Economy of Saint Lucia
Population: 0.18 M (2018)
GDP per Capita: 10,566 USD (2018)
1,920 M.

GDP USD

(2018)

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610 M.

EXPORTS USD

(2016)

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740 M.

IMPORTS USD

(2016)

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64.28 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 0.86 % (2018)
GDP of 2010 USD USD 1.50 B. (2018)
GDP Current USD USD 1.92 B. (2018)
GDP per Capita Current USD USD 10,566 (2018)
GDP per capita, PPP USD 12,317 (2018)
GDP per Capita, 2010 USD USD 8,485 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 12.11 % (2016)
Government Spending USD 0.21 B. (2016)
Government Debt % GDP 64.28 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 97.36 (2018)
Trade Openness 79.40 % (2016)
Exports of Goods and Services % GDP 36.01 % (2016)
Exports Goods & Services USD 0.61 B. (2016)
Exports Annual Growth Saint Lucia
Imports as % GDP 43.39 % (2016)
Total Imports USD 0.74 B. (2016)
Foreign Direct Investment % GDP 2.08 % (2018)
Foreign Direct Investment USD 0.14 B. (2018)
Current Account Balance % GDP USD 5.35 % (2018)
Current Account Balance USD 0.10 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD 0.22 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.29 B. (2018)
Remittances % GDP 1.67 % (2018)
Remittances USD 42 M. (2018)
Balance of Payments USD 17 M. (2016)

Labor Market

Indicator Value
Labor Force 0.10 M. (2019)
Unemployment Rate 20.47 % (2019)
Unemployment Rate Females 23.26 % (2019)
Unemployment Rate Males 18.59 % (2019)
Youth Unemployment (ages 15-24) 44.32 % (2019)
Labor Force Participation Rate 67.59 % (2019)
Labor Force (Percent Female) 45.49 % (2019)
Female Labor Force Participation Rate 60.36 % (2019)
Male Labor Force Participation Rate 75.26 % (2019)
Dependent People 39.54 % (2018)

Agriculture Sector

Indicator Value
Forest Area 33.20 % (2016)
Forest Area km² 202 km² (2016)
Agricultural Land 17.38 % (2016)
Agricultural Land km² 106 km² (2016)
Employment 9.92 % (2019)
Value added % GDP 2.13 % (2018)
Agriculture Value added USD 0.04 B. (2018)
Crop Production Index 45.30 (2016)
Precipitation 2,301 mm (2014)
Arable Land 5 % (2016)
Cereal Yield 5 % (2016)
Food production index 64 (2016)
Rural Population 81 % (2018)
Fertilizer use of Arable Land 171 kg/hectare (2016)
Livestock Production Index 127 (2016)
Economy of Saint Lucia

According to the World Bank and its latest published data, the economy of the Saint Lucia presents a growth rate of 0.86 % (2018) to the previous year.

With a population that reaches 0.18 M (2018) and a gross domestic product of USD 1.92 B. (2018), it translates a Gross Domestic Product per Capita of USD 10,566 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Saint Lucia also has a workforce of 0.10 M. (2019) with an unemployment rate of 20.47 % (2019), where women represent 23.26 % (2019) and men 18.59 % (2019), the unemployment rate for young people between 15-24 years old stood at 44.32 % (2019). The total number of dependent people stands at 39.54 % (2018).

The central government spent 12.11 % (2016) of its gross domestic product that year, which in absolute terms is USD 0.21 B. (2016). Its consolidated public debt reached 64.28 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Saint Lucia exported USD 0.61 B. (2016), which represents 36.01 % (2016) of its gross domestic product, in that same sense its imports reached USD 0.74 B. (2016) with a direct foreign investment of USD 0.14 B. (2018).

Saint Lucia has a forest area of 202 km² (2016), which represents 33.20 % (2016) of its total area, an average rainfall of 2,301 mm (2014) per year and a population of 81 % (2018) living in rural areas. With a total area of 106 km² (2016) available for agriculture and 9.92 % (2019) of its employments, the agricultural sector contributes to the economy of the Saint Lucia about USD 0.04 B. (2018) (2.13 % (2018) of its GDP).