St. Vincent and the Grenadines: Recent Economic Development

International Monetary Fund

No 1996/134, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in St. Vincent and the Grenadines during the 1990s. Between 1990 and 1995, real GDP growth (at factor costs) averaged 4 percent per year, but varied widely from year to year, largely reflecting developments in the banana industry, St. Vincent’s principal crop. After three years of solid growth in 1990–92, the economy stagnated in 1993–94, as severe weather conditions sharply reduced banana harvests. Real GDP growth climbed to more than 7 percent in 1995 with a substantial recovery in banana production.

Keywords: ISCR; CR; balance of payments; current account; foreign currency; debt service; terms of trade; unit price; net credit; EC dollar; ECCB borrowing; GDP deflator; net ECCB borrowing; unclassified asset; pricing system; net acquisition; totaling EC; basic price; consumer goods; Commercial banks; Public sector; Exports; Agricultural commodities; Loans; Caribbean (search for similar items in EconPapers)
Pages: 59
Date: 1997-01-23
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