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Anguilla Economy 2010
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SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

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Anguilla Economy 2010
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 15, 2010

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 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):
$108.9 million (2004 est.)

GDP (official exchange rate):
$108.9 million (2004 est.)

GDP - real growth rate:
10.2% (2004 est.)

GDP - per capita (PPP):
$8,800 (2004 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 est.)

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 (2000 est.)

Inflation rate (consumer prices):
5.3% (2006 est.)

Central bank discount rate:
6.5% (31 December 2008)

6.5% (31 December 2007)

Commercial bank prime lending rate:
9.51% (31 December 2008)

9.76% (31 December 2007)

Stock of money:
$21.12 million (31 December 2008)

$23.57 million (31 December 2007)

Stock of quasi money:
$449.5 million (31 December 2008)

$470.1 million (31 December 2007)

Stock of domestic credit:
$529.6 million (31 December 2008)

$447.7 million (31 December 2007)

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:
$-42.87 million (2003 est.)

Exports:
$13 million (2006 est.)

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

Imports:
$143 million (2006 est.)

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

Debt - external:
$8.8 million (1998 est.)

Exchange rates:
East Caribbean dollars (XCD) per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003)
note: fixed rate since 1976


NOTE: The information regarding Anguilla on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Anguilla Economy 2010 information contained here. All suggestions for corrections of any errors about Anguilla Economy 2010 should be addressed to the CIA.






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