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

Updated on by Georank

Saint Kitts and Nevis has a GDP of $1.18B compared to $109B for Sri Lanka, ranking 188/197 and 71/197 by economy size, respectively.

Saint Kitts and Nevis has $691M in government debt (58.4% of GDP), compared to $100B (100.8% of GDP) in Sri Lanka.

Saint Kitts and Nevis vs Sri Lanka GDP by year

Saint Kitts and Nevis
Sri Lanka
1x
Year GDP, current $
Saint Kitts Sri Lanka
2025 $1,183,514,815 $108,825,231,671
2024 $1,122,388,889 $99,616,111,266
2023 $1,055,651,852 $84,080,307,356
2022 $981,429,630 $74,143,020,304
2021 $858,622,222 $88,556,699,052
2020 $883,922,222 $84,335,574,372
2019 $1,107,855,556 $88,998,706,178
2018 $1,076,548,148 $94,450,015,983
2017 $1,056,977,778 $94,369,350,439
2016 $1,006,818,519 $88,000,210,878
2015 $957,222,222 $85,090,300,896
2014 $952,111,111 $82,531,125,462
2013 $874,548,148 $76,976,204,075
2012 $824,585,185 $70,447,216,891
2011 $836,092,593 $67,753,285,882
2010 $778,718,519 $58,636,049,581
2009 $774,274,074 $42,066,224,093
2008 $777,692,593 $40,713,826,215
2007 $689,285,185 $32,350,238,760
2006 $644,414,815 $28,267,410,543
2005 $547,203,704 $24,405,791,045
2004 $506,900,000 $20,662,525,941
2003 $469,869,870 $18,881,765,437
2002 $481,077,374 $16,536,535,647
2001 $458,643,829 $15,749,753,805
2000 $421,695,770 $16,595,882,819
1999 $406,595,484 $15,711,933,513
1998 $383,257,331 $15,760,736,956
1997 $374,641,308 $15,091,913,884
1996 $333,944,444 $13,897,738,375
1995 $313,485,185 $13,029,697,561
1994 $295,159,259 $11,717,604,209
1993 $263,755,556 $10,338,679,636
1992 $242,137,037 $9,703,011,636
1991 $220,540,741 $9,000,362,582
1990 $217,259,259 $8,032,551,173
1989 $192,518,519 $6,987,267,684
1988 $172,692,593 $6,978,371,581
1987 $147,748,148 $6,682,167,120
1986 $130,685,185 $6,405,210,564
1985 $111,007,407 $5,978,460,972
1984 $98,603,704 $6,043,474,843
1983 $86,874,074 $5,167,913,302
1982 $86,022,222 $4,768,765,017
1981 $80,888,889 $4,415,844,156
1980 $68,459,259 $4,024,621,900
1979 $58,840,741 $3,364,611,432
1978 $49,433,333 $2,733,183,857
1977 $44,496,296 $4,104,509,583
1976 $30,095,602 $3,591,319,857
1975 $33,364,055 $3,791,298,146
1974 $31,514,856 $3,574,586,466
1973 $24,196,018 $2,875,625,000
1972 $22,944,849 $2,553,936,348
1971 $19,624,746 $2,369,308,600
1970 $16,300,000 $2,296,470,588
1969 $15,850,000 $1,965,546,218
1968 $14,600,000 $1,801,344,538
1967 $16,742,338 $1,859,465,021
1966 $14,469,078 $1,751,470,588
1965 $13,593,932 $1,698,319,328
1964 $13,416,633 $1,309,747,899
1963 $12,833,301 $1,240,672,269
1962 $12,541,635 $1,434,156,379
1961 $12,483,302 $1,444,327,731
1960 $12,366,636 $1,409,873,950

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

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

GDP per capita in Saint Kitts and Nevis vs Sri Lanka by year

Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Kitts Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,223 - $5,002 -
2024 $23,961 $34,847 $4,545 $15,633
2023 $22,577 $33,980 $3,815 $14,456
2022 $21,012 $31,871 $3,343 $14,194
2021 $18,361 $26,897 $3,997 $14,316
2020 $18,859 $27,326 $3,848 $12,941
2019 $23,595 $32,482 $4,082 $14,113
2018 $22,901 $30,795 $4,359 $14,178
2017 $22,465 $29,579 $4,399 $13,610
2016 $21,388 $28,215 $4,149 $13,079
2015 $20,329 $26,877 $4,058 $12,227
2014 $20,219 $26,756 $3,972 $11,721
2013 $18,580 $24,624 $3,739 $11,253
2012 $17,532 $23,458 $3,328 $10,249
2011 $17,832 $24,550 $3,225 $9,076
2010 $16,623 $23,691 $2,808 $8,234
2009 $16,503 $23,385 $2,027 $7,576
2008 $16,605 $24,102 $1,974 $7,317
2007 $14,758 $21,301 $1,579 $6,820
2006 $13,838 $20,676 $1,389 $6,261
2005 $11,784 $19,500 $1,207 $5,679
2004 $10,945 $17,276 $1,029 $5,216
2003 $10,176 $16,226 $946 $4,850
2002 $10,454 $16,619 $835 $4,522
2001 $10,023 $16,235 $804 $4,328
2000 $9,320 $15,256 $860 $4,368
1999 $9,116 $13,754 $829 $4,103
1998 $8,711 $13,319 $848 $3,952
1997 $8,627 $13,409 $827 $3,804
1996 $7,788 $12,498 $776 $3,582
1995 $7,406 $11,747 $742 $3,454
1994 $7,065 $11,062 $678 $3,260
1993 $6,395 $10,418 $607 $3,067
1992 $5,947 $9,652 $580 $2,851
1991 $5,465 $9,131 $546 $2,713
1990 $5,373 $8,983 $491 $2,527
1989 $4,723 - $430 -
1988 $4,206 - $434 -
1987 $3,573 - $420 -
1986 $3,140 - $407 -
1985 $2,651 - $385 -
1984 $2,341 - $391 -
1983 $2,052 - $336 -
1982 $2,023 - $312 -
1981 $1,894 - $292.5 -
1980 $1,598 - $271.1 -
1979 $1,367 - $230.8 -
1978 $1,144 - $191 -
1977 $1,026 - $292.1 -
1976 $692 - $260.3 -
1975 $765 - $279.8 -
1974 $721 - $268.7 -
1973 $551 - $220.2 -
1972 $521 - $199.4 -
1971 $444 - $188.8 -
1970 $365 - $186.9 -
1969 $347 - $163.6 -
1968 $309 - $153.5 -
1967 $344 - $162.3 -
1966 $290 - $156.6 -
1965 $265.8 - $155.6 -
1964 $256.4 - $122.9 -
1963 $240.1 - $119.4 -
1962 $230.3 - $141.4 -
1961 $225.6 - $145.9 -
1960 $221.6 - $145.9 -

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

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

Saint Kitts and Nevis' GDP per capita is $25,223, ranking 53/197, compared to $5,002 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Saint Kitts and Nevis ranks 64th at $34,847, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Saint Kitts Sri Lanka
Gross domestic product
$1.18B
2025
$109B
2025
GDP rank
188/197
2025
71/197
2025
GDP growth
2.69%
2024-2025
4.95%
2024-2025
GDP per capita
$25,223
2025
$5,002
2025
GDP per capita rank
53/197
2025
124/197
2025
GDP per capita, PPP
$34,847
2024
$15,633
2024
GDP per capita PPP rank
64/197
2024
111/197
2024
Government debt
$691M
2025
$100B
2024
Debt-to-GDP ratio
58.4%
2025
100.8%
2024
Government debt per person
$14,732
2025
$4,584
2024
Government debt per person rank
45/185
2025
90/185
2024
Average annual personal income after taxes
$13,351
2026
$2,830
2026
Market capitalization of domestic companies n/a
$26.1B
2025
Income share by richest 10% n/a
30.8%
2019
Income share by poorest 10% n/a
3.1%
2019
Government expenditure, % of GDP
42.4%
2025
19.1%
2024
Consumer prices inflation
1.3%
2024-2025
-4.76%
2024-2025
Central bank interest rate n/a
7.75%
2025
Unemployment rate
5.12%
2001
4.32%
2024
Population
47031
21926160

Spending and national debt comparison by year

Saint Kitts and Nevis
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Saint Kitts Sri Lanka
Government spending Government debt Government spending Government debt
2025 42.4% 58.4% - -
2024 44.4% 58.1% 19.1% 100.8%
2023 43.7% 60% 19.5% 110.4%
2022 50.4% 64.5% 18.6% 115.9%
2021 42% 73% 20% 102.7%
2020 37.2% 71.7% 22.1% 96.9%
2019 37.9% 57.2% 19.5% 82.6%
2018 34.2% 54.7% 17.5% 83.6%
2017 25.5% 56.2% 17.9% 72.3%
2016 26.1% 57.4% 18.2% 75%
2015 29% 62.2% 19.3% 76.3%
2014 27.4% 67.9% 17.2% 69.6%
2013 27.9% 89.3% 16.6% 69.5%
2012 26.4% 118% 17.3% 67.5%
2011 30.3% 127.1% 19.1% 69.4%
2010 31.2% 134.9% 19.3% 68.7%
2009 30.4% 129.1% 21% 72.8%
2008 29.5% 123.4% 19.1% 68.8%
2007 30.9% 130.1% 19.9% 71.8%
2006 31.2% 134.8% 20.5% 74.3%
2005 33% 124% 20.1% 76.6%
2004 32.4% 147.2% 19.3% 86.5%
2003 30% 136.6% 19.3% 86.5%
2002 34.1% 115.2% 20.8% 96.3%
2001 29.5% 100.5% 22.4% 84.4%
2000 33.3% 92.9% 21.7% 79.2%
1999 33.6% 89.2% 20.5% 77.7%
1998 29.1% 79% 21.4% 74.2%
1997 26.3% 67.2% 21.4% 70.1%
1996 26.8% 50.7% 23.1% 76.2%
1995 23.7% - 24.8% 77.8%
1994 22.2% - 24.1% 77.9%
1993 21.3% - 23.2% 79.2%
1992 19.8% - 23% 77.9%
1991 18.2% - 26.4% 80.5%
1990 19.3% - 25.4% 78.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Saint Kitts and Nevis' government spending was $502M, accounting for 42.4% of its GDP, while Sri Lanka spent $19B, or 19.1% of GDP.

Debt-to-GDP ratio is 58.4% in Saint Kitts and Nevis and 100.8% in Sri Lanka, ranking 82/185 and 24/185, respectively.

Government deficit by year

Deficit/surplus
Saint Kitts and Nevis

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Saint Kitts Sri Lanka
2025 -11.7% -
2024 -11.3% -5.43%
2023 0.21% -8.32%
2022 -4.23% -10.2%
2021 5.5% -11.7%
2020 -3.12% -13.4%
2019 -0.71% -7.52%
2018 1.82% -4.96%
2017 1.68% -5.1%
2016 3.77% -5%
2015 5.66% -6.64%
2014 8.33% -5.99%
2013 10.7% -5%
2012 4.2% -5.44%
2011 1.6% -6.01%
2010 -4.15% -6.73%
2009 -1.23% -8.33%
2008 -1.57% -5.93%
2007 -0.99% -5.81%
2006 -1.31% -5.91%
2005 -3.29% -5.93%
2004 -6.34% -6.32%
2003 -5.49% -6.15%
2002 -11.3% -6.9%
2001 -10.4% -8.48%
2000 -12.8% -7.78%
1999 -11.1% -5.58%
1998 -5.13% -6.79%
1997 -2.33% -5.71%
1996 -2.27% -6.89%
1995 0.9% -7.11%
1994 0.79% -7.41%
1993 0.24% -5.77%
1992 0.5% -4.95%
1991 0.92% -7.97%
1990 0.62% -6.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2024, Saint Kitts and Nevis' government deficit, the difference between spending and revenue, was $127M, equivalent to 11.3% of GDP. This compares to Sri Lanka's deficit of $5.4B, or 5.43% of GDP.

Over the past 35 years, Saint Kitts and Nevis recorded a fiscal deficit in 19 of those years, while Sri Lanka ran a deficit in 35 years. On average, Saint Kitts and Nevis posted an annual deficit equal to 1.48% of GDP, compared to deficit of 6.84% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Saint Kitts and Nevis

Sri Lanka
1x
Year Consumer prices inflation
Saint Kitts Sri Lanka
2025 1.3% -4.76%
2024 1.1% -0.43%
2023 3.6% 16.5%
2022 2.7% 49.7%
2021 1.2% 7.01%
2020 -1.2% 6.15%
2019 -0.3% 3.53%
2018 -1% 2.14%
2017 0.7% 7.7%
2016 -0.7% 3.96%
2015 -2.3% 3.77%
2014 0.2% 3.18%
2013 1.1% 6.91%
2012 0.8% 7.54%
2011 5.8% 6.72%
2010 0.9% 6.22%
2009 2.1% 3.46%
2008 5.3% 22.6%
2007 4.5% 15.8%
2006 8.5% 10%
2005 3.4% 11.6%
2004 2.2% 7.58%
2003 2.3% 6.31%
2002 2.1% 9.55%
2001 2.1% 14.2%
2000 2.1% 6.18%
1999 3.4% 4.69%
1998 3.7% 9.36%
1997 8.7% 9.57%

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/saint-kitts-and-nevis/sri-lanka | CC BY

Over the past 29 years, Saint Kitts and Nevis has recorded an average annual inflation rate of 2.22%, compared with 8.86% in Sri Lanka. In 2025, inflation was 1.3% in Saint Kitts and Nevis and -4.76% in Sri Lanka.

Top exports between countries

Saint Kitts
Export category Export value
Sri Lanka
Export category Export value
Raw materials & minerals $240K
Chemicals & pharma $1K
Machinery & equipment $1K

Balance of trade

Saint Kitts Sri Lanka
Current account balance
-$162M
2025
$1.21B
2024
Current account balance ranking
88/190
2025
49/190
2024
Current account balance, % of GDP
-13.7%
2025
+1.21%
2024
Goods imports
$448M
2025
$18.8B
2024
Goods exports
$46.5M
2025
$12.8B
2024
Service imports
$259M
2025
$3.48B
2024
Service exports
$529M
2025
$6.91B
2024
Imports of goods and services, % of GDP n/a
22.8%
2025
Exports of goods and services, % of GDP
11%
2026
19%
2025

Economic freedom indices

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

Saint Kitts Sri Lanka
Economic freedom 62 50.3
Economic freedom ranking 90/197 162/197
Property rights n/a 47.3
Government integrity n/a 37.3
Judicial effectiveness n/a 47.2
Tax burden n/a 77
Government spending n/a 89
Fiscal health n/a 0
Business freedom n/a 60.1
Labor freedom n/a 54.3
Monetary freedom n/a 65.9
Trade freedom n/a 65.6
Investment freedom n/a 30
Financial freedom n/a 30

Other economic metrics

Saint Kitts Sri Lanka
Services, % of GDP
66.2%
2025
54.6%
2025
Industry, % of GDP
20.8%
2025
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
1.29%
2025
8.36%
2025
GNI, Atlas method
$1.15B
2025
$102B
2025
GNI per capita, PPP
$36,430
2025
$16,750
2025
Total reserves including gold
$282M
2025
$6.09B
2024
Total reserves ranking
167/177
2025
96/177
2024
Net foreign direct investment
-$18.5M
2025
-$651M
2024
Net inflows of foreign direct investment
$42.1M
2024
$761M
2024
Net outflows of foreign direct investment
$8.97M
2024
$110M
2024
Servicing debt to the IMF, % of GNI n/a
4.96%
2024
Poverty at national poverty lines n/a
14.3%
2019
Gross capital formation, % of GDP n/a
29.6%
2025

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/saint-kitts-and-nevis/sri-lanka | 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. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. TradeMap (2021–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.

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

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.