Skip to content

Economy of Saint Vincent vs Seychelles compared: GDP & Debt

Updated on by Georank team

Saint Vincent has a GDP of $1.16B compared to $2.17B for the Seychelles, ranking 186/197 and 178/197 by economy size, respectively.

Saint Vincent has $1.07B in government debt (92.7% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

Saint Vincent vs Seychelles GDP by year

Saint Vincent
Seychelles
1x
Year GDP, current $
Saint Vincent Seychelles
2024 $1,157,207,407 $2,167,239,562
2023 $1,072,237,037 $2,187,379,755
2022 $989,188,889 $2,018,346,589
2021 $888,677,778 $1,487,173,795
2020 $864,566,667 $1,382,551,752
2019 $910,481,481 $1,868,690,097
2018 $884,329,630 $1,784,313,927
2017 $844,040,741 $1,675,370,641
2016 $814,303,704 $1,568,513,348
2015 $786,555,556 $1,432,403,352
2014 $770,900,000 $1,387,577,870
2013 $764,781,259 $1,333,160,407
2012 $730,032,593 $1,089,407,839
2011 $713,796,370 $1,058,918,707
2010 $720,447,889 $981,616,542
2009 $714,300,259 $850,901,620
2008 $732,663,259 $979,597,394
2007 $713,596,667 $1,077,308,814
2006 $643,501,148 $1,081,441,283
2005 $579,948,926 $977,899,382
2004 $549,900,185 $893,012,218
2003 $509,090,889 $750,847,230
2002 $487,763,852 $742,134,838
2001 $462,072,333 $662,064,156
2000 $427,946,037 $654,212,394
1999 $390,718,519 $662,838,615
1998 $373,618,519 $647,287,376
1997 $347,770,370 $598,966,982
1996 $331,488,889 $535,250,347
1995 $316,007,407 $540,733,048
1994 $289,437,037 $517,570,058
1993 $286,307,407 $504,230,621
1992 $277,955,556 $461,409,399
1991 $254,829,630 $398,307,170
1990 $240,366,667 $392,163,561
1989 $214,745,002 $324,333,367
1988 $200,726,713 $301,985,618
1987 $175,580,647 $265,212,957
1986 $160,846,657 $221,147,061
1985 $145,641,705 $179,691,483
1984 $135,024,988 $160,992,921
1983 $122,255,350 $156,098,237
1982 $113,759,203 $157,211,790
1981 $102,086,539 $163,750,728
1980 $82,340,340 $156,783,830
1979 $71,096,360 $127,261,099
1978 $60,844,771 $85,552,366
1977 $49,353,162 $64,526,401
1976 $32,792,845 $49,278,982
1975 $33,237,226 $47,803,146
1974 $32,923,703 $43,134,496
1973 $30,165,081 $36,896,280
1972 $27,585,805 $30,645,123
1971 $20,051,922 $21,965,951
1970 $18,450,000 $18,432,032
1969 $16,650,000 $16,452,028
1968 $15,350,000 $16,074,028
1967 $15,835,106 $16,632,032
1966 $16,099,960 $16,443,034
1965 $15,108,296 $15,603,032
1964 $14,758,296 $15,393,032
1963 $13,708,299 $13,923,029
1962 $14,524,964 $12,642,026
1961 $13,999,965 $11,592,024
1960 $13,066,634 $12,012,025

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

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

GDP per capita in Saint Vincent vs Seychelles by year

Saint Vincent
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Vincent Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,501 $21,272 $17,859 $33,239
2023 $10,582 $19,820 $18,263 $31,781
2022 $9,694 $18,035 $16,837 $29,973
2021 $8,641 $16,201 $14,983 $29,980
2020 $8,351 $15,337 $14,041 $31,056
2019 $8,741 $15,340 $19,142 $34,219
2018 $8,428 $14,690 $18,440 $32,091
2017 $7,988 $13,575 $17,480 $30,675
2016 $7,657 $13,493 $16,567 $28,811
2015 $7,354 $12,379 $15,333 $25,435
2014 $7,169 $12,136 $15,188 $24,985
2013 $7,072 $11,625 $14,821 $22,487
2012 $6,714 $10,989 $12,337 $22,264
2011 $6,528 $10,774 $12,110 $21,781
2010 $6,552 $10,561 $10,935 $18,982
2009 $6,464 $10,869 $9,747 $18,453
2008 $6,599 $10,902 $11,265 $18,881
2007 $6,398 $10,604 $12,669 $19,473
2006 $5,745 $9,949 $12,783 $17,503
2005 $5,157 $8,986 $11,802 $15,846
2004 $4,873 $8,472 $10,828 $14,160
2003 $4,500 $7,903 $9,070 $14,142
2002 $4,303 $7,250 $8,864 $14,570
2001 $4,071 $6,768 $8,153 $14,615
2000 $3,769 $6,503 $8,064 $14,638
1999 $3,447 $6,266 $8,243 $13,853
1998 $3,301 $6,026 $8,210 $13,675
1997 $3,074 $5,726 $7,747 $13,458
1996 $2,930 $5,440 $7,004 $11,931
1995 $2,795 $5,277 $7,181 $10,809
1994 $2,563 $4,802 $6,975 $10,692
1993 $2,540 $4,769 $6,979 $11,020
1992 $2,471 $4,477 $6,520 $10,243
1991 $2,271 $4,126 $5,655 $9,387
1990 $2,150 $3,960 $5,642 $8,955
1989 $1,930 - $4,689 -
1988 $1,814 - $4,392 -
1987 $1,596 - $3,872 -
1986 $1,472 - $3,368 -
1985 $1,342 - $2,754 -
1984 $1,254 - $2,488 -
1983 $1,144 - $2,426 -
1982 $1,074 - $2,441 -
1981 $972 - $2,557 -
1980 $790 - $2,478 -
1979 $687 - $2,030 -
1978 $592 - $1,377 -
1977 $484 - $1,044 -
1976 $324 - $814 -
1975 $331 - $806 -
1974 $331 - $745 -
1973 $306 - $649 -
1972 $282.1 - $547 -
1971 $207 - $402 -
1970 $192.3 - $344 -
1969 $175.2 - $314 -
1968 $163.1 - $314 -
1967 $170 - $333 -
1966 $174.9 - $338 -
1965 $166.2 - $328 -
1964 $164.4 - $332 -
1963 $154.9 - $308 -
1962 $166.5 - $287 -
1961 $163 - $270.3 -
1960 $154.8 - $288.1 -

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

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

Saint Vincent's GDP per capita is $11,501, ranking 81/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Saint Vincent ranks 92nd at $21,272, while the Seychelles ranks 67th at $33,239.

Economic indicators

Saint Vincent Seychelles
Gross domestic product
$1.16B
2024
$2.17B
2024
GDP rank
186/197
2024
178/197
2024
GDP growth
4.06%
2023-2024
3.47%
2023-2024
GDP per capita
$11,501
2024
$17,859
2024
GDP per capita rank
81/197
2024
63/197
2024
GDP per capita, PPP
$21,272
2024
$33,239
2024
GDP per capita PPP rank
92/197
2024
67/197
2024
Government debt
$1.07B
2024
$1.25B
2024
Debt-to-GDP ratio
92.7%
2024
57.6%
2024
Government debt per person
$10,659
2024
$10,288
2024
Government debt per person rank
56/185
2024
57/185
2024
Average annual personal income after taxes
$12,573
2026
$10,944
2026
Market capitalization of domestic companies n/a
$811M
2024
Income share by richest 10% n/a
23.9%
2018
Income share by poorest 10% n/a
2.6%
2018
Government expenditure, % of GDP
39.1%
2024
33.8%
2024
Consumer prices inflation
3.63%
2023-2024
0.31%
2023-2024
Central bank interest rate n/a
1.75%
2024
Unemployment rate
18.8%
2008
2.59%
2024
Population
99237
126311

Spending and national debt comparison by year

Saint Vincent
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Saint Vincent Seychelles
Government spending Government debt Government spending Government debt
2024 39.1% 92.7% 33.8% 57.6%
2023 38.9% 89.4% 32.9% 55.3%
2022 36.6% 86.3% 31.3% 60%
2021 37.2% 88.4% 38.8% 71%
2020 32.9% 80.2% 46.7% 77.4%
2019 29.2% 68.2% 31.7% 48.9%
2018 26.3% 69.4% 33% 51.3%
2017 26.6% 69% 34.3% 56.7%
2016 27.1% 79.4% 34.5% 62.8%
2015 27.6% 75.1% 31.5% 64.7%
2014 30.4% 75% 33.4% 70.4%
2013 29.4% 69.9% 37.8% 68.2%
2012 26.5% 68.1% 38.6% 80.1%
2011 29.4% 64% 36.4% 82.5%
2010 31.1% 61.1% 34.6% 82.2%
2009 31% 57.2% 32.1% 106.1%
2008 28.4% 50.3% 27% 192.1%
2007 27.1% 48.5% 41.9% 144%
2006 26.1% 44.7% 43.6% 135.1%
2005 26.7% 50.5% 39% 144.1%
2004 24.9% 58.6% 39.9% 163.2%
2003 26% 55.3% 44.6% 177%
2002 25.7% 53.2% 56.3% 195.9%
2001 24.4% 52% 46.8% 199.8%
2000 23.8% 54.3% 55.4% 177.8%
1999 25.2% 52.9% 56.1% 159.8%
1998 25.2% 39.5% 60.7% 161.2%
1997 26% 38.8% 54.7% 143%
1996 20.9% 40.7% 59.1% 146.7%
1995 19.9% 46.8% 53.1% 133.5%
1994 22.4% 52.8% 63.6% 123.5%
1993 22.3% 48.1% 60.4% 82.2%
1992 25.4% 49.6% 50.7% 79.9%
1991 25.5% 52.1% 52.1% 89.2%
1990 23.1% 53.9% 46.1% 80.4%
1989 27.6% - 51.7% 39.9%
1988 24.8% - 46.7% 41.3%
1987 23.7% - 49.7% 37%
1986 22.3% - 58% 31.5%
1985 21.4% - 53% 26.5%
1984 23.1% - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2024, Saint Vincent's government spending was $453M, accounting for 39.1% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 92.7% in Saint Vincent and 57.6% in the Seychelles, ranking 29/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Saint Vincent

Seychelles
1x
Year Deficit/surplus, % of GDP
Saint Vincent Seychelles
2024 -12.9% -0.69%
2023 -12% -1.14%
2022 -9.35% -0.76%
2021 -7.19% -5.76%
2020 -5.92% -15.7%
2019 -3.45% 0.42%
2018 -1.65% -0.8%
2017 -1.56% -1.67%
2016 0.04% 0.02%
2015 -2.01% 1.39%
2014 -2.82% 2.87%
2013 -5.81% 0.33%
2012 -1.81% 2.93%
2011 -3.5% 3.36%
2010 -3.7% 0.52%
2009 -2.85% 4.84%
2008 -1.3% 7.88%
2007 -3.07% -9.93%
2006 -3.13% -2.54%
2005 -4.3% 0.42%
2004 -2.71% 0.44%
2003 -2.51% 3.4%
2002 -2% -16.3%
2001 -1.6% -8.93%
2000 -0.82% -14.7%
1999 -1.93% -10.3%
1998 -1.81% -16.7%
1997 -2.77% -5.91%
1996 1.57% -9.69%
1995 1.08% -2.58%
1994 0.12% -6.95%
1993 -1.46% -3.62%
1992 -3.25% 6.44%
1991 -0.47% 3.15%
1990 1.69% 11.9%
1989 -1.92% 8.26%
1988 0.59% 11.8%
1987 1.1% 2.77%
1986 2.32% -10.1%
1985 4.23% -4.86%
1984 2.5% -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2024, Saint Vincent's government deficit, the difference between spending and revenue, was $149M, equivalent to 12.9% of GDP. This compares to the Seychelles' deficit of $15M, or 0.69% of GDP.

Over the past 41 years, Saint Vincent recorded a fiscal deficit in 31 of those years, while the Seychelles ran a deficit in 22 years. On average, Saint Vincent posted an annual deficit equal to 2.35% of GDP, compared to deficit of 2.01% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Saint Vincent

Seychelles
1x
Year Consumer prices inflation
Saint Vincent Seychelles
2024 3.63% 0.31%
2023 4.56% -1.04%
2022 5.66% 2.63%
2021 1.57% 9.77%
2020 -0.63% 1.2%
2019 0.91% 1.81%
2018 2.32% 3.7%
2017 2.15% 2.86%
2016 -0.15% -1.02%
2015 -1.73% 4.04%
2014 0.19% 1.39%
2013 0.81% 4.34%
2012 2.6% 7.11%
2011 3.19% 2.56%
2010 0.75% -2.4%
2009 0.42% 31.8%
2008 10.1% 37%
2007 7.24% 5.32%
2006 2.74% -0.35%
2005 3.73% 0.91%
2004 2.96% 3.86%
2003 0.21% 3.3%
2002 1.86% 0.18%
2001 0.9% 5.97%
2000 0.17% 6.27%
1999 1.01% 6.35%
1998 2.14% 2.58%
1997 0.44% 0.62%

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

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

Over the past 28 years, Saint Vincent has recorded an average annual inflation rate of 2.13%, compared with 5.03% in the Seychelles. In 2024, inflation was 3.63% in Saint Vincent and 0.31% in the Seychelles.

Balance of trade

Saint Vincent Seychelles
Current account balance
-$157M
2024
-$176M
2024
Current account balance ranking
93/190
2024
97/190
2024
Current account balance, % of GDP
-13.5%
2024
-8.11%
2024
Goods imports
$445M
2024
$1.39B
2024
Goods exports
$59.2M
2024
$595M
2024
Service imports
$196M
2024
$1B
2024
Service exports
$366M
2024
$1.71B
2024
Imports of goods and services, % of GDP n/a
103.2%
2024
Exports of goods and services, % of GDP
15.3%
2025
85.2%
2024

Economic freedom indices

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

Saint Vincent Seychelles
Economic freedom 60 66.5
Economic freedom ranking 98/197 60/197
Property rights 65.2 82.6
Government integrity 63.3 71.7
Judicial effectiveness 76.9 61.7
Tax burden 82 77.3
Government spending 56.2 68
Fiscal health 2.8 92.2
Business freedom 67.3 71.3
Labor freedom 60.1 52
Monetary freedom 77.3 79.8
Trade freedom 58.8 81.2
Investment freedom 70 30
Financial freedom 40 30

Economic freedom comparison by year

Saint Vincent
Seychelles
1x
Year Economic freedom index
Saint Vincent Seychelles
2026 60 66.5
2025 60.1 66.4
2024 59.8 60.4
2023 63.5 59.5
2022 65.7 61.1
2021 66.3 66.3
2020 66.8 64.3
2019 65.8 61.4
2018 67.7 61.6
2017 65.2 61.8
2016 68.8 62.2
2015 68 57.5
2014 67 56.2
2013 66.7 54.9
2012 66.5 53
2011 66.9 51.2
2010 66.9 47.9
2009 64.3 47.8

Data sources: The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Saint Vincent is 60, ranking 98/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saint Vincent Seychelles
Services, % of GDP
66.4%
2024
65.8%
2024
Industry, % of GDP
15.4%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
3.55%
2024
2.45%
2024
GNI, Atlas method
$1.11B
2024
$2.12B
2024
GNI per capita, PPP
$21,150
2024
$32,180
2024
Total reserves including gold
$317M
2024
$774M
2024
Total reserves ranking
167/177
2024
145/177
2024
Net foreign direct investment
-$74M
2024
-$262M
2024
Net inflows of foreign direct investment
$139M
2024
$226M
2024
Net outflows of foreign direct investment
-$1.92M
2024
-$35.4M
2024
Servicing debt to the IMF, % of GNI
3.84%
2024
n/a
Poverty at national poverty lines n/a
25.3%
2018
Gross capital formation, % of GDP n/a
17.2%
2024

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/saint-vincent/seychelles | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.