St. Lucia: Statistical Annex

International Monetary Fund

No 1999/038, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic development in St. Lucia during 1993–98. Economic performance weakened in St. Lucia during 1995–97. Real GDP growth declined to an average of about 2½ percent a year during this period, after averaging more than 6 percent over the previous 10-year period. A key element in this decline was the contraction in banana production by one-third, to 71,000 tons in 1997. Brisk growth in tourism offset this decline to some extent, with annual average real earnings increasing by more than 6 percent.

Keywords: ISCR; CR; unit price; accounts payable; consumer goods; E.C. dollar; lender position; St. Lucia banana growers' corporation; factor income; tourism earnings; Public sector; Exports; Agricultural commodities; Commercial banks; Caribbean (search for similar items in EconPapers)
Pages: 48
Date: 1999-05-12
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