Anguilla - Economy
How is the economy of Anguilla? Based on the information we have, Anguilla has a small, tourism-dependent, territorial-island economy; very high public debt; COVID-19 crippled economic activity; partial recovery underway via tourism, benefitting from its high amount of timeshare residences; considering reopening oil refinery. Key agricultural products in this country include: small quantities of tobacco, vegetables; cattle raising.
More about the economy of Anguilla
| Labor force | |
|---|---|
| Industrial production growth rate | 4% (2017 est.) |
| Industries | tourism, boat building, offshore financial services |
| Population below poverty line | 23% (2002 est.) |
| Taxes and other revenues | 46.7% (of GDP) (2017 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | East Caribbean dollars (XCD) per US dollar - |
| Exchange rates 2017 | 2.7 (2017 est.) |
| Exchange rates 2016 | 2.7 (2016 est.) |
| Exchange rates 2015 | 2.7 (2015 est.) |
| Exchange rates 2014 | 2.7 (2014 est.) |
| Exchange rates 2013 | 2.7 (2013 est.) |
| Debt - external | |
| Debt - external 31 December 2013 | $41.04 million (31 December 2013) |
| Debt - external 1998 | $8.8 million (1998) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 31 December 2017 | $76.38 million (31 December 2017 est.) |
| Reserves of foreign exchange and gold 31 December 2015 | $48.14 million (31 December 2015 est.) |
| Current account balance | |
| Current account balance 2017 | -$23.2 million (2017 est.) |
| Current account balance 2016 | -$25.3 million (2016 est.) |
| Public debt | |
| Public debt 2015 | 20.1% of GDP (2015 est.) |
| Public debt 2014 | 20.8% of GDP (2014 est.) |
| Budget | |
| Revenues | $81.92 million (2017 est.) |
| Expenditures | $80.32 million (2017 est.) |
| Budget surplus (+) or deficit (-) | 0.9% (of GDP) (2017 est.) |
| Imports | |
| Imports 2017 | $186.2 million (2017 est.) |
| Imports 2016 | $170.1 million (2016 est.) |
| Imports (partners) | Chile 48%, US 27%, Botswana 18%, Canada 1%, Japan 1% (2022) |
| Comodities Imports force | poultry, copper ore, refined petroleum, natural gas, fish (2022) |
| Exports | |
| Imports 2017 | $186.2 million (2017 est.) |
| Imports 2016 | $170.1 million (2016 est.) |
| Exports (partners) | Chile 74%, Hungary 7%, Kyrgyzstan 3%, US 2%, Netherlands 2% (2022) |
| Comodities Exports force | packaged medicine, garments, vehicle parts/accessories, trucks, blank audio media (2022) |
| GDP (official exchange rate) | |
| GDP - composition, by sector of origin | |
| Agriculture | 3% (2017 est.) |
| Industry | 10.5% (2017 est.) |
| Services | 86.4% (2017 est.) |
| GDP - composition, by end use | |
| Household consumption | 74.1% (2017 est.) |
| Government consumption | 18.3% (2017 est.) |
| Investment in fixed capital | 26.8% (2017 est.) |
| Investment in inventories | 0% (2017 est.) |
| Exports of goods and services | 48.2% (2017 est.) |
| Imports of goods and services | -67.4% (2017 est.) |
All Important Facts about Anguilla
Want to know more about Anguilla? Check all different factbooks for Anguilla below.
