St. Vincent and the Grenadines's fuel exports (% of merchandise exports) was 0.03% in 2023, the latest year in the World Bank's World Development Indicators. That is up 0.03 percentage points from 0.00118% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.03% | 2023 |
| Five years earlier | 0.000157% | 2018 |
| Ten years earlier | 0.00118% | 2013 |
| Highest | 1.57% | 1980 |
| Lowest | 0% | 1993 |
| Average since 2014 | 0.02% | 2014–2023 |
| First recorded | 0.000022% | 1976 |
What the numbers say
In 2023, St. Vincent and the Grenadines' fuel exports (% of merchandise exports) fell 0.1 percentage points on 2022 (from 0.13% to 0.03%).
Across the 29 yearly changes before that (1994 to 2022), the average change was +0 percentage points and a typical year strayed about 0.02 percentage points from that (the standard deviation). This year's change was 4.2 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 0.12 percentage points in 2022 and the biggest yearly fall was 0.1 percentage points in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 0.00722 percentage points a year. A straight line explains 31% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, St. Vincent and the Grenadines had the 20th highest value of the 23 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| St. Vincent and the Grenadines | 0.03% | 2023 |
| World | 9.47% | 2025 |
| Latin America & Caribbean | 8.8% | 2025 |
| Upper middle income | 5.17% | 2025 |
Closest to St. Vincent and the Grenadines in the 2023 ranking
- West Bank and Gaza — 16th of 23: 0.09%
- Aruba — 17th of 23: 0.06%
- Ethiopia — 18th of 23: 0.03%
- Dominica — 20th of 23: 0.00753%
- Comoros — 21st of 23: 0.00485%
- Cabo Verde — 22nd of 23: 0%
What this measures
Fuels comprise the commodities in SITC (Rev. 3) section 3 (mineral fuels, lubricants and related materials). This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.
Limitations: Previous editions contained data based on the SITC revision 1. Data for earlier years in previous editions may differ because of the change in methodology. Concordance tables are available to convert data reported in one system to another.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 33 values
| Year | Fuel exports (% of merchandise exports) |
|---|---|
| 2023 | 0.0297 |
| 2022 | 0.1272 |
| 2021 | 0.009 |
| 2020 | 0.0006 |
| 2019 | 0.0355 |
| 2018 | 0.0002 |
| 2017 | 0 |
| 2016 | 0.0075 |
| 2015 | 0.0009 |
| 2014 | 0.0005 |
| 2013 |
Fuel exports (% of merchandise exports) in nearby economies
- Antigua and Barbuda — 0% (2024)
- Argentina — 9.1% (2025)
- Aruba — 0.06% (2023)
- Bahamas, The — 0% (2024)
- Barbados — 4.79% (2025)
- Belize — 0.00968% (2025)
- Bolivia — 11.67% (2025)
- Brazil — 16.12% (2025)
- Chile — 0.88% (2025)
- Colombia — 34.9% (2025)
- Costa Rica
More private sector & trade data for St. Vincent and the Grenadines
- Merchandise trade (% of GDP) — 43.5% (2025)
- Merchandise imports (current US$) — US$509 million (2025)
- Merchandise exports (current US$) — US$37 million (2025)
- Insurance and financial services (% of commercial service imports) — 13.5% (2025)
- Computer, communications and other services (% of commercial service imports) — 22.01% (2025)
- Commercial service imports (current US$) — US$209.19 million (2025)
- Transport services (% of commercial service imports) — 44.28% (2025)
- Travel services (% of commercial service imports)
Reading data like this
Questions people ask
- What is St. Vincent and the Grenadines's fuel exports (% of merchandise exports)?
- 0.03% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 0.03 percentage points from 0.000022% in 1976. The highest value was 1.57% in 1980 and the lowest 0% in 1993.
- How does St. Vincent and the Grenadines rank?
- 20th highest of 23 economies with data for 2023.
- Is the latest change in fuel exports (% of merchandise exports) unusual for St. Vincent and the Grenadines?
- In 2023, St. Vincent and the Grenadines' fuel exports (% of merchandise exports) fell 0.1 percentage points on 2022 (from 0.13% to 0.03%). Across the 29 yearly changes before that (1994 to 2022), the average change was +0 percentage points and a typical year strayed about 0.02 percentage points from that (the standard deviation). This year's change was 4.2 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator TX.VAL.FUEL.ZS.UN, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Comtrade database, United Nations (UN), publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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