ARCHIVE // AG // TIME-SERIES
Economic overview
Antigua and Barbuda — 36 years of data
Historical Values
| Year | Value |
|---|---|
| 1990 | The economy is primarily service oriented, with tourism the most important determinant of economic performance. During the period 1983-87, real GDP expanded at an annual average rate of 8%. Tourism's contribution to GDP, as measured by value added in hotels and restaurants, rose from about 14% in 1983 to 17% in 1987, and stimulated growth in other sectors--particularly in construction, communications, and public utilities. During the same period the combined share of agriculture and manufacturin |
| 1991 | The economy is primarily service oriented, with tourism the most important determinant of economic performance. During the period 1983-89, real GDP expanded at an annual average rate of about 7%. Tourism's contribution to GDP, as measured by value added tax in hotels and restaurants, rose from about 14% in 1983 to 16% in 1989, and stimulated growth in other sectors--particularly in construction, communications, and public utilities. Antigua and Barbuda is one of the few areas in the Caribbean ex |
| 1992 | The economy is primarily service oriented, with tourism the most important determinant of economic performance. During the period 1987-90, real GDP expanded at an annual average rate of about 6%. Tourism makes a direct contribution to GDP of about 13% and also affects growth in other sectors - particularly in construction, communications, and public utilities. Although Antigua and Barbuda is one of the few areas in the Caribbean experiencing a labor shortage in some sectors of the economy, it wa |
| 1993 | The economy is primarily service oriented, with tourism the most important determinant of economic performance. During the period 1987-90, real GDP expanded at an annual average rate of about 6%. Tourism makes a direct contribution to GDP of about 13% and also affects growth in other sectors - particularly in construction, communications, and public utilities. Although Antigua and Barbuda is one of the few areas in the Caribbean experiencing a labor shortage in some sectors of the economy, it ha |
| 1994 | The economy is primarily service oriented, with tourism the most important determinant of economic performance. During the period 1986-91, real GDP expanded at an annual average rate of about 6%. Tourism makes a direct contribution to GDP of about 13% and also affects growth in other sectors - particularly in construction, communications, and public utilities. In 1992, reduced government capital spending and private sector investment, dampened by recession in the major world economies, slowed ec |
| 1995 | The economy is primarily service oriented, with tourism the most important determinant of economic performance. In 1993, tourism made a direct contribution to GDP of about 17%, and also spurred growth in other sectors such as construction and transport. While only accounting for roughly 5% of GDP in 1993, agricultural production increased by 4%. Tourist arrivals remained strong in 1994. |
| 1996 | Tourism continues to be by far the dominant activity in the economy but the combined share in GDP of transport and communications, trade, and public utilities has increased markedly in recent years. Tourism's direct contribution to output in 1994 was about 20%. In addition, increased tourist arrivals helped spur growth in the construction and transport sectors. The dual island nation's agricultural production is mainly directed to the domestic market; the sector is constrained by the limited wat |
| 1997 | Tourism continues to be by far the dominant activity in the economy but the combined share in GDP of transport and communications, trade, and public utilities has increased markedly in recent years. Tourism's direct contribution to output in 1994 was about 20%. In addition, increased tourist arrivals helped spur growth in the construction and transport sectors. The dual island nation's agricultural production is mainly directed to the domestic market; the sector is constrained by the limited wat |
| 1998 | Tourism continues to be by far the dominant activity in the economy accounting directly or indirectly to more than half of GDP. Increased tourist arrivals have helped spur growth in the construction and transport sectors. The dual island nation's agricultural production is mainly directed to the domestic market; the sector is constrained by the limited water supply and labor shortages that reflect the pull of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly |
| 1999 | Tourism continues to be by far the dominant activity in the economy accounting directly or indirectly for more than half of GDP. Increased tourist arrivals have helped spur growth in the construction and transport sectors. The dual island nation's agricultural production is mainly directed to the domestic market; the sector is constrained by the limited water supply and labor shortages that reflect the pull of higher wages in tourism and construction. Manufacturing comprises enclave-type assembl |
| 2000 | Tourism continues to be the dominant activity in the economy accounting directly or indirectly for more than half of GDP. In 1999 the budding offshore financial sector was seriously hurt by financial sanctions imposed by the US and UK as a result of the loosening of its money-laundering controls. The government has made efforts to comply with international demands in order to get the sanctions lifted. The dual island nation's agricultural production is mainly directed to the domestic market; the |
| 2001 | Tourism continues to be the dominant activity in the economy accounting directly or indirectly for more than half of GDP. The budding offshore financial sector has been seriously hurt by financial sanctions imposed by the US and UK as a result of the loosening of its money-laundering controls. The government has made efforts to comply with international demands in order to get the sanctions lifted. Antigua and Barbuda was listed as a tax haven by the OECD in 2000. The dual island nation's agricu |
| 2002 | Tourism continues to dominate the economy, accounting for more than half of GDP. Weak tourist arrival numbers since early 2000 have slowed the economy, however, and pressed the government into a tight fiscal corner. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction work. Manufacturing comprises enclave-type assembly for export with maj |
| 2003 | Tourism continues to dominate the economy, accounting for more than half of GDP. Weak tourist arrival numbers since early 2000 have slowed the economy, however, and pressed the government into a tight fiscal corner. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major pr |
| 2004 | Tourism continues to dominate the economy, accounting for more than half of GDP. Weak tourist arrival numbers since early 2000 have slowed the economy, however, and pressed the government into a tight fiscal corner. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major pr |
| 2005 | Tourism continues to dominate the economy, accounting for more than half of GDP. Weak tourist arrival numbers since early 2000 have slowed the economy, however, and pressed the government into a tight fiscal corner. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major pr |
| 2006 | Tourism continues to dominate the economy, accounting for more than half of GDP. Weak tourist arrival numbers since early 2000 have slowed the economy, however, and pressed the government into a tight fiscal corner. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major pr |
| 2007 | Tourism continues to dominate the economy, accounting for more than half of GDP. Weak tourist arrival numbers since early 2000 have slowed the economy and pressed the government into a tight fiscal corner. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products bei |
| 2008 | Antigua has a relatively high GDP per capita in comparison to most other Caribbean nations. It has experienced solid growth since 2003, driven by a construction boom in hotels and housing that which should wind down in 2008. Tourism continues to dominate the economy, accounting for more than half of GDP. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in touris |
| 2009 | Antigua has a relatively high GDP per capita in comparison to most other Caribbean nations. The economy experienced solid growth from 2003 to 2007, reaching over 12% in 2006 driven by a construction boom in hotels and housing associated with the Cricket World Cup. Growth dropped off in 2008 with the end of the boom. Tourism continues to dominate the economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market |
| 2010 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the |
| 2011 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the |
| 2012 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the |
| 2013 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the |
| 2014 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the |
| 2015 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the |
| 2016 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. | After taking office in 2004, the SP |
| 2017 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. | Like other countries in the region, |
| 2018 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Like other countries in the region, A |
| 2019 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Like other countries in the region, A |
| 2020 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Like other countries in the region, A |
| 2021 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Like other countries in the region, A |
| 2022 | Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Like other countries in the region, A |
| 2023 | dual island-tourism and construction-driven economy; emerging blue economy ; limited water supply and susceptibility to hurricanes limit activity; improving road infrastructure; friendly to foreign direct investment; looking at financial innovation in cryptocurrency and blockchain technologies |
| 2024 | dual island-tourism and construction-driven economy; emerging blue economy ; limited water supply and susceptibility to hurricanes limit activity; improving road infrastructure; friendly to foreign direct investment; looking at financial innovation in cryptocurrency and blockchain technologies |
| 2025 | dual island-tourism and construction-driven economy; emerging blue economy ; limited water supply and susceptibility to hurricanes limit activity; improving road infrastructure; friendly to foreign direct investment; looking at financial innovation in cryptocurrency and blockchain technologies |