Saint Lucia - Economy
How is the economy of Saint Lucia? Based on the information we have, Saint Lucia has a upper middle-income, tourism-based Caribbean island economy; environmentally fragile; energy import-dependent; major banana producer; well-educated labor force; key infrastructure, IT, and communications investments. Key agricultural products in this country include: coconuts, bananas, tropical fruits, fruits, plantains, root vegetables, chicken, vegetables, cassava, pork (2022).
More about the economy of Saint Lucia
Labor force 103,000 (2022 est.)
Industrial production growth rate -0.41% (2022 est.)
Industries tourism; clothing, assembly of electronic components, beverages, corrugated cardboard boxes, lime processing, coconut processing
Population below poverty line 25% (2016 est.)
Taxes and other revenues 18.24% (of GDP) (2017 est.)
Fiscal year
Exchange rates
Currency East Caribbean dollars (XCD) per US dollar -
Exchange rates 2022 2.7 (2022 est.)
Exchange rates 2021 2.7 (2021 est.)
Exchange rates 2020 2.7 (2020 est.)
Exchange rates 2019 2.7 (2019 est.)
Exchange rates 2018 2.7 (2018 est.)
Debt - external
Debt - external 31 December 2017 $570.6 million (31 December 2017 est.)
Debt - external 31 December 2015 $529 million (31 December 2015 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2022 $389.083 million (2022 est.)
Reserves of foreign exchange and gold 2021 $433.117 million (2021 est.)
Reserves of foreign exchange and gold 2020 $231.361 million (2020 est.)
Current account balance
Current account balance 2022 -$52.32 million (2022 est.)
Current account balance 2021 -$129.365 million (2021 est.)
Current account balance 2020 -$231.919 million (2020 est.)
Public debt
Public debt 2017 70.7% of GDP (2017 est.)
Public debt 2016 69.2% of GDP (2016 est.)
Budget
Revenues $350 million (2020 est.)
Expenditures $516 million (2020 est.)
Budget surplus (+) or deficit (-) 0.3% (of GDP) (2017 est.)
Remittances
Remittances 2022 2.36% of GDP (2022 est.)
Remittances 2021 3.23% of GDP (2021 est.)
Remittances 2020 3.51% of GDP (2020 est.)
Household income
Lowest 10% 0.9%
Highest 10% 38.6% (2016 est.)
Imports
Imports 2022 $1.179 billion (2022 est.)
Imports 2021 $815.666 million (2021 est.)
Imports 2020 $666.968 million (2020 est.)
Imports (partners) US 76%, Trinidad and Tobago 4%, China 3%, UK 2%, Barbados 2% (2022)
Comodities Imports force refined petroleum, cars, plastic products, poultry, flavored water (2022)
Exports
Imports 2022 $1.179 billion (2022 est.)
Imports 2021 $815.666 million (2021 est.)
Imports 2020 $666.968 million (2020 est.)
Exports (partners) US 17%, Guyana 16%, Trinidad and Tobago 14%, Barbados 9%, Suriname 7% (2022)
Comodities Exports force beer, gravel and crushed stone, paper containers, refined petroleum, liquor (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2022 $2.716 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $2.344 billion (2021 est.)
Real GDP (purchasing power parity) 2020 $2.088 billion (2020 est.)
GDP (official exchange rate) $2.344 billion (2022 est.)
Real GDP Per capita
Real GDP per capita 2022 $15,100 (2022 est.)
Real GDP per capita 2021 $13,000 (2021 est.)
Real GDP per capita 2020 $11,700 (2020 est.)
GDP - composition, by sector of origin
Agriculture 2.9% (2017 est.)
Industry 14.2% (2017 est.)
Services 82.8% (2017 est.)
GDP - composition, by end use
Household consumption 66.1% (2017 est.)
Government consumption 11.2% (2017 est.)
Investment in fixed capital 16.9% (2017 est.)
Investment in inventories 0.1% (2017 est.)
Exports of goods and services 62.7% (2017 est.)
Imports of goods and services -56.9% (2017 est.)
Unemployment rate
Unemployment rate 2022 15.77% (2022 est.)
Unemployment rate 2021 19.58% (2021 est.)
Unemployment rate 2020 20.41% (2020 est.)
Youth unemployment rate (ages 15-24)
Total 38.7% (2021 est.)
Male 41%
Female 36.2%
All Important Facts about Saint Lucia

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Saint Lucia is found in Caribbean