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ECON FACTBOOK

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Economy of Saint Vincent and the Grenadines

Population: 109 thousand in 20131

GDP: $726 million in 20132

GDP per capita: $6,486 nominal3 ($10,663 PPP4) in 2013

GDP growth rate: 1.7% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities25744.0%
Wholsale, retail trade, restaurants and hotels9516.3%
Transport, storage and communication8013.7%
Construction518.7%
Agriculture, hunting, forestry, fishing437.4%
Manufacturing325.5%
Mining and utilities264.4%
Total value added584100%

Employment

Unemployment rate: 18.8% in 20087

Employment by Industry 8

Employment sectorPercent of total
Services57%
Agriculture26%
Industry17%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $1 billion (138% of GDP) in 201410

Household Wealth per Adult: $10,677 in 201410

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $185 million (25% of GDP) in 201311

Central Government Expenditure: $185 million (25% of GDP) in 201311

Central Government Budget Balance: $0 million (0% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: N/A

Monetary Policy

Money Supply (M1, Organization of Eastern Caribbean States): $1.13 billion in Oct 2014* 12

Benchmark Interest Rate (Organization of Eastern Caribbean States): N/A

Total Reserves: $135 million (19% of GDP) in 201313

Exchange Rate: 2.70 East Carribean Dollar = 1 U.S. Dollar on Feb 25, 201514

Inflation: 0.8% in 201315

* Money supply calculated using the exchange rate 2.70 XCD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201316

N/A (data not available at Relbanks.com)

International Accounts

Exports: $46 million (6% of GDP) in 201317

Imports: $302 million (41% of GDP) in 201317

Trade Balance: -$256 million (-35% of GDP) in 201317

Foreign Direct Investment Inflow: $126 million (17% of GDP) in 201318

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $9 million (1% of GDP) in 201219

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: CIA World Factbook (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Eastern Caribbean Central Bank, Statistics, Central Bank Survey (Money supply) Go back
13. Source: World Bank Indicators (Total reserves) Go back
14. Source: xe.com (Exchange rate) Go back
15. Source: World Bank Indicators (Inflation rate) Go back
16. Source: Relbanks.com (Financial institutions by assets) Go back
17. Source: CIA World Factbook (Trade data) Go back
18. Source: World Bank Indicators (FDI data) Go back
19. Source: World Bank Indicators (Aid data) Go back