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Antigua and Barbuda GDP and Economic Data

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.

 
 
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Central bank

Eastern Caribbean Central Bank

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International Reserves

USD 0.22 billion (2020)
World Bank, last updated 12/16/2021

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Gross Domestic Product - GDP

USD 1.41 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

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GDP (Purchasing Power Parity)

USD 1.87 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

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

*Estimate

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GDP per capita - current prices

USD 14,117.84 (2021 estimate)
IMF - World Economic Outlook, October 2021

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GDP per capita - PPP

USD 18,801.39 (2021 estimate)
IMF - World Economic Outlook, October 2021

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GDP (PPP) - share of world total

0.001% (2021 estimate)
IMF - World Economic Outlook, October 2021

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GDP - composition by sector
  • agriculture: 2.1% 
  • industry: 21.7% 
  • services: 65.2%

(2020 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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

*Estimate

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Unemployment rate
N/A
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Household saving rates

N/A

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Public debt (General government gross debt as a % of GDP)
2017 2018 2019 2020 2021*
92.2% 87.7% 81.3% 101.3% 105.2%

*Estimate

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

*Estimate

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Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares

N/A

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Largest companies

N/A

Source
 
 
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Current account balance

USD -0.15 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

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Current account balance by percentage of GDP

-10.3% (2021 estimate)
IMF - World Economic Outlook, October 2021

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Exports as percent of GDP (Exports of goods and services)

43.7% (2020)
World Bank - World Development Indicators (updated Feb 2022)

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Shares in world total merchandising export

0.0001% (2020)

 

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Shares in world total commercial services export

0.01% (2020)
Compiled by GFMag - Based on World Bank - World Development Indicators

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Total exports

USD 600.1 million (2020 estimate)

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Export commodities

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

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Total imports

USD 756.4 million (2020 estimate)

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Import commodities

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

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Exports - major partners

Poland 37%, Suriname 33%, United Arab Emirates 8% (2019)

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Imports - major partners

United States 39%, Poland 16%, China 7% (2019)

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FDI inflows
2018 2019 2020
USD 116 million USD 139 million USD 22 million
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FDI outflows
2018 2019 2020
USD 8.6 million USD 11.3 million USD 9.8 million
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Value of cross-border M&A, by country of purchaser
N/A
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

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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

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Global competitiveness ranking

N/A

 

 

 

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Index of Economic Freedom

N/A

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Time zone

UTC-4

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Total area

443 sq km

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Capital

Saint John's

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Currency

East Caribbean dollars (XCD)

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Government type

Parliamentary democracy under a constitutional monarchy; a Commonwealth realm

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Languages

English (official), Antiguan creole

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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.)

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

32.7 years 

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Population growth rate

1.15% (2022 est.)

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Life expectancy

76.9 years (2018 estimate)

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Literacy

Total population: 99%

Male: 98.4%

Female: 99.4% (2015)

Definition: age 15 and over has completed five or more years of schooling 

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Total score: 85/100

Status: Free

Political Rights: 33/40

Civil Liberties: 52/60 (2022)

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Total telephone subscribers as % of population

Fixed: 27.6%

Mobile: 187.9% (2020) (fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

73.0% (2016)

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Mercer Cost of living index

N/A

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CO2 emissions

5.5 metric tons per capita (2018)

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World's Best Internet Banks

2013
2012
2011
2010
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