Economy - overview: Agriculture, dominated by banana production, is the most important sector of this lower-middle-income economy. The services sector, based mostly on a growing tourist industry, is also important. The government has been relatively unsuccessful at introducing new industries, and a high unemployment rate of 22% continues. The continuing dependence on a single crop represents the biggest obstacle to the islands' development; tropical storms wiped out substantial portions of crops in both 1994 and 1995. The tourism sector has considerable potential for development over the next decade. Recent growth has been stimulated by strong activity in the construction sector and an improvement in tourism. There is a small manufacturing sector and a small offshore financial sector whose particularly restrictive secrecy laws have caused some international concern.
GDP: purchasing power parity - $309 million (1999 est.)
GDP - real growth rate: 4% (1999 est.)
GDP - per capita: purchasing power parity - $2,600 (1999 est.)
GDP - composition by sector:
agriculture:
10.6%
industry:
17.5%
services:
71.9% (1996 est.)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%:
NA%
highest 10%:
NA%
Inflation rate (consumer prices): 2% (1999 est.)
Labor force: 67,000 (1984 est.)
Labor force - by occupation: agriculture 26%, industry 17%, services 57% (1980 est.)
Unemployment rate: 22% (1997 est.)
Budget:
revenues:
$85.7 million
expenditures:
$98.6 million, including capital expenditures of $25.7 million (1997 est.)
Industries: food processing, cement, furniture, clothing, starch
Industrial production growth rate: -0.9% (1997 est.)
Electricity - production: 64 million kWh (1998)
Electricity - production by source:
fossil fuel:
67.19%
hydro:
32.81%
nuclear:
0%
other:
0% (1998)
Electricity - consumption: 60 million kWh (1998)
Electricity - exports: 0 kWh (1998)
Electricity - imports: 0 kWh (1998)
Agriculture - products: bananas, coconuts, sweet potatoes, spices; small numbers of cattle, sheep, pigs, goats; fish
Exports: $47.8 million (1998 est.)
Exports - commodities: bananas 39%, eddoes and dasheen (taro), arrowroot starch, tennis racquets
Exports - partners: Caricom countries 49%, United Kingdom 16%, United States 10% (1995)
Imports: $180 million (1998 est.)
Imports - commodities: foodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels
Imports - partners: US 36%, Caricom countries 28%, UK 13% (1995)
Debt - external: $83.6 million (1997)
Economic aid - recipient: $47.5 million (1995); note - EU $34.5 million (1998)
Currency: 1 East Caribbean dollar (EC$) = 100 cents
Exchange rates: East Caribbean dollars (EC$) per US$1 - 2.7000 (fixed rate since 1976)
Fiscal year: calendar year
- See also : Saint Vincent and the Grenadines
Common misspelling and questions (FAQ)
conomy-of-saint-vincent-and-the-grenadines eonomy-of-saint-vincent-and-the-grenadines ecnomy-of-saint-vincent-and-the-grenadines ecoomy-of-saint-vincent-and-the-grenadines econmy-of-saint-vincent-and-the-grenadines econoy-of-saint-vincent-and-the-grenadines econom-of-saint-vincent-and-the-grenadines economyof-saint-vincent-and-the-grenadines economy-f-saint-vincent-and-the-grenadines economy-o-saint-vincent-and-the-grenadines economy-ofsaint-vincent-and-the-grenadines economy-of-aint-vincent-and-the-grenadines economy-of-sint-vincent-and-the-grenadines economy-of-sant-vincent-and-the-grenadines economy-of-sait-vincent-and-the-grenadines economy-of-sain-vincent-and-the-grenadines economy-of-saintvincent-and-the-grenadines economy-of-saint-incent-and-the-grenadines economy-of-saint-vncent-and-the-grenadines economy-of-saint-vicent-and-the-grenadines economy-of-saint-vinent-and-the-grenadines economy-of-saint-vincnt-and-the-grenadines economy-of-saint-vincet-and-the-grenadines economy-of-saint-vincen-and-the-grenadines economy-of-saint-vincentand-the-grenadines economy-of-saint-vincent-nd-the-grenadines economy-of-saint-vincent-ad-the-grenadines economy-of-saint-vincent-an-the-grenadines economy-of-saint-vincent-andthe-grenadines economy-of-saint-vincent-and-he-grenadines economy-of-saint-vincent-and-te-grenadines economy-of-saint-vincent-and-th-grenadines economy-of-saint-vincent-and-thegrenadines economy-of-saint-vincent-and-the-renadines economy-of-saint-vincent-and-the-genadines economy-of-saint-vincent-and-the-grnadines economy-of-saint-vincent-and-the-greadines economy-of-saint-vincent-and-the-grendines economy-of-saint-vincent-and-the-grenaines economy-of-saint-vincent-and-the-grenadnes economy-of-saint-vincent-and-the-grenadies economy-of-saint-vincent-and-the-grenadins economy-of-saint-vincent-and-the-grenadine ceonomy-of-saint-vincent-and-the-grenadines eocnomy-of-saint-vincent-and-the-grenadines ecnoomy-of-saint-vincent-and-the-grenadines ecoonmy-of-saint-vincent-and-the-grenadines econmoy-of-saint-vincent-and-the-grenadines econoym-of-saint-vincent-and-the-grenadines econom-yof-saint-vincent-and-the-grenadines economyo-f-saint-vincent-and-the-grenadines economy-fo-saint-vincent-and-the-grenadines economy-o-fsaint-vincent-and-the-grenadines economy-ofs-aint-vincent-and-the-grenadines economy-of-asint-vincent-and-the-grenadines economy-of-siant-vincent-and-the-grenadines economy-of-sanit-vincent-and-the-grenadines economy-of-saitn-vincent-and-the-grenadines economy-of-sain-tvincent-and-the-grenadines economy-of-saintv-incent-and-the-grenadines economy-of-saint-ivncent-and-the-grenadines economy-of-saint-vnicent-and-the-grenadines economy-of-saint-vicnent-and-the-grenadines economy-of-saint-vinecnt-and-the-grenadines economy-of-saint-vincnet-and-the-grenadines economy-of-saint-vincetn-and-the-grenadines economy-of-saint-vincen-tand-the-grenadines economy-of-saint-vincenta-nd-the-grenadines economy-of-saint-vincent-nad-the-grenadines economy-of-saint-vincent-adn-the-grenadines economy-of-saint-vincent-an-dthe-grenadines economy-of-saint-vincent-andt-he-grenadines economy-of-saint-vincent-and-hte-grenadines economy-of-saint-vincent-and-teh-grenadines economy-of-saint-vincent-and-th-egrenadines economy-of-saint-vincent-and-theg-renadines economy-of-saint-vincent-and-the-rgenadines economy-of-saint-vincent-and-the-gernadines economy-of-saint-vincent-and-the-grneadines economy-of-saint-vincent-and-the-greandines economy-of-saint-vincent-and-the-grendaines economy-of-saint-vincent-and-the-grenaidnes economy-of-saint-vincent-and-the-grenadnies economy-of-saint-vincent-and-the-grenadiens economy-of-saint-vincent-and-the-grenadinse economy-of-saint-vincent-and-the-grenadine eeconomy-of-saint-vincent-and-the-grenadines ecconomy-of-saint-vincent-and-the-grenadines ecoonomy-of-saint-vincent-and-the-grenadines econnomy-of-saint-vincent-and-the-grenadines econoomy-of-saint-vincent-and-the-grenadines econommy-of-saint-vincent-and-the-grenadines economyy-of-saint-vincent-and-the-grenadines economy--of-saint-vincent-and-the-grenadines economy-oof-saint-vincent-and-the-grenadines economy-off-saint-vincent-and-the-grenadines economy-of--saint-vincent-and-the-grenadines economy-of-ssaint-vincent-and-the-grenadines economy-of-saaint-vincent-and-the-grenadines economy-of-saiint-vincent-and-the-grenadines economy-of-sainnt-vincent-and-the-grenadines economy-of-saintt-vincent-and-the-grenadines economy-of-saint--vincent-and-the-grenadines economy-of-saint-vvincent-and-the-grenadines economy-of-saint-viincent-and-the-grenadines economy-of-saint-vinncent-and-the-grenadines economy-of-saint-vinccent-and-the-grenadines economy-of-saint-vinceent-and-the-grenadines economy-of-saint-vincennt-and-the-grenadines economy-of-saint-vincentt-and-the-grenadines economy-of-saint-vincent--and-the-grenadines economy-of-saint-vincent-aand-the-grenadines economy-of-saint-vincent-annd-the-grenadines economy-of-saint-vincent-andd-the-grenadines economy-of-saint-vincent-and--the-grenadines economy-of-saint-vincent-and-tthe-grenadines economy-of-saint-vincent-and-thhe-grenadines economy-of-saint-vincent-and-thee-grenadines economy-of-saint-vincent-and-the--grenadines economy-of-saint-vincent-and-the-ggrenadines economy-of-saint-vincent-and-the-grrenadines economy-of-saint-vincent-and-the-greenadines economy-of-saint-vincent-and-the-grennadines economy-of-saint-vincent-and-the-grenaadines economy-of-saint-vincent-and-the-grenaddines economy-of-saint-vincent-and-the-grenadiines economy-of-saint-vincent-and-the-grenadinnes economy-of-saint-vincent-and-the-grenadinees economy-of-saint-vincent-and-the-grenadiness 3conomy-of-saint-vincent-and-the-grenadines wconomy-of-saint-vincent-and-the-grenadines sconomy-of-saint-vincent-and-the-grenadines 4conomy-of-saint-vincent-and-the-grenadines dconomy-of-saint-vincent-and-the-grenadines 4conomy-of-saint-vincent-and-the-grenadines rconomy-of-saint-vincent-and-the-grenadines dconomy-of-saint-vincent-and-the-grenadines edonomy-of-saint-vincent-and-the-grenadines exonomy-of-saint-vincent-and-the-grenadines efonomy-of-saint-vincent-and-the-grenadines efonomy-of-saint-vincent-and-the-grenadines evonomy-of-saint-vincent-and-the-grenadines ec9nomy-of-saint-vincent-and-the-grenadines ecinomy-of-saint-vincent-and-the-grenadines ecknomy-of-saint-vincent-and-the-grenadines ec0nomy-of-saint-vincent-and-the-grenadines eclnomy-of-saint-vincent-and-the-grenadines ec0nomy-of-saint-vincent-and-the-grenadines ecpnomy-of-saint-vincent-and-the-grenadines eclnomy-of-saint-vincent-and-the-grenadines ecohomy-of-saint-vincent-and-the-grenadines ecobomy-of-saint-vincent-and-the-grenadines ecojomy-of-saint-vincent-and-the-grenadines ecojomy-of-saint-vincent-and-the-grenadines ecomomy-of-saint-vincent-and-the-grenadines econ9my-of-saint-vincent-and-the-grenadines econimy-of-saint-vincent-and-the-grenadines econkmy-of-saint-vincent-and-the-grenadines econ0my-of-saint-vincent-and-the-grenadines econlmy-of-saint-vincent-and-the-grenadines econ0my-of-saint-vincent-and-the-grenadines econpmy-of-saint-vincent-and-the-grenadines econlmy-of-saint-vincent-and-the-grenadines econojy-of-saint-vincent-and-the-grenadines econony-of-saint-vincent-and-the-grenadines econoky-of-saint-vincent-and-the-grenadines econoky-of-saint-vincent-and-the-grenadines econo,y-of-saint-vincent-and-the-grenadines econom6-of-saint-vincent-and-the-grenadines economt-of-saint-vincent-and-the-grenadines economg-of-saint-vincent-and-the-grenadines econom7-of-saint-vincent-and-the-grenadines economh-of-saint-vincent-and-the-grenadines econom7-of-saint-vincent-and-the-grenadines economu-of-saint-vincent-and-the-grenadines economh-of-saint-vincent-and-the-grenadines economy0of-saint-vincent-and-the-grenadines economypof-saint-vincent-and-the-grenadines economy[of-saint-vincent-and-the-grenadines economy-9f-saint-vincent-and-the-grenadines economy-if-saint-vincent-and-the-grenadines economy-kf-saint-vincent-and-the-grenadines economy-0f-saint-vincent-and-the-grenadines economy-lf-saint-vincent-and-the-grenadines economy-0f-saint-vincent-and-the-grenadines economy-pf-saint-vincent-and-the-grenadines economy-lf-saint-vincent-and-the-grenadines economy-or-saint-vincent-and-the-grenadines economy-od-saint-vincent-and-the-grenadines economy-oc-saint-vincent-and-the-grenadines economy-ot-saint-vincent-and-the-grenadines economy-ov-saint-vincent-and-the-grenadines economy-ot-saint-vincent-and-the-grenadines economy-og-saint-vincent-and-the-grenadines economy-ov-saint-vincent-and-the-grenadines economy-of0saint-vincent-and-the-grenadines economy-ofpsaint-vincent-and-the-grenadines economy-of[saint-vincent-and-the-grenadines economy-of-waint-vincent-and-the-grenadines economy-of-aaint-vincent-and-the-grenadines economy-of-zaint-vincent-and-the-grenadines economy-of-eaint-vincent-and-the-grenadines economy-of-xaint-vincent-and-the-grenadines economy-of-eaint-vincent-and-the-grenadines economy-of-daint-vincent-and-the-grenadines economy-of-xaint-vincent-and-the-grenadines economy-of-sqint-vincent-and-the-grenadines economy-of-swint-vincent-and-the-grenadines economy-of-szint-vincent-and-the-grenadines economy-of-swint-vincent-and-the-grenadines economy-of-ssint-vincent-and-the-grenadines economy-of-szint-vincent-and-the-grenadines economy-of-sa8nt-vincent-and-the-grenadines economy-of-saunt-vincent-and-the-grenadines economy-of-sajnt-vincent-and-the-grenadines economy-of-sa9nt-vincent-and-the-grenadines economy-of-saknt-vincent-and-the-grenadines economy-of-sa9nt-vincent-and-the-grenadines economy-of-saont-vincent-and-the-grenadines economy-of-saknt-vincent-and-the-grenadines economy-of-saiht-vincent-and-the-grenadines economy-of-saibt-vincent-and-the-grenadines economy-of-saijt-vincent-and-the-grenadines economy-of-saijt-vincent-and-the-grenadines economy-of-saimt-vincent-and-the-grenadines economy-of-sain5-vincent-and-the-grenadines economy-of-sainr-vincent-and-the-grenadines economy-of-sainf-vincent-and-the-grenadines economy-of-sain6-vincent-and-the-grenadines economy-of-saing-vincent-and-the-grenadines economy-of-sain6-vincent-and-the-grenadines economy-of-sainy-vincent-and-the-grenadines economy-of-saing-vincent-and-the-grenadines economy-of-saint0vincent-and-the-grenadines economy-of-saintpvincent-and-the-grenadines economy-of-saint[vincent-and-the-grenadines economy-of-saint-fincent-and-the-grenadines economy-of-saint-cincent-and-the-grenadines economy-of-saint-gincent-and-the-grenadines economy-of-saint-gincent-and-the-grenadines economy-of-saint-bincent-and-the-grenadines economy-of-saint-v8ncent-and-the-grenadines economy-of-saint-vuncent-and-the-grenadines economy-of-saint-vjncent-and-the-grenadines economy-of-saint-v9ncent-and-the-grenadines economy-of-saint-vkncent-and-the-grenadines economy-of-saint-v9ncent-and-the-grenadines economy-of-saint-voncent-and-the-grenadines economy-of-saint-vkncent-and-the-grenadines economy-of-saint-vihcent-and-the-grenadines economy-of-saint-vibcent-and-the-grenadines economy-of-saint-vijcent-and-the-grenadines economy-of-saint-vijcent-and-the-grenadines economy-of-saint-vimcent-and-the-grenadines economy-of-saint-vindent-and-the-grenadines economy-of-saint-vinxent-and-the-grenadines economy-of-saint-vinfent-and-the-grenadines economy-of-saint-vinfent-and-the-grenadines economy-of-saint-vinvent-and-the-grenadines economy-of-saint-vinc3nt-and-the-grenadines economy-of-saint-vincwnt-and-the-grenadines economy-of-saint-vincsnt-and-the-grenadines economy-of-saint-vinc4nt-and-the-grenadines economy-of-saint-vincdnt-and-the-grenadines economy-of-saint-vinc4nt-and-the-grenadines economy-of-saint-vincrnt-and-the-grenadines economy-of-saint-vincdnt-and-the-grenadines economy-of-saint-vinceht-and-the-grenadines economy-of-saint-vincebt-and-the-grenadines economy-of-saint-vincejt-and-the-grenadines economy-of-saint-vincejt-and-the-grenadines economy-of-saint-vincemt-and-the-grenadines economy-of-saint-vincen5-and-the-grenadines economy-of-saint-vincenr-and-the-grenadines economy-of-saint-vincenf-and-the-grenadines economy-of-saint-vincen6-and-the-grenadines economy-of-saint-vinceng-and-the-grenadines economy-of-saint-vincen6-and-the-grenadines economy-of-saint-vinceny-and-the-grenadines economy-of-saint-vinceng-and-the-grenadines economy-of-saint-vincent0and-the-grenadines economy-of-saint-vincentpand-the-grenadines economy-of-saint-vincent[and-the-grenadines economy-of-saint-vincent-qnd-the-grenadines economy-of-saint-vincent-wnd-the-grenadines economy-of-saint-vincent-znd-the-grenadines economy-of-saint-vincent-wnd-the-grenadines economy-of-saint-vincent-snd-the-grenadines economy-of-saint-vincent-znd-the-grenadines economy-of-saint-vincent-ahd-the-grenadines economy-of-saint-vincent-abd-the-grenadines economy-of-saint-vincent-ajd-the-grenadines economy-of-saint-vincent-ajd-the-grenadines economy-of-saint-vincent-amd-the-grenadines economy-of-saint-vincent-ane-the-grenadines economy-of-saint-vincent-ans-the-grenadines economy-of-saint-vincent-anx-the-grenadines economy-of-saint-vincent-anr-the-grenadines economy-of-saint-vincent-anc-the-grenadines economy-of-saint-vincent-anr-the-grenadines economy-of-saint-vincent-anf-the-grenadines economy-of-saint-vincent-anc-the-grenadines economy-of-saint-vincent-and0the-grenadines economy-of-saint-vincent-andpthe-grenadines economy-of-saint-vincent-and[the-grenadines economy-of-saint-vincent-and-5he-grenadines economy-of-saint-vincent-and-rhe-grenadines economy-of-saint-vincent-and-fhe-grenadines economy-of-saint-vincent-and-6he-grenadines economy-of-saint-vincent-and-ghe-grenadines economy-of-saint-vincent-and-6he-grenadines economy-of-saint-vincent-and-yhe-grenadines economy-of-saint-vincent-and-ghe-grenadines economy-of-saint-vincent-and-tye-grenadines economy-of-saint-vincent-and-tge-grenadines economy-of-saint-vincent-and-tbe-grenadines economy-of-saint-vincent-and-tue-grenadines economy-of-saint-vincent-and-tne-grenadines economy-of-saint-vincent-and-tue-grenadines economy-of-saint-vincent-and-tje-grenadines economy-of-saint-vincent-and-tne-grenadines economy-of-saint-vincent-and-th3-grenadines economy-of-saint-vincent-and-thw-grenadines economy-of-saint-vincent-and-ths-grenadines economy-of-saint-vincent-and-th4-grenadines economy-of-saint-vincent-and-thd-grenadines economy-of-saint-vincent-and-th4-grenadines economy-of-saint-vincent-and-thr-grenadines economy-of-saint-vincent-and-thd-grenadines economy-of-saint-vincent-and-the0grenadines economy-of-saint-vincent-and-thepgrenadines economy-of-saint-vincent-and-the[grenadines economy-of-saint-vincent-and-the-trenadines economy-of-saint-vincent-and-the-frenadines economy-of-saint-vincent-and-the-vrenadines economy-of-saint-vincent-and-the-yrenadines economy-of-saint-vincent-and-the-brenadines economy-of-saint-vincent-and-the-yrenadines economy-of-saint-vincent-and-the-hrenadines economy-of-saint-vincent-and-the-brenadines economy-of-saint-vincent-and-the-g4enadines economy-of-saint-vincent-and-the-geenadines economy-of-saint-vincent-and-the-gdenadines economy-of-saint-vincent-and-the-g5enadines economy-of-saint-vincent-and-the-gfenadines economy-of-saint-vincent-and-the-g5enadines economy-of-saint-vincent-and-the-gtenadines economy-of-saint-vincent-and-the-gfenadines economy-of-saint-vincent-and-the-gr3nadines economy-of-saint-vincent-and-the-grwnadines economy-of-saint-vincent-and-the-grsnadines economy-of-saint-vincent-and-the-gr4nadines economy-of-saint-vincent-and-the-grdnadines economy-of-saint-vincent-and-the-gr4nadines economy-of-saint-vincent-and-the-grrnadines economy-of-saint-vincent-and-the-grdnadines economy-of-saint-vincent-and-the-grehadines economy-of-saint-vincent-and-the-grebadines economy-of-saint-vincent-and-the-grejadines economy-of-saint-vincent-and-the-grejadines economy-of-saint-vincent-and-the-gremadines economy-of-saint-vincent-and-the-grenqdines economy-of-saint-vincent-and-the-grenwdines economy-of-saint-vincent-and-the-grenzdines economy-of-saint-vincent-and-the-grenwdines economy-of-saint-vincent-and-the-grensdines economy-of-saint-vincent-and-the-grenzdines economy-of-saint-vincent-and-the-grenaeines economy-of-saint-vincent-and-the-grenasines economy-of-saint-vincent-and-the-grenaxines economy-of-saint-vincent-and-the-grenarines economy-of-saint-vincent-and-the-grenacines economy-of-saint-vincent-and-the-grenarines economy-of-saint-vincent-and-the-grenafines economy-of-saint-vincent-and-the-grenacines economy-of-saint-vincent-and-the-grenad8nes economy-of-saint-vincent-and-the-grenadunes economy-of-saint-vincent-and-the-grenadjnes economy-of-saint-vincent-and-the-grenad9nes economy-of-saint-vincent-and-the-grenadknes economy-of-saint-vincent-and-the-grenad9nes economy-of-saint-vincent-and-the-grenadones economy-of-saint-vincent-and-the-grenadknes economy-of-saint-vincent-and-the-grenadihes economy-of-saint-vincent-and-the-grenadibes economy-of-saint-vincent-and-the-grenadijes economy-of-saint-vincent-and-the-grenadijes economy-of-saint-vincent-and-the-grenadimes economy-of-saint-vincent-and-the-grenadin3s economy-of-saint-vincent-and-the-grenadinws economy-of-saint-vincent-and-the-grenadinss economy-of-saint-vincent-and-the-grenadin4s economy-of-saint-vincent-and-the-grenadinds economy-of-saint-vincent-and-the-grenadin4s economy-of-saint-vincent-and-the-grenadinrs economy-of-saint-vincent-and-the-grenadinds economy-of-saint-vincent-and-the-grenadinew economy-of-saint-vincent-and-the-grenadinea economy-of-saint-vincent-and-the-grenadinez economy-of-saint-vincent-and-the-grenadinee economy-of-saint-vincent-and-the-grenadinex economy-of-saint-vincent-and-the-grenadinee economy-of-saint-vincent-and-the-grenadined economy-of-saint-vincent-and-the-grenadinex economy-of-saynt-vincent-and-the-grenadines economy-of-sainy-vincent-and-the-grenadines economy-of-sainty-vincent-and-the-grenadines economy-of-saint-vincent-and-the-grenadineeskilled by his rivals; and Starkad, after quelling certain rebels, he sojourned a long time; but when he heard -- for the rumour treacherously slain), was perversely minded, and instead of friendship, he was vexed with stinging wrath at so dreadful a have renounced his descent from his glorious father, he hung on costly burden, and made his way to Denmark. When asked by those would sharpen the dull wits of King Ingild to a point by bits of though at a single breath, by a short and speedy track; and at was, in to the seat appointed for the great men; for he had been the last generation. When the queen came in, and saw him covered over with filth and her guest's dress made her judge him with little heed; and, crassness of wit, because he had gone before greater men in good for his boorish attire. She bade him quit the place, that than it should have been. For she put down to crassness and that on a high seat of honour the mind sometimes shines brighter the rebuff, and with marvellous self-control choked down the disgrace he had received neither word nor groan. But he could Rising, and retreating to the furthest end of the palace, he battered them with the shock, that the beams quaked mightily; and .