Saint Vincent and the Grenadines: Unemployment rate

The latest value from 2024 is 18.06 percent, a decline from 18.57 percent in 2023. In comparison, the world average is 6.80 percent, based on data from 176 countries. Historically, the average for Saint Vincent and the Grenadines from 1991 to 2024 is 19.68 percent. The minimum value, 18.06 percent, was reached in 2024 while the maximum of 21.1 percent was recorded in 2001. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The unemployment rate in Saint Vincent and the Grenadines and other countries is defined as the number of unemployed people as percent of the labor force. The labor force includes the people who are either employed or unemployed, i.e. who don't have a job but are actively looking for one. The labor force does not include people who are not looking for work, children, and the retired.

The unemployment rate seldom declines below 4-5 percent even during boom times. There are always people who move between different sectors of the economy or between cities. When the economy goes into recession, then unemployment can reach much higher numbers, sometimes even in the double digits.

Definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment.