Browse a full set of economic indicators

St. Kitts and Nevis

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

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

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