Basseterre, St. Kitts, November 18, 2018 – The Basseterre-based Eastern Caribbean Central Bank (ECCB) is projecting that the economy of St. Kitts and Nevis will registered a two percent growth in 2017.
The ECCB is also projecting that the economies of Antigua and Barbuda, Grenada and St. Vincent and the Grenadines will perform better in 2018 than that of St. Kitts and Nevis.
Statistics posted on the ECCB website show St. Kitts and Nevis in fourth place in 2018 with a GDP of 2.64 percent, compared to that of Antigua and Barbuda with a GDP of 6.06 percent, Grenada, 3.96 percent and St. Vincent and the Grenadines, 2.70 percent.
The ECCB estimates that in 2018, Anguilla will post a projected economic growth rate of 2.17 percent GDP; Montserrat, 1.70 percent of GDP, St. Lucia, 1.18 percent of GDP and Dominica, minus 5.14 percent of GDP.
According to the ECCB, in 2017, the economies of Antigua and Barbuda, Grenada, Montserrat and St. Lucia performed better than the economy of St. Kitts and Nevis.
The estimates for 2017 show St. Kitts and Nevis in fifth place with a GDP of 2.08 percent, behind of Grenada with a GDP of 4.65 percent; Antigua and Barbuda with a GDP of 3.51 percent; St. Lucia, with a GDP of 3.29 percent and Montserrat with a GDP of 2.58 percent.
The estimated 2017 GDP for St. Vincent and the Grenadines is 0.64 percent; Dominica, minus 10.45 percent and Anguilla, minus, 10.07 percent.
In 2016, the Anguilla economy recorded a GDP of minus 1.11 percent, Antigua and Barbuda, 5.72 percent, Dominica, 2.23 percent, Grenada, 2.15 percent, Montserrat, minus 0.43 percent, St. Kitts and Nevis, 2.87 percent, St. Lucia, 2.08 percent and St. Vincent and the Grenadines, minus 0.83 percent.
After an impressive 6 percent in 2013 and 2014 under the St. Kitts-Nevis Labour Party (SKNLP) administration of the Right Hon. Dr. Denzil L. Douglas, the ECCB projects that St. Kitts and Nevis’ economy registered 2.73 percent of GDP in 2015, 2.87 percent of GDP in 2016 and is estimated to have recorded a GDP of 2.08 percent in 2017 under the Timothy Harris-led Team Unity Government.
ECCB projections for 2019 are Anguilla, 5.39 percent of GDP; Antigua and Barbuda, 4.52 percent of GDP; Dominica, 7.64 percent of GDP; Grenada, 4.11 percent of GDP; Montserrat, 1.24 percent of GDP; St. Kitts and Nevis, 4.16 percent of GDP; St. Lucia, 2.71 percent of GDP and St. Vincent and the Grenadines, 1.47 percent of GDP.
GDP projections for 2020 are: Anguilla, 3.13 percent; Antigua and Barbuda, 3.76 percent; Dominica, 7.61 percent; Grenada, 3.61 percent; Montserrat, 1.22 percent; St. Kitts and Nevis, 3.42 percent; St. Lucia, 3.14 percent and St. Vincent and the grenadines, 1.33 percent.
The ECCB recently advised that it will release data on the National Accounts (GDP) estimates of the ECCU member countries in June, September and December of each year