Anguilla - Economy

People	Anguilla
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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 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):	$108.9 million (2004 est.)
GDP (official exchange rate):	$108.9 million (2004 est.)
GDP - real growth rate:	10.2% (2004 est.)
GDP - per capita (PPP):	$8,800 (2004 est.)
GDP - composition by sector:	agriculture: 4% industry: 18% services: 78% (2002 est.)
Investment (gross fixed):	void
Population below poverty line:	23% (2002)
Household income or consumption by percentage share:	lowest 10%: NA% highest 10%: NA%
Distribution of family income - Gini index:	void
Inflation rate (consumer prices):	5.3% (2006 est.)
Labor force:	6,049 (2001)
Labor force participation rate:	42.88 % of population
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 (2000 est.)
Budget revenues per capita:	1,617 USD per capita
Public debt:	void
Industries:	tourism, boat building, offshore financial services
Industrial production growth rate:	3.1% (1997 est.)
Electricity - production:	NA kWh
Electricity - production per capita:	void
Electricity - consumption:	void
Electricity - consumption - per capita:	void
Electricity - exports:	void
Electricity - imports:	void
Oil - production:	void
Oil - production per capita:	void
Oil - consumption:	void
Oil - consumption - per capita:	void
Oil - exports:	void
Oil - imports:	void
Oil - proved reserves:	void
Natural gas - production:	void
Natural gas - production per capita:	void
Natural gas - consumption:	void
Natural gas - consumption - per capita:	void
Natural gas - exports:	void
Natural gas - imports:	void
Natural gas - proved reserves:	void
Agriculture - products:	small quantities of tobacco, vegetables; cattle raising
Current account balance:	-$42.87 million (2003 est.)
Current account balance - per capita:	-3,038 USD per capita
Exports:	$13 million (2006)
Exports per capita:	922 USD per capita
Exports - commodities:	lobster, fish, livestock, salt, concrete blocks, rum
Exports - partners:	UK, US, Puerto Rico, Saint-Martin (2006)
Imports:	$143 million (2006)
Imports per capita:	10,137 USD per capita
Imports - commodities:	fuels, foodstuffs, manufactures, chemicals, trucks, textiles
Imports - partners:	US, Puerto Rico, UK (2006)
Reserves of foreign exchange and gold:	void
Reserves of foreign exchange and gold - per capita:	void
Debt - external:	$8.8 million (1998)
Debt - external - per capita:	624 USD per capita
Stock of direct foreign investment - at home:	void
Stock of direct foreign investment - abroad:	void
Market value of publicly traded shares:	void
Economic aid - donor:	void
Economic aid - recipient:	$9 million (2004 est.)
Economic aid - recipient per capita:	638 USD per capita
Currency (code):	East Caribbean dollar (XCD)
Exchange rates:	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:	1 April - 31 March

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