Antigua and Barbuda - Economy
How is the economy of Antigua and Barbuda? Based on the information we have, Antigua and Barbuda has a dual island-tourism and construction-driven economy; emerging “blue economy”; limited water supply and susceptibility to hurricanes limit activity; improving road infrastructure; friendly to foreign direct investment; looking at financial innovation in cryptocurrency and blockchain technologies. Key agricultural products in this country include: tropical fruits, milk, mangoes/guavas, eggs, lemons/limes, pumpkins/squash, sweet potatoes, vegetables, cucumbers/gherkins, yams (2023).
More about the economy of Antigua and Barbuda
| Labor force | |
|---|---|
| Industrial production growth rate | 1% (2023 est.) |
| Industries | tourism, construction, light manufacturing (clothing, alcohol, household appliances) |
| Population below poverty line | |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | East Caribbean dollars (XCD) per US dollar - |
| Exchange rates 2024 | 2.7 (2024 est.) |
| Exchange rates 2023 | 2.7 (2023 est.) |
| Exchange rates 2022 | 2.7 (2022 est.) |
| Exchange rates 2021 | 2.7 (2021 est.) |
| Exchange rates 2020 | 2.7 (2020 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $358.441 million (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $364.367 million (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $396.506 million (2022 est.) |
| Current account balance | |
| Current account balance 2024 | -$181.366 million (2024 est.) |
| Current account balance 2023 | -$271.047 million (2023 est.) |
| Current account balance 2022 | -$291.674 million (2022 est.) |
| Budget | |
| Revenues | $251.418 million (2014 est.) |
| Expenditures | $266.044 million (2014 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2024 | 1.2% of GDP (2024 est.) |
| Remittances 2023 | 1.7% of GDP (2023 est.) |
| Remittances 2022 | 1.9% of GDP (2022 est.) |
| Imports | |
| Imports 2024 | $1.282 billion (2024 est.) |
| Imports 2023 | $1.273 billion (2023 est.) |
| Imports 2022 | $1.227 billion (2022 est.) |
| Imports (partners) | USA 43%, Poland 6%, China 5%, UK 4%, Germany 4% (2023) |
| Comodities Imports force | ships, refined petroleum, cars, plastic products, furniture (2023) |
| Exports | |
| Imports 2024 | $1.282 billion (2024 est.) |
| Imports 2023 | $1.273 billion (2023 est.) |
| Imports 2022 | $1.227 billion (2022 est.) |
| Exports (partners) | Suriname 29%, Poland 21%, USA 8%, Dominican Republic 7%, Australia 5% (2023) |
| Comodities Exports force | refined petroleum, ships, soybean meal, shellfish, paintings (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $2.772 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $2.657 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $2.594 billion (2022 est.) |
| GDP (official exchange rate) | $2.225 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $29,600 (2024 est.) |
| Real GDP per capita 2023 | $28,500 (2023 est.) |
| Real GDP per capita 2022 | $27,900 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 1.9% (2023 est.) |
| Industry | 19% (2023 est.) |
| Services | 69.1% (2023 est.) |
All Important Facts about Antigua and Barbuda
Want to know more about Antigua and Barbuda? Check all different factbooks for Antigua and Barbuda below.
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Antigua and Barbuda Factbook
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The Economy of Antigua and Barbuda
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Learn about the Government of Antigua and Barbuda
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Communication in Antigua and Barbuda
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Popular Universities in Antigua and Barbuda
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Enerny in Antigua and Barbuda
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Transport in Antigua and Barbuda
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The Geography and society of Antigua and Barbuda
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The Environment of Antigua and Barbuda
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Military and security in Antigua and Barbuda