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Economy of Saint Vincent vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Saint Vincent has a GDP of $1.16B compared to $99B for Sri Lanka, ranking 186/197 and 72/197 by economy size, respectively.

Saint Vincent has $1.07B in government debt (92.7% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Saint Vincent vs Sri Lanka GDP by year

Saint Vincent
Sri Lanka
1x
Year GDP, current $
Saint Vincent Sri Lanka
2024 $1,157,207,407 $98,963,185,510
2023 $1,072,237,037 $83,716,142,582
2022 $989,188,889 $74,143,020,263
2021 $888,677,778 $88,556,698,938
2020 $864,566,667 $84,335,574,582
2019 $910,481,481 $88,998,706,297
2018 $884,329,630 $94,450,015,983
2017 $844,040,741 $94,369,350,286
2016 $814,303,704 $88,000,211,172
2015 $786,555,556 $85,090,301,052
2014 $770,900,000 $82,531,125,191
2013 $764,781,259 $76,976,203,829
2012 $730,032,593 $70,447,217,164
2011 $713,796,370 $67,753,285,897
2010 $720,447,889 $58,636,049,434
2009 $714,300,259 $42,066,224,093
2008 $732,663,259 $40,713,826,215
2007 $713,596,667 $32,350,238,760
2006 $643,501,148 $28,267,410,543
2005 $579,948,926 $24,405,791,045
2004 $549,900,185 $20,662,525,941
2003 $509,090,889 $18,881,765,437
2002 $487,763,852 $16,536,535,647
2001 $462,072,333 $15,749,753,805
2000 $427,946,037 $16,595,882,819
1999 $390,718,519 $15,711,933,513
1998 $373,618,519 $15,760,736,956
1997 $347,770,370 $15,091,913,884
1996 $331,488,889 $13,897,738,375
1995 $316,007,407 $13,029,697,561
1994 $289,437,037 $11,717,604,209
1993 $286,307,407 $10,338,679,636
1992 $277,955,556 $9,703,011,636
1991 $254,829,630 $9,000,362,582
1990 $240,366,667 $8,032,551,173
1989 $214,745,002 $6,987,267,684
1988 $200,726,713 $6,978,371,581
1987 $175,580,647 $6,682,167,120
1986 $160,846,657 $6,405,210,564
1985 $145,641,705 $5,978,460,972
1984 $135,024,988 $6,043,474,843
1983 $122,255,350 $5,167,913,302
1982 $113,759,203 $4,768,765,017
1981 $102,086,539 $4,415,844,156
1980 $82,340,340 $4,024,621,900
1979 $71,096,360 $3,364,611,432
1978 $60,844,771 $2,733,183,857
1977 $49,353,162 $4,104,509,583
1976 $32,792,845 $3,591,319,857
1975 $33,237,226 $3,791,298,146
1974 $32,923,703 $3,574,586,466
1973 $30,165,081 $2,875,625,000
1972 $27,585,805 $2,553,936,348
1971 $20,051,922 $2,369,308,600
1970 $18,450,000 $2,296,470,588
1969 $16,650,000 $1,965,546,218
1968 $15,350,000 $1,801,344,538
1967 $15,835,106 $1,859,465,021
1966 $16,099,960 $1,751,470,588
1965 $15,108,296 $1,698,319,328
1964 $14,758,296 $1,309,747,899
1963 $13,708,299 $1,240,672,269
1962 $14,524,964 $1,434,156,379
1961 $13,999,965 $1,444,327,731
1960 $13,066,634 $1,409,873,950

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

GeoRank.org/economy/saint-vincent/sri-lanka | CC BY

GDP per capita in Saint Vincent vs Sri Lanka by year

Saint Vincent
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Vincent Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,501 $21,272 $4,516 $15,633
2023 $10,582 $19,820 $3,799 $14,456
2022 $9,694 $18,035 $3,343 $14,194
2021 $8,641 $16,201 $3,997 $14,316
2020 $8,351 $15,337 $3,848 $12,941
2019 $8,741 $15,340 $4,082 $14,113
2018 $8,428 $14,690 $4,359 $14,178
2017 $7,988 $13,575 $4,399 $13,610
2016 $7,657 $13,493 $4,149 $13,079
2015 $7,354 $12,379 $4,058 $12,227
2014 $7,169 $12,136 $3,972 $11,721
2013 $7,072 $11,625 $3,739 $11,253
2012 $6,714 $10,989 $3,328 $10,249
2011 $6,528 $10,774 $3,225 $9,076
2010 $6,552 $10,561 $2,808 $8,234
2009 $6,464 $10,869 $2,027 $7,576
2008 $6,599 $10,902 $1,974 $7,317
2007 $6,398 $10,604 $1,579 $6,820
2006 $5,745 $9,949 $1,389 $6,261
2005 $5,157 $8,986 $1,207 $5,679
2004 $4,873 $8,472 $1,029 $5,216
2003 $4,500 $7,903 $946 $4,850
2002 $4,303 $7,250 $835 $4,522
2001 $4,071 $6,768 $804 $4,328
2000 $3,769 $6,503 $860 $4,368
1999 $3,447 $6,266 $829 $4,103
1998 $3,301 $6,026 $848 $3,952
1997 $3,074 $5,726 $827 $3,804
1996 $2,930 $5,440 $776 $3,582
1995 $2,795 $5,277 $742 $3,454
1994 $2,563 $4,802 $678 $3,260
1993 $2,540 $4,769 $607 $3,067
1992 $2,471 $4,477 $580 $2,851
1991 $2,271 $4,126 $546 $2,713
1990 $2,150 $3,960 $491 $2,527
1989 $1,930 - $430 -
1988 $1,814 - $434 -
1987 $1,596 - $420 -
1986 $1,472 - $407 -
1985 $1,342 - $385 -
1984 $1,254 - $391 -
1983 $1,144 - $336 -
1982 $1,074 - $312 -
1981 $972 - $292.5 -
1980 $790 - $271.1 -
1979 $687 - $230.8 -
1978 $592 - $191 -
1977 $484 - $292.1 -
1976 $324 - $260.3 -
1975 $331 - $279.8 -
1974 $331 - $268.7 -
1973 $306 - $220.2 -
1972 $282.1 - $199.4 -
1971 $207 - $188.8 -
1970 $192.3 - $186.9 -
1969 $175.2 - $163.6 -
1968 $163.1 - $153.5 -
1967 $170 - $162.3 -
1966 $174.9 - $156.6 -
1965 $166.2 - $155.6 -
1964 $164.4 - $122.9 -
1963 $154.9 - $119.4 -
1962 $166.5 - $141.4 -
1961 $163 - $145.9 -
1960 $154.8 - $145.9 -

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

GeoRank.org/economy/saint-vincent/sri-lanka | CC BY

Saint Vincent's GDP per capita is $11,501, ranking 81/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Saint Vincent ranks 92nd at $21,272, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Saint Vincent Sri Lanka
Gross domestic product
$1.16B
2024
$99B
2024
GDP rank
186/197
2024
72/197
2024
GDP growth
4.06%
2023-2024
5.01%
2023-2024
GDP per capita
$11,501
2024
$4,516
2024
GDP per capita rank
81/197
2024
124/197
2024
GDP per capita, PPP
$21,272
2024
$15,633
2024
GDP per capita PPP rank
92/197
2024
111/197
2024
Government debt
$1.07B
2024
$99.8B
2024
Debt-to-GDP ratio
92.7%
2024
100.8%
2024
Government debt per person
$10,659
2024
$4,554
2024
Government debt per person rank
56/185
2024
85/185
2024
Average annual personal income after taxes
$12,573
2026
$2,874
2026
Market capitalization of domestic companies n/a
$19.5B
2024
Income share by richest 10% n/a
30.8%
2019
Income share by poorest 10% n/a
3.1%
2019
Government expenditure, % of GDP
39.1%
2024
19.3%
2024
Consumer prices inflation
3.63%
2023-2024
-0.43%
2023-2024
Central bank interest rate n/a
7.75%
2025
Unemployment rate
18.8%
2008
4.67%
2023
Population
99237
22185425

Spending and national debt comparison by year

Saint Vincent
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Saint Vincent Sri Lanka
Government spending Government debt Government spending Government debt
2024 39.1% 92.7% 19.3% 100.8%
2023 38.9% 89.4% 19.5% 110.4%
2022 36.6% 86.3% 18.6% 115.9%
2021 37.2% 88.4% 20% 102.7%
2020 32.9% 80.2% 22.1% 96.9%
2019 29.2% 68.2% 19.5% 82.6%
2018 26.3% 69.4% 17.5% 83.6%
2017 26.6% 69% 17.9% 72.3%
2016 27.1% 79.4% 18.2% 75%
2015 27.6% 75.1% 19.3% 76.3%
2014 30.4% 75% 17.2% 69.6%
2013 29.4% 69.9% 16.6% 69.5%
2012 26.5% 68.1% 17.3% 67.5%
2011 29.4% 64% 19.1% 69.4%
2010 31.1% 61.1% 19.3% 68.7%
2009 31% 57.2% 21% 72.8%
2008 28.4% 50.3% 19.1% 68.8%
2007 27.1% 48.5% 19.9% 71.8%
2006 26.1% 44.7% 20.5% 74.3%
2005 26.7% 50.5% 20.1% 76.6%
2004 24.9% 58.6% 19.3% 86.5%
2003 26% 55.3% 19.3% 86.5%
2002 25.7% 53.2% 20.8% 96.3%
2001 24.4% 52% 22.4% 84.4%
2000 23.8% 54.3% 21.7% 79.2%
1999 25.2% 52.9% 20.5% 77.7%
1998 25.2% 39.5% 21.4% 74.2%
1997 26% 38.8% 21.4% 70.1%
1996 20.9% 40.7% 23.1% 76.2%
1995 19.9% 46.8% 24.8% 77.8%
1994 22.4% 52.8% 24.1% 77.9%
1993 22.3% 48.1% 23.2% 79.2%
1992 25.4% 49.6% 23% 77.9%
1991 25.5% 52.1% 26.4% 80.5%
1990 23.1% 53.9% 25.4% 78.9%
1989 27.6% - - -
1988 24.8% - - -
1987 23.7% - - -
1986 22.3% - - -
1985 21.4% - - -
1984 23.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/saint-vincent/sri-lanka | CC BY

In 2024, Saint Vincent's government spending was $453M, accounting for 39.1% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 92.7% in Saint Vincent and 100.8% in Sri Lanka, ranking 29/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Saint Vincent

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Saint Vincent Sri Lanka
2024 -12.9% -5.64%
2023 -12% -8.32%
2022 -9.35% -10.2%
2021 -7.19% -11.7%
2020 -5.92% -13.4%
2019 -3.45% -7.52%
2018 -1.65% -4.96%
2017 -1.56% -5.1%
2016 0.04% -5%
2015 -2.01% -6.64%
2014 -2.82% -5.99%
2013 -5.81% -5%
2012 -1.81% -5.44%
2011 -3.5% -6.01%
2010 -3.7% -6.73%
2009 -2.85% -8.33%
2008 -1.3% -5.93%
2007 -3.07% -5.81%
2006 -3.13% -5.91%
2005 -4.3% -5.93%
2004 -2.71% -6.32%
2003 -2.51% -6.15%
2002 -2% -6.9%
2001 -1.6% -8.48%
2000 -0.82% -7.78%
1999 -1.93% -5.58%
1998 -1.81% -6.79%
1997 -2.77% -5.71%
1996 1.57% -6.89%
1995 1.08% -7.11%
1994 0.12% -7.41%
1993 -1.46% -5.77%
1992 -3.25% -4.95%
1991 -0.47% -7.97%
1990 1.69% -6.39%
1989 -1.92% -
1988 0.59% -
1987 1.1% -
1986 2.32% -
1985 4.23% -
1984 2.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/saint-vincent/sri-lanka | 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 Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 35 years, Saint Vincent recorded a fiscal deficit in 30 of those years, while Sri Lanka ran a deficit in 35 years. On average, Saint Vincent posted an annual deficit equal to 3% of GDP, compared to deficit of 6.85% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Saint Vincent

Sri Lanka
1x
Year Consumer prices inflation
Saint Vincent Sri Lanka
2024 3.63% -0.43%
2023 4.56% 16.5%
2022 5.66% 49.7%
2021 1.57% 7.01%
2020 -0.63% 6.15%
2019 0.91% 3.53%
2018 2.32% 2.14%
2017 2.15% 7.7%
2016 -0.15% 3.96%
2015 -1.73% 3.77%
2014 0.19% 3.18%
2013 0.81% 6.91%
2012 2.6% 7.54%
2011 3.19% 6.72%
2010 0.75% 6.22%
2009 0.42% 3.46%
2008 10.1% 22.6%
2007 7.24% 15.8%
2006 2.74% 10%
2005 3.73% 11.6%
2004 2.96% 7.58%
2003 0.21% 6.31%
2002 1.86% 9.55%
2001 0.9% 14.2%
2000 0.17% 6.18%
1999 1.01% 4.69%
1998 2.14% 9.36%
1997 0.44% 9.57%

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

GeoRank.org/economy/saint-vincent/sri-lanka | CC BY

Over the past 28 years, Saint Vincent has recorded an average annual inflation rate of 2.13%, compared with 9.34% in Sri Lanka. In 2024, inflation was 3.63% in Saint Vincent and -0.43% in Sri Lanka.

Top exports between countries

Saint Vincent
Export category Export value
Sri Lanka
Export category Export value
Textiles & consumer goods $3K

Balance of trade

Saint Vincent Sri Lanka
Current account balance
-$157M
2024
$1.21B
2024
Current account balance ranking
93/190
2024
53/190
2024
Current account balance, % of GDP
-13.5%
2024
+1.22%
2024
Goods imports
$445M
2024
$18.8B
2024
Goods exports
$59.2M
2024
$12.8B
2024
Service imports
$196M
2024
$3.48B
2024
Service exports
$366M
2024
$6.91B
2024
Imports of goods and services, % of GDP n/a
22.5%
2024
Exports of goods and services, % of GDP
15.3%
2025
19.9%
2024

Economic freedom indices

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

Saint Vincent Sri Lanka
Economic freedom 60 50.3
Economic freedom ranking 98/197 162/197
Property rights 65.2 47.3
Government integrity 63.3 37.3
Judicial effectiveness 76.9 47.2
Tax burden 82 77
Government spending 56.2 89
Fiscal health 2.8 0
Business freedom 67.3 60.1
Labor freedom 60.1 54.3
Monetary freedom 77.3 65.9
Trade freedom 58.8 65.6
Investment freedom 70 30
Financial freedom 40 30

Economic freedom comparison by year

Saint Vincent
Sri Lanka
1x
Year Economic freedom index
Saint Vincent Sri Lanka
2026 60 50.3
2025 60.1 49.4
2024 59.8 49.2
2023 63.5 52.2
2022 65.7 53.3
2021 66.3 55.7
2020 66.8 57.4
2019 65.8 56.4
2018 67.7 57.8
2017 65.2 57.4
2016 68.8 59.9
2015 68 58.6
2014 67 60
2013 66.7 60.7
2012 66.5 58.3
2011 66.9 57.1
2010 66.9 54.6
2009 64.3 56
2008 - 58.4
2007 - 59.4
2006 - 58.7
2005 - 61
2004 - 61.6
2003 - 62.5
2002 - 64
2001 - 66
2000 - 63.2
1999 - 64
1998 - 64.6
1997 - 65.5
1996 - 62.5
1995 - 60.6

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

GeoRank.org/economy/saint-vincent/sri-lanka | CC BY

The Economic Freedom Index for Saint Vincent is 60, ranking 98/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saint Vincent Sri Lanka
Services, % of GDP
66.4%
2024
57.5%
2024
Industry, % of GDP
15.4%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
3.55%
2024
8.3%
2024
GNI, Atlas method
$1.11B
2024
$84.6B
2024
GNI per capita, PPP
$21,150
2024
$15,240
2024
Total reserves including gold
$317M
2024
$6.09B
2024
Total reserves ranking
167/177
2024
92/177
2024
Net foreign direct investment
-$74M
2024
-$651M
2024
Net inflows of foreign direct investment
$139M
2024
$761M
2024
Net outflows of foreign direct investment
-$1.92M
2024
$110M
2024
Servicing debt to the IMF, % of GNI
3.84%
2024
4.98%
2024
Poverty at national poverty lines n/a
14.3%
2019
Gross capital formation, % of GDP n/a
27%
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/sri-lanka | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2024, retrieved 2026-02-08)

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.