Saint Vincent and the Grenadines (St. Vincent & the Grenadines) Economic Statistics and Indicators
31, May 2016, EDT. Welcome to the Saint Vincent and the Grenadines economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Saint Vincent and the Grenadines (St. Vincent & the Grenadines) › Change country
National or Regional Currency: East Caribbean Dollar, CXD
Year of data: 2014 › Change year
Number of Indicators Listed: 37
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 102,918 (July 2014 est.)
Area: total: 389 sq km (Saint Vincent 344 sq km) ; land: 389 sq km ; water: 0 sq km
Natural Resources: hydropower, cropland
Capital: name: Kingstown ; geographic coordinates: 13 08 N, 61 13 W ; time difference: UTC-4 (1 hour ahead of Washington, DC, during Standard Time)
Success of the economy hinges upon seasonal variations in agriculture, tourism, and construction activity as well as remittance inflows. Much of the workforce is employed in banana production and tourism, but persistent high unemployment has prompted many to leave the islands. This lower-middle-income country is vulnerable to natural disasters - tropical storms wiped out substantial portions of crops in 1994, 1995, and 2002. Floods and mudslides caused by unseasonable 2013 rainfall caused substantial damage to infrastructure, homes, and crops, which the World Bank estimated at US$112 million. In 2013, the islands had more than 200,000 tourist arrivals, mostly to the Grenadines. The arrival numbers represent a marginal increase from 2012 but remain 26% below St. Vincent's 2009 peak. Saint Vincent is home to a small offshore banking sector and has moved to adopt international regulatory standards. The government's ability to invest in social programs and respond to external shocks is constrained by its high public debt burden, which was 67% of GDP at the end of 2013. Weak recovery in the tourism and construction sectors will limit growth prospects in 2014.
More on the Saint Vincent and the Grenadines Economy
More on the Saint Vincent and the Grenadines Export, Import and Trade
GDP (Current Prices, US Dollars) for Saint Vincent and the Grenadines in year 2014 is US$ 0.745 Billion.
GDP Deflator for Saint Vincent and the Grenadines in year 2014 is 136.965 (Index, Base Year as per country's accounts = 100).
GDP (PPP), US Dollars for Saint Vincent and the Grenadines in year 2014 is US$ 1.198 Billion.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Saint Vincent and the Grenadines in year 2014 is 108.744 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Saint Vincent and the Grenadines in year 2014 is 109.505 (Index, Base Year 2000 = 100).
Population for Saint Vincent and the Grenadines in year 2014 is 0.11 Million .
Current Account Balance (US Dollars) for Saint Vincent and the Grenadines in year 2014 is US$ -0.244 Billion.
|Corruption Perceptions Index Rank and Score for Saint Vincent and the Grenadines|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International