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St. Vincent and the Grenadines
St. Vincent and the Grenadines
HistorySaid - pattern
St. Vincent and the Grenadines matched the Stagflation Risk pattern in 2008. 3 pattern matches detected historically. View →
Economy & Growth
GDP $1.2B
GDP per Capita $11,132
GDP Growth 4.40%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 4.20% | 3.55% | 1.89% | 1.89% Trend | 0.77% Trend | -0.35% Trend | - | - | - |
| GDP | $1.1B | $1.2B | $1.2B | $1.2B IMF WEO Oct 2025 | $1.3B IMF WEO Oct 2025 | $1.4B IMF WEO Oct 2025 | $1.4B IMF WEO Oct 2025 | $1.5B IMF WEO Oct 2025 | $1.6B IMF WEO Oct 2025 |
| GDP Deflator | 2.91% | 3.71% | 6.27% | 6.27% Trend | 7.40% Trend | 8.53% Trend | - | - | - |
| GDP Growth | 5.33% | 4.06% | 4.40% | 4.40% IMF WEO Oct 2025 | 2.70% IMF WEO Oct 2025 | 2.70% IMF WEO Oct 2025 | 2.70% IMF WEO Oct 2025 | 2.70% IMF WEO Oct 2025 | 2.70% IMF WEO Oct 2025 |
| GDP PPP | $2.0B | $2.1B | $2.4B | $2.4B IMF WEO Oct 2025 | $2.5B IMF WEO Oct 2025 | $2.6B IMF WEO Oct 2025 | $2.7B IMF WEO Oct 2025 | $2.8B IMF WEO Oct 2025 | $2.9B IMF WEO Oct 2025 |
| GDP per Capita | $10,582 | $11,501 | $11,132 | $11,132 IMF WEO Oct 2025 | $11,663 IMF WEO Oct 2025 | $12,204 IMF WEO Oct 2025 | $12,769 IMF WEO Oct 2025 | $13,360 IMF WEO Oct 2025 | $13,979 IMF WEO Oct 2025 |
| GDP per Capita PPP | $19,820 | $21,272 | $21,235 | $21,235 IMF WEO Oct 2025 | $22,176 IMF WEO Oct 2025 | $23,132 IMF WEO Oct 2025 | $24,116 IMF WEO Oct 2025 | $25,174 IMF WEO Oct 2025 | $26,310 IMF WEO Oct 2025 |
| GNI | $1.1B | $1.2B | $1.2B | $1.2B Trend | $1.3B Trend | $1.4B Trend | - | - | - |
| GNI per Capita | $10,380 | $11,060 | $11,724 | $11,724 Trend | $12,430 Trend | $13,136 Trend | - | - | - |
| Gross Savings | 21.54% | 21.32% | 16.32% | 16.32% IMF WEO Oct 2025 | 11.14% IMF WEO Oct 2025 | 13.13% IMF WEO Oct 2025 | 14.38% IMF WEO Oct 2025 | 14.79% IMF WEO Oct 2025 | 14.96% IMF WEO Oct 2025 |
| Industry Value Added | 14.75% | 15.42% | 16.32% | 16.32% Trend | 17.08% Trend | 17.84% Trend | - | - | - |
| Services Value Added | 66.39% | 66.40% | 67.53% | 67.53% Trend | 68.34% Trend | 69.14% Trend | - | - | - |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 2.08%
Consumer Price Index 132.46
PPP Conversion Factor 1.45
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 123.41 | 127.89 | 132.46 | 132.46 Trend | 137.22 Trend | 141.97 Trend | - | - | - |
| Inflation Rate | 4.56% | 3.63% | 2.08% | 2.08% IMF WEO Oct 2025 | 2.15% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 |
| PPP Conversion Factor | 1.44 | 1.46 | 1.45 | 1.45 Trend | 1.44 Trend | 1.44 Trend | - | - | - |
Italic values are IMF World Economic Outlook projections.
Population
Population 99,869
Population Growth -0.76%
Population Density 256.2
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 12.2 | - | 11.6 | 11.6 Trend | 11.3 Trend | - | - |
| Death Rate | 11.5 | - | 11.6 | 11.6 Trend | 11.5 Trend | - | - |
| Dependency Ratio | 49.72 | 49.66 | 49.85 | 49.85 Trend | 49.97 Trend | 50.08 Trend | - |
| Fertility Rate | 1.78 | - | 1.73 | 1.73 Trend | 1.71 Trend | - | - |
| Life Expectancy | 71.2 | - | 71.3 | 71.3 Trend | 71.5 Trend | - | - |
| Net Migration | -784 | -737 | -714 | - | -674 Trend | -637 Trend | -601 Trend |
| Population | 101,323 | 100,616 | 99,869 | 99,869 Trend | 99,135 Trend | 98,401 Trend | - |
| Population Density | 259.8 | - | 256.2 | 256.2 Trend | 254.4 Trend | - | - |
| Population Growth | -0.71% | -0.70% | -0.76% | -0.76% Trend | -0.78% Trend | -0.80% Trend | - |
| Refugee Population | - | - | - | - | - | - | - |
| Urban Population | 47.72% | 47.85% | 47.98% | 47.98% Trend | 48.11% Trend | 48.24% Trend | - |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 18.00%
Youth Unemployment 41.95%
Labor Force Participation 67.90%
▾
| Indicator | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Agriculture Employment | 9.62% | 9.34% | 9.07% | 8.73% Trend | 8.42% Trend | 8.11% Trend |
| Female Labor Participation | 58.57% | 59.25% | 59.22% | 60.37% Trend | 61.09% Trend | 61.80% Trend |
| Industry Employment | 21.00% | 21.07% | 21.13% | 21.47% Trend | 21.69% Trend | 21.90% Trend |
| Labor Force Participation | 67.86% | 68.04% | 67.90% | 68.45% Trend | 68.73% Trend | 69.01% Trend |
| Services Employment | 69.37% | 69.59% | 69.79% | 69.80% Trend | 69.89% Trend | 69.99% Trend |
| Unemployment Rate | 18.35% | 18.09% | 18.00% | - | - | - |
| Youth Unemployment | 42.33% | 41.85% | 41.95% | 40.13% Trend | 39.10% Trend | 38.07% Trend |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 23.80%
Government Spending 24.73%
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -11.96% | -12.90% | -7.57% | -7.57% IMF WEO Oct 2025 | -0.51% IMF WEO Oct 2025 | 0.68% IMF WEO Oct 2025 | 0.84% IMF WEO Oct 2025 | 0.95% IMF WEO Oct 2025 | 1.13% IMF WEO Oct 2025 |
| Government Debt to GDP | 89.43% | 92.68% | 93.99% | 93.99% IMF WEO Oct 2025 | 90.54% IMF WEO Oct 2025 | 86.61% IMF WEO Oct 2025 | 82.64% IMF WEO Oct 2025 | 78.66% IMF WEO Oct 2025 | 74.72% IMF WEO Oct 2025 |
| Government Revenue | 26.99% | 26.24% | 28.84% | 28.84% IMF WEO Oct 2025 | 28.64% IMF WEO Oct 2025 | 28.64% IMF WEO Oct 2025 | 28.64% IMF WEO Oct 2025 | 28.64% IMF WEO Oct 2025 | 28.64% IMF WEO Oct 2025 |
| Government Spending | - | - | - | - | - | - | - | - | - |
| Health Spending | 4.44% | - | 4.72% | 4.72% Trend | 4.73% Trend | - | - | - | - |
| Military Spending | - | - | - | - | - | - | - | - | - |
| Tax Revenue | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $881.5M
External Debt to GNI 73.87%
Short-term Debt 7.45%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Debt Service | 11.10% | 10.09% | 4.67% | 4.67% Trend | 0.97% Trend | -2.73% Trend |
| Domestic Credit | - | - | - | - | - | - |
| External Debt | $698.5M | $806.4M | $881.5M | $881.5M Trend | $965.1M Trend | $1.0B Trend |
| External Debt to GNI | 65.00% | 70.31% | 73.87% | 73.87% Trend | 77.33% Trend | 80.79% Trend |
| Interest Payments to Revenue | - | - | - | - | - | - |
| Short-term Debt | 9.49% | 8.06% | 7.45% | 7.45% Trend | 6.53% Trend | 5.61% Trend |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 6.77%
Deposit Rate 1.03%
Real Interest Rate 0.33%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 39.70% | 36.66% | 33.79% | 33.79% Trend | 30.97% Trend | 28.14% Trend |
| Deposit Rate | 1.24% | 1.25% | 1.03% | 1.03% Trend | 0.88% Trend | 0.74% Trend |
| Lending Rate | 7.16% | 7.10% | 6.77% | 6.77% Trend | 6.55% Trend | 6.32% Trend |
| M2 Money Supply Growth | 3.77% | 15.80% | 15.91% | 15.91% Trend | 19.48% Trend | 23.05% Trend |
| Non-Performing Loans | 8.11% | - | 10.42% | 10.42% Trend | 11.03% Trend | - |
| Real Interest Rate | 4.13% | 3.26% | 0.33% | 0.33% Trend | -1.07% Trend | -2.47% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 2.70
Real Effective Exchange Rate 105.91
Foreign Reserves $344.5M
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 2.70 | 2.70 | 2.70 | 2.70 Trend | 2.70 Trend | 2.70 Trend |
| Foreign Reserves | $280.6M | $316.8M | $344.5M | $344.5M Trend | $363.7M Trend | $382.9M Trend |
| Real Effective Exchange Rate | 104.75 | 105.91 | - | 106.51 Trend | 107.27 Trend | 108.04 Trend |
| Reserves in Months of Imports | 5.6 | 5.8 | 5.4 | 5.4 Trend | 5.1 Trend | 4.7 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $480.4M
Imports $722.5M
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -16.83% | -13.53% | -15.75% | -15.75% IMF WEO Oct 2025 | -13.52% IMF WEO Oct 2025 | -10.76% IMF WEO Oct 2025 | -9.52% IMF WEO Oct 2025 | -9.10% IMF WEO Oct 2025 | -8.93% IMF WEO Oct 2025 |
| Exports | $345.1M | $425.2M | $480.4M | $480.4M Trend | $549.0M Trend | $617.6M Trend | - | - | - |
| FDI Inflows | 6.89% | 12.01% | 9.46% | 9.46% Trend | 9.15% Trend | 8.84% Trend | - | - | - |
| FDI Outflows | -0.03% | -0.17% | -0.26% | -0.26% Trend | -0.33% Trend | -0.40% Trend | - | - | - |
| Imports | $588.9M | $641.2M | $722.5M | $722.5M Trend | $791.6M Trend | $860.7M Trend | - | - | - |
| Remittances Received | $91.6M | $91.9M | $104.8M | $104.8M Trend | $112.8M Trend | $120.7M Trend | - | - | - |
| Tourism Receipts | - | - | - | - | - | - | - | - | - |
| Trade Balance | - | - | - | - | - | - | - | - | - |
| Trade Openness | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Financial Markets
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | 5.92% | 5.85% | 5.75% | 5.75% Trend | 5.67% Trend | 5.58% Trend |
| Listed Companies | - | - | - | - | - | - |
| Market Capitalization | - | - | - | - | - | - |
| Stock Turnover Ratio | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 1.08
Government Effectiveness 0.06
Regulatory Quality 0.36
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | 0.76 | 0.74 | 0.73 | 0.73 Trend | 0.72 Trend |
| Government Effectiveness | 0.32 | 0.07 | 0.06 | 0.06 Trend | 0.01 Trend |
| Political Stability | 1.03 | 1.02 | 1.08 | 1.08 Trend | 1.09 Trend |
| Regulatory Quality | 0.35 | 0.32 | 0.36 | 0.36 Trend | 0.37 Trend |
| Rule of Law | 0.64 | 0.57 | 0.68 | 0.68 Trend | 0.71 Trend |
| Voice and Accountability | 0.85 | 0.83 | 0.79 | 0.79 Trend | 0.78 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $518
Infant Mortality Rate 8.8
Maternal Mortality Ratio 64.40
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $438 | $469 | $518 | $518 Trend | $541 Trend |
| Hospital Beds | 3.21 | - | 3.18 | 3.18 Trend | - |
| Infant Mortality Rate | 10.3 | 9.9 | 8.8 | 8.8 Trend | 8.2 Trend |
| Maternal Mortality Ratio | 56.00 | 56.00 | 64.40 | 64.40 Trend | 63.90 Trend |
| Physicians | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 95.63%
Tertiary Enrollment 23.62%
Education Spending 7.25%
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Education Spending | 7.08% | 6.46% | 7.25% | 7.25% Trend | 7.52% Trend |
| Literacy Rate | - | - | - | - | - |
| Primary Completion Rate | - | 109.65% | 111.26% | 111.26% Trend | 111.44% Trend |
| Primary Enrollment | - | 111.27% | 111.32% | 111.32% Trend | 111.05% Trend |
| Secondary Enrollment | - | 125.38% | 129.30% | 129.30% Trend | 130.99% Trend |
| Tertiary Enrollment | - | - | - | - | - |
| Youth Literacy Rate | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 5.12%
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | - | - | - | - | - |
| CO2 per Capita | - | - | - | - | - |
| Electricity Access | 100.00% | 100.00% | 100.00% | 100.00% Trend | 100.00% Trend |
| Energy Use per Capita | - | - | - | - | - |
| Forest Area | 73.18% | 73.18% | 73.18% | 73.18% Trend | 73.18% Trend |
| Renewable Energy | 5.10% | - | 5.12% | 5.12% Trend | - |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 84.09%
Mobile Subscriptions 107.24
R&D Spending 0.11%
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| High-tech Exports | 4.01% | 4.93% | 1.38% | 1.38% Trend | 0.79% Trend |
| Internet Users | 71.72% | 75.99% | 84.09% | 84.09% Trend | 88.21% Trend |
| Mobile Subscriptions | 102.33 | 101.63 | 107.24 | 107.24 Trend | 109.60 Trend |
| Patent Applications | - | - | - | - | - |
| R&D Spending | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Inequality
▾
Data & analysis
Real GDP growth (%)
| 2023 | 5.80 |
| 2024 | 4.80 |
| 2025 | 4.70 |
| 2026 | 2.90 |
| 2027 | 2.70 |
| 2028 | 2.70 |
| 2029 | 2.70 |
| 2030 | 2.70 |
CPI inflation (%)
| 2023 | 4.57 |
| 2024 | 3.59 |
| 2025 | 2.05 |
| 2026 | 2.00 |
| 2027 | 2.00 |
| 2028 | 2.00 |
| 2029 | 2.00 |
| 2030 | 2.00 |
Unemployment rate (%)
| 2023 | 0.00 |
| 2024 | 0.00 |
| 2025 | 0.00 |
| 2026 | 0.00 |
| 2027 | 0.00 |
| 2028 | 0.00 |
| 2029 | 0.00 |
| 2030 | 0.00 |
Source: IMF World Economic Outlook via DBnomics
St. Vincent and the Grenadines, an upper-middle-income economy in Latin America and the Caribbean, exhibits a clear trajectory of post-pandemic normalization followed by stabilization. Real GDP growth decelerated from 5.80 percent in 2023 to a projected 4.80 percent in 2024, before gradually converging to a steady 2.70 percent annually from 2027 through 2030. This pattern reflects a tapering of the recovery boom after the 2023 surge, settling into a modest long-term equilibrium. Concurrently, CPI inflation is forecast to ease from 4.57 percent in 2023 to 2.05 percent in 2025, then holding at 2.00 percent through 2030, indicating successful monetary stabilization. Historically, the nation achieved the top global ranking for GNI in 1963, 1964, and 1965, a stark contrast to its current moderate growth profile. The data tells a story of a small island economy transitioning from volatility to a steady state. Shifting this trajectory would require a structural catalyst, such as a major infrastructure investment or a new export sector, to lift the long-term growth rate above 2.70 percent.