Saint Vincent and the Grenadines: public finances

What is the national debt of St Vincent and the Grenadines?

Public sector debt in St Vincent and the Grenadines was EC$3,519.9 million at the end of 2025, equal to 109.0% of GDP, up from 102.5% a year earlier, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for the country. The ratio was 68.0% in 2019.

Most of the debt is external loans from bilateral and multilateral lenders. The bank links the rise to repeated natural disasters, including Hurricane Beryl in 2024, and to large public investment projects. The member countries of the Eastern Caribbean Currency Union have a long-term regional debt target, and the bank says that under current policies the country is unlikely to meet it by 2035.

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

What is the budget deficit of St Vincent and the Grenadines?

The government of St Vincent and the Grenadines ran an overall deficit of EC$407.6 million in 2025, about 12.6% of GDP, narrower than the 14.0% of 2024, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for the country. The primary deficit, which leaves out interest, narrowed from 10.5% to 8.9% of GDP.

Capital spending fell as rebuilding after Hurricane Beryl slowed and port modernisation spending declined, while current spending rose with public sector pay increases and a cost of living allowance. Tax revenue was 24.4% of GDP and interest payments 3.8%. The deficit was financed mainly from external sources. The bank estimates an overall deficit of EC$455.5 million in 2026.

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

What is Saint Vincent and the Grenadines' national debt?

The IMF puts general government gross debt in Saint Vincent and the Grenadines at 107.7% of GDP in 2025. No year since 2005 has been higher. It is 1st highest of 31 in Latin America & Caribbean, where the median is 65.6% of GDP. Worldwide: 16th of 185.

What is Saint Vincent and the Grenadines' fiscal deficit?

The IMF puts general government net lending or borrowing in Saint Vincent and the Grenadines at -13.0% of GDP in 2025, which is a deficit. The peak was 0.0% of GDP in 2016 and the low -18.9% of GDP in 2024. It is 32nd highest of 32 in Latin America & Caribbean, where the median is -2.8% of GDP. World rank, highest first: 182nd of 188.

What is Saint Vincent and the Grenadines' government revenue?

The IMF puts general government revenue in Saint Vincent and the Grenadines at 28.4% of GDP in 2025. Since 2005 it has ranged from 22.4% of GDP (2005) to 30.0% of GDP (2021). It is 10th highest of 32 in Latin America & Caribbean, where the median is 24.9% of GDP. Of 187 countries with 2025 data, 85th highest.

How big is Saint Vincent and the Grenadines' government spending as a share of GDP?

The IMF puts general government spending in Saint Vincent and the Grenadines at 41.4% of GDP in 2025. Its high point since 2005 was 2024, at 43.9% of GDP; its low point was 2006, at 26.1% of GDP. Across Latin America & Caribbean the middle value was 26.7% of GDP, and Saint Vincent and the Grenadines placed 4th highest of 32. World rank, highest first: 48th of 186.

What is Saint Vincent and the Grenadines' tax to GDP ratio?

23.8% of GDP: that is central government tax revenue in Saint Vincent and the Grenadines for 2017, according to the IMF. Since 2005 it has ranged from 19.7% of GDP (2005) to 24.4% of GDP (2016). Latin America & Caribbean median: 14.8% of GDP; Saint Vincent and the Grenadines is 2nd highest of 22. Of 143 countries with 2017 data, 20th highest.