St. Kitts and Nevis Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
St. Kitts and Nevis's budget deficit was -12.15% in 2025, ranked 181st globally. This represents a 10.6% decrease from 2024. Data from IMF WEO, covering 1980–2025.
Overview
St. Kitts and Nevis's budget deficit stood at -12.15% in 2025, a decline of +1.16% from 2024. The IMF projects -12.15% by 2025. St. Kitts and Nevis ranked 181st globally.
St. Kitts and Nevis has experienced significant fluctuations in its budget deficit over the past four decades, with the latest available data from the IMF World Economic Outlook (2025) showing a deficit of -12.15, ranking 181 globally. The country's budget deficit has historically been volatile, with the all-time peak of 10.93 in 2013 and the all-time trough of -15.23 in 1987. This variation is comparable to that of Algeria, which had a deficit of -11.54 in 2025. The period from 1980 to 1987 saw a decline in the deficit, reaching its lowest point in 1987, while the subsequent period saw an increase, culminating in the peak in 2013. The country's budget deficit is expected to remain a concern, and a significant increase in revenues or a reduction in expenditure would be required to alter the current trajectory.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -7.21% | - | - |
| 2029* IMF | -7.11% | - | - |
| 2028* IMF | -7.00% | - | - |
| 2027* IMF | -6.89% | - | - |
| 2026* IMF | -8.19% | - | - |
| 2025* IMF | -12.15% | - | - |
| 2025 | -12.15% | −1.16% | #181 |
| 2024 | -10.99% | −10.72% | #9 |
| 2023 | -0.28% | +3.88% | #148 |
| 2022 | -4.16% | −9.57% | #68 |
| 2021 | 5.41% | +8.46% | #187 |
| 2020 | -3.06% | −2.36% | #147 |
| 2019 | -0.70% | −2.50% | #118 |
| 2018 | 1.80% | +0.12% | #159 |
| 2017 | 1.68% | −2.08% | #171 |
| 2016 | 3.77% | −1.89% | #180 |
| 2015 | 5.66% | −2.86% | #183 |
| 2014 | 8.52% | −2.41% | #185 |
| 2013 | 10.93% | +6.61% | #185 |
| 2012 | 4.32% | +2.72% | #171 |
| 2011 | 1.60% | +5.74% | #162 |
Detected Pattern
Analysis
St. Kitts and Nevis matched the Fiscal Dominance Trap pattern in 1981. Historically, 72% of countries showing this pattern (278 out of 386) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
St. Kitts and Nevis's budget deficit was -12.15% in 2025. Ranked 181st globally. This represents a 10.6% decrease from the previous year.
St. Kitts and Nevis's budget deficit peaked at 10.93% in 2013.
The lowest budget deficit in St. Kitts and Nevis was -15.23% in 1987.
St. Kitts and Nevis ranks 181st globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
St. Kitts and Nevis's budget deficit is projected to reach -12.15% by 2025 based on IMF projection.
The budget deficit of St. Kitts and Nevis in 2025 was -12.15%. This ranks 181st in the world.
Cite this page
@misc{historysaid_st-kitts-and-nevis_budget-deficit,
title = {St. Kitts and Nevis Budget Deficit},
url = {https://historysaid.com/st-kitts-and-nevis/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}