Economy Saint Kitts and Nevis
Economy - overview: Sugar was the traditional mainstay of the St. 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. As tourism revenues are now the chief source of the islands' foreign exchange, a decline in stopover tourist arrivals following the September 11 terrorist attacks has eroded government finances. The government revised estimates of 2001 growth down to 1% and faces dim recovery prospects in 2002, given the depressed state of the tourism industry, low sugar prices, and a growing budget deficit.
GDP: purchasing power parity - $339 million (2001 est.)
GDP - real growth rate: 1% (2001 est.)
GDP - per capita: purchasing power parity - $8,700 (2001 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%
Inflation rate (consumer prices): 1.7% (2001 est.)
Labor force: 18,172 (June 1995)