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This 2018 Article IV Consultation highlights that the GDP growth in St. Lucia reached 3 percent in 2017, sustained by robust activity in several sectors. Favorable external conditions, coupled with hotel expansions and the addition of new flights, generated a strong recovery in tourism, with stay-over arrivals rising by 11 percent, the fastest growth in the Caribbean. Backed by strong tourism inflows, the current account balance strengthened. Unemployment declined from 21.3 percent in 2016 to 20.2 percent in 2017, but youth unemployment remains high at 38.5 percent and labor force participation has fallen. The short-term outlook is favorable, but prospects beyond that are sobering. GDP growth is expected to remain buoyant in the near term.

Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Saint Lucia --- Hagia Loukia --- ISenti-Lushiya --- Lùsíà Mímọ́ --- Masina Lucie --- Mutagatifu Lusiya --- Naomh Lùisia --- Noo Lucia --- Saint Lusia --- Sainte-Lucie --- San Lucia --- Sancta Lucia --- Sankta Lucio --- Sankte Lusia --- Sankti Lúsía --- Sanlusiyän --- Sant Lucia --- Sanṭ Lusiyah --- Sanṭ Lusyah --- Sant Lwsia --- Santa Lucia --- Santa-Lucie --- Santa Luċija --- Santa Lúsia --- Santa Lusiya --- Santa Lussìa --- Santa Luzia --- Santez-Lusia --- Saunt Lucia --- Seenti Luushiyaa --- Seĭnt Lusii︠a︡ --- Sen Lusia --- Sèng Lucia --- Senlu̇u̇sin Orn --- Sent Lisi --- Sent Liusėjė --- Sent-Li︠u︡si --- Sent-Li︠u︡sie --- Sent-Li︠u︡sii︠a︡ --- Sent-Lucio --- Sent Lüsii --- Sent Lusii︠a︡ --- Sent Lusija --- Sent-Lüsiya --- Senti-Lushiya --- Sentlūsija --- Sentorushia --- Sfânta Lucia --- Shën Luçia --- Sheng Luxiya --- Sint-Lusia --- St. Lucia --- St. Lusia --- Svätá Lucia --- Svatá Lucie --- Sveta Lucija --- Αγία Λουκία --- Света Луција --- Сент Лусия --- Сент-Люси --- Сент-Люсия --- Сент-Люсие --- Сент-Люсія --- Сейнт Лусия --- סנט לוסיה --- セントルシア --- 圣卢西亚 --- West Indies (Federation) --- Windward Islands (Jurisdiction) --- Economic conditions. --- Banks and Banking --- Macroeconomics --- Public Finance --- Statistics --- Natural Disasters --- Budgeting --- Debt --- Debt Management --- Sovereign Debt --- Climate --- Natural Disasters and Their Management --- Global Warming --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- National Government Expenditures and Related Policies: General --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Fiscal Policy --- Public finance & taxation --- Natural disasters --- Banking --- Econometrics & economic statistics --- Budgeting & financial management --- Public debt --- Public financial management (PFM) --- External sector statistics --- Environment --- Economic and financial statistics --- Fiscal stance --- Fiscal policy --- Debts, Public --- Finance, Public --- Banks and banking --- Economic statistics