| 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. |
| GDP (purchasing power parity) | $175.4 million (2009 est.) $191.7 million (2008 est.) $108.9 million (2004 est.) |
| GDP (official exchange rate) | $175.4 million (2009 est.) |
| GDP - real growth rate | -8.5% (2009 est.) |
| GDP - per capita (PPP) | $12,200 (2008 est.) |
| 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 | agriculture: 3% (2017 est.) industry: 10.5% (2017 est.) services: 86.4% (2017 est.) |
| Population below poverty line | 23% (2002 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 | 8% (2002) |
| 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.) |
| Taxes and other revenues | 46.7% (of GDP) (2017 est.) |
| Budget surplus (+) or deficit (-) | 0.9% (of GDP) (2017 est.) |
| Public debt | 20.1% of GDP (2015 est.) 20.8% of GDP (2014 est.) |
| Inflation rate (consumer prices) | 1.3% (2017 est.) -0.6% (2016 est.) |
| Agriculture - products | small quantities of tobacco, vegetables; cattle raising |
| Industries | tourism, boat building, offshore financial services |
| Industrial production growth rate | 4% (2017 est.) |
| Current Account Balance | -$23.2 million (2017 est.) -$25.3 million (2016 est.) |
| Exports | $7.9 million (2017 est.) $3.9 million (2016 est.) |
| Exports - commodities | lobster, fish, livestock, salt, concrete blocks, rum |
| Imports | $186.2 million (2017 est.) $170.1 million (2016 est.) |
| Imports - commodities | fuels, foodstuffs, manufactures, chemicals, trucks, textiles |
| Reserves of foreign exchange and gold | $76.38 million (31 December 2017 est.) $48.14 million (31 December 2015 est.) |
| Debt - external | $41.04 million (31 December 2013) $8.8 million (1998) |
| Exchange rates | East Caribbean dollars (XCD) per US dollar - 2.7 (2017 est.) 2.7 (2016 est.) 2.7 (2015 est.) 2.7 (2014 est.) 2.7 (2013 est.) |
| Fiscal year | 1 April - 31 March |
Source: CIA World Factbook
This page was last updated on September 18, 2021
