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| SAINT VINCENTIAN ECONOMY STATS: |
| Top Stats |
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Agriculture > products
bananas, coconuts, sweet potatoes, spices, small numbers of cattle, sheep, pigs, goats, fish |
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Aid as % of GDP
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1.9% |
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[67th of 129]
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Current account balance
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-$149,000,000.00 |
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[84th of 181]
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Debt > External
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$223,000,000.00 |
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[21st of 136]
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Economy > Overview
Economic growth slowed slightly in 2007 after reaching a 10 year high of nearly 7% in 2006, but is expected to remain robust, hinging upon seasonal variations in the agricultural and tourism sectors and a recent increase in construction activity. This lower-middle-income country is vulnerable to natural disasters - tropical storms wiped out substantial portions of crops in 1994, 1995, and 2002. In 2007, the islands had more than 200,000 tourist arrivals, mostly to the Grenadines. 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 debt burden - 25 percent of current revenues are directed towards debt servicing. |
Exchange rates
East Caribbean dollars per US dollar - 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000) |
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Exports
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$193,000,000.00 |
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[169th of 189]
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Exports to US
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$1,800,000.00 |
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[163rd of 224]
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GDP
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$465,925,900.00 |
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[158th of 203]
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GDP (purchasing power parity)
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$1,042,000,000.00 |
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[178th of 187]
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GDP > PPP
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$715,000,000.00 |
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[160th of 163]
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GDP > Real growth rate
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6.6% |
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[59th of 198]
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GDP growth > annual %
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2.2 annual %
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[140th of 187]
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GDP per capita, PPP > current international $
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6,568.46 PPP $
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[78th of 169]
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Gross National Income
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$317,194,000.00 |
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[158th of 172]
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Gross national income > constant LCU
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643412400 |
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Human Development Index
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0.755 |
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[87th of 178]
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Inflation rate (consumer prices)
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6.1% |
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[78th of 192]
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Total reserves minus gold > current US$
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69,512,000 $
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[165th of 178]
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Tourist arrivals
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65,000 |
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[127th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Saint Vincent and the Grenadines, saint vincent and grenadines, saint vincent, saint vincent/grenadines, st vincent and the grenadines, st. vincent and the grenadines, St. Vincent & Grenadines, St vincent
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