Gross Domestic Product in U.S. Dollars for St. Lucia
SLANGDPD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,474,782,185.00
Year-over-Year Change
71.86%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'Gross Domestic Product in U.S. Dollars for St. Lucia' metric measures the total economic output of St. Lucia, a Caribbean island nation, expressed in U.S. dollars. This data is crucial for understanding the size and growth of St. Lucia's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Gross domestic product (GDP) is a comprehensive measure of a country's economic activity, including the value of all goods and services produced within its borders. The GDP of St. Lucia in U.S. dollars provides a standardized way to compare the island's economic performance over time and in relation to other countries.
Methodology
The data is collected and calculated by the St. Lucia Central Statistical Office based on national accounts data.
Historical Context
Economists and policymakers use St. Lucia's GDP data to inform decisions about economic policy, trade, and investment.
Key Facts
- St. Lucia's GDP in 2021 was $2.14 billion.
- Tourism is a major driver of St. Lucia's economy.
- St. Lucia's GDP per capita was $11,700 in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Gross Domestic Product in U.S. Dollars for St. Lucia' metric measures the total value of all goods and services produced within St. Lucia's borders, expressed in U.S. dollars.
Q: Why is this trend relevant for users or analysts?
A: This GDP data is crucial for understanding the size and growth of St. Lucia's economy, which is relevant for investors, policymakers, and economists analyzing the Caribbean region.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the St. Lucia Central Statistical Office based on national accounts data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use St. Lucia's GDP data to inform decisions about economic policy, trade, and investment in the Caribbean region.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the accuracy of the GDP figures can be affected by the challenges of measuring economic activity in a small island nation.
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Citation
U.S. Federal Reserve, Gross Domestic Product in U.S. Dollars for St. Lucia (SLANGDPD), retrieved from FRED.