CARIFORUM and UK EPA Study

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Table 24: CARIFORUM Total Services Imports (2008-2019) – US$ Millions

CARIFORUM Total Services Imports (2008-2019) - US$Millions

CARIFORUM State Antigua and Barbuda

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008-2019

282 228 225

211

204 220

392

426 480

477

511

529

4,185

Bahamas Barbados

1,403 1,196 1,181 1,292 1,538 1,628 1,728 1,278 1,836 1,812 1,817 1,954

1 8,663 7,493 2,490 1,274 1,937 6,809 2,059 3,358 1,362 6,595 3 5,176 1 2,466 2 6,353

663 628 670 170 162 162

521 171

569 745 188 208

687 225 136 187 426 215 305 129 803

713 679 221 216 132 141 200 221 423 591 216 221 335 344 122 141 709 500

507 241 148

537 231 166

574 295 143

Belize

Dominica

70

66

68

66

6 8

7 0

Dominican Republic

1,989 1,857 2,588 2,905 2,946 2,778 2,970 3,174 3,370 3,307 3,399 3,893

Grenada Guyana

113

98

94

100 434

9 5

9 9

229

243

258

325 272 344

526 503

790 1,019 1,156

Haiti

746 772 1,277 1,119 1,116 1,102 1,087 1,042 1,013 1,059 1,187 946 2,367 1,881 1,824 1,946 2,177 2,059 2,245 2,161 2,171 2,322 2,512 2,688

Jamaica

Saint Kitts and Nevis

125 100 111 215 190 204

115 203

120 126 190 187

210 375 137 518

244 398 140 610

256 412 144 729

Saint Lucia

Saint Vincent and the Grenadines

102

94

91

84

8 7

9 1

Suriname

407 285 259

562

618 595

Wp ehr ii ol ed t, ht he eDeRv i(dUeSn$c3e5i.n2 rbeillal itoi onn) at ol s toh fee ar et ul artei dv ea ps rtohpeotrot pi o snesr ov fi coetsh iemr pc oomr t ep re toi nv eg rCtAhRe I 1F 2O-Ry Ue aMr si mt apt eosr tws , arse par el os te nmt ionrge anvuaalnuceeodf, UwSi $t h2 6J .a4mbai li lci ao nw, fi tohl li onwcel ods be yr Ta nr ignei daat d7a5n%d Toof bt ah ge oD( RU’Ss $t2o4t .a6l bfiivleli.on), The Bahamas (US$18.7 billion) and Barbados (US$7.5 billion) rounding out the top Therefore, based on a cross-regional comparison of CARIFORUM’s total services trade, it is evident that the DR has cemented its place as the region’s top performing services-based economy, having dominated both the services exports and imports categories. Jamaica also consistently ranked second overall, in terms of both imports and exports, while the countries rounding out the top five (i.e., The Bahamas, Barbados and Trinidad and Tobago) were not able to maintain a consistent ranking across these two areas. 2 4,579 CARIFORUM Total Services Imports 9,303 8,212 9,487 12,189 13,042 13,091 14,315 14,066 14,657 15,224 15,528 15,685 154,799 Source: WTO Statistical Database Trinidad and Tobago 326 383 389 2,460 2,600 2,680 2,780 2,914 2,733 3,092 2,514 1,708

ii.

Analysis of CARIFORUM’s Overall Services Trade Trends

The CARIFORUM region generated approximately US$391 billion dollars worth of gross services trade during the period 2008 and 2019, with exports representing 60.4% of that total, thus

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