Vanuatu: Recent Economic Developments
April 3, 1995
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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
Pages:
77
Volume:
1995
DOI:
Issue:
028
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.
