Severe volcanic activity, which began in July 1995, has put a damper on this small, open economy. A catastrophic eruption in June 1997 closed the airport and seaports, causing further economic and social dislocation. Two-thirds of the 12,000 inhabitants fled the island. Some began to return in 1998 but lack of housing limited the number. The agriculture sector continued to be affected by the lack of suitable land for farming and the destruction of crops. Prospects for the economy depend largely on developments in relation to the volcanic activity and on public sector construction...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Nominal Gross Domestic Product | 2022 | 195,110,000 | 190,470,000 | XCD | Annual |
Private Consumption | 2015 | 143,940,000 | 131,240,000 | XCD | Annual |
Nominal Fixed Investment (gross fixed capital formation) | 2015 | 27,120,000 | 44,280,000 | XCD | Annual |
Investment | 2015 | 27,120,000 | 44,280,000 | XCD | Annual |
Government Consumption | 2014 | 92.62 | 85.67 | Mil. XCD | Annual |
Real Gross Domestic Product | 2009 | 105.49 | 101.82 | Index 2005=100 | Annual |
Labor | Reference | Last | Previous | Units | Frequency |
Wage & Salaries | 2016 Q2 | 10.45 | 10.65 | Mil. NCU | Quarterly |
Trade | Reference | Last | Previous | Units | Frequency |
Current Account Balance | 2022 | -8,279,630 | -13,290,620 | USD | Annual |
Exports of Goods | 2022 | 6,650,553 | 8,438,423 | USD | Annual |
Imports of Goods | 2022 | 34,935,181 | 32,148,037 | USD | Annual |
Balance of Goods | 2022 | -28,284,628 | -23,709,614 | USD | Annual |
Exports of Goods and Services | 2015 | 45,000,000 | 45,520,000 | XCD | Annual |
Imports of Goods and Services | 2015 | 135,310,000 | 142,240,000 | XCD | Annual |
Markets | Reference | Last | Previous | Units | Frequency |
Money Market Rate | Jun 2016 | 6.89 | 6.89 | % p.a., NSA | Monthly |
Lending Rate | Feb 2013 | 6.5 | 6.5 | % - End of period | Monthly |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2050 | 5,707 | 5,722 | Person, NSA | Annual |