Saint Lucia's GDP changed from approximately $170M in 1980 to $2B 582M in 2024, showing an overall 1418.8% sharply increased during the period.
The lowest GDP was recorded in 1980 at $170M, and the highest in 2024 at $2B 582M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.4%.
For comparison, the average annual growth rate of Grenada was 5.9%, and that of Barbados was 4.4%.
Overview of Saint Lucia's GDP (1980–2024)
The Gross Domestic Product (GDP) of Saint Lucia recorded a 1418.8% sharply increased from 1980 to 2024.
The average GDP during this period was $1B 116M, and the median was $932M.
GDP fluctuated within a range of $2B 412M, with a standard deviation of $671M 516K.
The average annual change was $50M 31K.
Saint Lucia GDP from 1980 to 2024
The total market value of goods and services produced annually in Saint Lucia.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $170M
- Highest GDP: 2024, $2B 582M
- Most Recent GDP: 2024, $2B 582M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Saint Lucia's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $2B 103M → $1B 523M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $1B 331M → $1B 400M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $932M → $892M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $805M → $877M
- Outcome: increased
Key Economic Indicators of Saint Lucia (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 170M | $ 1,373.09 | $ 2,282.99 | $ 283M | -0.51 % | 0 % | 0 % | 0 % | 124,000 people |
1981 | $ 194M | $ 1,546.06 | $ 2,591.26 | $ 325M | 5.105 % | 0 % | 0 % | 0 % | 126,000 people |
1982 | $ 183M | $ 1,439.28 | $ 2,773.38 | $ 353M | 2.114 % | 0 % | 0 % | 0 % | 127,000 people |
1983 | $ 197M | $ 1,528.79 | $ 2,960.20 | $ 382M | 4.059 % | 0 % | 0 % | 0 % | 129,000 people |
1984 | $ 251M | $ 1,922.76 | $ 3,266.72 | $ 427M | 8.01 % | 0 % | 0 % | 0 % | 131,000 people |
1985 | $ 284M | $ 2,141.23 | $ 3,735.79 | $ 496M | 12.59 % | 0 % | 0 % | -0.332 % | 133,000 people |
1986 | $ 340M | $ 2,520.48 | $ 4,293.27 | $ 579M | 14.402 % | 0 % | 0 % | -0.631 % | 135,000 people |
1987 | $ 375M | $ 2,743.22 | $ 4,506.43 | $ 616M | 3.924 % | 0 % | 0 % | 1.709 % | 137,000 people |
1988 | $ 429M | $ 3,096.61 | $ 5,241.72 | $ 727M | 13.899 % | 0 % | 0 % | 2.879 % | 139,000 people |
1989 | $ 486M | $ 3,463.51 | $ 5,860.62 | $ 823M | 8.983 % | 0 % | 0 % | 1.622 % | 140,000 people |
1990 | $ 579M | $ 4,069.78 | $ 6,594.69 | $ 938M | 9.89 % | 0 % | 0 % | 0.834 % | 142,000 people |
1991 | $ 613M | $ 4,249.60 | $ 6,750.10 | $ 974M | 0.376 % | 0 % | 0 % | 0.065 % | 144,000 people |
1992 | $ 674M | $ 4,599.80 | $ 7,343.37 | $ 1B 75M | 7.952 % | 0 % | 0 % | -0.108 % | 146,000 people |
1993 | $ 684M | $ 4,604.86 | $ 7,450.58 | $ 1B 107M | 0.583 % | 0 % | 0 % | 0.321 % | 149,000 people |
1994 | $ 713M | $ 4,736.70 | $ 7,630.43 | $ 1B 149M | 1.599 % | 0 % | 0 % | 0.506 % | 151,000 people |
1995 | $ 762M | $ 5,003.44 | $ 7,833.67 | $ 1B 193M | 1.749 % | 0 % | 0 % | 0.455 % | 152,000 people |
1996 | $ 788M | $ 5,119.76 | $ 8,123.73 | $ 1B 251M | 2.922 % | 0 % | 0 % | 0.09 % | 154,000 people |
1997 | $ 805M | $ 5,181.54 | $ 8,128.10 | $ 1B 264M | -0.694 % | 0 % | 0 % | -0.379 % | 155,000 people |
1998 | $ 877M | $ 5,588.76 | $ 8,658.13 | $ 1B 358M | 6.286 % | 0 % | 0 % | 3.114 % | 157,000 people |
1999 | $ 921M | $ 5,821.50 | $ 8,935.30 | $ 1B 414M | 2.67 % | 0 % | 0 % | 2.559 % | 158,000 people |