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St. Vincent and the Grenadines, Caribbean


St. Vincent & the Grenadines. World Insurance Companies Logos – Caribbean Insurance CompaniesSt. Vincent and the Grenadines, Caribbean​​ – World Insurance Companies Logos. By clicking on the logo of each insurer in the Grenadines can obtain a set of updated information that each insurer offers via the internet.


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St. Vincent Insurers. World Insurance Companies Logos
St. Vincent Insurers. World Insurance Companies Logos
St. Vincent and the Grenadines press

Economy of St. Vincent and the Grenadines

​The economy is heavily dependent on agriculture being the world’s leading producer of arrowroot and grows other exotic fruit, vegetables and root crops. Bananas alone account for upwards of 60% of the work force and 50% of merchandise exports. Such reliance on a single crop makes the economy vulnerable to external factors.

St. Vincent’s banana growers benefited from preferential access to the European market. In view of the European Union’s announced phase-out of this preferred access, economic diversification is a priority.

Tourism has grown to become a very important part of the economy. In 1993, tourism supplanted banana exports as the chief source of foreign exchange. Grenadines have become a favorite of the up-market yachting crowd.

The trend toward increasing tourism revenues will likely continue. In 1996, new cruise ship and ferry berths came on-line, sharply increasing the number of passenger arrivals. In 1998, total visitor arrivals stood at 202,109 with United States visitors constituting 2.7%, as most of the nation’s tourists are from other countries in the Caribbean and the United Kingdom. Figures from 2005 record tourism’s contribution to the economy at US$90 million. 

St. Vincent and Grenadines is a beneficiary of the U.S. Caribbean Basin Initiative. The country belongs to the Caribbean Community (CARICOM), which has signed a framework agreement with the United States to promote trade and investment in the region.

Agriculture – products: banana, coconuts, sweet-potatoes, spices; small numbers of cattle, sheep, pigs, goats; fish

Industrial production growth rate: -0.9% (1997 estimate)

Electricity – production: 115 million KWh (2005)

Electricity – consumption: 107 million KWh (2005)

Oil – consumption: 1,500 bbl/d (240 m3/d) (2005 estimate)

Current account balance: $-0.22 billion (2013 estimate)
$-0.19 billion (2012 estimate)

Reserves of foreign exchange and gold: $115 million (2013 estimate)
$111 million (2012 estimate)

2010 Index of Economic Freedom rank = 49th
​From Wikipedia

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St. Vincent and the Grenadines, Caribbean​​ – World Insurance Companies Logos

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