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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.

Banks and Banking --- Exports and Imports --- Public Finance --- Industries: Hospital,Travel and Tourism --- Trade: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Sports --- Gambling --- Restaurants --- Recreation --- Tourism --- National Government Expenditures and Related Policies: General --- International economics --- Banking --- Hospitality, leisure & tourism industries --- Public finance & taxation --- Exports --- Bank deposits --- Imports --- Expenditure --- International trade --- Financial services --- Economic sectors --- Banks and banking --- Expenditures, Public --- Vanuatu