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Saint Vincent and the Grenadines Economy |
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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 large 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.)
Inflation rate: -0.4% (2001 est.)
Labor force
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67.000 (1984 est.)
Industries: food processing. cement. furniture. clothing. starch |
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 Saint Vincent and the Grenadines More Facts |
Electricity - production:
95 million kwh (2003)
Oil - production: 0 bbl/day (2003 est.)
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Saint Vincent and the Grenadines More Facts |
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Exports:
$37 million (2004 est.)
Imports
: $225 million (2004 est.)
Currency (code)
: east caribbean dollar (xcd)
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