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Anguilla:
Economy

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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


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