St. Kitts and Nevis - Balance of payments

Earnings from tourism and overseas remittances largely offset the trade deficit. From 1988 to 1990, the current account deficit increased from 21% of GDP to nearly 35% of GDP, but went down to about 20% in 1998. The 11 September 2001 terrorist attacks on the US negatively impacted the Saint Kitts and Nevis tourism industry.

The US Central Intelligence Agency (CIA) reports that in 2000 the purchasing power parity of Saint Kitts and Nevis's exports was $517 million while imports totaled $141.3 million resulting in a trade surplus of $375.7 million.

The International Monetary Fund (IMF) reports that in 2000 Saint Kitts and Nevis had exports of goods totaling $55 million and imports totaling $173 million. The services credit totaled $97 million and debit $74 million. The following table summarizes Saint Kitts and Nevis's balance of payments as reported by the IMF for 2000 in millions of US dollars.