Part 711

International organization participation: ACCT (associate), ACP, C, Caricom, CDB, ECLAC, FAO, G-77, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat (nonsignatory user), Interpol, IOC, ISO (subscriber), NAM, OAS, OECS, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WTrO

Diplomatic representation in the US: chief of mission: Ambassador Dr. Joseph Edsel EDMUNDS chancery: 3216 New Mexico Avenue NW, Washington, DC 20016 telephone: (202) 364-6792 through 6795 FAX: (202) 364-6728 consulate(s) general: New York

Diplomatic representation from the US: the US does not have an embassy in Saint Lucia; the Ambassador to Saint Lucia resides in Bridgetown (Barbados)

Flag description: blue with a gold isosceles triangle below a black arrowhead; the upper edges of the arrowhead have a white border

Economy

Economy - overview: Though foreign investment in manufacturing and information processing in recent years has increased Saint Lucia's industrial base, the economy remains vulnerable due to its heavy dependence on banana production, which is subject to periodic droughts and tropical storms. Indeed, the destructive effect of Tropical Storm Iris in mid-1995 caused the loss of 20% of the year's banana crop. Increased competition from Latin American bananas will probably further reduce market prices, exacerbating Saint Lucia's need to diversify its economy in coming years, e.g., by further expanding tourism, manufacturing, and construction.

GDP: purchasing power parity - $695 million (1996 est.)

GDP - real growth rate: 4.3% (1996 est.)

GDP - per capita: purchasing power parity - $4,400 (1996 est.)

GDP - composition by sector: agriculture : 13.8% industry: 17.4% services: 68.8% (1992 est.)

Inflation rate - consumer price index: 3% (1996 est.)

Labor force: total: 43,800 by occupation: agriculture 43.4%, services 38.9%, industry and commerce 17.7% (1983 est.)

Unemployment rate: 25% (1995 est.)

Budget: revenues: $361.5 million expenditures: $311 million, including capital expenditures of $104 million (1995 est.)

Industries: clothing, assembly of electronic components, beverages, corrugated cardboard boxes, tourism, lime processing, coconut processing

Industrial production growth rate: NA %

Electricity - capacity: 34,000 kW (1995)

Electricity - production: NA kWh

Electricity - consumption per capita: 801 kWh (1995 est.)

Agriculture - products: bananas, coconuts, vegetables, citrus, root crops, cocoa

Exports: total value: $104.1 million (f.o.b., 1995) commodities: bananas 60%, clothing, cocoa, vegetables, fruits, coconut oil partners: UK 56%, US 22%, Caricom countries 19% (1991)

Imports: total value: $270.5 million (f.o.b., 1995) commodities: manufactured goods 21%, machinery and transportation equipment 21%, food and live animals, chemicals, fuels partners: US 34%, Caricom countries 17%, UK 14%, Japan 7%, Canada 4% (1991)

Debt - external: $115 million (1996)

Economic aid: recipient: ODA, $NA

Currency: 1 EC dollar (EC$) = 100 cents

Exchange rates: East Caribbean dollars (EC$) per US$1 - 2.7000 (February 1997; fixed rate since 1976)

Fiscal year: 1 April - 31 March

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