tive at introducing new
industries. Unemployment remains high, and economic growth hinges upon
seasonal variations in the agricultural and tourism sectors. Tropical
storms wiped out substantial portions of crops in 1994 and 1995, and
tourism in the Eastern Caribbean has suffered low arrivals following
September 11. St. Vincent is home to a small offshore banking sector,
but its restrictive secrecy laws have come under international review. As
of June 2001, it remained on the Financial Action Task Force's list of
noncooperative jurisdictions.
GDP: purchasing power parity - $339 million (2001 est.)
GDP - real growth rate: -0.8% (2001 est.)
GDP - per capita: purchasing power parity - $2,900 (2001 est.)
GDP - composition by sector: agriculture: 10% industry: 26% services:
64% (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.)
Labor force: 67,000 (1984 est.)
Labor force - by occupation: agriculture 26%, industry 17%, services 57%
(1980 est.)
Unemployment rate: 22% (1997 est.)
Budget: revenues: $94.6 million expenditures: $85.8 million, including
capital expenditures of $NA (2000 est.)
Industries: food processing, cement, furniture, clothing, starch
Industrial production growth rate: -0.9% (1997 est.)
Electricity - production: 82 million kWh (1999)
Electricity - production by source: fossil fuel: 73.17% hydro: 26.83%
other: 0% (1999) nuclear: 0%
Electricity - consumption: 76.3 million kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: bananas, coconuts, sweet potatoes, spices;
small numbers of cattle, sheep, pigs, goats; fish
Exports: $53.7 million (2000 est.)
Exports - commodities: bananas 39%, eddoes and dasheen (taro), arrowroot
starch, tennis racquets
Exports - partners: Caricom countries 49%, UK 16%, US 10% (1995)
Imports: $185.6 million (2000 est.)
Imports - commodities: foodstuffs, machinery and equipment, chemicals
and fertilizers, minerals and fuels
Imports - partners: US 36%, Caricom countries 28%, UK 13% (1995)
Debt - external: $167.2 million (2000)
Economic aid - recipient: $47.5 million (1995); note - EU $34.5 million
(1998)
Currency: East Caribbean dollar (XCD)
Currency code: XCD
Exchange rates: East Caribbean dollars per US d
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