Vanuatu: Recent Economic Developments

August 26, 1996

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Vanuatu: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed December 22, 2024

Summary

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.

Subject: Bank deposits, Economic sectors, Expenditure, Exports, Financial services, Imports, International trade, Tourism

Keywords: Bank deposits, CPI basket, CR, Deficit, Development expenditure, Development fund, Export, Export ban, Export commodity, Exports, Foreign exchange receipt, Global, Imports, ISCR, Log export, Pacific Islands, Price, Timber export, Tourism, Tourism receipts, Vanuatu, Vanuatu authorities, Vanuatu economy, Vatu deposits rate, Vermont

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/075
Stock No:

1VUTEA0011996
ISBN:

9781451840469
ISSN:

1934-7685

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