Since the 1970s, the Government of Saint Kitts and Nevis has been active in developing light industry and tourism, transforming the economy that was originally based on the sugar industry into an economically diversified country. Tourism, offshore banking and manufacturing are becoming increasingly important in St. Kitts and Nevis, with not only the largest electronics assembly industry in the Eastern Caribbean, but also a small offshore financial industry in Nevis, with about 15,000 international companies engaged in offshore finance now settled. Tourism is the fastest economic sector in the Holy Land, growing at a rate of 18% per year Tourism is the main pillar industry of the national economy and the main source of foreign exchange earnings.
