Saint Lucia ranked 173/197 by economy size with a GDP of $2.55B and 70/197 by GDP per capita at $14,182. Saint Lucia has $1.97B in government debt, with a debt-to-GDP ratio of 77.2%.
In 2024, Saint Lucia made up 0.002% of the world's economy, compared to 0.001% in 1980.
Saint Lucia GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $2,549,062,963 | 3.89% |
| 2023 | $2,430,166,667 | 2.21% |
| 2022 | $2,342,714,815 | 20.4% |
| 2021 | $1,867,185,185 | 11.6% |
| 2020 | $1,499,274,074 | -24.4% |
| 2019 | $2,095,344,444 | -0.7% |
| 2018 | $2,060,955,556 | 2.89% |
| 2017 | $1,998,503,704 | 3.38% |
| 2016 | $1,868,544,444 | 3.43% |
| 2015 | $1,807,640,741 | 0.1% |
| 2014 | $1,749,185,185 | 1.33% |
| 2013 | $1,660,392,593 | -1.82% |
| 2012 | $1,598,207,407 | -0.11% |
| 2011 | $1,568,370,370 | 4.33% |
| 2010 | $1,482,385,185 | 0.33% |
| 2009 | $1,401,507,889 | -2.83% |
| 2008 | $1,437,731,111 | 4.95% |
| 2007 | $1,336,088,815 | 1.69% |
| 2006 | $1,268,319,185 | 6.2% |
| 2005 | $1,135,555,556 | -0.41% |
| 2004 | $1,066,666,667 | 7.27% |
| 2003 | $987,407,407 | 4.26% |
| 2002 | $900,000,000 | 0.42% |
| 2001 | $892,592,593 | -3.41% |
| 2000 | $932,592,593 | 0.05% |
| 1999 | $921,851,852 | 2.67% |
| 1998 | $877,407,407 | 6.29% |
| 1997 | $805,925,926 | -0.69% |
| 1996 | $788,888,889 | 2.92% |
| 1995 | $762,962,963 | 1.75% |
| 1994 | $713,703,704 | 1.6% |
| 1993 | $684,814,815 | 0.58% |
| 1992 | $674,074,074 | 7.95% |
| 1991 | $613,703,704 | 0.38% |
| 1990 | $579,629,630 | 9.89% |
| 1989 | $486,666,667 | 8.98% |
| 1988 | $429,629,630 | 13.9% |
| 1987 | $375,555,556 | 3.92% |
| 1986 | $340,000,000 | 14.4% |
| 1985 | $284,444,444 | 8.29% |
| 1984 | $251,481,481 | 7.27% |
| 1983 | $197,037,037 | 4.97% |
| 1982 | $183,333,333 | 2.09% |
| 1981 | $194,444,444 | 6.31% |
| 1980 | $170,370,370 | -2.22% |
| 1979 | - | 3.79% |
| 1978 | - | 10.3% |
Data sources: World Bank | Economy & Growth (1978–2024, retrieved 2026-04-06).
GeoRank.org/economy/saint-lucia | CC BY 
Saint Lucia GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $14,182 | $27,567 |
| 2023 | $13,555 | $25,975 |
| 2022 | $13,104 | $24,599 |
| 2021 | $10,459 | $19,101 |
| 2020 | $8,411 | $14,912 |
| 2019 | $11,794 | $18,710 |
| 2018 | $11,643 | $17,433 |
| 2017 | $11,333 | $16,131 |
| 2016 | $10,638 | $15,307 |
| 2015 | $10,335 | $14,353 |
| 2014 | $10,045 | $14,403 |
| 2013 | $9,577 | $14,010 |
| 2012 | $9,260 | $13,443 |
| 2011 | $9,129 | $13,471 |
| 2010 | $8,674 | $12,718 |
| 2009 | $8,251 | $12,600 |
| 2008 | $8,517 | $12,969 |
| 2007 | $7,964 | $12,199 |
| 2006 | $7,611 | $11,758 |
| 2005 | $6,863 | $10,818 |
| 2004 | $6,495 | $10,610 |
| 2003 | $6,059 | $9,707 |
| 2002 | $5,568 | $9,205 |
| 2001 | $5,570 | $9,106 |
| 2000 | $5,880 | $9,314 |
| 1999 | $5,883 | $9,214 |
| 1998 | $5,673 | $8,965 |
| 1997 | $5,282 | $8,456 |
| 1996 | $5,244 | $8,490 |
| 1995 | $5,148 | $8,222 |
| 1994 | $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/saint-lucia | CC BY
Saint Lucia has a GDP per capita of $14,182, ranking 70/197, a GDP per capita based on purchasing power parity (PPP) of $27,567, ranking 75/197, and a median annual after tax income of $10,412, ranking 74/197.
Saint Lucia GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 164 | 65 | 69 |
| 2023 | 170 | 69 | 70 |
| 2022 | 171 | 68 | 71 |
| 2021 | 174 | 70 | 76 |
| 2020 | 177 | 76 | 91 |
| 2019 | 172 | 64 | 77 |
| 2018 | 173 | 66 | 80 |
| 2017 | 172 | 64 | 81 |
| 2016 | 171 | 65 | 81 |
| 2015 | 172 | 65 | 84 |
| 2014 | 174 | 72 | 87 |
| 2013 | 175 | 73 | 86 |
| 2012 | 174 | 76 | 86 |
| 2011 | 175 | 75 | 86 |
| 2010 | 176 | 71 | 87 |
| 2009 | 175 | 69 | 83 |
| 2008 | 174 | 71 | 84 |
| 2007 | 172 | 68 | 82 |
| 2006 | 170 | 64 | 76 |
| 2005 | 167 | 63 | 75 |
| 2004 | 167 | 58 | 74 |
| 2003 | 166 | 56 | 74 |
| 2002 | 165 | 55 | 74 |
| 2001 | 164 | 56 | 72 |
| 2000 | 161 | 55 | 68 |
| 1999 | 158 | 53 | 62 |
| 1998 | 161 | 53 | 60 |
| 1997 | 163 | 56 | 63 |
| 1996 | 162 | 54 | 58 |
| 1995 | 161 | 51 | 58 |
| 1994 | 158 | 51 | 58 |
| 1993 | 157 | 50 | 57 |
| 1992 | 153 | 51 | 57 |
| 1991 | 155 | 51 | 65 |
| 1990 | 154 | 53 | 64 |
| 1989 | 142 | 50 | - |
| 1988 | 140 | 54 | - |
| 1987 | 139 | 55 | - |
| 1986 | 134 | 56 | - |
| 1985 | 136 | 60 | - |
| 1984 | 135 | 63 | - |
| 1983 | 135 | 74 | - |
| 1982 | 137 | 76 | - |
| 1981 | 136 | 75 | - |
| 1980 | 137 | 76 | - |
Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).
GeoRank.org/economy/saint-lucia | CC BY
Compared with 2000, in 2024 Saint Lucia is ranked 164th out of 182 by GDP (down from 161st), 65th by GDP per capita (down from 55th), and 69th by GDP per capita PPP (down from 68th).
Economic indicators
Saint Lucia
|
Rank | |
|---|---|---|
| Gross domestic product |
$2.55B
2024 |
173/197 |
| GDP growth |
3.89%
2023-2024 |
72/194 |
| GDP per capita |
$14,182
2024 |
70/197 |
| GDP per capita, PPP |
$27,567
2024 |
75/197 |
| Government debt |
$1.97B
2024 |
158/185 |
| Debt-to-GDP ratio |
77.2%
2024 |
46/185 |
| Government debt per person |
$10,952
2024 |
52/185 |
| Average annual personal income after taxes |
$10,412
2026 |
74/197 |
| Income share by richest 10% |
34.1%
2015 |
23/169 |
| Income share by poorest 10% |
2.1%
2015 |
134/169 |
| Government expenditure, % of GDP |
24.5%
2024 |
126/195 |
| Consumer prices inflation |
-0.11%
2023-2024 |
186/195 |
| Unemployment rate |
10.1%
2024 |
38/196 |
| Population |
180638
|
178/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 24.5% | 77.2% | -2.13% |
| 2023 | 25.6% | 76.6% | -3.09% |
| 2022 | 23% | 74.4% | -1.67% |
| 2021 | 27.4% | 87% | -5.1% |
| 2020 | 34.9% | 100% | -12% |
| 2019 | 25.1% | 62.1% | -3.51% |
| 2018 | 23.2% | 60.5% | -1.03% |
| 2017 | 23.3% | 60.4% | -1.14% |
| 2016 | 23% | 61.3% | -0.79% |
| 2015 | 23.7% | 61.1% | -2.35% |
| 2014 | 23.6% | 62.4% | -3.08% |
| 2013 | 25.4% | 62.1% | -4.84% |
| 2012 | 28% | 60.8% | -7.62% |
| 2011 | 27% | 55.2% | -5.38% |
| 2010 | 26% | 53% | -4.17% |
| 2009 | 24.5% | 51% | -2.67% |
| 2008 | 22.2% | 46.7% | -0.72% |
| 2007 | 22.6% | 49.1% | -1.62% |
| 2006 | 24.7% | 48.6% | -5.07% |
| 2005 | 26% | 51.9% | -6.18% |
| 2004 | 22.9% | 49.6% | -2.63% |
| 2003 | 22.9% | 45.6% | -3.23% |
| 2002 | 23.6% | 48.8% | -3.1% |
| 2001 | 22.1% | 38.1% | -3.08% |
| 2000 | 20.7% | 32.5% | -1.16% |
| 1999 | 20.9% | 28.9% | 1.62% |
| 1998 | 18.8% | 29.4% | 2.25% |
| 1997 | 19.5% | 27.2% | -1.13% |
| 1996 | 18.9% | 24.1% | -0.58% |
| 1995 | 19.2% | 22.9% | -0.13% |
| 1994 | 19.1% | 23.8% | -0.02% |
| 1993 | 21.8% | 22.9% | -0.26% |
| 1992 | 18.4% | 22.2% | -0.66% |
| 1991 | 18.4% | 19.8% | -0.43% |
| 1990 | 16.7% | 17% | 0.29% |
| 1989 | 19% | 18.1% | 0.89% |
| 1988 | 18.2% | 18.6% | 2.02% |
| 1987 | 19.9% | 19.6% | 0.56% |
| 1986 | 21.1% | 17.2% | -1.61% |
| 1985 | 20.4% | 17.1% | -1.5% |
Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).
GeoRank.org/economy/saint-lucia | CC BY
This chart shows Saint Lucia's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 40 years, Saint Lucia recorded a fiscal deficit in 34 of them, with an average annual deficit equal to 2.15% of GDP. In 2024, government spending reached $625M (24.5% of GDP), with a deficit of 2.13%.
The national debt reached $1.97B, ranking 158th out of 185 countries by total size, with a debt-to-GDP ratio of 77.2%, ranking 46th.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | -0.11% |
| 2023 | 4.07% |
| 2022 | 6.38% |
| 2021 | 2.41% |
| 2020 | -1.76% |
| 2019 | 0.54% |
| 2018 | 1.94% |
| 2017 | 0.1% |
| 2016 | -3.08% |
| 2015 | -0.98% |
| 2014 | 3.52% |
| 2013 | 1.47% |
| 2012 | 4.18% |
| 2011 | 2.77% |
| 2010 | 3.25% |
| 2009 | -0.16% |
| 2008 | 5.55% |
| 2007 | 2.82% |
| 2006 | 2.4% |
| 2005 | 3.9% |
| 2004 | 1.46% |
| 2003 | 1.03% |
| 2002 | -0.26% |
| 2001 | 5.31% |
| 2000 | 3.71% |
| 1999 | 3.5% |
| 1998 | 3.2% |
| 1997 | -0.006% |
| 1996 | 0.92% |
| 1995 | 5.63% |
| 1994 | 2.82% |
| 1993 | 0.85% |
| 1992 | 5.14% |
| 1991 | 6.15% |
| 1990 | 4.27% |
| 1989 | 4.37% |
| 1988 | 0.83% |
| 1987 | 7.02% |
| 1986 | 2.19% |
| 1985 | 1.42% |
| 1984 | 1.21% |
| 1983 | 1.47% |
| 1982 | 4.61% |
| 1981 | 15.1% |
| 1980 | 19.5% |
| 1979 | 9.39% |
| 1978 | 10.9% |
| 1977 | 8.87% |
| 1976 | 9.67% |
| 1975 | 17.7% |
| 1974 | 34.2% |
| 1973 | 13.4% |
| 1972 | 7.88% |
| 1971 | 8.39% |
| 1970 | 13.4% |
| 1969 | 2.25% |
| 1968 | 3.97% |
| 1967 | 3.21% |
| 1966 | 2.48% |
Data sources: World Bank | Economy & Growth (1966–2024, retrieved 2026-04-06).
GeoRank.org/economy/saint-lucia | CC BY
Over the past 20 years, Saint Lucia has had an average annual inflation rate of 1.96%. In 2024, inflation was -0.11%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
Saint Lucia
|
Rank | |
|---|---|---|
|
Current account balance
|
-$64.1M
2024 |
86/190 |
| Current account balance, % of GDP |
-2.52%
2024 |
111/190 |
| Goods imports |
$848M
2024 |
167/189 |
| Goods exports |
$137M
2024 |
172/189 |
| Service imports |
$598M
2024 |
156/189 |
| Service exports |
$1.46B
2024 |
119/189 |
| Exports of goods and services, % of GDP |
19%
2025 |
149/193 |
Saint Lucia top 10 trading partners
Saint Lucia's biggest trading partner accounting for 39.4% of all exports and imports is the United States, with a trade balance between the two of -$193M: Saint Lucia exports $18.9M worth of goods and services to the United States and imports $212M.
Below is the list of the top 10 trade partners of Saint Lucia.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
United States
|
$231M | 39.4% | $18.9M | $212M | Precious metals & jewellery | Machinery & equipment |
| 2 |
Trinidad
|
$83.3M | 14.2% | $8.12M | $75.1M | Processed food, beverages & tobacco | Raw materials & minerals |
| 3 |
United Kingdom
|
$40M | 6.83% | $6.05M | $33.9M | Raw agricultural goods | Machinery & equipment |
| 4 |
China
|
$32M | 5.46% | $0 | $32M | Animal & marine products | Machinery & equipment |
| 5 |
Barbados
|
$17.2M | 2.94% | $5.57M | $11.7M | Processed food, beverages & tobacco | Processed food, beverages & tobacco |
| 6 |
Japan
|
$15.2M | 2.59% | $0 | $15.2M | Animal & marine products | Machinery & equipment |
| 7 |
France
|
$14.6M | 2.5% | $3.38M | $11.2M | Processed food, beverages & tobacco | Machinery & equipment |
| 8 |
Canada
|
$11.3M | 1.93% | $213K | $11.1M | Raw agricultural goods | Animal & marine products |
| 9 |
Guyana
|
$9.29M | 1.59% | $4.66M | $4.63M | Chemicals & pharma | Raw agricultural goods |
| 10 |
Saint Vincent
|
$8.34M | 1.42% | $3.29M | $5.05M | Machinery & equipment | Raw agricultural goods |
Top 10 exports
|
Saint Lucia
|
Rank | |
|---|---|---|
| Transport & tourism services | $1.09B | 115/188 |
| Business & finance services | $29.6M | 149/188 |
| Processed food, beverages & tobacco | $20.1M | 154/192 |
| IT & IP services | $12.8M | 151/183 |
| Machinery & equipment | $10.2M | 163/193 |
| Raw agricultural goods | $9.4M | 159/193 |
| Precious metals & jewellery | $6.65M | 136/190 |
| Chemicals & pharma | $5.46M | 154/193 |
| Raw materials & minerals | $5.34M | 172/193 |
| Textiles & consumer goods | $3.71M | 157/193 |
Top 10 imports
|
Saint Lucia
|
Rank | |
|---|---|---|
| Business & finance services | $293M | 128/188 |
| Transport & tourism services | $137M | 172/188 |
| Machinery & equipment | $129M | 177/193 |
| Raw materials & minerals | $83.7M | 174/193 |
| Processed food, beverages & tobacco | $80.2M | 174/193 |
| Chemicals & pharma | $59.6M | 174/193 |
| Textiles & consumer goods | $41.4M | 176/193 |
| Animal & marine products | $39.7M | 163/193 |
| Raw agricultural goods | $28.3M | 180/193 |
| Metals | $24.9M | 178/193 |
Economic freedom indices
|
Saint Lucia
|
Rank | |
|---|---|---|
| Economic freedom | 67.5 | 57/197 |
| Property rights | 64.3 | 60/182 |
| Government integrity | 59.7 | 49/182 |
| Judicial effectiveness | 77.3 | 36/182 |
| Tax burden | 77.7 | 102/182 |
| Government spending | 82.6 | 56/180 |
| Fiscal health | 80 | 78/181 |
| Business freedom | 71.9 | 59/182 |
| Labor freedom | 65.2 | 23/182 |
| Monetary freedom | 81 | 10/180 |
| Trade freedom | 60 | 149/181 |
| Investment freedom | 50 | 121/181 |
| Financial freedom | 40 | 123/181 |
Economic freedom by year
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2026 | 67.5 | 77.3 | 77.7 | 82.6 | 80 |
| 2025 | 67 | 74.6 | 78.6 | 82.5 | 74.3 |
| 2024 | 62.2 | 74.4 | 77.3 | 76.8 | 28.8 |
| 2023 | 60.7 | 58.9 | 77.8 | 73.4 | 3 |
| 2022 | 64.3 | 76.9 | 77.5 | 78.7 | 50.1 |
| 2021 | 67.5 | 66.3 | 76.9 | 83.2 | 86.2 |
| 2020 | 68.2 | 62.6 | 76.9 | 80.6 | 83.8 |
| 2019 | 68.7 | 63.8 | 76.2 | 79.3 | 81.3 |
| 2018 | 67.6 | 69.2 | 75.5 | 72.4 | 67.7 |
| 2017 | 65 | 68.8 | 76.4 | 71.6 | 53.8 |
| 2016 | 70 | - | 76.9 | 70.6 | - |
| 2015 | 70.2 | - | 77.7 | 65.8 | - |
| 2014 | 70.7 | - | 75.7 | 63.6 | - |
| 2013 | 70.4 | - | 76.9 | 63.6 | - |
| 2012 | 71.3 | - | 74.1 | 67.7 | - |
| 2011 | 70.8 | - | 74.4 | 71.4 | - |
| 2010 | 70.5 | - | 73.2 | 71.4 | - |
| 2009 | 68.8 | - | 74 | 68.5 | - |
Data sources: The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-03-09).
GeoRank.org/economy/saint-lucia | CC BY
Saint Lucia is ranked 51/174 for economic freedom with a score of 67.5, compared to 37/177 and a score of 68.8 in 2009.
Other economic metrics
|
Saint Lucia
|
Rank | |
|---|---|---|
| Services, % of GDP |
75.9%
2024 |
11/191 |
| Industry, % of GDP |
9.75%
2024 |
184/194 |
| Agriculture, forestry, and fishing, % of GDP |
1.13%
2024 |
170/193 |
|
GNI, Atlas method
|
$2.27B
2024 |
174/194 |
| GNI per capita, PPP |
$24,840
2024 |
77/191 |
| Total reserves including gold |
$406M
2024 |
162/177 |
|
Net foreign direct investment
|
-$187M
2024 |
80/189 |
|
Net inflows of foreign direct investment
|
$187M
2024 |
137/193 |
|
Net outflows of foreign direct investment
|
-$350K
2024 |
169/193 |
|
Servicing debt to the IMF, % of GNI
|
3.42%
2024 |
72/121 |
| Poverty at national poverty lines |
25%
2016 |
73/176 |
Compare Saint Lucia vs other countries
GDP per capita map
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/saint-lucia | CC BY
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Data sources:
- World Bank | Economy & Growth (1966–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
- The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-03-09)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
- TradeMap (2020–2022, retrieved 2026-02-08)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- 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.