Saint Kitts and Nevis

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Federation of Saint Kitts and Nevis


Flag of Saint Kitts and Nevis.png
Arms of Saint Kitts and Nevis.png
Flag Coat of Arms
Capital Basseterre
Government Parliamentary Democracy
Language English (official)
Monarch Queen Elizabeth II
Prime minister Timothy Harris
Population 50.314
GDP per capita $10,143

Saint Kitts and Nevis is an island nation in the Caribbean Sea. It is a Commonwealth realm, with an area of 261 km2 and a population of 50,726 (July 2011 estimate).

Economy

Saint Kitts and Nevis is a twin-island federation whose economy is characterised by its dominant tourism, agriculture, and light manufacturing industries. Sugar was the primary export from the 1940s on, but rising production costs, low world market prices, and the government's efforts to reduce dependence on it have led to a growing diversification of the agricultural sector. In 2005, the government decided to close down the state-owned sugar company, which had experienced losses and was a significant contributor to the fiscal deficit.