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Economy of Ireland vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Ireland has a GDP of $609B compared to $1.16B for Saint Vincent, ranking 25/197 and 186/197 by economy size, respectively.

Ireland has $236B in government debt (38.8% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Ireland vs Saint Vincent GDP by year

Ireland
Saint Vincent
1x
Year GDP, current $
Ireland Saint Vincent
2024 $609,157,459,747 $1,157,207,407
2023 $567,372,737,459 $1,072,237,037
2022 $548,341,794,599 $989,188,889
2021 $530,394,123,830 $888,677,778
2020 $436,009,027,819 $864,566,667
2019 $407,211,793,801 $910,481,481
2018 $395,780,319,817 $884,329,630
2017 $348,355,212,569 $844,040,741
2016 $305,431,252,709 $814,303,704
2015 $302,101,388,556 $786,555,556
2014 $266,490,442,124 $770,900,000
2013 $242,924,245,719 $764,781,259
2012 $226,921,827,888 $730,032,593
2011 $240,975,871,047 $713,796,370
2010 $221,732,824,603 $720,447,889
2009 $236,443,115,854 $714,300,259
2008 $275,447,471,451 $732,663,259
2007 $270,079,279,420 $713,596,667
2006 $232,180,617,162 $643,501,148
2005 $211,876,989,656 $579,948,926
2004 $194,372,115,041 $549,900,185
2003 $164,670,771,260 $509,090,889
2002 $128,596,035,288 $487,763,852
2001 $109,346,669,230 $462,072,333
2000 $100,207,610,430 $427,946,037
1999 $98,893,958,263 $390,718,519
1998 $90,199,410,116 $373,618,519
1997 $82,856,648,758 $347,770,370
1996 $75,790,786,290 $331,488,889
1995 $69,139,823,232 $316,007,407
1994 $57,097,656,066 $289,437,037
1993 $52,417,477,614 $286,307,407
1992 $55,918,538,121 $277,955,556
1991 $49,787,501,584 $254,829,630
1990 $49,305,632,408 $240,366,667
1989 $39,238,392,678 $214,745,002
1988 $37,772,896,221 $200,726,713
1987 $33,920,518,493 $175,580,647
1986 $28,714,571,852 $160,846,657
1985 $21,270,013,326 $145,641,705
1984 $20,106,648,455 $135,024,988
1983 $20,766,047,764 $122,255,350
1982 $21,474,752,962 $113,759,203
1981 $20,670,190,138 $102,086,539
1980 $21,747,855,640 $82,340,340
1979 $18,319,334,300 $71,096,360
1978 $14,647,996,074 $60,844,771
1977 $11,248,340,431 $49,353,162
1976 $9,453,756,015 $32,792,845
1975 $9,483,808,362 $33,237,226
1974 $7,896,860,615 $32,923,703
1973 $7,481,173,066 $30,165,081
1972 $6,318,060,582 $27,585,805
1971 $5,098,250,287 $20,051,922
1970 $4,395,995,086 $18,450,000
1969 $3,902,721,632 $16,650,000
1968 $3,378,701,147 $15,350,000
1967 $3,445,739,915 $15,835,106
1966 $3,198,820,904 $16,099,960
1965 $3,035,655,794 $15,108,296
1964 $2,851,091,646 $14,758,296
1963 $2,505,073,358 $13,708,299
1962 $2,329,372,972 $14,524,964
1961 $2,151,772,980 $13,999,965
1960 $1,998,550,222 $13,066,634

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/ireland/saint-vincent | CC BY

GDP per capita in Ireland vs Saint Vincent by year

Ireland
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ireland Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $112,895 $133,437 $11,501 $21,272
2023 $106,819 $129,683 $10,582 $19,820
2022 $105,191 $138,523 $9,694 $18,035
2021 $103,783 $116,904 $8,641 $16,201
2020 $86,514 $97,800 $8,351 $15,337
2019 $81,828 $92,023 $8,741 $15,340
2018 $80,804 $86,299 $8,428 $14,690
2017 $72,161 $80,450 $7,988 $13,575
2016 $64,130 $73,013 $7,657 $13,493
2015 $64,250 $71,588 $7,354 $12,379
2014 $57,215 $52,641 $7,169 $12,136
2013 $52,538 $48,839 $7,072 $11,625
2012 $49,336 $46,726 $6,714 $10,989
2011 $52,614 $45,526 $6,528 $10,774
2010 $48,624 $43,212 $6,552 $10,561
2009 $52,133 $41,491 $6,464 $10,869
2008 $61,353 $44,169 $6,599 $10,902
2007 $61,396 $46,782 $6,398 $10,604
2006 $54,329 $44,223 $5,745 $9,949
2005 $50,933 $40,466 $5,157 $8,986
2004 $47,754 $38,729 $4,873 $8,472
2003 $41,204 $36,280 $4,500 $7,903
2002 $32,705 $35,222 $4,303 $7,250
2001 $28,282 $32,573 $4,071 $6,768
2000 $26,335 $30,216 $3,769 $6,503
1999 $26,338 $27,041 $3,447 $6,266
1998 $24,295 $25,094 $3,301 $6,026
1997 $22,551 $22,637 $3,074 $5,726
1996 $20,836 $20,482 $2,930 $5,440
1995 $19,158 $18,944 $2,795 $5,277
1994 $15,903 $17,011 $2,563 $4,802
1993 $14,657 $15,811 $2,540 $4,769
1992 $15,714 $15,116 $2,471 $4,477
1991 $14,087 $14,399 $2,271 $4,126
1990 $14,031 $13,743 $2,150 $3,960
1989 $11,176 - $1,930 -
1988 $10,716 - $1,814 -
1987 $9,582 - $1,596 -
1986 $8,112 - $1,472 -
1985 $6,012 - $1,342 -
1984 $5,692 - $1,254 -
1983 $5,915 - $1,144 -
1982 $6,161 - $1,074 -
1981 $5,986 - $972 -
1980 $6,372 - $790 -
1979 $5,430 - $687 -
1978 $4,400 - $592 -
1977 $3,427 - $484 -
1976 $2,920 - $324 -
1975 $2,973 - $331 -
1974 $2,517 - $331 -
1973 $2,424 - $306 -
1972 $2,080 - $282.1 -
1971 $1,704 - $207 -
1970 $1,487 - $192.3 -
1969 $1,331 - $175.2 -
1968 $1,159 - $163.1 -
1967 $1,187 - $170 -
1966 $1,107 - $174.9 -
1965 $1,055 - $166.2 -
1964 $995 - $164.4 -
1963 $878 - $154.9 -
1962 $821 - $166.5 -
1961 $762 - $163 -
1960 $707 - $154.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/ireland/saint-vincent | CC BY

Ireland's GDP per capita is $112,895, ranking 4/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Ireland ranks 4th at $133,437, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Ireland Saint Vincent
Gross domestic product
$609B
2024
$1.16B
2024
GDP rank
25/197
2024
186/197
2024
GDP growth
2.6%
2023-2024
4.06%
2023-2024
GDP per capita
$112,895
2024
$11,501
2024
GDP per capita rank
4/197
2024
81/197
2024
GDP per capita, PPP
$133,437
2024
$21,272
2024
GDP per capita PPP rank
4/197
2024
92/197
2024
Government debt
$236B
2024
$1.07B
2024
Debt-to-GDP ratio
38.8%
2024
92.7%
2024
Government debt per person
$43,766
2024
$10,659
2024
Government debt per person rank
11/185
2024
56/185
2024
Average annual personal income after taxes
$47,851
2026
$12,573
2026
Market capitalization of domestic companies
$110B
2018
n/a
Number of billionaires
11
2025
n/a
Income share by richest 10%
24.1%
2023
n/a
Income share by poorest 10%
3.7%
2023
n/a
Government expenditure, % of GDP
22.3%
2024
39.1%
2024
Consumer prices inflation
2.11%
2023-2024
3.63%
2023-2024
Unemployment rate
4.27%
2024
18.8%
2008
Population
5518360
99237

Spending and national debt comparison by year

Ireland
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Ireland Saint Vincent
Government spending Government debt Government spending Government debt
2024 22.3% 38.8% 39.1% 92.7%
2023 22.1% 42.1% 38.9% 89.4%
2022 20.6% 43.2% 36.6% 86.3%
2021 23.6% 52.7% 37.2% 88.4%
2020 26.7% 57.1% 32.9% 80.2%
2019 23.9% 55.9% 29.2% 68.2%
2018 24.7% 61.4% 26.3% 69.4%
2017 25.3% 65.3% 26.6% 69%
2016 27.5% 72.7% 27.1% 79.4%
2015 28.1% 74% 27.6% 75.1%
2014 36.6% 101.4% 30.4% 75%
2013 39.8% 117.7% 29.4% 69.9%
2012 42.3% 118.9% 26.5% 68.1%
2011 46.9% 109.6% 29.4% 64%
2010 64.9% 86.2% 31.1% 61.1%
2009 46.9% 61.8% 31% 57.2%
2008 41.6% 42.5% 28.4% 50.3%
2007 35.6% 23.9% 27.1% 48.5%
2006 33.6% 23.7% 26.1% 44.7%
2005 33% 26.1% 26.7% 50.5%
2004 32.8% 28.1% 24.9% 58.6%
2003 32.7% 29.8% 26% 55.3%
2002 32.9% 30.9% 25.7% 53.2%
2001 32.2% 33.6% 24.4% 52%
2000 30.6% 36.4% 23.8% 54.3%
1999 32.5% 46.6% 25.2% 52.9%
1998 34.2% 51.4% 25.2% 39.5%
1997 36.1% 61.6% 26% 38.8%
1996 38.5% 69.8% 20.9% 40.7%
1995 40.3% 78.5% 19.9% 46.8%
1994 44.2% 88% 22.4% 52.8%
1993 44.6% 93.4% 22.3% 48.1%
1992 46.8% 90.6% 25.4% 49.6%
1991 46.1% 93.8% 25.5% 52.1%
1990 44.6% 92.7% 23.1% 53.9%
1989 42.5% 97.9% 27.6% -
1988 48.2% 106.5% 24.8% -
1987 51.4% 108.3% 23.7% -
1986 52.9% 107.2% 22.3% -
1985 53.2% 93% 21.4% -
1984 52.7% 90.2% 23.1% -
1983 55.6% 86.1% - -
1982 56.7% 73.5% - -
1981 54.1% 68.8% - -
1980 53.7% 64.6% - -
1979 48.7% 63.5% - -
1978 46.2% 50.6% - -
1977 44.6% 49.2% - -
1976 47.8% 51.7% - -
1975 48.2% 48.3% - -
1974 44.3% 43.5% - -
1973 40.3% 35.1% - -
1972 41.5% 37.3% - -
1971 45.3% 39.8% - -
1970 44.1% 41.7% - -
1969 42.5% 42.6% - -
1968 40% 44.7% - -
1967 39.3% 47.1% - -
1966 36.9% 47.7% - -
1965 35.8% 44.6% - -
1964 34.8% 43.1% - -
1963 33.6% 45.2% - -
1962 31.7% 44.5% - -
1961 31.4% 44.3% - -
1960 29.1% 44.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/ireland/saint-vincent | CC BY

In 2024, Ireland's government spending was $136B, accounting for 22.3% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 38.8% in Ireland and 92.7% in Saint Vincent, ranking 138/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Ireland

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Ireland Saint Vincent
2024 4.09% -12.9%
2023 1.52% -12%
2022 1.67% -9.35%
2021 -1.37% -7.19%
2020 -4.87% -5.92%
2019 0.41% -3.45%
2018 0.09% -1.65%
2017 -0.3% -1.56%
2016 -0.76% 0.04%
2015 -1.97% -2.01%
2014 -3.52% -2.82%
2013 -6.28% -5.81%
2012 -8.42% -1.81%
2011 -13.5% -3.5%
2010 -32.1% -3.7%
2009 -13.9% -2.85%
2008 -7.03% -1.3%
2007 0.27% -3.07%
2006 2.78% -3.13%
2005 1.57% -4.3%
2004 1.3% -2.71%
2003 0.35% -2.51%
2002 -0.52% -2%
2001 0.96% -1.6%
2000 4.86% -0.82%
1999 3.54% -1.93%
1998 2.07% -1.81%
1997 1.37% -2.77%
1996 -0.2% 1.57%
1995 -2.07% 1.08%
1994 -1.82% 0.12%
1993 -2.62% -1.46%
1992 -2.84% -3.25%
1991 -2.8% -0.47%
1990 -2.69% 1.69%
1989 -2.64% -1.92%
1988 -4.62% 0.59%
1987 -8.47% 1.1%
1986 -10.5% 2.32%
1985 -10.7% 4.23%
1984 -9.43% 2.5%
1983 -11.5% -
1982 -13.1% -
1981 -12.1% -
1980 -11.1% -
1979 -10% -
1978 -8.27% -
1977 -6.44% -
1976 -7.34% -
1975 -11.1% -
1974 -6.96% -
1973 -3.84% -
1972 -3.23% -
1971 -3.5% -
1970 -3.64% -
1969 -3.4% -
1968 -2.72% -
1967 -2.69% -
1966 -2.26% -
1965 -3.5% -
1964 -3.35% -
1963 -2.92% -
1962 -2.91% -
1961 -2.6% -
1960 -1.97% -
1959 -2.16% -
1958 -4.3% -
1957 -5.19% -
1956 -3.23% -
1955 -5.06% -
1954 -5.28% -
1953 -5.77% -
1952 -7.84% -
1951 -4.62% -
1950 -5.21% -
1949 -2.17% -
1948 -1.29% -
1947 -1.8% -
1946 -0.43% -
1945 -0.43% -
1944 0.39% -
1943 -1.18% -
1942 -2.48% -
1941 -1.42% -
1940 -0.15% -
1939 -7.31% -
1938 -0.92% -
1937 -0.77% -
1936 -0.19% -
1935 - -
1934 - -
1933 2.97% -
1932 - -
1931 -1.63% -
1930 - -
1929 -3.41% -
1928 - -
1927 - -
1926 -1.95% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1926–1989, retrieved 2026-02-20).

GeoRank.org/economy/ireland/saint-vincent | CC BY

In 2024, Ireland's government surplus, the difference between spending and revenue, was $24.9B, equivalent to 4.09% of GDP. This compares to Saint Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 41 years, Ireland recorded a fiscal deficit in 26 of those years, while Saint Vincent ran a deficit in 31 years. On average, Ireland posted an annual deficit equal to 3.15% of GDP, compared to deficit of 2.35% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Ireland

Saint Vincent
1x
Year Consumer prices inflation
Ireland Saint Vincent
2024 2.11% 3.63%
2023 6.3% 4.56%
2022 7.83% 5.66%
2021 2.34% 1.57%
2020 -0.33% -0.63%
2019 0.94% 0.91%
2018 0.47% 2.32%
2017 0.36% 2.15%
2016 0.02% -0.15%
2015 -0.33% -1.73%
2014 0.19% 0.19%
2013 0.52% 0.81%
2012 1.69% 2.6%
2011 2.55% 3.19%
2010 -0.92% 0.75%
2009 -4.45% 0.42%
2008 4.04% 10.1%
2007 4.89% 7.24%
2006 3.94% 2.74%
2005 2.46% 3.73%
2004 2.18% 2.96%
2003 3.49% 0.21%
2002 4.63% 1.86%
2001 4.85% 0.9%
2000 5.58% 0.17%
1999 1.63% 1.01%
1998 2.41% 2.14%
1997 1.54% 0.44%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/ireland/saint-vincent | CC BY

Over the past 28 years, Ireland has recorded an average annual inflation rate of 2.18%, compared with 2.13% in Saint Vincent. In 2024, inflation was 2.11% in Ireland and 3.63% in Saint Vincent.

Top exports between countries

Ireland
Export category Export value
Chemicals & pharma $355K
Raw materials & minerals $244K
Metals $158K
Processed food, beverages & tobacco $154K
Precious metals & jewellery $119K
Machinery & equipment $106K
Animal & marine products $95K
Wood & paper products $68K
Textiles & consumer goods $17K
Saint Vincent
Export category Export value

Balance of trade

Ireland Saint Vincent
Current account balance
$106B
2024
-$157M
2024
Current account balance ranking
6/190
2024
93/190
2024
Current account balance, % of GDP
+17.4%
2024
-13.5%
2024
Goods imports
$165B
2024
$445M
2024
Goods exports
$356B
2024
$59.2M
2024
Service imports
$467B
2024
$196M
2024
Service exports
$526B
2024
$366M
2024
Imports of goods and services, % of GDP
102.2%
2024
n/a
Exports of goods and services, % of GDP
144%
2024
15.3%
2025

Economic freedom indices

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

Ireland Saint Vincent
Economic freedom 83.3 60
Economic freedom ranking 3/197 98/197
Property rights 94.4 65.2
Government integrity 84 63.3
Judicial effectiveness 95.4 76.9
Tax burden 77.7 82
Government spending 85.9 56.2
Fiscal health 97 2.8
Business freedom 85.5 67.3
Labor freedom 61.3 60.1
Monetary freedom 79.3 77.3
Trade freedom 79.4 58.8
Investment freedom 90 70
Financial freedom 70 40

Economic freedom comparison by year

Ireland
Saint Vincent
1x
Year Economic freedom index
Ireland Saint Vincent
2026 83.3 60
2025 83.1 60.1
2024 82.6 59.8
2023 82 63.5
2022 82 65.7
2021 81.4 66.3
2020 80.9 66.8
2019 80.5 65.8
2018 80.4 67.7
2017 76.7 65.2
2016 77.3 68.8
2015 76.6 68
2014 76.2 67
2013 75.7 66.7
2012 76.9 66.5
2011 78.7 66.9
2010 81.3 66.9
2009 82.2 64.3
2008 82.5 -
2007 82.6 -
2006 82.2 -
2005 80.8 -
2004 80.3 -
2003 80.9 -
2002 80.5 -
2001 81.2 -
2000 76.1 -
1999 74.6 -
1998 73.7 -
1997 72.6 -
1996 68.5 -
1995 68.5 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/ireland/saint-vincent | CC BY

The Economic Freedom Index for Ireland is 83.3, ranking 3/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ireland Saint Vincent
Services, % of GDP
60.6%
2024
66.4%
2024
Industry, % of GDP
33.6%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.02%
2024
3.55%
2024
GNI, Atlas method
$435B
2024
$1.11B
2024
GNI per capita, PPP
$101,180
2024
$21,150
2024
Total reserves including gold
$12.7B
2024
$317M
2024
Total reserves ranking
73/177
2024
167/177
2024
Net foreign direct investment
$62.3B
2024
-$74M
2024
Net inflows of foreign direct investment
$4.82B
2024
$139M
2024
Net outflows of foreign direct investment
$67.1B
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI n/a
3.84%
2024
Poverty at national poverty lines
14%
2021
n/a
Gross capital formation, % of GDP
18.2%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/ireland/saint-vincent | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1926–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.