| 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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Definition: Economy > Aid as % of GDP |
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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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Definition: Economy > Debt > External |
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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Definition: Economy > Economy > Overview |
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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Definition: Economy > Exchange rates |
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Exports
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$288,000,000.00 |
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[165th of 189]
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Definition: Economy > Exports |
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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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Definition: Economy > Exports to US |
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GDP
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$906,000,000.00 |
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[149th of 203]
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Definition: Economy > GDP |
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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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Definition: Economy > GDP (purchasing power parity) |
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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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Definition: Economy > GDP > PPP |
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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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Definition: Economy > GDP > Real growth rate |
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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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Definition: Economy > GDP growth > annual % |
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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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Definition: Economy > GDP per capita, PPP > current international $ |
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GINI index
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42.58
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[10th of 40]
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Definition: Economy > GINI index |
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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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Definition: Economy > Gross National Income |
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Human Development Index
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0.772 |
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[77th of 178]
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Definition: Economy > Human Development Index |
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Income distribution > Poorest 10%
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2% |
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[83rd of 114]
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Definition: Economy > Income distribution > Poorest 10% |
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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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Definition: Economy > Income distribution > Richest 10% |
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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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Definition: Economy > Inflation rate (consumer prices) |
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Tourist arrivals
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248,000 |
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[95th of 152]
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Definition: Economy > Tourist arrivals |
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