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Saint Vincent and the Grenadines

Introduction to Saint Vincent and the Grenadines

Disputed between France and the United Kingdom in the 18th century, Saint Vincent was ceded to the latter in 1783. Autonomy was granted in 1969 and independence in 1979.

Government

Capital:

Kingstown 

Independence:

27 October 1979 (from UK) 

National holiday:

Independence Day, 27 October (1979) 

Economy

Economy overview:

Economic growth in this lower-middle-income country hinges upon seasonal variations in the agricultural and tourism sectors. Tropical storms wiped out substantial portions of crops in 1994, 1995, and 2002, and tourism in the Eastern Caribbean has suffered low arrivals following 11 September 2001. Saint Vincent is home to a small offshore banking sector and has moved to adopt international regulatory standards. Saint Vincent is also a large producer of marijuana and is being used as a transshipment point for illegal narcotics from South America. 

GDP:

purchasing power parity - $342 million (2002 est.) 

GDP - composition by sector:

agriculture: 10%
industry: 26%
services: 64% (2001 est.) 

Agriculture products:

bananas, coconuts, sweet potatoes, spices, small numbers of cattle, sheep, pigs, goats, fish 

Industries:

food processing, cement, furniture, clothing, starch 

Transportation

Highways:

total: 1,040 km
paved: 320 km
unpaved: 720 km (1999 est.)

Ports and harbors:

Kingstown

Merchant marine:

total: 704 ships (1,000 GRT or over) 5,967,418 GRT/9,041,023 DWT
registered in other countries: 25 (2003 est.)
by type: bulk 120, cargo 346, chemical tanker 19, combination bulk 10, combination ore/oil 1, container 51, liquefied gas 5, livestock carrier 4, multi-functional large load carrier 4, passenger 8, petroleum tanker 31, refrigerated cargo 45, roll on/roll off 42, short-sea/passenger 9, specialized tanker 8, vehicle carrier 1
foreign-owned: Albania 1, Angola 2, Argentina 1, Australia 3, Bangladesh 3, Barbados 2, Belgium 3, Bulgaria 16, China 114, Colombia 1, Croatia 7, Cyprus 2, Denmark 13, Egypt 5, Estonia 13, France 17, Germany 10, Greece 134, Guyana 8, Hong Kong 15, Iceland 7, India 5, Indonesia 1, Israel 3, Italy 21, Kenya 5, South Korea 4, Latvia 7, Lebanon 9, Liberia 5, Lithuania 3, Malta 4, Isle of Man 1, Marshall Islands 3, Mexico 2, Monaco 6, Netherlands 9, Nigeria 8, Norway 32, Pakistan 6, Panama 3, Poland 3, Portugal 1, Puerto Rico 2, Romania 2, Russia 21, Saint Kitts and Nevis 1, Saint Lucia 1, Saudi Arabia 3, Singapore 5, Slovenia 7, Spain 1, Sweden 9, Switzerland 8, Syria 6, Taiwan 1, Thailand 1, Trinidad and Tobago 1, Turkey 23, Ukraine 8, United Kingdom 11, United States

Airports:

6 (2003 est.)

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