Summary
The IMF-Caribbean Regional Technical Assistance Centre (CARTAC) conducted a technical assistance mission to St. Kitts and Nevis during September 22–October 1, 2025, at the request of the Statistics Division, to support the rebasing of Gross Domestic Product (GDP) and strengthen national accounts statistics. The mission reviewed data sources and compilation methods for production based GDP, identified methodological issues affecting the consistency and transparency of estimates, and assisted in developing preliminary rebased estimates using available data. Key areas of focus included construction, accommodation services, manufacturing activities, and government services, as well as the treatment of contract manufacturing and under coverage adjustments. The mission also provided guidance on improving the use of the Household Budget Survey, the Visitor Expenditure Survey, administrative data, and on strengthening volume measurement. Priority recommendations were formulated to support completion of the rebasing exercise, enhance documentation of sources and methods, and improve the sustainability and quality of St. Kitts and Nevis’s national accounts program.
Subject: Expenditure, Financial statements, Fiscal governance, Fiscal policy, National accounts, Public expenditure review, Public financial management (PFM)
Keywords: Capacity development., Caribbean, CARTAC mission, Financial statements, Fiscal governance, GDP estimate, GDP rebasing, Gross domestic product, IMF publication, National accounts, price value added, Production based GDP, Public expenditure review, statistics department, Supply and use tables
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