4 GeoFroggy

Economy Overview

Anguilla has few natural resources, and the economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. Increased activity in the tourism industry has spurred the growth of the construction sector contributing to economic growth. Anguillan officials have put substantial effort into developing the offshore financial sector, which is small but growing. In the medium term, prospects for the economy will depend largely on the tourism sector and, therefore, on revived income growth in the industrialized nations as well as on favorable weather conditions.

Agriculture Products

small quantities of tobacco, vegetables; cattle raising

Industries

tourism, boat building, offshore financial services

Industrial Production Growth Rate

2% (2014 est.)

Labor Force

6,049 (2001)

Labor Force by Occupation

Agriculture:

Manufacturing: 3%

Construction: 18%

Transportation and utilities: 10%

Commerce: 36%

Services: 29% (2000 est.)

Unemployment Rate

8% (2002)

Population Below Poverty Line

23% (2002 est.)

Household Income or Consumption by Percentage Share

Lowest 10%: NA%

Highest 10%: NA%

Budget

Revenues: $64.22 million

Expenditures: $65.11 million (2014 est.)

Public Debt

20.3% of GDP (2013 est.)

Central Bank Discount Rate

6.5% (31 December 2009)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

$15.95 million (31 December 2013 est.)

Stock of Broad Money

$381.8 million (31 December 2013 est.)

Stock of Domestic Credit

$460.4 million (31 December 2013 est.)

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

Debt External

$8.8 million (1998)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

2.7 (2010 est.)
Year

GDP Official Exchange Rate

  • $175.4 million 2009 est.

Taxes and Other Revenues

  • 36.6% of GDP (2014 est.)

Budget Surplus or Deficit

  • -0.5% of GDP (2014 est.)

Fiscal Year

  • 1 April - 31 March

GDP Purchasing Power Parity

    $108.9 million (2004 est.)

GDP Real Growth Rate

    -8.5% (2009 est.)

GDP Per Capital

    $12,200 (2008 est.)

Gross National Saving

GDP Composition by end Use

  • Household consumption
    76.8%
  • Government consumption
    19.2%
  • Investment in fixed capital
    20.9%
  • Investment in inventories
    0%
  • Exports of goods and services
    41.4%
  • Imports of goods and services
    -58.3%

GDP Composition by Sector of Origin

  • Agriculture
    2.6%
  • Industry
    24.4%
  • Services
    73% (2014 est.)

Inflation Rate Consumer Prices

    3.2% (2013 est.)

Current Account Balance

    -$47.9 million (2013 est.)

Exports

    $4.3 million (2013 est.)

Exports Partners

Exports Commodities

    Lobster, fish, livestock, salt, concrete blocks, rum

Imports

    $127.7 million (2013 est.)

Imports Partners

Imports Commodities

    Fuels, foodstuffs, manufactures, chemicals, trucks, textiles