Economy of Saint Kitts and Nevis - at A Glance

At A Glance

GDP: purchasing power parity - $726 million (2006 est.)

GDP - real growth rate: 6% (2007 est.)

GDP - per capita: purchasing power parity - $8,200 (2005 est.)

GDP - composition by sector: agriculture: 3.5% industry: 25.8% services: 70.7%(2001)

Inflation rate (consumer prices): 8.7% (2005 est.)

Labor force: 18,172 (June 1995)

Unemployment rate: 4.5% (1997)

Budget: revenues: $64.1 million

expenditures: $73.3 million, including capital expenditures of $10.4 million (1997 est.)

Industries: sugar processing, tourism, cotton, salt, copra, clothing, footwear, beverages

Electricity - production: 125 million kWh (2005)

Electricity - production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (1998)

Electricity - consumption: 116.3 million kWh (2005)

Electricity - exports: 0 kWh (2005)

Electricity - imports: 0 kWh (2005)

Agriculture - products: sugarcane, rice, yams, vegetables, bananas; fish

Exports: $42 million (1998)

Exports - commodities: machinery, food, electronics, beverages, tobacco

Exports - partners: US 61.9%, Canada 9.4%, Netherlands 6.6%, Azerbaijan 5% (2006)

Imports: $383 million (2006)

Imports - commodities: machinery, manufactures, food, fuels

Imports - partners: US 49.5%, Trinidad and Tobago 13.3%, UK 4.5% (2006)

Debt - external: $314 million (2004)

Economic aid - recipient: $3.52 million (2005)

Currency: 1 East Caribbean dollar (EC$) = 100 cents

Exchange rates: East Caribbean dollars per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003)

Fiscal year: calendar year