Services sector share of GDP St. Lucia 2007-2022

The share of value added by the services industry to gross domestic product in St. Lucia saw no significant changes in 2022 in comparison to the previous year 2021 and remained at around 61.9 percent. But still, the share reached its lowest value of the observation period in 2022.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate outputs. It refers to the contribution of a sector or industry 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.

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 2007 to 2022

Characteristic	Share of GDP
2022	61.9%
2021	62.23%
2020	68.18%
2019	76.34%
2018	75.59%
2017	75.05%
2016	73.9%
2015	73.98%
2014	75.2%
2013	75.2%
2012	76.04%
2011	75.65%
2010	74.09%
2009	70.88%
2008	69.77%
2007	71.77%

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Release date

May 2024

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Region

Saint Lucia

Survey time period

2007 to 2022

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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