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Economy of Antigua and Barbuda vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Antigua and Barbuda has a GDP of $2.21B compared to $1.16B for Saint Vincent, ranking 177/197 and 186/197 by economy size, respectively.

Antigua and Barbuda has $1.48B in government debt (63.4% of GDP), compared to $1.07B (90.1% of GDP) in Saint Vincent.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Antigua and Barbuda
GDP, current $

GDP, constant 2015 $
Saint Vincent
GDP, current $

GDP, constant 2015 $
Year GDP
Antigua Saint Vincent
Current $ Constant $ Current $ Constant $
1960 - - $13,066,634 $159,345,007
1961 - - $13,999,965 $166,559,007
1962 - - $14,524,964 $172,712,133
1963 - - $13,708,299 $161,891,133
1964 - - $14,758,296 $167,832,093
1965 - - $15,108,296 $169,317,298
1966 - - $16,099,960 $169,317,298
1967 - - $15,835,106 $153,191,835
1968 - - $15,350,000 $163,164,173
1969 - - $16,650,000 $167,832,047
1970 - - $18,450,000 $185,867,093
1971 - - $20,051,922 $191,383,722
1972 - - $27,585,805 $240,820,987
1973 - - $30,165,081 $214,086,643
1974 - - $32,923,703 $195,202,934
1975 - - $33,237,226 $180,350,510
1976 - - $32,792,845 $199,065,159
1977 $77,507,407 $387,163,203 $49,353,162 $225,400,307
1978 $88,040,741 $404,134,550 $60,844,771 $247,438,763
1979 $109,596,296 $436,786,384 $71,096,360 $255,807,679
1980 $132,451,852 $472,436,818 $82,340,340 $262,056,345
1981 $149,388,889 $490,457,676 $102,086,539 $274,147,373
1982 $166,444,444 $490,048,111 $113,759,203 $286,420,538
1983 $184,866,667 $516,333,404 $122,255,350 $292,631,842
1984 $212,214,815 $568,819,883 $135,024,988 $311,905,567
1985 $246,370,370 $612,299,589 $145,641,705 $331,179,292
1986 $297,562,963 $682,675,280 $160,846,657 $349,724,473
1987 $346,866,667 $727,910,265 $175,580,647 $351,256,284
1988 $411,396,296 $765,857,188 $200,726,713 $400,694,533
1989 $455,174,074 $806,082,317 $214,745,002 $406,326,738
1990 $478,718,519 $830,360,010 $240,366,667 $423,185,994
1991 $504,337,037 $848,435,720 $254,829,630 $427,991,589
1992 $525,133,333 $858,265,279 $277,955,556 $455,288,638
1993 $565,662,963 $903,580,714 $286,307,407 $474,641,733
1994 $625,081,481 $963,907,436 $289,437,037 $468,719,992
1995 $616,051,852 $921,883,147 $316,007,407 $505,123,834
1996 $679,140,741 $982,773,021 $331,488,889 $511,629,384
1997 $734,422,222 $1,036,543,047 $347,770,370 $529,562,766
1998 $789,788,889 $1,085,584,792 $373,618,519 $551,222,916
1999 $835,544,444 $1,125,835,518 $390,718,519 $566,162,769
2000 $901,003,704 $1,195,677,312 $427,946,037 $575,442,358
2001 $877,774,074 $1,141,296,595 $462,072,333 $585,502,420
2002 $898,092,593 $1,153,020,391 $487,763,852 $616,780,703
2003 $948,100,000 $1,223,085,251 $509,090,889 $658,051,576
2004 $1,026,329,630 $1,293,621,842 $549,900,185 $685,128,416
2005 $1,143,896,296 $1,377,366,903 $579,948,926 $702,178,230
2006 $1,303,674,074 $1,552,404,720 $643,501,148 $751,309,123
2007 $1,487,381,481 $1,697,014,056 $713,596,667 $776,274,889
2008 $1,557,640,741 $1,696,776,362 $732,663,259 $779,416,014
2009 $1,386,518,519 $1,493,793,051 $714,300,259 $768,674,153
2010 $1,298,348,148 $1,376,672,105 $720,447,889 $734,310,821
2011 $1,287,359,259 $1,349,706,642 $713,796,370 $729,858,866
2012 $1,364,729,630 $1,395,234,173 $730,032,593 $738,391,735
2013 $1,325,496,296 $1,386,849,062 $764,781,259 $756,574,515
2014 $1,378,707,407 $1,417,336,053 $770,900,000 $765,242,794
2015 $1,437,485,185 $1,437,485,185 $786,555,556 $786,555,556
2016 $1,489,603,704 $1,496,714,858 $814,303,704 $819,195,102
2017 $1,534,855,556 $1,537,316,640 $844,040,741 $831,877,076
2018 $1,661,529,630 $1,640,501,408 $884,329,630 $858,294,259
2019 $1,726,448,148 $1,692,541,753 $910,481,481 $864,031,342
2020 $1,411,637,037 $1,373,179,832 $864,566,667 $827,146,498
2021 $1,602,125,926 $1,485,407,940 $888,677,778 $844,461,993
2022 $1,866,566,667 $1,620,696,017 $989,188,889 $870,731,796
2023 $2,005,785,185 $1,660,036,193 $1,072,237,037 $917,110,147
2024 $2,207,622,874 $1,720,733,551 $1,157,207,407 $954,361,647

Economic indicators

Antigua Saint Vincent
Gross domestic product
$2.21B
2024
$1.16B
2024
GDP rank
177/197
2024
186/197
2024
GDP growth
10.1%
2023-2024
7.92%
2023-2024
GDP per capita
$23,542
2024
$11,501
2024
GDP per capita rank
53/197
2024
81/197
2024
GDP per capita, PPP
$33,386
2024
$21,272
2024
Government debt
$1.48B
2024
$1.07B
2024
Debt-to-GDP ratio
63.4%
2026
90.1%
2026
Government debt per person
$15,787
2024
$10,661
2024
Government debt per person rank
39/185
2024
55/185
2024
Average annual personal income after taxes
$15,556
2026
$14,935
2026
Government expenditure, % of GDP
21.1%
2026
29.3%
2026
Consumer prices inflation
2.4%
2025-2026
3.63%
2023-2024
Unemployment rate
5.37%
2023
18.8%
2008
Population
94625
99240

GDP per capita in Antigua and Barbuda vs Saint Vincent

Antigua and Barbuda's GDP per capita is $23,542, ranking 53/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Saint Vincent ranks 92nd at $21,272.

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
Year Current $
Antigua Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $154.8 -
1961 - - $163 -
1962 - - $166.5 -
1963 - - $154.9 -
1964 - - $164.4 -
1965 - - $166.2 -
1966 - - $174.9 -
1967 - - $170 -
1968 - - $163.1 -
1969 - - $175.2 -
1970 - - $192.3 -
1971 - - $207 -
1972 - - $282.1 -
1973 - - $306 -
1974 - - $331 -
1975 - - $331 -
1976 - - $324 -
1977 $1,214 - $484 -
1978 $1,375 - $592 -
1979 $1,705 - $687 -
1980 $2,053 - $790 -
1981 $2,310 - $972 -
1982 $2,569 - $1,074 -
1983 $2,847 - $1,144 -
1984 $3,271 - $1,254 -
1985 $3,814 - $1,342 -
1986 $4,629 - $1,472 -
1987 $5,424 - $1,596 -
1988 $6,466 - $1,814 -
1989 $7,188 - $1,930 -
1990 $7,591 $12,996 $2,150 $3,960
1991 $7,956 $13,658 $2,271 $4,126
1992 $8,154 $13,908 $2,471 $4,477
1993 $8,625 $14,720 $2,540 $4,769
1994 $9,351 $15,736 $2,563 $4,802
1995 $9,034 $15,062 $2,795 $5,277
1996 $9,756 $16,017 $2,930 $5,440
1997 $10,336 $16,836 $3,074 $5,726
1998 $10,907 $17,496 $3,301 $6,026
1999 $11,342 $18,088 $3,447 $6,266
2000 $12,027 $19,319 $3,769 $6,503
2001 $11,539 $18,569 $4,071 $6,768
2002 $11,659 $18,813 $4,303 $7,250
2003 $12,173 $20,127 $4,500 $7,903
2004 $13,038 $21,629 $4,873 $8,472
2005 $14,369 $23,485 $5,157 $8,986
2006 $16,174 $26,949 $5,745 $9,949
2007 $18,205 $29,851 $6,398 $10,604
2008 $18,787 $29,978 $6,599 $10,902
2009 $16,472 $26,157 $6,464 $10,869
2010 $15,217 $24,071 $6,552 $10,561
2011 $14,912 $23,804 $6,528 $10,774
2012 $15,640 $23,012 $6,714 $10,989
2013 $15,052 $21,761 $7,072 $11,625
2014 $15,532 $21,671 $7,169 $12,136
2015 $16,078 $20,985 $7,354 $12,379
2016 $16,557 $21,320 $7,657 $13,493
2017 $16,966 $21,422 $7,988 $13,575
2018 $18,273 $24,524 $8,428 $14,690
2019 $18,896 $26,551 $8,741 $15,340
2020 $15,370 $22,370 $8,351 $15,337
2021 $17,349 $25,745 $8,641 $16,201
2022 $20,105 $29,934 $9,694 $18,035
2023 $21,495 $31,602 $10,582 $19,820
2024 $23,542 $33,386 $11,501 $21,272

Spending and national debt comparison

In 2024, Antigua and Barbuda's government spending was $418M, accounting for 21.1% of its GDP, while Saint Vincent's spent $453M, or 29.3% of GDP.

Debt-to-GDP ratio is 63.4% in Antigua and Barbuda and 90.1% in Saint Vincent, ranking 72/185 and 29/185, respectively.

Antigua and Barbuda
Government spending

Government debt
Saint Vincent
Government spending

Government debt
Year % of GDP
Antigua Saint Vincent
Government spending Government debt Government spending Government debt
1984 - - 23.1% -
1985 - - 21.4% -
1986 - - 22.3% -
1987 - - 23.7% -
1988 - - 24.8% -
1989 - - 27.6% -
1990 18.1% 94.1% 23.1% 53.9%
1991 20.8% 94.6% 25.5% 52.1%
1992 18.7% 90.8% 25.4% 49.6%
1993 19.4% 85.3% 22.3% 48.1%
1994 21.2% 84.5% 22.4% 52.8%
1995 21% 92.1% 19.9% 46.8%
1996 19.6% 85.5% 20.9% 40.7%
1997 16.8% 80.6% 26% 38.8%
1998 20.7% 94.6% 25.2% 39.5%
1999 20.3% 95.9% 25.2% 52.9%
2000 21.1% 96.4% 23.8% 54.3%
2001 24.2% 107.6% 24.4% 52%
2002 26.3% 114.5% 25.7% 53.2%
2003 24.2% 113% 26% 55.3%
2004 21.9% 107.7% 24.9% 58.6%
2005 21.5% 82.8% 26.7% 50.5%
2006 26% 79.1% 26.1% 44.7%
2007 23.8% 68.7% 27.1% 48.5%
2008 23.2% 66.8% 28.4% 50.3%
2009 32.1% 89.2% 31% 57.2%
2010 20% 79.4% 31.1% 61.1%
2011 21.1% 81.1% 29.4% 64%
2012 18.5% 76.9% 26.5% 68.1%
2013 20.7% 85.4% 29.4% 69.9%
2014 20.9% 91.9% 30.4% 75%
2015 24.8% 92.1% 27.6% 75.1%
2016 23.8% 83.1% 27.1% 79.4%
2017 22.6% 88.2% 26.6% 69%
2018 21.5% 84.3% 26.3% 69.4%
2019 22.1% 81.6% 29.2% 68.2%
2020 26% 100.5% 32.9% 80%
2021 23.4% 93% 37.2% 88.4%
2022 20.7% 82% 36.6% 86.3%
2023 18.8% 76.3% 38.8% 89.2%
2024 18.9% 67.1% 39.1% 92.7%
2025 21.2% 63.4% 36.4% 93.5%
2026 21.1% 63.4% 29.3% 90.1%

Government deficit by year

In 2024, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $54.5M, equivalent to 2.47% of GDP. This compares to Saint Vincent's deficit of -$144M, or -12.5% of GDP.

Over the past 35 years, Antigua and Barbuda recorded a fiscal deficit in 32 of those years, while Saint Vincent ran a deficit in 30 years. On average, Antigua and Barbuda posted an annual deficit equal to -3.6% of GDP, compared to deficit of -2.99% of GDP for Saint Vincent.

Deficit/surplus
Antigua and Barbuda

Saint Vincent
Year Deficit/surplus, % of GDP
Antigua Saint Vincent
1984 - 2.5%
1985 - 4.23%
1986 - 2.32%
1987 - 1.1%
1988 - 0.59%
1989 - -1.92%
1990 0.12% 1.69%
1991 -3.91% -0.47%
1992 -0.81% -3.25%
1993 -2.45% -1.46%
1994 -4.33% 0.12%
1995 -3.89% 1.08%
1996 -1.61% 1.57%
1997 0% -2.77%
1998 -1.62% -1.81%
1999 -3.08% -1.93%
2000 -4.5% -0.82%
2001 -8.58% -1.6%
2002 -8.83% -2%
2003 -7.32% -2.51%
2004 -3.9% -2.71%
2005 -4.29% -4.3%
2006 -6.62% -3.13%
2007 -4.98% -3.07%
2008 -4.72% -1.3%
2009 -15.8% -2.85%
2010 -0.24% -3.7%
2011 -3.09% -3.5%
2012 -0.97% -1.81%
2013 -3.83% -5.81%
2014 -2.6% -2.82%
2015 -2.42% -2.01%
2016 -0.14% 0.04%
2017 -2.72% -1.56%
2018 -2.43% -1.65%
2019 -3.64% -3.45%
2020 -6.23% -5.92%
2021 -4.52% -7.19%
2022 -2.84% -9.35%
2023 -1.7% -11.9%
2024 2.47% -12.5%
2025 -1.3% -7.74%
2026 -1% -0.63%

Inflation comparison by year

Over the past 28 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.23%, compared with 2.13% in Saint Vincent. In 2024, inflation was 2.4% in Antigua and Barbuda and 3.63% in Saint Vincent.

Inflation
Antigua and Barbuda

Saint Vincent
Year Inflation
Antigua Saint Vincent
1997 0.4% 0.44%
1998 3.3% 2.14%
1999 1.1% 1.01%
2000 -0.2% 0.17%
2001 1.9% 0.9%
2002 2.4% 1.86%
2003 2% 0.21%
2004 2% 2.96%
2005 2.1% 3.73%
2006 1.8% 2.74%
2007 1.4% 7.24%
2008 5.3% 10.1%
2009 -0.6% 0.42%
2010 3.4% 0.75%
2011 3.5% 3.19%
2012 3.4% 2.6%
2013 1.1% 0.81%
2014 1.1% 0.19%
2015 1% -1.73%
2016 -0.5% -0.15%
2017 2.4% 2.15%
2018 1.2% 2.32%
2019 1.4% 0.91%
2020 1.1% -0.63%
2021 1.6% 1.57%
2022 7.5% 5.66%
2023 5.1% 4.56%
2024 6.2% 3.63%
2025 3.5% -
2026 2.4% -

Top exports between countries

Antigua
Export category Export value
Machinery & equipment $87K
Metals $53K
Raw materials & minerals $39K
Chemicals & pharma $33K
Textiles & consumer goods $22K
Wood & paper products $19K
Miscellaneous $3K
Processed food, beverages & tobacco $1K
Raw agricultural goods $1K
Saint Vincent
Export category Export value
Raw agricultural goods $2.46M
Processed food, beverages & tobacco $589K
Metals $522K
Chemicals & pharma $66K
Wood & paper products $54K
Machinery & equipment $25K
Textiles & consumer goods $21K
Raw materials & minerals $3K

Balance of trade

Antigua Saint Vincent
Current account balance
-$181M
2024
-$157M
2024
Current account balance ranking
98/190
2024
93/190
2024
Current account balance, % of GDP
-8.22%
2024
-13.5%
2024
Goods imports
$726M
2024
$445M
2024
Goods exports
$72.1M
2024
$59.2M
2024
Service imports
$557M
2024
$196M
2024
Service exports
$1.24B
2024
$366M
2024
Imports of goods and services, % of GDP
63%
2022
n/a
Exports of goods and services, % of GDP
54.7%
2022
15.3%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua Saint Vincent
Economic freedom 56 60.1
Economic freedom ranking 123/197 95/197
Property rights n/a 69
Government integrity n/a 61.7
Judicial effectiveness n/a 77.8
Tax burden n/a 74.9
Government spending n/a 58.9
Fiscal health n/a 4.8
Business freedom n/a 69.4
Labor freedom n/a 59.7
Monetary freedom n/a 76.5
Trade freedom n/a 59
Investment freedom n/a 70
Financial freedom n/a 40

More economic indicators

Antigua Saint Vincent
Services, % of GDP
69.1%
2023
66.4%
2024
Industry, % of GDP
19%
2023
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.94%
2023
3.55%
2024
GNI, Atlas method
$1.98B
2024
$1.11B
2024
GNI per capita, PPP
$31,730
2024
$21,150
2024
Total reserves including gold
$358M
2024
$317M
2024
Total reserves ranking
164/177
2024
167/177
2024
Net foreign direct investment
-$253M
2024
-$74M
2024
Net inflows of foreign direct investment
$271M
2024
$73.8M
2024
Net outflows of foreign direct investment
$17.9M
2024
-$277K
2024
Servicing debt to the IMF, % of GNI
n/a
3.84%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.