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Economy of Saint Lucia vs Turkey compared: GDP & Debt

Updated on by Georank

Saint Lucia has a GDP of $2.66B compared to $1.6T for Turkey, ranking 173/197 and 16/197 by economy size, respectively.

Saint Lucia has $2.05B in government debt (77.1% of GDP), compared to $375B (23.5% of GDP) in Turkey.

Saint Lucia vs Turkey GDP by year

Saint Lucia
Turkey
1x
Year GDP, current $
Saint Lucia Turkey
2025 $2,656,444,444 $1,597,293,229,287
2024 $2,605,148,148 $1,359,123,768,774
2023 $2,441,259,259 $1,141,242,864,657
2022 $2,319,888,889 $926,097,476,914
2021 $1,871,111,111 $839,938,668,172
2020 $1,521,740,741 $733,628,247,119
2019 $2,090,074,074 $775,853,144,223
2018 $2,060,955,556 $788,356,985,774
2017 $1,998,503,704 $863,874,522,365
2016 $1,868,544,444 $870,818,016,910
2015 $1,807,640,741 $865,460,050,684
2014 $1,749,185,185 $942,343,431,929
2013 $1,660,392,593 $962,167,643,589
2012 $1,598,207,407 $885,327,622,479
2011 $1,568,370,370 $844,192,507,381
2010 $1,482,385,185 $782,545,664,268
2009 $1,401,507,889 $653,894,449,921
2008 $1,437,731,111 $775,415,944,333
2007 $1,336,088,815 $685,228,481,017
2006 $1,268,319,185 $559,668,118,237
2005 $1,135,555,556 $508,314,210,213
2004 $1,066,666,667 $410,156,784,496
2003 $987,407,407 $315,392,899,922
2002 $900,000,000 $240,778,008,474
2001 $892,592,593 $202,195,080,239
2000 $932,592,593 $274,748,463,179
1999 $921,851,852 $256,673,939,248
1998 $877,407,407 $276,035,372,655
1997 $805,925,926 $263,817,553,748
1996 $788,888,889 $250,366,965,174
1995 $762,962,963 $234,699,627,004
1994 $713,703,704 $130,650,447,499
1993 $684,814,815 $180,415,757,852
1992 $674,074,074 $159,104,772,992
1991 $613,703,704 $151,034,731,544
1990 $579,629,630 $150,655,500,192
1989 $486,666,667 $107,127,191,329
1988 $429,629,630 $90,875,175,809
1987 $375,555,556 $87,190,081,680
1986 $340,000,000 $75,673,037,037
1985 $284,444,444 $67,232,758,621
1984 $251,481,481 $59,937,602,180
1983 $197,037,037 $61,803,555,556
1982 $183,333,333 $64,369,325,153
1981 $194,444,444 $71,180,180,180
1980 $170,370,370 $68,823,684,211
1979 - $89,616,129,032
1978 - $65,912,500,000
1977 - $58,683,333,333
1976 - $51,450,000,000
1975 - $46,042,857,143
1974 - $35,414,285,714
1973 - $26,000,000,000
1972 - $20,650,000,000
1971 - $16,166,666,667
1970 - $17,863,636,364
1969 - $19,466,666,667
1968 - $17,500,000,000
1967 - $15,644,444,444
1966 - $14,100,000,000
1965 - $11,966,666,667
1964 - $11,177,777,778
1963 - $10,355,555,556
1962 - $8,922,222,222
1961 - $7,988,888,889
1960 - $7,566,666,667

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Saint Lucia vs Turkey by year

Saint Lucia
GDP per capita

GDP per capita, PPP
Turkey
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Lucia Turkey
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,746 - $18,599 -
2024 $14,494 $27,567 $15,893 $45,639
2023 $13,617 $25,975 $13,375 $42,786
2022 $12,976 $24,599 $10,898 $39,564
2021 $10,481 $19,101 $9,982 $32,106
2020 $8,537 $14,912 $8,798 $29,209
2019 $11,764 $18,710 $9,395 $29,016
2018 $11,643 $17,433 $9,684 $28,640
2017 $11,333 $16,131 $10,756 $28,354
2016 $10,638 $15,307 $10,984 $26,731
2015 $10,335 $14,353 $11,065 $25,890
2014 $10,045 $14,403 $12,209 $24,193
2013 $9,577 $14,010 $12,636 $22,475
2012 $9,260 $13,443 $11,777 $20,739
2011 $9,129 $13,471 $11,374 $19,717
2010 $8,674 $12,718 $10,699 $17,466
2009 $8,251 $12,600 $9,077 $15,560
2008 $8,517 $12,969 $10,913 $16,142
2007 $7,964 $12,199 $9,767 $14,951
2006 $7,611 $11,758 $7,990 $13,555
2005 $6,863 $10,818 $7,332 $11,803
2004 $6,495 $10,610 $5,980 $10,759
2003 $6,059 $9,707 $4,650 $9,474
2002 $5,568 $9,205 $3,591 $9,154
2001 $5,570 $9,106 $3,052 $9,014
2000 $5,880 $9,314 $4,199 $9,326
1999 $5,883 $9,214 $3,974 $8,470
1998 $5,673 $8,965 $4,331 $8,763
1997 $5,282 $8,456 $4,197 $11,514
1996 $5,244 $8,490 $4,041 $10,624
1995 $5,148 $8,222 $3,846 $9,962
1994 $4,892 $8,041 $2,176 $9,253
1993 $4,765 $7,865 $3,058 $9,751
1992 $4,760 $7,753 $2,744 $8,969
1991 $4,399 $7,127 $2,649 $8,418
1990 $4,205 $6,951 $2,690 $8,208
1989 $3,565 - $1,949 -
1988 $3,182 - $1,686 -
1987 $2,819 - $1,650 -
1986 $2,591 - $1,461 -
1985 $2,202 - $1,326 -
1984 $1,979 - $1,209 -
1983 $1,576 - $1,276 -
1982 $1,489 - $1,360 -
1981 $1,605 - $1,537 -
1980 $1,428 - $1,516 -
1979 - - $2,013 -
1978 - - $1,510 -
1977 - - $1,372 -
1976 - - $1,228 -
1975 - - $1,122 -
1974 - - $881 -
1973 - - $661 -
1972 - - $537 -
1971 - - $431 -
1970 - - $488 -
1969 - - $544 -
1968 - - $501 -
1967 - - $459 -
1966 - - $425 -
1965 - - $370 -
1964 - - $354 -
1963 - - $337 -
1962 - - $298.2 -
1961 - - $274.4 -
1960 - - $267.1 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Saint Lucia's GDP per capita is $14,746, ranking 72/197, compared to $18,599 in Turkey, ranking 66/197. Adjusted for purchasing power (GDP per capita PPP), Saint Lucia ranks 75th at $27,567, while Turkey ranks 51st at $45,639.

Economic indicators

Saint Lucia Turkey
Gross domestic product
$2.66B
2025
$1.6T
2025
GDP rank
173/197
2025
16/197
2025
GDP growth
-0.57%
2024-2025
3.6%
2024-2025
GDP per capita
$14,746
2025
$18,599
2025
GDP per capita rank
72/197
2025
66/197
2025
GDP per capita, PPP
$27,567
2024
$45,639
2024
GDP per capita PPP rank
75/197
2024
51/197
2024
Government debt
$2.05B
2025
$375B
2025
Debt-to-GDP ratio
77.1%
2025
23.5%
2025
Government debt per person
$11,365
2025
$4,367
2025
Government debt per person rank
53/185
2025
92/185
2025
Average annual personal income after taxes
$12,464
2026
$12,616
2026
Market capitalization of domestic companies n/a
$404B
2025
Number of millionaires n/a
93,000
2026
Number of billionaires n/a
32
2026
Income share by richest 10%
34.1%
2015
34.4%
2023
Income share by poorest 10%
2.1%
2015
2.1%
2023
Government expenditure, % of GDP
25.2%
2025
32.4%
2025
Consumer prices inflation
2.03%
2024-2025
34.9%
2024-2025
Central bank interest rate n/a
37%
2026
Unemployment rate
7.66%
2025
8.4%
2025
Population
180676
86225430

Spending and national debt comparison by year

Saint Lucia
Spending

Debt
Turkey
Spending

Debt
1x
Year % of GDP
Saint Lucia Turkey
Government spending Government debt Government spending Government debt
2025 25.2% 77.1% 32.4% 23.5%
2024 24.4% 76.7% 32.9% 23.6%
2023 25.3% 75.2% 32.7% 28.2%
2022 23.8% 73.9% 26.8% 29.4%
2021 26.7% 81.9% 30.5% 38.9%
2020 33.1% 94.4% 34% 38.3%
2019 24.6% 62.1% 34.8% 31.2%
2018 23.2% 60.3% 33.9% 28.8%
2017 23% 59.9% 32.4% 26.9%
2016 22.6% 60.2% 33.8% 27%
2015 22.1% 60.6% 32.4% 26.5%
2014 22.6% 61.9% 32.5% 27.4%
2013 24.3% 61.2% 33.5% 29.5%
2012 27.1% 60.2% 34% 30.8%
2011 26.9% 54.9% 32.6% 34.8%
2010 25.6% 52.2% 35.2% 38.6%
2009 24.2% 50.2% 37% 42.4%
2008 22.3% 46.9% 33.5% 37%
2007 22.2% 48.2% 32.7% 37.1%
2006 24.4% 48% 33.4% 44.2%
2005 25.3% 50.4% 32% 50.2%
2004 22.5% 48.8% 34.5% 57%
2003 22.5% 44.7% 38.3% 63.6%
2002 23% 47.7% 40.9% 71.2%
2001 22% 38% 43.9% 75.6%
2000 20.9% 32.8% 39.4% 51.2%
1999 20.9% 28.8% 32.7% 52.1%
1998 18.6% 29.1% 27.9% 36.5%
1997 19% 26.6% 26.4% 32.5%
1996 18.8% 23.9% 24.5% 35.5%
1995 19% 22.7% 19.4% 34.6%
1994 18.7% 23.4% 20.5% 39.2%
1993 21.6% 22.7% 22% 29.1%
1992 18.3% 22.1% 18.6% 29.2%
1991 18% 19.3% 18.2% 28.4%
1990 16.5% 16.7% 14.1% 25.8%
1989 19% 18.1% 13.8% 33.5%
1988 18.2% 18.6% 12.9% 38.6%
1987 19.9% 19.6% 13.3% 40.3%
1986 21.1% 17.2% 12.1% 38.2%
1985 20.4% 17.1% 18% 44.3%
1984 - - 14.1% 42.6%
1983 - - 14.9% 32.7%
1982 - - 19.2% 33.4%
1981 - - 24% 32%
1980 - - 25.5% 22.4%
1979 - - 28.3% 23.6%
1978 - - 27.6% 25.8%
1977 - - 27.8% 24%
1976 - - 23.3% 20.4%
1975 - - 22% 20.2%
1974 - - 19% 19%
1973 - - 21.8% 23.1%
1972 - - 21.9% 30.1%
1971 - - 24.8% 34.4%
1970 - - 22.7% 39.8%
1969 - - 20.5% 33.2%
1968 - - 19% 33.2%
1967 - - 20.1% 33.3%
1966 - - 18.9% 33.4%
1965 - - 19% 33.4%
1964 - - 18.9% 25.7%
1963 - - 17.5% 27.6%
1962 - - 15.7% 28.8%
1961 - - 22.9% 28.9%
1960 - - 15.6% 19.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Saint Lucia's government spending was $671M, accounting for 25.2% of its GDP, while Turkey spent $517B, or 32.4% of GDP.

Debt-to-GDP ratio is 77.1% in Saint Lucia and 23.5% in Turkey, ranking 48/185 and 169/185, respectively.

Government deficit by year

Deficit/surplus
Saint Lucia

Turkey
1x
Year Deficit/surplus, % of GDP
Saint Lucia Turkey
2025 -2.88% -2.78%
2024 -1.81% -4.51%
2023 -3.18% -5.19%
2022 -2.48% -1.1%
2021 -5.35% -2.98%
2020 -11.5% -4.64%
2019 -2.95% -4.69%
2018 -1.22% -3.1%
2017 -2.09% -1.87%
2016 -1.53% -1.68%
2015 -1.18% -0.51%
2014 -2.29% -0.96%
2013 -3.98% -1.21%
2012 -6.93% -1.78%
2011 -5.35% -0.35%
2010 -4.11% -2.99%
2009 -2.63% -5.14%
2008 -0.72% -2.13%
2007 -1.59% -1.37%
2006 -5.01% -0.22%
2005 -6% -0.75%
2004 -2.58% -4.11%
2003 -3.17% -7.55%
2002 -3.03% -11.3%
2001 -3.07% -11.6%
2000 -1.17% -8.36%
1999 1.61% -13.8%
1998 2.22% -9.84%
1997 -1.1% -10.1%
1996 -0.57% -10.7%
1995 -0.13% -5.95%
1994 -0.02% -6.04%
1993 -0.25% -8.84%
1992 -0.66% -6.73%
1991 -0.42% -6.86%
1990 0.29% -3.65%
1989 0.89% -3.87%
1988 2.02% -3.2%
1987 0.56% -3.47%
1986 -1.61% -2.43%
1985 -1.5% -5.84%
1984 - -3.77%
1983 - -1.45%
1982 - -1.61%
1981 - -1.5%
1980 - -3.67%
1979 - -3.06%
1978 - -1.83%
1977 - -5.1%
1976 - -0.6%
1975 - -0.19%
1974 - -1.02%
1973 - -0.98%
1972 - -0.13%
1971 - -3.05%
1970 - 0.14%
1969 - -1.45%
1968 - -0.62%
1967 - 0.1%
1966 - -0.66%
1965 - -1.18%
1964 - -0.84%
1963 - 0%
1962 - -0.16%
1961 - -1%
1960 - -0.83%
1959 - -0.78%
1958 - -0.45%
1957 - -0.66%
1956 - -0.84%
1955 - -0.85%
1954 - -1.12%
1953 - -0.12%
1952 - -0.1%
1951 - 0.48%
1950 - -0.53%
1949 - 0.81%
1948 - 0.84%
1947 - -
1946 - -
1945 - 1.01%
1944 - -
1943 - 0.22%
1942 - -
1941 - -
1940 - -
1939 - -
1938 - 1.18%
1937 - -
1936 - 1.43%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-07-08).

GeoRank.org/economy/saint-lucia/turkey | 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 Turkey's deficit of $44.4B, or 2.78% of GDP.

Over the past 41 years, Saint Lucia recorded a fiscal deficit in 35 of those years, while Turkey ran a deficit in 41 years. On average, Saint Lucia posted an annual deficit equal to 2.11% of GDP, compared to deficit of 4.74% of GDP for Turkey.

Inflation comparison by year

Inflation
Saint Lucia

Turkey
1x
Year Consumer prices inflation
Saint Lucia Turkey
2025 2.03% 34.9%
2024 -0.67% 58.5%
2023 3.82% 53.9%
2022 9.65% 72.3%
2021 2.41% 19.6%
2020 -1.76% 12.3%
2019 0.54% 15.2%
2018 1.94% 16.3%
2017 0.1% 11.1%
2016 -3.08% 7.78%
2015 -0.98% 7.67%
2014 3.52% 8.85%
2013 1.47% 7.49%
2012 4.18% 8.89%
2011 2.77% 6.47%
2010 3.25% 8.57%
2009 -0.16% 6.25%
2008 5.55% 10.4%
2007 2.82% 8.76%
2006 2.4% 9.6%
2005 3.9% 8.18%
2004 1.46% 8.6%
2003 1.03% 21.6%
2002 -0.26% 45%
2001 5.31% 54.4%
2000 3.71% 54.9%
1999 3.5% 64.9%
1998 3.2% 84.6%
1997 -0.006% 85.7%

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

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

Over the past 29 years, Saint Lucia has recorded an average annual inflation rate of 2.13%, compared with 28% in Turkey. In 2025, inflation was 2.03% in Saint Lucia and 34.9% in Turkey.

Top exports between countries

Saint Lucia
Export category Export value
Turkey
Export category Export value
Metals $5.86M
Machinery & equipment $2.91M
Chemicals & pharma $1.34M
Textiles & consumer goods $626K
Raw materials & minerals $469K
Processed food, beverages & tobacco $337K
Wood & paper products $192K
Miscellaneous $138K
Raw agricultural goods $31K
Weapons & explosives $5K

Balance of trade

Saint Lucia Turkey
Current account balance
-$166M
2025
-$10.4B
2024
Current account balance ranking
89/190
2025
175/190
2024
Current account balance, % of GDP
-6.26%
2025
-0.77%
2024
Goods imports
$834M
2025
$313B
2024
Goods exports
$144M
2025
$257B
2024
Service imports
$672M
2025
$55.8B
2024
Service exports
$1.4B
2025
$117B
2024
Imports of goods and services, % of GDP n/a
25.1%
2025
Exports of goods and services, % of GDP
19%
2026
24.8%
2025

Economic freedom indices

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

Saint Lucia Turkey
Economic freedom 67.5 55
Economic freedom ranking 57/197 129/197
Property rights 64.3 36.4
Government integrity 59.7 35.3
Judicial effectiveness 77.3 23.5
Tax burden 77.7 72
Government spending 82.6 71.8
Fiscal health 80 77.8
Business freedom 71.9 61.6
Labor freedom 65.2 44.3
Monetary freedom 81 36.5
Trade freedom 60 71
Investment freedom 50 70
Financial freedom 40 60

Economic freedom comparison by year

Saint Lucia
Turkey
1x
Year Economic freedom index
Saint Lucia Turkey
2026 67.5 55
2025 67 56.1
2024 62.2 56.2
2023 60.7 56.9
2022 64.3 56.9
2021 67.5 64
2020 68.2 64.4
2019 68.7 64.6
2018 67.6 65.4
2017 65 65.2
2016 70 62.1
2015 70.2 63.2
2014 70.7 64.9
2013 70.4 62.9
2012 71.3 62.5
2011 70.8 64.2
2010 70.5 63.8
2009 68.8 61.6
2008 - 59.9
2007 - 57.4
2006 - 57
2005 - 50.6
2004 - 52.8
2003 - 51.9
2002 - 54.2
2001 - 60.6
2000 - 63.4
1999 - 59.2
1998 - 60.9
1997 - 60.8
1996 - 56.7
1995 - 58.4

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

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

The Economic Freedom Index for Saint Lucia is 67.5, ranking 57/197, compared to 55 for Turkey, ranking 129/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saint Lucia Turkey
Services, % of GDP
73.8%
2025
59.4%
2025
Industry, % of GDP
10.7%
2025
24%
2025
Agriculture, forestry, and fishing, % of GDP
1.66%
2025
5.21%
2025
GNI, Atlas method
$2.42B
2025
$1.4T
2025
GNI per capita, PPP
$26,180
2025
$44,630
2025
Total reserves including gold
$447M
2025
$186B
2025
Total reserves ranking
160/177
2025
20/177
2025
Net foreign direct investment
-$175M
2025
-$5.08B
2024
Net inflows of foreign direct investment
$187M
2024
$11.7B
2024
Net outflows of foreign direct investment
-$350K
2024
$6.61B
2024
Servicing debt to the IMF, % of GNI
3.35%
2024
6.68%
2024
Poverty at national poverty lines
25%
2016
13%
2024
Gross capital formation, % of GDP n/a
31.7%
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/turkey | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (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.