Page last updated on February 08, 2019

Economy - overview:
Anguilla has few natural resources, is unsuited for agriculture, 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 recovery of 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.)
$191.7 million (2008 est.)
$108.9 million (2004 est.)
country comparison to the world: 222
[see also: GDP country ranks ]

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

GDP - real growth rate:
-8.5% (2009 est.)
country comparison to the world: 220
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$12,200 (2008 est.)
country comparison to the world: 130
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 74.1% (2017 est.)
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 18.3% (2017 est.)
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 26.8% (2017 est.)
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0% (2017 est.)
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 48.2% (2017 est.)
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -67.4% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 3% (2017 est.)
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 10.5% (2017 est.)
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 86.4% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

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

Industries:
tourism, boat building, offshore financial services

Industrial production growth rate:
4% (2017 est.)
country comparison to the world: 75
[see also: Industrial production growth rate country ranks ]

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

Labor force - by occupation:
agriculture: 74.1%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 3%
[see also: Labor force - by occupation - industry country ranks ]
services: 18%
[see also: Labor force - by occupation - services country ranks ]
agriculture/fishing/forestry/mining: 4% (2000 est.)
manufacturing: 3% (2000 est.)
construction: 18% (2000 est.)
transportation and utilities: 10% (2000 est.)
commerce: 36% (2000 est.)

Unemployment rate:
8% (2002)
country comparison to the world: 115
[see also: Unemployment rate country ranks ]

Population below poverty line:
23% (2002 est.)
[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: 81.92 million (2017 est.)
[see also: Budget - revenues country ranks ]
expenditures: 80.32 million (2017 est.)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
46.7% (of GDP) (2017 est.)
country comparison to the world: 19
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
0.9% (of GDP) (2017 est.)
country comparison to the world: 34
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
20.1% of GDP (2015 est.)
20.8% of GDP (2014 est.)
country comparison to the world: 189
[see also: Public debt country ranks ]

Fiscal year:
1 April - 31 March

Inflation rate (consumer prices):
1.3% (2017 est.)
-0.6% (2016 est.)
country comparison to the world: 67
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6.5% (31 December 2010)
6.5% (31 December 2009)
country comparison to the world: 55
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
9.48% (31 December 2017 est.)
9.01% (31 December 2016 est.)
country comparison to the world: 90
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$25.37 million (31 December 2017 est.)
$23.74 million (31 December 2016 est.)
country comparison to the world: 193
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$25.37 million (31 December 2017 est.)
$23.74 million (31 December 2016 est.)
country comparison to the world: 196
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$218.5 million (31 December 2017 est.)
$209.1 million (31 December 2016 est.)
country comparison to the world: 183
[see also: Stock of domestic credit country ranks ]

Current account balance:
-$23.2 million (2017 est.)
-$25.3 million (2016 est.)
country comparison to the world: 73
[see also: Current account balance country ranks ]

Exports:
$7.9 million (2017 est.)
$3.9 million (2016 est.)
country comparison to the world: 216
[see also: Exports country ranks ]

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

Imports:
$186.2 million (2017 est.)
$170.1 million (2016 est.)
country comparison to the world: 210
[see also: Imports country ranks ]

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

Reserves of foreign exchange and gold:
$76.38 million (31 December 2017 est.)
$48.14 million (31 December 2015 est.)
country comparison to the world: 183
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$41.04 million (31 December 2013)
$8.8 million (1998)
country comparison to the world: 195
[see also: Debt - external country ranks ]

Exchange rates:
East Caribbean dollars (XCD) per US dollar -
2.7 (2017 est.)
2.7 (2016 est.)
2.7 (2015 est.)
2.7 (2014 est.)
2.7 (2013 est.)