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    Anguilla Index 2006

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    Anguilla Economy - 2006
    https://theodora.com/wfbcurrent/anguilla/anguilla_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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):
      $112 million (2002 est.)

      GDP (official exchange rate):
      NA

      GDP - real growth rate:
      2.8% (2001 est.)

      GDP - per capita (PPP):
      $7,500 (2002 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):
      2.3%

      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

      Electricity - consumption:
      42.6 million kWh

      Exports:
      $2.6 million (1999)

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

      Exports - partners:
      UK, US, Puerto Rico, Saint-Martin (2004)

      Imports:
      $80.9 million (1999)

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

      Imports - partners:
      US, Puerto Rico, UK (2004)

      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 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001)
      note: fixed rate since 1976

      Fiscal year:
      1 April - 31 March


      NOTE: The information regarding Anguilla on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Anguilla Economy 2006 information contained here. All suggestions for corrections of any errors about Anguilla Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/anguilla/anguilla_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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