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ECON FACTBOOK

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Economy of Saint Kitts and Nevis

Population: 54 thousand in 20131

GDP: $743 million in 20132

GDP per capita: $14,133 nominal3 ($20,929 PPP4) in 2013

GDP growth rate: 4.2% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities31248.4%
Wholesale, retail trade, restaurants and hotels8413.0%
Transport, storage and communication8312.9%
Construction8312.8%
Manufacturing629.6%
Agriculture, hunting, forestry, fishing111.7%
Mining and utilities101.6%
Total value added644100%

Employment

Unemployment rate: 4.5% in 19957

Employment by Industry

N/A

Corporations

Top 10 Corporations by Revenue 20138

N/A

Households

Household Wealth: $1 billion (135% of GDP) in 20149

Household Wealth per Adult: $24,224 in 20149

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $222 million (30% of GDP) in 201310

Central Government Expenditure: $185 million (25% of GDP) in 201310

Central Government Budget Balance: +$37 million (+5% of GDP) in 201310

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 201011

Corporate Tax Rate: 35% in 201012

Monetary Policy

Money Supply (M1, Organization of Eastern Caribbean States): $1.13 billion in Oct 2014* 13

Benchmark Interest Rate (Organization of Eastern Caribbean States): N/A

Total Reserves: $301 million (41% of GDP) in 201314

Exchange Rate: 2.70 East Carribean Dollar = 1 U.S. Dollar on Feb 25, 201515

Inflation: 0.7% in 201316

* Money supply calculated using the exchange rate 2.70 XCD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201317

N/A (data not available at Relbanks.com)

International Accounts

Exports: $57 million (8% of GDP) in 201318

Imports: $355 million (48% of GDP) in 201318

Trade Balance: -$298 million (-40% of GDP) in 201318

Foreign Direct Investment Inflow: $110 million (15% of GDP) in 201319

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $22 million (3% of GDP) in 201220

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: CIA World Factbook (Unemployment rate) Go back
8. Source: Annual reports (Corporate data) Go back
9. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
10. Source: CIA World Factbook (Government budget) Go back
11. Source: Lex Mundi, Guides to Doing Business (Individual tax rates) Go back
12. Source: Tax Foundation (Corporate tax rate) Go back
13. Source: Eastern Caribbean Central Bank, Statistics, Central Bank Survey (Money supply) Go back
14. Source: World Bank Indicators (Total reserves) Go back
15. Source: xe.com (Exchange rate) Go back
16. Source: World Bank Indicators (Inflation rate) Go back
17. Source: Relbanks.com (Financial institutions by assets) Go back
18. Source: CIA World Factbook (Trade data) Go back
19. Source: World Bank Indicators (FDI data) Go back
20. Source: World Bank Indicators (Aid data) Go back