Source: world bank Nominal/PPP
Summary:
St. Lucia GDP Per Capita expanded from 1980 to 2024, increasing from $1,428.20 to $14,181.63 .The compound annual growth rate (CAGR) averaged 5.36% 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 28.68%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
St. Lucia Economic Phases (1980 - 2024)
From 1980 to 2024, St. Lucia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1983–1990) indicating robust economic expansion
- Expansion (1993–1994) indicating steady moderate growth
- Expansion (1996–1997) indicating steady moderate growth
- Contraction (2000–2002) indicating temporary slowdown
- High Growth (2003–2006) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2012–2016) indicating steady moderate growth
- Expansion (2018–2019) indicating steady moderate growth
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2023–2024) indicating steady moderate growth
The most remarkable growth occurred in 1984 with an increase of 25.6%, while the largest decline was in 2020 at -28.684%.