Saint Vincent and the Grenadines: Economy

Economic Trivia

Bananas account for 60% of the work force and 50% of exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2012): United States, Trinidad and Tobago, and Venezuela
Top 3 Exported Goods (2012): Milling Products, Milling Products, and Vegetables

Top Industries Source: CIA World Factbook

Tourism; Food Processing; Cement; Furniture

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $1,173,136,086 (2014)
GDP Growth Rate (annual %) 0.597% (2014)
GDP Per Capita, PPP (current international) $10,727 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 181/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.194% (2014)
External debt stocks, total (DOD, current US$) $292,764,000 (2013)
Total tax rate (% of commercial profits) 38.6% (2015)
Real Interest Rate (5 year average %) 7.076% (2014)
Manufacturing, value added (% of GDP) 5.004% (2014)
Current Account Balance (BoP, current US$) ($210,276,775) (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 54,985 (2014)
Employment in Agriculture (% of total employment) 23.8% (2008)
Employment in Industry (% of total employment) 16.2% (2008)
Employment in Services (% of total employment) 55.2% (2008)
Unemployment Rate 18.8% (2008)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $411,971,718 (2014)
Exports of goods and services (current US$) $182,847,799 (2014)
Total Merchandise Trade (% of GDP) 56.236% (2014)
FDI, net inflows (BoP, current US$) $138,559,386 (2014)
Commercial Service Exports (current US$) $138,369,274 (2013)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Saint Vincent and the Grenadines’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary