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Saint Kitts and Nevis

The economy of Saint Kitts and Nevis is heavily dependent upon tourism revenues, which has replaced sugar, the traditional mainstay of the economy until the 1970s. Following the 2005 harvest, the government closed the sugar industry after decades of losses of 3-4% of GDP annually. To compensate for employment losses, the government has embarked on a program to diversify the agricultural sector and to stimulate other sectors of the economy, such as tourism, export-oriented manufacturing, and offshore banking. Economic growth was above average for Latin America from 2004 to 2006, but has since slowed. Tourism is pr...  More..

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Economy of Saint Kitts and Nevis
SOURCE: CIA - The World Factbook
Currency East Caribbean dollar
GDP (PPP) $753.1 million (2009 est.)
GDP (per capita) $15,200 (2009 est.)
Exports $84 million (2006)
Imports $383 million (2006)
Main Industries Tourism, Cotton, Salt, Copra, Clothing, Footwear, Beverages
Exports - Commodities Machinery, Food, Electronics, Beverages, Tobacco
Imports - Commodities Machinery, Manufactures, Food, Fuels
Exports Partners US 66%, Azerbaijan 7.5%, Canada 6% (2008)
Imports Partners US 46.8%, Trinidad and Tobago 14.8%, UK 4.1% (2008)

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