Economy & Data
Reading the national accounts of a service-based island economy
The headline output figure hides a structure in which a few sectors carry most of the weight and move independently of each other.
Economy & Data
Economy & Data
Economy & Data
Trade, remittances and the balance of payments in an open economy
A large merchandise trade deficit is normal here, and understanding what offsets it is the whole of reading the external accounts.
Economy & Data
Public finances: debt, disasters and the fiscal cycle of a small island state
Small island fiscal positions follow a recognisable pattern in which natural disasters are a budget line rather than an exception.
Economy & Data
Employment, informality and what labour statistics do not capture
Standard labour market categories were designed for economies with large formal wage sectors, and they fit small island labour markets imperfectly.
Economy & Data
Prices, the cost of living and why comparisons across countries mislead
Cost of living comparisons between an import-dependent island and a large mainland economy compare baskets that are not the same basket.
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