as undertaken a program designed to
revitalize the faltering sugar sector. It is also working to improve
revenue collection in order to better fund social programs. In 1997
some leaders in Nevis were urging separation from Saint Kitts on the
basis that Nevis was paying far more in taxes than it was receiving in
government services, but the vote on cessation failed in August 1998.
In late September 1998, Hurricane Georges caused approximately $445
million in damages and limited GDP growth for the year.
GDP: purchasing power parity - $244 million (1998 est.)
GDP - real growth rate: 1.6% (1998 est.)
GDP - per capita: purchasing power parity - $6,000 (1998 est.)
GDP - composition by sector:
agriculture: 5.5%
industry: 22.5%
services: 72% (1996)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 1% (1998 est.)
Labor force: 18,172 (June 1995)
Labor force - by occupation: NA
Unemployment rate: 4.5% (1997)
Budget:
revenues: $64.1 million
expenditures: $73.3 million, including capital expenditures of $10.4
million (1997 est.)
Industries: sugar processing, tourism, cotton, salt, copra, clothing,
footwear, beverages
Industrial production growth rate: NA%
Electricity - production: 85 million kWh (1998)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)
Electricity - consumption: 79 million kWh (1998)
Electricity - exports: 0 kWh (1998)
Electricity - imports: 0 kWh (1998)
Agriculture - products: sugarcane, rice, yams, vegetables, bananas;
fish
Exports: $42 million (1998)
Exports - commodities: machinery, food, electronics, beverages,
tobacco
Exports - partners: US 68.5%, UK 22.3%, Caricom countries 5.5% (1995
est.)
Imports: $160 million (1998)
Imports - commodities: machinery, manufactures, food, fuels
Imports - partners: US 42.4%, Caricom countries 17.2%, UK 11.3% (1995
est.)
Debt - external: $62 million (1997)
Economic aid - recipient: $5.5 million (1995)
Currency: 1 East Caribbean dollar (EC$) = 100 cents
Exchange rates: East Caribbean dollars (EC$) per US$1 - 2.7000 (fixed
rate since 1976)
Fiscal year: calendar year
@Saint Kitts and Nevis:Communications
Telephones - main lines in use: 14,000 (1995)
Telephones - mobile cellular: 0 (1995)
Telephone system: good interisland VHF/UHF/SHF radiotelephone
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