Kittitian, Nevisian Economy, Saint Kitts and Nevis Economy
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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. The opening of a 470-room resort in February 2003 was expected to bring in much-needed revenue.
GDP: NA
GDP - real growth rate: -1.9% (2002 est.)
GDP - per capita: Purchasing power parity - $8,800 (2002 est.)
GDP - composition by sector: Agriculture: 3.5% industry: 25.8% services: 70.7% (2001)
Population below poverty line: NA%
Household income or consumption by percentage share: Lowest 10%: NA highest 10%: NA
Distribution of family income - Gini index:
Inflation rate (consumer prices):
Labor force: 18,170 (June 1995)
Labor force - by occupation: NA
Unemployment rate: 4.5% (1997)
Budget: Revenues: $89.7 million expenditures: $128.2 million, including capital expenditures of $19.5 million (2003 est.)
Industries: Sugar processing, tourism, cotton, salt, copra, clothing, footwear, beverages
Industrial production growth rate: NA%
Electricity - production: 105.8 million kWh (2002)
Electricity - production by source:
Electricity - consumption: 98.44 million kWh (2002)
Electricity - exports: 0 kWh (2002)
Electricity - imports: 0 kWh (2002)
Oil - production: 0 bbl/day (2001 est.)
Oil - consumption: 710 bbl/day (2001 est.)
Oil - exports: NA
Oil - imports: NA
Oil - proved reserves:
Natural gas - production:
Natural gas - consumption:
Natural gas - exports:
Natural gas - imports:
Natural gas - proved reserves:
Agriculture - products: Sugarcane, rice, yams, vegetables, bananas; fish
Exports: $70 million (2002 est.)
Exports - commodities: Machinery, food, electronics, beverages, tobacco
Exports - partners: US 57.5%, Canada 9%, Portugal 8.3%, UK 6.7% (2004)
Imports: $195 million (2002 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:
Currency code:
Exchange rates: East Caribbean dollars per US dollar - 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000)
Fiscal year: Calendar year
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The information here has been derived from Public Domain Sources such as the CIA World Factbook. No liability can be taken for any inaccuracies.
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