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    Anguilla Economy - 1989

      Overview: Having few natural resources, the economy depends heavily on offshore banking, tourism, and remittances from emigrants. In recent years the economy has benefited from a boom in tourism. Development is planned to improve the infrastructure, particularly transport and tourist facilities, and also light industry. Anguilla needs to create additional employment opportunities to help overcome a double-digit unemployment rate.

      GDP: $6 million, per capita $880; real growth rate NA% (1983 est.)

      Inflation rate (consumer prices): NA%

      Unemployment rate: 30% (1985)

      Budget: revenues $6.5 million; expenditures $5.7 million, including capital expenditures of $2.2 million (1986 est.)

      Exports: $NA; @m5commodities--lobsters; @m5partners--NA

      Imports: $NA; @m5commodities--NA; @m5partners --NA

      External debt: $NA

      Industrial production: growth rate NA%

      Electricity: 3,000 kW capacity; 9 million kWh produced, 1,310 kWh per capita (1988)

      Industries: tourism, boat building, salt, fishing (including lobster)

      Agriculture: pigeon peas, corn, sweet potatoes, sheep, goats, pigs, cattle, poultry

      Aid: NA

      Currency: East Caribbean dollar (plural--dollars); 1 EC dollar (EC$) = 100 cents

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

      Fiscal year: NA

      NOTE: The information regarding Anguilla on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Anguilla Economy 1989 information contained here. All suggestions for corrections of any errors about Anguilla Economy 1989 should be addressed to the CIA.

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    Revised 15-Apr-03
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