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3.6 St. Lucia Item Value Land Area Population 616 km2 160,922 76.1 MW 76.0 MW 0.1 MW U.S. $0.28 per kilowatt-hour St. Lucia is a mountainous, volcanic island located in the Lesser Antilles between Martinique, St. Vincent, and Barbados. St. Lucia covers a land area of 238 square miles and has an estimated population of 173,765. The GDP per capita is U.S. $5,671. Of the GDP, the industry sector represents 20%, agriculture sector 7%, and tourism/services 73%. In 2006, the government closed the sugar industry after decades of annual losses of from 3% to 4% of total GDP. To balance the employment losses, the government embarked on a program to diversify the agricultural sector and to stimulate other sectors of the economy, such as tourism, export-oriented manufacturing, and offshore banking. For a more detailed financial and economical analysis of the country, please refer to the IMF document, International Monetary Fund, “Eastern Caribbean Currency Union: 2010 Discussion on Common Policies of Members Countries—Staff Report; Informational Appendix,” and the “Public Information Notice on the Executive Board Discussion, January 2011,” available at http://www.imf.org/external/pubs/ft/scr/2011/cr1130.pdf (accessed February 9, 2012). Supply Diesel Solar Price Sources: CIA 2010; LUCELEC 2009; Nexant 2010, p. 8.40). Notes: Price based on tariff sales. Supply includes distributed generation. 74PDF Image | Energy Policy and Analysis Caribbean
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