Economy - overview:
The island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries, with a surge in foreign direct investment in 2006, attributed to the construction of several tourism projects. Although crops such as bananas, mangos, and avocados continue to be grown for export, tourism provides Saint Lucia's main source of income and the industry is the island's biggest employer. Tourism is the main source of foreign exchange, although tourism sector revenues declined with the global economic downturn as US and European travel dropped in 2009. The manufacturing sector is the most diverse in the Eastern Caribbean area, and the government is trying to revitalize the banana industry, although recent hurricanes have caused exports to contract. Saint Lucia is vulnerable to a variety of external shocks including volatile tourism receipts, natural disasters, and dependence on foreign oil. The public debt-to-GDP ratio is about 77% and high debt servicing obligations constrain the KING administration's ability to respond to adverse external shocks. Economic fundamentals remain solid, even though unemployment needs to be reduced.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Saint Lucia on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Saint Lucia Economy 2012 information contained here. All suggestions for corrections of any errors about Saint Lucia Economy 2012 should be addressed to the CIA.
$2.142 billion (2011 est.)
country comparison to the world: 186
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$1.3 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
2% (2011 est.)
country comparison to the world: 154
[see also: GDP - real growth rate country ranks ]
$12,900 (2011 est.)
country comparison to the world: 93
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 4.1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 18.4%
[see also: GDP - composition by sector - industry country ranks ]
services: 77.5% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
79,700 (2007)
country comparison to the world: 183
[see also: Labor force country ranks ]
agriculture: 21.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 24.7%
[see also: Labor force - by occupation - industry country ranks ]
services: 53.6% (2002 est.)
[see also: Labor force - by occupation - services country ranks ]
20% (2003 est.)
country comparison to the world: 162
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
21.8% of GDP (2011 est.)
country comparison to the world: 94
[see also: Investment (gross fixed) country ranks ]
revenues: $320.9 million
[see also: Budget revenues country ranks ]
expenditures: $222.2 million (2010 est.)
[see also: Budget expenditures country ranks ]
24.7% of GDP (2010 est.)
country comparison to the world: 126
[see also: Taxes and other revenues country ranks ]
7.6% of GDP (2010 est.)
country comparison to the world: 9
[see also: Budget surplus (+) or deficit (-) country ranks ]
77% of GDP (2010 est.)
country comparison to the world: 25
[see also: Public debt country ranks ]
1.9% (2011 est.)
country comparison to the world: 17
[see also: Inflation rate (consumer prices) country ranks ]
6.5% (31 December 2010 est.)
country comparison to the world: 59
[see also: Central bank discount rate country ranks ]
10.2% (31 December 2011 est.)
country comparison to the world: 86
[see also: Commercial bank prime lending rate country ranks ]
$261.5 million (31 December 2011 est.)
country comparison to the world: 176
[see also: Stock of narrow money country ranks ]
$1.349 billion (31 December 2011 est.)
country comparison to the world: 159
[see also: Stock of broad money country ranks ]
$1.65 billion (31 December 2011 est.)
country comparison to the world: 138
[see also: Stock of domestic credit country ranks ]
bananas, coconuts, vegetables, citrus, root crops, cocoa
clothing, assembly of electronic components, beverages, corrugated cardboard boxes, tourism; lime processing, coconut processing
NA%
[see also: Industrial production growth rate country ranks ]
341.2 million kWh (2009 est.)
country comparison to the world: 164
[see also: Electricity - production country ranks ]
308 million kWh (2008 est.)
country comparison to the world: 169
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 132
[see also: Oil - production country ranks ]
3,000 bbl/day (2010 est.)
country comparison to the world: 178
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 209
[see also: Oil - exports country ranks ]
2,692 bbl/day (2009 est.)
country comparison to the world: 173
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 126
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 129
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 181
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 128
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 192
[see also: Natural gas - proved reserves country ranks ]
-$255.8 million (2011 est.)
country comparison to the world: 87
[see also: Current account balance country ranks ]
$162.3 million (2011 est.)
country comparison to the world: 186
[see also: Exports country ranks ]
bananas 41%, clothing, cocoa, vegetables, fruits, coconut oil
UK 19.4%, US 17.2%, Peru 8.9%, Antigua and Barbuda 8.6%, Dominica 8.3%, Barbados 7.5%, Trinidad and Tobago 7%, Grenada 5.7% (2010)
$535.4 million (2011 est.)
country comparison to the world: 188
[see also: Imports country ranks ]
food 23%, manufactured goods 21%, machinery and transportation equipment 19%, chemicals, fuels
Brazil 77.8%, US 11.4%, Trinidad and Tobago 4.8% (2010)
$150 million (31 December 2011 est.)
country comparison to the world: 172
[see also: Reserves of foreign exchange and gold country ranks ]
$381.8 million (31 December 2011 est.)
country comparison to the world: 170
[see also: Debt - external country ranks ]
East Caribbean dollars (XCD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12