Services sector share of GDP in St. Kitts & Nevis 2022

The share of value added by the services industry to gross domestic product in St. Kitts & Nevis increased by 3.4 percentage points (+5.26 percent) in 2022. Therefore, the share in St. Kitts & Nevis reached a peak in 2022 with 68.07 percent.
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 manufacturing industry to the gross domestic product, national gross income per capita, and value added to gross domestic product by the manufacturing sector.

Share of value added by the services industry to gross domestic product (GDP) in Saint Kitts and Nevis from 2006 to 2022

Characteristic	Share of GDP
2022	68.07%
2021	64.69%
2020	64.14%
2019	62.77%
2018	63.3%
2017	61.94%
2016	62.82%
2015	63.86%
2014	64.81%
2013	67.08%
2012	67.68%
2011	64.89%
2010	65.8%
2009	65.73%
2008	65.1%
2007	64.15%
2006	62.44%

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Release date

September 2023

More information

Region

Saint Kitts and Nevis

Survey time period

2006 to 2022

Supplementary notes

Data represents the share of value added by wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. 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.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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