my, and especially
the tourism sector, suffered a setback in late 1995 due to the
effects of Hurricane Luis in September but recovered in 1996.
Increased activity in the tourism industry, which has spurred the
growth of the construction sector, contributed to economic growth in
1997-98. Anguillan officials have put substantial effort into
developing the offshore financing sector. A comprehensive package of
financial services legislation was enacted in late 1994. In the
medium term, prospects for the economy will depend on the tourism
sector and, therefore, on continuing income growth in the
industrialized nations.

GDP: purchasing power parity--$81 million (1997 est.)

GDP--real growth rate: 6.5% (1997 est.)

GDP--per capita: purchasing power parity?$7,300 (1997 est.)

GDP--composition by sector:
agriculture: 4%
industry: 16%
services: 80% (1996 est.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 0.6% (1997)

Labor force: 4,400 (1992)

Labor force--by occupation: commerce 36%, services 29%,
construction 18%, transportation and utilities 10%, manufacturing
3%, agriculture/fishing/forestry/mining 4%

Unemployment rate: 7% (1992 est.)

Budget:
revenues: $20.4 million
expenditures: $23.3 million, including capital expenditures of $3.8
million (1997 est.)

Industries: tourism, boat building, offshore financial services

Industrial production growth rate: 3.1% (1997 est.)

Electricity--production: NA kWh

Electricity--production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

Electricity--consumption: NA kWh

Electricity--exports: NA kWh

Electricity--imports: NA kWh

Agriculture--products: pigeon peas, corn, sweet potatoes; sheep,
goats, pigs, cattle, poultry; fish, lobsters

Exports: $1.6 million (1997)

Exports--commodities: lobster, fish, livestock, salt

Exports--partners: NA

Imports: $54.2 million (1997)

Imports--commodities: NA

Imports--partners: NA

Debt--external: $8.5 million (1996)

Economic aid--recipient: $3.5 million (1995)

Currency: 1 East Caribbean dollar (EC$) = 100 cents

Exchange rates: East Caribbean dollars (EC$) per US$1--2.7000
(fixed rate since 1976)

Fiscal year: 1 April--31 March

Communications

Telephones: 890

Telephone system:
domestic: modern interna