Economy Of Saint Vincent And The Grenadines
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Economy Of Saint Vincent And The Grenadines
The economy of Saint Vincent and the Grenadines is heavily dependent on agriculture, being the world's leading producer of arrowroot and grows other exotic fruit, vegetables and root crops. Bananas alone account for upwards of 60% of the work force and 50% of merchandise exports in Saint Vincent and the Grenadines. Such reliance on a single crop makes the economy vulnerable to external factors. St. Vincent's banana growers benefited from preferential access to the European market. In view of the European Union's announced phase-out of this preferred access, economic diversification is a priority. Tourism has grown to become a very important part of the economy. In 1993, tourism supplanted banana exports as the chief source of foreign exchange. The Grenadines have become a favourite of the up-market yachting crowd. The trend toward increasing tourism revenues will likely continue. In 1996, new cruise ship and ferry berths came on-line, sharply increasing the number of passenger ar ...
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Eastern Caribbean Dollar
The Eastern Caribbean dollar (currency symbol, symbol: EC$; ISO 4217, code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed since 1965, and it is normally abbreviated with the dollar sign ''$'' or, alternatively, ''EC$'' to distinguish it from other dollar-denominated currencies. The EC$ is subdivided into 100 cent (currency), cents. It has been Fixed exchange rate system, pegged to the United States dollar since 7 July 1976, at the exchange rate of = .70. Circulation Six of the states using the EC$ are independent states: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. The other two, Anguilla and Montserrat, are British Overseas Territories. These states are all members of the Eastern Caribbean Currency Union. Other associate members of the OECS do not use the Eastern Car ...
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Clothing
Clothing (also known as clothes, garments, dress, apparel, or attire) is any item worn on a human human body, body. Typically, clothing is made of fabrics or textiles, but over time it has included garments made from animal skin and other thin sheets of materials and natural products found in the environment, put together. The wearing of clothing is mostly restricted to human beings and is a feature of all human societies. The amount and type of clothing worn depends on gender, body type, social factors, and geographic considerations. Garments cover the body, footwear covers the feet, gloves cover the hands, while hats and headgear cover the head, and underwear covers the intimate parts. Clothing serves many purposes: it can serve as protection from the elements, rough surfaces, sharp stones, rash-causing plants, and insect bites, by providing a barrier between the skin and the environment. Clothing can insulate against cold or hot conditions, and it can provide a hygienic barrie ...
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Caribbean Community
The Caribbean Community (abbreviated as CARICOM or CC) is an intergovernmental organisation that is a Political association, political and economic union of 15 member states (14 nation-states and one dependency) and five associated members throughout the Americas, the Caribbean and Atlantic Ocean. It has the primary objective to promote economic integration and cooperation among its members, ensure that the benefits of integration are equitably shared, and coordinate foreign policy. The organisation was established in 1973, by its four founding members signing the Treaty of Chaguaramas. The secretariat headquarters is in Georgetown, Guyana. CARICOM has been granted the official United Nations General Assembly observers, United Nations General Assembly observer status. History CARICOM, originally The Caribbean Community and Common Market, was established by the Treaty of Chaguaramas which took effect on 1 August 1973. Founding states were Barbados, Jamaica, Guyana and Trinidad ...
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Caribbean Basin Initiative
The Caribbean Basin Initiative (CBI), a trade initiative initiated by the 1983 Caribbean Basin Economic Recovery Act (CBERA), is a United States program. The CBI came into effect on January 1, 1984, and aimed to provide several tariff and trade benefits to many Central American and Caribbean countries. Provisions in the CBERA prevented the United States from extending preferences to CBI countries that it judged to be contrary to its interests or that had expropriated American property. The Caribbean Basin Economic Recovery Expansion Act of 1990, known as "CBI II", made the CBI permanent. However, once the United States entered into the North American Free Trade Agreement (NAFTA) in 1994 with Mexico it became easier for Mexico to export its products to the United States. CBI countries had lost their advantage relative to Mexico, a major competitor in industries such as textiles and apparel, so they sought to increase their own preferences and achieve "NAFTA parity". Those efforts we ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ...
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Tourism
Tourism is travel for pleasure, and the Commerce, commercial activity of providing and supporting such travel. World Tourism Organization, UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only", as people "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure and not less than 24 hours, business and other purposes". Tourism can be Domestic tourism, domestic (within the traveller's own country) or International tourism, international. International tourism has both incoming and outgoing implications on a country's balance of payments. Between the second half of 2008 and the end of 2009, tourism numbers declined due to a severe Economy, economic slowdown (see Great Recession) and the outbreak of the 2009 2009 flu pandemic, H1N1 influenza virus. These numbers, however, recovered until the COVID-19 pandemic put an abrupt end to th ...
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European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ...
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Saint Vincent And The Grenadines
Saint Vincent and the Grenadines, sometimes known simply as Saint Vincent or SVG, is an island country in the eastern Caribbean. It is located in the southeast Windward Islands of the Lesser Antilles, which lie in the West Indies, at the southern end of the eastern border between the Caribbean Sea and the Atlantic Ocean. To the north lies Saint Lucia, to the east is Barbados, and Grenada lies to the south. Spanning a land area of , most of its territory consists of the northernmost island of Saint Vincent, which includes the capital and largest city, Kingstown. To the south lie two-thirds of the northern part of the Grenadines, a chain of 32 smaller islands; the remaining southern third make up Grenada. Seven of the islands are inhabited, of which the largest and most populous are Bequia, Mustique, Canouan, and Union Island. With an estimated population of around 110,872, Saint Vincent and the Grenadines has a population density of over 300 inhabitants/km2 (700 per sq ...
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Banco De San Vicente Y Granadinas (Kingstown)
Banco may refer to: Places * Banc (Barcelona Metro), also called Banco, a closed metro stop on the Barcelona metro * Banco, Virginia, an unincorporated community * Banco, West Virginia, an unincorporated community * Banco National Park, a national park in Côte d'Ivoire Arts and architecture * ''Banco'' (Banco del Mutuo Soccorso album), 1975 album by Italian progressive rock band Banco del Mutuo Soccorso * ''Banco'' (Sir Michael Rocks album), 2014 album by American rapper Sir Michael Rocks * ''Banco'' (novel), 1972 autobiography by Henri Charrière * Banco architecture, a West African type of mudbrick, and the architecture made with it * Banco (building material); fermented mud; made by fermenting mud with rice husks * Banco (typeface), a decorative typeface * Banco, an alternate Spanish spelling of bangka (boat) of the Philippines * Banco, another name for the parlor game Bunco * Banco, part of the ''nomenclature'' of the game known commonly as Baccarat Other * Banco, a histo ...
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The Observatory Of Economic Complexity
The Observatory of Economic Complexity (OEC) is an online data visualization and distribution platform for international trade data designed and owned bDatawheel Through interactive visualizations, the OEC aims to make global trade data accessible and understandable. The site consists of a series of periodically updated profiles dedicated to exploring trade data for countries and their regions, companies, products, and international organizations. It also features bilateral profiles that allow exploring the trade relationships between different countries and between countries and products. The platform has developed an arrangement of tools dedicated to exploring trade datasets and making data cuts with its Data, Company, and Trend Explorers or building custom visualizations with its Viz builder. The OEC also features economic complexity data through indicators, maps, rankings, and publications, making it a resource for researchers, trade experts, businesses, students, and other ...
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Tennis Racquet
A racket or racquet is an item of sporting equipment used to strike a ball or shuttlecock in a variety of sports. A racket consists of three major components: a widened distal end known as the ''head'', an elongated handle known as the ''grip'', and a reinforced connection between the head and handle known as the ''throat'' or ''heart''. The head of the racket forms a flattened firm surface, known as the ''face'', which is used to strike the ball or shuttlecock. In the strictest sense, the word "racket" specifically refers to a striking implement with a mesh face made of interlaced, tightly stretched strings fixed on an ovoid frame known as the ''rim''. This type of racket is used in sports such as tennis, badminton, and racquetball. Some rackets have a rigid one-piece head with a solid or fenestrated face instead of a meshwork of strings. Such rackets are called a paddle or bat, and are used in sports such as table tennis, pickleball and padel. Collectively, sporting games u ...
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Arrowroot
Arrowroot is a starch obtained from the rhizomes (rootstock) of several tropical plants, traditionally ''Maranta arundinacea'', but also Florida arrowroot from ''Zamia integrifolia'', and tapioca from cassava (''Manihot esculenta''), which is often labeled arrowroot. Polynesian arrowroot or pia (''Tacca leontopetaloides''), from Palawan-Philippines arrowroot ("uraro/araro"), Guyana arrowroot (''Dioscorea alata''), Japanese arrowroot (''Pueraria lobata''), also called kudzu, and purple arrowroot ''Canna indica'', are used in similar ways. In Odisha, India, it is called ପାଳୁଅ (paḷua). History Archaeological studies in the Americas show evidence of arrowroot cultivation as early as 7,000 years ago. The name may come from ''aru-aru'' (meal of meals) in the language of the Caribbean Arawak peoples, Arawak people, for whom the plant was a staple. It has also been suggested that the name comes from arrowroot's use in treating Arrow_poison, poison-arrow wounds, as it draws o ...
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