Browse a full set of economic indicators

St. Vincent and the Grenadines

Includes historical data for St. Vincent and Grenadine’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

One Of Latin America’s Fastest-Growing Economies

Made up of the island of St. Vincent and the northern Grenadines, a group of 32 smaller islands, this nation in the Caribbean Sea is a prominent tourism destination. The government actively advocates for foreign direct investment (FDI), particularly in job-creating and foreign exchange-earning industries. While tourism and agriculture remain the primary economic drivers of FDI, initiatives are also in place to encourage economic diversification to sectors such as international financial services, information and communication technologies, agro-processing, light manufacturing and renewable energy. Additionally, the country’s economy benefits from flexible regulations, a robust legal system and macroeconomic stability.

However, challenges persist. Entrepreneurial activity faces constraints due to limited access to financing, skilled labor shortages, and the high cost of imports related to transportation and limited economies of scale. Moreover, susceptibility to natural disasters such as hurricanes and the impacts of climate change pose risks to business operations and infrastructure.

Macroeconomy & Sovereign Data

Type of Government Parliamentary democracy (House of Assembly) under a constitutional monarchy; a Commonwealth realm
Capital Kingstown
Sovereign Ratings S&P: Not rated
Moody’s: B3
Fitch: Not rated
Total Population 111,000
Median Age 33.4
Adult Per Capita Income (PPP) 20,743.41
Total GDP (2023) 1.1 billion

St. Vincent and the Grenadines GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 460.7 million (2023)
Leading Exports Recreational Boats
Drilling Platforms
Cargo Ships
Wheat Flours
Animal Food
Collector’s Items
Total Imports USD 187.6 million (2022)
Leading Imports Dredger Ships
Refined Petroleum
Floating Docks
Packaged Medicines
Source: World Integrated Trade Solution

St. Vincent and the Grenadines Leading Companies

Bank of St. Vincent and the Grenadines Financials
Leisure Rentals St. Vincent Hotels, Restaurants & Leisure
St. Vincent Brewery Consumer Staples, Brewers
C.K. Greaves & Co Food & Staples Retailing
The Vincentian Publishing Company Media, Publishing

Major Trade Partners — Import

United States 43%
Trinidad and Tobago 11%
United Kingdom 8%
China 6%
Japan 3%

Major Trade Partners — Export

United States 20%
Barbados 12%
Portugal 11%
St. Luica 10%
Trinidad and Tobago 9%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000