| KITTITIAN-NEVISIAN ECONOMY 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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Source: CIA World Factbook, 28 July 2005 |
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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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Source: 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 |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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. |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
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$84,000,000.00 |
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[178th of 189]
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Source: CIA World Factbook, 28 July 2005 |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
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$486,666,700.00 |
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[157th of 203]
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Source: US Census Bureau |
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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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Source: World Development Indicators database and CIA World Factbook |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Source: World Bank. 2005. World Development Indicators 2005. |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Source: World Development Indicators database |
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Gross National Income
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$298,790,000.00 |
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[159th of 172]
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Source: World Development Indicators database |
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Gross national income > constant LCU
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531489200 |
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Human Development Index
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0.834 |
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[49th of 178]
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Source: World Development Indicators database |
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Inflation rate (consumer prices)
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4.5% |
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[106th of 192]
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Source: Human Development Report 2006, United Nations Development Programme |
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Total reserves minus gold > current US$
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71,611,720 $
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[163rd of 178]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Tourist arrivals
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88,000 |
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[119th of 152]
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Source: World Development Indicators database |
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