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Economy Of Saint Lucia
Saint Lucia Information - Country Guides

Economy overview	Changes in the EU import preference regime and the increased competition from Latin American bananas have made economic diversification increasingly important in Saint Lucia. The island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries. The manufacturing sector is the most diverse in the Eastern Caribbean area, and the government is trying to revitalize the banana industry. Economic fundamentals remain solid.
GDP	purchasing power parity - $866 million (2002 est.)
GDP - real growth rate	3.3% (2002 est.)
GDP - per capita	purchasing power parity - $5,400 (2002 est.)
GDP - composition by sector	agriculture: 7% industry: 20% services: 73% (2002 est.)
Investment gross fixed
Population below poverty line	NA
Household income or consumption by percentage share	lowest 10%: na highest 10%: na
Distribution of family income - Gini index
Inflation rate consumer prices	3% (2001 est.)
Labor force	43,800 (2001 est.)
Labor force by occupation	agriculture 21.7%, industry, commerce, and manufacturing 24.7%, services 53.6% (2002 est.)
Unemployment rate	16.5% (2003 est.)
Budget	revenues: $141.2 million expenditures: $146.7 million, including capital expenditures of $25.1 million (2000 est.)
Public debt
Agriculture products	bananas, coconuts, vegetables, citrus, root crops, cocoa
Industries	clothing, assembly of electronic components, beverages, corrugated cardboard boxes, tourism, lime processing, coconut processing
Industrial production growth rate	-8.9% (1997 est.)
Electricity production	120.2 million kWh (2001)
Electricity production by source	fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0%
Electricity consumption	111.8 million kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	0 kWh (2001)
Oil production	0 bbl/day (2001 est.)
Oil consumption	2,400 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance
Exports	$66 million (2002 est.)
Exports commodities	bananas 41%, clothing, cocoa, vegetables, fruits, coconut oil
Exports partners	UK 48%, US 24%, Antigua and Barbuda 6%, Dominica 6%, Grenada 4% (2003)
Imports	$267 million (2002 est.)
Imports commodities	food 23%, manufactured goods 21%, machinery and transportation equipment 19%, chemicals, fuels
Imports partners	US 36.2%, Trinidad and Tobago 19.6%, UK 7.4%, Venezuela 6.8% (2003)
Reserves of foreign exchange gold
Debt external	$214 million (2000)
Economic aid recipient	$51.8 million (1995)
Currency	East Caribbean dollar (XCD)
Currency code	XCD
Exchange rates	East Caribbean dollars per US dollar - 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000), 2.7 (1999)
Fiscal year	1 April - 31 March

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Introduction and Background to Saint Lucia | Geography Of Saint Lucia | People Of Saint Lucia | Government Of Saint Lucia | Communications Of Saint Lucia | Transportation Of Saint Lucia | Military Of Saint Lucia | Transnational Issues Of Saint Lucia

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Saint Flag Map Of Saint Lucia

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