Anguilla Economy - 2024

Economic overview

small, tourism-dependent, territorial-island economy; very high public debt; COVID-19 crippled economic activity; partial recovery underway via tourism, benefitting from its high amount of timeshare residences; considering reopening oil refinery

Real GDP (purchasing power parity)

$175.4 million (2009 est.)
$191.7 million (2008 est.)
$108.9 million (2004 est.)

Real GDP growth rate

-8.5% (2009 est.)

Real GDP per capita

$12,200 (2008 est.)

GDP (official exchange rate)

$175.4 million (2009 est.)

Inflation rate (consumer prices)

1.3% (2017 est.)
-0.6% (2016 est.)

GDP - composition, by sector of origin

agriculture: 3% (2017 est.)

industry: 10.5% (2017 est.)

services: 86.4% (2017 est.)

GDP - composition, by end use

household consumption: 74.1% (2017 est.)

government consumption: 18.3% (2017 est.)

investment in fixed capital: 26.8% (2017 est.)

investment in inventories: 0% (2017 est.)

exports of goods and services: 48.2% (2017 est.)

imports of goods and services: -67.4% (2017 est.)

Agricultural products

small quantities of tobacco, vegetables; cattle raising

Industries

tourism, boat building, offshore financial services

Industrial production growth rate

4% (2017 est.)

Labor force

6,049 (2001)

Unemployment rate

8% (2002)

Population below poverty line

23% (2002 est.)

Household income or consumption by percentage share

lowest 10%: NA

highest 10%: NA

Budget

revenues: $81.92 million (2017 est.)

expenditures: $80.32 million (2017 est.)

Budget surplus (+) or deficit (-)

0.9% (of GDP) (2017 est.)

Public debt

20.1% of GDP (2015 est.)
20.8% of GDP (2014 est.)

Taxes and other revenues

46.7% (of GDP) (2017 est.)

Fiscal year

1 April - 31 March

Current account balance

-$23.2 million (2017 est.)
-$25.3 million (2016 est.)

Exports

$7.9 million (2017 est.)
$3.9 million (2016 est.)

note: Data are in current year dollars and do not include illicit exports or re-exports.

Exports - commodities

packaged medicines, vaccines and cultures, used clothing, orthopedic appliances, blank audio media (2021)

Imports

$186.2 million (2017 est.)
$170.1 million (2016 est.)

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.)

Debt - external

$41.04 million (31 December 2013)
$8.8 million (1998)

Exchange rates

East Caribbean dollars (XCD) per US dollar -

Exchange rates:
2.7 (2017 est.)
2.7 (2016 est.)
2.7 (2015 est.)
2.7 (2014 est.)
2.7 (2013 est.)