This page summarizes Enterprise Surveys data for St. Kitts and Nevis. The graphs below provide an overview of the sample and highlight the biggest obstacles experienced by private sector firms in St. Kitts and Nevis. The 12 tables below the graphs summarize key factual indicators at the country and regional levels for each of the business environment topics. A few subjective indicators are also available.

 

NUMBER OF FIRMS SURVEYED

150

Business owners and top managers in 150 firms were interviewed from April 2011 through September 2011.

Characteristics of Firms Surveyed

Manufacturing: 29 Services: 121 Manufacturing: 29 Services: 121 Services: 121 Manufacturing: 29 Manufacturing: 29 Services: 121 Services: 121 Small (5-19): 82 Large (100+): 8 Medium (20-99): 60 Small (5-19): 82 Large (100+): 8 Medium (20-99): 60 Small (5-19): 82 Small (5-19): 82 Medium (20-99): 60 Medium (20-99): 60 Large (100+): 8 Large (100+): 8 Entire Country: 150 Entire Country: 150 Entire Country: 150 Entire Country: 150 Entire Country: 150

NUMBER OF FIRMS SURVEYED

150

After being presented with a list of 15 business environment obstacles, business owners and top managers in 150 firms were asked to choose the biggest obstacle to their business.

Ranking of the Top Business Environment Obstacle for Firms

% firms choosing tax administration as the biggest obstacle: 1.4 % firms choosing transportation as the biggest obstacle: 3.4 % firms choosing corruption as the biggest obstacle: 3.5 % firms choosing trade regulations as the biggest obstacle: 5.2 % firms choosing the informal sector as the biggest obstacle: 5.8 % firms choosing poorly educated workers as the biggest obstacle: 10.0 % firms choosing crime and disorder as the biggest obstacle: 13.4 % firms choosing electricity as the biggest obstacle: 15.2 % firms choosing tax rates as the biggest obstacle: 20.0 % firms choosing access to finance as the biggest obstacle: 20.9

ECONOMY OVERVIEW

Country Highlights summarize the key findings from the Enterprise Survey

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Country Profiles provide key investment climate indicators for a country with benchmarks against their respective regional and income groups

St. Kitts and Nevis Country Profile

St. Kitts and Nevis Country Profile

322.8KB pdf file

REGION:
High income: nonOECD
INCOME CATEGORY:
High income
POPULATION:
55,572
GNI PER CAPITA (US $):
15,560

Resources

Custom Data Set

Custom Data Set

Generate a Custom Data Set for St. Kitts and Nevis including standard errors, indicator values by firm subgroups, historical data and comparable countries.

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Indicator St. Kitts and Nevis High income: nonOECD All Countries 2  
Percent of firms with a checking or savings account Percent of firms with a checking or savings account.

100.0 97.7 86.9  
Percent of firms with a bank loan/line of credit Percent of firms with a bank loan/line of credit.

49.3 47.5 33.8  
Proportion of loans requiring collateral (%) Proportion of loans requiring collateral in order to get the financing.

88.4 77.0 79.5  
Value of collateral needed for a loan (% of the loan amount) Value of collateral needed for a loan or line of credit as a percentage of the loan value or the value of the line of credit.

183.2 177.5 204.4  
Percent of firms not needing a loan Percent of firms that did not apply for a loan in the last fiscal year because they did not need a loan.

41.1 48.1 46.6  
Percent of firms whose recent loan application was rejected Percent of firms whose recent loan application was rejected.

n.a. 29.2 11.3  
Percent of firms using banks to finance investments Percent of firms using banks to finance purchases of fixed assets.

46.4 32.7 25.8  
Proportion of investments financed internally (%) Proportion of purchases of fixed assets that was financed from internal funds/retained earnings.

47.9 67.3 70.8  
Proportion of investments financed by banks (%) Proportion of purchases of fixed assets that was financed from bank loans.

32.3 19.1 14.7  
Percent of firms using banks to finance working capital Percent of firms using banks to finance working capital.

52.0 39.9 30.2  
Percent of firms using supplier/customer credit to finance working capital Percent of firms using supplier/customer credit to finance working capital

82.8 60.3 31.2  
Proportion of working capital financed by banks (%) Proportion of working capital that was financed from bank loans.

20.8 14.0 11.7  
Percent of firms identifying access to finance as a major constraint Percent of firms identifying access to finance as a major constraint. The computation of the indicator is based on the rating of the obstacle as a potential constraint to the current operations of the establishment.

38.8 27.4 26.0  
  • Notes

    * This indicator is computed using data from manufacturing firms only.

    Additional Notes

    1. Most surveys were administered using the Enterprise Surveys Global Methodology as outlined in the Methodology page, while some others did not strictly adhere to the Enterprise Surveys Global Methodology. For example, for surveys which do not follow the Global Methodology, the Universe under consideration may have consisted of only manufacturing firms or the questionnaire used may have been different from the standard global questionnaire. Data users should exercise caution when comparing raw data and point estimates between surveys that did and did not adhere to the Enterprise Surveys Global Methodology. For surveys which did not adhere to the Global Methodology plus Afghanistan 2008, any inference from one of these surveys is representative only for the data sample itself.
    2. Regional and "all countries" averages of indicators are computed by taking a simple average of country-level point estimates. For each economy, only the latest available year of survey data is used in this computation. Only surveys, posted during the years 2010-2017, and adhering to the Enterprise Surveys Global Methodology are used to compute these regional and "all countries" averages.
    3. Descriptions of firm subgroup levels, e.g. how the ex post groupings are constructed, are provided in the Indicator Descriptions (PDF, 710KB) document.
    4. Statistics derived from less than or equal to five firms are displayed with an "n.a." to maintain confidentiality and should be distinguished from ".." which indicates missing values. Also note for three growth-related indicators under the "Performance" topic, these indicators are not computed when they are derived from less than 30 firms.
    5. Standard errors are labeled "n.c.", meaning not computed, for the following:

           1) indicators for all surveys that were not conducted using the Enterprise Surveys Global Methodology and

           2) for indicator breakdowns by ex post groupings: exporter or ownership type, and gender of the top manager.
    6. Please cite our data as follows:

      Enterprise Surveys (http://www.enterprisesurveys.org), The World Bank.