Market Research In Saint Lucia

Saint Lucia Profile:

  • Saint Lucia is a sovereign island country in the eastern Caribbean Sea on the boundary with the Atlantic Ocean.
  • The country’s manufacturing sector is the most diverse in the Eastern Caribbean area.
  • Saint Lucia is vulnerable to a variety of external shocks, including volatile tourism receipts, natural disasters, and dependence on foreign oil.
  • Lucia introduced a value-added tax in 2012 of 15%, becoming the last country in the Eastern Caribbean to do so.
  • Saint Lucia is a full and participating member of the Caribbean Community (CARICOM), Organisation of Eastern Caribbean States (OECS) and La Francophonie. Saint Lucia is a Commonwealth Realm

Saint Lucia Economy:

  • The island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries.
  • Tourism is Saint Lucia’s main source of jobs and income accounting for 65% of GDP and the island’s main source of foreign exchange earnings.
  • Crops such as bananas, mangos, and avocados continue to be grown for export, but St. Lucia’s once solid banana industry has been devastated by strong competition.
  • Lucia has experienced anemic growth since the onset of the global financial crisis in 2008, largely because of a slowdown in tourism – airlines cut back on their routes to St. Lucia in 2012.
  • An educated workforce and improvements in roads, communications, water supply, sewerage, and port facilities have attracted foreign investment in tourism and in petroleum storage and transhipment

Saint Lucia Facts:

  • Population: 164,994
  • Capital: Castries
  • Largest city: Castries
  • Area: 616 sq km
  • Major language: English (official), French patois
  • Major religion: Roman Catholic 61.5%, Protestant 25.5%, other Christian 3.4%, Rastafarian 1.9%, other 0.4%
  • Life expectancy: 75.2 years (Male), 80.8 years (Female)
  • Monetary unit: 1 East Caribbean Dollar(EC$, XCD) = 100 Cents
  • Main exports: Bananas 41%, clothing, cocoa, avocados, mangoes, coconut oil
  • GNI per Capita: $12,060

Our Market Research Services in Saint Lucia:

We Employ A Wide Range of Research Techniques in Saint Lucia:

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