Vanuatu : Recent Economic Developments.

This paper describes economic developments in Vanuatu during the first half of the 1990s. In 1995, economic growth recovered to more than 3 percent, following the slowdown in the previous year, owing to increased agricultural production, especially of copra and cocoa, and the growth in construction...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1996.
Series:IMF Staff Country Reports; Country Report ; No. 1996/075
Online Access:Full text available on IMF
Description
Summary:This paper describes economic developments in Vanuatu during the first half of the 1990s. In 1995, economic growth recovered to more than 3 percent, following the slowdown in the previous year, owing to increased agricultural production, especially of copra and cocoa, and the growth in construction and tourism. Inflation remained below 2 percent, notwithstanding the impact of a new turnover tax on consumer prices, owing to a sharp reduction in import tariffs and a decline in rental prices. The overall fiscal deficit narrowed mainly owing to lower capital expenditure.
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Physical Description:1 online resource (53 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students