Economic Trivia

St. Lucia has the most diverse manufacturing sector in the Eastern Caribbean.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2020): United States, Trinidad and Tobago, and United Kingdom
Top 3 Exported Goods (2020): Beverages, Fruit & Nuts, and Electrical Machinery

Top Industries Source: CIA World Factbook

Tourism; Clothing; Assembly of Electronic Components; Beverages

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $2,574,797,926 (2021)
GDP Growth Rate (annual %) 12.23% (2021)
GDP Per Capita, PPP (current international) $14,332 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 178/197 (2021)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.411% (2021)
External debt stocks, total (DOD, current US$) $887,644,876 (2021)
Total tax rate (% of commercial profits) 34.7% (2019)
Real Interest Rate (5 year average %) 7.398% (2021)
Manufacturing, value added (% of GDP) 3.206% (2021)
Current Account Balance (BoP, current US$) ($2,288,515) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 99,938 (2021)
Employment in Agriculture (% of total employment) 16.995% (2020)
Employment in Industry (% of total employment) 18.304% (2020)
Employment in Services (% of total employment) 64.701% (2020)
Unemployment Rate 16.905% (2021)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $738,370,370 (2016)
Exports of goods and services (current US$) $612,703,704 (2016)
Total Merchandise Trade (% of GDP) 39.024% (2021)
FDI, net inflows (BoP, current US$) $46,716,413 (2021)
Commercial Service Exports (current US$) $823,056,010 (2021)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Saint Lucia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank