Saint Vincent and the Grenadines: economy

What is the GDP growth rate of St Vincent and the Grenadines?

Real GDP in St Vincent and the Grenadines grew 1.2% in 2025, down from 4.5% in 2024 and below an earlier estimate of 3.4%, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for the country, published in September 2026. Construction shrank 10.1% and manufacturing 10.9%, while hotels and restaurants grew 12.4%.

The bank links the fall in construction to the completion of large projects in 2024, including the Sandals resort and the Holiday Inn, and the slowdown of the port modernisation project. Nominal GDP was EC$3,227.9 million. The bank estimates growth of 3.4% in 2026 and 3.2% in 2027; the 2025 figures are revised and use Statistical Office data.

Official sources: ECCB: St Vincent and the Grenadines Economic and Financial Review, 2025 update (PDF)

How many tourists visit St Vincent and the Grenadines?

St Vincent and the Grenadines received 120,599 stayover visitors in 2025, 17.4% more than in 2024, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for the country. Total arrivals, including cruise passengers, yacht visitors and excursionists, rose 5.8% and passed their pre-pandemic level.

The bank attributes the rise to destination marketing, more hotel rooms and more airline seats, and notes that cruise, yacht and excursionist arrivals had not yet returned to pre-pandemic levels. Travel receipts rose to 27.2% of GDP. Stayover visitors spend at least one night in the country, so they account for most tourism spending.

Official sources: ECCB: St Vincent and the Grenadines Economic and Financial Review, 2025 update (PDF)

Is Saint Vincent and the Grenadines' economy growing?

According to the World Bank, real GDP growth in Saint Vincent and the Grenadines was 3.4% in 2025. Since 2005 it has ranged from -4.5% (2010) to 7.0% (2006). It is 14th highest of 31 in Latin America & Caribbean, where the median is 2.7%. World rank, highest first: 89th of 180.

How rich is Saint Vincent and the Grenadines per person?

According to the World Bank, GDP per person in Saint Vincent and the Grenadines was $12,562 in 2025. It is the top of the series, which starts in 2005. Across Latin America & Caribbean the middle value was $10,989, and Saint Vincent and the Grenadines placed 13th highest of 31. Worldwide: 72nd of 180.

What is Saint Vincent and the Grenadines' GDP per person adjusted for prices?

$22,799 in international dollars: that is GDP per person at purchasing power parity in Saint Vincent and the Grenadines for 2025, according to the World Bank. It is the top of the series, which starts in 2005. Across Latin America & Caribbean the middle value was $22,756 in international dollars, and Saint Vincent and the Grenadines placed 15th highest of 30. Of 179 countries with 2025 data, 80th highest.

Does Saint Vincent and the Grenadines have a current account surplus or deficit?

The IMF puts the current account balance in Saint Vincent and the Grenadines at -16.1% of GDP in 2025, a deficit. Its high point since 2005 was 2019, at -2.4% of GDP; its low point was 2008, at -31.4% of GDP. Across Latin America & Caribbean the middle value was -1.2% of GDP, and Saint Vincent and the Grenadines placed 24th highest of 27. Of 132 countries with 2025 data, 126th highest.

How much foreign direct investment goes into Saint Vincent and the Grenadines?

According to the IMF, net inflows of foreign direct investment in Saint Vincent and the Grenadines was 8.9% of GDP in 2025. Its high point since 2005 was 2008, at 21.5% of GDP; its low point was 2018, at 4.5% of GDP. Across Latin America & Caribbean the middle value was 2.5% of GDP, and Saint Vincent and the Grenadines placed 5th highest of 31. World rank, highest first: 21st of 179.

What interest rate do banks charge in Saint Vincent and the Grenadines?

The latest figure from the IMF, for 2025, is 7.1%. That is the lowest since at least 2005. Latin America & Caribbean median: 8.8%; Saint Vincent and the Grenadines is 16th highest of 23. Worldwide: 51st of 73.