Businesses report improved performance in 2025

Published on June 1, 2026

The St. Lucia Chamber of Commerce, Industry and Agriculture’s Business Performance Survey (BPS Take 16) for the first quarter of 2026 indicates that while economic conditions remain cautious, sections of the private sector continue to demonstrate resilience amid softer overall conditions.

The survey, which primarily captured responses from micro and small enterprises, found that 57% of businesses reported improved performance in 2025 compared with 2024, while 48% recorded increased sales during Q1 2026.

Cash flow conditions also remained relatively stable, with 59% of respondents indicating some improvement.

Businesses, however, continue to exercise caution regarding hiring and expansion. Eighty percent of firms reported maintaining current staffing levels, while respondents highlighted increasing difficulty recruiting professional and skilled manual workers.

Investment sentiment remained moderately positive, with 48% of businesses planning increased investment activity and another 48% expecting investment levels to remain unchanged.

The survey also identified inflation, rising operating costs and labour shortages among the major concerns affecting businesses.

Respondents further cited dealings with the Saint Lucia Air and Sea Ports Authority (SLASPA), crime and infrastructure quality as key operational challenges impacting efficiency and competitiveness.

Overall, the findings reflect a private sector continuing to adapt to a challenging and evolving economic environment.