1UpTravel


 

You are here > 1Up Travel > Countries of the World > Caribbean > Saint Kitts and Nevis



ADVERTISEMENT

Country

 Country Facts

  Introduction

  Geography

  People

  Government

  Economy

  Communications

  Transportation

  Military

  Maps & Cities

  Transnational issues


Related

  Saint Kitts & Nevis Guide
  Saint Kitts & Nevis Maps
  Saint Kitts & Nevis Hotels
  Saint Kitts & Nevis Flag
  More Saint Kitts & Nevis Flags
  Saint Kitts & Nevis Geography
  Saint Kitts & Nevis Travel Warning



Travel & Tourism . Tourist Guide to the Country

Saint Kitts & Nevis Economy




Saint Kitts and Nevis    Economy Top of Page
Economy - overview: The economy has traditionally depended on the growing and processing of sugarcane; decreasing world prices have hurt the industry in recent years. Tourism, export-oriented manufacturing, and offshore banking activity have assumed larger roles. Most food is imported. The government has undertaken a program designed to revitalize the faltering sugar sector. It is also working to improve revenue collection in order to better fund social programs. In 1997 some leaders in Nevis were urging separation from Saint Kitts on the basis that Nevis was paying far more in taxes than it was receiving in government services, but the vote on cessation failed in August 1998. In late September 1998, Hurricane Georges caused approximately $445 million in damages and limited GDP growth for the year.
GDP: purchasing power parity - $274 million (2000 est.)
GDP - real growth rate: 5% (2000 est.)
GDP - per capita: purchasing power parity - $7,000 (2000 est.)
GDP - composition by sector: agriculture:  5.5%

industry:  22.5%

services:  72% (1996)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): 2.5% (2000 est.)
Labor force: 18,172 (June 1995)
Labor force - by occupation: NA
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
Industrial production growth rate: NA%
Electricity - production: 90 million kWh (1999)
Electricity - production by source: fossil fuel:  100%

hydro:  0%

nuclear:  0%

other:  0% (1999)
Electricity - consumption: 83.7 million kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: sugarcane, rice, yams, vegetables, bananas; fish
Exports: $53.2 million (2000 est.)
Exports - commodities: machinery, food, electronics, beverages, tobacco
Exports - partners: US 68.5%, UK 22.3%, Caricom countries 5.5% (1995 est.)
Imports: $151.5 million (2000 est.)
Imports - commodities: machinery, manufactures, food, fuels
Imports - partners: US 42.4%, Caricom countries 17.2%, UK 11.3% (1995 est.)
Debt - external: $115.1 million (1998)
Economic aid - recipient: $5.5 million (1995)
Currency: East Caribbean dollar (XCD)
Currency code: XCD
Exchange rates: East Caribbean dollars per US dollar - 2.7000 (fixed rate since 1976)
Fiscal year: calendar year

 

Countryfacts Information Courtesy: CIA Worldbook








Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


CHANNELS

Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks

DESTINATIONS

Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions

PHOTO SPECIAL

Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders

UTILITIES

World Time ISD Codes Travel Links Link Exchange

 



Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy