Economy - overview:
The island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries. Tourism is Saint Lucia's main source of jobs and income - accounting for 65% of GDP - and the island's main source of foreign exchange earnings. The manufacturing sector is the most diverse in the Eastern Caribbean area. Crops such as bananas, mangos, and avocados continue to be grown for export, but St. Lucia's once solid banana industry has been devasted by strong competition and by Hurricane Tomas in 2010. Saint Lucia is vulnerable to a variety of external shocks, including volatile tourism receipts, natural disasters, and dependence on foreign oil. Furthermore, high public debt - 78% of GDP in 2012 - and high debt servicing obligations constrain the ANTHONY administration's ability to respond to adverse external shocks. St. Lucia has experienced anemic growth since the onset of the global financial crisis in 2008, largely because of a slowdown in tourism.
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: 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: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Debt - external: Exchange rates: Fiscal year:
NOTE: 1) The information regarding Saint Lucia on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Saint Lucia Economy 2013 information contained here. All suggestions for corrections of any errors about Saint Lucia Economy 2013 should be addressed to the CIA.
$2.234 billion (2012 est.)
country comparison to the world: 190
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$1.259 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
0.7% (2012 est.)
country comparison to the world: 173
[see also: GDP - real growth rate country ranks ]
$13,300 (2012 est.)
country comparison to the world: 95
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 2.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
17%
services:
80.2% (2012 est.)
79,700 (2012)
country comparison to the world: 185
[see also: Labor force country ranks ]
agriculture: 21.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
24.7%
services:
53.6% (2002 est.)
20% (2003 est.)
country comparison to the world: 159
[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%
revenues: $185.2 million
[see also: Budget revenues country ranks ]
expenditures:
$222.2 million (2011 est.)
14.7% of GDP (2011 est.)
country comparison to the world: 190
[see also: Taxes and other revenues country ranks ]
-2.9% of GDP (2011 est.)
country comparison to the world: 104
[see also: Budget surplus (+) or deficit (-) country ranks ]
77% of GDP (2012 est.)
country comparison to the world: 30
[see also: Public debt country ranks ]
4.4% (2012 est.)
country comparison to the world: 123
[see also: Inflation rate (consumer prices) country ranks ]
6.5% (31 December 2010 est.)
country comparison to the world: 46
[see also: Central bank discount rate country ranks ]
10.4% (31 December 2012 est.)
country comparison to the world: 89
[see also: Commercial bank prime lending rate country ranks ]
$271.2 million (31 December 2012 est.)
country comparison to the world: 175
[see also: Stock of narrow money country ranks ]
$1.149 billion (31 December 2011 est.)
country comparison to the world: 166
[see also: Stock of broad money country ranks ]
$1.469 billion (31 December 2012 est.)
country comparison to the world: 145
[see also: Stock of domestic credit country ranks ]
bananas, coconuts, vegetables, citrus, root crops, cocoa
tourism; clothing, assembly of electronic components, beverages, corrugated cardboard boxes, lime processing, coconut processing
NA%
[see also: Industrial production growth rate country ranks ]
-$178.3 million (2012 est.)
country comparison to the world: 74
[see also: Current account balance country ranks ]
$209.6 million (2012 est.)
country comparison to the world: 184
[see also: Exports country ranks ]
bananas 41%, clothing, cocoa, avacados, mangoes, coconut oil
Colombia 21%, US 14.9%, Peru 8.5%, Antigua and Barbuda 8.1%, Dominica 7.9%, Barbados 7.1%, Trinidad and Tobago 6.6%, UK 5.6%, Grenada 5.4% (2011)
$526.2 million (2012 est.)
country comparison to the world: 189
[see also: Imports country ranks ]
food 23%, manufactured goods 21%, machinery and transportation equipment 19%, chemicals, fuels
Brazil 78.8%, US 8.4%, Trinidad and Tobago 5.1% (2011)
$471.4 million (31 December 2012 est.)
country comparison to the world: 171
[see also: Debt - external country ranks ]
East Caribbean dollars (XCD) per US dollar -
1 April - 31 March
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 11-Mar-13