Economy Overview
Prospects for economic growth in the medium term will continue to depend on tourist arrivals from the US, Canada, and Europe and could be disrupted by potential damage from natural disasters. The new government, elected in 2014 and led by Prime Minister Gaston Browne, continues to face significant fiscal challenges. The government places some hope in a new Citizenship by Investment Program to both reduce public debt levels and spur growth.
Agriculture Products
cotton, fruits, vegetables, bananas, coconuts, cucumbers, mangoes, sugarcane; livestock
Industries
tourism, construction, light manufacturing (clothing, alcohol, household appliances)
Industrial Production Growth Rate
3.2% (2016 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: $279.1 million
Expenditures: $301.7 million (2016 est.)
Public Debt
99.1% of GDP (2015 est.)
Central Bank Discount Rate
6.5% (31 December 2009)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$257.1 million (31 December 2015 est.)
Stock of Broad Money
$1.148 billion (31 December 2015 est.)
Stock of Domestic Credit
$882.6 million (31 December 2015 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 (2012 est.)
