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St. Kitts and Nevis
St. Kitts and Nevis
HistorySaid - pattern
St. Kitts and Nevis matched the Fiscal Dominance Trap pattern in 1981. 1 pattern matches detected historically. View →
Economy & Growth
GDP $1.1B
GDP per Capita $22,158
GDP Growth 1.72%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 1.40% | 1.29% | 1.39% | 1.39% Trend | 1.44% Trend | 1.49% Trend | - | - | - |
| GDP | $1.1B | $1.1B | $1.1B | $1.1B IMF WEO Oct 2025 | $1.2B IMF WEO Oct 2025 | $1.2B IMF WEO Oct 2025 | $1.3B IMF WEO Oct 2025 | $1.4B IMF WEO Oct 2025 | $1.4B IMF WEO Oct 2025 |
| GDP Deflator | 4.41% | 5.99% | 10.33% | 10.33% Trend | 13.45% Trend | 16.57% Trend | - | - | - |
| GDP Growth | 3.02% | 0.31% | 1.72% | 1.72% IMF WEO Oct 2025 | 2.16% IMF WEO Oct 2025 | 2.56% IMF WEO Oct 2025 | 2.63% IMF WEO Oct 2025 | 2.73% IMF WEO Oct 2025 | 2.57% IMF WEO Oct 2025 |
| GDP PPP | $1.6B | $1.6B | $1.8B | $1.8B IMF WEO Oct 2025 | $1.8B IMF WEO Oct 2025 | $1.9B IMF WEO Oct 2025 | $2.0B IMF WEO Oct 2025 | $2.1B IMF WEO Oct 2025 | $2.2B IMF WEO Oct 2025 |
| GDP per Capita | $22,577 | $23,961 | $22,158 | $22,158 IMF WEO Oct 2025 | $23,071 IMF WEO Oct 2025 | $24,113 IMF WEO Oct 2025 | $25,220 IMF WEO Oct 2025 | $26,426 IMF WEO Oct 2025 | $27,645 IMF WEO Oct 2025 |
| GDP per Capita PPP | $33,980 | $34,847 | $34,096 | $34,096 IMF WEO Oct 2025 | $35,401 IMF WEO Oct 2025 | $36,867 IMF WEO Oct 2025 | $38,401 IMF WEO Oct 2025 | $40,123 IMF WEO Oct 2025 | $41,904 IMF WEO Oct 2025 |
| GNI | $1.0B | $1.1B | $1.2B | $1.2B Trend | $1.2B Trend | $1.3B Trend | - | - | - |
| GNI per Capita | $21,840 | $22,470 | $23,461 | $23,461 Trend | $24,364 Trend | $25,267 Trend | - | - | - |
| Gross Savings | 15.45% | 12.57% | 12.46% | 12.46% IMF WEO Oct 2025 | 12.99% IMF WEO Oct 2025 | 13.42% IMF WEO Oct 2025 | 13.67% IMF WEO Oct 2025 | 13.99% IMF WEO Oct 2025 | 14.55% IMF WEO Oct 2025 |
| Industry Value Added | 21.33% | 20.85% | 20.18% | 20.18% Trend | 19.60% Trend | 19.02% Trend | - | - | - |
| Services Value Added | 65.47% | 66.13% | 66.50% | 66.50% Trend | 66.95% Trend | 67.40% Trend | - | - | - |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 1.70%
Consumer Price Index 112.75
PPP Conversion Factor 1.81
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 110.82 | - | 112.75 | 112.75 Trend | 114.47 Trend | - | - | - | - |
| Inflation Rate | 3.56% | 1.04% | 1.70% | 1.70% IMF WEO Oct 2025 | 2.10% IMF WEO Oct 2025 | 2.04% IMF WEO Oct 2025 | 2.04% IMF WEO Oct 2025 | 2.04% IMF WEO Oct 2025 | 2.04% IMF WEO Oct 2025 |
| PPP Conversion Factor | 1.79 | 1.86 | 1.81 | 1.81 Trend | 1.80 Trend | 1.80 Trend | - | - | - |
Italic values are IMF World Economic Outlook projections.
Population
Population 46,771
Population Growth 0.27%
Population Density 179.2
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 11.7 | - | 11.1 | 11.1 Trend | 10.9 Trend | - | - |
| Death Rate | 10.0 | - | 11.4 | 11.4 Trend | 11.5 Trend | - | - |
| Dependency Ratio | 40.91 | 41.67 | 41.92 | 41.92 Trend | 42.35 Trend | 42.78 Trend | - |
| Fertility Rate | 1.51 | - | 1.47 | 1.47 Trend | 1.45 Trend | - | - |
| Life Expectancy | 72.1 | - | 71.0 | 71.0 Trend | 71.1 Trend | - | - |
| Net Migration | 0 | -7 | 18 | - | 48 Trend | 69 Trend | 90 Trend |
| Population | 46,758 | 46,843 | 46,771 | 46,771 Trend | 46,765 Trend | 46,759 Trend | - |
| Population Density | 179.8 | - | 179.2 | 179.2 Trend | 179.0 Trend | - | - |
| Population Growth | 0.10% | 0.18% | 0.27% | 0.27% Trend | 0.37% Trend | 0.48% Trend | - |
| Refugee Population | - | - | - | - | - | - | - |
| Urban Population | 31.70% | 31.80% | 31.87% | 31.87% Trend | 31.95% Trend | 32.03% Trend | - |
Italic values are IMF World Economic Outlook projections.
Employment
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Government
Tax Revenue 15.04%
Government Spending 26.75%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -0.28% | -10.99% | -12.15% | -12.15% IMF WEO Oct 2025 | -8.19% IMF WEO Oct 2025 | -6.89% IMF WEO Oct 2025 | -7.00% IMF WEO Oct 2025 | -7.11% IMF WEO Oct 2025 | -7.21% IMF WEO Oct 2025 |
| Government Debt to GDP | 55.72% | 53.82% | 61.90% | 61.90% IMF WEO Oct 2025 | 67.54% IMF WEO Oct 2025 | 71.43% IMF WEO Oct 2025 | 75.20% IMF WEO Oct 2025 | 78.85% IMF WEO Oct 2025 | 82.54% IMF WEO Oct 2025 |
| Government Revenue | 42.87% | 32.17% | 28.38% | 28.38% IMF WEO Oct 2025 | 31.58% IMF WEO Oct 2025 | 33.08% IMF WEO Oct 2025 | 33.08% IMF WEO Oct 2025 | 33.08% IMF WEO Oct 2025 | 33.08% IMF WEO Oct 2025 |
| Government Spending | - | - | - | - | - | - | - | - | - |
| Health Spending | 5.74% | - | 6.04% | 6.04% Trend | 6.13% Trend | - | - | - | - |
| Military Spending | - | - | - | - | - | - | - | - | - |
| Tax Revenue | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Debt
▾
| Indicator | 2016 | 2017 | 2020 |
|---|---|---|---|
| Debt Service | - | - | - |
| Domestic Credit | - | - | - |
| External Debt | - | - | - |
| External Debt to GNI | - | - | - |
| Interest Payments to Revenue | 21.05% | 4.88% | 2.66% |
| Short-term Debt | - | - | - |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 6.14%
Deposit Rate 1.97%
Real Interest Rate -4.65%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 61.71% | 63.71% | 63.02% | 63.02% Trend | 62.81% Trend | 62.60% Trend |
| Deposit Rate | 2.00% | 2.10% | 1.97% | 1.97% Trend | 1.92% Trend | 1.87% Trend |
| Lending Rate | 6.67% | 6.46% | 6.14% | 6.14% Trend | 5.85% Trend | 5.57% Trend |
| M2 Money Supply Growth | -1.85% | 2.49% | 4.18% | 4.18% Trend | 5.23% Trend | 6.28% Trend |
| Non-Performing Loans | 19.42% | - | 17.57% | 17.57% Trend | 16.48% Trend | - |
| Real Interest Rate | 2.16% | 0.45% | -4.65% | -4.65% Trend | -8.27% Trend | -11.89% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 2.70
Real Effective Exchange Rate 90.05
Foreign Reserves $254.5M
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 2.70 | 2.70 | 2.70 | 2.70 Trend | 2.70 Trend | 2.70 Trend |
| Foreign Reserves | $286.1M | $294.7M | $254.5M | $254.5M Trend | $233.6M Trend | $212.7M Trend |
| Real Effective Exchange Rate | 92.00 | 90.05 | - | 88.29 Trend | 86.65 Trend | 85.00 Trend |
| Reserves in Months of Imports | 4.7 | 5.0 | 2.9 | 2.9 Trend | 1.6 Trend | 0.3 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $620.2M
Imports $757.5M
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -11.59% | -15.08% | -14.54% | -14.54% IMF WEO Oct 2025 | -14.01% IMF WEO Oct 2025 | -13.59% IMF WEO Oct 2025 | -13.33% IMF WEO Oct 2025 | -13.01% IMF WEO Oct 2025 | -12.45% IMF WEO Oct 2025 |
| Exports | $579.6M | $504.4M | $620.2M | $620.2M Trend | $668.1M Trend | $716.0M Trend | - | - | - |
| FDI Inflows | 2.83% | 3.75% | 4.90% | 4.90% Trend | 5.64% Trend | 6.39% Trend | - | - | - |
| FDI Outflows | -0.12% | 0.80% | 0.43% | 0.43% Trend | 0.66% Trend | 0.90% Trend | - | - | - |
| Imports | $669.2M | $642.9M | $757.5M | $757.5M Trend | $826.2M Trend | $894.9M Trend | - | - | - |
| Remittances Received | $37.2M | $38.7M | $40.8M | $40.8M Trend | $42.2M Trend | $43.7M Trend | - | - | - |
| Tourism Receipts | - | - | - | - | - | - | - | - | - |
| Trade Balance | - | - | - | - | - | - | - | - | - |
| Trade Openness | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Financial Markets
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | 4.67% | 4.37% | 4.17% | 4.17% Trend | 3.93% Trend | 3.70% Trend |
| Listed Companies | - | - | - | - | - | - |
| Market Capitalization | - | - | - | - | - | - |
| Stock Turnover Ratio | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 1.07
Government Effectiveness 0.27
Regulatory Quality 0.61
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| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | 0.39 | 0.41 | 0.45 | 0.45 Trend | 0.47 Trend |
| Government Effectiveness | 0.39 | 0.38 | 0.27 | 0.27 Trend | 0.22 Trend |
| Political Stability | 0.94 | 0.92 | 1.07 | 1.07 Trend | 1.12 Trend |
| Regulatory Quality | 0.58 | 0.54 | 0.61 | 0.61 Trend | 0.62 Trend |
| Rule of Law | 0.50 | 0.48 | 0.51 | 0.51 Trend | 0.52 Trend |
| Voice and Accountability | 0.77 | 0.77 | 0.74 | 0.74 Trend | 0.73 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $1,270
Infant Mortality Rate 13.5
Maternal Mortality Ratio 95.20
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $1,161 | $1,295 | $1,270 | $1,270 Trend | $1,294 Trend |
| Hospital Beds | 3.98 | 3.98 | 3.74 | 3.74 Trend | 3.61 Trend |
| Infant Mortality Rate | 14.7 | 14.3 | 13.5 | 13.5 Trend | 13.1 Trend |
| Maternal Mortality Ratio | 99.00 | 74.00 | 95.20 | 95.20 Trend | 97.10 Trend |
| Physicians | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Education
Tertiary Enrollment 93.92%
Education Spending 3.93%
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Education Spending | 3.56% | 3.50% | 3.93% | 3.93% Trend | 4.13% Trend |
| Literacy Rate | - | - | - | - | - |
| Primary Completion Rate | - | 124.31% | 146.12% | 146.12% Trend | 151.01% Trend |
| Primary Enrollment | 127.69% | 121.12% | 121.90% | 121.90% Trend | 120.05% Trend |
| Secondary Enrollment | 119.88% | 137.51% | 140.64% | 140.64% Trend | 145.23% Trend |
| Tertiary Enrollment | - | - | - | - | - |
| Youth Literacy Rate | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 1.81%
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | - | - | - | - | - |
| CO2 per Capita | - | - | - | - | - |
| Electricity Access | 100.00% | 100.00% | 100.00% | 100.00% Trend | 100.00% Trend |
| Energy Use per Capita | - | - | - | - | - |
| Forest Area | 42.31% | 42.31% | 42.31% | 42.31% Trend | 42.31% Trend |
| Renewable Energy | 1.50% | - | 1.81% | 1.81% Trend | - |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 80.93%
Mobile Subscriptions 103.27
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| High-tech Exports | - | - | - | - | - |
| Internet Users | 75.56% | 76.42% | 80.93% | 80.93% Trend | 82.87% Trend |
| Mobile Subscriptions | 116.92 | 118.89 | 103.27 | 103.27 Trend | 97.62 Trend |
| Patent Applications | - | - | - | - | - |
| R&D Spending | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Inequality
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Data & analysis
Real GDP growth (%)
| 2023 | 4.30 |
| 2024 | 1.54 |
| 2025 | 1.96 |
| 2026 | 2.20 |
| 2027 | 2.56 |
| 2028 | 2.63 |
| 2029 | 2.73 |
| 2030 | 2.57 |
CPI inflation (%)
| 2023 | 3.56 |
| 2024 | 1.04 |
| 2025 | 1.75 |
| 2026 | 2.04 |
| 2027 | 2.04 |
| 2028 | 2.04 |
| 2029 | 2.04 |
| 2030 | 2.04 |
Unemployment rate (%)
| 2023 | 0.00 |
| 2024 | 0.00 |
| 2025 | 0.00 |
| 2026 | 0.00 |
| 2027 | 0.00 |
| 2028 | 0.00 |
| 2029 | 0.00 |
| 2030 | 0.00 |
Source: IMF World Economic Outlook via DBnomics
St. Kitts and Nevis, a high-income Caribbean nation, presents a macroeconomic narrative of deceleration following a sharp post-pandemic rebound. After real GDP growth of 4.30 percent in 2023, the economy slowed markedly to 1.54 percent in 2024, with the IMF projecting a gradual recovery to 2.73 percent by 2029. This trajectory indicates a stabilization phase rather than a crisis, as inflation collapsed from 3.56 percent in 2023 to 1.04 percent in 2024, settling near 2.04 percent through 2030. The country’s historical significance is underscored by its #1 GDP (1962) global ranking, reflecting a bygone era of outsized relative economic output. The current data suggests a small, open economy normalizing after volatile tourism and investment cycles. A sustained shift toward higher growth would require diversification beyond traditional sectors, such as expanding services or attracting resilient foreign direct investment, to prevent the projected plateau near 2.5 percent.