Gross Domestic Product for St. Lucia
SLANGDPRPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-48.04%
Date Range
1/1/1980 - 1/1/2030
Summary
The Gross Domestic Product (GDP) for St. Lucia measures the total value of goods and services produced in the country. It is a key economic indicator used to assess the overall health 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
GDP represents the market value of all final goods and services produced within St. Lucia's borders over a specific time period. It is a widely referenced metric for evaluating the size and performance of a national economy.
Methodology
The data is collected and calculated by the St. Lucia Central Statistical Office based on surveys and economic accounts.
Historical Context
GDP is closely monitored by policymakers, analysts, and international organizations to inform economic and fiscal decision-making.
Key Facts
- St. Lucia's GDP was $2.2 billion in 2021.
- Tourism is a major contributor to St. Lucia's GDP.
- GDP per capita in St. Lucia was $12,200 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for St. Lucia measures the total market value of all final goods and services produced within the country's borders over a given time period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a widely used indicator of a country's economic performance and overall prosperity. It helps policymakers, businesses, and researchers assess the size, growth, and structure of the St. Lucian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the St. Lucia Central Statistical Office based on surveys and economic accounts.
Q: How is this trend used in economic policy?
A: GDP is closely monitored by policymakers, analysts, and international organizations to inform economic and fiscal decision-making in St. Lucia.
Q: Are there update delays or limitations?
A: The GDP data for St. Lucia is typically published on a quarterly basis, with some potential delays in data reporting.
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Citation
U.S. Federal Reserve, Gross Domestic Product for St. Lucia (SLANGDPRPCH), retrieved from FRED.