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Saint Lucia GDP and Economic Data

Country Report 2017 - Includes Saint Lucia real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Saint Lucia economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Saint Lucia best banks and safest banks are also available.

The World's Best Sub-Custodians

ANNUAL SURVEY: THE WORLD'S BEST SUB-CUSTODIANS   Sub-Custodians Feeling The Heat   Global investing in turbulent times puts the spotlight on local safekeepers.   By Gordon Platt     As they seek to reassure investors that their assets in foreign ...

 
 
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Central bank

Eastern Caribbean Central Bank

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International Reserves

USD 0.3 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

USD 1.5 billion (2017, estimate)

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GDP (Purchasing Power Parity)

Intl$ 2.2 billion (2017, estimate)

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Real GDP growth
2006 2007 2008 2009 2010 2011 2012
6.8% 1% 4.2% -0.4% -1.7% 0.2% -1.5%
2013 2014 2015* 2016* 2017*    
0.1% 0.4% 2.4% 1.5% 1.9%    

*Estimate

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GDP per capita - current prices

USD 8,642.6 (2017, estimate)

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GDP per capita - PPP

Intl$ 12,380.9 (2017, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0% 0% 0% 0% 0.002%

*Estimate

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GDP - composition by sector
  • agriculture: 2.9% 
  • industry: 14.1% 
  • services: 83%

(2016 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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Inflation
2013 2014 2015 2016* 2017*
1.5% 3.5% -1.0% -1.0% 3.2%

*Estimate

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Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

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Household saving rates

N/A

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Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
79.6% 80.3% 79.1% 79.8% 78.1%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-6% -3.7% -1.5% -1.7% -2%

*Estimate  

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Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
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Largest companies

N/A

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Current account balance

USD -0.1 billion (2017 estimate)

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Current account balance by percentage of GDP

-6.7% (2017 estimate)

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Exports as percent of GDP (Exports of goods and services)

46.3% (2015)

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Shares in world total merchandising export

0.001% (2015)

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Shares in world total commercial services export

0.009% (2015)

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Total exports

USD 205.2 million (2016 estimate)

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Export commodities

Bananas 41%, clothing, cocoa, avocados, mangoes, coconut oil (2010 estimate)

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Total imports

USD 0.5 billion (2016 estimate)

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Import commodities

Food, manufactured goods, machinery and transportation equipment, chemicals, fuels

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Exports - major partners

Dominican Republic 25.1%, US 15.9%, Suriname 9.1%, Antigua and Barbuda 7%, Dominica 6.8%, Trinidad and Tobago 6.3%, Barbados 6.1%, UK 4.8%, Grenada 4.6% (2015)

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Imports - major partners

Brazil 34.9%, US 25.7%, Trinidad and Tobago 14.4%, Colombia 10.9% (2015)

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FDI inflows
2013 2014 2015
USD 95 million USD 93 million USD 95 million
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FDI outflows
2013 2014 2015
USD 3.1 million USD 2.5 million USD 2.5 million
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Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

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Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 86 out of 190 countries (2017)

Subcategories:

Starting a business: 66 out of 190 countries

Enforcing Contracts: 71 out of 190 countries

Registering Property: 104 out of 190 countries

Getting Credit: 157 out of 190 countries

Protecting Minority Investors: 87 out of 190 countries

Trading Across Borders: 81 out of 190 countries

Paying Taxes: 65 out of 190 countries

Dealing with Construction Permits: 54 out of 190 countries

Getting Electricity: 56 out of 190 countries

Resolving Insolvency: 114 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 38 / Score: 69.96 (Mostly free) (2016)

(100=totally free 0=totally repressed)

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Time zone

UTC-4

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Total area

616 sq km

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Capital

Castries

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Currency

East Caribbean dollars (XCD)

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Government type

Parliamentary democracy (Parliament) under a constitutional monarchy; a Commonwealth realm

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Languages

 English (official), French patois

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Religions

Roman Catholic 61.5%, Protestant 25.5% (includes Seventh Day Adventist 10.4%, Pentecostal 8.9%, Baptist 2.2%, Anglican 1.6%, Church of God 1.5%, other Protestant 0.9%), other Christian 3.4% (includes Evangelical 2.3% and Jehovah's Witness 1.1%), Rastafarian 1.9%, other 0.4%, none 5.9%, unspecified 1.4% (2010 est.)

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Total population
1990 2000 2010 2016* 2021*
0.134 million 0.156 million 0.166 million 0.174 million 0.18 million

*Estimate 

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Urban population as % of total population
1960 1980 2000 2015
22% 27% 28% 19%
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Population median age

34.2 years (2016 estimate)

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Population growth rate

0.33% (2016 estimate)

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Life expectancy

77.8 years (2016 estimate)

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Literacy

N/A

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2017)                         

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

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Total telephone subscribers as % of population

Fixed 18.86%   Mobile 101.52% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

52.35% (2015)

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Mercer Cost of living index

N/A

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CO2 emissions

2.2 (2013)

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World's Best Subcustodian Banks

2010
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