Saint Lucia


Saint Lucia Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Saint Lucia; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank N/A
International Reserves US$ 213.434 million (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 1.303 billion (2010 estimate)
GDP (Purchasing Power Parity) 2.168 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-4.1% 0.6% 3.5% 3.8% 4.4% 4.8% 1.5% 5.8%
2009 2010 2011 2012*
-1.3% 3.4% 0.2% 1.9%

*Estimate

GDP per capita - current prices US$ 7,770 (2010 estimate)
GDP per capita - PPP $12,927 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0% 0% 0% 0% 0%

**Forecast

GDP - composition by sector
  • agriculture: 4.1% 
  • industry: 18.4% 
  • services: 77.5% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
-0.2%(2008) 3.3% 2.8% 3.2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
58.8% 63.2% 65.3% 71.9% 76.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-0.9% -3.2% -4.8% -7.5% -7.4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Saint Lucia N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -220 million (2011 estimate)(After 2008)
Current account balance by percentage of GDP -16.9% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

47.3% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.01% (2011)(2007)

(Data were released in 2012)

Total exports US$209.6 million (2012 estimate) 
Export commodities bananas 41%, clothing, cocoa, avacados, mangoes, coconut oil
Total imports US$315.7 million (2012 estimate) 
Import commodities food 23%, manufactured goods 21%, machinery and transportation equipment 19%, chemicals, fuels
Exports - major partners 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)
Imports - major partners Brazil 78.8%, US 8.4%, Trinidad and Tobago 5.1% (2011)
FDI inflows
2009 2010 2011
US$146 million US$110 million(2009) US$76 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 53 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 51 out of 185 countries(2009)

Enforcing Contracts: 168 out of 185 countries

Registering Property: 117 out of 185 countries

Getting credit: 104 out of 185 countries

Protecting investors: 32 out of 185 countries

Trading across border: 109 out of 185 countries

Paying Taxes: 43 out of 185 countries

Dealing with Construction Permits: 11 out of 185 countries

Getting Electricity: 12 out of 185 countries

Resolving Insolvency: 61 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
N/A

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 24 Score: 71.3 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-4
Total area 539 km2 (2006)
Capital Castries (2009)
Currency East Caribbean dollars (XCD) (2009)
Government type parliamentary democracy and a Commonwealth realm (2009)
Languages English (official), French patois
Religions Roman Catholic 67.5%, Seventh Day Adventist 8.5%, Pentecostal 5.7%, Rastafarian 2.1%, Anglican 2%, Evangelical 2%, other Christian 5.1%, other 1.1%, unspecified 1.5%, none 4.5% (2001 census)
Total population
1980 1990 2000 2012* 2017**
0.12 million 0.13 million 0.16 million 0.17 million N/A

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
21.5% 26.5% 28% 17.6%
Population median age 27 years (2010)
Population growth rate 1.1% (2011)
Life expectancy 74 years (2010)
Adult literacy N/A
% of population living on less than $2 a day 40.60% (2011)
Inequality of wealth distribution (Gini index)

42.58 (1995)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

143.39% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 42% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

2.2324 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (Global, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (Global, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (Global, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (Global, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (Nordic Region, 2010)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE