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

February 19, 2002

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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, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

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.

Subject: Agricultural commodities, Commodities, Economic sectors, Expenditure, National accounts, Public debt, Public enterprises, Public investment spending, Public sector savings

Keywords: Agricultural commodities, Authorities in St. Vincent and the Grenadines, Authorities' preference, Caribbean, Central government saving, CR, GDP, Government, ISCR, Outturn, Public enterprises, Public investment spending, Public sector savings, Report, Revenue receipt, Tourist performance

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/026
Stock No:

1VCTEA0022002
ISBN:

9781451839975
ISSN:

1934-7685

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