Countries
Saint Kitts and Nevis
Key Economic Indicators
$1.63 billion
$34,847
0.31%
3.56%
$1.067 billion (2024 est.)
<b>note:</b> central government debt as a % of GDP
$-169,220,834
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
All Economic Data
Agricultural products
coconuts, tropical fruits, root vegetables, vegetables, eggs, pulses, sweet potatoes, watermelons, cucumbers/gherkins, tomatoes (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$281.889 million (2020 est.)
Note:
<b>note:</b> 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:
$262 million (2020 est.)
Currency
code:
XCD
name:
Eastern Caribbean dollar (XCD) [$]
Current account balance
$-169,220,834
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.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
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.)
Exports
Exports 2022:
$542.983 million (2022 est.)
Exports 2023:
$579.568 million (2023 est.)
Exports 2024:
$504.391 million (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
ships, measuring instruments, beer, electrical transformers, electrical control boards (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Malta 49%, USA 21%, Turkey 7%, St. Vincent & the Grenadines 5%, Guyana 3% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$42.08 million
GDP - composition, by sector of origin
Agriculture:
1.3% (2024 est.)
Industry:
21.1% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
65.5% (2024 est.)
GDP (official exchange rate)
$1.067 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$23,961
GNI (gross national income)
$1.11 billion
GNI per capita
$22,470
Imports
Imports 2022:
$606.856 million (2022 est.)
Imports 2023:
$669.168 million (2023 est.)
Imports 2024:
$642.934 million (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, ships, cars, jewelry, poultry (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
USA 50%, Italy 11%, China 8%, Japan 2%, UK 2% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
-2.7% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
tourism, cotton, salt, copra, clothing, footwear, beverages
Inflation rate (consumer prices)
3.56%
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.)
Note:
<b>note:</b> annual % change based on consumer prices
Public debt
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2017:
62.9% of GDP (2017 est.)
Real GDP (purchasing power parity)
$1.63 billion
Note:
<b>note:</b> 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.)
Real GDP growth rate
0.31%
Note:
<b>note:</b> 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.)
Real GDP per capita
$34,847
Note:
<b>note:</b> 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.)
Remittances
$38.74 million
Note:
<b>note:</b> 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.)
Reserves of foreign exchange and gold
$294.75 million
Note:
<b>note:</b> 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.)
Taxes and other revenues
15% (of GDP) (2020 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
World Bank Indicators
Currency
Seychellois rupee (SCR) (2025)
Gini Index
32.10 (2018)
Languages
Seychellois Creole, English, French (2025)
Economic Rankings
GDP Growth Rate
#18
GDP per Capita
#61
Reserves
#168
Imports
#177
Exports
#177
Inflation Rate
#179
GDP (Nominal)
#185
GDP (PPP)
#185
Quick Facts
Industries
tourism, cotton, salt, copra, clothing, footwear, beverages
Agricultural products
coconuts, tropical fruits, root vegetables, vegetables, eggs, pulses, sweet potatoes, watermelons, cucumbers/gherkins, tomatoes (2023)
Exports - partners
Malta 49%, USA 21%, Turkey 7%, St. Vincent & the Grenadines 5%, Guyana 3% (2023)
Imports - partners
USA 50%, Italy 11%, China 8%, Japan 2%, UK 2% (2023)
Exchange rates
East Caribbean dollars (XCD) per US dollar -
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