Dominica: Recent Economic Developments
July 18, 1997
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This paper describes economic developments in Dominica during the 1990s. The paper highlights that despite the low overall growth rates observed in 1991–95, output in service-related industries grew rapidly. The hotels and restaurants sector expanded at a yearly average rate of 7.5 percent in 1991–95, while Dominica’s tourism receipts increased at an average annual rate of about 9 percent. Tourism expansion also stimulated transportation services, and value added in the transportation sector grew on average by 4½ percent annually.
Subject: Agricultural commodities, Commercial banks, Commodities, Economic sectors, Exports, External debt, Financial institutions, International trade, Public sector
Keywords: Agricultural commodities, balance of payments, banana export earnings, Caribbean, Commercial banks, CR, exchange rate, Exports, factor cost, foreign exchange, gross investment, ISCR, official borrowing, pound sterling, private sector, Public sector, U.S. dollar
Pages:
72
Volume:
1997
DOI:
Issue:
053
Series:
Country Report No. 1997/053
Stock No:
1DMAEA0011997
ISBN:
9781451810745
ISSN:
1934-7685
