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 $3,350 (1988 est.); real growth rate 8.2% (1988)

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

Unemployment rate: 5.0% (1988 est.)

Budget: revenues $9.0 million; expenditures $8.8 million, including capital expenditures of NA (1988 est.)

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

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

External debt: $NA

Industrial production: growth rate NA%

Electricity: 3,000 kW capacity; 9 million kWh produced, 1,300 kWh per capita (1988)

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

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

Aid: Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $33 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 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Anguilla Economy 1990 information contained here. All suggestions for corrections of any errors about Anguilla Economy 1990 should be addressed to the CIA.