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Caribbean Islands Table of Contents

Caribbean Islands

Macroeconomic Overview

National economic production has experienced both structural change and growth since the 1960s. Traditionally dependent on agriculture, St. Lucia was dramatically transformed in the 1960s from a sugar-based economy to one dedicated to banana production. This trend improved the economic situation of the small farmer because banana crops, unlike sugar, could be produced on small plots.

The economy experienced very little growth in 1980-81 because of hurricane damage.

Data as of November 1987