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St. Lucia Domestic credit to private sector (% of GDP)
What is St. Lucia's domestic credit to private sector (% of gdp)? As of 2023, it's 50.4%, down from 79.4% in 2014.
| Label | Domestic credit to private sector (% of GDP) |
|---|---|
| 2014 | 79.3569% |
| 2015 | 70.9052% |
| 2016 | 64.0454% |
| 2017 | 58.8737% |
| 2018 | 55.9031% |
| 2019 | 54.0961% |
| 2020 | 77.4425% |
| 2021 | 62.9137% |
| 2022 | 51.5738% |
| 2023 | 50.3883% |
Data Source: World Bank and Wantstats Repository
St. Lucia Domestic credit to private sector (% of GDP): Key Points
- The 2014-2023 run puts St. Lucia's domestic credit to private sector at 50.39 % by the end, down from 79.36 % at the start — a fall of some 37%.
- 2015-2019: falls away sharply to 54.10 % (-32%).
- 2020: surges to 77.44 % (+43%).
- 2021-2023: collapses to 50.39 % (-35%).
- Net result across the whole period: down 36.5%, closing 2023 at 50.39 %.
Reading This Chart The Right Way
With movement this mixed, it is worth being skeptical of anyone drawing a strong conclusion from just the start and end points.
This kind of indicator is almost never measured continuously — it's estimated from periodic data collection, published and later revised by St. Lucia's statistical authority. Direction is the reliable part; individual years less so.
Indicators like this one reflect short-run financing and banking-sector operations, which can swing sharply year to year for reasons that have nothing to do with the broader economy's health. Treat single-year jumps as normal, not alarming.
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