Saint Vincent and the Grenadines

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Introduction - Saint Vincent and the Grenadines:
Location - Saint Vincent and the Grenadines:
People - Saint Vincent and the Grenadines:
Government - Saint Vincent and the Grenadines:
Economy - Saint Vincent and the Grenadines:

Economy overview

Economic growth in this lower-middle-income country hinges upon seasonal variations in the agricultural and tourism sectors. Tropical storms wiped out substantial portions of crops in 1994, 1995, and 2002, and tourism in the Eastern Caribbean suffered low arrivals in the immediate aftermath of 11 September 2001. The islands had more than 160,000 tourist arrivals in 2005, mostly to the Grenadines. Saint Vincent is home to a small offshore banking sector and has moved to adopt international regulatory standards. Saint Vincent is also a producer of marijuana and is being used as a transshipment point for illegal narcotics from South America.

Gdp purchasing power parity

$864 million (2006 est.)

Gdp official exchange rate

$428 million (2005)

Gdp real growth rate

4.9% (2005 est.)

Gdp per capita ppp

$3,600 (2005 est.)

Gdp composition by sector

agriculture: 10%
industry: 26%
services: 64% (2001 est.)

Labor force

41,680 (1991 est.)

Labor force by occupation

agriculture: 26%
industry: 17%
services: 57% (1980 est.)

Unemployment rate

15% (2001 est.)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate consumer prices

1% (2005 est.)

Budget

revenues: $94.6 million
expenditures: $85.8 million; including capital expenditures of $NA (2000 est.)

Agriculture products

bananas, coconuts, sweet potatoes, spices; small numbers of cattle, sheep, pigs, goats; fish

Industries

food processing, cement, furniture, clothing, starch

Industrial production growth rate

-0.9% (1997 est.)

Electricity production

114 million kWh (2004)

Electricity consumption

106 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

1,400 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$37 million (2004 est.)

Exports commodities

bananas 39%, eddoes and dasheen (taro), arrowroot starch; tennis racquets

Exports partners

France 26.3%, Greece 21.3%, Italy 18.9%, Russia 7.2%, UK 6.9% (2006)

Imports

$225 million (2004 est.)

Imports commodities

foodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels

Imports partners

Singapore 17.5%, Trinidad and Tobago 12.3%, US 11.2%, Italy 11.1%, Spain 9.6%, Turkey 4.6%, Germany 4.4% (2006)

Debt external

$223 million (2004)

Economic aid recipient

$10.5 million (1995); note - EU $34.5 million (2004)

Currency code

East Caribbean dollar (XCD)

Exchange rates

East Caribbean dollars per US dollar - 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002)

Communications - Saint Vincent and the Grenadines:
Transportation - Saint Vincent and the Grenadines:
Military - Saint Vincent and the Grenadines:
This page was last updated on 16 September, 2007
Source: CIA >>>


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Saint Vincent and the Grenadines



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Saint Vincent and the Grenadines



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Saint Vincent and the Grenadines



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Saint Vincent and the Grenadines



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Saint Vincent and the Grenadines




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