[ Nominal GDP in billions of USD ]
Year -
$1.16 billions
St. Vincent and the Grenadines GDP expanded from 1960 to 2024, increasing from $0.01 billion to $1.16 billion.The compound annual growth rate (CAGR) averaged 7.71% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 5.49%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 1.16 Billions | $ 2.14 Int Billions |
| Growth (YoY) | 7.925% | 6.578% |
| Net Change vs Previous Year | $ 0.08 Billion | $ 0.13 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.01 | - | - | - | - | - |
| 1961 | 0.01 | 0 | 7.143 % | - | - | - |
| 1962 | 0.01 | 0 | 3.75 % | - | - | - |
| 1963 | 0.01 | 0 | -5.622 % | - | - | - |
| 1964 | 0.01 | 0 | 7.66 % | - | - | - |
| 1965 | 0.02 | 0 | 2.372 % | - | - | - |
| 1966 | 0.02 | 0 | 6.564 % | - | - | - |
| 1967 | 0.02 | 0 | -1.645 % | - | - | - |
| 1968 | 0.02 | 0 | -3.063 % | - | - | - |
| 1969 | 0.02 | 0 | 8.469 % | - | - | - |
| 1970 | 0.02 | 0 | 10.811 % | - | - | - |
| 1971 | 0.02 | 0 | 8.683 % | - | - | - |
| 1972 | 0.03 | 0.01 | 37.572 % | - | - | - |
| 1973 | 0.03 | 0 | 9.35 % | - | - | - |
| 1974 | 0.03 | 0 | 9.145 % | - | - | - |
| 1975 | 0.03 | 0 | 0.952 % | - | - | - |
| 1976 | 0.03 | 0 | -1.337 % | - | - | - |
| 1977 | 0.05 | 0.02 | 50.5 % | - | - | - |
| 1978 | 0.06 | 0.01 | 23.284 % | - | - | - |
| 1979 | 0.07 | 0.01 | 16.849 % | - | - | - |
| 1980 | 0.08 | 0.01 | 15.815 % | - | - | - |
| 1981 | 0.1 | 0.02 | 23.981 % | - | - | - |
| 1982 | 0.11 | 0.01 | 11.434 % | - | - | - |
| 1983 | 0.12 | 0.01 | 7.469 % | - | - | - |
| 1984 | 0.14 | 0.01 | 10.445 % | - | - | - |
| 1985 | 0.15 | 0.01 | 7.863 % | - | - | - |
| 1986 | 0.16 | 0.02 | 10.44 % | - | - | - |
| 1987 | 0.18 | 0.01 | 9.16 % | - | - | - |
| 1988 | 0.2 | 0.03 | 14.322 % | - | - | - |
| 1989 | 0.21 | 0.01 | 6.984 % | - | - | - |
| 1990 | 0.24 | 0.03 | 11.931 % | 0.44 | - | - |
| 1991 | 0.25 | 0.01 | 6.017 % | 0.46 | 0.02 | 4.556 % |
| 1992 | 0.28 | 0.02 | 9.075 % | 0.5 | 0.04 | 8.802 % |
| 1993 | 0.29 | 0.01 | 3.005 % | 0.54 | 0.03 | 6.722 % |
| 1994 | 0.29 | 0 | 1.093 % | 0.54 | 0 | 0.861 % |
| 1995 | 0.32 | 0.03 | 9.18 % | 0.6 | 0.05 | 10.026 % |
| 1996 | 0.33 | 0.02 | 4.899 % | 0.62 | 0.02 | 3.142 % |
| 1997 | 0.35 | 0.02 | 4.912 % | 0.65 | 0.03 | 5.29 % |
| 1998 | 0.37 | 0.03 | 7.433 % | 0.68 | 0.03 | 5.26 % |
| 1999 | 0.39 | 0.02 | 4.577 % | 0.71 | 0.03 | 4.164 % |
| 2000 | 0.43 | 0.04 | 9.528 % | 0.74 | 0.03 | 3.941 % |
| 2001 | 0.46 | 0.03 | 7.974 % | 0.77 | 0.03 | 4.039 % |
| 2002 | 0.49 | 0.03 | 5.56 % | 0.82 | 0.05 | 6.979 % |
| 2003 | 0.51 | 0.02 | 4.372 % | 0.89 | 0.07 | 8.798 % |
| 2004 | 0.55 | 0.04 | 8.016 % | 0.96 | 0.06 | 6.914 % |
| 2005 | 0.58 | 0.03 | 5.464 % | 1.01 | 0.05 | 5.702 % |
| 2006 | 0.64 | 0.06 | 10.958 % | 1.11 | 0.1 | 10.297 % |
| 2007 | 0.71 | 0.07 | 10.893 % | 1.18 | 0.07 | 6.122 % |
| 2008 | 0.73 | 0.02 | 2.672 % | 1.21 | 0.03 | 2.339 % |
| 2009 | 0.71 | -0.02 | -2.506 % | 1.2 | -0.01 | -0.77 % |
| 2010 | 0.72 | 0.01 | 0.861 % | 1.16 | -0.04 | -3.31 % |
| 2011 | 0.71 | -0.01 | -0.923 % | 1.18 | 0.02 | 1.444 % |
| 2012 | 0.73 | 0.02 | 2.275 % | 1.19 | 0.02 | 1.423 % |
| 2013 | 0.76 | 0.03 | 4.76 % | 1.26 | 0.06 | 5.206 % |
| 2014 | 0.77 | 0.01 | 0.8 % | 1.3 | 0.05 | 3.814 % |
| 2015 | 0.79 | 0.02 | 2.031 % | 1.32 | 0.02 | 1.459 % |
| 2016 | 0.81 | 0.03 | 3.528 % | 1.44 | 0.11 | 8.382 % |
| 2017 | 0.84 | 0.03 | 3.652 % | 1.43 | 0 | -0.042 % |
| 2018 | 0.88 | 0.04 | 4.773 % | 1.54 | 0.11 | 7.454 % |
| 2019 | 0.91 | 0.03 | 2.957 % | 1.6 | 0.06 | 3.667 % |
| 2020 | 0.86 | -0.05 | -5.043 % | 1.59 | -0.01 | -0.635 % |
| 2021 | 0.89 | 0.02 | 2.789 % | 1.67 | 0.08 | 4.937 % |
| 2022 | 0.99 | 0.1 | 11.31 % | 1.84 | 0.17 | 10.462 % |
| 2023 | 1.07 | 0.08 | 8.396 % | 2.01 | 0.17 | 9.116 % |
| 2024 | 1.16 | 0.08 | 7.925 % | 2.14 | 0.13 | 6.578 % |
Between 1960 to 2024, St. Vincent and the Grenadines experienced the following economic phases:
The most remarkable growth occurred in 1977 with an increase of 50.5%, while the largest decline was in 1963 at -5.622%.