St. Kitts and Nevis: Goods and services expense (current LCU)

Key figures

What the numbers say

On record, the biggest yearly rise was 166.7% in 2017 and the biggest yearly fall was 66.5% in 2016. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 8 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2020, St. Kitts and Nevis had the 7th highest value of the 10 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to St. Kitts and Nevis in the 2020 ranking

• Cabo Verde — 4th of 10: 11.14 billion
• Bhutan — 5th of 10: 8.32 billion
• Bahrain — 6th of 10: 405.25 million
• Marshall Islands — 8th of 10: 37.19 million
• Micronesia, Fed. Sts. — 9th of 10: 28.76 million
• Palau — 10th of 10: 28.06 million

What this measures

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 23 values

Goods and services expense (current LCU) in nearby economies

• Argentina — 3.61 trillion (2024)
• Bahamas, The — 561.44 million (2024)
• Barbados — 435.7 million (2016)
• Belize — 214.78 million (2017)
• Brazil — 82.27 billion (2024)
• Chile — 6.03 trillion (2024)
• Colombia — 47.56 trillion (2024)
• Costa Rica — 1.66 trillion (2024)
• Dominican Republic — 260.06 billion (2024)
• Ecuador — 8.69 billion (2022)

More public sector data for St. Kitts and Nevis

• Intentional homicides (per 100,000 people) — 64.16 (2023)
• Net investment in nonfinancial assets (current LCU) — 122.7 million (2020)
• Net investment in nonfinancial assets (% of GDP) — 5.14% (2020)
• Net lending (+) / net borrowing (-) (current LCU) — -53.7 million (2020)
• Net lending (+) / net borrowing (-) (% of GDP) — -2.25% (2020)
• Grants and other revenue (current LCU) — 348.4 million (2020)
• Grants and other revenue (% of revenue) — 49.25% (2020)
• Revenue, excluding grants (current LCU) — 679.2 million (2020)
• Revenue, excluding grants (% of GDP)

Reading data like this

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Questions people ask

What is St. Kitts and Nevis's goods and services expense (current LCU)?

180.8 million in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 685.06% from 23.03 million in 1990 (7.11% a year on average, compounded). The highest value was 180.8 million in 2020 and the lowest 19.69 million in 1991.

How does St. Kitts and Nevis rank?

7th highest of 10 economies with data for 2020.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator GC.XPN.GSRV.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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