| People | Saint Kitts and Nevis |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
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. |
GDP (purchasing power parity):
|
$726 million (2006 est.) |
GDP (official exchange rate):
|
$520 million (2007 est.) |
GDP - real growth rate:
|
6% (2007 est.) |
GDP - per capita (PPP):
|
$8,200 (2005 est.) |
GDP - composition by sector:
|
agriculture: 3.5%
industry: 25.8%
services: 70.7% (2001) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
8.7% (2005 est.) |
Labor force:
|
18,170 (June 1995) |
Labor force participation rate:
|
45.86 % of population |
Labor force - by occupation:
|
void |
Unemployment rate:
|
4.5% (1997) |
Budget:
|
revenues: $89.7 million
expenditures: $128.2 million (2003 est.) |
Budget revenues per capita:
|
2,265 USD per capita |
Public debt:
|
void |
Industries:
|
tourism, cotton, salt, copra, clothing, footwear, beverages |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
125 million kWh (2005) |
Electricity - production per capita:
|
3,156 kWh per capita |
Electricity - consumption:
|
116.3 million kWh (2005) |
Electricity - consumption - per capita:
|
2,936 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
900 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
8.29 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2004) |
Oil - imports:
|
871.6 bbl/day (2004) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
sugarcane, rice, yams, vegetables, bananas; fish |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$84 million (2006) |
Exports per capita:
|
2,121 USD per capita |
Exports - commodities:
|
machinery, food, electronics, beverages, tobacco |
Exports - partners:
|
US 62%, Canada 9.4%, Netherlands 6.6%, Azerbaijan 5% (2006) |
Imports:
|
$383 million (2006) |
Imports per capita:
|
9,668 USD per capita |
Imports - commodities:
|
machinery, manufactures, food, fuels |
Imports - partners:
|
US 48.9%, Trinidad and Tobago 13.1%, Spain 4.6%, UK 4.5% (2006) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$314 million (2004) |
Debt - external - per capita:
|
7,926 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$3.52 million (2005) |
Economic aid - recipient per capita:
|
89 USD per capita |
Currency (code):
|
East Caribbean dollar (XCD) |
Exchange rates:
|
East Caribbean dollars per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003) |
Fiscal year:
|
calendar year |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
