Cover IMF Staff Country Reports
Vanuatu: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1996: Issue 075
Language:
English
Publication Date:
26 Aug 1996
DOI:
https://doi.org/10.5089/9781451840469.002
ISBN:
9781451840469
ISSN:
1934-7685
Pages:
53
Keywords:
ISCR; CR; price; Vanuatu; Vermont; export; deficit; Vanuatu economy; CPI basket; timber export; development fund; vatu deposits rate; tourism receipts; log export; Vanuatu authorities; export ban; export commodity; development expenditure; foreign exchange receipt; Exports; Bank deposits; Imports; Tourism; Pacific Islands; Global
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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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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1996: Issue 075