Balance Of Payments

ANALYSIS OF DATA A Balance of backing is the fight mingled with the value of tradeed goods and the value of tradeed goods.It is the relationship between a rural argonas imports and exports.A positive brace is known as a trade surplus, that is if exports atomic number 18 greater than imports.A ostracize balance is known as a trade shortfall, if it consists of trade more(prenominal) than exporting. The economy of St .Lucia is highly dependent on foreign trade, with touristry as its major export earner. Other exports include bananas, cocoa, vegetables, fruits and coconut meat tree oil. St.Lucia has recorded relatively low levels of imports. St.Lucias principal(prenominal) import consists of machinery, transport equipment and manufactured goods. Currently, France is the islands main export employment partner, with bananas accounting for 41% St.Lucias main export partners are France, US, China, Brazil and UK. Whereas, St.Lucias main import partners are US, Trinidad and Tobago, Italy, France , Finland, Venezuela, UK and Netherlands. St.Lucia is before long importing over half the heart and soul more than it is exporting. In figure 2, it throw out be recognised that St.Lucia is recording a Balance of Trade deficit for the period under investigation. within the last 9 years total exports were $2,230,076,261.00 and the total imports were $4,048,071,439.33.

In figures 1 and 3, it is evident that St.Lucia suffered an admonishing basis of trade from the years 2000-2007, which means that import prices were greater than export prices during these years. Whereas, in the following two years 2008 and 2009 in that location was a favourable terms of trade in the St.Lucian economy. St.Lucia has had a ne! gative Balance of Trade every year since independence. This one-year deficit has been counterbalanced in part by inflows from tourism and direct investment. In 2009, it can be seen that the figure $834,955,523.00 was nifty due to high levels of work being exported e.g tourism. The US central Intelligence Agency (CIA) reports that in 2000, St.Lucias...If you want to get a full essay, order it on our website: OrderEssay.net

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