| ANTIGUAN-BARBUDAN ECONOMY 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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Source: CIA World Factbook, 28 July 2005 |
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Current account balance
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-$211,000,000.00 |
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[93rd of 181]
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Source: 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 |
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Debt > External
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$359,800,000.00 |
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[133rd of 136]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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%. |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
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$84,300,000.00 |
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[149th of 189]
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Source: CIA World Factbook, 28 July 2005 |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
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$961,851,800.00 |
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[146th of 203]
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Source: US Census Bureau |
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GDP (purchasing power parity)
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$1,526,000,000.00 |
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[173rd of 187]
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Source: World Development Indicators database and CIA World Factbook |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP > Real growth rate
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6.1% |
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[72nd of 198]
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Source: World Bank. 2005. World Development Indicators 2005. |
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GDP growth > annual %
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7.19 annual %
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[46th of 187]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP per capita, PPP > current international $
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12,133.9 PPP $
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[48th of 169]
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Source: World Development Indicators database |
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Gross National Income
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$626,831,000.00 |
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[147th of 172]
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Source: World Development Indicators database |
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Gross national income > constant LCU
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1406811000 |
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Human Development Index
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0.797 |
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[59th of 178]
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Source: World Development Indicators database |
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Inflation rate (consumer prices)
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1.5% |
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[167th of 192]
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Source: Human Development Report 2006, United Nations Development Programme |
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Total reserves minus gold > current US$
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127,320,700 $
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[151st of 178]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Tourist arrivals
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232,000 |
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[96th of 152]
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Source: World Development Indicators database |
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