Includes Saint Kitts and Nevis real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Saint Kitts and Nevis economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of the country best banks and safest banks are also available.
Basic Information
Government Type: Federal parliamentary democracy under a constitutional monarchy; a Commonwealth realm
Capital City: Basseterre
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank | Eastern Caribbean Central Bank |
---|---|
Currency | East Caribbean dollars (XCD) |
International Reserves |
USD 0.36 billion (2018) International Monetary Fund (IMF), data retrieved October 2019 |
Gross Domestic Product – GDP | USD 1.0 billion (2018, estimate) |
GDP (Purchasing Power Parity) | Intl$ 1.7 billion (2018, estimate) |
GDP Data
Real GDP growth |
2007 -0.1% 2008 6.5% 2009 -3.4% 2010 -1.5% 2011 1.8% 2012 -0.7% 2013 5.5% 2014 6.1% 2015 2.1% 2016 2.3% 2017* 1.2% 2018* 3% *Estimate |
---|---|
GDP per capita – current prices | USD 18,203.3 (2018, estimate) |
GDP per capita – PPP | Intl$ 29,820.2 (2018, estimate) |
GDP (PPP) – share of world total |
1980 0% 1990 0% 2000 0% 2010 0% 2019* 0.001% |
GDP – composition by sector |
agriculture: 1.2% industry: 23.9% services: 63.9% (2018 estimate) |
Gross domestic expenditure on R&D; (% of GDP) | N/A |
Inflation |
2015 -2.3% 2016 -0.3% 2017 0% 2018* -0.2% 2019* 0.6% *Estimate |
Saint Kitts and Nevis
Inflation & Debt
Inflation |
2015 -2.3% 2016 -0.3% 2017 0% 2018* -0.2% 2019* 0.6% *Estimate |
---|---|
Government Bond Ratings | N/A |
Unemployment rate |
2015 N/A 2016 N/A 2017 N/A 2018* N/A 2019* N/A *Estimate |
Household saving rates | N/A |
Public debt (General government gross debt as a % of GDP) |
2015 72.6% 2016 65.8% 2017 64.3% 2018* 60.5% 2019* 57.4% *Estimate |
Public deficit (General government net lending/borrowing as a % of GDP) |
2015 6.7% 2016 4.3% 2017 0.6% 2018* 4.9% 2019* 7.2% *Estimate |
Market value of publicly traded shares |
2016 N/A 2017 N/A 2018 N/A |
Largest Companies | N/A |
Import/Export
Exports as percent of GDP (Exports of goods and services) | 54.1% (2016) |
---|---|
Shares in world total merchandising export | 0.0003% (2018) |
Shares in world total commercial services export | 0.008% (2018) |
Total exports |
USD 649.7 million (2018 estimate) |
Export commodities | Machinery, food, electronics, beverages, tobacco |
Total imports |
USD 587.9 million (2018 estimate) |
Import commodities | Machinery, manufactures, food, fuels |
Exports – major partners | US 49.6%, Poland 15.2%, Turkey 11.6% (2016) |
Imports – major partners | US 56.8%, Trinidad and Tobago 6.8%, Cyprus 6.2%, Japan 4% (2016) |
Competitiveness & Trade
Current account balance | USD -0.1 billion (2018 estimate) |
---|---|
Current account balance by percentage of GDP | -7.4 % (2018 estimate) |
FDI inflows |
2016 USD 94 million 2017 USD 51 million 2018 USD 85 million |
FDI Outflows |
2016 USD -0.7 million 2017 USD -0.4 million 2018 USD -0.5 million |
Value of cross-border M&A, by country of purchaser |
2015 N/A 2016 N/A 2017 N/A 2018 N/A |
Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
Best countries for doing business |
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Overall ranking: 139 out of 190 countries Subcategories: Starting a Business: 109 out of 190 countries Dealing with Construction Permits: 58 out of 190 countries Getting Electricity: 110 out of 190 countries Registering Property: 185 out of 190 countries Getting Credit: 165 out of 190 countries Protecting Minority Investors: 103 out of 190 countries Paying Taxes: 125 out of 190 countries Trading across Borders: 71 out of 190 countries Enforcing Contracts: 49 out of 190 countries Resolving Insolvency: 168 out of 190 countries |
Global competitiveness ranking | N/A |
Index of Economic Freedom | N/A |
Population & Geographic Data
Total Area |
261 sq km |
---|---|
Total Population |
1990 0.04 Million 2000 0.05 Million 2010 0.05 Million 2015 0.05 Million 2020 0.06 Million |
Urban population as % of total population |
1960 27.6% 1980 35.9% 2000 32.8% 2018 30.8% |
Population median age | 35.5 years (2018 estimate) |
Population growth rate | 0.7% (2018 estimate) |
Life expectancy |
76.2 years (2018 estimate) CIA World Factbook / Life expectancy |
% of population living on less than $3.10 a day | N/A |
Inequality of wealth distribution (Gini index) | N/A |
Freedom House rating |
Free Political Rights: 1 Civil Liberties: 1 (2019) (1 represents the most free, 7 the least free rating) |
Total telephone subscribers as % of population |
Fixed: 33.2% Mobile: 147.7% (2017) (fixed-telephone subscribers and mobile-cellular subscribers) |
Internet users as % of total population | 80.71 % (2017) |
Language & Religon
Languages | English (official) |
---|---|
Literacy | N/A |
Religions | Protestant 74.4% (includes Anglican 20.6%, Methodist 19.1%, Pentecostal 8.2%, Church of God 6.8%, Moravian 5.5%, Baptist 4.8%, Seventh Day Adventist 4.7%, Evangelical 2.6%, Bretheren 1.8%, other .3%), Roman Catholic 6.7%, Rastafarian 1.7%, Jehovah’s Witne |
World Rankings
Population | 0.06 million |
---|---|
Mercer Cost of living index | N/A |
C02 Emissions per capita |
4.55 metric tons per capita (2014) |
Global Finance Rankings & Awards: Saint Kitts and Nevis
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000