IMF Staff Country Reports

St. Vincent and the Grenadines: Recent Economic Development

Publication Date:

January 23, 1997

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.

Series:

Country Report No. 1996/134

Subject:

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