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2018 Annual Economic and Financial Review ST KITTS AND NEVIS
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Eastern Caribbean Central Bank
the Alexander hospital. Construction
developments in the private sector were
underscored by ongoing work on the Ramada
branded Heldens Estate Condo Resort &
Residences in the north of St Kitts, the T-Loft
Pirates Nest in Frigate Bay to be managed by
Radisson and the Royal Mist Hotel at Sea
View Gardens. Other private sector led
activity included the completion of a
headquarters renovation and a hotel, both in
Basseterre, along with other private fixed
capital investment for commercial and
residential purposes. In Nevis, private sector
developments included continued work on the
Four Seasons Resort Estates and villas and
residences.
Value added in the manufacturing sector
rebounded by 3.0 per cent in contrast to a
decline of 6.5 per cent in 2017, driven by
increases in the production of electronics and
beverages. An increase in the production of
electronic components is estimated, based on
data for actual exports. The export of
electronic components rose by a 5.6 per cent
which compares favourably with the
performance in 2017 when there was virtually
no growth. The positive assessment of
developments in the manufacturing sector was
also buttressed by estimated increases in the
output of alcoholic beverages of which the
volume of exports rose by 71.6 per cent
compared with an increase of 0.1 per cent in
2017. In addition, the performance of
beverages was also supplemented by an
increased in the production of non-alcoholic
beverages for which exports resumed in 2018
after recording no exports during the prior
four years.
Value added in the agriculture, livestock and
forestry sector remained relatively stable
increasing by an estimated 0.2 per cent,
compared with a rebound of 11.4 per cent in
2017.
The performance in the current period
reflected increases in livestock largely
chicken, moderated by declines in crops. In
the livestock sub-sector, output is estimated to
have expanded, largely influenced by a near
doubling in the output of broilers and a
1.0 per cent rise in egg production. Output in
the livestock sub-sector was also augmented
by higher beef production (5.8 per cent).
The performance was moderated somewhat by
a 14.5 per cent decline in the production of
pork. The level of crop production was also
lower, largely reflected in decreases in the
output of sweet pepper, carrots and onions of
47.3 per cent 46.8 per cent and 69.9per cent
respectively. Decreases were also recorded
for sweet potato (13.6 per cent) and yam