A note on the measurement of output in the construction sector

Author(s): Ward, Warrick; Belgrave, Anton (1998)

Created 22 Jul, 1998
Categories Working Papers
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In addition to employing a significant proportion of the male workforce, the construction sector is a key component of the non-traded sector in the economy of Barbados. Generally, a continually robust growth in the construction sector has also tended to be a precursor of a future balance of payments crisis. Despite this, several problems exist in the measurement of output within the construction sector. This note examines the current methodology employed and suggests areas of improvement. At least one other relevant indicator is currently available and we will seek to incorporate this into the output measure.

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