IMF Staff Country Reports

St. Vincent and The Grenadines: Staff Report for the 2000 Article IV Consultation

Publication Date:

November 13, 2000

Electronic Access:

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Summary:

The government of St. Vincent and the Grenadines has launched an economic diversification program in the mid-1990s and strengthened measures to deal with the decline in the banana sector, which has been the economy's mainstay for several decades. Reflecting some success from these efforts, real gross domestic product growth—which has averaged 2½ percent a year during 1993–97 with significant volatility—has surged to 5 percent a year during 1998–99. The last census in 1991 has estimated the unemployment rate at 19 percent.

Series:

Country Report No. 2000/149

Subject:

Agricultural commodities External debt Public debt Public sector Tax incentives