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 |
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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 |
Saint Vincent and the Grenadines
Inflation & Debt
Inflation |
2014 -1.7% 2015 -0.2% 2016 2.2% 2017* 2.3% 2018* 1.4% *Estimate |
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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) |
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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) |
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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 |
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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 |
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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 |
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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