The World Bank has named Saint Lucia among the top ten wealthy Caribbean nations based on Gross National Income (GNI). St. Lucia was ranked seventh with a GNI of $6,530.
In its 2014 World Development Report, the World Bank used the GNI to measure the wealth of Caribbean nations.
The GNI per capita is the gross national income of a country divided by its total population. It is also the sum of value added by all resident producers, plus any product taxes not included in the valuation of output.
According to the report, St Lucia’s educated workforce and improvements in roads, communications, water supply, sewerage and port facilities have attracted foreign investment in tourism and in petroleum storage and transshipment.
The report states that St. Lucia has been able to attract overseas business and investment, especially in the offshore banking and tourism industries.
It adds that Saint Lucia’s manufacturing sector is the most diverse in the Eastern Caribbean, and the government is trying to revitalize the banana industry.
