Antigua and Barbuda: Economy

Economic Trivia

Tourism accounts for nearly 60% of GDP and 40% of investment.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): United States, China, and United Kingdom
Top 3 Exported Goods (2014): Textile Articles, Aircraft, and Items nesoi

Top Industries Source: CIA World Factbook

Tourism; Construction; Light Manufacturing (Clothing, Alcohol, Household Appliances)

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $2,006,791,859 (2014)
GDP Growth Rate (annual %) 4.822% (2014)
GDP Per Capita, PPP (current international) $22,077 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 176/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 1.089% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 41.9% (2015)
Real Interest Rate (5 year average %) 7.483% (2014)
Manufacturing, value added (% of GDP) 2.954% (2014)
Current Account Balance (BoP, current US$) ($204,399,949) (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total Data unavailable
Employment in Agriculture (% of total employment) 2.8% (2008)
Employment in Industry (% of total employment) 15.6% (2008)
Employment in Services (% of total employment) 81.6% (2008)
Unemployment Rate 8.4% (2001)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $724,862,715 (2014)
Exports of goods and services (current US$) $552,793,123 (2014)
Total Merchandise Trade (% of GDP) 45.461% (2014)
FDI, net inflows (BoP, current US$) $167,247,543 (2014)
Commercial Service Exports (current US$) $452,410,222 (2013)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Antigua and Barbuda’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary