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FACTS & STATISTICS
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| ANTIGUAN-BARBUDAN ECONOMY STATS: |
| Top Stats |
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Agriculture > products
cotton, fruits, vegetables, bananas, coconuts, cucumbers, mangoes, sugarcane; livestock |
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Aid as % of GDP
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1.4% |
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[76th of 129]
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Budget > Expenditures
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$145,900,000.00
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[191st of 221]
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Budget > Revenues
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$123,700,000.00
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[191st of 223]
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Currency
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East Caribbean dollar |
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Current account balance
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-$83,400,000.00
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[81st of 162]
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Debt > External
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$427,300,000.00
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[161st of 198]
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Economy > Overview
Tourism continues to dominate the economy, accounting for more than half of GDP. Weak tourist arrival numbers since early 2000 have slowed the economy and pressed the government into a tight fiscal corner. 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. |
Exchange rates
East Caribbean dollars per US dollar - 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000) |
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Exports
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$46,810,000.00
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[194th of 221]
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Exports > Commodities
petroleum products 48%, manufactures 23%, machinery and transport equipment 17%, food and live animals 4%, other 8% |
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Exports to US
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$600,000.00 |
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[182nd of 224]
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GDP
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875,751,400
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...
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[153rd of 188]
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GDP > PPP
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$873,000,000.00 |
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[156th of 163]
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GDP > Real growth rate
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3.8 %
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[134th of 211]
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Gross National Income
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$626,831,000.00 |
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[147th of 0]
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Human Development Index
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0.797 |
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[59th of 0]
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Industries
tourism, construction, light manufacturing (clothing, alcohol, household appliances) |
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Inflation rate (consumer prices)
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0.9 %
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[208th of 219]
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Trade with US > US exports of textile, sewing machines
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61 |
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[124th of 183]
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... 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; CIA World Factbook, 14 June, 2007
; US Census Bureau; World Development Indicators database; World Bank. 2005. World Development Indicators 2005.; ; Human Development Report 2006, United Nations Development Programme; FTDWebMaster, Foreign Trade Division, U.S. Census Bureau
ALTERNATIVE NAMES:
Antigua and Barbuda, antigua, Antigua-Barbuda
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