Economic growth in St. Vincent and the Grenadines (SVG) increased in 2018, driven by increased tourist arrivals, and a surge in regional demand for manufactured building materials in the aftermath of the devastating 2017 Atlantic hurricane season. The fishing sector also contributed to growth, registering an increase in fish landings. Growth was accompanied by steady inflation.
The fiscal deficit remained low following narrowing in recent years, as the Government of St. Vincent and the Grenadines (GOSVG) continued efforts to stabilise public finances and improve debt sustainability. In May, Moody’s Rating Services maintained SVG’s B3 rating and stable outlook.