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| Economy overview | Sugar was the traditional mainstay of the Saint Kitts economy until the 1970s. Although the crop still dominates the agricultural sector, activities such as tourism, export-oriented manufacturing, and offshore banking have assumed larger roles in the economy. As tourism revenues are now the chief source of the islands' foreign exchange, a decline in stopover tourist arrivals following the 11 September 2001 terrorist attacks has eroded government finances. The opening of a 1,000+ bed Marriott hotel in February 2003 was expected to bring in much-needed revenue. |
| GDP | purchasing power parity - $339 million (2002 est.) |
| GDP - real growth rate | -1.9% (2002 est.) |
| GDP - per capita | purchasing power parity - $8,800 (2002 est.) |
| GDP - composition by sector |
agriculture: 3.5% industry: 25.8% services: 70.7% (2001) |
| Investment gross fixed | |
| Population below poverty line | NA |
| Household income or consumption by percentage share |
lowest 10%: na highest 10%: na |
| Distribution of family income - Gini index | |
| Inflation rate consumer prices | 1.7% (2001 est.) |
| Labor force | 18,170 (June 1995) |
| Labor force by occupation | NA |
| Unemployment rate | 4.5% (1997) |
| Budget |
revenues: $89.7 million expenditures: $128.2 million, including capital expenditures of $19.5 million (2003 est.) |
| Public debt | |
| Agriculture products | sugarcane, rice, yams, vegetables, bananas; fish |
| Industries | sugar processing, tourism, cotton, salt, copra, clothing, footwear, beverages |
| Industrial production growth rate | NA |
| Electricity production | 100.3 million kWh (2001) |
| Electricity production by source |
fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0% |
| Electricity consumption | 93.26 million kWh (2001) |
| Electricity exports | 0 kWh (2001) |
| Electricity imports | 0 kWh (2001) |
| Oil production | 0 bbl/day (2001 est.) |
| Oil consumption | 710 bbl/day (2001 est.) |
| Oil exports | NA (2001) |
| Oil imports | NA (2001) |
| Oil proved reserves | |
| Natural gas production | |
| Natural gas consumption | |
| Natural gas exports | |
| Natural gas imports | |
| Natural gas proved reserves | |
| Current account balance | |
| Exports | $70 million (2002 est.) |
| Exports commodities | machinery, food, electronics, beverages, tobacco |
| Exports partners | US 61.4%, UK 15.7%, Canada 8.6%, Germany 4.3% (2003) |
| Imports | $195 million (2002 est.) |
| Imports commodities | machinery, manufactures, food, fuels |
| Imports partners | US 35.7%, Italy 16.1%, Trinidad and Tobago 14.5%, UK 6.4%, Denmark 5.2%, Canada 4.4% (2003) |
| Reserves of foreign exchange gold | |
| Debt external | $171 million (2001) |
| Economic aid recipient | $8 million (2001) |
| Currency | East Caribbean dollar (XCD) |
| Currency code | XCD |
| Exchange rates | East Caribbean dollars per US dollar - 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000), 2.7 (1999) |
| Fiscal year | calendar year |
Introduction and Background to Saint Kitts and Nevis | Geography Of Saint Kitts and Nevis | People Of Saint Kitts and Nevis | Government Of Saint Kitts and Nevis | Communications Of Saint Kitts and Nevis | Transportation Of Saint Kitts and Nevis | Military Of Saint Kitts and Nevis | Transnational Issues Of Saint Kitts and Nevis
Kittitian Flag Map Of Saint Kitts and Nevis
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