Export Impact For Good

 
Countries / Territories

Saint Vincent and the Grenadines

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Country Brief

Part of the Organization of Eastern Caribbean States, CARICOM, the Commonwealth of Nations the Bolivarian Alliance for the Americas and the Community of Latin American and the Caribbean States (CELAC), Saint Vincent and the Grenadines is a small economy ranked 199th in the word (out of 229) in terms of GDP. Three quarters of its GDP comes from the services sector. Its seasonal economy is mostly based on agriculture, tourism and construction. Most of the country lies within the Hurricane Belt; tropical storms have continually wiped out crops. Bananas have continued to be the main production in spite of the efforts of the government to diversify. Recently the country has moved to adopt international regulatory standards of its offshore banking sector.

In 2007, ITC supported the country to develop its National Export Strategy and based on the ITC 2014-2018 Strategic Approach to the Caribbean Region, ITC will focus on implementing at regional level the recommendations of strategies recently developed by CARICOM for the cultural industries and professional services sectors.