St. Kitts and Nevis: Recent Economic Developments

This paper reviews economic developments in St. Kitts and Nevis during 1993-95. Economic performance was broadly satisfactory in 1993-94 with high real GDP growth, low inflation, and a favorable external position. Faced with increased external competition and reduced concessional aid flows, the gove...

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Bibliographic Details
Corporate Author: International Monetary Fund (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 1995
Series:IMF Staff Country Reports IMF Staff Country Report No. 95/59
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Summary:This paper reviews economic developments in St. Kitts and Nevis during 1993-95. Economic performance was broadly satisfactory in 1993-94 with high real GDP growth, low inflation, and a favorable external position. Faced with increased external competition and reduced concessional aid flows, the government has pursued a development strategy aimed at diversifying the economy away from the sugar industry toward tourism-led activities. As a result, the tourism sector expanded rapidly, generating substantial employment opportunities and foreign exchange earnings, the economic structure being centered on service-oriented activities
Physical Description:1 Online-Ressource (64 p)
ISBN:1451821921
9781451821925

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