Anguilla
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Introduction - Anguilla: | Location - Anguilla: | People - Anguilla: | Government - Anguilla: | Economy - Anguilla: | 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, which has spurred the growth of the construction sector, has contributed 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 | $108.9 million (2004 est.) | | Gdp official exchange rate | $108.9 million (2004 est.) | | Gdp real growth rate | 10.2% (2004 est.) | | Gdp per capita ppp | $8,800 (2004 est.) | | Gdp composition by sector | agriculture: 4%
industry: 18%
services: 78% (2002 est.) | | Labor force | 6,049 (2001) | | Labor force by occupation | agriculture/fishing/forestry/mining 4%, manufacturing 3%, construction 18%, transportation and utilities 10%, commerce 36%, services 29% (2000 est.) | | Unemployment rate | 8% (2002) | | Population below poverty line | 23% (2002) | | Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% | | Inflation rate consumer prices | 5.3% (2006 est.) | | Budget | revenues: $22.8 million
expenditures: $22.5 million; including capital expenditures of $NA (2000 est.) | | Agriculture products | small quantities of tobacco, vegetables; cattle raising | | Industries | tourism, boat building, offshore financial services | | Industrial production growth rate | 3.1% (1997 est.) | | Electricity production | NA kWh | | Current account balance | -$42.87 million (2003 est.) | | Exports | $14.56 million (2005 est.) | | Exports commodities | lobster, fish, livestock, salt, concrete blocks, rum | | Exports partners | UK, US, Puerto Rico, Saint-Martin (2006) | | Imports | $129.9 million (2005 est.) | | Imports commodities | fuels, foodstuffs, manufactures, chemicals, trucks, textiles | | Imports partners | US, Puerto Rico, UK (2006) | | Debt external | $8.8 million (1998) | | Economic aid recipient | $9 million (2004 est.) | | Currency code | East Caribbean dollar (XCD) | | Exchange rates | East Caribbean dollars per US dollar - 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002)
note: fixed rate since 1976 | |
Communications - Anguilla: | Transportation - Anguilla: | Military - Anguilla: |
This page was last updated on 16 September, 2007 Source: CIA >>> |