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Anguilla


    • Overview:
      Anguilla has few natural resources, and the economy depends heavily on lobster fishing, offshore banking, tourism, and remittances from emigrants. In recent years the economy has benefited from a boom in tourism and construction. Development plans center around the improvement of the infrastructure, particularly transport and tourist facilities, and also light industry.

    • National product:
      GDP - purchasing power parity - $49 million (1993 est.)

    • National product real growth rate:
      7.5% (1992)

    • National product per capita:
      $7,000 (1993 est.)

    • Inflation rate (consumer prices):
      3% (1992 est.)

    • Unemployment rate:
      7% (1992 est.)

    • Budget:

        revenues:
        $13.8 million

        expenditures:
        $15.2 million, including capital expenditures of $2.4 million (1992 est.)

    • Exports:
      $556,000 (f.o.b., 1992)

        commodities:
        lobster and salt

        partners:
        NA

    • Imports:
      $33.5 million (f.o.b., 1992)

        commodities:
        NA

        partners:
        NA

    • External debt:
      $NA

    • Industrial production:
      growth rate NA%

    • Electricity:

        capacity:
        2,000 kW

        production:
        6 million kWh

        consumption per capita:
        862 kWh (1992)

    • Industries:
      tourism, boat building, salt

    • Agriculture:
      pigeon peas, corn, sweet potatoes, sheep, goats, pigs, cattle, poultry, fishing (including lobster)

    • Economic aid:

        recipient:
        Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $38 million

    • Currency:
      1 EC dollar (EC$) = 100 cents

    • Exchange rates:
      East Caribbean dollars (EC$) per US$1 - 2.70 (fixed rate since 1976)

    • Fiscal year:
      NA






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