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Economy of Saint Lucia vs Singapore compared: GDP & Debt

Updated on by Georank

Saint Lucia has a GDP of $2.66B compared to $604B for Singapore, ranking 173/197 and 28/197 by economy size, respectively.

Saint Lucia has $2.05B in government debt (77.1% of GDP), compared to $1.03T (171.3% of GDP) in Singapore.

Saint Lucia vs Singapore GDP by year

Saint Lucia
Singapore
1x
Year GDP, current $
Saint Lucia Singapore
2025 $2,656,444,444 $603,869,516,999
2024 $2,605,148,148 $572,877,260,178
2023 $2,441,259,259 $511,181,761,244
2022 $2,319,888,889 $514,252,535,239
2021 $1,871,111,111 $441,110,903,525
2020 $1,521,740,741 $351,226,533,656
2019 $2,090,074,074 $376,827,390,962
2018 $2,060,955,556 $377,976,367,877
2017 $1,998,503,704 $344,795,119,214
2016 $1,868,544,444 $320,759,207,439
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 (1960–2025, retrieved 2026-07-08).

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
2025 $14,746 - $98,814 -
2024 $14,494 $27,567 $94,897 $150,689
2023 $13,617 $25,975 $86,383 $143,786
2022 $12,976 $24,599 $91,228 $143,095
2021 $10,481 $19,101 $80,885 $132,617
2020 $8,537 $14,912 $61,773 $101,518
2019 $11,764 $18,710 $66,069 $105,335
2018 $11,643 $17,433 $67,033 $103,963
2017 $11,333 $16,131 $61,436 $95,744
2016 $10,638 $15,307 $57,204 $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 (1960–2025, retrieved 2026-07-08).

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

Saint Lucia's GDP per capita is $14,746, ranking 72/197, compared to $98,814 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
$2.66B
2025
$604B
2025
GDP rank
173/197
2025
28/197
2025
GDP growth
-0.57%
2024-2025
5.03%
2024-2025
GDP per capita
$14,746
2025
$98,814
2025
GDP per capita rank
72/197
2025
7/197
2025
GDP per capita, PPP
$27,567
2024
$150,689
2024
GDP per capita PPP rank
75/197
2024
2/197
2024
Government debt
$2.05B
2025
$1.03T
2025
Debt-to-GDP ratio
77.1%
2025
171.3%
2025
Government debt per person
$11,365
2025
$169,228
2025
Government debt per person rank
53/185
2025
1/185
2025
Average annual personal income after taxes
$12,464
2026
$51,296
2026
Market capitalization of domestic companies n/a
$824B
2025
Number of millionaires n/a
244,000
2026
Number of billionaires n/a
55
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
25.2%
2025
15.5%
2025
Consumer prices inflation
2.03%
2024-2025
0.9%
2024-2025
Unemployment rate
7.66%
2025
3.26%
2025
Population
180676
6167445

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
2025 25.2% 77.1% 15.5% 171.3%
2024 24.4% 76.7% 14.3% 166%
2023 25.3% 75.2% 14.6% 170.4%
2022 23.8% 73.9% 14.9% 153.3%
2021 26.7% 81.9% 15.4% 139.9%
2020 33.1% 94.4% 24% 147.1%
2019 24.6% 62.1% 14% 127.7%
2018 23.2% 60.3% 13.9% 109.2%
2017 23% 59.9% 13.6% 107.3%
2016 22.6% 60.2% 15.2% 105.9%
2015 22.1% 60.6% 14.4% 102.1%
2014 22.6% 61.9% 12.6% 97.7%
2013 24.3% 61.2% 10.9% 98.2%
2012 27.1% 60.2% 9.83% 106.7%
2011 26.9% 54.9% 9.66% 103.1%
2010 25.6% 52.2% 10.2% 98.7%
2009 24.2% 50.2% 15.9% 101.7%
2008 22.3% 46.9% 14% 97.9%
2007 22.2% 48.2% 9.01% 87.8%
2006 24.4% 48% 12.3% 86.5%
2005 25.3% 50.4% 12.4% 92.7%
2004 22.5% 48.8% 14.1% 95.7%
2003 22.5% 44.7% 15.6% 99.1%
2002 23% 47.7% 15.9% 96.3%
2001 22% 38% 18.2% 94.5%
2000 20.9% 32.8% 16.1% 82.3%
1999 20.9% 28.8% 15.9% 85.3%
1998 18.6% 29.1% 18.1% 84.6%
1997 19% 26.6% 14.5% 70.8%
1996 18.8% 23.9% 18.1% 71.3%
1995 19% 22.7% 13.8% 69.8%
1994 18.7% 23.4% 11.7% 70.7%
1993 21.6% 22.7% 14.5% 71.2%
1992 18.3% 22.1% 14.5% 79%
1991 18% 19.3% 15.9% 76.4%
1990 16.5% 16.7% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

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

In 2025, Saint Lucia's government spending was $671M, accounting for 25.2% of its GDP, while Singapore spent $93.3B, or 15.5% of GDP.

Debt-to-GDP ratio is 77.1% in Saint Lucia and 171.3% in Singapore, ranking 48/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Saint Lucia

Singapore
1x
Year Deficit/surplus, % of GDP
Saint Lucia Singapore
2025 -2.88% 4.16%
2024 -1.81% 3.79%
2023 -3.18% 3.42%
2022 -2.48% 1.2%
2021 -5.35% 1.11%
2020 -11.5% -6.68%
2019 -2.95% 3.76%
2018 -1.22% 3.67%
2017 -2.09% 5.23%
2016 -1.53% 3.24%
2015 -1.18% 2.86%
2014 -2.29% 4.6%
2013 -3.98% 5.96%
2012 -6.93% 7.34%
2011 -5.35% 7.96%
2010 -4.11% 5.68%
2009 -2.63% -0.09%
2008 -0.72% 3.59%
2007 -1.59% 7.12%
2006 -5.01% 2.16%
2005 -6% 2.56%
2004 -2.58% 2.06%
2003 -3.17% 0.68%
2002 -3.03% 2.23%
2001 -3.07% 1.2%
2000 -1.17% 4.59%
1999 1.61% 5.2%
1998 2.22% 2.41%
1997 -1.1% 5.66%
1996 -0.57% 1.98%
1995 -0.13% 4.8%
1994 -0.02% 7.9%
1993 -0.25% 4.36%
1992 -0.66% 2.7%
1991 -0.42% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

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

In 2025, Saint Lucia's government deficit, the difference between spending and revenue, was $76.5M, equivalent to 2.88% of GDP. This compares to Singapore's surplus of $25.1B, or 4.16% of GDP.

Over the past 36 years, Saint Lucia recorded a fiscal deficit in 33 of those years, while Singapore ran a deficit in 2 years. On average, Saint Lucia posted an annual deficit equal to 2.41% 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
2025 2.03% 0.9%
2024 -0.67% 2.39%
2023 3.82% 4.83%
2022 9.65% 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 (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Saint Lucia has recorded an average annual inflation rate of 2.13%, compared with 1.71% in Singapore. In 2025, inflation was 2.03% in Saint Lucia and 0.9% in Singapore.

Top exports between countries

Saint Lucia
Export category Export value
Chemicals & pharma $1K
Singapore
Export category Export value
Machinery & equipment $1.13M
Processed food, beverages & tobacco $160K
Miscellaneous $38K
Chemicals & pharma $5K
Textiles & consumer goods $4K
Wood & paper products $4K

Balance of trade

Saint Lucia Singapore
Current account balance
-$166M
2025
$101B
2025
Current account balance ranking
89/190
2025
8/190
2025
Current account balance, % of GDP
-6.26%
2025
+16.7%
2025
Goods imports
$834M
2025
$475B
2025
Goods exports
$144M
2025
$652B
2025
Service imports
$672M
2025
$385B
2025
Service exports
$1.4B
2025
$422B
2025
Imports of goods and services, % of GDP n/a
142.5%
2025
Exports of goods and services, % of GDP
19%
2026
177.9%
2025

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 2026-07-08).

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
73.8%
2025
71.6%
2025
Industry, % of GDP
10.7%
2025
22.7%
2025
Agriculture, forestry, and fishing, % of GDP
1.66%
2025
0.02%
2025
GNI, Atlas method
$2.42B
2025
$500B
2025
GNI per capita, PPP
$26,180
2025
$135,750
2025
Total reserves including gold
$447M
2025
$432B
2025
Total reserves ranking
160/177
2025
11/177
2025
Net foreign direct investment
-$175M
2025
-$64.9B
2025
Net inflows of foreign direct investment
$187M
2024
$135B
2024
Net outflows of foreign direct investment
-$350K
2024
$63.6B
2024
Servicing debt to the IMF, % of GNI
3.35%
2024
n/a
Poverty at national poverty lines
25%
2016
n/a
Gross capital formation, % of GDP n/a
22.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.