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    Antigua and Barbuda Index 2006

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    Antigua and Barbuda Economy - 2006
    https://theodora.com/wfbcurrent/antigua_and_barbuda/antigua_and_barbuda_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Tourism continues to dominate the economy, accounting for more than half of GDP. Weak tourist arrival numbers since early 2000 have slowed the economy, however, and pressed the government into a tight fiscal corner. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the medium term will continue to depend on income growth in the industrialized world, especially in the US, which accounts for slightly more than one-third of tourist arrivals.

      GDP (purchasing power parity):
      $750 million (2002 est.)

      GDP (official exchange rate):
      NA

      GDP - real growth rate:
      3% (2002 est.)

      GDP - per capita (PPP):
      $11,000 (2002 est.)

      GDP - composition by sector:
      agriculture: 3.9%
      industry: 19.2%
      services: 76.8% (2002)

      Labor force:
      30,000

      Labor force - by occupation:
      agriculture: 7%
      industry: 11%
      services: 82% (1983)

      Unemployment rate:
      11% (2001 est.)

      Population below poverty line:
      NA%

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices):
      0.4% (2000 est.)

      Budget:
      revenues: $123.7 million
      expenditures: $145.9 million; including capital expenditures of $NA (2000 est.)

      Agriculture - products:
      cotton, fruits, vegetables, bananas, coconuts, cucumbers, mangoes, sugarcane; livestock

      Industries:
      tourism, construction, light manufacturing (clothing, alcohol, household appliances)

      Industrial production growth rate:
      6% (1997 est.)

      Electricity - production:
      100 million kWh (2003)

      Electricity - consumption:
      93 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      0 bbl/day (2003)

      Oil - consumption:
      3,600 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Exports:
      $214 million (2004 est.)

      Exports - commodities:
      petroleum products 48%, manufactures 23%, machinery and transport equipment 17%, food and live animals 4%, other 8%

      Exports - partners:
      Poland 47.8%, UK 24.6%, Germany 8.7% (2004)

      Imports:
      $735 million (2004 est.)

      Imports - commodities:
      food and live animals, machinery and transport equipment, manufactures, chemicals, oil

      Imports - partners:
      China 19.5%, US 18.7%, Singapore 14.8%, Poland 8.5%, Trinidad and Tobago 4.7% (2004)

      Debt - external:
      $231 million (1999)

      Economic aid - recipient:
      $2.3 million (1995)

      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 Antigua and Barbuda 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 Antigua and Barbuda Economy 2006 information contained here. All suggestions for corrections of any errors about Antigua and Barbuda Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/antigua_and_barbuda/antigua_and_barbuda_economy.html

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


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