Gross Domestic Product Per Capita for Saint Vincent and the Grenadines
PCAGDPVCA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,501.23
Year-over-Year Change
71.31%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the total output of goods and services produced in Saint Vincent and the Grenadines divided by its population, providing a metric for the country's economic productivity and standard of living.
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
Gross Domestic Product (GDP) per capita is a key indicator of a country's economic development and standard of living. It represents the average value of all final goods and services produced within a nation, divided by its total population. This metric is widely used by economists and policymakers to assess a country's economic performance and progress.
Methodology
The data is collected and calculated by the World Bank based on national accounts and population statistics.
Historical Context
GDP per capita is a critical metric for evaluating a country's economic health and informing policy decisions.
Key Facts
- Saint Vincent and the Grenadines is an island country in the Caribbean Sea.
- Its GDP per capita was $7,585.65 in 2021.
- The country's GDP per capita has grown by 23% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Saint Vincent and the Grenadines divided by its population, providing a metric for the country's economic productivity and standard of living.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's economic development and is widely used by economists and policymakers to assess a nation's economic performance and progress.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and population statistics.
Q: How is this trend used in economic policy?
A: GDP per capita is a critical metric for evaluating a country's economic health and informing policy decisions related to economic growth, development, and standards of living.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months due to the time required to collect and process the information.
Related Trends
Value of Exports to Saint Vincent and the Grenadines from Tennessee
TNVCTA052SCEN
Number of Identified Exporters to Saint Vincent and the Grenadines from Mississippi
MSVCTA475SCEN
Number of Identified Exporters to Saint Vincent and the Grenadines from North Carolina
NCVCTA475SCEN
Population ages 65 and above for Saint Vincent and the Grenadines
SPPOP65UPTOZSVCT
Infant Mortality Rate for Saint Vincent and the Grenadines
SPDYNIMRTINVCT
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for St. Vincent and the Grenadines
SVGFCSODCHGGDPPT
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Saint Vincent and the Grenadines (PCAGDPVCA646NWDB), retrieved from FRED.