IMF Staff Country Reports

Vanuatu: Recent Economic Developments

Publication Date:

April 3, 1995

Summary:

This paper describes economic developments in Vanuatu during the 1990s. In 1993, real GDP growth rebounded to 4½ percent. Agricultural output recovered from the effects of the 1992 cyclones, and construction activities picked up on account of cyclone rehabilitation and a new stadium. Reflecting increased import demand associated with these activities, as well as substantially lower export prices and weak tourism receipts, the external current account registered a deficit equivalent to 6 percent of GDP. Inflation slowed to less than 2 percent in line with the trend in import prices.

Series:

Country Report No. 1995/028

Subject:

Bank deposits Banking Deposit rates Exports Financial services Imports International trade Revenue administration

Notes:

This report on recent economic developments in Vanuatu was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.