IMF Staff Country Reports

St. Lucia: Statistical Annex

Publication Date:

May 12, 1999

Electronic Access:

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Summary:

This paper reviews economic development in St. Lucia during 1993–98. Economic performance weakened in St. Lucia during 1995–97. Real GDP growth declined to an average of about 2½ percent a year during this period, after averaging more than 6 percent over the previous 10-year period. A key element in this decline was the contraction in banana production by one-third, to 71,000 tons in 1997. Brisk growth in tourism offset this decline to some extent, with annual average real earnings increasing by more than 6 percent.

Series:

Country Report No. 1999/038

Subject:

Agricultural commodities Commercial banks Commodities Credit Economic sectors Exports Financial institutions International trade Public sector Revenue administration