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 |
Antigua and Barbuda
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