St. Vincent and the Grenadines 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$1.07 billion
↑ 10.29% vs 2022GDP per Capita
$10,520.44
↑ 11.08% vs 2022GDP Growth (Annual %)
6.02%
↓ 1.14pp vs 2022Inflation Rate (CPI %)
4.56%
↓ 1.10pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $966.49 million | $1.07 billion | +10.29% |
| GDP per Capita | $9,471.15 | $10,520.44 | +11.08% |
| GDP Growth (Annual %) | 7.16% | 6.02% | -1.14pp |
| Inflation (CPI %) | 5.66% | 4.56% | -1.10pp |
| Unemployment Rate (%) | 19.42% | 18.57% | -0.84pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $1.07 billion
- GDP per Capita
- $10,520.44
- GDP Growth (Annual %)
- 6.02%
- Gross National Income
- $1.06 billion
Prices & Employment
- Inflation (CPI %)
- 4.56%
- Inflation (GDP Deflator %)
- 4.03%
- Unemployment Rate (%)
- 18.57%
- Interest Rate (Real %)
- 3.01%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -16.93%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, St. Vincent and the Grenadines's Gross Domestic Product (GDP) is $1.07 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in St. Vincent and the Grenadines for 2023 is $10,520.44. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in St. Vincent and the Grenadines for 2023 is 4.56%. This measures the annual percentage change in the cost of consumer goods and services.
St. Vincent and the Grenadines's annual GDP growth rate for 2023 is 6.02%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in St. Vincent and the Grenadines for 2023 is 18.57%. This represents the percentage of the labor force that is unemployed and actively seeking employment.