Economy of St. Lucia

Imports

Imports commoditiesfood 23%, manufactured goods 21%, machinery and transportation equipment 19%, chemicals, fuels

Import partnersBrazil 57.4%, US 19%, Trinidad and Tobago 9% (2012)

Exports

Exports commoditiesbananas 41%, clothing, cocoa, avacados, mangoes, coconut oil

Export partnersUS 13.9%, UK 10.3%, Peru 9.7%, Antigua and Barbuda 9.3%, Dominica 9.1%, France 9%, Barbados 8.1%, Trinidad and Tobago 7.6%, Grenada 6.2% (2012)

Economy sectors

Agriculture productsbananas, coconuts, vegetables, citrus, root crops, cocoa

Industrial productstourism; clothing, assembly of electronic components, beverages, corrugated cardboard boxes, lime processing, coconut processing

Economy

Unemployment16.5 % (1997)15.0 % (1996)

GDP - Official Exchange Rate1.38 Billion $ (2013)1.30 Billion $ (2012)1.30 Billion $ (2011)

GDP - Official Exchange Rate of St. Lucia

GDP growth rate0.20 % (2013)-0.90 % (2012)1.30 % (2011)

GDP per Capita (PPP)13,100 $ (2013)13,000 $ (2012)13,300 $ (2011)

GDP - Purchasing Power Parity2.22 Billion $ (2013)2.18 Billion $ (2012)2.22 Billion $ (2011)

GDP - Purchasing Power Parity of St. Lucia

GDP PPP per land area3.60 Million $ per square kilometer (2013)3.54 Million $ per square kilometer (2012)3.60 Million $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity76,000 kW

Banking

Central bank discount rate6.50 % (2010)6.50 % (2009)6.50 % (2008)

Commercial bank prime lending rate9.30 % (2013)9.50 % (2012)10.2 % (2011)

Commercial bank prime lending rate of St. Lucia

GDP decomposition by sector

Agriculture % of GDP3.10 % (2013)3.20 % (2012)

Industry % of GDP17.4 % (2013)17.2 % (2012)

Services % of GDP79.5 % (2013)79.6 % (2012)

Tourism

International tourism, number of arrivals307 Thousand (2012)312 Thousand (2011)306 Thousand (2010)

Yearly Tourist arrivals to residents ratio189 % (2012)193 % (2011)172 % (2010)

Yearly Tourist arrivals to residents ratio of St. Lucia

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)77.0 % of GDP (2012)77.0 % of GDP (2010)

Budget surplus (+) or deficit (-)-2.80 % of GDP

Current Account Balance (Percentage of GDP)-13.99 % of GDP (2012)-18.80 % of GDP (2011)-16.19 % of GDP (2010)

Current Account Balance (Percentage of GDP) of St. Lucia

External Debt Stocks (Percentage of GNI)40.3 % of GNI (2012)37.7 % of GNI (2011)50.0 % of GNI (2010)

External Debt Stocks (Percentage of GNI) of St. Lucia

Short-term debt (percentage of total external debt)30.2 % of total external debt (2012)22.2 % of total external debt (2011)38.9 % of total external debt (2010)

Short-term debt (percentage of total external debt) of St. Lucia

Current Account Balance (Total)-210.20 Million $ (2013)-184.40 Million $ (2012)-220.40 Million $ (2011)

Current Account Balance (Total) of St. Lucia

External Debt (Total)446 Million $ (2013)439 Million $ (2012)471 Million $ (2011)

External Debt (Percentage of GDP)32.4 % of GDP (2013)33.7 % of GDP (2012)36.3 % of GDP (2011)

External Debt (Percentage of GDP) of St. Lucia

External Debt per Capita2,742 $ (2013)2,705 $ (2012)2,912 $ (2011)