Saint Vincent ranked 186/197 by economy size with a GDP of $1.16B and 82/197 by GDP per capita at $11,501. Saint Vincent has $1.07B in government debt, with a debt-to-GDP ratio of 93.5%.
In 2025, Saint Vincent made up 0.001% of the world's economy, compared to 0.001% in 1960.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1960 | $13,066,634 | $159,183,504 | - |
| 1961 | $13,999,965 | $166,390,193 | 7.14% |
| 1962 | $14,524,964 | $172,537,082 | 3.75% |
| 1963 | $13,708,299 | $161,727,050 | -5.62% |
| 1964 | $14,758,296 | $167,661,989 | 7.66% |
| 1965 | $15,108,296 | $169,145,688 | 2.37% |
| 1966 | $16,099,960 | $169,145,688 | 6.56% |
| 1967 | $15,835,106 | $153,036,568 | -1.65% |
| 1968 | $15,350,000 | $162,998,799 | -3.06% |
| 1969 | $16,650,000 | $167,661,942 | 8.47% |
| 1970 | $18,450,000 | $185,678,709 | 10.8% |
| 1971 | $20,051,922 | $191,189,747 | 8.68% |
| 1972 | $27,585,805 | $240,576,905 | 37.6% |
| 1973 | $30,165,081 | $213,869,657 | 9.35% |
| 1974 | $32,923,703 | $195,005,088 | 9.15% |
| 1975 | $33,237,226 | $180,167,718 | 0.95% |
| 1976 | $32,792,845 | $198,863,398 | -1.34% |
| 1977 | $49,353,162 | $225,171,854 | 50.5% |
| 1978 | $60,844,771 | $247,187,974 | 23.3% |
| 1979 | $71,096,360 | $255,548,407 | 16.8% |
| 1980 | $82,340,340 | $261,790,740 | 15.8% |
| 1981 | $102,086,539 | $273,869,514 | 24% |
| 1982 | $113,759,203 | $286,130,239 | 11.4% |
| 1983 | $122,255,350 | $292,335,248 | 7.47% |
| 1984 | $135,024,988 | $311,589,438 | 10.4% |
| 1985 | $145,641,705 | $330,843,628 | 7.86% |
| 1986 | $160,846,657 | $349,370,013 | 10.4% |
| 1987 | $175,580,647 | $350,900,271 | 9.16% |
| 1988 | $200,726,713 | $400,288,412 | 14.3% |
| 1989 | $214,745,002 | $405,914,910 | 6.98% |
| 1990 | $240,366,667 | $422,757,077 | 11.9% |
| 1991 | $254,829,630 | $427,557,802 | 6.02% |
| 1992 | $277,955,556 | $454,827,185 | 9.08% |
| 1993 | $286,307,407 | $474,160,664 | 3% |
| 1994 | $289,437,037 | $468,244,924 | 1.09% |
| 1995 | $316,007,407 | $504,611,870 | 9.18% |
| 1996 | $331,488,889 | $511,110,827 | 4.9% |
| 1997 | $347,770,370 | $529,026,033 | 4.91% |
| 1998 | $373,618,519 | $550,664,228 | 7.43% |
| 1999 | $390,718,519 | $565,588,940 | 4.58% |
| 2000 | $427,946,037 | $574,859,123 | 9.53% |
| 2001 | $462,072,333 | $584,908,989 | 7.97% |
| 2002 | $487,763,852 | $616,155,570 | 5.56% |
| 2003 | $509,090,889 | $657,384,614 | 4.37% |
| 2004 | $549,900,185 | $684,434,011 | 8.02% |
| 2005 | $579,948,926 | $701,466,543 | 5.46% |
| 2006 | $643,501,148 | $750,547,640 | 11% |
| 2007 | $713,596,667 | $775,488,103 | 10.9% |
| 2008 | $732,663,259 | $778,626,044 | 2.67% |
| 2009 | $714,300,259 | $767,895,070 | -2.51% |
| 2010 | $720,447,889 | $733,566,567 | 0.86% |
| 2011 | $713,796,370 | $729,119,124 | -0.92% |
| 2012 | $730,032,593 | $737,643,344 | 2.27% |
| 2013 | $764,781,259 | $755,807,695 | 4.76% |
| 2014 | $770,900,000 | $765,257,214 | 0.8% |
| 2015 | $786,555,556 | $786,555,556 | 2.03% |
| 2016 | $814,303,704 | $819,165,612 | 3.53% |
| 2017 | $844,040,741 | $831,033,934 | 3.65% |
| 2018 | $884,329,630 | $857,424,343 | 4.77% |
| 2019 | $910,481,481 | $863,155,611 | 2.96% |
| 2020 | $864,566,667 | $826,308,151 | -5.04% |
| 2021 | $888,677,778 | $843,606,096 | 2.79% |
| 2022 | $989,188,889 | $869,849,273 | 11.3% |
| 2023 | $1,072,237,037 | $916,180,618 | 8.4% |
| 2024 | $1,157,207,407 | $953,394,362 | 7.92% |
Economic Statistics of Saint Vincent
Saint Vincent
|
Rank | |
|---|---|---|
| Gross domestic product |
$1.16B
2024 |
186/197 |
| GDP growth |
7.92%
2023-2024 |
67/196 |
| GDP per capita |
$11,501
2024 |
82/197 |
| GDP per capita, PPP |
$21,272
2024 |
92/197 |
| Government debt |
$1.07B
2024 |
169/185 |
| Debt-to-GDP ratio |
93.5%
2025 |
27/185 |
| Government debt per person |
$10,661
2024 |
56/185 |
| Average annual personal income after taxes |
$14,935
2025 |
56/197 |
| Government expenditure, % of GDP |
36.4%
2025 |
65/195 |
| Consumer prices inflation |
3.63%
2023-2024 |
81/195 |
| Unemployment rate |
18.8%
2008 |
13/196 |
| Population |
99920
|
184/197 |
Saint Vincent's GDP per capita
Saint Vincent has a GDP per capita of $11,501, ranking 82/197, a GDP per capita based on purchasing power parity (PPP) of $21,272, ranking 92/197, and a median annual after tax income of $14,935, ranking 56/197.
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1960 | $154.8 | - |
| 1961 | $163 | - |
| 1962 | $166.5 | - |
| 1963 | $154.9 | - |
| 1964 | $164.4 | - |
| 1965 | $166.2 | - |
| 1966 | $174.9 | - |
| 1967 | $170 | - |
| 1968 | $163.1 | - |
| 1969 | $175.2 | - |
| 1970 | $192.3 | - |
| 1971 | $207 | - |
| 1972 | $282.1 | - |
| 1973 | $306 | - |
| 1974 | $331 | - |
| 1975 | $331 | - |
| 1976 | $324 | - |
| 1977 | $484 | - |
| 1978 | $592 | - |
| 1979 | $687 | - |
| 1980 | $790 | - |
| 1981 | $972 | - |
| 1982 | $1,074 | - |
| 1983 | $1,144 | - |
| 1984 | $1,254 | - |
| 1985 | $1,342 | - |
| 1986 | $1,472 | - |
| 1987 | $1,596 | - |
| 1988 | $1,814 | - |
| 1989 | $1,930 | - |
| 1990 | $2,150 | $3,960 |
| 1991 | $2,271 | $4,126 |
| 1992 | $2,471 | $4,477 |
| 1993 | $2,540 | $4,769 |
| 1994 | $2,563 | $4,802 |
| 1995 | $2,795 | $5,277 |
| 1996 | $2,930 | $5,440 |
| 1997 | $3,074 | $5,726 |
| 1998 | $3,301 | $6,026 |
| 1999 | $3,447 | $6,266 |
| 2000 | $3,769 | $6,503 |
| 2001 | $4,071 | $6,768 |
| 2002 | $4,303 | $7,250 |
| 2003 | $4,500 | $7,903 |
| 2004 | $4,873 | $8,472 |
| 2005 | $5,157 | $8,986 |
| 2006 | $5,745 | $9,949 |
| 2007 | $6,398 | $10,604 |
| 2008 | $6,599 | $10,902 |
| 2009 | $6,464 | $10,869 |
| 2010 | $6,552 | $10,561 |
| 2011 | $6,528 | $10,774 |
| 2012 | $6,714 | $10,989 |
| 2013 | $7,072 | $11,625 |
| 2014 | $7,169 | $12,136 |
| 2015 | $7,354 | $12,379 |
| 2016 | $7,657 | $13,493 |
| 2017 | $7,988 | $13,575 |
| 2018 | $8,428 | $14,690 |
| 2019 | $8,741 | $15,340 |
| 2020 | $8,351 | $15,337 |
| 2021 | $8,641 | $16,201 |
| 2022 | $9,694 | $18,035 |
| 2023 | $10,582 | $19,820 |
| 2024 | $11,501 | $21,272 |
Saint Vincent's government spending, deficit, and chart
This chart shows Saint Vincent's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 42 years, Saint Vincent recorded a fiscal deficit in 32 years — average annual deficit equal to -2.47% of GDP. In 2024, government spending reached $453M (36.4% of GDP), with a deficit of -7.74%.
The national debt reached $1.07B, ranking 169th out of 185 countries by total size, with a debt-to-GDP ratio of 93.5%, ranking 27th.
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 1984 | 23.1% | - | 2.5% |
| 1985 | 21.4% | - | 4.23% |
| 1986 | 22.3% | - | 2.32% |
| 1987 | 23.7% | - | 1.1% |
| 1988 | 24.8% | - | 0.59% |
| 1989 | 27.6% | - | -1.92% |
| 1990 | 23.1% | 53.9% | 1.69% |
| 1991 | 25.5% | 52.1% | -0.47% |
| 1992 | 25.4% | 49.6% | -3.25% |
| 1993 | 22.3% | 48.1% | -1.46% |
| 1994 | 22.4% | 52.8% | 0.12% |
| 1995 | 19.9% | 46.8% | 1.08% |
| 1996 | 20.9% | 40.7% | 1.57% |
| 1997 | 26% | 38.8% | -2.77% |
| 1998 | 25.2% | 39.5% | -1.81% |
| 1999 | 25.2% | 52.9% | -1.93% |
| 2000 | 23.8% | 54.3% | -0.82% |
| 2001 | 24.4% | 52% | -1.6% |
| 2002 | 25.7% | 53.2% | -2% |
| 2003 | 26% | 55.3% | -2.51% |
| 2004 | 24.9% | 58.6% | -2.71% |
| 2005 | 26.7% | 50.5% | -4.3% |
| 2006 | 26.1% | 44.7% | -3.13% |
| 2007 | 27.1% | 48.5% | -3.07% |
| 2008 | 28.4% | 50.3% | -1.3% |
| 2009 | 31% | 57.2% | -2.85% |
| 2010 | 31.1% | 61.1% | -3.7% |
| 2011 | 29.4% | 64% | -3.5% |
| 2012 | 26.5% | 68.1% | -1.81% |
| 2013 | 29.4% | 69.9% | -5.81% |
| 2014 | 30.4% | 75% | -2.82% |
| 2015 | 27.6% | 75.1% | -2.01% |
| 2016 | 27.1% | 79.4% | 0.04% |
| 2017 | 26.6% | 69% | -1.56% |
| 2018 | 26.3% | 69.4% | -1.65% |
| 2019 | 29.2% | 68.2% | -3.45% |
| 2020 | 32.9% | 80% | -5.92% |
| 2021 | 37.2% | 88.4% | -7.19% |
| 2022 | 36.6% | 86.3% | -9.35% |
| 2023 | 38.8% | 89.2% | -11.9% |
| 2024 | 39.1% | 92.7% | -12.5% |
| 2025 | 36.4% | 93.5% | -7.74% |
Inflation rate by year
Over the past 20 years, Saint Vincent has had an average annual inflation rate of 2.5%. In 2024, inflation was 3.63%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 1975 | 6.8% |
| 1976 | 11.3% |
| 1977 | 10.2% |
| 1978 | 8.43% |
| 1979 | 15.6% |
| 1980 | 17.2% |
| 1981 | 12.7% |
| 1982 | 7.23% |
| 1983 | 5.46% |
| 1984 | 2.7% |
| 1985 | 2.14% |
| 1986 | 1.03% |
| 1987 | 3.31% |
| 1988 | 0.23% |
| 1989 | 2.83% |
| 1990 | 7.61% |
| 1991 | 5.49% |
| 1992 | 3.46% |
| 1993 | 4.29% |
| 1994 | 1.01% |
| 1995 | 1.74% |
| 1996 | 4.41% |
| 1997 | 0.44% |
| 1998 | 2.14% |
| 1999 | 1.01% |
| 2000 | 0.17% |
| 2001 | 0.9% |
| 2002 | 1.86% |
| 2003 | 0.21% |
| 2004 | 2.96% |
| 2005 | 3.73% |
| 2006 | 2.74% |
| 2007 | 7.24% |
| 2008 | 10.1% |
| 2009 | 0.42% |
| 2010 | 0.75% |
| 2011 | 3.19% |
| 2012 | 2.6% |
| 2013 | 0.81% |
| 2014 | 0.19% |
| 2015 | -1.73% |
| 2016 | -0.15% |
| 2017 | 2.15% |
| 2018 | 2.32% |
| 2019 | 0.91% |
| 2020 | -0.63% |
| 2021 | 1.57% |
| 2022 | 5.66% |
| 2023 | 4.56% |
| 2024 | 3.63% |
Balance of trade
|
Saint Vincent
|
Rank | |
|---|---|---|
Current account balance
|
-$157M
2024 |
91/189 |
| Current account balance, % of GDP |
-13.5%
2024 |
165/189 |
| Goods imports |
$445M
2024 |
173/188 |
| Goods exports |
$59.2M
2024 |
177/188 |
| Service imports |
$196M
2024 |
174/188 |
| Service exports |
$366M
2024 |
153/188 |
| Exports of goods and services, % of GDP |
15.3%
2025 |
167/193 |
Saint Vincent's top 10 trading partners
Saint Vincent's biggest trading partner accounting for 41.7%% of all exports and imports is the United States, with a trade balance between the two of -$198M — Saint Vincent exports $4.59M worth of goods and services to the United States and imports $202M.
Below is the list of the top 10 trade partners of Saint Vincent.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
United States
|
$207M | 41.7% | $4.59M | $202M | Animal & marine products | Machinery & equipment |
| 2 |
Trinidad
|
$42.6M | 8.58% | $2.36M | $40.2M | Raw agricultural goods | Processed food, beverages & tobacco |
| 3 |
United Kingdom
|
$34.8M | 7.01% | $441K | $34.3M | Raw agricultural goods | Machinery & equipment |
| 4 |
China
|
$33.6M | 6.78% | $0 | $33.6M | Animal & marine products | Machinery & equipment |
| 5 |
Barbados
|
$15.3M | 3.08% | $8.5M | $6.8M | Processed food, beverages & tobacco | Processed food, beverages & tobacco |
| 6 |
Netherlands
|
$13.6M | 2.74% | $261K | $13.3M | Machinery & equipment | Metals |
| 7 |
Japan
|
$10.3M | 2.08% | $36K | $10.3M | Machinery & equipment | Machinery & equipment |
| 8 |
Saint Lucia
|
$9.46M | 1.91% | $6.16M | $3.29M | Processed food, beverages & tobacco | Machinery & equipment |
| 9 |
Saint Kitts
|
$9.01M | 1.82% | $5.44M | $3.57M | Processed food, beverages & tobacco | Processed food, beverages & tobacco |
| 10 |
Turkey
|
$8.3M | 1.67% | $1.66M | $6.64M | Machinery & equipment | Metals |
Saint Vincent's top 10 exports
|
Saint Vincent
|
Rank | |
|---|---|---|
| Transport & tourism services | $177M | 146/188 |
| Business & finance services | $26.5M | 152/188 |
| Raw agricultural goods | $13.8M | 151/193 |
| Processed food, beverages & tobacco | $11.3M | 160/192 |
| IT & IP services | $5.29M | 164/183 |
| Animal & marine products | $4.51M | 162/192 |
| Machinery & equipment | $4.28M | 174/193 |
| Metals | $3.14M | 167/192 |
| Textiles & consumer goods | $1.68M | 167/193 |
| Government & miscellaneous services | $1.59M | 169/180 |
Saint Vincent's top 10 imports
|
Saint Vincent
|
Rank | |
|---|---|---|
| Machinery & equipment | $107M | 179/193 |
| Raw materials & minerals | $67.9M | 178/193 |
| Processed food, beverages & tobacco | $62.7M | 177/193 |
| Transport & tourism services | $62.3M | 181/188 |
| Textiles & consumer goods | $49.1M | 175/193 |
| Chemicals & pharma | $45.2M | 178/193 |
| Business & finance services | $39.7M | 170/188 |
| Metals | $39.5M | 176/193 |
| Animal & marine products | $31.2M | 172/193 |
| Raw agricultural goods | $25.3M | 182/193 |
Economic freedom indices
|
Saint Vincent
|
Rank | |
|---|---|---|
| Economic freedom | 60.1 | 95/197 |
| Property rights | 69 | 54/182 |
| Government integrity | 61.7 | 54/182 |
| Judicial effectiveness | 77.8 | 54/182 |
| Tax burden | 74.9 | 126/181 |
| Government spending | 58.9 | 126/180 |
| Fiscal health | 4.8 | 169/181 |
| Business freedom | 69.4 | 76/182 |
| Labor freedom | 59.7 | 67/182 |
| Monetary freedom | 76.5 | 24/180 |
| Trade freedom | 59 | 151/181 |
| Investment freedom | 70 | 39/181 |
| Financial freedom | 40 | 126/181 |
Saint Vincent's economic freedom by year
Saint Vincent is ranked 85/180 for economic freedom with a score of 60.1, compared to 57/178 and a score of 64.3 in 2009.
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2009 | 64.3 | - | 64.7 | 60.9 | - |
| 2010 | 66.9 | - | 72.5 | 64.1 | - |
| 2011 | 66.9 | - | 72.3 | 65.1 | - |
| 2012 | 66.5 | - | 71.5 | 60.7 | - |
| 2013 | 66.7 | - | 74.2 | 67.1 | - |
| 2014 | 67 | - | 73.7 | 72.4 | - |
| 2015 | 68 | - | 73.3 | 75.3 | - |
| 2016 | 68.8 | - | 73.8 | 69.7 | - |
| 2017 | 65.2 | 68.8 | 72.8 | 71.7 | 66.7 |
| 2018 | 67.7 | 69.2 | 72.7 | 72.7 | 83.4 |
| 2019 | 65.8 | 63.8 | 71.2 | 74.3 | 85 |
| 2020 | 66.8 | 62.6 | 72.4 | 73.7 | 89 |
| 2021 | 66.3 | 66.3 | 74.9 | 71.6 | 87.6 |
| 2022 | 65.7 | 76.9 | 75.5 | 66.9 | 68.5 |
| 2023 | 63.5 | 62.8 | 75.5 | 65.7 | 43.2 |
| 2024 | 59.8 | 77.3 | 76.3 | 61.1 | 4.5 |
| 2025 | 60.1 | 77.8 | 74.9 | 58.9 | 4.8 |
More economic indicators
|
Saint Vincent
|
Rank | |
|---|---|---|
| Services, % of GDP |
66.4%
2024 |
35/191 |
| Industry, % of GDP |
15.4%
2024 |
159/194 |
| Agriculture, forestry, and fishing, % of GDP |
3.55%
2024 |
122/193 |
|
GNI, Atlas method
|
$1.11B
2024 |
184/194 |
| GNI per capita, PPP |
$21,080
2024 |
86/191 |
| Total reserves including gold |
$317M
2024 |
167/177 |
|
Net foreign direct investment
|
-$74M
2024 |
67/188 |
|
Net inflows of foreign direct investment
|
$73.8M
2024 |
152/193 |
|
Net outflows of foreign direct investment
|
-$277K
2024 |
162/187 |
|
Servicing debt to the IMF, % of GNI
|
3.55%
2023 |
68/119 |
Compare countries by 7 more topics
GDP per capita map
GDP per capita
Relevant pages:
Saint Vincent topic pages:
Economy comparisons
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.