Services sector's value added to GDP in St. Kitts & Nevis

The value added by the services industry to the gross domestic product in St. Kitts & Nevis increased by 41.8 million U.S. dollars (+6.55 percent) compared to the previous year. With 679.91 million U.S. dollars, the value added thereby reached its highest value in the observed period.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate outputs. It refers to the contribution of a sector or industry to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.

Find more statistics on other topics about St. Kitts & Nevis with key insights such as share of value added by the services industry to gross domestic product, share of value added by the manufacturing industry to the gross domestic product, and national gross income per capita.

Value added by the services industry to the gross domestic product (GDP) in Saint Kitts and Nevis from 2014 to 2023 (in million U.S. dollars)

Characteristic	Value in million U.S. dollars
2023	679.91
2022	638.13
2021	575.07
2020	579.71
2019	671.46
2018	652.67
2017	629.87
2016	635.66
2015	611.4
2014	604.57

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Release date

October 2024

More information

Region

St. Kitts & Nevis

Survey time period

2014 to 2023

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

Figures have been rounded.

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