Saint Vincent & Grenadines

Saint Vincent & Grenadines : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$348 million (2011 est.)
$297.7 million (2010 est.)


$64.4 million (2011 est.)
$45 million (2010 est.)

Inflation rate (consumer prices)

2.3% (2011 est.)
1.5% (2010 est.)

Unemployment rate

15% (2001 est.)

GDP - per capita (PPP)

$11,600 (2011 est.)
$11,700 (2010 est.)
$11,900 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

0.5% (2010 est.)
-1% (2009 est.)
-0.6% (2008 est.)

Historical background

Resistance by native Caribs prevented colonization on Saint Vincent until 1719.

Disputed between France and the United Kingdom for most of the 18th century, the island was ceded to the latter in 1783.

Between 1960 and 1962, Saint Vincent and the Grenadines was a separate administrative unit of the Federation of the West Indies.

More »
Saint Vincent & Grenadines

Economic overview

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.

More »

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.