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| SAINT LUCIAN ECONOMY STATS: |
| Top Stats |
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Agriculture > products
bananas, coconuts, vegetables, citrus, root crops, cocoa |
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Aid as % of GDP
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1.6% |
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[73rd of 129]
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Debt > External
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$257,000,000.00 |
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[20th of 136]
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Economy > Overview
The island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries, with a surge in foreign direct investment in 2006, attributed to the construction of several tourism projects. Tourism is the main source of foreign exchange, with almost 900,000 arrivals in 2007. The manufacturing sector is the most diverse in the Eastern Caribbean area, and the government is trying to revitalize the banana industry. Saint Lucia is vulnerable to a variety of external shocks including declines in European Union banana preferences, volatile tourism receipts, natural disasters, and dependence on foreign oil. High debt servicing obligations constrain the KING administration's ability to respond to adverse external shocks. Economic fundamentals remain solid, even though unemployment needs to be reduced. |
Exchange rates
East Caribbean dollars per US dollar - 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000) |
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Exports
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$288,000,000.00 |
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[165th of 189]
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Exports to US
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$3,700,000.00 |
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[149th of 224]
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GDP
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$906,000,000.00 |
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[149th of 203]
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GDP (purchasing power parity)
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$1,794,000,000.00 |
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[169th of 187]
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GDP > PPP
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$981,000,000.00 |
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[155th of 163]
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GDP > Real growth rate
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3.2% |
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[141st of 198]
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GDP growth > annual %
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5.77 annual %
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[71st of 187]
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GDP per capita, PPP > current international $
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6,510.46 PPP $
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[81st of 169]
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GINI index
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42.58
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[10th of 40]
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Gross National Income
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$618,868,000.00 |
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[148th of 172]
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Human Development Index
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0.772 |
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[77th of 178]
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Income distribution > Poorest 10%
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2% |
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[83rd of 114]
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Income distribution > Richest 10%
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32.5% |
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[43rd of 114]
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Inflation rate (consumer prices)
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1.9% |
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[159th of 192]
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Tourist arrivals
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248,000 |
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[95th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Saint Lucia, st lucia, St. Lucia
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