The Department of Statistics (STAT) released the "rebased" population estimates, derived from vital statistics (i.e. number of births, deaths, registered immigration, and emigration) provided by the Civil Registry Department. These estimates offer a comprehensive and accurate reflection of the current demographic landscape in our nation.
The Consumer Price Index (CPI) increased in the fourth quarter of 2023 to 112.30, which represented an increase of 2.61% when compared to the previous quarter. Additionally, when comparing consumer prices in quarter four of 2022 to quarter four of 2023 the results show a notable increase of 3.16%
This marks a 6% increase in stayover arrivals compared to the preceding year (2022), Which saw 372,808 Visitors. This figure represents a growth of 24% over the pre-pandemic 2019 (319,696) and an even larger growth of 59% from the post-pandemic in 2021 (248,852).
While it is important to note that the current figures have not yet reached the high-water mark set in 2016 registering 528,153 guests, with the continued upward trajectory it is highly anticipated that the country will surpass the 2016 record in the coming years.
The Consumer Price Index (CPI) increased in the third quarter of 2023 to 109.44, which represented an increase of 0.69% when compared to the previous quarter. Additionally, when comparing consumer prices in the past year quarter three of 2022 to quarter three of 2023 the results show a notable increase of 2.00%.