FACTOID # 2: The top nations for per capita imports and exports tend to be very small.
 
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Central America and the Caribbean > Antigua and Barbuda > Economy

ANTIGUAN-BARBUDAN ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
cotton, fruits, vegetables, bananas, coconuts, cucumbers, mangoes, sugarcane; livestock
Aid as % of GDP 1.4% [76th of 129]
Current account balance -$211,000,000.00 Time series [93rd of 181]
Debt > External $359,800,000.00 Time series [133rd of 136]
Economy > Overview
Antigua has a relatively high GDP per capita in comparison to most other Caribbean nations. It has experienced solid growth since 2003, driven by a construction boom in hotels and housing that which should wind down in 2008. Tourism continues to dominate the economy, accounting for more than half of GDP. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the medium term will continue to depend on income growth in the industrialized world, especially in the US, which accounts for slightly more than one-third of tourist arrivals. Since taking office in 2004, the SPENCER government has adopted an ambitious fiscal reform program, but will continue to be saddled by its debt burden with a debt-to-GDP ratio exceeding 100%.
Exchange rates
East Caribbean dollars per US dollar - 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000)
Exports $84,300,000.00 Time series [149th of 189]
Exports to US $600,000.00 [182nd of 224]
GDP $961,851,800.00 Time series [146th of 203]
GDP (purchasing power parity) $1,526,000,000.00 Time series [173rd of 187]
GDP > PPP $873,000,000.00 [156th of 163]
GDP > Real growth rate 6.1% Time series [72nd of 198]
GDP growth > annual % 7.19 annual % Time series [46th of 187]
GDP per capita, PPP > current international $ 12,133.9 PPP $ Time series [48th of 169]
Gross National Income $626,831,000.00 [147th of 172]
Gross national income > constant LCU 1406811000 Time series
Human Development Index 0.797 [59th of 178]
Inflation rate (consumer prices) 1.5% Time series [167th of 192]
Total reserves minus gold > current US$ 127,320,700 $ Time series [151st of 178]
Tourist arrivals 232,000 [96th of 152]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; United Nations World Statistics Pocketbook and Statistical Yearbook

ALTERNATIVE NAMES: Antigua and Barbuda, antigua, Antigua-Barbuda

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