Economy of Saint Lucia - Economic Statistics

Economic Statistics

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.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 3% (2001 est.)

Labour force: 43,800 (2001)

Labour force - by occupation:

• agriculture 21.7%,
• industry and commerce 24.7%,
• services 53.6% (2002 est.)

Unemployment rate: 20% (2003 est.)

Pay: best is 100$ a week

Budget:
revenues: $141.2 million
expenditures: $146.7 million, including capital expenditures of $25.1 million (2000 estimate) 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: 281 GWh (2003)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 102 GWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 0 kWh (1998)

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

Exports: $82 million (2004)

Exports - commodities:
bananas 41%, clothing, cocoa, vegetables, fruits, coconut oil

Exports - partners:
France 25%, United States 18.3%, China 17.8%, United Kingdom 14.5%, Brazil 6.8% (2005)

Imports: $410 million (2004)

Imports - commodities:
food 23%, manufactured goods 21%, machinery and transportation equipment 19%, chemicals, fuels

Imports - partners: United States 23.8%, Trinidad and Tobago 16%, Netherlands 11.1%, Venezuela 6.3%, Finland 6.2%, United Kingdom 5.7%, France 4.7% (2005)

Debt - external:

• $214 million (2000)

Economic aid - recipient: $51.8 million (1995)

Currency: 1 East Caribbean dollar (EC$) = 100 cents

Exchange rates: East Caribbean dollars (EC$) per US$1 – 2.7000 (fixed rate since 1976)

Fiscal year: 1 April – 31 March