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Anguilla

Continent:

Geography

People &
Society

Government

Economy

Energy

Communications

Military &
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Transportation

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Economy Overview

Anguilla has few natural resources, is unsuited for agriculture, 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 recovery of 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

4% (2017 est.)

Labor Force

6,049 (2001)

Labor Force by Occupation

Agriculture: 74.1%

Industry: 3%

Services: 18%

Agriculture fishing forestry mining: 4% (2000 est.)

Manufacturing: 3% (2000 est.)

Construction: 18% (2000 est.)

Transportation and utilities: 10% (2000 est.)

Commerce: 36% (2000 est.)

Unemployment Rate

2002: 8%

Population Below Poverty Line

23% (2002 est.)

Household Income or Consumption by Percentage Share

Lowest 10: NA

Highest 10: NA

Budget

Revenues: 81.92 million (2017 est.)

Expenditures: 80.32 million (2017 est.)

Public Debt

2015: 20.1% of GDP

2014: 20.8% of GDP

Central Bank Discount Rate

31 December 2010: 6.5%

31 December 2009: 6.5%

Commercial Bank Prime Lending Rate

31 December 2017: 9.48%

31 December 2016: 9.01%

Stock of Narrow Money

31 December 2017: $25.37 million

31 December 2016: $23.74 million

Stock of Broad Money

31 December 2017: $25.37 million

31 December 2016: $23.74 million

Stock of Domestic Credit

31 December 2017: $218.5 million

31 December 2016: $209.1 million

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

31 December 2017: $76.38 million

31 December 2015: $48.14 million

Debt External

31 December 2013: $41.04 million

1998: $8.8 million

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

Currency: East Caribbean dollars (XCD) per US dollar -

Exchange rates:

Year

GDP Official Exchange Rate

  • $175.4 million 2009 est. 2009 est.

Taxes and Other Revenues

  • 46.7% (of GDP) (2017 est.)

Budget Surplus or Deficit

  • 0.9% (of GDP) (2017 est.)

Fiscal Year

  • 1 April - 31 March

GDP Purchasing Power Parity

  • 2009
    $175.4 million
  • 2008
    $191.7 million
  • 2004
    $108.9 million

GDP Real Growth Rate

  • 2009
    -8.5%

GDP Per Capital

  • 2008
    $12,200

Gross National Saving

GDP Composition by end Use

  • Household consumption
    74.1% (2017 est.)
  • Government consumption
    18.3% (2017 est.)
  • Investment in fixed capital
    26.8% (2017 est.)
  • Investment in inventories
    0% (2017 est.)
  • Exports of goods and services
    48.2% (2017 est.)
  • Imports of goods and services
    -67.4% (2017 est.)

GDP Composition by Sector of Origin

  • Agriculture
    3% (2017 est.)
  • Industry
    10.5% (2017 est.)
  • Services
    86.4% (2017 est.)

Inflation Rate Consumer Prices

  • 2017
    1.3%
  • 2016
    -0.6%

Current Account Balance

  • 2017
    -$23.2 million
  • 2016
    -$25.3 million

Exports

  • 2017
    $7.9 million
  • 2016
    $3.9 million

Exports Partners

Exports Commodities

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

Imports

  • 2017
    $186.2 million
  • 2016
    $170.1 million

Imports Partners

Imports Commodities

    Fuels, foodstuffs, manufactures, chemicals, trucks, textiles
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