St. Vincent and the Grenadines: 2001 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for St. Vincent and the Grenadines

International Monetary Fund

No 2002/026, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2001 Article IV Consultation highlights that in recent years, economy of St. Vincent and the Grenadines has diversified from bananas into services, mainly tourism, telephone and Internet-based marketing, and offshore financial services. However, the rate of economic growth declined sharply to 2 percent in 2000. The external current account deficit is estimated to have doubled to about 16½ percent of GDP in 2001 largely owing to a decline in banana export volumes, higher imports, and a slowdown in tourism receipts and remittances.

Keywords: ISCR; CR; government; GDP; report; outturn; central government saving; authorities in St. Vincent and the Grenadines; authorities' preference; revenue receipt; tourist performance; Public investment spending; Public sector savings; Public enterprises; Agricultural commodities; Caribbean (search for similar items in EconPapers)
Pages: 41
Date: 2002-02-19
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