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Saint 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.

 
 
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Central bank

Eastern Caribbean Central Bank

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International Reserves

USD 0.17 billion (2018)

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Gross Domestic Product - GDP

USD 0.8 billion (2018, estimate)

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GDP (Purchasing Power Parity)

Intl$ 1.3 billion (2018, estimate)

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

*Estimate

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GDP per capita - current prices

USD 7,490.5 (2018, estimate)

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GDP per capita - PPP

Intl$ 11,956.3 (2018, estimate)

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GDP (PPP) - share of world total

0.001% (2019, estimate)

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GDP - composition by sector
  • agriculture: 6.7% 
  • industry: 15% 
  • services: 62.3%

(2016 estimate)

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

N/A

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

*Estimate

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Unemployment rate

N/A

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Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2014 2015 2016 2017* 2018*
79.4% 82.4% 73.5% 74.5% 72.0%

*Estimate

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

*Estimate

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Government bond ratings

Standard & Poor's: N/A

Moody's: B3

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

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Market value of publicly traded shares

N/A

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Largest companies

N/A

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Current account balance

USD -0.1 billion (2018 estimate)

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Current account balance by percentage of GDP

-12.2 % (2018 estimate)

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

35.2% (2017)

 

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Shares in world total merchandising export

0.0003% (2018)

 

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Shares in world total commercial services export

0.005% (2018)

 

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Total exports

USD 305.0 million (2018 estimate)

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Export commodities

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

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Total imports

USD 449.9 million (2018 estimate)

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Import commodities

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

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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)

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Imports - major partners

US 36.8%, Trinidad and Tobago 19.1%, UK 7%, China 5.8% (2017)

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FDI inflows
2016 2017 2018
USD 153 million USD 98 million USD 100 million
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FDI outflows
2016 2017 2018
USD -9.3 million USD -4.6 million USD -4.8 million
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Value of cross-border M&A, by country of purchaser

N/A

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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

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

N/A

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

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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

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 55 / Score: 65.8 (Moderately free) (2019)

(100=totally free 0=totally repressed)

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Time zone

UTC-4

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Total area

389 sq km

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Capital

Kingstown

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Currency

East Caribbean dollars (XCD)

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Government type

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

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Languages

English, French patois

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Religions

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

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

*Estimate 

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

33 years (2016 estimate)

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Population growth rate

-0.26% (2016 estimate)

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Life expectancy

75.3 years (2016 estimate)

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Literacy

N/A

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2017)                         

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

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Total telephone subscribers as % of population

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

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Internet users as % of total population

51.77% (2015)

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Mercer Cost of living index

N/A

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CO2 emissions

1.92 metric tons per capita (2014)

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World's Best Internet Banks

2013
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2011
2010
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