sy in Saint Vincent and the
Grenadines; the US Ambassador to Barbados is accredited to Saint
Vincent and the Grenadines

Flag description:
three vertical bands of blue (hoist side), gold (double width), and
green; the gold band bears three green diamonds arranged in a V
pattern

Economy Saint Vincent and the Grenadines

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.)

GDP - real growth rate:
0.7% (2002 est.)

GDP - per capita:
purchasing power parity - $2,900 (2002 est.)

GDP - composition by sector:
agriculture: 10%
industry: 26%
services: 64% (2001 est.)

Labor force:
67,000 (1984 est.)

Labor force - by occupation:
agriculture 26%, industry 17%, services 57% (1980 est.)

Unemployment rate:
15% (2001 est.)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
-0.4% (2001 est.)

Budget:
revenues: $94.6 million
expenditures: $85.8 million, including capital expenditures of NA
(2000 est.)

Agriculture - products:
bananas, coconuts, sweet potatoes, spices, small numbers of cattle,
sheep, pigs, goats, fish

Industries:
food processing, cement, furniture, clothing, starch

Industrial production growth rate:
-0.9% (1997 est.)

Electricity - production:
91.2 million kWh (2002)

Electricity - production by source:
fossil fuel: 69.3%
hydro: 30.7%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
84.82 million kWh (2002)

Electricity - exports:
0 kWh (2002)

Electricity - imports:
0 kWh (2002)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
1,250 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Exports:
$38 million (2002 est.)

Exports - commodities:
bananas 39%, eddoes