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St. Lucia

Includes historical data for St. Lucia’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Economy Powered By Tourism And FDI

With gold sandy beaches, mountainous rainforests and volcanic hot springs, this scenic island country in the Caribbean Sea relies heavily on tourism as its main economic driver and largest employer.

Saint Lucia actively promotes foreign direct investment (FDI) by granting equal treatment for nationals and foreigners across all sectors. Alongside tourism, investment aimed at diversifying the economic base is encouraged in communications and information technology, manufacturing, agro-processing, global business outsourcing, and real estate development. A member of the Caribbean Community (CARICOM) and the Organization of Eastern Caribbean States (OECS), Saint Lucia’s well-developed legal and commercial infrastructure has historically supported economic growth. However, challenges such as limited access to financing, skill gaps and climate-related risks can stifle private-sector initiative and growth.

Macroeconomy & Sovereign Data

Type of Government Parliamentary democracy under a constitutional monarchy; a Commonwealth realm
Capital Castries
Sovereign Ratings S&P: Not rated
Moody’s: Not rated
Fitch: Not rated
Total Population 183,000
Median Age 34.4
Adult Per Capita Income (PPP) 19,418.62
Total GDP (2023) 2.6 billion

St. Lucia GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 1.8 billion (2023)
Leading Exports Crude Petroleum
Refined Petroleum
Total Imports USD 142.7 million (2022)
Leading Imports Crude Petroleum
Refined Petroleum
Source: World Integrated Trade Solution

St. Lucia Leading Companies

Bank of Saint Lucia (BOSL) Financials
Bay Gardens Resorts Hotels, Restaurants & Leisure
Saint Lucia Distillers Consumer Staples, Distillers
The Voice Publishing Company Media, Publishing
Saint Lucia Air and Sea Ports Authority Industrials, Ports & Shipping

Major Trade Partners — Import

United States 40%
Trinidad and Tobago 14%
United Kingdom 6%
China 6%
Japan 3%

Major Trade Partners — Export

United States 28%
Trinidad and Tobago 12%
United Kingdom 9%
Barbados 8%
Dominica 7%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000