St. Kitts and Nevis: Recent Economic Developments

August 18, 1997

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St. Kitts and Nevis: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed December 26, 2024

Summary

This paper reviews economic developments in St. Kitts and Nevis during 1995–96. Output performance was robust in 1996, showing a strong recovery from hurricanes Luis and Marilyn, which damaged the country in September 1995. Real GDP growth was 5.8 percent in 1996, compared with 3.7 percent in 1995, largely because of a strong rebound in agriculture and tourism and related sectors. Domestic expenditures increased an average of 10 percent a year over 1995–96. The increase in 1995 reflects a surge in both public and private capital expenditures following the hurricanes.

Subject: Agricultural commodities, Commercial banks, Commodities, Credit, Economic sectors, Exports, Financial institutions, International trade, Public enterprises, Public sector

Keywords: Agricultural commodities, Banking system, Caribbean, Commercial banks, Consumer goods, CR, Customer base, Enclave firm, Exports, Import quota, Interest rate, ISCR, Liquid asset ratio, North America, Preference shares, Public enterprises, Public sector, Real GDP

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/070
Stock No:

1KNAEA0011997
ISBN:

9781451821932
ISSN:

1934-7685

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