Anguilla:
Economy

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Other pages in this profile of Anguilla:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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 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 tourism sector and, therefore, on revived income growth in the industrialized nations as well as on favorable weather conditions.
GDP (purchasing power parity)	Definition - World rank and map $108.9 million (2004 est.)
GDP (official exchange rate)	Definition $108.9 million (2004 est.)
GDP - real growth rate	Definition - World rank and map 10.2% (2004 est.)
GDP - per capita	Definition - World rank and map $8,800 (2004 est.)
GDP - composition by sector	Definition agriculture: 4% industry: 18% services: 78% (2002 est.)
Labor force	Definition 6,049 (2001)
Labor force - by occupation	Definition agriculture/fishing/forestry/mining 4%, manufacturing 3%, construction 18%, transportation and utilities 10%, commerce 36%, services 29% (2000 est.)
Unemployment rate	Definition - World rank and map 8% (2002)
Population below poverty line	Definition 23% (2002)
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 5.3% (2006 est.)
Budget	Definition revenues: $22.8 million expenditures: $22.5 million (2000 est.)
Agriculture - products	Definition small quantities of tobacco, vegetables; cattle raising
Industries	Definition tourism, boat building, offshore financial services
Industrial production growth rate	Definition - World rank and map 3.1% (1997 est.)
Electricity - production	Definition - World rank and map NA kWh
Current account balance	Definition - World rank and map -$42.87 million (2003 est.)
Exports	Definition - World rank and map $13 million (2006)
Exports - commodities	Definition lobster, fish, livestock, salt, concrete blocks, rum
Exports - partners	Definition UK, US, Puerto Rico, Saint-Martin (2006)
Imports	Definition - World rank and map $143 million (2006)
Imports - commodities	Definition fuels, foodstuffs, manufactures, chemicals, trucks, textiles
Imports - partners	Definition US, Puerto Rico, UK (2006)
Debt - external	Definition - World rank and map $8.8 million (1998)
Economic aid - recipient	Definition $9 million (2004 est.)
Currency (code)	Definition East Caribbean dollar (XCD)
Exchange rates	Definition East Caribbean dollars per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003) note: fixed rate since 1976
Fiscal year	Definition 1 April - 31 March

Anguilla: Economy

Anguilla:
Economy