Anguilla Economy

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.

Anguilla Economy Data

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%

Labor Force by Occupation- As reported by Anguilla

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