You are here -allRefer - Reference - Country Study & Country Guide - Caribbean Islands >

allRefer Reference and Encyclopedia Resource

allRefer    
allRefer
   


-- Country Study & Guide --     

 

Caribbean Islands

 
Country Guide
Afghanistan
Albania
Algeria
Angola
Armenia
Austria
Azerbaijan
Bahrain
Bangladesh
Belarus
Belize
Bhutan
Bolivia
Brazil
Bulgaria
Cambodia
Chad
Chile
China
Colombia
Caribbean Islands
Comoros
Cyprus
Czechoslovakia
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Finland
Georgia
Germany
Germany (East)
Ghana
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran
Iraq
Israel
Cote d'Ivoire
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Latvia
Laos
Lebanon
Libya
Lithuania
Macau
Madagascar
Maldives
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Nepal
Nicaragua
Nigeria
North Korea
Oman
Pakistan
Panama
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Seychelles
Singapore
Somalia
South Africa
South Korea
Soviet Union [USSR]
Spain
Sri Lanka
Sudan
Syria
Tajikistan
Thailand
Turkmenistan
Turkey
Uganda
United Arab Emirates
Uruguay
Uzbekistan
Venezuela
Vietnam
Yugoslavia
Zaire

Caribbean Islands

Foreign Trade and Balance of Payments

Bananas accounted for 40.1 percent of Dominica's merchandise exports during the period 1980 to 1983. This product was followed by laundry and toilet soaps (34.3 percent), citrus products (4.3 percent), and all other commodities (21.3 percent). Exports totalled US$32.9 million in 1983. The overwhelming percentage of Dominican exports that year were destined for members of the Commonwealth of Nations (see Appendix B). Britain absorbed 43.7 percent of all exports, followed by the non-OECS members of the Caribbean Community and Common Market (Caricom--see Appendix C) (41.8 percent), and the OECS (7.3 percent). Only 2.4 percent of exports were destined for the United States. Trade restrictions within Caricom restrained the development of the manufacturing sector.

Consumer goods--consisting of foods, beverages, tobacco, oils and fats, and manufactured goods--represented 56.1 percent of merchandise imports in 1983. Food, beverages, and tobacco alone composed 24.5 percent of imports. Other major segments of Dominican imports were intermediate goods (chemicals, fuels and lubricants, and raw materials) at 21.5 percent and capital goods (machinery and transport equipment) at 18.3 percent. Dominica's import bill for 1983 was US$49.3 million. The United States supplied 23.1 percent of imports that year, followed by Britain (18.1 percent), the OECS (14.5 percent), and the non-OECS members of Caricom (12.5 percent).

Continued debt servicing obligations and trade deficits were the largest burdens on the country's balance of payments in the 1980s. In 1985 debt service payments on the country's US$48-million external debt reached US$5.5 million, some 15 percent of government revenues. Increased indebtedness was almost entirely related to accumulated project debt, virtually all of which was externally financed. Because of the need to raise money to service the debt, the health of the export sector was increasingly important. In 1985, however, the island's trade deficit increased to US$28 million, a direct result of growing protectionism in Caricom.

Data as of November 1987

Caribbean Islands - TABLE OF CONTENTS

  • DOMINICA


  • Go Up - Top of Page

    Make allRefer Reference your HomepageAdd allRefer Reference to your FavoritesGo to Top of PagePrint this PageSend this Page to a Friend


    Information Courtesy: The Library of Congress - Country Studies


    Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

     

     

     
     


    About Us | Contact Us | Terms of Use | Privacy | Links Directory
    Link to allRefer | Add allRefer Search to your site

    allRefer
    All Rights reserved. Site best viewed in 800 x 600 resolution.