The economy of Saint Vincent and the Grenadines is largely based on agriculture which is dominated by banana production. The services sector, based mostly on a growing tourist industry, is also important.
Kingstown is the chief port of Saint Vincent, and the capital of Saint Vincent and the Grenadines. Kingstown is a centre for the island’s agricultural industry and a port of entry for tourists. Exports include bananas, coconuts, and arrowroot.
Kingstown has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.