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

In 2021, the value added by the services industry to the gross domestic product in St. Kitts & Nevis remained nearly unchanged at around 573.78 million U.S. dollars. Still, 2021 marked the second consecutive decline of the value added.

Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production.
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 2012 to 2021 (in million U.S. dollars)

Characteristic	Value in million U.S. dollars
2021	573.78
2020	578.41
2019	669.7
2018	650.66
2017	627.27
2016	635.27
2015	611.2
2014	604.07
2013	577.51
2012	562.45

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Release date

March 2023

More information

Region

St. Kitts & Nevis

Survey time period

2012 to 2021

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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