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Saint Kitts and Nevis

Saint Kitts and Nevis Expenditure on GDP Stats

Definitions

  • Changes in inventories > Constant: Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" Data are in constant local currency."
  • Discrepancy in expenditure estima: A statistical discrepancy usually arises when the GDP components are estimated independently by industrial origin and by expenditure categories. This item represents the discrepancy in the use of resources (i.e., the estimate of GDP by expenditure categories). Data are in constant local currency."
  • Exports > Goods and services: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant local currency."
  • External balance on goods and ser: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.
  • Final > Consumption expenditure: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). Data are in constant local currency.
  • General government final consumpt: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in constant local currency."
  • Gross capital formation > Constan: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency."
  • Gross fixed capital formation: Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency."
  • Gross national expenditure > Cons: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant local currency."
  • Household final > Consumption expen: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in constant local currency."
  • Imports > Goods and services: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant local currency."
STAT AMOUNT DATE RANK HISTORY
Changes in inventories > Constant 0.0 2002 80th out of 116
Discrepancy in expenditure estima 0.0 2003 63th out of 118
Exports > Goods and services 320.5 million 1998 138th out of 143
External balance on goods and ser -96,528,128 1998 51st out of 139
Final > Consumption expenditure 447.98 million 2003 116th out of 117
General government final consumpt 149.79 million 2003 133th out of 136
Gross capital formation > Constan 317.25 million 2002 138th out of 144
Gross fixed capital formation 320.49 million 2003 132nd out of 136
Gross national expenditure > Cons 692.62 million 1998 140th out of 143
Household final > Consumption expen 298.18 million 2003 132nd out of 133
Imports > Goods and services 417.03 million 1998 140th out of 143

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

Citation

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