Fiscal Year Gross Domestic Product for St. Kitts and Nevis
SKNNGDPFY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,534,545,733.30
Year-over-Year Change
63.49%
Date Range
1/1/2011 - 1/1/2024
Summary
The Fiscal Year Gross Domestic Product for St. Kitts and Nevis is a key economic indicator that measures the total value of goods and services produced in the country over a fiscal year. This metric is vital for assessing the overall health and performance of the St. Kitts and Nevis economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Fiscal Year GDP for St. Kitts and Nevis represents the broadest measure of economic activity and production within the country. It is a widely-tracked statistic used by economists, policymakers, and analysts to evaluate macroeconomic trends, make informed decisions, and understand the direction of the national economy.
Methodology
The data is collected and calculated by the St. Kitts and Nevis government's statistical agency.
Historical Context
This economic indicator provides critical insights for guiding fiscal and monetary policies in St. Kitts and Nevis.
Key Facts
- St. Kitts and Nevis is a small island country in the Caribbean.
- The economy is heavily dependent on tourism and financial services.
- GDP growth is a key focus for policymakers in the country.
FAQs
Q: What does this economic trend measure?
A: The Fiscal Year Gross Domestic Product for St. Kitts and Nevis measures the total value of goods and services produced in the country over a fiscal year.
Q: Why is this trend relevant for users or analysts?
A: This metric is vital for assessing the overall health and performance of the St. Kitts and Nevis economy, and is used by economists, policymakers, and analysts to evaluate macroeconomic trends and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the St. Kitts and Nevis government's statistical agency.
Q: How is this trend used in economic policy?
A: This economic indicator provides critical insights for guiding fiscal and monetary policies in St. Kitts and Nevis.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the St. Kitts and Nevis government's statistical agency.
Related Trends
Stock Market Capitalization to GDP for Saint Kitts and Nevis
DDDM01KNA156NWDB
General Government Expense for St. Kitts and Nevis
SKNGGEIGDP
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for St. Kitts and Nevis
SKNFCSODCGGDPPT
Bank's Overhead Costs to Total Assets for Saint Kitts and Nevis
DDEI04KNA156NWDB
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for St. Kitts and Nevis
SKNFCSODCHGGDPPT
Value of Exports to Saint Kitts and Nevis from Puerto Rico
PRKNAA052SCEN
Citation
U.S. Federal Reserve, Fiscal Year Gross Domestic Product for St. Kitts and Nevis (SKNNGDPFY), retrieved from FRED.