Saint Lucia
Description of Saint Lucia
Saint Lucia, a picturesque island nation nestled in the eastern Caribbean Sea, is a gem known for its lush landscapes, vibrant culture, and warm hospitality. With a diverse economy that thrives on tourism, agriculture, and services, Saint Lucia has been making strides in its development journey. As a geopolitical and macroeconomic analyst, I delve into the intricate web of data and trends to provide insights on how macroeconomic statistics may impact Saint Lucia's growth and its relationships with neighboring countries and global powers.
Population And Age Structure
Population, total: Saint Lucia has a population of 179,237, which is significantly below the average population of 40,097,746. This places Saint Lucia at rank 175 out of 194 countries.
Population ages 0-14 (% of total population): With 18.57% of its population in this age group, Saint Lucia is below the average of 27.34%. It ranks 139 out of 194 countries.
Population ages 0-14, total: The total number of individuals aged 0-14 in Saint Lucia is 33,290, much lower than the average of 10,327,379. This puts Saint Lucia at rank 178 out of 194 countries.
Population ages 15-64 (% of total population): Saint Lucia has 72.51% of its population in this age range, higher than the average of 63.44%. It ranks impressively at 7 out of 194 countries.
Population ages 15-64, total: The total number of individuals aged 15-64 in Saint Lucia is 129,966, below the average of 26,003,407. Saint Lucia ranks 174 out of 194 countries.
Population ages 65 and above (% of total population): With 8.92% of its population in this older age group, Saint Lucia is slightly below the average of 9.22%. This places Saint Lucia at rank 76 out of 194 countries.
Population ages 65 and above, total: The total number of individuals aged 65 and above in Saint Lucia is 15,982, significantly lower than the average of 3,766,959. Saint Lucia ranks 173 out of 194 countries for this attribute.
Summary
Saint Lucia has a relatively small population compared to the global average, with a higher percentage of individuals in the working-age bracket (15-64 years) and lower percentages in the younger and older age groups. This demographic profile is important as it indicates a potential demographic dividend due to a larger working-age population supporting dependents, but also poses challenges in terms of providing for the needs of the younger and older populations with a smaller tax base.
Population Miscellaneous
- Saint Lucia has a rural population of 145,467, which is significantly below the average rural population of 18,044,041. This places Saint Lucia at rank 167 out of 190 countries in terms of rural population.
- The rural population (% of total population) in Saint Lucia is 81.159%, well above the average of 41.158%. Saint Lucia is ranked 9th out of 190 countries in this category.
- The urban population in Saint Lucia is 33,770, far below the average urban population of 22,425,747. This places Saint Lucia at rank 186 out of 194 countries.
- Saint Lucia has an urban population (% of total population) of 18.841%, which is considerably lower than the average of 59.691%. Saint Lucia is ranked 186th out of 194 countries in this aspect.
- The age dependency ratio (% of working-age population) in Saint Lucia is 37.911%, below the average of 59.219%. This places Saint Lucia at rank 188 out of 194 countries.
- Saint Lucia's crude birth rate is 11.667 per 1,000 people, below the average of 19.384. In this category, Saint Lucia ranks 135th out of 192 countries.
- The crude death rate in Saint Lucia is 8.205 per 1,000 people, slightly below the average of 8.214. Saint Lucia is ranked 80th out of 192 countries in terms of crude death rate.
- Saint Lucia's total fertility rate is 1.411 births per woman, lower than the average of 2.603. This places Saint Lucia at rank 167 out of 190 countries in terms of fertility rate.
Summary
Saint Lucia has a predominantly rural population with a high rural population percentage compared to the global average. The country also has a significantly lower urban population and urban population percentage than the average. Additionally, Saint Lucia exhibits a lower age dependency ratio, crude birth rate, crude death rate, and total fertility rate compared to the global averages. These statistics are important as they provide insight into the demographic structure of Saint Lucia, showing its unique population distribution and demographic trends in relation to other countries.
Natural Resources
Regarding Forest area (sq. km), Saint Lucia has a value of 207.7, significantly below the average of 211,606.11 sq. km. Saint Lucia is ranked 170 out of 191 countries in this dataset.
For Land area (sq. km), Saint Lucia's value of 610 falls well below the average of 665,166.51 sq. km. The country is ranked 177 out of 194 countries in this dataset.
When it comes to Surface area (sq. km), Saint Lucia's value of 620 is notably lower than the average of 689,779.56 sq. km. The country holds the 177th rank out of 194 countries in this dataset.
Concerning Arable land (hectares), Saint Lucia's value of 2670 is significantly below the average of 7,329,543.16 hectares. The country is ranked 177 out of 190 countries in this dataset.
In terms of Average precipitation in depth (mm per year), Saint Lucia's value of 2301 is above the average of 1157.83 mm per year. Saint Lucia is ranked 20th out of 178 countries in this dataset.
For Renewable internal freshwater resources, total (billion cubic meters), Saint Lucia's value of 0.3 is well below the average of 240.41 billion cubic meters. The country holds the 167th rank out of 178 countries in this dataset.
Summary
Saint Lucia exhibits below-average values in key macroeconomic indicators such as forest area, land area, surface area, arable land, and renewable internal freshwater resources when compared to global averages. However, the country ranks relatively higher in average precipitation depth. These findings are crucial as they highlight Saint Lucia's limited natural resources and potential challenges in agriculture and water management, which could impact its economic development and environmental sustainability.
Resource Rents
In terms of Total natural resources rents (% of GDP), Saint Lucia's value is 0.0194, which is significantly below the average of 4.63. This places Saint Lucia at rank 164 out of 175 countries in the dataset.
For Forest rents (% of GDP), Saint Lucia's value is 0.0194, also notably below the average of 1.53. This positions Saint Lucia at rank 143 out of 174 countries included in the analysis.
Summary
Saint Lucia has relatively low Total natural resources rents and Forest rents as a percentage of its GDP, ranking 164th and 143rd out of 175 and 174 countries, respectively. These indicators suggest that Saint Lucia may not be maximizing its natural resource utilization for economic gain compared to other countries in the dataset. This could potentially hinder the country's economic development and competitiveness in the global market as natural resources play a crucial role in driving economic growth and sustainability.
Commodities
In terms of Aquaculture production, Saint Lucia's value of 91.89 metric tons is significantly below the average of 679,642.92 metric tons per country. Saint Lucia ranks 152 out of 180 countries in this attribute data.
With a Capture fisheries production of 1423.83 metric tons, Saint Lucia is below the average of 467,453.06 metric tons. The country holds a rank of 166 out of 190 countries in this category.
Saint Lucia's Total fisheries production of 1515.72 metric tons also falls short of the average of 1,153,914.85 metric tons. The country ranks 173 out of 182 countries in this regard.
In terms of Fertilizer consumption, Saint Lucia's value of 197.81 kilograms per hectare of arable land surpasses the average of 159.04 kilograms. Saint Lucia holds a rank of 44 out of 187 countries in this attribute data.
Summary
Saint Lucia's Aquaculture, Capture fisheries, and Total fisheries production figures are below the global averages, positioning the country in the lower ranks in these categories. However, the country's above-average Fertilizer consumption indicates a potentially efficient agricultural sector in comparison to other nations.
These findings are crucial for policymakers and investors in Saint Lucia as they highlight areas of strength and weakness in the country's economy. By focusing on improving fisheries production while maintaining the efficiency in fertilizer consumption, Saint Lucia can work towards enhancing its competitiveness in the global market and achieving sustainable economic growth.
Intellectual Property
Saint Lucia's scientific and technical journal articles output is significantly below the global average, with a value of 3.26 compared to the average of 15103.76. The country ranks 188 out of 192 countries included in the data for this attribute.
Regarding charges for the use of intellectual property payments, Saint Lucia's value of $7,954,522.12 is notably below the average of $3,218,843,494.39. The country holds a rank of 104 out of 143 countries.
Similarly, for charges for the use of intellectual property receipts, Saint Lucia's value of $79,913.33 is well below the average of $3,191,687,117.58. The country ranks 108 out of 122 countries in this attribute.
Summary
Saint Lucia's low scientific and technical journal articles output, along with its significantly below-average charges for the use of intellectual property payments and receipts, indicate a lack of innovation and investment in research and development. These indicators are crucial as they reflect a country's competitiveness in the global knowledge economy. Improving these metrics could enhance Saint Lucia's ability to generate new ideas, technologies, and products, ultimately fostering economic growth and competitiveness on the international stage.
Broad Economy Attributes
When looking at the GDP (current US$), Saint Lucia's value of 1,604,444,444.44 is significantly below the average of 442,870,224,838.68. This places Saint Lucia at rank 170 out of 189 countries included in the data.
For GDP, PPP (current international $), Saint Lucia's value of 2,205,295,644.22 is also notably lower than the average of 734,141,122,350.78. This puts Saint Lucia at rank 166 out of 181 countries.
In terms of GDP per capita (current US$), Saint Lucia's value is 8,951.52, below the average of 15,462.11. This ranks Saint Lucia at 71 out of 190 countries.
For GDP per capita, PPP (current international $), Saint Lucia's value of 12,303.80 falls below the average of 21,251.89. This places Saint Lucia at rank 98 out of 181 countries.
Looking at GNI (current US$), Saint Lucia's value of 1,572,244,444.44 is well below the average of 452,040,815,370.70, ranking Saint Lucia 167 out of 185 countries.
For GNI, PPP (current international $), Saint Lucia's value of 2,161,037,010.03 is significantly lower than the average of 730,698,223,823.47. Saint Lucia is ranked 166 out of 181 countries for this attribute.
Lastly, in terms of GNI per capita, PPP (current international $), Saint Lucia's value of 12,060 is below the average of 20,615.75. This places Saint Lucia at rank 97 out of 181 countries for this metric.
Summary
Saint Lucia’s GDP, GDP per capita, and GNI indicators, both in current US$ and PPP, are consistently below global averages. This indicates a relatively lower level of economic output, income, and overall economic development compared to the majority of countries analyzed. These statistics are crucial as they highlight Saint Lucia's position in the global economic landscape, signaling potential areas for improvement and development to enhance its economic standing and prosperity.
Broad Value Added
1. Gross value added at basic prices (GVA) (current US$): Saint Lucia's value of $1,295,788,888.89 is significantly lower than the average of $360,070,943,595.12. With a rank of 164 out of 176 countries, it indicates a lower level of economic output.
2. Agriculture, forestry, and fishing, value added (% of GDP): Saint Lucia's value of 1.84% is well below the average of 10.86%. Ranked 152 out of 182 countries, the country's agricultural sector contributes relatively less to its GDP compared to other nations.
3. Agriculture, forestry, and fishing, value added (current US$): At $29,525,925.93, Saint Lucia's value is significantly below the average of $19,924,732,828.07. With a rank of 178 out of 182 countries, the country's monetary value from this sector is notably lower.
4. Services, value added (% of GDP): Saint Lucia's value of 68.18% is above the average of 56.72%. The country is ranked 31 out of 183 countries, indicating a relatively higher contribution of services to its GDP.
5. Services, value added (current US$): Saint Lucia's value of $1,093,892,592.59 is well below the average of $295,837,711,130.69. Ranked 165 out of 183 countries, it signifies a lower monetary value derived from services.
6. Industry (including construction), value added (current US$): Saint Lucia's value of $172,366,666.67 is significantly lower than the average of $118,421,095,413.50. With a rank of 173 out of 183 countries, the country's industrial output is comparatively modest.
Summary
Saint Lucia exhibits a weaker economic performance compared to the global averages and ranks relatively low in key macroeconomic indicators such as gross value added, agricultural value added, service value added, and industrial output. This suggests that the country may face challenges in terms of economic diversification, productivity, and overall economic development. Addressing these disparities and enhancing economic productivity across sectors will be crucial for Saint Lucia to improve its competitiveness, attract investments, and achieve sustainable economic growth in the long term.
Manufacturing Value Added
Analysis of Manufacturing, value added (current US$): Saint Lucia's value of 42,274,074.07 is significantly below the attribute average of 76,207,179,589.66. Saint Lucia is ranked 162 out of 173 countries in this category.
Analysis of Manufacturing, value added (% of GDP): With a value of 2.63%, Saint Lucia's performance is below the average of 11.90%. The country is ranked 165 out of 173 countries based on this metric.
Analysis of Medium and high-tech manufacturing value added (% manufacturing value added): Saint Lucia's value of 7.83% is notably lower than the average of 24.49%. The country holds the 122nd rank out of 149 countries in this aspect.
Summary
Saint Lucia lags behind in manufacturing value added both in absolute terms and as a percentage of its GDP, ranking poorly compared to other countries. Additionally, its contribution to medium and high-tech manufacturing value added is significantly lower than the global average, placing it in a lower position internationally. These indicators are crucial as they highlight Saint Lucia's underdeveloped manufacturing sector, which might affect its overall economic growth and competitiveness in the global market.
Money
Analysis of key macroeconomic statistics for Saint Lucia:
1. Inflation, consumer prices (annual %): The inflation rate in Saint Lucia is -1.76%, significantly below the average of 8.26%. Saint Lucia ranks 161 out of 165 countries in this data set.
2. Inflation, GDP deflator (annual %): Saint Lucia's GDP deflator inflation is 0.89%, below the average of 6.90%. The country ranks 124 out of 188 countries.
3. Broad money growth (annual %): The broad money growth rate in Saint Lucia is -12.69%, much lower than the average of 18.03%. Saint Lucia ranks 139 out of 139 countries in this data set.
4. Broad money (% of GDP): Saint Lucia's broad money as a percentage of GDP is 72.08%, slightly above the average of 71.75%. The country ranks 58 out of 139 countries.
5. Broad money to total reserves ratio: Saint Lucia's ratio is 4.99%, slightly below the average of 5.17%. The country ranks 27 out of 126 countries.
Summary
Saint Lucia demonstrates a unique macroeconomic profile, with below-average inflation rates, negative broad money growth, but a higher-than-average broad money as a percentage of GDP. Despite its low rankings in some indicators, such as inflation and broad money growth, Saint Lucia's relatively high broad money to GDP ratio indicates a strong financial base compared to other countries. These statistics are crucial as they provide insights into Saint Lucia's economic stability, monetary policy effectiveness, and financial resilience in comparison to global standards.
Investment
1. Foreign direct investment, net (BoP, current US$): Saint Lucia's value is -53,342,121.77, which is significantly above the attribute average of -1,615,235,980.51. However, Saint Lucia ranks 53 out of 169 countries included in the data.
2. Foreign direct investment, net inflows (BoP, current US$): Saint Lucia received 99,135,484.68 in net inflows, which is well below the average of 5,749,271,080.15. Saint Lucia ranks 128 out of 182 countries in this category.
3. Foreign direct investment, net inflows (% of GDP): With a value of 6.18%, Saint Lucia exceeds the average of 2.61%. The country holds the 27th rank out of 178 countries in this dataset.
4. Foreign direct investment, net outflows (BoP, current US$): Saint Lucia's outflow amount is -24,205,809, which is far below the attribute average of 5,707,991,116.07. The country ranks 128 out of 156 countries.
5. Foreign direct investment, net outflows (% of GDP): At -1.51%, Saint Lucia is below the average outflow percentage of 1.00%. The country is ranked 142 out of 155 included countries.
6. Portfolio Investment, net (BoP, current US$): Saint Lucia's net investment stands at 78,021,582.61, significantly lower than the average of 679,559,169.57. The country is ranked 63 out of 159 in this category.
7. Portfolio investment, bonds (PPG + PNG) (NFL, current US$): Saint Lucia's bond investment is -200,000, well below the average of 4,134,263,915.25. The nation ranks 37 out of 59 countries.
8. Portfolio equity, net inflows (BoP, current US$): Saint Lucia received 646,401.85 in net equity inflows, a minimal amount compared to the average of 9,197,145,994.70. The country ranks 57 out of 125 nations in this dataset.
Summary
Saint Lucia demonstrates a mixed performance in key macroeconomic indicators related to foreign direct investment and portfolio investment. While the country ranks relatively high in net FDI inflows (% of GDP), it lags behind in terms of net investment outflows and portfolio investments compared to global averages. These statistics are crucial as they reflect Saint Lucia's attractiveness to foreign investors, its level of international financial engagement, and its potential for economic growth and development.
Debt
Total debt service (% of GNI): Saint Lucia's value of 2.85% is below the average of 5.98%. It ranks 80th out of 120 countries.
Public and publicly guaranteed debt service (% of GNI): Saint Lucia's value of 2.69% is slightly below the average of 2.84%. It ranks 52nd out of 120 countries.
External debt stocks (% of GNI): Saint Lucia's value of 46.67% is below the average of 65.42%. It ranks 70th out of 120 countries.
Debt service on external debt, total (TDS, current US$): Saint Lucia's value of $44,765,540.6 is significantly below the average of $9,811,195,839.23. It ranks 108th out of 123 countries.
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Saint Lucia's value of $42,350,370.1 is below the average of $3,310,612,057.60. It ranks 106th out of 123 countries.
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Saint Lucia's value of $603,629,804.80 is significantly below the average of $28,695,879,144.98. It ranks 110th out of 123 countries.
External debt stocks, total (DOD, current US$): Saint Lucia's value of $733,837,563.50 is significantly below the average of $73,845,530,111.82. It ranks 113th out of 123 countries.
Summary
Saint Lucia demonstrates prudent debt management as evidenced by its low values in various debt-related indicators compared to global averages. This indicates that the country has relatively lower debt burdens and debt repayment obligations, positioning it favorably in terms of financial stability and sustainability. It suggests that Saint Lucia's economy may have lower exposure to external economic risks associated with high debt levels, potentially fostering economic resilience and long-term growth.
Broad Trade Attributes
For Merchandise trade (% of GDP), Saint Lucia's value is 34.84%, which is below the average of 60.01%. This places Saint Lucia at a rank of 153 out of 186 countries in the dataset.
Regarding Trade in services (% of GDP), Saint Lucia's value is 38.31%, exceeding the average of 24.63%. This places Saint Lucia at a commendable rank of 24 out of 171 countries in the dataset.
Summary
Saint Lucia has a merchandise trade (% of GDP) below the global average, ranking 153 out of 186 countries. However, its trade in services (% of GDP) is significantly higher than the average, placing the country at a commendable rank of 24 out of 171 countries. These indicators are crucial as they reflect Saint Lucia's economic openness, diversification, and overall competitiveness in the global market.
Net Trade
Analysis for Saint Lucia:
1. Current account balance (BoP, current US$): Saint Lucia has a current account balance of -231,919,097.08 USD, which is significantly below the average of 1,443,864,831.49 USD. This places Saint Lucia at rank 89 out of 170 countries.
2. Current account balance (% of GDP): Saint Lucia's current account balance as a percentage of GDP is -14.45%, well below the average of -2.36%. Saint Lucia is ranked 154 out of 170 countries in this aspect.
3. Net trade in goods and services (BoP, current US$): Saint Lucia's net trade in goods and services stands at -214,524,425.59 USD, which is notably lower than the average of 2,604,730,003.57 USD. The country ranks 82 out of 171 countries.
4. Net primary income (BoP, current US$): Saint Lucia's net primary income is -32,190,715.47 USD, higher than the average of -903,807,529.74 USD. The country ranks 54 out of 170 countries.
5. Net secondary income (BoP, current US$): Saint Lucia's net secondary income is 14,796,043.98 USD, above the average of -269,227,340.40 USD. The country ranks 118 out of 170 countries.
6. Net trade in goods (BoP, current US$): Saint Lucia's net trade in goods is -383,170,032.79 USD, significantly below the average of 1,302,831,005.68 USD. The country ranks 87 out of 171 countries.
7. Net capital account (BoP, current US$): Saint Lucia has a net capital account of 23,987,592.59 USD, lower than the average of 136,543,824.05 USD. This places Saint Lucia at rank 93 out of 159 countries.
8. Net financial account (BoP, current US$): Saint Lucia's net financial account is -155,004,780.65 USD, higher than the average of -469,840,994.63 USD. The country ranks 85 out of 170 countries.
Summary
Saint Lucia exhibits a negative current account balance, both in absolute terms and as a percentage of its GDP, ranking poorly compared to global averages. The country also faces challenges in net trade in goods and services, net primary income, and net trade in goods, positioning it below average on these indicators. These statistics are crucial as they reveal Saint Lucia's economic vulnerabilities, particularly in terms of trade imbalances and income deficits, which can impact its overall economic stability and growth prospects.
Broad Export Attributes
1. Exports of goods, services and primary income (BoP, current US$): Saint Lucia has an export value of 509,282,085.59 USD, which is significantly below the average export value of 146,238,908,936.30 USD. Saint Lucia ranks 155th out of 170 countries in this attribute.
2. Exports of goods and services (BoP, current US$): Saint Lucia's export value of 452,443,928.82 USD is also notably below the average export value of 122,938,540,059.78 USD. The country ranks 155th out of 170 countries in this category.
3. Goods exports (BoP, current US$): Saint Lucia's goods export value is 60,794,600.90 USD, which is well below the average of 93,310,581,697.39 USD. The country ranks 160th out of 171 countries in goods exports.
4. ICT goods exports (% of total goods exports): Saint Lucia's percentage of ICT goods exports is at 5.63%, higher than the average of 3.81%. The country ranks 24th out of 142 countries in this attribute.
Summary
Saint Lucia's export performance is notably below the global average across various categories including exports of goods, services, primary income, and ICT goods. The country's low rankings indicate a potential need for diversification and expansion of its export base to enhance economic growth and competitiveness on the global stage.
Merchandise Exports
Analysis of key export attributes for Saint Lucia:
1. Merchandise exports (current US$): Saint Lucia's merchandise exports amount to $55,000,000. This is significantly below the average of $89,542,711,229.95, ranking the country 173rd out of 187 countries.
2. Agricultural raw materials exports (% of merchandise exports): Saint Lucia's 2.67% of exports in this category is slightly below the average of 2.97%. The country ranks 44th out of 151 countries.
3. Food exports (% of merchandise exports): Saint Lucia's 41.63% of food exports out of merchandise exports is notably above the average of 24.06%. This places the country at 30th out of 152 countries.
4. Fuel exports (% of merchandise exports): Saint Lucia's 3.40% of fuel exports is well below the average of 13.70%. The country ranks 72nd out of 147 countries.
5. Ores and metals exports (% of merchandise exports): With 5.54% of exports in this category, Saint Lucia falls short of the average of 9.10%. It ranks 53rd out of 152 countries.
6. Merchandise exports by the reporting economy, residual (% of total merchandise exports): Saint Lucia's 0.41% in this category is lower than the average of 3.20%. The country holds the 83rd position out of 166 countries.
Summary
Saint Lucia's key export attributes reveal a mixed picture. While the country lags significantly in total merchandise exports compared to the global average, its focus on food exports stands out as a strength, ranking above average. However, Saint Lucia's lower-than-average exports in agricultural raw materials, fuel, ores, and metals highlight areas for potential growth and diversification to enhance its export competitiveness and resilience in global markets.
Technology Exports
Manufactures exports (% of merchandise exports): Saint Lucia's manufactures exports account for 45.89% of its total merchandise exports, slightly above the average of 42.62%. This places Saint Lucia at the 69th rank out of 152 countries.
High-technology exports (current US$): Saint Lucia's high-technology exports amount to $2,887,309, significantly below the average of $16,655,934,078.80. This places Saint Lucia at the 128th rank out of 151 countries.
High-technology exports (% of manufactured exports): In Saint Lucia, high-technology exports represent 9.33% of manufactured exports, slightly below the average of 10.15%. This places Saint Lucia at the 56th rank out of 150 countries.
Medium and high-tech exports (% manufactured exports): Saint Lucia's medium and high-tech exports account for 32.68% of manufactured exports, below the average of 34.29%. This places Saint Lucia at the 74th rank out of 149 countries.
Summary
Saint Lucia's performance in key macroeconomic indicators such as manufactures exports, high-technology exports, and medium/high-tech exports is below global averages and ranks comparatively low among countries. The low figures indicate a potential lack of diversification in exports and limited technological advancement in its export sector, which could hinder long-term economic growth and competitiveness.
Service Exports
Service exports (BoP, current US$): Saint Lucia's service exports amount to 391,649,327.93. This is significantly below the average service exports of 28,917,292,503.82, ranking Saint Lucia 134th out of 171 countries in the dataset.
ICT service exports (BoP, current US$): Saint Lucia's ICT service exports stand at 10,712,781.44, well below the average of 4,578,501,153.77. This places Saint Lucia 136th out of 166 countries in the dataset.
ICT service exports (% of service exports, BoP): Saint Lucia's ICT service exports account for 2.74% of its total service exports, much lower than the average of 11.75%. Saint Lucia ranks 137th out of 166 countries.
Communications, computer, etc. (% of service exports, BoP): Saint Lucia's percentage of service exports from communications, computer, etc. is 8.81%, well below the average of 45.85%. This places Saint Lucia 162nd out of 169 countries.
Transport services (% of service exports, BoP): Saint Lucia's transport services represent 1.91% of its service exports, significantly lower than the average of 21.80%. Saint Lucia ranks 155th out of 169 countries.
Travel services (% of service exports, BoP): Saint Lucia's travel services make up 86.91% of its service exports, well above the average of 26.40%. This high percentage ranks Saint Lucia 2nd out of 167 countries.
Insurance and financial services (% of service exports, BoP): Saint Lucia's insurance and financial services account for 2.38% of its service exports, below the average of 6.46%. This places Saint Lucia 105th out of 161 countries.
Summary
Saint Lucia exhibits below-average performance in most service export categories compared to global averages, ranking relatively low in service exports, ICT service exports, ICT service exports as a percentage of total service exports, communications and computer services exports, and transport services exports. However, the country excels in travel services, with a high percentage relative to the global average, ranking 2nd out of 167 countries. These statistics are crucial as they highlight Saint Lucia's strengths and weaknesses in different service export sectors, providing insights for policymakers to strategize and enhance their service export competitiveness.
Commercial Service Exports
Commercial service exports in Saint Lucia amount to $384,849,951.86. This is below the average of $28,508,218,402.80, ranking Saint Lucia 129th out of 171 countries.
Saint Lucia's Travel services as a percentage of commercial service exports is 88.44%, significantly higher than the average of 27.89%. This places Saint Lucia 4th out of 167 countries.
Computer, communications, and other services as a percentage of commercial service exports in Saint Lucia is 7.20%, notably below the average of 42.44%. Saint Lucia ranks 158th out of 169 countries in this aspect.
Insurance and financial services contribute 2.42% to Saint Lucia’s commercial service exports, lower than the average of 6.97%. This places Saint Lucia at 105th out of 161 countries.
Transport services constitute 1.94% of Saint Lucia's commercial service exports, significantly lower than the average of 23.37%. Saint Lucia ranks 157th out of 169 countries in this category.
Summary
Saint Lucia's commercial service exports are below the global average, ranking 129th out of 171 countries. However, the country excels in the travel services sector, ranking 4th globally with travel services accounting for 88.44% of its commercial service exports. On the other hand, its performance in computer, communications, and other services as well as transport services lags behind the global average. These findings are crucial as they highlight areas where Saint Lucia can capitalize on its strengths, like travel services, to boost its commercial service exports and improve its overall economic standing.
Broad Import Attributes
1. International tourism, expenditures (% of total imports): Saint Lucia's value of 4.20% is slightly above the average of 3.98%. It ranks 38th out of 131 countries in the dataset.
2. ICT goods imports (% total goods imports): Saint Lucia's value of 4.59% is below the average of 6.85%. It ranks 85th out of 143 countries in the dataset.
3. Goods imports (BoP, current US$): Saint Lucia's value of $443,964,633.69 is significantly below the average of $92,007,788,027.17. It ranks 157th out of 171 countries in the dataset.
4. Imports of goods and services (BoP, current US$): Saint Lucia's value of $666,968,354.41 is well below the average of $120,321,577,988.12. It ranks 157th out of 170 countries in the dataset.
5. Imports of goods, services and primary income (BoP, current US$): Saint Lucia's value of $755,997,226.65 is substantially below the average of $144,514,428,722.28. It ranks 156th out of 170 countries in the dataset.
Summary
Saint Lucia exhibits below-average values across key macroeconomic indicators such as international tourism expenditures, ICT goods imports, goods imports, and imports of goods and services. These rankings reflect the country's limited integration in the global economy and its relatively low volume of trade compared to other nations. It suggests that Saint Lucia may face challenges in terms of diversifying its economy, boosting foreign exchange earnings, and enhancing its competitiveness in the global market.
Merchandise Imports
1. Merchandise imports (current US$): Saint Lucia's merchandise imports amount to $504,000,000, significantly below the average of $89,385,605,263. The country ranks 173rd out of 190 countries in this indicator.
2. Manufactures imports (% of merchandise imports): Saint Lucia's manufactures imports account for 56.96% of its total merchandise imports, below the average of 66.76%. The country ranks 131st out of 152 countries in this category.
3. Agricultural raw materials imports (% of merchandise imports): Saint Lucia's imports of agricultural raw materials constitute 1.30% of its merchandise imports, slightly above the average of 1.27%. The country ranks 62nd out of 152 countries in this aspect.
4. Food imports (% of merchandise imports): Food imports represent 27.64% of Saint Lucia's merchandise imports, well above the average of 15.89%. The country excels in this category, ranking 13th out of 152 countries.
5. Fuel imports (% of merchandise imports): Fuel imports constitute 11.42% of Saint Lucia's merchandise imports, slightly above the average of 11.38%. The country ranks 70th out of 152 nations in this metric.
6. Ores and metals imports (% of merchandise imports): Saint Lucia's ores and metals imports account for 0.70% of its merchandise imports, significantly lower than the average of 2.57%. The country ranks 129th out of 152 countries in this category.
7. Merchandise imports by the reporting economy, residual (% of total merchandise imports): The residual imports for Saint Lucia make up 0.61% of its total merchandise imports, notably below the average of 2.51%. The country ranks 78th out of 180 nations with available data.
Summary
Saint Lucia has a relatively low total merchandise import value compared to the global average, ranking 173rd out of 190 countries. The country shows strengths in food imports, where it excels, ranking 13th globally, but lags behind in ores and metals imports, ranking 129th. These indicators are crucial as they provide insights into Saint Lucia's trade dependencies, economic diversity, and vulnerability to commodity price fluctuations.
Service Imports
Service imports in Saint Lucia amount to $223,003,720.72. This is significantly below the average service imports of $27,615,356,170.47, ranking Saint Lucia 153rd out of 171 countries in the dataset.
Communications, computer, etc. account for 51.40% of Saint Lucia's service imports, which is above the average of 44.40%. Saint Lucia ranks 70th out of 169 countries in this category.
Transport services make up 26.63% of Saint Lucia's service imports, below the average of 32.90%. This places Saint Lucia at 94th out of 169 countries.
Saint Lucia's travel services constitute 8.61% of its service imports, lower than the average of 14.14%. The country ranks 102nd out of 169 countries.
Insurance and financial services contribute 13.37% to Saint Lucia's service imports, higher than the average of 8.53%. With this, the country is ranked 31st out of 169 countries.
Summary
Saint Lucia has lower overall service imports compared to the global average, ranking 153rd out of 171 countries. However, the country has a higher percentage of imports in communications, computer, etc. and insurance and financial services, ranking 70th and 31st respectively. This data is crucial as it shows where Saint Lucia stands in terms of its service imports compared to other nations, highlighting areas of strength and possible areas for improvement in its economic development and trade relations.
Commercial Service Imports
- Saint Lucia's Commercial service imports amount to $223,003,720.72, ranking 152 out of 171 countries.
This value is significantly below the average of $27,102,746,128.60 for this attribute.
- The percentage of Computer, communications, and other services in commercial service imports for Saint
Lucia is 51.40%, ranking 63 out of 169 countries. This value is above the average of 41.71%.
- Saint Lucia's Insurance and financial services as a percentage of commercial service imports stand at
13.37%, ranking 31 out of 169 countries. This value is notably above the average of 8.85%.
- Transport services constitute 26.63% of Saint Lucia's commercial service imports, ranking 97 out of 169
countries. This value is below the average of 34.71%.
- Travel services represent 8.61% of Saint Lucia's commercial service imports, ranking 106 out of 169
countries. This value falls below the average of 14.73%.
Summary
Saint Lucia exhibits a unique pattern in its commercial service imports compared to other countries. While its total commercial service imports value is significantly below the average, the country allocates a higher percentage towards Computer, communications, and other services as well as Insurance and financial services than the average. Conversely, Saint Lucia allocates a lower percentage towards Transport services and Travel services compared to the average. These indicators are important as they provide insights into the structure of Saint Lucia's economy and prioritize certain service sectors over others in its international trade activities.
Information Technology Infrastructure
1. Secure Internet servers: Saint Lucia has 69 secure internet servers, which is significantly below the attribute average of 458,294. Saint Lucia ranks 167 out of 193 countries in this data set.
2. Secure Internet servers (per 1 million people): With 384.97 secure internet servers per 1 million people, Saint Lucia is well below the attribute average of 14,067.17. The country ranks 102 out of 193 in this category.
3. Individuals using the Internet (% of population): Saint Lucia's 77.54% of the population using the internet is above the attribute average of 64.77%. The country ranks 76 out of 180 countries included in the data.
4. Fixed broadband subscriptions: Saint Lucia has 35,601 fixed broadband subscriptions, significantly lower than the attribute average of 6,591,956.35. The country ranks 138 out of 185 countries in this dataset.
5. Mobile cellular subscriptions: With 145,931 mobile cellular subscriptions, Saint Lucia falls below the attribute average of 42,526,463.87. The country ranks 176 out of 193 countries for this indicator.
Summary
Saint Lucia lags behind the global average in terms of secure internet servers, secure internet servers per 1 million people, fixed broadband subscriptions, and mobile cellular subscriptions. However, the percentage of the population using the internet in Saint Lucia is above the global average. These indicators are important as they reflect the country's connectivity, infrastructure development, and access to information and communication technologies in comparison to the rest of the world.
Energy Consumption
Regarding Renewable energy consumption (% of total final energy consumption), Saint Lucia's value is 9.96, significantly below the average of 32.18. This places Saint Lucia at rank 143 out of 191 countries in the dataset.
On the other hand, for CO2 emissions (kt), Saint Lucia's emissions are 499.2, far below the average of 171,895.94. This positions Saint Lucia at rank 167 out of 188 countries in the dataset.
Summary
Saint Lucia's low renewable energy consumption indicates a heavy reliance on non-renewable energy sources, contributing to environmental concerns and energy security risks. The country's minimal CO2 emissions suggest a relatively small carbon footprint compared to global averages, potentially indicating a cleaner and more sustainable development path. These indicators are crucial for policymakers to address energy diversification, environmental sustainability, and climate change mitigation efforts in Saint Lucia.
Government Balance Sheet
Saint Lucia's total reserves account for 31.53% of its total external debt, significantly below the average of 66.13%. This places Saint Lucia at 59th out of 102 countries in this metric.
In terms of reserves and related items in current US dollars, Saint Lucia's value is -57,909,733.68, much lower than the average of 1,924,407,186.58. This places Saint Lucia at 110th out of 171 countries in this category.
Saint Lucia's total reserves minus gold stands at 231,361,279.00 USD, a substantial difference from the average of 74,221,588,171.61 USD. The country ranks 154th out of 161 countries in this aspect.
When considering total reserves including gold in current US dollars, Saint Lucia's value matches its reserves minus gold value, echoing the rank of 154th out of 161 countries.
Saint Lucia's total reserves in months of imports is 3.67, below the average of 7.10. This places Saint Lucia at the 106th spot out of 151 countries in this measure.
Summary
Saint Lucia's total reserves metrics consistently rank below the global averages, positioning the country in the lower percentiles across all categories. This indicates potential vulnerabilities in terms of financing external debt, maintaining currency stability, and managing trade imbalances. Addressing these reserve deficiencies becomes crucial for Saint Lucia to enhance its economic resilience and safeguard against external shocks.
Taxes
Analysis of Tariff rate, applied, weighted mean, all products (%): Saint Lucia has a tariff rate of 9.08%, which is above the attribute average of 5.21%. This places Saint Lucia at rank 32 out of 153 countries included in the data.
Summary
Saint Lucia's applied weighted mean tariff rate of 9.08% exceeds the global average of 5.21%, positioning the country at the 32nd rank out of 153 nations in the dataset. This higher tariff rate suggests that Saint Lucia has a relatively more restrictive trade policy compared to the global average, potentially impacting its competitiveness, trade relationships, and economic growth prospects.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Population ages 15-64 (% of total population) | 7/194 |
| Rural population (% of total population) | 9/190 |
| Travel services (% of service exports, BoP) | 2/167 |
| Travel services (% of commercial service exports) | 4/167 |
| Food imports (% of merchandise imports) | 13/152 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Population, total | 175/194 |
| Population ages 0-14, total | 178/194 |
| Urban population | 186/194 |
| Urban population (% of total population) | 186/194 |
| Age dependency ratio (% of working-age population) | 188/194 |
| Land area (sq. km) | 177/194 |
| Surface area (sq. km) | 177/194 |
| Arable land (hectares) | 177/190 |
| Renewable internal freshwater resources, total (billion cubic meters) | 167/178 |
| Total natural resources rents (% of GDP) | 164/175 |
| Total fisheries production (metric tons) | 173/182 |
| Scientific and technical journal articles | 188/192 |
| GDP, PPP (current international $) | 166/181 |
| GNI (current US$) | 167/185 |
| GNI, PPP (current international $) | 166/181 |
| Gross value added at basic prices (GVA) (current US$) | 164/176 |
| Agriculture, forestry, and fishing, value added (current US$) | 178/182 |
| Services, value added (current US$) | 165/183 |
| Industry (including construction), value added (current US$) | 173/183 |
| Manufacturing, value added (current US$) | 162/173 |
| Manufacturing, value added (% of GDP) | 165/173 |
| Inflation, consumer prices (annual %) | 161/165 |
| Broad money growth (annual %) | 139/139 |
| Foreign direct investment, net outflows (% of GDP) | 142/155 |
| External debt stocks, total (DOD, current US$) | 113/123 |
| Current account balance (% of GDP) | 154/170 |
| Exports of goods, services and primary income (BoP, current US$) | 155/170 |
| Exports of goods and services (BoP, current US$) | 155/170 |
| Goods exports (BoP, current US$) | 160/171 |
| Merchandise exports (current US$) | 173/187 |
| Communications, computer, etc. (% of service exports, BoP) | 162/169 |
| Transport services (% of service exports, BoP) | 155/169 |
| Computer, communications and other services (% of commercial service exports) | 158/169 |
| Transport services (% of commercial service exports) | 157/169 |
| Goods imports (BoP, current US$) | 157/171 |
| Imports of goods and services (BoP, current US$) | 157/170 |
| Imports of goods, services and primary income (BoP, current US$) | 156/170 |
| Merchandise imports (current US$) | 173/190 |
| Mobile cellular subscriptions | 176/193 |
| Total reserves minus gold (current US$) | 154/161 |
| Total reserves (includes gold, current US$) | 154/161 |