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Economy of Saint Lucia vs San Marino compared: GDP & Debt

Updated on by Georank team

Saint Lucia has a GDP of $2.55B compared to $2.03B for San Marino, ranking 173/197 and 180/197 by economy size, respectively.

Saint Lucia has $1.97B in government debt (77.2% of GDP), compared to $1.39B (63.9% of GDP) in San Marino.

Saint Lucia vs San Marino GDP by year

Saint Lucia
San Marino
1x
Year GDP, current $
Saint Lucia San Marino
2024 $2,549,062,963 -
2023 $2,430,166,667 $2,027,527,228
2022 $2,342,714,815 $1,829,211,864
2021 $1,867,185,185 $1,855,652,786
2020 $1,499,274,074 $1,541,248,249
2019 $2,095,344,444 $1,616,340,692
2018 $2,060,955,556 $1,655,353,653
2017 $1,998,503,704 $1,528,620,346
2016 $1,868,544,444 $1,468,343,140
2015 $1,807,640,741 $1,419,401,071
2014 $1,749,185,185 $1,673,911,426
2013 $1,660,392,593 $1,678,741,475
2012 $1,598,207,407 $1,604,701,299
2011 $1,568,370,370 $1,813,717,439
2010 $1,482,385,185 $1,881,191,925
2009 $1,401,507,889 $2,064,277,126
2008 $1,437,731,111 $2,403,213,305
2007 $1,336,088,815 $2,188,654,628
2006 $1,268,319,185 $1,909,765,165
2005 $1,135,555,556 $1,786,514,058
2004 $1,066,666,667 $1,715,340,543
2003 $987,407,407 $1,462,590,267
2002 $900,000,000 $1,148,872,072
2001 $892,592,593 $1,059,529,812
2000 $932,592,593 $1,007,661,367
1999 $921,851,852 $1,109,473,368
1998 $877,407,407 $1,048,316,226
1997 $805,925,926 $976,606,911
1996 $788,888,889 -
1995 $762,962,963 -
1994 $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/saint-lucia/san-marino | CC BY

GDP per capita in Saint Lucia vs San Marino by year

Saint Lucia
GDP per capita

GDP per capita, PPP
San Marino
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Lucia San Marino
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,182 $27,567 - -
2023 $13,555 $25,975 $59,880 $78,745
2022 $13,104 $24,599 $54,191 $75,941
2021 $10,459 $19,101 $54,176 $64,745
2020 $8,411 $14,912 $44,327 $55,207
2019 $11,794 $18,710 $46,630 $57,444
2018 $11,643 $17,433 $47,951 $54,461
2017 $11,333 $16,131 $45,192 $52,463
2016 $10,638 $15,307 $44,359 $53,033
2015 $10,335 $14,353 $43,147 $52,247
2014 $10,045 $14,403 $51,260 $52,909
2013 $9,577 $14,010 $50,808 $50,770
2012 $9,260 $13,443 $47,946 $51,274
2011 $9,129 $13,471 $55,601 $56,240
2010 $8,674 $12,718 $56,543 $58,926
2009 $8,251 $12,600 $62,429 $61,970
2008 $8,517 $12,969 $75,902 $71,724
2007 $7,964 $12,199 $70,124 $71,744
2006 $7,611 $11,758 $63,271 $67,434
2005 $6,863 $10,818 $59,878 $63,739
2004 $6,495 $10,610 $58,232 $61,114
2003 $6,059 $9,707 $52,530 $60,224
2002 $5,568 $9,205 $41,791 $57,584
2001 $5,570 $9,106 $39,035 $57,252
2000 $5,880 $9,314 $37,601 $53,713
1999 $5,883 $9,214 $41,932 $52,064
1998 $5,673 $8,965 $40,127 $47,679
1997 $5,282 $8,456 $37,853 $44,426
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/san-marino | CC BY

Saint Lucia's GDP per capita is $14,182, ranking 70/197, compared to $59,880 in San Marino, ranking 15/197. Adjusted for purchasing power (GDP per capita PPP), Saint Lucia ranks 75th at $27,567, while San Marino ranks 17th at $78,745.

Economic indicators

Saint Lucia San Marino
Gross domestic product
$2.55B
2024
$2.03B
2023
GDP rank
173/197
2024
180/197
2023
GDP growth
3.89%
2023-2024
0.4%
2022-2023
GDP per capita
$14,182
2024
$59,880
2023
GDP per capita rank
70/197
2024
15/197
2023
GDP per capita, PPP
$27,567
2024
$78,745
2023
GDP per capita PPP rank
75/197
2024
17/197
2023
Government debt
$1.97B
2024
$1.39B
2023
Debt-to-GDP ratio
77.2%
2024
63.9%
2024
Government debt per person
$10,952
2024
$40,919
2023
Government debt per person rank
52/185
2024
13/185
2023
Average annual personal income after taxes
$10,412
2026
$45,474
2026
Income share by richest 10%
34.1%
2015
n/a
Income share by poorest 10%
2.1%
2015
n/a
Government expenditure, % of GDP
24.5%
2024
21%
2024
Consumer prices inflation
-0.11%
2023-2024
1.2%
2023-2024
Unemployment rate
10.1%
2024
4.91%
2022
Population
180638
33967

Spending and national debt comparison by year

Saint Lucia
Spending

Debt
San Marino
Spending

Debt
1x
Year % of GDP
Saint Lucia San Marino
Government spending Government debt Government spending Government debt
2024 24.5% 77.2% 21% 63.9%
2023 25.6% 76.6% 21.7% 68.3%
2022 23% 74.4% 21.7% 70.6%
2021 27.4% 87% 37.1% 77.2%
2020 34.9% 100% 59.2% 69.8%
2019 25.1% 62.1% 22.4% 56.2%
2018 23.2% 60.5% 24.5% 56.7%
2017 23.3% 60.4% 25.6% 56.6%
2016 23% 61.3% 23.4% 21.4%
2015 23.7% 61.1% 26.3% 19.3%
2014 23.6% 62.4% 23.7% 21%
2013 25.4% 62.1% 30.2% 23.2%
2012 28% 60.8% 30.6% 17.2%
2011 27% 55.2% 25.4% 16.6%
2010 26% 53% 24.4% 20%
2009 24.5% 51% 24.8% 20.1%
2008 22.2% 46.7% 22% 15.5%
2007 22.6% 49.1% 20.7% 12.6%
2006 24.7% 48.6% 19.7% 14.2%
2005 26% 51.9% 19.3% 14.5%
2004 22.9% 49.6% 19% 16.9%
2003 22.9% 45.6% - 16.1%
2002 23.6% 48.8% - 17.2%
2001 22.1% 38.1% - 11.6%
2000 20.7% 32.5% - -
1999 20.9% 28.9% - -
1998 18.8% 29.4% - -
1997 19.5% 27.2% - -
1996 18.9% 24.1% - -
1995 19.2% 22.9% - -
1994 19.1% 23.8% - -
1993 21.8% 22.9% - -
1992 18.4% 22.2% - -
1991 18.4% 19.8% - -
1990 16.7% 17% - -
1989 19% 18.1% - -
1988 18.2% 18.6% - -
1987 19.9% 19.6% - -
1986 21.1% 17.2% - -
1985 20.4% 17.1% - -

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/san-marino | CC BY

In 2024, Saint Lucia's government spending was $625M, accounting for 24.5% of its GDP, while San Marino spent $440M, or 21% of GDP.

Debt-to-GDP ratio is 77.2% in Saint Lucia and 63.9% in San Marino, ranking 46/185 and 71/185, respectively.

Government deficit by year

Deficit/surplus
Saint Lucia

San Marino
1x
Year Deficit/surplus, % of GDP
Saint Lucia San Marino
2024 -2.13% -0.53%
2023 -3.09% -0.72%
2022 -1.67% 0.42%
2021 -5.1% -16.4%
2020 -12% -37.6%
2019 -3.51% -0.11%
2018 -1.03% -1.56%
2017 -1.14% -3.49%
2016 -0.79% -0.19%
2015 -2.35% -3.32%
2014 -3.08% 1.06%
2013 -4.84% -7.74%
2012 -7.62% -7.08%
2011 -5.38% -4.05%
2010 -4.17% -2.24%
2009 -2.67% -2.46%
2008 -0.72% 0.18%
2007 -1.62% 1.83%
2006 -5.07% 1.51%
2005 -6.18% 3.58%
2004 -2.63% 2.44%
2003 -3.23% -
2002 -3.1% -
2001 -3.08% -
2000 -1.16% -
1999 1.62% -
1998 2.25% -
1997 -1.13% -
1996 -0.58% -
1995 -0.13% -
1994 -0.02% -
1993 -0.26% -
1992 -0.66% -
1991 -0.43% -
1990 0.29% -
1989 0.89% -
1988 2.02% -
1987 0.56% -
1986 -1.61% -
1985 -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/san-marino | CC BY

In 2023, Saint Lucia's government deficit, the difference between spending and revenue, was $75.1M, equivalent to 3.09% of GDP. This compares to San Marino's deficit of $14.7M, or 0.72% of GDP.

Over the past 20 years, Saint Lucia recorded a fiscal deficit in 20 of those years, while San Marino ran a deficit in 13 years. On average, Saint Lucia posted an annual deficit equal to 3.73% of GDP, compared to deficit of 3.8% of GDP for San Marino.

Inflation comparison by year

Inflation
Saint Lucia

San Marino
1x
Year Consumer prices inflation
Saint Lucia San Marino
2024 -0.11% 1.2%
2023 4.07% 5.9%
2022 6.38% 5.3%
2021 2.41% 1.6%
2020 -1.76% -0.1%
2019 0.54% 0.5%
2018 1.94% 1.2%
2017 0.1% 1%
2016 -3.08% 0.6%
2015 -0.98% 0.1%
2014 3.52% 1.1%
2013 1.47% 1.6%
2012 4.18% 2.8%
2011 2.77% 2.2%
2010 3.25% 2.4%
2009 -0.16% 2.4%
2008 5.55% 4.1%
2007 2.82% 2.5%
2006 2.4% 2.1%
2005 3.9% 1.7%
2004 1.46% 1.4%
2003 1.03% 1.3%
2002 -0.26% -
2001 5.31% -
2000 3.71% -
1999 3.5% -
1998 3.2% -
1997 -0.006% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/saint-lucia/san-marino | CC BY

Over the past 22 years, Saint Lucia has recorded an average annual inflation rate of 1.9%, compared with 1.95% in San Marino. In 2024, inflation was -0.11% in Saint Lucia and 1.2% in San Marino.

Balance of trade

Saint Lucia San Marino
Current account balance
-$64.1M
2024
$446M
2023
Current account balance ranking
86/190
2024
64/190
2023
Current account balance, % of GDP
-2.52%
2024
+22%
2023
Goods imports
$848M
2024
$2.25B
2023
Goods exports
$137M
2024
$2.53B
2023
Service imports
$598M
2024
$894M
2023
Service exports
$1.46B
2024
$1.25B
2023
Imports of goods and services, % of GDP n/a
155%
2023
Exports of goods and services, % of GDP
19%
2025
186%
2023

Economic freedom indices

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

Saint Lucia San Marino
Economic freedom 67.5 76
Economic freedom ranking 57/197 16/197
Property rights 64.3 n/a
Government integrity 59.7 n/a
Judicial effectiveness 77.3 n/a
Tax burden 77.7 n/a
Government spending 82.6 n/a
Fiscal health 80 n/a
Business freedom 71.9 n/a
Labor freedom 65.2 n/a
Monetary freedom 81 n/a
Trade freedom 60 n/a
Investment freedom 50 n/a
Financial freedom 40 n/a

Other economic metrics

Saint Lucia San Marino
Services, % of GDP
75.9%
2024
56.9%
2023
Industry, % of GDP
9.75%
2024
35.8%
2023
Agriculture, forestry, and fishing, % of GDP
1.13%
2024
0.02%
2023
GNI, Atlas method
$2.27B
2024
$1.82B
2023
GNI per capita, PPP
$24,840
2024
$71,860
2023
Total reserves including gold
$406M
2024
$759M
2024
Total reserves ranking
162/177
2024
146/177
2024
Net foreign direct investment
-$187M
2024
$52.7M
2023
Net inflows of foreign direct investment
$187M
2024
-$18.1M
2023
Net outflows of foreign direct investment
-$350K
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.42%
2024
n/a
Poverty at national poverty lines
25%
2016
n/a
Gross capital formation, % of GDP n/a
16.6%
2023

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/saint-lucia/san-marino | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  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.