Source: world bank Nominal/PPP
Summary:
St. Vincent and the Grenadines GDP Per Capita expanded from 1960 to 2024, increasing from $154.84 to $11,501.23 .The compound annual growth rate (CAGR) averaged 6.96% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 6.99%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
St. Vincent and the Grenadines Economic Phases (1960 - 2024)
From 1960 to 2024, St. Vincent and the Grenadines economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Contraction (1967–1968) indicating temporary slowdown
- High Growth (1969–1974) indicating robust economic expansion
- High Growth (1977–1992) indicating robust economic expansion
- Expansion (1993–1994) indicating steady moderate growth
- Expansion (1996–1997) indicating steady moderate growth
- High Growth (2000–2002) indicating robust economic expansion
- High Growth (2004–2007) indicating robust economic expansion
- Expansion (2014–2017) indicating steady moderate growth
- High Growth (2022–2024) indicating robust economic expansion
The most remarkable growth occurred in 1977 with an increase of 49.316%, while the largest decline was in 1963 at -6.995%.