Balanced trade in services in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines: Balanced trade in services was 0.3774 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Saint Vincent and the Grenadines, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
In 2024, balanced trade in services in Saint Vincent and the Grenadines stood at 0.3774 US dollars, exchange rate converted. That is the highest value across all 20 years on record.
The figure is up 8.8% on the previous year and up 54.7% over ten years.
Over the whole period, balanced trade in services in Saint Vincent and the Grenadines peaked at 0.3774 US dollars, exchange rate converted in 2024 and was at its lowest, 0.1617 US dollars, exchange rate converted, in 2020.
That places Saint Vincent and the Grenadines 153rd out of 174 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Saint Vincent and the Grenadines, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.1745 US dollars, exchange rate converted | — |
| 2006 | 0.1798 US dollars, exchange rate converted | +3.0% |
| 2007 | 0.2077 US dollars, exchange rate converted | +15.5% |
| 2008 | 0.2172 US dollars, exchange rate converted | +4.6% |
| 2009 | 0.2066 US dollars, exchange rate converted | -4.9% |
| 2010 | 0.2015 US dollars, exchange rate converted | -2.5% |
| 2011 | 0.1949 US dollars, exchange rate converted | -3.3% |
| 2012 | 0.2139 US dollars, exchange rate converted | +9.7% |
| 2013 | 0.2308 US dollars, exchange rate converted | +7.9% |
| 2014 | 0.2439 US dollars, exchange rate converted | +5.7% |
| 2015 | 0.2513 US dollars, exchange rate converted | +3.0% |
| 2016 | 0.2617 US dollars, exchange rate converted | +4.1% |
| 2017 | 0.2651 US dollars, exchange rate converted | +1.3% |
| 2018 | 0.2828 US dollars, exchange rate converted | +6.7% |
| 2019 | 0.2837 US dollars, exchange rate converted | +0.3% |
| 2020 | 0.1617 US dollars, exchange rate converted | -43.0% |
| 2021 | 0.2179 US dollars, exchange rate converted | +34.8% |
| 2022 | 0.2983 US dollars, exchange rate converted | +36.9% |
| 2023 | 0.3468 US dollars, exchange rate converted | +16.2% |
| 2024 | 0.3774 US dollars, exchange rate converted | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1972 US dollars, exchange rate converted | 0.1745 US dollars, exchange rate converted | 0.2172 US dollars, exchange rate converted | 5 |
| 2010s | 0.243 US dollars, exchange rate converted | 0.1949 US dollars, exchange rate converted | 0.2837 US dollars, exchange rate converted | 10 |
| 2020s | 0.2804 US dollars, exchange rate converted | 0.1617 US dollars, exchange rate converted | 0.3774 US dollars, exchange rate converted | 5 |
Countries ranked near Saint Vincent and the Grenadines
- 150 Maldives 0.4438 US dollars, exchange rate converted compare
- 151 Montenegro 0.3884 US dollars, exchange rate converted compare
- 152 Togo 0.3782 US dollars, exchange rate converted compare
- 154 Lao People's Democratic Republic 0.3765 US dollars, exchange rate converted compare
- 155 Faroe Islands 0.3741 US dollars, exchange rate converted compare
- 156 Burundi 0.3683 US dollars, exchange rate converted compare
More economy & growth data for Saint Vincent and the Grenadines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.61 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.7 Percent per annum (2029)
- GNI (current LCU), annual growth rate 5.44 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 2.65 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 33,240 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -362.99 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -362.99 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 11.94 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.151 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 1,897 current US$ per person (2025)
Frequently asked questions
- What is balanced trade in services in Saint Vincent and the Grenadines?
- Balanced trade in services in Saint Vincent and the Grenadines was 0.3774 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Saint Vincent and the Grenadines?
- The highest recorded value was 0.3774 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Saint Vincent and the Grenadines?
- The lowest recorded value was 0.1617 US dollars, exchange rate converted in 2020.
- How does Saint Vincent and the Grenadines rank for balanced trade in services?
- Saint Vincent and the Grenadines ranks 153rd out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Saint Vincent and the Grenadines?
- Over the last ten years it is up 54.7%. The long-run trend across the full record is rising.
- Where does this Saint Vincent and the Grenadines data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html