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
Saint Lucia
Award Winners
The World’s Best Sub-Custodians
Banking & Finance
Trade & Investment
| Total Exports | USD 1.8 billion (2023) |
|---|---|
| Leading Exports |
Crude Petroleum Fertilizers Refined Petroleum Polymers Aluminum |
| Total Imports | USD 142.7 million (2022) |
| Leading Imports |
Crude Petroleum Poultry Sugar Refined Petroleum Soybeans Beef |
| 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% |
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
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