| People | Saint Vincent and the Grenadines |
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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 2005, the islands had more than 160,000 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. |
GDP (purchasing power parity):
|
$902 million (2007 est.) |
GDP (official exchange rate):
|
$528 million (2007 est.) |
GDP - real growth rate:
|
4.4% (2007 est.) |
GDP - per capita (PPP):
|
$3,600 (2005 est.) |
GDP - composition by sector:
|
agriculture: 10%
industry: 26%
services: 64% (2001 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
1% (2005 est.) |
Labor force:
|
41,680 (1991 est.) |
Labor force participation rate:
|
35.19 % of population |
Labor force - by occupation:
|
agriculture: 26%
industry: 17%
services: 57% (1980 est.) |
Unemployment rate:
|
15% (2001 est.) |
Budget:
|
revenues: $94.6 million
expenditures: $85.8 million (2000 est.) |
Budget revenues per capita:
|
799 USD per capita |
Public debt:
|
void |
Industries:
|
food processing, cement, furniture, clothing, starch |
Industrial production growth rate:
|
-0.9% (1997 est.) |
Electricity - production:
|
115 million kWh (2005) |
Electricity - production per capita:
|
972 kWh per capita |
Electricity - consumption:
|
107 million kWh (2005) |
Electricity - consumption - per capita:
|
904 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
1,500 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
4.62 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2004) |
Oil - imports:
|
1,468 bbl/day (2004) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
bananas, coconuts, sweet potatoes, spices; small numbers of cattle, sheep, pigs, goats; fish |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$193 million (2006) |
Exports per capita:
|
1,630 USD per capita |
Exports - commodities:
|
bananas, eddoes and dasheen (taro), arrowroot starch; tennis racquets |
Exports - partners:
|
France 26.2%, Greece 21.3%, Italy 18.9%, Russia 7.2%, UK 6.8% (2006) |
Imports:
|
$578 million (2006) |
Imports per capita:
|
4,881 USD per capita |
Imports - commodities:
|
foodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels |
Imports - partners:
|
Singapore 17.3%, Trinidad and Tobago 12.1%, US 11.1%, Italy 11%, Spain 9.5%, Turkey 4.6%, Germany 4.4% (2006) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$223 million (2004) |
Debt - external - per capita:
|
1,883 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$4.89 million (1995); note - EU $34.5 million (2005) |
Economic aid - recipient per capita:
|
42 USD per capita |
Currency (code):
|
East Caribbean dollar (XCD) |
Exchange rates:
|
East Caribbean dollars per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003) |
Fiscal year:
|
calendar year |
|
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