Skip to content

Economy of Ethiopia vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Ethiopia has a GDP of $150B compared to $2.55B for Saint Lucia, ranking 60/197 and 173/197 by economy size, respectively.

Ethiopia has $48.9B in government debt (32.7% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Ethiopia vs Saint Lucia GDP by year

Ethiopia
Saint Lucia
1x
Year GDP, current $
Ethiopia Saint Lucia
2024 $149,740,297,953 $2,549,062,963
2023 $135,874,093,202 $2,430,166,667
2022 $123,140,304,666 $2,342,714,815
2021 $109,070,960,372 $1,867,185,185
2020 $98,676,811,061 $1,499,274,074
2019 $91,834,517,113 $2,095,344,444
2018 $83,337,901,072 $2,060,955,556
2017 $76,366,081,767 $1,998,503,704
2016 $68,475,871,210 $1,868,544,444
2015 $62,103,418,182 $1,807,640,741
2014 $55,612,228,234 $1,749,185,185
2013 $47,648,276,605 $1,660,392,593
2012 $43,310,721,414 $1,598,207,407
2011 $31,952,763,089 $1,568,370,370
2010 $29,933,790,334 $1,482,385,185
2009 $32,437,389,116 $1,401,507,889
2008 $27,066,912,635 $1,437,731,111
2007 $19,707,616,773 $1,336,088,815
2006 $15,280,861,835 $1,268,319,185
2005 $12,401,139,454 $1,135,555,556
2004 $10,131,187,261 $1,066,666,667
2003 $8,623,691,300 $987,407,407
2002 $7,850,809,498 $900,000,000
2001 $8,231,326,016 $892,592,593
2000 $8,242,349,618 $932,592,593
1999 $7,892,973,532 $921,851,852
1998 $8,013,274,132 $877,407,407
1997 $8,803,539,988 $805,925,926
1996 $8,761,215,548 $788,888,889
1995 $7,855,205,207 $762,962,963
1994 $7,100,806,754 $713,703,704
1993 $9,051,043,870 $684,814,815
1992 $10,754,799,037 $674,074,074
1991 $13,799,799,324 $613,703,704
1990 $12,478,943,895 $579,629,630
1989 $11,762,932,007 $486,666,667
1988 $11,181,119,718 $429,629,630
1987 $10,790,001,558 $375,555,556
1986 $10,094,328,898 $340,000,000
1985 $9,717,392,687 $284,444,444
1984 $8,298,309,581 $251,481,481
1983 $8,781,664,427 $197,037,037
1982 $7,899,988,841 $183,333,333
1981 $7,507,663,567 $194,444,444
1980 $7,012,585,454 $170,370,370
1979 $6,586,048,398 -
1978 $6,014,961,435 -
1977 $5,651,840,585 -
1976 $4,943,806,093 -
1975 $4,577,047,854 -
1974 $4,577,209,966 -
1973 $4,070,570,550 -
1972 $3,520,252,938 -
1971 $3,224,280,835 -
1970 $3,045,354,455 -
1969 $2,768,987,372 -
1968 $2,619,948,865 -
1967 $2,461,762,003 -
1966 $2,324,466,416 -
1965 $2,159,998,591 -
1964 $1,984,129,186 -
1963 $1,825,058,828 -
1962 $1,747,566,307 -
1961 $1,680,859,514 -
1960 $1,610,511,694 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/ethiopia/saint-lucia | CC BY

GDP per capita in Ethiopia vs Saint Lucia by year

Ethiopia
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,134 $3,288 $14,182 $27,567
2023 $1,056 $3,061 $13,555 $25,975
2022 $982 $2,845 $13,104 $24,599
2021 $893 $2,588 $10,459 $19,101
2020 $830 $2,407 $8,411 $14,912
2019 $793 $2,242 $11,794 $18,710
2018 $740 $2,095 $11,643 $17,433
2017 $696 $2,005 $11,333 $16,131
2016 $642 $1,858 $10,638 $15,307
2015 $598 $1,633 $10,335 $14,353
2014 $550 $1,485 $10,045 $14,403
2013 $484 $1,253 $9,577 $14,010
2012 $452 $1,179 $9,260 $13,443
2011 $343 $1,098 $9,129 $13,471
2010 $331 $996 $8,674 $12,718
2009 $369 $899 $8,251 $12,600
2008 $316 $845 $8,517 $12,969
2007 $237.1 $770 $7,964 $12,199
2006 $189.3 $693 $7,611 $11,758
2005 $158.2 $625 $6,863 $10,818
2004 $133.2 $558 $6,495 $10,610
2003 $116.8 $493 $6,059 $9,707
2002 $109.6 $509 $5,568 $9,205
2001 $118.5 $509 $5,570 $9,106
2000 $122.3 $474 $5,880 $9,314
1999 $120.7 $450 $5,883 $9,214
1998 $126.5 $436 $5,673 $8,965
1997 $143.4 $461 $5,282 $8,456
1996 $147.3 $453 $5,244 $8,490
1995 $136.5 $409 $5,148 $8,222
1994 $127.7 $391 $4,892 $8,041
1993 $168.5 $384 $4,765 $7,865
1992 $207.4 $343 $4,760 $7,753
1991 $277.6 $383 $4,399 $7,127
1990 $262.1 $417 $4,205 $6,951
1989 $256.4 - $3,565 -
1988 $253.2 - $3,182 -
1987 $254.1 - $2,819 -
1986 $246 - $2,591 -
1985 $243.9 - $2,202 -
1984 $214.2 - $1,979 -
1983 $232.7 - $1,576 -
1982 $215.3 - $1,489 -
1981 $212.7 - $1,605 -
1980 $203.7 - $1,428 -
1979 $192.4 - - -
1978 $178.3 - - -
1977 $170.4 - - -
1976 $152 - - -
1975 $144.3 - - -
1974 $147.9 - - -
1973 $134.9 - - -
1972 $119.8 - - -
1971 $112.7 - - -
1970 $109.4 - - -
1969 $102.3 - - -
1968 $99.5 - - -
1967 $96.1 - - -
1966 $93.2 - - -
1965 $88.9 - - -
1964 $83.8 - - -
1963 $79.2 - - -
1962 $77.8 - - -
1961 $76.7 - - -
1960 $75.3 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/ethiopia/saint-lucia | CC BY

Ethiopia's GDP per capita is $1,134, ranking 171/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Ethiopia Saint Lucia
Gross domestic product
$150B
2024
$2.55B
2024
GDP rank
60/197
2024
173/197
2024
GDP growth
7.61%
2023-2024
3.89%
2023-2024
GDP per capita
$1,134
2024
$14,182
2024
GDP per capita rank
171/197
2024
70/197
2024
GDP per capita, PPP
$3,288
2024
$27,567
2024
GDP per capita PPP rank
175/197
2024
75/197
2024
Government debt
$48.9B
2024
$1.97B
2024
Debt-to-GDP ratio
32.7%
2024
77.2%
2024
Government debt per person
$370
2024
$10,952
2024
Government debt per person rank
172/185
2024
52/185
2024
Average annual personal income after taxes
$1,946
2026
$10,412
2026
Income share by richest 10%
24.8%
2021
34.1%
2015
Income share by poorest 10%
3.5%
2021
2.1%
2015
Government expenditure, % of GDP
9.54%
2024
24.5%
2024
Consumer prices inflation
21%
2023-2024
-0.11%
2023-2024
Unemployment rate
3.94%
2021
10.1%
2024
Population
139917664
180638

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Ethiopia Saint Lucia
Government spending Government debt Government spending Government debt
2024 9.54% 32.7% 24.5% 77.2%
2023 10.8% 38.7% 25.6% 76.6%
2022 12.7% 46.9% 23% 74.4%
2021 13.8% 53.8% 27.4% 87%
2020 14.5% 53.7% 34.9% 100%
2019 15.4% 54.7% 25.1% 62.1%
2018 16.1% 58.4% 23.2% 60.5%
2017 18% 55.3% 23.3% 60.4%
2016 17.9% 51.8% 23% 61.3%
2015 17.3% 50.7% 23.7% 61.1%
2014 17.5% 44.2% 23.6% 62.4%
2013 17.8% 44.1% 25.4% 62.1%
2012 16.6% 39.4% 28% 60.8%
2011 18.2% 44.6% 27% 55.2%
2010 18.5% 39.4% 26% 53%
2009 17.1% 30% 24.5% 51%
2008 18.8% 56.1% 22.2% 46.7%
2007 20.5% 55.7% 22.6% 49.1%
2006 22.1% 79.6% 24.7% 48.6%
2005 22.9% 78.2% 26% 51.9%
2004 23.1% 103.1% 22.9% 49.6%
2003 27% 103.7% 22.9% 45.6%
2002 24.9% 107.4% 23.6% 48.8%
2001 22.4% 97.3% 22.1% 38.1%
2000 25.6% 93.6% 20.7% 32.5%
1999 25.8% 94.3% 20.9% 28.9%
1998 20.4% 86% 18.8% 29.4%
1997 17.3% 77.4% 19.5% 27.2%
1996 18.2% 129% 18.9% 24.1%
1995 16.9% 142.3% 19.2% 22.9%
1994 17.1% 150.7% 19.1% 23.8%
1993 13.4% 136.9% 21.8% 22.9%
1992 13.8% 85.4% 18.4% 22.2%
1991 16.8% 89.3% 18.4% 19.8%
1990 20.3% 91.6% 16.7% 17%
1989 24% 84.7% 19% 18.1%
1988 21.6% 84.3% 18.2% 18.6%
1987 18.4% 82.3% 19.9% 19.6%
1986 19.8% 75.7% 21.1% 17.2%
1985 19.7% 67.7% 20.4% 17.1%
1984 18.8% 65.4% - -
1983 21.3% 55.2% - -
1982 16.4% 48.8% - -
1981 14.2% 30.6% - -
1980 13.5% 18.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20).

GeoRank.org/economy/ethiopia/saint-lucia | CC BY

In 2024, Ethiopia's government spending was $14.3B, accounting for 9.54% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 32.7% in Ethiopia and 77.2% in Saint Lucia, ranking 150/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Ethiopia Saint Lucia
2024 -1.99% -2.13%
2023 -2.6% -3.09%
2022 -4.16% -1.67%
2021 -2.77% -5.1%
2020 -2.76% -12%
2019 -2.53% -3.51%
2018 -3.03% -1.03%
2017 -3.24% -1.14%
2016 -2.3% -0.79%
2015 -1.95% -2.35%
2014 -2.58% -3.08%
2013 -1.93% -4.84%
2012 -1.17% -7.62%
2011 -1.61% -5.38%
2010 -1.32% -4.17%
2009 -0.93% -2.67%
2008 -2.88% -0.72%
2007 -3.57% -1.62%
2006 -3.79% -5.07%
2005 -4.12% -6.18%
2004 -2.65% -2.63%
2003 -5.59% -3.23%
2002 -5.76% -3.1%
2001 -3.76% -3.08%
2000 -8.88% -1.16%
1999 -8.23% 1.62%
1998 -3.51% 2.25%
1997 -1.7% -1.13%
1996 -3.81% -0.58%
1995 -2.68% -0.13%
1994 -5.23% -0.02%
1993 -4% -0.26%
1992 -4.78% -0.66%
1991 -5.83% -0.43%
1990 -6.66% 0.29%
1989 -4.33% 0.89%
1988 -3.48% 2.02%
1987 -3.54% 0.56%
1986 -3.98% -1.61%
1985 -4.71% -1.5%
1984 -3.69% -
1983 -7.59% -
1982 -3.6% -
1981 -2.19% -
1980 -2.56% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

GeoRank.org/economy/ethiopia/saint-lucia | CC BY

In 2024, Ethiopia's government deficit, the difference between spending and revenue, was $2.98B, equivalent to 1.99% of GDP. This compares to Saint Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 40 years, Ethiopia recorded a fiscal deficit in 40 of those years, while Saint Lucia ran a deficit in 34 years. On average, Ethiopia posted an annual deficit equal to 3.61% of GDP, compared to deficit of 2.15% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Ethiopia

Saint Lucia
1x
Year Consumer prices inflation
Ethiopia Saint Lucia
2024 21% -0.11%
2023 30.2% 4.07%
2022 33.9% 6.38%
2021 26.8% 2.41%
2020 20.4% -1.76%
2019 15.8% 0.54%
2018 13.8% 1.94%
2017 10.7% 0.1%
2016 6.63% -3.08%
2015 9.57% -0.98%
2014 6.89% 3.52%
2013 7.46% 1.47%
2012 23.6% 4.18%
2011 33.2% 2.77%
2010 8.15% 3.25%
2009 8.48% -0.16%
2008 44.4% 5.55%
2007 17.2% 2.82%
2006 12.3% 2.4%
2005 9.97% 3.9%
2004 3.33% 1.46%
2003 13.7% 1.03%
2002 0.68% -0.26%
2001 -8.24% 5.31%
2000 0.66% 3.71%
1999 7.94% 3.5%
1998 0.89% 3.2%
1997 2.4% -0.006%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/ethiopia/saint-lucia | CC BY

Over the past 28 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 2.04% in Saint Lucia. In 2024, inflation was 21% in Ethiopia and -0.11% in Saint Lucia.

Balance of trade

Ethiopia Saint Lucia
Current account balance
-$3.79B
2024
-$64.1M
2024
Current account balance ranking
160/190
2024
86/190
2024
Current account balance, % of GDP
-2.53%
2024
-2.52%
2024
Goods imports
$19.6B
2024
$848M
2024
Goods exports
$5.58B
2024
$137M
2024
Service imports
$5.51B
2024
$598M
2024
Service exports
$7.61B
2024
$1.46B
2024
Imports of goods and services, % of GDP
11.9%
2024
n/a
Exports of goods and services, % of GDP
5.54%
2024
19%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Ethiopia Saint Lucia
Economic freedom 48.1 67.5
Economic freedom ranking 171/197 57/197
Property rights 22.1 64.3
Government integrity 33.2 59.7
Judicial effectiveness 19.1 77.3
Tax burden 78.6 77.7
Government spending 96.4 82.6
Fiscal health 84.3 80
Business freedom 44.5 71.9
Labor freedom 37.8 65.2
Monetary freedom 53.7 81
Trade freedom 57.4 60
Investment freedom 30 50
Financial freedom 20 40

Economic freedom comparison by year

Ethiopia
Saint Lucia
1x
Year Economic freedom index
Ethiopia Saint Lucia
2026 48.1 67.5
2025 48.1 67
2024 47.9 62.2
2023 48.3 60.7
2022 49.6 64.3
2021 51.7 67.5
2020 53.6 68.2
2019 53.6 68.7
2018 52.8 67.6
2017 52.7 65
2016 51.5 70
2015 51.5 70.2
2014 50 70.7
2013 49.4 70.4
2012 52 71.3
2011 50.5 70.8
2010 51.2 70.5
2009 53 68.8
2008 52.5 -
2007 53.6 -
2006 50.9 -
2005 51.1 -
2004 54.5 -
2003 48.8 -
2002 49.8 -
2001 48.9 -
2000 50.2 -
1999 46.7 -
1998 49.2 -
1997 48.1 -
1996 45.9 -
1995 42.6 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/ethiopia/saint-lucia | CC BY

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ethiopia Saint Lucia
Services, % of GDP
37.5%
2024
75.9%
2024
Industry, % of GDP
25.4%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
34.8%
2024
1.13%
2024
GNI, Atlas method
$146B
2024
$2.27B
2024
GNI per capita, PPP
$3,280
2024
$24,840
2024
Total reserves including gold
$3.78B
2024
$406M
2024
Total reserves ranking
109/177
2024
162/177
2024
Net foreign direct investment
-$4.02B
2024
-$187M
2024
Net inflows of foreign direct investment
$4.02B
2024
$187M
2024
Net outflows of foreign direct investment
$0
2024
-$350K
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
3.42%
2024
Poverty at national poverty lines
33.1%
2021
25%
2016
Gross capital formation, % of GDP
20.6%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/ethiopia/saint-lucia | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.