Anguilla - Economic Indicators

Economic Overview

Anguilla has few natural resources, and the economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. Increased activity in the tourism industry has spurred the growth of the construction sector contributing to economic growth. Anguillan officials have put substantial effort into developing the offshore financial sector, which is small but growing. In the medium term, prospects for the economy will depend largely on the tourism sector and, therefore, on revived income growth in the industrialized nations as well as on favorable...

Continue reading View Factbook for Anguilla

GDP Reference Last Previous Units Frequency
Nominal Gross Domestic Product 2016 882,089,324 891,440,637 XCD Annual
Private Consumption 2015 677,631,968 670,019,377 XCD Annual
Nominal Fixed Investment (gross fixed capital formation) 2015 222,829,480 207,334,655 XCD Annual
Government Consumption 2014 122.98 122.37 Mil. XCD Annual
Real Gross Domestic Product 2012 97.96 104.96 Index 2005=100 Annual
Price Reference Last Previous Units Frequency
Consumer Price Index (CPI) 2017 Q4 107.29 105.3 2010=100, NSA Quarterly
Trade Reference Last Previous Units Frequency
Net Exports Sep 2017 155,150 154,066 USD, NSA Monthly
Exports of Goods 2016 7,183,911 5,421,474 USD Annual
Current Account Balance 2016 -99,242,946 -59,750,443 USD Annual
Balance of Goods 2016 -162,892,039 -128,528,201 USD Annual
Imports of Goods 2016 170,075,950 133,949,675 USD Annual
Exports of Goods and Services 2015 389,876,471 390,148,619 XCD Annual
Imports of Goods and Services 2015 560,069,935 551,168,040 XCD Annual
Government Reference Last Previous Units Frequency
Outstanding Public Debt - Foreign 2016 Q4 0 Mil. USD Quarterly
Markets Reference Last Previous Units Frequency
Average Long-term Government Bond Mar 2018 3,038 2,525 Mil. USD, NSA Monthly
Money Market Rate Jan 2016 6.89 6.89 % p.a., NSA Monthly
Lending Rate Feb 2013 6.5 6.5 % - End of period Monthly
Demographics Reference Last Previous Units Frequency
Birth Rate 2050 10.38 10.4 # per Ths. pop., NSA Annual
Death Rate 2050 8.9 8.75 # per Ths. pop., NSA Annual
Net Migration 2050 7.41 7.48 Per Thousand, NSA Annual
Population 2016 14,764 14,611 # Annual

Factbook

Background

Background:
Colonized by English settlers from Saint Kitts in 1650, Anguilla was administered by Great Britain until the early 19th century, when the island - against the wishes of the inhabitants - was incorporated into a single British dependency along with Saint Kitts and Nevis. Several attempts at separation failed. In 1971, two years after a revolt, Anguilla was finally allowed to secede; this arrangement was formally recognized in 1980, with Anguilla becoming a separate British dependency. On 7 September 2017, the island suffered extensive damage from Hurricane Irma, particularly to communications and residential and business infrastructure.

Geography

Location:
Caribbean, islands between the Caribbean Sea and North Atlantic Ocean, east of Puerto Rico
Geographic coordinates:
18 15 N, 63 10 W
Map references:
Central America and the Caribbean
Area:
total: 91 sq km
land: 91 sq km
water: 0 sq km
country comparison to the world: 227
Area - comparative:
about one-half the size of Washington, DC
Land boundaries:
0 km
Coastline:
61 km
Maritime claims:
territorial sea: 3 nm
exclusive fishing zone: 200 nm
Climate:
tropical; moderated by northeast trade winds
Terrain:
flat and low-lying island of coral and limestone
Elevation:
mean elevation: NA
elevation extremes: lowest point: Caribbean Sea 0 m
highest point: Crocus Hill 73 m
Natural resources:
salt, fish, lobster
Land use:
agricultural land: 0%
arable land 0%; permanent crops 0%; permanent pasture 0%
forest: 61.1%
other: 38.9% (mostly rock with some commercial salt ponds) (2011 est.)
Irrigated land:
0 sq km (2012)
Population - distribution:
most of the population is concentrated in The Valley in the center of the island; settlement is fairly uniform in the southwest, but rather sparse in the northeast
Natural hazards:
frequent hurricanes and other tropical storms (July to October)
Environment - current issues:
supplies of potable water sometimes cannot meet increasing demand largely because of poor distribution system
Geography - note:
the most northerly of the Leeward Islands in the Lesser Antilles

People & Society

Population:
17,087 (July 2017 est.)
country comparison to the world: 220
Nationality:
noun: Anguillan(s)
adjective: Anguillan
Ethnic groups:
African/black 85.3%, hispanic 4.9%, mixed 3.8%, white 3.2%, East Indian/Indian 1%, other 1.6%, unspecified 0.3% (2011 est.)
Languages:
English (official)
Religions:
Protestant 73.2% (includes Anglican 22.7%, Methodist 19.4%, Pentecostal 10.5%, Seventh Day Adventist 8.3%, Baptist 7.1%, Church of God 4.9%, Presbytarian 0.2%, Brethren 0.1%), Roman Catholic 6.8%, Jehovah's Witness 1.1%, other Christian 10.9%, other 3.2%, unspecified 0.3%, none 4.5% (2011 est.)
Age structure:
0-14 years: 22.21% (male 1,936/female 1,859)
15-24 years: 14.08% (male 1,205/female 1,200)
25-54 years: 43.82% (male 3,363/female 4,124)
55-64 years: 11.06% (male 880/female 1,010)
65 years and over: 8.84% (male 750/female 760) (2017 est.)
population pyramid:
Median age:
total: 34.8 years
male: 32.9 years
female: 36.7 years (2017 est.)
country comparison to the world: 80
Population growth rate:
1.97% (2017 est.)
country comparison to the world: 46
Birth rate:
12.5 births/1,000 population (2017 est.)
country comparison to the world: 157
Death rate:
4.6 deaths/1,000 population (2017 est.)
country comparison to the world: 204
Net migration rate:
11.7 migrant(s)/1,000 population (2017 est.)
country comparison to the world: 8
Population distribution:
most of the population is concentrated in The Valley in the center of the island; settlmement is fairly uniform in the southwest, but rather sparce in the northeast
Urbanization:
urban population: 100% of total population (2017)
rate of urbanization: 0.88% annual rate of change (2015-20 est.)
Major urban areas - population:
THE VALLEY (capital) 1,000 (2014)
Sex ratio:
at birth: 1.04 male(s)/female
0-14 years: 1.04 male(s)/female
15-24 years: 1 male(s)/female
25-54 years: 0.82 male(s)/female
55-64 years: 0.9 male(s)/female
65 years and over: 0.98 male(s)/female
total population: 0.91 male(s)/female (2016 est.)
Infant mortality rate:
total: 3.3 deaths/1,000 live births
male: 3.7 deaths/1,000 live births
female: 2.9 deaths/1,000 live births (2017 est.)
country comparison to the world: 211
Life expectancy at birth:
total population: 81.5 years
male: 78.9 years
female: 84.2 years (2017 est.)
country comparison to the world: 24
Total fertility rate:
1.74 children born/woman (2017 est.)
country comparison to the world: 165
Drinking water source:
improved:
urban: 94.6% of population
rural: NA
total: 94.6% of population
unimproved:
urban: 5.4% of population
rural: NA
total: 5.4% of population (2015 est.)
Sanitation facility access:
improved:
urban: 97.9% of population
rural: NA
total: 97.9% of population
unimproved:
urban: 2.1% of population
rural: NA
total: 2.1% of population (2015 est.)
HIV/AIDS - adult prevalence rate:
NA
HIV/AIDS - people living with HIV/AIDS:
NA
HIV/AIDS - deaths:
NA
Major infectious diseases:
note: active local transmission of Zika virus by Aedes species mosquitoes has been identified in this country (as of August 2016); it poses an important risk (a large number of cases possible) among US citizens if bitten by an infective mosquito; other less common ways to get Zika are through sex, via blood transfusion, or during pregnancy, in which the pregnant woman passes Zika virus to her fetus (2016)
Education expenditures:
2.8% of GDP (2008)
country comparison to the world: 146

Government

Country name:
conventional long form: none
conventional short form: Anguilla
etymology: the name Anguilla means "eel" in various Romance languages (Spanish, Italian, Portuguese, French) and likely derives from the island's lengthy shape
Dependency status:
overseas territory of the UK
Government type:
parliamentary democracy (House of Assembly); self-governing overseas territory of the UK
Capital:
name: The Valley
geographic coordinates: 18 13 N, 63 03 W
time difference: UTC-4 (1 hour ahead of Washington, DC, during Standard Time)
Administrative divisions:
none (overseas territory of the UK)
Independence:
none (overseas territory of the UK)
National holiday:
Anguilla Day, 30 May (1967)
Constitution:
several previous; latest 1 April 1982; amended 1990 (2016)
Legal system:
common law based on the English model
Citizenship:
see United Kingdom
Suffrage:
18 years of age; universal
Executive branch:
chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor Christina SCOTT (since 23 July 2013)
head of government: Chief Minister Hubert HUGHES (since 16 February 2010)
cabinet: Executive Council appointed by the governor from among elected members of the House of Assembly
elections/appointments: the monarchy is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or majority coalition usually appointed chief minister by the governor
Legislative branch:
description: unicameral House of Assembly (11 seats; 7 members directly elected in single-seat constituencies by simple majority vote, 2 appointed by the governor, and 2 ex officio members - the attorney general and deputy governor; members serve five-year terms)
elections: last held on 22 April 2015 (next to be held in 2020)
election results: percent of vote by party - AUF 54.4%, AUM 38.3%, DOVE 1.4%, independent 5.9%; seats by party - AUF 6, independent 1
Judicial branch:
highest court(s): the Eastern Caribbean Supreme Court (ECSC) is the superior court of the Organization of Eastern Caribbean States; the ECSC - headquartered on St. Lucia - consists of the Court of Appeal - headed by the chief justice and 4 judges - and the High Court with 18 judges; the Court of Appeal is itinerant, travelling to member states on a schedule to hear appeals from the High Court and subordinate courts; High Court judges reside in the member states, though none on Anguilla
judge selection and term of office: Eastern Caribbean Supreme Court chief justice appointed by Her Majesty, Queen ELIZABETH II; other justices and judges appointed by the Judicial and Legal Services Commission; Court of Appeal justices appointed for life with mandatory retirement at age 65; High Court judges appointed for life with mandatory retirement at age 62
subordinate courts: Magistrate's Court; Juvenile Court
Political parties and leaders:
Anguilla Democratic Party or ADP
Anguilla National Alliance or ANA
Anguilla United Front or AUF [Victor BANKS] (an alliance ADP and ANA)
Anguilla United Movement or AUM [Dr. Ellis WEBSTER]
Democracy, Opportunity, Vision, and Empowerment Party or DOVE [Sutcliffe HODGE]
International organization participation:
Caricom (associate), CDB, Interpol (subbureau), OECS, UNESCO (associate), UPU
Diplomatic representation in the US:
none (overseas territory of the UK)
Diplomatic representation from the 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 a turquoise-blue field below; the white in the background represents peace; the blue base symbolizes the surrounding sea, as well as faith, youth, and hope; the three dolphins stand for endurance, unity, and strength
National symbol(s):
dolphin
National anthem:
name: "God Bless Anguilla"
lyrics/music: Alex RICHARDSON
note: local anthem adopted 1981; as a territory of the United Kingdom, "God Save the Queen" is official (see United Kingdom)

Economy

Economy - overview:
Anguilla has few natural resources, and the economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. Increased activity in the tourism industry has spurred the growth of the construction sector contributing to economic growth. Anguillan officials have put substantial effort into developing the offshore financial sector, which is small but growing. In the medium term, prospects for the economy will depend largely on the tourism sector and, therefore, on revived income growth in the industrialized nations as well as on favorable weather conditions.
GDP (purchasing power parity):
$175.4 million (2009 est.)
$191.7 million (2008 est.)
$108.9 million (2004 est.)
country comparison to the world: 222
GDP (official exchange rate):
$175.4 million (2009 est.)
GDP - real growth rate:
-8.5% (2009 est.)
country comparison to the world: 217
GDP - per capita (PPP):
$12,200 (2008 est.)
country comparison to the world: 125
GDP - composition, by end use:
household consumption: 71.8%
government consumption: 14.5%
investment in fixed capital: 19.4%
investment in inventories: 0%
exports of goods and services: 40.8%
imports of goods and services: -46.6% (2015 est.)
GDP - composition, by sector of origin:
agriculture: 2.4%
industry: 21.3%
services: 76.3% (2016 est.)
Agriculture - products:
small quantities of tobacco, vegetables; cattle raising
Industries:
tourism, boat building, offshore financial services
Industrial production growth rate:
2% (2016 est.)
country comparison to the world: 106
Labor force:
6,049 (2001)
country comparison to the world: 220
Labor force - by occupation:
agriculture/fishing/forestry/mining: 4%
manufacturing: 3%
construction: 18%
transportation and utilities: 10%
commerce: 36%
services: 29% (2000 est.)
Unemployment rate:
8% (2002)
country comparison to the world: 101
Population below poverty line:
23% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Budget:
revenues: $84.41 million
expenditures: $82.7 million (2016 est.)
Taxes and other revenues:
48.1% of GDP (2016 est.)
country comparison to the world: 18
Budget surplus (+) or deficit (-):
1% of GDP (2016 est.)
country comparison to the world: 25
Public debt:
20.1% of GDP (2015 est.)
20.8% of GDP (2014 est.)
country comparison to the world: 184
Fiscal year:
1 April - 31 March
Inflation rate (consumer prices):
-0.6% (2016 est.)
-0.9% (2015 est.)
country comparison to the world: 25
Central bank discount rate:
6.5% (31 December 2010)
6.5% (31 December 2009)
country comparison to the world: 55
Commercial bank prime lending rate:
9.2% (31 December 2016 est.)
9.05% (31 December 2015 est.)
country comparison to the world: 90
Stock of narrow money:
$23.74 million (31 December 2016 est.)
$25.98 million (31 December 2015 est.)
country comparison to the world: 192
Stock of broad money:
$374.4 million (31 December 2016 est.)
$397.7 million (31 December 2015 est.)
country comparison to the world: 188
Stock of domestic credit:
$209.1 million (31 December 2016 est.)
$422.5 million (31 December 2015 est.)
country comparison to the world: 183
Current account balance:
$-25.3 million (2016 est.)
$-28.8 million (2015 est.)
country comparison to the world: 63
Exports:
$3.9 million (2016 est.)
$4 million (2015 est.)
country comparison to the world: 219
Exports - commodities:
lobster, fish, livestock, salt, concrete blocks, rum
Imports:
$104 million (2016 est.)
$108 million (2015 est.)
country comparison to the world: 216
Imports - commodities:
fuels, foodstuffs, manufactures, chemicals, trucks, textiles
Debt - external:
$41.04 million (31 December 2013)
$8.8 million (1998)
country comparison to the world: 196
Exchange rates:
East Caribbean dollars (XCD) per US dollar -
2.7 (2016 est.)
2.7 (2015 est.)
2.7 (2014 est.)
2.7 (2013 est.)
2.7 (2012 est.)

Communications

Telephones - fixed lines:
total subscriptions: 6,000
subscriptions per 100 inhabitants: 37 (July 2016 est.)
country comparison to the world: 206
Telephones - mobile cellular:
total: 26,000
subscriptions per 100 inhabitants: 158 (July 2016 est.)
country comparison to the world: 209
Telephone system:
general assessment: modern internal telephone system
domestic: fixed-line teledensity is about 35 per 100 persons; mobile-cellular teledensity is roughly 160 per 100 persons
international: country code - 1-264; landing point for the East Caribbean Fiber System submarine cable with links to 13 other islands in the eastern Caribbean extending from the British Virgin Islands to Trinidad; microwave radio relay to island of Saint Martin/Sint Maarten (2015)
Broadcast media:
1 private TV station; multi-channel cable TV subscription services are available; about 10 radio stations, one of which is government-owned (2009)
Internet country code:
.ai
Internet users:
total: 13,665
percent of population: 81.6% (July 2016 est.)
country comparison to the world: 208

Transportation

National air transport system:
number of registered air carriers: 2
inventory of registered aircraft operated by air carriers: 3 (2015)
Civil aircraft registration country code prefix:
VP-A (2016)
Airports:
2 (2013)
country comparison to the world: 197
Airports - with paved runways:
total: 1
1,524 to 2,437 m: 1 (2017)
Airports - with unpaved runways:
total: 1
under 914 m: 1 (2013)
Roadways:
total: 175 km
paved: 82 km
unpaved: 93 km (2004)
country comparison to the world: 211
Ports and terminals:
major seaport(s): Blowing Point, Road Bay

Military & Security

Military - note:
defense is the responsibility of the UK

Transnational Issues

Disputes - international:
none
Illicit drugs:
transshipment point for South American narcotics destined for the US and Europe

Economic Indicators for Anguilla including actual values, historical data, and latest data updates for the Anguilla economy.