[ Nominal GDP in billions of USD ]
Year -
$2.55 billions
St. Lucia GDP expanded from 1980 to 2024, increasing from $0.17 billion to $2.55 billion.The compound annual growth rate (CAGR) averaged 6.35% over the period. The economy recorded its peak level in 2024 and its lowest level in 1980. Growth volatility remained high. The maximum drawdown reached 28.57%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 2.55 Billions | $ 4.96 Int Billions |
| Growth (YoY) | 4.893% | 6.404% |
| Net Change vs Previous Year | $ 0.12 Billion | $ 0.30 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | 0.17 | - | - | - | - | - |
| 1981 | 0.19 | 0.02 | 14.13 % | - | - | - |
| 1982 | 0.18 | -0.01 | -5.714 % | - | - | - |
| 1983 | 0.2 | 0.01 | 7.475 % | - | - | - |
| 1984 | 0.25 | 0.05 | 27.632 % | - | - | - |
| 1985 | 0.28 | 0.03 | 13.108 % | - | - | - |
| 1986 | 0.34 | 0.06 | 19.531 % | - | - | - |
| 1987 | 0.38 | 0.04 | 10.458 % | - | - | - |
| 1988 | 0.43 | 0.05 | 14.398 % | - | - | - |
| 1989 | 0.49 | 0.06 | 13.276 % | - | - | - |
| 1990 | 0.58 | 0.09 | 19.102 % | 0.96 | - | - |
| 1991 | 0.61 | 0.03 | 5.879 % | 0.99 | 0.04 | 3.77 % |
| 1992 | 0.67 | 0.06 | 9.837 % | 1.1 | 0.1 | 10.413 % |
| 1993 | 0.68 | 0.01 | 1.593 % | 1.13 | 0.03 | 2.967 % |
| 1994 | 0.71 | 0.03 | 4.218 % | 1.17 | 0.04 | 3.768 % |
| 1995 | 0.76 | 0.05 | 6.902 % | 1.22 | 0.05 | 3.882 % |
| 1996 | 0.79 | 0.03 | 3.398 % | 1.28 | 0.06 | 4.807 % |
| 1997 | 0.81 | 0.02 | 2.16 % | 1.29 | 0.01 | 1.018 % |
| 1998 | 0.88 | 0.07 | 8.869 % | 1.39 | 0.1 | 7.481 % |
| 1999 | 0.92 | 0.04 | 5.065 % | 1.44 | 0.06 | 4.123 % |
| 2000 | 0.93 | 0.01 | 1.165 % | 1.48 | 0.03 | 2.315 % |
| 2001 | 0.89 | -0.04 | -4.289 % | 1.46 | -0.02 | -1.233 % |
| 2002 | 0.9 | 0.01 | 0.83 % | 1.49 | 0.03 | 1.977 % |
| 2003 | 0.99 | 0.09 | 9.712 % | 1.58 | 0.09 | 6.323 % |
| 2004 | 1.07 | 0.08 | 8.027 % | 1.74 | 0.16 | 10.152 % |
| 2005 | 1.14 | 0.07 | 6.458 % | 1.79 | 0.05 | 2.712 % |
| 2006 | 1.27 | 0.13 | 11.692 % | 1.96 | 0.17 | 9.47 % |
| 2007 | 1.34 | 0.07 | 5.343 % | 2.05 | 0.09 | 4.447 % |
| 2008 | 1.44 | 0.1 | 7.607 % | 2.19 | 0.14 | 6.971 % |
| 2009 | 1.4 | -0.04 | -2.519 % | 2.14 | -0.05 | -2.23 % |
| 2010 | 1.48 | 0.08 | 5.771 % | 2.17 | 0.03 | 1.549 % |
| 2011 | 1.57 | 0.09 | 5.8 % | 2.31 | 0.14 | 6.479 % |
| 2012 | 1.6 | 0.03 | 1.902 % | 2.32 | 0.01 | 0.25 % |
| 2013 | 1.66 | 0.06 | 3.891 % | 2.43 | 0.11 | 4.687 % |
| 2014 | 1.75 | 0.09 | 5.348 % | 2.51 | 0.08 | 3.262 % |
| 2015 | 1.81 | 0.06 | 3.342 % | 2.51 | 0 | 0.093 % |
| 2016 | 1.87 | 0.06 | 3.369 % | 2.69 | 0.18 | 7.095 % |
| 2017 | 2 | 0.13 | 6.955 % | 2.84 | 0.16 | 5.802 % |
| 2018 | 2.06 | 0.06 | 3.125 % | 3.09 | 0.24 | 8.487 % |
| 2019 | 2.1 | 0.03 | 1.669 % | 3.32 | 0.24 | 7.713 % |
| 2020 | 1.5 | -0.6 | -28.447 % | 2.66 | -0.67 | -20.034 % |
| 2021 | 1.87 | 0.37 | 24.539 % | 3.41 | 0.75 | 28.287 % |
| 2022 | 2.34 | 0.48 | 25.468 % | 4.4 | 0.99 | 28.972 % |
| 2023 | 2.43 | 0.09 | 3.733 % | 4.66 | 0.26 | 5.888 % |
| 2024 | 2.55 | 0.12 | 4.893 % | 4.96 | 0.3 | 6.404 % |
Between 1980 to 2024, St. Lucia experienced the following economic phases:
The most remarkable growth occurred in 1984 with an increase of 27.632%, while the largest decline was in 2020 at -28.447%.