Feedback

COUNTRIES
of the WORLD

. Index

. 1996 Index

. Flag

. Geography

. People

. Government

. Economy

. Transportation

. Commun'tions

. Defense

. Geo Names

. Feedback

===========

Saint Kitts and Nevis Economy 1996

Overview:

The economy has traditionally depended on the growing and processing of sugarcane; decreasing world prices have hurt the industry in recent years. Tourism and export-oriented manufacturing have begun to assume larger roles, although they still only account for 7% and 4% of GDP respectively. Growth in the construction and tourism sectors spurred the economic expansion in 1994. Most food is imported.

National product:

GDP - purchasing power parity - $210 million (1994 est.)

National product real growth rate:

4.5% (1994 est.)

National product per capita:

$5,300 (1994 est.)

Inflation rate (consumer prices):

1.6% (1993)

Unemployment rate:

12.2% (1990)

Budget:

revenues:

$103.2 million

expenditures:

$102.6 million, including capital expenditures of $50.1 million (1995 est.)

Exports:

$32.4 million (f.o.b., 1992)

commodities:

machinery, food, electronics, beverages and tobacco

partners:

US 50%, UK 30%, CARICOM nations 11% (1992)

Imports:

$100 million (f.o.b., 1992)

commodities:

machinery, manufactures, food, fuels

partners:

US 43%, CARICOM nations 18%, UK 12%, Canada 4%, Japan 4%, OECS 4% (1992)

External debt:

$43.3 million (1992)

Industrial production:

growth rate 5.9% (1992 est.)

Electricity:

capacity:

15,800 kW

production:

45 million kWh

consumption per capita:

990 kWh (1993)

Industries:

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

Agriculture:

accounts for 17% of GDP; cash crop - sugarcane; subsistence crops - rice, yams, vegetables, bananas; fishing potential not fully exploited

Illicit drugs:

transshipment point for South American drugs destined for the US

Economic aid:

recipient:

US commitments, including Ex-Im (FY85-88), $10.7 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $67 million

Currency:

1 EC dollar (EC$) = 100 cents

Exchange rates:

East Caribbean dollars (EC$) per US$1 - 2.70 (fixed rate since 1976)

Fiscal year:

calendar year

Thank you for making this an award winning site

Please put this page in your BOOKMARKS - - - - -

ITA Home Page	The IMMIGRATION Superhighway	Feedback
ITA WWWDesign	Flags of all Countries	Yahoo search

Revised 13-August-1997