A rebound in tourism has powered growth in the past two years. The economy expanded an estimated 3.4 percent in 2023 after a growth of 8.8 percent in 2022. GDP is expected to return to the pre-pandemic level this year.

St. Kitts and Nevis continues to recover from the pandemic and cost of living crisis. The general government has ended 2023 with a surplus, thanks to fiscal prudence and the outperformance of the citizenship-by-investment program (CBI). The outlook is positive, particularly as large-scale renewable energy projects begin to be implemented. Nonetheless, there are still important downside risks ahead potentially from a less hospitable external environment, natural disasters, or CBI underperformance. Increasing the effectiveness of government spending, improving the tax system, setting up a Sustainability and Resilience Fund, and putting in place an explicit fiscal rule would help strengthen the fiscal framework and insulate the country from possible shocks. There is also a need to reform the pension system and increase investments in both renewable energy and climate adaptation. Addressing vulnerabilities in the banking sector would improve financial stability, and greater accountability and transparency in the management of CBI resources would strengthen the integrity of the program.

Annual GDP: 1,000 million USD

Annual Tourists: approx 114,000

Total Population: appprox 0.053192 million

Total Working Population: approx 26,000

Population Density: 205 persons per square kilometre

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