Front Matter Page
© 2000 International Monetary Fund
October 2000
IMF Country Report No.00/129
Vanuatu: Recent Economic Developments
This Recent Economic Developments report on Vanuatu was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Vanuatu or the Executive Board of the IMF.
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Front Matter Page
INTERNATIONAL MONETARY FUND
VANUATU
Recent Economic Developments
Prepared by J.Greene(INS), J.Aziz, Y.Nishigaki(both APD), and Y.Wang(TRE)
Approved by the Asia and Pacific Department
July 18,2000
Contents
Summary Indicators
I. Overview
II. Output and Expenditure
A. Economic Structure
B. Aggregate Supply and Demand
C. Sectoral Developments
III. Prices and Population
A. Prices
B. Population
IV. Public and Finance
A. Developments in 1998
B. Developments in 1999
C. The 2000 Budget
V. Financial Sector
A. Money and Credit
B. Interest Rates
C. Bank Supervision
VI. External Sector Developments
A. Balance of Payments
B. Trade Balance
C. Services Account
D. Income and Transfers
E. Financial Account
F. External Public Debt
G. Exchange and Trade System
VII. Structural Issues: The Comprehensive Reform Program
Tables
1. Gross Domestic Product by Type of Economic Activity in Constant 1983 Prices, 1995-99
2. Gross Domestic Product by Type of Economic Activity in Current Prices, 1995-99
3. Agricultural Production, 1995-99
4. Electricity Production by Union Electrique du Vanuatu in Port Vila and Luganville, 1995-99
5. Imports of Petroleum Products, 1995-99
6. Tourism Statistics, 1995-99
7. Consumer Price Index, 1995-2000Q1
8. Population Growth, 1989-99
9. Central Government Fiscal Operations, 1996-99
10. Central Government Revenue, 1996-99
11. Central Government Current Expenditure, 1996-99
12. Operations of the Vanuatu Commodities Marketing Board, 1995-99
13. Operations of the Vanuatu National Provident Fund, 1995-99
14. Factors Affecting Reserve Money, 1995-March 2000
15. Monetary Survey, 1995-March 2000
16. Operations of Commercial Banks, 1995-March 2000
17. Distribution of Commercial Banks’ Assets and Liabilities in Foreign Currencies, 1995-March 2000
18. Commercial Bank Credit to Residents by Sector, 1995-March 2000
19. Selected Interest Rates, 1995-March 2000
20. Development Bank of Vanuatu Loan Approvals, 1995-99
21. Balance of Payments, 1996-99
22. Composition of Exports, 1995-99
23. Composition of Imports, 1995-99
24. Direction of Trade, 1995-99
25. Services Account, 1996-99
26. Income Account, 1996-99
27. Official Transfers, 1996-99
28. Long-Term Capital Account Transactions, 1996-99
29. External Public Debt and Debt Service, 1995-99
Figures
1. Nominal GDP and Export Earnings by Sector
2. Population and Population Growth Rates of Selected Countries and Territories in the South Pacific
3. Fiscal Indicators, 1995-99
4. Monetary Indicators, 1995-2000Q1
5. Interest Rate Indicators, 1995-2000Q1
6. External Sector Indicators, 1995-99
7. Exchange Rate Indices, 1995-April 2000