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 (2016): United States, Trinidad and Tobago, and United Kingdom
Top 3 Exported Goods (2016): Beverages, Electrical Machinery, and Precious Stones & Metals

Top Industries Source: CIA World Factbook

Tourism; Clothing; Assembly of Electronic Components; Beverages

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $2,305,779,371 (2016)
GDP Growth Rate (annual %) 0.928% (2016)
GDP Per Capita, PPP (current international) $12,953 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 176/195 (2016)

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 %) -3.093% (2016)
External debt stocks, total (DOD, current US$) $551,039,000 (2016)
Total tax rate (% of commercial profits) 34.7% (2017)
Real Interest Rate (5 year average %) 8.302% (2016)
Manufacturing, value added (% of GDP) 2.603% (2016)
Current Account Balance (BoP, current US$) ($31,235,798) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 99,087 (2017)
Employment in Agriculture (% of total employment) 15.343% (2017)
Employment in Industry (% of total employment) 17.302% (2017)
Employment in Services (% of total employment) 67.355% (2017)
Unemployment Rate 20.983% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $738,362,407 (2016)
Exports of goods and services (current US$) $612,685,370 (2016)
Total Merchandise Trade (% of GDP) 46.436% (2016)
FDI, net inflows (BoP, current US$) $95,992,565 (2016)
Commercial Service Exports (current US$) $808,315,408 (2016)
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