Saint Lucia: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
| 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 Industries Source: CIA World Factbook | Tourism; Clothing; Assembly of Electronic Components; Beverages |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $3,193,534,630 (2022) |
| GDP Growth Rate (annual %) | 15.4% (2022) |
| GDP Per Capita, PPP (current international) | $17,756 (2022) |
GDP Country Rank 178/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 6.378% (2022) |
| External debt stocks, total (DOD, current US$) | $887,644,876 (2021) |
| Total tax rate (% of commercial profits) | 34.7% (2019) |
| Real Interest Rate (5 year average %) | 0.679% (2022) |
| Manufacturing, value added (% of GDP) | 2.977% (2022) |
| Current Account Balance (BoP, current US$) | ($132,027,700) (2021) |
Labor and Employment [1]
| Labor Force, Total | 102,432 (2022) |
| Employment in Agriculture (% of total employment) | 10.502% (2021) |
| Employment in Industry (% of total employment) | 15.876% (2021) |
| Employment in Services (% of total employment) | 73.622% (2021) |
| Unemployment Rate | 17.362% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $738,370,370 (2016) |
| Exports of goods and services (current US$) | $612,703,704 (2016) |
| Total Merchandise Trade (% of GDP) | 46.634% (2022) |
| FDI, net inflows (BoP, current US$) | $66,611,699 (2022) |
| Commercial Service Exports (current US$) | $614,746,420 (2021) |
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.