General profile: Saint Lucia

GENERAL INFORMATION FOR 2023

Exchange rate

Population

GDP

0.179 Millions

2 345 Millions current US$

Land area¹

CPI growth

GDP growth

(q) 610 km²

3.65 %

3.97 %

INTERNATIONAL MERCHANDISE TRADE

+0.7 %

Merchandise exports growth rate in 2023

Total merchandise trade

(millions of US$)

2005

2010

2015

2023

Merchandise exports

215

180

Merchandise imports

486

662

570

896

Merchandise trade balance

-422

-448

-390

-816

Export structure by product group in 2023

(as % of total exports)

Top 5 partners in 2023

(exports, millions of US$)

INTERNATIONAL TRADE IN SERVICES

Total trade in services²

(millions of US$)

2005

2010

2015

2023

Services exports

470

653

867

1 275

Services imports

229

306

341

476

Services trade balance

241

347

526

799

Services exports by main category²

(as % of total services)

2005

2010

2015

2023

Transport

4.8

3.3

1.7

1.1

Travel

88.3

92.4

93.4

94.2

Other services

7.0

4.4

4.6

4.5

TRADE INDICES

ECONOMIC TRENDS

+4.0 %

Gross domestic product growth rate in 2023

Economic indicators

(millions of US$ unless otherwise specified)

2005

2010

2015

2023

GDP, current

1 120

1 483

1 807

2 345

GDP per capita, current US$

6 767

8 676

10 333

13 078

Real GDP growth, y-on-y, %

-0.41

0.46

0.10

3.97

Current account balance, % of GDP

-15.73

-12.67

-0.48

-1.94

Exchange rate (/US$)

2.700

GDP by expenditure in 2022

(as % of total GDP)

FDI AND EXTERNAL FINANCIAL RESOURCES

+0.1 %

FDI outflows as % of GDP in 2023

Financial flows

(millions of US$ unless otherwise specified)

2005

2010

2015

2023

FDI inflows

78.23

121.30

(k) 210.47

(k) 185.95

FDI outflows

(k) 46.91

(k) 2.83

Personal remittances, % of GDP

2.42

1.95

2.24

Financial flows trends

(millions of US$)

TRADE IN GOODS AND SERVICES

Trade balance indicators²

(as % and index)

2005

2010

2015

2023

Balance, % of GDP

-7.91

-7.38

7.65

6.01

Balance, % of imports

-13.68

-12.31

16.41

11.06

Normalized balance

-0.073

-0.066

0.076

0.052

Trade openness²

(sum of imports and exports as % of GDP)

LIVING AREA

Population by living area in 2023

(% of population)

OTHER INDICATORS

Share of the total world merchant fleet in 2023

Maritime transport indicators

2005

2010

2015

2023

Merchant fleet, national flag (thousands of DWT)

Container port throughput (TEU)

52 479

46 585

Information economy indicators

(as % of)

2005

2010

2015

2023

Share of ICT goods, % of total exports

4.78

8.04

10.19

Share of ICT goods, % of total imports

5.52

4.39

5.05

Share of workforce involved in the ICT sector

Source: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)


	Notes:
	1	Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
	2	Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
	k	Asset/liability basis.
	q	Estimated. Data refers to 2020.


	Symbols for missing values:
	0	Zero means that the amount is nil or negligible
	..	No value reported or collected
	_	Not applicable
	...	Not available, including no quotation
	#	Non-relevant calculation
	-	Not publishable
	***	Negative accumulation of flows; Value included in regional and global totals

Abbreviations & acronyms:

DWT:

Dead weight tons

FDI:

Foreign direct investment

GDP:

Gross domestic product

ICT:

Information and communication technology

TEU:

Twenty foot equivalent unit

US$:

United States dollar

Disclaimer:

The designations employed and the presentation of the material on the UNCTAD Data Hub do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in the UNCTAD Data Hub.

Generation date: 11 October 2024