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    Saint Kitts and Nevis Index 2006

    Saint Kitts and Nevis Main Index


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    Saint Kitts and Nevis Economy - 2006
    https://theodora.com/wfbcurrent/saint_kitts_and_nevis/saint_kitts_and_nevis_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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. Tourism revenues are now the chief source of the islands' foreign exchange; about 40,000 tourist visited Nevis during the 2003-2004 season. Additional tourist facilities, including a second cruise ship pier, hotels, and golf courses are under construction.

      GDP (purchasing power parity):
      $339 million (2002 est.)

      GDP (official exchange rate):
      NA

      GDP - real growth rate:
      -1.9% (2002 est.)

      GDP - per capita (PPP):
      $8,800 (2002 est.)

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

      Labor force:
      18,170 (June 1995)

      Unemployment rate:
      4.5% (1997)

      Population below poverty line:
      NA%

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices):
      1.7% (2001 est.)

      Budget:
      revenues: $89.7 million
      expenditures: $128.2 million; including capital expenditures of $19.5 million (2003 est.)

      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:
      111.7 million kWh (2003)

      Electricity - consumption:
      103.9 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      700 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Exports:
      $70 million (2004 est.)

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

      Exports - partners:
      US 57.5%, Canada 9%, Portugal 8.3%, UK 6.7% (2004)

      Imports:
      $405 million (2004 est.)

      Imports - commodities:
      machinery, manufactures, food, fuels

      Imports - partners:
      Ukraine 44.7%, US 22.1%, Trinidad and Tobago 8.8%, UK 6.2% (2004)

      Debt - external:
      $171 million (2001)

      Economic aid - recipient:
      $8 million (2001)

      Currency (code):
      East Caribbean dollar (XCD)

      Exchange rates:
      East Caribbean dollars per US dollar - 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Saint Kitts and Nevis on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Saint Kitts and Nevis Economy 2006 information contained here. All suggestions for corrections of any errors about Saint Kitts and Nevis Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/saint_kitts_and_nevis/saint_kitts_and_nevis_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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