| SAINT LUCIAN ECONOMY 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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Source: CIA World Factbook, 28 July 2005 |
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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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Source: 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 |
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. |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
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$288,000,000.00 |
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[165th of 189]
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Source: CIA World Factbook, 28 July 2005 |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
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$906,000,000.00 |
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[149th of 203]
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Source: US Census Bureau |
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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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Source: World Development Indicators database and CIA World Factbook |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Source: World Bank. 2005. World Development Indicators 2005. |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Source: World Development Indicators database |
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GINI index
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42.58
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[10th of 40]
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Source: World Development Indicators database |
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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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Source: World Development Indicators database |
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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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Source: Human Development Report 2006, United Nations Development Programme |
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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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Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
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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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Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
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Tourist arrivals
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248,000 |
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[95th of 152]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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