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Saint 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.

 
 
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Central bank

Eastern Caribbean Central Bank

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International Reserves

USD 0.36 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

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Gross Domestic Product - GDP

USD 1.0 billion (2018, estimate)

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GDP (Purchasing Power Parity)

Intl$ 1.7 billion (2018, estimate)

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Real GDP growth
2007 2008 2009 2010 2011 2012 2013
-0.1% 6.5% -3.4% -1.5% 1.8%

-0.7%

 5.5%
2014 2015 2016 2017* 2018*    
6.1% 2.1% 2.3% 1.2% 3%    

*Estimate

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GDP per capita - current prices

USD 18,203.3 (2018, estimate)

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GDP per capita - PPP

Intl$ 29,820.2 (2018, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0% 0% 0% 0% 0.001%

*Estimate

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GDP - composition by sector
  • agriculture: 1.2% 
  • industry: 23.9% 
  • services: 63.9%

(2018 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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Inflation
2015 2016 2017 2018* 2019*
-2.3% -0.3% 0% -0.2% 0.6%

*Estimate

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Unemployment rate
2015 2016 2017 2018 2019
N/A N/A N/A N/A N/A

*Estimate

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Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
72.6% 65.8% 64.3% 60.5% 57.4%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
6.7% 4.3% 0.6% 4.9% 7.2%

*Estimate   

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Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's 

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Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
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Largest companies

N/A

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Current account balance

USD -0.1 billion (2018 estimate)

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Current account balance by percentage of GDP

-7.4 % (2018 estimate)

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Exports as percent of GDP (Exports of goods and services)

54.1% (2016)

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Shares in world total merchandising export

0.0003% (2018)

 

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Shares in world total commercial services export

0.008% (2018)

 

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Total exports

USD 649.7 million (2018 estimate)

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Export commodities

Machinery, food, electronics, beverages, tobacco

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Total imports

USD 587.9 million (2018 estimate)

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Import commodities

Machinery, manufactures, food, fuels

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Exports - major partners

US 49.6%, Poland 15.2%, Turkey 11.6% (2016)

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Imports - major partners

US 56.8%, Trinidad and Tobago 6.8%, Cyprus 6.2%, Japan 4% (2016)

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FDI inflows
2016 2017 2018
USD 94 million USD 51 million USD 85 million
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FDI outflows
2016 2017 2018
USD -0.7 million USD -0.4 million USD -0.5 million
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Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
N/A N/A N/A N/A
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

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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

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Global competitiveness ranking

N/A

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Index of Economic Freedom

N/A

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Time zone

UTC-4

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Total area

261 sq km

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Capital

Basseterre

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Currency

East Caribbean dollars (XCD)

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Government type

Federal parliamentary democracy under a constitutional monarchy; a Commonwealth realm

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Languages

English (official)

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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

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Total population
1990 2000 2010 2015* 2020*
0.04 million 0.05 million 0.05 million 0.05 million 0.06 million

*Estimate

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Urban population as % of total population
1960 1980 2000 2018
27.6% 35.9% 32.8% 30.8%
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Population median age

35.5 years (2018 estimate)

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Population growth rate

0.7% (2018 estimate)

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Life expectancy

76.2 years (2018 estimate)

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Literacy

N/A

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)

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Total telephone subscribers as % of population

Fixed: 33.2% Mobile: 147.7% (2017) 

(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

80.71 % (2017)

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Mercer Cost of living index

N/A

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CO2 emissions

4.55 metric tons per capita (2014)

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World's Best Internet Banks

2013
2012
2011
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