Saint Lucia Government
@saintluciagovernment·34.7K subscribers·10.1K videos
CariCRIS Rating Government of Saint Lucia
Posted
December 8, 2023
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708
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December 8, 2023
708
7
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0:41Now PlayingSaint Lucia's economy is in safe hands with Prime Minister Hon. Philip J. Pierre at the helm.
CariCRIS Rating: Government of Saint Lucia
Income and Economic Structure: BBB+ (Adequate)
Saint Lucia’s nominal GDP remains the largest in the Organization of Eastern Caribbean States (OECS) sub-region at US $2.3 billion in 2022. The economic base continues to be among the most diversified in the OECS.
The three largest components of real GDP for 2022 were:
• Accommodation and food services (18.2%)
• Real estate activities (10.7%)
• Wholesale and retail trade (10.6%)
While this diversity exists as per industry classifications, tourism-related activities remain the lead driver of economic activity. Additionally, tourism continues to employ a significant share of the labour force. Real GDP improved by 18.1% in 2022 compared to the prior year’s improvement of 12.2%.
Source: Caribbean Information and Credit Rating Services Limited (CariCRIS)
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