Support our Sponsor

. . Flags of the World Maps of All Countries
  • 2001 INDEX
  • 2000 INDEX
  • 1999 INDEX
  • 1997 INDEX
  • 1996 INDEX
  • Country Ranks



    [TOP]
  • Geographic.org Home PageCountry Index

    Saint Lucia Economy 1998
    http://www.greekorthodoxchurch.org/wfb1998/saint_lucia/saint_lucia_economy.html
    SOURCE: 1998 CIA WORLD FACTBOOK

      Economy - overview Though foreign investment in manufacturing and information processing in recent years has increased Saint Lucia's industrial base, the economy remains vulnerable due to its heavy dependence on banana production, which is subject to periodic droughts and tropical storms. Indeed, the destructive effect of Tropical Storm Iris in mid-1995 caused the loss of 20% of the year's banana crop. Increased competition from Latin American bananas will probably further reduce market prices, exacerbating Saint Lucia's need to diversify its economy in coming years, e.g., by further expanding tourism, manufacturing, and construction.

      GDP purchasing power parity - $600 million (1996 est.)

      GDP - real growth rate 0.8% (1996 est.)

      GDP - per capita purchasing power parity - $3,800 (1996 est.)

      GDP - composition by sector
      agriculture: 10.7%
      industry: 32.3%
      services: 57% (1996 est.)

      Inflation rate - consumer price index -2.3% (1996 est.)

      Labor force
      total: 43,800
      by occupation: agriculture 43.4%, services 38.9%, industry and commerce 17.7% (1983 est.)

      Unemployment rate 15% (1996 est.)

      Budget
      revenues: $155 million
      expenditures: $169 million, including capital expenditures of $48 million (FY96/97 est.)

      Industries clothing, assembly of electronic components, beverages, corrugated cardboard boxes, tourism, lime processing, coconut processing

      Industrial production growth rate 2.8% (1996 est.)

      Electricity - capacity 22,000 kW (1995)

      Electricity - production 110 million kWh (1995)

      Electricity - consumption per capita 705 kWh (1995)

      Agriculture - products bananas, coconuts, vegetables, citrus, root crops, cocoa

      Exports
      total value: $79.5 million (f.o.b., 1996 est.)
      commodities: bananas 41%, clothing, cocoa, vegetables, fruits, coconut oil
      partners: UK 50%, US 24%, Caricom countries 16% (1995)

      Imports
      total value: $270.6 million (f.o.b., 1996 est.)
      commodities: food 23%, manufactured goods 21%, machinery and transportation equipment 19%, chemicals, fuels
      partners: US 36%, Caricom countries 22%, UK 11%, Japan 5%, Canada 4% (1995)

      Debt - external $131 million (1996)

      Economic aid
      recipient: ODA, $NA

      Currency 1 EC 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

      NOTE: The information regarding Saint Lucia on this page is re-published from the 1998 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Saint Lucia Economy 1998 information contained here. All suggestions for corrections of any errors about Saint Lucia Economy 1998 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please put this page in your BOOKMARKS - - - - -


    Enter your e-mail address to receive e-mail when this page is updated.
    Your Internet e-mail address:


    http://www.greekorthodoxchurch.org/wfb1998/saint_lucia/saint_lucia_economy.html

    Revised 21-Dec-01
    Copyright © 2001 Photius Coutsoukis (all rights reserved)


    ctr12/21/01