IMF Staff Country Reports

St. Vincent and the Grenadines: Recent Economic Development

January 23, 1997

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St. Vincent and the Grenadines: Recent Economic Development, (USA: International Monetary Fund, 1997) accessed November 23, 2024

Summary

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.

Subject: Agricultural commodities, Commercial banks, Commodities, Credit, Economic sectors, Exports, Financial institutions, International trade, Loans, Public sector

Keywords: Agricultural commodities, Balance of payments, Basic price, Caribbean, Commercial banks, Consumer goods, CR, Current account, Debt service, EC dollar, ECCB borrowing, Exports, Foreign currency, GDP deflator, ISCR, Loans, Net acquisition, Net credit, Net ECCB borrowing, Pricing system, Public sector, Terms of trade, Totaling EC, Unclassified asset, Unit price

Publication Details

  • Pages:

    59

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1996/134

  • Stock No:

    1VCTEA0011996

  • ISBN:

    9781451839883

  • ISSN:

    1934-7685