Saint Lucia

Saint Lucia : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$545.9 million (2011 est.)
$574.8 million (2010 est.)

Exports

$198.6 million (2011 est.)
$238.9 million (2010 est.)

Inflation rate (consumer prices)

2.6% (2011 est.)
0.6% (2010 est.)

Unemployment rate

20% (2003 est.)

GDP - per capita (PPP)

$12,800 (2011 est.)
$12,800 (2010 est.)
$12,500 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

1.1% (2010 est.)
-5.2% (2009 est.)
0.7% (2008 est.)

Internet users

142,900 (2009)

Telephones - mobile cellular

179,300 (2009)

Population growth rate

0.378% (2012 est.)

Population

162,178 (July 2012 est.)

Historical background

The island, with its fine natural harbor at Castries, was contested between England and France throughout the 17th and early 18th centuries (changing possession 14 times); it was finally ceded to the UK in 1814.

Even after the abolition of slavery on its plantations in 1834, Saint Lucia remained an agricultural island, dedicated to producing tropical commodity crops.

Self-government was granted in 1967 and independence in 1979.

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Saint Lucia

Economic 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.

Although crops such as bananas, mangos, and avocados continue to be grown for export, tourism provides Saint Lucia's main source of income and the industry is the island's biggest employer.

Tourism is the main source of foreign exchange, although tourism sector revenues declined with the global economic downturn as US and European travel dropped in 2009.

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The Economist Intelligence Unit

Country Report Organisation of Eastern Caribbean States 4th Quarter 2014

Country Report Organisation of Eastern Caribbean States 4th Quarter 2014

  • $ 285
  • Country report
  • December 2014
  • by The Economist Intelligence Unit

Outlook for 2015-16 The eight members of the Organisation of Eastern Caribbean States (OECS) will continue to enjoy broad political stability in 2014-15, despite a heavy electoral calendar and the potential ...

  • Countries : Dominica, Antigua and Barbuda, Grenada, North America, Saint Lucia

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