Skip to content

Economy of Saint Lucia vs Singapore compared: GDP & Debt

Updated on by Georank team

Saint Lucia has a GDP of $2.55B compared to $547B for Singapore, ranking 173/197 and 28/197 by economy size, respectively.

Saint Lucia has $1.97B in government debt (77.2% of GDP), compared to $950B (173.5% of GDP) in Singapore.

Saint Lucia vs Singapore GDP by year

Saint Lucia
Singapore
1x
Year GDP, current $
Saint Lucia Singapore
2024 $2,549,062,963 $547,386,645,892
2023 $2,430,166,667 $505,439,514,078
2022 $2,342,714,815 $509,017,841,147
2021 $1,867,185,185 $436,591,382,250
2020 $1,499,274,074 $349,165,858,545
2019 $2,095,344,444 $376,161,998,830
2018 $2,060,955,556 $377,123,710,561
2017 $1,998,503,704 $343,673,334,902
2016 $1,868,544,444 $319,646,468,521
2015 $1,807,640,741 $307,998,545,269
2014 $1,749,185,185 $314,863,580,758
2013 $1,660,392,593 $307,576,360,585
2012 $1,598,207,407 $295,092,888,077
2011 $1,568,370,370 $279,356,499,090
2010 $1,482,385,185 $239,807,980,591
2009 $1,401,507,889 $194,150,283,772
2008 $1,437,731,111 $193,617,323,539
2007 $1,336,088,815 $180,941,701,358
2006 $1,268,319,185 $148,627,286,361
2005 $1,135,555,556 $127,807,848,728
2004 $1,066,666,667 $115,033,593,101
2003 $987,407,407 $97,646,401,096
2002 $900,000,000 $92,538,372,870
2001 $892,592,593 $89,793,790,670
2000 $932,592,593 $96,076,539,926
1999 $921,851,852 $86,286,849,755
1998 $877,407,407 $85,728,207,782
1997 $805,925,926 $100,123,787,215
1996 $788,888,889 $96,293,086,513
1995 $762,962,963 $87,812,540,788
1994 $713,703,704 $73,688,724,431
1993 $684,814,815 $60,603,815,716
1992 $674,074,074 $52,131,320,033
1991 $613,703,704 $45,466,164,978
1990 $579,629,630 $36,144,336,769
1989 $486,666,667 $30,465,364,739
1988 $429,629,630 $25,371,462,488
1987 $375,555,556 $20,919,215,578
1986 $340,000,000 $18,586,746,057
1985 $284,444,444 $19,156,532,746
1984 $251,481,481 $19,749,361,098
1983 $197,037,037 $17,784,112,150
1982 $183,333,333 $16,084,252,378
1981 $194,444,444 $14,175,228,844
1980 $170,370,370 $11,896,256,783
1979 - $9,296,921,724
1978 - $7,517,176,355
1977 - $6,618,585,074
1976 - $6,327,077,974
1975 - $5,633,673,930
1974 - $5,221,534,956
1973 - $3,696,213,333
1972 - $2,721,440,981
1971 - $2,263,785,444
1970 - $1,920,574,150
1969 - $1,659,893,768
1968 - $1,425,706,091
1967 - $1,238,035,816
1966 - $1,096,425,608
1965 - $974,644,096
1964 - $894,153,311
1963 - $917,608,012
1962 - $826,239,212
1961 - $764,629,788
1960 - $704,751,700

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

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

GDP per capita in Saint Lucia vs Singapore by year

Saint Lucia
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Lucia Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,182 $27,567 $90,674 $150,689
2023 $13,555 $25,975 $85,412 $143,786
2022 $13,104 $24,599 $90,299 $143,095
2021 $10,459 $19,101 $80,056 $132,617
2020 $8,411 $14,912 $61,410 $101,518
2019 $11,794 $18,710 $65,952 $105,335
2018 $11,643 $17,433 $66,882 $103,963
2017 $11,333 $16,131 $61,236 $95,744
2016 $10,638 $15,307 $57,006 $89,902
2015 $10,335 $14,353 $55,646 $87,156
2014 $10,045 $14,403 $57,565 $84,555
2013 $9,577 $14,010 $56,967 $83,088
2012 $9,260 $13,443 $55,548 $82,108
2011 $9,129 $13,471 $53,891 $80,052
2010 $8,674 $12,718 $47,237 $75,401
2009 $8,251 $12,600 $38,927 $66,213
2008 $8,517 $12,969 $40,009 $67,735
2007 $7,964 $12,199 $39,433 $68,805
2006 $7,611 $11,758 $33,768 $64,061
2005 $6,863 $10,818 $29,961 $58,822
2004 $6,495 $10,610 $27,608 $54,384
2003 $6,059 $9,707 $23,730 $48,778
2002 $5,568 $9,205 $22,160 $45,083
2001 $5,570 $9,106 $21,700 $43,109
2000 $5,880 $9,314 $23,853 $43,781
1999 $5,883 $9,214 $21,797 $39,949
1998 $5,673 $8,965 $21,829 $37,560
1997 $5,282 $8,456 $26,376 $39,286
1996 $5,244 $8,490 $26,233 $36,873
1995 $5,148 $8,222 $24,915 $35,090
1994 $4,892 $8,041 $21,552 $33,058
1993 $4,765 $7,865 $18,290 $30,062
1992 $4,760 $7,753 $16,136 $27,022
1991 $4,399 $7,127 $14,502 $25,530
1990 $4,205 $6,951 $11,862 $23,815
1989 $3,565 - $10,395 -
1988 $3,182 - $8,914 -
1987 $2,819 - $7,539 -
1986 $2,591 - $6,800 -
1985 $2,202 - $7,002 -
1984 $1,979 - $7,228 -
1983 $1,576 - $6,633 -
1982 $1,489 - $6,078 -
1981 $1,605 - $5,597 -
1980 $1,428 - $4,928 -
1979 - - $3,901 -
1978 - - $3,194 -
1977 - - $2,846 -
1976 - - $2,759 -
1975 - - $2,490 -
1974 - - $2,342 -
1973 - - $1,685 -
1972 - - $1,264 -
1971 - - $1,071 -
1970 - - $926 -
1969 - - $813 -
1968 - - $709 -
1967 - - $626 -
1966 - - $567 -
1965 - - $517 -
1964 - - $486 -
1963 - - $511 -
1962 - - $472 -
1961 - - $449 -
1960 - - $428 -

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

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

Saint Lucia's GDP per capita is $14,182, ranking 70/197, compared to $90,674 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Saint Lucia ranks 75th at $27,567, while Singapore ranks 2nd at $150,689.

Economic indicators

Saint Lucia Singapore
Gross domestic product
$2.55B
2024
$547B
2024
GDP rank
173/197
2024
28/197
2024
GDP growth
3.89%
2023-2024
4.39%
2023-2024
GDP per capita
$14,182
2024
$90,674
2024
GDP per capita rank
70/197
2024
7/197
2024
GDP per capita, PPP
$27,567
2024
$150,689
2024
GDP per capita PPP rank
75/197
2024
2/197
2024
Government debt
$1.97B
2024
$950B
2024
Debt-to-GDP ratio
77.2%
2024
173.5%
2024
Government debt per person
$10,952
2024
$157,326
2024
Government debt per person rank
52/185
2024
1/185
2024
Average annual personal income after taxes
$10,412
2026
$52,793
2026
Market capitalization of domestic companies n/a
$638B
2024
Number of millionaires n/a
331,000
2025
Number of billionaires n/a
49
2025
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
14.6%
2024
Consumer prices inflation
-0.11%
2023-2024
2.39%
2023-2024
Unemployment rate
10.1%
2024
2.74%
2024
Population
180638
6125852

Spending and national debt comparison by year

Saint Lucia
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Saint Lucia Singapore
Government spending Government debt Government spending Government debt
2024 24.5% 77.2% 14.6% 173.5%
2023 25.6% 76.6% 14.8% 172.8%
2022 23% 74.4% 15% 154.3%
2021 27.4% 87% 15.6% 141.7%
2020 34.9% 100% 24.1% 148.2%
2019 25.1% 62.1% 14% 127.9%
2018 23.2% 60.5% 13.9% 109.4%
2017 23.3% 60.4% 13.6% 107.6%
2016 23% 61.3% 15.3% 106.3%
2015 23.7% 61.1% 14.4% 102.2%
2014 23.6% 62.4% 12.6% 97.7%
2013 25.4% 62.1% 10.9% 98.2%
2012 28% 60.8% 9.83% 106.7%
2011 27% 55.2% 9.66% 103.1%
2010 26% 53% 10.2% 98.7%
2009 24.5% 51% 15.9% 101.7%
2008 22.2% 46.7% 14% 97.9%
2007 22.6% 49.1% 9.01% 87.8%
2006 24.7% 48.6% 12.3% 86.5%
2005 26% 51.9% 12.4% 92.7%
2004 22.9% 49.6% 14.1% 95.7%
2003 22.9% 45.6% 15.6% 99.1%
2002 23.6% 48.8% 15.9% 96.3%
2001 22.1% 38.1% 18.2% 94.5%
2000 20.7% 32.5% 16.1% 82.3%
1999 20.9% 28.9% 15.9% 85.3%
1998 18.8% 29.4% 18.1% 84.6%
1997 19.5% 27.2% 14.5% 70.8%
1996 18.9% 24.1% 18.1% 71.3%
1995 19.2% 22.9% 13.8% 69.8%
1994 19.1% 23.8% 11.7% 70.7%
1993 21.8% 22.9% 14.5% 71.2%
1992 18.4% 22.2% 14.5% 79%
1991 18.4% 19.8% 15.9% 76.4%
1990 16.7% 17% 15.1% 73.5%
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/singapore | CC BY

In 2024, Saint Lucia's government spending was $625M, accounting for 24.5% of its GDP, while Singapore spent $79.7B, or 14.6% of GDP.

Debt-to-GDP ratio is 77.2% in Saint Lucia and 173.5% in Singapore, ranking 46/185 and 4/185, respectively.

Government deficit by year

Deficit/surplus
Saint Lucia

Singapore
1x
Year Deficit/surplus, % of GDP
Saint Lucia Singapore
2024 -2.13% 4.44%
2023 -3.09% 3.47%
2022 -1.67% 1.21%
2021 -5.1% 1.13%
2020 -12% -6.73%
2019 -3.51% 3.77%
2018 -1.03% 3.68%
2017 -1.14% 5.24%
2016 -0.79% 3.25%
2015 -2.35% 2.86%
2014 -3.08% 4.6%
2013 -4.84% 5.96%
2012 -7.62% 7.34%
2011 -5.38% 7.96%
2010 -4.17% 5.68%
2009 -2.67% -0.09%
2008 -0.72% 3.59%
2007 -1.62% 7.12%
2006 -5.07% 2.16%
2005 -6.18% 2.56%
2004 -2.63% 2.06%
2003 -3.23% 0.68%
2002 -3.1% 2.23%
2001 -3.08% 1.2%
2000 -1.16% 4.59%
1999 1.62% 5.2%
1998 2.25% 2.41%
1997 -1.13% 5.66%
1996 -0.58% 1.98%
1995 -0.13% 4.8%
1994 -0.02% 7.9%
1993 -0.26% 4.36%
1992 -0.66% 2.7%
1991 -0.43% 0.68%
1990 0.29% 1.97%
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/singapore | CC BY

In 2024, Saint Lucia's government deficit, the difference between spending and revenue, was $54.2M, equivalent to 2.13% of GDP. This compares to Singapore's surplus of $24.3B, or 4.44% of GDP.

Over the past 35 years, Saint Lucia recorded a fiscal deficit in 32 of those years, while Singapore ran a deficit in 2 years. On average, Saint Lucia posted an annual deficit equal to 2.47% of GDP, compared to surplus of 3.36% of GDP for Singapore.

Inflation comparison by year

Inflation
Saint Lucia

Singapore
1x
Year Consumer prices inflation
Saint Lucia Singapore
2024 -0.11% 2.39%
2023 4.07% 4.83%
2022 6.38% 6.13%
2021 2.41% 2.32%
2020 -1.76% -0.17%
2019 0.54% 0.57%
2018 1.94% 0.44%
2017 0.1% 0.58%
2016 -3.08% -0.53%
2015 -0.98% -0.52%
2014 3.52% 1.03%
2013 1.47% 2.36%
2012 4.18% 4.58%
2011 2.77% 5.25%
2010 3.25% 2.83%
2009 -0.16% 0.59%
2008 5.55% 6.64%
2007 2.82% 2.11%
2006 2.4% 0.97%
2005 3.9% 0.43%
2004 1.46% 1.66%
2003 1.03% 0.51%
2002 -0.26% -0.39%
2001 5.31% 1%
2000 3.71% 1.36%
1999 3.5% 0.02%
1998 3.2% -0.27%
1997 -0.006% 2%

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

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

Over the past 28 years, Saint Lucia has recorded an average annual inflation rate of 2.04%, compared with 1.74% in Singapore. In 2024, inflation was -0.11% in Saint Lucia and 2.39% in Singapore.

Top exports between countries

Saint Lucia
Export category Export value
Chemicals & pharma $1K
Singapore
Export category Export value
Machinery & equipment $809K
Processed food, beverages & tobacco $179K
Miscellaneous $30K
Textiles & consumer goods $4K
Wood & paper products $4K

Balance of trade

Saint Lucia Singapore
Current account balance
-$64.1M
2024
$96B
2024
Current account balance ranking
86/190
2024
8/190
2024
Current account balance, % of GDP
-2.52%
2024
+17.5%
2024
Goods imports
$848M
2024
$435B
2024
Goods exports
$137M
2024
$583B
2024
Service imports
$598M
2024
$351B
2024
Service exports
$1.46B
2024
$396B
2024
Imports of goods and services, % of GDP n/a
143.6%
2024
Exports of goods and services, % of GDP
19%
2025
178.8%
2024

Economic freedom indices

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

Saint Lucia Singapore
Economic freedom 67.5 84.4
Economic freedom ranking 57/197 1/197
Property rights 64.3 89.2
Government integrity 59.7 86.1
Judicial effectiveness 77.3 58.3
Tax burden 77.7 89.5
Government spending 82.6 93.4
Fiscal health 80 80
Business freedom 71.9 90.6
Labor freedom 65.2 77
Monetary freedom 81 83.5
Trade freedom 60 95
Investment freedom 50 90
Financial freedom 40 80

Economic freedom comparison by year

Saint Lucia
Singapore
1x
Year Economic freedom index
Saint Lucia Singapore
2026 67.5 84.4
2025 67 84.1
2024 62.2 83.5
2023 60.7 83.9
2022 64.3 84.4
2021 67.5 89.7
2020 68.2 89.4
2019 68.7 89.4
2018 67.6 88.8
2017 65 88.6
2016 70 87.8
2015 70.2 89.4
2014 70.7 89.4
2013 70.4 88
2012 71.3 87.5
2011 70.8 87.2
2010 70.5 86.1
2009 68.8 87.1
2008 - 87.3
2007 - 87.1
2006 - 88
2005 - 88.6
2004 - 88.9
2003 - 88.2
2002 - 87.4
2001 - 87.8
2000 - 87.7
1999 - 86.9
1998 - 87
1997 - 87.3
1996 - 86.5
1995 - 86.3

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

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

The Economic Freedom Index for Saint Lucia is 67.5, ranking 57/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saint Lucia Singapore
Services, % of GDP
75.9%
2024
73%
2024
Industry, % of GDP
9.75%
2024
21.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.13%
2024
0.03%
2024
GNI, Atlas method
$2.27B
2024
$451B
2024
GNI per capita, PPP
$24,840
2024
$126,190
2024
Total reserves including gold
$406M
2024
$384B
2024
Total reserves ranking
162/177
2024
9/177
2024
Net foreign direct investment
-$187M
2024
-$96.7B
2024
Net inflows of foreign direct investment
$187M
2024
$152B
2024
Net outflows of foreign direct investment
-$350K
2024
$55.3B
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
22.2%
2024

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/singapore | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.