St. Lucia Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
St. Lucia's budget deficit was -2.81% in 2025, ranked 95th globally. This represents a 33.0% decrease from 2024. Data from IMF WEO, covering 1985–2025.
Overview
St. Lucia's budget deficit stood at -2.81% in 2025, a decline of +0.70% from 2024. The IMF projects -2.81% by 2025. St. Lucia ranked 95th globally.
St. Lucia's budget deficit has exhibited significant fluctuations over the past four decades. The island nation's deficit peaked in 1998 at 2.22%, a period marked by high government spending and lower economic growth. Conversely, the COVID-19 pandemic triggered a sharp decline in the deficit, with a trough of -11.37% in 2020. The deficit has since rebounded, standing at -2.81% in 2025, placing St. Lucia at the 95th position globally. Comparatively, Indonesia's budget deficit in 2025 is -2.79%, a similar ranking. St. Lucia's experience suggests that its budget balance is sensitive to external economic shocks and domestic policy decisions. A sustained increase in economic growth, coupled with prudent fiscal management, could help reduce the deficit and stabilize the country's budget balance.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -2.16% | - | - |
| 2029* IMF | -2.38% | - | - |
| 2028* IMF | -2.59% | - | - |
| 2027* IMF | -2.76% | - | - |
| 2026* IMF | -2.65% | - | - |
| 2025* IMF | -2.81% | - | - |
| 2025 | -2.81% | −0.70% | #95 |
| 2024 | -2.11% | +0.92% | #110 |
| 2023 | -3.03% | −1.37% | #93 |
| 2022 | -1.66% | +3.14% | #118 |
| 2021 | -4.80% | +6.57% | #81 |
| 2020 | -11.37% | −7.86% | #23 |
| 2019 | -3.51% | −2.48% | #57 |
| 2018 | -1.03% | +0.10% | #112 |
| 2017 | -1.13% | −0.35% | #125 |
| 2016 | -0.78% | +1.56% | #133 |
| 2015 | -2.33% | +0.72% | #112 |
| 2014 | -3.06% | +1.72% | #83 |
| 2013 | -4.78% | +2.77% | #44 |
| 2012 | -7.55% | −2.20% | #16 |
| 2011 | -5.35% | −1.25% | #36 |
Analysis
St. Lucia's budget deficit was -2.81% in 2025, a decline of −0.70% from 2024. IMF projects -2.81% by 2025.
Frequently Asked Questions
St. Lucia's budget deficit was -2.81% in 2025. Ranked 95th globally. This represents a 33.0% decrease from the previous year.
St. Lucia's budget deficit peaked at 2.22% in 1998.
The lowest budget deficit in St. Lucia was -11.37% in 2020.
St. Lucia ranks 95th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
St. Lucia's budget deficit is projected to reach -2.81% by 2025 based on IMF projection.
The budget deficit of St. Lucia in 2025 was -2.81%. This ranks 95th in the world.
Cite this page
@misc{historysaid_st-lucia_budget-deficit,
title = {St. Lucia Budget Deficit},
url = {https://historysaid.com/st-lucia/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}