GFmag Online Readers Survey 2012
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 bankN/A
International ReservesUS$ 112.702 million (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 593 million (2009 estimate)
GDP (Purchasing Power Parity)1.108 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
2%-0.1%3.2%2.8%6.8%2.6%7.6%8%
2008200920102011*
-0.6%-1.1%-2.3%2.5%

*Estimate

GDP per capita - current pricesUS$ 5,523 (2001 estimate)
GDP per capita - PPP$10,321 International Dollars (2001 estimate)
GDP (PPP) - share of world total
19801990200020102015**
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 November 2010)

Inflation
2008200920102011*
10.1%(2008)0.4%1.5%5%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
66.9%69.4%74.9%82.2%87.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-4%-1.7%-3.6%-13.4%-4.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: B1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in Saint Vincent and the GrenadinesN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -0.2 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-37.5% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

44.2% (2008)

(Data released on December 2010)

Shares in world total merchandising export0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsN/A
Export commoditiesbananas, eddoes and dasheen (taro), arrowroot starch; tennis racquets
Total importsUS$578 million (2006)
Import commoditiesfoodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels
Exports - major partnersGreece 28.4%, Italy 14.6%, France 12%, UK 7.5%, Trinidad and Tobago 4.8%, Spain 4.6%, Germany 4.3%, Saint Lucia 4.2% (2007)
Imports - major partnersSingapore 15.9%, Trinidad and Tobago 14.9%, Italy 13.3%, US 13%, China 5% (2007)
FDI inflows
200820092010
US$159 millionUS$106 million(2009)US$92 million(2009)
FDI outflows
200820092010
N/AN/AN/A
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(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 2010

(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 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 75 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 52 out of 183 countries(2009)

Registering property: 138 out of 183 countries

Paying Taxes: 55 out of 183 countries

Getting credit: 116 out of 183 countries

Protecting investors: 28 out of 183 countries

Trading across border: 41 out of 183 countries

Enforcing Contracts: 103 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		N/A

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 50 Score: 66.9 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC-4
Total area 389 km2 (2006)
CapitalKingstown (2009)
CurrencyEast Caribbean dollars (XCD) (2009)
Government typeparliamentary democracy and a Commonwealth realm (2009)
LanguagesFrench (official language), English, Dutch, French Patois, Spanish, Papiamento (dialect of Netherlands Antilles)
ReligionsAnglican 47%, Methodist 28%, Roman Catholic 13%, other (includes Hindu, Seventh-Day Adventist, other Protestant) 12%
Total population
1980199020002010*2015**
0.1 million0.11 million0.11 million0.11 million0.11 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
13.9%27.2%44.4%47.4%
Population median age25.0 years (2006)
Population growth rate0.1% (2009)
Life expectancy71 years (2007)
Adult literacyN/A
% of population living on less than $2 a dayN/A
Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2010)

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

Total telephone subscribers as % of population

140.39% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total populationN/A
Cost of living 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)

1.8512 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (National, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2010)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE