| Introduction - Saint Vincent and the Grenadines: |
| Location - Saint Vincent and the Grenadines: |
| People - Saint Vincent and the Grenadines: |
| Government - Saint Vincent and the Grenadines: |
| Economy - Saint Vincent and the Grenadines: |
Economy overview | Economic growth in this lower-middle-income country hinges upon seasonal variations in the agricultural and tourism sectors. Tropical storms wiped out substantial portions of crops in 1994, 1995, and 2002, and tourism in the Eastern Caribbean suffered low arrivals in the immediate aftermath of 11 September 2001. The islands had more than 160,000 tourist arrivals in 2005, mostly to the Grenadines. Saint Vincent is home to a small offshore banking sector and has moved to adopt international regulatory standards. Saint Vincent is also a producer of marijuana and is being used as a transshipment point for illegal narcotics from South America. |
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Gdp purchasing power parity | $864 million (2006 est.) |
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Gdp official exchange rate | $428 million (2005) |
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Gdp real growth rate | 4.9% (2005 est.) |
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Gdp per capita ppp | $3,600 (2005 est.) |
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Gdp composition by sector | agriculture: 10%
industry: 26%
services: 64% (2001 est.) |
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Labor force | 41,680 (1991 est.) |
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Labor force by occupation | agriculture: 26%
industry: 17%
services: 57% (1980 est.) |
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Unemployment rate | 15% (2001 est.) |
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Population below poverty line | NA% |
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Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
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Inflation rate consumer prices | 1% (2005 est.) |
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Budget | revenues: $94.6 million
expenditures: $85.8 million; including capital expenditures of $NA (2000 est.) |
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Agriculture products | bananas, coconuts, sweet potatoes, spices; small numbers of cattle, sheep, pigs, goats; fish |
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Industries | food processing, cement, furniture, clothing, starch |
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Industrial production growth rate | -0.9% (1997 est.) |
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Electricity production | 114 million kWh (2004) |
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Electricity consumption | 106 million kWh (2004) |
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Electricity exports | 0 kWh (2004) |
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Electricity imports | 0 kWh (2004) |
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Oil production | 0 bbl/day (2004 est.) |
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Oil consumption | 1,400 bbl/day (2004 est.) |
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Oil exports | NA bbl/day |
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Oil imports | NA bbl/day |
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Oil proved reserves | 0 bbl |
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Natural gas production | 0 cu m (2004 est.) |
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Natural gas consumption | 0 cu m (2004 est.) |
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Exports | $37 million (2004 est.) |
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Exports commodities | bananas 39%, eddoes and dasheen (taro), arrowroot starch; tennis racquets |
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Exports partners | France 26.3%, Greece 21.3%, Italy 18.9%, Russia 7.2%, UK 6.9% (2006) |
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Imports | $225 million (2004 est.) |
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Imports commodities | foodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels |
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Imports partners | Singapore 17.5%, Trinidad and Tobago 12.3%, US 11.2%, Italy 11.1%, Spain 9.6%, Turkey 4.6%, Germany 4.4% (2006) |
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Debt external | $223 million (2004) |
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Economic aid recipient | $10.5 million (1995); note - EU $34.5 million (2004) |
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Currency code | East Caribbean dollar (XCD) |
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Exchange rates | East Caribbean dollars per US dollar - 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002) |
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| Communications - Saint Vincent and the Grenadines: |
| Transportation - Saint Vincent and the Grenadines: |
| Military - Saint Vincent and the Grenadines: |
This page was last updated on 16 September, 2007
