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Caribbean Islands Macroeconomic Overview
National economic production has experienced both structural
change and growth since the 1960s. Traditionally dependent on
agriculture, St. Lucia was dramatically transformed in the 1960s
from a sugar-based economy to one dedicated to banana production.
This trend improved the economic situation of the small farmer
because banana crops, unlike sugar, could be produced on small
plots.
The economy experienced very little growth in 1980-81 because
of hurricane damage.
Data as of November 1987
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