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St. Vincent and the Grenadines

St. Vincent and the Grenadines flag

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The IMF's 2024 report for St. Vincent and the Grenadines outlines GDP trends, government finances, and public debt. The country's GDP (nominal, at market prices) for recent years was approximately EC$2,458 million. Public sector external debt as a percentage of GDP was estimated at 68.1% and projected to shift in the coming years

Growth reached 3.1 percent in 2022 and is estimated to have accelerated to 5.8 percent in 2023, supported by large public and private investment and a robust recovery of tourism, which were partly offset by a drop in agriculture due to lingering effects from volcanic eruptions and the historic high temperature in 2023 (text chart).3 Stayover arrivals approached pre-pandemic levels in 2023 supported by significant improvement in airlift. Formal employment surpassed prepandemic levels in 2022 and is estimated to have continued to grow in 2023, fueled by the recovery in tourism and higher demand in other services (e.g., IT services).

Annual GDP: 950 million USD

Annual Tourists: approx 80,000

Total Population: appprox 0.100374 million

Total Working Population: approx 65,000

Population Density: 284 per sq/km

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