St. Kitts and Nevis Gross Domestic Product (GDP) Summary 2015-2023

Particulars	UNIT	2015	2016	2017	2018	2019	2020	2021	2022	2023
GVA in Basic Prices- CURRENT	EC$M	2,234.53	2,369.70	2,518.29	2,553.87	2,633.13	2,087.49	2,033.44	2,305.57	2,484.31
Growth Rate	%	1.12	6.05	6.27	1.41	3.10	- 20.7	- 2.6	13.4	7.8
Plus: Product Taxes	EC$M	349.97	348.71	335.55	352.82	358.07	299.11	284.84	344.30	365.95
Less: Subsidies	EC$M	-	-	-	-	-	-	-	-	-
GDP in Market Prices	EC$M	2,584.50	2,718.41	2,853.84	2,906.68	2,991.21	2,386.59	2,318.28	2,649.86	2,850.26
Growth Rate	%	0.54	5.18	4.98	1.85	2.91	- 20.2	- 2.9	14.3	7.6
Per Capita GDP- Current Market Prices	EC$	53,696.84	56,198.07	58,704.28	59,493.81	60,919.24	48,363.75	46,745.75	52,694.77	56,118.65

GVA in Basic Prices- CONSTANT	EC$M	1,836.54	1,905.23	1,919.47	1,940.78	2,005.11	1,717.15	1,743.87	1,883.69	1,942.77
Growth Rate	%	2.01	3.74	0.75	1.11	3.31	- 14.4	1.6	8.0	3.1
Plus: Product Taxes	EC$M	336.53	353.29	344.04	368.08	369.12	292.53	275.45	348.12	356.84
Less: Subsidies	EC$M	-	-	-	-	-	-	-	-	-
GDP in Market Prices	EC$M	2,173.06	2,258.52	2,263.51	2,308.86	2,374.23	2,009.68	2,019.32	2,231.81	2,299.61
Growth Rate	%	0.69	3.93	0.22	2.00	2.83	- 15.4	0.5	10.5	3.0
Date: 16/04/2024
Source: Department of Statistics