Armenia vs Saint Kitts and Nevis: Economic Indicators Comparison

Armenia with a GDP of $12.4B ranked the 136th largest economy in the world, while Saint Kitts and Nevis ranked 185th with $1B. By GDP per capita, Armenia and Saint Kitts and Nevis ranked 115th vs 48th, respectively.

Gross Domestic Product & Income

Stat	Armenia	Saint Kitts and Nevis
GDP	$12.4B	$1B
GDP growth, 1 year	5%	2.92%
GDP growth, 5-years average	3.9%	N/A
Population	2.9M	55k
GDP per capita	$4.2k	$19k
GDP per capita growth	4.95%	2.15%
Purchasing Power Parity conversion factor	196.69	1.72
Price level ratio of PPP conversion factor GDP to market exchange rate	0.41	0.64
GDP per capita, PPP adjusted	$10k	$30k
GNI, Atlas method	$12.5B	$961.5M
GNI per capita	$4.2k	$18k
GNI, PPP adjusted	$30.9B	$1.5B
GNI per capita, PPP adjusted	$10k	$29k

Financial system and Human development

Stat	Armenia	Saint Kitts and Nevis
Income Tax Rate	26%	N/A
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	2.5%	-1%
Inflation, GDP deflator	2.6%	-1.5%
Unemployment	17.7%	5.1%
Economic Freedom Index	70.6	62
Personal Freedom Index	7.21	6.2
Human Freedom Index	7.42	6.2
Property Rights Index	60.7	N/A
Judical Effectiveness Index	54.1	N/A
Business Freedom Index	81	N/A
Fiscal Health Index	68.8	N/A
Labor Freedom Index	72.5	N/A
Investment Freedom Index	75	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	80.6	N/A
Monetary Freedom Index	76	N/A
Government Spending Index	80.6	N/A
Tax Burden Index	84.9	N/A
Government Integrity Index	43.4	N/A
Corruption Perceptions Index	35	60
Life expectancy at birth, years	74.8	71.3
Suicide mortality rate, per 100,000 people	6.6	1
Mortality caused by road traffic injury, per 100,000 people	17.1	2
Intentional homicides, per 100,000 people	2.4	34.2
International tourism, number of arrivals	1.7M	125k

Government debt & reserves

Stat	Armenia	Saint Kitts and Nevis
Central government debt, % of GDP	48.5%	59.9%
External debt stocks, % of GNI	87.5%	N/A
External debt stocks	$11B	N/A
Short-term debt, % of total reserves	50.2%	N/A
Total debt service, % of exports and primary income	29.9%	N/A
Adjusted net savings including particulate emission damage, % of GNI	1.5%	N/A
Gross savings, % of GDP	13.6%	N/A
Gross capital formation, % of GDP	22.4%	N/A
Total reserves including gold	$2.3B	$363.2M
Foreign direct investment net inflows	$254.1M	$93.6M

Exports, imports and economic structure

Stat	Armenia	Saint Kitts and Nevis
Exports of goods and services, % of GDP	37.8%	59.9%
Imports of goods and services, % of GDP	53.5%	58.8%
Current account balance (balance of payments)	-$1.2B	-$72.4M
Revenue excluding grants, % of GDP	22.5%	27.9%
Grants excluding technical cooperation, BoP	$111.9M	$15.6M
Personal remittances received	$1.5B	$25.9M
Industry including construction value added, % of GDP	25%	25.7%
Agriculture, forestry and fishing value added, % of GDP	13.7%	1.2%
Charges for the use of intellectual property, payments BoP	N/A	$1.8M
Charges for the use of intellectual property, receipts BoP	N/A	$100k
Expense, % of GDP	22.1%	24.3%
Government Expenditure, % of GDP	25.4%	N/A