Saint Vincent and the Grenadines, Economy and Government
British sovereign, East Caribbean dollar, House of Assembly, arrowroot, national budget
The country's economy is dominated by agriculture. In 1999 the national budget showed revenue of $100.4 million and expenditure of $116.7 million. Bananas are the leading crop. Other important crops include arrowroot, nutmeg and mace, and coconuts. Manufacturing is limited; products include cement, furniture, flour, and refined sugar. Tourism is a growing sector. The national currency is the East Caribbean dollar (2.70 E.C. dollars equal U.S.$1; 2000 average).
The governor-general represents the British sovereign, but actual power is exercised by a prime minister, who is responsible to the parliament. The parliament is the House of Assembly, consisting of 21 members; 15 are popularly elected, and 6 are appointed by the governor-general on recommendation from the prime minister and the opposition leader.
Article key phrases: