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Economy of Saint Vincent vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Saint Vincent has a GDP of $1.16B compared to $25.6B for Trinidad and Tobago, ranking 186/197 and 115/197 by economy size, respectively.

Saint Vincent has $1.07B in government debt (92.7% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Saint Vincent vs Trinidad and Tobago GDP by year

Saint Vincent
Trinidad and Tobago
1x
Year GDP, current $
Saint Vincent Trinidad
2024 $1,157,207,407 $25,633,544,529
2023 $1,072,237,037 $25,036,993,423
2022 $989,188,889 $28,341,164,301
2021 $888,677,778 $24,222,963,263
2020 $864,566,667 $20,888,515,184
2019 $910,481,481 $23,477,745,792
2018 $884,329,630 $23,883,058,083
2017 $844,040,741 $23,830,750,901
2016 $814,303,704 $23,624,322,193
2015 $786,555,556 $26,841,141,793
2014 $770,900,000 $29,474,180,005
2013 $764,781,259 $28,560,537,057
2012 $730,032,593 $27,147,349,937
2011 $713,796,370 $25,433,007,437
2010 $720,447,889 $22,157,920,592
2009 $714,300,259 $19,172,165,226
2008 $732,663,259 $27,871,587,350
2007 $713,596,667 $21,641,620,050
2006 $643,501,148 $18,369,361,094
2005 $579,948,926 $15,982,389,018
2004 $549,900,185 $13,280,291,990
2003 $509,090,889 $11,305,459,802
2002 $487,763,852 $9,008,298,229
2001 $462,072,333 $8,824,849,191
2000 $427,946,037 $8,154,342,116
1999 $390,718,519 $6,808,982,521
1998 $373,618,519 $6,043,686,654
1997 $347,770,370 $5,737,771,523
1996 $331,488,889 $5,759,570,336
1995 $316,007,407 $5,329,217,747
1994 $289,437,037 $4,947,181,646
1993 $286,307,407 $4,669,491,134
1992 $277,955,556 $5,439,552,941
1991 $254,829,630 $5,307,905,882
1990 $240,366,667 $5,068,000,000
1989 $214,745,002 $4,323,058,824
1988 $200,726,713 $4,496,910,569
1987 $175,580,647 $4,797,777,778
1986 $160,846,657 $4,794,444,444
1985 $145,641,705 $7,375,918,367
1984 $135,024,988 $7,757,083,333
1983 $122,255,350 $7,763,750,000
1982 $113,759,203 $8,140,416,667
1981 $102,086,539 $6,992,083,333
1980 $82,340,340 $6,235,833,333
1979 $71,096,360 $4,602,416,625
1978 $60,844,771 $3,562,333,458
1977 $49,353,162 $3,138,666,667
1976 $32,792,845 $2,500,424,955
1975 $33,237,226 $2,442,669,825
1974 $32,923,703 $2,042,001,071
1973 $30,165,081 $1,308,785,431
1972 $27,585,805 $1,083,391,758
1971 $20,051,922 $896,765,215
1970 $18,450,000 $821,850,000
1969 $16,650,000 $779,200,000
1968 $15,350,000 $758,899,950
1967 $15,835,106 $761,981,912
1966 $16,099,960 $723,739,857
1965 $15,108,296 $736,573,159
1964 $14,758,296 $711,897,520
1963 $13,708,299 $678,239,329
1962 $14,524,964 $619,322,810
1961 $13,999,965 $584,964,621
1960 $13,066,634 $535,673,252

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

GeoRank.org/economy/saint-vincent/trinidad-and-tobago | CC BY

GDP per capita in Saint Vincent vs Trinidad and Tobago by year

Saint Vincent
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Vincent Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,501 $21,272 $18,733 $36,329
2023 $10,582 $19,820 $18,308 $34,623
2022 $9,694 $18,035 $20,751 $32,979
2021 $8,641 $16,201 $17,713 $30,482
2020 $8,351 $15,337 $15,284 $26,731
2019 $8,741 $15,340 $17,213 $29,316
2018 $8,428 $14,690 $17,571 $28,673
2017 $7,988 $13,575 $17,566 $28,484
2016 $7,657 $13,493 $17,449 $28,232
2015 $7,354 $12,379 $19,887 $29,825
2014 $7,169 $12,136 $21,908 $32,027
2013 $7,072 $11,625 $21,305 $31,746
2012 $6,714 $10,989 $20,332 $31,883
2011 $6,528 $10,774 $19,151 $31,078
2010 $6,552 $10,561 $16,815 $30,778
2009 $6,464 $10,869 $14,634 $29,602
2008 $6,599 $10,902 $21,299 $30,807
2007 $6,398 $10,604 $16,607 $29,355
2006 $5,745 $9,949 $14,153 $27,393
2005 $5,157 $8,986 $12,346 $23,536
2004 $4,873 $8,472 $9,871 $20,674
2003 $4,500 $7,903 $8,445 $18,743
2002 $4,303 $7,250 $6,763 $16,141
2001 $4,071 $6,768 $6,657 $14,797
2000 $3,769 $6,503 $6,179 $13,953
1999 $3,447 $6,266 $5,179 $12,812
1998 $3,301 $6,026 $4,613 $11,735
1997 $3,074 $5,726 $4,394 $10,769
1996 $2,930 $5,440 $4,427 $9,883
1995 $2,795 $5,277 $4,115 $9,099
1994 $2,563 $4,802 $3,840 $8,631
1993 $2,540 $4,769 $3,647 $8,209
1992 $2,471 $4,477 $4,277 $8,129
1991 $2,271 $4,126 $4,205 $7,274
1990 $2,150 $3,960 $4,047 $6,878
1989 $1,930 - $3,482 -
1988 $1,814 - $3,656 -
1987 $1,596 - $3,941 -
1986 $1,472 - $3,985 -
1985 $1,342 - $6,212 -
1984 $1,254 - $6,613 -
1983 $1,144 - $6,690 -
1982 $1,074 - $7,091 -
1981 $972 - $6,160 -
1980 $790 - $5,559 -
1979 $687 - $4,155 -
1978 $592 - $3,258 -
1977 $484 - $2,907 -
1976 $324 - $2,345 -
1975 $331 - $2,319 -
1974 $331 - $1,962 -
1973 $306 - $1,273 -
1972 $282.1 - $1,067 -
1971 $207 - $894 -
1970 $192.3 - $829 -
1969 $175.2 - $795 -
1968 $163.1 - $783 -
1967 $170 - $797 -
1966 $174.9 - $768 -
1965 $166.2 - $793 -
1964 $164.4 - $780 -
1963 $154.9 - $756 -
1962 $166.5 - $704 -
1961 $163 - $678 -
1960 $154.8 - $634 -

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

GeoRank.org/economy/saint-vincent/trinidad-and-tobago | CC BY

Saint Vincent's GDP per capita is $11,501, ranking 81/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Saint Vincent ranks 92nd at $21,272, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Saint Vincent Trinidad
Gross domestic product
$1.16B
2024
$25.6B
2024
GDP rank
186/197
2024
115/197
2024
GDP growth
4.06%
2023-2024
2.51%
2023-2024
GDP per capita
$11,501
2024
$18,733
2024
GDP per capita rank
81/197
2024
61/197
2024
GDP per capita, PPP
$21,272
2024
$36,329
2024
GDP per capita PPP rank
92/197
2024
62/197
2024
Government debt
$1.07B
2024
$16.5B
2024
Debt-to-GDP ratio
92.7%
2024
64.2%
2024
Government debt per person
$10,659
2024
$12,028
2024
Government debt per person rank
56/185
2024
45/185
2024
Average annual personal income after taxes
$12,573
2026
$11,007
2026
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10% n/a
29.9%
1992
Income share by poorest 10% n/a
2.1%
1992
Government expenditure, % of GDP
39.1%
2024
32.3%
2024
Consumer prices inflation
3.63%
2023-2024
0.53%
2023-2024
Central bank interest rate n/a
3.5%
2020
Unemployment rate
18.8%
2008
4.01%
2024
Population
99237
1374840

Spending and national debt comparison by year

Saint Vincent
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Saint Vincent Trinidad
Government spending Government debt Government spending Government debt
2024 39.1% 92.7% 32.3% 64.2%
2023 38.9% 89.4% 33.5% 62.2%
2022 36.6% 86.3% 27.2% 51.3%
2021 37.2% 88.4% 30.3% 58.4%
2020 32.9% 80.2% 36.2% 62.5%
2019 29.2% 68.2% 31.2% 46.2%
2018 26.3% 69.4% 30.2% 41.5%
2017 26.6% 69% 30.7% 39.8%
2016 27.1% 79.4% 31.9% 35.4%
2015 27.6% 75.1% 35% 27.1%
2014 30.4% 75% 32.8% 23.5%
2013 29.4% 69.9% 31.3% 21.6%
2012 26.5% 68.1% 29.5% 21.8%
2011 29.4% 64% 29.4% 26.4%
2010 31.1% 61.1% 30.4% 16.8%
2009 31% 57.2% 37% 20.7%
2008 28.4% 50.3% 26.7% 13.5%
2007 27.1% 48.5% 25.7% 16.2%
2006 26.1% 44.7% 31.6% 16.9%
2005 26.7% 50.5% 26.7% 19.8%
2004 24.9% 58.6% 22.5% 24.2%
2003 26% 55.3% 22.2% 30.2%
2002 25.7% 53.2% 24.4% 37%
2001 24.4% 52% 24.8% 36.6%
2000 23.8% 54.3% 23.1% 38.9%
1999 25.2% 52.9% 24.1% 42.2%
1998 25.2% 39.5% 26.9% 42.8%
1997 26% 38.8% 27.2% 46.1%
1996 20.9% 40.7% 27.6% 47%
1995 19.9% 46.8% 26.2% 50.1%
1994 22.4% 52.8% 25.4% 52.6%
1993 22.3% 48.1% 26.9% 58.8%
1992 25.4% 49.6% 28.6% 49.2%
1991 25.5% 52.1% 29.6% 49.5%
1990 23.1% 53.9% 26.9% 47.7%
1989 27.6% - 30.9% 51.9%
1988 24.8% - 45.3% 65.3%
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/trinidad-and-tobago | CC BY

In 2024, Saint Vincent's government spending was $453M, accounting for 39.1% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 92.7% in Saint Vincent and 64.2% in Trinidad and Tobago, ranking 29/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Saint Vincent

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Saint Vincent Trinidad
2024 -12.9% -5.24%
2023 -12% -1.24%
2022 -9.35% 0.92%
2021 -7.19% -8.1%
2020 -5.92% -12.2%
2019 -3.45% -3.74%
2018 -1.65% -5.89%
2017 -1.56% -10.4%
2016 0.04% -10.1%
2015 -2.01% -7.56%
2014 -2.82% -4.31%
2013 -5.81% -2.67%
2012 -1.81% -1.26%
2011 -3.5% -0.67%
2010 -3.7% 0.13%
2009 -2.85% -5.42%
2008 -1.3% 5.39%
2007 -3.07% 3.12%
2006 -3.13% 1.56%
2005 -4.3% 2.36%
2004 -2.71% 1.84%
2003 -2.51% 1.8%
2002 -2% -0.2%
2001 -1.6% 0.61%
2000 -0.82% 0.17%
1999 -1.93% -0.88%
1998 -1.81% -1.8%
1997 -2.77% 0.11%
1996 1.57% -0.45%
1995 1.08% 0.17%
1994 0.12% -0.02%
1993 -1.46% 0.23%
1992 -3.25% -2.74%
1991 -0.47% -0.21%
1990 1.69% -1.27%
1989 -1.92% -4.46%
1988 0.59% -9.34%
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/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 37 years, Saint Vincent recorded a fiscal deficit in 31 of those years, while Trinidad and Tobago ran a deficit in 24 years. On average, Saint Vincent posted an annual deficit equal to 2.88% of GDP, compared to deficit of 2.21% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Saint Vincent

Trinidad and Tobago
1x
Year Consumer prices inflation
Saint Vincent Trinidad
2024 3.63% 0.53%
2023 4.56% 4.63%
2022 5.66% 5.83%
2021 1.57% 2.06%
2020 -0.63% 0.6%
2019 0.91% 1%
2018 2.32% 1.02%
2017 2.15% 1.88%
2016 -0.15% 3.07%
2015 -1.73% 4.66%
2014 0.19% 5.68%
2013 0.81% 5.2%
2012 2.6% 9.26%
2011 3.19% 5.11%
2010 0.75% 10.5%
2009 0.42% 6.98%
2008 10.1% 12%
2007 7.24% 7.89%
2006 2.74% 8.33%
2005 3.73% 6.87%
2004 2.96% 3.72%
2003 0.21% 3.81%
2002 1.86% 4.15%
2001 0.9% 5.54%
2000 0.17% 3.56%
1999 1.01% 3.44%
1998 2.14% 5.61%
1997 0.44% 3.63%

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

GeoRank.org/economy/saint-vincent/trinidad-and-tobago | CC BY

Over the past 28 years, Saint Vincent has recorded an average annual inflation rate of 2.13%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 3.63% in Saint Vincent and 0.53% in Trinidad and Tobago.

Top exports between countries

Saint Vincent
Export category Export value
Raw agricultural goods $1.47M
Machinery & equipment $253K
Metals $239K
Animal & marine products $132K
Processed food, beverages & tobacco $130K
Chemicals & pharma $91K
Wood & paper products $52K
Textiles & consumer goods $12K
Raw materials & minerals $7K
Trinidad
Export category Export value
Machinery & equipment $23.2M
Processed food, beverages & tobacco $20M
Raw materials & minerals $13.8M
Chemicals & pharma $7.38M
Metals $5.47M
Wood & paper products $3.71M
Textiles & consumer goods $3.14M
Raw agricultural goods $1.59M
Animal & marine products $715K
Miscellaneous $446K

Balance of trade

Saint Vincent Trinidad
Current account balance
-$157M
2024
$645M
2024
Current account balance ranking
93/190
2024
58/190
2024
Current account balance, % of GDP
-13.5%
2024
+2.52%
2024
Goods imports
$445M
2024
$7.54B
2024
Goods exports
$59.2M
2024
$10B
2024
Service imports
$196M
2024
$2.71B
2024
Service exports
$366M
2024
$1.26B
2024
Exports of goods and services, % of GDP
15.3%
2025
45%
2025

Economic freedom indices

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

Saint Vincent Trinidad
Economic freedom 60 62.4
Economic freedom ranking 98/197 87/197
Property rights 65.2 47.3
Government integrity 63.3 45.5
Judicial effectiveness 76.9 58.8
Tax burden 82 76.1
Government spending 56.2 71.1
Fiscal health 2.8 86.3
Business freedom 67.3 67.1
Labor freedom 60.1 57.2
Monetary freedom 77.3 81
Trade freedom 58.8 68.8
Investment freedom 70 50
Financial freedom 40 40

Economic freedom comparison by year

Saint Vincent
Trinidad and Tobago
1x
Year Economic freedom index
Saint Vincent Trinidad
2026 60 62.4
2025 60.1 63.6
2024 59.8 60.4
2023 63.5 59.5
2022 65.7 58.8
2021 66.3 59
2020 66.8 58.3
2019 65.8 57
2018 67.7 57.7
2017 65.2 61.2
2016 68.8 62.9
2015 68 64.1
2014 67 62.7
2013 66.7 62.3
2012 66.5 64.4
2011 66.9 66.5
2010 66.9 65.7
2009 64.3 68
2008 - 69.5
2007 - 70.6
2006 - 70.4
2005 - 71.5
2004 - 71.3
2003 - 68.8
2002 - 70.1
2001 - 71.8
2000 - 74.5
1999 - 72.4
1998 - 72
1997 - 71.3
1996 - 69.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/saint-vincent/trinidad-and-tobago | CC BY

The Economic Freedom Index for Saint Vincent is 60, ranking 98/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saint Vincent Trinidad
Services, % of GDP
66.4%
2024
59.2%
2024
Industry, % of GDP
15.4%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
3.55%
2024
0.78%
2024
GNI, Atlas method
$1.11B
2024
$27B
2024
GNI per capita, PPP
$21,150
2024
$36,580
2024
Total reserves including gold
$317M
2024
$5.6B
2024
Total reserves ranking
167/177
2024
94/177
2024
Net foreign direct investment
-$74M
2024
$980M
2024
Net inflows of foreign direct investment
$139M
2024
-$453M
2024
Net outflows of foreign direct investment
-$1.92M
2024
$527M
2024
Servicing debt to the IMF, % of GNI
3.84%
2024
n/a
Poverty at national poverty lines n/a
20%
2020
Gross capital formation, % of GDP n/a
19%
2023

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/trinidad-and-tobago | 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 (1996–2026, 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. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.