Editing Saint Kitts (section)

==Economy==
Saint Kitts & Nevis uses the [[Eastern Caribbean dollar]], which maintains a fixed exchange rate of 2.7-to-one with the [[United States dollar]].<ref>{{cite web|url=http://www.xe.com/currencycharts/?from=USD&to=XCD |title=USD/XCD Chart |publisher=XE.com |access-date=26 November 2013}}</ref> The US dollar is almost as widely accepted on the island as the Eastern Caribbean dollar.<ref>[http://www.stkittstourism.kn/useful_facts_55.html St Kitts Tourism Authority] {{Webarchive|url=https://web.archive.org/web/20110513021409/http://stkittstourism.kn/useful_facts_55.html |date=13 May 2011 }} Eastern Caribbean Dollar (XCD$). U.S. bills are accepted by most stores and businesses and change is given in E.C. currency. U.S. coins are not accepted.</ref>

For hundreds of years, Saint Kitts operated as a [[sugar]] [[monoculture]], but due to decreasing profitability, the government closed the industry in 2005. [[Tourism]] is a major and growing source of income to the island, although the number and density of resorts is less than on many other Caribbean islands. [[Transportation]], non-sugar agriculture, manufacturing and construction are the other growing sectors of the economy.<ref>[http://www.gov.kn/pdf/200512_13%20Budget%20Address%20FY%202006.pdf]{{dead link|date=April 2017|fix-attempted=yes}}</ref>

Saint Kitts is dependent on tourism to drive its economy. Tourism has been increasing since 1978. In 2009, there were 587,479 arrivals to Saint Kitts compared to 379,473 in 2007, a growth of just under 40% in a two-year period. As tourism grows, the demand for vacation property increases in conjunction.{{Citation needed|date=October 2023}}

Saint Kitts & Nevis also acquires foreign direct investment from their unique citizenship-by-investment programme, outlined in their Citizenship Act of 1984.<ref>{{cite web|url=https://www.elevay.com/programmes/citizenship/st-kitts-nevis/ |title=Citizenship-by-Investment Introduction |publisher=Elevay Global |access-date=2 November 2014 }}</ref> Interested parties can acquire citizenship if they pass the government's strict background checks and make an investment into an approved real estate development. Purchasers who pass government due diligence and make a minimum investment of US$400,000, into qualifying government-approved real estate, are entitled to apply for citizenship of the Federation of Saint Kitts and Nevis. Many projects are approved under the citizenship-by-investment programme.

The country hosts an annual [[St. Kitts Music Festival]].