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Economy of Palestine vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Palestine has a GDP of $13.7B compared to $2.55B for Saint Lucia, ranking 146/197 and 173/197 by economy size, respectively.

Palestine vs Saint Lucia GDP by year

Palestine
Saint Lucia
1x
Year GDP, current $
Palestine Saint Lucia
2024 $13,711,100,000 $2,549,062,963
2023 $17,847,900,000 $2,430,166,667
2022 $19,165,500,000 $2,342,714,815
2021 $18,109,000,000 $1,867,185,185
2020 $15,531,700,000 $1,499,274,074
2019 $17,133,500,000 $2,095,344,444
2018 $16,276,600,000 $2,060,955,556
2017 $16,128,000,000 $1,998,503,704
2016 $15,405,400,000 $1,868,544,444
2015 $13,972,400,000 $1,807,640,741
2014 $13,989,700,000 $1,749,185,185
2013 $13,515,500,000 $1,660,392,593
2012 $12,208,400,000 $1,598,207,407
2011 $11,186,100,000 $1,568,370,370
2010 $9,681,500,000 $1,482,385,185
2009 $8,085,700,000 $1,401,507,889
2008 $7,310,400,000 $1,437,731,111
2007 $5,815,700,000 $1,336,088,815
2006 $5,348,300,000 $1,268,319,185
2005 $5,125,700,000 $1,135,555,556
2004 $4,603,100,000 $1,066,666,667
2003 $3,968,000,000 $987,407,407
2002 $3,555,800,000 $900,000,000
2001 $4,003,700,000 $892,592,593
2000 $4,313,600,000 $932,592,593
1999 $4,271,200,000 $921,851,852
1998 $4,067,800,000 $877,407,407
1997 $3,759,800,000 $805,925,926
1996 $3,409,600,000 $788,888,889
1995 $3,282,800,000 $762,962,963
1994 $2,843,300,000 $713,703,704
1993 - $684,814,815
1992 - $674,074,074
1991 - $613,703,704
1990 - $579,629,630
1989 - $486,666,667
1988 - $429,629,630
1987 - $375,555,556
1986 - $340,000,000
1985 - $284,444,444
1984 - $251,481,481
1983 - $197,037,037
1982 - $183,333,333
1981 - $194,444,444
1980 - $170,370,370

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

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

GDP per capita in Palestine vs Saint Lucia by year

Palestine
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Palestine Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,592 $4,371 $14,182 $27,567
2023 $3,455 $5,950 $13,555 $25,975
2022 $3,800 $6,163 $13,104 $24,599
2021 $3,679 $5,663 $10,459 $19,101
2020 $3,234 $5,956 $8,411 $14,912
2019 $3,657 $6,508 $11,794 $18,710
2018 $3,562 $6,216 $11,643 $17,433
2017 $3,620 $6,107 $11,333 $16,131
2016 $3,528 $6,062 $10,638 $15,307
2015 $3,272 $5,770 $10,335 $14,353
2014 $3,352 $5,382 $10,045 $14,403
2013 $3,315 $5,288 $9,577 $14,010
2012 $3,067 $5,215 $9,260 $13,443
2011 $2,881 $4,495 $9,129 $13,471
2010 $2,557 $4,121 $8,674 $12,718
2009 $2,192 $3,950 $8,251 $12,600
2008 $2,035 $3,713 $8,517 $12,969
2007 $1,664 $3,486 $7,964 $12,199
2006 $1,570 $3,354 $7,611 $11,758
2005 $1,544 $3,372 $6,863 $10,818
2004 $1,422 $3,014 $6,495 $10,610
2003 $1,258 $2,469 $6,059 $9,707
2002 $1,156 $2,179 $5,568 $9,205
2001 $1,336 $2,515 $5,570 $9,106
2000 $1,476 $2,783 $5,880 $9,314
1999 $1,499 $3,052 $5,883 $9,214
1998 $1,465 $2,852 $5,673 $8,965
1997 $1,389 $2,530 $5,282 $8,456
1996 $1,317 $2,269 $5,244 $8,490
1995 $1,327 $2,302 $5,148 $8,222
1994 $1,202 $2,201 $4,892 $8,041
1993 - - $4,765 $7,865
1992 - - $4,760 $7,753
1991 - - $4,399 $7,127
1990 - - $4,205 $6,951
1989 - - $3,565 -
1988 - - $3,182 -
1987 - - $2,819 -
1986 - - $2,591 -
1985 - - $2,202 -
1984 - - $1,979 -
1983 - - $1,576 -
1982 - - $1,489 -
1981 - - $1,605 -
1980 - - $1,428 -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

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

Palestine's GDP per capita is $2,592, ranking 147/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Palestine ranks 164th at $4,371, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Palestine Saint Lucia
Gross domestic product
$13.7B
2024
$2.55B
2024
GDP rank
146/197
2024
173/197
2024
GDP growth
-26.6%
2023-2024
3.89%
2023-2024
GDP per capita
$2,592
2024
$14,182
2024
GDP per capita rank
147/197
2024
70/197
2024
GDP per capita, PPP
$4,371
2024
$27,567
2024
GDP per capita PPP rank
164/197
2024
75/197
2024
Government debt n/a
$1.97B
2024
Debt-to-GDP ratio n/a
77.2%
2024
Government debt per person n/a
$10,952
2024
Government debt per person rank n/a
52/185
2024
Average annual personal income after taxes
$6,862
2026
$10,412
2026
Market capitalization of domestic companies
$4.08B
2024
n/a
Income share by richest 10%
27.1%
2023
34.1%
2015
Income share by poorest 10%
2.5%
2023
2.1%
2015
Government expenditure, % of GDP
20%
2025
24.5%
2024
Consumer prices inflation
53.7%
2023-2024
-0.11%
2023-2024
Unemployment rate
31.4%
2024
10.1%
2024
Population
5500288
180638

Inflation comparison by year

Inflation
Palestine

Saint Lucia
1x
Year Consumer prices inflation
Palestine Saint Lucia
2024 53.7% -0.11%
2023 5.87% 4.07%
2022 3.74% 6.38%
2021 1.24% 2.41%
2020 -0.74% -1.76%
2019 1.58% 0.54%
2018 -0.2% 1.94%
2017 0.21% 0.1%
2016 -0.22% -3.08%
2015 1.43% -0.98%
2014 1.73% 3.52%
2013 1.72% 1.47%
2012 2.78% 4.18%
2011 2.88% 2.77%
2010 3.75% 3.25%
2009 2.75% -0.16%
2008 9.89% 5.55%
2007 1.86% 2.82%
2006 3.84% 2.4%
2005 4.11% 3.9%
2004 3% 1.46%
2003 4.4% 1.03%
2002 5.71% -0.26%
2001 1.22% 5.31%
2000 2.8% 3.71%
1999 5.54% 3.5%
1998 5.58% 3.2%
1997 7.09% -0.006%

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

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

Over the past 28 years, Palestine has recorded an average annual inflation rate of 4.9%, compared with 2.04% in Saint Lucia. In 2024, inflation was 53.7% in Palestine and -0.11% in Saint Lucia.

Balance of trade

Palestine Saint Lucia
Current account balance
-$2.9B
2024
-$64.1M
2024
Current account balance ranking
155/190
2024
86/190
2024
Current account balance, % of GDP
-21.1%
2024
-2.52%
2024
Goods imports
$6.87B
2024
$848M
2024
Goods exports
$2.37B
2024
$137M
2024
Service imports
$1.39B
2024
$598M
2024
Service exports
$514M
2024
$1.46B
2024
Imports of goods and services, % of GDP
60.3%
2024
n/a
Exports of goods and services, % of GDP
21%
2024
19%
2025

Economic freedom indices

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

Palestine Saint Lucia
Economic freedom 30 67.5
Economic freedom ranking 192/197 57/197
Property rights n/a 64.3
Government integrity n/a 59.7
Judicial effectiveness n/a 77.3
Tax burden n/a 77.7
Government spending n/a 82.6
Fiscal health n/a 80
Business freedom n/a 71.9
Labor freedom n/a 65.2
Monetary freedom n/a 81
Trade freedom n/a 60
Investment freedom n/a 50
Financial freedom n/a 40

Other economic metrics

Palestine Saint Lucia
Services, % of GDP
58.5%
2023
75.9%
2024
Industry, % of GDP
15.6%
2023
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
5.7%
2023
1.13%
2024
GNI, Atlas method
$14.3B
2024
$2.27B
2024
GNI per capita, PPP
$4,660
2024
$24,840
2024
Total reserves including gold
$1.33B
2024
$406M
2024
Total reserves ranking
138/177
2024
162/177
2024
Net foreign direct investment
-$151M
2024
-$187M
2024
Net inflows of foreign direct investment
$162M
2024
$187M
2024
Net outflows of foreign direct investment
$10.7M
2024
-$350K
2024
Servicing debt to the IMF, % of GNI n/a
3.42%
2024
Poverty at national poverty lines
29.2%
2016
25%
2016
Gross capital formation, % of GDP
23.5%
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/palestine/saint-lucia | CC BY

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Data sources:

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