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St. Vincent and the Grenadines

Includes Saint Vincent and the Grenadines real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, and GDP composition by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Saint Vincent and the Grenadines economic outlook, debt to GDP ratio, trade performance and population trends. Rankings of the country best banks and safest banks are also available.

Basic Information

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

Capital City: Kingstown

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Eastern Caribbean Central Bank
Currency East Caribbean dollars (XCD)
International Reserves USD 0.17 billion (2018)
Gross Domestic Product – GDP USD 0.8 billion (2018, estimate)
GDP (Purchasing Power Parity) Intl$ 1.3 billion (2018, estimate)

GDP Data

Real GDP growth 2014 0.2%
2015 0.8%
2016 0.8%
2017* 0.7%
2018* 2.0%

*Estimate
GDP per capita – current prices USD 7,490.5 (2018, estimate)
GDP per capita – PPP Intl$ 11,956.3 (2018, estimate)
GDP (PPP) – share of world total 0.001% (2019, estimate)
GDP – composition by sector agriculture: 6.7%
industry: 15%
services: 62.3%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2014 -1.7%
2015 -0.2%
2016 2.2%
2017* 2.3%
2018* 1.4%

*Estimate

Inflation & Debt

Inflation 2014 -1.7%
2015 -0.2%
2016 2.2%
2017* 2.3%
2018* 1.4%

*Estimate
Government Bond Ratings Standard & Poor’s: N/A

Moody’s: B3

Standard & Poor’s / Moody’s (Updated January 2017)
Unemployment rate N/A
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2014 79.4%
2015 82.4%
2016 73.5%
2017* 74.5%
2018* 72.0%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2014 -2.1%
2015 1.1%
2016 -0.5%
2017* -2.0%
2018* -1.7%

*Estimate

Market value of publicly traded shares N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 35.2% (2017)

Shares in world total merchandising export 0.0003% (2018)
Shares in world total commercial services export 0.005% (2018)
Total exports USD 305.0 million (2018 estimate)

Export commodities Bananas, eddoes and dasheen (taro), arrowroot starch; tennis racquets
Total imports USD 449.9 million (2018 estimate)
Import commodities Foodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels
Exports – major partners Jordan 40.7%, France 12.5%, Barbados 7%, St. Lucia 6.8%, Antigua and Barbuda 5.7%, US 5.5%, Trinidad and Tobago 4.7% (2017)
Imports – major partners US 36.8%, Trinidad and Tobago 19.1%, UK 7%, China 5.8% (2017)

Competitiveness & Trade

Current account balance USD -0.1 billion (2018 estimate)
Current account balance by percentage of GDP -12.2 % (2018 estimate)
FDI inflows 2016 USD 153 million
2017 USD 98 million
2018 USD 100 million
FDI Outflows 2016 USD -9.3 million
2017 USD -4.6 million
2018 USD -4.8 million
Value of cross-border M&A, by country of purchaser N/A


United Nations Conference on Trade and Development (UNCTAD) – World Investment Report
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
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: 130 out of 190 countries (2019)

Subcategories:

Starting a Business: 93 out of 190 countries

Dealing with Construction Permits: 51 out of 190 countries

Getting Electricity: 105 out of 190 countries

Registering Property: 168 out of 190 countries

Getting Credit: 165 out of 190 countries

Protecting Minority Investors: 79 out of 190 countries

Paying Taxes: 100 out of 190 countries

Trading across Borders: 81 out of 190 countries

Enforcing Contracts: 61 out of 190 countries

Resolving Insolvency: 168 out of 190 countries
Global competitiveness ranking N/A
Index of Economic Freedom Ranking: 55 / Score: 65.8 (Moderately free) (2019)

(100=totally free 0=totally repressed)

Population & Geographic Data

Total Area 389 sq km


Total Population 1990 0.106 Million
2000 0.106 Million
2010 0.109 Million
2016 0.11 Million
2021* 0.111 Million

*Estimate
Urban population as % of total population 1960 26%
1980 36%
2000 45%
2015 51%
Population median age 33 years (2016 estimate)
Population growth rate -0.26% (2016 estimate)
Life expectancy 75.3 years (2016 estimate)
% 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)
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)

Language & Religon

Languages English, French patois
Literacy N/A
Religions Protestant 75% (Anglican 47%, Methodist 28%), Roman Catholic 13%, other (includes Hindu, Seventh-Day Adventist, other Protestant) 12%

World Rankings

Population 0.111 million
Mercer Cost of living index N/A
C02 Emissions per capita 1.92 metric tons per capita (2014)

Global Finance Rankings & Awards: Saint Vincent and the Grenadines

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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