Contents The Wider Caribbean in the 20th Century: A Long-Run Development Perspective Victor Bulmer-Thomas PhD, Director, Royal Institute of International Affairs. Summary This paper takes a long view of economic development and inter-country income inequality in the 28 countries making up the wider Caribbean. Using a specially constructed data base in two parts (1900-1960 and 1960 to 1998), the paper uses exports per head as a proxy for living standards in the first period (1900-1960) and finds that the coefficient of variation widened significantly after 1900. This finding is supported by evidence on public revenue per head, another proxy for living standards. This confirms the hypothesis that inter-country income inequality widened in the first half of the century, as some countries were much more successful than others in diversifying exports. In the later period (1960-1998), for which GDP per head figures have been constructed for all countries, inter-country income inequality narrows as a result of other countries following the example of earlier success stories in introducing new exports, especially services. This finding is supported by the evidence on public revenue per head and years of schooling per head for the same period. However, the gap between the richest countries and the poorest remained enormous, confirming that geography -as far as the Caribbean is concerned- is not destiny. INTRODUCTION This paper explores long-run development patterns in the wider Caribbean over the last 100 years. It uses a specially constructed data base for 28 Caribbean countries divided into two time periods: 1900-60 and 1960-1998.1 All countries of the Caribbean have been included whether or not they are independent together with the mainland countries of Belize and the three Guyanas. Where country names have changed, the most recent is always used. Where countries have separated (e.g. Aruba from Netherlands Antilles), an effort has been made to treat them consistently as if they had been separate entities I N T E G R A T I O N & T R A D E 5 throughout the last 100 years. The result is a data base covering all the former British colonies (12 countries), former Dutch (Suriname), French (Haiti) and Spanish (Cuba and the Dominican Republic) colonies (4 countries), the British Overseas Territories (5 countries), the US territories (2 countries), the Dutch-speaking territories (2 countries) and the French Departments d’Outre Mer (DOM)(3 countries). One hundred years is a long period in economic development. One has only to think of the transformation of the US economy between 1800 and 1900 or the changes in Japan between 1870 and 1970. An annual growth of income per head of three per cent leads to a doubling in just under 25 years and therefore a 16-fold increase in living standards in less than a century. It is possible therefore for countries with even modest growth rates to make the transition from poor to rich status in a relatively short period of time. The wider Caribbean was a poor region in 1900 and it still suffers a hundred years later from a large gap with rich countries. Thus, we are not looking at a region that has transformed itself from less developed to developed in this time period. This is not a success story in contrast to South-East Asia for example. However, the wider Caribbean includes a wide range of cases from very poor (e.g. Haiti) to very rich (e.g. Cayman Islands). Thus, it is relative performance that needs to be explained as well as absolute performance. This is all the more challenging given the assumption made by many that geography is destiny (Gallup, Sachs and Mellinger [1999]). Clearly, in view of the wide range of living standards, that is not true of the wider Caribbean. In this paper we proceed as follows: the first part is devoted to an examination of the long-run trends found between 1900 and 1960. This section relies heavily on the data base referred to above, although it has been supplemented by secondary sources in view of the gaps that still remain in the data base for this period. The second part of the paper examines the trends in the period after 1960; this also makes use of the data base which for some series includes data on all 28 countries for every year. The third part of the paper provides the conclusions, while the statistical appendix contains a number of tables from the data base.2 I. FROM 1900 TO 1960 At the beginning of the 20th century, the Caribbean countries had all the characteristics of ‘classic’ developing countries: high birth and death rates leading to modest demographic expansion; a productive structure orientated towards exports; an export structure dominated by one or two primary products; and a heavy dependence on trade with the colonial power. In the case of the three independent countries (Haiti, Dominican Republic and Cuba), the situation was very similar as the United States was playing (Cuba) or was about to play (Haiti and the Dominican Republic) a de facto colonial role. None of the indicators available to us suggest that there were at this stage any exceptions to the generalised poverty and backwardness of the region. DEMOGRAPHY As in Central and South America, the crude death rate (CDR) began to fall steadily after 1900 as a result of medical advances in treating such tropical diseases as yellow fever and malaria,3 improvements in sanitation and better social conditions.4 With unchanged crude birth rates (CBR),5 this led to a rise in the annual rate of population growth from approximately one per cent in the first third of the century to two per cent in the second 6 I N T E G R A T I O N & T R A D E third. However, the small size of the population in some countries meant that emigration was often just as important as the CBR and the CDR in determining the population increase. These migration patterns took workers not only to the United States, but also to Panama to build the canal, to Central America to develop the banana industry and to Europe during the two world wars.6 As a result of migration, the growth of population in some of the smaller countries was therefore far lower than might be expected from an examination of CBRs and CDRs. The population of Montserrat, for example, was almost the same in 1960 as it had been in 1900.7 The same was true of the Turks and Caicos Islands as well as the Cayman Islands. Only in the larger countries, such as Haiti, did the demographic pattern conform to what was occurring in the rest of the developing world. And in a small number of countries there was net inward migration with Cuba in particular receiving a significant number of migrants.8 The growth of population is shown in Figure 1 for the wider Caribbean. In 1900 there were just under 7 million inhabitants – less than London or New York today. Cuba had the largest population with nearly 1.6 million followed by Haiti (1.25 million), Puerto Rico (953,000) and the Dominican Republic (600,000). Jamaica (750,000) was the most populous of the British colonies and Anguilla (3,872) the least. The largest of the French colonies was Martinique with 215,000, while the largest of the Dutch territories was Suriname estimated at just under 80,000. By the end of the period in 1960, the population had trebled to 21.3 million (see Figure 1) – not much larger than the conurbation of São Paulo today. This overall growth conceals wide differences at the national level (see Table A.1 in the statistical appendix). While the population of Trinidad & Tobago, for example, approximated the regional trend, the population of Barbados barely increased over the sixty years. By contrast, the population of Cuba increased almost five-fold to nearly 7 million – the same size as the Caribbean as a whole in 1900. EXPORTS The small demographic size of all the Caribbean countries has made it virtually impossible to use the domestic market as the main destination for production. Exports have therefore played a crucial role in the productive system and have provided the foreign exchange for the import of both luxury goods and necessities. For that reason, the size of the export sector in relation to the rest of the economy has traditionally been a proxy for the standard of living. In the absence of GDP figures, we can therefore use exports per head as a crude approximation for the trend and variance of GDP per head in the Caribbean.9 The mean of exports per head 10 is shown in Figure 2. In 1900 its value was just over US$14. Following the First World War, there was a sharp rise that reflected the shortlived boom in sugar prices (by far the most important Caribbean export at that time). The sugar price then fell back and with it the value of exports per head. The 1930s depression led to another steep fall in the value of exports per head, which was only reversed at the end of the Second World War. From then until 1960, the value of exports per head rose rapidly aided by the dollar inflation as well as increases in volume. The mean value of exports per head is heavily influenced by the export performance of a small number of countries in the Greater Antilles (Cuba, Dominican Republic, Haiti, Jamaica and Puerto Rico). Another way of showing the data is to use the unweighted mean, i.e. the average of exports per head for all the countries. This is done in Table 1 for 1900 to 1960, where the unweighted mean is reported alongside the standard deviation, the coefficient of variation, the median and the extreme I N T E G R A T I O N & T R A D E 7 values. The unweighted mean is usually higher than the weighted mean, reflecting perhaps the greater openness of small countries, although this was not true in 1905 nor during the sugar boom at the end of the First World War. The generalised poverty of the region in 1900 is captured by the low standard deviation and coefficient of variation (CV).11 The median is also very similar to the mean, suggesting an absence of skewness in the distribution. Even in 1900, however, there was a significant gap between the highest and the lowest value for exports per head. The value for Trinidad & Tobago (the highest) exceeded the value for Haiti (the lowest) by a factor of twenty-one. Ten years later (1910) little had changed. The mean, standard deviation and coefficient of variation had all risen (see Table 1), but the gap between the highest and lowest values was still modest. Furthermore, St. Kitts had overtaken Trinidad as the country with the highest level of exports per head suggesting that no country was as yet able to pull away from the rest on a permanent basis. Cuban and Puerto Rican exports, however, had risen rapidly as a result of the tariff preferences on sugar granted to the islands by the United States. At this time there was very little diversification of exports. Bananas had begun to be exported from Jamaica, Belize and a few other countries. Arrowroot was already a staple in St. Vincent. The most important cases were gold from Guyana and asphalt from Trinidad. The British colonies as a whole, however, were still very dependent on the export of sugar, which had been in decline for much of the 19th century as a result of the reduction of imperial preference and the rise of beet sugar in continental Europe. This had reached a crisis in the last two decades of the 19th century forcing the British government to appoint a Royal Commission in 1897. The report had no immediate solutions to offer, but it did argue in favour of ending the system of bounties under which beet sugar exports were subsidised. This was partially achieved by the Brussels Convention of 1902 and the conditions under which sugar was exported from the Caribbean did improve, although not so radically as to lead to a major increase in the value of foreign exchange receipts (Burn [1951], Chapter 6). A brief surge in exports per head followed the First World War. This was made possible by exceptionally high prices for sugar in 1920, which helped to push Cuban and Puerto Rican exports per head in particular to record levels. The sugar boom proved shortlived. Yet the 1920s did bring one important change - the introduction of oil refining in the Netherlands Antilles. Exports per head in the Dutch colony by the end of the 1920s were far higher than in the rest of the Caribbean and remained so for the rest of the period. This had a dramatic effect on the coefficient of variation as well as the ratio between the highest and the lowest values (see Table 1). It also explains the rise in the mean between 1920 and 1930 at the time when the median had fallen back to its 1900 level. During the Second World War both exports and imports were subject to numerous difficulties. In Dominica, for example, the level of exports per head had fallen to $6.5 by 1940 and the average for all British colonies was a mere $30.2. Cuban exports per head, as well as those from the Dominican Republic, were also back to the level in 1900 while exports per head from Suriname were far below what had been achieved at the beginning of the century. Haiti, whose exports per head were almost invariably the lowest throughout the period, saw their value drop below $2 at the beginning of the war. By 1950 the mean value of exports per head had increased significantly from the British colonies and from the other countries as well. Much of this was due to inflation, but the high coefficient of variation (see Table 1) suggests that at least some countries were pulling away from the rest. The figures, however, do not include exports of services which 8 I N T E G R A T I O N & T R A D E would acquire special importance after the Second World War. These are included in the 1960 data in Table 1. By 1960 there were a small number of countries with very high levels of exports per head . These included, among the British colonies, the Bahamas (boosted by tourism and financial services) and Trinidad & Tobago (helped by oil). The star performers, however, were found elsewhere. The US Virgin Islands and the Netherlands Antilles benefited from oil refining, while Puerto Rican exports per head reflected the gains made under Operation Bootstrap since 1940 in the export of manufactured goods. There were some countries by 1960 where exports per head were well below the regional average. These included Haiti, where exports per head had consistently lagged behind other countries throughout the century, as well as the Dominican Republic. Two of the French territories (French Guyana and Martinique) also lagged far behind the regional average. Indeed, French Guyana had the second lowest value of exports per head (after Haiti). The worst performing British colony was Montserrat. PUBLIC REVENUE There is a tendency for public revenue to increase as a share of GDP with rising incomes. Thus, public revenue per head is an alternative proxy for the trend and variance in GDP per head. Since public revenue is spent in part on education, health and infrastructure, all of which are assumed to impact positively on living standards, there is a two-way causality running between public revenue and GDP. This makes trends in public revenue per head of special interest. The data on public revenue per head are less complete than for exports. The main results are presented in Table 2 for the period from 1900 to 1960. The unweighted mean in 1900 was seven dollars (the weighted mean - $2.5 – was even lower). Even after making allowance for the change in the price level, this suggests a parsimonious attitude to public spending. This is borne out by the low standard deviation and coefficient of variation, which suggest that even the more prosperous colonies were subject to tight restrictions on public spending. By 1910 the position was virtually unchanged. The main exception was Suriname where public revenue per head ($24) was the highest in the region and much higher than the average for the British colonies ($7.4). The sugar boom at the end of the First World War brought a predictable surge in the mean value of public revenue per head (see Table 2). This was especially true of Cuba (by now the highest in the region), but not in Puerto Rico despite the importance of sugar to the island. By 1930, however, the value of revenue per head had failed to increase. This was mainly as a result of the fall in the value of trade (especially imports), on which public revenue depended. Throughout the Caribbean social conditions deteriorated sharply in the 1930s leading to social unrest and in some cases riots. The British colonies were not exempt from these pressures and a Royal Commission was set up in 1938 to make proposals for improvements. The Commission’s report was not published until 1945, but its findings echoed the gloomy picture presented by W.M. Macmillan in his Warning from the West Indies [1936]. The Second World War provided little opportunity to raise public spending, although a small number of countries benefited from the opening of US bases as a result of the wartime agreement with Great Britain. Although these bases later became a source of political tension (particularly in Trinidad), they did lead to a substantial transfer of resources, an increase in employment and a market for local producers. I N T E G R A T I O N & T R A D E 9 The value of public revenue per head rose sharply after the Second World War (see Table 2), but the low value of the coefficient of variation suggested that little had changed with regard to colonial spending – at least in the British colonies. Public revenue per head in Puerto Rico, for example, was far higher than the average for the British colonies as was the figure for Suriname. GROSS DOMESTIC PRODUCT (GDP) The data on GDP before 1960 are very incomplete. There is a series for Cuba and Puerto Rico for the whole period and for a very small number of the British colonies. In the 1940s, however, Benham estimated GDP per head for several countries and the British authorities collected data also on the structure of the labour force. This is often a useful proxy for the state of development since there tends to be an inverse relationship between the level of GDP per head and the proportion of the labour force in agriculture. This information is presented in Table 3 for the 16 British colonies. Barbados stands out as the country with one of the lowest shares for the agricultural labour force (27.6%) and the highest income per head (£30). The poorest colonies recorded were St. Lucia and St. Vincent. However, the highest agricultural labour force share was found in Montserrat (59.9%) so that it would not be surprising if GDP per head there had been even lower. The most complete figures on GDP per head are for the final year of the period under examination (1960). For the 28 countries we have data of variable quality giving an unweighted mean of $3,302 at 1995 prices. This figure appears to be high and this perception is correct as the mean has been pulled upwards by a small number of outliers (see Figure 3). The median figure for GDP per head in 1960 was approximately $1,500 and a third of the countries were found in a narrow ($500) range around the median. The two outliers, for whom the GDP figures are not reliable, are the US Virgin Islands and the Netherlands Antilles. The very high figures (greater than $10,000) reflect the impact of oil refining rather than tourism and this was true also of Aruba ($9,484). However, the Bahamas also scores high ($8,171) showing the impact of high service exports on GDP per head as early as 1960. This is confirmed by the figure for the Cayman Islands ($6,944), where service exports were still in their infancy. (Figure 3) . The next richest countries were both French territories (French Guyana and Martinique). As these two countries both had low levels of exports per head, this might seem surprising. However, GDP in the DOMs is affected by the pattern of public transfers between mainland France and the Caribbean and these had begun to increase sharply at the end of the 1950s. There were also a small number of countries which were already lagging far behind the others. Haiti was particularly unsuccessful on almost any indicator used. However, no less than seven countries had a GDP per head below $1,000 in 1960 - less than one third of the mean level and two-thirds of the median. These other countries were Montserrat, Suriname, Guyana, Belize, Turks and Caicos Islands and the Dominican Republic. This is a sufficiently heterogeneous group to suggest that low levels of GDP per head had no simple cause since the list included populous and large states as well as thinly populated and tiny countries. It also included English-, Dutch-, Spanish- and French-speaking countries. By 1960, therefore, there were clear signs that a number of countries were deviating sharply from the regional average. Among the successful countries, the explanations appeared to be found either in export diversification or metropolitan transfers. 10 I N T E G R A T I O N & T R A D E Among the unsuccessful countries, the most common reason appeared to be the low level of exports per head. There was no perfect correlation, however, between these variables so that the pattern of GDP per head was hard to predict from any single variable. II. FROM 1960 TO THE PRESENT By the end of the 1950s, the traditional pattern of economic development in the Caribbean had begun to break up. Export diversification was well advanced in a small number of countries and exports of services were beginning to be highly significant in a small number of islands. Independence from the United Kingdom for the larger countries was on the horizon, although the short-lived experiment in Federation was about to come to an end. The Cuban Revolution was a further reminder that the status quo could not be taken for granted. The last four decades of the 20th century accentuated many of these trends. By the end of it there was a huge gap in economic and social terms between the most successful and the least successful countries. Indeed, by the end of the century the gap in income per head between the richest and the poorest country was a factor of 65 - far bigger than between the Caribbean as a whole and the developed countries. Even the gap between the second richest and the second poorest was a factor of 23 suggesting that both virtuous and vicious circles have been at work in the Caribbean in recent decades. POPULATION AND THE ENVIRONMENT The demographic expansion of the Caribbean peaked in the 1960s as in mainland Latin America. However, even at its peak the annual rate of growth was only two per cent. Thereafter, the rate of growth steadily declined, falling to one per cent in the 1990s for a long-run growth after 1960 of 1.6 per cent. Even this figure is misleading as the median rate of growth over the whole period (1960-98) was a mere 1.25 per cent.12 Outward migration is largely responsible for this contrast with mainland Latin America rather than a difference in CBRs or CDRs. Migration had been a powerful force in the smaller countries even in the first half of the century, but the phenomenon had now become generalised. At least a million Cubans left the island after the Revolution and a similar proportion of the population migrated from Haiti, the Dominican Republic and Suriname. Taking the period as a whole, no less than nine countries had population growth of less than one per cent (see Table 4), although in one case (Barbados) this was mainly due to the low birth rate rather than migration. Migration could also be inwards. The high standard of living and wages paid in hard currency attracted migrants into some of the Caribbean countries. Three countries had population growth rates in excess of three per cent (Cayman Islands, French Guyana and the US Virgin Islands) and there was inward migration into the Bahamas, the British Virgin Islands and the Turks and Caicos Islands as well. Finally, Belize had both: net outward migration (mainly English-speakers) in the 1960s and 1970s and net inward migration (mainly Spanish-speakers) in the 1980s and 1990s. The different demographic patterns in the Caribbean affected the pressure on land in a predictable fashion. Six countries began the period with abundant land reserves (defined as five hectares or more per person). The extreme case was French Guyana, where 33,000 people each had an average of 275 hectares. By the end of the period, the six had been reduced to four (Belize, Guyana, Suriname and French Guyana). I N T E G R A T I O N & T R A D E 11 Elsewhere the situation was a more familiar one of very limited land availability. Fifteen countries in 1960 had less than one hectare per person - more than half the 28 territories. By 1998 this number had risen to 21 - three-quarters of the total - and thirteen had less than 0.5 hectares per person. This might not matter where economic activity no longer depended on natural resources, but that was true of very few countries. Tourism, for example, is a natural resource-intensive activity even if financial services are not. EXPORTS OF GOODS AND SERVICES By the 1960s the domestic market in all Caribbean countries had increased, but only in a very few was it possible to embark on a programme of import-substituting industrialisation (ISI) as was taking place in mainland Latin America. The most important experiment was in Cuba, but this was driven by the US embargo which had raised the shadow price of foreign exchange to very high levels. Elsewhere, it was hard to justify ISI at the national level since the cost per unit tended to be so much higher than the unit price of imports (net of tariffs). ISI at the regional level, however, was another matter. Once the bitter legacy of Federation had been overcome the Caribbean Free Trade Area (CARIFTA) was launched and was converted into the more ambitious Caribbean Community (CARICOM) in 1973. Regional integration in the Caribbean, however, suffered from two main weaknesses. First, it was politically and constitutionally difficult to extend it to all 28 countries (even today CARICOM only embraces half the countries and several of these do not apply the common external tariff). Secondly, and perhaps in part because of the first reason, intra-regional trade accounts for a very small share of total trade in goods and an even smaller share of trade in goods and services. This has meant that exports of goods and services have continued to be dominated by sales to countries outside the Caribbean - mainly the US and the European Union. Exports of goods and services on a per capita basis have grown rapidly (see Table 5), rising from $350 in 1960 to $3,259 in 1980 and $5,111 in 1998. Although these figures reflect to some extent dollar inflation, the aggregate performance is still impressive.13 What has not been so impressive has been the sub-regional distribution of the gains from trade. The high (unweighted) mean is to some extent explained by a small number of outliers at the top end. In particular, the oil-refining territories of the US Virgin Islands, Aruba and the Netherlands Antilles distort the mean - especially so in the earlier years. When the median is used rather than the mean, we find a much lower figure for average exports per head (see Table 5). Indeed, the ratio of the median to the mean fluctuates between one quarter (1980) and a little over half (1970). Much of this is explained by the variation in world oil prices. Clearly, therefore, the export performance is affected by a small number of very successful countries. Thus, the coefficient of variation in 1960 was no less than 2.6 (see Table 5), reflecting the high standard deviation. In that year only six countries recorded a figure for exports per head that exceeded the (unweighted) mean. Among these the only non-oil exporters were Puerto Rico, where exports of manufactured goods were responding to fiscal incentives provided by the US federal authorities, and the Bahamas, which was the first to demonstrate the gains from exports of services. Ten years later (1970), Trinidad & Tobago had dropped out of this privileged list, but the Cayman Islands and the British Virgin Islands had joined it. Both were exporting services rather than goods, showing what could be done even by micro-states. 12 I N T E G R A T I O N & T R A D E By 1990 this list of successful exporters (defined as those where exports per head exceeded the mean) had expanded to ten, this time with the addition of Antigua & Barbuda, Anguilla and French Guyana. All three were exporting services, although in the case of French Guyana this had little to do with international competitiveness and everything to do with strategic decisions taken by the metropolitan French government. By the end of the period (1998), the list had expanded to 11 (nearly 40 per cent of the territories) with the inclusion of Barbados - another exporter of services. The virtuous circle implied by these above average export per head figures must be set against the vicious circle of failure by several states. The most dismal has been Haiti, which has almost invariably occupied the last position in terms of the value of exports per head. If this poor performance had been matched by a dynamic internal market, it might not have mattered. However, this was far from the case. The other under-performers have not remained the same, suggesting that it is possible to break out of the vicious circle (and also unfortunately to break into it). In 1960 the second lowest figure was recorded by French Guyana, in 1970 by the Dominican Republic, in 1980 by Dominica, in 1990 by Guyana and in 1998 by Montserrat (where the volcanic eruption in 1995 had played havoc with the economy). The third lowest figure for exports per head has also rotated, being occupied by Cuba in 1998. The rapid growth of tourism had not yet compensated the island for the collapse of exports to the former Soviet Union. INSTITUTIONS AND HUMAN CAPITAL FORMATION While there is broad agreement about the role of trade in economic development in the Caribbean, there is much less consensus on the role played by institutions and human capital formation. While few would depart from the premise that the quality of institutions and human capital are important determinants of long-run growth, it is much more difficult to find proxies that capture accurately what one wants to measure. In the case of human capital, the trend in public expenditure on education per person is shown in Table 6.14 This is a measure of inputs rather than outputs; it ignores private expenditure and it ignores the differential impact of expenditure on the three branches of educational spending: primary, secondary and tertiary. Nevertheless, it is all we have for the complete set of countries and, despite, its imperfections, it still contains much useful information. Table 6 shows, once again, the imbalance between countries – this time in terms of spending on public education. The (unweighted) mean has been consistently higher than the median, pulled up by very high figures for a small number of countries. The wide spread in spending per head on education has been a feature of the whole period and the coefficient of variation (ratio of the standard deviation to the mean) reflects this. The highest expenditure per head in 1960 ($115) was in the US Virgin Islands and the lowest ($1) was Haiti, where public spending on education has never been a priority.15 The US Virgin Islands was also the highest in 1970, but was temporarily relegated to third place in 1980 by Martinique and Guadeloupe. By 1990 the US Virgin Islands had regained the first place, which it still occupies today. Public expenditure on education per person in Cuba has not been particularly high by comparison with other parts of the Caribbean. Even in 1980, when spending was not affected by the subsequent economic crisis, the Cuban figure was only equal to the median for the whole group of countries and therefore less than the mean.16 The lowest figure by far has always been recorded by Haiti, followed by the Dominican Republic until 1998 when it was replaced by Guyana. Other low spenders have I N T E G R A T I O N & T R A D E 13 been Montserrat and Antigua. The dollar value of spending per head in Suriname also fell sharply in the 1990s, although it had exceeded the median in all previous decades. A proxy for the quality of institutions is even harder to find. One possibility is the stability of the nominal exchange rate on the grounds that ceteris paribus fixed exchange rates bring low inflation, which leads in turn to macroeconomic stability and secure public finances. Falling exchange rates, by contrast, in small open economies tend to be associated with high inflation, undermining public finances and weakening institutions. It is not difficult to criticise this proxy, but it is interesting to explore the picture that emerges.17 If we consider the period since 1960, six countries have experienced a collapse of the nominal exchange rate; Guyana (after 1986), Jamaica (after 1983), Suriname (after 1993), Haiti (after 1990) and the Dominican Republic (after 1984) with Cuba experiencing a collapse of the black (later parallel) rate after 1990. None of these countries was able to achieve much by way of real exchange rate devaluation as a result of currency fluctuations so that the gains for the tradeable sector were largely illusory (with the possible exception of the Dominican Republic) while the costs were very real. Both Guyana (1971-86) and Jamaica (1968-83) managed controlled devaluations before collapse, but the only Caribbean country to have achieved a controlled depreciation on a permanent basis has been Trinidad & Tobago (since 1984). No doubt oil exports have been part of the reason why depreciation did not ultimately lead to currency collapse as in the other countries. The other 21 countries stand out for the stability of the exchange rate. They include the Eastern Caribbean states where the nominal exchange rate for all eight states is underpinned by the regional central bank: five countries where the US dollar circulates freely (Bahamas, British and US Virgin Islands, Turks & Caicos Islands and Puerto Rico): three countries where the local currency is pegged to the US dollar (Barbados, Belize and the Cayman Islands): two where it is pegged to the Dutch guilder (Netherlands Antilles and Aruba): and three where the French franc is legal tender (Martinique, Guadeloupe and French Guyana). These 21 countries have had stable rates for a very long time. Furthermore, most of the other countries have taken steps to stabilise their nominal rates in recent years. Thus, fluctuations in the nominal exchange rate are not viewed with much sympathy in the Caribbean despite their widespread use in much of mainland Latin America. Stable nominal exchange rates has not eliminated inflation in the Caribbean, but the inflation rate has tended to track consumer prices in the main trading partners (the United States and the European Union). During the mid-1970s, inflation surged as a consequence of imported inflation combined with the impact of the commodity boom on the domestic money supply. In the 1990s, however, inflation has been reduced to international levels in all countries except those with depreciating exchange rates. Only Guyana (1991) and Suriname (1993-5) experienced three-digit annual inflation.18 GROSS DOMESTIC PRODUCT (GDP) Although the early estimates are less reliable than those for the later years, a series for GDP per head in US dollars (at 1995 prices) for all 28 countries has been constructed covering the years from 1960 to 1998. The picture that emerges is once again very different depending on whether one uses the aggregate figures or looks at the individual countries. 19 The weighted mean for GDP per head is shown in Figure 4. It shows a steadily rising trend and a doubling in value over the four decades. However, the openness of the 14 I N T E G R A T I O N & T R A D E Caribbean economies renders them vulnerable to external shocks. The 1970s oil shock caused GDP per head to stagnate for a number of years, while the debt crisis at the start of the 1980s led to a small fall in GDP per head. However, the greatest drop in GDP per head came at the beginning of the 1990s. This is heavily influenced by the sharp drop in GDP in Cuba after the collapse of the former Soviet Union. (Figure 4) Using the unweighted mean (see Table 7), the figure for GDP per head in 1960 was much higher ($3,302). This suggests a highly skewed distribution and this is confirmed by the median income per head of $1,479, which was a mere 45 per cent of the unweighted mean. The skewness is due – as we have already seen – to a small number of outliers with very high values of GDP per head. Once again, as for exports of goods and services per head, this draws our attention to the skewed distribution. Thus, in 1960 the gap between the poorest country (Montserrat) and the richest (US Virgin Islands) was a factor of 26, while even the gap between the second poorest (Haiti) and the second richest (Netherlands Antilles) was 21. By 1960 nine countries had an income per head above the unweighted mean. These countries had already broken away from the traditional pattern of development and they were all to remain among the elite group in the next four decades. They included the three DOMs, the two Dutch dependencies, the virtual US dependencies (Puerto Rico and the US Virgin Islands) and two British colonies (Bahamas and the Cayman Islands). During the last four decades, the unweighted mean rose from $3,302 to $7,666, an annual average growth of 2.24 per cent. This impressive figure was dwarfed by the growth in median income from $1,479 to $6,827 - an annual average growth rate of 4.11 per cent. This raised the median as a percentage of the mean to nearly 90 per cent, implying a narrowing of the skewness of the distribution from what it had been in 1960. This was indeed the case. Furthermore, the coefficient of variation was also falling steadily reaching 0.77 by 1990 (the same as in 1998) compared with 1.06 in 1960. The example of the earlier successes was followed by others so that by 1998 13 countries - almost half the total - had an income per head above the unweighted mean. In addition to the nine countries that enjoyed this privileged status in 1960, the list now included Barbados, Antigua, Anguilla and the British Virgin Islands. All these countries had invested heavily in the export of services. Despite the example offered by these relatively successful countries, a handful of states failed to break out of the vicious circle. Haiti is the best known case with GDP per head falling by 1998 to 72 per cent of what it had been in 1960 (even then a very low figure). However, the seven countries in 1960 with income per head less than $1,000 (Montserrat, Haiti, Suriname, Guyana, Belize, Turks & Caicos Islands and the Dominican Republic) had been reduced to three by 1998 (Haiti, Guyana and Suriname). Five countries achieved annual growth in GDP per head above four per cent (St. Kitts, Anguilla, British Virgin Islands, Turks & Caicos, and Montserrat), including some of the poorest states in 1960. This suggests that ‘catch-up’ is a real possibility in the Caribbean. By contrast, some of the slowest growing countries (e.g. the Netherland Antilles and the US Virgin Islands) were those that had already achieved by 1960 a high standard of living. Nearly 20 countries managed growth in excess of two per cent per year and only Haiti was unable to avoid negative growth in GDP per head. III. CONCLUSIONS The outstanding feature of the wider Caribbean is the small size of the average unit. At the beginning of the 20th century, the average size of population was a mere I N T E G R A T I O N & T R A D E 15 250,000; even by the end of the century it was not much greater than one million. Thus, it is not surprising that the wider Caribbean has experienced a pattern of development in the last 100 years that in a number of respects distinguishes the region from other parts of the developing world. With its geographical proximity to North America and colonial ties to Europe, migration has played an important part in the demographic patterns of the last 100 years. After the 1995 volcanic eruption, for example, over half the population of Montserrat moved to the United Kingdom. Outward migration has also brought inward remittances. These have not been studied here, but they constitute an increasingly important part of foreign exchange receipts in most Caribbean countries. The small size of the domestic market in almost all countries has placed a special burden on the export sector. The ratio of exports to GDP has always been very high in a number of countries. For the region as a whole, in the mid-1990s, it exceeded 50 per cent -very high by the standards of developing countries in general and Latin America in particular. In the first half of the 20th century, exports consisted mainly of primary commodities and these were dominated by sugar. This changed dramatically in the second half of the century with the growth of service exports. In many cases, service exports are now more important than commodity exports and this is no longer true only of the smaller countries. Tourism in Cuba, for example, has overtaken all other commodity exports in gross value and will soon overtake sugar in terms of net value.20 The variance of economic performance appears to have widened significantly in the last 100 years. The generalised poverty in 1900 has given way to a much more complicated picture in which some countries have reached levels of GDP per head equal to those of the Organisation for Economic Co-operation and Development (OECD) average. At the other end of the spectrum are a small number of countries where GDP per head has stagnated or even fallen. This pattern is too complicated to be explained by any single variable, but there does appear to be a high correlation between GDP per head and exports per head (see the paper by Shelton Nicholls in this collection). Other seemingly relevant variables, such as the management of environmental resources, do not appear to be closely linked with movements in GDP per head (see the paper by Elizabeth Thomas-Hope in this collection). The case studies in this collection are designed to shed light on why some countries have been more successful than others in increasing exports. What emerges is very complicated, but several general themes are apparent. The quality of institutions and the stability of the macroeconomic framework is of major importance, but this is not necessarily linked to constitutional status. Some independent countries, such as Barbados, score highly in this regard as do some colonies, such as the Cayman Islands. Investment in human and social capital is more problematic. In some cases, such as Suriname, it appears to have led to a rise in emigration rather than an increase in productivity. The increases in exports and GDP per head are evidence of the ability of at least some Caribbean countries to shape their own destiny. Yet nothing can be taken for granted. In the next few years, the privileged access to the European Union for many traditional exports will be lost while the future of offshore financial services is now in doubt. Tourism is also under threat from domestic violence on the one hand and environmental disasters on the other. Maintaining the dynamism of the export sector even in the hitherto successful countries will not be easy. 16 I N T E G R A T I O N & T R A D E Figure 1 POPULATION OF THE WIDER CARIBBEAN, 1900-1960 25.000.000 20.000.000 15.000.000 10.000.000 5.000.000 0 1900 1910 1920 1930 1940 1950 1960 Figure 2 EXPORTS OF GOODS PER HEAD FOR THE WIDER CARIBBEAN, 1900-1960 (in US Dollars) 140 120 100 80 60 40 20 0 1900 I N T E G R 1910 A T 1920 I O N 1930 & 1940 1950 T R A 1960 D E 17 Table 1 EXPORTS PER HEAD, 1900-1960 (in US dollars) UNWEIGHTED MEAN ($) YEAR STANDARD DEVIATION CV MEDIAN HIGHEST LOWEST 1900 21.6 12.3 0.57 23.5 46.8 2.2 1910 28.5 18.2 0.63 22.3 68.6 9. 2 1920 72.2 69.3 0.96 62.8 269.6 1.8 1930 138.7 484.3 3.49 23.8 2194.0 5.9 1940 74.0 253.9 3.43 21.7 1237.5 1. 9 1950 135.9 342.2 2.52 46.2 1677.5 12.0 1960 209.1 418.9 2.0 75. 0 1741.7 9. 8 Source: 1900-50 derived from Table A.4 in the statistical appendix and refers to exports of goods; 1960 from Table A.6 and refers to exports of goods and services. Table 2 PUBLIC REVENUE PER HEAD, 1900-1960 (in US dollars) YEAR UNWEIGHTED MEAN ($) STANDARD DEVIATION CV MEDIAN HIGHEST LOWEST 1900 7.0 2.9 0.42 6.99 12.6 2.7 1910 8.6 5.7 0.67 6.6 24.3 2.4 1920 13.6 9.8 0.72 10.6 36.7 3.2 1930 12.6 8.6 0.69 9.6 37.4 3.6 1940 13.1 8.0 0.61 11.7 30.1 1.9 1950 31.7 14.9 0.47 29.9 56.1 7.0 1960 69.6 21.5 0.31 59.9 106.6 46.9 Source: derived from Table A.5 in the statistical appendix. 18 I N T E G R A T I O N & T R A D E Table 3 STRUCTURE OF THE LABOUR FORCE AND GDP PER HEAD C. 1945 (POUND STERLING) IN BRITISH COLONIES LABOUR FORCE YEAR AGRICULTURE % TRADE % DOMESTICS % PUBLIC/ PROFESSIONAL % MANUFACTURE % FORESTRY NATIONAL INCOME PER HEAD (POUND - YEAR) Bahamas 1943 34,762 39.4 25.8 18.1 4.6 Barbados 1946 91,369 27.6 13.2 15.6 20 6.1 30 (1942) Guyana 1940 93,523 40.1 6 7.9 14.6 11.1 29 (1942) Belize 1946 20,133 29.1 8.5 5.5 12.7 11.1 10.1 Jamaica 1943 505,092 43.8 7.8 14.1 12 4 0.5 Cayman Island 1943 2,531 11.4 4.9 18.8 17.4 2.7 Turks and Caicos Islands 1943 2,689 38.2 4.1 16.1 7.6 1.7 British Virgin Islands 1946 1,994 51.2 1.7 5.6 9.8 3.6 Antigua 1946 18,605 42.3 5.8 14.6 11.8 5.5 St. Kitts 1943 20,809 51.8 5.5 10.9 8.9 4.0 Montserrat 1946 6,617 59.9 3.5 8.6 9.3 3.4 Trinidad 1946 213,093 25.3 8.8 10.6 17.8 3.6 1.6 Dominica 1948 21,300 54.0 4.5 8.5 11.7 4.5 1.4 Grenada 1946 27,606 45.0 8.3 14.8 14.4 NA 0.5 24 (1942) St. Lucia 1946 31,891 50.2 4.1 5.0 14.9 5.7 0.7 14 (1942) St. Vincent 1946 22,691 49.8 6.1 7.9 10.7 5.8 1.5 14 (1942) 27 (1942) 16 (1946) Source: derived from British Colonial Reports. I N T E G R A T I O N & T R A D E 19 Figure 3 GDP PER HEAD AT CONSTANT PRICES (1995 dollar) 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Table 4 POPULATION GROWTH, 1960-1998 ANNUAL RATE OF GROWTH COUNTRIES % < 0.5 Barbados; Grenada; St. Kitts; Montserrat 0.5 – 1.0 Suriname; St. Vincent; Dominica; Antigua; Martinique 1.0 – 1.5 Trinidad & Tobago; Guyana; Jamaica; Guadeloupe; Netherland Antilles; Aruba; Puerto Rico; Cuba 1.5 – 2.0 St. Lucia; Haiti 2.0 – 2.5 Anguilla 2.5 – 3.0 Bahamas; Belize; British Virgin Islands; Turks & Caicos Islands; Dominican Republic > 3.0 Cayman Islands; French Guyana; US Virgin Islands Source: derived from Table A.2 in the statistical appendix. 20 I N T E G R A T I O N & T R A D E Table 5 EXPORTS OF GOODS AND SERVICES PER HEAD, 1960-1998 (US dollars) UNWEIGHTED MEAN SD CV MEDIAN MEAN/ MEDIAN HIGHEST LOWEST 1960 350 911 2.60 133 2.62 4,902 14 1970 542 798 1.47 314 1.73 4,159 12 1980 3,259 8,298 2.55 825 3.95 44,485 59 1990 4,306 5,536 1.29 1,894 2.27 27,070 74 1998 5,111 6,449 1.26 2,329 2.19 26,834 58 Source: Derived from Table A.6 in the statistical appendix. Table 6 PUBLIC EXPENDITURE ON EDUCATION PER HEAD, 1960-1998 (US dollars) MEAN SD CV MEDIAN MEAN/ MEDIAN HIGHEST LOWEST 1960 22.8 29.4 1.29 8.0 2.85 115 1 1970 57.3 54.2 0.95 36.0 1.59 227 1 1980 185.9 190.1 1.02 108.0 1.72 676 4 1990 348.5 324.0 0.93 195.0 1.79 1,209 7 1998 712.3 1449 2.03 209.0 3.41 7,917 6 Source: Derived from Table A.7 in the statistical appendix. I N T E G R A T I O N & T R A D E 21 Figure 4 GDP PER HEAD (WEIGHTED), 1960-1998 3500 3000 2500 2000 1500 1000 500 0 Table 7 GDP PER HEAD, 1960-1998 (US dollars) MEAN SD CV MEDIAN MEAN/ MEDIAN HIGHEST LOWEST 1960 3,302 3,496 1.06 1,479 2.23 13,778 514 1970 4,157 3,891 0.94 2,048 2.03 15,109 47 1 1980 5,004 3,957 0.79 3,278 1.53 12,924 60 7 1990 6,898 5,342 0.77 5,066 1.36 21,123 48 1 1998 7,666 5,939 0.77 6,827 1.12 23,966 37 0 Source: Derived from Table A.10 in the statistical appendix. 22 I N T E G R A T I O N & T R A D E Notes 1 Funding for the data base was provided by the Nuffield Foundation in the United Kingdom and the SSRC. 2 These are also available on the website of the Social Science Research Council (SSRC) in New York (www.ssrc.org). 3 There is a good discussion of the impact of these diseases on the wider Caribbean in Jones [1931], Chapter 3. 4 By way of illustration, the CDR (expressed per thousand) in Trinidad & Tobago fell from 25 in 1900 to 19 in 1930 and 8 in 1960. 5 The CBR (also expressed per thousand) was not of course constant, but there was much less sign of a long-term trend. Again, using Trinidad & Tobago by way of contrast, we may note that the CBR was 37 in 1900, 31 in 1930 and 38 in 1960. 6 The population data for this period (1900-1960) for all countries is given in Table A.1 in the statistical appendix. 7 It was 12,217 in 1900 and 12,000 in 1960. 8 One of these was the father of Fidel Castro, who arrived from Spain in the first decade of the 20th century. 9 The close correlation between GDP per head and exports per head for the period since 1960 is demonstrated by Shelton Nicholls in his paper in this collection. 10 The mean is calculated as the sum of exports for all countries divided by the sum of population. 11 The CV measures the ratio of the standard deviation to the (unweighted) mean and therefore can be compared easily over time. 12 The detailed population figures for this period can be found in Table A.2 in the statistical appendix. 13 The detailed figures for exports per head can be found in Table A.6 in the statistical appendix. 14 The detailed figures for public spending on education per head can be found in Table A.7 in the statistical appendix. 15 The proportion of children enrolled in Haiti in 1900 has been estimated at 2% (see Miller [1992], Chapter 7). It was still only 36.5% in 1980. 16 The Cuban wage system for public sector workers is so different from the rest of the Caribbean that too much should not be read into this surprising result. I N T E G R A T I O N & T R A D E 23 17 The detailed figures for the nominal exchange rate are given in Table A.8 in the statistical appendix. 18 The detailed figures for consumer price inflation are given in Table A.9 in the statistical appendix. 19 The detailed figures for GDP per head in constant dollars at 1995 prices are given in Table A.10 in the statistical appendix. 20 24 The net value adjusts the gross value for direct imports. I N T E G R A T I O N & T R A D E Statistical Appendix This statistical appendix contains ten tables drawn from the data base referred to in the text. They represent a sample of the tables prepared for this project and are the main ones referred to in the paper. They are available on the website of the Social Science Research Council (www.ssrc.org). The following notes on each table provide the main assumptions used in their preparation as well as giving the sources used. TABLE 1. POPULATION, 1900-60 This table was derived from official sources for all countries. Some of these are reported in Mitchell [1993], but most were obtained from the British, French and Dutch colonial records. In some cases there are no estimates in the official sources (e.g. Suriname before 1920). These gaps have been filled in by interpolation using the growth rate of population in the closest period. The interpolated data appear in blue in the website version of Table 1. Aruba is not listed separately in Table 1 and its population is included in the figures for the Netherlands Antilles. The 1960 figures are taken from Table 2 in order to ensure consistency. TABLE 2. POPULATION, 1960-98 The main source for this table is the World Bank CD-ROM of World Development Indicators [2000]. The series starts in 1960 and ends in 1998. The CD-ROM only has figures for independent countries, although it does not include Cuba. The sources for nonindependent countries were the same as for Table 1. TABLE 3. MAIN EXCHANGE RATES, 1900-60 This table records the exchange rate of the US dollar to the pound sterling, the French franc and the Dutch guilder from 1900 to 1960. This information is all that is needed to convert nominal values to US dollars for this period as the primary sources are all quoted in one of these currencies or in British West Indian dollars that had a fixed rate (4.80) to the pound sterling. Before the First World War, France, Holland, the United States and the United Kingdom were all on the gold standard so that exchange rates did not vary. Rates during the First World War are taken from Bank of England quarterly reports. The data for the inter-war years are taken either from the League of Nations Statistical Yearbooks or the Bank of England quarterly reports. The IMF’s International Financial Statistics (IFS) was used for other years as the earliest editions cover the years from 1936 onwards. No exchange rate to the US dollar is reported for the French franc and the Dutch guilder during the war years. The exchange rate was therefore assumed to have been the same as in 1939. This is a reasonable assumption for the French franc as the rate in 1945 was similar to that in 1939, but it does imply a steep fall in the value of the Dutch guilder between 1944 and 1945. At the end of the 1950s the French authorities introduced the new franc equivalent to 100 old francs. The exchange rate for 1960 takes this into account and appears in red in the website version. I N T E G R A T I O N & T R A D E 25 TABLE 4. EXPORTS OF GOODS PER HEAD ($), 1900-60 This table, still incomplete, was obtained from official sources, some of which are recorded in Mitchell [1993]. The primary sources are listed in a variety of currencies. These were converted to US dollars using the exchange rates in Table 3. TABLE 5. PUBLIC REVENUE PER HEAD ($), 1900-60 This table is also incomplete. The same sources and methodology were used as for Table 4. TABLE 6. EXPORTS OF GOODS AND SERVICES PER HEAD ($), 1960-98 The main source for this table was the World Bank [2000]. However, there are many gaps in the World Bank series even for the independent countries and these were filled in a variety of ways as explained below: - Anguilla - 1988-1998 from Anguilla Official Government Statistics; - 1960 assumed to be 10% of St. Kitts/Nevis exports; 1961-1987 trend line fitted; - Antigua -1960-1976 estimated from imports of goods (IFS yearbook) - Aruba - 1986-1998 exports of goods and services in IFS (including oil); 19841985 assumed equal to 1986; - 1960 from exports of goods in official sources; 1961-1984 interpolated; - Bahamas - 1973-1986 taken from World Bank World Tables 1988-1989 edition; - From 1986 IFS Yearbooks; 1960-1972 estimated from imports in IFS Yearbook; - 1989-1998 proxied by imports from official sources; - Belize – 1960-79 exports of goods from IFS; - British Virgin Islands - 1960-1988 proxied by imports from official sources; - Cayman Islands - 1971-1997 proxied by imports from official sources; - Cuba - 1960-1990 taken from Thorp (1998, statistical appendix); 1991-1998 (ECLAC [2000]); - Dominica -1960-1976 estimated from imports of goods (IFS yearbook) -French Guyana – 1975-1994 based on exports of goods and services in national accounts; - 1960 – guesstimate; 1961-1974 - proxied by imports; 1995-1998 proxied by exports of goods - Grenada -1960-1976 estimated from imports of goods (IFS yearbook) - Guadeloupe – 1960-1964 proxied by exports of goods from Mitchell [1993]; - 1965-1995 from national accounts exports of goods and services except 198792 which has been interpolated; - 1996-1998 guesstimates; - Martinique – 1970-1994 exports of goods and services from official national accounts; - 1960-1970 proxied by imports from official sources; 1995-1998 proxied from exports of goods; - Montserrat - 1960-1972 proxied by imports from official sources; - 1993 from official sources; 1973-1992 interpolated; 26 I N T E G R A T I O N & T R A D E - 1995-1998 estimated based on collapse of exports; - Netherlands Antilles –1960-1964 interpolated from export data (IFS); - 1965-1987 from official sources; 1988-1998 from IFS); - Puerto Rico – 1989-1998 estimated from exports of goods; - (Puerto Rico Government website http://www.upr.clu.edu/trade/prexport.htm) - St Kitts-Nevis, 1960-1962 estimated from import data in colonial reports; - 1963-1976 estimated by trend regression; 1989 average of 1988 and 1990; - St Lucia - 1960-1978 estimated from imports of goods (IFS yearbook); - St Vincent -1960-1976 estimated from imports of goods (IFS yearbook); - Suriname - data taken from official Surinamese sources; - Turks and Caicos - 1960-1971 proxied by imports from official sources; - 1972 - 1980 interpolated; 1982-1985, 1989, 1993-1998 interpolated; - 1981 and 1986-1988 and 1990-1991 from official sources; - 1995 figure estimated from growth of tourist arrivals; - US Virgin Islands – 1960-1969 backward interpolation (5% growth); 19711979 and 1981-1988 interpolated; - 1970, 1980, 1989-1998 from official sources; TABLE 7. PUBLIC EXPENDITURE ON EDUCATION PER HEAD ($), 1960-98 Figures for 1960-98 (in black in website) are taken either from IMF, Government Financial Statistics, from UNESCO website or from British colonial reports. Wherever possible figures refer to total educational expenditures. Figures on website in blue are interpolated and in red are guesstimates. The country notes below give further information. - Anguilla - 1996-98 based on growth in total government expenditure. - Antigua – 1990 guesstimate; 1991-8 based on growth of government expenditure; - Aruba - 1960-1971 growth assumed to be 5% per year; 1981 based on government spending; - 1994-98 growth of 5% assumed; before 1986 Aruba assumed to be 33.3% of Netherlands Antilles excluding Aruba; - Barbados – 1995-8 based on growth of total government spending; - Belize – 1998 based on growth of government consumption in national accounts; - British Virgin Islands - 1992-1998 growth rate of 8% per year assumed; - Cayman Islands - 1992-97 based on growth of government spending; 1998 is guesstimate; - Cuba - 1960-64 based on growth of total public spending; 1997-98 growth of 5% assumed; - Dominica – 1990 guesstimate; 1991-8 based on growth in government spending; - Dominican Republic - 1960-1965, 1998 based on growth in government spending; - French Guyana – 1960 guesstimate; 1994-1998 growth of 5% per year assumed; - Grenada – 1990-8 based on growth of government expenditure in national accounts; - Guadeloupe – 1960-1964 assumed to be 74% of Martinique (same share as 1965); 1994-98 based on growth of public spending; I N T E G R A T I O N & T R A D E 27 - Guyana – 1997 based on total government spending; 1998 growth of 5% assumed; - Haiti - 1960-64 growth of 1% assumed; 1991-98 based on growth of government spending; - Jamaica – 1997-8 based on growth in government consumption in national accounts; - Martinique - 1960 guesstimate; 1994-1998 growth of 5% per year assumed; - Montserrat – 1975-78 based on growth in community, social and personal services in national accounts; - 1979-95 growth of 5% assumed. 1996-1998 educational expenditure assumed to decline by 50% because of volcanic eruption; - Netherlands Antilles - 1960-1971 growth assumed to be 5% per year; 1981 based on government spending; 1994-98 growth of 5% per year assumed; - Puerto Rico – 1960 figure is derived from growth in pupil numbers between 1960 and 1965; 1976-95 estimated from growth in government final expenditure; 1995-8 growth assumed to be 10% per year; - St. Kitts -1997-98 based on growth of government expenditure; - St. Lucia – 1995-8 based on growth of government value added in national accounts; - Suriname – 1960-69 and 1994-8 based on growth of total government spending; - Trinidad & Tobago – 1960-4 growth assumed to be 5% per year; - Turks and Caicos - 1984 guesstimate; 1985-1995 based on growth in government spending; - 1996-98 growth of 5% per year assumed; - US Virgin Islands - 1960-4 growth assumed to be 10% per year; 1985-98 estimated from government final expenditure; TABLE 8. NOMINAL EXCHANGE RATES, 1960-98 The main source is World Bank [2000]. The missing data were obtained from official sources. TABLE 9. CONSUMER PRICE INFLATION, 1960-98 The main source is World Bank [2000]. Other sources used are IFS Yearbook, World Bank, World Tables and ECLAC. For Cuba, a crucial source was Mesa-Lago [2000], which has official and unofficial estimates of inflation for most years. TABLE 10. GDP PER HEAD, 1960-98 The main source for this table was the World Bank [2000]. However, there are many gaps in the World Bank series even for the independent countries and these were filled in a variety of ways as explained below: - Bahamas - 1996-1998 from official sources; - Anguilla - 1995-1998 from IMF [2000]; 1984-1994 from official sources adjusted to 1995 prices (growth rate from 1987 to 1988 assumed to be 10%); - 1960 assumed to be equal to population share of St. Kitts-Nevis and 19611983 interpolated; 28 I N T E G R A T I O N & T R A D E - Antigua - as for St. Lucia 1967-1976; for 1960 -1966 annual growth rate assumed to be 5%; - Aruba - as for Netherlands Antilles from 1960-1986 assuming Aruba is a third of Netherlands Antilles (excluding Aruba); - 1986-1994 based on GDP at current prices adjusted for consumer inflation from official sources; - 1995-1998 growth rate assumed to be 5% per year; - British Virgin Islands –1994 figure in current dollars from official sources; - 1970-78 and 1984-89 from UN national accounts adjusted to 1995 pricesusing US inflation from 1978-89 and Eastern Caribbean Central Bank inflation from 1989-95; - intervening years by interpolation; 1960-1969 - Cayman Islands - 1994 figure in Cayman current dollars converted to US dollars from official sources; - 1983-1993 in constant prices from official sources adjusted to 1995 prices by Cayman inflation; - 1972 from official sources adjusted to 1995 prices by Cayman inflation - Dominica - as for St. Lucia with 3% growth per year assumed between 19601966; - French Guyana –as for Martinique except for 1960-1974 where 5% annual growth rate assumed; - Grenada - as for St. Lucia from 1967-1976; for 1960 -1966 annual growth rate assumed to be 2%; - Guadeloupe - as for Martinique except 1960-1969 where 5% annual growth rate assumed; - Martinique – 1998 GDP at 1995 prices in francs converted to US dollars; - 1994 GDP at 1994 prices converted to US dollars and adjusted to 1995 assuming 3% inflation; - 1970-1993 based on growth rates of constant GDP; 1960-1970 interpolated using 1960 figure in UN national account - Montserrat – 1990-1995 in current dollars from IMF [2000]; - 1996-98 GDP assumed to have fallen sharply because of volcanic eruption; - 1965,1970, and 1975-78 from UN national accounts adjusted by fall in Eastern Caribbean dollar exchange rate to US dollar with intervening years interpolated - Netherlands Antilles - 1960,1970 and 1975 taken from UN national accounts in current dollars adjusted for inflation with intervening years interpolated; - 1979-1994 from GDP at current prices from official sources adjusted for increases in consumer prices; - Puerto Rico - Growth in 1998 assumed to be 5%; - St. Kitts - 1970-1976 estimated from World Bank World Tables (4th edition); - St. Lucia - 1967-1979 estimated from GNP data in World Bank, World Tables (4th edition); - 1960-1966 estimated assuming 5% growth per year as given in World Tables (3rd edition). - St. Vincent - as for St. Lucia with 1% growth per year assumed between 19601966; - Suriname - 1960-1969 proxied from current price value added deflated by I N T E G R A T I O N & T R A D E 29 consumer prices (official sources); 1996-1998 proxied from value added volume change; - Turks and Caicos - 1965 from UN national accounts adjusted to US dollar and to 19 95 prices by US inflation; - 1970, 1975 from UN national accounts in current dollars adjusted to 95 prices by US inflation; 1983-88 in current dollars (unadjusted) from official sources; - US Virgin Islands - 1980, 1989 GDP current prices from official sources adjusted by GDP deflator to 1995 prices; - 1980-1989 interpolated; 1989-1996 proxied by gross pay at current prices adjusted by GDP deflator; - 1997-1998 GDP assumed to decline by 1% per year. 30 I N T E G R A T I O N & T R A D E TABLE 1: POPULATION, 1900-1960 (1ST SECTION OF FOUR) I 194500 55512 78513 294943 36998 748530 49558 St. Vincent & Grenadines 45540 28432 63114 Antigua & Barbuda 35353 1901 273899 195588 53735 80083 300748 37479 755730 50354 47548 28894 63438 35073 42556 E 1902 279349 197190 55190 81685 302172 38315 762975 50934 47488 29356 63762 34782 42211 G 1903 284908 198792 56113 83319 302172 38981 770289 51881 47956 29826 64087 34493 41869 1904 290578 199514 57133 84985 301923 39688 777673 52682 48424 30303 64414 34207 41529 1905 296360 199542 58175 86685 303390 40372 785128 53389 49236 30788 64743 33923 41192 1906 302257 196287 59142 88418 306959 41007 792654 54073 50170 31280 65073 33642 40858 1907 308272 194518 59713 90187 304549 42406 800253 54679 51009 31780 65405 33363 40527 1908 314406 194477 60309 91991 304549 43270 807925 55095 51779 32289 65739 33086 40198 I 1909 320663 194496 61277 93830 305090 44146 815670 55835 52592 32805 66074 32811 39872 O 1910 327044 171417 61949 95707 303197 45054 823489 56588 53448 33330 66411 32539 39549 1911 333552 173422 56072 97621 295784 40809 831383 48637 41877 33863 66750 32269 39228 1912 339475 172203 56318 99574 299044 40809 834019 49205 43117 34787 66675 32187 39531 1913 345397 173359 55766 101565 304149 41170 836663 49963 44434 35736 66600 32106 39837 1914 352145 176397 55639 103597 309938 41543 839315 50809 45605 36712 66525 32025 40145 1915 359527 180516 58129 105668 312391 41928 841976 51590 44404 37714 66450 31944 40455 1916 371876 184259 59928 107782 313859 42323 844645 52282 43206 38743 66375 31863 40768 1917 377021 186656 60932 109938 313999 42732 847322 52127 42009 39800 66300 31782 41083 1918 381309 191664 60082 112136 310972 43368 850008 51971 43069 40270 66225 31179 41301 1919 386907 200368 57838 114379 305991 43586 852703 51816 45229 40315 66150 31063 41583 1920 391279 198333 56385 116667 307290 45083 855406 51660 45912 40688 66075 31210 41434 1921 368943 156312 53003 119000 298188 45317 858118 51505 45295 37355 66000 29592 34184 1922 374650 157229 53648 121692 297817 45717 875667 52438 46220 38108 67266 29512 33504 1923 378184 158146 54301 124445 299199 46527 893574 53371 46744 36632 68532 29420 32742 1924 381753 159499 54962 127260 301204 47132 911848 54304 47591 39190 69799 29201 32048 1925 385091 162211 55631 130139 304412 47393 930495 55099 48182 40075 71065 29470 31591 1926 387470 169385 56308 133083 306844 48584 949524 55698 49751 39879 72331 29648 31594 1927 390621 168299 56993 136094 308473 49249 968942 56068 50770 41051 73597 30089 31672 1928 393798 167953 57687 139172 307784 50286 988757 56917 51426 41671 74863 30444 31122 1929 397000 170391 58389 142321 309676 51228 1008977 57482 51995 41482 76130 29648 30571 N 1900 Trinidad & Tobago 268449 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia Dominica Grenada T St. Kitts & Nevis 42890 R A T N & T R A D E 31 32 TABLE 1: POPULATION, 1900-1960 (2ND SECTION OF FOUR) 1932 419559 176874 61812 152200 317813 52945 1070468 61135 49665 44103 80643 32144 31679 1933 425572 180055 62679 155643 321260 53770 1090269 62000 52006 45239 92624 32424 31657 1934 432058 182440 63763 159164 323171 54744 1104923 63804 53662 46298 83761 33060 32160 1935 439994 184912 64982 162764 328219 55448 1119774 64959 55219 47394 84898 33700 32277 1936 448253 188294 66219 166446 332898 56071 1134825 66230 56511 48280 86035 34230 31937 1937 456006 190939 66908 170212 337034 56893 1150078 67405 57526 49483 87172 34523 32418 1938 464889 193082 67720 174062 337521 57767 1165536 69084 58381 50617 88309 35123 31852 1939 474895 193052 68170 178000 341237 58051 1181202 69419 58781 50474 89446 35891 33372 1940 484900 193022 68621 178537 346982 58337 1197079 69756 59184 50332 90586 36675 34965 1941 503450 192992 69071 179076 354219 58623 1213169 70095 59590 50190 87553 37477 36634 1942 522000 192962 69522 179617 361704 58912 1229475 70435 59998 50048 84520 38297 38383 1943 530769 192932 68846 180159 362694 59201 1246000 70777 60409 49907 81487 39134 40215 1944 539685 192902 72777 180703 367204 59492 1268228 71121 60823 49766 78453 39989 42135 1945 548751 192872 76708 181248 373598 59785 1290853 71466 61240 49626 75420 40864 44146 1946 557970 192841 80639 181795 381325 60079 1313881 71813 61660 49486 72387 41757 46253 1947 586700 199012 75018 182344 390857 61503 1337320 73775 63163 50798 72663 43442 45859 1948 602814 202669 76620 182894 402615 63428 1361177 75738 64666 51763 73564 43504 46288 1949 618603 207262 78275 183446 414306 65354 1385459 77700 66170 52858 74719 44532 46928 1950 635843 211641 79664 184000 425156 66892 1410175 80195 67911 54577 75913 45611 48501 1951 651048 215128 81440 192564 436431 70741 1435332 81792 69651 55914 77216 46971 48745 1952 662850 219015 83141 201527 434900 71171 1460938 82958 71392 57022 78542 48332 48991 1953 678300 222942 84841 210907 447440 75778 1487000 84812 73136 59097 79890 49692 49238 R 1954 697550 224034 88387 233000 463069 75778 1506501 86219 75200 61398 81262 50908 49486 A 1955 720800 225132 92081 241000 479244 78094 1526259 88150 76778 63086 82657 52454 49735 1956 742500 226234 95929 245000 495984 80888 1546275 89862 78594 63068 84076 54228 49985 1957 764900 227343 99939 255000 513309 82333 1566554 91102 80781 64231 85519 55967 50237 1958 790933 228453 104115 265000 531239 85098 1587099 92089 81782 66645 86988 57777 50490 1959 816967 229575 108467 275000 549796 88156 1607913 89265 83195 60100 88481 56139 50744 1960 843000 230700 113000 290000 569000 91050 1629000 86440 80000 60300 90000 54500 51000 I 1930 1931 Trinidad & Tobago 404892 412783 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia 172182 173674 59099 59818 145540 148833 312489 313619 52136 52139 1029611 1050667 58494 59676 St. Vincent & Grenadines 53228 47961 77396 78662 Antigua & Barbuda 30909 31235 St. Kitts & Nevis 30933 33984 Dominica Grenada 42343 43098 N T E G R A T I O N & T D E TABLE 1: POPULATION, 1900-1960 (3RD SECTION OF FOUR) I N British V. Islands Cayman Islands Turks and Caicos Is Montserrat Martinique Guadeloupe Fr. Guyane Netherland Antilles Puerto Rico US Virgin Islands Cuba Haiti Dominican Republic 1900 1901 3872 3890 4846 4908 5000 5049 5257 5287 12217 12215 215000 208000 180000 182000 21700 22000 50000 50368 953000 968340 31425 31000 1573000 1641000 1250000 1293700 600000 614000 1902 3908 4970 5098 5319 12213 201171 183573 22321 50739 983927 30575 1709000 1337400 628000 1903 3926 5032 5148 5351 12211 194566 185159 22647 51112 999764 30155 1777000 1381100 642000 1904 3945 5096 5198 5383 12209 188178 186759 22978 51488 1015857 29741 1845000 1424800 656000 1905 3963 5160 5249 5416 12207 182000 188372 23314 51867 1032208 29333 1913000 1468500 670000 1906 3981 5225 5300 5449 12205 182398 190000 23654 52249 1048823 28931 1981000 1512200 684000 1907 4000 5291 5352 5481 12204 182797 194209 24000 52633 1065705 28534 2049000 1555900 698000 1908 4019 5357 5404 5515 12202 183197 198512 24485 53020 1082859 28143 2119000 1599600 712000 1909 4037 5425 5457 5548 12200 183598 202910 24980 53410 1100289 27756 2189000 1643300 726000 1910 4056 5493 5510 5581 12198 184000 207405 25485 53804 1118000 27376 2259000 1687000 740000 1911 4075 5562 5564 5615 12196 188782 212000 26000 54199 1134990 27000 2329000 1730700 755500 1912 4197 5514 5532 5615 12021 193688 213735 26000 54598 1152238 26831 2399000 1774400 771000 1913 4319 5466 5500 5614 11849 198722 215484 26000 55000 1169748 26662 2469000 1818100 786500 1914 4442 5419 5469 5614 11679 203887 217247 26000 56071 1187524 26495 2539000 1861800 802000 1915 4564 5372 5437 5614 11511 209186 219024 26000 57162 1205570 26329 2609000 1905500 817500 1916 4686 5326 5406 5613 11346 214623 220817 26000 58275 1223891 26164 2679000 1949200 833000 1917 4808 5280 5375 5613 11183 220200 222624 26000 59409 1242490 26000 2749000 1992900 848500 1918 4878 5234 5344 5613 11264 225923 224445 26000 60566 1261372 25668 2819000 2036600 864000 1919 4988 5189 5314 5613 11168 231795 226282 26000 61745 1280540 25340 2889000 2080300 879500 1920 5098 5144 5283 5612 11015 237819 228133 26000 62947 1300000 25017 2944600 2124000 895000 1921 4219 5100 5253 5612 12050 244000 230000 26000 64172 1322555 24697 3014800 2153800 933933 1922 4362 5103 5339 5580 11957 241257 232543 26000 65422 1345501 24382 3072700 2183600 972867 1923 4398 5106 5427 5548 11890 238546 235114 26486 66695 1368846 24071 3155200 2213400 1011800 1924 4470 5110 5516 5517 11760 235864 237714 26981 67994 1392595 23763 3225600 2243200 1050733 1925 4565 5113 5607 5485 11673 233213 240343 27486 69317 1416757 23460 3295700 2273000 1089667 1926 4565 5116 5699 5454 11732 230592 243000 28000 70667 1441338 23160 3365900 2302800 1128600 1927 4625 5119 5792 5423 11916 228000 247621 26682 72042 1466345 22865 3436100 2332600 1167533 1928 4710 5123 5887 5392 11935 229730 252330 25425 73445 1491786 22573 3506500 2362400 1206467 1929 4794 5126 5984 5361 11954 231474 257128 24228 74874 1517668 22285 3576700 2392200 1245400 T Anguilla E G R A T I O N & T R A D E 33 34 TABLE 1: POPULATION, 1900-1960 (4TH SECTION OF FOUR) 1930 1931 4856 4230 British V. Islands 5263 5040 1932 5101 5209 6185 5300 12880 237352 274021 22386 81872 1613627 22570 3962300 2503000 1362200 1933 5231 5360 6188 5300 13062 239728 281226 22779 84790 1649610 22860 3961700 2543500 1401133 T 1934 5361 5488 6210 5378 13161 242128 288621 23179 87813 1686395 23154 4039500 2584000 1440067 E 1935 5465 6100 6233 5458 13264 244552 296211 23586 90944 1724000 23452 4071100 2624500 1479000 1936 5517 6165 6255 5539 13630 247000 304000 24000 94186 1752071 23754 4108700 2665000 1522800 1937 5639 6288 6278 5621 13712 246549 299253 23792 97544 1780599 24059 4165000 2705500 1566600 1938 5717 6364 6301 5704 13670 246098 294580 23586 101021 1809591 24369 4227600 2746000 1610400 1939 5627 6381 6324 5788 13751 245648 289979 23382 104456 1839056 24682 4253000 2786500 1654200 1940 5539 6399 6347 5874 13833 245199 285451 23179 107891 1869000 25000 4384500 2827000 1698000 1941 5452 6417 6369 5960 13915 244751 280994 22978 113144 1900672 25193 4516000 2854000 1741800 1942 5366 6434 6393 6049 13998 244304 276606 22779 118652 1932881 25388 4647500 2881000 1785600 1943 5282 6452 6416 6138 14081 243858 272286 22582 124429 1965636 25584 4779000 2908000 1829400 1944 5199 6469 6439 6173 14164 243412 268034 22386 130487 1998946 25782 4884000 2935000 1873200 1945 5117 6487 6462 6207 14248 242967 263848 22192 136840 2032820 25981 4989000 2962000 1917000 1946 5037 6505 6486 6242 14333 242523 259728 22000 143502 2067269 26181 5094000 2989000 1960800 1947 5034 6690 6509 6251 13283 242080 255672 22673 148074 2102301 26384 5199000 3016000 2004600 1948 5032 6000 6533 6267 13504 241637 251680 23367 152792 2137927 26588 5304000 3043000 2048400 1949 5029 6000 6556 6309 13508 241196 247749 24082 157661 2174156 26793 5409000 3070000 2092200 1950 5026 7000 6580 6431 13535 240755 243881 24819 162684 2211000 27000 5514000 3097000 2136000 1951 5024 7147 6676 6354 13585 240315 240072 25579 169254 2225278 27463 5619000 3178400 2227100 1952 5021 7297 6772 6278 13635 239876 236323 26362 175590 2239648 27933 5724000 3259800 2318200 1953 5018 7450 6871 6202 13685 239438 232633 27169 181009 2254111 28412 5829000 3341200 2409300 1954 5016 7600 6970 6128 14145 239000 229000 28000 181224 2268667 28899 5990176 3422600 2500400 1955 5013 7760 7072 6054 13763 245817 236032 28788 183714 2283317 29394 6151353 3504000 2591500 1956 5011 7760 7174 5982 13390 252828 243280 29597 184759 2298062 29898 6312529 3585400 2682600 D 1957 5008 7760 7278 5910 13028 260039 250751 30430 185810 2312902 30410 6473706 3666800 2773700 E 1958 5005 7600 7384 5839 12676 267456 258451 31285 186868 2327838 30931 6634882 3748200 2864800 1959 5003 7470 7491 5769 12333 275084 266388 32165 187931 2342871 31461 6796059 3829600 2955900 1960 5000 7340 7600 5700 12000 282930 274568 33070 189000 2358000 32000 6957235 3911000 3047000 Anguilla I Cayman Islands 6082 6182 Turks and Caicos Is 5330 5300 Montserrat Martinique Guadeloupe Fr. Guyane 12196 12120 233230 235000 262017 267000 23087 22000 Netherland Antilles 76332 79053 Cuba Haiti 1544000 1578430 US Virgin Islands 22000 22283 3646900 3962300 2422000 2462500 Dominican Republic 1284333 1323267 Puerto Rico N G R A T I O N & T R A TABLE 2: POPULATION, 1960-1998 (1ST SECTION OF TWO) I N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 Trinidad & Tobago 843,000 858,490 869,040 876,720 884,990 896,000 909,340 925,330 942,480 958,220 971,000 981,320 989,140 995,650 1,002,840 1,012,000 1,022,800 1,035,080 1,049,000 1,064,670 1,082,000 1,101,040 1,122,090 1,143,480 1,162,640 1,178,000 1,190,130 1,199,470 1,206,310 1,211,230 1,215,000 1,226,130 1,235,980 1,244,980 1,253,510 1,262,000 1,270,170 1,277,740 1,285,140 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia 230,700 231,600 232,500 233,400 234,300 235,200 236,000 236,800 237,600 238,400 239,200 240,200 241,900 243,300 244,500 245,600 246,400 247,100 247,900 246,500 249,100 249,900 250,800 251,700 252,600 253,000 253,500 254,000 255,000 256,460 258,000 260,000 262,000 263,500 264,300 264,200 264,400 264,870 265,630 113,000 118,000 123,000 128,000 133,000 139,000 145,000 151,000 157,000 164,000 171,000 174,000 178,000 181,000 185,000 189,000 193,000 197,000 201,000 206,000 210,000 214,000 219,000 224,000 229,000 232,000 236,000 240,000 245,000 250,000 255,800 259,000 262,490 267,000 272,000 278,000 284,000 289,000 294,000 290,000 298,000 306,000 315,000 323,000 332,000 340,000 348,000 356,000 364,000 372,000 378,000 381,650 383,930 381,430 364,500 354,400 362,090 367,320 364,990 355,000 355,450 365,600 376,200 386,900 385,000 389,780 393,650 396,830 399,540 402,000 404,060 405,570 406,750 407,820 409,000 410,140 411,090 412,070 569,000 585,170 600,660 615,620 630,350 645,000 659,450 673,760 687,340 699,270 709,000 716,670 722,210 726,280 729,970 734,000 738,250 742,660 747,460 752,880 759,000 765,920 773,940 782,070 788,720 793,000 793,400 793,800 794,200 794,600 795,000 802,930 810,100 816,820 823,350 830,000 836,570 842,860 849,180 91,050 94,240 97,670 101,190 104,600 107,740 110,640 113,330 115,790 118,000 119,970 121,720 123,210 124,670 126,420 128,670 131,410 134,680 138,340 142,160 146,000 149,890 153,850 156,990 162,000 166,250 170,610 175,080 179,680 184,420 189,300 194,300 199,530 205,200 210,890 216,700 222,400 229,500 238,500 1,629,000 1,651,920 1,678,470 1,707,020 1,734,760 1,760,000 1,783,120 1,803,890 1,823,710 1,844,940 1,869,000 1,895,630 1,925,160 1,956,080 1,985,850 2,013,000 2,037,740 2,059,510 2,080,500 2,104,310 2,133,000 2,162,300 2,200,100 2,240,800 2,279,900 2,311,100 2,335,800 2,350,600 2,356,400 2,374,900 2,403,500 2,425,200 2,448,000 2,471,600 2,496,000 2,522,100 2,538,000 2,554,000 2,576,000 86,440 87,800 89,200 90,600 92,000 93,400 94,900 96,400 97,900 99,400 101,400 102,800 104,100 105,600 107,000 108,400 109,800 111,300 112,700 114,100 115,500 117,400 119,400 121,100 122,900 124,800 126,700 128,500 130,400 132,200 134,100 136,000 137,100 139,900 142,700 145,400 147,000 149,600 152,000 St. Vincent & Grenadines 80,000 81,030 81,880 82,590 83,280 84,000 84,740 85,510 86,310 87,140 88,000 88,900 89,840 90,810 91,800 92,800 93,810 94,830 95,840 96,840 97,800 98,730 99,620 100,500 101,380 102,300 103,240 104,190 105,150 106,110 107,050 108,000 108,870 109,660 110,370 111,000 111,680 112,420 113,220 Dominica Grenada 60,300 61,100 61,900 62,800 63,600 64,500 65,300 66,000 66,800 67,600 68,400 69,200 70,000 70,250 70,500 70,900 71,250 71,700 72,150 72,700 73,350 74,630 74,360 74,090 73,830 73,560 73,300 73,000 72,770 72,520 72,260 72,000 71,940 72,090 72,440 73,000 73,000 73,000 73,000 90,000 91,358 92,737 94,137 95,558 97,000 96,678 96,357 96,037 95,718 95,400 94,710 94,025 93,345 92,670 92,000 91,617 91,235 90,855 90,477 90,100 89,000 89,249 89,499 89,749 90,000 90,709 91,423 92,143 92,869 93,600 93,600 93,700 93,800 94,100 94,500 95,000 95,500 96,200 Antigua & Barbuda 54,500 55,250 56,060 56,970 58,040 59,290 60,710 62,340 63,940 65,180 65,850 65,960 65,500 64,670 63,760 63,000 62,350 61,830 61,440 61,160 61,000 61,200 61,400 61,600 61,800 62,000 62,380 62,790 63,200 63,610 64,000 64,230 64,470 64,700 64,940 65,180 65,730 66,290 66,860 St. Kitts & Nevis 51,000 50,530 50,070 49,610 49,150 48,700 47,920 47,140 46,380 45,640 44,900 44,600 44,400 44,100 43,800 43,600 43,300 43,740 43,800 43,690 44,400 44,750 45,090 44,700 43,670 42,750 42,600 42,460 42,310 42,170 42,030 41,800 41,590 41,380 41,190 41,000 40,880 40,820 40,820 35 36 TABLE 2: POPULATION, 1960-1998 (2ND SECTION OF TWO) Anguilla I N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 5,000 5,092 5,186 5,281 5,378 5,477 5,578 5,681 5,785 5,892 6,000 6,000 6,000 6,000 6,000 6,000 6,188 6,382 6,581 6,787 7,000 7,000 7,000 7,000 7,000 7,000 7,189 7,384 7,584 7,789 8,000 8,365 8,747 9,146 9,564 10,000 10,000 11,000 11,000 British V. Islands 7,340 7,600 8,000 8,380 8,619 8,905 9,201 9,506 9,821 10,147 10,484 10,585 10,687 10,791 10,895 11,000 11,000 11,000 11,000 11,000 11,000 11,374 11,760 12,160 12,573 13,000 13,551 14,126 14,725 15,349 16,000 16,381 16,772 17,172 17,581 18,000 18,000 18,000 19,000 Cayman Islands 7,600 7,850 8,108 8,374 8,649 8,933 9,227 9,530 9,843 10,166 10,500 11,056 11,641 12,256 12,905 13,588 14,307 15,064 15,861 16,700 17,389 18,106 18,853 19,631 20,441 21,284 22,162 23,077 24,029 25,020 26,052 27,127 28,246 29,411 30,625 31,888 33,204 34,574 36,000 Turks and Caicos Is 5,700 5,690 5,680 5,670 5,660 5,650 5,640 5,630 5,620 5,610 5,600 5,758 5,921 6,088 6,260 6,437 6,619 6,806 6,999 7,197 7,400 7,695 8,003 8,322 8,654 9,000 9,533 10,098 10,696 11,329 12,000 12,376 12,763 13,163 13,575 14,000 15,000 16,000 16,000 Montserrat 12,000 11,896 11,793 11,691 11,590 11,489 11,390 11,291 11,193 11,096 11,000 11,096 11,193 11,291 11,390 11,489 11,590 11,691 11,793 11,896 12,000 12,000 12,000 12,000 12,000 12,000 12,194 12,390 12,590 12,794 13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000 Martinique Guadeloupe 282,930 291,000 295,644 300,362 305,156 310,026 314,973 320,000 321,988 323,988 326,000 325,499 324,998 324,499 324,000 329,000 328,398 327,797 327,197 326,598 326,000 326,500 327,000 331,602 336,268 341,000 344,718 348,477 352,276 356,117 360,000 363,914 367,870 371,870 375,913 380,000 383,726 387,489 391,289 274,568 283,000 287,792 292,666 297,622 302,662 307,788 313,000 315,316 317,649 320,000 320,995 321,994 322,995 324,000 329,000 328,599 328,199 327,799 327,399 327,000 327,000 327,000 336,079 345,410 355,000 361,925 368,984 376,181 383,519 391,000 397,388 403,880 410,478 417,184 424,000 430,215 436,521 442,920 Fr. Guyane 33,070 34,000 35,493 37,051 38,678 40,376 42,149 44,000 45,607 47,273 49,000 50,436 51,913 53,434 55,000 57,000 59,048 61,169 63,366 65,642 68,000 70,456 73,000 78,565 84,554 91,000 95,691 100,623 105,810 111,265 117,000 122,465 128,185 134,173 140,440 147,000 152,906 159,049 165,439 Netherlands Antilles 135,000 137,230 139,340 141,410 143,600 146,000 148,580 151,370 154,200 156,800 159,000 160,830 162,280 163,470 164,660 166,000 167,460 169,050 170,730 172,400 174,000 175,570 177,130 178,680 180,170 181,600 183,020 184,460 185,980 187,640 189,500 192,980 196,230 199,290 202,200 205,000 207,660 210,150 212,510 Aruba Puerto Rico 54,000 54,281 54,563 54,847 55,132 55,419 55,707 55,996 56,287 56,580 56,874 57,170 57,447 57,725 58,005 58,286 58,568 58,852 59,137 59,423 59,711 60,000 60,055 60,109 60,164 60,219 60,274 59,995 61,045 62,497 65,939 67,504 71,304 77,973 80,333 83,652 87,960 91,361 93,424 2,358,000 2,399,720 2,450,320 2,504,530 2,554,070 2,594,000 2,625,000 2,645,670 2,662,060 2,684,150 2,718,000 2,762,190 2,817,260 2,878,790 2,939,300 2,994,000 3,043,850 3,088,690 3,129,420 3,168,090 3,206,000 3,242,630 3,277,860 3,311,870 3,344,840 3,377,000 3,408,660 3,440,140 3,471,780 3,503,940 3,537,000 3,571,000 3,604,000 3,644,000 3,687,000 3,731,000 3,783,000 3,827,000 3,860,000 Virgin Islands U.S 32,000 34,100 36,300 38,700 41,300 44,000 47,300 50,800 54,600 58,600 63,000 71,000 76,000 84,000 90,000 94,000 96,000 93,000 96,000 96,000 97,000 98,000 102,000 104,000 108,000 107,000 106,500 106,000 104,500 103,000 104,200 106,200 108,200 110,300 112,200 113,900 115,400 116,800 118,300 Cuba Haiti 6,985,000 7,134,000 7,254,000 7,415,000 7,612,000 7,754,000 7,985,000 8,139,000 8,284,000 8,421,000 8,520,000 8,692,000 8,862,000 9,036,000 9,154,000 9,306,000 9,423,000 9,541,000 9,638,000 9,720,000 9,710,000 9,724,000 9,801,000 9,897,000 9,994,000 10,115,000 10,199,000 10,288,000 10,410,000 10,522,000 10,625,000 10,736,000 10,822,000 10,869,000 10,916,000 10,964,000 11,019,000 11,059,000 11,103,210 3,804,000 3,868,520 3,934,650 4,002,420 4,071,870 4,143,000 4,215,750 4,290,140 4,365,880 4,442,580 4,520,000 4,598,210 4,677,300 4,757,260 4,838,130 4,920,000 5,003,000 5,087,240 5,173,220 5,261,630 5,353,000 5,447,430 5,544,990 5,646,120 5,751,350 5,861,000 5,975,030 6,093,380 6,215,940 6,342,570 6,473,000 6,593,000 6,722,040 6,860,560 7,009,040 7,168,000 7,336,000 7,492,000 7,647,000 Dominican Republic 3,231,000 3,340,650 3,453,360 3,568,770 3,686,440 3,806,000 3,927,270 4,050,140 4,174,100 4,298,520 4,423,000 4,547,470 4,671,780 4,796,270 4,921,540 5,048,000 5,175,590 5,304,390 5,434,330 5,565,220 5,697,000 5,829,680 5,963,070 6,097,900 6,235,340 6,376,000 6,519,380 6,664,990 6,812,400 6,960,990 7,110,000 7,257,190 7,402,330 7,545,180 7,685,480 7,823,000 7,963,580 8,107,290 8,254,200 TABLE 3: MAIN EXCHANGE RATES, 1900-1960 Franc/US$ Guild/US$ Franc/US$ Guild/US$ 1930 4.52 25.48 2.49 1900 4.86 5.18 2.49 1931 3.5 25.51 2.49 T 1901 4.86 5.18 2.49 1932 5.11 25.46 2.48 E 1902 4.86 5.18 2.49 1933 4.95 19.88 1.93 1903 4.86 5.18 2.49 1934 4.93 15.22 1.48 G 1904 4.86 5.18 2.49 1935 4.91 15.15 1.48 R 1905 4.86 5.18 2.49 1936 5 16.35 1.55 1906 4.86 5.18 2.49 1937 4.67 24.72 1.82 I US$/£ US$/£ N A T 4.86 5.18 2.49 1938 3.93 34.75 1.82 4.86 5.18 2.49 1939 4.03 39.84 1.87 1909 4.86 5.18 2.49 1940 4.03 48.01 1.88 1910 4.86 5.18 2.49 1941 4.03 49 1.89 1911 4.86 5.18 2.49 1942 4.03 49 1.89 1912 4.86 5.18 2.49 1943 4.03 49 1.89 I 1907 1908 O N 4.86 5.18 2.49 1944 4.03 49.72 1.89 4.8 5.09 2.46 1945 4.03 49.72 2.66 1915 4.75 5.57 2.47 1946 4.03 119.3 2.66 1916 4.74 5.89 2.39 1947 4.03 119.3 2.66 1917 4.75 5.76 2.38 1948 2.8 214.71 2.66 1918 4.75 5.62 2.13 1949 2.8 349 3.805 1919 4.42 7.31 2.55 1950 2.8 349.9 3.8 1920 3.66 14.2 2.91 1951 2.8 349.95 3.8 1921 3.85 13.41 2.97 1952 2.8 350 3.8 1922 4.43 12.19 2.6 1953 2.8 349.95 3.79 1923 4.57 16.44 2.56 1954 2.8 350 3.79 D 1924 4.42 19.1 2.62 1955 2.8 350 3.83 E 1925 4.83 20.98 2.49 1956 2.8 349.95 3.83 1926 4.86 30.84 2.49 1957 2.8 420 3.79 3.76 & 1913 1914 T R A 1927 4.86 25.48 2.49 1958 2.8 490.55 1928 4.86 25.5 2.49 1959 2.8 490.9 3.77 1929 4.86 25.54 2.49 1960 2.8 4.903 3.77 37 Red type = New Francs/US$ 38 TABLE 4: EXPORTS PER HEAD IN US DOLLARS, 1900-1960 (1ST SECTION OF FOUR) 22.96 18.14 28.13 32.66 35.15 11.67 10.29 St. Vincent & Grenadines 10.71 1901 43.40 23.61 16.00 27.08 27.73 37.02 12.47 7.52 5.31 23.28 36.70 1902 43.01 14.60 18.28 20.16 28.26 35.52 14.60 7.01 4.51 23.67 39.53 1903 38.81 13.52 18.23 20.73 28.21 47.49 9.74 9.93 3.87 21.50 38.19 T 1904 41.47 20.97 16.58 17.48 31.10 46.92 8.98 9.36 5.21 24.28 40.98 E 1905 51.96 22.79 18.62 20.38 30.70 45.41 11.41 9.92 5.24 21.30 49.99 1906 46.18 21.65 18.24 21.80 28.27 49.19 12.21 10.30 8.11 15.70 46.65 1907 61.60 21.16 19.39 26.27 26.24 52.09 14.43 10.85 8.98 30.99 63.60 1908 38.65 22.00 14.79 26.19 32.61 50.82 13.64 13.27 8.89 26.56 64.84 1909 48.77 20.53 13.60 28.25 30.60 49.99 15.66 11.74 8.20 20.95 53.84 1910 51.53 28.47 15.20 34.83 27.61 51.98 15.16 10.49 9.20 21.35 68.59 1911 69.49 26.10 18.14 37.85 34.23 65.75 17.23 12.01 13.77 19.23 70.22 1912 64.04 28.11 23.83 33.88 28.07 69.92 15.79 11.99 12.45 20.79 69.26 1913 73.25 21.33 23.00 37.56 33.72 75.86 14.12 12.95 12.60 26.79 70.42 1914 57.26 23.02 19.28 25.51 38.01 69.32 12.86 10.63 11.56 24.05 74.30 1915 53.20 27.71 19.89 26.44 48.67 52.07 15.97 15.28 10.54 33.33 78.68 1916 53.38 51.50 31.44 52.50 12.50 1917 59.24 49.34 34.01 59.77 15.71 1918 56.26 55.09 29.73 47.09 13.85 1919 70.68 60.75 30.86 56.70 13.92 1920 75.07 80.66 22.09 67.72 24.07 1921 45.94 35.10 18.67 44.21 1922 47.18 35.08 17.93 18.02 43.51 29.10 15.45 11.73 10.53 17.14 91.39 1923 55.73 61.55 20.66 26.37 57.40 26.71 21.33 12.22 12.81 16.79 120.97 1924 51.15 44.26 22.03 22.19 47.25 31.51 15.07 13.51 14.02 21.85 88.36 1925 57.33 34.06 27.61 30.55 46.65 33.84 20.23 13.24 15.84 28.95 107.65 1926 61.26 28.38 23.65 23.24 40.10 39.31 21.54 14.48 15.43 29.50 101.95 1927 65.44 37.89 24.22 34.82 51.09 52.99 24.01 14.48 13.88 32.82 145.76 1928 70.98 35.48 22.92 33.19 47.62 37.02 20.37 13.41 14.74 28.43 133.52 1929 72.59 29.04 18.31 22.01 38.89 37.95 22.19 11.50 14.11 26.11 97.45 1930 57.74 23.65 16.20 22.63 33.00 26.94 19.07 10.30 13.42 21.29 96.47 I 1900 Trinidad & Tobago 46.79 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia Dominica Grenada Antigua & Barbuda St. Kitts & Nevis 24.00 N G R A T I O N & 30.64 T R A D E TABLE 4: EXPORTS PER HEAD IN US DOLLARS, 1900-1960 (2ND SECTION OF FOUR) I 22.20 13.00 15.65 27.38 11.44 14.46 7.73 St. Vincent & Grenadines 10.56 T 1932 31.13 23.69 11.15 11.13 22.92 6.41 10.30 6.01 6.69 8.12 53.36 E 1933 42.93 35.76 11.82 10.99 30.08 10.07 12.39 7.83 11.00 10.26 90.72 1934 43.36 36.47 8.15 16.13 26.19 15.82 13.95 7.60 11.99 11.52 85.89 1935 46.23 26.71 8.57 14.11 30.69 17.16 16.36 7.97 11.79 12.95 84.47 1936 61.42 38.67 10.54 17.44 36.73 24.26 16.45 9.64 14.72 94.40 1937 67.72 42.74 22.05 16.79 41.98 25.66 21.57 10.38 16.26 1938 65.12 32.41 14.92 18.31 38.35 31.44 20.15 8.56 16.85 N 1931 Trinidad & Tobago 41.65 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia Dominica Grenada Antigua & Barbuda 15.46 G R A 5.74 St. Kitts & Nevis 39.10 20.76 49.35 60.01 14.37 27.17 40.70 48.30 41.28 10.39 21.93 35.30 23.80 15.81 6.40 16.07 4.36 11.56 24.14 51.09 I 43.05 35.23 13.46 21.75 36.77 27.79 10.79 7.25 16.55 6.50 11.52 22.88 50.12 1941 27.16 39.59 17.61 32.50 46.36 30.17 13.15 8.83 19.18 12.70 15.72 28.66 60.86 1942 19.12 28.28 16.97 38.29 44.75 21.26 13.28 15.42 12.23 24.52 25.81 36.09 1943 17.87 48.74 24.87 41.12 54.50 30.03 13.70 11.06 11.23 27.88 35.35 57.84 1944 19.52 52.66 18.74 20.20 55.94 31.27 14.23 13.54 16.53 30.50 25.12 53.04 1945 88.74 60.07 22.71 15.35 48.50 33.05 15.48 9.73 12.68 18.92 31.40 33.85 60.02 1946 91.79 65.74 19.96 24.82 59.45 58.47 26.84 9.68 14.12 14.41 43.63 47.23 62.04 1947 123.07 75.09 19.40 51.54 73.03 69.00 30.64 13.60 14.97 14.31 54.17 41.88 78.45 1948 183.85 60.48 27.22 53.44 77.16 71.59 33.71 14.40 25.64 22.19 48.30 35.74 80.15 1949 130.13 388.40 17.35 48.77 64.77 51.61 24.52 10.66 18.82 13.62 32.94 37.78 61.96 1950 161.47 485.10 21.74 44.34 69.97 48.08 30.26 14.01 18.39 22.07 51.89 71.89 70.09 1951 191.74 580.27 25.06 54.66 77.52 59.23 33.44 15.97 O T 1939 1940 N & T 28.78 R A D E 1952 202.41 612.59 31.21 60.07 108.65 55.23 33.77 17.87 45.53 1953 220.16 669.83 34.50 62.55 108.21 62.91 46.63 21.59 45.68 74.99 118.39 1954 219.10 682.19 30.31 62.28 107.08 57.51 55.76 22.67 43.62 31.33 103.49 1955 230.65 738.46 23.03 54.17 109.55 62.87 60.28 24.76 45.66 48.15 105.68 1956 259.26 850.89 20.06 62.88 111.73 64.78 68.98 26.41 53.34 0.00 110.01 1957 299.71 1008.39 22.23 67.26 122.73 62.51 87.67 27.39 46.22 72.78 110.69 1958 313.45 1085.20 29.79 62.22 106.51 63.90 80.65 27.46 58.66 57.56 108.93 1959 320.60 1140.88 40.19 74.27 109.28 79.61 40.79 63.77 56.27 110.10 1960 339.76 1241.51 32.08 75.00 128.15 92.49 36.65 40.19 116.06 78.15 42.29 59.26 45.35 39 40 TABLE 4: EXPORTS PER HEAD IN US DOLLARS, 1900-1960 (3RD SECTION OF FOUR) Turks and Caicos Is I 1900 1901 6.72 N British V. Islands Cayman Islands 1902 1903 31.97 36.91 24.24 21.35 16.09 18.03 2.41 2.39 6.98 29.74 15.35 17.88 2.37 29.84 7.66 29.11 14.88 18.77 2.36 43.89 1904 8.39 22.11 13.34 13.44 3.90 1905 11.04 21.56 19.09 16.40 7.74 1906 13.94 22.24 20.11 15.24 7.69 53.00 9.65 1907 11.06 21.12 20.07 15.90 9.92 54.17 11.32 1908 10.45 21.85 22.13 16.53 6.82 45.78 13.48 1909 10.68 16.59 23.13 11.42 6.77 52.99 11.85 1910 10.03 21.30 29.38 22.34 12.69 63.75 14.59 T 1911 9.60 20.52 23.52 18.21 14.82 I Dominican Republic A US Virgin Islands Guadeloupe R Netherland Antilles Martinique G Montserrat E Anguilla 1912 10.83 22.46 30.90 23.48 1913 8.84 24.07 28.17 16.13 16.79 66.42 13.35 1914 3.66 24.24 28.91 23.51 15.95 68.14 13.22 1915 1.58 25.80 Fr. Guyane Puerto Rico 8.88 Cuba Haiti 28.61 38.39 2.24 2.01 T 50.41 18.12 33.95 51.75 10.30 52.81 71.70 O N 40.94 14.56 1.92 & 36.90 22.13 16.29 1916 48.25 32.29 17.23 119.82 0.18 25.81 1917 63.86 39.77 19.80 129.50 0.17 26.40 1918 40.17 40.43 20.93 144.38 1919 102.10 62.87 17.78 198.34 2.02 45.03 1920 38.20 45.07 60.05 269.65 1.79 65.59 1921 27.20 24.32 68.21 92.21 0.46 22.06 116.00 90.07 16.08 18.59 25.93 T R A D E 1922 11.32 34.51 32.30 29.99 82.31 105.77 4.95 15.62 1923 6.52 30.14 30.09 27.16 111.28 133.43 6.60 25.70 1924 7.88 23.77 39.96 40.75 179.63 134.86 6.33 28.84 1925 12.37 33.66 36.58 30.74 347.63 107.41 8.53 24.59 1926 9.76 31.18 31.22 22.42 539.89 89.72 8.77 22.06 1927 11.21 20.91 39.42 29.00 752.57 94.29 6.52 26.72 1928 10.97 27.93 43.02 27.66 1421.71 79.28 9.57 23.87 1929 10.01 36.45 52.44 20.56 1657.40 76.05 7.02 19.03 1930 8.43 23.86 47.45 28.91 2193.97 45.79 5.86 14.48 66.91 64.49 TABLE 4: EXPORTS PER HEAD IN US DOLLARS, 1900-1960 (4TH SECTION OF FOUR) I N Anguilla British V. Islands Cayman Islands Turks and Caicos Is 6.71 2.63 Montserrat Netherland Antilles Puerto Rico 20.11 27.23 1742.51 896.36 Guadeloupe 14.05 9.22 30.03 33.26 Fr. Guyane US Virgin Islands Cuba Haiti Dominican Republic 62.34 53.61 30.03 20.44 3.65 2.88 9.90 8.08 6.71 T Martinique G 1933 4.23 16.64 41.97 34.16 1191.61 45.71 21.20 3.70 1934 10.29 11.87 49.93 34.60 1238.81 51.29 26.49 4.02 8.75 1935 8.54 11.94 44.80 35.65 1240.74 46.23 31.44 2.74 10.28 R E 1931 1932 15.96 47.30 34.40 1383.67 56.68 37.72 3.53 9.72 8.40 7.96 26.67 23.13 37.90 39.74 1520.87 64.59 44.66 3.33 11.43 T 1938 7.26 9.45 18.91 14.11 36.25 28.92 1854.69 45.37 33.59 2.55 9.13 I 1939 7.15 5.21 16.71 16.37 32.60 24.06 1761.10 47.04 34.80 2.58 11.12 1940 8.42 6.14 26.22 30.40 28.03 20.58 1237.46 28.97 1.91 10.60 1941 9.05 5.68 26.57 32.83 15.26 9.95 1613.34 46.72 2.31 9.53 1942 18.53 6.15 12.30 7.50 7.52 6.05 954.28 39.16 2.99 11.09 A 10.20 1937 1936 O N & 1943 20.62 6.26 8.30 3.76 6.78 2.25 1267.16 73.45 3.65 19.68 1944 19.04 8.05 9.38 41.52 20.49 21.46 1609.76 88.66 5.52 32.03 1945 17.44 17.46 13.82 28.20 48.01 75.16 1217.05 82.18 5.81 22.43 1946 21.18 17.28 20.59 6.21 54.02 48.25 1341.31 93.44 7.63 33.15 1947 18.72 12.48 35.78 15.37 142.55 117.67 1437.00 143.68 10.41 41.40 1948 21.87 11.87 40.14 32.02 90.51 70.97 1887.18 133.86 10.12 40.52 T 1949 16.59 9.72 31.41 37.46 61.60 79.13 1356.89 1950 12.00 16.01 15.37 19.00 62.99 70.41 1677.45 110.36 106.86 10.10 35.37 116.43 12.40 40.73 R A D 1951 89.16 96.44 2060.12 136.32 15.61 53.43 1952 82.57 120.49 2063.72 117.92 16.26 49.61 43.58 E 1953 25.86 14.80 82.14 107.91 1966.40 109.80 11.31 1954 39.95 21.93 105.88 146.09 2122.77 89.98 16.24 47.99 1955 30.21 104.28 143.82 2154.56 96.56 9.93 44.38 162.92 1956 13.39 111.81 119.59 2244.12 105.50 13.00 45.11 1957 27.29 118.25 117.55 2335.92 124.81 9.00 53.00 1958 30.22 92.99 112.00 2170.44 110.48 11.26 44.68 1959 41.78 114.78 131.53 1894.14 93.73 6.79 43.98 1960 21.66 114.62 127.02 1741.68 88.83 9.77 57.11 43.46 12.44 266.75 41 42 TABLE 5: PUBLIC REVENUE PER HEAD IN US DOLLARS, 1900-1960 (1ST SECTION OF FOUR) 4.63 6.90 11.25 8.27 7.83 5.73 7.07 St. Vincent & Grenadines 3.27 1901 12.64 4.47 7.03 11.03 8.46 7.25 5.90 6.50 2.72 5.37 1902 13.72 3.98 6.38 10.82 8.84 6.77 6.42 6.60 3.00 5.55 1903 13.72 4.45 6.18 19.76 8.80 7.72 6.79 6.18 2.69 5.33 1904 13.57 4.51 6.05 21.27 8.14 7.80 5.57 6.39 2.84 5.21 1905 13.91 4.68 6.46 17.14 8.26 8.22 6.22 5.63 2.66 5.25 1906 12.30 5.07 6.50 18.17 8.37 9.55 6.42 5.39 2.52 5.36 1907 13.73 5.24 7.30 16.03 8.64 9.31 7.14 5.99 2.71 5.93 1908 12.90 4.74 6.60 17.90 8.50 8.33 6.54 5.79 2.95 5.41 1909 12.94 4.89 6.15 18.40 8.49 8.96 6.94 5.72 2.63 5.24 1910 14.09 6.05 6.62 24.34 8.91 10.17 6.94 5.59 2.74 5.96 T 1911 13.85 6.22 7.42 22.63 9.75 7.93 7.19 4.04 7.18 I 1912 13.36 6.60 24.60 8.13 8.04 I 1900 Trinidad & Tobago 12.65 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia Dominica Grenada 5.42 N T E G R A 13.66 6.03 25.31 8.32 7.21 12.74 6.07 24.72 8.39 9.44 1915 13.78 5.58 24.90 8.24 6.47 1916 13.57 8.00 12.03 7.55 7.52 1917 13.83 10.18 12.23 7.88 6.88 1918 14.61 8.60 14.65 7.96 7.53 1919 15.34 9.26 13.37 7.82 10.52 1920 17.94 8.38 15.61 6.45 10.04 1921 19.49 8.40 1922 19.65 11.30 1923 20.11 12.34 20.72 8.91 R 1924 18.37 13.91 33.29 15.60 15.45 18.10 9.32 5.86 5.67 7.41 A 1925 20.86 11.64 43.58 14.50 17.34 20.89 10.49 6.66 6.22 9.92 1926 21.79 10.87 45.83 15.69 16.65 22.91 10.99 7.24 5.86 9.94 1927 20.98 11.93 41.36 14.46 16.83 21.71 11.41 6.50 5.36 10.30 1928 21.77 12.15 43.56 13.27 18.73 20.68 10.88 7.00 6.14 10.00 1929 22.90 11.61 46.36 12.42 19.65 20.21 11.04 6.76 5.98 10.09 1930 21.62 11.01 37.42 12.69 15.75 22.28 10.38 6.15 6.30 8.85 O 1913 1914 N & T 14.22 6.99 8.65 8.37 10.41 10.54 Antigua & Barbuda St. Kitts & Nevis D E TABLE 5: PUBLIC REVENUE PER HEAD IN US DOLLARS, 1900-1960 (2ND SECTION OF FOUR) I T 9.84 29.17 12.95 13.22 15.60 8.97 5.38 St. Vincent & Grenadines 6.50 E 1932 14.13 8.79 19.93 12.45 11.29 12.16 7.09 4.58 5.07 8.68 1933 20.26 13.28 27.56 12.98 17.00 20.62 9.55 6.02 7.17 7.78 G 1934 19.59 12.81 21.50 16.98 17.57 11.66 10.12 5.82 7.29 8.45 R 1935 20.29 12.48 22.53 17.02 16.36 24.81 9.34 6.07 6.96 1936 29.67 12.57 15.50 16.90 28.49 9.57 7.76 7.04 7.71 8.57 14.90 16.66 1937 27.41 13.80 11.94 18.24 27.26 10.76 7.65 8.44 7.45 10.17 16.04 19.09 N 1931 Trinidad & Tobago 17.97 Barbados Bahamas A 38.41 Suriname Guyana Belize Jamaica St. Lucia Dominica Grenada Antigua & Barbuda St. Kitts & Nevis 8.16 8.77 T 27.21 13.52 28.19 11.68 17.58 30.13 11.38 6.39 8.13 6.45 8.98 13.63 20.09 22.41 12.46 23.62 12.02 14.88 33.90 10.25 7.37 6.81 5.60 6.96 13.94 17.38 1940 27.70 14.41 26.58 12.51 16.94 30.11 12.19 5.97 7.89 5.30 8.10 14.54 20.31 1941 31.69 17.10 30.83 12.70 20.15 26.89 13.84 9.31 7.82 7.11 8.54 18.69 20.96 1942 36.99 16.79 27.88 55.97 23.21 28.01 14.33 10.05 7.77 7.81 12.58 19.13 20.71 1943 45.87 19.68 35.96 49.93 27.78 31.72 18.29 11.02 10.84 9.80 14.22 22.61 21.33 1944 45.12 23.96 37.18 46.85 32.01 42.20 25.45 11.75 12.18 10.30 17.83 22.96 22.20 1945 47.43 31.97 31.94 24.89 29.21 41.92 24.19 15.76 12.48 10.69 20.38 29.24 25.15 1946 63.20 32.65 41.16 26.88 30.82 43.90 25.74 20.11 14.23 13.62 32.26 37.07 28.77 1947 52.95 35.86 72.67 35.05 38.67 47.82 28.03 15.45 18.02 15.17 32.07 35.71 33.30 1948 62.67 35.21 71.54 43.17 43.79 50.59 28.76 19.71 16.41 13.10 31.38 28.90 32.01 1949 48.09 24.20 47.57 38.68 30.98 56.79 20.22 21.36 14.43 10.89 20.67 36.82 35.26 1950 46.79 27.56 46.25 38.62 30.18 56.10 21.84 21.51 12.22 11.90 29.01 39.77 27.00 1951 52.86 35.25 36.90 33.41 51.20 27.31 23.42 13.61 28.13 50.77 35.25 1952 58.96 34.62 43.09 40.24 36.21 26.83 1953 58.48 36.63 43.79 41.72 28.24 1954 63.56 41.66 44.16 45.35 31.60 1955 68.79 41.46 46.59 49.90 34.86 1956 72.28 46.41 51.15 49.40 39.84 1957 80.84 51.32 57.94 52.28 46.47 1958 95.88 56.17 68.25 53.81 49.40 1959 100.68 53.36 68.48 51.99 53.98 1960 106.56 60.68 70.43 57.41 56.72 I 1938 1939 O N & T R A D E 43 44 TABLE 5: PUBLIC REVENUE PER HEAD IN US DOLLARS, 1900-1960 (3RD SECTION OF FOUR) Anguilla British V. Islands Cayman Islands Turks and Caicos Is Montserrat Martinique Guadeloupe Fr. Guyane Netherland Antilles Puerto Rico US Virgin Islands Cuba Haiti Dominican Republic 8.50 8.30 1902 7.94 9.36 2.69 1903 7.88 12.38 2.03 T 1904 5.84 15.72 2.25 E 1905 5.60 17.25 2.59 2.54 1906 6.07 15.65 1.98 5.56 1907 6.55 16.11 2.44 5.73 1908 6.52 13.21 3.00 5.90 1909 6.79 15.99 2.56 5.37 1910 7.53 4.83 15.94 2.37 6.35 T 1911 7.20 3.88 16.32 2.77 6.09 I 1912 6.77 16.67 3.16 6.23 1913 7.52 12.56 2.97 6.48 1914 8.42 22.84 3.12 5.49 1915 9.95 15.71 3.15 5.50 1916 7.44 19.41 2.36 5.64 1917 8.85 23.64 1.91 7.90 1918 9.51 24.83 1.47 8.22 1919 10.93 32.19 2.79 9.89 1920 13.08 36.68 3.20 10.61 1921 9.07 18.91 1.86 9.96 1922 8.92 23.76 2.29 12.33 I 1900 1901 N G R A O N & T 1923 R 1924 4.81 8.01 2.72 3.25 3.34 7.31 28.84 2.89 6.13 9.34 29.14 2.94 8.28 A D E 1925 6.03 8.81 9.88 26.40 3.52 10.09 1926 5.97 8.91 9.71 23.77 3.91 12.40 1927 5.03 10.75 9.55 23.86 3.34 12.85 1928 4.95 13.52 10.06 22.53 4.23 12.43 1929 5.69 9.97 9.88 21.53 4.18 12.04 1930 4.79 8.21 8.42 16.45 3.55 7.79 TABLE 5: PUBLIC REVENUE PER HEAD IN US DOLLARS, 1900-1960 (4TH SECTION OF FOUR) I Cayman Islands Turks and Caicos Is 1931 1932 4.39 4.53 8.53 5.94 1933 5.78 G 1934 4.78 R 1935 10.28 N Anguilla British V. Islands Netherland Antilles US Virgin Islands T Cuba Haiti Dominican Republic 10.14 8.06 11.86 11.10 2.60 2.24 5.44 5.29 9.64 6.67 11.61 2.91 6.07 6.44 8.89 16.09 2.86 6.46 9.94 8.70 15.97 2.29 7.44 Montserrat Martinique Guadeloupe Fr. Guyane Puerto Rico E A T 3.98 9.13 18.98 2.63 7.22 1937 11.67 10.67 18.25 2.59 7.66 1938 6.54 9.82 11.76 11.05 2.04 7.45 1939 5.79 4.69 6.64 9.79 17.40 2.23 7.25 1940 6.15 5.07 9.94 11.24 17.79 1.91 7.07 1941 6.69 8.10 16.43 11.05 17.71 1.89 7.46 1942 6.80 11.93 10.85 19.66 22.81 1.80 8.96 1943 11.09 17.54 22.82 22.38 26.16 2.27 10.39 1944 9.46 13.24 22.73 54.03 30.30 2.86 12.81 1945 16.50 18.32 39.58 38.86 31.67 2.84 14.08 1946 19.48 19.39 39.26 39.67 39.46 3.01 20.91 1947 10.42 21.28 25.68 41.86 53.28 4.31 28.43 1948 32.82 27.21 49.74 46.77 45.63 5.19 31.73 1949 24.97 19.41 44.49 50.13 42.52 5.41 30.59 1950 10.52 29.58 35.04 55.18 51.87 7.04 35.58 1951 28.15 60.67 58.37 7.87 40.41 1952 57.15 53.98 8.96 41.41 1953 62.11 46.32 8.14 49.39 1954 65.24 50.58 9.41 44.79 1955 66.57 53.48 9.25 50.16 1956 71.36 58.77 8.98 51.07 1957 78.69 59.78 8.18 55.88 1958 80.33 62.55 8.22 53.76 1959 87.93 9.19 51.42 1960 98.81 I 1936 O N & T R A D E 59.08 46.93 45 46 TABLE 6: EXPORTS PER HEAD, 1960-1998 (1ST SECTION OF TWO) I N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 Trinidad & Tobago 381.76 474.08 469.33 496.42 536.87 530.66 331.52 342.59 344.15 353.21 362.00 390.66 433.69 580.36 1154.75 1278.92 1365.02 1502.54 1495.79 1948.49 2907.42 2780.74 2486.06 2097.33 2143.54 2038.32 1339.84 1355.83 1450.69 1521.89 1821.95 1772.58 1878.77 1619.06 1839.39 2292.66 2344.03 2417.49 2052.39 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia 165.62 181.35 213.01 257.43 241.00 284.72 327.51 349.38 365.53 398.91 451.51 520.06 625.70 705.93 867.72 824.97 794.15 993.59 1295.22 1779.20 2422.48 2263.92 2518.07 2942.85 3260.28 3208.55 2933.92 2623.17 2943.56 3342.26 3255.44 3078.95 3349.24 3596.38 4070.83 4676.45 5135.51 5382.12 5584.88 467.63 572.94 442.25 491.75 595.97 598.19 761.02 854.29 890.94 1430.99 1508.74 2282.16 2117.36 3280.11 3762.16 3766.67 3593.78 3615.23 4159.70 4623.30 5522.86 5406.54 5281.28 5633.93 5790.83 6646.55 6841.10 6927.08 6646.53 6770.40 6312.19 6039.54 5606.45 5208.62 5574.33 6224.64 6703.66 7630.23 8833.66 179.19 167.26 164.62 176.75 178.94 210.83 305.68 341.32 364.93 407.90 419.08 479.52 534.32 526.77 797.53 888.37 976.92 1093.87 1241.49 1407.51 1726.44 1591.86 1394.43 1152.62 1101.92 976.39 918.42 986.25 1088.46 1409.19 1211.03 910.92 896.48 579.90 1383.35 1250.52 1159.03 1188.23 1701.27 145.78 165.38 183.84 179.66 176.48 182.67 190.71 213.29 194.66 211.22 213.26 229.88 227.08 220.63 406.31 504.77 406.75 382.89 427.96 421.37 646.01 513.25 328.71 287.06 245.03 274.99 294.52 355.43 331.53 317.08 312.81 359.74 584.57 653.12 689.45 758.02 853.34 878.18 813.14 86.49 92.11 88.73 128.46 128.42 113.44 121.73 124.70 130.53 142.78 156.69 158.40 207.22 258.86 355.35 517.54 321.53 460.94 576.73 610.09 738.70 687.17 558.99 590.80 812.96 609.92 741.46 954.99 1086.93 1176.39 1357.63 1242.15 1420.34 1393.76 1359.71 1360.64 1388.94 1405.66 1381.55 169.82 179.49 182.12 196.98 206.16 187.58 235.06 237.34 228.04 247.23 260.17 285.99 306.27 308.21 430.99 506.15 427.05 474.44 520.34 562.76 634.86 609.56 507.23 506.37 584.97 503.89 573.67 650.09 707.38 815.25 916.27 851.20 897.83 937.90 992.42 993.29 921.08 825.77 1228.84 53.05 56.98 70.69 69.23 83.56 88.71 112.62 112.28 97.36 134.72 173.72 219.34 221.64 231.36 267.67 275.56 282.59 344.10 466.40 572.27 773.42 671.30 694.89 811.51 844.20 930.67 1319.65 1406.25 1835.89 1889.56 2149.14 2218.38 2361.78 2379.56 2382.62 2605.23 2523.13 2489.97 2604.78 St. Vincent & Grenadines 49.41 47.28 46.42 47.12 58.78 53.57 57.77 54.66 60.39 72.98 90.33 106.88 106.30 111.62 144.63 139.53 131.76 166.73 285.82 291.85 338.82 435.08 505.36 573.95 704.90 805.47 904.76 877.88 1188.99 1091.74 1218.71 1039.71 1270.08 1088.75 1019.80 1228.03 1301.87 1247.34 1402.84 Dominica Grenada 66.05 69.24 82.11 75.90 94.06 106.57 103.80 101.63 103.13 125.24 157.90 165.63 167.59 160.82 184.31 200.70 183.36 209.21 267.45 170.67 177.23 306.70 399.46 443.90 433.43 489.75 815.37 921.31 1079.56 997.02 1255.45 1282.15 1385.62 1350.06 1391.50 1427.35 1562.00 1721.12 1895.91 80.27 85.75 80.48 77.73 90.08 95.83 109.45 118.46 114.88 149.33 195.35 205.62 197.91 194.03 162.75 220.19 230.97 295.94 374.22 445.38 439.43 441.53 429.10 435.76 465.50 613.17 841.52 877.89 942.17 924.04 1002.10 1050.69 1060.04 1308.10 1336.88 1316.40 1286.32 1330.89 1352.39 Antigua & Barbuda 130.33 160.64 175.34 183.55 180.48 248.49 328.69 283.64 303.02 344.11 429.75 518.94 563.23 581.05 855.44 827.18 438.88 510.30 750.51 1233.50 1214.39 1489.17 1523.83 1526.46 2098.53 2446.48 3315.70 3631.51 4219.53 4755.08 5442.36 5755.53 6317.15 6789.57 6786.89 6164.69 6456.83 6564.31 6898.85 St. Kitts & Nevis 144.64 142.69 139.80 150.85 162.79 175.65 190.85 207.42 225.39 244.88 266.13 286.44 307.62 331.12 356.43 382.82 412.12 436.08 495.52 545.09 723.22 763.09 662.05 652.91 882.88 1010.18 1358.02 1628.55 1776.13 1871.17 1966.85 2456.14 2852.18 2948.46 3079.41 2876.99 3096.51 3570.78 3656.39 TABLE 6: EXPORTS PER HEAD, 1960-1998 (2ND SECTION OF TWO) I Anguilla N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 147.54 165.48 185.61 208.18 233.50 261.89 293.75 329.47 369.54 414.48 464.89 531.03 606.57 692.86 791.42 904.01 1001.26 1108.97 1228.27 1360.41 1506.75 1721.10 1965.94 2245.60 2565.05 2929.95 3258.56 3624.02 4030.46 4831.49 5146.76 5206.81 5246.31 5981.10 6622.38 5607.41 5900.00 6148.15 7289.56 British V. Islands 116.70 174.35 247.60 273.43 282.65 332.51 341.61 409.22 671.90 798.15 975.16 836.03 715.99 877.37 1065.29 1247.50 1299.57 1634.15 1968.74 2980.25 3681.30 4082.77 4528.03 5021.85 5569.52 6176.92 7689.34 9181.76 10254.81 9837.67 9437.50 9217.78 9003.18 8793.57 8588.85 8388.89 8388.89 8388.89 7947.37 Cayman Islands 184.21 217.56 256.95 303.48 358.42 423.32 499.96 580.90 597.77 706.00 839.79 966.70 1343.37 1650.48 2036.43 2260.85 2499.52 2843.92 3147.39 3664.67 5921.00 6654.02 6810.47 6724.02 6927.25 6917.78 7255.54 8455.28 9618.49 10340.53 11040.93 9860.31 11827.49 10628.55 10693.32 12512.49 11380.66 12446.50 13333.39 Turks and Caicos Is 106.44 111.17 123.19 148.09 148.80 178.87 209.91 152.17 189.10 212.49 446.70 507.40 576.35 654.68 743.65 844.70 959.49 1089.89 1238.00 1406.24 1597.34 1793.96 2001.10 2232.15 2489.89 2777.38 3053.20 3084.25 3105.26 3582.17 3996.03 3622.03 3540.20 3460.22 3382.04 3305.63 3109.97 2938.95 2962.49 Montserrat 95.82 104.95 125.56 136.91 202.35 248.17 277.13 306.59 345.36 372.58 400.26 385.61 541.95 575.49 611.11 648.93 689.10 731.75 777.04 825.13 876.20 938.56 1005.36 1076.92 1153.57 1235.67 1302.60 1373.15 1447.52 1525.92 1608.57 1723.05 1845.69 2117.77 2117.77 76.92 76.92 76.92 76.92 Martinique Guadeloupe 30.68 32.14 35.41 45.15 47.50 53.96 54.06 60.55 62.14 74.87 92.58 105.29 157.53 168.89 222.53 289.11 378.51 391.36 382.02 408.33 383.75 504.16 461.96 499.29 461.50 475.74 629.19 563.86 597.20 630.07 831.70 744.70 768.61 610.79 689.40 867.73 811.35 603.22 854.98 136.66 137.59 132.60 140.85 126.84 135.50 132.91 124.68 144.76 153.80 175.81 179.16 169.13 218.77 216.06 255.29 279.55 251.14 344.74 371.89 331.46 292.61 261.04 226.83 248.79 227.92 326.32 419.66 472.59 492.45 643.95 695.78 830.20 988.55 1119.07 1244.57 1135.97 981.22 956.75 Fr. Guyane 24.67 27.34 36.57 37.47 50.67 60.98 80.75 117.04 138.65 128.26 113.37 68.41 104.78 101.07 29.79 43.51 67.36 118.44 104.49 247.49 355.48 495.02 441.11 491.01 1351.06 2080.63 1869.65 1974.63 5902.96 5682.27 6892.70 8690.03 7692.96 6394.47 6635.89 7998.50 10000.48 8769.72 6919.66 Netherlands Antilles 846.67 897.03 856.90 809.00 761.84 717.12 757.84 374.58 434.50 452.17 551.57 707.58 1552.26 1879.24 2774.20 3206.63 3983.04 4562.56 4832.78 6374.13 7331.03 8066.87 7366.91 6061.11 6312.37 5821.04 6026.66 5459.18 6097.43 7748.88 9445.91 8285.83 7944.76 6437.85 6800.20 6936.59 9009.92 7294.79 5924.43 Aruba Puerto Rico 555.19 602.99 654.92 711.31 772.56 839.09 911.34 989.82 1075.05 1167.62 1268.16 1377.37 1496.50 1625.94 1766.58 1919.38 2085.39 2265.77 2461.74 2674.67 2906.02 3157.37 3443.95 3756.53 4097.12 4093.39 4089.66 5087.09 6775.33 7341.15 8591.27 20021.04 23005.72 22552.68 23912.96 23816.53 28485.68 27851.05 26833.58 375.32 352.50 387.87 428.42 456.02 485.35 559.85 643.69 706.60 774.77 820.68 844.51 902.01 1097.47 1384.62 1317.03 1379.24 1950.54 2152.09 2597.31 2932.66 3363.87 3601.34 3445.64 3861.11 4058.13 4292.68 4604.52 5058.70 5784.69 6764.45 7400.26 7239.04 6730.87 7311.84 7909.45 7589.39 7269.33 7253.89 Virgin Islands U.S 4902.16 4842.39 4788.32 4727.76 4663.29 4607.51 4511.64 4421.89 4330.68 4247.44 4158.73 4883.28 6037.06 7228.18 8927.60 11311.45 14656.95 20021.70 25667.38 33966.48 44484.54 41071.14 36808.21 33673.91 30247.20 28477.84 26688.45 25012.04 23665.77 23328.16 27070.06 23713.75 21289.28 19867.63 25380.57 26569.80 31642.11 29567.64 22316.99 Cuba Haiti 88.48 87.61 71.82 73.36 93.80 88.47 74.26 87.36 78.59 76.48 122.42 99.06 87.00 127.60 244.26 317.21 285.68 305.84 356.92 359.98 408.55 434.39 503.32 559.26 547.93 592.29 522.11 524.98 530.07 498.00 475.48 331.87 233.04 181.07 232.87 266.87 336.42 351.03 376.65 14.20 11.68 13.78 13.24 10.66 10.79 10.82 9.37 10.63 10.90 12.04 13.20 12.66 14.71 17.44 21.48 29.44 35.58 39.36 41.58 59.05 45.64 52.83 50.56 55.19 54.46 56.07 55.54 55.31 56.48 73.69 57.63 17.22 22.48 19.32 33.50 35.21 31.53 58.18 Dominican Republic 53.27 45.53 56.96 54.64 54.80 38.05 40.94 46.20 47.79 52.90 57.86 60.36 87.93 106.96 148.23 197.62 159.48 173.05 152.36 203.93 223.10 259.53 191.51 203.68 467.34 222.71 228.78 223.49 260.48 321.49 336.55 295.02 312.13 384.21 429.33 472.22 513.11 584.31 587.44 47 48 TABLE 7: SPENDING ON EDUCATION PER HEAD, 1960-1998 (1ST SECTION OF TWO) I N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 Trinidad & Tobago 19.58 20.18 20.94 21.82 22.67 23.54 24.84 25.80 23.58 24.84 26.26 32.96 42.09 51.35 60.92 71.54 81.42 105.44 134.34 170.91 217.15 227.17 395.91 391.53 392.35 361.14 211.76 236.68 180.75 150.03 152.64 179.02 154.43 125.46 157.48 152.76 147.31 152.65 162.46 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia 25.79 26.85 28.84 30.97 33.27 35.74 38.40 40.70 38.01 40.85 43.90 52.40 63.31 73.07 82.12 98.42 116.23 136.03 159.15 187.85 218.19 259.70 227.47 240.76 275.73 295.97 317.57 340.75 364.90 452.31 521.51 476.54 410.50 451.61 458.00 468.77 488.46 500.25 522.91 16.20 17.71 20.24 23.18 28.22 38.38 48.99 62.65 80.25 102.31 133.11 140.66 147.60 155.82 163.65 171.96 188.05 205.74 225.19 245.38 268.81 294.58 321.46 347.77 347.16 370.69 393.64 429.58 436.33 444.40 490.62 440.15 438.12 434.51 430.27 424.68 419.37 520.76 537.41 39.13 36.48 37.08 34.51 34.31 34.18 38.37 45.71 44.69 43.12 43.48 47.62 54.86 60.37 67.27 77.92 92.74 105.04 119.82 139.54 166.02 190.36 212.48 237.08 229.29 229.18 261.30 277.94 294.77 313.53 347.98 369.36 500.59 528.89 61.23 62.13 83.20 144.69 133.30 4.51 5.59 6.94 8.63 10.75 13.38 14.32 15.13 14.10 15.16 16.36 19.49 22.07 26.04 29.34 33.03 35.42 41.12 47.71 55.31 64.07 67.22 51.43 51.66 39.81 48.08 53.63 28.23 40.53 22.16 16.72 9.27 17.78 21.49 25.09 27.72 39.09 43.35 42.74 5.84 6.98 7.53 8.02 9.57 11.10 12.33 13.54 13.14 14.71 16.50 18.28 20.53 22.05 22.99 23.68 20.87 25.11 27.09 29.20 31.51 35.40 39.79 44.99 50.30 56.54 62.69 69.52 77.08 90.28 100.63 103.45 123.79 138.16 148.42 139.59 138.26 161.66 166.98 16.76 16.81 16.83 16.83 16.84 16.89 18.96 21.02 20.55 23.10 25.94 33.47 46.78 51.22 65.51 84.54 95.58 108.23 78.88 71.48 79.95 92.94 107.65 114.83 57.77 42.81 53.84 56.03 85.39 89.80 85.25 63.85 54.90 89.45 85.71 114.01 155.43 202.15 218.08 4.93 5.05 6.08 6.31 6.59 10.02 11.82 13.58 14.12 16.68 19.61 23.49 27.11 29.79 31.90 35.29 34.31 38.89 45.58 53.42 62.62 73.11 85.30 91.43 97.93 104.83 112.25 128.68 147.43 169.07 193.78 222.15 256.21 291.92 332.74 336.24 332.58 328.28 327.97 St. Vincent & Grenadines 5.61 5.83 7.12 7.49 7.42 9.70 10.58 11.23 10.78 11.75 11.93 14.34 17.49 20.34 23.01 25.82 23.88 25.78 28.74 32.04 35.74 39.89 44.54 49.74 55.55 62.02 69.24 77.11 85.87 95.64 97.22 99.45 107.84 112.13 112.08 121.12 125.36 135.08 151.79 Dominica Grenada 5.49 5.80 6.95 6.65 7.28 8.05 9.15 10.14 10.16 11.56 13.15 15.15 17.72 19.94 21.82 23.64 22.47 24.89 28.47 32.53 37.11 41.99 48.51 56.04 64.74 74.79 86.40 94.37 103.57 112.87 123.01 137.35 143.64 155.67 160.54 158.80 175.55 192.29 200.91 5.64 6.00 7.11 8.18 9.10 9.95 12.60 15.53 17.32 21.94 27.78 33.60 41.26 48.33 46.88 45.13 40.28 41.95 45.12 48.53 52.20 56.60 63.08 67.87 72.63 79.01 78.80 78.59 83.61 132.01 120.69 125.83 121.74 120.82 125.16 128.94 141.52 148.54 155.54 Antigua & Barbuda 6.31 8.97 7.91 9.83 10.35 12.89 16.01 19.29 21.07 26.28 33.08 35.10 38.12 39.72 40.34 47.00 41.78 43.25 46.14 49.13 52.22 75.65 68.16 69.75 71.32 70.16 68.83 67.49 66.18 64.89 63.66 61.24 64.46 66.80 72.83 71.48 71.84 78.22 80.60 St. Kitts & Nevis 6.86 7.85 10.83 10.76 10.68 11.40 12.26 12.82 12.14 13.05 14.03 16.43 19.49 22.10 24.39 26.64 26.99 31.36 37.97 46.15 55.06 55.45 81.32 87.83 95.84 103.10 97.81 92.46 84.91 101.00 99.58 106.33 134.47 153.22 174.50 198.74 214.72 226.83 252.24 TABLE 7: SPENDING ON EDUCATION PER HEAD, 1960-1998 (2ND SECTION OF TWO) I Anguilla N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 7.82 8.71 11.59 11.05 10.81 11.24 11.68 11.80 10.81 11.23 11.67 13.57 16.03 18.05 19.79 21.51 21.09 24.13 28.51 33.68 39.79 48.49 59.08 71.99 87.72 99.05 110.71 141.30 161.84 199.75 219.54 230.68 226.54 231.83 229.92 232.26 259.26 276.09 333.33 British V. Islands 14.85 18.16 17.50 17.78 17.06 22.01 31.41 26.83 30.75 51.64 56.94 61.50 62.22 60.79 75.27 72.91 85.55 88.73 109.24 134.50 165.60 197.20 234.82 279.61 334.05 346.15 354.21 368.12 393.89 475.60 487.50 677.60 715.48 751.24 796.32 838.89 905.56 977.78 1000.00 Cayman Islands 6.93 8.28 9.90 11.84 14.16 16.93 21.28 26.31 28.82 36.23 45.86 56.19 72.18 87.23 105.28 129.82 134.73 139.82 145.11 150.59 158.03 193.09 235.93 288.28 352.23 394.66 379.02 468.00 499.40 527.58 644.86 663.55 713.73 767.05 713.15 748.87 816.78 933.66 1000.00 Turks and Caicos Is 6.49 7.21 9.86 10.58 10.95 13.81 16.14 20.78 24.02 19.25 30.00 47.07 73.85 115.86 181.78 111.54 115.90 120.44 125.15 130.05 135.14 145.37 156.38 168.22 173.32 170.00 168.89 180.24 201.02 216.26 252.50 306.24 308.76 311.30 313.85 316.43 310.00 305.00 320.63 Montserrat 8.90 14.02 12.42 13.22 14.90 19.04 13.83 18.13 21.52 28.99 39.07 52.39 61.33 68.50 74.44 80.23 73.92 73.82 80.09 83.36 86.77 91.11 95.66 100.45 105.47 110.74 114.43 118.25 122.19 126.26 130.47 136.99 143.84 151.03 158.58 166.51 83.19 83.19 83.19 Martinique Guadeloupe 32.43 36.27 42.75 47.95 62.16 65.20 68.44 71.98 88.45 104.12 110.09 127.75 164.13 217.67 230.28 335.42 359.70 424.32 533.02 640.02 675.55 612.01 577.60 533.98 487.76 496.88 677.28 819.98 869.32 852.79 1026.88 1017.90 1407.49 1349.49 1429.76 1651.76 1675.54 1527.20 1571.21 24.73 27.71 32.63 36.57 47.36 54.21 61.90 70.78 81.28 89.45 97.23 108.43 139.42 186.05 202.96 265.28 281.50 323.93 417.26 523.70 623.84 569.41 540.60 497.04 433.35 421.37 550.93 639.81 727.84 753.20 926.68 926.36 1245.52 1194.17 1276.22 1396.71 1553.55 1378.03 1435.51 Fr. Guyane 2.77 2.77 5.52 10.99 21.88 43.56 49.18 54.28 69.53 75.19 112.60 106.01 135.52 179.81 195.01 254.78 265.92 300.99 381.36 470.79 551.61 504.57 475.03 439.57 390.49 386.87 523.23 628.57 661.23 643.63 786.38 777.18 1140.60 1119.96 1146.56 1278.36 1259.28 1113.84 1112.69 Netherlands Antilles 98.64 101.89 105.37 109.01 112.72 116.41 120.11 123.79 127.59 131.75 136.42 141.80 154.40 156.05 157.72 159.28 160.75 162.12 163.43 164.77 166.21 167.71 184.95 204.00 225.10 248.48 274.33 302.84 334.20 369.92 408.31 438.00 486.55 548.32 567.45 587.68 609.16 632.03 656.27 Aruba Puerto Rico 82.02 85.68 89.49 93.48 97.65 102.00 106.55 111.30 116.26 121.44 126.85 132.67 145.06 153.53 162.48 171.97 182.00 192.62 203.86 215.75 228.34 241.67 271.47 304.96 342.57 384.82 434.70 457.21 573.81 662.38 649.83 630.63 694.17 676.36 749.67 692.55 655.45 632.28 621.90 58.27 58.40 58.33 58.20 58.21 58.48 68.88 81.46 96.49 114.06 134.29 141.41 148.38 155.40 162.88 195.22 211.27 223.47 234.54 252.92 280.18 302.27 297.91 301.68 301.54 315.23 331.90 355.46 386.62 416.13 431.78 442.78 464.48 483.76 532.38 576.82 625.78 680.44 742.09 Virgin Islands U.S 114.81 118.52 122.47 126.36 130.24 134.48 149.23 165.75 183.96 204.47 226.98 277.72 357.76 446.33 574.44 431.91 453.37 501.69 521.00 558.51 592.78 660.20 704.90 676.92 687.04 761.90 841.03 928.40 1034.68 1153.40 1209.23 1461.96 1784.89 2015.78 2328.27 3029.54 4076.96 5147.13 7916.75 Cuba Haiti 6.71 18.26 26.05 44.67 35.94 37.30 37.65 38.40 39.22 40.11 41.21 49.78 60.16 72.71 80.34 86.88 93.87 101.42 109.84 119.15 130.48 143.69 148.67 145.08 167.85 167.12 170.88 168.34 169.74 168.97 164.56 147.45 139.21 131.57 132.28 134.53 139.27 145.67 152.39 1.19 1.18 1.18 1.17 1.16 1.15 1.06 0.98 0.90 0.83 0.77 0.83 0.90 0.97 1.00 1.26 1.59 2.01 2.53 3.18 4.00 3.08 3.15 3.36 3.61 4.01 6.18 6.82 6.41 6.73 6.68 5.14 3.35 2.45 2.08 4.59 4.29 5.58 6.32 Dominican Republic 6.75 6.17 7.91 7.90 8.60 5.81 7.33 7.82 8.35 8.92 9.54 9.74 9.93 10.94 12.06 13.31 14.68 16.64 18.88 21.42 24.31 27.02 26.85 28.85 30.98 11.81 12.03 14.15 11.94 13.30 11.80 10.37 16.18 21.27 27.00 29.61 32.91 44.22 45.64 49 50 TABLE 8: NOMINAL EXCHANGE RATES, 1960-1998 (1ST SECTION OF TWO) I N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 Trinidad & Tobago 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.74 2.00 2.00 2.00 1.97 1.92 1.96 2.05 2.17 2.44 2.40 2.40 2.40 2.40 2.40 2.40 2.40 2.40 2.45 3.60 3.60 3.84 4.25 4.25 4.25 4.25 5.35 5.92 5.95 6.01 6.25 6.30 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.74 2.00 2.00 2.00 1.97 1.92 1.96 2.05 2.02 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 1.02 1.0 2 1.0 2 1.0 2 1.0 2 1.0 2 1.0 2 1.0 2 1.0 2 1.02 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.0 0 1.0 0 1.0 0 1.0 0 1.0 0 1.0 0 1.0 0 1.0 0 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.88 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 1.78 134.12 442.23 401.26 401.00 401.00 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.74 2.00 2.00 2.00 1.99 2.09 2.11 2.23 2.36 2.55 2.55 2.55 2.55 2.55 2.81 3.00 3.00 3.83 4.25 4.27 9.76 10.00 27.16 39.53 111.81 125.00 126.73 138.29 141.99 140.38 142.40 150.52 1.43 1.43 1.43 1.43 1.43 1.43 1.43 1.45 1.67 1.67 1.67 1.64 1.60 1.63 1.71 1.81 2.23 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 0.71 0.71 0.71 0.71 0.71 0.71 0.71 0.72 0.83 0.83 0.83 0.83 0.77 0.90 0.91 0.91 0.91 0.91 1.41 1.76 1.78 1.78 1.78 1.93 3.94 5.56 5.48 5.49 5.49 5.74 7.18 12.12 22.96 24.95 33.09 35.14 37.12 35.40 36.55 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.76 2.00 2.00 2.00 1.97 1.92 1.96 2.05 2.17 2.61 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 St. Vincent & Grenadines 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.76 2.00 2.00 2.00 1.97 1.92 1.96 2.05 2.17 2.61 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 Dominica Grenada 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.76 2.00 2.00 2.00 1.97 1.92 1.96 2.05 2.17 2.61 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.76 2.00 2.00 2.00 1.97 1.92 1.96 2.05 2.17 2.61 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 Antigua & Barbuda 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.76 2.00 2.00 2.00 1.97 1.92 1.96 2.05 2.17 2.61 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 St. Kitts & Nevis 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.76 2.00 2.00 2.00 1.97 1.92 1.96 2.05 2.17 2.61 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 TABLE 8: NOMINAL EXCHANGE RATES, 1960-1998 (2ND SECTION OF TWO) I Anguilla N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.76 2.00 2.00 2.00 1.97 1.92 1.96 2.05 2.17 2.61 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 British V. Islands 1.0 0 1.0 0 1.0 0 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Cayman Islands 0.71 0.71 0.71 0.71 0.71 0.71 0.71 0.73 0.83 0.83 0.83 0.83 0.80 0.82 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 Turks and Caicos Is 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Montserrat 1.71 1.71 1.71 1.71 1.71 1.71 1.71 1.76 2.00 2.00 2.00 1.97 1.92 1.96 2.05 2.17 2.61 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 Martinique Guadeloupe 4.90 4.91 4.90 4.90 4.90 4.90 4.91 4.92 4.95 5.20 5.53 5.51 5.05 4.46 4.81 4.29 4.78 4.91 4.51 4.25 4.23 5.43 6.57 7.62 8.74 8.99 6.93 6.01 5.96 6.38 5.45 5.64 5.29 5.66 5.55 4.99 5.12 5.84 5.90 4.90 4.91 4.90 4.90 4.90 4.90 4.91 4.92 4.95 5.20 5.53 5.51 5.05 4.46 4.81 4.29 4.78 4.91 4.51 4.25 4.23 5.43 6.57 7.62 8.74 8.99 6.93 6.01 5.96 6.38 5.45 5.64 5.29 5.66 5.55 4.99 5.12 5.84 5.90 Fr. Guyane 4.90 4.91 4.90 4.90 4.90 4.90 4.91 4.92 4.95 5.20 5.53 5.51 5.05 4.46 4.81 4.29 4.78 4.91 4.51 4.25 4.23 5.43 6.57 7.62 8.74 8.99 6.93 6.01 5.96 6.38 5.45 5.64 5.29 5.66 5.55 4.99 5.12 5.84 5.90 Netherlands Antilles 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.88 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 Aruba Puerto Rico 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.89 1.88 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Virgin Islands U.S 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Cuba Haiti 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 6.03 9.80 12.82 15.04 15.11 15.70 16.65 16.77 Dominican Republic 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 3.11 2.90 3.84 6.11 6.34 8.53 12.69 12.77 12.68 13.16 13.60 13.77 14.27 15.27 51 52 TABLE 9: INFLATION, 1960-1998 (1ST SECTION OF TWO) I N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 Trinidad & Tobago 2.10 1.52 2.98 3.76 0.86 1.78 4.09 2.14 8.23 2.44 2.52 3.53 9.30 14.81 22.02 16.98 10.69 11.74 10.26 14.72 17.47 14.33 11.63 15.17 13.33 7.62 7.69 10.75 7.76 11.43 11.06 3.78 6.44 10.84 8.81 5.18 3.40 3.63 5.61 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia 1.00 -1.00 -4.60 18.50 -5.40 -5.10 3.60 3.63 7.49 5.84 7.28 7.47 11.88 16.86 38.92 20.29 4.99 8.35 9.48 13.17 14.43 14.57 10.33 5.23 4.69 3.92 1.33 3.31 4.86 6.19 3.07 6.26 6.09 1.11 0.08 1.88 2.39 7.71 -1.27 1.00 1.20 1.10 1.30 1.50 2.00 3.80 5.44 4.54 8.94 6.15 4.61 6.83 5.48 13.07 10.36 4.26 3.19 6.11 9.09 12.10 11.11 6.01 4.00 3.97 4.61 5.43 5.76 4.40 5.39 4.67 7.11 5.74 2.71 1.41 2.07 1.38 0.54 1.34 2.90 1.71 2.10 2.06 4.23 1.93 4.74 10.69 0.16 11.27 2.59 0.22 3.23 12.94 16.88 8.45 10.07 9.73 8.82 14.84 14.11 8.79 7.28 4.41 3.69 10.87 18.69 53.39 7.31 0.77 21.74 25.97 43.67 143.51 368.48 235.56 -0.70 7.15 21.10 0.80 1.10 3.50 2.00 0.30 2.70 2.10 3.00 3.10 1.30 3.30 1.00 4.90 7.60 17.40 7.90 9.00 8.20 15.20 17.80 14.10 22.10 21.10 14.90 25.20 15.00 7.90 28.70 39.90 53.10 61.10 134.70 9.70 15.50 19.70 12.21 7.09 3.56 4.59 1.00 1.80 1.40 0.90 2.10 5.60 5.80 3.20 1.70 0.20 7.40 5.10 -1.20 14.70 21.70 16.90 1.20 2.20 7.40 3.60 11.40 11.22 6.84 5.00 3.38 4.15 0.79 2.02 5.32 0.00 3.03 2.23 2.42 1.48 2.59 2.89 6.40 1.05 -0.87 3.30 6.70 1.41 1.76 2.01 2.63 1.90 3.02 5.93 6.30 14.73 5.34 5.43 17.68 27.16 17.38 9.79 11.19 34.90 29.08 27.31 12.74 6.55 11.58 27.81 25.67 15.11 6.65 8.27 14.33 21.96 51.07 77.30 22.07 35.06 19.91 26.41 9.66 8.63 1.00 0.00 3.00 1.50 2.30 2.00 2.48 3.21 3.97 2.25 13.40 8.39 7.88 13.44 34.22 17.74 9.67 8.87 10.88 9.39 19.48 15.12 4.61 1.47 1.21 1.42 2.01 7.56 0.78 4.05 4.73 5.69 5.07 1.13 2.65 5.84 0.97 0.00 2.00 St. Vincent & Grenadines 1.00 0.00 3.00 1.50 2.30 2.00 2.50 3.20 4.00 2.30 13.40 8.40 7.90 13.40 34.20 6.80 11.29 10.19 8.43 15.61 17.21 12.74 7.23 5.46 2.70 2.14 1.03 3.31 0.23 2.83 7.61 5.49 3.46 4.29 1.01 1.74 4.41 0.44 2.14 Dominica Grenada 1.00 0.00 3.00 1.50 2.30 2.00 4.00 0.95 5.37 4.22 12.39 3.64 3.69 12.10 34.38 19.90 10.90 9.50 7.80 20.00 30.60 13.27 4.39 4.15 2.22 3.74 2.77 4.02 2.92 6.22 3.19 5.56 5.47 1.57 0.02 1.32 1.68 2.44 1.00 1.00 0.00 3.00 1.50 2.30 2.00 4.00 1.00 5.40 4.20 12.40 3.60 3.70 12.10 34.40 19.90 10.90 18.46 18.14 20.88 21.82 18.79 7.81 6.10 5.66 2.50 0.56 -0.87 4.00 5.59 2.72 2.64 3.78 2.81 3.77 1.87 2.03 1.24 1.00 Antigua & Barbuda 1.00 0.00 3.00 1.50 2.30 2.00 4.00 1.00 5.40 4.20 12.40 3.60 3.70 12.10 34.40 19.90 10.90 13.80 6.10 16.30 18.10 8.60 10.70 6.10 3.10 7.70 8.10 7.60 12.10 4.20 2.30 2.70 2.40 2.20 3.00 3.00 4.00 3.00 3.00 St. Kitts & Nevis 1.00 0.00 3.00 1.50 2.30 2.00 4.00 1.00 5.40 4.20 12.40 3.60 3.70 12.10 34.40 19.90 10.90 13.80 6.10 16.30 17.74 10.48 5.93 2.29 2.71 2.62 0.02 0.94 0.23 5.09 4.24 4.18 2.87 1.79 2.64 2.68 2.52 2.70 2.70 TABLE 9: INFLATION, 1960-1998 (2ND SECTION OF TWO) I Anguilla N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1.00 0.00 3.00 1.50 2.30 2.00 4.00 1.00 5.40 4.20 12.40 3.60 3.70 12.10 34.40 19.90 10.90 13.80 6.10 16.30 17.74 10.48 5.93 2.29 2.71 2.62 0.02 0.94 0.23 4.60 5.70 4.60 3.00 3.10 4.00 1.00 2.00 2.90 1.20 British V. Islands 1.00 0.80 0.10 1.00 1.10 0.90 1.10 7.00 6.90 5.70 4.40 4.20 11.60 14.90 27.90 11.80 8.20 4.30 7.30 10.30 12.50 13.80 10.00 2.5 0 1.1 0 1.1 0 1.80 1.00 4.70 6.00 7.80 8.00 2.90 2.50 3.10 2.3 0 2.1 0 4.8 0 2.0 0 Cayman Islands 1.00 0.80 0.10 1.00 1.10 0.90 1.10 0.80 1.40 1.50 3.50 2.10 4.10 8.10 27.90 11.80 8.20 4.30 7.30 10.30 12.50 13.80 5.50 5.00 3.10 2.50 2.80 4.30 5.20 6.00 7.80 8.00 2.90 2.50 3.10 2.30 2.10 4.80 2.00 Turks and Caicos Is 1.00 0.78 0.10 0.96 1.05 0.85 1.12 0.83 1.37 1.54 3.53 2.06 4.10 8.09 19.50 15.55 5.28 5.40 8.19 11.43 14.60 12.20 6.09 2.81 2.09 0.50 1.25 3.80 2.58 3.87 3.75 4.01 1.39 2.04 1.78 2.80 3.60 3.26 1.13 Montserrat 1.00 0.78 0.10 0.96 1.05 0.85 1.12 0.83 1.37 1.54 3.53 2.06 4.10 8.09 19.50 15.55 5.28 5.40 8.19 11.43 17.80 12.20 6.09 2.81 2.09 3.20 1.25 3.80 2.58 3.87 6.80 4.01 1.39 2.04 1.78 2.80 3.60 3.26 1.13 Martinique Guadeloupe 2.00 2.40 5.20 4.90 3.10 3.00 2.50 2.90 2.60 4.40 6.00 6.20 5.80 7.80 18.80 14.80 11.30 10.00 10.80 10.10 12.00 15.80 13.60 12.60 8.10 10.80 8.20 4.10 3.80 2.70 4.80 4.70 5.20 4.70 2.00 3.10 4.70 3.00 1.90 2.00 2.40 5.20 4.90 3.10 3.00 2.50 2.90 5.50 4.70 6.00 6.40 7.90 6.80 15.90 17.00 8.60 9.30 8.90 9.20 21.30 12.60 13.50 10.20 8.10 7.10 7.40 6.10 3.80 1.50 5.20 6.00 5.40 3.60 2.30 3.10 4.70 3.00 1.90 Fr. Guyane 2.00 2.40 5.20 4.90 3.10 3.00 2.50 2.90 4.00 2.50 3.90 6.90 5.40 6.90 16.40 14.30 9.80 10.30 8.00 11.50 12.50 16.50 11.90 13.70 7.80 9.10 7.20 8.70 2.50 3.70 2.60 1.60 -0.30 3.10 -3.10 3.10 4.70 3.00 1.90 Netherlands Antilles 1.00 1.00 1.00 1.20 0.90 1.10 0.70 1.10 1.30 2.50 3.90 6.80 5.40 6.90 16.40 14.30 9.80 10.30 8.00 10.90 11.90 14.40 14.80 15.50 7.90 0.30 3.00 2.40 3.30 4.00 5.00 1.70 1.50 2.50 1.70 3.10 4.70 3.00 1.90 Aruba Puerto Rico 1.00 1.00 1.00 1.20 0.90 1.10 0.70 1.10 1.30 2.50 3.90 6.80 5.40 6.90 16.40 14.30 9.80 10.30 8.00 10.90 11.90 14.40 14.80 15.50 7.90 4.03 1.07 3.64 3.12 3.99 5.84 5.56 3.87 5.22 6.31 3.36 3.23 3.00 1.87 3.30 2.50 1.80 1.80 2.40 2.90 2.80 3.80 3.20 2.60 3.50 4.30 0.00 10.60 19.70 8.70 2.60 3.80 4.90 7.10 9.90 10.00 3.60 0.90 1.70 0.00 -0.20 0.90 3.30 3.40 4.10 5.30 2.60 3.00 2.90 4.00 3.50 1.90 2.00 Virgin Islands U.S 1.50 1.10 1.10 1.20 1.30 1.70 3.00 2.80 4.20 5.40 5.90 4.30 3.30 6.20 11.00 9.10 5.70 6.50 7.60 11.30 13.50 10.30 6.20 3.20 4.30 3.60 1.90 3.70 4.00 4.80 5.40 4.20 2.70 3.00 2.60 2.80 2.90 3.00 -0.40 Cuba Haiti 3.00 5.00 5.00 10.20 8.50 -1.70 1.70 1.30 1.30 1.30 1.30 6.10 6.10 6.10 6.10 6.10 -0.50 -3.40 3.80 1.70 4.20 8.50 0.40 0.40 -0.10 -1.00 -2.80 0.20 0.50 10.00 13.80 13.80 13.80 13.80 13.80 13.80 5.00 3.00 2.00 -5.00 3.78 -0.55 4.31 9.16 2.26 8.30 -2.94 1.32 1.41 1.37 9.58 3.19 22.74 14.95 16.77 7.04 6.49 -2.67 13.09 17.78 10.86 7.36 10.24 6.40 10.65 3.28 -11.45 4.11 6.92 21.28 15.42 19.36 29.71 39.33 27.61 20.58 20.56 10.63 Dominican Republic -3.60 -3.90 9.16 8.58 2.11 -1.89 0.26 1.24 0.04 0.96 3.82 3.58 8.64 15.08 13.14 14.50 7.77 12.85 3.48 9.17 16.75 7.51 7.65 5.63 20.15 45.34 7.64 13.55 43.86 40.66 50.46 47.08 4.26 5.25 8.26 12.54 5.40 8.30 4.49 53 54 TABLE 10: GDP PER HEAD, 1960-1998 (1ST SECTION OF TWO) I N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 Trinidad & Tobago 1,892 2,118 2,150 2,250 2,400 2,386 2,447 2,511 2,648 2,761 2,763 2,676 2,999 3,003 3,165 3,302 3,638 3,764 4,176 4,415 4,615 4,712 5,148 4,789 4,999 4,731 4,529 4,289 4,097 4,047 4,095 4,641 4,064 3,978 4,091 4,219 4,337 4,462 4,618 Barbados Bahamas Suriname Guyana Belize Jamaica St. Lucia 2,928 3,141 3,412 3,227 3,375 3,747 3,883 4,282 4,563 4,889 5,336 5,522 5,553 5,595 5,309 5,497 5,474 5,698 6,028 6,527 6,764 6,526 6,177 6,166 6,351 6,373 6,960 7,017 7,427 7,757 7,340 7,071 6,668 6,695 6,978 7,016 7,375 7,583 7,894 8,171 8,659 9,176 9,745 10,364 10,950 11,449 12,050 12,565 13,109 11,862 11,848 11,176 11,823 9,629 8,030 8,271 8,845 9,899 12,183 12,727 11,337 11,820 11,972 13,370 13,835 13,845 14,020 14,051 14,087 13,919 13,376 12,934 12,957 12,757 12,444 12,693 12,847 12,944 56 4 56 7 56 8 57 6 59 1 64 6 74 4 762 828 769 776 794 793 791 832 88 8 93 3 98 8 1,050 97 7 93 0 1,000 91 5 853 804 801 772 647 717 791 787 80 6 83 7 81 0 78 9 81 8 84 1 84 7 71 0 67 6 68 8 67 7 58 0 63 1 68 1 70 1 716 709 746 767 782 750 755 809 873 882 853 832 811 819 823 707 653 615 626 620 625 602 572 554 582 621 667 718 748 800 844 82 5 977 990 1,002 1,015 1,031 1,050 1,072 1,098 1,153 1,190 1,226 1,257 1,368 1,424 1,595 1,624 1,589 1,651 1,735 1,815 2,036 2,009 1,951 1,872 1,850 1,822 1,856 2,012 2,141 2,359 2,543 2,566 2,731 2,743 2,717 2,732 2,715 2,723 2,725 1,292 1,307 1,303 1,323 1,400 1,490 1,520 1,522 1,582 1,635 1,803 1,833 2,101 1,948 1,849 1,819 1,681 1,623 1,616 1,569 1,458 1,475 1,468 1,474 1,437 1,353 1,360 1,457 1,495 1,584 1,651 1,648 1,658 1,666 1,668 1,658 1,619 1,571 1,559 1,171 1,214 1,258 1,303 1,351 1,401 1,451 1,504 1,439 1,383 1,474 1,657 1,730 1,721 1,743 1,740 1,626 1,862 2,047 2,141 2,076 2,114 1,853 1,905 2,318 2,150 2,433 2,446 2,703 2,908 3,542 3,586 3,807 3,827 3,805 3,857 3,859 3,860 3,907 St. Vincent & Grenadines 1,136 1,132 1,132 1,134 1,136 1,137 1,139 1,140 1,022 1,078 1,098 1,203 1,226 1,527 1,342 1,211 1,107 1,155 1,279 1,308 1,322 1,390 1,443 1,494 1,568 1,649 1,743 1,805 2,050 2,082 2,168 2,162 2,306 2,293 2,223 2,378 2,449 2,521 2,635 Dominica Grenada 1,556 1,582 1,611 1,637 1,666 1,693 1,724 1,759 1,779 1,719 1,760 1,959 2,053 2,080 1,980 1,717 1,603 1,649 1,831 1,482 1,679 1,849 1,933 1,992 2,107 2,142 2,302 2,485 2,707 2,709 2,862 2,890 2,951 2,995 3,023 3,050 3,135 3,200 3,310 1,074 1,079 1,085 1,091 1,096 1,102 1,128 1,155 1,172 1,384 1,396 1,407 1,447 1,327 1,151 1,289 1,440 1,517 1,606 1,710 1,709 1,745 1,826 1,874 1,959 2,111 2,267 2,500 2,566 2,700 2,819 2,883 2,872 2,793 2,861 2,920 3,028 3,217 3,347 Antigua & Barbuda 3,055 3,172 3,290 3,408 3,522 3,629 3,730 3,824 3,630 3,629 3,617 3,517 3,774 3,682 3,493 3,427 3,051 3,296 3,456 3,726 4,057 4,209 4,203 4,385 4,797 5,164 5,785 6,222 6,517 6,849 6,980 7,097 7,130 7,488 7,943 7,580 8,017 8,344 8,559 St. Kitts & Nevis 1,402 1,426 1,464 1,491 1,500 1,498 1,574 1,848 1,604 1,719 1,701 1,666 1,866 1,959 1,969 2,044 2,090 2,074 2,227 2,269 2,569 2,615 2,557 2,580 2,898 3,123 3,417 3,695 4,024 4,374 4,479 4,593 4,799 5,163 5,435 5,669 6,046 6,481 6,716 TABLE 10: GDP PER HEAD, 1960-1998 (2ND SECTION OF TWO) I Anguilla N T E G R A T I O N & T R A D E 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1,401 1,472 1,546 1,624 1,706 1,792 1,883 1,978 2,077 2,182 2,292 2,452 2,624 2,807 3,003 3,212 3,332 3,457 3,586 3,719 3,858 4,127 4,416 4,724 5,064 5,629 6,260 6,800 7,283 7,694 7,991 7,358 7,552 7,747 7,958 7,280 7,429 6,773 6,937 British V. Islands 3,039 3,169 3,252 3,353 3,520 3,680 3,847 4,021 4,203 4,394 4,593 4,100 4,061 4,244 4,613 4,775 4,759 4,847 5,480 6,194 7,034 7,726 8,485 9,319 10,235 10,139 9,989 10,987 11,735 12,359 12,156 12,172 12,188 12,204 12,457 12,775 13,414 14,084 14,010 Cayman Islands 6,944 7,127 7,314 7,507 7,704 7,906 8,114 8,328 8,546 8,771 9,002 9,062 9,123 9,483 9,856 10,243 10,646 11,064 11,499 11,951 12,560 13,200 13,872 14,579 15,151 15,072 15,865 16,948 18,586 19,428 21,123 20,559 20,353 20,468 20,708 21,478 22,277 23,106 23,966 Turks and Caicos Is 699 735 773 814 856 900 991 1,090 1,200 1,320 1,453 1,513 1,575 1,639 1,706 1,776 1,931 2,099 2,282 2,482 2,698 2,901 3,119 3,364 3,661 4,541 4,707 5,023 5,898 5,903 5,907 6,071 6,240 6,414 6,592 6,776 6,703 6,662 7,061 Montserrat 514 545 577 61 1 64 7 68 6 78 1 89 1 1,015 1,157 1,350 1,470 1,601 1,744 1,899 2,068 1,907 1,907 2,069 2,248 2,443 2,678 2,936 3,219 3,528 3,868 4,172 4,501 4,856 5,238 5,652 5,117 5,390 5,907 6,118 5,673 3,846 3,846 3,846 Martinique Guadeloupe 4,360 4,468 4,635 4,808 4,988 5,174 5,368 5,569 5,833 6,109 6,399 6,890 7,411 7,934 7,303 8,069 8,084 8,658 8,873 9,005 8,859 9,102 9,861 10,054 9,746 9,948 10,086 10,965 11,216 11,572 11,676 11,885 11,887 11,677 12,094 12,651 13,247 13,871 14,524 3,788 3,859 3,984 4,114 4,248 4,386 4,528 4,676 4,873 5,079 5,294 5,763 5,941 6,592 6,795 6,578 7,020 7,331 8,338 8,758 7,988 7,820 8,031 7,939 7,679 7,561 7,742 8,058 8,069 8,430 8,508 8,539 8,746 8,777 8,783 9,540 10,380 11,293 12,287 Fr. Guyane 5,370 5,484 5,516 5,548 5,581 5,613 5,646 5,679 5,753 5,828 5,903 6,022 6,143 6,267 6,393 6,477 6,465 6,715 7,001 6,751 7,090 6,802 7,550 7,478 7,629 8,074 6,511 7,288 9,003 9,538 10,177 10,880 11,226 10,414 10,556 11,078 11,698 12,352 13,044 Netherlands Antilles 11,495 11,424 11,366 11,313 11,255 11,182 11,100 11,007 10,915 10,844 10,805 11,114 11,459 11,836 12,225 12,619 12,121 11,635 11,163 10,711 10,262 10,408 10,112 9,707 9,519 9,586 10,138 10,117 10,127 10,619 10,767 10,815 10,937 11,194 11,815 11,770 11,736 11,712 11,698 Aruba Puerto Rico 9,484 9,531 9,578 9,626 9,674 9,722 9,770 9,819 9,868 9,917 9,968 10,317 10,683 11,061 11,452 11,860 11,437 11,029 10,635 10,254 9,868 10,051 9,843 9,522 9,407 9,540 10,159 9,975 13,939 15,199 15,558 16,313 16,512 15,274 15,486 15,615 15,593 15,763 16,186 3,364 3,621 3,813 4,119 4,326 4,646 4,915 5,183 5,396 5,826 6,253 6,543 6,888 7,143 7,000 6,697 6,935 7,281 7,661 8,030 8,056 8,051 7,721 7,678 8,158 8,247 8,838 9,187 9,696 10,081 10,365 10,503 10,743 10,969 11,112 11,355 11,568 11,801 12,285 Virgin Islands U.S 13,778 13,964 14,167 14,351 14,524 14,723 14,792 14,874 14,946 15,040 15,109 13,783 13,235 12,309 11,809 11,622 11,697 12,411 12,359 12,704 12,924 13,078 12,846 12,881 12,681 13,086 13,441 13,806 14,318 14,851 15,699 15,639 14,495 15,820 15,720 15,958 16,105 15,753 15,398 Cuba Haiti 1,089 1,109 1,075 1,069 1,141 1,131 1,077 1,079 1,127 1,078 1,061 1,033 1,098 1,215 1,304 1,417 1,515 1,630 1,711 1,736 1,778 1,941 1,904 1,970 2,051 2,110 2,094 2,026 2,077 2,069 1,988 1,757 1,541 1,306 1,310 1,336 1,433 1,463 1,475 547 514 553 529 508 510 504 476 476 481 471 503 501 498 521 500 534 528 544 574 607 580 550 545 536 527 517 503 497 492 481 493 420 401 360 368 369 366 370 Dominican Republic 682 644 729 752 777 658 724 725 706 760 873 941 1,012 1,113 1,149 1,179 1,227 1,257 1,253 1,279 1,325 1,348 1,338 1,368 1,342 1,325 1,343 1,445 1,445 1,482 1,366 1,352 1,431 1,447 1,482 1,526 1,608 1,708 1,799 55 Bibliography BURN, W. 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