Saint Kitts and Nevis: public finances

What is the budget deficit of St Kitts and Nevis?

The federal government of St Kitts and Nevis ran an overall deficit of EC$404.9 million in 2025, equal to 12.8% of GDP, up from 9.7% in 2024, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for the country. As recently as 2023 the budget was in small surplus.

The main change is lower citizenship by investment (CBI) revenue, which fell to 3.7% of GDP from 8.1% in 2024, and 25.3% in 2022. The bank links the fall to international regulatory scrutiny, programme reforms and competition from other programmes. Tax revenue was 17.1% of GDP, and capital spending of EC$239.1 million was above the budgeted EC$209.6 million.

Official sources: ECCB: St Kitts and Nevis Economic and Financial Review, 2025 update (PDF)

What is the debt to GDP ratio of St Kitts and Nevis?

Public sector debt in St Kitts and Nevis was EC$1,728.0 million at the end of 2025, equal to 54.5% of GDP, almost unchanged from 54.4% in 2024, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for the country. The ratio was 71.7% in 2021.

The debt is below the Eastern Caribbean Currency Union's regional target of 60% of GDP. However, the bank's baseline projection, which assumes no policy adjustment and no rebound in CBI receipts, has debt rising to 86.9% of GDP by 2035, because of sustained primary deficits. Most of the 2025 deficit was financed domestically.

Official sources: ECCB: St Kitts and Nevis Economic and Financial Review, 2025 update (PDF)

What is Saint Kitts and Nevis' national debt?

In 2025, general government gross debt in Saint Kitts and Nevis was 58.7% of GDP, according to the IMF. Since 2005 it has ranged from 54.7% of GDP (2018) to 134.9% of GDP (2010). Latin America & Caribbean median: 65.6% of GDP; Saint Kitts and Nevis is 21st highest of 31. Of 185 countries with 2025 data, 81st highest.

What is Saint Kitts and Nevis' budget deficit?

The IMF puts general government net lending or borrowing in Saint Kitts and Nevis at -11.8% of GDP in 2025, a deficit. That is the lowest since at least 2005. Across Latin America & Caribbean the middle value was -2.8% of GDP, and Saint Kitts and Nevis placed 31st highest of 32. Worldwide: 180th of 188.

How much revenue does Saint Kitts and Nevis' government raise?

The latest figure from the IMF, for 2025, is 30.9% of GDP. The peak was 47.5% of GDP in 2021 and the low 27.0% of GDP in 2010. Latin America & Caribbean median: 24.9% of GDP; Saint Kitts and Nevis is 6th highest of 32. Worldwide: 73rd of 187.

How much does Saint Kitts and Nevis' government spend?

42.6% of GDP: that is general government spending in Saint Kitts and Nevis for 2025, according to the IMF. The peak was 50.4% of GDP in 2022 and the low 25.5% of GDP in 2017. It is 3rd highest of 32 in Latin America & Caribbean, where the median is 26.7% of GDP. World rank, highest first: 44th of 186.

What is Saint Kitts and Nevis' tax to GDP ratio?

In 2020, central government tax revenue in Saint Kitts and Nevis was 15.0% of GDP, according to the IMF. That is the lowest since at least 2005. Across Latin America & Caribbean the middle value was 13.9% of GDP, and Saint Kitts and Nevis placed 8th highest of 19. World rank, highest first: 72nd of 136.