An Agenda for Economic Growth and Fiscal Sustainablility, delivered by Dr. Kenny Davis Anthony Prime Minister and Minister For Finance.
Preliminary estimates suggest that Saint Lucia’s economy, as measured as a percentage of GDP at constant prices, contracted by 0.8 per cent in 2012, following a revised growth rate of 1.5 per cent in 2011. The decline in economic activity was due to reduced activity in the construction, distributive trade, transport and communications sectors. Ongoing uncertainty in the global economy continued to constrain external demand and pose challenges to the tourism sector. Stay-over visitors fell by 1.8 percent to 306,801 in 2012.