IMF Staff Country Reports

Vanuatu: Recent Economic Developments

April 3, 1995

Preview Citation

Format: Chicago

Vanuatu: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 8, 2024

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.

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

Keywords: Asia and Pacific, Australia and New Zealand, Bank deposits, Commodity export receipt, CR, Deposit, Deposit rates, Duty rate, Export, Export duty, Exports, F.o.b. export price, Foreign currency deposit rate, Imports, Interest rate, ISCR, Pacific Islands, Price, Rate, Return on equity, Savings deposit, Tax haven status, Trading partner country, Vanuatu authorities, Vanuatu bank, Vanuatu economy, Vatu

Publication Details

  • Pages:

    77

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1995/028

  • Stock No:

    1VUTEA0011995

  • ISBN:

    9781451840452

  • ISSN:

    1934-7685

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.

You May Also Be Interested In...

Vietnam: Technical Assistance Report-Report on Residential Property Price Index Mission (April 22-26, 2024)

November 8, 2024

Citizens Perceptions of Tax Authorities and Tax Efficiency

November 8, 2024

The Federal Democratic Republic of Ethiopia: First Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia

November 4, 2024

Kenya: Seventh and Eighth Reviews Under the Extended Fund Facility and Extended Credit Facility Arrangements, Requests for Reduction of Access, Augmentation and Rephasing of Access Under the Arrangements, Modifications of Performance Criteria, Waiver of Nonobservance of Performance Criteria, and Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Kenya

November 1, 2024