UNIDO, UPU, WCL, WHO,
WMO
_#_Diplomatic representation: Ambassador Dr. Joseph Edsel EDMUNDS;
Chancery at Suite 309, 2100 M Street NW, Washington DC 30037;
telephone (202) 463-7378 or 7379; there is a Saint Lucian Consulate
General in New York;
US--none
_#_Flag: blue with a gold isosceles triangle below a black arrowhead;
the upper edges of the arrowhead have a white border
_*_Economy
_#_Overview: Since 1983 the economy has shown an impressive average
annual growth rate of almost 5% because of strong agricultural and
tourist sectors. Saint Lucia also possesses an expanding
industrial base supported by foreign investment in manufacturing and
other activities, such as in data processing. The economy, however,
remains vulnerable because the important agricultural sector is dominated
by banana production. Saint Lucia is subject to periodic droughts and/or
tropical storms, and its protected market agreement with the UK for
bananas may end in 1992.
_#_GDP: $273 million, per capita $1,830; real growth rate 4.0% (1989)
_#_Inflation rate (consumer prices): 4.4% (1989)
_#_Unemployment rate: 16.0% (1988)
_#_Budget: revenues $131 million; expenditures $149 million,
including capital expenditures of $71 million (FY90 est.)
_#_Exports: $111.9 million (f.o.b., 1989);
commodities--bananas 54%, clothing 17%, cocoa, vegetables, fruits,
coconut oil;
partners--UK 51%, CARICOM 20%, US 19%, other 10%
_#_Imports: $265.9 million (c.i.f., 1989);
commodities--manufactured goods 23%, machinery and transportation
equipment 27%, food and live animals 18%, chemicals 10%, fuels 6%;
partners--US 35%, CARICOM 16%, UK 15%, Japan 7%, Canada 4%,
other 23%
_#_External debt: $54.5 million (1989)
_#_Industrial production: growth rate 3.5% (1990 est.); accounts for
7% of GDP
_#_Electricity: 32,500 kW capacity; 112 million kWh produced,
730 kWh per capita (1990)
_#_Industries: clothing, assembly of electronic components, beverages,
corrugated boxes, tourism, lime processing, coconut processing
_#_Agriculture: accounts for 16% of GDP and 43% of labor force;
crops--bananas, coconuts, vegetables, citrus fruit, root crops, cocoa;
imports food for the tourist industry
_#_Economic aid: Western (non-US) countries, ODA and OOF bilateral
commitments (1970-88), $118 million
_#_Currency: East Caribbean dollar (plural--dollars);
1 EC dollar (EC$) = 100 cents
_#_Exchange rates: East Cari
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