Prime Minister Hon. Philip J. Pierre delivered consecutive years of double-digit GDP growth in 2022 and 2023. The national unemployment rate fell to 16.5% by the end of 2022, the lowest rate since 2013. But, there’s still work to be done.
Prime Minister Pierre’s strategic business development policies have unleashed the entrepreneurial spirit of our nation.
The Prime Minister’s management of the economy secured a BBB+ (Adequate) for Income and Economic Structure from the Caribbean Information and Credit Rating Services Limited (CariCRIS).
Under Prime Minister Pierre’s leadership, the Chamber of Commerce is reporting improved profitability for 2023. Foreign direct investment is set to exceed $2.5 billion.
The Pierre Administration continues to shape the fiscal policies that will create the enabling environment to facilitate investment, accelerate job creation and keep Saint Lucia on course for sustained economic growth.