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    Anguilla Economy - 1991

      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. Development is planned to improve the infrastructure, particularly transport and tourist facilities, and also light industry. Improvement in the economy has reduced unemployment from 40% in 1984 to about 5% in 1988.

      GDP: $23 million, per capita $3,300; real growth rate 8.2% (1988 est.)

      Inflation rate (consumer prices): 4.5% (1988 est.)

      Unemployment rate: 5.0% (1988 est.)

      Budget: revenues $10.4 million; expenditures $11.0 million, including capital expenditures of $1.1 million (1989 est.)

      Exports: $NA; commodities--lobster and salt; partners--NA

      Imports: $NA; commodities--NA; partners --NA

      External debt: $NA

      Industrial production: growth rate NA%

      Electricity: 2,000 kW capacity; 6 million kWh produced, 870 kWh per capita (1990)

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

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

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

      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 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Anguilla Economy 1991 information contained here. All suggestions for corrections of any errors about Anguilla Economy 1991 should be addressed to the CIA.

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    Revised 08-Feb-03
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