Economy of Saint-Christophe-and-Niévès
In 2004, the gross domestic product (GDP) of Saint-Christophe-and-Niévès were of 8.400 US dollars per capita, the commercial Balance was overdrawn of - 135M$. In 2005, the Growth rate was from + 4.9%, the rate of Inflation of 2%, the national Debt total accounted for 179.9% of the GDP. The Agriculture accounts for 3% of the GDP, the Industrie 28% and the services 69%.
The Canne with sugar was the economic main activity of Saint-Christophe-and-Niévès until the Seventies. At the end of September 1998, the Cyclone Georges caused approximately 445 million dollar of damage and limited the growth of the GNP for the year. Since the economy diversified in the sectors of the Tourisme, which is the independent source of foreign currencies, transport, nonsugar agriculture, the manufacturing output and of construction. The offshore oil rig financial sector occupies a very important place in the economy.
The principal business partners of Saint-Christophe-and-Niévès, are the the United States, the Italy, Trinité and Tobago, the the United Kingdom, the Denmark and the Canada.