Saint Kitts and Nevis

Includes historical data for St. Kitts and Nevis’ Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Offshore Finance And Tourism Power Economy

Officially known as the Federation of Saint Christopher and Nevis, this country of just about 60,000 people in the West Indies consists of the two islands of Saint Kitts and Nevis. A former British colony and now a Commonwealth member, this nation of just 60,000 is a member of the Caribbean Community (CARICOM) and the Organization of Eastern Caribbean States (OECS).

Tourism, contributing over 60% of GDP, alongside offshore finance, service industries, and light manufacturing, form the backbone of the nation’s economy. Recent government initiatives have also aimed to diversify the economy by encouraging investment in energy transition ventures, information technology and the real estate sector, among others. Adding to the strengths, Saint Kitts and Nevis boasts a young and educated labor force.

However, unemployment and underemployment rates, resulting in talent drain, are significant concerns. Additionally, climate change risks, infrastructure deficiencies and limited access to financing hinder economic progress and restrict investment and entrepreneurship opportunities.

Macroeconomy & Sovereign Data

Type of Government	Federal parliamentary democracy under a constitutional monarchy; a Commonwealth realm
Capital	Basseterre
Sovereign Ratings	S&P: Not rated Moody’s: Not rated Fitch: Not rated
Total Population	48,000
Median Age	35.2
Adult Per Capita Income (PPP)	39,283.91
Total GDP (2023)	1.1 billion

St. Kitts and Nevis GDP & Economic Overview

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