Editing Economy of Saint Lucia

{{Short description|None}}
{{Use dmy dates|date=June 2021}}
{{more citations needed|date=May 2018}}
{{Infobox economy
|country = Saint Lucia
|image = View of Castries Saint Lucia Day248bdriveb.jpg
|caption = [[Castries]], the [[financial center]] of Saint Lucia
|currency = [[East Caribbean dollar]] (XCD)
|year = 1 April–March 31
|organs = [[World Trade Organization|WTO]], [[Caribbean Community|CARICOM]], [[Organisation of Eastern Caribbean States|OECS]]
|group = {{plainlist|
*[[Developing country|Developing/Emerging]]<ref>{{cite web |url=https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/weoselco.aspx?g=2200&sg=All+countries+%2f+Emerging+market+and+developing+economies |title=World Economic Outlook Database, April 2019 |publisher=[[International Monetary Fund]] |website=IMF.org |access-date=29 September 2019 |archive-date=10 October 2020 |archive-url=https://web.archive.org/web/20201010203013/https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/weoselco.aspx?g=2200&sg=All+countries+%2F+Emerging+market+and+developing+economies |url-status=live }}</ref>
*Upper middle income economy<ref>{{cite web |url=https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups |title=World Bank Country and Lending Groups |publisher=[[World Bank]] |website=datahelpdesk.worldbank.org |access-date=29 September 2019 |archive-date=28 October 2019 |archive-url=https://web.archive.org/web/20191028223324/https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups |url-status=live }}</ref>}}
|population = {{increase}} 185,886 (March 2023)<ref>{{cite web |url=https://data.worldbank.org/indicator/SP.POP.TOTL?locations=LC |title=Population, total - St. Lucia |publisher=[[World Bank]] |website=data.worldbank.org |access-date=16 November 2019 |archive-date=16 November 2019 |archive-url=https://web.archive.org/web/20191116094614/https://data.worldbank.org/indicator/SP.POP.TOTL%3Flocations%3DLC |url-status=live }}</ref>
|gdp = {{plainlist|
*{{increase}} $2.262 billion (nominal, 2023 est)<ref>[https://www.imf.org/external/datamapper/NGDPD@WEO/LCA?zoom=LCA&highlight=LCA GDP, current prices] {{Webarchive|url=https://web.archive.org/web/20230228221811/https://www.imf.org/external/datamapper/NGDPD@WEO/LCA?zoom=LCA&highlight=LCA |date=28 February 2023 }} IMF</ref>
*{{increase}} $3.399 billion ([[Purchasing power parity|PPP]], 2023 est)<ref>[https://www.imf.org/external/datamapper/PPPGDP@WEO/LCA?zoom=LCA&highlight=LCA GDP, current prices] {{Webarchive|url=https://web.archive.org/web/20230228221812/https://www.imf.org/external/datamapper/PPPGDP@WEO/LCA?zoom=LCA&highlight=LCA |date=28 February 2023 }} IMF</ref>}}
|gdp rank = {{plainlist|
*[[List of countries by GDP (nominal)|186th (nominal, 2023)]]
*[[List of countries by GDP (PPP)|182nd (PPP, 2023)]]}}
|per capita = {{plainlist|
*{{increase}} $12,264 (nominal, 2023 est.)<ref>[https://www.imf.org/external/datamapper/NGDPDPC@WEO/LCA?zoom=LCA&highlight=LCA GDP per capita, current prices] {{Webarchive|url=https://web.archive.org/web/20230228221811/https://www.imf.org/external/datamapper/NGDPDPC@WEO/LCA?zoom=LCA&highlight=LCA |date=28 February 2023 }} IMF</ref>
*{{increase}} $18,435 ([[Purchasing power parity|PPP]], 2023 est.)<ref>[https://www.imf.org/external/datamapper/PPPPC@WEO/LCA?zoom=LCA&highlight=LCA GDP per capita, current prices] {{Webarchive|url=https://web.archive.org/web/20230228221811/https://www.imf.org/external/datamapper/PPPPC@WEO/LCA?zoom=LCA&highlight=LCA |date=28 February 2023 }} IMF</ref>}}
|per capita rank = {{plainlist|
*[[List of countries by GDP (nominal) per capita|70th (nominal, 2023)]]
*[[List of countries by GDP (PPP) per capita|90th (PPP, 2023)]]}}
|growth = {{plainlist|
* {{Increase}} 12.2%&nbsp;{{abbr|(2021)|2021}}<ref name="auto">[https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/LCA?zoom=LCA&highlight=LCA Real GDP growth] {{Webarchive|url=https://web.archive.org/web/20230113190913/https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/LCA?zoom=LCA&highlight=LCA |date=13 January 2023 }} IMF</ref>
* {{Increase}} 14.9%&nbsp;{{abbr|(2022)|2022}}<ref name="auto"/>
* {{Increase}} 3.0%&nbsp;{{abbr|(2023f)|2023 forecast}}<ref name="auto"/>
* {{Increase}} 2.2%&nbsp;{{abbr|(2024f)|2024 forecast}}<ref name="auto"/>
}}
|sectors = {{plainlist|
*[[Primary sector of the economy|agriculture]]: 2.2%
*[[Secondary sector of the economy|industry]]: 10.9%
*[[Tertiary sector of the economy|services]]: 86.9%
*(2020 est.)}}
|inflation = {{increasenegative}}6.4% (2022)
|poverty = {{plainlist|
*NA<ref name="CIAWFST"/>
*20.3% on less than $5.50/day (2016)<ref>{{cite web |url=https://data.worldbank.org/indicator/SI.POV.UMIC?locations=LC |title=Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population) - St. Lucia |publisher=[[World Bank]] |website=data.worldbank.org |access-date=16 November 2019 |archive-date=16 November 2019 |archive-url=https://web.archive.org/web/20191116094610/https://data.worldbank.org/indicator/SI.POV.UMIC%3Flocations%3DLC |url-status=live }}</ref>}}
|gini = 51.2 {{color|red|high}} (2016)<ref>{{cite web |url=https://data.worldbank.org/indicator/SI.POV.GINI?locations=LC |title=GINI index (World Bank estimate) - St. Lucia |publisher=[[World Bank]] |website=data.worldbank.org |access-date=16 November 2019 |archive-date=16 November 2019 |archive-url=https://web.archive.org/web/20191116094614/https://data.worldbank.org/indicator/SI.POV.GINI%3Flocations%3DLC |url-status=live }}</ref>
|hdi = {{plainlist|
*{{decrease}} 0.715 {{color|green|high}} (2021)<ref>{{cite web |url=http://hdr.undp.org/en/indicators/137506 |title=Human Development Index (HDI) |publisher=[[Human Development Report|HDRO (Human Development Report Office)]] [[United Nations Development Programme]] |website=hdr.undp.org |access-date=23 November 2022 |archive-date=15 December 2019 |archive-url=https://web.archive.org/web/20191215174637/http://hdr.undp.org/en/indicators/137506 |url-status=live }}</ref> ([[List of countries by Human Development Index|106th]])
*{{decrease}} 0.559 {{color|darkorange|medium}} [[List of countries by inequality-adjusted HDI|IHDI]] (2021)<ref>{{cite web |url=http://hdr.undp.org/en/content/table-3-inequality-adjusted-human-development-index-ihdi |title=Inequality-adjusted Human Development Index (IHDI |publisher=[[Human Development Report|HDRO (Human Development Report Office)]] [[United Nations Development Programme]] |website=hdr.undp.org |access-date=23 November 2022 |archive-date=12 December 2020 |archive-url=https://web.archive.org/web/20201212055527/http://hdr.undp.org/en/content/table-3-inequality-adjusted-human-development-index-ihdi |url-status=dead }}</ref>}}
|edbr = {{steady}} [[Ease of doing business index#Ranking|93rd (easy, 2020)]]<ref name=" World Bank and International Financial Corporation ">{{cite web |url=http://www.doingbusiness.org/data/ExploreEconomies/st-lucia |title=Ease of Doing Business in Saint Lucia |publisher=Doingbusiness.org |access-date=24 November 2017 |archive-date=1 December 2017 |archive-url=https://web.archive.org/web/20171201044434/http://www.doingbusiness.org/data/exploreeconomies/st-lucia |url-status=live }}</ref>
|labor = {{plainlist|
*{{decrease}} 95,790 (2020)<ref>{{cite web |url=https://data.worldbank.org/indicator/SL.TLF.TOTL.IN?locations=LC |title=Labor force, total - St. Lucia |publisher=[[World Bank]] |website=data.worldbank.org |access-date=16 November 2019 |archive-date=16 November 2019 |archive-url=https://web.archive.org/web/20191116094610/https://data.worldbank.org/indicator/SL.TLF.TOTL.IN%3Flocations%3DLC |url-status=live }}</ref>
*{{increase}} 57.4% employment rate (2016)<ref>{{cite web |url=https://data.worldbank.org/indicator/SL.EMP.TOTL.SP.NE.ZS?locations=LC |title=Employment to population ratio, 15+, total (%) (national estimate) - St. Lucia |publisher=[[World Bank]] |website=data.worldbank.org |access-date=16 November 2019 |archive-date=16 November 2019 |archive-url=https://web.archive.org/web/20191116094611/https://data.worldbank.org/indicator/SL.EMP.TOTL.SP.NE.ZS%3Flocations%3DLC |url-status=live }}</ref>}}
|occupations = {{plainlist|
*[[Primary sector of the economy|agriculture]]: 7.9%
*[[Secondary sector of the economy|industry]]: 15.6%
*[[Tertiary sector of the economy|services]]: 76.5%
*(Apr 2021 est.)}}
|unemployment = 
*{{decreasepositive}} 17.5% (2022)<ref>{{Cite web|url=https://stats.gov.lc/subjects/society/labour-force/unemployed-rate-by-age-and-sex-quarterly-2010-to-2022-q2/|title=Unemployed Rate by Age and Sex (Quarterly) 2010 to 2022 Q2|website=The Central Statistical Office of Saint Lucia|access-date=20 April 2023|archive-date=20 April 2023|archive-url=https://web.archive.org/web/20230420231730/https://stats.gov.lc/subjects/society/labour-force/unemployed-rate-by-age-and-sex-quarterly-2010-to-2022-q2/|url-status=live}}</ref>
*{{decreasepositive}} 26.2% youth unemployment (2022)<ref>{{Cite web|url=https://stats.gov.lc/subjects/society/labour-force/youth-unemployment-by-age-and-sex-quarterly-2010-to-2022-q2/|title=Youth Unemployment by Age and Sex, (Quarterly) 2010 To 2022 Q2|website=The Central Statistical Office of Saint Lucia|access-date=20 April 2023|archive-date=20 April 2023|archive-url=https://web.archive.org/web/20230420233235/https://stats.gov.lc/subjects/society/labour-force/youth-unemployment-by-age-and-sex-quarterly-2010-to-2022-q2/|url-status=live}}</ref>
|industries = tourism; clothing, assembly of electronic components, beverages, corrugated cardboard boxes, lime processing, coconut processing
|exports = {{decrease}} $185.1 million (2017 est.)<ref name="CIAWFST">{{cite web |url=https://www.cia.gov/the-world-factbook/countries/saint-lucia/ |date=12 February 2022 |title=The World Factbook |publisher=[[Central Intelligence Agency]] |website=CIA.gov |access-date=16 November 2019 |archive-url=https://web.archive.org/web/20220212013122/https://www.cia.gov/the-world-factbook/countries/saint-lucia/ |archive-date=2022-02-12 |url-status=live}}</ref>
|export-goods = crude petroleum, beer, jewelry, bananas, refined petroleum, rum
|export-partners = {{plainlist|
*United States 17.2%
*[[Guyana]] 16.3%
*[[Trinidad and Tobago]] 14.2%
*[[Barbados]] 8.84%
*[[Suriname]] 6.84% (2022)<ref name="OECExport">{{cite web |title=Export Partners of Saint Lucia |url=https://oec.world/en/visualize/tree_map/hs92/export/lca/show/all/2022 |publisher=[[The Observatory of Economic Complexity]] |access-date=10 March 2024}}</ref>}}
|imports = {{increase}} $600 million (2017 est.)<ref name="CIAWFST"/>
|import-goods = crude petroleum, refined petroleum, cars, poultry meats, natural gas
|import-partners = {{plainlist|
*United States 75.9% (2022)<ref name="OECImport">{{cite web |title=Import Partners of Saint Lucia |url=https://oec.world/en/visualize/tree_map/hs92/import/lca/show/all/2022 |publisher=[[The Observatory of Economic Complexity]] |access-date=10 March 2024}}</ref>}}
|gross external debt = $570.6 million (31 December 2017 est.)<ref name="CIAWFST"/>
|public debt = {{increaseNegative}} 71.2% of GDP (2017 est.)
|revnue = 398.2 million (2017 est.)<ref name="CIAWFST"/>
|expenses = 392.8 million (2017 est.)<ref name="CIAWFST"/>
|balance = +0.3% (of GDP) (2017 est.)<ref name="CIAWFST"/>
|aid = 
|reserves = {{increase}} $321.8 million (31 December 2017 est.)<ref name="CIAWFST"/>
|credit = 
|cianame = saint-lucia
}}

Once a single-crop agricultural economy, [[Saint Lucia]] has shifted to a tourism and banking serviced-based economy. [[Tourism in Saint Lucia|Tourism]], the island's biggest industry and main source of jobs, income and foreign exchange, accounts for 65% of its [[Gross domestic product|GDP]]. [[Agriculture]], which was once the biggest industry, now contributes to less than 3% of GDP, but still accounts for 20% of jobs.<!-- agriculture produced lower-value products - read below {{clarify|date=May 2020}} --> The [[banana industry]] is now on a decline due to strong competition from low-cost Latin American producers and reduced European trade preferences, but the government has helped revitalize the industry, with 13,734 tonnes exported in 2018. Agricultural crops grown for export are bananas, mangoes, and avocados. The island is considered to have the most diverse and well-developed [[Manufacturing|manufacturing industry]] in the eastern Caribbean.

Saint Lucia has been able to attract many foreign businesses and investors.{{citation needed|date=February 2021}}

== Economic history ==
The island's banana output was heavily impacted in 2007 by <!-- the passage of --> [[Hurricane Dean]].<ref>{{cite web |url=http://www.caribank.org/titanweb/cdb/webcms.nsf/AllDocSearch/0C0401235E883FF00425745E0049DD18/$File/St.Lucia.doc?OpenElement |title=Archived copy |access-date=2009-09-18 |url-status=dead |archive-url=https://web.archive.org/web/20110617062151/http://www.caribank.org/titanweb/cdb/webcms.nsf/AllDocSearch/0C0401235E883FF00425745E0049DD18/$File/St.Lucia.doc?OpenElement |archive-date=17 June 2011 }} 2008 Statement of St. Lucia Governor to Caribbean Bank meeting. Retrieved 18 September 2009</ref> In 2006, the governor stated:
:While living standards have improved for many, a large number of people have been pushed to the margin of economic activity, especially in the areas which once depended heavily on the banana industry for a livelihood.<ref>http://www.caribank.org/titanweb/cdb/webcms.nsf/AllDocSearch/8093C83F1D518E67042574L200628E65/$File/StLuciaStatement.pdf?OpenElement{{dead link|date=April 2018 |bot=InternetArchiveBot |fix-attempted=yes }} 2006 Statement of St. Lucia Governor to Caribbean Bank meeting. Retrieved 18 September 2009</ref>
[[File:St. Lucia Bananas (49979241356).jpg|thumb|St. Lucia Bananas]]

== Sectors ==

=== Agriculture ===
{{unreferenced section|date=June 2020}}
Agriculture is the second-largest industry in Saint Lucia. In 2020, agriculture only contributed 2.2% to Saint Lucia's GDP, but still accounts for a significant number of jobs - some 10% of the employed population. As of the 2010 census, the roughly 10,000 agricultural holdings covered an area of 30,204 acres, an average of 3.0 acres per agricultural holding.

About 18% of the land is used for agricultural practices.<ref name=CIA>{{cite web|url=https://www.cia.gov/the-world-factbook/countries/saint-lucia/|title=CIA Factobook, Saint Lucia|website=Central Intelligence Agency|access-date=August 22, 2021|archive-date=12 February 2022|archive-url=https://web.archive.org/web/20220212013122/https://www.cia.gov/the-world-factbook/countries/saint-lucia/|url-status=live}}</ref> Most farms consist of less than 5 acres of land. The main agricultural products grown in Saint Lucia are [[banana]]s, [[coconut]]s, [[cocoa bean]]s, [[mango]]es, [[avocado]]s, vegetables, citrus fruits, and root crops such as [[Yam (vegetable)|yams]] and [[sweet potato]]es. Most of these agricultural products are grown for local consumption, but bananas and coconuts are mainly grown for export, with some vegetables. Bananas occupy about 14,826 acres of the agricultural land, while coconuts occupy 12,400 acres.

Saint Lucia has a small livestock sector, which is dominated by [[poultry]] and [[pork]]. The island is self-sufficient in egg production and is trying to become self-sufficient in poultry and pork production. The Ministry of Agriculture is encouraging farmers to raise [[sheep]] and [[goat]]s to reduce the island's importation of frozen meats, and has helped by providing support to farmers, importing bloodlines of livestock to increase the productivity of animals, and providing subsidies on animal feed.

Help is also being given to revitalize the local [[Dairy farming|dairy]] and [[beef]] industries through the introduction of efficient [[cattle breed]]s, training of farmers to care properly for livestock, and establishing funds for the construction of dairy units and [[Slaughterhouse|abattoirs]].

The island is also looking to expand its exports under the Taste of Saint Lucia brand sponsored by Export Saint Lucia. Products that are being promoted include Saint Lucia Honey, rum, chocolate, coconut oil, granola, and insect repellent.

===Tourism===
The island currently attracts over 900,000 visitors annually. St Lucia has been able to attract foreign businesses and investment, especially in its offshore banking and tourism industries. Tourism is St Lucia's main source of jobs and income, accounting for 65% of GDP, and the island's main source of foreign exchange earnings.<ref>{{Cite web|url=https://www.indexmundi.com/saint_lucia/economy_profile.html|title=St. Lucia Economic Profile 2018|date=18 January 2018|website=Index Mundi|access-date=3 October 2018|archive-date=3 October 2018|archive-url=https://web.archive.org/web/20181003181704/https://www.indexmundi.com/saint_lucia/economy_profile.html|url-status=live}}</ref> The northern end of St Lucia is tourism's most urbanized area, with a fair number of hotels and resorts located along beaches, or with seaside views. This is also home to many of the island's large, all-inclusive resorts.<ref>{{Cite web|url=https://www.tripadvisor.ca/HotelsList-St_Lucia-All-Inclusive-Resorts-zfp41258.html|title=The 10 Best St. Lucia All Inclusive Resorts 2018 (with UPDATED Prices) - TripAdvisor|website=tripadvisor.ca|language=en-CA|access-date=2018-11-25|archive-date=26 November 2018|archive-url=https://web.archive.org/web/20181126051028/https://www.tripadvisor.ca/HotelsList-St_Lucia-All-Inclusive-Resorts-zfp41258.html|url-status=live}}</ref>

==Economic trends==
The level of island households living at or below the poverty level increased from 18.7 to 21.4% from 1995 to 2005. As of 2006, another 16.2% of the island's population are vulnerable to economic shocks that could easily push them below the poverty line.  One rural district had 44.9% of households living below the poverty line (2005).<ref>''2006 Statement''</ref>

To broaden the island's economic base, the government added small, computer-driven information technology and financial services as development objectives.

St. Lucia's leading revenue producers—agriculture, tourism, and small-scale manufacturing—benefited from a focus on infrastructure improvements in roads, communications, water supply, sewerage, and port facilities. Foreign investors also have been attracted by the infrastructure improvements and by the educated and skilled work force and relatively stable political conditions. The largest investment is in a petroleum storage and [[transshipment]] terminal built by [[Hess Corporation|Hess Oil]]. The [[Caribbean Development Bank]] <!-- (CDB) --> funded an [[Hewanorra International Airport|airport]] expansion project.

Until the events of [[September 11 attacks|11 September 2001]], the tourism sector had made significant gains, experiencing a boom despite some untimely and destructive hurricanes. Stay-over visitors and cruise arrivals declined in 2001, and several hotels declared bankruptcy, including the Hyatt. The development of the tourism sector remains a priority, and the government is committed to providing a favourable investment environment. Incentives are available for building and upgrading tourism facilities. Use of public funds to improve the physical infrastructure of the island has been liberal, and the government has made efforts to attract cultural and sporting events and develop historical sites.

==Overview==
St. Lucia's economy depends primarily on revenue from tourism and banana production, with some contribution from small-scale manufacturing.

Although banana revenues have helped fund the country's development since the 1960s, the industry is now in a terminal decline, due to reduced [[European Union]] trade preferences and competition from lower-cost Latin American banana producers. The country is encouraging farmers to plant crops such as cocoa, mangoes, and avocados to diversify its agricultural production and provide jobs for displaced banana workers.

Tourism recovered in 2004, following the post-11 September 2001 recession, and continued to grow in 2005, making up more than 48% of St. Lucia's GDP. The hotel and restaurant industry grew by 6.3% during 2005. Stay-over arrivals increased by 6.5%, and the United States remained the most important market, accounting for 35.4% of these arrivals. Yacht passengers rose by 21.9%. Redeployment of cruise ships, remedial berth construction, and high fuel costs prevented higher growth rates. However, several investors have planned new tourism projects for the island, including a large hotel and resort in the southern part of the island. The global recession has caused a reduction in tourist revenue and foreign investment, significantly slowing growth rates.

St. Lucia's currency is the Eastern Caribbean Dollar (EC$), a regional currency shared among members of the Eastern Caribbean Currency Union (ECCU). The Eastern Caribbean Central Bank (ECCB) issues the EC$, manages monetary policy, and regulates and supervises commercial banking activities in its member countries. The ECCB has kept the EC$ pegged at EC$2.7 = US$1.

St. Lucia is a beneficiary of the U.S. Caribbean Basin Initiative and is a member of the Caribbean Community and Common Market. The country hosts the executive secretariat of the Organization of Eastern Caribbean States.

St. Lucia is the headquarters of the Eastern Caribbean Telecommunications authority, which is developing the regulations to liberalize the telecommunications sector in the region by 2004.

==Economic statistics==
[[File:Saint Lucia electricity production.svg|thumb|Saint Lucia electricity production by source|300px]]
'''GDP:''' purchasing power parity - $1,667 billion (2016 est.)

'''GDP - real growth rate:''' 3.5% (2012 est.)

'''GDP - per capita:''' purchasing power parity - $12,952 (2016 est.)<ref>{{Cite web|url=https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=LC|title=GDP per capita, PPP (Current international $) - St. Lucia &#124; Data|access-date=9 May 2018|archive-date=9 May 2018|archive-url=https://web.archive.org/web/20180509220811/https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=LC|url-status=live}}</ref>

'''GDP - composition by sector:'''
*''agriculture:'' 2.43%
*''industry:'' 13.43%
*''services:'' 84.14% (2016 est.)

'''Population below poverty line:''' 21.4% (2005)

'''Household income or consumption by percentage share:'''
<BR>''lowest 10%:''
NA%
<BR>''highest 10%:''
NA%

'''Inflation rate (consumer prices):''' -0.934% (2016 est.)

'''Labour force:''' 50,300 (2011)

'''Labour force - by occupation:'''
*agriculture 21.7%,
*industry and commerce 24.7%,
*services 53.6% (2002 est.)

'''Unemployment rate:''' 15% (2013 est.)

'''Pay:'''
best is $350 a week

'''Budget:'''
<BR>''revenues:''
$141.2 million
<BR>''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:'''
<BR>''fossil fuel:''
100%
<BR>''hydro:''
0%
<BR>''nuclear:''
0%
<BR>''other:''
0% (1998)

'''Electricity - consumption:''' 102 KWh (1998)

'''Agriculture - products:'''<BR>
bananas, coconuts, vegetables, citrus, root crops, cocoa

'''Exports:''' $82 million (2004)

'''Exports - commodities:'''<BR>
bananas 41%, clothing, cocoa, vegetables, fruits, [[coconut oil]]

'''Exports - partners:'''<BR>
[[France]] 25%, [[United States]] 18.3%, [[United Kingdom]] 14.5%, [[Brazil]] 6.8% (2005)

'''Imports:'''
$410 million (2004)

'''Imports - commodities:'''<BR>
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

==References==
{{Reflist}}

{{Saint Lucia topics}}
{{Caribbean in topic|Economy of}}
{{Americas topic|Economy of}}
{{authority control}}

[[Category:Economy of Saint Lucia| ]]
[[Category:World Trade Organization member economies|Saint Lucia]]