Vanuatu: Recent Economic Developments

International Monetary Fund

No 1996/075, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Vanuatu during the first half of the 1990s. In 1995, economic growth recovered to more than 3 percent, following the slowdown in the previous year, owing to increased agricultural production, especially of copra and cocoa, and the growth in construction and tourism. Inflation remained below 2 percent, notwithstanding the impact of a new turnover tax on consumer prices, owing to a sharp reduction in import tariffs and a decline in rental prices. The overall fiscal deficit narrowed mainly owing to lower capital expenditure.

Keywords: ISCR; CR; price; Vanuatu; Vermont; export; deficit; Vanuatu economy; CPI basket; timber export; development fund; vatu deposits rate; tourism receipts; log export; Vanuatu authorities; export ban; export commodity; development expenditure; foreign exchange receipt; Exports; Bank deposits; Imports; Tourism; Pacific Islands; Global (search for similar items in EconPapers)
Pages: 53
Date: 1996-08-26
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=1631 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1996/075

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().