The GDP composition by sector in Saint Kitts and Nevis reflects a diverse economy predominantly driven by services, which accounted for 43.58%. The construction sector contributed 19.67%, while wholesale, retail trade, restaurants, and hotels made up 15.27%. Transport, storage, and communication combined for 12.03%, with mining, manufacturing, and utilities contributing 8.33%. Agriculture, hunting, forestry, and fishing had a minor share of 1.13%. Year-on-year changes show moderate growth in services and construction, while agriculture remains stable with negligible growth. The five-year compound annual growth rate indicates an average economic shift towards services and construction as primary sectors.
Future trends to watch for include:
- Continued growth in the services sector with a focus on tourism and hospitality.
- Potential expansion in the construction industry driven by infrastructure development.
- Innovation and digital transformation in transport, communication, and retail sectors.
- Agricultural and environmental adaptation strategies to enhance sustainability.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 43.58 | 2016 | |
| 2 | 2 Construction | 19.67 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 15.27 | 2016 | |
| 4 | 4 Transport, storage and communication | 12.03 | 2016 | |
| 5 | 5 Mining, Manufacturing, Utilities | 8.33 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 1.13 | 2016 |
