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ECONOMY_28SAINT_KITTS_AND_NEVI
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<HEAD>
<TITLE>
WorldFact.guide/Economy (Saint Kitts and Nevis)</TITLE>
</HEAD>
<BODY>
<PRE>
Economy (Saint Kitts and Nevis)
===============================
Overview:
The economy has historically depended on the growing and processing of
sugarcane and on remittances from overseas workers. In recent years, tourism
and export-oriented manufacturing have assumed larger roles.
GDP:
exchange rate conversion - $146.6 million, per capita $3,650; real growth
rate 2.1% (1990)
Inflation rate (consumer prices):
4.2% (1990)
Unemployment rate:
15% (1989)
Budget:
revenues $38.1 million; expenditures $68 million, including capital
expenditures of $31.5 million (1991)
Exports:
$24.6 million (f.o.b., 1990)
commodities:
sugar, clothing, electronics, postage stamps
partners:
US 53%, UK 22%, Trinidad and Tobago 5%, OECS 5% (1988)
Imports:
$103.2 million (f.o.b., 1990)
commodities:
foodstuffs, intermediate manufactures, machinery, fuels
partners:
US 36%, UK 17%, Trinidad and Tobago 6%, Canada 3%, Japan 3%, OECS 4% (1988)
External debt:
$26.4 million (1988)
Industrial production:
growth rate 11.8% (1988 est.); accounts for 17% of GDP
Electricity:
15,800 kW capacity; 45 million kWh produced, 1,117 kWh per capita (1991)
Industries:
sugar processing, tourism, cotton, salt, copra, clothing, footwear,
beverages
Agriculture:
cash crop - sugarcane; subsistence crops - rice, yams, vegetables, bananas;
fishing potential not fully exploited; most food imported
Economic aid:
US commitments, including Ex-Im (FY85-88), $10.7 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $67 million
Currency:
East Caribbean dollar (plural - dollars); 1 EC dollar (EC$) = 100 cents
Exchange rates:
East Caribbean dollars (EC$) per US$1 - 2.70 (fixed rate since 1976)
Fiscal year:
calendar year
</PRE>
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<address>
converted with guide2html by <a href="http://www-users.informatik.rwth-aachen.de/~ruebe/ich.html">Kochtopf</a></address>
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