Saint Lucia (St. Lucia) Economic Statistics and Indicators

31, Oct 2020, EDT. Welcome to the Saint Lucia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Saint Lucia (St. Lucia) › Change country
National or Regional Currency: East Caribbean Dollar, CXD
Year of data: 2015 › Change year
Number of Indicators Listed: 36
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 163,362 (July 2014 est.)
Area: total: 616 sq km ; land: 606 sq km ; water: 10 sq km
Natural Resources: forests, sandy beaches, minerals (pumice), mineral springs, geothermal potential
Capital: name: Castries ; geographic coordinates: 14 00 N, 61 00 W ; time difference: UTC-4 (1 hour ahead of Washington, DC, during Standard Time)

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 devastated by strong competition. 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 - 77% 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 - airlines cut back on their routes to St. Lucia in 2012. Also, St. Lucia introduced a value added tax in 2012 of 15%, becoming the last country in the Eastern Caribbean to do so. In 2013, the government introduced a National Competitiveness and Productivity Council to address St. Lucia's high public wages and lack of productivity.

GDP (Constant Prices, National Currency) for Saint Lucia in year 2015 is CXD 2.99 Billion.

GDP Growth (Constant Prices, National Currency) for Saint Lucia in year 2015 is 1.58 %.

GDP (Current Prices, National Currency) for Saint Lucia in year 2015 is CXD 3.824 Billion.

GDP (Current Prices, US Dollars) for Saint Lucia in year 2015 is US$ 1.416 Billion.

GDP Deflator for Saint Lucia in year 2015 is 127.917 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Saint Lucia in year 2015 is CXD 17,291.15 .

GDP Per Capita (Current Prices, National Currency) for Saint Lucia in year 2015 is CXD 22,118.36 .

GDP Per Capita (Current Prices, US Dollars) for Saint Lucia in year 2015 is US$ 8,191.98 .

GDP (PPP), US Dollars for Saint Lucia in year 2015 is US$ 2.03 Billion.

GDP Per Capita (PPP), US Dollars for Saint Lucia in year 2015 is US$ 11,738.80 .

GDP Share of World Total (PPP) for Saint Lucia in year 2015 is 0.002 %.

Implied PPP Conversion Rate for Saint Lucia in year 2015 is 1.884 .

Investment (% of GDP) for Saint Lucia in year 2015 is 23.555 %.

Gross National Savings (% of GDP) for Saint Lucia in year 2015 is 16.1 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Saint Lucia in year 2015 is 117.964 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Saint Lucia in year 2015 is -0.715 %.

Inflation, End of Year (Indexed to Year 2000) for Saint Lucia in year 2015 is 117.002 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Saint Lucia in year 2015 is -2.107 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Saint Lucia in year 2015 is 16.738 %.

Import Volumes of Goods Only (Percent Change) for Saint Lucia in year 2015 is 16.563 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Saint Lucia in year 2015 is 9.532 %.

Export Volumes of Goods Only (Percent Change) for Saint Lucia in year 2015 is 10.381 %.

Population for Saint Lucia in year 2015 is 0.173 Million .

General government revenue (National Currency) for Saint Lucia in year 2015 is CXD 1.071 Billions.

General government revenue (% of GDP) for Saint Lucia in year 2015 is 27.965 %.

General government total expenditure (National Currency) for Saint Lucia in year 2015 is CXD 1.219 Billions.

General government total expenditure (% of GDP) for Saint Lucia in year 2015 is 31.841 %.

Total Government Net Lending/ Borrowing (National Currency) for Saint Lucia in year 2015 is CXD -0.148 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Saint Lucia in year 2015 is -3.876 %.

Fiscal Year Gross Domestic Product, Current Prices for Saint Lucia in year 2015 is CXD 3.83 Billions.

Current Account Balance (US Dollars) for Saint Lucia in year 2015 is US$ -0.106 Billion.

Current Account Balance (% GDP) for Saint Lucia in year 2015 is -7.456 %.