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Anguilla Economy 2011
https://theodora.com/wfb2011/anguilla/anguilla_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on December 29, 2010

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.)
country comparison to the world: 218

$191.7 million (2008 est.)
$108.9 million (2004 est.)
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$175.4 million (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-8.5% (2009 est.)
country comparison to the world: 215
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$12,200 (2008 est.)
country comparison to the world: 96
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 18%
[see also: GDP - composition by sector - industry country ranks ]
services: 78% (2002 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
6,049 (2001)
country comparison to the world: 219
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture/fishing/forestry/mining: 4%
manufacturing: 3%
construction: 18%
transportation and utilities: 10%
commerce: 36%
services: 29% (2000 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
8% (2002)
country comparison to the world: 87
[see also: Unemployment rate country ranks ]

Population below poverty line:
23% (2002)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $22.8 million
[see also: Budget - revenues country ranks ]
expenditures: $22.5 million (2000 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
5.3% (2006 est.)
country comparison to the world: 149
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6.5% (31 December 2009)
country comparison to the world: 60

6.5% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
9.27% (31 December 2009 est.)
country comparison to the world: 99

9.51% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$19.03 million (31 December 2009)

$19.57 million (31 December 2008)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$458.9 million (31 December 2009)

$470.6 million (31 December 2008)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$529.6 million (31 December 2008 est.)
country comparison to the world: 163

$447.7 million (31 December 2007 est.)
[see also: Stock of domestic credit country ranks ]

Agriculture - products:
small quantities of tobacco, vegetables; cattle raising

Industries:
tourism, boat building, offshore financial services

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
NA kWh
[see also: Electricity - production country ranks ]

Current account balance:
-$42.87 million (2003 est.)
country comparison to the world: 69
[see also: Current account balance country ranks ]

Exports:
$119.5 million (2009 est.)
country comparison to the world: 190
[see also: Exports country ranks ]

Exports - commodities:
lobster, fish, livestock, salt, concrete blocks, rum

Imports:
$143 million (2006)
country comparison to the world: 205
[see also: Imports country ranks ]

Imports - commodities:
fuels, foodstuffs, manufactures, chemicals, trucks, textiles

Debt - external:
$8.8 million (1998)
country comparison to the world: 193
[see also: Debt - external country ranks ]

Exchange rates:
East Caribbean dollars (XCD) per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003)
note: fixed rate since 1976


NOTE: The information regarding Anguilla on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Anguilla Economy 2011 information contained here. All suggestions for corrections of any errors about Anguilla Economy 2011 should be addressed to the CIA.



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This page was last modified 09-Feb-11
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