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Resistance by native Caribs prevented colonization on Saint Vincent until 1719. Disputed between France and the UK for most of the 18th century, the island was ceded to the latter in 1783. Between 1960 and 1962, Saint Vincent and the Grenadines was a separate administrative unit of the Federation of the West Indies. Autonomy was granted in 1969 and independence in 1979.

Location

Caribbean, islands between the Caribbean Sea and North Atlantic Ocean, north of Trinidad and Tobago

Natural Resources

hydropower, arable land

Population - distribution

most of the population is concentrated in and around the capital of Kingstown

104217
English, French patois
KINGSTOWN (capital) 27,000 (2014)
Conventional long form
none
Conventional short form
Saint Vincent and the Grenadines
Local long form
Local short form
parliamentary democracy (House of Assembly) under a constitutional monarchy; a Commonwealth realm
Name
Kingstown
Geographic coordinates
13 08 N, 61 13 W
Time difference
UTC-4 (1 hour ahead of Washington, DC, during Standard Time)
has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction
Success of the economy hinges upon seasonal variations in agriculture, tourism, and construction activity, as well as remittances. Much of the workforce is employed in banana production and tourism. Saint Vincent and the Grenadines is home to a small offshore banking sector and continues to fully adopt international regulatory standards.
Inflation
-1.734%
External debt stocks
US$ 338,678,000
Total tax rate (% of commercial profits)
39.3%
Real Interest Rate
7.614%
Manufacturing, value added (% of GDP)
5.333%
Current Account Balance
US$ -210,276,775
Labor Force, Total
55,570
Employment in Agriculture
23.80%
Employment in Industry
16.20%
Employment in Services
55.20%
Unemployment Rate
19.31%
Imports of goods and services
US$ 393,737,593
Exports of goods and services
US$ 198,069,222
Total Merchandise Trade
50.34%
FDI, net inflows
US$ 120,744,074
Commercial Service Exports
US$ 138,369,274
bananas, coconuts, sweet potatoes, spices; small numbers of cattle, sheep, pigs, goats; fish
tourism; food processing, cement, furniture, clothing, starch
Commodities
bananas, eddoes and dasheen (taro), arrowroot starch; tennis racquets
Partners
Trinidad and Tobago 18.9%, St. Lucia 14.8%, Barbados 12.3%, Dominica 9.7%, Grenada 9.3%, Antigua and Barbuda 8.4%, Poland 7.1%, St. Kitts and Nevis 4.1% (2015)
Commodities
foodstuffs, machinery and equipment, chemicals and fertilizers, minerals and fuels
Partners
Trinidad and Tobago 29.4%, US 17.2%, Singapore 8.7%, China 8%, Barbados 6.1%, Poland 5.5%, Turkey 4.4% (2015)
Country Risk Rating
Business Climate Rating

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