Fisheries Sector Achieves Record Revenue Exceeding $19 Million

The fisheries sector of St. Kitts and Nevis experienced a remarkable resurgence in 2024, achieving its highest revenue in a decade. Total revenue reached $19.6 million, a significant $4.1 million increase compared to the $15.5 million earned in 2023. This impressive growth can primarily be attributed to the substantial expansion of the reef and demersal fishery, which contributed the lion’s share of the overall revenue. The surge in production signifies a positive trend for the industry and underscores the effectiveness of government initiatives aimed at supporting and empowering local fisherfolk.

The dramatic increase in revenue is directly correlated with a substantial rise in fish landings. Total catch for 2024 reached 1,567,620 pounds, a 35.4% increase compared to the 1,157,234 pounds landed in 2023. This growth is largely driven by the remarkable 60.2% increase in reef and demersal fishery landings, which jumped from 757,143 pounds in 2023 to 1,212,687 pounds in 2024. This sector now accounts for a dominant 77% of the total fisheries revenue, amounting to approximately $15.1 million. This data highlights the critical role of reef and demersal fishing in the overall economic performance of the St. Kitts and Nevis fisheries sector.

The success of the fisheries sector in 2024 is a testament to the collaborative efforts between the government and the fishing community. Hon. Samal Duggins, the Federal Minister of Agriculture, Fisheries, and Marine Resources, commended the dedication of the fisherfolk and emphasized the government’s commitment to providing essential resources, training, and infrastructure to support the industry’s continued growth. The Department of Marine Resources played a crucial role in facilitating this progress, demonstrating the importance of effective management and strategic investment in the sector.

The remarkable achievements in the St. Kitts and Nevis fisheries sector in 2024 offer valuable insights into the potential for sustainable growth and economic development within the industry. By fostering a supportive environment for fisherfolk and implementing effective management strategies, the government has laid the foundation for continued success and prosperity within this vital sector. The significant increase in revenue, driven by the robust performance of the reef and demersal fishery, underscores the importance of investing in sustainable fishing practices and supporting the livelihoods of those who depend on the ocean’s resources.

Looking ahead, the St. Kitts and Nevis fisheries sector has the potential to build upon this momentum and further solidify its position as a key contributor to the national economy. By continuing to invest in training programs, infrastructure development, and sustainable fishing practices, the government can empower fisherfolk to thrive and ensure the long-term health and productivity of the marine ecosystem. The success of 2024 demonstrates the transformative impact of collaborative efforts and strategic investments in the fisheries sector, setting the stage for continued growth and prosperity in the years to come.

The achievements in the St. Kitts and Nevis fisheries sector during 2024 offer a compelling case study for other island nations seeking to develop their own sustainable fisheries. The substantial increase in both landings and revenue, coupled with the government’s commitment to supporting the industry, highlights the potential for economic growth and improved livelihoods within this vital sector. By prioritizing sustainable practices, investing in training and infrastructure, and fostering collaboration between government and the fishing community, St. Kitts and Nevis has set a positive example for other nations seeking to unlock the economic potential of their fisheries while ensuring the long-term health of their marine resources.