Market Research In Saint Kitts and Nevis

Saint Kitts and Nevis Profile:

  • Saint Kitts and Nevis, also known as the Federation of Saint Christopher and Nevis, is an island country in the West Indies.
  • The country consists of two main islands, Saint Kitts and Nevis. The highest peak, at 1,156 meters (3,793 ft), is Mount Liamuiga on St. Kitts.
  • Like other tourist destinations in the Caribbean, Saint Kitts and Nevis are vulnerable to damage from natural disasters and shifts in tourism demand.
  • Saint Kitts and Nevis is a full and participating member of the Caribbean Community (CARICOM) and the Organisation of Eastern Caribbean States (OECS).
  • In July 2015, St Kitts & Nevis and the Republic of Ireland signed a tax agreement to “promote international co-operation in tax matters through exchange of information.”

Saint Kitts and Nevis Economy:

  • Saint Kitts and Nevis is a twin-island federation whose economy is characterized by its dominant tourism, agriculture and light manufacturing industries.
  • The economy of Saint Kitts and Nevis depends on tourism; since the 1970s, tourism has replaced sugar as the economy’s traditional mainstay.
  • The agricultural, tourism, export-oriented manufacturing, and offshore-banking sectors are being developed and are now taking larger roles in the country’s economy.
  • Reduced tourism arrivals and foreign investment led to an economic contraction in the 2009-2013 period, and the economy returned to growth only in 2014.
  • Saint Kitts and Nevis is among other countries in the Caribbean that supplement their economic activity through economic citizenship programs, whereby foreigners can obtain citizenship from Saint Kitts and Nevis by investing there

Saint Kitts and Nevis Facts:

  • Population: 52,715
  • Capital: Basseterre
  • Largest city: Basseterre
  • Area: 261 sq km
  • Major language: English (official)
  • Major religion: Anglican, other Protestant, Roman Catholic
  • Life expectancy: 73.5 years (Male), 78.4 years (Female)
  • Monetary unit: 1 East Caribbean Dollar(EC$, XCD) = 100 Cents
  • Main exports: Machinery, food, electronics, beverages, tobacco
  • GNI per Capita: $25,690

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