Dominica: Recent Economic Developments

International Monetary Fund

No 1997/053, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Dominica during the 1990s. The paper highlights that despite the low overall growth rates observed in 1991–95, output in service-related industries grew rapidly. The hotels and restaurants sector expanded at a yearly average rate of 7.5 percent in 1991–95, while Dominica’s tourism receipts increased at an average annual rate of about 9 percent. Tourism expansion also stimulated transportation services, and value added in the transportation sector grew on average by 4½ percent annually.

Keywords: ISCR; CR; U.S. dollar; private sector; foreign exchange; balance of payments; factor cost; banana export earnings; gross investment; pound sterling; exchange rate; official borrowing; Agricultural commodities; Commercial banks; Exports; Public sector; Caribbean (search for similar items in EconPapers)
Pages: 72
Date: 1997-07-18
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