; People's Action
Movement or PAM [Lindsey GRANT]; Saint Kitts and Nevis Labor Party or
SKNLP [Dr. Denzil DOUGLAS]
Political pressure groups and leaders: NA
International organization participation: ACP, C, Caricom, CDB, ECLAC,
FAO, G-77, IBRD, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO,
Interpol, IOC, OAS, OECS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO,
UNIDO, UPU, WCL, WHO, WIPO, WTrO
Diplomatic representation in the US: Ambassador Dr. Izben Cordinal
WILLIAMS chancery: 686-2636 FAX: [1] (202) 686-5740
Diplomatic representation from the US: the US does not have an embassy
in Saint Kitts and Nevis; the US Ambassador in Barbados is accredited
to Saint Kitts and Nevis
Flag description: divided diagonally from the lower hoist side by a
broad black band bearing two white, five-pointed stars; the black band
is edged in yellow; the upper triangle is green, the lower triangle is red
Economy Saint Kitts and Nevis
Economy - overview: Sugar was the traditional mainstay of the
St. Kitts economy until the 1970s. Although the crop still dominates
the agricultural sector, activities such as tourism, export-oriented
manufacturing, and offshore banking have assumed larger roles in the
economy. As tourism revenues are now the chief source of the islands'
foreign exchange, a decline in stopover tourist arrivals following
the September 11 terrorist attacks has eroded government finances. The
government revised estimates of 2001 growth down to 1% and faces dim
recovery prospects in 2002, given the depressed state of the tourism
industry, low sugar prices, and a growing budget deficit.
GDP: purchasing power parity - $339 million (2001 est.)
GDP - real growth rate: 1% (2001 est.)
GDP - per capita: purchasing power parity - $8,700 (2001 est.)
GDP - composition by sector: agriculture: 3.5% industry: 25.8% services:
70.7% (2001)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 1.7% (2001 est.)
Labor force: 18,172 (June 1995)
Labor force - by occupation: NA
Unemployment rate: 4.5% (1997)
Budget: revenues: $85.7 million expenditures: $95.6 million, including
capital expenditures of $NA (2001 est.)
Industries: sugar processing, tourism, cotton, salt, copra, clothing,
footwear, beverages
Industrial production growth rate: NA%
Electricity - production: 95 million
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