ECCB Projects Back-to-Back Years of Economic Growth for Saint Lucia.
The data confirms Saint Lucia’s economy continues to expand and is performing better than before the COVID pandemic in 2020.Beyond the data, the social and economic policies taken by the government are improving lives and creating opportunities for Saint Lucians.
First-quarter unemployment is at a record low of 11.4%
Real GDP growth is projected to average 7% in 2024
Government and NIC pensions have increased
The firs-ever minimum liveable wage is in effect
The Youth Economy Agency has disbursed over $1.5 million in grants
The MSME Loan-Grant Facility has awarded over $1.7 million in funding to startups and small businesses
More than $1.8 billion in mega investment projects are under construction in Saint Lucia
Government tax amnesties are keeping money in the pockets of individuals and businesses
Record-breaking tourism arrivals year to date in 2024
