Services sector share of GDP St. Lucia 2008-2023

The share of value added by the services industry to gross domestic product in St. Lucia decreased to 74.11 percent compared to the previous year. This decrease was preceded by an increase in share.
Value added of a sector is the contribution of a sector to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus. Value added equals the difference between a sector’s gross output and the cost of its intermediate inputs.

Find more statistics on other topics about St. Lucia with key insights such as value added by the services industry to the gross domestic product, value added by the agriculture, forestry and fishing sector to the gross domestic product, and value added to gross domestic product by the manufacturing sector.

Share of value added by the services industry to gross domestic product (GDP) in Saint Lucia from 2008 to 2023

Characteristic	Share of GDP
2023	74.11%
2022	76.16%
2021	73.94%
2020	70.49%
2019	76.19%
2018	75.46%
2017	74.89%
2016	73.76%
2015	73.99%
2014	75.2%
2013	75.2%
2012	76.04%
2011	75.65%
2010	74.09%
2009	70.88%
2008	69.77%

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Release date

October 2024

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Region

St. Lucia

Survey time period

2008 to 2023

Supplementary notes

Data represents the share of value added by wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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