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Economy of New Zealand vs Saint Kitts and Nevis compared: GDP & Debt

Updated on by Georank

New Zealand has a GDP of $264B compared to $1.18B for Saint Kitts and Nevis, ranking 53/197 and 188/197 by economy size, respectively.

New Zealand has $145B in government debt (54.7% of GDP), compared to $691M (58.4% of GDP) in Saint Kitts and Nevis.

New Zealand vs Saint Kitts and Nevis GDP by year

New Zealand
Saint Kitts and Nevis
1x
Year GDP, current $
New Zealand Saint Kitts
2025 $264,057,413,740 $1,183,514,815
2024 $261,497,198,364 $1,122,388,889
2023 $256,372,177,758 $1,055,651,852
2022 $249,723,029,451 $981,429,630
2021 $253,732,493,988 $858,622,222
2020 $213,318,129,989 $883,922,222
2019 $213,088,034,258 $1,107,855,556
2018 $211,726,161,989 $1,076,548,148
2017 $206,561,943,051 $1,056,977,778
2016 $188,980,351,891 $1,006,818,519
2015 $178,147,457,243 $957,222,222
2014 $201,435,445,068 $952,111,111
2013 $190,943,478,290 $874,548,148
2012 $176,508,049,114 $824,585,185
2011 $168,458,838,711 $836,092,593
2010 $146,887,902,524 $778,718,519
2009 $121,663,439,315 $774,274,074
2008 $133,437,126,590 $777,692,593
2007 $137,188,946,866 $689,285,185
2006 $111,538,810,713 $644,414,815
2005 $114,720,129,550 $547,203,704
2004 $103,905,210,084 $506,900,000
2003 $88,250,885,550 $469,869,870
2002 $66,627,729,311 $481,077,374
2001 $53,872,425,917 $458,643,829
2000 $52,623,281,957 $421,695,770
1999 $58,762,260,626 $406,595,484
1998 $56,227,169,851 $383,257,331
1997 $66,075,143,415 $374,641,308
1996 $70,140,835,299 $333,944,444
1995 $63,918,703,507 $313,485,185
1994 $55,314,732,279 $295,159,259
1993 $46,775,620,817 $263,755,556
1992 $41,649,829,860 $242,137,037
1991 $42,745,329,732 $220,540,741
1990 $45,495,129,385 $217,259,259
1989 $43,920,222,525 $192,518,519
1988 $45,176,811,594 $172,692,593
1987 $40,376,354,070 $147,748,148
1986 $30,604,668,357 $130,685,185
1985 $24,679,795,396 $111,007,407
1984 $21,665,975,319 $98,603,704
1983 $24,309,279,706 $86,874,074
1982 $24,164,603,059 $86,022,222
1981 $24,417,617,184 $80,888,889
1980 $23,244,547,385 $68,459,259
1979 $20,731,243,113 $58,840,741
1978 $18,530,518,395 $49,433,333
1977 $15,446,825,318 $44,496,296
1976 $13,604,832,424 $30,095,602
1975 $12,861,983,284 $33,364,055
1974 $13,940,981,798 $31,514,856
1973 $12,802,281,898 $24,196,018
1972 $9,567,331,065 $22,944,849
1971 $7,911,136,757 $19,624,746
1970 $6,495,605,331 $16,300,000
1969 $5,814,357,709 $15,850,000
1968 $5,228,045,415 $14,600,000
1967 $6,016,017,227 $16,742,338
1966 $5,917,437,693 $14,469,078
1965 $5,706,251,400 $13,593,932
1964 $7,340,766,415 $13,416,633
1963 $6,699,741,645 $12,833,301
1962 $6,133,158,532 $12,541,635
1961 $5,721,994,864 $12,483,302
1960 $5,536,098,360 $12,366,636

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/new-zealand/saint-kitts-and-nevis | CC BY

GDP per capita in New Zealand vs Saint Kitts and Nevis by year

New Zealand
GDP per capita

GDP per capita, PPP
Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
1x
Year Current $
New Zealand Saint Kitts
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $49,591 - $25,223 -
2024 $49,432 $55,551 $23,961 $34,847
2023 $49,302 $54,697 $22,577 $33,980
2022 $49,142 $54,034 $21,012 $31,871
2021 $49,902 $48,249 $18,361 $26,897
2020 $42,055 $45,513 $18,859 $27,326
2019 $42,872 $45,278 $23,595 $32,482
2018 $43,204 $42,527 $22,901 $30,795
2017 $42,912 $42,244 $22,465 $29,579
2016 $40,088 $39,989 $21,388 $28,215
2015 $38,649 $37,513 $20,329 $26,877
2014 $44,600 $37,331 $20,219 $26,756
2013 $42,985 $36,263 $18,580 $24,624
2012 $40,042 $33,055 $17,532 $23,458
2011 $38,426 $32,739 $17,832 $24,550
2010 $33,762 $31,305 $16,623 $23,691
2009 $28,277 $30,746 $16,503 $23,385
2008 $31,325 $29,896 $16,605 $24,102
2007 $32,480 $29,331 $14,758 $21,301
2006 $26,655 $27,732 $13,838 $20,676
2005 $27,751 $25,677 $11,784 $19,500
2004 $25,420 $25,124 $10,945 $17,276
2003 $21,914 $23,996 $10,176 $16,226
2002 $16,874 $23,306 $10,454 $16,619
2001 $13,883 $22,511 $10,023 $16,235
2000 $13,641 $21,500 $9,320 $15,256
1999 $15,322 $20,579 $9,116 $13,754
1998 $14,738 $19,323 $8,711 $13,319
1997 $17,474 $19,100 $8,627 $13,409
1996 $18,794 $18,392 $7,788 $12,498
1995 $17,400 $17,864 $7,406 $11,747
1994 $15,280 $17,108 $7,065 $11,062
1993 $13,094 $15,900 $6,395 $10,418
1992 $11,793 $14,877 $5,947 $9,652
1991 $12,230 $14,501 $5,465 $9,131
1990 $13,663 $14,812 $5,373 $8,983
1989 $13,312 - $4,723 -
1988 $13,759 - $4,206 -
1987 $12,331 - $3,573 -
1986 $9,428 - $3,140 -
1985 $7,601 - $2,651 -
1984 $6,714 - $2,341 -
1983 $7,598 - $2,052 -
1982 $7,656 - $2,023 -
1981 $7,814 - $1,894 -
1980 $7,467 - $1,598 -
1979 $6,668 - $1,367 -
1978 $5,937 - $1,144 -
1977 $4,951 - $1,026 -
1976 $4,374 - $692 -
1975 $4,172 - $765 -
1974 $4,611 - $721 -
1973 $4,323 - $551 -
1972 $3,295 - $521 -
1971 $2,773 - $444 -
1970 $2,311 - $365 -
1969 $2,097 - $347 -
1968 $1,902 - $309 -
1967 $2,208 - $344 -
1966 $2,211 - $290 -
1965 $2,171 - $265.8 -
1964 $2,839 - $256.4 -
1963 $2,646 - $240.1 -
1962 $2,471 - $230.3 -
1961 $2,365 - $225.6 -
1960 $2,334 - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/new-zealand/saint-kitts-and-nevis | CC BY

New Zealand's GDP per capita is $49,591, ranking 26/197, compared to $25,223 in Saint Kitts and Nevis, ranking 53/197. Adjusted for purchasing power (GDP per capita PPP), New Zealand ranks 38th at $55,551, while Saint Kitts and Nevis ranks 64th at $34,847.

Economic indicators

New Zealand Saint Kitts
Gross domestic product
$264B
2025
$1.18B
2025
GDP rank
53/197
2025
188/197
2025
GDP growth
0.46%
2024-2025
2.69%
2024-2025
GDP per capita
$49,591
2025
$25,223
2025
GDP per capita rank
26/197
2025
53/197
2025
GDP per capita, PPP
$55,551
2024
$34,847
2024
GDP per capita PPP rank
38/197
2024
64/197
2024
Government debt
$145B
2025
$691M
2025
Debt-to-GDP ratio
54.7%
2025
58.4%
2025
Government debt per person
$27,139
2025
$14,732
2025
Government debt per person rank
27/185
2025
45/185
2025
Average annual personal income after taxes
$36,222
2026
$13,351
2026
Market capitalization of domestic companies
$103B
2025
n/a
Number of billionaires
5
2026
n/a
Government expenditure, % of GDP
41.6%
2025
42.4%
2025
Consumer prices inflation
2.84%
2024-2025
1.3%
2024-2025
Central bank interest rate
2.25%
2025
n/a
Unemployment rate
5.26%
2025
5.12%
2001
Population
5380024
47031

Spending and national debt comparison by year

New Zealand
Spending

Debt
Saint Kitts and Nevis
Spending

Debt
1x
Year % of GDP
New Zealand Saint Kitts
Government spending Government debt Government spending Government debt
2025 41.6% 54.7% 42.4% 58.4%
2024 41.7% 51.4% 44.4% 58.1%
2023 41% 47.3% 43.7% 60%
2022 41.7% 46.9% 50.4% 64.5%
2021 41.8% 47.5% 42% 73%
2020 41.9% 43.2% 37.2% 71.7%
2019 38.7% 31.8% 37.9% 57.2%
2018 36.1% 28.1% 34.2% 54.7%
2017 35.6% 31.1% 25.5% 56.2%
2016 36.4% 33.4% 26.1% 57.4%
2015 37.2% 34.2% 29% 62.2%
2014 37.6% 34.2% 27.4% 67.9%
2013 38.6% 34.6% 27.9% 89.3%
2012 39.7% 35.7% 26.4% 118%
2011 42.3% 34.7% 30.3% 127.1%
2010 42.9% 29.6% 31.2% 134.9%
2009 40.3% 24.3% 30.4% 129.1%
2008 38.4% 19% 29.5% 123.4%
2007 37% 16.3% 30.9% 130.1%
2006 37.8% 18.4% 31.2% 134.8%
2005 37.1% 20.8% 33% 124%
2004 36.1% 22.5% 32.4% 147.2%
2003 36.6% 24.7% 30% 136.6%
2002 36.7% 26.4% 34.1% 115.2%
2001 37.2% 28.2% 29.5% 100.5%
2000 38.2% 30% 33.3% 92.9%
1999 39.2% 32% 33.6% 89.2%
1998 40.1% 34.5% 29.1% 79%
1997 39.3% 34.6% 26.3% 67.2%
1996 39.8% 37.3% 26.8% 50.7%
1995 41.6% 43.5% 23.7% -
1994 42.7% 48.9% 22.2% -
1993 46.7% 54.6% 21.3% -
1992 52.4% 58.7% 19.8% -
1991 52.9% 58% 18.2% -
1990 49.5% 55.5% 19.3% -
1989 47.8% 54.9% - -
1988 46.1% 54.7% - -
1987 46.1% 62.9% - -
1986 46.9% 68.5% - -
1985 46.2% 64.1% - -
1984 40.7% 62.8% - -
1983 41.4% 59.6% - -
1982 39.9% 51.5% - -
1981 39.1% 50.5% - -
1980 38% 52.2% - -
1979 38.4% 52% - -
1978 36.6% 50% - -
1977 30% 44.6% - -
1976 31.6% 47.6% - -
1975 30.1% 41.4% - -
1974 27.3% 39.6% - -
1973 27.1% 44% - -
1972 26.4% 46% - -
1971 26.8% 71.3% - -
1970 24.8% 76.5% - -
1969 25.9% 85.8% - -
1968 26.2% 86.5% - -
1967 26% 59.7% - -
1966 25% 58.2% - -
1965 24.9% 59.6% - -
1964 19.4% 61.8% - -
1963 19.4% 64.5% - -
1962 21.6% 65% - -
1961 21.1% 64.6% - -
1960 25.3% 68.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/new-zealand/saint-kitts-and-nevis | CC BY

In 2025, New Zealand's government spending was $110B, accounting for 41.6% of its GDP, while Saint Kitts and Nevis spent $502M, or 42.4% of GDP.

Debt-to-GDP ratio is 54.7% in New Zealand and 58.4% in Saint Kitts and Nevis, ranking 91/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
New Zealand

Saint Kitts and Nevis
1x
Year Deficit/surplus, % of GDP
New Zealand Saint Kitts
2025 -3.86% -11.7%
2024 -3.21% -11.3%
2023 -3.22% 0.21%
2022 -3.96% -4.23%
2021 -3.35% 5.5%
2020 -4.21% -3.12%
2019 -2.44% -0.71%
2018 1.31% 1.82%
2017 1.38% 1.68%
2016 0.98% 3.77%
2015 0.37% 5.66%
2014 -0.33% 8.33%
2013 -1.28% 10.7%
2012 -2.18% 4.2%
2011 -4.94% 1.6%
2010 -5.49% -4.15%
2009 -1.8% -1.23%
2008 1.48% -1.57%
2007 3.6% -0.99%
2006 4.62% -1.31%
2005 5.13% -3.29%
2004 4.49% -6.34%
2003 3.69% -5.49%
2002 2.56% -11.3%
2001 1.29% -10.4%
2000 0.18% -12.8%
1999 -1.1% -11.1%
1998 -0.47% -5.13%
1997 1.24% -2.33%
1996 2.58% -2.27%
1995 3.7% 0.9%
1994 2% 0.79%
1993 -1.51% 0.24%
1992 -6.25% 0.5%
1991 -6.12% 0.92%
1990 -2.72% 0.62%
1989 -2.16% -
1988 -1.88% -
1987 -3.43% -
1986 -5.33% -
1985 -6.97% -
1984 -8.68% -
1983 -6.64% -
1982 -6.26% -
1981 -6.02% -
1980 -4.9% -
1979 -6.55% -
1978 -3.41% -
1977 -1.09% -
1976 -2.07% -
1975 0.11% -
1974 0.03% -
1973 -0.07% -
1972 0.12% -
1971 0.09% -
1970 -0.05% -
1969 0.17% -
1968 0.03% -
1967 0.02% -
1966 0.09% -
1965 0.26% -
1964 -0.08% -
1963 -0.26% -
1962 0.02% -
1961 0.03% -
1960 0.05% -
1959 0.03% -
1958 -0.02% -
1957 0.32% -
1956 1.33% -
1955 0.73% -
1954 0.22% -
1953 0.43% -
1952 1.73% -
1951 1.17% -
1950 0.78% -
1949 0.53% -
1948 0.36% -
1947 1.07% -
1946 0.31% -
1945 0.32% -
1944 0.59% -
1943 1.24% -
1942 0.56% -
1941 0.64% -
1940 0.13% -
1939 0.34% -
1938 0.38% -
1937 0.23% -
1936 0.17% -
1935 1.19% -
1934 -0.55% -
1933 0.02% -
1932 -1.77% -
1931 -1.12% -
1930 0.09% -
1929 -0.37% -
1928 0.12% -
1927 0.4% -
1926 0.72% -
1925 0.78% -
1924 1.2% -
1923 0.95% -
1922 -0.2% -
1921 3.55% -
1920 1.51% -
1919 2.9% -
1918 4.35% -
1917 3.89% -
1916 1.46% -
1915 0.06% -
1914 0.45% -
1913 0.79% -
1912 0.89% -
1911 1.24% -
1910 0.36% -
1909 0.31% -
1908 1.26% -
1907 1.13% -
1906 0.97% -
1905 1.41% -
1904 1.42% -
1903 0.55% -
1902 0.63% -
1901 1.11% -
1900 1.59% -
1899 1.15% -
1898 1.38% -
1897 0.86% -
1896 0.65% -
1895 0.32% -
1894 0.76% -
1893 1.14% -
1892 0.09% -
1891 0.46% -
1890 0.05% -
1889 0.59% -
1888 -1.64% -
1887 -1.63% -
1886 -0.53% -
1885 -0.47% -
1884 -0.1% -
1883 0.38% -
1882 0.18% -
1881 -2.33% -
1880 -2.39% -
1879 -0.55% -
1878 -0.85% -
1877 -2.53% -
1876 -5.28% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1876–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/new-zealand/saint-kitts-and-nevis | CC BY

In 2025, New Zealand's government deficit, the difference between spending and revenue, was $10.2B, equivalent to 3.86% of GDP. This compares to Saint Kitts and Nevis' deficit of $139M, or 11.7% of GDP.

Over the past 36 years, New Zealand recorded a fiscal deficit in 19 of those years, while Saint Kitts and Nevis ran a deficit in 20 years. On average, New Zealand posted an annual deficit equal to 0.5% of GDP, compared to deficit of 1.76% of GDP for Saint Kitts and Nevis.

Inflation comparison by year

Inflation
New Zealand

Saint Kitts and Nevis
1x
Year Consumer prices inflation
New Zealand Saint Kitts
2025 2.84% 1.3%
2024 2.92% 1.1%
2023 5.73% 3.6%
2022 7.17% 2.7%
2021 3.94% 1.2%
2020 1.71% -1.2%
2019 1.62% -0.3%
2018 1.6% -1%
2017 1.85% 0.7%
2016 0.65% -0.7%
2015 0.29% -2.3%
2014 1.23% 0.2%
2013 1.13% 1.1%
2012 1.06% 0.8%
2011 4.03% 5.8%
2010 2.3% 0.9%
2009 2.12% 2.1%
2008 3.96% 5.3%
2007 2.38% 4.5%
2006 3.37% 8.5%
2005 3.04% 3.4%
2004 2.29% 2.2%
2003 1.75% 2.3%
2002 2.68% 2.1%
2001 2.63% 2.1%
2000 2.62% 2.1%
1999 -0.11% 3.4%
1998 1.27% 3.7%
1997 1.19% 8.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/new-zealand/saint-kitts-and-nevis | CC BY

Over the past 29 years, New Zealand has recorded an average annual inflation rate of 2.39%, compared with 2.22% in Saint Kitts and Nevis. In 2025, inflation was 2.84% in New Zealand and 1.3% in Saint Kitts and Nevis.

Top exports between countries

New Zealand
Export category Export value
Animal & marine products $150K
Machinery & equipment $4K
Wood & paper products $1K
Saint Kitts
Export category Export value

Balance of trade

New Zealand Saint Kitts
Current account balance
-$9.56B
2025
-$162M
2025
Current account balance ranking
174/190
2025
88/190
2025
Current account balance, % of GDP
-3.62%
2025
-13.7%
2025
Goods imports
$48.2B
2025
$448M
2025
Goods exports
$47.2B
2025
$46.5M
2025
Service imports
$20.3B
2025
$259M
2025
Service exports
$19.5B
2025
$529M
2025
Imports of goods and services, % of GDP
26%
2024
n/a
Exports of goods and services, % of GDP
24.7%
2024
11%
2026

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

New Zealand Saint Kitts
Economic freedom 77.8 62
Economic freedom ranking 13/197 90/197
Property rights 85.4 n/a
Government integrity 90 n/a
Judicial effectiveness 95.9 n/a
Tax burden 66.1 n/a
Government spending 48 n/a
Fiscal health 72.2 n/a
Business freedom 89.1 n/a
Labor freedom 68.6 n/a
Monetary freedom 77.4 n/a
Trade freedom 90.6 n/a
Investment freedom 70 n/a
Financial freedom 80 n/a

Other economic metrics

New Zealand Saint Kitts
Services, % of GDP
68.2%
2023
66.2%
2025
Industry, % of GDP
19.4%
2023
20.8%
2025
Agriculture, forestry, and fishing, % of GDP
4.01%
2023
1.29%
2025
GNI, Atlas method
$248B
2025
$1.15B
2025
GNI per capita, PPP
$53,600
2025
$36,430
2025
Total reserves including gold
$28.2B
2025
$282M
2025
Total reserves ranking
59/177
2025
167/177
2025
Net foreign direct investment
-$3.58B
2025
-$18.5M
2025
Net inflows of foreign direct investment
$1.76B
2024
$42.1M
2024
Net outflows of foreign direct investment
$882M
2024
$8.97M
2024
Gross capital formation, % of GDP
23.1%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/new-zealand/saint-kitts-and-nevis | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1876–1989, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.