Source: world bank Nominal/PPP
Summary:
St. Kitts and Nevis GDP Per Capita expanded from 1960 to 2024, increasing from $221.58 to $23,960.65 .The compound annual growth rate (CAGR) averaged 7.59% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 22.18%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
St. Kitts and Nevis Economic Phases (1960 - 2024)
From 1960 to 2024, St. Kitts and Nevis economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1961–1963) indicating steady moderate growth
- High Growth (1966–1967) indicating robust economic expansion
- High Growth (1969–1975) indicating robust economic expansion
- High Growth (1977–1982) indicating robust economic expansion
- High Growth (1984–1990) indicating robust economic expansion
- High Growth (1992–1994) indicating robust economic expansion
- High Growth (1996–1997) indicating robust economic expansion
- Expansion (1998–2000) indicating steady moderate growth
- High Growth (2004–2008) indicating robust economic expansion
- High Growth (2013–2014) indicating robust economic expansion
- High Growth (2016–2017) indicating robust economic expansion
- Expansion (2018–2019) indicating steady moderate growth
- High Growth (2022–2024) indicating robust economic expansion
The most remarkable growth occurred in 1977 with an increase of 48.273%, while the largest decline was in 2020 at -20.074%.