IMF Staff Country Reports

St. Lucia: Recent Economic Developments

Publication Date:

January 23, 1997

Summary:

This paper reviews economic developments in St. Lucia during 1990–95. During 1991–92, economic growth slowed to an average of 5 percent (from 9 percent achieved in the late 1980s) as banana production stagnated, and in spite of strong growth of construction and tourism. In 1993–94, real GDP growth fell further to an annual average of 2 percent reflecting a severe drop in banana production associated with the 1993 drought and the 1994 tropical storm. In 1995 and the first part of 1996, growth rebounded to an annual average of about 4 percent.

Series:

Country Report No. 1996/139

Subject:

Agricultural commodities Commercial banks Commodities Economic sectors Exports Financial institutions International trade Public enterprises Public sector