Additional information about the country |
GDP per capita: purchasing power parity - $5,400 (2002 est.)
GDP by sector: agriculture: 7%; industry: 20%; services: 73% (2002 est.)
Labour force: 43,800 (2001 est.)
Labour force by occupation: agriculture 21.7%, industry, commerce, and manufacturing 24.7%, services 53.6% (2002 est.)
Unemployment: 20%
Agriculture: bananas, coconuts, cocoa, root crops, vegetables, citrus
Industries: clothing, assembly of electronic components, beverages, corrugated cardboard boxes, tourism, lime processing, coconut processing
Television broadcast stations: 2 (of which one is a commercial broadcast station and one is a community antenna television or CATV channel) (2004)
Internet: 13,000 users (2002)
Military: no regular military forces; Royal Saint Lucia Police Force (includes Special Service Unit, Coast Guard) (2003) |
Economy overview |
Changes in the EU import preference regime and the increased competition from Latin American bananas have made economic diversification increasingly important in Saint Lucia. The island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries. The manufacturing sector is the most diverse in the Eastern Caribbean area, and the government is trying to revitalize the banana industry. Economic fundamentals remain solid, even though unemployment needs to be cut. |