21, Nov 2009, CST. Welcome to the Antigua and Barbuda economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Antigua and Barbuda › Change country
National or Regional Currency: East Caribbean Dollar, CXD
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 85,632 (July 2009 est.)
Area: total: 442.6 sq km (Antigua 280 sq km; Barbuda 161 sq km) land: 442.6 sq km water: 0 sq km note: includes Redonda, 1.6 sq km
Natural Resources: NEGL; pleasant climate fosters tourism
Government Type: Antigua and Barbuda government type
Government Ministers: Antigua and Barbuda ministers
Capital: Saint John's
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Antigua has a relatively high Gross Domestic Product (GDP) per capita in comparison to most other Caribbean countries. Its economy experienced solid growth from 2003 to 2007, reaching over 12 per cent in 2006, driven by a construction and building boom in hotels and housing associated with the Cricket World Cup. Growth dropped off in 2008 with the end of the boom. Tourism and transportation perpetuates to dominate its economy, accounting for nearly 60 per cent of Gross Domestic Product (GDP) and 40 per cent of investment. The dual-island country's agricultural, agrarian, fisheries and farming production is focused on the domestic market and constrained by a put a ceiling on water supply and a workforce shortage stemming from the lure of higher wages in tourism and transportation and construction and building. Industrial manufacturing comprises enclave-type assembly for export with serious products being bedding, handicrafts, and electronic components. Prospects for growth of the economy in the medium term will perpetuate to depend on tourist arrivals from the USA, Canada, and Europe and potential damages from natural disasters. Since taking office in 2004, the SPENCER government has adopted an ambitious financial reform program, and has been successful in reducing its Gross Domestic Product (GDP) to public or government ratio from 120 per cent to approximately 90 per cent.
More on the Antigua and Barbuda Economy
More on the Antigua and Barbuda Export, Import and Trade

GDP (Constant Prices, National Currency) for Antigua and Barbuda in year 2008 is CXD 1.876 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Antigua and Barbuda in year 2008 is 4.2 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Antigua and Barbuda in year 2008 is CXD 3.391 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Antigua and Barbuda in year 2008 is US$ 1.256 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Antigua and Barbuda in year 2008 is 180.713 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Antigua and Barbuda in year 2008 is CXD 22,305.03 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Antigua and Barbuda in year 2008 is CXD 40,308.05 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Antigua and Barbuda in year 2008 is US$ 14,928.91 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Antigua and Barbuda in year 2008 is not available

GDP (PPP), US Dollars for Antigua and Barbuda in year 2008 is US$ 1.646 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Antigua and Barbuda in year 2008 is US$ 19,571.57 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Antigua and Barbuda in year 2008 is 0.002 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Antigua and Barbuda in year 2008 is 2.06 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Antigua and Barbuda in year 2008 is not available

Gross National Savings (% of GDP) for Antigua and Barbuda in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Antigua and Barbuda in year 2008 is 120.531 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Antigua and Barbuda in year 2008 is 5.6 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Antigua and Barbuda in year 2008 is 118.657 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Antigua and Barbuda in year 2008 is 2.3 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Antigua and Barbuda in year 2008 is not available

Unemployment Rate (% of Labour Force) for Antigua and Barbuda in year 2008 is not available

Employment for Antigua and Barbuda in year 2008 is not available

Population for Antigua and Barbuda in year 2008 is 0.084 Million .

General Government Balance (National Currency) for Antigua and Barbuda in year 2008 is not available

General Government Balance (% of GDP) for Antigua and Barbuda in year 2008 is not available

General Government Structural Balance (National Currency) for Antigua and Barbuda in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Antigua and Barbuda in year 2008 is not available

General Government Net Debt (National Currency) for Antigua and Barbuda in year 2008 is not available

General Government Net Debt (% GDP) for Antigua and Barbuda in year 2008 is not available

General Government Gross Debt (National Currency) for Antigua and Barbuda in year 2008 is not available

General Government Gross Debt (% GDP) for Antigua and Barbuda in year 2008 is not available

Current Account Balance (US Dollars) for Antigua and Barbuda in year 2008 is US$ -0.245 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Antigua and Barbuda in year 2008 is -19.5 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.