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Economy of Saint Lucia vs Slovakia compared: GDP & Debt

Updated on by Georank

Saint Lucia has a GDP of $2.66B compared to $155B for Slovakia, ranking 173/197 and 60/197 by economy size, respectively.

Saint Lucia has $2.05B in government debt (77.1% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Saint Lucia vs Slovakia GDP by year

Saint Lucia
Slovakia
1x
Year GDP, current $
Saint Lucia Slovakia
2025 $2,656,444,444 $154,530,066,507
2024 $2,605,148,148 $140,934,076,532
2023 $2,441,259,259 $133,578,518,424
2022 $2,319,888,889 $115,792,972,358
2021 $1,871,111,111 $120,511,265,913
2020 $1,521,740,741 $107,732,602,896
2019 $2,090,074,074 $105,843,498,304
2018 $2,060,955,556 $106,611,673,365
2017 $1,998,503,704 $95,978,130,735
2016 $1,868,544,444 $90,347,173,229
2015 $1,807,640,741 $89,178,548,717
2014 $1,749,185,185 $101,713,075,599
2013 $1,660,392,593 $99,134,277,850
2012 $1,598,207,407 $94,724,394,278
2011 $1,568,370,370 $99,705,104,723
2010 $1,482,385,185 $91,112,160,801
2009 $1,401,507,889 $89,342,984,698
2008 $1,437,731,111 $96,685,492,864
2007 $1,336,088,815 $77,019,443,089
2006 $1,268,319,185 $57,111,148,619
2005 $1,135,555,556 $48,823,790,951
2004 $1,066,666,667 $42,960,730,480
2003 $987,407,407 $33,761,723,946
2002 $900,000,000 $24,768,142,566
2001 $892,592,593 $21,377,597,035
2000 $932,592,593 $20,626,538,612
1999 $921,851,852 $20,813,421,086
1998 $877,407,407 $22,911,708,405
1997 $805,925,926 $22,026,728,498
1996 $788,888,889 $21,864,845,214
1995 $762,962,963 $20,306,095,054
1994 $713,703,704 $16,187,735,322
1993 $684,814,815 $13,991,963,247
1992 $674,074,074 $12,932,972,789
1991 $613,703,704 $11,952,983,608
1990 $579,629,630 $17,068,924,602
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 (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Saint Lucia vs Slovakia by year

Saint Lucia
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Lucia Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,746 - $28,544 -
2024 $14,494 $27,567 $25,993 $48,132
2023 $13,617 $25,975 $24,615 $45,974
2022 $12,976 $24,599 $21,318 $41,562
2021 $10,481 $19,101 $22,123 $38,346
2020 $8,537 $14,912 $19,735 $35,328
2019 $11,764 $18,710 $19,406 $33,986
2018 $11,643 $17,433 $19,573 $31,510
2017 $11,333 $16,131 $17,646 $30,246
2016 $10,638 $15,307 $16,636 $29,868
2015 $10,335 $14,353 $16,442 $30,148
2014 $10,045 $14,403 $18,771 $29,108
2013 $9,577 $14,010 $18,313 $28,075
2012 $9,260 $13,443 $17,517 $27,023
2011 $9,129 $13,471 $18,469 $26,202
2010 $8,674 $12,718 $16,899 $25,382
2009 $8,251 $12,600 $16,587 $23,077
2008 $8,517 $12,969 $17,974 $23,714
2007 $7,964 $12,199 $14,330 $21,232
2006 $7,611 $11,758 $10,629 $18,906
2005 $6,863 $10,818 $9,087 $16,570
2004 $6,495 $10,610 $7,997 $15,166
2003 $6,059 $9,707 $6,283 $14,088
2002 $5,568 $9,205 $4,606 $13,292
2001 $5,570 $9,106 $3,974 $12,367
2000 $5,880 $9,314 $3,828 $11,370
1999 $5,883 $9,214 $3,857 $10,726
1998 $5,673 $8,965 $4,250 $10,666
1997 $5,282 $8,456 $4,092 $10,137
1996 $5,244 $8,490 $4,069 $9,500
1995 $5,148 $8,222 $3,787 $8,812
1994 $4,892 $8,041 $3,028 $8,178
1993 $4,765 $7,865 $2,627 $7,569
1992 $4,760 $7,753 $2,438 $7,270
1991 $4,399 $7,127 $2,254 $7,623
1990 $4,205 $6,951 $3,221 $8,638
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 (1980–2025, retrieved 2026-07-08).

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

Saint Lucia's GDP per capita is $14,746, ranking 72/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Saint Lucia ranks 75th at $27,567, while Slovakia ranks 49th at $48,132.

Economic indicators

Saint Lucia Slovakia
Gross domestic product
$2.66B
2025
$155B
2025
GDP rank
173/197
2025
60/197
2025
GDP growth
-0.57%
2024-2025
0.81%
2024-2025
GDP per capita
$14,746
2025
$28,544
2025
GDP per capita rank
72/197
2025
46/197
2025
GDP per capita, PPP
$27,567
2024
$48,132
2024
GDP per capita PPP rank
75/197
2024
49/197
2024
Government debt
$2.05B
2025
$95.3B
2025
Debt-to-GDP ratio
77.1%
2025
61.6%
2025
Government debt per person
$11,365
2025
$17,597
2025
Government debt per person rank
53/185
2025
36/185
2025
Average annual personal income after taxes
$12,464
2026
$17,518
2026
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires n/a
2
2026
Income share by richest 10%
34.1%
2015
18.8%
2023
Income share by poorest 10%
2.1%
2015
3.3%
2023
Government expenditure, % of GDP
25.2%
2025
48.7%
2025
Consumer prices inflation
2.03%
2024-2025
4%
2024-2025
Unemployment rate
7.66%
2025
5.4%
2025
Population
180676
5376239

Spending and national debt comparison by year

Saint Lucia
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Saint Lucia Slovakia
Government spending Government debt Government spending Government debt
2025 25.2% 77.1% 48.7% 61.6%
2024 24.4% 76.7% 47.5% 59.7%
2023 25.3% 75.2% 48.2% 55.8%
2022 23.8% 73.9% 43.1% 57.8%
2021 26.7% 81.9% 44.8% 60.2%
2020 33.1% 94.4% 44.5% 58.4%
2019 24.6% 62.1% 40.6% 48%
2018 23.2% 60.3% 39.7% 49.3%
2017 23% 59.9% 39.8% 51.4%
2016 22.6% 60.2% 40.9% 52.1%
2015 22.1% 60.6% 44.1% 51.6%
2014 22.6% 61.9% 42% 53.4%
2013 24.3% 61.2% 41.1% 54.6%
2012 27.1% 60.2% 40% 51.7%
2011 26.9% 54.9% 40.8% 43.3%
2010 25.6% 52.2% 41% 40.7%
2009 24.2% 50.2% 43.2% 36.4%
2008 22.3% 46.9% 36.5% 28.6%
2007 22.2% 48.2% 35.9% 30.4%
2006 24.4% 48% 38.2% 31.5%
2005 25.3% 50.4% 39.1% 35%
2004 22.5% 48.8% 38.4% 42%
2003 22.5% 44.7% 40% 43.6%
2002 23% 47.7% 46% 45.6%
2001 22% 38% 46.2% 51.4%
2000 20.9% 32.8% 53.2% 50.6%
1999 20.9% 28.8% 48.4% 47.1%
1998 18.6% 29.1% 46.2% 33.9%
1997 19% 26.6% 48.6% 32.8%
1996 18.8% 23.9% 52.8% 30.3%
1995 19% 22.7% 47.8% 21.3%
1994 18.7% 23.4% - -
1993 21.6% 22.7% - -
1992 18.3% 22.1% - -
1991 18% 19.3% - -
1990 16.5% 16.7% - -
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/slovakia | CC BY

In 2025, Saint Lucia's government spending was $671M, accounting for 25.2% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 77.1% in Saint Lucia and 61.6% in Slovakia, ranking 48/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Saint Lucia

Slovakia
1x
Year Deficit/surplus, % of GDP
Saint Lucia Slovakia
2025 -2.88% -5.02%
2024 -1.81% -5.5%
2023 -3.18% -5.3%
2022 -2.48% -1.56%
2021 -5.35% -5.09%
2020 -11.5% -5.3%
2019 -2.95% -1.21%
2018 -1.22% -1.01%
2017 -2.09% -0.98%
2016 -1.53% -2.59%
2015 -1.18% -2.78%
2014 -2.29% -3.25%
2013 -3.98% -2.86%
2012 -6.93% -4.37%
2011 -5.35% -4.36%
2010 -4.11% -7.44%
2009 -2.63% -8.18%
2008 -0.72% -2.54%
2007 -1.59% -2.26%
2006 -5.01% -3.57%
2005 -6% -2.86%
2004 -2.58% -2.36%
2003 -3.17% -2.28%
2002 -3.03% -8.35%
2001 -3.07% -7.74%
2000 -1.17% -12.7%
1999 1.61% -7.25%
1998 2.22% -5.37%
1997 -1.1% -6.24%
1996 -0.57% -9.72%
1995 -0.13% -3.43%
1994 -0.02% -
1993 -0.25% -
1992 -0.66% -
1991 -0.42% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

GeoRank.org/economy/saint-lucia/slovakia | 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 Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Saint Lucia recorded a fiscal deficit in 29 of those years, while Slovakia ran a deficit in 31 years. On average, Saint Lucia posted an annual deficit equal to 2.77% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Saint Lucia

Slovakia
1x
Year Consumer prices inflation
Saint Lucia Slovakia
2025 2.03% 4%
2024 -0.67% 2.76%
2023 3.82% 10.5%
2022 9.65% 12.8%
2021 2.41% 3.15%
2020 -1.76% 1.94%
2019 0.54% 2.66%
2018 1.94% 2.51%
2017 0.1% 1.31%
2016 -3.08% -0.52%
2015 -0.98% -0.33%
2014 3.52% -0.08%
2013 1.47% 1.4%
2012 4.18% 3.61%
2011 2.77% 3.92%
2010 3.25% 0.96%
2009 -0.16% 1.62%
2008 5.55% 4.6%
2007 2.82% 2.76%
2006 2.4% 4.48%
2005 3.9% 2.71%
2004 1.46% 7.55%
2003 1.03% 8.55%
2002 -0.26% 3.13%
2001 5.31% 7.33%
2000 3.71% 12%
1999 3.5% 10.6%
1998 3.2% 6.67%
1997 -0.006% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Saint Lucia has recorded an average annual inflation rate of 2.13%, compared with 4.44% in Slovakia. In 2025, inflation was 2.03% in Saint Lucia and 4% in Slovakia.

Top exports between countries

Saint Lucia
Export category Export value
Slovakia
Export category Export value
Machinery & equipment $307K
Weapons & explosives $9K

Balance of trade

Saint Lucia Slovakia
Current account balance
-$166M
2025
-$5.6B
2025
Current account balance ranking
89/190
2025
165/190
2025
Current account balance, % of GDP
-6.26%
2025
-3.63%
2025
Goods imports
$834M
2025
$117B
2025
Goods exports
$144M
2025
$117B
2025
Service imports
$672M
2025
$14.3B
2025
Service exports
$1.4B
2025
$14.7B
2025
Imports of goods and services, % of GDP n/a
85.2%
2025
Exports of goods and services, % of GDP
19%
2026
85.1%
2025

Economic freedom indices

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

Saint Lucia Slovakia
Economic freedom 67.5 67.7
Economic freedom ranking 57/197 54/197
Property rights 64.3 82.6
Government integrity 59.7 57.2
Judicial effectiveness 77.3 70.5
Tax burden 77.7 75.4
Government spending 82.6 36.4
Fiscal health 80 69.6
Business freedom 71.9 71.1
Labor freedom 65.2 55.1
Monetary freedom 81 69.7
Trade freedom 60 79.4
Investment freedom 50 75
Financial freedom 40 70

Economic freedom comparison by year

Saint Lucia
Slovakia
1x
Year Economic freedom index
Saint Lucia Slovakia
2026 67.5 67.7
2025 67 68.4
2024 62.2 68.1
2023 60.7 69
2022 64.3 69.7
2021 67.5 66.3
2020 68.2 66.8
2019 68.7 65
2018 67.6 65.3
2017 65 65.7
2016 70 66.6
2015 70.2 67.2
2014 70.7 66.4
2013 70.4 68.7
2012 71.3 67
2011 70.8 69.5
2010 70.5 69.7
2009 68.8 69.4
2008 - 70
2007 - 69.6
2006 - 69.8
2005 - 66.8
2004 - 64.6
2003 - 59
2002 - 59.8
2001 - 58.5
2000 - 53.8
1999 - 54.2
1998 - 57.5
1997 - 55.5
1996 - 57.6
1995 - 60.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Saint Lucia is 67.5, ranking 57/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saint Lucia Slovakia
Services, % of GDP
73.8%
2025
59.8%
2025
Industry, % of GDP
10.7%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.66%
2025
1.59%
2025
GNI, Atlas method
$2.42B
2025
$143B
2025
GNI per capita, PPP
$26,180
2025
$47,920
2025
Total reserves including gold
$447M
2025
$18.2B
2025
Total reserves ranking
160/177
2025
69/177
2025
Net foreign direct investment
-$175M
2025
-$198M
2025
Net inflows of foreign direct investment
$187M
2024
$5.01B
2024
Net outflows of foreign direct investment
-$350K
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
3.35%
2024
n/a
Poverty at national poverty lines
25%
2016
13.7%
2021
Gross capital formation, % of GDP n/a
20.1%
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/slovakia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, 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 (2023–2025, 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.