Saint Kitts and Nevis Business

By | March 3, 2021


According to countryaah, Saint Christopher and Nevis have had a relatively favorable economic development. However, this has not cured the underemployment and unemployment, which, like everywhere in the Caribbean, is high. Agriculture with a focus on sugar is the traditional main industry; sugar has been responsible for the bulk of exports for many years. As sugar production has become increasingly unprofitable, attempts have been made to replace sugarcane cultivation with other crops (including cotton and coconuts). In 2005, the government decided on the dramatic measure to shut down the state-owned sugar industry. To alleviate the effects of the closure, the country received a grant from the EU of US $ 10 million.

  • According to abbreviationfinder, KN is the 2 letter abbreviation for the country of St. Kitts and Nevis.

Gross Domestic Product (GDP) of Saint Kitts and Nevis

The country is not self-sufficient in food but must import up to half of its needs. The industry is small and mainly comprises the processing of agricultural products and the manufacture of consumer goods (shoes, clothes, beer and rum). Saint Christopher and Nevi’s main trading partners are the United States, Canada and Trinidad and Tobago.

The trade deficit is mainly covered by revenues from the tourism industry, which has developed rapidly since the late 1970s. The country is visited annually by more than 100,000 people, of which more than half cruise passengers. The largest tourist facilities on Saint Christopher and Nevis are located southeast of Basseterre on Frigate Bay, but also on Nevis are luxurious facilities. The foremost historical monument is the impressive Brimstone Hill fortress, since 1999 listed on UNESCO’s World Heritage List, south of the small town of Sandy Point on the west coast of Saint Christopher.

Tourism and gastronomy

Tourism plays a major role in the country’s economy. More than 100,000 visitors per year, of which more than half cruise passengers, account for about half of the country’s export revenue. The largest tourist facilities at Saint Christopher are located southeast of Basseterre at Frigate Bay, but also at Nevis there are luxurious facilities. The foremost historical memorial is the impressive Brimstone Hill fortress south of the small town of Sandy Point on the west coast of Saint Christopher. In addition to these, mainly the fine sandy beaches and scenery in the mountainous parts of the country attract.

From the Arawak Indians, corn, cassava and chilli have been mixed with the fruits of okra and akee (a cold plant) introduced by African slaves, the Indian curry and the rich catches of seafood. Peanuts or pickled mangoes are often flavored with fish or meat dishes; stew on goat meat and intestines with vegetables is common, bread with peanuts in for shrimp stew as well. Stuffed crab, skewers of meat mixed with chili fruits and pineapple and so the ubiquitous callaloo, soup on taro leaves with crab meat and okra, are a few examples of the variety in the rich and mixed cuisine on the islands.