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

Updated on by Georank team

Saint Kitts and Nevis has a GDP of $1.12B compared to $25.3B for Zambia, ranking 187/197 and 116/197 by economy size, respectively.

Saint Kitts and Nevis has $604M in government debt (53.8% of GDP), compared to $29.1B (114.9% of GDP) in Zambia.

Saint Kitts and Nevis vs Zambia GDP by year

Saint Kitts and Nevis
Zambia
1x
Year GDP, current $
Saint Kitts Zambia
2024 $1,122,388,889 $25,303,185,342
2023 $1,055,651,852 $27,577,956,471
2022 $981,429,630 $29,163,782,140
2021 $858,622,222 $22,096,416,932
2020 $883,922,222 $18,137,764,931
2019 $1,107,855,556 $23,308,667,781
2018 $1,076,548,148 $26,311,507,274
2017 $1,056,977,778 $25,873,601,261
2016 $1,006,818,519 $20,958,412,538
2015 $957,222,222 $21,251,216,799
2014 $952,111,111 $27,141,023,558
2013 $874,548,148 $28,037,239,463
2012 $824,585,185 $25,503,060,420
2011 $836,092,593 $23,459,515,276
2010 $778,718,519 $20,265,559,484
2009 $774,274,074 $15,328,342,304
2008 $777,692,593 $17,910,858,638
2007 $689,285,185 $14,056,957,976
2006 $644,414,815 $12,756,858,899
2005 $547,203,704 $8,331,870,169
2004 $506,900,000 $6,221,110,219
2003 $469,869,870 $4,901,869,764
2002 $481,077,374 $4,193,850,445
2001 $458,643,829 $4,094,441,301
2000 $421,695,770 $3,600,632,111
1999 $406,595,484 $3,404,284,891
1998 $383,257,331 $3,537,741,942
1997 $374,641,308 $4,303,288,480
1996 $333,944,444 $3,597,220,962
1995 $313,485,185 $3,806,983,413
1994 $295,159,259 $3,656,806,166
1993 $263,755,556 $3,273,505,344
1992 $242,137,037 $3,182,810,841
1991 $220,540,741 $3,376,806,697
1990 $217,259,259 $3,288,381,797
1989 $192,518,519 $3,994,673,161
1988 $172,692,593 $3,728,878,149
1987 $147,748,148 $2,265,250,972
1986 $130,685,185 $1,664,413,508
1985 $111,007,407 $2,252,454,500
1984 $98,603,704 $2,719,518,933
1983 $86,874,074 $3,321,048,451
1982 $86,022,222 $3,871,117,093
1981 $80,888,889 $4,008,126,497
1980 $68,459,259 $3,884,530,854
1979 $58,840,741 $3,353,445,378
1978 $49,433,333 $2,811,032,473
1977 $44,496,296 $2,515,296,940
1976 $30,095,602 $2,742,859,263
1975 $33,364,055 $2,442,672,141
1974 $31,514,856 $2,910,981,262
1973 $24,196,018 $2,434,255,237
1972 $22,944,849 $1,872,416,680
1971 $19,624,746 $1,653,259,341
1970 $16,300,000 $1,788,779,285
1969 $15,850,000 $1,926,399,230
1968 $14,600,000 $1,573,739,371
1967 $16,742,338 $1,340,639,464
1966 $14,469,078 $1,238,999,505
1965 $13,593,932 $1,061,199,576
1964 $13,416,633 $822,639,671
1963 $12,833,301 $704,339,719
1962 $12,541,635 $679,279,729
1961 $12,483,302 $682,359,727
1960 $12,366,636 $698,739,721

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

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

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

Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Kitts Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,961 $34,847 $1,187 $4,215
2023 $22,577 $33,980 $1,331 $4,077
2022 $21,012 $31,871 $1,447 $3,841
2021 $18,361 $26,897 $1,127 $3,503
2020 $18,859 $27,326 $952 $3,157
2019 $23,595 $32,482 $1,259 $3,361
2018 $22,901 $30,795 $1,464 $3,442
2017 $22,465 $29,579 $1,483 $3,392
2016 $21,388 $28,215 $1,239 $3,313
2015 $20,329 $26,877 $1,296 $3,337
2014 $20,219 $26,756 $1,707 $3,441
2013 $18,580 $24,624 $1,821 $3,477
2012 $17,532 $23,458 $1,710 $3,324
2011 $17,832 $24,550 $1,625 $3,228
2010 $16,623 $23,691 $1,451 $3,098
2009 $16,503 $23,385 $1,136 $2,872
2008 $16,605 $24,102 $1,376 $2,708
2007 $14,758 $21,301 $1,119 $2,555
2006 $13,838 $20,676 $1,052 $2,378
2005 $11,784 $19,500 $711 $2,213
2004 $10,945 $17,276 $549 $2,068
2003 $10,176 $16,226 $446 $1,942
2002 $10,454 $16,619 $394 $1,837
2001 $10,023 $16,235 $397 $1,785
2000 $9,320 $15,256 $359 $1,709
1999 $9,116 $13,754 $350 $1,654
1998 $8,711 $13,319 $373 $1,601
1997 $8,627 $13,409 $466 $1,631
1996 $7,788 $12,498 $400 $1,585
1995 $7,406 $11,747 $433 $1,501
1994 $7,065 $11,062 $426 $1,464
1993 $6,395 $10,418 $391 $1,607
1992 $5,947 $9,652 $389 $1,505
1991 $5,465 $9,131 $423 $1,534
1990 $5,373 $8,983 $422 $1,522
1989 $4,723 - $526 -
1988 $4,206 - $504 -
1987 $3,573 - $315 -
1986 $3,140 - $238.2 -
1985 $2,651 - $332 -
1984 $2,341 - $413 -
1983 $2,052 - $520 -
1982 $2,023 - $627 -
1981 $1,894 - $670 -
1980 $1,598 - $669 -
1979 $1,367 - $595 -
1978 $1,144 - $514 -
1977 $1,026 - $474 -
1976 $692 - $533 -
1975 $765 - $490 -
1974 $721 - $601 -
1973 $551 - $518 -
1972 $521 - $410 -
1971 $444 - $372 -
1970 $365 - $414 -
1969 $347 - $459 -
1968 $309 - $387 -
1967 $344 - $341 -
1966 $290 - $325 -
1965 $265.8 - $287.4 -
1964 $256.4 - $230 -
1963 $240.1 - $203.2 -
1962 $230.3 - $202.3 -
1961 $225.6 - $209.7 -
1960 $221.6 - $221.6 -

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

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

Saint Kitts and Nevis' GDP per capita is $23,961, ranking 51/197, compared to $1,187 in Zambia, ranking 169/197. Adjusted for purchasing power (GDP per capita PPP), Saint Kitts and Nevis ranks 64th at $34,847, while Zambia ranks 166th at $4,215.

Economic indicators

Saint Kitts Zambia
Gross domestic product
$1.12B
2024
$25.3B
2024
GDP rank
187/197
2024
116/197
2024
GDP growth
0.31%
2023-2024
3.82%
2023-2024
GDP per capita
$23,961
2024
$1,187
2024
GDP per capita rank
51/197
2024
169/197
2024
GDP per capita, PPP
$34,847
2024
$4,215
2024
GDP per capita PPP rank
64/197
2024
166/197
2024
Government debt
$604M
2024
$29.1B
2024
Debt-to-GDP ratio
53.8%
2024
114.9%
2024
Government debt per person
$12,897
2024
$1,365
2024
Government debt per person rank
44/185
2024
134/185
2024
Average annual personal income after taxes
$13,301
2026
$1,349
2026
Market capitalization of domestic companies n/a
$7.77B
2024
Income share by richest 10% n/a
39.1%
2022
Income share by poorest 10% n/a
1.5%
2022
Government expenditure, % of GDP
43.2%
2024
25.5%
2024
Consumer prices inflation
1.1%
2023-2024
15%
2023-2024
Central bank interest rate n/a
14.3%
2025
Unemployment rate
5.12%
2001
5.86%
2023
Population
47017
22697916

Spending and national debt comparison by year

Saint Kitts and Nevis
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Saint Kitts Zambia
Government spending Government debt Government spending Government debt
2024 43.2% 53.8% 25.5% 114.9%
2023 43.1% 55.7% 27.4% 129.1%
2022 49.5% 60.3% 28.2% 99.5%
2021 41.2% 69.1% 30.5% 111%
2020 36.5% 68% 34% 140%
2019 37.2% 54.3% 29.8% 103.3%
2018 33.7% 53.9% 27.7% 81.2%
2017 25.5% 56.2% 25% 66.6%
2016 26.1% 57.4% 23.9% 61.2%
2015 29% 62.2% 27.6% 61.9%
2014 28% 69.3% 24.3% 33.9%
2013 28.6% 91.5% 24% 25.9%
2012 27.2% 121.4% 21.9% 24.9%
2011 30.3% 127.1% 19.5% 20.8%
2010 31.2% 134.9% 18.1% 18.9%
2009 30.4% 129.1% 17.8% 20.5%
2008 29.5% 123.4% 19.5% 19.2%
2007 32.2% 135.4% 19.9% 21.9%
2006 32.5% 140.3% 19.7% 25%
2005 34.7% 130.1% 22.5% 75.7%
2004 33.7% 153.1% 23.3% 129.9%
2003 30.9% 140.7% 27.3% 159.5%
2002 35.4% 119.7% 27.6% 180.2%
2001 30.9% 105.2% 28% 210.2%
2000 34.6% 96.5% 21.4% 261%
1999 33.6% 89.2% - -
1998 29.1% 79% - -
1997 26.3% 67.2% - -
1996 26.8% 50.7% - -
1995 23.7% - - -
1994 22.2% - - -
1993 21.3% - - -
1992 19.8% - - -
1991 18.2% - - -
1990 19.3% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Saint Kitts and Nevis' government spending was $484M, accounting for 43.2% of its GDP, while Zambia spent $6.45B, or 25.5% of GDP.

Debt-to-GDP ratio is 53.8% in Saint Kitts and Nevis and 114.9% in Zambia, ranking 97/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
Saint Kitts and Nevis

Zambia
1x
Year Deficit/surplus, % of GDP
Saint Kitts Zambia
2024 -11% -3.32%
2023 -0.27% -5.48%
2022 -4.16% -7.82%
2021 5.41% -8.13%
2020 -3.06% -13.8%
2019 -0.7% -9.41%
2018 1.8% -8.31%
2017 1.68% -7.5%
2016 3.77% -5.69%
2015 5.66% -8.88%
2014 8.52% -5.43%
2013 10.9% -6.4%
2012 4.32% -3.16%
2011 1.6% -1.78%
2010 -4.15% -2.43%
2009 -1.23% -2.06%
2008 -1.57% -0.67%
2007 -1.03% -1.04%
2006 -1.37% 16.9%
2005 -3.45% -2.37%
2004 -6.6% -2.51%
2003 -5.66% -5.31%
2002 -11.7% -4.5%
2001 -10.9% -5.89%
2000 -13.3% 1.16%
1999 -11.1% -
1998 -5.13% -
1997 -2.33% -
1996 -2.27% -
1995 0.9% -
1994 0.79% -
1993 0.24% -
1992 0.5% -
1991 0.92% -
1990 0.62% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/saint-kitts-and-nevis/zambia | 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 Zambia's deficit of $840M, or 3.32% of GDP.

Over the past 25 years, Saint Kitts and Nevis recorded a fiscal deficit in 16 of those years, while Zambia ran a deficit in 23 years. On average, Saint Kitts and Nevis posted an annual deficit equal to 1.46% of GDP, compared to deficit of 4.15% of GDP for Zambia.

Inflation comparison by year

Inflation
Saint Kitts and Nevis

Zambia
1x
Year Consumer prices inflation
Saint Kitts Zambia
2024 1.1% 15%
2023 3.56% 10.9%
2022 2.67% 11%
2021 1.2% 22%
2020 -1.17% 15.7%
2019 -0.33% 9.2%
2018 -1.04% 7.5%
2017 0.69% 6.6%
2016 -0.69% 17.9%
2015 -2.3% 10.1%
2014 0.25% 7.8%
2013 1.11% 7%
2012 0.82% 6.6%
2011 5.84% 8.7%
2010 0.85% 8.5%
2009 2.06% 13.4%
2008 5.3% 12.4%
2007 4.48% 10.7%
2006 8.49% 9%
2005 3.38% 18.3%
2004 2.31% 18%
2003 2.24% 21.4%
2002 2.04% 22.2%
2001 2.3% 21.4%
2000 2.15% 24.1%
1999 3.36% 23.9%
1998 3.45% 22.7%
1997 8.91% 21.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Saint Kitts and Nevis has recorded an average annual inflation rate of 2.25%, compared with 14.4% in Zambia. In 2024, inflation was 1.1% in Saint Kitts and Nevis and 15% in Zambia.

Balance of trade

Saint Kitts Zambia
Current account balance
-$169M
2024
-$487M
2024
Current account balance ranking
96/190
2024
106/190
2024
Current account balance, % of GDP
-15.1%
2024
-1.93%
2024
Goods imports
$404M
2024
$10.1B
2024
Goods exports
$33.7M
2024
$11.4B
2024
Service imports
$239M
2024
$1.94B
2024
Service exports
$471M
2024
$1.38B
2024
Imports of goods and services, % of GDP n/a
27.6%
2024
Exports of goods and services, % of GDP
11%
2025
35%
2024

Economic freedom indices

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

Saint Kitts Zambia
Economic freedom 62 51.9
Economic freedom ranking 90/197 152/197
Property rights n/a 43.9
Government integrity n/a 39.3
Judicial effectiveness n/a 45
Tax burden n/a 74.3
Government spending n/a 78.1
Fiscal health n/a 30.9
Business freedom n/a 53.4
Labor freedom n/a 48.8
Monetary freedom n/a 66.6
Trade freedom n/a 62.8
Investment freedom n/a 40
Financial freedom n/a 40

Other economic metrics

Saint Kitts Zambia
Services, % of GDP
66.1%
2024
57.2%
2024
Industry, % of GDP
20.9%
2024
35.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
2.83%
2024
GNI, Atlas method
$1.05B
2024
$25.9B
2024
GNI per capita, PPP
$34,460
2024
$3,850
2024
Total reserves including gold
$295M
2024
$4.09B
2024
Total reserves ranking
168/177
2024
106/177
2024
Net foreign direct investment
-$19.5M
2024
-$1.32B
2024
Net inflows of foreign direct investment
$42.1M
2024
$2.36B
2024
Net outflows of foreign direct investment
$8.97M
2024
$311M
2024
Servicing debt to the IMF, % of GNI n/a
16.9%
2024
Poverty at national poverty lines n/a
60%
2022
Gross capital formation, % of GDP n/a
23.8%
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/zambia | 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. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. 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.