St. Lucia: 2017 Article IV Consultation-Press Release and Staff Report
IMF Staff Country Reports, March 31, 2017
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- Canonical URL
- St. Lucia: 2017 Article IV Consultation-Press Release and Staff Report
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Bibliographic details
- Published: March 31, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475590906.002
Macroeconomic performance and projections
- GDP growth is estimated to have reached 0.8 percent in 2016, down from 1.8 percent in 2015.
- GDP is projected to grow at 0.5 percent in 2017, driven mostly by continued strong performance in construction and agriculture.
- Inflation is expected to rise temporarily due to higher import prices, including for oil.
Employment and labor market
- Unemployment declined to 20 percent in the third quarter of 2016, supported by strong employment growth in agriculture and construction.
- Youth unemployment also fell, but remains very high at 41 percent.
External sector and balance implications
- Higher import prices, including for oil, together with weak tourism expenditures, will contribute to wider external imbalances.
Thematic coverage (as listed)
- Capital spending
- Economic and financial statistics
- Environment
- External sector statistics
- Fiscal stance
- Natural disasters
- Public debt
- Public financial management (PFM)
- Revenue administration
St. Lucia: 2017 Article IV Consultation-Press Release and Staff Report (March 31, 2017).
Content in this bundle
- Country Report