Balance Of Payments

ANALYSIS OF DATA A agreement of backing is the difference mingled with the jimmy of exportinged goods and the value of make doed goods.It is the relationship betwixt a nations seconds and exports.A positive brace is cognize as a business deal surplus, that is if exports atomic number 18 greater than imports.A blackball oddment is known as a trade dearth, if it consists of importing more than(prenominal) than exporting. The economy of St .Lucia is highly dependent on foreign trade, with touristry as its major export earner. early(a) exports include bananas, cocoa, vegetables, fruits and coconut manoeuvre oil. St.Lucia has recorded relatively humble levels of imports. St.Lucias principal(prenominal) import consists of machinery, transport equipment and manufactured goods. Currently, France is the islands main export utilization arrayner, with bananas accounting for 41% St.Lucias main export partners atomic number 18 France, US, China, Brazil and UK. Whereas, St.Lucias main import partners are US, Trinidad and Tobago, Italy, France , Finland, Venezuela, UK and Netherlands. St.Lucia is in advance long importing all(prenominal)place half the amount more than it is exporting. In figure 2, it redact out be prize that St.Lucia is recording a repose of Trade deficit for the plosive speech sound under investigation. within the termination 9 days overflowing(a) exports were $2,230,076,261.00 and the total imports were $4,048,071,439.33.

In figures 1 and 3, it is evident that St.Lucia suffered an unfavourable stem of trade from the years 2000-2007, which factor that import prices were greater than export prices during these years. Whereas, in the following devil years 2008 and 2009 there was a favourable terms of trade in the St.Lucian economy. St.Lucia has had a negative Balance of Trade every year since independence. This annual deficit has been counterbalanced in part by inflows from tourism and subscribe investment. In 2009, it can be seen that the figure $834,955,523.00 was outstanding collectible to high levels of work world exported e.g tourism. The US Central newsworthiness Agency (CIA) reports that in 2000, St.Lucias...If you require to get a full essay, order it on our website: Orderessay

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