Economy

Overall Economy:

The economy of Saint Kitts and Nevis used to be based mostly on sugarcane. However, the government shut down the production of sugarcane in 2005. This was because they had been losing tons of money over the course of decades. Today, most of Saint Kitts and Nevis' economy is based on tourism.

**tourism

**cotton

**salt

**copra

**clothing

**footwear

**beverages

Imports and Exports:

Imports: $753.2 million

machinery
food
fuel
manufactures

Saint Kitts and Nevis import goods from the United States, Japan, Trinidad and Tobago, Barbados, and European Union.

Exports: $84 million

machinery
tobacco
food
beverages
electronics

Saint Kitts and Nevis export goods to the United States, Netherlands Antilles, European Union, Saint Vincent and the Grenadines, and Trinidad and Tobago.

Labor Force and Unemployment Rate:

Labor Force: 22,000

Unemployment: 4.3%

Inflation Rate:

4.5%

Agriculture and Resources:

Agriculture:

rice
vegetables
yams
fish
peanuts
bananas
cotton

Natural Resources:

fertile land

PEANUT FARM

RICE

GDP per Capita:

$18,800 (In United States Dollars)

GNP:

$298.79 million (In United States Dollars)

Currency:

East Caribbean Dollar:

2.70 East Caribbean Dollars is equal to 1 United States Dollar

20 EAST CARIBBEAN DOLLARS

Comparision of Saint Kitts and Nevis and United States Economy:

The economy of Saint Kitts and Nevis is based mostly on tourism. On the other hand, the economy of the United States is based mostly on manufacturing. The United States economy is way larger than Saint Kitts and Nevis because the United States has a much larger population and it is a more developed country.