4 GeoFroggy

ANTIGUA AND BARBUDA

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Economy Overview

Prospects for economic growth in the medium term will continue to depend on tourist arrivals from the US, Canada, and Europe and potential damages from natural disasters.

Agriculture Products

cotton, fruits, vegetables, bananas, coconuts, cucumbers, mangoes, sugarcane; livestock

Industries

tourism, construction, light manufacturing (clothing, alcohol, household appliances)

Industrial Production Growth Rate

2% (2015 est.)

Labor Force

30,000 (1991)

Labor Force by Occupation

Agriculture: 7%

Industry: 11%

Services: 82% (1983)

Unemployment Rate

11% (2014 est.)

Population Below Poverty Line

NA%

Household Income or Consumption by Percentage Share

Lowest 10%: NA%

Highest 10%: NA%

Budget

Revenues: $263.3 million

Expenditures: $279.4 million (2015 est.)

Public Debt

130% of GDP (2010 est.)

Central Bank Discount Rate

6.5% (31 December 2009)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

$234.2 million (31 December 2014 est.)

Stock of Broad Money

$1.116 billion (31 December 2014 est.)

Stock of Domestic Credit

$1.032 billion (31 December 2014 est.)

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

Debt External

$458 million (June 2010)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

2.7 (2011 est.)
Year

GDP Official Exchange Rate

  • $1.287 billion 2015 est.

Taxes and Other Revenues

  • 20.5% of GDP (2015 est.)

Budget Surplus or Deficit

  • -1.2% of GDP (2015 est.)

Fiscal Year

  • 1 April - 31 March

GDP Purchasing Power Parity

    $1.97 billion (2013 est.)

GDP Real Growth Rate

    1.5% (2013 est.)

GDP Per Capital

    $22,600 (2013 est.)

Gross National Saving

    8.8% of GDP (2013 est.)

GDP Composition by end Use

  • Household consumption
    68.1%
  • Government consumption
    17.5%
  • Investment in fixed capital
    23.8%
  • Investment in inventories
    0.1%
  • Exports of goods and services
    38.1%
  • Imports of goods and services
    -47.5% (2015 est.)

GDP Composition by Sector of Origin

  • Agriculture
    2.3%
  • Industry
    17.8%
  • Services
    79.9% (2015 est.)

Inflation Rate Consumer Prices

    1.1% (2014 est.)

Current Account Balance

    -$181 million (2014 est.)

Exports

    $59.8 million (2014 est.)

Exports Partners

Exports Commodities

    Petroleum products, bedding, handicrafts, electronic components, transport equipment, food and live animals

Imports

    $469.5 million (2014 est.)

Imports Partners

Imports Commodities

    Food and live animals, machinery and transport equipment, manufactures, chemicals, oil
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