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

Updated on by Georank team

Saint Kitts and Nevis has a GDP of $1.12B compared to $1.16B for Saint Vincent, ranking 187/197 and 186/197 by economy size, respectively.

Saint Kitts and Nevis has $604M in government debt (53.8% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Saint Kitts and Nevis vs Saint Vincent GDP by year

Saint Kitts and Nevis
Saint Vincent
1x
Year GDP, current $
Saint Kitts Saint Vincent
2024 $1,122,388,889 $1,157,207,407
2023 $1,055,651,852 $1,072,237,037
2022 $981,429,630 $989,188,889
2021 $858,622,222 $888,677,778
2020 $883,922,222 $864,566,667
2019 $1,107,855,556 $910,481,481
2018 $1,076,548,148 $884,329,630
2017 $1,056,977,778 $844,040,741
2016 $1,006,818,519 $814,303,704
2015 $957,222,222 $786,555,556
2014 $952,111,111 $770,900,000
2013 $874,548,148 $764,781,259
2012 $824,585,185 $730,032,593
2011 $836,092,593 $713,796,370
2010 $778,718,519 $720,447,889
2009 $774,274,074 $714,300,259
2008 $777,692,593 $732,663,259
2007 $689,285,185 $713,596,667
2006 $644,414,815 $643,501,148
2005 $547,203,704 $579,948,926
2004 $506,900,000 $549,900,185
2003 $469,869,870 $509,090,889
2002 $481,077,374 $487,763,852
2001 $458,643,829 $462,072,333
2000 $421,695,770 $427,946,037
1999 $406,595,484 $390,718,519
1998 $383,257,331 $373,618,519
1997 $374,641,308 $347,770,370
1996 $333,944,444 $331,488,889
1995 $313,485,185 $316,007,407
1994 $295,159,259 $289,437,037
1993 $263,755,556 $286,307,407
1992 $242,137,037 $277,955,556
1991 $220,540,741 $254,829,630
1990 $217,259,259 $240,366,667
1989 $192,518,519 $214,745,002
1988 $172,692,593 $200,726,713
1987 $147,748,148 $175,580,647
1986 $130,685,185 $160,846,657
1985 $111,007,407 $145,641,705
1984 $98,603,704 $135,024,988
1983 $86,874,074 $122,255,350
1982 $86,022,222 $113,759,203
1981 $80,888,889 $102,086,539
1980 $68,459,259 $82,340,340
1979 $58,840,741 $71,096,360
1978 $49,433,333 $60,844,771
1977 $44,496,296 $49,353,162
1976 $30,095,602 $32,792,845
1975 $33,364,055 $33,237,226
1974 $31,514,856 $32,923,703
1973 $24,196,018 $30,165,081
1972 $22,944,849 $27,585,805
1971 $19,624,746 $20,051,922
1970 $16,300,000 $18,450,000
1969 $15,850,000 $16,650,000
1968 $14,600,000 $15,350,000
1967 $16,742,338 $15,835,106
1966 $14,469,078 $16,099,960
1965 $13,593,932 $15,108,296
1964 $13,416,633 $14,758,296
1963 $12,833,301 $13,708,299
1962 $12,541,635 $14,524,964
1961 $12,483,302 $13,999,965
1960 $12,366,636 $13,066,634

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Saint Kitts and Nevis vs Saint Vincent by year

Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Kitts Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,961 $34,847 $11,501 $21,272
2023 $22,577 $33,980 $10,582 $19,820
2022 $21,012 $31,871 $9,694 $18,035
2021 $18,361 $26,897 $8,641 $16,201
2020 $18,859 $27,326 $8,351 $15,337
2019 $23,595 $32,482 $8,741 $15,340
2018 $22,901 $30,795 $8,428 $14,690
2017 $22,465 $29,579 $7,988 $13,575
2016 $21,388 $28,215 $7,657 $13,493
2015 $20,329 $26,877 $7,354 $12,379
2014 $20,219 $26,756 $7,169 $12,136
2013 $18,580 $24,624 $7,072 $11,625
2012 $17,532 $23,458 $6,714 $10,989
2011 $17,832 $24,550 $6,528 $10,774
2010 $16,623 $23,691 $6,552 $10,561
2009 $16,503 $23,385 $6,464 $10,869
2008 $16,605 $24,102 $6,599 $10,902
2007 $14,758 $21,301 $6,398 $10,604
2006 $13,838 $20,676 $5,745 $9,949
2005 $11,784 $19,500 $5,157 $8,986
2004 $10,945 $17,276 $4,873 $8,472
2003 $10,176 $16,226 $4,500 $7,903
2002 $10,454 $16,619 $4,303 $7,250
2001 $10,023 $16,235 $4,071 $6,768
2000 $9,320 $15,256 $3,769 $6,503
1999 $9,116 $13,754 $3,447 $6,266
1998 $8,711 $13,319 $3,301 $6,026
1997 $8,627 $13,409 $3,074 $5,726
1996 $7,788 $12,498 $2,930 $5,440
1995 $7,406 $11,747 $2,795 $5,277
1994 $7,065 $11,062 $2,563 $4,802
1993 $6,395 $10,418 $2,540 $4,769
1992 $5,947 $9,652 $2,471 $4,477
1991 $5,465 $9,131 $2,271 $4,126
1990 $5,373 $8,983 $2,150 $3,960
1989 $4,723 - $1,930 -
1988 $4,206 - $1,814 -
1987 $3,573 - $1,596 -
1986 $3,140 - $1,472 -
1985 $2,651 - $1,342 -
1984 $2,341 - $1,254 -
1983 $2,052 - $1,144 -
1982 $2,023 - $1,074 -
1981 $1,894 - $972 -
1980 $1,598 - $790 -
1979 $1,367 - $687 -
1978 $1,144 - $592 -
1977 $1,026 - $484 -
1976 $692 - $324 -
1975 $765 - $331 -
1974 $721 - $331 -
1973 $551 - $306 -
1972 $521 - $282.1 -
1971 $444 - $207 -
1970 $365 - $192.3 -
1969 $347 - $175.2 -
1968 $309 - $163.1 -
1967 $344 - $170 -
1966 $290 - $174.9 -
1965 $265.8 - $166.2 -
1964 $256.4 - $164.4 -
1963 $240.1 - $154.9 -
1962 $230.3 - $166.5 -
1961 $225.6 - $163 -
1960 $221.6 - $154.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Saint Kitts and Nevis' GDP per capita is $23,961, ranking 51/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Saint Kitts and Nevis ranks 64th at $34,847, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Saint Kitts Saint Vincent
Gross domestic product
$1.12B
2024
$1.16B
2024
GDP rank
187/197
2024
186/197
2024
GDP growth
0.31%
2023-2024
4.06%
2023-2024
GDP per capita
$23,961
2024
$11,501
2024
GDP per capita rank
51/197
2024
81/197
2024
GDP per capita, PPP
$34,847
2024
$21,272
2024
GDP per capita PPP rank
64/197
2024
92/197
2024
Government debt
$604M
2024
$1.07B
2024
Debt-to-GDP ratio
53.8%
2024
92.7%
2024
Government debt per person
$12,897
2024
$10,659
2024
Government debt per person rank
44/185
2024
56/185
2024
Average annual personal income after taxes
$13,301
2026
$12,573
2026
Government expenditure, % of GDP
43.2%
2024
39.1%
2024
Consumer prices inflation
1.1%
2023-2024
3.63%
2023-2024
Unemployment rate
5.12%
2001
18.8%
2008
Population
47017
99237

Spending and national debt comparison by year

Saint Kitts and Nevis
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Saint Kitts Saint Vincent
Government spending Government debt Government spending Government debt
2024 43.2% 53.8% 39.1% 92.7%
2023 43.1% 55.7% 38.9% 89.4%
2022 49.5% 60.3% 36.6% 86.3%
2021 41.2% 69.1% 37.2% 88.4%
2020 36.5% 68% 32.9% 80.2%
2019 37.2% 54.3% 29.2% 68.2%
2018 33.7% 53.9% 26.3% 69.4%
2017 25.5% 56.2% 26.6% 69%
2016 26.1% 57.4% 27.1% 79.4%
2015 29% 62.2% 27.6% 75.1%
2014 28% 69.3% 30.4% 75%
2013 28.6% 91.5% 29.4% 69.9%
2012 27.2% 121.4% 26.5% 68.1%
2011 30.3% 127.1% 29.4% 64%
2010 31.2% 134.9% 31.1% 61.1%
2009 30.4% 129.1% 31% 57.2%
2008 29.5% 123.4% 28.4% 50.3%
2007 32.2% 135.4% 27.1% 48.5%
2006 32.5% 140.3% 26.1% 44.7%
2005 34.7% 130.1% 26.7% 50.5%
2004 33.7% 153.1% 24.9% 58.6%
2003 30.9% 140.7% 26% 55.3%
2002 35.4% 119.7% 25.7% 53.2%
2001 30.9% 105.2% 24.4% 52%
2000 34.6% 96.5% 23.8% 54.3%
1999 33.6% 89.2% 25.2% 52.9%
1998 29.1% 79% 25.2% 39.5%
1997 26.3% 67.2% 26% 38.8%
1996 26.8% 50.7% 20.9% 40.7%
1995 23.7% - 19.9% 46.8%
1994 22.2% - 22.4% 52.8%
1993 21.3% - 22.3% 48.1%
1992 19.8% - 25.4% 49.6%
1991 18.2% - 25.5% 52.1%
1990 19.3% - 23.1% 53.9%
1989 - - 27.6% -
1988 - - 24.8% -
1987 - - 23.7% -
1986 - - 22.3% -
1985 - - 21.4% -
1984 - - 23.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

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

In 2024, Saint Kitts and Nevis' government spending was $484M, accounting for 43.2% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 53.8% in Saint Kitts and Nevis and 92.7% in Saint Vincent, ranking 97/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Saint Kitts and Nevis

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Saint Kitts Saint Vincent
2024 -11% -12.9%
2023 -0.27% -12%
2022 -4.16% -9.35%
2021 5.41% -7.19%
2020 -3.06% -5.92%
2019 -0.7% -3.45%
2018 1.8% -1.65%
2017 1.68% -1.56%
2016 3.77% 0.04%
2015 5.66% -2.01%
2014 8.52% -2.82%
2013 10.9% -5.81%
2012 4.32% -1.81%
2011 1.6% -3.5%
2010 -4.15% -3.7%
2009 -1.23% -2.85%
2008 -1.57% -1.3%
2007 -1.03% -3.07%
2006 -1.37% -3.13%
2005 -3.45% -4.3%
2004 -6.6% -2.71%
2003 -5.66% -2.51%
2002 -11.7% -2%
2001 -10.9% -1.6%
2000 -13.3% -0.82%
1999 -11.1% -1.93%
1998 -5.13% -1.81%
1997 -2.33% -2.77%
1996 -2.27% 1.57%
1995 0.9% 1.08%
1994 0.79% 0.12%
1993 0.24% -1.46%
1992 0.5% -3.25%
1991 0.92% -0.47%
1990 0.62% 1.69%
1989 - -1.92%
1988 - 0.59%
1987 - 1.1%
1986 - 2.32%
1985 - 4.23%
1984 - 2.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

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

In 2024, Saint Kitts and Nevis' government deficit, the difference between spending and revenue, was $123M, equivalent to 11% of GDP. This compares to Saint Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 35 years, Saint Kitts and Nevis recorded a fiscal deficit in 20 of those years, while Saint Vincent ran a deficit in 30 years. On average, Saint Kitts and Nevis posted an annual deficit equal to 1.52% of GDP, compared to deficit of 3% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Saint Kitts and Nevis

Saint Vincent
1x
Year Consumer prices inflation
Saint Kitts Saint Vincent
2024 1.1% 3.63%
2023 3.56% 4.56%
2022 2.67% 5.66%
2021 1.2% 1.57%
2020 -1.17% -0.63%
2019 -0.33% 0.91%
2018 -1.04% 2.32%
2017 0.69% 2.15%
2016 -0.69% -0.15%
2015 -2.3% -1.73%
2014 0.25% 0.19%
2013 1.11% 0.81%
2012 0.82% 2.6%
2011 5.84% 3.19%
2010 0.85% 0.75%
2009 2.06% 0.42%
2008 5.3% 10.1%
2007 4.48% 7.24%
2006 8.49% 2.74%
2005 3.38% 3.73%
2004 2.31% 2.96%
2003 2.24% 0.21%
2002 2.04% 1.86%
2001 2.3% 0.9%
2000 2.15% 0.17%
1999 3.36% 1.01%
1998 3.45% 2.14%
1997 8.91% 0.44%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Saint Kitts and Nevis has recorded an average annual inflation rate of 2.25%, compared with 2.13% in Saint Vincent. In 2024, inflation was 1.1% in Saint Kitts and Nevis and 3.63% in Saint Vincent.

Top exports between countries

Saint Kitts
Export category Export value
Wood & paper products $289K
Processed food, beverages & tobacco $85K
Precious metals & jewellery $6K
Textiles & consumer goods $3K
Machinery & equipment $1K
Saint Vincent
Export category Export value
Processed food, beverages & tobacco $1.76M
Raw agricultural goods $1.7M
Textiles & consumer goods $1.25M
Metals $492K
Chemicals & pharma $239K
Raw materials & minerals $16K
Animal & marine products $6K
Wood & paper products $1K

Balance of trade

Saint Kitts Saint Vincent
Current account balance
-$169M
2024
-$157M
2024
Current account balance ranking
96/190
2024
93/190
2024
Current account balance, % of GDP
-15.1%
2024
-13.5%
2024
Goods imports
$404M
2024
$445M
2024
Goods exports
$33.7M
2024
$59.2M
2024
Service imports
$239M
2024
$196M
2024
Service exports
$471M
2024
$366M
2024
Exports of goods and services, % of GDP
11%
2025
15.3%
2025

Economic freedom indices

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

Saint Kitts Saint Vincent
Economic freedom 62 60
Economic freedom ranking 90/197 98/197
Property rights n/a 65.2
Government integrity n/a 63.3
Judicial effectiveness n/a 76.9
Tax burden n/a 82
Government spending n/a 56.2
Fiscal health n/a 2.8
Business freedom n/a 67.3
Labor freedom n/a 60.1
Monetary freedom n/a 77.3
Trade freedom n/a 58.8
Investment freedom n/a 70
Financial freedom n/a 40

Other economic metrics

Saint Kitts Saint Vincent
Services, % of GDP
66.1%
2024
66.4%
2024
Industry, % of GDP
20.9%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
3.55%
2024
GNI, Atlas method
$1.05B
2024
$1.11B
2024
GNI per capita, PPP
$34,460
2024
$21,150
2024
Total reserves including gold
$295M
2024
$317M
2024
Total reserves ranking
168/177
2024
167/177
2024
Net foreign direct investment
-$19.5M
2024
-$74M
2024
Net inflows of foreign direct investment
$42.1M
2024
$139M
2024
Net outflows of foreign direct investment
$8.97M
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI n/a
3.84%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20)
  5. TradeMap (2017–2023, retrieved 2026-02-08)
  6. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.