Saint Kitts and Nevis


Saint Kitts and Nevis Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Saint Kitts and Nevis; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank N/A
International Reserves US$ 244.261 million (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 738 million (2010 estimate)
GDP (Purchasing Power Parity) 895 million of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.7% -0.3% -1.2% 7.3% 5.2% 2.6% 4.2% 4%
2009 2010 2011 2012*
-5.6% -2.7% -2% 1%

*Estimate

GDP per capita - current prices US$ 12,879 (2003 estimate)
GDP per capita - PPP $15,617 International Dollars (2003 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0% 0% 0% 0% 0%

**Forecast

GDP - composition by sector
  • agriculture: 2.4% 
  • industry: 22.7% 
  • services: 74.8% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
2.1%(2008) 1% 5.4% 2.8%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
131% 148.5% 163.6% 153.4% 151.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-3.9% -2.9% -7.8% 2% -3%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$648 million US$623.9 million US$598.4 million
Largest companies in Saint Kitts and Nevis N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -138 million (2010 estimate)(After 2008)
Current account balance by percentage of GDP -18.7% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

27.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0% (2011)(2007)

(Data were released in 2012)

Total exports US$58.6 million (2012 estimate) 
Export commodities machinery, food, electronics, beverages, tobacco
Total imports US$20.53 million (2010 estimate)
Import commodities machinery, manufactures, food, fuels
Exports - major partners US 57.8%, Canada 9.8%, Russia 5.2%, Germany 4.2% (2011)
Imports - major partners US 37.3%, Trinidad and Tobago 20.4%, Barbados 4.8% (2011)
FDI inflows
2009 2010 2011
US$131 million US$120 million(2009) US$142 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) US$-0 million(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 96 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 69 out of 185 countries(2009)

Enforcing Contracts: 119 out of 185 countries

Registering Property: 166 out of 185 countries

Getting credit: 129 out of 185 countries

Protecting investors: 32 out of 185 countries

Trading across border: 64 out of 185 countries

Paying Taxes: 135 out of 185 countries

Dealing with Construction Permits: 15 out of 185 countries

Getting Electricity: 17 out of 185 countries

Resolving Insolvency: 185 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
N/A

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

N/A (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-4
Total area 261 km2 (2006)
Capital Basseterre (2009)
Currency East Caribbean dollars (XCD) (2009)
Government type parliamentary democracy and a Commonwealth realm (2009)
Languages English
Religions Anglican, other Protestant, Roman Catholic
Total population
1980 1990 2000 2012* 2017**
0.04 million 0.04 million 0.04 million 0.06 million N/A

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
27.6% 35.9% 32.8% 32%
Population median age N/A
Population growth rate 1.2% (2011)
Life expectancy N/A
Adult literacy N/A
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

200.76% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population N/A
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

5.024 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (Nordic Countries, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (Nordic, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (Nordic, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (Nordic Region, 2010)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE