[ Nominal GDP in billions of USD ]
Year -
$1.12 billions
St. Kitts and Nevis GDP expanded from 1960 to 2024, increasing from $0.01 billion to $1.12 billion.The compound annual growth rate (CAGR) averaged 7.65% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 50%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 1.12 Billions | $ 1.63 Int Billions |
| Growth (YoY) | 6.322% | 2.738% |
| Net Change vs Previous Year | $ 0.07 Billion | $ 0.04 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.01 | - | - | - | - | - |
| 1961 | 0.01 | 0 | 0.943 % | - | - | - |
| 1962 | 0.01 | 0 | 0.467 % | - | - | - |
| 1963 | 0.01 | 0 | 2.326 % | - | - | - |
| 1964 | 0.01 | 0 | 4.545 % | - | - | - |
| 1965 | 0.01 | 0 | 1.321 % | - | - | - |
| 1966 | 0.01 | 0 | 6.438 % | - | - | - |
| 1967 | 0.02 | 0 | 15.711 % | - | - | - |
| 1968 | 0.01 | 0 | -12.796 % | - | - | - |
| 1969 | 0.02 | 0 | 8.562 % | - | - | - |
| 1970 | 0.02 | 0 | 2.839 % | - | - | - |
| 1971 | 0.02 | 0 | 20.397 % | - | - | - |
| 1972 | 0.02 | 0 | 16.918 % | - | - | - |
| 1973 | 0.02 | 0 | 5.453 % | - | - | - |
| 1974 | 0.03 | 0.01 | 30.248 % | - | - | - |
| 1975 | 0.03 | 0 | 5.868 % | - | - | - |
| 1976 | 0.03 | 0 | -9.796 % | - | - | - |
| 1977 | 0.04 | 0.01 | 47.85 % | - | - | - |
| 1978 | 0.05 | 0 | 11.095 % | - | - | - |
| 1979 | 0.06 | 0.01 | 19.03 % | - | - | - |
| 1980 | 0.07 | 0.01 | 16.347 % | - | - | - |
| 1981 | 0.08 | 0.01 | 18.156 % | - | - | - |
| 1982 | 0.09 | 0.01 | 6.346 % | - | - | - |
| 1983 | 0.09 | 0 | 0.99 % | - | - | - |
| 1984 | 0.1 | 0.01 | 13.502 % | - | - | - |
| 1985 | 0.11 | 0.01 | 12.579 % | - | - | - |
| 1986 | 0.13 | 0.02 | 17.727 % | - | - | - |
| 1987 | 0.15 | 0.02 | 13.057 % | - | - | - |
| 1988 | 0.17 | 0.02 | 16.883 % | - | - | - |
| 1989 | 0.19 | 0.02 | 11.48 % | - | - | - |
| 1990 | 0.22 | 0.02 | 12.851 % | 0.36 | - | - |
| 1991 | 0.22 | 0 | 1.51 % | 0.37 | 0.01 | 1.454 % |
| 1992 | 0.24 | 0.02 | 9.792 % | 0.39 | 0.02 | 6.645 % |
| 1993 | 0.26 | 0.02 | 8.928 % | 0.43 | 0.04 | 9.334 % |
| 1994 | 0.3 | 0.03 | 11.906 % | 0.46 | 0.03 | 7.55 % |
| 1995 | 0.31 | 0.02 | 6.209 % | 0.5 | 0.04 | 7.593 % |
| 1996 | 0.33 | 0.02 | 6.526 % | 0.54 | 0.04 | 7.781 % |
| 1997 | 0.37 | 0.04 | 12.187 % | 0.58 | 0.05 | 8.666 % |
| 1998 | 0.38 | 0.01 | 2.3 % | 0.59 | 0 | 0.632 % |
| 1999 | 0.41 | 0.02 | 6.089 % | 0.61 | 0.03 | 4.681 % |
| 2000 | 0.42 | 0.02 | 3.714 % | 0.69 | 0.08 | 12.535 % |
| 2001 | 0.46 | 0.04 | 8.762 % | 0.74 | 0.05 | 7.623 % |
| 2002 | 0.48 | 0.02 | 4.891 % | 0.76 | 0.02 | 2.943 % |
| 2003 | 0.47 | -0.01 | -2.33 % | 0.75 | -0.02 | -2.037 % |
| 2004 | 0.51 | 0.04 | 7.881 % | 0.8 | 0.05 | 6.793 % |
| 2005 | 0.55 | 0.04 | 7.951 % | 0.91 | 0.11 | 13.173 % |
| 2006 | 0.64 | 0.1 | 17.765 % | 0.96 | 0.06 | 6.331 % |
| 2007 | 0.69 | 0.04 | 6.963 % | 0.99 | 0.03 | 3.326 % |
| 2008 | 0.78 | 0.09 | 12.826 % | 1.13 | 0.13 | 13.462 % |
| 2009 | 0.77 | 0 | -0.44 % | 1.1 | -0.03 | -2.809 % |
| 2010 | 0.78 | 0 | 0.574 % | 1.11 | 0.01 | 1.16 % |
| 2011 | 0.84 | 0.06 | 7.368 % | 1.15 | 0.04 | 3.713 % |
| 2012 | 0.82 | -0.01 | -1.376 % | 1.1 | -0.05 | -4.15 % |
| 2013 | 0.87 | 0.05 | 6.059 % | 1.16 | 0.06 | 5.053 % |
| 2014 | 0.95 | 0.08 | 8.869 % | 1.26 | 0.1 | 8.701 % |
| 2015 | 0.96 | 0.01 | 0.537 % | 1.27 | 0.01 | 0.451 % |
| 2016 | 1.01 | 0.05 | 5.181 % | 1.33 | 0.06 | 4.949 % |
| 2017 | 1.06 | 0.05 | 4.982 % | 1.39 | 0.06 | 4.778 % |
| 2018 | 1.08 | 0.02 | 1.852 % | 1.45 | 0.06 | 4.019 % |
| 2019 | 1.11 | 0.03 | 2.908 % | 1.53 | 0.08 | 5.353 % |
| 2020 | 0.88 | -0.22 | -20.213 % | 1.28 | -0.24 | -16.02 % |
| 2021 | 0.86 | -0.03 | -2.862 % | 1.26 | -0.02 | -1.796 % |
| 2022 | 0.98 | 0.12 | 14.303 % | 1.49 | 0.23 | 18.357 % |
| 2023 | 1.06 | 0.07 | 7.563 % | 1.59 | 0.1 | 6.728 % |
| 2024 | 1.12 | 0.07 | 6.322 % | 1.63 | 0.04 | 2.738 % |
Between 1960 to 2024, St. Kitts and Nevis experienced the following economic phases:
The most remarkable growth occurred in 1977 with an increase of 47.85%, while the largest decline was in 2020 at -20.213%.