| Economy | 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):
|
$175.4 million (2009 est.)
$191.7 million (2008 est.)
$108.9 million (2004 est.) |
GDP - per capita (PPP):
|
$12,200 (2008 est.) |
GDP (official exchange rate):
|
$175.4 million (2009 est.) |
GDP - real growth rate:
|
-8.5% (2009 est.) |
GDP - composition by sector:
|
agriculture: 2%
industry: 26.1%
services: 71.9% (2011 est.) |
Investment (gross fixed):
|
42.7% of GDP (2011 est.) |
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):
|
2% (2011 est.)
1.1% (2010 est.) |
Central bank discount rate:
|
6.5% (31 December 2010 est.)
6.5% (31 December 2009 est.) |
Commercial bank prime lending rate:
|
8.9% (31 December 2011 est.)
10.6% (31 December 2010 est.) |
Stock of money:
|
$21.12 million (31 December 2008)
$23.57 million (31 December 2007) |
Stock of money - per capita:
|
1,400 USD per capita |
Stock of quasi money:
|
$449.5 million (31 December 2008)
$470.1 million (31 December 2007) |
Stock of quasi money - per capita:
|
29,781 USD per capita |
Stock of domestic credit:
|
$497.5 million (31 December 2011 est.)
$500.6 million (31 December 2010 est.) |
Stock of domestic credit - per capita:
|
32,961 USD per capita |
Stock of narrow money:
|
$16.42 million (31 December 2010 est.)
$19.03 million (31 December 2009 est.) |
Stock of broad money:
|
$434.8 million (31 December 2011 est.)
$439.3 million (31 December 2010 est.) |
Labor force:
|
6,049 (2001) |
Labor force participation rate:
|
40.08 % 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) |
Unemployment, youth ages 15-24:
|
void |
Budget:
|
revenues: $22.8 million
expenditures: $22.5 million (2009 est.) |
Budget revenues per capita:
|
1,511 USD per capita |
Taxes and other revenues:
|
13% of GDP (2009 est.) |
Budget surplus (+) or deficit (-):
|
0.2% of GDP (2009 est.) |
Public debt:
|
void |
Industries:
|
tourism, boat building, offshore financial services |
Industrial production growth rate:
|
NA% |
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:
|
-$102.4 million (2011 est.)
-$160.6 million (2010 est.) |
Current account balance - per capita:
|
-6,784 USD per capita |
Exports:
|
$26.2 million (2011 est.)
$11.5 million (2010 est.) |
Exports per capita:
|
1,736 USD per capita |
Exports - commodities:
|
lobster, fish, livestock, salt, concrete blocks, rum |
Exports - partners:
|
void |
Imports:
|
$153.4 million (2011 est.)
$175 million (2010 est.) |
Imports per capita:
|
10,163 USD per capita |
Imports - commodities:
|
fuels, foodstuffs, manufactures, chemicals, trucks, textiles |
Imports - partners:
|
void |
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:
|
584 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Currency (code):
|
East Caribbean dollar (XCD) |
Exchange rates:
|
East Caribbean dollars (XCD) per US dollar -
2.7 (2011 est.)
2.7 (2010 est.)
2.7 (2009)
|
Fiscal year:
|
1 April - 31 March |
|
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