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ECON FACTBOOK

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Economy of Antigua and Barbuda

Population: 90 thousand in 20131

GDP: $1.23 billion in 20132

GDP per capita: $13,342 nominal3 ($20,977 PPP4) in 2013

GDP growth rate: -0.1% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities41541.7%
Wholesale, retail trade, restaurants and hotels26626.7%
Transport, storage and communication11511.6%
Construction868.7%
Mining and utilities686.8%
Manufacturing252.5%
Agriculture, hunting, forestry, fishing202.0%
Total value added996100%

Employment

Unemployment rate: 11% in 20017

Employment by Industry 19838

Employment sectorPercent of total
Services82%
Industry11%
Agriculture7%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $1 billion (123% of GDP) in 201410

Household Wealth per Adult: $14,989 in 201410

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $240 million (19% of GDP) in 201311

Central Government Expenditure: $249 million (20% of GDP) in 201311

Central Government Budget Balance: -$9 million (-1% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: 25% in 201412

Monetary Policy

Money Supply (M1, Organization of Eastern Caribbean States): $1.13 billion in Oct 2014* 13

Benchmark Interest Rate (Organization of Eastern Caribbean States): N/A

Total Reserves: $202 million (16% of GDP) in 201314

Exchange Rate: 2.70 East Caribbean Dollars = 1 U.S. Dollar on Feb 24, 201515

Inflation: 1.1% in 201316

* Money supply calculated using the exchange rate 2.70 XCD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201317

N/A (data not available at Relbanks.com)

International Accounts

Exports: $55 million (5% of GDP) in 201318

Imports: $341 million (28% of GDP) in 201318

Trade Balance: -$286 million (-23% of GDP) in 201318

Foreign Direct Investment Inflow: $134 million (11% of GDP) in 201319

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $2.3 million (0.2% of GDP) in 201220

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: CIA World Factbook (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Tax Foundation (Corporate tax rate) Go back
13. Source: Eastern Caribbean Central Bank, Statistics, Central Bank Survey (Money supply) Go back
14. Source: World Bank Indicators (Total reserves) Go back
15. Source: xe.com (Exchange rate) Go back
16. Source: World Bank Indicators (Inflation rate) Go back
17. Source: Relbanks.com (Financial institutions by assets) Go back
18. Source: CIA World Factbook (Trade data) Go back
19. Source: World Bank Indicators (FDI data) Go back
20. Source: World Bank Indicators (Aid data) Go back