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St. Vincent and the Grenadines: Recent Economic Developments

International Monetary Fund

No 1994/012, IMF Staff Country Reports from International Monetary Fund

Abstract: This report analyzes economic developments in St. Vincent and the Grenadines in the first half of the 1990s. Real GDP increased at an average annual rate of 5 percent in 1988–93, reflecting sustained growth in most sectors except for agriculture and manufacturing, which showed some volatility. In 1993, economic growth slowed to 1.4 percent as a sharp decline in agricultural production and in manufacturing activity only partly offset growth in the construction and tourism sectors.

Keywords: ISCR; CR; current account; U.S. dollar; capital expenditure; foreign currency; balance due; consumer goods; debt service; pound sterling; unit price; ECCB borrowing; net credit; time deposit; ECCB area bank; Eastern Caribbean dollar; EC dollar terms; Commercial banks; Exports; Agricultural commodities; Loans; Credit; Caribbean (search for similar items in EconPapers)
Pages: 61
Date: 1994-03-15
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