Flag: three vertical bands of blue (hoist side), gold (double width), and green; the gold band bears three green diamonds arranged in a V pattern
@Saint Vincent And The Grenadines:Economy
Overview: Agriculture, dominated by banana production, is the most important sector of the economy. The services sector, based mostly on a growing tourist industry, is also important. In 1993, economic growth slowed to 1.4%, reflecting a sharp decline in agricultural production caused by drought. The government has been relatively unsuccessful at introducing new industries, and high unemployment rates of 35%-40% continue.
National product: GDP - purchasing power parity - $235 million (1994 est.)
National product real growth rate: 2% (1994 est.)
National product per capita: $2,000 (1994 est.)
Inflation rate (consumer prices): 4% (1993 est.)
Unemployment rate: 35%-40% (1994 est.)
Budget:
revenues: $66.2
expenditures: $77.3 million, including capital expenditures of $23
million (1993 est.)
Exports: $57.1 million (f.o.b., 1993)
commodities: bananas, eddoes and dasheen (taro), arrowroot starch,
tennis racquets
partners: UK 54%, CARICOM 34%, US 10%