Saint Vincent and the Grenadines


Saint Vincent and the Grenadines Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Saint Vincent and the Grenadines; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank N/A
International Reserves US$ 89.626 million (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 728 million (2010 estimate)
GDP (Purchasing Power Parity) 1.301 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-0.1% 3.2% 2.8% 6.8% 2.6% 7.6% 8% -0.6%
2009 2010 2011 2012*
-2.3% -1.8% -0.4% 2%

*Estimate

GDP per capita - current prices US$ 6,641 (2001 estimate)
GDP per capita - PPP $11,864 International Dollars (2001 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0% 0% 0% 0% 0%

**Forecast

GDP - composition by sector
  • agriculture: 7.6% 
  • industry: 25.3% 
  • services: 67% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
0.4%(2008) 0.8% 3.2% 2.7%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
57% 64.9% 67.8% 71.4% 70.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-1.4% -3.2% -5.8% -3.9% -2.2%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Saint Vincent and the Grenadines N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -183 million (2010 estimate)(After 2008)
Current account balance by percentage of GDP -25.1% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

25.4% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0% (2011)(2007)

(Data were released in 2012)

Total exports US$68.3 million (2012 estimate) 
Export commodities bananas, eddoes and dasheen (taro), arrowroot starch; tennis racquets
Total imports US$366.5 million (2012 estimate) 
Import commodities foodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels
Exports - major partners Trinidad and Tobago 12.1%, Austria 12%, St. Lucia 10.7%, France 9.6%, Turkey 9%, Barbados 8.9%, Dominica 7%, Grenada 6.7%, Antigua and Barbuda 6.1% (2011)
Imports - major partners Singapore 25.4%, Trinidad and Tobago 17.9%, US 12.8%, China 12.5%, Norway 7.6% (2011)
FDI inflows
2009 2010 2011
US$97 million US$103 million(2009) US$135 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 75 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 64 out of 185 countries(2009)

Enforcing Contracts: 99 out of 185 countries

Registering Property: 145 out of 185 countries

Getting credit: 129 out of 185 countries

Protecting investors: 32 out of 185 countries

Trading across border: 43 out of 185 countries

Paying Taxes: 72 out of 185 countries

Dealing with Construction Permits: 5 out of 185 countries

Getting Electricity: 22 out of 185 countries

Resolving Insolvency: 185 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
N/A

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 52 Score: 66.5 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-4
Total area 389 km2 (2006)
Capital Kingstown (2009)
Currency East Caribbean dollars (XCD) (2009)
Government type parliamentary democracy and a Commonwealth realm (2009)
Languages French (official language), English, Dutch, French Patois, Spanish, Papiamento (dialect of Netherlands Antilles)
Religions Anglican 47%, Methodist 28%, Roman Catholic 13%, other (includes Hindu, Seventh-Day Adventist, other Protestant) 12%
Total population
1980 1990 2000 2012* 2017**
0.1 million 0.11 million 0.11 million 0.11 million N/A

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
13.9% 27.2% 44.4% 49.3%
Population median age 28 years (2010)
Population growth rate 0% (2011)
Life expectancy 72 years (2010)
Adult literacy N/A
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

141.3% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 43.01% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

1.8486 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (Western Europe, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (Nordic Region, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (Global, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (Western Europe, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (Nordic Region, 2010)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE