Source
Central bank

Eastern Caribbean Central Bank

International Reserves

USD 0.2 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 0.8 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 1.3 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
6% 3.1% -0.6% -2% -2.3% 0.3% 1.3%
2013 2014 2015* 2016* 2017*    
2.5% 0.2% 0.6% 1.8% 2.5%    

*Estimate

GDP per capita - current prices

USD 7,226.9 (2017, estimate)

GDP per capita - PPP

Intl$ 11,786.9 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0% 0% 0% 0% 0.001%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 7.9% 
  • industry: 17.2% 
  • services: 75%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2013 2014 2015 2016* 2017*
0.8% 0.2% -1.7% -0.4% 1.2%

*Estimate

Unemployment rate
2013 2014 2015 2016
N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
74.6% 79.7% 79.3% 85% 86.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-6.2% -3% -2.1% -2.1% -2.3%

*Estimate 

Government bond ratings

Standard & Poor's: N/A

Moody's: B3

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.2 billion (2017 estimate)

Current account balance by percentage of GDP

-22.0% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

25.5% (2015)

 

Shares in world total merchandising export

0.0% (2015)

 

Shares in world total commercial services export

0.003% (2015)

 

Total exports

USD 50.5 million (2016 estimate)

Export commodities

Bananas, eddoes and dasheen (taro), arrowroot starch; tennis racquets

Total imports

USD 0.3 billion (2016 estimate)

 
 
Source
Import commodities

Foodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels

Exports - major partners

Trinidad and Tobago 18.9%, St. Lucia 14.8%, Barbados 12.3%, Dominica 9.7%, Grenada 9.3%, Antigua and Barbuda 8.4%, Poland 7.1%, St. Kitts and Nevis 4.1% (2015)

Imports - major partners

Trinidad and Tobago 29.3%, US 17.2%, Singapore 8.7%, China 8%, Barbados 6%, Poland 5.5%, Turkey 4.4% (2015)

FDI inflows
2013 2014 2015
USD 160 million USD 110 million USD 121 million
FDI outflows
2013 2014 2015
USD 0.4 million USD 0.4 million USD 0.4 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 125 out of 190 countries (2017)

Subcategories:

Starting a business: 83 out of 190 countries

Enforcing Contracts: 53 out of 190 countries

Registering Property: 165 out of 190 countries

Getting Credit: 157 out of 190 countries

Protecting Minority Investors: 87 out of 190 countries

Trading Across Borders: 88 out of 190 countries

Paying Taxes: 98 out of 190 countries

Dealing with Construction Permits: 55 out of 190 countries

Getting Electricity: 85 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 40 / Score: 68.83 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-4

Total area

389 sq km

Capital

Kingstown

Currency

East Caribbean dollars (XCD)

Government type

Parliamentary democracy (House of Assembly) under a constitutional monarchy; a Commonwealth realm

Languages

English, French patois

Religions

Protestant 75% (Anglican 47%, Methodist 28%), Roman Catholic 13%, other (includes Hindu, Seventh-Day Adventist, other Protestant) 12%

Total population
1990 2000 2010 2016* 2021*
0.106 million 0.106 million 0.109 million 0.11 million 0.111 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
26% 36% 45% 51%
Population median age

33 years (2016 estimate)

Population growth rate

-0.26% (2016 estimate)

Life expectancy

75.3 years (2016 estimate)

Literacy

N/A

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 22.73%   Mobile 103.65% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

51.77% (2015)

Mercer Cost of living index

N/A

CO2 emissions

1.9 (2013)

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