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

Updated on by Georank team

Saint Kitts and Nevis has a GDP of $1.12B compared to $81B for Uruguay, ranking 187/197 and 81/197 by economy size, respectively.

Saint Kitts and Nevis has $604M in government debt (53.8% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Saint Kitts and Nevis vs Uruguay GDP by year

Saint Kitts and Nevis
Uruguay
1x
Year GDP, current $
Saint Kitts Uruguay
2024 $1,122,388,889 $80,961,511,074
2023 $1,055,651,852 $77,991,666,838
2022 $981,429,630 $70,594,110,920
2021 $858,622,222 $60,739,084,241
2020 $883,922,222 $53,559,359,262
2019 $1,107,855,556 $62,222,313,619
2018 $1,076,548,148 $65,344,577,416
2017 $1,056,977,778 $65,005,997,963
2016 $1,006,818,519 $57,480,787,465
2015 $957,222,222 $57,680,327,999
2014 $952,111,111 $61,496,186,974
2013 $874,548,148 $61,337,621,934
2012 $824,585,185 $54,232,266,359
2011 $836,092,593 $50,342,406,067
2010 $778,718,519 $41,950,361,212
2009 $774,274,074 $32,708,319,078
2008 $777,692,593 $31,119,602,539
2007 $689,285,185 $23,797,773,024
2006 $644,414,815 $19,741,420,740
2005 $547,203,704 $17,362,857,684
2004 $506,900,000 $13,686,329,890
2003 $469,869,870 $12,045,638,352
2002 $481,077,374 $13,606,515,723
2001 $458,643,829 $20,898,761,742
2000 $421,695,770 $22,823,270,892
1999 $406,595,484 $23,983,945,191
1998 $383,257,331 $25,385,886,978
1997 $374,641,308 $23,969,739,234
1996 $333,944,444 $20,515,458,114
1995 $313,485,185 $19,297,663,097
1994 $295,159,259 $17,474,588,896
1993 $263,755,556 $15,002,136,971
1992 $242,137,037 $12,878,148,791
1991 $220,540,741 $11,206,176,651
1990 $217,259,259 $9,298,807,850
1989 $192,518,519 $8,438,951,476
1988 $172,692,593 $8,213,538,369
1987 $147,748,148 $7,367,494,080
1986 $130,685,185 $5,880,112,788
1985 $111,007,407 $4,732,017,873
1984 $98,603,704 $4,850,238,550
1983 $86,874,074 $5,102,276,308
1982 $86,022,222 $9,178,780,077
1981 $80,888,889 $11,048,301,421
1980 $68,459,259 $10,163,020,116
1979 $58,840,741 $7,181,182,224
1978 $49,433,333 $4,910,254,566
1977 $44,496,296 $4,114,670,014
1976 $30,095,602 $3,667,161,241
1975 $33,364,055 $3,538,278,047
1974 $31,514,856 $4,090,209,682
1973 $24,196,018 $3,964,296,443
1972 $22,944,849 $2,189,418,689
1971 $19,624,746 $2,807,258,065
1970 $16,300,000 $2,137,096,774
1969 $15,850,000 $2,004,435,484
1968 $14,600,000 $1,593,674,185
1967 $16,742,338 $1,597,713,469
1966 $14,469,078 $1,809,185,094
1965 $13,593,932 $1,890,767,156
1964 $13,416,633 $1,975,701,816
1963 $12,833,301 $1,539,681,491
1962 $12,541,635 $1,710,004,407
1961 $12,483,302 $1,547,388,781
1960 $12,366,636 $1,242,289,239

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

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

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

Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Kitts Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,961 $34,847 $23,907 $36,418
2023 $22,577 $33,980 $23,019 $34,471
2022 $21,012 $31,871 $20,819 $33,001
2021 $18,361 $26,897 $17,882 $29,432
2020 $18,859 $27,326 $15,758 $25,725
2019 $23,595 $32,482 $18,316 $25,783
2018 $22,901 $30,795 $19,250 $24,386
2017 $22,465 $29,579 $19,185 $23,607
2016 $21,388 $28,215 $17,010 $22,841
2015 $20,329 $26,877 $17,126 $22,169
2014 $20,219 $26,756 $18,322 $21,868
2013 $18,580 $24,624 $18,335 $20,661
2012 $17,532 $23,458 $16,260 $19,495
2011 $17,832 $24,550 $15,132 $19,135
2010 $16,623 $23,691 $12,641 $17,873
2009 $16,503 $23,385 $9,881 $16,422
2008 $16,605 $24,102 $9,424 $15,694
2007 $14,758 $21,301 $7,222 $14,397
2006 $13,838 $20,676 $6,001 $13,179
2005 $11,784 $19,500 $5,284 $12,296
2004 $10,945 $17,276 $4,169 $11,103
2003 $10,176 $16,226 $3,671 $10,303
2002 $10,454 $16,619 $4,150 $10,030
2001 $10,023 $16,235 $6,383 $10,719
2000 $9,320 $15,256 $6,988 $10,929
1999 $9,116 $13,754 $7,371 $10,938
1998 $8,711 $13,319 $7,837 $11,002
1997 $8,627 $13,409 $7,436 $10,461
1996 $7,788 $12,498 $6,398 $9,524
1995 $7,406 $11,747 $6,050 $8,906
1994 $7,065 $11,062 $5,508 $8,897
1993 $6,395 $10,418 $4,753 $8,162
1992 $5,947 $9,652 $4,102 $7,808
1991 $5,465 $9,131 $3,589 $7,112
1990 $5,373 $8,983 $2,995 $6,683
1989 $4,723 - $2,734 -
1988 $4,206 - $2,677 -
1987 $3,573 - $2,416 -
1986 $3,140 - $1,939 -
1985 $2,651 - $1,568 -
1984 $2,341 - $1,615 -
1983 $2,052 - $1,707 -
1982 $2,023 - $3,085 -
1981 $1,894 - $3,728 -
1980 $1,598 - $3,443 -
1979 $1,367 - $2,443 -
1978 $1,144 - $1,678 -
1977 $1,026 - $1,414 -
1976 $692 - $1,268 -
1975 $765 - $1,232 -
1974 $721 - $1,433 -
1973 $551 - $1,397 -
1972 $521 - $776 -
1971 $444 - $1,000 -
1970 $365 - $766 -
1969 $347 - $723 -
1968 $309 - $579 -
1967 $344 - $585 -
1966 $290 - $668 -
1965 $265.8 - $705 -
1964 $256.4 - $745 -
1963 $240.1 - $587 -
1962 $230.3 - $659 -
1961 $225.6 - $604 -
1960 $221.6 - $491 -

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

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

Saint Kitts and Nevis' GDP per capita is $23,961, ranking 51/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Saint Kitts and Nevis ranks 64th at $34,847, while Uruguay ranks 61st at $36,418.

Economic indicators

Saint Kitts Uruguay
Gross domestic product
$1.12B
2024
$81B
2024
GDP rank
187/197
2024
81/197
2024
GDP growth
0.31%
2023-2024
3.11%
2023-2024
GDP per capita
$23,961
2024
$23,907
2024
GDP per capita rank
51/197
2024
52/197
2024
GDP per capita, PPP
$34,847
2024
$36,418
2024
GDP per capita PPP rank
64/197
2024
61/197
2024
Government debt
$604M
2024
$55.6B
2024
Debt-to-GDP ratio
53.8%
2024
68.7%
2024
Government debt per person
$12,897
2024
$16,421
2024
Government debt per person rank
44/185
2024
38/185
2024
Average annual personal income after taxes
$13,301
2026
$12,433
2026
Market capitalization of domestic companies n/a
$284M
1996
Income share by richest 10% n/a
30%
2024
Income share by poorest 10% n/a
2.2%
2024
Government expenditure, % of GDP
43.2%
2024
31.1%
2024
Consumer prices inflation
1.1%
2023-2024
4.85%
2023-2024
Central bank interest rate n/a
8.25%
2025
Unemployment rate
5.12%
2001
8.21%
2024
Population
47017
3382789

Spending and national debt comparison by year

Saint Kitts and Nevis
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Saint Kitts Uruguay
Government spending Government debt Government spending Government debt
2024 43.2% 53.8% 31.1% 68.7%
2023 43.1% 55.7% 30.5% 64%
2022 49.5% 60.3% 30% 59.9%
2021 41.2% 69.1% 30.2% 64.1%
2020 36.5% 68% 32.8% 68.2%
2019 37.2% 54.3% 30.6% 59.6%
2018 33.7% 53.9% 30.3% 57.9%
2017 25.5% 56.2% 29.7% 55.8%
2016 26.1% 57.4% 29.7% 56.4%
2015 29% 62.2% 28.4% 57.8%
2014 28% 69.3% 29.1% 51.1%
2013 28.6% 91.5% 28.8% 50%
2012 27.2% 121.4% 27.7% 49.8%
2011 30.3% 127.1% 26.3% 41.3%
2010 31.2% 134.9% 27.4% 40.9%
2009 30.4% 129.1% 27.2% 46.2%
2008 29.5% 123.4% 26.3% 46.2%
2007 32.2% 135.4% 26.8% 52.8%
2006 32.5% 140.3% 26.8% 61.1%
2005 34.7% 130.1% 26.3% 66.2%
2004 33.7% 153.1% 26.6% 73.7%
2003 30.9% 140.7% 27.7% 91.9%
2002 35.4% 119.7% 27.6% 90.1%
2001 30.9% 105.2% 27.8% 39.4%
2000 34.6% 96.5% 26.6% 30.5%
1999 33.6% 89.2% 27.2% 24.1%
1998 29.1% 79% 27.3% 19.4%
1997 26.3% 67.2% 27.6% 18.8%
1996 26.8% 50.7% 26.5% 18.3%
1995 23.7% - 26.2% 18.5%
1994 22.2% - 29.5% 19.3%
1993 21.3% - 27.7% 20%
1992 19.8% - 23.6% 22.2%
1991 18.2% - 22.2% 20.4%
1990 19.3% - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

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

In 2024, Saint Kitts and Nevis' government spending was $484M, accounting for 43.2% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 53.8% in Saint Kitts and Nevis and 68.7% in Uruguay, ranking 97/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Saint Kitts and Nevis

Uruguay
1x
Year Deficit/surplus, % of GDP
Saint Kitts Uruguay
2024 -11% -3.22%
2023 -0.27% -3.13%
2022 -4.16% -2.52%
2021 5.41% -2.61%
2020 -3.06% -4.64%
2019 -0.7% -2.71%
2018 1.8% -1.89%
2017 1.68% -2.51%
2016 3.77% -2.68%
2015 5.66% -1.86%
2014 8.52% -2.6%
2013 10.9% -1.72%
2012 4.32% -2.17%
2011 1.6% -0.33%
2010 -4.15% -0.39%
2009 -1.23% -1.39%
2008 -1.57% -1.31%
2007 -1.03% -0.16%
2006 -1.37% -0.64%
2005 -3.45% -0.28%
2004 -6.6% -0.87%
2003 -5.66% -2.19%
2002 -11.7% -3.19%
2001 -10.9% -2.85%
2000 -13.3% -2.76%
1999 -11.1% -2.76%
1998 -5.13% -0.76%
1997 -2.33% -0.97%
1996 -2.27% -1.32%
1995 0.9% -1.08%
1994 0.79% -2.37%
1993 0.24% -0.47%
1992 0.5% 0.6%
1991 0.92% 0.88%
1990 0.62% 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

GeoRank.org/economy/saint-kitts-and-nevis/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 35 years, Saint Kitts and Nevis recorded a fiscal deficit in 20 of those years, while Uruguay ran a deficit in 32 years. On average, Saint Kitts and Nevis posted an annual deficit equal to 1.52% of GDP, compared to deficit of 1.67% of GDP for Uruguay.

Inflation comparison by year

Inflation
Saint Kitts and Nevis

Uruguay
1x
Year Consumer prices inflation
Saint Kitts Uruguay
2024 1.1% 4.85%
2023 3.56% 5.87%
2022 2.67% 9.1%
2021 1.2% 7.75%
2020 -1.17% 9.76%
2019 -0.33% 7.88%
2018 -1.04% 7.61%
2017 0.69% 6.22%
2016 -0.69% 9.64%
2015 -2.3% 8.67%
2014 0.25% 8.88%
2013 1.11% 8.58%
2012 0.82% 8.1%
2011 5.84% 8.09%
2010 0.85% 6.7%
2009 2.06% 7.06%
2008 5.3% 7.88%
2007 4.48% 8.11%
2006 8.49% 6.4%
2005 3.38% 4.7%
2004 2.31% 9.16%
2003 2.24% 19.4%
2002 2.04% 14%
2001 2.3% 4.36%
2000 2.15% 4.76%
1999 3.36% 5.66%
1998 3.45% 10.8%
1997 8.91% 19.8%

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

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

Over the past 28 years, Saint Kitts and Nevis has recorded an average annual inflation rate of 2.25%, compared with 8.56% in Uruguay. In 2024, inflation was 1.1% in Saint Kitts and Nevis and 4.85% in Uruguay.

Balance of trade

Saint Kitts Uruguay
Current account balance
-$169M
2024
-$633M
2024
Current account balance ranking
96/190
2024
111/190
2024
Current account balance, % of GDP
-15.1%
2024
-0.78%
2024
Goods imports
$404M
2024
$13B
2024
Goods exports
$33.7M
2024
$16.3B
2024
Service imports
$239M
2024
$6.22B
2024
Service exports
$471M
2024
$7.1B
2024
Imports of goods and services, % of GDP n/a
23.7%
2024
Exports of goods and services, % of GDP
11%
2025
28.8%
2024

Economic freedom indices

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

Saint Kitts Uruguay
Economic freedom 62 69.8
Economic freedom ranking 90/197 39/197
Property rights n/a 87.4
Government integrity n/a 79
Judicial effectiveness n/a 80.9
Tax burden n/a 73.3
Government spending n/a 72
Fiscal health n/a 76.6
Business freedom n/a 83.8
Labor freedom n/a 61.7
Monetary freedom n/a 70.2
Trade freedom n/a 73.2
Investment freedom n/a 50
Financial freedom n/a 30

Other economic metrics

Saint Kitts Uruguay
Services, % of GDP
66.1%
2024
65.3%
2024
Industry, % of GDP
20.9%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
6.42%
2024
GNI, Atlas method
$1.05B
2024
$73.3B
2024
GNI per capita, PPP
$34,460
2024
$34,170
2024
Total reserves including gold
$295M
2024
$17.4B
2024
Total reserves ranking
168/177
2024
66/177
2024
Net foreign direct investment
-$19.5M
2024
$2.58B
2024
Net inflows of foreign direct investment
$42.1M
2024
-$3.94B
2024
Net outflows of foreign direct investment
$8.97M
2024
-$1.37B
2024
Poverty at national poverty lines n/a
17.3%
2024
Gross capital formation, % of GDP n/a
15.6%
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/uruguay | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.

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.