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, root vegetables, plantains, vegetables, cassava, chicken, milk (2023).
More about the economy of Saint Lucia
Labor force 102,400 (2024 est.)
Industrial production growth rate 5.6% (2024 est.)
Industries tourism; clothing, assembly of electronic components, beverages, corrugated cardboard boxes, lime processing, coconut processing
Population below poverty line 25% (2015 est.)
Taxes and other revenues 18.2% (of GDP) (2017 est.)
Fiscal year
Exchange rates
Currency East Caribbean dollars (XCD) per US dollar -
Exchange rates 2024 2.7 (2024 est.)
Exchange rates 2023 2.7 (2023 est.)
Exchange rates 2022 2.7 (2022 est.)
Exchange rates 2021 2.7 (2021 est.)
Exchange rates 2020 2.7 (2020 est.)
Debt - external
Debt - external 2023 $901.317 million (2023 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2024 $406.064 million (2024 est.)
Reserves of foreign exchange and gold 2023 $424.324 million (2023 est.)
Reserves of foreign exchange and gold 2022 $389.083 million (2022 est.)
Current account balance
Current account balance 2024 -$64.121 million (2024 est.)
Current account balance 2023 -$38.069 million (2023 est.)
Current account balance 2022 -$83.442 million (2022 est.)
Public debt
Public debt 2016 69.2% of GDP (2016 est.)
Budget
Revenues $414.77 million (2017 est.)
Expenditures $351.956 million (2017 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2024 2.5% of GDP (2024 est.)
Remittances 2023 2.6% of GDP (2023 est.)
Remittances 2022 2.6% of GDP (2022 est.)
Household income
Lowest 10% 2.1% (2015 est.)
Highest 10% 34.1% (2015 est.)
Imports
Imports 2024 $1.446 billion (2024 est.)
Imports 2023 $1.292 billion (2023 est.)
Imports 2022 $1.2 billion (2022 est.)
Imports (partners) USA 59%, Guyana 8%, Brazil 7%, China 5%, UK 3% (2023)
Comodities Imports force refined petroleum, crude petroleum, cars, poultry, plastic products (2023)
Exports
Imports 2024 $1.446 billion (2024 est.)
Imports 2023 $1.292 billion (2023 est.)
Imports 2022 $1.2 billion (2022 est.)
Exports (partners) Guyana 20%, Suriname 15%, USA 11%, Barbados 8%, Dominica 7% (2023)
Comodities Exports force refined petroleum, gravel and crushed stone, beer, liquor, paper containers (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $4.359 billion (2024 est.)
Real GDP (purchasing power parity) 2023 $4.196 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $4.105 billion (2022 est.)
GDP (official exchange rate) $2.549 billion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $24,300 (2024 est.)
Real GDP per capita 2023 $23,400 (2023 est.)
Real GDP per capita 2022 $23,000 (2022 est.)
GDP - composition, by sector of origin
Agriculture 1.1% (2024 est.)
Industry 9.8% (2024 est.)
Services 75.9% (2024 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 2024 11% (2024 est.)
Unemployment rate 2023 11.1% (2023 est.)
Unemployment rate 2022 16% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 29% (2024 est.)
Male 31.4% (2024 est.)
Female 26.3% (2024 est.)
All Important Facts about Saint Lucia

Want to know more about Saint Lucia? Check all different factbooks for Saint Lucia below.

Saint Lucia is found in Caribbean