Countries by Income Group

Countries by Income Group

Major international organizations classify countries by different factors. One criterion that is often used is gross national income (GNI) per capita – the dollar value of a country’s final income in a year, divided by its population

 
 
Source
Central bank

Eastern Caribbean Central Bank

International Reserves

USD 0.36 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 1.0 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 1.7 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
-0.1% 6.5% -3.4% -1.5% 1.8%

-0.7%

5.5%
2014 2015 2016 2017* 2018*    
6.1% 2.1% 2.3% 1.2% 3%    

*Estimate

GDP per capita - current prices

USD 18,203.3 (2018, estimate)

GDP per capita - PPP

Intl$ 29,820.2 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0% 0% 0% 0% 0.001%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 1.2% 
  • industry: 23.9% 
  • services: 63.9%

(2018 estimate)

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

N/A

 

Inflation
2015 2016 2017 2018* 2019*
-2.3% -0.3% 0% -0.2% 0.6%

*Estimate

Unemployment rate
2015 2016 2017 2018 2019
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
72.6% 65.8% 64.3% 60.5% 57.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
6.7% 4.3% 0.6% 4.9% 7.2%

*Estimate   

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.1 billion (2018 estimate)

Current account balance by percentage of GDP

-7.4 % (2018 estimate)

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

54.1% (2016)

Shares in world total merchandising export

0.0003% (2018)

 

Shares in world total commercial services export

0.008% (2018)

 

Total exports

USD 649.7 million (2018 estimate)

Export commodities

Machinery, food, electronics, beverages, tobacco

Total imports

USD 587.9 million (2018 estimate)

 
 
Source
Import commodities

Machinery, manufactures, food, fuels

Exports - major partners

US 49.6%, Poland 15.2%, Turkey 11.6% (2016)

Imports - major partners

US 56.8%, Trinidad and Tobago 6.8%, Cyprus 6.2%, Japan 4% (2016)

FDI inflows
2016 2017 2018
USD 94 million USD 51 million USD 85 million
FDI outflows
2016 2017 2018
USD -0.7 million USD -0.4 million USD -0.5 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
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:

139 out of 190 countries

​Subcategories:
Starting a Business: 109 out of 190 countries
Dealing with Construction Permits: 58 out of 190 countries
Getting Electricity: 110 out of 190 countries
Registering Property: 185 out of 190 countries
Getting Credit: 165 out of 190 countries
Protecting Minority Investors: 103 out of 190 countries
Paying Taxes: 125 out of 190 countries
Trading across Borders: 71 out of 190 countries
Enforcing Contracts: 49 out of 190 countries
Resolving Insolvency: 168 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

N/A

 
 
Source
Time zone

UTC-4

Total area

261 sq km

Capital

Basseterre

Currency

East Caribbean dollars (XCD)

Government type

Federal parliamentary democracy under a constitutional monarchy; a Commonwealth realm

Languages

English (official)

Religions

Protestant 74.4% (includes Anglican 20.6%, Methodist 19.1%, Pentecostal 8.2%, Church of God 6.8%, Moravian 5.5%, Baptist 4.8%, Seventh Day Adventist 4.7%, Evangelical 2.6%, Bretheren 1.8%, other .3%), Roman Catholic 6.7%, Rastafarian 1.7%, Jehovah's Witne

Total population
1990 2000 2010 2015* 2020*
0.04 million 0.05 million 0.05 million 0.05 million 0.06 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
27.6% 35.9% 32.8% 30.8%
Population median age

35.5 years (2018 estimate)

Population growth rate

0.7% (2018 estimate)

Life expectancy

76.2 years (2018 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

Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 33.2% Mobile: 147.7% (2017) 

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

80.71 % (2017)

Mercer Cost of living index

N/A

CO2 emissions

4.55 metric tons per capita (2014)

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