Economy - overview:
The island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries . Tourism is Saint Lucia's main source of jobs and income - accounting for 65% of GDP - and the island's main source of foreign exchange earnings. The manufacturing sector is the most diverse in the Eastern Caribbean area. Crops such as bananas, mangos, and avocados continue to be grown for export, but St. Lucia's once solid banana industry has been devastated by strong competition. Saint Lucia is vulnerable to a variety of external shocks, including volatile tourism receipts, natural disasters, and dependence on foreign oil. Furthermore, high public debt - 77% of GDP in 2012 - and high debt servicing obligations constrain the ANTHONY administration's ability to respond to adverse external shocks. St. Lucia has experienced anemic growth since the onset of the global financial crisis in 2008, largely because of a slowdown in tourism - airlines cut back on their routes to St. Lucia in 2012. Also, St. Lucia introduced a value added tax in 2012 of 15%, becoming the last country in the Eastern Caribbean to do so. In 2013, the government introduced a National Competitiveness and Productivity Council to address St. Lucia's high public wages and lack of productivity.

GDP (purchasing power parity):
$2.032 billion (2015 est.) $1.997 billion (2014 est.) $1.988 billion (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 195
[see also: GDP country ranks ]

GDP (official exchange rate):
$1.438 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
1.8% (2015 est.) 0.5% (2014 est.) 0.1% (2013 est.)
country comparison to the world: 151
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$12,000 (2015 est.) $11,800 (2014 est.) $11,700 (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 125
[see also: GDP - per capita country ranks ]

Gross national saving:
21.7% of GDP (2015 est.) 22.4% of GDP (2014 est.) 11.5% of GDP (2013 est.)
country comparison to the world: 70
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 52.4%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 19.3%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 32.1%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.1%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 51.7%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -55.6% (2015 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 2.7%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 15.3%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 82.1% (2015 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
bananas, coconuts, vegetables, citrus, root crops, cocoa

Industries:
tourism; clothing, assembly of electronic components, beverages, corrugated cardboard boxes, lime processing, coconut processing

Industrial production growth rate:
3.5% (2015 est.)
country comparison to the world: 69
[see also: Industrial production growth rate country ranks ]

Labor force:
79,700 (2012 est.)
country comparison to the world: 184
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 21.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 24.7%
[see also: Labor force - by occupation - industry country ranks ]
services: 53.6% (2002 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
20% (2003 est.)
country comparison to the world: 169
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $185.2 million
[see also: Budget revenues country ranks ]
expenditures: $222.2 million (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
12.9% of GDP (2011 est.)
country comparison to the world: 205
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.6% of GDP (2011 est.)
country comparison to the world: 91
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
77% of GDP (2012 est.) 77% of GDP (2010 est.)
country comparison to the world: 34
[see also: Public debt country ranks ]

Fiscal year:
1 April - 31 March

Inflation rate (consumer prices):
1.5% (2015 est.) 3.5% (2014 est.)
country comparison to the world: 86
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6.5% (31 December 2010) 6.5% (31 December 2009)
country comparison to the world: 50
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
9% (31 December 2015 est.) 9% (31 December 2014 est.)
country comparison to the world: 97
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$282.7 million (31 December 2015 est.) $277.3 million (31 December 2014 est.)
country comparison to the world: 175
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.104 billion (31 December 2014 est.) $1.057 billion (31 December 2013 est.)
country comparison to the world: 169
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.546 billion (31 December 2015 est.) $1.519 billion (31 December 2014 est.)
country comparison to the world: 150
[see also: Stock of domestic credit country ranks ]

Current account balance:
-$95 million (2015 est.) -$94 million (2014 est.)
country comparison to the world: 66
[see also: Current account balance country ranks ]

Exports:
$207 million (2015 est.) $203.3 million (2014 est.)
country comparison to the world: 185
[see also: Exports country ranks ]

Exports - commodities:
bananas 41%, clothing, cocoa, avocados, mangoes, coconut oil (2010 est.)

Exports - partners:
Dominican Republic 26.3%, US 11.1%, Suriname 9.5%, Antigua and Barbuda 7.3%, Dominica 7.1%, Trinidad and Tobago 6.9%, Barbados 6.4%, UK 5.7%, Grenada 4.9% (2014)

Imports:
$540.6 million (2015 est.) $558.8 million (2014 est.)
country comparison to the world: 192
[see also: Imports country ranks ]

Imports - commodities:
food, manufactured goods, machinery and transportation equipment, chemicals, fuels

Imports - partners:
Brazil 44.1%, US 27.4%, Trinidad and Tobago 10.2%, Colombia 8.8% (2014)

Debt - external:
$497.5 million (31 December 2014 est.) $485.9 million (31 December 2013 est.)
country comparison to the world: 179
[see also: Debt - external country ranks ]

Exchange rates:
East Caribbean dollars (XCD) per US dollar - 2.7 (2015 est.) 2.7 (2014 est.) 2.7 (2013 est.) 2.7 (2012) 2.7 (2011)