Saint Kitts and Nevis's GDP changed from approximately $58M in 1980 to $1B 134M in 2024, showing an overall 1855.2% sharply increased during the period.
The lowest GDP was recorded in 1980 at $58M, and the highest in 2024 at $1B 134M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.0%.
For comparison, the average annual growth rate of Saint Vincent and the Grenadines was 5.9%, and that of Saint Lucia was 6.4%.
Overview of Saint Kitts and Nevis's GDP (1980–2024)
The Gross Domestic Product (GDP) of Saint Kitts and Nevis recorded a 1855.2% sharply increased from 1980 to 2024.
The average GDP during this period was $535M 177K, and the median was $469M.
GDP fluctuated within a range of $1B 76M, with a standard deviation of $355M 816K.
The average annual change was $26M 521K.
Saint Kitts and Nevis GDP from 1980 to 2024
The total market value of goods and services produced annually in Saint Kitts and Nevis.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
Highest and Lowest GDP Records
- Lowest GDP: 1980, $58M
- Highest GDP: 2024, $1B 134M
- Most Recent GDP: 2024, $1B 134M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Saint Kitts and Nevis's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $1B 107M → $884M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $689M → $774M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $421M → $458M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $351M → $366M
- Outcome: increased
Key Economic Indicators of Saint Kitts and Nevis (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 58M | $ 1,342.10 | $ 3,015.99 | $ 130M | 1.278 % | 0 % | 0 % | 0 % | 43,000 people |
1981 | $ 69M | $ 1,610.66 | $ 3,401.90 | $ 146M | 2.702 % | 0 % | 0 % | 0 % | 43,000 people |
1982 | $ 79M | $ 1,845.83 | $ 3,847.14 | $ 165M | 6.112 % | 0 % | 0 % | 0 % | 43,000 people |
1983 | $ 78M | $ 1,827.17 | $ 3,933.25 | $ 168M | -2.058 % | 0 % | 0 % | 0 % | 43,000 people |
1984 | $ 91M | $ 2,140.45 | $ 4,491.79 | $ 190M | 9.651 % | 0 % | 0 % | 0 % | 42,000 people |
1985 | $ 101M | $ 2,398.65 | $ 4,959.74 | $ 209M | 6.437 % | 0 % | 0 % | 0 % | 42,000 people |
1986 | $ 119M | $ 2,838.19 | $ 5,540.50 | $ 232M | 8.842 % | 0 % | 0 % | 0 % | 42,000 people |
1987 | $ 136M | $ 3,268.04 | $ 6,187.44 | $ 258M | 8.268 % | 0 % | 0 % | 0 % | 42,000 people |
1988 | $ 161M | $ 3,900.91 | $ 7,119.45 | $ 294M | 10.353 % | 0 % | 0 % | 0 % | 41,000 people |
1989 | $ 179M | $ 4,377.77 | $ 7,906.49 | $ 324M | 6.013 % | 0 % | 0 % | 0 % | 41,000 people |
1990 | $ 203M | $ 4,994.09 | $ 8,725.55 | $ 355M | 5.454 % | 0 % | 0 % | 2.92 % | 41,000 people |
1991 | $ 201M | $ 4,969.99 | $ 9,246.87 | $ 375M | 2.27 % | 0 % | 0 % | 3.216 % | 41,000 people |
1992 | $ 223M | $ 5,447.66 | $ 9,663.32 | $ 395M | 3.077 % | 0 % | 0 % | 2.693 % | 41,000 people |
1993 | $ 243M | $ 5,861.98 | $ 10,290.70 | $ 427M | 5.418 % | 0 % | 0 % | 2.286 % | 41,000 people |
1994 | $ 272M | $ 6,464.27 | $ 10,932.36 | $ 459M | 5.404 % | 0 % | 0 % | 2.878 % | 42,000 people |
1995 | $ 293M | $ 6,874.43 | $ 11,398.93 | $ 485M | 3.462 % | 0 % | 0 % | 2.684 % | 43,000 people |
1996 | $ 312M | $ 7,241.09 | $ 12,135.84 | $ 523M | 5.897 % | 0 % | 0 % | -0.586 % | 43,000 people |
1997 | $ 351M | $ 8,045.30 | $ 13,080.27 | $ 571M | 7.327 % | 0 % | 0 % | -0.752 % | 44,000 people |
1998 | $ 366M | $ 8,276.95 | $ 13,188.97 | $ 583M | 1.024 % | 0 % | 0 % | -3.146 % | 44,000 people |
1999 | $ 389M | $ 8,670.44 | $ 13,718.48 | $ 615M | 3.943 % | 0 % | 0 % | -8.587 % | 45,000 people |
