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Economy of Saint Vincent vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Saint Vincent has a GDP of $1.16B compared to $1.12B for Vanuatu, ranking 186/197 and 188/197 by economy size, respectively.

Saint Vincent has $1.07B in government debt (92.7% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Saint Vincent vs Vanuatu GDP by year

Saint Vincent
Vanuatu
1x
Year GDP, current $
Saint Vincent Vanuatu
2024 $1,157,207,407 $1,117,972,034
2023 $1,072,237,037 $1,115,861,056
2022 $989,188,889 $1,055,031,361
2021 $888,677,778 $950,394,007
2020 $864,566,667 $909,421,044
2019 $910,481,481 $936,526,268
2018 $884,329,630 $914,727,908
2017 $844,040,741 $880,043,284
2016 $814,303,704 $804,323,577
2015 $786,555,556 $759,690,181
2014 $770,900,000 $773,717,011
2013 $764,781,259 $758,304,466
2012 $730,032,593 $747,839,698
2011 $713,796,370 $770,153,588
2010 $720,447,889 $670,712,980
2009 $714,300,259 $592,622,319
2008 $732,663,259 $590,748,429
2007 $713,596,667 $516,392,923
2006 $643,501,148 $439,358,587
2005 $579,948,926 $394,962,433
2004 $549,900,185 $364,996,869
2003 $509,090,889 $314,471,413
2002 $487,763,852 $262,596,536
2001 $462,072,333 $257,926,882
2000 $427,946,037 $272,014,628
1999 $390,718,519 $268,006,973
1998 $373,618,519 $262,293,411
1997 $347,770,370 $272,771,209
1996 $331,488,889 $261,370,044
1995 $316,007,407 $249,333,250
1994 $289,437,037 $233,701,301
1993 $286,307,407 $200,491,853
1992 $277,955,556 $209,088,825
1991 $254,829,630 $201,334,169
1990 $240,366,667 $168,879,207
1989 $214,745,002 $154,013,202
1988 $200,726,713 $158,351,368
1987 $175,580,647 $139,464,174
1986 $160,846,657 $126,498,935
1985 $145,641,705 $131,856,421
1984 $135,024,988 $144,482,515
1983 $122,255,350 $117,389,554
1982 $113,759,203 $114,501,913
1981 $102,086,539 $113,781,796
1980 $82,340,340 $121,185,498
1979 $71,096,360 $119,258,835
1978 $60,844,771 -
1977 $49,353,162 -
1976 $32,792,845 -
1975 $33,237,226 -
1974 $32,923,703 -
1973 $30,165,081 -
1972 $27,585,805 -
1971 $20,051,922 -
1970 $18,450,000 -
1969 $16,650,000 -
1968 $15,350,000 -
1967 $15,835,106 -
1966 $16,099,960 -
1965 $15,108,296 -
1964 $14,758,296 -
1963 $13,708,299 -
1962 $14,524,964 -
1961 $13,999,965 -
1960 $13,066,634 -

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

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

GDP per capita in Saint Vincent vs Vanuatu by year

Saint Vincent
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Vincent Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,501 $21,272 $3,411 $3,606
2023 $10,582 $19,820 $3,483 $3,568
2022 $9,694 $18,035 $3,370 $3,453
2021 $8,641 $16,201 $3,107 $3,136
2020 $8,351 $15,337 $3,043 $3,118
2019 $8,741 $15,340 $3,207 $3,315
2018 $8,428 $14,690 $3,207 $3,233
2017 $7,988 $13,575 $3,160 $3,146
2016 $7,657 $13,493 $2,956 $3,030
2015 $7,354 $12,379 $2,855 $2,966
2014 $7,169 $12,136 $2,973 $2,890
2013 $7,072 $11,625 $2,980 $2,832
2012 $6,714 $10,989 $3,005 $2,834
2011 $6,528 $10,774 $3,163 $2,816
2010 $6,552 $10,561 $2,815 $2,733
2009 $6,464 $10,869 $2,546 $2,730
2008 $6,599 $10,902 $2,604 $2,701
2007 $6,398 $10,604 $2,334 $2,573
2006 $5,745 $9,949 $2,035 $2,496
2005 $5,157 $8,986 $1,874 $2,287
2004 $4,873 $8,472 $1,774 $2,157
2003 $4,500 $7,903 $1,567 $2,070
2002 $4,303 $7,250 $1,341 $1,995
2001 $4,071 $6,768 $1,350 $2,125
2000 $3,769 $6,503 $1,460 $2,206
1999 $3,447 $6,266 $1,472 $2,084
1998 $3,301 $6,026 $1,471 $2,091
1997 $3,074 $5,726 $1,562 $2,087
1996 $2,930 $5,440 $1,529 $1,998
1995 $2,795 $5,277 $1,492 $1,961
1994 $2,563 $4,802 $1,431 $1,946
1993 $2,540 $4,769 $1,257 $1,789
1992 $2,471 $4,477 $1,344 $1,777
1991 $2,271 $4,126 $1,326 $1,737
1990 $2,150 $3,960 $1,141 $1,670
1989 $1,930 - $1,067 -
1988 $1,814 - $1,125 -
1987 $1,596 - $1,017 -
1986 $1,472 - $946 -
1985 $1,342 - $1,012 -
1984 $1,254 - $1,137 -
1983 $1,144 - $947 -
1982 $1,074 - $946 -
1981 $972 - $962 -
1980 $790 - $1,048 -
1979 $687 - $1,055 -
1978 $592 - - -
1977 $484 - - -
1976 $324 - - -
1975 $331 - - -
1974 $331 - - -
1973 $306 - - -
1972 $282.1 - - -
1971 $207 - - -
1970 $192.3 - - -
1969 $175.2 - - -
1968 $163.1 - - -
1967 $170 - - -
1966 $174.9 - - -
1965 $166.2 - - -
1964 $164.4 - - -
1963 $154.9 - - -
1962 $166.5 - - -
1961 $163 - - -
1960 $154.8 - - -

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

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

Saint Vincent's GDP per capita is $11,501, ranking 81/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Saint Vincent ranks 92nd at $21,272, while Vanuatu ranks 170th at $3,606.

Economic indicators

Saint Vincent Vanuatu
Gross domestic product
$1.16B
2024
$1.12B
2024
GDP rank
186/197
2024
188/197
2024
GDP growth
4.06%
2023-2024
0.94%
2023-2024
GDP per capita
$11,501
2024
$3,411
2024
GDP per capita rank
81/197
2024
137/197
2024
GDP per capita, PPP
$21,272
2024
$3,606
2024
GDP per capita PPP rank
92/197
2024
170/197
2024
Government debt
$1.07B
2024
$507M
2024
Debt-to-GDP ratio
92.7%
2024
45.3%
2024
Government debt per person
$10,659
2024
$1,546
2024
Government debt per person rank
56/185
2024
131/185
2024
Average annual personal income after taxes
$12,573
2026
$3,164
2026
Income share by richest 10% n/a
24.7%
2019
Income share by poorest 10% n/a
3%
2019
Government expenditure, % of GDP
39.1%
2024
41.1%
2024
Consumer prices inflation
3.63%
2023-2024
11.2%
2022-2023
Unemployment rate
18.8%
2008
4.05%
2020
Population
99237
344750

Spending and national debt comparison by year

Saint Vincent
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Saint Vincent Vanuatu
Government spending Government debt Government spending Government debt
2024 39.1% 92.7% 41.1% 45.3%
2023 38.9% 89.4% 41.6% 41.8%
2022 36.6% 86.3% 42% 42.8%
2021 37.2% 88.4% 44.4% 48.5%
2020 32.9% 80.2% 43.4% 48%
2019 29.2% 68.2% 39.8% 45.1%
2018 26.3% 69.4% 33.3% 45.3%
2017 26.6% 69% 37.1% 52.6%
2016 27.1% 79.4% 35.2% 42.5%
2015 27.6% 75.1% 42.4% 36.3%
2014 30.4% 75% 23.3% 20.2%
2013 29.4% 69.9% 22.9% 18.6%
2012 26.5% 68.1% 24.5% 19.3%
2011 29.4% 64% 25.1% 21.3%
2010 31.1% 61.1% 28.3% 20.2%
2009 31% 57.2% 27.6% 21.1%
2008 28.4% 50.3% 27.8% 21.2%
2007 27.1% 48.5% 22.5% 19.5%
2006 26.1% 44.7% 20.1% 22.2%
2005 26.7% 50.5% 18.3% 26.3%
2004 24.9% 58.6% 18.5% 30.4%
2003 26% 55.3% 18.8% 38.3%
2002 25.7% 53.2% 22.3% 38.8%
2001 24.4% 52% 22.3% 37%
2000 23.8% 54.3% 25.4% 36.1%
1999 25.2% 52.9% 23.9% 30.6%
1998 25.2% 39.5% 27.9% 28%
1997 26% 38.8% 22.2% 22.9%
1996 20.9% 40.7% 24.5% 23.1%
1995 19.9% 46.8% 28% 24.1%
1994 22.4% 52.8% 24.4% 21.6%
1993 22.3% 48.1% 26.2% 20.3%
1992 25.4% 49.6% 31.8% 21%
1991 25.5% 52.1% 33.2% 15.9%
1990 23.1% 53.9% - -
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/vanuatu | CC BY

In 2024, Saint Vincent's government spending was $453M, accounting for 39.1% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 92.7% in Saint Vincent and 45.3% in Vanuatu, ranking 29/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Saint Vincent

Vanuatu
1x
Year Deficit/surplus, % of GDP
Saint Vincent Vanuatu
2024 -12.9% -2.34%
2023 -12% -0.95%
2022 -9.35% -6.5%
2021 -7.19% 2.38%
2020 -5.92% -1.95%
2019 -3.45% 2.81%
2018 -1.65% 6.26%
2017 -1.56% -1.2%
2016 0.04% -0.72%
2015 -2.01% -8.66%
2014 -2.82% 1.44%
2013 -5.81% -0.25%
2012 -1.81% -1.7%
2011 -3.5% -2.19%
2010 -3.7% -2.63%
2009 -2.85% -0.85%
2008 -1.3% -0.04%
2007 -3.07% 0.28%
2006 -3.13% 0.49%
2005 -4.3% 1.86%
2004 -2.71% 0.8%
2003 -2.51% -1.35%
2002 -2% -3.63%
2001 -1.6% -3.33%
2000 -0.82% -6.28%
1999 -1.93% -0.55%
1998 -1.81% -6.65%
1997 -2.77% -0.51%
1996 1.57% -1.78%
1995 1.08% -2.59%
1994 0.12% -1.49%
1993 -1.46% -3.67%
1992 -3.25% -2.32%
1991 -0.47% -2.81%
1990 1.69% -
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/vanuatu | 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 Vanuatu's deficit of $26.2M, or 2.34% of GDP.

Over the past 34 years, Saint Vincent recorded a fiscal deficit in 30 of those years, while Vanuatu ran a deficit in 26 years. On average, Saint Vincent posted an annual deficit equal to 3.14% of GDP, compared to deficit of 1.49% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Saint Vincent

Vanuatu
1x
Year Consumer prices inflation
Saint Vincent Vanuatu
2024 3.63% -
2023 4.56% 11.2%
2022 5.66% 6.68%
2021 1.57% 2.34%
2020 -0.63% 5.33%
2019 0.91% 2.76%
2018 2.32% 2.33%
2017 2.15% 3.08%
2016 -0.15% 0.84%
2015 -1.73% 2.48%
2014 0.19% 0.8%
2013 0.81% 1.46%
2012 2.6% 1.35%
2011 3.19% 0.87%
2010 0.75% 2.76%
2009 0.42% 4.3%
2008 10.1% 4.84%
2007 7.24% 3.94%
2006 2.74% 2.04%
2005 3.73% 1.2%
2004 2.96% 1.42%
2003 0.21% 3.02%
2002 1.86% 1.96%
2001 0.9% 3.58%
2000 0.17% 2.54%
1999 1.01% 2%
1998 2.14% 3.28%
1997 0.44% 2.83%

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

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

Over the past 27 years, Saint Vincent has recorded an average annual inflation rate of 2.08%, compared with 3.01% in Vanuatu. In 2023, inflation was 3.63% in Saint Vincent and 11.2% in Vanuatu.

Balance of trade

Saint Vincent Vanuatu
Current account balance
-$157M
2024
-$127M
2022
Current account balance ranking
93/190
2024
90/190
2022
Current account balance, % of GDP
-13.5%
2024
-12.1%
2022
Goods imports
$445M
2024
$350M
2022
Goods exports
$59.2M
2024
$73.6M
2022
Service imports
$196M
2024
$230M
2022
Service exports
$366M
2024
$78.5M
2022
Imports of goods and services, % of GDP n/a
54.2%
2022
Exports of goods and services, % of GDP
15.3%
2025
9.43%
2022

Economic freedom indices

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

Saint Vincent Vanuatu
Economic freedom 60 61.1
Economic freedom ranking 98/197 92/197
Property rights 65.2 62.1
Government integrity 63.3 48.3
Judicial effectiveness 76.9 67.9
Tax burden 82 96.9
Government spending 56.2 48.1
Fiscal health 2.8 78.8
Business freedom 67.3 50.3
Labor freedom 60.1 41
Monetary freedom 77.3 72.1
Trade freedom 58.8 62
Investment freedom 70 65
Financial freedom 40 40

Economic freedom comparison by year

Saint Vincent
Vanuatu
1x
Year Economic freedom index
Saint Vincent Vanuatu
2026 60 61.1
2025 60.1 61.8
2024 59.8 62.2
2023 63.5 62.1
2022 65.7 62.9
2021 66.3 60.5
2020 66.8 60.7
2019 65.8 56.4
2018 67.7 69.5
2017 65.2 67.4
2016 68.8 60.8
2015 68 61.1
2014 67 59.5
2013 66.7 56.6
2012 66.5 56.6
2011 66.9 56.7
2010 66.9 56.4
2009 64.3 58.4

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

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

The Economic Freedom Index for Saint Vincent is 60, ranking 98/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saint Vincent Vanuatu
Services, % of GDP
66.4%
2024
59.1%
2022
Industry, % of GDP
15.4%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
3.55%
2024
24.3%
2022
GNI, Atlas method
$1.11B
2024
$1.28B
2024
GNI per capita, PPP
$21,150
2024
$4,140
2024
Total reserves including gold
$317M
2024
$615M
2024
Total reserves ranking
167/177
2024
152/177
2024
Net foreign direct investment
-$74M
2024
-$9.21M
2022
Net inflows of foreign direct investment
$139M
2024
$28.9M
2024
Net outflows of foreign direct investment
-$1.92M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
3.84%
2024
2.04%
2024
Poverty at national poverty lines n/a
15.9%
2020
Gross capital formation, % of GDP n/a
38.3%
2022

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/vanuatu | 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 (2009–2026, 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)

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.