The World's Best Sub-Custodians

ANNUAL SURVEY: THE WORLD'S BEST SUB-CUSTODIANS

Sub-Custodians Feeling The Heat

Global investing in turbulent times puts the spotlight on local safekeepers.

By Gordon Platt

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As they seek to reassure investors that their assets in foreign markets are in safe ...

 
 
Source
Central bank

N/A

International Reserves

US$ 213.434 million (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 1.303 billion (2010 estimate)

GDP (Purchasing Power Parity)

2.168 billion of International dollars (2010 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-4.1% 0.6% 3.5% 3.8% 4.4% 4.8% 1.5% 5.8%
2009 2010 2011 2012*        
-1.3% 3.4% 0.2% 1.9%        

*Estimate

GDP per capita - current prices

US$ 7,770 (2010 estimate)

GDP per capita - PPP

$12,927 International Dollars (2010 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0% 0% 0% 0% 0%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 4.1% 
  • industry: 18.4% 
  • services: 77.5% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
-0.2%(2008) 3.3% 2.8% 3.2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
58.8% 63.2% 65.3% 71.9% 76.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-0.9% -3.2% -4.8% -7.5% -7.4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Saint Lucia

N/A

 
 
Source
Current account balance

US$ -220 million (2011 estimate)(After 2008)

Current account balance by percentage of GDP

-16.9% of GDP (2010 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

47.3% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.01% (2011)(2007)

(Data were released in 2012)

Total exports

US$209.6 million (2012 estimate) 

Export commodities

bananas 41%, clothing, cocoa, avacados, mangoes, coconut oil

Total imports

US$315.7 million (2012 estimate) 

 
 
Source
Import commodities

food 23%, manufactured goods 21%, machinery and transportation equipment 19%, chemicals, fuels

Exports - major partners

Colombia 21%, US 14.9%, Peru 8.5%, Antigua and Barbuda 8.1%, Dominica 7.9%, Barbados 7.1%, Trinidad and Tobago 6.6%, UK 5.6%, Grenada 5.4% (2011)

Imports - major partners

Brazil 78.8%, US 8.4%, Trinidad and Tobago 5.1% (2011)

FDI inflows
2009 2010 2011
US$146 million US$110 million(2009) US$76 million(2009)
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 53 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 51 out of 185 countries(2009)

Enforcing Contracts: 168 out of 185 countries

Registering Property: 117 out of 185 countries

Getting credit: 104 out of 185 countries

Protecting investors: 32 out of 185 countries

Trading across border: 109 out of 185 countries

Paying Taxes: 43 out of 185 countries

Dealing with Construction Permits: 11 out of 185 countries

Getting Electricity: 12 out of 185 countries

Resolving Insolvency: 61 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

N/A

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 24 Score: 71.3 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

539 km2 (2006)

Capital

Castries (2009)

Currency

East Caribbean dollars (XCD) (2009)

Government type

parliamentary democracy and a Commonwealth realm (2009)

Languages

English (official), French patois

Religions

Roman Catholic 67.5%, Seventh Day Adventist 8.5%, Pentecostal 5.7%, Rastafarian 2.1%, Anglican 2%, Evangelical 2%, other Christian 5.1%, other 1.1%, unspecified 1.5%, none 4.5% (2001 census)

Total population
1980 1990 2000 2012* 2017**
0.12 million 0.13 million 0.16 million 0.17 million N/A

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
21.5% 26.5% 28% 17.6%
Population median age

27 years (2010)

Population growth rate

1.1% (2011)

Life expectancy

74 years (2010)

% of population living on less than $2 a day

40.60% (2011)

Inequality of wealth distribution (Gini index)

42.58 (1995)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

143.39% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

42% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

Source
CO2 emissions(Metric tons of CO2 per capita)

2.2324 (Data were released in 2012 and refer to 2009)

World's Best Subcustodian Banks