Economy of St. Vincent and the Grenadines

Imports
Imports commoditiesfoodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels
Import partnersSingapore 28%, Trinidad and Tobago 22.6%, US 19%, China 5.6%, Barbados 5% (2012)
Exports
Exports commoditiesbananas, eddoes and dasheen (taro), arrowroot starch; tennis racquets
Export partnersTrinidad and Tobago 14.5%, St. Lucia 12.9%, Turkey 12.7%, Barbados 10.7%, Dominica 8.5%, Grenada 8.1%, Antigua and Barbuda 7.3% (2012)
Economy sectors
Agriculture productsbananas, coconuts, sweet potatoes, spices; small numbers of cattle, sheep, pigs, goats; fish
Industrial productstourism; food processing, cement, furniture, clothing, starch
Economy
Unemployment15.0 % (2001)22.0 % (1997)
GDP - Official Exchange Rate742 Million $ (2013)703 Million $ (2012)677 Million $ (2011)
GDP - Official Exchange Rate of St. Vincent and the Grenadines
GDP growth rate2.00 % (2013)1.50 % (2012)0.00 % (2011)
GDP growth rate of St. Vincent and the Grenadines
GDP per Capita (PPP)12,100 $ (2013)11,800 $ (2012)11,700 $ (2011)
GDP per Capita (PPP) of St. Vincent and the Grenadines
GDP - Purchasing Power Parity1.34 Billion $ (2013)1.29 Billion $ (2012)1.29 Billion $ (2011)
GDP - Purchasing Power Parity of St. Vincent and the Grenadines
GDP PPP per land area3.43 Million $ per square kilometer (2013)3.32 Million $ per square kilometer (2012)3.30 Million $ per square kilometer (2011)
GDP PPP per land area of St. Vincent and the Grenadines
ElectricityBanking
Central bank discount rate6.50 % (2010)6.50 % (2009)6.50 % (2008)
Central bank discount rate of St. Vincent and the Grenadines
Commercial bank prime lending rate9.40 % (2013)9.43 % (2012)9.13 % (2011)
Commercial bank prime lending rate of St. Vincent and the Grenadines
GDP decomposition by sector
Agriculture % of GDP5.40 % (2013)5.40 % (2012)
Industry % of GDP20.3 % (2013)20.0 % (2012)
Services % of GDP74.4 % (2013)74.6 % (2012)
Tourism
International tourism, number of arrivals74,000 (2012)74,000 (2011)72,000 (2010)
International tourism, number of arrivals of St. Vincent and the Grenadines
Yearly Tourist arrivals to residents ratio71.5 % (2012)71.2 % (2011)65.9 % (2010)
Yearly Tourist arrivals to residents ratio of St. Vincent and the Grenadines
Debt, Current Account Balance and Budget Deficit
Current Account Balance (Percentage of GDP)-31.08 % of GDP (2012)-29.37 % of GDP (2011)-30.57 % of GDP (2010)
Current Account Balance (Percentage of GDP) of St. Vincent and the Grenadines
External Debt Stocks (Percentage of GNI)38.1 % of GNI (2012)41.7 % of GNI (2011)40.9 % of GNI (2010)
External Debt Stocks (Percentage of GNI) of St. Vincent and the Grenadines
Short-term debt (percentage of total external debt)0.01 % of total external debt (2012)0.01 % of total external debt (2011)0.00 % of total external debt (2010)
Short-term debt (percentage of total external debt) of St. Vincent and the Grenadines
Current Account Balance (Total)-207.70 Million $ (2013)-215.90 Million $ (2012)-221.60 Million $ (2011)
Current Account Balance (Total) of St. Vincent and the Grenadines
External Debt (Total)255 Million $ (2013)265 Million $ (2012)265 Million $ (2011)
External Debt (Total) of St. Vincent and the Grenadines
External Debt (Percentage of GDP)34.4 % of GDP (2013)37.7 % of GDP (2012)39.1 % of GDP (2011)
External Debt (Percentage of GDP) of St. Vincent and the Grenadines
External Debt per Capita2,473 $ (2013)2,559 $ (2012)2,550 $ (2011)
External Debt per Capita of St. Vincent and the Grenadines