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    Saint Vincent and the Grenadines Index 2006

    Saint Vincent and the Grenadines Main Index


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    Saint Vincent and the Grenadines Economy - 2006
    https://theodora.com/wfbcurrent/saint_vincent_and_the_grenadines/saint_vincent_and_the_grenadines_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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 has suffered low arrivals following 11 September 2001. 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):
      $342 million (2002 est.)

      GDP (official exchange rate):
      NA

      GDP - real growth rate:
      0.7% (2002 est.)

      GDP - per capita (PPP):
      $2,900 (2002 est.)

      GDP - composition by sector:
      agriculture: 10%
      industry: 26%
      services: 64% (2001 est.)

      Labor force:
      67,000 (1984 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):
      -0.4% (2001 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:
      95 million kWh (2003)

      Electricity - consumption:
      88.35 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      1,300 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Exports:
      $37 million (2004 est.)

      Exports - commodities:
      bananas 39%, eddoes and dasheen (taro), arrowroot starch; tennis racquets

      Exports - partners:
      UK 33.5%, Barbados 13.1%, Saint Lucia 11.5%, Trinidad and Tobago 9.9%, Antigua and Barbuda 8.3%, US 5.3%, Grenada 5.3%, Dominica 4.1% (2004)

      Imports:
      $225 million (2004 est.)

      Imports - commodities:
      foodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels

      Imports - partners:
      US 37.5%, Trinidad and Tobago 21.3%, UK 10.5% (2004)

      Debt - external:
      $167.2 million (2000)

      Economic aid - recipient:
      $47.5 million (1995); note - EU $34.5 million (1998)

      Currency (code):
      East Caribbean dollar (XCD)

      Exchange rates:
      East Caribbean dollars per US dollar - 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Saint Vincent and the Grenadines on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Saint Vincent and the Grenadines Economy 2006 information contained here. All suggestions for corrections of any errors about Saint Vincent and the Grenadines Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/saint_vincent_and_the_grenadines/saint_vincent_and_the_grenadines_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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