Compare Saint Kitts and Nevis (2008) - Saint Kitts and Nevis (2007)

Compare Saint Kitts and Nevis (2008) z Saint Kitts and Nevis (2007)

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	Saint Kitts and Nevis (2008)	Saint Kitts and Nevis (2007)

Economic aid - recipient	$3.52 million (2005)	$NA (2005)
Economy - overview	Sugar was the traditional mainstay of the Saint Kitts economy until the 1970s. Following the 2005 harvest, the government closed the sugar industry after decades of losses of 3-4% of GDP annually. To compensate for employment losses, the government has embarked on a program to diversify the agricultural sector and to stimulate other sectors of the economy. Activities such as tourism, export-oriented manufacturing, and offshore banking have assumed larger roles in the economy and have contributed to the recent robust growth. Tourism revenues are now the chief source of the islands' foreign exchange; about 341,800 tourists visited Nevis in 2005. The current government is constrained by a high debt burden, public debt reached 190% of GDP by the end of 2005, largely attributable to public enterprise losses.	Sugar was the traditional mainstay of the Saint Kitts economy until the 1970s. The government closed the sugar industry following the 2005 harvest after decades of losses at the state-run sugar company. To compensate, the government has embarked on a program to diversify the agricultural sector and to stimulate other sectors of the economy. Activities such as tourism, export-oriented manufacturing, and offshore banking have assumed larger roles in the economy. Tourism revenues are now the chief source of the islands' foreign exchange; about 341,800 tourists visited Nevis in 2005. Additional tourist facilities, including a second cruise ship pier, hotels, and golf courses are under construction.
Exchange rates	East Caribbean dollars per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003)	East Caribbean dollars per US dollar - 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002)
Exports	0 bbl/day (2004)	NA bbl/day
Exports - partners	US 62%, Canada 9.4%, Netherlands 6.6%, Azerbaijan 5% (2006)	US 61.9%, Canada 9.4%, Netherlands 6.6%, Azerbaijan 5% (2006)
GDP - real growth rate	6% (2007 est.)	4.9% (2005 est.)
Imports	871.6 bbl/day (2004)	NA bbl/day
Imports - partners	US 48.9%, Trinidad and Tobago 13.1%, Spain 4.6%, UK 4.5% (2006)	US 49.5%, Trinidad and Tobago 13.3%, UK 4.5% (2006)
Telephone system	general assessment: good inter-island and international connections domestic: inter-island links via Eastern Caribbean Fiber Optic cable; construction of enhanced wireless infrastructure launched in November 2004 international: country code - 1-869; with the East Caribbean Fiber Optic System (ECFS) and Southern Caribbean fiber optic system (SCF) submarine cables providing connectivity, international calls are carried either by submarine cable or Intelsat	general assessment: good inter-island and international connections domestic: inter-island links via Eastern Caribbean Fiber Optic cable; construction of enhanced wireless infrastructure launched in November 2004 international: country code - 1-869; international calls are carried by submarine cable or Intelsat

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