Antigua and Barbuda


Antigua and Barbuda Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Antigua and Barbuda; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank N/A
International Reserves US$ 147.869 million (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 1.251 billion (2010 estimate)
GDP (Purchasing Power Parity) 1.612 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.5% 2% 4.3% 5.4% 5% 12.9% 6.5% 1.5%
2009 2010 2011 2012*
-10.3% -8.9% -0.5% 1%

*Estimate

GDP per capita - current prices US$ 14,285 (2009 estimate)
GDP per capita - PPP $18,399 International Dollars (2009 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0% 0% 0% 0% 0%

**Forecast

GDP - composition by sector
  • agriculture: 3.8% 
  • industry: 32.9% 
  • services: 63.4% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
-0.6%(2008) 3.4% 3.3% 4.5%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
63.2% 83.7% 75.2% 74.6% 82.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-5.4% -18% -0.4% -1.7% -5.3%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Antigua and Barbuda N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -171 million (2010 estimate)(After 2008)
Current account balance by percentage of GDP -13.7% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

44.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.01% (2011)(2007)

(Data were released in 2012)

Total exports US$37.9 million (2012 estimate) 
Export commodities petroleum products, bedding, handicrafts, electronic components, transport equipment, food and live animals
Total imports US$400 million (2012 estimate) 
Import commodities food and live animals, machinery and transport equipment, manufactures, chemicals, oil
Exports - major partners N/A
Imports - major partners N/A
FDI inflows
2009 2010 2011
US$81 million US$97 million(2009) US$59 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 63 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 85 out of 185 countries(2009)

Enforcing Contracts: 72 out of 185 countries

Registering Property: 125 out of 185 countries

Getting credit: 104 out of 185 countries

Protecting investors: 32 out of 185 countries

Trading across border: 110 out of 185 countries

Paying Taxes: 142 out of 185 countries

Dealing with Construction Permits: 24 out of 185 countries

Getting Electricity: 18 out of 185 countries

Resolving Insolvency: 85 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
N/A

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

N/A (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-4
Total area 442 km2 (2006)
Capital Saint John's (2009)
Currency East Caribbean dollars (XCD) (2009)
Government type constitutional monarchy with a parliamentary system of government and a Commonwealth realm (2009)
Languages English (official), local dialects
Religions Anglican 25.7%, Seventh Day Adventist 12.3%, Pentecostal 10.6%, Moravian 10.5%, Roman Catholic 10.4%, Methodist 7.9%, Baptist 4.9%, Church of God 4.5%, other Christian 5.4%, other 2%, none or unspecified 5.8% (2001 census)
Total population
1980 1990 2000 2012* 2017**
0.06 million 0.06 million 0.08 million 0.09 million 0.09 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
39.7% 34.6% 32.1% 29.9%
Population median age N/A
Population growth rate 1% (2011)
Life expectancy N/A
Adult literacy 99% (2005/2010)
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:2 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

221.24% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 82% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

5.2618 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (Latin America, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (Latin America, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (National, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2010)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE