Anti Money Laundering Information

 

Free Offshore Newsletter Suscription - Click Here

  About Us
 
  Our Services
 
  Becoming a Client
 
  Offshore Banking
 
  Offshore Trust
 
  Offshore Encyclopedia
 
  Jurisdictions
 
  In the News
 
  Contact Us
 
 
1-888-787-8402
 

.

 
 

Jurisdictions - St. Lucia

Information Specialists

Red Sea Management provides Saint Lucia offshore incorporation, Saint Lucia offshore asset protection and a full range of services.

Report on Saint Lucia

Introduction | Geography | People | Government | Economy| Communications | Transportation | Military | Transnational Issues

Saint Lucia Offshore

 

 

Saint Lucia Offshore

Background:

The island, with its fine natural harbor at Castries, was contested between England and France throughout the 17th and early 18th centuries (changing possession 14 times); it was finally ceded to the UK in 1814. Self-government was granted in 1967 and independence in 1979.

Location:

Caribbean, island between the Caribbean Sea and North Atlantic Ocean, north of Trinidad and Tobago

Geographic coordinates:

13 53 N, 60 68 W

Map references:

Central America and the Caribbean

Area:

total:  620 sq km

land:  610 sq km

water:  10 sq km

Area - comparative:

3.5 times the size of Washington, DC

Land boundaries:

0 km

Coastline:

158 km

Maritime claims: 

contiguous zone:  24 NM

continental shelf:  200 NM or to the edge of the continental margin

exclusive economic zone:  200 NM

territorial sea:  12 NM

Climate:

tropical, moderated by northeast trade winds; dry season from January to April, rainy season from May to August

Terrain:

volcanic and mountainous with some broad, fertile valleys

Elevation extremes:

lowest point:  Caribbean Sea 0 m

highest point:  Mount Gimie 950 m

Natural resources:

forests, sandy beaches, minerals (pumice), mineral springs, geothermal potential

Land use:

arable land:  8%

permanent crops:  21%

permanent pastures:  5%

forests and woodland:  13%

other:  53% (1993 est.)

Irrigated land:

10 sq km (1993 est.)

Natural hazards:

hurricanes and volcanic activity

Environment - current issues:

deforestation; soil erosion, particularly in the northern region

Environment - international agreements:

party to:  Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Whaling

signed, but not ratified:  Climate Change-Kyoto Protocol

Geography - note:

the twin Pitons (Gros Piton and Petit Piton), striking cone-shaped peaks south of Soufriere, are one of the scenic natural highlights of the Caribbean

Population:

158,178 (July 2001 est.)

Age structure:

0-14 years:  32.13% (male 25,951; female 24,874)

15-64 years:  62.59% (male 48,568; female 50,430)

65 years and over:  5.28% (male 3,120; female 5,235) (2001 est.)

Population growth rate:

1.23% (2001 est.)

Birth rate:

21.8 births/1,000 population (2001 est.)

Death rate:

5.36 deaths/1,000 population (2001 est.)

Net migration rate:

-4.15 migrant(s)/1,000 population (2001 est.)

Sex ratio:

at birth:  1.07 male(s)/female

under 15 years:  1.04 male(s)/female

15-64 years:  0.96 male(s)/female

65 years and over:  0.6 male(s)/female

total population:  0.96 male(s)/female (2001 est.)

Infant mortality rate:

15.22 deaths/1,000 live births (2001 est.)

Life expectancy at birth:

total population:  72.57 years

male:  69 years

female:  76.39 years (2001 est.)

Total fertility rate:

2.38 children born/woman (2001 est.)

HIV/AIDS - adult prevalence rate:

NA%

HIV/AIDS - people living with HIV/AIDS:

NA

HIV/AIDS - deaths:

NA

Nationality:

noun:  Saint Lucian(s)

adjective:  Saint Lucian

Ethnic groups:

black 90%, mixed 6%, East Indian 3%, white 1%

Religions:

Roman Catholic 90%, Protestant 7%, Anglican 3%

Languages:

English (official), French patois

Literacy:

definition:  age 15 and over has ever attended school

total population:  67%

male:  65%

female:  69% (1980 est.)

Country name:

conventional long form:  none

conventional short form:  Saint Lucia

Government type:

Westminster-style parliamentary democracy

Capital:

Castries

Administrative divisions:

11 quarters; Anse-la-Raye, Castries, Choiseul, Dauphin, Dennery, Gros Islet, Laborie, Micoud, Praslin, Soufriere, Vieux Fort

Independence:

22 February 1979 (from UK)

National holiday:

Independence Day, 22 February (1979)

Constitution:

22 February 1979

Legal system:

based on English common law

Suffrage:

18 years of age; universal

Executive branch:

chief of state:  Queen ELIZABETH II (since 6 February 1952), represented by Governor General Dr. Perlette LOUISY (since September 1997)

head of government:  Prime Minister Kenneth ANTHONY (since 24 May 1997) and Deputy Prime Minister Mario MICHEL (since 24 May 1997)

cabinet:  Cabinet appointed by the governor general on the advice of the prime minister

elections:  none; the monarch is hereditary; the governor general is appointed by the monarch; following legislative elections, the leader of the majority party or leader of a majority coalition is usually appointed prime minister by the governor general

Legislative branch:

bicameral Parliament consists of the Senate (11 seats; six members appointed on the advice of the prime minister, three on the advice of the leader of the opposition, and two after consultation with religious, economic, and social groups) and the House of Assembly (17 seats; members are elected by popular vote from single-member constituencies to serve five-year terms)

elections:  House of Assembly - last held 23 May 1997 (next to be held NA 2002)

election results:  House of Assembly - percent of vote by party - NA%; seats by party - SLP 16, UWP 1

Judicial branch:

Eastern Caribbean Supreme Court (jurisdiction extends to Anguilla, Antigua and Barbuda, the British Virgin Islands, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines)

Political parties and leaders:

National Freedom Party or NFP [Martinus FRANCOIS]; Saint Lucia Labor Party or SLP [Kenneth ANTHONY]; United Workers Party or UWP [Dr. Morella JOSEPH]

Political pressure groups and leaders:

NA

International organization participation:

ACCT (associate), ACP, C, Caricom, CDB, ECLAC, FAO, G-77, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat (nonsignatory user), Interpol, IOC, ISO (subscriber), ITU, NAM, OAS, OECS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WTrO

Diplomatic representation in the US:

chief of mission:  Ambassador Sonia Merlyn JOHNNY

chancery:  3216 New Mexico Avenue NW, Washington, DC 20016

telephone:  [1] (202) 364-6792 through 6795

FAX:  [1] (202) 364-6728

consulate(s) general:  Miami and New York

Diplomatic representation from the US:

the US does not have an embassy in Saint Lucia; the US Ambassador in Barbados is accredited to Saint Lucia

Flag description:

blue, with a gold isosceles triangle below a black arrowhead; the upper edges of the arrowhead have a white border

Economy - overview:

The recent changes in the EU import preference regime and the increased competition from Latin American bananas have made economic diversification increasingly important in Saint Lucia. Improvement in the construction sector and growth of the tourism industry helped expand GDP in 1998-99. The agriculture sector registered its fifth year of decline in 1997 primarily because of a severe decline in banana production. The manufacturing sector is the most diverse in the Eastern Caribbean, and the government is beginning to develop regulations for the small offshore financial sector.

GDP:

purchasing power parity - $700 million (2000 est.)

GDP - real growth rate:

0.5% (2000 est.)

GDP - per capita:

purchasing power parity - $4,500 (2000 est.)

GDP - composition by sector:

agriculture:  10.7%

industry:  32.3%

services:  57% (1996 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%:  NA%

highest 10%:  NA%

Inflation rate (consumer prices):

2.5% (2000 est.)

Labor force:

43,800

Labor force - by occupation:

agriculture 43.4%, services 38.9%, industry and commerce 17.7% (1983 est.)

Unemployment rate:

15% (1996 est.)

Budget:

revenues:  $141.2 million

expenditures:  $146.7 million, including capital expenditures of $25.1 million (FY97/98 est.)

Industries:

clothing, assembly of electronic components, beverages, corrugated cardboard boxes, tourism, lime processing, coconut processing

Industrial production growth rate:

-8.9% (1997 est.)

Electricity - production:

110 million kWh (1999

Electricity - production by source:

fossil fuel:  100%

hydro:  0%

nuclear:  0%

other:  0% (1999)

Electricity - consumption:

102.3 million kWh (1999)

Electricity - exports:

0 kWh (1999)

Electricity - imports:

0 kWh (1999)

Agriculture - products:

bananas, coconuts, vegetables, citrus, root crops, cocoa

Exports:

$68.3 million (2000 est.)

Exports - commodities:

bananas 41%, clothing, cocoa, vegetables, fruits, coconut oil

Exports - partners:

UK 50%, US 24%, Caricom countries 16% (1995)

Imports:

$319.4 million (2000 est.)

Imports - commodities:

food 23%, manufactured goods 21%, machinery and transportation equipment 19%, chemicals, fuels

Imports - partners:

US 36%, Caricom countries 22%, UK 11%, Japan 5%, Canada 4% (1995)

Debt - external:

$131.6 million (1998)

Economic aid - recipient:

$51.8 million (1995)

Currency:

East Caribbean dollar (XCD)

Currency code:

XCD

Exchange rates:

East Caribbean dollars per US dollar - 2.7000 (fixed rate since 1976)

Fiscal year:

1 April - 31 March

Telephones - main lines in use:

37,000 (1997)

Telephones - mobile cellular:

1,600 (1997)

Telephone system:

general assessment:  adequate system

domestic:  system is automatically switched

international:  direct microwave radio relay link with Martinique and Saint Vincent and the Grenadines; tropospheric scatter to Barbados; international calls beyond these countries are carried by Intelsat from Martinique

Radio broadcast stations:

AM 2, FM 7 (plus 3 repeaters), shortwave 0 (1998)

Radios:

111,000 (1997)

Television broadcast stations:

3 (of which two are commercial stations and one is a community antenna television or CATV channel) (1997)

Televisions:

32,000 (1997)

Internet country code:

.lc

Internet Service Providers (ISPs):

15 (2000)

Internet users:

5,000 (2000)

Railways:

0 km

Highways:

total:  1,210 km

paved:  63 km

unpaved:  1,147 km (1996)

Waterways:

none

Ports and harbors:

Castries, Vieux Fort

Merchant marine:

none (2000 est.)

Airports:

2 (2000 est.)

Airports - with paved runways:

total:  2

2,438 to 3,047 m:  1

1,524 to 2,437 m:  1 (2000 est.)

Military branches:

Royal Saint Lucia Police Force (includes Special Service Unit), Coast Guard

Military expenditures - dollar figure:

$5 million (FY91/92)

Military expenditures - percent of GDP:

2% (FY91/92)

Disputes - international:

none

Illicit drugs:

transit point for South American drugs destined for the US and Europe

Red Sea Management Limited. Copyright © 2001 - 2008