GeographyIQ.comGeographyIQ.com
  Home
  Rankings


A B C D E F
G H I J K L
M N O P Q R
S T U V W Y
Z          


Currency Converter

 


World > North America > Anguilla > Economy (Facts)

Anguilla - Economy (Facts)
Economy - overview: Anguilla has few natural resources, and the economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. Increased activity in the tourism industry, which has spurred the growth of the construction sector, has contributed 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 tourism sector and, therefore, on revived income growth in the industrialized nations as well as on favorable weather conditions.
GDP - real growth rate: 10.2% (2004 est.)
GDP (purchasing power parity): $108.9 million (2004 est.)
GDP (official exchange rate): $108.9 million (2004 est.)
GDP - per capita (PPP): $8,800 (2004 est.)
GDP - composition by sector: agriculture: 4%
industry: 18%
services: 78% (2002 est.)
Population below poverty line: 23% (2002)
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): 5.3% (2006 est.)
Labor force: 6,049 (2001)
Labor force - by occupation: agriculture/fishing/forestry/mining 4%, manufacturing 3%, construction 18%, transportation and utilities 10%, commerce 36%, services 29% (2000 est.)
Unemployment rate: 8% (2002)
Budget: revenues: $22.8 million
expenditures: $22.5 million; including capital expenditures of NA (2000 est.)
Industries: tourism, boat building, offshore financial services
Industrial production growth rate: 3.1% (1997 est.)
Electricity - production: NA kWh
Agriculture - products: small quantities of tobacco, vegetables; cattle raising
Exports: $14.56 million (2005 est.)
Exports - commodities: lobster, fish, livestock, salt, concrete blocks, rum
Exports - partners: UK, US, Puerto Rico, Saint-Martin (2006)
Imports: $129.9 million (2005 est.)
Imports - commodities: fuels, foodstuffs, manufactures, chemicals, trucks, textiles
Imports - partners: US, Puerto Rico, UK (2006)
Debt - external: $8.8 million (1998)
Economic aid - recipient: $9 million (2004 est.)
Currency: East Caribbean Dollar (XCD)

Current East Caribbean Dollar Exchange Rates
Historical East Caribbean Dollar Exchange Rates
Chart East Caribbean Dollar Exchange Rates
Currency code: XCD
Exchange rates: East Caribbean dollars per US dollar - 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002)
note: fixed rate since 1976
Fiscal year: 1 April - 31 March


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions - East Caribbean Dollar Exchange Rates



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions
East Caribbean Dollar Exchange Rates







   Privacy Policy

   Portions of this site are based on public domain works from the U.S. Dept. of State and the CIA World Fact Book
   All original material copyright © 2002 - GeographyIQ.com. All Rights Reserved.
   For comments and feedback, write to us at info@GeographyIQ.com.