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EconomyEconomy - 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 has spurred the growth of the construction sector contributing 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) World Ranking: 216
$175.4 million (2009 est.)
$191.7 million (2008 est.) $108.9 million (2004 est.) Gdp (official exchange rate)
$175.4 million (2009 est.)
Gdp - real growth rate World Ranking: 215
-8.5% (2009 est.)
Gdp - per capita (ppp) World Ranking: 99
$12,200 (2008 est.)
Gdp - composition by sector
Agriculture 2.2%
Industry 28.5% Services 69.3% (2011 est.) Labor force World Ranking: 218
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 World Ranking: 94
8% (2002)
Population below poverty line
23% (2002)
Household income or consumption by percentage share
Lowest 10% NA%
Highest 10% NA% Budget
Revenues $22.8 million
Expenditures $22.5 million (2009 est.) Taxes and other revenues World Ranking: 203
13% of GDP (2009 est.)
Budget surplus (+) or deficit (-) World Ranking: 43
0.2% of GDP (2009 est.)
Inflation rate (consumer prices) World Ranking: 48
2.8% (2011 est.)
1.1% (2010 est.) Central bank discount rate World Ranking: 49
6.5% (31 December 2010 est.)
6.5% (31 December 2009 est.) Commercial bank prime lending rate World Ranking: 84
8.9% (31 December 2011 est.)
10.6% (31 December 2010 est.) Stock of narrow money World Ranking: 188
$17.85 million (31 December 2011 est.) $17.07 million (31 December 2010 est.) Stock of broad money World Ranking: 181
$375.8 million (31 December 2011 est.) $393.5 million (31 December 2010 est.) Stock of domestic credit World Ranking: 171
$430.7 million (31 December 2011 est.) $449 million (31 December 2010 est.) Agriculture - products
Small quantities of tobacco, vegetables; cattle raising Industries
Tourism, boat building, offshore financial services Industrial production growth rate
NA%
Electricity - production
NA kWh
Current account balance World Ranking: 72
-$102.4 million (2011 est.)
-$68.37 million (2010 est.) Exports World Ranking: 203
$26.2 million (2011 est.)
$12.65 million (2010 est.) Exports - commodities
Lobster, fish, livestock, salt, concrete blocks, rum Imports World Ranking: 206
$153.4 million (2011 est.)
$138.6 million (2010 est.) Imports - commodities
Fuels, foodstuffs, manufactures, chemicals, trucks, textiles Debt - external World Ranking: 198
$8.8 million (1998)
Exchange rates
East Caribbean dollars (XCD) per US dollar - 2.7 (2011 est.)2.7 (2010 est.) 2.7 (2009) Fiscal year
1 April - 31 March
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Anguilla [ United Kingdom ] (Overseas Territory):
 
GPS points from Anguilla [ United Kingdom ] (Overseas Territory)
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Colonized by English settlers from Saint Kitts in 1650, Anguilla was administered by Great Britain until the early 19th century, when the island - against the wishes of the inhabitants - was incorporated into a single British dependency along with Saint Kitts and Nevis. Several attempts at separation failed. In 1971, two years after a revolt, Anguilla was finally allowed to secede; this arrangement was formally recognized in 1980 with Anguilla becoming a separate British dependency.