Resistance from native Caribs prevented colonization on Saint Vincent until 1719. France and England disputed the island for most of the 18th century, but it was ceded to England in 1783. The British prized Saint Vincent because of its fertile soil, which allowed for thriving slave-run plantations of sugar, coffee, indigo, tobacco, cotton, and cocoa. In 1834, the British abolished slavery. Immigration of indentured servants eased the ensuing labor shortage, as did subsequent immigrant waves from Portugal and East India. Conditions remained harsh for both former slaves and immigrant agricultural workers, however, as depressed world sugar prices kept the economy stagnant until the early 1900s. The economy then went into a period of decline, with many landowners abandoning their estates and leaving the land to be cultivated by liberated slaves.
Between 1960 and 1962, Saint Vincent and the Grenadines was a separate administrative unit of the Federation of the West Indies. Autonomy was granted in 1969 and independence in 1979. In 2021, the eruption of the La Soufrière volcano in the north of Saint Vincent destroyed much of Saint Vincent’s most productive agricultural lands. Unlike most of its tourism-dependent neighbors, the Vincentian economy is primarily agricultural.

East Caribbean dollars (XCD) per US dollar - 2.7 (2023 est.)
2.7 (2022 est.)
2.7 (2021 est.)
2.7 (2020 est.)
2.7 (2019 est.)