COUNTRY: ANGUILLA
Balance of Payments
Standard Presentation:
(All figures in EC$M)
       
                                             
1996 1997 1998 1999 2000 2001 2002 2003
Credit Debit Net Credit Debit Net Credit Debit Net Credit Debit Net Credit Debit Net Credit Debit Net Credit Debit Net Credit Debit Net
                                                   
1. CURRENT ACCOUNT        199.51     254.20      (54.69)        210.86     261.45      (50.59)        250.93     304.72      (53.79)        221.98     359.76    (137.78)        222.79     372.87    (150.08)        227.54         322.66         (95.12)        219.82         315.44         (95.62) 222.33 337.81       (115.47)
A. GOODS AND SERVICES         159.26     217.22      (57.96)        182.56     224.70      (42.14)        223.04     273.21      (50.17)        193.59     321.74    (128.15)        188.13     334.74    (146.61)        201.58         287.60         (86.02)        191.84         272.82         (80.98)       197.02        291.78         (94.76)
1. Goods        4.76     142.73    (137.97)            4.32     146.50    (142.18)            8.54     170.09    (161.55)            7.83     218.31    (210.48)          11.97     224.88    (212.91)          10.84         184.94       (174.10)          11.82         166.40       (154.59)         11.50        182.52       (171.03)
a Merchandise        4.75     142.42    (137.67)            4.29     146.36    (142.07)            8.52     169.55    (161.03)            7.82     218.31    (210.49)          11.93     224.57    (212.64)          10.75         184.63       (173.88)          11.76         166.07       (154.31)         11.46        182.42       (170.96)
b Repair on goods        0.01            -          0.01            0.02            -          0.02            0.02            -          0.02               -              -              -              0.03            -           0.03            0.07                -              0.07            0.04                -              0.04          0.01               -              0.01
c Goods procured in ports by carriers            -          0.31       (0.31)            0.01        0.14       (0.13)               -          0.54       (0.54)            0.01            -           0.01            0.01        0.31        (0.30)            0.02             0.31           (0.29)            0.02            0.34           (0.32)          0.02            0.10           (0.08)
2. Services     154.50       74.49       80.01        178.24       78.20     100.04        214.50     103.12     111.38        185.76     103.43       82.33        176.16     109.86       66.30        190.74         102.66          88.08        180.02         106.41          73.60       185.52        109.25          76.27
a. Transportation        3.36       26.58      (23.22)            3.32       26.51      (23.19)            3.72       43.02      (39.30)            2.27       38.14      (35.87)            4.55       38.52      (33.97)            4.86           33.02         (28.16)            4.56           28.71         (24.15)          3.83          30.52         (26.70)
                                                                                                                         i. Sea Transport        1.48       16.18      (14.70)            1.85       16.63      (14.78)            2.87       34.27      (31.40)            2.01       31.48      (29.47)            3.25       26.30      (23.05)            2.94           20.98         (18.04)            2.61           18.87         (16.26)          2.86          20.73         (17.87)
ii. Air Transport        1.88       10.40       (8.52)            1.47        9.88       (8.41)            0.85        8.75       (7.90)            0.26        6.66        (6.40)            1.30       12.22      (10.92)            1.92           12.04         (10.12)            1.95            9.84           (7.89)          0.97            9.79           (8.82)
                                               b. Travel     137.20       16.17     121.03        162.99       18.89     144.10        166.53       22.26     144.27        155.73       22.54     133.19        153.60       23.32     130.28        168.74           23.43        145.31        156.66           22.39        134.27       162.67          23.98        138.69
                                               c. Insurance Services        2.14        5.21       (3.07)            1.28        4.18       (2.90)            1.50        4.46       (2.96)            2.14        6.56        (4.42)            1.02        5.35        (4.33)            1.25             4.60           (3.35)            1.51            4.21           (2.70)          2.90            4.83           (1.92)
                                               i. Freight Insurance            -          3.95       (3.95)            0.25        3.33       (3.08)            0.06        3.85       (3.79)            0.03        4.96        (4.93)               -          5.10        (5.10)               -               4.20           (4.20)            0.00            3.77           (3.77)              -              4.15           (4.15)
                                               ii. Life Insurance            -          0.05       (0.05)               -          0.04       (0.04)               -          0.05       (0.05)               -          0.06        (0.06)               -          0.04        (0.04)               -               0.16           (0.16)               -              0.10           (0.10)              -              0.12           (0.12)
                                                                                                                         iii. General Insurance        0.08        0.31       (0.23)           (0.11)        0.18       (0.29)            0.06        0.20       (0.14)               -          0.29        (0.29)               -          0.21        (0.21)               -               0.24           (0.24)               -              0.34           (0.34)              -              0.56           (0.56)
                                                                                                                         iv. Re-Insurance            -          0.90       (0.90)            0.14        0.39       (0.25)            0.04        0.36       (0.32)            0.50        1.25        (0.75)               -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                                                                                         v. Insurance Agents Commissions        2.06            -          2.06            1.00        0.24        0.76            1.34            -          1.34            1.61            -           1.61            1.02            -           1.02            1.25                -              1.25            1.51                -              1.51          2.90               -              2.90
                                               d. Other Business Services       11.44       17.23       (5.79)          10.14       22.37      (12.23)          10.99       24.39      (13.40)          10.54       28.43      (17.89)          12.76       38.53      (25.77)          12.77           35.54         (22.77)          13.93           43.37         (29.44)         12.61          47.99         (35.37)
i. Communications            4.80            3.25            1.55          3.19            2.41            0.78
                                                                                                                         ii. Construction Services            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -              4.44           (4.44)              -            11.12         (11.12)
iii. Financial Services            -              -              -                 -              -              -                 -              -              -              2.88            -           2.88            4.01            -           4.01            4.97                -              4.97            5.27                -              5.27          5.73               -              5.73
                                                                                                                         iv. Management and Consultant                      1.42        2.54       (1.12)            1.91        2.17       (0.26)            2.44        3.29       (0.85)               -          2.14        (2.14)               -          5.05        (5.05)               -               4.14           (4.14)               -              4.36           (4.36)              -              1.31           (1.31)
                                                                                                                         v. Computer and Information Services            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                                                                                         vi. Royalties,Licences and Fees        0.84        0.06        0.78               -          0.10       (0.10)            0.84        0.06        0.78               -              -              -                 -              -              -                 -                  -                 -                 -              0.58           (0.58)              -              0.58           (0.58)
                                                                                                                         vii. Other Business Services        9.18       14.63       (5.45)            8.23       20.10      (11.87)            7.71       21.04      (13.33)            7.66       26.29      (18.63)            8.75       33.48      (24.73)            7.80           31.40         (23.60)            3.86           30.73         (26.87)          3.69          32.57         (28.88)
                                               e. Government Services        0.36        9.30       (8.94)            0.51        6.25       (5.74)          31.76        8.99       22.77          15.08        7.76         7.32            4.23        4.14         0.09            3.12             6.07           (2.95)            3.35            7.73           (4.37)          3.51            1.94            1.57
                                                 i. Resident Government        0.36        1.03       (0.67)            0.51        0.99       (0.48)          31.76        1.04       30.72          15.08        1.59       13.49            4.23        0.24         3.99            3.12             0.12            3.00            3.35            0.16            3.19          3.51               -              3.51
                                                ii. Foreign Government            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                               iii. Other            -          8.27       (8.27)               -          5.26       (5.26)               -          7.95       (7.95)               -          6.17        (6.17)               -          3.90        (3.90)               -               5.95           (5.95)               -              7.56           (7.56)              -              1.94           (1.94)
B. INCOME                                            6.14       22.89      (16.75)            8.85       19.10      (10.25)            4.20       14.28      (10.08)            9.92       18.70        (8.78)          10.71       18.37        (7.66)            5.00           14.47           (9.47)            4.21           18.42         (14.21)          4.83          19.11         (14.28)
                                               1. Compensation of Employees            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -              0.62                -              0.62          1.30               -              1.30
                                               2. Investment Income        6.14       22.89      (16.75)            8.85       19.10      (10.25)            4.20       14.28      (10.08)            9.92       18.70        (8.78)          10.71       18.37        (7.66)            5.00           14.47           (9.47)            3.59           18.42         (14.84)          3.53          19.11         (15.58)
                                                                                                                         a. Direct Investment            -         18.19      (18.19)               -         15.14      (15.14)               -         13.27      (13.27)               -         11.89      (11.89)            0.06        9.58        (9.52)               -             10.87         (10.87)               -             15.36         (15.36)              -            16.73         (16.73)
                                                                                                                                                             i. Income on equity            -         17.25      (17.25)               -         14.44      (14.44)               -         12.47      (12.47)               -         11.17      (11.17)               -          9.01        (9.01)               -             10.43         (10.43)               -             14.85         (14.85)              -            16.28         (16.28)
                                                                                                                                                a. Distributed branch profits            -          2.67       (2.67)               -          1.83       (1.83)               -              -              -                 -          3.07        (3.07)               -          2.94        (2.94)               -               2.50           (2.50)               -              4.30           (4.30)              -              2.62           (2.62)
                                                                                                                                                b. Reinvested Earnings            -         14.58      (14.58)               -         12.61      (12.61)               -         12.47      (12.47)               -          8.10        (8.10)               -          6.07        (6.07)               -               7.93           (7.93)               -             10.55         (10.55)              -            13.65         (13.65)
                                                                                                                         ii. Income on debt (interest)            -          0.94       (0.94)               -          0.70       (0.70)               -          0.80       (0.80)               -          0.72        (0.72)            0.06        0.57        (0.51)               -               0.44           (0.44)               -              0.51           (0.51)              -              0.45           (0.45)
                                                                                                                         b. Portfolio Investment        0.42            -          0.42            0.43            -          0.43            0.41            -          0.41            0.22            -           0.22            0.60            -           0.60            1.03                -              1.03            0.26                -              0.26          0.25               -              0.25
                                                                                                                         i. ECCB Investment Income        0.42            -          0.42            0.43            -          0.43            0.41            -          0.41            0.22            -           0.22            0.32            -           0.32            0.24                -              0.24            0.18                -              0.18          0.17               -              0.17
                                                                                                                         ii. Other            -              -              -                 -              -              -                 -              -              -                 -              -              -              0.28            -           0.28            0.79                -              0.79            0.08                -              0.08          0.08               -              0.08
                                                                                                                         c. Other Investment        5.72        4.70        1.02            8.42        3.96        4.46            3.79        1.01        2.78            9.70        6.81         2.89          10.05        8.79         1.26            3.97             3.60            0.37            3.32            3.06            0.26          3.28            2.38            0.90
                                                                                                                                                             i. Interest on Government Transactions        0.02        1.58       (1.56)            0.02        1.40       (1.38)            0.03        0.98       (0.95)            0.02        1.27        (1.25)            0.02        1.45        (1.43)            0.02             1.36           (1.34)            0.03            1.14           (1.11)          0.15            0.68           (0.54)
                                                                                                                         ii. Other        5.70        3.12        2.58            8.40        2.56        5.84            3.76        0.03        3.73            9.68        5.54         4.14          10.03        7.34         2.69            3.95             2.24            1.71            3.29            1.92            1.37          3.14            1.70            1.44
C. CURRENT TRANSFERS       34.11       14.09       20.02          19.45       17.65        1.80          23.69       17.23        6.46          18.47       19.32        (0.85)          23.95       19.76         4.19          20.96           20.59            0.37          23.77           24.20           (0.43)         20.48          26.91           (6.43)
                                                  1. General Government                  8.56        0.73        7.83            5.22        0.74        4.48            7.97        0.84        7.13            6.84        1.05         5.79            3.95        1.51         2.44            6.01             1.55            4.46            8.58            2.14            6.44          3.75            1.11            2.64
                                                  2. Other Sectors       25.55       13.36       12.19          14.23       16.91       (2.68)          15.72       16.39       (0.67)          11.63       18.27        (6.64)          20.00       18.25         1.75          14.95           19.04           (4.09)          15.20           22.07           (6.87)         16.73          25.81           (9.07)
2. CAPITAL AND FINANCIAL ACCOUNT     121.42       10.83     110.59          69.52       10.88       58.64          86.84       51.99       34.85        178.53       13.75     164.78        131.79        8.39     123.40        119.76           50.09          69.67        121.99           67.04          54.95       149.18          18.48        130.69
A. CAPITAL ACCOUNT                                     17.67        3.54       14.13          10.44        3.65        6.79            9.24        3.64        5.60          10.80        3.64         7.16          16.64        3.64       13.00          22.44             3.51          18.93          11.98            3.57            8.40         19.74            3.72          16.03
                                                  1. Capital Transfers                                                               17.67        3.54       14.13          10.44        3.65        6.79            9.24        3.64        5.60          10.80        3.64         7.16          16.64        3.64       13.00          22.44             3.51          18.93          11.98            3.57            8.40         19.74            3.72          16.03
                                                                                                                               a. General Government                                          3.80            -          3.80            5.20            -          5.20            3.87            -          3.87            5.10            -           5.10            9.80            -           9.80          15.46                -            15.46            4.80                -              4.80          2.30               -              2.30
                                                                                                                               b. Other Sectors                                              13.87        3.54       10.33            5.24        3.65        1.59            5.37        3.64        1.73            5.70        3.64         2.06            6.84        3.64         3.20            6.98             3.51            3.47               -                  -                 -                -                 -                 -  
                                                                                                                                                                                       i. Migrant's Transfers                        13.87        3.54       10.33            5.24        3.65        1.59            5.37        3.64        1.73            5.70        3.64         2.06            6.84        3.64         3.20            6.98             3.51            3.47            7.18            3.57            3.60         17.45            3.72          13.73
                                                                                                                                                                                       ii. Other                                          -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  2. Acquisition & Disposal of Non-Produced,                   
                                                                                                                               Non-Financial Assets                                               -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
B. FINANCIAL ACCOUNT                                 103.75        7.29       96.46          59.08        7.23       51.85          77.60       48.35       29.25        167.73       10.11     157.62        115.15        4.75     110.40          97.32           46.58          50.74        110.01           63.47          46.54       129.43          14.76        114.67
                                                  1. Direct Investment       92.40        2.68       89.72          57.92        0.56       57.36          76.64        0.87       75.77        102.98        0.35     102.63        106.62        0.36     106.26          88.53             0.40          88.13        103.58            4.97          98.61         88.72            5.09          83.64
                                                  a. Abroad (outward)            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  b. In Reporting Economy (inward)       92.40        2.68       89.72          57.92        0.56       57.36          76.64        0.87       75.77        102.98        0.35     102.63        106.62        0.36     106.26          88.53             0.40          88.13        103.58            4.97          98.61         88.72            5.09          83.64
                                                  i. Equity       45.33            -         45.33          42.19            -         42.19               -              -              -                 -              -              -                 -              -              -                 -                  -                 -            41.70                -            41.70         62.07               -            62.07
                                                  ii. Reinvested Earnings       14.58            -         14.58          12.61            -         12.61          12.47            -         12.47            8.10            -           8.10            6.07            -           6.07            7.93                -              7.93          10.55                -            10.55         13.65               -            13.65
                                                  iii. Land Sales       27.93            -         27.93            2.41            -          2.41            2.02        0.01        2.01            9.08            -           9.08            5.22            -           5.22          23.03                -            23.03          40.64                -            40.64         10.89            0.00          10.89
                                                  iv. Other        4.56        2.68        1.88            0.71        0.56        0.15          62.15        0.86       61.29          85.80        0.35       85.45          95.33        0.36       94.97          57.57             0.40          57.17          10.70            4.97            5.73          2.11            5.09           (2.97)
                                                  2. Portfolio Investment            -              -              -                 -              -              -                 -          0.62       (0.62)               -              -              -                 -              -              -              2.72                -              2.72            0.03            2.34           (2.31)
                                                  a. Assets            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -              2.34           (2.34)              -              3.11           (3.11)
                                                  b. Liabilities            -              -              -                 -              -              -                 -          0.62       (0.62)               -              -              -                 -              -              -              2.72                -              2.72            0.03                -              0.03              -                 -             (2.11)
                                                  3. Other Investment       11.35        4.61        6.74            1.16        6.67       (5.51)            0.96       46.86      (45.90)          64.75        9.76       54.99            8.53        4.39         4.14            6.07           46.18         (40.11)            6.40           56.16         (49.76)         40.71            6.57          34.14
                                                  a. Public Sector Long Term Loans        0.90        1.26       (0.36)            0.50        0.31        0.19            0.33        0.70       (0.37)            0.07        3.22        (3.15)            0.24        1.71        (1.47)            5.22             0.61            4.61            0.52            1.60           (1.08)          1.00            1.53           (0.53)
b. Other Public Sector Capital            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -  
                                                  c. Commercial Banks        9.97            -          9.97               -          4.36       (4.36)               -         44.59      (44.59)          63.46            -         63.46            7.50            -           7.50               -             38.69         (38.69)               -             52.22         (52.22)         28.22               -            28.22
                                                  d. Other Assets        0.02        3.35       (3.33)            0.03        1.68       (1.65)            0.05        1.57       (1.52)            0.90        4.36        (3.46)            0.50        2.36        (1.86)            0.04             6.85           (6.81)            0.59            2.13           (1.54)          2.04            4.98           (2.95)
                                                  e. Other Liabilities        0.46            -          0.46            0.63        0.32        0.31            0.58            -          0.58            0.32        2.18        (1.86)            0.29        0.32        (0.03)            0.81             0.03            0.78            5.30            0.21            5.08          9.45            0.06            9.39
3. NET ERRORS AND OMISSIONS                           (52.01)       (3.02)       23.90      (22.24)       27.72          35.97               -                  -            46.11              -                 -              3.89
4. OVERALL BALANCE                                      3.89        5.03        4.96         4.76         1.04          10.52               -             (5.44)            5.44              -           (19.11)          19.11
5. FINANCING                                            0.60        4.49       (3.89)               -          5.03       (5.03)               -          4.96       (4.96)               -          4.76        (4.76)               -          1.04        (1.04)               -             10.52         (10.52)               -              5.44           (5.44)              -            19.11         (19.11)
                                                  Change in SDR Holdings                                                                  -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  Change in Reserve Position with the IMF                                                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  Change in Government Foreign Assets                                                 0.60            -          0.60               -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  Change in Imputed Reserves                                                              -          4.49       (4.49)               -          5.03       (5.03)               -          4.96       (4.96)               -          4.76        (4.76)               -          1.04        (1.04)               -             10.52         (10.52)               -              5.44           (5.44)              -            19.11         (19.11)
                                                         
September 7, 2004
10:58 AM
Nominal GDP at Market Prices     213.87     239.67     254.93     283.38     291.53        297.59        300.60
COUNTRY: ANGUILLA
Balance of Payments
As percent of GDP
(All figures in EC$M)
     
                                                   
1996 1997 1998 1999 2000 2001 2002 2,003
 Credit  Debit  Net  Credit  Debit  Net  Credit  Debit  Net  Credit  Debit  Net  Credit  Debit  Net  Credit  Debit  Net  Credit  Debit  Net  Credit  Debit  Net
                                                         
1. CURRENT ACCOUNT          93.29     118.86      (25.57)          87.98     109.09      (21.11)          98.43     119.53      (21.10)          78.33     126.95      (48.62)          76.42     127.90      (51.48)          76.46         108.42         (31.96)          73.13         104.94         (31.81)         73.96        112.38         (38.41)
A. GOODS AND SERVICES           74.47     101.57      (27.10)          76.17       93.75      (17.58)          87.49     107.17      (19.68)          68.31     113.54      (45.22)          64.53     114.82      (50.29)          67.74           96.64         (28.91)          63.82           90.76         (26.94)         65.54          97.07         (31.52)
1. Goods        2.23       66.74      (64.51)            1.80       61.13      (59.32)            3.35       66.72      (63.37)            2.76       77.04      (74.27)            4.11       77.14      (73.03)            3.64           62.15         (58.50)            3.93           55.36         (51.43)          3.82          60.72         (56.90)
a Merchandise        2.22       66.59      (64.37)            1.79       61.07      (59.28)            3.34       66.51      (63.17)            2.76       77.04      (74.28)            4.09       77.03      (72.94)            3.61           62.04         (58.43)            3.91           55.25         (51.33)          3.81          60.69         (56.87)
b Repair on goods        0.00            -          0.00            0.01            -          0.01            0.01            -          0.01               -              -              -              0.01            -           0.01            0.02                -              0.02            0.01                -              0.01          0.00               -              0.00
c Goods procured in ports by carriers            -          0.14       (0.14)            0.00        0.06       (0.05)               -          0.21       (0.21)            0.00            -           0.00            0.00        0.11        (0.10)            0.01             0.10           (0.10)            0.01            0.11           (0.11)          0.01            0.03           (0.03)
2. Services       72.24       34.83       37.41          74.37       32.63       41.74          84.14       40.45       43.69          65.55       36.50       29.05          60.43       37.68       22.74          64.09           34.50          29.60          59.89           35.40          24.49         61.72          36.35          25.37
a. Transportation        1.57       12.43      (10.86)            1.39       11.06       (9.68)            1.46       16.88      (15.42)            0.80       13.46      (12.66)            1.56       13.21      (11.65)            1.63           11.10           (9.46)            1.52            9.55           (8.04)          1.27          10.15           (8.88)
                                                                                                                         i. Sea Transport        0.69        7.57       (6.87)            0.77        6.94       (6.17)            1.13       13.44      (12.32)            0.71       11.11      (10.40)            1.11        9.02        (7.91)            0.99             7.05           (6.06)            0.87            6.28           (5.41)          0.95            6.90           (5.95)
ii. Air Transport        0.88        4.86       (3.98)            0.61        4.12       (3.51)            0.33        3.43       (3.10)            0.09        2.35        (2.26)            0.45        4.19        (3.75)            0.65             4.05           (3.40)            0.65            3.27           (2.62)          0.32            3.26           (2.94)
                                               b. Travel       64.15        7.56       56.59          68.01        7.88       60.12          65.32        8.73       56.59          54.95        7.95       47.00          52.69        8.00       44.69          56.70             7.87          48.83          52.12            7.45          44.67         54.11            7.98          46.14
                                               c. Insurance Services        1.00        2.44       (1.44)            0.53        1.74       (1.21)            0.59        1.75       (1.16)            0.76        2.31        (1.56)            0.35        1.84        (1.49)            0.42             1.55           (1.13)            0.50            1.40           (0.90)          0.97            1.61           (0.64)
                                               i. Freight Insurance            -          1.85       (1.85)            0.10        1.39       (1.29)            0.02        1.51       (1.49)            0.01        1.75        (1.74)               -          1.75        (1.75)               -               1.41           (1.41)            0.00            1.26           (1.25)              -              1.38           (1.38)
                                               ii. Life Insurance            -          0.02       (0.02)               -          0.02       (0.02)               -          0.02       (0.02)               -          0.02        (0.02)               -          0.01        (0.01)               -               0.05           (0.05)               -              0.03           (0.03)              -              0.04           (0.04)
                                                                                                                         iii. General Insurance        0.04        0.14       (0.11)           (0.05)        0.08       (0.12)            0.02        0.08       (0.05)               -          0.10        (0.10)               -          0.07        (0.07)               -               0.08           (0.08)               -              0.11           (0.11)              -              0.19           (0.19)
                                                                                                                         iv. Re-Insurance            -          0.42       (0.42)            0.06        0.16       (0.10)            0.02        0.14       (0.13)            0.18        0.44        (0.26)               -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                                                                                         v. Insurance Agents Commissions        0.96            -          0.96            0.42        0.10        0.32            0.53            -          0.53            0.57            -           0.57            0.35            -           0.35            0.42                -              0.42            0.50                -              0.50          0.97               -              0.97
                                               d. Other Business Services        5.35        8.06       (2.71)            4.23        9.33       (5.10)            4.31        9.57       (5.26)            3.72       10.03        (6.31)            4.38       13.22        (8.84)            4.29           11.94           (7.65)            4.63           14.43           (9.79)          4.20          15.96         (11.77)
                                                                                                                         i. Construction & Engineering Services            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -              1.60            1.08            0.51          1.06            0.80            0.26
ii. Financial Services            -              -              -                 -              -              -                 -              -              -              1.02            -           1.02            1.38            -           1.38            1.67                -              1.67               -              1.48           (1.48)              -              3.70           (3.70)
                                                                                                                         iii. Management and Consultant                      0.66        1.19       (0.52)            0.80        0.91       (0.11)            0.96        1.29       (0.33)               -          0.76        (0.76)               -          1.73        (1.73)               -               1.39           (1.39)            1.75                -              1.75          1.91               -              1.91
                                                                                                                         iv. Computer and Information Services            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -              1.45           (1.45)              -              0.44           (0.44)
                                                                                                                         v. Royalties,Licences and Fees        0.39        0.03        0.36               -          0.04       (0.04)            0.33        0.02        0.31               -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                                                                                         vi. Other Business Services        4.29        6.84       (2.55)            3.43        8.39       (4.95)            3.02        8.25       (5.23)            2.70        9.28        (6.57)            3.00       11.48        (8.48)            2.62           10.55           (7.93)               -              0.19           (0.19)              -              0.19           (0.19)
                                               e. Government Services        0.17        4.35       (4.18)            0.21        2.61       (2.39)          12.46        3.53        8.93            5.32        2.74         2.58            1.45        1.42         0.03            1.05             2.04           (0.99)            1.28           10.22           (8.94)          1.23          10.83           (9.61)
                                                 i. Resident Government        0.17        0.48       (0.31)            0.21        0.41       (0.20)          12.46        0.41       12.05            5.32        0.56         4.76            1.45        0.08         1.37            1.05             0.04            1.01            1.12            2.57           (1.46)          1.17            0.65            0.52
                                                ii. Foreign Government            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -              1.12            0.05            1.06          1.17               -              1.17
                                               iii. Other            -          3.87       (3.87)               -          2.19       (2.19)               -          3.12       (3.12)               -          2.18        (2.18)               -          1.34        (1.34)               -               2.00           (2.00)               -                  -                 -                -                 -                 -  
             -              0.65           (0.65)
B. INCOME                                            2.87       10.70       (7.83)            3.69        7.97       (4.28)            1.65        5.60       (3.95)            3.50        6.60        (3.10)            3.67        6.30        (2.63)            1.68             4.86           (3.18)            1.40            6.13           (4.73)          1.61            6.36           (4.75)
                                               1. Compensation of Employees            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -              0.21                -              0.21          0.43               -              0.43
                                               2. Investment Income        2.87       10.70       (7.83)            3.69        7.97       (4.28)            1.65        5.60       (3.95)            3.50        6.60        (3.10)            3.67        6.30        (2.63)            1.68             4.86           (3.18)            1.19            6.13           (4.94)          1.18            6.36           (5.18)
                                                                                                                         a. Direct Investment            -          8.51       (8.51)               -          6.32       (6.32)               -          5.21       (5.21)               -          4.20        (4.20)            0.02        3.29        (3.27)               -               3.65           (3.65)               -              5.11           (5.11)              -              5.57           (5.57)
                                                                                                                                                             i. Income on equity            -          8.07       (8.07)               -          6.02       (6.02)               -          4.89       (4.89)               -          3.94        (3.94)               -          3.09        (3.09)               -               3.50           (3.50)               -              4.94           (4.94)              -              5.42           (5.42)
                                                                                                                                                a. Distributed branch profits            -          1.25       (1.25)               -          0.76       (0.76)               -              -              -                 -          1.08        (1.08)               -          1.01        (1.01)               -               0.84           (0.84)               -              1.43           (1.43)              -              0.87           (0.87)
                                                                                                                                                b. Reinvested Earnings            -          6.82       (6.82)               -          5.26       (5.26)               -          4.89       (4.89)               -          2.86        (2.86)               -          2.08        (2.08)               -               2.66           (2.66)               -              3.51           (3.51)              -              4.54           (4.54)
                                                                                                                         ii. Income on debt (interest)            -          0.44       (0.44)               -          0.29       (0.29)               -          0.31       (0.31)               -          0.25        (0.25)            0.02        0.20        (0.17)               -               0.15           (0.15)               -              0.17           (0.17)              -              0.15           (0.15)
                                                                                                                         b. Portfolio Investment        0.20            -          0.20            0.18            -          0.18            0.16            -          0.16            0.08            -           0.08            0.21            -           0.21            0.35                -              0.35            0.09                -              0.09          0.08               -              0.08
                                                                                                                         i. ECCB Investment Income        0.20            -          0.20            0.18            -          0.18            0.16            -          0.16            0.08            -           0.08            0.11            -           0.11            0.08                -              0.08            0.06                -              0.06          0.06               -              0.06
                                                                                                                         ii. Other            -              -              -                 -              -              -                 -              -              -                 -              -              -              0.10            -           0.10            0.27                -              0.27            0.03                -              0.03          0.03               -              0.03
                                                                                                                         c. Other Investment        2.67        2.20        0.48            3.51        1.65        1.86            1.49        0.40        1.09            3.42        2.40         1.02            3.45        3.02         0.43            1.33             1.21            0.12            1.11            1.02            0.09          1.09            0.79            0.30
                                                                                                                                                             i. Interest on Government Transactions        0.01        0.74       (0.73)            0.01        0.58       (0.58)            0.01        0.38       (0.37)            0.01        0.45        (0.44)            0.01        0.50        (0.49)            0.01             0.46           (0.45)            0.01            0.38           (0.37)          0.05            0.23           (0.18)
                                                                                                                         ii. Other        2.67        1.46        1.21            3.50        1.07        2.44            1.47        0.01        1.46            3.42        1.95         1.46            3.44        2.52         0.92            1.33             0.75            0.57            1.10            0.64            0.46          1.04            0.57            0.48
C. CURRENT TRANSFERS       15.95        6.59        9.36            8.12        7.36        0.75            9.29        6.76        2.53            6.52        6.82        (0.30)            8.22        6.78         1.44            7.04             6.92            0.12            7.91            8.05           (0.14)          6.81            8.95           (2.14)
                                                  1. General Government                  4.00        0.34        3.66            2.18        0.31        1.87            3.13        0.33        2.80            2.41        0.37         2.04            1.35        0.52         0.84            2.02             0.52            1.50            2.85            0.71            2.14          1.25            0.37            0.88
                                                  2. Other Sectors       11.95        6.25        5.70            5.94        7.06       (1.12)            6.17        6.43       (0.26)            4.10        6.45        (2.34)            6.86        6.26         0.60            5.02             6.40           (1.37)            5.06            7.34           (2.29)          5.57            8.58           (3.02)
2. CAPITAL AND FINANCIAL ACCOUNT       56.77        5.06       51.71          29.01        4.54       24.47          34.06       20.39       13.67          63.00        4.85       58.15          45.21        2.88       42.33          40.24           16.83          23.41          40.58           22.30          18.28         49.63            6.15          43.48
A. CAPITAL ACCOUNT                                      8.26        1.66        6.61            4.36        1.52        2.83            3.62        1.43        2.20            3.81        1.28         2.53            5.71        1.25         4.46            7.54             1.18            6.36            3.98            1.19            2.80          6.57            1.24            5.33
                                                  1. Capital Transfers                                                                8.26        1.66        6.61            4.36        1.52        2.83            3.62        1.43        2.20            3.81        1.28         2.53            5.71        1.25         4.46            7.54             1.18            6.36            3.98            1.19            2.80          6.57            1.24            5.33
                                                                                                                               a. General Government                                          1.78            -          1.78            2.17            -          2.17            1.52            -          1.52            1.80            -           1.80            3.36            -           3.36            5.20                -              5.20            1.60                -              1.60          0.76               -              0.76
                                                                                                                               b. Other Sectors                                               6.49        1.66        4.83            2.19        1.52        0.66            2.11        1.43        0.68            2.01        1.28         0.73            2.35        1.25         1.10            2.35             1.18            1.17               -                  -                 -                -                 -                 -  
                                                                                                                                                                                       i. Migrant's Transfers                         6.49        1.66        4.83            2.19        1.52        0.66            2.11        1.43        0.68            2.01        1.28         0.73            2.35        1.25         1.10            2.35             1.18            1.17            2.39            1.19            1.20          5.80            1.24            4.57
                                                                                                                                                                                       ii. Other                                          -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  2. Acquisition & Disposal of Non-Produced,                   
                                                                                                                               Non-Financial Assets                                               -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
B. FINANCIAL ACCOUNT                                   48.51        3.41       45.10          24.65        3.02       21.63          30.44       18.97       11.47          59.19        3.57       55.62          39.50        1.63       37.87          32.70           15.65          17.05          36.60           21.11          15.48         43.06            4.91          38.15
                                                  1. Direct Investment       43.20        1.25       41.95          24.17        0.23       23.93          30.06        0.34       29.72          36.34        0.12       36.22          36.57        0.12       36.45          29.75             0.13          29.61          34.46            1.65          32.80         29.52            1.69          27.82
                                                  a. Abroad (outward)            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  b. In Reporting Economy (inward)       43.20        1.25       41.95          24.17        0.23       23.93          30.06        0.34       29.72          36.34        0.12       36.22          36.57        0.12       36.45          29.75             0.13          29.61          34.46            1.65          32.80         29.52            1.69          27.82
                                                  i. Equity       21.20            -         21.20          17.60            -         17.60               -              -              -                 -              -              -                 -              -              -                 -                  -                 -            13.87                -            13.87         20.65               -            20.65
                                                  ii. Reinvested Earnings        6.82            -          6.82            5.26            -          5.26            4.89            -          4.89            2.86            -           2.86            2.08            -           2.08            2.66                -              2.66            3.51                -              3.51          4.54               -              4.54
                                                  iii. Land Sales       13.06            -         13.06            1.01            -          1.01            0.79        0.00        0.79            3.20            -           3.20            1.79            -           1.79            7.74                -              7.74          13.52                -            13.52          3.62            0.00            3.62
                                                  iv. Other        2.13        1.25        0.88            0.30        0.23        0.06          24.38        0.34       24.04          30.28        0.12       30.15          32.70        0.12       32.58          19.35             0.13          19.21            3.56            1.65            1.91          0.70            1.69           (0.99)
                                                  2. Portfolio Investment            -              -              -                 -              -              -                 -          0.24       (0.24)               -              -              -                 -              -              -              0.91                -              0.91            0.01            0.78           (0.77)              -                 -                 -  
                                                  a. Assets            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -              0.78           (0.78)              -              1.03           (1.03)
                                                  b. Liabilities            -              -              -                 -              -              -                 -          0.24       (0.24)               -              -              -                 -              -              -              0.91                -              0.91            0.01                -              0.01              -                 -             (0.70)
                                                  3. Other Investment        5.31        2.16        3.15            0.48        2.78       (2.30)            0.38       18.38      (18.00)          22.85        3.44       19.41            2.93        1.51         1.42            2.04           15.52         (13.48)            2.13           18.68         (16.55)         13.54            2.18          11.36
                                                  a. Public Sector Long Term Loans        0.42        0.59       (0.17)            0.21        0.13        0.08            0.13        0.27       (0.15)            0.02        1.14        (1.11)            0.08        0.59        (0.50)            1.75             0.20            1.55            0.17            0.53           (0.36)          0.33            0.51           (0.18)
b. Other Public Sector Capital            -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  c. Commercial Banks        4.66            -          4.66               -          1.82       (1.82)               -         17.49      (17.49)          22.39            -         22.39            2.57            -           2.57               -             13.00         (13.00)               -             17.37         (17.37)          9.39               -              9.39
                                                  d. Other Assets        0.01        1.57       (1.56)            0.01        0.70       (0.69)            0.02        0.62       (0.60)            0.32        1.54        (1.22)            0.17        0.81        (0.64)            0.01             2.30           (2.29)            0.20            0.71           (0.51)          0.68            1.66           (0.98)
                                                  e. Other Liabilities        0.22            -          0.22            0.26        0.13        0.13            0.23            -          0.23            0.11        0.77        (0.66)            0.10        0.11        (0.01)            0.27             0.01            0.26            1.76            0.07            1.69          3.14            0.02            3.12
3. NET ERRORS AND OMISSIONS                                  -              -        (24.32)               -              -         (1.26)               -              -          9.38               -              -          (7.85)               -              -           9.51               -                  -            12.09               -                  -            15.34              -                 -              1.29
4. OVERALL BALANCE                                          -              -          1.82               -              -          2.10               -              -          1.95               -              -           1.68               -              -           0.36               -                  -              3.54               -             (1.81)            1.81              -             (6.36)            6.36
5. FINANCING                                            0.28        2.10       (1.82)               -          2.10       (2.10)               -          1.95       (1.95)               -          1.68        (1.68)               -          0.36        (0.36)               -               3.54           (3.54)               -              1.81           (1.81)              -              6.36           (6.36)
                                                  Change in SDR Holdings                                                                  -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  Change in Reserve Position with the IMF                                                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  Change in Government Foreign Assets                                                 0.28            -          0.28               -              -              -                 -              -              -                 -              -              -                 -              -              -                 -                  -                 -                 -                  -                 -                -                 -                 -  
                                                  Change in Imputed Reserves                                                              -          2.10       (2.10)               -          2.10       (2.10)               -          1.95       (1.95)               -          1.68        (1.68)               -          0.36        (0.36)               -               3.54           (3.54)               -              1.81           (1.81)              -              6.36           (6.36)
                                                         
September 7, 2004
10:58 AM