Saint Vincent and the Grenadines

Saint Vincent and the Grenadines demonstrates the volatility inherent in small island economies dependent on agriculture and tourism—two sectors maximally exposed to climate disruption. GDP reached $1.16 billion in 2024, with 4.1% growth representing a slowdown from 5.3% in 2023 due to Hurricane Beryl, which caused $230.6 million in losses (22% of 2023 GDP). The agriculture sector collapsed by 11.9% in 2024 after contracting 5% in 2023 and 6.8% in 2022—a sustained decline reflecting both climate impacts and structural challenges in banana production. Tourism remained resilient, benefiting from new resort openings and airline routes. Per capita GDP rose to $11,132 in 2025, up 6.4% from $10,459. FDI reached $74 million in 2023 (6.9% of GDP), primarily targeting tourism infrastructure and real estate. The 2025 outlook projects 4.4% growth with agricultural recovery. As an OECS member, the country participates in regional integration providing some economic buffering. Yet the fundamental fragility persists: a single Category 4 hurricane can erase a quarter of annual output. Success hinges upon seasonal variations in agriculture and tourism, remittances from diaspora populations, and construction activity—a volatile combination that makes long-term planning nearly impossible while requiring exactly such planning for climate resilience.