Services sector's value added to GDP in St. Lucia

The value added by the services industry to the gross domestic product in St. Lucia increased by 0.03 billion U.S. dollars (+2.19 percent) in 2023 in comparison to the previous year. In total, the value added amounted to 1.4 billion U.S. dollars in 2023.
Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production.

Find more statistics on other topics about St. Lucia with key insights such as value added by the agriculture, forestry, and fishing sector 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.

Value added by the services industry to the gross domestic product (GDP) in Saint Lucia from 2014 to 2023 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2023	1.4
2022	1.37
2021	1.14
2020	1.05
2019	1.47
2018	1.47
2017	1.41
2016	1.36
2015	1.34
2014	1.35

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Release date

October 2024

More information

Region

Saint Lucia

Survey time period

2014 to 2023

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. 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.

Figures have been rounded.

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