Dominica: Recent Economic Developments

July 24, 1995

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Dominica: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 25, 2024

Summary

This report describes recent economic developments in Dominica. It highlights that the major trading partners of Dominica are the United Kingdom, the United States, and members of the Caribbean Common Market. Efforts to broaden Dominica’s economic base thus far have been met with limited success. Growth in the tourism sector accelerated in the 1990s, but was concentrated on cruise ship passengers because of poor airport access and inadequate hotel capacity. Because of its narrow agricultural base, the economy remains vulnerable to external shocks. The report also describes the public finances and external sector of Dominica.

Subject: Agricultural commodities, Commercial banks, Commodities, Credit, Expenditure, Exports, External debt, Financial institutions, International trade, Public investment spending

Keywords: Agricultural commodities, Caribbean, Commercial banks, CR, DBMC export, Dollar, Dominica, E.C. dollar, ECCB charter, Export, Exports, Factor cost, Fy, ISCR, Net, Pound sterling, Public investment spending, Tourism sector, Trading partner

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/069
Stock No:

1DMAEA0011995
ISBN:

9781451810721
ISSN:

1934-7685

Notes

This report on recent economic developments in Dominica 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.

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