World Factbook

Saint Kitts and Nevis

Federation of Saint Kitts and Nevis

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated

revenues

$262 million (2020 est.)

expenditures

$281.889 million (2020 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$542.983 million (2022 est.)

Exports 2023

$579.568 million (2023 est.)

Exports 2024

$504.391 million (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$606.856 million (2022 est.)

Imports 2023

$669.168 million (2023 est.)

Imports 2024

$642.934 million (2024 est.)

Industries

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

Public debt

note

note: central government debt as a % of GDP

Public debt 2017

62.9% of GDP (2017 est.)

Remittances

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note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2022

3.8% of GDP (2022 est.)

Remittances 2023

3.5% of GDP (2023 est.)

Remittances 2024

3.4% of GDP (2024 est.)

Exchange rates

Currency

East Caribbean dollars (XCD) per US dollar -

Exchange rates 2020

2.7 (2020 est.)

Exchange rates 2021

2.7 (2021 est.)

Exchange rates 2022

2.7 (2022 est.)

Exchange rates 2023

2.7 (2023 est.)

Exchange rates 2024

2.7 (2024 est.)

Economic overview

high-income, tourism-based Caribbean OECS economy; better debt balancing; CARICOM and ECCU member; growing offshore financial and telecommunications hub; environmentally fragile; unique citizenship-driven growth model

Exports - partners

Malta 49%, USA 21%, Turkey 7%, St. Vincent & the Grenadines 5%, Guyana 3% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

USA 50%, Italy 11%, China 8%, Japan 2%, UK 2% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$29,700 (2022 est.)

Real GDP per capita 2023

$31,000 (2023 est.)

Real GDP per capita 2024

$31,300 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

10.3% (2022 est.)

Real GDP growth rate 2023

4.3% (2023 est.)

Real GDP growth rate 2024

1.2% (2024 est.)

Agricultural products

coconuts, tropical fruits, root vegetables, vegetables, eggs, pulses, sweet potatoes, watermelons, cucumbers/gherkins, tomatoes (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

ships, measuring instruments, beer, electrical transformers, electrical control boards (2023)

note: top five export commodities based on value in dollars

Imports - commodities

refined petroleum, ships, cars, jewelry, poultry (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

-$111.685 million (2022 est.)

Current account balance 2023

-$122.386 million (2023 est.)

Current account balance 2024

-$169.221 million (2024 est.)

Taxes and other revenues

15% (of GDP) (2020 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$1.067 billion (2024 est.)

note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2021

1.2% (2021 est.)

Inflation rate (consumer prices) 2022

2.7% (2022 est.)

Inflation rate (consumer prices) 2023

3.6% (2023 est.)

Industrial production growth rate

-2.7% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$1.388 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$1.448 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$1.465 billion (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$293.98 million (2022 est.)

Reserves of foreign exchange and gold 2023

$286.075 million (2023 est.)

Reserves of foreign exchange and gold 2024

$294.748 million (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

21.1% (2024 est.)

services

65.5% (2024 est.)

agriculture

1.3% (2024 est.)