St. Lucia : Statistical Annex

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.