WTO Report - The Future of Trade: The Challenges of Convergence
St. Lucia - Trade Profile [UWI's Shridath Ramphal Centre]
1. Population: 172,000
SAINT LUCIA Area: 619 sq km (238 sq miles)
MAIN ECONOMIC INDICATORS
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
GDP ($US, billions) 0.71 0.69 0.71 0.75 0.80 0.88 0.93 0.96 1.00 0.97 1.00
GDP (% change) 0.0 -4.1 0.6 3.5 3.8 4.4 4.8 1.5 0.7 -5.2 1.1
GDP per capita ($US) 4,535 4,351 4,430 4,656 4,932 5,336 5,594 5,700 5,863 5,671 5,778
Current account balance ($US, billions) -0.10 -0.11 -0.11 -0.11 -0.09 -0.15 -0.28 -0.30 -0.31 -0.20 -0.21
Current account balance (% of GDP) -13.4 -15.6 -15.0 -14.7 -10.9 -17.1 -30.2 -31.3 -30.7 -20.0 -21.2
Inflation (% change) 3.7 5.4 -0.3 1.0 1.5 3.9 3.6 1.9 7.2 0.6 1.7
Unemployment+ (%) 17 - 15 22 21 - - - - - -
GDP (% change) Inflation (% change) GDP Current account balance
6.5 1.05
0.85
4.5
0.65
2.5
$US Billions
0.45
% 0.5
0.25
-1.5 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
0.05
-3.5 -0.15 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
-5.5 -0.35
Source: IMF World Economic Outlook April 2010
+
Source: The World Bank - http://databank.worldbank.org
*Numbers in italics represent estimates
2. Population: 172,000
SAINT LUCIA Area: 619 sq km (238 sq miles)
MAIN TRADE INDICATORS – GOODS
2004 2005 2006 2007 2008
Trade Balance ($US thousands) -341,800 -421,555 -498,622 -561,453 -4,075,530
Total Exported Value ($US thousands) 79,782 64,220 93,746 52,455 117,063
Total Imported Value ($US thousands) 421,582 485,775 592,368 613,908 4,192,593
Top 10 Markets by % of Total Exported Value (2007) Top 10 Markets by % of Total Imported Value (2007)
United Kingdom 26% United States of America 42%
Trinidad and Tobago 24% Trinidad and Tobago 20%
United States of America 14% Japan 6%
Barbados 12% United Kingdom 5%
Dominica 5% Barbados 4%
St Vincent & the Grenadines 5% Thailand 2%
Antigua and Barbuda 4% Canada 2%
Grenada 4% Finland 1%
St Kitts and Nevis 1% France 1%
France 1% Panama 1%
Electrical,
Top 5 Exports by % of Total Exported Value (2008) Commodities electronic Top 5 Imports by % of Total Exported Value (2008)
not elsewhere Nuclear reactors,
equipment, Vehicles other than
boilers, machinery,
specified, 10% 0.7% Commodities not railway, tramway,
0.7%
elsewhere 0.8%
Edible fruit, Beverages, specified, 0.6%
nuts, peel of spirits and
citrus fruit, vinegar, 10%
melons, 28%
Electrical,
electronic
Mineral fuels, equipment,
11% Mineral fuels, oils,
oils, distillation distillation
products, 20% products, 91%
Source: International Trade Centre – www.trademap.org
3. Population: 172,000
SAINT LUCIA Area: 619 sq km (238 sq miles)
MAIN TRADE INDICATORS – SERVICES
2004 2005 2006 2007 2008
Trade Balance ($US thousands) 219,410 251,720 174,680 168,360 180,600
Total Exported Value ($US thousands) 367,150 423,430 343,560 356,110 361,910
Total Imported Value ($US thousands) 147,740 171,710 168,880 187,750 181,310
Top Exports by % of Total Exported Value (2007) Top Imports by % of Total Imported Value (2007)
Travel 83% Transportation 43%
Travel 22%
Other business services 8%
Other business services 21%
Transportation 5%
Insurance services 8%
Communications services 2%
Government services 3%
Insurance services 2%
Communications services 2%
Government services 0.5% Royalties and license fees 1%
Source: International Trade Centre – www.trademap.org