- Economy Overview: Anguilla has few natural resources, and the economy depends heavily on lobster fishing, offshore banking, tourism, and remittances from emigrants. In recent years the economy has benefited from a boom in tourism. Development is planned to improve the infrastructure, particularly transport and tourist facilities, and also light industry. Improvement in the economy has reduced unemployment from 40% in 1984 to about 5% in 1988.
GDP: $23 million, per capita $3,350 (1988 est.); real growth rate 8.2% (1988)
Inflation rate (consumer prices): 4.5% (1988 est.)
Unemployment rate: 5.0% (1988 est.)
Budget: revenues $9.0 million; expenditures $8.8 million, including capital expenditures of NA (1988 est.)
Exports: $NA; commodities—lobsters and salt; partners—NA
Imports: $NA; commodities—NA; partners —NA
External debt: $NA
Industrial production: growth rate NA%
Electricity: 3,000 kW capacity; 9 million kWh produced, 1,300 kWh per capita (1988)