Gross Domestic Product for St. Vincent and the Grenadines
SVGNGDPRPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
-15.23%
Date Range
1/1/1980 - 1/1/2030
Summary
This economic trend measures the Gross Domestic Product (GDP) of St. Vincent and the Grenadines, a Caribbean island nation. GDP is a key indicator of a country's economic performance and a critical metric for economists and policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The GDP of St. Vincent and the Grenadines represents the total value of all goods and services produced within the country's borders over a given time period. It is a widely used measure of a country's economic size and growth, providing insights into its overall economic health and development.
Methodology
The data is collected and calculated by the national statistics office of St. Vincent and the Grenadines.
Historical Context
GDP figures are closely monitored by policymakers, investors, and economists to assess the economic conditions and make informed decisions.
Key Facts
- St. Vincent and the Grenadines is a small island nation in the Caribbean Sea.
- Its GDP per capita was $7,401 in 2021.
- The economy is primarily based on tourism, agriculture, and light industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of St. Vincent and the Grenadines, which represents the total value of all goods and services produced within the country's borders.
Q: Why is this trend relevant for users or analysts?
A: GDP is a widely used indicator of a country's economic performance and growth, providing insights into its overall economic health and development. It is closely monitored by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the national statistics office of St. Vincent and the Grenadines.
Q: How is this trend used in economic policy?
A: GDP figures are used by policymakers, economists, and institutions to assess the economic conditions of St. Vincent and the Grenadines and make informed decisions regarding economic policy, investment, and development.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the national statistics office, and there may be delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product for St. Vincent and the Grenadines (SVGNGDPRPCH), retrieved from FRED.