| 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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Definition: Economy > Aid as % of GDP |
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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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Definition: Economy > Current account balance |
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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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Definition: Economy > Debt > External |
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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Definition: Economy > Economy > Overview |
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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Definition: Economy > Exchange rates |
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Exports
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$84,000,000.00 |
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[178th of 189]
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Definition: Economy > Exports |
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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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Definition: Economy > Exports to US |
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GDP
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$486,666,700.00 |
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[157th of 203]
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Definition: Economy > GDP |
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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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Definition: Economy > GDP (purchasing power parity) |
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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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Definition: Economy > GDP > PPP |
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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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Definition: Economy > GDP > Real growth rate |
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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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Definition: Economy > GDP growth > annual % |
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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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Definition: Economy > GDP per capita, PPP > current international $ |
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Gross National Income
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$298,790,000.00 |
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[159th of 172]
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Definition: Economy > Gross National Income |
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Gross national income > constant LCU
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531489200 |
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Definition: Economy > Gross national income > constant LCU |
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Human Development Index
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0.834 |
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[49th of 178]
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Definition: Economy > Human Development Index |
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Inflation rate (consumer prices)
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4.5% |
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[106th of 192]
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Definition: Economy > Inflation rate (consumer prices) |
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Total reserves minus gold > current US$
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71,611,720 $
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[163rd of 178]
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Definition: Economy > Total reserves minus gold > current US$ |
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Tourist arrivals
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88,000 |
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[119th of 152]
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Definition: Economy > Tourist arrivals |
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