GDP of Saint Kitts/Nevis

Map of Saint Kitts and Nevis

 GDP of Saint Kitts/Nevis

GDP of Saint Kitts/Nevis is a small, two-island nation in the Caribbean, known for its beautiful beaches, and vibrant culture, and as a popular destination for tourism and offshore financial services.

In addition to its natural beauty and economic activities, the country’s gross domestic product (GDP) is a crucial indicator of its economic health and development.

According to the World Bank, the GDP of Saint Kitts and Nevis was $1.2 billion in 2020, a decrease of 18.5% compared to 2019 due to the impact of the COVID-19 pandemic on the country’s tourism industry.

Prior to the pandemic, Saint Kitts and Nevis experienced steady economic growth, with an average annual GDP growth rate of 4.1% between 2014 and 2019.

The country’s economy is largely driven by tourism, which accounts for approximately 60% of its GDP.

Saint Kitts and Nevis is a popular destination for tourists from around the world, attracted by its sunny weather, sandy beaches, and scenic landscapes.

The country also offers a range of cultural activities and events, such as its annual Carnival celebration, which draws visitors throughout the year.

In addition to tourism, Saint Kitts and Nevis also has a growing financial services sector, which contributes to its GDP.

The country has become an attractive location for offshore financial services due to its favorable tax policies, stable political environment, and well-established legal system.

Overall, the GDP of Saint Kitts and Nevis reflects its reliance on tourism and offshore financial services as key drivers of economic growth.

While the COVID-19 pandemic has had a significant impact on the country’s economy, the government has implemented measures to support businesses and stimulate growth, including the launch of a new economic citizenship program and investment in infrastructure and renewable energy projects.

GDP nominal (2017) GDP growth rate (2017)

$992,007,403

1.17%

  • Nominal (current) Gross Domestic Product ( GDP of Saint Kitts/Nevis) is $992,007,403 (USD) as of 2017.
  • Real GDP (constant, inflation adjusted) of Saint Kitts and Nevis reached $917,001,323 in 2017.
  • GDP Growth Rate in 2017 was 1.17%, representing a change of 10,609,881 US$ over 2016, when Real GDP was $906,391,442.
  • GDP per Capita in Saint Kitts and Nevis (with a population of 52,045 people) was $17,619 in 2017, an increase of $62 from $17,557 in 2016; this represents a change of 0.4% in GDP per capita.

 GDP of Saint Kitts/Nevis

Gross Domestic Product ( GDP of Saint Kitts/Nevis)

Year GDP Nominal
(Current USD)
GDP Real
(Inflation adj.)
GDP
change
GDP per capita Pop.
change
Population
2017 $992,007,403 $917,001,323 1.17% $17,619 0.81 % 52,045
2016 $958,973,183 $906,391,442 2.32% $17,557 0.82 % 51,625
2015 $936,314,411 $885,861,526 2.15% $17,301 0.84 % 51,203
2014 $916,857,360 $867,244,759 6.06% $17,080 0.88 % 50,774
2013 $849,496,204 $817,726,686 5.47% $16,247 0.89 % 50,331
2012 $800,392,821 $775,346,451 -0.66% $15,542 0.89 % 49,887
2011 $818,728,133 $780,463,737 1.78% $15,784 0.88 % 49,447
2010 $766,785,071 $766,785,071 -1.47% $15,644 0.86 % 49,016
2009 $767,066,392 $778,193,788 -3.37% $16,013 0.86 % 48,599
2008 $793,368,441 $805,320,855 6.49% $16,713 0.85 % 48,185
2007 $723,938,700 $756,256,066 -0.05% $15,829 0.93 % 47,778
2006 $657,227,387 $756,643,162 2.92% $15,984 1.03 % 47,339
2005 $577,730,934 $735,192,435 9.70% $15,690 1.15 % 46,857
2004 $529,250,459 $670,213,645 4.06% $14,468 1.26 % 46,324
2003 $486,344,351 $644,077,597 -3.44% $14,079 1.29 % 45,746
2002 $497,328,947 $667,052,585 2.47% $14,769 1.27 % 45,165
2001 $475,443,712 $650,975,461 5.52% $14,596 1.19 % 44,599
2000 $433,520,495 $616,937,442 10.41% $13,998 1.05 % 44,074
1999 $406,597,034 $558,783,738 3.22% $12,812 0.91 % 43,614
1998 $383,257,145 $541,355,383 -0.49% $12,525 0.86 % 43,221
1997 $374,640,295 $544,000,671 6.82% $12,694 0.89 % 42,854
1996 $333,946,096 $509,251,284 5.84% $11,989 0.95 % 42,475
1995 $313,483,385 $481,138,230 5.38% $11,436 1.10 % 42,074
1994 $295,157,658 $456,561,068 5.30% $10,971 1.17 % 41,617

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Sources:  GDP of Saint Kitts/Nevis

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