Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund.
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| ISBN: | 1463907486
9781463907488
9781463907488
9781451821925
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| Notes: | Available in PDF, ePUB, and Mobi formats on the Internet.
Online resource; title from HTML home page (IMF, viewed Feb. 4, 2015).
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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.
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