Montserrat Economic Indicators

Percent change in the CPI from the same month last year.

The money supply is the total amount of currency and other liquid instruments circulating in the economy. The indicator represents the broad money that include currency outside banks; demand, time, saving, and foreign currency deposits of resident sectors other than the central government; bank and traveler's checks; and other securities such as certificates of deposit and commercial paper.

The Consumer Price Index (CPI) measures the changes in the cost of a basket of goods and services consumed by the average urban household.

The percentage change in the CPI from one month to the next.

Percent change in the CPI from the same month last year.

Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.

Business credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms. Included are all credit institutions: domestic and foreign owned as well as private and public ones.

Household credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.

Loans provided by commercial banks for the purchase of non-commercial real estate. In billion local currency units.

Loans provided by commercial banks to households and individuals for the purchase of goods and services, excluding real estate. In billion local currency units.

The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.

The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.

The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.

The amount of local currency units that can be exchanged for one USD. An increase (decrease) means USD appreciation (depreciation). The values are monthly averages of the daily exchange rates provided by Google Finance.

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

S&P includes long-term ratings from the highest AAA to the lowest D rating. Moody’s includes long-term ratings from the highest Aaa to the lowest C. Fitch includes long-term ratings from the highest AAA to the lowest D rating. Scope includes long-term foreign-currency ratings from the highest AAA to the lowest D rating.

For all four international credit rating agencies, ratings are divided into two main groups based on the level of credit risk: investment grade for lower levels of credit risk and speculative grade for higher levels of credit risk. For S&P, Fitch and Scope, investment grade issues/issuers are those rated from BBB- and above, while those from BB+ and below are categorized as speculative grade. Moody’s denotes as investment grade issues/issuers as those rated from Baa3 and above, while ratings from Ba1 and below fall into the category of speculative grade.

All four agencies include modifiers into their generic alphabet-based ratings for particular ranges. Ratings from S&P, Fitch and Scope are modified with “+” or “-” from the range AA to CCC. Moody’s appends numerical modifiers from 1 to 3 to the generic rating classifications from Aa to Caa. 1 indicates standing in the higher end of the generic category, while 3 indicates ranking in the lower end. All modifiers denote relative status within major ratings categories.

Rating Outlooks indicate the direction the rating is likely to move over a one- to two-year period. In determining an outlook, consideration is given to any changes in fundamental business conditions. Credit Watch focuses on identifiable events that cause ratings to be placed under special surveillance.

Rating Outlooks/Watches for the four agencies are the following:

- Positive means that a rating may be raised
- Negative means that a rating may be lowered
- Stable means a rating is not likely to change
- When the fundamental trend has strong, conflicting elements of both positive and negative, the Outlook/Watch can be denoted as Developing (for Scope, a Stable Outlook would be assigned in this case).

Credit Watches do not include a Stable Watch because they are only event driven and denote higher probability of change in the rating. Credit Outlooks and Watches are mutually exclusive.

Proved reserves of crude oil are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.

Oil production, thousand barrels per day

Oil consumption (Total petroleum consumption) includes internal consumption, refinery fuel and loss, and bunkering. Also included, where available, is direct combustion of crude oil.

Annual consumption of distillate fuel oils which consist of two main categories: diesel fuel and heating oil.

Gasoline production includes production of: conventional gasoline; all types of oxygenated gasoline, including gasohol; and reformulated gasoline; but excludes production of aviation gasoline. Volumetric data on blending components, such as oxygenates, are not counted in data on finished motor gasoline until the blending components are blended into the gasoline.

Gasoline consumption includes the consumption of: conventional gasoline; all types of oxygenated gasoline, including gasohol; and reformulated gasoline; but excludes the consumption of aviation gasoline. Volumetric data on blending components, such as oxygenates, are not counted in the data on finished motor gasoline until the blending components are blended into the gasoline.

Liquefied petroleum gases include ethane, ethylene, propane, propylene, normal butane, butylene, isobutane, and isobutylene. The Liquefied Petroleum Gases production also includes, where data are available, liquefied petroleum gases sold directly from natural gas processing plants for fuel or chemical uses and pentanes plus.

Liquefied petroleum gases include ethane, ethylene, propane, propylene, normal butane, butylene, isobutane, and isobutylene. The Liquefied Petroleum Gases consumption also includes, where data are available, liquefied petroleum gases sold directly from natural gas processing plants for fuel or chemical uses and pentanes plus.

The indicator estimates the volume of jet fuel produced within a country expressed in thousand barrels per day. Jet fuel is a refined petroleum product used in jet aircraft engines and it includes kerosene-type jet fuel and naphtha-type jet fuel.

The indicator estimates the volume of jet fuel consumed within a country expressed in thousand barrels per day. Jet fuel is a refined petroleum product used in jet aircraft engines and it includes kerosene-type jet fuel and naphtha-type jet fuel.

Proven reserves of coal in million short tons. A short ton equals exactly 2,000 pounds or 907.18 kilograms.

Total primary coal production (Coal includes anthracite, subanthracite, bituminous, subbituminous, lignite, brown coal, and oil shale.)

Coal consumption includes anthracite, subanthracite, bituminous, subbituminous, lignite, brown coal, and oil shale. It also includes net imports of metallurgical coke.

Amount of foreign coal shipped to the country.

Amount of coal shipped to foreign destinations.

Total Electricity Installed Capacity (Million Kilowatts)

Total electricity net generation (Net generation excludes the energy consumed by the generating units)

Total Electricity Net Consumption = total net electricity generation + electricity imports - electricity exports – electricity transmission and distribution losses. Net consumption excludes the energy consumed by the generating units.

Annual import of electricity in billion kWh.

Annual export of electricity in billion kWh.

Total capacity to produce electricity from renewable resources in million kilowatts.

Total Renewables Electricity Net Generation (Net generation excludes the energy consumed by the generating units and also excludes generation from hydroelectric pumped storage)

Installed capacity to produce electricity from fossil fuels including oil, coal, and natural gas.

Billion kilowatthours of electricity generated from fossil fuels including oil, coal, and natural gas.

Installed capacity to produce electricity from wind in million kilowatts.

Billion kilowatthours of electricity generated from wind.

Installed capacity to produce electricity from sunlight in million kilowatts.

Billion kilowatthours of electricity generated from sunlight.

Installed capacity to produce hydroelectricity in million kilowatts.

Hydroelectric generation excludes generation from hydroelectric pumped storage.

Installed capacity to produce hydroelectricity in million kilowatts.

Nuclear electricity net generation (Net generation excludes the energy consumed by the generating units)

Installed capacity to produce geothermal electricity in million kilowatts.

Billion kilowatthours of geothermal electricity generated.

The number of new confirmed COVID cases per month.

New confirmed Covid cases per million people during a month.

The total number of Covid cases at the end of month.

Total Covid cases per million people at the end of month.

Total vaccinations for Covid at the end of month.

Total Covid vaccinations per hundred people.

Total people vaccinated against Covid at the end of month.

Total people vaccinated against Covid per hundred people.

Total fully-vaccinated people against Covid.

Covid fully vaccinated people per hundred people.

The number of confirmed new deaths from Covid during a month.

New confirmed deaths from Covid per million people during a month.

The total number of deaths from Covid at the end of month.

Total Covid deaths per million people.

The share of world oil reserves is calculated as the proven oil reserves of a country as percent of the total proven oil reserves for the world.

Number of homicides per 100,000 people per year.

The cost of living index summarizes the level of prices paid by households and non-profit organizations that provide services to households. It incorporates all goods and services in the average consumption basket with appropriate weights. The data are from the World Bank International Comparison Program.

Broad based food price index. The world average food price level is set at 100. Higher values for a country indicate more expensive food prices relative to the world and other countries.

Broad-based fruit price index with world average set at 100. Higher values indicate greater prices.

Broad-based vegetable price index with world average set at 100. Higher values indicate greater prices.

The index measures the cost of bread and cereals with a world average set at 100. Higher values indicate more expensive bread and cereals relative to other countries.

Index of milk, cheese, and eggs prices with a world average set at 100. Higher values indicate higher prices.

The index measures the cost of meat and allows international price comparison.

Index of fish and seafood prices with a world average set at 100. Higher values of the index indicate higher fish and seafood prices.

The index measures the cost of in-store retail alcoholic beverage purchases. The world average is set at 100 with greater values indicating more expensive alcohol.

A broad-based index of the cost of clothing and footwear designed to allow international comparison.

The index reflects the cost of housing, gas, electricity and other fuels. The world average price level is set at 100. Higher values indicate more expensive housing and utilities prices relative to the world average and other countries.

The index measures the cost of furniture, household equipment, and household maintenance services.

A broad-based healthcare cost index that allows comparison between countries. The world average is set at 100 and higher index values indicate higher a healthcare cost.

The transport price index is a broad measure of the cost of road, rail, and air transport. The values across countries can be compared to determine relative price levels.

The hotel and restaurant price index shows the relative prices of those services across countries. Greater values indicate higher prices.

The index summarizes the cost of vehicle purchases by country to allow international price comparison. The world average is set at 100.

The index measures the prices of communication services including mobile phone plans and internet connections.

The index measures the cost of recreation and culture services such as the prices of books and tickets for movies, theatre, museums and sporting events.

The index measures the cost of education services across all levels of education.

The index measures the general price level for machinery and equipment by country with a world average set at 100.