Ludwig von Mises Institute

Saint Kitts and Nevis

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Country summary

Capital

Basseterre

Borders

(N/A)

Government type

parliamentary democracy and a Commonwealth realm

Population

40,131 (July 2010 est.)[1]

Population growth

0.847% (2010 est.)[1]

Life expectancy

73.2 years[1]

Unemployment

4.5% (1997)[1]


Carib Indians occupied the islands for hundreds of years before the British began settlement in 1623. The islands became an associated state of the UK with full internal autonomy in 1967. The island of Anguilla rebelled and was allowed to secede in 1971. Saint Kitts and Nevis achieved independence in 1983. In 1998, a vote in Nevis on a referendum to separate from Saint Kitts fell short of the two-thirds majority needed. Nevis continues in its efforts to separate from Saint Kitts.[1]

Economical characteristics[edit]

  • Currency: East Caribbean dollar (ISO code: XCD)
  • This country does not seem to have a central bank.
  • Central bank discount rate: 6.5% (31 December 2008)[1]
  • Commercial banks lending rate: 8.69% (31 December 2008)[1]
  • Stock of money (M1): $107.2 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $680.6 million (31 December 2008)[1]


Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[2] 305 326 343 351 363 400 439 489 512 543
Govt. debt (% of GDP)[3] 95.818
Govt. revenue (% of GDP)[4] 38.078 29.785
Govt. expenses (% of GDP)[5] 36.864 30.240
Debt to revenue (years) 3.217

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Saint Kitts and Nevis", from The World Factbook. Referenced 2010-09-30.
  2. ↑ World Bank. "Saint Kitts and Nevis: GDP", from World Bank Data. Referenced 2010-09-30.
  3. ↑ World Bank. "Saint Kitts and Nevis: government debt", from World Bank Data. Referenced 2010-09-30.
  4. ↑ World Bank. "Saint Kitts and Nevis: government revenue", from World Bank Data. Referenced 2010-09-30.
  5. ↑ World Bank. "Saint Kitts and Nevis: government expenses", from World Bank Data. Referenced 2010-09-30.

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