 (daily)

345 433 390 421 361

401

361

432 384

4516

Inspections of containers 107 89 (overtime)

106 120 112

128 147

1273

487

457

560 531

5789

Totals

Jan

Feb Mar

101

469 382 434

Apr May Jun

Jul

451 553 502 515 448

SOURCE: Ministry of Commerce and Consumer Affairs

Barbados Economic and Social Report 2009

The Commission concluded investigation into the allegation that commercial banks were engaging in exclusive dealing, by requiring customers to choose from their lists of property valuers. As a result of its investigation into this activity the Commission issued a series of recommendations requiring commercial banks to allow customers the freedom to choose the valuer of their choice, insofar as the valuers meet requisite criteria.

CONSUMER PROTECTION The Commission intensified its work in several areas of Consumer Protection and continued to encourage businesses to introduce compliance programmes and voluntary codes of practice to reduce breaches of the Consumer Protection Act. Officers of the division made unscheduled visits to stores to check for compliance with the Consumer Protection Act. Out of the forty-nine (49) stores visited, twenty-one (21) were in breach of the law by displaying the “No Exchange No Refund” sign. As part of its outreach programme, the Commission visited twentythree (23) schools and eight (8) organisations. For the reporting period, the Commission reviewed forty-two (42) contracts for unfair contract terms. There were 1,089 terms examined for compliance with the Act of which 127 were found to be in breach of the Act. There were a total of 2,357 persons seeking guidance on consumer protection matters. Three hundred and twenty-eight (328) consumers visited the Commission seeking guidance about their rights as consumers, while sixty (60) written queries were received. There were thirty-one (31) complaints received for the year.

ADVISORY AND EDUCATIONAL PROGRAMMES On February 13, 2009, the Commission hosted its Fifth Annual Lecture entitled “Exclusionary Strategies of Dominant Firms – Do Small and Developing Economies Need a View of Their Own?” which was delivered by Professor Eleanor Fox of New York University.

IV. Sectoral Performance

The Commission, in collaboration with the Institute for Public Private Partnerships Inc. (IP3), also organised a training course on “Auditing and Review of Regulated Utilities”. The Commission also collaborated with the Fordham Competition Law Institute of Fordham University to host a one-week training course on Competition Law and Policy. The Commission continued its collaboration with the Small Business Association in a programme to educate small businesses on the provisions of the Fair Competition Act. The Commission undertook investigations in Barbados relating to crossborder allegations of anti-competitive conduct, as they arise. These investigations were done on behalf of the Community Competition Commission under Part 1X of the Fair Competition Act.

H. SMALL BUSINESS DEVELOPMENT OVERVIEW The small business sector during 2009 continued to play an integral role in the economic and social development of Barbados. The sector continued to be an important contributor to the overall standard of living in Barbados despite the challenges posed by the global financial and economic downturn. During 2009, the Business Development Unit undertook its first major research project on the small business sector in Barbados. This exercise provided a baseline statistic of 11,275 registered small businesses. The research also revealed that businesses employing twenty-five (25) or less persons were more labour intensive and accounted for 32,000 jobs or 24.8 per cent of the employed labour force as compared with 43.0 per cent for all incorporated companies.

LOAN AND EQUITY FINANCING During the review period, funding agencies established by Government to provide financing to the sector continued to carry out their mandate despite the challenges faced, in terms of managing their portfolios.

Barbados Economic and Social Report 2009

IV. Sectoral Performance

Summary statistics showed that Fund Access provided $3,081,814 in financing during 2009, which was $899,829 less than in 2008. These loans were distributed to sixty (60) clients across eleven (11) sub-sectors of the small business sector in 2009 compared with sixty-seven (67) clients in 2008. This financing created an addition seventy-three (73) jobs in 2009, adding to the 119 jobs that were created a year earlier. Information from Enterprise Growth Fund Limited (EGFL) showed that the institution approved $2,546,093.23 in loans and equity financing during 2009 for thirteen (13) clients. During 2009, Fund Access and EGFL provided a total of $5,627,907.23 in loan and equity financing to the small business sector. In an effort to support small businesses during 2009, Fund Access hosted a number of seminars and workshops designed to educate their clientele on the various strategies that should be undertaken to promote the survival

of small businesses. In addition, Fund Access engaged in more hand holding and guidance exercises with their clients, which attributed to only one (1) business closure over the period.

GRANT ASSISTANCE During the Financial Year 2008/2009, a new programme specific to the micro-sector was developed. This programme called the ‘National Micro Enterprise Programme’ was one (1) of Governments’ Empowerment Policy, designed to transform the lives of citizens of Barbados by allowing for greater selfsufficiency and financial independence. The National Micro Enterprise Programme was administered through the Business Development Unit, and executed through a grant facility. The Programmes offered access to capital for micro business owners or potential micro business owners who had an identifiable business need, but lack the finances to carry out that goal. During the review period, a total of $305,546.36 was approved and allocated over

Table 4.8-1 Financing Supplied by Fund Access 1998 -- 2009 Calendar Year

No. of Clients Approved

Additional Loans Approved

Refinanced Loans Approved

Value of Loans Approved $

Jobs Opportunities Created

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

169 89 46 32 30 60 82 71 72 62 67 60

13 19 17 10 7 1 8 6 4 1 2 6

----3 16 17 12 19 9 23 13

1,909,042 1,190,205 646,123 525,691 581,677 1,403,840 3,339,653 2,897,570 3,662,163 2,513,331 3,981,641 3,081,814

200 86 63 26 23 72 113 105 93 72 119 73

TOTAL

840

112

25,732,750

1,045

SOURCE: Fund Access

Barbados Economic and Social Report 2009

IV. Sectoral Performance

sixty (60) micro businesses. These sixty (60) businesses employed eighty-three (83) persons full-time and thirty (30) persons part-time.

YOUTH ENTREPRENEURSHIP SCHEME (YES) During 2009, YES recorded the following achievements:

APPROVED SMALL BUSINESSES During 2009, nine (9) applications were received for approved small business status under the Small Business Development Act, Cap. 318C. In terms of small businesses operating under the Act, grant assistance valued at $46,832.00, was provided to one (1) company through the Business Development Unit.

•

Provided business counselling to 210 new clients. Of this number, ninetyfive (95) were males and 115 were females.

•

Provided Entrepreneurial Development Training to144 clients. Provided Accounting Services to thirty-six (36) businesses.

•

In addition, the Business Development Unit started preliminary assessment exercises during the review period, in an effort to determine the impact of incentives on small businesses that have been granted approved status.

•

Provided Marketing Services to thirtynine (39) businesses.

•

Published three (3) issues of the YES! Magazine.

Table 4.8-2 Financing by Enterprise Growth Fund Limited for 2009 Fund

Approvals

Funding Approved

Agricultural Development Fund

$2,019,929.26

Disaster Relief Revolving Fund (Agriculture)

$26,163.97

Innovation Fund

$500,000.00

Total

$2,546,093.23

SOURCE: Enterprise Growth Fund Limited

YOUTH ENTREPRENEURSHIP During 2009, the Youth Entrepreneurship Scheme (YES) and the Barbados Youth Business Trust (BYBT) continued to advance the entrepreneurship drive for young people interested in developing their own business.

•

Published the Eighth Edition of YES Business Directory.

•

Assisted five (5) businesses to participate in the Body Mind and Spirit Expo.

•

Assisted in the creation of thirteen (13) new businesses.

Barbados Economic and Social Report 2009

•

Referred seven (7) clients for financial assistance in the amount of $120,000.00.

•

Hosted YES Enterprise Expo for fortyone (41) YES sponsored and assisted businesses at the Jubilee Gardens in Bridgetown.

•

Assisted twenty-four (24) businesses with technical assistance, valued at $44,395.00.

•

Produced and televised the 8th ‘Living the Dream’ television series featuring ten (10) young entrepreneurs.

IV. Sectoral Performance

BARBADOS YOUTH BUSINESS TRUST (BYBT) During the review period, BYBT provided financial assistance to the tune of $315,558.39. Of this amount, $285,326.90 was provided as loan financing, $5,011.78 as grants while the remaining $25,219.71 was provided as business support. A total of eighty-six (86) young persons benefited from this assistance, with twenty-four (24) young persons being successful in acquiring a loan from BYBT and twelve (12) awarded grants. Another fifty (50) young persons received business support assistance. Output from this assistance was the generation of employment. A total of seventy (70) jobs were created fifty-two (52) full-time and eighteen (18) part-time.

Barbados Economic and Social Report 2009

V. Social Sector Development

V. SOCIAL SECTOR DEVELOPMENT A. EDUCATION

AND

TRAINING

OVERVIEW The Ministry of Education and Human Resource Development (MEHRD) continued to place emphasis on the development of education through curriculum reform initiatives. These included: the Education Sector Enhancement Programme (ESEP); increased access to early childhood education; the National Reading Plan; as well as the domestic programme and other ongoing initiatives. Criterion Reference Test and Reading Level Test were carried out in primary schools and the Nursery Education Expansion Programme continued with plans to build another nursery school at Sharon in St. Thomas. In addition, seventy-one (71) students were placed in special education programmes.

EDUCATION BUDGET Approved expenditure of the Ministry of Education and Human Resource Development (MEHRD) for financial year 2009/10 totalled $521.6 million, a 7.4 per cent increase over the $485.8 million approved for the financial year 2008/09. Secondary education received $129.0 million, an increase of 9.0 per cent compared with the $118.3 million received in 2008/09. Tertiary Education was allocated $161.7 million, a 1.0 per cent decrease below the previous year’s figure. Primary Education received $142.6 million compared with the $128.5 million received for the financial year 2008/09. Special Services increased by $9.2 million from the $35.3 million allocated in 2008/09, to $44.5 million in 2009/10. The allocation of expenditure to Teacher Training for the financial year 2009/10 was $4.7 million. Central Administration received $16.8 million, an increase of $2.6 million over the 2008/09 figure of $14.2 million.

EDUCATION SECTOR ENHANCEMENT PROGRAMME (EDUTECH 2000) CIVIL WORKS Minor civil works were completed during the reporting period at six (6) primary and six (6) secondary schools to support the installation and communication technology. Civil works commenced at Harrison College Secondary School and Staple Grove Primary School.

TECHNOLOGICAL INFRASTRUCTURE The deployment of hardware was completed from the IDB10 Hardware Tender to forty-nine (49) primary schools and three (3) secondary schools. The procurement and delivery of hardware was completed for twentyseven (27) primary schools and four (4) secondary schools as provided under the IDB11 Hardware Tender. Refresher equipment was provided for eight (8) public primary schools, one (1) special school and four (4) secondary schools. This equipment included servers, printers, projectors, scanners and electronic white boards. In addition, the schools-wide distribution of the Microsoft Forefront Antivirus Software was instituted, along with the continued monitoring of the deployment of the EMIS software.

HUMAN RESOURCE DEVELOPMENT The provision of the Certificate in Information Technology at the Samuel Jackman Prescod Polytechnic (SJPP) helped to improve and increase the relevant skills available to the Ministry on technology related matters. In addition, three (3) Empowering Administrators Workshops were held for school and Ministry officials during the review period.

Barbados Economic and Social Report 2009

CURRICULUM REFORM DEVELOPMENT

V. Social Sector Development

EARLY CHILDHOOD EDUCATION

AND

During 2009, a total of forty-two (42) primary schools, eight (8) annexes and special units, one (1) infant school, and one (1) nursery school benefited from the services of the parents’ support. Fifty-nine (59) parents were assigned last year when compared with the fifty-two (52) for this period.

Several special education training workshops in the application of appropriate teaching methodologies, to effectively utilize the revised curriculum for teachers across various subject areas, were held during 2009. However, the revised curriculum placed emphasis on problem solving and critical thinking skills.

Principals, teachers, and parents were also exposed to training programmes which included: modules on guidelines for the Parent Volunteer Support programme; creating a stimulating learning environment; the project approach; music and story-telling; and the inclusion of students with special needs.

TEACHER TRAINING AND EVALUATION Two (2) training sessions for fifty-six (56) participants in the certificate in Management and Administration were conducted at Erdiston Teachers College. In addition, officers from the MEHRD were trained in Competence Based Assessment Conduct.

EXAMINATION

Forty (40) principals from nursery, primary and secondary schools were evaluated by senior staff of the MEHRD. The Ministry was committed to the expansion of the Early Childhood Education Programme in order to accommodate all three (3) year olds. During the year, the Ministry tested 7-9 year-olds for speech, hearing and sight defects, and expanded and improved the provision of educational services for students with special needs.

The Testing and Measurement Unit undertook various programmes to enhance the quality of output of both teachers and students. The Barbados Secondary School Entrance Examination (BSSEE) was administered to 3,584 students. The national mean for boys in English, increased by 3.5 per cent, while it increased by 4.6 per cent for girls during 2009. Comparatively, Mathematics increased by 3.9 per cent for males and 5.9 per cent for females in 2009.

TABLE 5.1-1 Primary and Secondary Enrolments 2001/2002 - 2008/2009 Primary

Secondary

Male

Female

Total

Male

Female

Total

2001/02

14,942

14,500

29,442

10,755

10,681

21,436

2002/03

14,812

14,183

28,995

10,711

10,803

21,514

2003/04

14,388

13,936

28,324

10,932

10,945

21,877

2004/05

14,093

13,726

27,819

11,079

10,849

21,928

2005/06

14,303

13,694

27,997

10,682

10,860

21,542

2006/07

14,063

13,543

27,606

10,694

10,754

21,448

2007/08

13,700

13,394

27,094

10,674

10,708

21,382

2008/09

14,217

13,736

27,953

10,338

10,478

20,816

SOURCE: Ministry of Education and Human Resource Development

Barbados Economic and Social Report 2009

PRIMARY AND SECONDARY ENROLMENTS During 2008/09, 27,953 students were enrolled at primary schools, 3.2 per cent above the 27,094 enrolled the previous year. Of this number, 14,217 were males and 13,736 were females. This continued the trend of more males being enrolled at the primary level than females. In this case, 481 more males than females were enrolled in the academic year 2008/09, while at the secondary level, 20,816 were enrolled. Of this figure, 10,338 were males and 10,478 were females.

TERTIARY ENROLMENT During the review period, the total number of Barbadian students enrolled at the University of the West Indies (UWI) was 7,781. Those enrolled at the Barbados Community College totalled 4,576 while Erdiston enlisted 289 students. In contrast, 2,887 students were enrolled at the Samuel Jackman Prescod Polytechnic. Out of this total, 1,011 males and 604 females out of the 1,617 students registered, participated in the distance and continuing education programmes.

BARBADIAN STUDENTS ENROLLED AT THE UNIVERSITY OF THE WEST INDIES BY FACULTY 2009/2010 The faculty of Social Sciences enrolled a total of 3,627 Barbadian students, an increase of 14.0 per cent or 446 students. There were increases in both the enrolment of female and male students. Females enrolled were 2,565 or 70.7 per cent and males enrolled were 1,062 or 29.3 per cent of the overall total number of students enrolled. This faculty recorded 62.1 per cent of the overall total number of Barbadian students (5,837) enrolled at the University of the West Indies during the review period. Humanities and Education enrolled a total of 1,130 students, a decrease of 15.0 per cent. This enrolment comprised 842 females (74.5 per cent) and 288 males (25.5 per cent). This enrolment figure reflected 19.4 per cent of the overall total enrolment of students for the academic year. Science and Technology, recorded a total enrolment of 900 Barbadian students, Law (100), and Medicine and Research (80). Of these totals, the females dominated the 86

V. Social Sector Development

ratio of male to female enrolment except for Science and Technology where there were 506 males to 394 females enrolled.

EDUCATION PROJECT IMPLEMENTATION UNIT (EPIU) The EPIU has specific responsibility for the co-ordination and implementation of capital projects and programmes of the MEHRD. During 2009, fifty-seven (57) contracts valued at BDS$111.1 million were awarded for works at thirty-four (34) primary schools, nineteen (19) secondary schools and four (4) private schools.

STUDENT SERVICES During the academic year 2009/10, 181 students were screened for issues pertaining to non-performance in schools and behavioural problems. A total of fifty-four (54) psychological assessments were done and nine (9) cases were referred to a child psychiatrist for a psychiatric assessment and intervention. Eleven (11) students were counselled as a result of pregnancy, and 1,456 students were investigated for school attendance concerns. There was also a parenting programme entitled, “Parents on Board” which was conducted for the parents of fifty (50) children referred for behavioural problems.

BARBADOS COMMUNITY COLLEGE The Barbados Community College (BCC) academic achievements for the year 2009 were three (3) Barbados Exhibitions and one (1) Award of Excellence. There were other special awards in design and tourism. During 2009, students at BCC benefited from overseas internership programmes and trips that exposed them to various types of learning and educational opportunities. Students also engaged in various extracurricular activities, one (1) of which saw a group of eight (8) students from the division of General and Continuing Education, participate in a one-day workshop sponsored by UNICEF. In addition, the BCC also reaped success in a number of sporting activities, mainly volleyball and cricket.

1593

SJPP

126

1351

2332

2676

306

2370

Female

Male

184

163

2944 1643

3448 1242

4018 1305

488

3530 1121

Total

139

1518

2483

2566

322

2244

Female

2004/2005

226

3161

3725

3871

506

3365

Total

1726

1429

1595

207

1388

Male

1110

2685

3187

362

2825

2836

4114

4782

569

4213

Female Total

2005/2006

SOURCE: Ministry of Education and Human Resource Development

1116

B.C.C

Erdiston

1342

182

1160

Male

Total

graduates

Post-

Undergraduates

UWI

Institution

2003/2004

1524

1326

1638

163

1475

Male

138

1248

2539

3413

330

3083

188

2772

3865

5051

493

4558

Female Total

2006/2007

Tertiary Enrolments 2003/04 -- 2009/2010

TABLE 5.1-2

1632

1402

1783

146

1637

Male

192

1516

2886

3590

280

3310

Female

2007/2008

241

3148

4288

5373

426

4947

Total

1360

1459

1975

186

1789

Male

217

1512

3001

4054

343

3711

301

2872

4460

6029

529

5500

Female Total

2008/2009

Male

289

2887

4576

7781

Female Total

2009/2010

Barbados Economic and Social Report 2009 V. Social Sector Development

Barbados Economic and Social Report 2009

V. Social Sector Development

TABLE 5.1-3 Barbadian Students Enrolled at UWI by Faculty 2008/09 -- 2009/10 Faculty

Male

Female

Total

Male

Female

Total

Social Sciences

933

2248

3181

1062

2565

3627

Science & Technology

487

376

863

506

394

900

Medicine & Research

Law

100

246

642

888

297

861

1158

174

214

136

172

1742

3530

5272

1951

4086

6037

Humanities School of Education Total

SOURCE: Ministry of Education and Human Resource Development

SCHOLARSHIPS AND EXHIBITIONS Academic achievements for the year 2009 were eighteen (18) Barbados Scholarships, eighteen (18) Exhibitions, nine (9) Special Awards, eleven (11) National Development Scholarships, one (1) Barbados Award of Excellence, three (3) scholarships to China and two (2) Commonwealth Scholarships to the UK.

BARBADOS YOUTH SERVICE (BYS) The total number of trainees registered at the BYS was seventy (70), including fifty-eight (58) trainees who graduated at the end of the period. Thirteen (13) trainees participated in the Barbados Relay Fair in four (4) events and two (2) trainees competed in an exhibition hosted by Stonewall Boxing Promotions for which one (1) trainee received the first prize. Prior to the passing out parade, which comprised of eighty-nine (89) trainees, there

was a drill competition held on December 12, 2009. Twenty (20) trainees were involved in project “Give Back” which constituted a component of community service. Trainees were also enrolled under the skills phase in Remedial English, Remedial Mathematics, Information Technology, Office Administration, Principles of Business, Social Studies and Technical Drawing. Four (4) trainees undertook Caribbean Examination Council (CXC) examinations in Technical Drawing. In October 2009, in the Arts and Craft category eighteen (18) trainees enrolled in Air Brushing; Jewelry Making (14); Basketry (13); Leather Craft (15); and Wood Carving (24). There were ninety-two (92) trainees from referral sources. There were six (6) no responses to enrolment in the Arts and Craft category of the skills phase. The age distribution of trainees fell between 15-22 years, of which fifty-five (55) were males and thirty-seven (37) were females. At the BYS medical facility, 2,559 trainee health cases were seen by nurses and doctors during the review period.

Barbados Economic and Social Report 2009

V. Social Sector Development

YOUTH MAINSTREAMING PROGRAMME (FORMERLY PROJECT OASIS)

YOUTH ENTREPRENEURIAL SCHEME (YES) During 2009 the Youth Entrepreneurial Scheme (YES) provided business counseling and mentoring, entrepreneurial development training, direct technical assistance and access to financial assistance. It however encountered challenges with clients seeking to access adequate financing to acquire the technical assistance, and start-up capital that is necessary in a timely manner. Furthermore, other challenges such as insufficient data on the micro and small business sector, and limited human and financial resources to fulfill its mandate and growth potential were also encountered.

During the review period, the Youth Mainstreaming Programme achieved many of its objectives. Through its Education Programme at the Hospitality Institute of the Barbados Community College (BCC), twenty (20) students completed the course in International Cookery, and forty (40) persons enrolled at the Samuel Jackman Prescod Polytechnic for courses in Cake and Pastry, and Cookery. In addition, 208 persons commenced studies at the SJPP in Electrical Installation (15), Computer Repairs (20), Auto Mechanics (15), Cookery (20), Cake and Pastry (20) and Nail Care (40). Also, twenty (20) persons completed the course in International Cookery at the BCC. There were also thirty (30) persons passing courses in Bob Cat training at the Barbados Vocational Training Board; twenty (20) persons in Digital Media Film; twenty (20) in Computer Repairs; twenty (20) in Cake and Pastry; eighteen (18) in Auto-body Repair; forty (40) in Bar Operations and forty (40) persons in Nail Care. In addition, one hundred (100) persons pursued studies in Mathematics and English at the SJPP.

Other major accomplishments of YES were the assistance in the creation of thirteen (13) new businesses. It also provided accounting services to thirty-six (36) businesses, marketing services to thirty-nine (39) businesses, entrepreneurial development training to 144 clients and hosted the YES Enterprise Expo for forty-one (41) sponsored and assisted businesses.

NATIONAL SPORTS COUNCIL (NSC) During the review period, the National Sports Council (NSC) undertook various capital

TABLE 5.1-4 Barbados Vocational Training Board Enrolment and Output of Skilled Manpower 2009/10 Enrolment Skills

Male

Female

Output Total

Male

Female

Total

Agricultural

Apparel/Sewn Product

Art/Craft

149

153

115

117

Beauty and Care Services

143

152

143

152

Commercial

Automotive Trade

Hospitality

125

Information Technology

Machine Appliance

Other

454

168

622

389

169

558

All Skills Programme

695

553

1248

566

506

1072

SOURCE: Barbados Vocational Training Board

Barbados Economic and Social Report 2009

V. Social Sector Development

projects comprising the construction and resurfacing of hard-courts, the development of playing fields and the construction of pavilions. The Council created a lighting programme and acquired portable lights to assist communities in the organization and facilitation of sports played at night. Special grants were given to assist associations in either hosting games, attending regional and international competitions, or for institutional development such as seminars and workshops. The NSC’s summer camp for 2009 enrolled approximately 1,600 students with the introduction of the free National Summer Camps conducted islandwide.

BARBADOS VOCATIONAL TRAINING BOARD Males continued to dominate enrolment in the more traditional male oriented skillstraining programmes. These included Automotive Trade, Machine and Appliance, Information Technology and other categories, which accounted for 54.1 per cent of the overall total number of persons enrolled. However, the

females outnumbered the males in the areas of Art and Craft, Hospitality, Apparel and Sewn Product, Beauty and Care Services, as well as in Agriculture. The output to enrolment ratio in the skills programmes accounted for approximately 85.9 per cent, a reduction of 5.9 per cent when compared with 2008.

STUDENT REVOLVING LOAN SCHEME There were 360 loan applications in 2008/2009, an increase of sixty-nine (69) compared with the 2007/08 total of 291. The numbers of approved and revised loans were 301 and 316 respectively in 2008/09. Of the total number of loan applications, 83.6 per cent were approved in comparison with 93.1 per cent in 2007/08, a decrease of 9.5 per cent.

B. POPULATION The resident population was estimated at 275.7 thousand persons at December 31, 2009. This represented an increase of 400 persons, when compared with 275.3 thousand in the previous year. There were 133.3 thousand males compared with 133.1 thousand in 2008. Females

TABLE 5.1-5 Student Revolving Loan Scheme Year

Loan Applications

Loans Revised

Loans Approved

2005/2006

391

264

248

2006/2007

408

274

261

2007/2008

291

271

2008/2009

360

316

301

Source: Ministry of Education and Human Resource Development

Barbados Economic and Social Report 2009

V. Social Sector Development

accounted for 142.4 thousand, or 51.7 per cent of the resident population, compared with 142.3 thousand for the corresponding period.

The rate of natural increase rose from 3.9 per thousand in 2008 to 4.1 per thousand in 2009. The natural increase in population, (the difference between births and deaths), was 1,131 persons, compared with 1,071 for 2008.

The total adult population was recorded at 213.1 thousand persons. This comprised 112.3 thousand females and 100.8 thousand males at the end of 2009. There were 112.1 thousand females and 107.6 thousand males in the adult population in 2008.

In 2009, the death rate decreased to record 8.8 per thousand of the population compared with 9.0 per thousand in 2008. There were 2,419 deaths during 2009, representing a decrease of fifty-seven (57) when 2,476 deaths were recorded in 2008. Male deaths accounted for 1,232 (50.9 per cent of total deaths), female deaths were 1,181, while six (6) deaths were recorded as not stated.

The birth rate of 2009 remained at 12.9 per thousand for the third consecutive year. There were 3,550 live births in 2009 compared with 3,547 in the previous year. Male births were 1,793 compared with 1,817 in 2008, while there were 1,757 female births compared with 1,730 in 2008.

Infant mortality fell in 2009 and was recorded at a rate of 8.7 per thousand births compared with 18.3 per thousand in 2008. There were thirty-one (31) infant deaths, thirty-four (34) less than the previous year, this comprised twenty-one (21) males and ten (10) females.

The rate of population growth decreased to 0.1 per cent in 2009 from 0.2 per cent in 2008.

TABLE 5.2-1 Births, Deaths and Infant Mortality 1992 -- 2009 Year 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009P

Live No. of Births

No. of Deaths

Natural Increase

Infant Mortality

4139 3781 3547 3473 3519 3784 3612 3882 3762 4051 3812 3748 3473 3508 3414 3537 3547 3550

2361 2399 2291 2481 2400 2297 2471 2428 2430 2407 2295 2274 2424 2162 2317 2213 2476 2419

1778 1382 1256 992 1119 1487 1141 1454 1332 1644 1517 1474 1049 1346 1097 1324 1071 1131

38 38 30 46 50 50 28 39 63 66 55 37 64 29 38 46 65 31

SOURCE: Barbados Statistical Service Figures are collected as registration occurs

Â&#x201E;Â&#x201E;Â&#x201E; 91

umber of raduate, by 656 or

Barbados Economic and Social Report 2009

V. Social Sector Development

Figure 18

Figure 19 Population Distribution 1990

0-4 5-9 10 - 14 15 - 19 20 - 24 25 - 29 30 - 34 35 - 39 40 - 44 45 - 49 50 - 54 55 - 59 60 - 64 65 - 69 70 - 74 75 - 79 80 +

Age Group

Population Distribution 2000 0-4 5-9 10 - 14 15 - 19 20 - 24 25 - 29 30 - 34 35 - 39 40 - 44 45 - 49 50 - 54 55 - 59 60 - 64 65 - 69 70 - 74 75 - 79 80+ 0

10 15 Persons ('000)

Persons ('000)

SOURCE: Barbados Statistical Service

C. HEALTH OVERVIEW During 2009, the Ministry of Health reorganised and refocused its strategic areas of action for the year. One of the initiatives undertaken was the re-evaluation of the relationship with the health related NGOs and substance abuse programmes. Consequently, the Ministry prepared contracts with five (5) of these NGOs; which acted to formalise the relationship and enhance communication and reporting between the Ministry and these organisations. Furthermore, the Ministry of Health continued to receive technical and financial assistance from the Pan American Health Organisation (PAHO), as well as, the 9th European Development Fund (EDF), to facilitate the continued implementation of the Barbados Strategic Plan for Health 2002-2012. The Ministry of Health was faced with the onset of the worldwide epidemic Influenza A H1N1, which resulted in increased surveillance at both the sea and air ports. At the end of October 2009, 155 cases and three (3) deaths from Influenza A H1N1 were confirmed in Barbados. The Ministry began the process of procuring vaccines for this influenza for distribution amongst the population, beginning with the most vulnerable groups. The Ministry continued to monitor Influenza A H1N1, and prepared for its anticipated second wave.

As a result of the increasing incidence of Chronic Non-Communicable Diseases (CNCD) in Barbados, the Ministry of Health embarked on a number of initiatives to address this issue. A Task Force on Physical Activity and Exercise was established to develop new ways to engage the population at a national level regarding the beneficial effects of exercise and physical activity, and to develop programmes to involve Barbadians from all walks of life in a national exercise initiative. In addition, the CNCDs Commission developed its Strategic Plan aimed at the reduction and prevention of Chronic NonCommunicable Diseases during financial year 2010. Furthermore, the Ministry of Health prepared the policy paper to facilitate the development of the legislation prohibiting the Sale of Tobacco to and by minors. This legislation was subsequently approved in Parliament, as an amendment to the Health Services Act.

HEALTH BUDGET For the fiscal year 2009/2010, the allocations for the National Insurance and Social Security Scheme; the Barbados Water Authority; the Sanitation Service Authority; and the Integrated Solid Waste Management Project were removed from the Ministry of Health Head of Expenditure. Consequently, the 2009/2010 allocation to the Ministry of Health decreased by 18.0 per cent compared with that for 2008/2009. In 2009/2010, the Ministry of Health

Barbados Economic and Social Report 2009

V. Social Sector Development

acute and secondary care, as well as mental health services, received approximately 49.0 per cent and 65.0 per cent in 2008/09 and 2009/10, respectively. Conversely, the Pharmaceutical Programme (BDS) was allocated 14.4 per cent in 2009/10 compared with 11.0 per cent in 2008/09.

was allocated $384.1 million which accounted for approximately 11.0 per cent of total government expenditure. This allocation was 24.0 per cent ($121.7 million) less than the actual expenditure for the financial year 2008/2009. Further analysis showed that Personal Emoluments accounted for 30.0 per cent ($115.5 million) of the total 2009/10 budgetary allocation. Therefore, the Ministry had $268.6 million available to carry out its activities in the health sector, which represented an overall reduction of 23.0 per cent from the previous year’s allocation of $347.3 million.

As evidenced in previous years, the Care of the Disabled Programme, as well as the Environmental Health Department, continued to receive the smallest share of the Health Sector Allocation in financial year 2009/10, 0.3 per cent and 1.4 per cent, respectively. Given the Ministry of Health’s reform agenda and its intention to change its health care model from one driven by institutional based care to one based on home and community care, as well as the Ministry’s plans to expand its Primary Health Care services, these statistics reemphasised the Ministry’s need to assign its limited resources appropriately.

In both financial years, 2008/09 and 2009/10, Hospital Services and the Pharmaceutical Programme (Barbados Drug Service – BDS) were the larger health related consumers of the budgetary allocation. Hospital Services, which include emergency,

TABLE 5.3-1 Health Expenditure by Programme Head 2003/2004 -- 2009/2010 Programme Head

2003/2004

Direction and Policy Formulation Services 8,708,109 EDF Program 0 Primary Health Care 58,294,218 Hospital Services 136,156,642 Care of the Disabled 1,118,931 Pharmaceutical Programme 32,312,187 Care of the Elderly NA HIV/Prevention and Control Programme 11,806,916 Environmental Health Services NA SSA NA Solid Waste NA NIS NA Barbados Water Authority NA Special Event -World Cup NA Total

248,397,003

2004/2005R

2005/2006R

2006/2007R

2007/2008P

2008/2009

2009/2010

12,515,508 14,365,366 10,533,262 7,031,000 0 3,904,892 91,105,177 5,605,830 5,848,239 175,399,222 145,406,859 169,026,900 3,215,601 840,324 891,711

1,647,405 6,516,977 9,469,736 72,267,850 948,018

14,134,645 0 72,320,733 172,969,675 2,618,709

14,265,827 6,250,000 72,223,863 168,567,995 2,734,639

35,514,974 NA

37,000,000 NA

39,467,193 NA

35,161,846 NA

38,658,206 13,927,118

38,702,858 14,171,549

9,143,873

9,036,802

11,802,916

8,794,377

12,258,324

11,093,076

NA NA NA NA

54,234,796 NA NA NA

3,361,879 55,700,000 4,992,773 21,764,107

3,753,809 NA NA NA

6,954,603

2,776,796

3,183,121

184,440

306,702,609

310,079,126

350,674,341 267,370,634

340,867,411 268,571,278

SOURCE: Ministry of Health, Planning Unit Note: Allocation figures exclude personal emoluments and any supplementary received

Barbados Economic and Social Report 2009

The major health related17 consumers of public health funding for the period under review were Hospital Services (49.0 per cent), the Pharmaceutical Programme (11.0 per cent) and Care of the Elderly Programme (4 per cent). Of note, there was a 4.0 per cent, or $9.4 million reduction in expenditure on Hospital Services and the HIV/AIDS Prevention, while Control Project recorded a 10.0 per cent decline in its expenditure 2008/09 compared with 2007/08.

QUALITY ASSURANCE

HEALTH SYSTEMS DEVELOPMENT

HEALTH TOURISM

C OMBATING CHRONIC NON -COMMUNICABLE DISEASES

During 2009, the Ministry of Health took the initiative to explore the possibilities for the development of a Health and Wellness Tourism Market. The Health and Wellness Tourism Development Task Force was established and chaired by the Ministry of Health in January 2009, it comprises individuals from various governmental departments, agencies and the private sector. The Task Force prepared a thorough report on the ‘Proposal for the Development of a Health and Wellness Tourism Industry in Barbados’ which was approved by Cabinet.

The burden of chronic non-communicable diseases (CNCDs) remained a concern for Barbados during 2009. To this end, a number of high visibility strategies weredirected at promoting healthy lifestyles. The National Chronic Non-Communicable Diseases Commission finalized a Strategic Plan for CNCDs in June 2009. A number of medical and nursing personnel in the polyclinics were trained in the use of agreed treatment protocol for the management of diabetes. At the end of the reporting, at least 80 per cent of health professionals in the public sector were trained in the use of Automated External Defibrillators (AEDs) and in Basic Cardiac Life Support (BCLS). The Chronic Disease Research Centre (CDRC) of the University of the West Indies (UWI), contracted by the Ministry of Health, established the Barbados National Registry (BNR) for chronic non-communicable diseases. The primary aim of the BNR is to collect information on patients with stroke, cancer and Acute Myocardial Infarction (AMI), in order to provide decision makers with timely and accurate data on the incidence of and mortality from these diseases in Barbados.

Between 2007and 2009, two Ministerial reshuffles occurred resulting in National Insurance and Social Security Scheme, the Barbados Water Authority and the Sanitation Service Authority being assigned to the Ministry of Health in 2007-2008 and subsequently reassigned along with the Integrated Solid Waste Management Project in 2008-2009. 17

V. Social Sector Development

The Ministry of Health has recognised that efficiency in the health sector is dependent on quality assurance in personal and populationbased services. As a result, in the month of September 2009, the Cabinet approved the policy for the establishment of a National Quality Council which will be given the legislative authority to enforce regulations in the health sector.

MENTAL HEALTH SERVICES At the end of November 2009, total patient admissions at the Psychiatric Hospital were 1023. Of these admissions, 184 were first admissions and 834 accounted for readmissions. The average length of stay at the Psychiatric Hospital was 146 days. The maximum number of patients on any day reached 529 while the minimum number of patients on any day was 489. During the period under review, the temporary post of Coordinator-- Mental Health Reform was created in April 2009 to provide strategic and operational leadership for the Mental Health Reform Programme. The National Mental Health Commission which was launched March 2009 acts as advisor, facilitator, enabler and supporter to the National Approach to the Mental Health Reform programme. In addition, the post of Community Health Nurse was created in September 2009, to provide proper recognition and remuneration to the nurses who work in the community.

Barbados Economic and Social Report 2009

The World Health Organisation Assessment Instrument on Mental Health Systems (WHO-AIMS) was developed to evaluate mental health systems in low and middle income countries. A Draft World Health Organisation Assessment Instrument on Mental Health Systems (WHO-AIMS) Report in Barbados was completed with the assistance of the Pan American Health Organisation (PAHO) and was submitted for review to the Ministry in September 2009. During the month of December 2009, thirteen (13) doctors and seven (7) medical clerks were trained through PAHO in ICD10 Coding. The International Classification of Diseases (ICD) is used to classify diseases and other health problems recorded on many types of health and vital records including death certificates and health records. This training was conducted to facilitate the implementation of the Mental Health Minimum Dataset – an instrument developed to collect data on issues relating to policy and legislative framework and the general function of Mental Health Services in Barbados and the OECS. The Ministry, through PAHO, also conducted an evaluation of the Residential Substance Abuse Treatment Programmes in Barbados.

HEALTH INFORMATION SYSTEMS (HIS) During 2009, the Health Information Systems Task Force completed a Health Information System Policy and Strategy for the Ministry of Health. This was incorporated in the Strategic Plan for National Information and Communication Technologies 2009-2015 which was prepared by the Ministry of Economic Affairs, Empowerment, Innovation, Trade, Industry and Commerce. Subsequently, this draft Strategic Plan was approved by Cabinet in October 2009. The Ministry of Health decided to develop a single Health Information system for the sector inclusive of its various segments – QEH, polyclinics, other public health institutions, NGOs and the private sector. To this end, a consultant was hired to assist in the development of the Request for Proposals for the HIS.

V. Social Sector Development

PROJECTS ST. JOHN POLYCLINIC During 2009, consultants completed the necessary architectural and structural drawings, as well as, the Bills of Quantities needed for construction of the St. John Polyclinic. There were some delays in this process resulting from changes to the previous requirements of the clinic and the inclusion of an on-site sewerage plant. Advertising for the tender for construction work for the polyclinic commenced in December 2009. ST. JOSEPH HOSPITAL In June 2009, the Ministry of Health engaged consultants to carry out structural assessments of the St. Joseph Hospital and Villa Marie buildings to facilitate their possible reintegration into the health sector. The consultants completed their assessments of the buildings and submitted their report to the Ministry. This report was incorporated in a Paper, regarding the reintegration of the St. Joseph Hospital into the Health Services of Barbados, which the Ministry submitted to Cabinet for approval. AMALGAMATION OF LABORATORY SERVICES In 2009, Cabinet approved a Paper on the amalgamation of the laboratory services of the Public Health Laboratory (PHL), Ladymeade Reference Unit (LRU) and the Leptospira Laboratory (LL). It agreed that negotiations be entered into with a private firm for design and construction supervision services for the amalgamation of the laboratories. The Ministry of Health, in association with the Centre for Disease Control (CDC), started developing a 3 year strategic framework for laboratories services in Barbados.

BARBADOS DRUG SERVICE During the year, the BDS continued to work with the Ministry of Health in the restructuring process of the organization. In addition, it established linkages with Pharmaceutical Drug Distributors to facilitate processing of duty free certificates and access records of pharmaceutical sales on line. 95

Barbados Economic and Social Report 2009

V. Social Sector Development

TABLE 5.3-2 Drug Service Expenditure for the Fiscal Year 2006/07 -- 2009/10 Year

Expenditure on

Expenditure on the Total Expenditure

Drugs in the Public

the Special Benefit

on Drugs

Sector

Service

BDS$

2006-2007

11,403,711

31,587,931

42,991,642

2007-2008

10,439,220

36,535,775

46,974,994

2008-2009

8,032,625

27,437,194

35,470,819

2009-2010 P

14,400,000

37,447,181

51,847,181

SOURCE: Barbados Drug Service

The BDS records showed that over the last three (3) years overall expenditure escalated annually. Between 2007/08 and 2008/09 the BDS experienced a 24.0 per cent increase in expenditure on drugs in the public sector which

is approximately $2.5 million due to the socioeconomic factors stated above. The provisional figures for 2009/10 also indicated an estimated increase of 11.0 per cent in expenditure by the Service.

TABLE 5.3-3 Expenditure on the Number of Prescriptions filled in the Public Sector 2006/2007 to 2009/2010 Year

No. Rx’s

2006/2007

660,574

11,403,711

17.26

2007/2008

662,627

10,439,220

15.75

731,637

12,932,110

17.67

773,499

14,400,000

18.61

2008/2009 2009/2010

Expenditure $

SOURCE: Barbados Drug Service

Prescriptions filled in the public sector have increased steadily over the years (2006 – 2009 p ). The percentage increases were

approximately 10.0 per cent and 6.0 per cent respectively between 2007-08/2008-09 and 2008-09/2009-10 P

Barbados Economic and Social Report 2009

V. Social Sector Development

QUEEN ELIZABETH HOSPITAL

with consultants, to undertake feasibility studies for construction of a new hospital.

During 2008/09, Obstetrics, Medicine, Surgery, Paediatrics and Gynaecology were the leading in-patient services by admissions. Figure 20 Breakdown of the Leading In-Patient Services for 2008/2009

Other 25%

Medicine 19% Paediatric Unit 10%

Ophthalmic 5%

QEH RECAPITALISATION PROGRAMME During 2009, the QEH acquired a loan for $35.0 million from the NIS to fund the replacement of ageing and obsolete equipment and to undertake the refurbishment of critical areas of the plant. This was to restore acceptable standards of clinical and support services at the QEH. Using $15.0 million, of these funds, the following sub-projects were started by the QEH:

Surgery 13%

Obstretics 20%

•

the expansion of the Surgical Intensive Care Unit (SICU) to a thirteen (13) bed facility;

•

the design phase of the Electrical Upgrade which was completed;

•

refurbishment work on the QEH cafeteria ;

•

the design phase of the expansion of the cardiac suite;

•

renovations to building #8 on the Enmore site; and

•

the purchase of several pieces of medical and non-medical equipment to improve the clinical and the support services, respectively, offered by the hospital.

Gynaecology 8%

SOURCE: Queen Elizabeth Hospital

Total admissions for the period 2008/09 were 22,366. This was 236 lower than the previous period. There was a 0.3 per cent reduction in the death rate for this period, while the average length of stay increased by 0.3 per cent. Attendances in Accident and Emergency continued to decline, falling by 11.0 per cent, or 4,731, compared with the number in 2007/08. The number of new outpatients for 2008/09 was 6.0 per cent, or 749; while the total number of outpatient visits increased by 4.0 per cent, or 3,837, more than those for the previous period.

QEH REDEVELOPMENT PROJECT During 2009, the QEH and the Ministry obtained approval of the Cabinet to negotiate TABLE 5.3-4

QEH Utilization of In-patient and Out-patient Services 2007/2008 -- 2008/2009 Bed Utilisation: Out-patient and A & E Attendances Mean Bed Complement Admissions Bed Occupancy (per cent) Average Length of Stay Death rate (per cent) Discharges Annual Turnover Rate (mean per cent) Deliveries Outpatient Visits Accident and Emergency Attendances

April 2007 -March 2008 552 22,602 67.7 6.1 5.7 21,260 40.8

April 2008 -March 2009 552 22,366 71.3 6.4 5.4 21,161 40.5

3,308

3,316

91,522 41,326

95,359 36,595

SOURCE: Queen Elizabeth Hospital

Barbados Economic and Social Report 2009

EMERGENCY AMBULANCE SERVICE (EAS) During 2009, it was proposed that the headquarters of the EAS should be refurbished under the QEH Recapitalisation Project. Drawings for the proposed headquarters along with the upgrade of the dispatch system for the EAS were completed.

HIV/AIDS The HIV/AIDS Programme of the Ministry of Health continues to play a significant role in the prevention, treatment, care and support facets of the National AIDS Programme. As it relates to prevention, the Ministry of Health held a National Testing Day on June 27, 2009. This effort was the result of collaboration among Caribbean Media Partnership (CBMP) on HIV/AIDS, Scotia Bank and the Ministry of Health. The Ministry exceeded the target figure of 1,500 and tested a total of 1,553 individuals. The Policy on Prevention of Mother-ToChild Transmission (PMTCT) in Barbados was published by the United Nations Children’s Fund (UNICEF) and launched November 4, 2009 with their assistance. Its over-arching goal is to guide the health sector of Barbados in effectively implementing a comprehensive programme for the prevention and control of transmission of HIV from mother to child. Regarding the provision of care and support to people living with HIV and their relatives, the Ministry of Health officially opened the doors of the new HIV/AIDS Food Bank on October 21, 2009. It is known as the Vashti Inniss Empowerment Centre. The Ministry of Health evaluated the Domiciliary Care Programme, specifically the Elroy Phillips Centre, in order to improve the quality and efficiency of services provided at this institution.

ENVIRONMENTAL HEALTH SERVICES In order to maintain a healthy population, it is necessary to implement specific programmes and offer specialised services

V. Social Sector Development

geared towards providing a sustainable environment for healthy living. With this in mind, the Environmental Health Department continued to employ programmes which focus on reducing morbidity and mortality of diseases related to the environment. During 2009, the Leptospira Laboratory continued surveillance of all cases of leptospirosis, dengue fever and Hantavirus in Barbados. The lab reported that there was one (1) case of Dengue fever, six (6) confirmed cases of leptospirosis, in humans and eight (8) confirmed cases in animals. Forty-three (43) specimens out of a total of fifty-nine (59) tested positive for Hantavirus. In 2009, the Environmental Health Department undertook the Certified Institutional Hygiene Services Programme, in collaboration with the Barbados Community College. This programme, was developed to train maids and ancillary staff throughout Barbados (government and non-government), in appropriate hygiene practices. Sixty (60) persons were trained. The Food and Safety Training Programme continued during 2009 with 560 persons trained, increasing the total number of food handlers to 5,410. During 2009, the Ministry of Health engaged a consultant to assess the Vector Control Programme in Barbados. The Ministry began instituting the recommendations from the consultant’s report and partnered with PAHO to develop a Strategic Plan for the Vector Control Programme. During 2009, there were two (2) main surveillance concerns for port health officials. These were the Norway virus-like illness and the global outbreak of Influenza A H1N1. Subsequently, all vessels/aircraft arriving in Barbados were boarded and were cleared before passengers could disembark. The department also continued its inspection of the food landing at the ports of entry for wholesomeness for human consumption.

Barbados Economic and Social Report 2009

V. Social Sector Development

D. SOCIAL SERVICES

order that each person would reach his/her maximum potential.

This chapter continues coverage on the activities of the following social sector agencies: 1.

The National Disabilities Unit

The Urban Development Commission

The Welfare Department

The Child Care Board

The Department of Constituency Empowerment

The Rural Development Commission

The National Assistance Board

Community Development and Culture

The Bureau of Gender Affairs

NATIONAL DISABILITIES UNIT OBJECTIVES The objectives of the National Disabilities Unit are to: •

Create supportive environments which will favour the integration and participation in society of all Persons with Disabilities, their families and careers.

•

Promote equal opportunities in all areas of development of the lives of Persons with Disabilities that would enhance the quality of their lives in

•

Empower Persons with Disabilities and their organizations to become involved in the socio-economic development of the country.

•

Provide a framework for the planning of programmes, services and activities for both physically and mentally challenged persons.

•

Encourage and support on-going research in all areas that impact upon the lives of Persons with Disabilities.

ACCESSIBILITY PROGRAMME -- RAMPS/ ADJUSTMENTS TO BATHROOMS In 2009, the total number of beneficiaries of the accessibility programme increased some 45.0 per cent to 364 persons up from 251 in 2008. One of the reasons for this increase was general sensitisation and awareness of the programme as the services of the Unit became more widely known. On the other hand, there was an increased number of persons who received lower limb amputations in Barbados, attributable mainly to lifestyle choices. During the year, 155 persons comprising fifty-five (55) males and one hundred (100) females were loaned or provided with Aids to Daily Living (ADL) equipment. Sixty-nine (69) persons comprising twenty-six (26) males and forty-three (43) females benefited from the construction of ramps and bathroom adjustments. Additionally, 140 persons comprising forty (40) males and one hundred (100) females were loaned wheelchairs from the Unit’s appliance bank.

Barbados Economic and Social Report 2009

V. Social Sector Development

TABLE 5.4-1 Accessibility Programme 2005 -- 2009 Year

2005 2006 2007 2008 2009

Wheelchairs

Aids-to Daily Living

100

TOTAL

29 18 31 30 40

45 40 45 54 100

27 36 32 44 55

45 75 80 72 100

18 32 12 19 26

38 44 30 32 43

BENEFITS •

Residences of persons with impaired mobility have been made accessible to individual needs;

•

Families/care-givers were relieved from the burden of having to lift mobility impaired persons from or to their dwellings, to facilitate doctor or hospital appointments and other various endeavours;

•

Persons with impaired mobility were integrated/included in community activities, including going to church;

•

Ramps

As regards to structural adjustments to bathrooms, persons with impaired mobility can take care of their personal hygiene as far as possible, thus maintaining their dignity;

•

Enhancing quality of life in the ability to look after one self;

•

Persons with mobility challenges were given some degree of independence in movement in and around their built environment.

202 245 230 251 364

SIGN LANGUAGE Sign language courses are offered in two (2) phases; introductory and basic courses. During 2009, seven hundred and thirty-seven (737) persons completed introductory sign language classes, an increase of 51.9 per cent over the previous year. Likewise, two hundred and seventy-eight (278) adults completed basic courses at the end of the year, more than double that of the previous year when eighty-five (85) persons completed basic training in sign language. TABLE 5.4-2 Graduates of the Sign Language Classes 2006 to 2009 Class/Gender

2006 2007 2008 2009

CHILD Introduction - Male (M) Introduction - Female (F) Level I - M Level I - F Sub-total ADULT

6 24

72 251

323

52 239 53 141 485

156 463 14 104 737

Basic I (M) Basic I (F) Basic II (M) Basic II (F) Intermediate (M) Intermediate (F) Sub-total

12 104 7 65 1 42 231

21 166 2 53 3 36 281

4 43 1 25 2 10 85

11 182 3 53 1 28 278

Total

261

604

570

1015

Barbados Economic and Social Report 2009

V. Social Sector Development

BENEFITS •

the period July to August. The Camp catered to fifty-three (53) children (39 of whom were Children with Disabilities) in 2009, a reduction of 66.8 per cent over last year.

Reduction in negative attitude and stigma towards Persons with Hearing Impairment;

•

Over three thousand (3000) adults and children completed various levels of the Sign Language training;

•

Persons who were former students at Sign Language Courses are now facilitating Sign Language training in primary and secondary schools, and in some communities across the island;

•

Facilitates the integration and inclusion of hearing impaired persons in all aspects of community life, including employment, business and church;

•

Families/Care Givers indirectly benefit from the integration and inclusion of the hearing impaired into all aspects of community life.

RECREATIONAL ACTIVITIES PROGRAMME The Aquatic Activities programme continued to be one of the most sought after programmes of the National Disabilities Unit. Persons with Disabilities (PWDs), their family members and caregivers have enjoyed the benefits of participating in the aquatic activities. For January to March, the aquatic activity catered to one hundred (100) persons. During April to June, the National Disabilities Unit hosted three (3) aquatic activities sessions: at Bath Beach, St. John; Enterprise Beach, Christ Church; and Browne’s Beach, St. Michael. These catered to 154 persons. There were no aquatic activities during July to September, while during October to December there were five (5) catering to 308 persons. For the year, there were nine (9) activities catering to a total of 562 persons.

INTEGRATED SUMMER CAMP Accessibility of beaches and beach environs continued to be the focus in order to broaden the opportunities for persons islandwide who need to access aquatic activities.

The Integrated Summer Camp had a new format in 2009 as it was conducted under the auspices of the National Summer Camps over

TABLE 5.4-3 Participants of the Integrated Summer Camp 2003 -- 2009

Year 2003 2004 2005 2006 2007 2008 2009

Children with Disabilities 101 105 62 92 113 65 39

Children without Disabilities 91 97 99 142 137 95 14

TOTAL 192 202 161 232 250 160 53 101

Barbados Economic and Social Report 2009

Publicity of the programme in the print and electronic media has increased the interest and numbers of participants, not only in the programme, but also in the services provided generally by the Unit. The programme also dealt with issues of stigma and discrimination to encourage the public to recognize that Persons with Disabilities (PWDs) were engaged in pursuits normally undertaken only by the able-bodied. While accessible transportation remained a challenge, the persons participating are increasing every year as seen by those attending each activity. While activities are planned quarterly, some months may very well have three (3) activities accommodating participants from the North, South and Central areas. Participants are encouraged to have a relative accompany them thus reducing the need for the Unit’s adaptable transportation. The main source of referrals is the Rehabilitation Department of the Queen Elizabeth Hospital. A variety of professional services are necessary for the success of the programme including personnel from the Coast Guard, National Conservation Beach Rangers, Swimming and Diving Instructors of Underwater Barbados, therapists from the Rehabilitation Department of the Queen Elizabeth Hospital, as well as other volunteers. The Police Department also provides security. The range of activities is increasing according to the expressed needs of participants. These included blood pressure, blood sugar and cholesterol testing. There is also counselling, HIV/AIDS testing and information on foot care.

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V. Social Sector Development

ravages of the disease. For instance, there was further collaboration with the Ministry of Health and the Welfare Department. There was the launch of the sensitization campaign with much emphasis placed on greater youth involvement.

VOLUNTEER SUPPORT PROGRAMME Volunteers’ support over the period in review was rendered to enable the development of disability sports to the Barbados Blind Cricket Association and the Paralympics Association of Barbados. Coordination of a volunteer appreciation function and enrollment of a new cadre of volunteers is necessary.

SUBVENTIONS TO ORGANIZATIONS The following non-governmental organizations received subventions through the National Disabilities Unit during the year 2009-10: Special Olympics, Barbados Association for the Blind and Deaf, Multiple Sclerosis Society, Paralympics Association, National United Society for the Blind, the Barbados Blind Cricket Association and the Autism Association of Barbados and BARNOD.

SERVICES TO OTHER AGENCIES The Unit provided supervision for students of the University of the West Indies’ Social Work field placement programme on an annual basis. Information for projects was requested by students from various levels (primary to tertiary).

THE URBAN DEVELOPMENT COMMISSION

HIV/AIDS AND SEXUALITY AWARENESS PROGRAMME

TRANSFER OF TITLE PROGRAMME

The Unit advanced its efforts at sensitization in HIV/AIDS in order to empower Persons with Disabilities; particularly, youth with disabilities. Special efforts were made in connection with measures to stave-off the

The Tenantries programme of the Urban Development Commission is addressing the transfer of title in 547 tenantries and ‘areas of land’ throughout the Greater Bridgetown area (GBA).

Barbados Economic and Social Report 2009

For the calendar year under review, the Tenantries Department paid 195 subsidies for tenants who benefited from government’s $2.50 per sq. ft mandated at a cost of $2.1 million. This data was retrieved from disbursements which were actually made and not those which were approved. An additional ninety-two (92) subsidies were approved in October – December 2009 but were not disbursed during that period. The total subsidies for that period totalled $989,350.

LAND SURVEYING During the period, land surveying/ valuation services were provided for the Commission on two tenantries. In an attempt to accelerate the Transfer of Title within urban tenantries, the Commission covered the costs of surveying the lots in some tenantries, at the request of the respective land owners. The costs incurred by the land surveying were recouped by deducting these costs equally from the subsidies paid for each lot on the tenantries surveyed by UDC. Valuation Reports are sourced by the Commission in an attempt to ensure that the selling price per square foot provided by the respective land owners are in line with current market trends within their respective areas.

DEVELOPMENTS Tenants exercising their right to purchase were accelerated in comparison to the last reporting period. The number of pensioners and indigent persons within the GBA did not decrease; however, tenants took advantage of other avenues which were introduced such as: •

loan financing with financial institutions who came on board with the programme, and

•

shared title which can later be transferred to (brother, sister, parent, child or spouse)

V. Social Sector Development

With the restructuring of the Commission and in turn the Tenantries Department, an adequate staff complement should increase the efforts of disseminating the word to tenants of their right to purchase, and combat the continued low numbers coming forward to do so, although the availability of lots for them to purchase has not decreased.

COMMUNITY ROADS PROGRAMME Between January and December 2009, $1.7 million was spent on capital projects and other activities undertaken by the Commission. This figure included the completion of roads and pedestrian access and compensation awarded to land owners affected by the construction of these roads and pedestrian accesses. The expenditure also included professional fees (engineers, land surveys, etc.) and payments to utility companies.

ROADS Expenditure disbursed in 2009 was related to the following: 1.

Retention Fees – for roads previously completed.

Remainder plans & replacing boundary marks associated with the compensation for lands used for roads previously completed.

Valuation reports associated with the compensation for lands used for roads previously completed.

Topographical & Cadastral Surveys for the proposed 2010 road works.

A total of $52,324.60 was paid towards compensating land owners who were affected during road construction at the following locations.

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V. Social Sector Development

TABLE 5.4-4 Started and Completed Projects 2009

Location

Sum Expended as at December, 2009

Status

Bush Hall, St.Michael Off Hinds Hill, St.Michael

$570,246.19 $227,561.54

Completed Completed

Total

$797,807.73

Off Ellerslie School Road Off St. Stephens, St. Michael

$299,750.61

Started

$263,528.15

Started

Name of Road Richard’s Land Airlie Tenantry #3

Ellerslie Road Miller’s Land

Total

$563,278.76

TABLE 5.4-5 Land Owner Compensation Paid

Name of Road

Location

McCleans Bottom #2

Britton’s Hill, St. Michael

Ocean View Rd Johnson Land

Ocean View Rd, Bush Hall Seclusion Rd, Black Rock

Pioneer Road Matthew Drive

Pioneer Road, Bush Hall Matthew Drive, St. James

$21,504.00 $300.00

Tichbourne, Haggatt Hall 1st Ave. Haggatt Hall

Haggatt Hall, St. Michael Haggatt Hall, St. Michael

$1,056.00 $8,761.60

Opp.4th Ave. Rock Dundo

Rock Dundo, St. Michael

$5,713.00

Total

RECREATIONAL FACILITIES The Commission has the responsibility for the financial administration of the funds earmarked for the refurbishment of the Old Welfare Building at Country Road. A sum of

104

Sum Expended as at December, 2009 $11,420.00 $3,416.00 $154.00

$52,324.60

$0.6 million was allocated for this project. During the review period, the sum of $151,021.48 was disbursed for the refurbishment of the Old Welfare Building. Total disbursement as at December 2009 was $306,703.10.

Barbados Economic and Social Report 2009

URBAN ENTERPRISE LOAN PROGRAMME PROGRAMME EXPENDITURE The Urban Enterprise Loan Programme was discontinued. At the end of 2009, the Urban Development Commission received a total of eight (8) small business applications requesting a sum of approximately $90,000.00 in financing. No disbursements were made during this period. Repayments on loans at the end of the twelve (12) month period stood at $542,306.00.

HOUSE REPAIR/REPLACEMENT PROGRAMME EXPENDITURE ON THE PROGRAMME The services provided under this programme effect relief for those economically marginalized urban residents who require urgent assistance in finding housing solutions and other critical needs. During the reporting period of January to December 2009, the Commission started 159 projects, four (4) of which were cancelled. The sum of $1.9 million was expended on housing solutions and assistance rendered in other critical areas such as upgrading of sanitary facilities through the provision of waterborne facilities, wells and septic tanks. The following table outlines the expenditure of various programme activities during the period.

V. Social Sector Development

TABLE 5.4-6 Expenditure on the House Repair/ Replacement Programme Programme Activities Bathrooms Completion of New Houses Demolition House Repairs (Including electrical wiring) New Houses Painting Ramp Septic Tanks Sewerage Connections

Quantity

$ 51, 875.00

3 5

$85,422.00 $36,410.48

59 12 16 1 15

$953,215.18 $527,511.97 $61,420.00 $12,000.00 $56,527.33

$56,128.66

Wells

$109,387.32

Total

155

$1,949,917.94

WELFARE DEPARTMENT The Mission of the Welfare Department is to provide social work services for: •

The resolution of individual and family problems.

•

Enhancement of personal and social development.

NEW APPLICANTS

•

Alleviation of poverty.

During the reporting period one hundred and eighty (180) urban residents applied for various forms of assistance from the Commission.

•

Empowerment and rehabilitation of those affected by crises and Natural disasters.

REFERRALS In 2009 thirty-nine (39) agencies and twenty-seven (27) individuals referred applicants to the Commission for assistance.

During 2009, the Department continued its two (2) main programmes: 1.

The Family Service Programme.

The National Assistance Programme.

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Barbados Economic and Social Report 2009

V. Social Sector Development

FAMILY SERVICES PROGRAMME

MAINTENANCE PROGRAMME

Using an eclectic approach to treatment, the Family Services Section provided counselling and intervened in a number of areas:

During 2009, the number of mothers and guardians collecting maintenance remittance payments through the Welfare Department increased as 180 maintenance agreements were issued by the Court. This represented an increase of 11.8 per cent as compared with 161 maintenance agreements issued in 2008.

•

Maintenance of children

•

Maintenance agreements (Accounts Section)

With respect to funds disbursed as maintenance remittances, it was found that at the end of the year that there was a 3.0 per cent reduction in disbursements which totalled $0.35 million at the end of 2009.

•

Marital disputes

•

Domestic violence cases

•

Domestic violence Court reports

•

Family suits

•

Custody Access and conciliation

•

Legal Aid

•

Multi-problem situations.

TABLE 5.4-8

Maintenance Agreements

During 2009, there were increases in new applications and referrals in every category of assistance provided by the department. The exception, however, was in the area of custody access to children. There were increases in new applications and referrals for Maintenance, Domestic Violence and Legal Aid assistance to the tune of 47.7, 20.0 and 11.4 per cent respectively. On the other hand, there was a slight fall out in requests for legal aid which fell to twenty-four (24) requests from twenty-eight (28) in 2008. TABLE 5.4-7 Applications/Referrals to the Family Services Category of Case

106

Maintenance Remittances Disbursed

2008 2009

Maintenance Domestic Violence/ Family Suits

157

175

Access Legal Aid

28 15

24 18

2008

2009

161

180

Funds Received/Disbursed $366,600.52 $355,428.82

NATIONAL ASSISTANCE PROGRAMME The National Assistance Programme is designed to provide a ‘safety net’ offering assistance in kind and monetary grants to persons in need. During 2009, there were 1,083 new applications for monetary assistance. This represented an increase of 7.3 per cent over the 1,009 new applications made in 2008. In addition, there were more outstanding applications at the end of the reporting period than in 2008. The outstanding applications increased 104.6 per cent at the end of 2009, to 176 from eighty-six (86) the previous year.

Barbados Economic and Social Report 2009

V. Social Sector Development

REQUEST FOR ASSISTANCE

TABLE 5.4-9 Monetary Assistance Applications

New Applications

2008

2009

1009

1083

176

At December 2009, there were increases in most categories of requests for assistance under this programme. Requests for assistance with the payment of house rents increased by some eighty-five (85) persons to stand at 214 requests for the year. There was an 84.6 per cent increase in requests for assistance with food in the form of vouchers which grew from 1,287 in 2008 to 2,376 requests in 2009.

Outstanding at end of period

MONETARY ASSISTANCE At December 2009, there were 4,753 persons in receipt of monetary grants. This comprised 2,665 females and 2,088 males.

Requests for the assistance with the payment of water and electricity rates also increased 49.2 and 22.5 per cent to stand at 191 and 190 requests respectively. In addition, requests for assistance with clothing also increased some 16.2 per cent to stand at 300 compared with 258 in 2008. There were four (4) requests for assistance with the payment of land rent.

TABLE 5.4-10 Recipients of Monetary Grants Categories of Monetary Grants

A B C D E F G H I K/L M

Children under 16 years Children over 16 (at school) Able-bodied persons Disabled Low Disabled High Disabled 55-65 years Over 65 years Special Cases Special Cases over 65 Special Cases - Children Severely Disabled TOTAL

Recipients at Dec. 2009 M

Total

772 69 32 223 518 143 80 96 -48 107

728 96 180 273 640 346 57 132 1 99 113

1,500 165 212 496 1,158 489 137 228 1 147 220

2,088

2,665

4,753

107

Barbados Economic and Social Report 2009

V. Social Sector Development

TABLE 5.4-11

TABLE 5.4-12

New Applications for Assistance-in-kind

Recipients of Assistance-in-kind

Category of Assistance Payment of House Rent Payment of Land Rent Payment of Water Rates Payment of Electricity Rates Hearing Aids Food Vouchers Clothing Dentures Spectacles

2008 129 128 155 42 1287 258 54 631

2009 214 4 191 190 29 2376 300 54 536

ASSISTANCE IN-KIND PROGRAMME At December 2009, there were 4,933 persons in receipt of assistance-in-kind. This represented an increase of 11.6 per cent or 516 persons over the previous year. However, fewer people received assistance with the payment of house rents, water and electricity rates, spectacles and hearing aids, which all fell by 32.1, 22.7, 19.8, 15.0 and 12.1 per cent respectively to stand at 222, 937, 544, 504 and twenty-nine (29) persons receiving assistance in these categories during the year. More people however received assistance with the payment of land rent, food vouchers, clothing and dentures which increased by 23.5, 86.5, 12.1 and 10.0 per cent respectively to stand at forty-two (42), 2,334, 277, and forty-four (44) persons receiving assistance in these categories during the year under review.

108

Category of Assistance

2008

2009

Payment of House Rent Payment of Land Rent Payment of Water Rates Payment of Electricity Rates Hearing Aids Food Vouchers Clothing Dentures Spectacles

327 34 1213 679 33 1251 247 40 593

222 42 937 544 29 2334 277 44 504

Total

4417

4933

WELFARE TO WORK PROGRAMME This programme, designed to ”wean” persons off Welfare through skills training motivational programmes, trained 110 persons in 2009. Courses were offered in Basic English, Hairdressing, Child Care and Care of the Elderly. There were 1,234 persons who registered into the programme and were awaiting training at the end of the reporting period.

HIV/AIDS The Department continued to offer care and support to persons infected and affected by HIV/AIDS. Referrals were received for financial assistance and assistance-in-kind from personnel at Ladymeade Reference Unit and counsellors within the Polyclinic setting of the Ministry of Health. Between the period April and October 2009, a total of 376 Persons Living with HIV and AIDS received assistance under this programme. This comprised 144 males and 232 females.

Barbados Economic and Social Report 2009

V. Social Sector Development

THE CHILD CARE BOARD

Table 5.4-13 Persons registered and awaiting Training at December 2009 COURSE

Registered

Housekeeping

191

Cosmetology

133

Care of the Elderly

134

Child Care

303

Customer Service

Dining Room Service

Nail Technology

Food and Nutrition

Jewellery Making

Floral Arranging

Small Business Management

Literacy Class

Craft Technology

Agriculture Massage Therapy

Plumbing

Carpentry

Tailoring

CXC Courses

Computer

Drapery and Soft Furnishings

Barbering

Counselling

Clothing & Textiles

Customs Procedures

Cake and Pastry Making

Residential Care

Day Care (Government)

Private Day Care

Foster Care and Adoption

Child Abuse/Care and Protection

Psychological assessments and evaluations

Early Intervention, Prevention and Stimulation Programmes for children with disabilities.

Professional Development

Voluntary and Sponsorship

Training

and

10. Public Education -- Community Outreach

RESIDENTIAL CARE

Total

1,234 TABLE 5.4-14

Monetary Assistance to People Living with HIV by Gender

HIV/AIDS HIV/AIDS over 65 years HIV/AIDS -- Dependant Children TOTAL

Category of Grants

The Child Care Board is a Statutory Corporation established by the Child Care Board Act in 1969 to provide services for children in need of care and protection. The Board offers services in the following areas:

April to Oct. 2009 M

Total

96 --

132 1

228 1

48 144

99 232

147 376

Residential Care provides a homely setting for children who are experiencing various types of dysfunction within their natural families, and as a consequence have to be provided with alternative living arrangements. The Board currently operates nine (9) residential centres across the island. During the year, there were thirty nine (39) admissions and thirty two (32) discharges. The average monthly occupancy was ninety-five (95) children. The number of children in care fluctuated between ninety-one (91) and ninetyseven (97) however at December 30, 2009, there were (109) children in the care of the Board fiftyfive (55) males and fifty-four (54) females. Three (3) children were being monitored in the 109

Barbados Economic and Social Report 2009

V. Social Sector Development

community for reintegration with family members.

admitted to the centres while 295 were discharged.

GOVERNMENT DAY CARE

The waiting lists for the placement/ admission of children into the fifteen (15) Day Nurseries reached a total of 3,166 children. Day Nurseries within close proximity to Bridgetown recorded high requests, John Beckles (622); Joan Arundell (245); Nightengale (276), Eden Lodge (245), London Bourne (363) and Delores “Ma” Worrell still in the St. Michael area (325).

The total capacity at the fifteen (15) Day Nurseries remained the same at 1,057 children. During the period January to December 2009, the average enrollment for the period was 868 children. A total of 355 children were

TABLE 5.4-15 Government Day Care Centres 2009 Name of Centre

Babies

Capacity

Waiting List

Bagatelle

Colleton

120

Delores “Ma” Worrell

325

Eden Lodge

102

245

Ellerton

Farm

101

Grazettes

144

Haynesville

156

Joan Arundell

245

John Beckles

110

622

London Bourne

363

Madame Ifill

115

Marion Hall

102

196

Nightengale

276

Sayers Court

115

674

383

1057

3166

Total

110

Toddler/ Preschoolers

Barbados Economic and Social Report 2009

PRIVATE DAY CARE As part of its mandate, the Board is responsible for the registration of Private Day Care Centres. During this period, 155 centres were known to the Board to be in operation with an enrolment in excess of 5,400 children. During the year, one hundred (100) centres were fully approved and three were granted conditional approval. The Board received a total of 138 enquiries during the period under review, while there were seven (7) new applications approved for the registration of Private Day Care Centres. Eleven (11) centers went out of business during the year.

INTAKE AND CHILD ABUSE ENQUIRIES The Board through its Intake System processed a total of 2,466 enquiries, of which 848 were child abuse related. During the year, there was a total of ninety-one (91) court and police referrals while officers from the Board made seventy-six (76) court requested appearances and sixty-eight (68) court appearances

PREVENTION INITIATIVES The Board continued with its Child Abuse Awareness and Prevention Programme within the Primary Schools aimed at keeping children safe from abuse and equipping them with necessary information that would assist them should they become victims of abuse. Six hundred and twenty (620) children attending nine (9) primary schools participated in the programme during the year, of which 299 were boys and 321 were girls. The professional staff was actively engaged in the Board’s Educational and Community Outreach Programme. Sixteen (16) requests for speakers and fourteen (14)

V. Social Sector Development

requests for information were received and actioned. These activities were aimed at prevention: Early Intervention and Treatment of Child Abuse, and Child Care related issues. Deviant and Anti-Social Behaviour, Self-Esteem and Communication in Family Relationships, School Support Services and Child and Sexual Abuse were some of the topics discussed. The public was also informed of the role of the Child Care Board.

FOSTER CARE & ADOPTION There were 127 adoption enquiries in addition to forty-nine (49) foster care enquiries. There was one (1) adoption and three (3) foster care placements during the year. Seven hundred and fifty (750) statutory supervision visits were conducted for the year. Two (2) adoption orders were completed. Eleven (11) adoption assessments and one (1) foster care assessment were completed. There were thirty (30) adoption applications and four (4) foster care applications for the year.

DEPARTMENT OF CONSTITUENCY EMPOWERMENT (DCE) The Department of Constituency Empowerment was created with a mandate to facilitate the Councils and serves as the link with the Ministry of Social Care, Constituency Empowerment, Urban and Rural Development. During the year some of the requested posts were created by the Ministry of the Civil Service, however many are yet to be created. Though not fully staffed, the Department has been fully functional and has served the Councils well.

CONSTITUENCY EMPOWERMENT PROGRAMME The year 2009-2010 was a very productive one for the Department of Constituency Empowerment. Six (6) Constituency Councils were launched in July 2009 and the offices to facilitate their operations were simultaneously

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established. A database was created that contained all the information on persons who applied for positions on the Councils, including the persons whose applications were successful.

CONSTITUENCY COUNCILS The Constituency Councils Act (2009) was published in the Official Gazette on April 6, 2009. The first phase of implementation commenced with the following six (6) Constituency Councils: St. Michael North St. Michael North West ChristChurch South St. Philip South St. James North St. George South

Grazettes Community Centre Deacons Resource Centre Oistins Community Centre Rices Resource Community Centre Weston Resource Centre Ellerton Community Centre

An Advisory Committee was set up by the Ministry of Social Care, Constituency Empowerment, Urban and Rural Development to make recommendations on nominees to the Councils and comprised of the: •

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Permanent Secretary of the Ministry responsible for Constituency Councils

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•

Permanent Secretary of the Ministry responsible for Community Development

•

Permanent Secretary of the Ministry responsible for Youth Affairs

•

Director, Department of Constituency Empowerment

•

Chief Community Development Officer

The launch of the first six (6) Constituency Councils was held on July 5, 2009 at the Lloyd Erskine Sandiford Centre and an orientation was held on July 11, 2009 offering guidance on government’s operating framework as well as to familiarize the Council members with the Constituency Council Model. By the end of 2009, all the Constituency Councils had met and had formed their subcommittees and all are undertaking small community projects to help develop their Constituencies. Each Sub-Committee is in the process of identifying initial projects, which residents of the various constituencies believe are of importance. All of the Councils have also established their bank accounts. In addition, the locations of the Councils in this phase were also being finalized. The below table summaries activities in the latter half of the year.

Barbados Economic and Social Report 2009

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TABLE 5.4-16 Constituency Council Activities 2009 COUNCIL

ACTIVITY

DATE

CH. CH South

Town Hall Meeting Health & Wellness Fair Debushing

Sat. Nov 14th Sat. Nov 21st Week before Xmas

St. George South

Clean-Up Project Independence Extravaganza Clean up & Bulkwaste Project Meeting with Community Organisations

Sat. Nov 14th Sat. Nov 28th Dec 19th -- 22nd

Resources Directory Survey Collaboration with St. Philip Health Environmental office with their Health Education Outreach Programme/ Competition for 6 Primary Schools in St. Philip

19th October, 2009

St Philip South

St. James North

St. Michael North

St. Michael North West

Feb 8th

23rd October

Debushing Bends, Curves & Junctions

9th November, 2009

Official launch at The Eastern Farmers Market held at The Princess Margaret Secondary School

11th Nov

Dangerous Wells in the Constituency

8th Jan

Small Donation & Presentation of a Care Package for Centenarian in the Community

22nd January

-- Town Hall Meeting

7th March

Trade Exposition

24th April,

Gift giving and Christmas Hampers

19th Dec

Community walk through

13th Feb

Youth with a purpose Programme

28th Feb

Walk through Community

Nov 17th

Bajan Fun Day

Nov 30th

Yale Programme

January 9th ongoing

‘Meet the Council’

Nov 16th & 18th

Peter Springer Memorial Football Competition

Nov 21stt-28th

3k Run

Nov 30th

Panel Discussion with Gender Affairs on Domestic Abuse

Dec 7th

Debushing Programme

Dec 16th

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NATIONAL ASSISTANCE BOARD

VAUXHALL SENIOR CITIZENS VILLAGE

The National Assistance Board continues to provide social care for the Board’s clientele through the following programmes:

During the reporting period thirty-six (36) persons resided at the Village and comprised nineteen (19) males and seventeen (17) females.

•

Assistance-in-Kind

•

Home Care Programme

RURAL DEVELOPMENT COMMISSION (RDC)

•

Recreational Activities

COMMUNITY ROADS PROGRAMME

•

Residential Care

•

Bereavement Support Services

•

Vulnerable Persons Committee

During 2009, the Commission did not embark on any new road projects since emphasis was placed on completing the outstanding forty-four (44) roads from previous years.

ASSISTANCE IN-KIND During the period January to July 2009, the Board expended $3,080.90 in providing basic household furnishings to six (6) persons. However, based upon the Board’s financial means, this programme was transferred to the Welfare Department from August 2009.

HOUSE REPLACEMENT/REPAIR PROGRAMME The Commission continued to receive many applications for house repairs, replacements and other critical areas of housing such as the provision of waterborne facilities, wells, electricity, water, ramps, septic tanks etc.

HOME CARE PROGRAMME During the period ending December 2009, a net total of 1,065 persons received Home Care Service. Six hundred and seventy-seven (677) were females and 388 were males. There were 607 referrals and 347 approvals for this service.

JORRIS DUNNER SENIOR CITIZENS HOME This facility is now closed and the residents were transferred to alternative accommodation.

CLYDE GOLLOP NIGHT SHELTER During this period in review, persons seeking accommodation at the Shelter on a nightly basis varied between twenty-six (26) to thirty-two (32) men. During the year, there were thirty-one (31) males admitted and two (2) evictions.

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TABLE 5.4-17 RDC: Expenditure on House Replacement/ Repair Programme 2009 Projects

Number

Expenditure

New Houses

$2,006,545.96

House repairs

$1,186,269.84

Wells

$180,590.00

Septic Tanks

$23,850.00

Ramps

$24,800.00

Water Connection

$2,891.71

Electricity

$110,396.76

Painting

$152,082.70

Auxillary

$83,072.40

Plumbing

TOTAL

$15,988.95 $3,786,488.32

Barbados Economic and Social Report 2009

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RURAL ENTERPRISE LOAN PROGRAMME

During January to December 2009, the Commission received requests for services as follows:

During the period under review, eighty-nine (89) applications were received by the Commission totalling $1.1 million. However, fifty (50) loans were approved and disbursements were made as recorded in Table 5.4-19.

TABLE 5.4-18 New Applications for RDC Services 2009 Projects

Number Estimated Cost

New Houses

156

$12,102,391.77

House repairs

207

$11,519,550.00

$32,580.00

Wells Septic Tanks

Ramps

$13,000.00

Water Connection

$1,300.00

Electricity Connection

During the review period, the Commission reduced the number of applications processed due to the high delinquency rate. Consequently, the emphasis is now geared towards collection and preserving the revolving nature of the loans programme. Given the importance of this programme, it is hoped that once the delinquency issue is resolved, the number of applications processed will increase. The Commission is also making an effort to provide adequate manpower to monitor the performance of loan recipients which will eventually mitigate delinquency.

Bathroom facilities

$86,991.29

Rental

$130,000.00

TOTAL

$23,885,813.06

TABLE 5.4-19 Rural Enterprise Loan Programme: Approved Loans and Disbursements 2009 Categories Catering

Loans Approved

Disbursements/$

9,312.99

48,627.97

Poultry Production

15,937.88

Pig & Poultry Production

20,000.00

Rabbit Production

4,000.00

Sheep Production

Pig Production

Retailing

71,437.41

Vegetable Production

91,431.72

Taxi Services

6,000.00

Landscaping

2,000.00

Banana Production

11,833.71

Entertainment Services

10,000.00

Autobody Repairs

6,500.00

Carpentry/Joinery

Fish Processing

10,000.00

Manufacturing -- Herbal Products

8,673.14

Cosmetology

Total

315,754.82

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Barbados Economic and Social Report 2009

ANALYSIS OF THE PROGRAMME Small businesses are critical in the development of any economy. The Rural Enterprise Programme was designed to finance small business people who would otherwise have difficulty accessing funds through the traditional lending agencies. In a small economy, self employment is very important and the need to generate and conserve foreign exchange is quite obvious. The rural enterprise programme has made significant contributions in those areas over the years.

CONSTRAINTS The challenge the Commission continues to face is that of delinquency. However, the Commission has embarked on an aggressive collection policy through the use of attorneys and collection agencies and the delinquency situation has improved significantly.

COMMUNITY DEVELOPMENT AND CULTURE The Ministry of Community Development and Culture was established in January 2009 to ensure the social and economic empowerment of all Barbadians through the development of strong, cohesive, and productive communities, in which full creative expression and respect for heritage are promoted and sustainable development ensured. During the period under review, the Ministry, through its executing Departments/ Divisions, realised the following:

CULTURE The main activity of the Ministry in the area of Culture was the formulation of a National Cultural Policy that was approved by the Cabinet. The work of the Ministry was therefore informed by this National Policy. 116

V. Social Sector Development

A number of major achievements of the Culture section of the Ministry were achieved during the year:

(1) Nomination of Bridgetown as a UNESCO World Heritage Site •

Coordination of the process of seeking the nomination of “Historic Bridgetown and Its Garrison” as a World Heritage Site;

•

Preparation of the dossier on the Site for submission to UNESCO World Heritage Committee;

•

Organization of a Public Relations Programme to sensitize Barbadians to the nomination process and to the importance of preserving and protecting our cultural heritage.

If successful, the classification of Historic Bridgetown as a UNESCO World Heritage Site has the potential to realise millions of dollars for Barbados through visitors and the prudent and creative management of the site.

(2) International Relations ORGANIZATION OF AMERICAN STATES In November 2009, Barbados was elected as a Vice Chair of the Inter-American Committee on Culture (ICC) of the Organization of American States. The OAS collaborated with the ICC in implementing its work plan which included the following activities: •

The development of a Youth Strategy aimed primarily at utilizing culture and the arts to promote a culture of nonviolence;

•

The development of a Cultural Information Network;

•

Development and implementation of a project to bring together persons working in Education and persons working in Culture;

Barbados Economic and Social Report 2009

UNESCO • •

•

Membership of UNESCO National Commission; Contributed to the development of UNESCO’s Program Budget for the Biennium 2010-2011; Participation in development of a Framework for the collection of Cultural Statistics.

EUROPEAN COMMISSION •

V. Social Sector Development

Participation in a Cultural Colloquium organized by the EC to explore strategies for the development of the cultural industries.

Participation in meetings of the INCP on the development of the cultural industries and on strategies for the implementation of the UNESCO Convention for the Protection and Preservation of Cultural Diversity 2005.

(3) Legislative Matters •

Proclamation of the National Art Gallery Act;

•

Revision of the Regulations under the Archives Act;

•

Establishment of the Archives Advisory Committee under the Archives Act;

•

Completion of the draft Cultural Industries Development Policy and Legislation;

The Cultural Development Bill

Industries

Antiquities and Relics Bill

NATIONAL ART GALLERY COMMITTEE (NAGC) During the period under review, the following activities were carried out:

•

Proclamation of the National Art Gallery Act

•

Meetings held in respect of the replacement of the existing National Art Gallery Committee with a Board

•

Continuation of planning for the allocation of Block A, The Garrison to house the National Art Gallery

•

Initiation of refurbishment of an area of Culloden Farm to house the NAGC’s collections and art conservation programmes.

•

Acquisition of six pieces of art for the National Collection

INTERNATIONAL NETWORK ON CULTURAL POLICY (INCP) •

Continued collaboration with the Ministry of the Attorney General on the drafting of :

The NAGC facilitated and financed a visit of two Conservators from the University of Puerto Rico to carry out conservation work on works of art. The Conservators:

•

treated and reported on twelve (12) works of art

•

provided an advisory report on the suitability of Culloden Farm for the NAGC’s activities

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Barbados Economic and Social Report 2009

•

conducted a lecture on “Conservation as a Career” for the students of the Fine Arts Department of the Barbados Community College.

CREATIVE ECONOMIES During the review period, the Ministry:

•

Continued support for the Caribbean Lexicography Programme of the University of the West Indies.

•

Collaborated with the Errol Barrow Centre for Creative Imagination and the National Cultural Foundation to plan and implement projects to address some of the training needs of the creative sector and to develop further that sector. Projects implemented during the period included: Ø Youth Film Maker’s Workshop Ø Cultural Legends Project Ø Creativity Workshop Ø Children’s Theatre Arts Television Workshop (TAPP) Ø Schools Strings Programme Ø Barbados Youth Orchestra Ø Summer Intensive Camp Ø Songwriting and Arranging Workshop

V. Social Sector Development

COMMISSION FOR PAN-AFRICAN AFFAIRS During 2009, the Commission for PanAfrican Affairs (CPAA) continued its drive to bridge the seeming disconnect between Crop Over and the Season of Emancipation by conceptualizing, sponsoring and implementing its emancipation village at both the Gala and Bridgetown Market. The CPAA collaborated with the Ministry in the staging of events to commemorate Emancipation Day. It was estimated that over 1600 persons from a wide cross section of Barbadian society, including several Ministers, Members of Parliament, PanAfricanists, and other dignitaries, took part.

COMMUNITY DEVELOPMENT DEPARTMENT (CDD) During the review period, an increasing number of individuals, firms, educational institutions and Civil Society Representatives expressed interest in partnering with the Community Development Department (CDD) in the execution of its programmes. As a result the Department concentrated on a number of meetings, conferences, workshops and press briefings in an effort to foster such partnerships and help to boost NGO institutional strengthening and capacity building initiatives. Community Development Department Summer Camps were held at four locations: Waterford and Rockfield, St. Michael, The Valley, St. George and Haggatt Hall, St. Michael. The long-term objective is to meet communities’ demands for a first step in skills development and basic training. The recognized benefits of these programmes are: 1.

awakened interest in selfdevelopment, self-sufficiency and progress both collectively and individually.

heightened interest in community prosperity and pride.

Ø Choreographer’s Workshop Ø Strategic Planning Workshop for Cultural Organizations

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There are no Community Centres in the parish of St. Thomas. A new Community Centre in St. Andrew is to be constructed subject to the availability of funds.

THE BUREAU OF GENDER AFFAIRS The mission of the Bureau is to ensure the integration of gender and development into all areas of national development, plans and policies so that women and men can benefit equally from existing opportunities. Amongst the functions of the Bureau is the facilitation of gender mainstreaming of National Development Policies and Programmes so that equality and equity between men and women can be achieved. The Bureau continued its strategy of mainstreaming gender in 2009. Approximately fifty persons benefited from the workshops hosted in July, September and October. Awareness raising efforts on the issue of domestic violence continued during the period with the annual commemoration of the Sixteen Days of Activism against Domestic Violence. A symposium was held under the theme “Commit, Act, Demand: We Can End Violence Against Women” at the Bagnall Point Gallery and targeted stakeholders in the issue. The Bureau of Gender Affairs also commissioned a study into the prevalence and demographic characteristics of domestic violence in an effort to establish empirical information on its incidence in Barbados. The Male Activism Programme was initiated during this period and targeted young men who were placed on probation by the court and sentenced to community service. Fifteen young men benefitted from this exercise which was aimed at raising the self-esteem of participants to make them more independent and productive citizens.

V. Social Sector Development

Work continued on the development of a protocol for the treatment of victims of human trafficking. Subsequently, the Bureau of Gender Affairs and the International Organisation on Migration (IOM) begun preparations for the hosting of a training workshop entitled “the Identification and Treatment of Victims of Human Trafficking to be held in January 2010. In relation to Capacity Building for Mainstreaming Gender Analysis in HIV and AIDS Programmes in the Caribbean, UNIFEM partnered with the Bureau of Gender Affairs to implement phase II of the UNIFEM led interagency project “Capacity Building for Mainstreaming Gender Analysis in HIV and AIDS Programmes in the Caribbean -- Building Sector Capacity. The project objective is to strengthen the understanding of the gendered causes and consequences of the HIV epidemic in the region and therefore to ensure more targeted and gender responsive programming in the health and education sectors. A Gender Responsive Social Communications strategy for HIV Prevention Workshop was held July 1-3, 2009. The focus of the workshop was to bring together social communications persons who are working with the National AIDS Commissions in the five-project countries (Belize, Barbados, Suriname, Grenada and Dominica) to explore the development of gender-sensitive prevention communications materials.

E. ENVIRONMENT OVERVIEW In 2009, the Ministry of the Environment, Water Resources and Drainage (MEWD) continued its thrust to advance a sustainable development programme for Barbados. This programme was underpinned by leading-edge environmental policies, and practices that protect all aspects of our environment, our water resources, quality of life and holistic well-being of our citizens.

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POLICY RESEARCH AND PLANNING UNIT (PRPU)18 During the year, substantial efforts were devoted to the development of a cabinet approved concept paper and Terms of Reference (TOR) for an extensive feasibility study on the establishment of an EcoEfficiency Centre in Barbados. This would focus on micro, small and medium sized enterprises. To facilitate this initiative, extensive discussions with the National Sub-Committee on Trade and Environment (NSCTE), the United Nations Environment Programme (UNEP) and the Canadian High Commission were held. These discussions centered on the possibility of receiving technical assistance, funding/ partnership opportunities, and a feasible implementation strategy. During the period under review, the PRPU also focused on continuing to strengthen the nexus between Trade and Environment. To this end, a paper on a Green Economy Policy Framework for Barbados was prepared.

ENVIRONMENT MONTH During 2009, a number of activities which served to educate and create greater awareness on environmental matters were undertaken. One such activity was Environment Month which was celebrated under the theme “Living sustainably…to achieve a Green Economy”. Activities specifically chosen to celebrate Environment Month included:

•

120

A Lecture Series by the Barbados Institute of Environmental Professionals;

•

A tree planting exercise at the Soroptomist Village;

•

The Queen’s Park 100th Anniversary Celebrations;

Formerly known as the Environmental Unit.

V. Social Sector Development

•

A series of Green Readings put on by well-known local authors;

•

A recycling presentation to the Rotary Club;

•

A Breakfast Seminar on Sustainable Finance; and

•

A Strategic Planning Retreat on the issue of the way forward for Environmental Education.

OZONE DEPLETING SUBSTANCES MANAGEMENT In 2009, a number of activities were undertaken as part of the Ozone Awareness subprogramme. These included a range of public awareness articles and Ozone Awareness Posters, which were produced and distributed to primary and secondary schools across Barbados.

GULLY ECOSYSTEMS MANAGEMENT With respect to on-going sensitization on Gully Ecosystems, a number of activities were undertaken. These included: a gully field trip which was organized for the Child Care Board; a Gully Public Awareness video; and several Gully Public Awareness articles which were published in the local newspaper based on the initiative of the private sector. The Ministry of Environment also provided financial support to the “Tourism in De Gully Programme” of the Ministry of Tourism.

NATIONAL BIOSAFETY FRAMEWORK (NBF) During 2009, the MEWD in collaboration with the Ministry of Agriculture (MOA) participated in several public outreach activities to raise awareness about Biosafety in general, and about Barbados’ obligation under the Cartegena Protocol on Biosafety.

Barbados Economic and Social Report 2009

NATIONAL GOVERNANCE PROCESSES, PARTNERSHIPS AND COOPERATION ARRANGEMENTS BARBADOS SUSTAINABLE FINANCE GROUP During the review period, the Sustainable Finance Group in collaboration with the PRPU on behalf of the MEWD, co-hosted a regional panel discussion entitled “Sustainable Finance in the Caribbean -- Building the Business Case”. This event also afforded the opportunity to launch the PRPU’s latest publication entitled “Sustainable Finance: Barbados”. In addition, Phases 1 and 2 of the research effort investigating the awareness and status of sustainable finance practices in the local banking sector, and wider business community respectively, were completed.

CLIMATE CHANGE In 2009, Barbados actively participated in the International Climate Change negotiation process under the United Framework Convention on Climate Change (UNFCCC). This negotiation process led up to the 15th meeting of the Conference of the Parties (COP-15), which took place in December 2009 in Copenhagen, Denmark.

OZONE DEPLETING SUBSTANCES MANAGEMENT During the period under review, the definition of Barbados’ Import/Export Licence for management of Trade in Ozone Depleting Substances was finalised pursuant to our obligations under the Montreal Protocol on the Phase out of Ozone Depleting Substances. The Small Scale Funding Agreement (SSFA) for the Institutional Strengthening Project (Phase 3) with the United Nations Environment Programme was developed and signed. This agreement provided US$58,000 annually to support the National Ozone Unit (NOU) and the position of Assistant National Ozone Officer.

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NATIONAL BIOSAFETY FRAMEWORK (NBF) During 2009, the Draft Policy Paper to support Barbados National Agricultural Health and Food Control Agency (NAHFCA) and National Agricultural Health and Food Control System (NAHFCS) was reviewed to ensure that biosafety provisions will be incorporated into the comprehensive legislation being developed under the NAHFCS. In addition, at the regional level, the MEWD contributed to the development of a regional project document for the implementation of NBFs in the Caribbean sub-region.

GLOBAL ENVIRONMENT FACILITY (GEF) Activities carried out under the GEF during the year focused on:

•

Securing project financing for the Sustainable Energy Framework project being executed by the Energy Division. Funding support from the IDB and the GEF amounted to US$1.0 million;

•

Identifying the lead agency for the Caribbean Regional Fund for Wastewater Management (CReW) Project in consultation with the Environmental Protection Department; and

•

Executing consultations on the WHO/ GEF Global Project on Climate Change and Health through the Ministry of Health.

NATIONAL CONSERVATION COMMISSION During 2009 the following accomplishments were achieved:

•

Ambassador Programme -- The St. James Secondary School became the second school to undertake the Coral Reef Ambassador Programme with its Environmental Club members enrolling in the programme.

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•

122

Community Reef Watchers Programme -- This was intended to be a long-term programme and the volunteers submitted their first report in October 2009. A total of six (6) of the seven (7) reefs selected were surveyed, weather conditions prevented the seventh from being completed. People and Corals Workbook Distribution -- Five (5) copies of the People and Corals Workbook were distributed to each of the sixty-two (62) out of eighty-two (82) primary schools across the island. Folkestone Marine Reserve Summer Camp -- The aim of the programme was to educate children between the ages of 6-15 years on the importance of the Reserve. The programme involved both classroom and recreational activities. Communication -- The newsletter “Reefcomm” was produced with seven (7) issues circulated and an exhibit of project achievements held at the Holetown Library. Visit to the Soufriere Marine Management Association (SMMA) St. Lucia -- Two (2) staff members of the Folkestone Marine Reserve were selected to visit the SMMA. Activities included: meetings with stakeholders; training in the maintenance and installation of mooring buoys and other infrastructure of the SMMA; enforcement and operational procedures; and monitoring of use of moorings and fee collection. Adopt-the-Reserve-Initiative -- This initiative was developed to assist in mobilizing resources, financial and otherwise for conservation and management of coral reefs in the Folkestone Marine Reserve.

V. Social Sector Development

Moreover, it served to enhance, maintain and monitor the Folkestone Marine Reserve through supporting programmes, facilitating construction of appropriate infrastructure and provision of equipment. The first meeting was held in October 2009.

•

Buoyage Infrastructure Maintenance Agreement -- This is the final component of this project. The details were finalized with the dive operation “High Tide Water Sports”.

CAPACITY BUILDING IN YOUTH FOR SUSTAINABLE LAND MANAGEMENT At the end of the review period, a total of 16,300 trees were planted at various sites across the island. Eighteen (18) public schools participated in the project at various stages. During the review period, 600 trees were donated to sixty (60) churches of various denominations.

ARBOR DAY 2009 Activities held as part of National Arbor Day included a panel discussion on the topic “Building with trees”, a plant workshop featuring various techniques used in plant propagation and an Arbor Day Expo.

ADOPT-A-BEACH/PARK INITIATIVE As a policy decision, it was agreed that the Adopt-a-Beach and the Adopt-a-Park programmes would be merged. To date, fifteen (15) companies/organisations have formalised the adoption of fifteen (15) beaches across the island. As part of the Adopt-a-Park Programme the Ministry of Tourism agreed to adopt Queen’s Park.

“SAVE OUR SELVES” (SOS) PROGRAMME During 2009, the Lifeguard Service provided training in basic lifesaving techniques to over 200 Barbadians of varying ages, in the

Barbados Economic and Social Report 2009

inaugural “Save our Selves” Programme. The Commission also embarked on an initiative using alternative energy to enable the Lifeguards at Rockley Beach to utilise a public address system powered by solar photovoltaic cells.

INFRASTRUCTURE INVESTMENT PROJECTS During the period under review, the following capital projects were started and completed:

•

Barclays Park Restaurant, St. Andrew -- Construction was started, and the excavation and compaction of the foundation was completed in November 2009;

•

The Gazebo at the King George V Memorial Park was completely rebuilt;

•

Two (2) Lifeguard Towers at Heywoods Beach, St. Peter and Maxwell Coast Beach, Ch. Ch., were rebuilt;

•

Vendor’s Kiosks -- Renovations and upgrading works were undertaken at vendors’ kiosks at Rockley, Worthing and Dover beaches; and

•

Bath Beach Facility, St. John -- Bath Beach Facility and Snackette was completed and opened to the public. To compliment the beach facility and snackette, the play park was completely renovated.

During the period under review, the Commission continued its partnership with the Barbados Children’s Trust who provided equipment for the construction of play parks at the following sites: Gall Hill, St. John; Ellerton, St. George; and Lammings, St. Joseph. In addition, specialised equipment was imported

V. Social Sector Development

by the NCC and installed at King George V Memorial Park and Errol Barrow Park. Moreover, play parks at Sayers Court, Christ Church; Belfield Park, St. Michael; Welchman Hall, St. Thomas; and Farley Hill, St. Peter were all upgraded.

NATIONAL BOTANIC GARDENS During the period under review, there continued to be a focus on silvicultural management of trees, shrubs and grasses growing in mini parks, in and around government buildings, along highways and around coastal areas. This was done in collaboration with the Natural Heritage Department, the National Conservation Commission, the Town and Country Planning Department, the Ministry of Agriculture and the Coastal Zone Management Unit. In addition, various plant nurseries were targeted to ensure that the best genetic materials were propagated and species, cultivars, varieties and strains were planted at locations compatible with their natural requirements. In addition, the Research Initiative Programme (RIP) of the National Botanic Gardens continued its focus on building the research capacity within the project office. Areas considered under this initiative included surveys, environmental monitoring and database development.

NATURAL HERITAGE DEPARTMENT Preliminary work in designation of Barbados’ first National Park commenced in 2009 through methodologies which encompassed the following: visual assessment work via field investigation and photographs of the Barbados National Park; review of all documentation generated from previous work carried out on the proposed National Park; production of a booklet and a compact disc on National Information about parks related information; and Establishment of the National Park Advisory Committee.

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Specific activities which took place in support of the department’s objective to “define and protect a functionally connected natural heritage system based on an ecosystem approach” included:

•

Instituting the Legislative, Institutional and Environmental Framework; and Institutional Strengthening of NHD for management of Protected Areas/ National Park and National Heritage Conservation Areas (NHCAs);

•

Reviewing of the Physical Development Plan (PDP) (Amended 2003);

•

Establishing partnerships with landowners to allow for conservation projects and enhancement of livelihoods;

•

Commencing the process for training of staff in PAs and National Park Management; and

•

the maintenance of twenty-seven (27) existing storm water wells;

•

the construction of eleven (11) new storm water wells;

•

the construction of 300 metres of open box drain, of various dimensions; and

•

the cleaning and clearing of more than 20,000 metres of water courses, concrete drains and gullies.

During the review period, the Division continued to collaborate in the Coastal Improvement Project Phase II (CIP II), under the aegis of the CZMU, in respect of the work to be done in the Holetown Lagoon. Furthermore, the Division collaborated with the NHD, the CZMU and other Government agencies on the Graeme Hall Ecosystem Project, with special emphasis on the sluice gate.

SANITATION SERVICES AUTHORITY (SSA) During 2009, the SSA embarked on a number of capital projects. These included:

•

Extension of the Mangrove Pond Landfill -- This project will provide disposal capacity for the island over a minimum of 9.2 years.

DRAINAGE DIVISION

•

The achievements of the Drainage Division over the reporting period were as follows:

Improvements to the Bagatelle Bulk Waste Facility -- This will extend the bulky waste facility.

•

Construction of Waste to Energy Facility (WTE) -- This project will reduce the volume of solid waste being disposed within the landfill and to produce energy.

•

Construction of a Leachate Treatment Facility -- This facility will treat the waste generated within the Mangrove Pond Landfill, the Vaucluse Solid

•

124

Field Visits for data collection, recording and mapping of Protected Areas (PA) and the Proposed National Park;

V. Social Sector Development

An Education and Awareness plan to sensitize Barbadians of PAs.

•

the establishment of the National Environmental Enhancement Programme (NEEP);

•

the execution of Operation Clean City, in conjunction with the Sanitation Service Authority (SSA) and Ministry of Public Works (MPW);

Barbados Economic and Social Report 2009

Waste Management Complex, special waste streams and some waste waters from private haulers.

•

Construction of a Northern Depot and Maintenance Facility -- This will provide office facilities and mechanical facilities for SSA personnel. Landfill Gas to Energy -- This project will utilize the gas currently being generated for energy production.

SOLID WASTE PROJECT UNIT The Unit continued its plans in 2009 to minimise waste through efforts such as reducing, reusing, recycling and energy recovery. The plans of the Unit during the reporting period included the completion of the Solid Waste Management Centre at Vaucluse. Completion of the project phase of this facility and commencement of the operational phase lead to approximately 70.0 per cent diversion of waste from landfill. The Unit continued working with private sector entities dealing with recycling to ensure increased diversion of waste from landfill. These private sector entities included local waste brokers and recyclers operating on the island. In addition, the Unit worked with service clubs such as the Lions Rotary of Barbados and the Rotary Club to have small and medium scale solid waste management projects implemented. It also continued working with individual communities to implement their recycling programmes and served as sources of technical advice to these entities.

COASTAL ZONE MANAGEMENT UNIT (CZMU) During the reporting period, the Unit was able to: successfully observe and document coral spawning events; provide substantial input into engineering designs for the private

V. Social Sector Development

sector, as well as government agencies that were responsible for the execution of coastal engineering works; and evaluate research request for coral reefs and coastal ecosystems.

REGULATORY MONITORING AND ENFORCEMENT MARINE RESOURCES MONITORING During 2009, the Unit continued its joint coral bleaching project with CERMES, UWI. Moreover, the Unit purchased and installed the necessary instrumentation to measure water temperature and light transmissibility at established permanent coral monitoring sites. The Unit also performed periodic coastal water quality testing from an ecosystem perspective. In addition, it developed a Harmful Algal Bloom (HAB) Response Plan. Recognising the importance of collecting basic site specific onshore weather data, the Unit installed a total of fifteen (15) weather stations. During 2009, maintenance of the instruments at the north and east coast stations faced considerable problems due to extensive corrosion and salt accumulation. As such, a programme of monthly rotational maintenance was implemented to ensure continuous data collection at these affected locations. The following was achieved under the Coastal Infrastructure Programme (CIP) for the year 2009:

•

Replacement of the seating at the Welches Beach Improvement Project;

•

Clearing of sand of the drain at Magic Isle Apartments at the eastern end of the Boardwalk on two (2) occasions;

•

Continuing quarterly beach profile monitoring at the Welches Beach Improvement Project and the Rockley to Coconut Court Waterfront Improvement Project; 125

Barbados Economic and Social Report 2009

•

Completion of Phase I of the upgrade of Hastings Park in September 2009;

•

Completion of the Holetown Beach Improvement Project in October 2009;

•

Submitting and approving of all disbursement requests prior to the disbursement deadline at December 9, 2009;

•

Completion of approximately 25.0 per cent of the institutional strengthening component of the CIP; and

•

Undertaking and completing the external audit for financial year ending March 31, 2009.

EXTRA-NATIONAL GOVERNANCE PROCESSES, PARTNERSHIPS AND COOPERATION AGREEMENTS The following were achieved during the reporting period:

•

126

Identifying key international experts to assist with the establishment of a monitoring programme as it relates to the potential harmful algal blooms in Barbados. Literature research was conducted and the Unit developed a draft response plan; Negotiating a grant from the Government of Flanders to develop a Caribbean Marine Atlas as a decision support tool for coastal managers; Installation of a seismic station for real time detection of earthquake warnings. In addition, two (2) sea level gauges were installed at the Barbados Coast Guard and the Barbados Port Inc. These gauges will monitor sea level rise, detect tsunamis and any other rise in water level due to coastal hazards; and

V. Social Sector Development

•

Initiating the Caribbean Large Marine Ecosystem Project with funding from the Global Environment Facility (GEF).

ENVIRONMENTAL PROTECTION DEPARTMENT (EPD) During 2009, the Environmental Protection Department (EPD) continued its routine programme for the identification of derelict buildings and vehicles and their demolition and disposal. Two hundred and nine (209) derelict buildings were demolished and disposed and 2,243 derelict vehicles were disposed. It also conducted three (3) environmental audits, while twenty-one (21) complaints were investigated by the Marine Pollution Control Section. The majority of the complaints were related to wastewater disposal and oil pollution. Routine inspections of solid waste disposal sites were conducted and seventy-three (73) requests for assistance with the disposal of hazardous and other types of waste were received. In addition, solid waste disposal site inspection forms were drafted.

GROUND WATER MONITORING During the reporting period, the following outcomes were achieved:

•

Routine monitoring of groundwater;

•

Conducting routine recreational water quality sampling at the eighteen (18) beaches and analysing the samples for bacteriological and nutrient parameters; and

•

Presenting the findings of the nitrate investigations in a technical report. As a result, abstraction wells of concern were identified and earmarked for more intensive monitoring.

Barbados Economic and Social Report 2009

CAVES OF BARBADOS LIMITED (CBL) In 2009, the objectives for a community programme to strengthen the relationship between Caves of Barbados Limited (CBL) and the surrounding communities were created. The main objectives of CBL’s community programme were:

•

Notwithstanding the decline in crime during 2009, the Royal Barbados Police Force considered some areas as challenging to its mandate to provide a safe and secure environment for all. Foremost among these concerns were the prevalence of residential burglaries, the pervasive use and abuse of illicit drugs and the use of firearms in the commission of certain offences.

To co-ordinate and facilitate the exchange of information with the communities; To develop and maintain positive working relationships with the neighbourhood stakeholders and to assist with the short and medium term community development goals; To take the lead in outreach and education programmes for the community including schools, clubs and pre-school nurseries; To develop programmes with other attractions in the environs of the Cave; and To provide assistance, support and leadership to the neighbourhood groups and residents to benefit the community.

F. LAW AND ORDER OVERVIEW Barbados continued to do well in the containment of crime during 2009. At the end of the review period, there was an overall decline of 2.0 per cent in reported crime following a marginal increase of 1.0 per cent in 2008. Reported cases of major crimes as well as property crimes showed a decline. These overall declines in crime were reflective of the success of the policies and programmes of the Royal Barbados Police Force.

Figure 21 Annual Crime Reports 2004-2009 96 94

94.35 92.37

92 Hun dreds

•

V. Social Sector Development

89.82

90 88

89.07

87.61

87.86

86 84 2004

2005

2006

2007

2008

2009

Reports

CRIME TRENDS According to the National Overview on Reported Crimes for 2009, a total of 8,786 cases were reported. This represented a 2.0 per cent reduction in crime over that reported in 2008. Major crimes against the person accounted for 11.0 per cent of reported crimes or 119 cases less than in the previous year. Minor crimes against the person accounted for 21.0 per cent or 1,827 reported cases, an increase of eightyone (81) cases over 2008 figures. In addition, major and minor crime against property decreased by fifty-four (54) and eighty-seven (87) cases, respectively. Major crime against property accounted for 26.0 per cent of reported crimes during the year, whilst minor crime against property accounted for 25.0 per cent. The category of Other Crimes, which comprised of drug and firearm related offences, as well as public order breaches, accounted for 17.0 per cent of reported crimes.

127

Barbados Economic and Social Report 2009

V. Social Sector Development

year 2009. A total of eighty-nine (89) cases were recorded for the year, fourteen (14) cases less than that reported in 2008. There were twentyone (21) cases of minor assault, six (6) drug related crimes and four (4) cases of burglary. The year 2009 represented the third consecutive year for the general reduction in criminal activity in almost all sub-categories of crimes committed by juveniles.

Figure 22 NATIONAL REPORTED CRIMES (2009) 1468; 17%

938; 11%

1827; 21%

2212; 25%

2341; 26% Major Crimes Against the Person

Minor Crimes Against the Person

Major Crimes Against Property

DRUG CRIMES

Other Crimes

JUVENILES A continued reduction in criminal activity committed by juveniles was seen during the

During 2009, 510 persons were charged for possession of cannabis, eighty-one (81) persons were charged for trafficking of cannabis and twenty (20) persons charged for the importation of cannabis. Thirty-six (36) persons were charged with possession of cocaine, while ten (10) were charged for importation of cocaine.

TABLE 5.6-1 Cannabis and Cocaine Drug Offences 2007 -- 2009 Category Cannabis Possession Cultivation Importation Exporting Trafficking Supply Possession of apparatus Total

2007

2008R

2009P

616 12 20 1 148 143

717 7 17 0 47 31

510 16 20 0 81 78

940

819

707

Category Cocaine Possession Cultivation Importation Exporting Trafficking Supply Possession of apparatus Total

2007R

2008R

2009P

53 0 4 0 26 28

51 0 7 0 5 2

36 0 10 0 10 6

181

130

123

SOURCE: Research Department, Royal Barbados Police Force

FIREARMS ENABLED CRIMES In 2009, 207 firearm related cases were registered compared with 279 cases in 2008. Of the figure, Robbery accounted for 102 cases, a decrease

128

of fourteen (14) cases; whereas aggravated burglary accounted for forty-eight (48) cases, seven (7) cases less than the previous year. There were nine (9) murders committed through the use of firearms.

Barbados Economic and Social Report 2009

V. Social Sector Development

TABLE 5.6-2 Cases Involving Firearms 2005 -- 2009 CRIME CLASSIFICATION

January-December 2005

2006

2007

2008R

2009 9

MURDER

ROBBERY

118

109

116

AGGRAVATED BURGLARY

ENDANGERING LIFE

156

265

254

279

207

ASSAULT W/I ROB

OTHER CRIMES TOTAL

102 4

SOURCE: Research Department, Royal Barbados Police Force

CRIME AGAINST THE PERSON

in 2009. There were eighteen (18) cases of serious indecency and sixty-eight (68) cases of rape recorded during the review period. Minor crimes against the person increased from 1,746 cases in 2008 to 1,827 cases in 2009. Of the nineteen (19) murders committed in 2009, twelve (12) were solved by year end. Murder cases decreased by four (4) cases or 17.0 per cent when compared with the 2008 figure.

In this category of crime, serious bodily harm decreased by eleven (11) cases to record 200 cases in 2009. Robbery and assault with the intent to rob also decreased by eleven (11 ) and eight (8) cases, respectively. Aggravated burglary decreased by twenty-six (26) cases or 25.0 per cent from 103 cases in 2008 to (77) cases

TABLE 5.6-3

Serious Crimes 2002 -- 2009 CRIME CLASSIFICATION 2002

2009

No. DIFF

% DIFF

-4

-17.4

0.0

243

177

211

200

-11

-5.2

-2

-6.7

-4

-8.0

289

330

367

392

394

383

-11

-2.8

-8

-22.2

2003

2004

2005

269

226

Sex with a Minor

Indecent Assault

Murder Manslaughter Serious Bodily Harm

Robbery Assault with Intent to Rob Aggravated Burglary Drug Related Crime

2006R

2007

2008

208

245

350

316

105

112

103

-26

-25.2

1275

1233

1266

904

919

991

949

830

-119

-12.5

SOURCE: Research Department, Royal Barbados Police Force

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Barbados Economic and Social Report 2009

V. Social Sector Development

CRIME AGAINST PROPERTY During 2009, the Anti-Burglary Initiative continued to be the dominant initiative in the Royal Barbados Police Force Crime Prevention Programme, which focused on the reduction of both residential and commercial burglaries. Residential Burglary fell from 1,389 cases in 2008 to 1,375 cases in 2009 whilst Commercial Burglary decreased by 11.0 per cent or fifty-six (56) cases less than the 470 cases reported in 2008. However, cases of criminal damage registered an increase by 4.0 per cent or twentythree (23) cases compared with the 467 cases recorded in 2008. With respect to minor crimes against property, theft of agricultural produce decreased by 31.0 per cent or fifteen (15) cases, whereas theft from shops declined by fifty-five (55) cases when compared with the 219 cases

recorded in 2008. In contrast, theft from motor vehicles saw a marked increase from 273 in 2008 to 376 in the year 2009.

CRIME AGAINST VISITORS During 2009, 195 offences were committed against visitors. This represented a significant reduction compared with the previous year when 235 offences were reported. Burglaries at hotels remained the most prevalent crime committed against tourist, with an increase of four (4) crimes. There was a considerable decline in the number of robberies committed, with twenty (20) cases less being recorded than for the previous year. There were seventeen (17) cases of theft from the person and thirty-seven (37) cases of theft from beaches. There was one (1) case of murder committed against a visitor during the year. No cases of rape or sexual assault were reported during the period under review.

TABLE 5.6-4 Crime Against Visitors 2005 -- 2009 CRIME CLASSIFICATION MURDER SERIOUS BODILY HARM WOUNDING (MINOR) HARASSMENT RAPE OTHER SEX CRIMES ROBBERY ASSAULT W/INT TO ROB AGG. BURGLARY BURGLARY HOTELS ETC. BURGLARY OTHER THEFT FROM M/V THEFT FROM PERSON THEFT FROM BEACHES OTHER THEFT ALL OTHER OFFENCES TOTAL

2005

2006

2008R

2009P

1 0 10 0 4 3 19 1 7 73 0 4 5 13 18 8

0 0 7 0 1 3 26 2 1 113 1 4 15 26 28 10

0 0 0 0 2 1 19 0 3 44 0 7 10 24 16 2

0 3 1 0 4 2 37 9 7 66 0 2 25 43 21 15

1 2 2 0 0 0 17 5 4 70 0 6 17 37 24 10

166

237

128

235

195

Accomodation includes hotels, apartments, guest houses, villas etc. SOURCE: Research Department, Royal Barbados Police Force

130

2007

Barbados Economic and Social Report 2009

V. Social Sector Development

TRAFFIC

establishment of the Crime Stoppers Barbados, which was successful in acquiring information that led to the arrest of several persons. During the review period, some of the strategies used to police the tourism sector included the use of foot patrols along the beaches and joint mobile patrol operations by police officers and members of the Barbados Defence Force.

During 2009, there were twenty-five (25) fatal accidents, eight (8) cases more than the previous year. There were 111 serious accidents, thirty-six (36) less than the number reported for the year 2008. Minor accidents increased by twenty (20) cases or 0.8 per cent. The number of accidents without injury was 5,715. This represents a 6.9 per cent decrease compared with the 6,140 cases recorded in 2008.

The Anti-burglary Initiative remained a dominant feature in the operational strategies island wide. This could be seen by the 4.0 per cent reduction in burglaries. The Anti-drug initiative designed to eradicate the supply and reduce the use of illegal drugs, continued to be pursued in collaboration with key players and with regional counterparts.

INITIATIVES During 2009, the Royal Barbados Police Force sought to deliver a number of key policing initiatives in partnership with key stakeholders. This approach continued to be considered as critical to the reduction of crime and the promotion of a safe and secure environment for all. Efforts were also made to provide for the vulnerable in our society through a range of initiatives such as victim support and community outreach programmes.

Through a co-ordinated approach of education, enforcement, and collaboration with partner agencies, the Force continued its drive to keep the roads of Barbados safe for all. In this regard, Operation Road Order Maintenance remained the most effective strategy used by the force to target those persons who engaged in unlawful and anti-social behaviour on the road.

The Crime Desk Initiative encouraged and facilitated the flow of community intelligence. This initiative worked together with the

TABLE 5.6-5 Road Accidents 2006 -- 2009 Category Fatal Serious Slight W/O Injury Total

2006

2007

2008

2009

132 2,625 5,897

108 2,264 5,897

147 2,446 6,140

111 2,466 5,715

8,676

8,307

8,750

8,317

Source: Research Department, Royal Barbados Police Force

Â&#x201E;Â&#x201E;Â&#x201E; 131

Barbados Economic and Social Report 2009

V. Social Sector Development

The Royal Barbados Police Force maintained its commitment to regional and international cooperation and the sharing of information and intelligence to counteract criminal enterprises such as drug trafficking

organisation, money laundering and terrorism. Partnership initiatives with agencies such as INTERPOL, and the Regional Security System have enhanced the Force’s intelligence sharing capacity.

TABLE 5.6-6 Regional and International Initiatives to Counteract Criminal Enterprises 2009 Activity

Crime

Target

To reduce the total number of Major violent crimes by 10%. To reduce the total number of burglaries by 10%

Performance Indicator Reduction in level of violent crime Decrease in the number of reported burglaries

Expected Outcome Increased feeling of safety in public spaces Increased confidence in property ownership

Investigations

To increase the clearance rate by 10 %

Percentage of recorder crimes cleared.

Improvement in criminal investigation and general customer satisfaction

Accidents

10% reduction in all categories of accidents, and the expansion of educational and enforcement initiatives.

Reduction in number of all categories of collisions on roads

Reduction in the number of people killed or seriously injured on the road, and the number of accidents recorded.

Improvement in the conduct of motorist and other road users. Drug

Focus intelligence led activity to dismantle drug networks. To disrupt, dismantle and destroy organized drug trafficking

Citizen Focus

132

Satisfaction of victims of crime and accidents on overall service provided

Increase in number of drug interdiction.

Reduce the availability of drugs and raise awareness of harm.

Increase in the number of persons arrested for Decrease in drug organized drug trafficking. abuse among juveniles and reduction in crime. Reduction in the number of complaints of poor service

Increase confidence in and satisfaction with police service General improvement in delivery of service

Barbados Economic and Social Report 2009

V. Social Sector Development

TABLE: 5.6-7 Crimes Against Persons and Property 2007 -- 2009 2007

2008

2009

Murder Attempted Murder Manslaughter Serious Bodily Harm Endangering Life Kidnapping Robbery Assault With Intent to Rob Aggravated Burglary Other major crimes Against the Person

25 1 3 177 48 17 392 22 112 11

23 1 211 36 12 394 36 103 3

19 1 200 29 18 383 28 77 9

SUB TOTAL

808

819

764

72 7 40 58 17 6

62 5 30 50 12 12

68 4 28 46 18 10

200

171

174

MINOR CRIMES AGAINST THE PERSON Fear of Violence Threats Harassment Assault/Wounding (Minor) Other minor crimes Against the person

79 143 9 1,462 24

71 137 12 1,503 23

103 153 9 1,532 30

SUB TOTAL

1,717

1,746

1,827

MAJOR CRIMES AGAINST PROPERTY Residential Burglary Commercial Burglary Other Burglary Sacrilege Arson Attempted Arson Criminal Damage Other Crime (Attempts)

1,178 394 22 20 11 1 54 -

1,389 470 30 23 13 2 467 1

1,375 414 19 23 19 1 490 -

SUB TOTAL

1,680

2,395

2,341

SEX RELATED CRIMES Rape Assault With Intent to Rape Sex with Minor Indecent Assault Serious Indecency Other Sex Crimes SUB TOTAL

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Barbados Economic and Social Report 2009

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TABLE: 5.6-7 Crimes Against Persons and Property 2007 -- 2009 -- Cont’d 2007 THEFTS AND RELATED CRIMES Theft of Livestock Theft of Agricultural Produce Theft of Postal Packet Theft of Use Theft of Motor Vehicle Theft From Motor Vehicle Theft of Bicycle Theft from Person Theft From Shops/Stores Other Thefts Handling Stolen Property Unlawful Possession Going Equipped Fraud Related Crimes Attempts

2009

11 22 14 97 383 63 286 206 892 52 2 11 95 -

13 49 9 77 273 70 206 219 1,120 43 11 209 -

21 34 12 92 376 56 205 164 1,099 26 1 8 118 -

2,134 3,814

2,299 4,694

2,212 4,553

991 63 23 827

949 100 20 483

830 86 16 1 535

SUB TOTAL

1,904

1,552

1,468

TOTAL CRIMES AGAINST PERSON

2,725

2,736

2,765

TOTAL CRIMES AGAINST PROPERTY

3,814

4,694

4,553

TOTAL OTHER CRIMES

1,904

1,552

1,468

GRAND TOTAL OF ALL CRIMES

8,913

8,982

8,786

SUB TOTAL TOTAL CRIME AGAINST PROPERTY OTHER CRIMES Drug Crimes Firearms Crimes Escaping Explosives Public Order Breaches/Other Summary Crimes

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2008

Barbados Economic and Social Report 2009

ECONOMIC AND SOCIAL OUTLOOK FOR 2010 The outlook for the Barbados economy is predicated on the pace of recovery in the global economy. Current projections of key macroeconomic indicators suggest that in 2010, the Barbadian economy is likely to register a marginal growth rate of 0.7 per cent driven largely by an anticipated improvement in the performance in both the traded and non-traded sectors. In particular, it is anticipated that the major tourism sector should grow by 2.2 per cent, while on the non-traded side positive growth should be seen for all sectors except mining and quarrying. These projections are in large measure however determined by the kind of recovery that will occur in our major source markets. While the global financial markets are showing signs of recovery, the Government of Barbados has acknowledged that there are a series of policy initiatives that must be continued in order to reposition the economy. The current challenge within the Barbados economy will be how to balance the short-term need for continued policy support, in order to strengthen the recovery, with the long-term need to consolidate public debt in order to maintain fiscal sustainability and to boost the NIR position by attracting greater private capital inflows.

V. Social Sector Development

In order to address appropriately the various challenges and to provide a framework for recovery and growth within the Barbados economy, the Barbados Government during 2010 will start to implement both its Medium Term Fiscal Strategy (MTFS) 2010--2014 and its Medium Term Development Strategy (MTDS) 2010--2014. These two (2) strategy documents constitute Government’s key crisis management tools for the realization of a sustained recovery, adjustment and sustainable growth during this waning period of financial crisis and economic recession. The MTFS, working in collaboration with the Government’s MTDS will provide an operational plan for stabilization and recovery in the short to medium term while laying the framework for sustainable growth through encouraging strong foreign exchange earnings, increased productivity and competitiveness, the creation of private sector jobs and greater social advancement in the area of health and education. These two (2) planning documents will also highlight the targeted policy interventions and strategies over the next five (5) years and should be viewed as important recovery tools that will be used to guide the country as it emerge from the current global recession.

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Appendices

LIST OF APPENDICES APPENDIX 1

Estimates of Real Gross Domestic Product 1986 -- 2009 ................................. A -- 1

APPENDIX 2

Gross Domestic Product – by Selected Sub-Industry 1990 -- 2009 (Basic Prices) ................................................................................................... A -- 2

APPENDIX 3

Expenditure on Gross Domestic Product 1990 -- 2009 (Market Prices) ............................................................................................... A -- 3

APPENDIX 4

Gross Domestic Product by Industry of Origin 1990 -- 2009 (Market Prices) ............................................................................................... A -- 4

APPENDIX 5

International Reserves 1999 -- 2009 ............................................................... A -- 5

APPENDIX 6

Direction of Trade – Total Exports 1986 -- 2009 ............................................ A -- 6

APPENDIX 7

Direction of Trade – Total Imports 1987 -- 2009 ............................................. A -- 7

APPENDIX 8

Visible Trade Balance -- Imports and Exports 1986 -- 2009 ........................... A -- 8

APPENDIX 9

Selected Domestic Exports 1987 -- 2009 .......................................................... A -- 9

APPENDIX 10

Retained Imports by Broad Economic Categories 1987 -- 2009 .................... A -- 10

APPENDIX 11

Central Government Operations 2000/01 -- 2009/10 ..................................... A -- 11

APPENDIX 12

Current Revenue by Economic Classification 2000/01 -- 2009/10 ................ A -- 12

APPENDIX 13

Current Expenditure by Economic Classification 2002/03 -- 2009/10 ........................................................................................ A -- 13

APPENDIX 14

National Debt – Central Government 1999 -- 2009 ....................................... A -- 14

APPENDIX 15

Monetary Survey 1988 -- 2009 ...................................................................... A -- 15

APPENDIX 16

Commercial Banks – Selected Balance Sheet Items 1988 -- 2009 .................. A -- 16

APPENDIX 17

Commercial Bank Credit – Sectoral Distribution 1999 -- 2009 ...................... A -- 17

APPENDIX 18

Selected Interest Rates 1988 -- 2009 ............................................................. A -- 18

APPENDIX 19

Labour Force and Employment by Sex 1997 -- 2009 ..................................... A -- 19

APPENDIX 20

Retail Price Index – Annual Averages 1987 -- 2009 ....................................... A -- 20

Barbados Economic and Social Report 2009

Appendices

LIST OF APPENDICES -- (Cont’d) APPENDIX 21

Production of Selected Agricultural Commodities 1995 -- 2009 ..................... A -- 21

APPENDIX 22

Sugar Statistics 1987 -- 2009 .......................................................................... A -- 22

APPENDIX 23

Index of Industrial Production 1987 -- 2009 .................................................. A -- 23

APPENDIX 24

Selected Indicators in the Tourism Industry 1995 -- 2009 .............................. A -- 24

APPENDIX 25

Tourist Arrivals by Country of Residence (Stay Overs) 1998 -- 2009 ................................................................................................... A -- 25

APPENDIX 26

Domestic Crude Oil and Gas Production 1988 -- 2009 .................................. A -- 26

APPENDIX 27

Population by Sex and Age Group (Census Years 1970, 1980, 1990 and 2000) .............................................................................................. A -- 27

APPENDIX 28

Population, Rates of Birth, Death and Infant Mortality 1984 -- 2009 ............ A -- 28

Key P: Provisional

E: Estimated

R: Revised

29.5 28.0 23.1 20.7 22.3 16.5 25.4 27.8 20.6 22.9 25.1 21.4 19.3 15.6 14.8 16.4 14.5 14.6 13.6 13.7

1990 1991 1992 1993 1994

1995R 1996R 1997R 1998R 1999R

2000R 2001R 2002R 2003R 2004R

2005R 2006R 2007P 2008P 2009P

34.7 33.7 34.7 35.7 37.0

36.1 34.0 33.8 35.4 32.5

36.7 37.2 34.4 33.3 36.1

34.8 34.1 33.0 32.9 31.1

31.7 34.6 31.8 31.8

Non-Sugar Agriculture

10.0 9.7 9.1 8.4 5.2

10.5 9.4 10.0 8.4 9.2

5.7 6.2 7.1 9.4 11.0

6.6 6.3 5.8 5.8 6.0

7.7 7.2 6.7 6.2

Mining and Quarrying

Central Bank of Barbados R = Revised P = Provisional

47.1 35.4 34.1 28.2

1986 1987 1988 1989

SOURCE:

Sugar

Year

63.2 62.8 62.1 60.7 52.9

67.6 61.0 61.6 60.6 61.9

81.4 86.6 90.8 73.2 69.3

87.9 83.8 76.0 73.9 78.9

86.0 80.3 85.7 90.3

Manufacturing

38.9 42.7 43.1 43.0 43.2

34.5 36.0 37.3 38.4 39.1

29.8 31.3 32.3 33.3 34.0

26.4 27.0 27.4 27.5 28.6

22.8 23.7 25.3 26.1

99.3 98.9 98.9 91.1 70.5

73.2 78.2 84.2 84.7 87.1

47.4 49.3 56.3 65.8 72.4

60.1 55.6 39.9 40.7 43.2

53.5 56.8 61.9 66.9

Electricity, Gas Construcand Water tion

215.7 230.9 246.0 244.0 231.2

189.4 183.4 185.6 193.2 204.9

161.5 166.6 181.1 203.2 187.1

171.9 161.2 148.4 152.0 161.1

163.3 172.3 176.6 181.0

Wholesale & Retail Trade

161.7 164.3 169.3 167.3 156.2

157.2 147.9 143.8 153.8 168.2

130.3 132.5 135.1 143.6 143.9

122.2 115.8 113.4 117.9 129.0

96.7 111.4 123.1 135.5

Tourism

91.3 96.3 102.2 105.1 102.1

79.2 79.5 76.9 80.1 85.1

69.5 70.6 72.7 76.2 78.9

68.9 67.6 65.2 66.0 68.1

61.4 64.5 64.8 68.9

Transport, Storage & Communication

APPENDIX 1 ESTIMATES OF REAL GROSS DOMESTIC PRODUCT 1986 - 2009 (1974 Prices)

183.7 194.7 206.0 210.4 207.6

166.1 165.0 161.2 168.3 175.5

149.4 150.1 154.8 165.2 165.7

150.5 147.7 139.9 141.1 145.3

145.0 145.7 150.1 155.5

Business & General Services

148.1 152.6 157.1 161.8 166.7

134.4 132.2 140.7 135.5 143.1

115.9 119.9 123.6 125.6 130.8

120.3 117.8 112.0 112.0 113.1

111.8 116.2 117.4 118.6

Government Services

1,063.2 1,101.0 1,143.1 1,141.1 1,086.4

973.4 948.0 954.4 973.9 1,021.4

844.2 875.9 916.0 949.3 952.1

879.1 844.7 784.1 790.5 826.8

827.0 848.2 877.5 909.1

TOTAL

($M)

Barbados Economic and Social Report 2009 Appendices

A -- 1

A -- 2

22.8

23.2

18.7

153.8

149.3

150.9

142.8

124.2

127.6

142.6

146.5

138.1

146.3

148.3

131.8

123.0

124.2

127.8

135.4

140.9

155.5

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008R 155.6

2009P 160.7

142.0

132.4

132.7

120.4

113.3

106.9

102.2

99.7

104.6

117.7

114.7

107.8

105.8

102.1

95.0

88.7

91.7

93.2

85.3

90.7

Total

65.3

58.7

68.4

56.0

51.8

52.1

52.5

50.8

49.8

47.1

45.7

44.4

46.4

40.6

39.0

37.8

37.1

37.0

36.9

34.9

Food Crops

Source: Barbados Statistical Service

20.5

22.1

20.9

22.0

23.3

27.2

30.6

31.6

30.3

40.7

40.5

32.6

35.5

51.1

57.7

64.0

63.1

TOTAL

Year

Sugar Cane

61.4

57.3

48.4

49.5

43.8

40.6

34.0

33.1

37.3

46.3

51.2

41.8

40.2

41.3

34.5

33.3

30.5

33.3

34.0

32.9

LiveStock

AGRICULTURE NON-SUGAR AGRICULTURE

0.0

0.2

0.6

0.2

0.3

0.2

0.6

0.8

0.1

0.2

0.3

0.1

0.8

0.5

0.3

0.4

Other Cultivation

15.3

16.1

15.7

14.3

17.5

14.0

15.4

15.6

16.9

23.5

17.7

21.4

18.9

20.1

20.7

17.1

23.8

22.5

14.0

22.5

Fishing

507.1

531.2

555.5

543.2

536.1

527.6

502.2

475.7

463.2

459.1

444.6

425.8

397.9

371.1

343.7

337.0

335.5

335.7

383.2

403.9

203.5

215.3

220.8

226.8

223.2

219.1

199.5

180.2

179.3

177.1

165.7

161.8

151.3

141.8

133.1

131.3

130.0

131.6

150.2

144.9

33.9

33.0

34.1

33.3

32.0

31.4

30.1

28.6

27.9

29.1

27.1

24.3

24.5

23.2

21.7

19.1

16.9

22.6

31.7

35.2

Food Textiles/ Beverages Wearing TOTAL Tobacco Apparel

($M)

26.0

31.3

32.0

29.5

29.2

29.1

28.7

27.8

27.6

26.5

21.1

17.5

14.2

17.8

13.8

10.9

13.5

25.8

32.0

62.8

52.0

64.7

61.9

61.3

60.0

58.7

56.2

51.0

52.6

50.4

49.0

44.0

39.4

40.9

41.8

38.2

42.4

44.1

46.8

74.9

78.0

80.4

78.6

77.6

76.6

75.5

73.5

71.1

71.3

79.6

78.7

73.1

70.6

44.6

42.8

47.8

46.8

52.0

52.4

76.6

81.2

81.9

72.6

71.4

70.4

69.9

70.9

70.4

66.7

62.2

60.1

57.3

54.6

57.3

56.2

64.0

51.5

50.5

59.5

29.4

40.5

41.6

40.5

41.4

40.9

39.4

37.6

35.7

34.7

33.1

30.8

30.2

27.3

28.3

32.0

27.7

27.3

28.9

33.1

667.8

686.8

711.0

684.1

671.5

655.4

626.4

598.7

595.0

607.4

590.9

563.9

544.4

513.7

471.3

461.2

478.3

486.6

532.5

557.7

6558.4

6654.8

6722.8

6357.4

6081.7

5260.0

4950.9

4913.6

4807.7

4830.5

4745.8

4530.2

4191.2

3965.1

3686.4

3575.7

3430.0

3303.6

3479.8

3530.2

Paper Chemicals Metal TOTAL Wood / Products Oil &Non- Products & Other SELECTED GDP Wood Printing & Metallic Assembled ManufacSUBBASIC Products Publishing Minerals Goods turing INDUSTRIES PRICES

MANUFACTURING

GROSS DOMESTIC PRODUCT BY SELECTED SUB-INDUSTRY 1990-2009 (Basic Prices)

APPENDIX 2

Barbados Economic and Social Report 2009 Appendices

1058.7 1333.5 1326.2

3192.9

3311.4

3569.0

3827.4

4095.5

4224.4

4325.6

4292.2

4463.2

4841.6

5666.4

5708.2

5853.8

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008R 5851.4

2009P 5858.3

7184.5

7184.9

6912.5

6656.8

6625.3

5759.1

5383.7

5201.7

5166.9

5052.9

4867.2

4588.1

4221.9

3943.5

3742.8

3403.9

SOURCE: Barbados Statistical Service

948.7

958.9

917.5

920.5

909.5

841.3

828.5

771.6

760.6

652.9

632.1

549.9

524.5

590.7

740.2

742.8

745.4

704.5

555.9

596.9

578.4

469.1

526.2

528.0

511.8

455.1

350.0

325.4

286.1

87.8

588.4

747.7

817.3

850.4

718.7

720.6

581.3

518.4

530.2

574.4

601.1

551.1

315.1

248.2

194.6

170.1

124.8

324.0

1179.1

1487.9

1560.1

1595.8

1423.2

1276.5

1178.2

1096.8

999.3

1100.6

1129.1

1062.9

770.2

598.2

520.0

456.2

383.9

-11.4

16.7

11.5

10.1

9.7

9.2

-5.8

-15.6

-44.7

7.4

29.4

8.9

4.4

-22.4

19.4

23.1

13.9

-48.8

275.2

1167.7

1504.6

1571.6

1605.9

1432.9

1285.7

1172.4

1081.2

954.6

1108.0

1158.5

1071.8

774.6

575.8

539.4

479.3

397.8

379.7

645.5

979.1

1053.3

1020.3

723.0

556.9

503.7

487.2

524.3

549.7

530.4

527.9

568.2

562.9

479.9

364.7

375.1

1238.1

2914.7

3201.6

3034.5

2857.1

2700.4

2314.9

2253.8

1935.0

1978.7

2095.9

1944.5

1874.1

1768.3

1718.6

1609.7

1593.5

1379.7

3560.2

4180.7

4087.8

3877.4

3423.4

2871.8

2757.5

2422.2

2503.0

2645.6

2474.9

2402.0

2336.5

2281.5

2089.6

1958.2

1754.8

1617.8

1648.4

1745.5

2879.4

236.2 259.1

1235.1

1307.7

1995

3205.8 3383.1

413.3

437.8

1994

476.8 518.5

29.5

543.7

2864.6

514.2

-3.1

2729.0

174.4

607.3

1993

339.8

200.4

1992

3331.6

406.9

604.2

542.6

3243.7

2789.0

1991

574.4

2669.3

1990

EXPORTS TOTAL Goods Services TOTAL

GROSS CAPITAL FORMATION

1990-2009 (Market Prices)

Net Personal Net Machinery/ Change Year Consumption Government TOTAL Buildings Equipment Total in Stocks

CONSUMPTION EXPENDITURE

APPENDIX 3 EXPENDITURE ON GROSS DOMESTIC PRODUCT

GDP

500.1

949.0

894.3

853.9

868.5

836.3

784.5

745.4

700.3

674.0

634.5

562.0

540.0

418.6

437.5

2580.0 1567.4

3463.8 1410.7

3220.3 1212.0

3026.9 1236.8

2863.0 1170.5

2520.3

2131.2

1910.0

1904.4

2060.6

1976.5

1841.2

1775.3

1485.5

1373.7

1089.4

1028.6

935.2

1245.6

1255.2

4147.4

4874.5

4432.3

4263.7

4033.5

3469.3

3025.5

2763.9

2772.9

2896.9

2761.0

2586.6

2475.6

2159.5

2008.2

1651.4

1568.6

1353.8

1683.1

1755.3

24.7

-19.5

-64.6

-107.0

-78.2

-41.3

-186.0

-29.9

-8.5

-83.1

-27.5

-16.0

-7.6

-55.9

-52.1

-61.8

-7.8

-10.5

37.0

23.3

7789.7

7976.1

8075.1

7769.4

7369.9

6406.0

6102.0

5911.3

5843.1

5826.5

5712.1

5459.3

4849.9

4585.4

4311.4

4128.2

3959.3

3734.6

3877.7

3861.5

Statistical MARKET Goods Services TOTAL Discrepancy PRICE

IMPORTS

($M)

Barbados Economic and Social Report 2009 Appendices

A -- 3

A -- 4 507.1

531.2

555.5

543.2

536.1

527.6

502.2

475.7

463.2

459.1

444.6

425.8

397.9

371.1

343.7

337.0

335.5

335.7

383.2

403.9

349.0

462.6

438.8

440.3

416.2

328.4

293.5

282.6

277.1

310.9

312.4

302.3

268.8

206.8

192.2

169.0

153.0

139.5

200.7

240.4

Source: Barbados Statistical Service

-50.4

-24.1

2009P 160.7

3.6

2005 135.4

2008R 155.6

14.9

2004 127.8

25.6

9.5

2003 124.2

42.1

37.1

2002 123.0

2006 140.9

33.8

2001 131.8

2007 155.5

13.0

2000 148.3

9.8

1996 142.6

11.6

7.8

1995 127.6

1999 146.3

7.6

1994 124.2

9.4

7.4

1993 142.8

10.2

6.4

1992 150.9

1998 138.1

7.9

1997 146.5

7.3

1990 153.8

1991 149.3

AgriMining/ ManuConYear culture Quarrying facturing struction

158.4

155.9

124.4

116.7

167.2

140.9

140.7

133.1

131.4

137.3

131.0

124.7

127.6

117.3

110.2

103.8

98.5

106.1

100.5

87.9

802.4

708.9

771.2

778.1

732.5

663.9

647.4

688.5

661.6

691.4

703.4

660.4

588.5

550.0

510.5

484.3

476.6

469.2

541.2

554.0

1177.3

1248.9

1243.2

1123.0

963.3

884.8

838.4

747.7

740.9

787.2

725.5

731.6

685.0

671.5

637.6

622.9

550.3

482.1

479.2

514.4

Electricity sale Hotels & Gas & & Retail RestauWater Trade rants

Whole-

Personal &

($M) Per Capita

523.1

541.9

602.4

638.2

880.3

479.1

397.9

384.7

416.8

390.8

391.6

345.1

375.5

351.7

331.7

296.5

278.4

272.2

281.1

256.4

1739.1

1767.5

1687.7

1564.6

1295.4

1179.3

1101.1

1134.7

1087.9

1048.1

1075.3

1004.7

908.4

882.7

829.6

858.4

838.7

825.9

776.9

736.8

287.4

290.4

270.8

252.5

243.3

234.2

225.0

215.9

211.6

200.0

190.7

180.5

158.4

146.7

132.3

122.5

111.0

108.1

110.1

109.8

878.0

842.2

831.3

734.4

708.3

679.1

671.0

690.6

651.6

644.4

613.4

606.7

525.3

514.9

463.2

449.5

437.8

407.5

449.7

465.5

6558.4

6654.8

6722.8

6357.4

6081.7

5260.0

4950.9

4913.6

4807.7

4830.5

4745.8

4530.2

4191.2

3965.1

3686.4

3575.7

3430.0

3303.6

3479.8

3530.2

1404.4

1460.0

1441.5

1450.6

1347.3

1225.0

1073.2

1079.0

1125.3

1018.1

1049.5

1008.1

728.5

636.9

638.2

549.6

568.1

473.4

484.8

403.8

148.5

158.2

153.8

145.7

137.3

120.4

108.2

111.3

98.5

105.3

110.6

95.0

77.4

72.5

65.4

58.8

46.7

52.9

49.9

49.2

-24.7

19.5

64.6

107.0

78.2

41.3

186.0

29.9

8.5

83.1

27.5

16.0

7.6

55.9

52.1

61.8

7.8

10.5

-37.0

-23.3

7789.7

7976.1

8075.1

7769.4

7369.9

6406.0

6102.0

5911.3

5843.1

5826.5

5712.1

5459.3

4849.9

4585.4

4311.4

4128.2

3959.3

3734.6

3877.7

3861.5

23822.8

24208.0

24517.8

23253.2

22269.0

19309.9

18228.8

18144.6

17780.1

17937.4

17741.3

16973.2

15804.1

14985.3

13953.2

13549.4

13017.2

12580.2

13296.8

13541.1

Storage & Finance & Other Services GDP Net Statistical GDP GDP Communi Business Incl. Pvte Edu Govern- BASIC Taxes on FISIM Discrep- MARKET (Basic Prices) cation Services & Health ment PRICES Products Business ancy PRICES ($’000)

Transport

GROSS DOMESTIC PRODUCT BY INDUSTRY OF ORIGIN 1990-2009 (Market Prices)

APPENDIX 4

Barbados Economic and Social Report 2009 Appendices

SOURCE: Central Bank of Barbados

Peak Value During Year

Total Foreign Assets/ Reserves (R) Total Banking System (net) Monetary Authorities (net) Central Bank Foreign Assets (net) Central Government Government Funds Sinking Funds for Foreign Debt Commercial Banks (net) Foreign Assets Foreign Liabilities (Short-term) Other Public Bodies (R) 185.6 112.2 516.4 404.2 90.5 Aug.

137.9 66.6 668.9 602.3 72.5 May 1231.1

750.8 186.7 1.1

440.3 138.8 0.9

943.7

1171.4 1080.9 968.8

2000

752.0 679.4 612.8

1999

1631.4

Dec.

231.2 120.0 667.7 547.7 119.0

1136.8 231.6 0.4

1652.7 1533.7 1413.7

2001

1808.7

Dec.

292.6 344.9 1060.5 715.6 121.7

1030.6 293.2 0.6

1833.0 1711.3 1366.4

2002

2201.5

Dec.

355.8 583.8 1224.9 641.1 123.6

1104.7 356.2 0.4

2210.7 2087.1 1503.3

2003

2442.7

May

369.2 556.2 1267.1 710.9 169.5

774.0 369.6 0.3

1916.2 1746.7 1190.5

2004

INTERNATIONAL RESERVES 1999 -- 2009

APPENDIX 5

1954.3

Mar.

358.2 371.9 1467.4 1095.5 175.9

878.2 358.3 0.1

1783.5 1607.7 1236.7

2005R

1910.0

Mar.

361.9 497.1 1717.1 1220.0 166.9

831.8 362.4 0.5

1858.1 1691.2 1194.1

2006R

2464.6

Dec.

415.7 699.7 3007.0 2307.3 215.0

1134.0 416.1 0.4

2464.6 2249.6 1549.9

2007R

2711.2

Mar.

413.9 392.5 2721.6 2329.2 292.9

944.9 414.4 0.4

2044.4 1751.6 1359.1

2008R

2218.5

Dec.

421.2 608.9 1843.6 1234.7 285.2

1073.0 421.6 0.4

2218.5 1933.3 1324.4

2009P

($ M)

Barbados Economic and Social Report 2009 Appendices

A -- 5

A -- 6 22.6 12.7 12.2 11.0 12.5 13.0 10.3 11.9 15.7 25.3 24.5 20.0 14.1 13.6 11.1 14.3 9.0 7.8 10.5 13.0 15.6 17.9 20.7 20.1

1986 1987 1988 1989

1990 1991 1992 1993 1994

1995 1996 1997 1998 1999

2000 2001 2002 2003 2004 2005 2006R 2007R 2008R 2009P

235.7 215.5 209.4 201.5 211.7 280.0 304.1 326.9 315.1 282.5

178.0 201.2 200.7 219.4 235.2

131.9 135.5 130.6 140.8 122.4

96.1 75.0 94.7 123.9

CARICOM

SOURCE: Barbados Statistical Service

Canada

Year

0.6 0.4 0.3 0.2 0.1 0.1 0.5 0.1 0.1 0.2

2.9 0.9 1.9 0.8 0.6

1.1 1.4 3.2 2.2 2.2

6.8 2.7 2.7 3.2

Japan

1.2 1.2 2.3 2.3 2.0 2.9 8.3 6.5 4.5 4.7

3.6 3.1 3.6 3.6 3.5

1.8 1.9 2.6 1.1 1.8

3.0 1.0 1.6 1.1

Germany

71.9 60.6 51.4 55.0 60.4 62.8 66.0 94.4 82.3 65.6

71.8 93.3 96.9 71.9 69.2

78.7 43.5 75.6 59.2 73.3

46.0 65.1 66.2 48.9

United Kingdom

83.3 73.5 63.3 67.3 81.3 91.9 171.2 170.2 187.4 169.7

68.7 74.2 80.7 74.6 84.4

51.9 53.4 62.3 65.0 70.5

135.1 67.6 75.6 72.8

United States of America

1.9 2.4 1.7 0.0 0.1 0.4 0.1 0.4 1.1 0.9

6.2 48.6 32.5 5.4 4.1

1.1 0.3 0.1 0.1 0.2

0.0 0.0 0.0 0.2

Venezuela

DIRECTION OF TRADE -- TOTAL EXPORTS 1986 -- 2009

APPENDIX 6

140.0 151.0 145.6 165.4 190.4 267.8 316.6 241.6 297.4 101.8

107.4 115.4 129.6 116.4 117.1

151.2 165.7 95.6 94.7 80.3

247.8 98.4 101.1 113.3

All Other Countries

545.7 516.3 483.0 499.5 556.5 718.9 882.4 949.8 908.6 645.5

463.9 561.2 565.9 506.2 527.6

430.1 414.7 380.3 375.0 366.4

557.4 322.5 354.2 374.4

Total Exports

($ M)

Barbados Economic and Social Report 2009 Appendices

81.2 82.3 101.6

80.9 84.0 58.0 57.4 69.6

78.1 85.4 78.3 84.5 92.4

96.5 80.3 74.8 84.8 107.8 114.5 120.2 118.6 181.4 103.0

1987 1988 1989

1990 1991 1992 1993 1994

1995 1996 1997 1998 1999

2000 2001 2002 2003 2004 2005 2006R 2007R 2008R 2009P

458.7 436.0 463.1 570.5 698.7 806.0 857.9 845.6 885.5 589.4

247.6 248.4 247.0 325.5 394.9

218.9 203.5 199.5 216.8 239.0

146.2 162.8 184.2

CARICOM

SOURCE: Barbados Statistical Service

Canada

Year

120.1 89.1 90.1 106.9 128.1 165.5 119.7 118.8 126.4 82.8

103.8 84.2 135.9 148.9 167.6

75.0 85.0 40.3 62.4 59.7

54.4 63.7 78.1

Japan

36.6 36.5 35.6 39.5 41.8 52.2 44.7 61.6 56.3 34.3

40.0 35.0 37.0 38.8 36.0

29.8 23.9 23.3 21.5 21.0

26.4 27.9 30.1

Germany

186.7 171.9 157.4 148.9 166.5 177.0 189.9 213.9 185.0 134.4

147.0 139.5 161.1 190.0 184.4

148.6 157.3 91.2 107.8 112.0

120.5 133.7 148.8

Kingdom

United

943.9 877.0 850.7 891.2 1027.7 1172.6 1205.0 1205.9 1274.4 1054.5

572.5 629.1 823.7 830.0 886.0

468.0 494.1 377.3 416.5 479.5

333.5 401.8 469.3

America

United States of

DIRECTION OF TRADE -- TOTAL IMPORTS 1987 -- 2009

APPENDIX 7

13.9 8.8 9.0 6.1 8.3 11.1 8.4 2.6 2.3 0.9

62.1 75.1 60.8 18.7 15.1

56.5 56.7 43.7 42.1 38.8

36.5 40.3 56.2

Venezuela

455.7 437.7 460.8 542.7 647.0 710.0 712.3 798.2 781.7 683.7

291.5 370.6 447.2 407.4 439.7

330.2 293.1 215.2 229.4 209.7

237.5 251.5 286.0

Other

Countries

2312.1 2137.3 2141.5 2390.6 2825.9 3208.9 3258.1 3365.1 3493.0 2682.8

1542.6 1667.3 1991.0 2043.8 2216.1

1407.9 1397.6 1048.5 1153.9 1229.3

1036.2 1164.0 1354.3

Total

Imports

($ M)

Barbados Economic and Social Report 2009 Appendices

A -- 7

Barbados Economic and Social Report 2009

Appendices

APPENDIX 8 VISIBLE TRADE BALANCE -- IMPORTS AND EXPORTS 1986 -- 2009 ($ M) Year

Imports (CIF)

1986 1987 1988 1989

1181.1 1035.9 1163.9 1354.3

1990 1991 1992 1993 1994

Domestic Exports

Re-Exports

Total Exports

425.7 223.7 248.0 248.8

131.7 98.8 106.2 125.6

557.4 322.5 354.2 374.4

(623.7) (713.4) (809.7) (979.9)

1407.9 1397.7 1048.5 1153.9 1229.3

253.9 244.6 269.1 282.3 267.6

176.2 170.1 111.1 91.7 98.8

430.1 414.7 380.2 374.0 366.4

(977.8) (983.0) (668.3) (779.9) (862.9)

1995 1996 1997 1998 1999

1541.8 1667.3 1991.0 2044.9 2216.1

332.3 429.0 421.0 380.2 395.7

131.6 132.8 144.9 126.6 132.5

463.9 561.3 565.9 506.8 528.2

(1077.9) (1106.0) (1425.1) (1538.1) (1687.9)

2000 2001 2002 2003 2004 2005 2006R 2007R 2008R 2009P

2312.1 2137.3 2141.5 2390.6 2825.9 3208.9 3258.1 3365.1 3493.0 2682.8

380.3 350.2 333.1 329.4 341.7 421.1 491.7 513.5 526.3 439.6

165.4 166.0 149.9 170.1 209.6 297.8 390.8 436.4 382.3 205.9

545.7 516.3 483.0 499.5 551.3 718.9 882.4 949.8 908.6 645.5

(1766.4) (1621.0) (1658.5) (1891.1) (2274.6) (2490.0) (2375.6) (2415.3) (2584.4) (2037.4)

SOURCE: Barbados Statistical Service

A -- 8

Balance on Visible Trade

65.6 62.9 47.1

63.9 56.9 61.6 57.7 60.1

51.1 72.0 71.7 55.2 56.0

53.3 44.0 37.7 41.0 44.9 44.4 39.2 37.3 45.0 36.2

1987 1988 1989

1990 1991 1992 1993 1994

1995 1996 1997 1998 1999

2000 2001 2002 2003R 2004R 2005R 2006R 2007R 2008R 2009P

0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

3.1 5.2 0.0 0.0 0.0

5.3 0.0 3.5

Molasses

SOURCE: Barbados Statistical Service

Sugar

Year

24.5 36.0 35.5 33.6 44.6 50.7 44.3 67.5 66.0 57.2

19.1 22.8 27.8 27.5 26.9

14.8 8.7 18.6 15.3 14.0

7.2 0.0 9.7

Rum

9.0 9.4 9.3 8.9 10.0 10.9 14.4 14.8 19.8 18.5

9.2 11.6 11.1 10.7 9.8

2.8 3.8 6.6 6.2 5.9

2.1 1.9 2.1

Lard & Margarine

51.2 53.2 52.0 36.8 39.0 50.0 42.3 53.4 59.2 47.7

45.2 93.9 75.9 56.3 50.8

22.8 24.7 31.0 32.1 29.5

8.9 13.7 17.4

Other Food & Beverages

44.7 38.1 29.0 29.7 30.0 36.7 39.8 27.6 28.3 17.0

49.5 54.1 51.9 50.9 56.2

31.6 32.8 44.0 50.3 52.4

52.1 44.8 41.7

Electrical Components

SELECTED DOMESTIC EXPORTS 1987 -- 2009

APPENDIX 9

5.8 3.4 1.4 1.9 1.3 2.6 2.3 1.6 0.9 0.8

6.6 7.5 6.9 5.8 6.1

15.3 16.1 11.8 9.3 6.2

23.8 30.6 28.5

Clothing

43.4 38.6 42.1 41.9 42.4 56.1 60.2 74.6 66.8 58.2

52.2 54.8 56.6 51.2 52.2

40.2 41.2 42.0 42.2 41.1

21.9 0.0 34.2

Chemicals

148.4 140.0 126.2 135.6 134.6 169.6 248.9 322.0 240.3 203.8

99.4 111.8 119.1 122.6 137.7

59.4 55.2 53.5 69.2 58.4

36.8 49.0 64.6

Other Domestic Exports

380.3 350.2 333.1 329.4 341.7 421.0 491.7 598.8 526.3 439.6

332.3 428.5 421.0 380.2 395.7

253.9 244.6 269.1 282.3 267.6

223.7 248.0 248.8

Total Domestic Exports

($M)

Barbados Economic and Social Report 2009 Appendices

A -- 9

A --10 394.8 423.9 468.6 462.6 474.0 408.9 454.4 503.6 600.9 640.4 765.7 825.9 873.7 881.3 842.7 847.1 915.4 1044.8 1216.3 1063.3 1146.9 1213.6 1012.8

Year

1987 1988 1989

1990 1991 1992 1993 1994

1995 1996 1997 1998 1999

2000 2001 2002 2003 2004 2005 2006R 2007R 2008P 2009P

SOURCE: Central Bank of Barbados

Total Consumer Goods

493.5 510.3 533.5 559.3 615.8 699.2 665.5 721.3 802.1 704.9

345.4 386.8 449.2 472.4 501.8

316.4 335.1 298.6 299.1 329.9

279.1 297.8 316.8

NonDurables

201.3 162.0 153.5 175.4 206.9 237.7 208.9 222.4 239.7 163.0

129.6 121.9 169.7 197.2 204.5

73.0 63.3 40.1 61.7 87.8

63.2 65.6 73.9

Durables

186.6 170.5 160.1 180.7 222.1 279.4 188.9 203.3 171.8 144.9

125.9 131.6 146.8 156.4 167.4

73.2 75.6 70.7 93.4 85.4

52.5 60.5 77.9

Other Manufactured Goods

1265.4 1128.5 1144.6 1305.1 1571.9 1694.8 1804.0 1838.7 2182.4 1587.5

801.2 894.1 1080.4 1106.0 1209.9

769.0 753.6 528.3 605.3 636.2

542.0 633.8 761.6

Total NonConsumer Goods

812.1 710.2 732.6 835.3 977.0 1094.2 1122.6 1213.1 1557.9 1119.1

549.2 574.6 669.5 684.4 726.4

476.1 474.1 377.3 409.1 420.8

347.3 407.8 478.9

Intermediate Goods

RETAINED IMPORTS BY BROAD ECONOMIC CATEGORIES 1987 -- 2009

APPENDIX 10

447.2 411.5 404.5 462.1 585.2 588.6 666.1 612.6 607.1 456.6

247.8 314.7 407.2 415.3 477.8

265.9 251.1 149.7 193.1 210.5

172.6 193.8 250.3

Capital Goods

6.2 6.8 7.5 7.7 9.3 12.0 15.3 13.0 17.4 11.8

16.1 4.7 3.9 6.3 5.8

27.0 28.5 1.3 0.4 3.2

22.1 32.2 32.4

Unclassified Goods

2146.7 1971.2 1991.7 2220.5 2616.3 2911.0 2867.3 2985.6 3396.0 2600.4

1402.3 1534.5 1846.1 1931.9 2083.6

1231.6 1227.6 937.2 1062.4 1135.8

936.8 1057.7 1230.2

Total Retained Imports

($ M)

Barbados Economic and Social Report 2009 Appendices

302.1 289.5 12.6 290.2 196.3

(93.9)

Capital Expenditure and Net Lending Capital Expenditure Net Lending

Gross Financing Requirements

Less: Amortization

Overall Fiscal Deficit/ Net Financing Requirements

SOURCE: Ministry of Finance * Includes Loans and Advances

11.9

1717.3 1648.9 68.4 0.0 0.0

Current Revenue Tax Non-Tax* Loans and Advances Grant Income

Current Surplus/Deficit

1705.4 196.3 1509.1

Current Expenditure Amortization Other

2000/01

(197.6)

226.9

424.5

346.8 333.9 12.8

(77.7)

1722.2 1644.1 77.6 0.0 0.0

1799.9 226.9 1573.0

2001/02

(281.2)

241.7

(522.9)

328.4 319.1 5.7

(198.0)

1716.2 1636.7 79.4 0.0 0.0

1914.2 241.7 1672.5

2002/03

(133.0)

320.0

(453.0)

253.7 253.0 0.7

(199.2)

1865.7 1794.6 71.1 0.0 0.0

2064.9 320.0 1744.9

2003/04

(145.0)

338.5

(483.5)

226.1 223.9 2.2

(257.4)

1897.4 1803.8 61.3 0.0 0.0

2154.8 338.5 1816.3

2004/05

(78.5)

295.1

(373.6)

248.1 245.6 2.5

(125.5)

2143.1 2075.1 65.3 2.7 0.0

2268.5 295.1 1973.4

2005/06

CENTRAL GOVERNMENT OPERATIONS 2000/01 -- 2009/10

APPENDIX 11

(131.3)

419.4

(551.0)

257.0 254.9 2.1

(294.0)

2223.1 2155.3 65.6 2.2 0.0

2517.1 419.4 2097.7

2006/07R

(264.1)

463.0

(727.1)

239.0 239.0 0.0

(488.1

2540.1 2435.5 100.6 0.0 4.0

3028.2 463.0 2565.2

2007/08R

(396.8)

507.8

(904.6)

232.0 232.0 0.0

(672.6)

2621.8 2483.5 130.7 0.0 7.5

3294.4 507.8 2786.6

2008/09P

(637.3)

460.2

(1097.5)

203.1 202.3 0.8

(894.4)

2399.9 2248.9 139.0 0.0 12.0

3294.3 460.2 2834.1

2009/10R

($ M)

Barbados Economic and Social Report 2009 Appendices

A -- 11

A --12 69.5 0.0 0.0

Non-Tax Revenue (1)

Loans and Advances

Grant Income

SOURCE:

Other

0.0

12.0

0.0

18.0

0.0

30.0

1722.2

0.0

78.0

60.0

14.4

146.3

749.4

102.5

571.4

2001/02

0.0

17.9

0.0

17.9

1716.2

0.0

79.4

45.7

12.0

160.1

718.4

95.8

604.7

2002/03

0.0

13.0

0.0

15.0

0.0

28.0

1865.7

0.0

71.1

46.1

15.6

194.2

835.2

106.1

596.3

2003/04

Ministry of Finance (1) Includes Loans and Advances (2) Transport Levy included in Special Receipts from 1988/89

0.0

0.8 12.0

15.8

Training Levy

Environmental Levy

0.1

Health Levy

Transport Levy (2)

0.6

29.3

Employment Levy

Total Levies:

Memorandum Items

1717.3

62.9

Special Receipts

TOTAL

14.1

135.4

Taxes on International Trade

Stamp Duties

750.1

93.7

591.6

Taxes on Goods and Services

Taxes on Property

Taxes on Income & Profits

2000/01

0.0

14.2

0.0

22.1

0.0

36.3

1897.4

0.0

61.2

52.2

18.9

193.0

837.9

112.9

621.3

2004/05

0.0

16.0

0.0

20.3

0.0

36.3

2142.9

0.0

68.0

68.9

22.0

180.5

959.9

137.4

706.2

2005/06

0.0

16.0

0.0

21.7

0.0

37.7

2223.3

0.0

68.1

59.3

26.9

173.8

939.3

151.2

804.7

2006/07

CURRENT REVENUE BY ECONOMIC CLASSIFICATION 2000/01 -- 2009/10

APPENDIX 12

0.0

13.6

0.0

22.9

0.0

36.5

2452.0

4.0

0.0

93.1

54.7

21.9

197.3

1053.8

102.9

924.3

2007/08

14.5

30.7

0.0

18.5

0.0

63.7

1740.6

7.5

0.0

62.8

63.7

14.0

172.9

822.1

108.0

489.6

2008/09R

4.1

28.5

0.0

16.3

0.0

48.9

1604.3

0.0

93.6

48.9

8.5

136.8

685.4

106.9

524.2

2009/10P

($ M)

Barbados Economic and Social Report 2009 Appendices

274.3

274.2

521.0

INTEREST

SUBSIDIES AND TRANSFERS

SOURCE: Ministry of Finance

TOTAL

1914.0

320.0

241.7

AMORTIZATION

2064.9

672.0

195.9

211.3

GOODS AND SERVICES

39.1

40.5

National Insurance Contributions

563.6

602.7

625.3

665.8

2154.8

716.8

263.4

338.5

209.0

43.0

584.1

627.1

2003/04R 2004/05R

Wages and Salaries

EMPLOYMENT EXPENSES

2002/03

2272.3

782.1

298.9

295.1

228.2

47.1

620.9

668.0

2005/06R

2002/03 - 2009/10

2517.2

821.4

327.4

419.4

261.2

50.7

637.1

687.8

2006/07R

3028.2

1007.3

391.8

463.0

357.2

56.1

752.8

808.9

2007/08R

APPENDIX 13 CURRENT EXPENDITURE BY ECONOMIC CLASSIFICATION

3294.4

1137.1

396.3

507.8

420.6

58.2

774.5

832.7

2008/09P

3294.3

1095.9

485.2

460.2

393.2

60.2

799.7

859.9

2009/10P

($ M)

Barbados Economic and Social Report 2009 Appendices

A -- 13

A --14 27.1

16.9

6.6

128.9 84.6 44.3

463.2 334.2 163.0 171.2

Accountant General Central Bank of Barbados (*) Does not include Publicly Guaranteed Debt

32.0

Central Government Debt Service as % Government Revenue

SOURCE:

13.3

Central Government Foreign Debt as % of GDP

8.7

160.3 61.0 99.3

Foreign Interest Amortisation

Foreign Debt Service as % of Exports of Goods and Services

499.2 338.9 189.7 149.2

2000

1999

CENTRAL GOVERNMENT DEBT SERVICE Domestic Interest Amortisation

970.5 35.2 417.0 518.1 -0.2

2298.9 530.6 1768.3

3269.4

2000

753.8 28.8 382.8 320.0 -0.5

2038.3 501.9 1536.4

Domestic Short-Term Long-Term

Foreign Debt Bilateral International Institutions Bonds Euro-Market Loans Other

2792.1

CENTRAL GOVERNMENT TOTAL DEBT (*)

1999

30.9

23.2

9.1

163.0 101.6 61.4

540.5 377.4 198.0 179.4

2001

1343.9 29.0 431.9 841.8 27.7 13.5

2389.7 515.3 1874.4

3733.6

2001

24.3

22.1

9.2

156.4 93.6 62.9

416.0 259.5 153.7 105.8

2002

1292.1 450.2 35.4 796.3 10.0 0.2

2842.5 496.9 1985.6

3774.6

2002

48.5

22.3

13.3

264.5 110.1 154.4

893.5 629.0 323.7 305.3

2003

1334.8 16.5 493.3 788.0 22.9 14.1

2801.2 578.7 2222.5

4136.0

2003

32.0

21.2

8.9

178.9 101.0 77.9

606.0 427.1 167.4 259.7

2004

1336.2 8.0 509.8 787.5 23.0 7.7

2840.7 640.6 2200.1

4177.0

2004

2005

29.0

21.3

7.4

163.0 95.0 68.0

586.7 423.1 189.5 234.5

2005

1542.4 19.6 527.4 976.2 15.5 3.6

3250.1 644.1 2605.9

4792.5

APPENDIX 14 NATIONAL DEBT - CENTRAL GOVERNMENT 1999 - 2009

25.2

20.9

6.9

179.7 94.3 85.5

573.8 394.1 191.5 202.6

2006

1606.0 9.5 497.0 1082.0 16.1 1.5

3103.9 498.3 2605.6

4709.9

2006

29.7

20.2

6.1

175.8 110.1 65.7

725.1 549.3 249.4 299.9

2007

1609.3 8.6 534.4 1051.4 14.9 0.0

4068.5 690.3 3378.2

5677.8

2007

27.8

22.7

8.0

234.4 126.1 108.3

686.7 452.3 204.3 245.0

2008R

1865.7 7.3 489.4 1007.9 12.6 361.1

4119.5 657.8 3461.6

5985.2

2008R

26.8

27.4

9.3

248.2 119.2 129.0

667.0 418.8 232.8 186.0

2009P

2126.0 5.5 514.7 1229.2 10.8 365.8

4711.3 859.2 3852.1

6837.4

2009P

($ M)

Barbados Economic and Social Report 2009 Appendices

124.6 42.7 200.3 245.7 412.9 436.9 598.7 642.5 568.2 679.4 1080.9 1535.3 1711.3 2087.1 1746.7 1607.7 1691.2 2249.6 1751.6 1643.7 2494.9 2292.5 1982.6 1751.6 1803.7 1595.2 1761.2 1643.7 Central Bank of Barbados

1990 1991 1992 1993 1994

1995 1996 1997 1998 1999

2000 2001 2002 2003 2004 2005 2006 2007 2008R 2009P

2008R Mar. Jun. Sep. Dec.

2009P Mar. Jun. Sep. Dec.

SOURCE:

1372.0 1507.8 1324.9 1466.4

1106.4 1336.6 1460.7 1345.0

439.3 239.9 846.5 1032.5 1170.2 1094.9 1063.5 1185.7 1345.0 1466.4

543.1 643.3 680.8 738.1 551.3

498.0 525.2 619.1 634.7 515.2

291.2 262.5

330.2 233.1

1988 1989

To Government (Net)

Net Foreign Assets

Period Ended

5470.3 5518.4 5568.5 5610.1

5040.6 5132.2 5266.0 5478.3

2613.9 2594.7 2757.2 2769.3 3287.7 4095.7 4627.1 4986.6 5478.3 5610.1

1503.0 1585.7 1923.0 2245.3 2536.7

1168.4 1207.7 1185.0 1172.4 1322.2

1014.8 1120.3

To Private Sector

Domestic Credit

6842.3 7026.2 6893.5 7076.5

6147.0 6468.8 6726.7 6823.3

3200.1 3012.4 3603.7 3801.7 4457.9 5190.6 5690.6 6172.3 6823.3 7076.5

2086.2 2279.9 2696.5 2983.3 3207.8

1817.9 1861.8 1927.3 1916.3 1990.1

1401.7 1495.8

Total

3555.3 3523.1 3555.6 3510.0

3850.7 3694.6 3586.6 3672.6

1519.8 1585.1 2288.7 2416.8 2863.2 3187.5 3157.0 3802.9 3672.6 3510.0

899.3 1036.7 1263.8 1317.6 1399.7

624.7 549.9 610.8 624.5 795.6

574.6 514.6

Money Supply

2096.7 2060.4 1988.1 1971.8

2422.1 2212.0 2058.6 2146.1

939.3 1060.6 962.2 896.1 1036.8 1548.0 1637.9 2345.3 2146.1 1971.8

515.7 879.2 722.9 738.1 968.5

435.5 418.6 484.3 366.8 400.5

329.0 367.8

3786.5 3855.9 3824.9 4038.4

3511.4 3601.6 3634.2 3649.9

1898.7 2028.8 2160.0 2391.9 2626.4 2751.6 3024.5 3405.7 3649.9 4038.4

1291.4 1425.9 1533.2 1689.6 1796.9

950.7 956.0 986.8 1126.4 1207.1

790.6 848.6

Quasi-Money Time Savings Deposits Deposits

Total Monetary Liabilities

APPENDIX 15 MONETARY SURVEY 1988 - 2009

5883.2 5916.3 5812.9 6010.2

5933.5 5813.6 5692.8 5796.0

2838.0 3089.5 3122.2 3288.0 3663.2 4299.6 4662.4 5751.0 5796.0 6010.2

1807.0 2305.1 2256.2 2427.7 2765.5

1386.2 1374.6 1471.1 1493.3 1607.6

1119.6 1216.4

Total

8407.0 8392.7 8287.3 8427.9

8394.6 8537.6 8416.5 8417.1

4033.2 4248.4 4793.5 5128.2 5923.0 6500.6 7100.9 8187.6 8417.1 8427.9

2380.3 2844.2 3152.3 3333.2 3664.2

2010.9 1924.5 1989.8 2011.4 2239.1

1694.2 1731.0

Total Monetary Liabilities

239.1 228.7 367.4 292.3

249.2 223.8 292.8 157.8

247.8 285.9 521.5 760.7 281.6 297.7 280.9 234.3 157.8 292.3

142.8 34.5 186.8 218.3 223.1

(27.9) 6.6 158.9 185.4 160.4

63.4 67.4

Other Items

($ M)

Barbados Economic and Social Report 2009 Appendices

A -- 15

Barbados Economic and Social Report 2009

Appendices

APPENDIX 16 COMMERCIAL BANKS - SELECTED BALANCE SHEET ITEMS 1988 - 2009 ($ M) DEPOSITS Loans and Advances

Total Assets/ Liabilities

1525.7 1570.7

1047.6 1198.0

1844.8 1923.1

950.7 956.0 986.9 1126.6 1231.6

1832.7 1761.3 1920.8 1940.8 2239.0

1247.1 1262.3 1217.8

2180.4 2160.1 2266.2

1456.8

2650.1

515.7 879.2 722.9 738.1 968.5

1328.9 1439.1 1541.6 1698.2 1801.2

2539.2 3153.2 3347.1 3515.6 3912.1

1533.1 1614.5 1978.3 2315.4 2612.1

3051.8 3722.9 4034.0 4311.5 4739.2

1246.4 1298.1 2003.3 2137.5 2465.5 2699.4 2670.3 3299.7 3122.3 3016.1

939.3 1060.6 962.2 896.1 1036.8 1548.0 1637.9 2345.2 2146.1 1971.8

1901.6 2038.9 2176.7 2460.2 2633.3 2758.4 3029.6 3411.3 3666.5 4042.7

4087.3 4397.7 5142.1 5493.8 6135.7 7005.9 7337.8 9056.4 8934.9 9030.6

2712.6 2732.5 2910.3 2867.0 3346.1 4081.8 4713.7 5097.1 5703.0 5822.9

4911.7 5417.4 6267.1 6812.6 7302.8 8297.3 9069.3 11357.1 11801.4 11439.0

2007 Mar Jun Sep Dec

2794.7 2849.9 3062.2 3299.7

1917.8 2034.5 2284.9 2345.2

3102.4 3218.5 3319.1 3411.3

7814.9 8102.9 8666.1 9056.4

4871.0 4857.5 4978.7 5097.1

9149.9 9510.6 10460.5 11357.1

2008R Mar Jun Sep Dec

3381.2 3235.3 3118.7 3122.3

2422.1 2212.0 2058.6 2146.1

3528.5 3619.0 3651.6 3666.5

9331.9 9066.3 8829.0 8934.9

5167.4 5281.0 5454.2 5703.0

11635.5 11424.9 11417.3 11801.4

2009P Mar Jun Sep Dec

3094.5 3049.5 3078.7 3016.1

2096.7 2060.4 1988.1 1971.8

3800.7 3866.7 3829.1 4042.7

8991.9 8976.6 8895.9 9030.6

5698.3 5716.1 5727.9 5822.9

10790.6 10965.1 11104.8 11439.0

Period Ended

Demand

Time

Savings

Total

1988 1989

403.2 342.5

330.9 378.5

791.6 849.7

1990 1991 1992 1993 1994

446.5 386.7 449.6 447.4 606.9

435.5 418.6 484.3 366.8 400.5

1995 1996 1997 1998 1999

694.6 834.9 1082.6 1079.3 1142.4

2000 2001 2002 2003 2004 2005 2006 2007 2008R 2009P

SOURCE: Central Bank of Barbados

A --16

2.7 3.9

Fisheries

Mining and Quarrying

0.1

Government

2612.1

133.8

1083.4

202.0

2712.6

137.6

1086.7

174.0

126.2

92.3

0.0

233.5

15.9

43.4

35.8

328.6

275.7

88.0

5.6

2.6

66.7

2000

SOURCE: Central Bank of Barbados

TOTAL

Miscellaneous

Personal

Professional and Other Services

82.8

181.9

Construction

Financial Institutions

23.9

Public Utilities

72.6

37.1

Transport

Statutory Boards

19.6

302.2

Tourism

Entertainment

321.4

Distribution

96.6

48.0

Agriculture

Manufacturing

1999

SECTOR

2732.5

127.2

1183.1

179.9

104.5

118.6

0.1

228.2

19.1

40.7

33.5

293.7

251.0

92.6

3.3

2.3

54.6

2001

2910.3

167.9

1184.3

175.7

158.1

158.4

0.0

227.6

12.0

34.1

29.8

336.0

289.0

86.1

3.2

2.3

45.7

2002

2867.0

90.6

1241.1

174.8

59.4

219.0

0.0

210.5

9.7

23.9

35.7

385.3

279.9

100.5

4.5

1.8

41.9

2003

3346.1

142.3

1456.6

198.5

112.1

281.2

0.0

264.7

8.5

27.1

36.5

361.8

321.7

98.6

1.8

2.4

32.3

2004R

4081.8

92.4

1806.4

308.5

151.4

270.4

20.0

316.1

6.6

26.2

39.7

517.5

368.8

111.2

2.8

2.1

41.6

2005

4713.7

137.3

2162.0

304.5

161.2

345.8

33.8

363.5

4.5

33.9

42.4

522.4

413.4

134.5

2.9

2.6

48.7

2006

APPENDIX 17 COMMERCIAL BANK CREDIT - SECTORAL DISTRIBUTION 1999 - 2009

123.2

5703.0

5097.1

2634.5

480.9

294.6

466.0

35.7

425.9

34.7

46.5

64.1

499.1

415.8

129.6

4.9

2.8

44.6

2008R

104.3

2433.0

360.1

227.3

396.3

42.2

352.2

28.3

33.4

64.4

471.3

403.3

123.6

5.8

2.6

48.7

2007

5822.9

133.6

2683.2

539.0

380.7

435.0

44.4

439.9

39.8

44.2

66.9

477.7

368.4

122.6

3.8

2.7

41.2

2009P

($ M)

Barbados Economic and Social Report 2009 Appendices

A -- 17

Barbados Economic and Social Report 2009

Appendices

APPENDIX 18 SELECTED INTEREST RATES 1988 - 2009 (Percentages Per Annum) Deposits - Minimum Rates Period Ended

Treasury Bills

Three Months

Six Months

Prime Twelve Lending Months Savings Rate(1)

Barbados Bank Rate

U.S.A. Bank Rate

1988 1989

4.71 5.82

3.25 6.00

3.50 6.25

3.75 6.50

4.00 6.00

9.00 11.00

8.00 13.50

6.50 7.00

1990 1991 1992 1993 1994

8.06 11.30 6.60 7.23 7.77

5.50 7.00 4.00 1.25 5.00

5.50 7.25 4.25 1.25 5.00

5.50 7.50 4.25 1.25 5.00

5.50 7.00 4.00 5.00 5.00

10.25 14.50 10.75 8.75 9.75

13.50 18.00 12.00 8.00 9.50

7.00 3.50 3.00 3.00 4.75

1995 1996 1997 1998 1999

8.27 5.61 4.91 5.70 6.05

5.00 5.00 4.00 4.00 5.00

9.75 8.75 8.75 8.75 10.00

12.50 12.50 9.00 9.00 10.00

5.25 5.00 5.00 4.50 5.00

2000 2001 2002 2003 2004 2005 2006 2007 2008R 2009P

3.85 1.97 1.51 0.64 2.76 6.26 6.56 4.90 4.81 3.48

4.50 3.00 2.50 2.50 2.25 4.75 5.25 4.75 4.00 2.50

9.50 7.25 6.75 6.75 6.50 9.15 10.15 9.65 9.00 7.65

10.00 7.50 7.50 7.50 7.50 10.00 12.00 12.00 10.00 7.00

6.00 1.25 0.75 2.00 3.15 5.15 6.25 4.83 0.86 0.50

2007 Mar Jun Sep Dec

5.74 5.76 5.16 4.90

5.25 5.25 5.25 4.75

9.95 9.95 9.80 9.65

12.00 12.00 12.00 12.00

8.25 8.25 7.75 7.25

2008R Mar Jun Sep Dec

4.70 4.16 3.48 4.81

4.75 4.50 4.50 4.00

9.65 9.40 9.40 9.00

12.00 12.00 12.00 10.00

3.04 2.25 2.25 0.86

2009P Mar Jun Sep Dec

3.85 3.85 3.56 3.48

3.00 3.00 2.50 2.50

8.15 8.15 8.15 7.65

10.00 7.00 7.00 7.00

0.50 0.50 0.50 0.50

SOURCE: Central Bank of Barbados (1) - Minimum Rate

A --18

179.3 179.9 180.7 184.1 198.8

199.7 200.2 200.5 200.7

201.4 203.2 204.6 205.8 207.5

208.8 209.4 210.1 210.6

211.0 211.6 212.1 212.7

212.5 212.6 212.7 213.0

213.0 213.0 213.1 213.3

1987 1988 1989 1990 1991

1992 1993 1994 1995

1996 1997 1998 1999 2000

2001 2002 2003 2004

2005 2006 2007R 2008P

2008P Q1 Q2 Q3 Q4

2009P Q1 Q2 Q3 Q4 73.0 72.9 71.6 74.0

73.2 75.0 73.6 73.1

75.0 73.4 74.5 73.7

74.9 74.1 74.6 75.0

70.2 70.9 71.7 72.8 73.4

68.4 68.6 68.8 69.1

63.0 62.6 63.4 64.3 68.2

Male

69.7 70.5 70.6 68.6

70.6 71.0 70.2 68.6

71.8 70.1 69.2 70.1

70.3 69.2 70.9 71.3

65.4 66.9 66.9 66.8 68.9

63.8 64.2 66.3 67.6

56.3 58.8 58.6 59.6 61.3

Female

Labour Force (‘000)

SOURCE: Barbados Statistical Service

Total

YEAR

Adult Population (‘000)

142.7 143.4 142.3 142.6

143.8 146.0 143.8 141.6

146.8 143.5 143.7 143.8

145.2 143.4 145.5 146.3

135.6 137.8 138.5 139.6 142.3

132.1 132.8 135.1 136.8

119.3 121.4 122.0 123.9 129.5

Total

65.5 65.9 63.4 66.2

68.4 69.2 68.8 68.3

69.0 67.8 69.7 68.7

68.9 67.7 67.4 68.3

62.2 62.8 65.7 67.2 68.0

54.6 54.0 56.7 57.7

54.6 54.9 56.3 57.8 59.2

Male

APPENDIX 19

62.7 63.4 62.9 63.1

64.0 64.3 63.0 62.6

63.6 63.2 63.4 63.4

61.9 60.9 62.0 63.8

53.6 54.9 56.0 58.0 61.0

47.1 46.5 48.8 52.1

43.3 45.3 46.9 47.5 47.9

Female

No of Persons Employed (‘000)

128.3 129.2 127.3 129.3

132.4 133.5 131.8 130.9

132.6 131.0 133.1 132.1

130.9 128.6 129.5 132.0

115.8 117.7 121.7 125.2 129.0

101.7 95.4 105.5 109.9

97.9 100.2 103.2 105.3 107.1

Total

10.2 9.6 10.1 10.5

6.5 7.8 6.6 6.5

8.0 7.7 6.4 6.9

8.0 8.7 9.6 9.0

11.4 11.5 8.3 7.7 7.5

20.1 21.2 17.6 16.5

13.3 12.3 11.1 10.1 13.2

Male

10.0 10.1 11.0 8.1

9.4 9.4 10.2 8.8

11.4 9.8 8.5 9.5

11.9 12.1 12.6 10.6

18.0 17.8 16.3 13.2 11.4

26.1 27.6 26.4 22.9

23.1 22.9 19.8 20.3 21.9

Female

Unemployment Rate (%)

LABOUR FORCE AND EMPLOYMENT BY SEX 1987 - 2009 (Average for the year)

10.1 9.9 10.5 9.4

7.9 8.6 8.4 7.6

9.7 8.7 7.4 8.1

9.9 10.3 11.0 9.8

14.6 14.6 12.2 10.3 9.4

23.0 24.3 21.9 19.7

17.9 17.4 15.3 15.0 17.3

Total

72.4 72.3 71.1 73.4

72.8 74.6 73.2 72.5

75.2 73.4 74.3 73.3

75.9 74.8 75.1 75.3

73.7 73.8 74.1 74.8 74.9

74.1 74.1 74.2 74.5

76.0 75.2 75.7 75.5 74.2

Male

62.1 62.8 62.9 61.1

63.0 63.3 62.6 61.1

64.5 62.8 61.9 62.5

63.8 62.7 64.0 64.2

61.6 62.4 62.0 61.6 63.0

59.4 59.8 61.5 62.7

58.4 60.8 60.2 60.3 57.4

Female

Participation Rate (%)

67.0 67.3 66.8 66.9

67.7 68.7 67.6 66.5

69.6 67.8 67.8 67.6

69.5 68.5 69.2 69.5

67.3 67.8 67.7 67.8 68.6

66.2 66.3 67.4 68.2

66.5 67.4 67.4 67.4 65.2

Total

Barbados Economic and Social Report 2009 Appendices

A -- 19

Barbados Economic and Social Report 2009

Appendices

APPENDIX 20 RETAIL PRICE INDEX - ANNUAL AVERAGES 1987 - 2009

Year Ended

Food

Alcoholic Beverages and Tobacco

Housing

Fuel and Light

Household Operations and Supplies

Clothing and Footwear

Medical and Personal Care

Transportation

Education, Recreation and All Miscellaneous Items

Weights March 1980= 100

432

131

1000

May 1994=100

394

168

105

1000

July 2001=100

3379

373

1227

634

1014

344

1703

585

741

10000

1987 1988 1989 1990 1991

153.9 163.9 178.7 186.0 194.9

174.1 183.8 191.6 192.5 208.4

208.7 214.0 225.0 228.6 253.8

114.2 112.1 116.3 121.3 121.6

119.3 124.7 126.4 127.9 133.2

120.9 125.2 128.5 128.2 131.7

169.3 182.1 193.2 204.3 211.5

170.2 180.6 186.1 195.5 229.5

148.5 147.2 150.8 155.0 156.8

156.8 164.2 174.6 179.9 191.2

1992 1993 1994 1995

195.4 195.3 103.1 106.1

223.2 220.9 99.0 101.2

296.7 296.9 99.7 103.7

124.9 128.8 101.0 104.0

147.3 148.5 99.8 98.0

135.8 137.6 100.0 97.6

233.3 253.0 99.4 101.0

260.5 274.4 101.2 99.3

158.0 163.2 99.7 100.3

202.8 205.1 101.1 103.0

1996 1997 1998 1999 2000

110.2 125.1 119.7 122.7 125.8

104.2 112.4 113.8 114.8 116.0

105.7 107.0 110.6 113.4 116.5

103.7 112.9 109.8 106.8 122.5

98.7 103.6 102.0 101.0 95.1

96.8 91.4 90.4 93.6 91.1

100.5 101.7 119.7 101.9 112.1

103.6 108.6 108.9 109.9 106.6

102.7 114.4 119.6 122.3 126.6

105.5 113.6 112.2 113.9 116.7

2001 2002 2003 2004 2005

97.6 99.3 102.1 106.6 114.2

99.7 100.2 97.8 96.6 98.4

99.7 101.1 100.7 100.4 110.9

98.7 96.9 100.6 95.8 102.9

99.9 94.8 92.6 91.3 91.8

99.2 94.2 91.4 91.7 90.1

99.2 97.4 100.5 101.7 110.0

100.4 105.0 109.0 110.7 114.4

100.1 99.6 101.0 102.3 104.7

98.6 98.8 100.4 101.8 108.0

2006 2007 2008R 2009P

123.2 131.9 149.7 160.8

102.2 106.9 126.7 147.6

121.7 126.8 128.5 139.3

111.9 115.2 124.4 131.8

99.3 104.7 110.1 120.3

83.8 83.2 86.2 95.0

118.1 114.7 133.1 144.2

120.6 127.8 120.6 119.9

112.2 116.8 120.1 120.2

115.9 120.6 130.3 135.1

Q1 Q2 Q3 Q4

138.5 143.8 155.4 161.2

111.3 116.9 135.8 142.9

126.3 129.5 129.6 128.9

119.2 130.7 130.7 117.0

107.6 108.0 111.5 113.5

85.7 86.7 84.7 87.5

129.7 131.0 134.9 136.9

114.7 125.0 127.4 115.2

119.8 120.6 120.4 119.6

123.9 129.0 134.5 134.0

Q1 Q2 Q3 Q4

160.9 157.2 159.3 161.4

144.6 145.0 146.0 147.8

124.9 122.5 134.5 139.5

104.9 106.9 125.1 130.7

115.9 117.9 120.1 120.1

91.1 92.9 94.7 93.9

140.0 143.1 145.1 144.3

110.5 115.4 120.8 119.2

118.9 118.8 119.3 119.9

132.5 132.3 137.0 138.5

2008R

2009P

SOURCE: Barbados Statistical

Service

With effect from June 1995 the Statistical Service ceased publication of the index of Retail Prices with the March 1980 base. This has been replaced with a new index based on May 1994. Both weights are relevant to each base period and are provided for easy reference. Similarly, from July 01, 2001 the base period and weights were re-adjusted.

A -- 20

38.5 147.4

1995

817.2 169.3 5166.5 2567.7 1180.4 143.9

1279.5 246.4 1632.6 1172.1 1344.3 1686.4 380.9 496.5 408.0 213.3 1003.8 1066.0

1675.5 325.4 1341.2 1719.2 1174.3 1552.0 566.8 1106.5 842.5 770.5 935.3 1107.1

496.8 169.4 5060.2 1442.7 912.5 32.7

59.1 14.3

1996

861.8 66.6 1928.3 11176.3 12.1 1065.0 7869.4

867.7 661.1 81.1 48.6 2619.4 2795.4 12622.4 11710.2 20.5 22.7 1275.9 792.1 8350.8 8531.4

823.9 88.1 637.6 781.7 478.1 444.3 222.6 805.2 623.0 279.1 605.9 720.1

324.9 103.7 2553.2 1319.4 480.0 89.2

64.6 44.0

1997

562.5 51.1 2735.3 11737.5 13.8 972.4 9100.0

282.4 49.3 442.0 553.4 565.8 209.1 142.7 320.5 184.9 323.6 318.7 418.8

194.4 21.9 740.6 653.4 421.3 10.1

48.0 38.1

1998

590.2 45.6 2356.4 12296.9 16.0 1309.9 7630.5

847.5 246.9 1015.2 1734.6 991.3 551.0 184.2 341.0 214.5 214.2 383.9 901.5

329.4 244.6 2709.8 2205.0 687.1 70.8

53.2 18.5

1999R

751.7 45.7 1922.0 12188.5 13.9 1607.6 7929.7

895.8 160.3 780.8 1025.3 699.7 832.2 217.4 566.8 316.7 254.1 519.8 653.5

489.5 178.0 735.0 306.0 141.8 127.6

58.4 11.6

2000

411.6 31.5 1799.4 11382.7 14.6 1473.3 8140.1

1023.0 218.4 664.0 1346.0 678.9 n.a. 212.8 420.0 296.4 180.0 462.3 663.4

342.0 197.1 2898.0 1818.0 54.0 52.8

49.8 9.0

2001

362.3 73.3 1409.9 11036.2 54.2 1603.6 7426.5

393.8 75.8 501.2 800.2 1701.7 155.5 281.4 1288.7 610.4 1107.7 265.0 916.8

397.4 47.6 1467.5 349.2 311.1 30.0

44.8 26.9

2002

345.6 90.1 1755.9 12316.4 50.3 1619.6 7016.6

505.3 155.1 640.0 1011.5 2018.1 278.9 342.8 1466.1 639.9 1264.2 466.3 1233.7

411.6 44.1 2609.8 1233.7 338.2 62.5

36.3 18.7

244.5 97.3 2064.4 13521.3 13.9 1928.0 6620.8

243.6 218.4 432.3 826.8 1361.9 316.5 375.5 569.7 323.1 548.5 291.3 837.4

316.7 115.4 1913.0 603.4 550.8 28.2

34.4 22.5

2003R 2004R

173.3 78.5 2308.1 15022.3 8.7 1384.9 6256.4

343.0 98.9 405.4 467.2 1388.1 285.3 379.5 495.0 114.1 574.9 204.3 987.3

198.6 174.5 2083.9 817.5 346.5 22.5

38.2 29.4

2005

169.6 79.0 2636.9 13571.2 12.6 1986.6 5569.9

370.7 92.4 641.9 317.7 1324.2 438.9 309.6 525.2 136.5 477.5 120.9 1040.6

374.7 156.8 2200.9 793.8 444.2 21.3

33.7 15.5

2006

136.1 72.4 2502.0 14934.0 6.3 2305.0 6762.3

252.0 109.8 253.5 305.4 1449.9 417.5 477.4 658.1 114.2 419.5 159.5 1224.2

448.1 151.4 1334.6 646.5 287.3 9.3

34.7 19.2

2007

144.4 85.1 2636.8 14627.4 8.3 1902.5 6694.4

167.8 29.0 437.5 252.8 811.6 143.6 185.1 423.6 124.4 220.9 249.3 815.4

466.2 40.5 884.0 279.6 423.6 23.7

31.6 26.0

2008R

150.8 89.3 2746.7 14692.8 9.6 2002.2 7013.5

170.3 52.0 254.3 198.1 1119.7 572.1 243.1 244.6 178.1 293.9 191.2 718.5

690.5 23.5 1202.2 824.3 626.0 50.4

30.3 3.9

2009P

% Change

4.5 4.9 4.2 0.4 15.3 5.2 4.8

1.5 79.3 -49.1 -21.6 38.0 298.4 31.3 -42.3 43.2 33.0 -23.3 -11.9

48.1 -42.0 36.0 194.8 47.8 112.7

-4.1 -85.0

over 2008

SOURCE: Ministry of Agriculture and Rural Development * Chicken and Turkey NB. Estimates for the years 2002 and 2003 were derived using a new methodology. Consequently, the data for these years is not directly comparable with that of previous years.

Beef Mutton Pork Poultry* Veal Eggs Milk

Livestock and Dairy Products (‘000 kgs)

Beans (string) Beets Cabbage Carrots Cucumbers Lettuce Melon Okra Pepper (Hot) Pepper (sweet) Pumpkins Tomatoes

Vegetable Production (‘000 kgs)

Cassava Eddoe Sweet Potatoes Yams Onions Peanuts

Root Crop Production (‘000 Kgs)

Sugar (‘000 tonnes) Cotton (‘000 Kgs)

Export Crops

Commodities

APPENDIX 21 PRODUCTION OF SELECTED AGRICULTURAL COMMODITIES 1995-2009

Barbados Economic and Social Report 2009 Appendices

A -- 21

A -- 22

12.8 11.5 11.1 10.5 10.3

9.2 7.9 7.8 7.5

8.4 8.9 8.4 8.5 8.6

9.2 8.0 7.4 7.0 7.1 6.7 6.3 5.9 5.8

1987 1988 1989 1990 1991

1992 1993 1994 1995

1996 1997 1998 1999 2000

2001 2002 2003 2004 2005 2006 2007 2008R 2009P

45.5 52.6 49.4 51.7 62.7 52.0 56.1 52.7 61.5

63.3 63.8 53.4 61.2 62.3

57.2 55.9 56.3 47.6

54.0 60.6 50.4 57.8 57.2

(tonnes)

419.5 417.9 364.5 361.2 442.4 348.3 353.5 310.7 356.7

534.9 570.9 448.7 521.9 537.6

528.0 441.0 439.0 357.0

689.0 698.8 560.0 606.0 587.0

Canes Milled (‘000 t)

49.8 44.8 36.3 34.4 38.2 33.7 34.7 31.6 33.3

59.1 64.6 48.0 53.2 58.4

54.0 48.5 51.9 38.5

83.4 80.3 66.3 69.3 65.7

Sugar Produced (‘000 t)*

8.4 9.3 10.0 10.5 11.6 10.3 10.2 9.8 10.7

9.2 9.0 9.4 9.8 9.2

9.8 9.1 8.5 9.3

8.6 8.7 8.5 8.7 8.9

Tonnes Cane / Sugar

5.4 5.6 4.9 4.9 5.4 5.0 5.5 5.4 5.7

7.0 7.2 5.7 6.3 6.8

5.9 6.1 6.7 5.2

6.5 7.0 6.0 6.6 6.4

Tonnes Sugar per ha

Production

47.8 45.3 48.8 51.9 55.7 47.0 30.8 34.2 19.8

73.4 76.6 61.0 54.3 57.3

65.6 57.5 60.3 52.8

78.2 77.2 60.8 71.9 69.0

Sugar Value ($ M)*

SOURCE: Statistical Services Department/Barbados Agricultural Management Company

(‘000 ha)

Year

Canes Reaped Per hectare

APPENDIX 22 SUGAR STATISTICS 1987 - 2009

1.2 0.6 1.1 1.1 1.2 0.9 0.6 0.6 0.6

1.9 1.9 1.4 1.4 1.5

1.9 1.7 1.7 1.6

2.7 2.9 2.1 2.5 1.9

At factor cost (%GDP)

48.9 41.1 33.6 32.9 33.8 32.4 32.8 27.8 30.3

55.7 57.8 46.7 50.5 54.8

52.3 48.4 50.3 38.6

70.2 67.9 51.8 56.5 52.6

Tonnes (‘000)*

964.0 982.4 1,200.1 1,332.5 1,356.7 1,378.1 1,413.0 1,622.6 1,344.8

1,312.2 1,248.9 1,211.0 1,132.0 992.0

1,276.2 1,249.0 1,181.8 1,362.0

1,040.1 1,085.5 1,004.0 1,183.2 1,181.1

Export Price/t

47.2 40.4 41.5 44.9 45.9 44.6 46.3 45.1 40.8

73.1 73.0 56.6 57.2 54.1

66.7 56.8 59.5 52.5

71.2 67.2 52.0 66.9 62.2

Export Earnings ($M)

Sugar Exports

1,549.0 1,796.4 2,071.2 2,273.4 2,185.8 2,493.5 2,641.2 3,043.6 2,832.8

1,333.0 1,397.2 1,545.3 1,530.0 1,366.2

n.a. n.a. 1,345.0 1,806.0

1,327.8 1,360.6 1,548.9 1,561.8 1,637.0

Production Cost/t

Barbados Economic and Social Report 2009 Appendices

104.7 111.1 115.0 119.4 116.4

108.7 105.7 111.5 119.9 120.0

1987 1988 1989 1990 1991

1992 1993 1994 1995 1996

91.4 90.3 92.6 94.1 95.3

95.0 93.2 84.1

2002 2003 2004 2005 2006

2007 2008R 2009P

155.7 143.5 90.0

171.4 144.2 158.0 170.8 165.5

121.5 160.1 188.2 179.8 160.7

119.8 119.8 123.5 124.1 124.2

151.0 141.3 132.9 136.7 130.4

Mining And Quarrying

152.9 152.2 153.3

132.1 136.1 138.6 137.8 149.2

114.5 117.8 120.6 122.2 127.6

177

167.3 168.1 174.6 186.5 193.6

142.7 154.9 159.3 161.1 165.1

102

Electricity and Gas

80.1 78.5 68.6

79.7 78.3 80.2 81.9 81.1

117.4 94.5 89.8 87.6 78.8

797

100.9 97.3 103.1 111.6 111.7

97.2 103.9 108.6 113.3 109.7

845

Total Manufacturing

SOURCE: Barbados Statistical Service * Refinery closed in January 1998 - all products imported

117.0 100.3 97.8 96.1 89.6

1997 1998 1999 2000 2001

Weights 1000

1000

Weights

Year

TotalAll Industries

117.8 115.3 103.8

120.3 117.6 115.0 116.6 116.4

114.4 120.1 117.8 109.5 113.0

148

119.2 119.7 123.3 128.8 135.8

115.6 109.3 106.8 115.6 125.3

156

Food

Wearing Apparel

30.4 25.6 15.6 14.3 13.0

86.9 90.6 71.4 58.1 46.5

122

76.9 84.3 74.8

79.6 84.9 87.1 84.8 73.9

82.8 101.8 110.5 102.8 92.4

113

22.1 12.0 14.3

28.8 25.1 25.7 25.2 22.2

125.1 95.5 88.3 84.2 43.0

(Average 1994 = 100)

117.1 130.2 141.1 148.1 138.1

98.4 101.7 104.6 121.6 122.1

(Average 1982 = 100)

Beverages and Tobacco

158.4 166.7 133.4

134.3 136.0 192.9 193.9 169.1

134.0 101.1 41.5 35.7 34.1

100.6 40.4 47.3 40.8 51.9

119.7 149.3 187.7 209.8 133.7

Wooden Furniture

APPENDIX 23 INDEX OF INDUSTRIAL PRODUCTION 1987 - 2009

118.2 118.8 90.4

96.7 103.0 115.7 121.9 118.4

148.3 135.7 134.9 110.0 96.1

80.2 77.0 72.5 99.5 100.6

70.3 89.5 109.0 106.0 101.9

Chemicals

0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

120.2 13.2* 0.0* 0.0 0.0

214

113.0 124.6 127.8 133.1 136.0

115.4 122.6 129.6 138.9 132.1

Petroleum Products

313.0 290.4 236.6

270.8 285.5 294.1 305.7 320.6

181.0 251.8 257.6 265.1 248.3

90.2 90.7 118.1 125.5 125.4

129.5 140.1 150.7 133.8 129.0

NonMetallic Mineral Products

33.6 32.2 21.8

54.4 46.0 53.5 41.7 45.0

111.4 93.2 87.0 81.7 55.9

71.5 56.9 52.3 56.8 60.5

44.6 46.8 51.2 55.6 49.5

110

Electronic Components

106.1 101.2 93.5

109.3 100.1 97.7 105.1 108.6

119.1 128.2 126.0 133.9 115.2

170

137.4 135.0 152.5 169.0 165.9

110.9 125.6 140.5 149.1 149.7

233

Other Manufacturing

Barbados Economic and Social Report 2009 Appendices

A -- 23

A -- 24

14.5 13.9 15.2

15.5 14.8 15.5 15.0

10.3 11.8 16.0 12.9 12.7 13.5 15.0 15.0

Year

1995 1996 1997

1998 1999 2000 2001

2002 2003 2004 2005 2006 2007 2008R 2009P

1,295.6 1,465.1 1,628.8 1,770.5 n.a n.a 882.5 798.1

1,405.7 1,332.5 1,422.6 1,373.5

1,223.6 1,288.6 1,314.4

Total Expenditure ($M)

SOURCE: Barbados Statistical Service * GDP at Factor Cost R = Revised P = Provisional

*Share in GDP (%)

6.7 6.8 6.8 7.4 n.a. n.a. n.a n.a

5.9 7.6 7.3 7.2

7.6 6.9 6.6

Average Length of Stay (Nights)

44.1 49.8 50.4 55.2 n.a. n.a. n.a n.a

52.7 57.8 60.4 51.5

56.7 59.5 62.4

Hotel Bed Occupancy Rate (%)

13,050 10,822 11,237 n.a. n.a. n.a. n.a n.a.

11,661 11,006 12,240 13,176

10,229 11,432 10,483

No. of Beds

42.5 49.9 49.7 53.8 n.a. n.a. n.a n.a

52.5 55.9 56.9 53.0

59.2 60.6 63.2

Hotel Room Occupancy Rate (%)

SELECTED INDICATORS IN THE TOURISM INDUSTRY 1995 - 2009

APPENDIX 24

497,899 531,211 551,427 547,098 562,541 572,937 567,667 518,564

512,397 514,614 545,027 544,696

442,107 447,083 472,290

Stay-over Visitors

Arrivals

523,252 559,119 721,270 563,588 539,092 616,354 597,523 635,212

506,610 466,280 533,278 527,597

484,670 509,975 517,888

Cruise Passengers

Barbados Economic and Social Report 2009 Appendices

170,773 154,269 143,295 119,069

110,685 112,733 109,092 111,983 111,731

108,095 106,300 104,953 112,153 106,629

123,429 129,326 129,664 131,005 130,757 133,519 131,795 122,306

1988 1989 1990 1991

1992 1993 1994 1995 1996

1997 1998 1999 2000 2001

2002 2003 2004 2005 2006 2007 2008 2009

46,754 49,641 50,032 47,690 49,197 52,981 57,335 63,751

58,824 59,946 57,333 59,957 52,381

49,999 49,190 52,286 53,373 54,928

65,667 65,564 57,841 46,287

Canada

SOURCE: Barbados Statistical Service *West Germany prior to 1991

U.S.A.

Year

192,606 202,564 213,947 202,765 211,520 223,575 219,953 190,632

155,986 186,690 202,772 226,787 217,466

88,759 100,071 123,455 126,621 139,588

101,231 118,122 94,890 88,166

United Kingdom

5,931 7,612 6,970 6,995 7,478 5,549 6,098 7,020

18,900 12,109 9,553 7,850 6,474

19,337 28,920 31,524 28,372 25,867

11,684 10,119 12,680 20,274

Germany*

19,397 21,914 23,060 19,857 21,922 21,509 25,727 23,052

44,797 52,936 31,668 26,138 22,185

42,941 31,958 35,602 40,977 35,505

22,051 32,416 40,234 37,326

Other Europe

25,559 27,530 26,492 30,889 34,480 30,404 28,385 26,289

18,314 19,785 25,005 23,215 21,010

15,946 21,597 22,138 22,146 15,786

22,372 18,660 18,350 16,681

Trinidad & Tobago

64,118 69,279 77,845 83,886 82,496 68,979 72,254 62,482

45,267 50,573 61,122 64,209 59,075

36,885 36,460 35,799 40,990 40,966

41,927 44,180 43,948 41,307

Other CARICOM

APPENDIX 25 TOURIST ARRIVALS BY COUNTRY OF RESIDENCE (Stay Overs) 1988 - 2009

20,105 23,345 23,492 24,447 24,691 36,421 26,120 23,032

22,107 24,058 22,208 24,387 21,858

20,918 21,597 22,138 22,146 22,712

15,822 17,929 20,854 25,112

Other Countries

497,899 531,211 551,502 547,534 562,541 572,937 567,667 518,564

472,290 512,397 514,614 545,027 507,078

385,472 395,979 425,630 442,107 447,083

451,485 461,259 432,092 394,222

Total

Barbados Economic and Social Report 2009 Appendices

A -- 25

Barbados Economic and Social Report 2009

Appendices

APPENDIX 26 DOMESTIC CRUDE OIL AND GAS PRODUCTION 1988 - 2009

Year

Domestic Crude Oil (Barrels)

% of Total Crude Oil Supply

1988 1989 1990

427,100 389,289 454,424

30.0 25.0 31.0

35,293 31,490 32,983

1991 1992 1993 1994 1995 1996

454,514 478,804 454,664 453,427 460,300 362,915

37.7 39.5 43.5 34.4 27.8 23.9

30,309 30,258 27,964 28,953 29,296 28,911

1997 1998 1999 2000 2001 2002

327,806 585,457 707,564 559,675 463,699 390,617

20.2 0.0* 0.0* 0.0* 0.0* 0.0*

28,331 37,426 49,918 37,918 34,936 29,079

2003 2004 2005 2006 2007 2008 2009

370,909 377,655 348,728 339,692 317,010 289,692 277,692

0.0* 0.0* 0.0* 0.0* 0.0* 0.0* 0.0*

22,880 20,300 23,996 23,407 20,928 20,602 19,778

SOURCE: Barbados National Oil Company Limited * - Refinery closed in January 1998

A -- 26

Gas Production (MCM)

4.8 4.5 4.2 3.4 2.4 1.5

12.0 10.6 10.1 10.7 9.9

10.9 10.0 9.2 8.1

10.4

2.4

237.7

29 34 39 44 49

50 - 54 55 - 59 60 - 64 65 - 69 70 - 74 75 - 79 80 + Not Stated

TOTAL

112.0

5.7 4.8 4.3 4.5 4.3

125.7

0.9

8.0

6.1 5.5 5.0 4.7

6.3 5.8 5.8 6.2 5.6

12.7 15.5 15.2 12.9 9.6

Female

247.5

1.8

17.4

9.8 8.7 9.0 9.1

20.9 16.1 11.0 9.9 9.0

21.2 25.5 25.8 27.8 25.7

Both Sexes

118.2

1.0

6.6

4.2 3.8 3.9 4.0

10.2 7.9 5.1 4.5 3.9

10.7 12.8 12.9 14.0 12.7

Male

1980

130.3

0.8

10.8

5.6 4.9 5.1 5.1

10.7 8.2 5.9 5.4 5.1

10.5 12.7 12.9 13.8 13.0

Female

NOTE:

260.8

10.0 8.8 9.0 8.5 8.2 6.5 7.7

24.1 23.1 19.4 15.5 11.0

19.6 21.4 21.7 23.8 22.5

Both Sexes

1990

124.7

4.6 3.9 3.9 3.7 3.5 2.7 2.7

11.8 11.1 9.3 7.6 5.1

9.9 10.7 11.0 12.0 11.3

Male

Figures for 1970 and 1980 include institutional population for which ages are not available. Revised figures are based on the 1990 Census Data.

SOURCE: Barbados Statistical Service 1970, 1980, 1990 and 2000 Census Data. Error in total population figure due to rounding.

25 30 35 40 45

13.0 15.7 15.0 12.8 9.9

25.7 31.2 30.2 25.7 19.5

0-4 5-9 10 - 14 15 - 19 20 - 24

Male

Both Sexes

Age Group

1970

APPENDIX 27 POPULATION BY SEX AND AGE GROUP (Census Years 1970, 1980, 1990 and 2000)

136.0

5.5 4.9 5.1 4.8 4.7 3.8 5.0

12.2 12.0 12.1 7.9 5.9

9.7 10.6 10.7 11.8 11.2

Female

268.8

14.6 10.2 9.6 8.9 8.3 6.2 9.1

21.3 21.1 22.8 21.5 17.9

18.4 19.8 19.7 20.3 19.2

Both Sexes

129.2

7.0 4.7 4.3 3.9 3.5 2.5 3.2

10.6 10.3 11.0 10.3 8.6

9.3 10.0 10.0 10.2 9.7

Male

2000

139.6

7.5 5.5 5.3 5.0 4.8 3.7 5.9

10.7 10.7 11.8 11.2 9.3

9.0 9.8 9.7 10.0 9.5

Female

Barbados Economic and Social Report 2009 Appendices

A -- 27

Barbados Economic and Social Report 2009

Appendices

APPENDIX 28 POPULATION, RATES OF BIRTH, DEATH AND INFANT MORTALITY 1984 - 2009

Year

Resident Population at December 31 (‘000 persons)

Birth Rate

Death Rate

(Per 1000 pop.)

Rate of Infant Population Mortality* Growth (per 1000 Births)

1984 1985 1986 1987

255.8 257.0 258.0 258.8

16.7 16.7 15.7 14.8

7.8 8.3 8.4 8.5

8.9 8.4 7.3 6.3

18.4 17.8 19.0 22.2

0.3 0.4 0.4 0.3

1988 1989 1990 1991 1992

259.4 260.3 260.8 262.5 263.1

14.5 15.5 16.5 16.2 15.6

8.6 8.8 8.2 8.7 9.0

5.8 6.7 8.0 7.5 6.8

19.5 18.2 15.5 15.3 13.8

0.2 0.3 0.2 0.7 0.2

1993 1994 1995 1996 1997

263.9 264.3 264.4 264.6 266.1

14.3 13.4 13.1 13.3 14.3

9.1 8.9 9.4 9.1 8.7

5.2 4.5 3.7 4.2 5.6

9.8 8.5 13.2 14.2 13.2

0.3 0.2 0.0 0.1 0.6

1998 1999 2000 2001 2002

266.8 267.4 269.1 270.4 271.3

13.6 14.5 14.0 15.0 14.1

9.3 9.0 9.1 8.9 8.5

4.3 5.5 5.0 6.1 5.6

7.8 10.0 17.0 15.8 14.4

0.3 0.2 0.6 0.6 0.3

2003 2004R 2005 2006 2007R 2008R 2009P

272.2 272.7 273.4 274.0 274.7 275.3 275.7

13.8 12.7 12.8 12.4 12.9 12.9 12.9

8.4 8.9 7.9 8.5 8.1 9.0 8.8

5.4 3.8 4.9 3.9 4.8 3.9 4.1

9.9 18.4 8.3 11.1 13.0 18.3 8.7

0.3 0.2 0.3 0.2 0.3 0.2 0.1

SOURCE :

Barbados Statistical Service Ministry of Health *Annual Reports of Chief Medical Officer R = Revised P= Provisional

A -- 28

Rate of Natural Increase