Skip to content

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

Updated on by Georank team

Saint Kitts and Nevis has a GDP of $1.12B compared to $527B for Thailand, ranking 187/197 and 31/197 by economy size, respectively.

Saint Kitts and Nevis has $604M in government debt (53.8% of GDP), compared to $333B (63.2% of GDP) in Thailand.

Saint Kitts and Nevis vs Thailand GDP by year

Saint Kitts and Nevis
Thailand
1x
Year GDP, current $
Saint Kitts Thailand
2024 $1,122,388,889 $526,517,658,842
2023 $1,055,651,852 $515,906,283,941
2022 $981,429,630 $495,644,697,588
2021 $858,622,222 $506,194,668,790
2020 $883,922,222 $500,461,898,480
2019 $1,107,855,556 $543,976,691,794
2018 $1,076,548,148 $506,754,208,404
2017 $1,056,977,778 $456,356,813,537
2016 $1,006,818,519 $413,366,349,748
2015 $957,222,222 $401,296,238,228
2014 $952,111,111 $407,339,040,198
2013 $874,548,148 $420,333,654,593
2012 $824,585,185 $397,558,325,279
2011 $836,092,593 $370,818,739,624
2010 $778,718,519 $341,104,766,329
2009 $774,274,074 $281,710,630,187
2008 $777,692,593 $291,382,982,431
2007 $689,285,185 $262,942,621,455
2006 $644,414,815 $221,758,296,022
2005 $547,203,704 $189,318,408,469
2004 $506,900,000 $172,895,685,155
2003 $469,869,870 $152,280,615,246
2002 $481,077,374 $134,300,904,400
2001 $458,643,829 $120,296,476,180
2000 $421,695,770 $126,392,224,254
1999 $406,595,484 $126,669,211,779
1998 $383,257,331 $113,675,596,788
1997 $374,641,308 $150,180,456,566
1996 $333,944,444 $183,035,237,429
1995 $313,485,185 $169,278,916,593
1994 $295,159,259 $146,683,778,959
1993 $263,755,556 $128,889,262,951
1992 $242,137,037 $111,452,746,518
1991 $220,540,741 $98,234,714,971
1990 $217,259,259 $85,343,190,719
1989 $192,518,519 $72,250,748,100
1988 $172,692,593 $61,667,253,471
1987 $147,748,148 $50,535,446,555
1986 $130,685,185 $43,096,773,981
1985 $111,007,407 $38,900,711,333
1984 $98,603,704 $41,797,647,776
1983 $86,874,074 $40,042,798,388
1982 $86,022,222 $36,589,772,404
1981 $80,888,889 $34,846,039,194
1980 $68,459,259 $32,353,514,989
1979 $58,840,741 $27,371,650,825
1978 $49,433,333 $24,006,566,637
1977 $44,496,296 $19,779,312,261
1976 $30,095,602 $16,985,208,648
1975 $33,364,055 $14,882,770,594
1974 $31,514,856 $13,702,998,512
1973 $24,196,018 $10,838,587,358
1972 $22,944,849 $8,177,873,151
1971 $19,624,746 $7,375,000,024
1970 $16,300,000 $7,086,538,438
1969 $15,850,000 $6,695,336,567
1968 $14,600,000 $6,081,009,428
1967 $16,742,338 $5,638,461,442
1966 $14,469,078 $5,279,230,817
1965 $13,593,932 $4,388,937,649
1964 $13,416,633 $3,889,129,942
1963 $12,833,301 $3,540,403,457
1962 $12,541,635 $3,308,912,797
1961 $12,483,302 $3,034,037,811
1960 $12,366,636 $2,760,750,861

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

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

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

Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Kitts Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,961 $34,847 $7,347 $24,712
2023 $22,577 $33,980 $7,195 $23,519
2022 $21,012 $31,871 $6,909 $22,243
2021 $18,361 $26,897 $7,057 $20,243
2020 $18,859 $27,326 $6,986 $19,164
2019 $23,595 $32,482 $7,606 $19,963
2018 $22,901 $30,795 $7,100 $18,876
2017 $22,465 $29,579 $6,413 $17,573
2016 $21,388 $28,215 $5,834 $16,671
2015 $20,329 $26,877 $5,689 $15,791
2014 $20,219 $26,756 $5,801 $15,365
2013 $18,580 $24,624 $6,018 $15,216
2012 $17,532 $23,458 $5,726 $14,617
2011 $17,832 $24,550 $5,374 $13,227
2010 $16,623 $23,691 $4,974 $12,932
2009 $16,503 $23,385 $4,135 $11,964
2008 $16,605 $24,102 $4,309 $12,062
2007 $14,758 $21,301 $3,919 $11,723
2006 $13,838 $20,676 $3,331 $10,912
2005 $11,784 $19,500 $2,868 $10,169
2004 $10,945 $17,276 $2,642 $9,545
2003 $10,176 $16,226 $2,348 $8,824
2002 $10,454 $16,619 $2,090 $8,148
2001 $10,023 $16,235 $1,890 $7,632
2000 $9,320 $15,256 $2,006 $7,289
1999 $9,116 $13,754 $2,033 $6,901
1998 $8,711 $13,319 $1,848 $6,590
1997 $8,627 $13,409 $2,473 $7,148
1996 $7,788 $12,498 $3,055 $7,322
1995 $7,406 $11,747 $2,864 $6,901
1994 $7,065 $11,062 $2,518 $6,341
1993 $6,395 $10,418 $2,245 $5,834
1992 $5,947 $9,652 $1,972 $5,347
1991 $5,465 $9,131 $1,766 $4,914
1990 $5,373 $8,983 $1,559 $4,451
1989 $4,723 - $1,342 -
1988 $4,206 - $1,164 -
1987 $3,573 - $970 -
1986 $3,140 - $842 -
1985 $2,651 - $774 -
1984 $2,341 - $847 -
1983 $2,052 - $827 -
1982 $2,023 - $770 -
1981 $1,894 - $748 -
1980 $1,598 - $709 -
1979 $1,367 - $612 -
1978 $1,144 - $548 -
1977 $1,026 - $462 -
1976 $692 - $405 -
1975 $765 - $364 -
1974 $721 - $343 -
1973 $551 - $278.3 -
1972 $521 - $215.6 -
1971 $444 - $199.7 -
1970 $365 - $197.1 -
1969 $347 - $191.4 -
1968 $309 - $178.8 -
1967 $344 - $170.7 -
1966 $290 - $164.5 -
1965 $265.8 - $140.9 -
1964 $256.4 - $128.6 -
1963 $240.1 - $120.7 -
1962 $230.3 - $116.2 -
1961 $225.6 - $109.7 -
1960 $221.6 - $102.8 -

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

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

Saint Kitts and Nevis' GDP per capita is $23,961, ranking 51/197, compared to $7,347 in Thailand, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Saint Kitts and Nevis ranks 64th at $34,847, while Thailand ranks 85th at $24,712.

Economic indicators

Saint Kitts Thailand
Gross domestic product
$1.12B
2024
$527B
2024
GDP rank
187/197
2024
31/197
2024
GDP growth
0.31%
2023-2024
2.54%
2023-2024
GDP per capita
$23,961
2024
$7,347
2024
GDP per capita rank
51/197
2024
100/197
2024
GDP per capita, PPP
$34,847
2024
$24,712
2024
GDP per capita PPP rank
64/197
2024
85/197
2024
Government debt
$604M
2024
$333B
2024
Debt-to-GDP ratio
53.8%
2024
63.2%
2024
Government debt per person
$12,897
2024
$4,643
2024
Government debt per person rank
44/185
2024
84/185
2024
Average annual personal income after taxes
$13,301
2026
$6,733
2026
Market capitalization of domestic companies n/a
$520B
2024
Number of millionaires n/a
100,001
2025
Number of billionaires n/a
25
2025
Income share by richest 10% n/a
26.1%
2023
Income share by poorest 10% n/a
3.4%
2023
Government expenditure, % of GDP
43.2%
2024
22.7%
2024
Consumer prices inflation
1.1%
2023-2024
1.37%
2023-2024
Central bank interest rate n/a
1.5%
2025
Unemployment rate
5.12%
2001
0.78%
2024
Population
47017
71571743

Spending and national debt comparison by year

Saint Kitts and Nevis
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Saint Kitts Thailand
Government spending Government debt Government spending Government debt
2024 43.2% 53.8% 22.7% 63.2%
2023 43.1% 55.7% 22.8% 62.3%
2022 49.5% 60.3% 24.7% 60.5%
2021 41.2% 69.1% 26.8% 58.3%
2020 36.5% 68% 24.9% 49.4%
2019 37.2% 54.3% 20.6% 41.1%
2018 33.7% 53.9% 21.2% 41.9%
2017 25.5% 56.2% 21.5% 41.8%
2016 26.1% 57.4% 21.4% 41.7%
2015 29% 62.2% 22.3% 42.6%
2014 28% 69.3% 22.2% 43.3%
2013 28.6% 91.5% 21.6% 42.2%
2012 27.2% 121.4% 22.3% 41.9%
2011 30.3% 127.1% 21.1% 39.1%
2010 31.2% 134.9% 22% 39.8%
2009 30.4% 129.1% 21.7% 42.4%
2008 29.5% 123.4% 19.2% 34.9%
2007 32.2% 135.4% 20% 36%
2006 32.5% 140.3% 18.7% 39.2%
2005 34.7% 130.1% 19.6% 45.5%
2004 33.7% 153.1% 19.3% 46.3%
2003 30.9% 140.7% 18.3% 47.5%
2002 35.4% 119.7% 25.7% 54.9%
2001 30.9% 105.2% 20.8% 57.5%
2000 34.6% 96.5% 19.3% 57.8%
1999 33.6% 89.2% 26.5% 56.6%
1998 29.1% 79% 23.9% 49.9%
1997 26.3% 67.2% 21.6% 40.5%
1996 26.8% 50.7% 18% 15.2%
1995 23.7% - 17.2% 5.12%
1994 22.2% - 16% 6.69%
1993 21.3% - 18.8% 9.14%
1992 19.8% - 17.8% 11.4%
1991 18.2% - 17% 14.1%
1990 19.3% - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

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

In 2024, Saint Kitts and Nevis' government spending was $484M, accounting for 43.2% of its GDP, while Thailand spent $120B, or 22.7% of GDP.

Debt-to-GDP ratio is 53.8% in Saint Kitts and Nevis and 63.2% in Thailand, ranking 97/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Saint Kitts and Nevis

Thailand
1x
Year Deficit/surplus, % of GDP
Saint Kitts Thailand
2024 -11% -1.29%
2023 -0.27% -1.98%
2022 -4.16% -4.61%
2021 5.41% -6.74%
2020 -3.06% -4.47%
2019 -0.7% 0.43%
2018 1.8% 0.2%
2017 1.68% -0.42%
2016 3.77% 0.41%
2015 5.66% 0.19%
2014 8.52% -0.7%
2013 10.9% 0.6%
2012 4.32% -0.86%
2011 1.6% 0.09%
2010 -4.15% -1.07%
2009 -1.23% -2.21%
2008 -1.57% 0.8%
2007 -1.03% 0.22%
2006 -1.37% 1.87%
2005 -3.45% 2.17%
2004 -6.6% 1.11%
2003 -5.66% 1.98%
2002 -11.7% -6.72%
2001 -10.9% -1.77%
2000 -13.3% -1.79%
1999 -11.1% -9.02%
1998 -5.13% -6.29%
1997 -2.33% -1.68%
1996 -2.27% 2.75%
1995 0.9% 3.05%
1994 0.79% 2.78%
1993 0.24% 6.67%
1992 0.5% -0.18%
1991 0.92% 1.6%
1990 0.62% 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

GeoRank.org/economy/saint-kitts-and-nevis/thailand | 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 Thailand's deficit of $6.81B, or 1.29% of GDP.

Over the past 35 years, Saint Kitts and Nevis recorded a fiscal deficit in 20 of those years, while Thailand ran a deficit in 17 years. On average, Saint Kitts and Nevis posted an annual deficit equal to 1.52% of GDP, compared to deficit of 0.67% of GDP for Thailand.

Inflation comparison by year

Inflation
Saint Kitts and Nevis

Thailand
1x
Year Consumer prices inflation
Saint Kitts Thailand
2024 1.1% 1.37%
2023 3.56% 8.48%
2022 2.67% -1.61%
2021 1.2% 1.23%
2020 -1.17% -0.85%
2019 -0.33% 0.71%
2018 -1.04% 1.06%
2017 0.69% 0.67%
2016 -0.69% 0.19%
2015 -2.3% -0.9%
2014 0.25% 1.9%
2013 1.11% 2.18%
2012 0.82% 3.01%
2011 5.84% 3.81%
2010 0.85% 3.25%
2009 2.06% -0.85%
2008 5.3% 5.47%
2007 4.48% 2.24%
2006 8.49% 4.64%
2005 3.38% 4.54%
2004 2.31% 2.76%
2003 2.24% 1.8%
2002 2.04% 0.7%
2001 2.3% 1.63%
2000 2.15% 1.59%
1999 3.36% 0.28%
1998 3.45% 7.99%
1997 8.91% 5.63%

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

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

Over the past 28 years, Saint Kitts and Nevis has recorded an average annual inflation rate of 2.25%, compared with 2.25% in Thailand. In 2024, inflation was 1.1% in Saint Kitts and Nevis and 1.37% in Thailand.

Top exports between countries

Saint Kitts
Export category Export value
Thailand
Export category Export value
Machinery & equipment $3.09M
Textiles & consumer goods $246K
Processed food, beverages & tobacco $71K
Metals $37K
Chemicals & pharma $23K
Animal & marine products $19K
Raw agricultural goods $5K
Precious metals & jewellery $2K
Wood & paper products $1K

Balance of trade

Saint Kitts Thailand
Current account balance
-$169M
2024
$11.6B
2024
Current account balance ranking
96/190
2024
23/190
2024
Current account balance, % of GDP
-15.1%
2024
+2.21%
2024
Goods imports
$404M
2024
$276B
2024
Goods exports
$33.7M
2024
$297B
2024
Service imports
$239M
2024
$74B
2024
Service exports
$471M
2024
$71.9B
2024
Imports of goods and services, % of GDP n/a
66.7%
2024
Exports of goods and services, % of GDP
11%
2025
70%
2024

Economic freedom indices

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

Saint Kitts Thailand
Economic freedom 62 62.2
Economic freedom ranking 90/197 88/197
Property rights n/a 41.8
Government integrity n/a 38.9
Judicial effectiveness n/a 35
Tax burden n/a 80.8
Government spending n/a 83.6
Fiscal health n/a 81
Business freedom n/a 69.9
Labor freedom n/a 56.4
Monetary freedom n/a 73.3
Trade freedom n/a 70.2
Investment freedom n/a 55
Financial freedom n/a 60

Other economic metrics

Saint Kitts Thailand
Services, % of GDP
66.1%
2024
59.2%
2024
Industry, % of GDP
20.9%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
8.71%
2024
GNI, Atlas method
$1.05B
2024
$509B
2024
GNI per capita, PPP
$34,460
2024
$23,960
2024
Total reserves including gold
$295M
2024
$237B
2024
Total reserves ranking
168/177
2024
15/177
2024
Net foreign direct investment
-$19.5M
2024
-$6.95B
2024
Net inflows of foreign direct investment
$42.1M
2024
$14.3B
2024
Net outflows of foreign direct investment
$8.97M
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI n/a
3.52%
2024
Poverty at national poverty lines n/a
5.4%
2022
Gross capital formation, % of GDP n/a
21.6%
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/thailand | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.