d on a
program to diversify the agricultural sector and to stimulate other
sectors of the economy. Activities such as tourism, export-oriented
manufacturing, and offshore banking have assumed larger roles in the
economy and have contributed to the recent robust growth. Tourism
revenues are now the chief source of the islands' foreign exchange;
about 341,800 tourists visited Nevis in 2005. The current government
is constrained by a high debt burden, public debt reached 190% of
GDP by the end of 2005, largely attributable to public enterprise
losses.

GDP (purchasing power parity):

$721 million (2007 est.)

GDP (official exchange rate):

$527 million (2007 est.)

GDP - real growth rate:

3.3% (2007 est.)

GDP - per capita (PPP):

$13,900 (2007 est.)

GDP - composition by sector:

agriculture: 3.5%
industry: 25.8%
services: 70.7% (2001)

Labor force:

18,170 (June 1995)

Unemployment rate:

4.5% (1997)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $89.7 million
expenditures: $128.2 million (2003 est.)

Fiscal year:

calendar year

Inflation rate (consumer prices):

4.5% (2007 est.)

Central bank discount rate:

6.5% (31 December 2007)

Commercial bank prime lending rate:

9.28% (31 December 2007)

Stock of money:

$97.31 million (31 December 2007)

Stock of quasi money:

$688.6 million (31 December 2007)

Stock of domestic credit:

$782.4 million (31 December 2007)

Agriculture - products:

sugarcane, rice, yams, vegetables, bananas; fish

Industries:

tourism, cotton, salt, copra, clothing, footwear, beverages

Industrial production growth rate:

NA%

Electricity - production:

130 million kWh (2006 est.)

Electricity - consumption:

120.9 million kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Oil - production:

0 bbl/day (2007 est.)

Oil - consumption:

950 bbl/day (2006 est.)

Oil - exports:

0 bbl/day (2005)

Oil - imports:

917.8 bbl/day (2005)

Oil - proved reserves:

0 bbl (1 January 2006 est.)

Natural gas - production:

0 cu m (2007 est.)

Natural gas - consumption:

0 cu m (2007 est.)

Natural g