Browse a full set of economic indicators

Antigua and Barbuda

Includes Antigua and Barbuda real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Antigua and Barbuda economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of the country best banks and safest banks are also available.

Basic Information

Government Type:
Parliamentary democracy under a constitutional monarchy; a Commonwealth realm

Capital City: St. Johns

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Eastern Caribbean Central Bank

Currency East Caribbean dollars (XCD)

International Reserves
USD 0.22 billion (2020)
World Bank, last updated 12/16/2021
Gross Domestic Product – GDP USD 1.41 billion (2021 estimate)
IMF – World Economic Outlook, October 2021
GDP (Purchasing Power Parity) USD 1.87 billion (2021 estimate)
IMF – World Economic Outlook, October 2021

GDP Data

Real GDP growth 2017 3.1%
2018 7%
2019 4.7%
2020* -20%
2021* 1%

*Estimate
GDP per capita – current prices USD 14,117.84 (2021 estimate)
IMF – World Economic Outlook, October 2021
GDP per capita – PPP USD 18,801.39 (2021 estimate)
IMF – World Economic Outlook, October 2021
GDP (PPP) – share of world total 0.001% (2021 estimate)
IMF – World Economic Outlook, October 2021
GDP – composition by sector agriculture: 2.1%
industry: 21.7%
services: 65.2%
(2020 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2017 2.4%
2018 1.2%
2019 1.4%
2020* 1.1%
2021* 1.6%

*Estimate

Inflation & Debt

Inflation 2017 2.4%
2018 1.2%
2019 1.4%
2020* 1.1%
2021* 1.6%

*Estimate
Government Bond Ratings Standard & Poor’s: N/A

Moody’s: N/A

Standard & Poor’s / Moody’s (Updated January 2017)
Unemployment rate N/A
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2017 92.2
2018 87.7%
2019 81.3%
2020* 101.3%
2021* 105.2%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2017 -0.1%
2018 0%
2019 -1.2%
2020* -3.8%
2021* -1.1%

*Estimate
Market value of publicly traded shares N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 43.7% (2020)
World Bank – World Development Indicators (updated Feb 2022)
Shares in world total merchandising export 0.0001% (2020)

Shares in world total commercial services export 0.01% (2020)
Compiled by GFMag – Based on World Bank – World Development Indicators
Total exports USD 600.1 million (2020 estimate)

Export commodities Ships, refined petroleum, precious/semi-precious metal scraps, rice, corn (2019)

Total imports USD 756.4 million (2020 estimate)

Import commodities Refined petroleum, ships, cars, precious/semi-precious metals, recreational boats (2019)

Exports – major partners Poland 37%, Suriname 33%, United Arab Emirates 8% (2019)

Imports – major partners United States 39%, Poland 16%, China 7% (2019)

Competitiveness & Trade

Current account balance USD -0.15 billion (2021 estimate)
IMF – World Economic Outlook, October 2021
Current account balance by percentage of GDP
-10.3% (2021 estimate)
IMF – World Economic Outlook, October 2021
FDI inflows 2018 USD 116 million
2019 USD 139 million
2020 USD 22 million
FDI Outflows 2018 USD 8.6 million
2019 USD 11.3 million
2020 USD 9.8 million
Value of cross-border M&A, by country of purchaser N/A


United Nations Conference on Trade and Development (UNCTAD) – World Investment Report
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

Starting a Business: 130 out of 190 countries
Dealing with Construction Permits: 117 out of 190 countries
Getting Electricity: 50 out of 190 countries
Registering Property: 124 out of 190 countries
Getting Credit: 165 out of 190 countries
Protecting Minority Investors: 79 out of 190 countries
Paying Taxes: 145 out of 190 countries
Trading across Borders: 112 out of 190 countries
Enforcing Contracts: 36 out of 190 countries
Resolving Insolvency: 132 out of 190 countries
World Bank – Doing Business 2020
Global competitiveness ranking N/A
Index of Economic Freedom N/A

Population & Geographic Data

Total Area 28,748 sq km


Total Population 1990 0.6 Million
2000 0.08 Million
2010 0.09 Million
2015 0.09 Million
2020 0.1 Million
Urban population as % of total population 1960 39.7%
1980 34.6%
2000 32.1%
2020 24.4%
Population median age 32.7 years

CIA World Factbook / Population median age
Population growth rate 1.15% (2022 est.)

Life expectancy 76.9 years (2018 estimate)



CIA World Factbook / Life expectancy
% of population living on less than $3.10 a day
N/A
Inequality of wealth distribution (Gini index)
N/A
Freedom House rating Total score: 85/100

Status: Free

Political Rights: 33/40

Civil Liberties: 52/60 (2022)
Total telephone subscribers as % of population
Fixed: 27.6%

Mobile: 187.9% (2020) (fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 73.0% (2016)

Language & Religon

Languages English (official), Antiguan creole

Literacy Total population: 99%

Male: 98.4%

Female: 99.4% (2015)

Definition: age 15 and over has completed five or more years of schooling
Religions Protestant 68.3% (Anglican 17.6%, Seventh Day Adventist 12.4%, Pentecostal 12.2%, Moravian 8.3%, Methodist 5.6%, Wesleyan Holiness 4.5%, Church of God 4.1%, Baptist 3.6%), Roman Catholic 8.2%, other 12.2%, unspecified 5.5%, none 5.9% (2011 est.)est.)

CIA World Factbook / Religions

World Rankings

Population 2.8 M
Mercer Cost of living index N/A
C02 Emissions per capita 1.9 metric tons per capita (2018)

Global Finance Rankings & Awards: Antigua and Barbuda

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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