Source
Central bank

Eastern Caribbean Central Bank

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)

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

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

*Estimate

Unemployment rate

N/A

Household saving rates

N/A

 

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

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

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

N/A

Largest companies

N/A

 
 
Source
Current account balance

USD -0.1 billion (2018 estimate)

Current account balance by percentage of GDP

-12.2 % (2018 estimate)

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)

 
 
Source
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)

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

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: 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)

 
 
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

1.92 metric tons per capita (2014)

World's Best Internet Banks