Saint Kitts and Nevis Economics and Business

The business policy of Saint Kitts and Nevis, abbreviated as SKN by abbreviationfinder.org, aimed to make the country less dependent on sugar through a commitment to light industry and tourism. Agriculture is an important trade route. Sugar has traditionally been the most important sales product from agriculture. In recent years, the authorities have worked to differentiate agricultural production. Coconuts, cotton, yams, sweet potatoes, onions, peppers, peanuts (peanuts), bananas, etc. are now being cultivated. Fishing has become increasingly important. In addition to the sugar industry (raw sugar, ethanol), electrical components, food, beer and other beverages are manufactured.

Saint Kitts and Nevis GDP (Nominal, $USD) 2003-2017

Note: the capital city of Saint Kitts and Nevis is Basseterre (in Saint Kitts, with suburbs) with a population of 14,100 (2014). Other major cities include Charlestown (on Nevis) with a population of 2,200 (2011).

The tourism industry is growing, and has become very important for the country’s economy in recent years. A significant part of the tourists come with cruise ships.

Foreign Trade

According to COUNTRYAAH, Saint Kitts and Nevis have deficits both in the trade and balance of payments with abroad. Main export goods are machinery, food and electronics. Main import goods are machinery, foodstuffs and fuel. The United States is the most important trading partner. Otherwise, Ukraine, Canada, the United Kingdom and Trinidad and Tobago.

Transport and Communications

There is a small railway at Saint Kitts adjacent to the sugar industry. The deep water port in Basseterre is the country’s import and export port. Traffic between the islands is provided by a public boat service. International Airport at Basseterre, a smaller airport in Nevis provides some air traffic to the surrounding islands.

Saint Kitts Economics and Business

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