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| KITTITIAN-NEVISIAN ECONOMY STATS: |
| Top Stats |
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Agriculture > products
sugarcane, rice, yams, vegetables, bananas; fish |
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Aid as % of GDP
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1.2% |
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[83rd of 129]
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Current account balance
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-$163,000,000.00 |
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[87th of 181]
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Debt > External
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$314,000,000.00 |
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[18th of 136]
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Economy > Overview
Sugar was the traditional mainstay of the Saint Kitts 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. Activities such as tourism, export-oriented manufacturing, and offshore banking have assumed larger roles in the economy and have contributed to the recent robust growth. Tourism revenues are now the chief source of the islands' foreign exchange; about 341,800 tourists visited Nevis in 2005. The current government is constrained by a high debt burden, public debt reached 190% of GDP by the end of 2005, largely attributable to public enterprise losses. |
Exchange rates
East Caribbean dollars per US dollar - 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000) |
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Exports
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$84,000,000.00 |
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[178th of 189]
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Exports to US
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$12,200,000.00 |
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[130th of 224]
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GDP
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$486,666,700.00 |
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[157th of 203]
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GDP (purchasing power parity)
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$721,000,000.00 |
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[183rd of 187]
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GDP > PPP
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$599,000,000.00 |
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[162nd of 163]
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GDP > Real growth rate
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3.3% |
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[137th of 198]
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GDP growth > annual %
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8.79 annual %
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[25th of 187]
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GDP per capita, PPP > current international $
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12,917.29 PPP $
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[45th of 169]
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Gross National Income
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$298,790,000.00 |
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[159th of 172]
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Gross national income > constant LCU
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531489200 |
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Human Development Index
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0.834 |
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[49th of 178]
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Inflation rate (consumer prices)
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4.5% |
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[106th of 192]
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Total reserves minus gold > current US$
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71,611,720 $
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[163rd of 178]
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Tourist arrivals
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88,000 |
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[119th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Saint Kitts and Nevis, Federation of Saint Kitts and Nevis, saint christopher and nevis, st kitts and nevis, st. kitts and nevis, St. Kitts-Nevis, St. Kitts & Nevis, Saint Kitts & Nevis
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