Countries
Antigua and Barbuda
Key Economic Indicators
$3.13 billion
$33,386
3.66%
6.2%
$2.225 billion (2024 est.)
86.2% of GDP (2016 est.)
$-181,365,884
Economic Overview
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
All Economic Data
Agricultural products
tropical fruits, milk, mangoes/guavas, eggs, lemons/limes, pumpkins/squash, sweet potatoes, vegetables, cucumbers/gherkins, yams (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$266.044 million (2014 est.)
Note:
<b>note:</b> central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
Revenues:
$251.418 million (2014 est.)
Currency
code:
XCD
name:
Eastern Caribbean dollar (XCD) [$]
Current account balance
$-181,365,884
Current account balance 2022:
-$291.674 million (2022 est.)
Current account balance 2023:
-$271.047 million (2023 est.)
Current account balance 2024:
-$181.366 million (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency:
East Caribbean dollars (XCD) per US dollar -
Exchange rates 2020:
2.7 (2020 est.)
Exchange rates 2021:
2.7 (2021 est.)
Exchange rates 2022:
2.7 (2022 est.)
Exchange rates 2023:
2.7 (2023 est.)
Exchange rates 2024:
2.7 (2024 est.)
Exports
$1.02 billion
Exports 2022:
$1.111 billion (2022 est.)
Exports 2023:
$1.185 billion (2023 est.)
Exports 2024:
$1.314 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
refined petroleum, ships, soybean meal, shellfish, paintings (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Suriname 29%, Poland 21%, USA 8%, Dominican Republic 7%, Australia 5% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$245.74 million
GDP - composition, by sector of origin
Agriculture:
1.9% (2023 est.)
Industry:
19% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
69.1% (2023 est.)
GDP (official exchange rate)
$2.225 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$23,542
GNI (gross national income)
$2.1 billion
GNI per capita
$21,150
Imports
$1.18 billion
Imports 2022:
$1.227 billion (2022 est.)
Imports 2023:
$1.273 billion (2023 est.)
Imports 2024:
$1.282 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
ships, refined petroleum, cars, plastic products, furniture (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
USA 43%, Poland 6%, China 5%, UK 4%, Germany 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
1% (2023 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
tourism, construction, light manufacturing (clothing, alcohol, household appliances)
Inflation rate (consumer prices)
6.2%
Inflation rate (consumer prices) 2022:
7.5% (2022 est.)
Inflation rate (consumer prices) 2023:
5.1% (2023 est.)
Inflation rate (consumer prices) 2024:
6.2% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Public debt
Public debt 2016:
86.2% of GDP (2016 est.)
Real GDP (purchasing power parity)
$3.13 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$2.594 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$2.657 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$2.772 billion (2024 est.)
Real GDP growth rate
3.66%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
9.1% (2022 est.)
Real GDP growth rate 2023:
2.4% (2023 est.)
Real GDP growth rate 2024:
4.3% (2024 est.)
Real GDP per capita
$33,386
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$27,900 (2022 est.)
Real GDP per capita 2023:
$28,500 (2023 est.)
Real GDP per capita 2024:
$29,600 (2024 est.)
Remittances
$26.2 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
1.9% of GDP (2022 est.)
Remittances 2023:
1.7% of GDP (2023 est.)
Remittances 2024:
1.2% of GDP (2024 est.)
Reserves of foreign exchange and gold
$358.44 million
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$396.506 million (2022 est.)
Reserves of foreign exchange and gold 2023:
$364.367 million (2023 est.)
Reserves of foreign exchange and gold 2024:
$358.441 million (2024 est.)
Economic Rankings
GDP Growth Rate
#24
GDP per Capita
#63
Inflation Rate
#117
Reserves
#164
Exports
#168
Imports
#173
GDP (Nominal)
#173
GDP (PPP)
#178
Quick Facts
Industries
tourism, construction, light manufacturing (clothing, alcohol, household appliances)
Agricultural products
tropical fruits, milk, mangoes/guavas, eggs, lemons/limes, pumpkins/squash, sweet potatoes, vegetables, cucumbers/gherkins, yams (2023)
Exports - partners
Suriname 29%, Poland 21%, USA 8%, Dominican Republic 7%, Australia 5% (2023)
Imports - partners
USA 43%, Poland 6%, China 5%, UK 4%, Germany 4% (2023)
Exchange rates
East Caribbean dollars (XCD) per US dollar -
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