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 bankN/A
International ReservesUS$ 136.6 million (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 1.174 billion (2009 estimate)
GDP (Purchasing Power Parity)1.485 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
3.3%1.5%2%4.3%5.4%5%12.9%6.5%
2008200920102011*
1.8%-8.9%-4.1%3.1%

*Estimate

GDP per capita - current pricesUS$ 13,508 (2009 estimate)
GDP per capita - PPP$17,082 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0%0%0%0%0%

**Forecast

GDP - composition by sector
  • agriculture: 3.8% 
  • industry: 22% 
  • services: 74.3% (2002 estimate)

    • (Data released on November 2010)

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

(Data released on November 2010)

Inflation
2008200920102011*
5.3%(2008)-0.6%3.4%3.7%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
93.3%92.9%110.5%93.3%90.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-6.4%-6.1%-19.6%-1%-0.6%

*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 Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in Antigua and BarbudaN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -0.2 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP-18.6% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

51.7% (2008)

(Data released on December 2010)

Shares in world total merchandising export0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.01%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsN/A
Export commoditiespetroleum products, bedding, handicrafts, electronic components, transport equipment, food and live animals
Total importsUS$522.8 million (2007 estimate)
Import commoditiesfood and live animals, machinery and transport equipment, manufactures, chemicals, oil
Exports - major partnersN/A
Imports - major partnersN/A
FDI inflows
200820092010
US$174 millionUS$118 million(2009)US$105 million(2009)
FDI outflows
200820092010
N/AN/AN/A
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(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 2010

(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 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 64 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 72 out of 183 countries(2009)

Registering property: 123 out of 183 countries

Paying Taxes: 132 out of 183 countries

Getting credit: 116 out of 183 countries

Protecting investors: 28 out of 183 countries

Trading across border: 63 out of 183 countries

Enforcing Contracts: 73 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		N/A

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

N/A (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC-4
Total area 442 km2 (2006)
CapitalSaint John's (2009)
CurrencyEast Caribbean dollars (XCD) (2009)
Government typeconstitutional monarchy with a parliamentary system of government and a Commonwealth realm (2009)
LanguagesEnglish (official), local dialects
ReligionsAnglican 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
1980199020002010*2015**
0.06 million0.06 million0.08 million0.09 million0.09 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
39.7%34.6%32.1%30.4%
Population median ageN/A
Population growth rate1.1% (2009)
Life expectancyN/A
Adult literacyN/A
% of population living on less than $2 a dayN/A
Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:2 (2010)

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

Total telephone subscribers as % of population

231.77% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population80% (Data were released in 2011 and refer to 2010)
Cost of living 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)

5.1596 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

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