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ECON FACTBOOK

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Economy of Saint Lucia

Population: 182 thousand in 20131

GDP: $1.33 billion in 20132

GDP per capita: $7,328 nominal3 ($10,560 PPP4) in 2013

GDP growth rate: -0.4% in 20135

Industries

GDP by Industry 2012

Employment sectorValue added ($ millions)Percent of total
Other activities47440.6%
Wholesale trade, retail trade, restaurants and hotels27323.4%
Transport, storage and communications21518.4%
Construction857.3%
Mining and utilities463.9%
Manufacturing413.5%
Agriculture, hunting, forestry and fishing342.9%
Total value added1,167100%

Employment

Unemployment rate: 20% in 20037

Employment by Industry 8

Employment sectorPercent of total
Services53%
Industry25%
Agriculture22%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A (0 corporations on the Fortune Global 500 list)

Households

Household Wealth: $2 billion (150% of GDP) in 201410

Household Wealth per Adult: $13,625 in 201410

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $185 million (14% of GDP) in 201311

Central Government Expenditure: $222 million (17% of GDP) in 201311

Central Government Budget Balance: -$37 million (-3% of GDP) in 201311

Central Government Public Debt: $997 million (75% of GDP) in Dec 2013* 12

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculated using the exchange rate 2.70 XCD = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: 30% in 201413

Monetary Policy

Money Supply (M1, Organization of Eastern Caribbean States): $1.13 billion in Oct 2014* 14

Benchmark Interest Rate (Organization of Eastern Caribbean States): N/A

Total Reserves: $192 million (14% of GDP) in 201315

Exchange Rate: 2.70 East Caribbean Dollars = 1 U.S. Dollar on Feb 23, 201516

Inflation: 1.5% in 201317

* Money supply calculated using the exchange rate 2.70 XCD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201318

N/A (data not available at Relbanks.com)

International Accounts

Exports: $207 million (16% of GDP) in 201319

Imports: $593 million (45% of GDP) in 201319

Trade Balance: -$386 million (-29% of GDP) in 201319

Foreign Direct Investment Inflow: $83 million (6% of GDP) in 201320

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $27 million (2% of GDP) in 201221

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: CIA World Factbook (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: St. Lucia Ministry of Finance, Downloads, Reports, Economic and Social Review (Public debt) Go back
13. Source: Tax Foundation (Corporate tax rate) Go back
14. Source: Eastern Caribbean Central Bank, Statistics, Central Bank Survey (Money supply) Go back
15. Source: World Bank Indicators (Total reserves) Go back
16. Source: xe.com (Exchange rate) Go back
17. Source: World Bank Indicators (Inflation rate) Go back
18. Source: Relbanks.com (Financial institutions by assets) Go back
19. Source: CIA World Factbook (Trade data) Go back
20. Source: World Bank Indicators (FDI data) Go back
21. Source: World Bank Indicators (Aid data) Go back