US: none (overseas territory of the
UK)
Flag description: blue, with the flag of the UK in the upper
hoist-side quadrant and the Anguillan coat of arms centered in the
outer half of the flag; the coat of arms depicts three orange dolphins
in an interlocking circular design on a white background with blue
wavy water below
@Anguilla:Economy
Economy - overview: Anguilla has few natural resources, and the
economy depends heavily on luxury tourism, offshore banking, lobster
fishing, and remittances from emigrants. The economy, 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
as well as favorable weather conditions.
GDP: purchasing power parity - $88 million (1998 est.)
GDP - real growth rate: 6.5% (1998 est.)
GDP - per capita: purchasing power parity - $7,900 (1998 est.)
GDP - composition by sector:
agriculture: 4%
industry: 18%
services: 78% (1997 est.)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 2.5% (1998 est.)
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: small quantities of tobacco, vegetables;
cattle raising
Exports: $4.5 million (1998)
Exports
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