Antigua and Barbuda: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data Unavailable |
| 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 (2019): United States, China, and Japan |
| Top Industries Source: CIA World Factbook | Tourism; Construction; Light Manufacturing (Clothing, Alcohol, Household Appliances) |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $2,375,639,620 (2022) |
| GDP Growth Rate (annual %) | 8.459% (2022) |
| GDP Per Capita, PPP (current international) | $25,337 (2022) |
GDP Country Rank 179/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 7.531% (2022) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 43% (2019) |
| Real Interest Rate (5 year average %) | 3.341% (2022) |
| Manufacturing, value added (% of GDP) | 1.835% (2022) |
| Current Account Balance (BoP, current US$) | ($244,225,271) (2021) |
Labor and Employment [1]
| Labor Force, Total | Data unavailable |
| Employment in Agriculture (% of total employment) | 2.8% (2008) |
| Employment in Industry (% of total employment) | 15.64% (2008) |
| Employment in Services (% of total employment) | 81.55% (2008) |
| Unemployment Rate | 8.4% (2001) |
Trade [1]
| Imports of goods and services (current US$) | $655,278,519 (2020) |
| Exports of goods and services (current US$) | $598,873,556 (2020) |
| Total Merchandise Trade (% of GDP) | 42.444% (2022) |
| FDI, net inflows (BoP, current US$) | $195,850,567 (2022) |
| Commercial Service Exports (current US$) | $702,728,330 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.