Is Anguilla a wealthy country?
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.
What is the GDP of Anguilla?
Currency Name and Code | East Caribbean dollars (XCD) |
GDP - Gross Domestic Product (PPP) | $175,400,000 (USD) |
GDP - official exchange rate | $175,400,000 (USD) |
GDP - real growth rate | -8.5% |
GDP Per Capita | $12,200.00 (USD) |
GDP by Sector- agriculture | 2.3% |
GDP by Sector- Industry | 21% |
GDP by Sector- services | 76.6% |
GDP - composition, by end use |
Household Consumption: 69.8% Government Consumption: 14.9% Investment in Fixed Capital: 20.4% Investment in Inventories: 0% Exports of Goods and Services: 43.1% Imports of Goods and Services: -48.2% |
Population Below Poverty Line | 23% |
Inflation Rate | -0.3% |
Labor Force | 6,049 |
Labor Force By Occupation- services | 29% |
Unemployment Rate | 8% |
Fiscal Year | 1 April - 31 March |
Annual Budget | $95,070,000,000 (USD) |
Budget Surplus or Deficit - percent of GDP | -5% |
Public Debt (% of GDP) | 20.1% |
Taxes and other revenues - percent of GDP | 39.6% |
Major Industries | Tourism, boat building, offshore financial services |
Industrial Growth Rate | 2% |
Agriculture Products | Small quantities of tobacco, vegetables; cattle raising |
Exchange Rate per US Dollar | 2.7 |
Labor Force By Occupation - agriculture, fishing, forestry and mining | 4% |
Labor Force By Occupation - services | 29% |
Labor Force By Occupation- commerce | 36% |
Labor Force By Occupation- construction | 18% |
Labor Force By Occupation- manufacturing | 3% |
Labor Force By Occupation- transportation and utitlities | 10% |
Commercial Bank Prime Lending Rate | 9% |