Economy - overview:
The economy of Saint Kitts and Nevis is heavily dependent upon tourism revenues, which has replaced sugar, the traditional mainstay of the economy until the 1970s. Following the 2005 harvest, the government closed the sugar industry after decades of losses of 3-4% of GDP annually. To compensate for employment losses, the government has embarked on a program to diversify the agricultural sector and to stimulate other sectors of the economy, such as tourism, export-oriented manufacturing, and offshore banking. More than 200,000 tourists visited the islands in 2009. Like other tourist destinations in the Caribbean, St. Kitts and Nevis is vulnerable to damage from natural disasters and shifts in tourism demand. The current government is constrained by one of the world's highest public debt burdens equivalent to roughly 185% of GDP, largely attributable to public enterprise losses.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Saint Kitts and Nevis on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Saint Kitts and Nevis Economy 2012 information contained here. All suggestions for corrections of any errors about Saint Kitts and Nevis Economy 2012 should be addressed to the CIA.
$918 million (2011 est.)
country comparison to the world: 202
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$700 million (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
1.5% (2011 est.)
country comparison to the world: 173
[see also: GDP - real growth rate country ranks ]
$16,400 (2011 est.)
country comparison to the world: 71
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 2.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 22.7%
[see also: GDP - composition by sector - industry country ranks ]
services: 74.8% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
18,170 (June 1995)
country comparison to the world: 208
[see also: Labor force country ranks ]
4.5% (1997)
country comparison to the world: 41
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
39% of GDP (2011 est.)
country comparison to the world: 13
[see also: Investment (gross fixed) country ranks ]
revenues: $222.2 million
[see also: Budget revenues country ranks ]
expenditures: $222.2 million (2011 est.)
[see also: Budget expenditures country ranks ]
31.7% of GDP (2011 est.)
country comparison to the world: 80
[see also: Taxes and other revenues country ranks ]
0% of GDP (2011 est.)
country comparison to the world: 42
[see also: Budget surplus (+) or deficit (-) country ranks ]
185% of GDP (2009 est.)
country comparison to the world: 3
[see also: Public debt country ranks ]
4.6% (2011 est.)
country comparison to the world: 110
[see also: Inflation rate (consumer prices) country ranks ]
6.5% (31 December 2009)
country comparison to the world: 60
[see also: Central bank discount rate country ranks ]
9.1% (31 December 2011 est.)
country comparison to the world: 119
[see also: Commercial bank prime lending rate country ranks ]
$128.4 million (31 December 2011 est.)
country comparison to the world: 184
[see also: Stock of narrow money country ranks ]
$879.1 million (31 December 2010 est.)
country comparison to the world: 171
[see also: Stock of broad money country ranks ]
$777.8 million (31 December 2011 est.)
country comparison to the world: 162
[see also: Stock of domestic credit country ranks ]
$623.9 million (31 December 2010)
country comparison to the world: 108
[see also: Market value of publicly traded shares country ranks ]
sugarcane, rice, yams, vegetables, bananas; fish
tourism, cotton, salt, copra, clothing, footwear, beverages
NA%
[see also: Industrial production growth rate country ranks ]
130 million kWh (2008 est.)
country comparison to the world: 188
[see also: Electricity - production country ranks ]
120.9 million kWh (2008 est.)
country comparison to the world: 191
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 129
[see also: Oil - production country ranks ]
2,000 bbl/day (2010 est.)
country comparison to the world: 191
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 206
[see also: Oil - exports country ranks ]
1,699 bbl/day (2009 est.)
country comparison to the world: 184
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 119
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 124
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 172
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 122
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 185
[see also: Natural gas - proved reserves country ranks ]
-$154.4 million (2011 est.)
country comparison to the world: 79
[see also: Current account balance country ranks ]
$63.1 million (2011 est.)
country comparison to the world: 197
[see also: Exports country ranks ]
machinery, food, electronics, beverages, tobacco
US 56.5%, Canada 9.2%, Azerbaijan 5% (2010)
$315.7 million (2011 est.)
country comparison to the world: 194
[see also: Imports country ranks ]
machinery, manufactures, food, fuels
US 39.5%, Trinidad and Tobago 17%, Poland 4.7%, Barbados 4% (2010)
$100 million (31 December 2011 est.)
country comparison to the world: 173
[see also: Reserves of foreign exchange and gold country ranks ]
$211.3 million (31 December 2011 est.)
country comparison to the world: 179
[see also: Debt - external country ranks ]
East Caribbean dollars (XCD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12