Country profile · Issue No. 05 · October 2026
Saint Vincent and the Grenadines.
VCTSaint Vincent and the Grenadines's row in the Caribbean Debt Tracker. Five metrics, the stated fiscal anchor, current IMF engagement, and the primary sources behind every figure. Last verified 2026-10-08.
- Debt to GDP
- 120.1%
- Primary balance
- -8.2%
- Real GDP growth
- 2.8%
as of 2026
IMF public sector debt (2026 Article IV Table 1), which for this country coincides with the WEO general government series at 120.1% for 2026. A projection, not an outturn. The 2025 estimate is 113.1%. Rating-agency coverage is narrower and not comparable: Moody's reports government debt around 103% of GDP for 2025.
% of GDP
2026 projection
Two readings
The official figure and the IMF figure, side by side.
Where a second reading of a headline figure exists in print, it is shown here. What the government publishes is the official record. The IMF is an independent view of the same economy. A gap bar is drawn only where the two are measuring the same thing over the same period, so that the distance between the dots is a genuine difference of judgement. Where the measure or the period differs, the figures sit side by side without a bar, and the difference is named instead.
Debt to GDP
120.1%
This tracker's headline figure.
109.0%
Total public sector debt on the ECCB compilation, stock at 31 December 2025, revised. Published 4 September 2026 (ECCB Economic and Financial Review June 2026, Table 1).
Not a like-for-like gap: the two readings differ in period (an end-2025 stock against the calendar 2026 projection in the headline). No bar is drawn, because the distance between them is not a disagreement.
Updated at Issue No. 04, replacing the 110.3 per cent this row carried from the February 2026 Budget Address, which was preliminary. For the same end-2025 date the Fund estimates 113.1, so the two authors differ by 4.1 points on where the ratio already stands, before any projection begins. The ECCB notes its own figure is 7.1 points above the initial estimate for the year, so the revision is upward against its own earlier reading even as it comes in below the Fund's.
Second reading: ECCB, Economic and Financial Review June 2026, Saint Vincent and the Grenadines
Primary balance
-8.2%
This tracker's headline figure.
-8.9%
Central government primary balance, calendar 2025, revised outturn. Published 4 September 2026 (ECCB Economic and Financial Review June 2026, Table 1).
Not a like-for-like gap: the two readings differ in period (a 2025 outturn against the 2026 projection in the headline). No bar is drawn, because the distance between them is not a disagreement.
The Fund estimated -8.5 for 2025 and the ECCB now reports -8.9. Both authors agree the deficit narrowed from 2024 as post-Beryl rebuilding tapered, and both expect it to widen again in 2026.
Second reading: ECCB, Economic and Financial Review June 2026, Saint Vincent and the Grenadines
Fiscal anchor
ECCU regional benchmark: public debt to 60% of GDP by 2035.
IMF programme status
Surveillance only, no active IMF financing arrangement identified in the 2026 Article IV documents. Outstanding credit of SDR 18.7m at 31 March 2026 reflects legacy RCF/RFI emergency disbursements (2020 COVID, 2021 La Soufriere), not an arrangement.
Notes
ISSUE No. 05: checked, no figure moved. No IMF, Eastern Caribbean Central Bank or Ministry of Finance publication on Saint Vincent and the Grenadines dated between 8 September and 8 October 2026 was found. ISSUE No. 04 UPDATE. No headline figure moved. The Eastern Caribbean Central Bank published its Economic and Financial Review June 2026 on 4 September 2026, putting the debt ratio at 109.0% of GDP at end-2025 and the primary deficit at 8.9% of GDP for the same year, and expecting both the overall and primary deficits to deteriorate in 2026 before improving modestly in 2027. Its second reading of the end-2025 debt stock replaces the 110.3% preliminary figure from the February Budget Address that this row carried through Issue No. 03. FLAGGED, NOT FILED: one line of that ECCB report states the ECCU long-term debt target as 65.0 per cent of GDP by 2035. Every other statement of the target in the same document, and in the ECCB reports for the other five members published the same day, gives 60.0 per cent, which is also what this tracker carries. It is treated as an error in that one sentence rather than a change of anchor, and the anchor on this row is unchanged. Earlier context follows. Debt ratio reached 113% of GDP in 2025. Under unchanged policies the IMF projects the ratio rises to roughly 145% of GDP by 2031, well above the ECCU 60% benchmark. Growth moderated to 3.7% in 2025 and is expected to decelerate further toward 2.7% in the medium term. Staff judge that the primary balance would have to improve by some 11 percentage points of GDP across 2027–29 to put debt on a downward path. Press Release 26/205 Table 1 prints the primary balance series directly: -12.8% in 2024, -8.5% estimated for 2025 and -8.2% projected for 2026. This row carries the 2026 projection, matching the year of the debt and growth figures beside it. The same table gives public sector debt of 113.1% in 2025 rising to 120.1% in 2026 and 144.5% by 2031, and real GDP growth of 3.7% in 2025 easing to 2.8% in 2026. The Executive Board concluded the 2026 Article IV consultation on 12 June 2026. The authorities requested more time to consider publication of the full staff report, so the press release table is the most detailed published source.
Sources
Last verified · 2026-10-08
- IMF Press Release 26/130, Saint Vincent and the Grenadines Article IV mission, 28 April 2026
- IMF Press Release 26/205, Saint Vincent and the Grenadines, IMF Executive Board Concludes 2026 Article IV Consultation, 12 June 2026
- Eastern Caribbean Central Bank, Economic and Financial Review June 2026, Saint Vincent and the Grenadines, published 4 September 2026 (Table 1: 2025 debt-to-GDP 109.0%, primary balance -8.9%)
All 11 economies
Read the full Tracker.
The same five metrics across the Caribbean Community, with the regional aggregate panel and the methodology. Monthly, with every row re-verified against its primary sources each issue. Issue No. 06 follows in November 2026.