Vanuatu : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

August 26, 1996

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.

Series:

Country Report No. 96/75

Subject:

English

Publication Date:

August 26, 1996

ISBN/ISSN:

9781451840469/1934-7685

Stock No:

1VUTEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

53

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